Information

I had hoped that I would have been better able to discuss the details of my
decision to remain with EOTT yesterday morning.
In meeting with Mary Ellen following our discussion, she stated that you
instructed her to begin preparing an employment contract but she had no other
details other than to say she would be seeking the boards approval.

The position I was considering, upon leaving EOTT, had an employment
contract as well, so I did not think that EOTT would be opposed to the same
since most of the officers have now or have had in the past a similar
document. I was also offered a substantial amount of money to join (a
so-called sign on bonus), a small increase in overall compensation and a
sizeable stock option grant.
After considerable reflection over the last several days, my decision to
remain with EOTT was due to your statements/commitments , those by Dana and
the many visitors I have had during Friday and Monday asking me to remain
with the company...........I have made the decision to remain and would not
expect to have to forego the value presented by the current external
offer.

I would really like to be able to complete an agreement in the next day, even
if it is an email agreement to be followed by the proper paperwork later.
I look forward to providing ever increasing benefit to a newly energized
EOTT, moving toward excellence in the industry and higher value in the
marketplace.