AMENDMENT NO. 1 TO SERVICES AGREEMENT
Exhibit 10.10
AMENDMENT NO. 1 TO SERVICES AGREEMENT
The Services Agreement dated as of December 1, 2008 (the “Agreement”), by and between Hawaiian Telcom Communications, Inc., a Delaware corporation, on behalf of itself and its subsidiaries (collectively, the “Debtors”), Zolfo Xxxxxx Management, LLC (“ZC”), a New Jersey limited liability corporation, and Xxxxx Xxxxxxx (“Xxxxxxx”), is hereby amended by this Amendment No. 1 to Services Agreement (“Amendment “) dated January 14, 2010 but effective as of January 1, 2010.
Recitals:
WHEREAS, the Agreement engaged ZC and Xxxxxxx to provide to the Debtors the services of, among others, Xxxxxxx to serve as the Chief Operating Officer of the Debtors; and
WHEREAS, the parties desire to enter into this Amendment in order to reduce the compensation payable by the Debtors under the Agreement, as set forth below;
NOW, THEREFORE, the parties hereby agree to amend the Agreement effective as of Janaury 1, 2010 as follows:
1. Section 4 (“Compensation”) of the Agreement is hereby amended by adding the following language to the end of Section 4(a):
“, provided, however, commencing on January 1, 2010 and continuing through the remaining term of the Agreement, the monthly fee of $225,000 shall be reduced to a monthly fee of $90,000”.
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IN WITNESS WHEREOF, this Amendment No. 1 has been executed by the parties as of the date first written above.
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HAWAIIAN TELCOM COMMUNICATIONS, INC. |
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By: |
/s/ Xxxx X. Xxxxxx |
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Title: President & CEO |
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ZOLFO XXXXXX MANAGEMENT, LLC |
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By: |
/s/ Xxxxxxxxx X. Xxxxxx |
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Title: General Counsel and |
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Managing Director |
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XXXXX XXXXXXX |
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By: |
/s/ Xxxxx Xxxxxxx |
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Title: Managing Director |