EX-10 2 ex10_1danzell.txt EXHIBIT 10.1 (WILLIAM DANZELL) NESTOR, INC. EXHIBIT 10.1 ------------ 6 March 2006 Nestor, Inc. 42 Oriental Street Providence, Rhode Island 02908 Attention: Chairman of the Board Ladies and Gentlemen: Reference is made to that certain Employment Agreement between Nestor, Inc. and myself dated October 13, 2004. Notwithstanding anything therein to the contrary, I agree that my minimum salary thereunder shall be $225,000. Very truly yours, /s/ William B. Danzell --------------------------------- William B. Danzell Agreed and accepted: NESTOR, INC. By: /s/ Nigel P. Hebborn --------------------------------- Nigel P. Hebborn Treasurer and Chief Executive Officer 42 Oriental Street, Providence, RI 02908 TEL: 401-274-5658 FAX: 401-274-5707 WWW.NESTOR.COM