EX-10.54 8 v018142_rolfsallet.txt May 12, 2005 Mr. Stephen P. Rolf Marlton Technologies, Inc. 2828 Charter Road Philadelphia, PA 19154 Re: Employment Agreement dated November 24, 1999 Dear Steve: Confirming the actions of the Compensation Committee of the Board of Directors of Marlton Technologies, Inc. ("Company"): Effective August 1, 2004, your annual base salary was increased to $140,000. For 2004, you were awarded a discretionary bonus of $12,000. The provisions of your Employment Agreement relating to the above subject matter are superseded by this amendment; otherwise the Employment Agreement shall remain in full force and effect in accordance with its terms and shall constitute the legal, valid and binding agreement of the Company. --------------------------------- Richard Vague Chairman of Compensation Committee Agreed this _____ day of May, 2005. ---------------------------------- Stephen P. Rolf