EXHIBIT 10.14
CAIS, INC.
0000 00xx Xxxxxx, X.X.
Washington, D.C. 20037
Tel. (000) 000-0000
Fax (000) 000-0000
February 28, 1997
Xx. Xxxxx X. Xxxxxxx
Inline Connection Corporation
000 X. Xxxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000
Dear Xxxxx:
This will confirm our agreement regarding an extension of the Option Period as
provided for in the November 5, 1996 Agreement for Cooperative Use of
Communication Patents among Inline Connection Corporation, you in your
individual capacity, and CAIS, Inc. (the "Agreement").
For good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Agreement is hereby amended and modified as follows:
1. The Option Period as provided in Section 1.1 of the Agreement shall be
extended to five (5) months from the date the Agreement was executed (i.e., the
Option Period shall expire on April 5, 1997) unless the Option is sooner
exercised or terminated in accordance with the provisions of the Agreement.
2. Section 1.4 of the Agreement shall be modified to provide that in addition
to payment to Inline of $7500 per month during the first three months of the
Option Period, in return for your services, due 15, 45, and 75 days after
execution of the Agreement, Inline shall be paid $7500 during the fifth month
of the Option Period in return for your continued services, such payment to be
due 135 days after execution of the Agreement. This also will confirm that CAIS
has paid to Inline during the fourth month of the Option Period a $7500 advance
against the $50,000 payment to be made to Inline upon CAIS's exercise of its
Option, as provided in Section 1.6 of the Agreement, such advance to be refunded
by Inline to CAIS in the event CAIS does not exercise its Option.
All other terms and conditions of the Agreement remain in full force and effect.
If the above reflects your understanding and meets with your approval, please so
indicate by countersigning below on behalf, respectively, of Inline and in your
individual capacity.
Sincerely,
CAIS, Inc.
By: /s/ Xxxxxxx X. Xxxxx, XX
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Xxxxxxx X. Xxxxx, XX, President
Agreed to:
Inline Connection Corporation
By: /s/ Xxxxx X. Xxxxxxx
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Xxxxx X. Xxxxxxx, President
2/28/97
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Date
Agreed to:
/s/ Xxxxx X. Xxxxxxx
---------------------------------
Xxxxx X. Xxxxxxx, in his individual capacity
2/28/97
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Date
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