FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT is made this ____ day of
February, 1998 between EarthLink Network, Inc., a Delaware corporation (the
"Company") and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ (the "Employee").
RECITALS
WHEREAS, the Board of Directors of the Company has determined that it is
in the best interests of the shareholders of the Company to enter into a
strategic relationship in the area of Internet access and related services
with ▇▇▇▇▇▇ Corporation ("▇▇▇▇▇▇") and its affiliates, pursuant an Investment
Agreement, dated as of February __, 1998 among ▇▇▇▇▇▇, ▇▇▇▇▇▇ Communications
Company, L.P., a Delaware limited partnership ("▇▇▇▇▇▇ Sub"), Newco, Inc., a
Delaware corporation ("Newco") and its subsidiary (the "Investment
Agreement");
WHEREAS, as a condition to the consummation of the transactions
contemplated in the Investment Agreement (COPY TO COME);
WHEREAS, the Company and Employee have agreed to execute and deliver
this Amendment to satisfy such condition and as an inducement to ▇▇▇▇▇▇ and
▇▇▇▇▇▇ Sub to enter into transactions contemplated in the Investment
Agreement;
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which hereby are acknowledged, Company and Employee agree as
follows:
SECTION 1(b) - DEFINITIONS. "Change in Control." Amend subsection (b)
of Section 1 to add the following sentence to the end of the subparagraph:
"Notwithstanding the foregoing, none of the transactions
contemplated by that certain Investment Agreement, dated as of
February __, 1998, among ▇▇▇▇▇▇ Corporation, a Kansas corporation,
▇▇▇▇▇▇ Communications Company, LP, a Delaware limited partnership,
the Company, Newco, Inc., a Delaware corporation and Newco Sub, a
Delaware corporation either individually or in the aggregate, shall
be deemed to be a "change in control event"."
This Amendment, and the rights of the parties hereunder, shall be
governed by and construed in accordance with the laws of the State of
California.
1
IN WITNESS WHEREOF, Employee and the Company have executed and delivered
this Agreement as of the date first shown above.
EMPLOYEE:
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
----------------------------------------
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
THE COMPANY:
EARTHLINK NETWORK, INC.
By: /s/ Sky ▇. ▇▇▇▇▇▇
-------------------------------------
Title: Founder and Chairman
2