Exhibit 10.1
 
June 27, 2005
 
Mr. David Marks
Chairman
Ventures-National Incorporated ("VNI")
1818 North Farwell Avenue
Milwaukee, Wisconsin 53202
 
Dear David:

I hereby tender my resignation as a member of the Board of Directors of VNI,
together with any committees of or appointed by the Board. This resignation was
not the result of any disagreement between VNI and me.

Further, this confirms that VNI has fulfilled all financial obligations to me,
owes me no other sums, including salary, commissions, expense reimbursements,
stock options, or stock warrants or any other consideration of any kind
whatsoever. All stock options or warrants previously granted are still valid and
with rights of exercise.

I wish you and the VNI team the very best.

 

           
   
   
  Date: June 27, 2005 By:   /s/ J. Frank Martin  

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J. Frank Martin