Exhibit 4.25
April 26, 2002
Speedcom Wireless Corporation
0000 Xxxxxxxxxxxx Xxxxxxxxx, X-0
Xxxxxxxx, Xxxxxxx 00000
Attention: Xxxx Xxxxx
DMG Legacy Fund LLC
DMG Legacy Institutional Fund LLC
DMG Legacy International Ltd.
c/o DMG Advisors LLC
Xxx Xxxxx Xxxxx Xxxxx, Xxxxx 000
Xxxxxxxxx, XX 00000
Re: Letter Agreement
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Ladies and Gentlemen:
This Letter Agreement is the Letter Agreement referred to in the Letter
Loan Agreement (the "Letter Loan Agreement") dated as of April 26, 2002 by and
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among Speedcom Wireless Corporation (the "Company"), DMG Legacy Fund LLC, DMG
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Legacy Institutional Fund LLC and DMG Legacy International Ltd. (collectively,
the "Lenders"). Capitalized terms used and not otherwise defined herein shall
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have the meanings set forth for such terms in the Letter Loan Agreement.
Pursuant to Sections 2(c) and 4(a)(i) of the Letter Loan Agreement and
as an inducement to the Lenders to make the Loans, I hereby agree not to sell or
transfer any of the shares of common stock of the Company as set forth on
Schedule I to this Letter Agreement beneficially owned by me, including,
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without, limitation, any shares under my control (the "Shares"). I hereby
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acknowledge and agree that so long as the Loans are outstanding, I will not sell
or transfer any of the Shares.
Sincerely,
Xxxxxxx XxXxxxxx
Schedule I
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Shares directly owned by Xxxxxxx XxXxxxxx: 1,849,995
Shares owned by Xxxxxxx XxXxxxxx as custodian for Xxxxx Xxxxxx XxXxxxxx: 321,780
Shares owned by Xxxxxxx XxXxxxxx as custodian for Xxxx Xxxxx XxXxxxxx: 321,780
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