January 9, 2003

Robert M. Pickus
[ADDRESS]

Re:

Employment Agreement dated April 17, 2000 between Robert M. Pickus and Trump Hotels & Casino Resorts, Inc., Trump Hotels & Casino Resorts Holdings, L.P. and Trump Atlantic City Associates (collectively “Trump”) (the “Agreement”)

Dear Mr. Pickus:

This letter will confirm that the Agreement is hereby amended as set forth below:

1.

the Expiration Date is extended to December 31, 2006;

 

 

2.

paragraph 2 is amended to reflect the annual base salary of $400,000; and

 

 

3.

paragraph 3 is amended to state that commencing January 1, 2004 the annual salary shall be increased at a rate not less than 5% per annum.

Except to the extent modified herein, you and Trump hereby ratify the Agreement and agree that all other terms, conditions and obligations contained therein remain in full force and effect as stated in the Agreement.

 

Very truly yours,

 

 

 

/s/ MARK A. BROWN

 

 


 

 

MARK A. BROWN

 

 

Chief Operating Officer

 

 

 

Agreed and Consented to:

 

 

 

/s/ ROBERT M. PICKUS

 

 


 

 

Robert M. Pickus

 

 

 

 

 

1/13/03
Date

 

 

Source: OneCLE Business Contracts.