Amendment of Founder's Employment Agreement Dear Mr. Endry:
Exhibit 10.16
July 1, 2004
HyperSpace
Communications, Inc.
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- Re:
- Amendment of Founder's Employment Agreement
Dear ▇▇. ▇▇▇▇▇:
This letter agreement (the "Letter Agreement") shall confirm our agreement that HyperSpace Communications, Inc. ("HyperSpace") and ▇▇▇▇ ▇. ▇▇▇▇▇ ("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/ ▇▇▇▇ ▇. ▇▇▇▇▇
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