Exhibit 10.37

 

Amendment to Employment Agreement

 

This document is dated as of March 4, 2004. It amends the Employment Agreement
dated August 8, 2000 between Stephen G. Kasnet and Calypso Management LLC (as
amended heretofore, “Agreement”).

 

For value received, the parties agree to add to the second sentence of the
second paragraph of Section 1 of the Agreement the words “at least” before the
words “50%” and before the words “33 1/3%.”

 

Except as set forth above, the terms of the Agreement are hereby ratified and
affirmed.

 

Executed under seal.

 

CALYPSO MANAGEMENT LLC

        By:  

/s/    DONALD H. HUNTER        

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/s/    STEPHEN G. KASNET        

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Title:  

Donald H. Hunter

Chief Operations Officer &

Chief Financial Officer

      Stephen G. Kasnet