Amendment of Founder's Employment Agreement Dear Mr. Endry:
Exhibit 10.16
July 1, 2004
HyperSpace
Communications, Inc.
0000 Xxxx Xxxxxxx Xxxx, Xxxxx 0000
Xxxxxxxxx Xxxxxxx, XX 00000
- Re:
- Amendment of Founder's Employment Agreement
Dear Xx. Xxxxx:
This letter agreement (the "Letter Agreement") shall confirm our agreement that HyperSpace Communications, Inc. ("HyperSpace") and Xxxx X. Xxxxx ("Founder") have agreed to amend and modify the Founders Employment Agreement, dated April 1, 2001 (the "Founder's Agreement") as follows: Founder hereby agrees to waive and terminate Section 8.8.3 as if it were void and of no force and effect from the inception of the Founder's Agreement such that HyperSpace shall have no obligation to repurchase any of the securities of HyperSpace owned by Founder.
Sincerely,
/s/ XXXX X. XXXXX
Xxxx X. Xxxxx