Attached files
| file | filename |
|---|---|
| 8-K - TERRESTAR CORP | f3301018k.htm |
| EX-99.1 - LETTER AGREEMENT - TERRESTAR CORP | ex99_1.htm |
Exhibit
99.2
 |
TerreStar
Networks
One
Discovery Square
12010
Sunset Hills Rd. Suite 600
Reston,
VA 20190
|
March 30,
2010
VIA HAND
DELIVERY
Dennis
Matheson
12010
Sunset Hills Road
Reston,
VA 20190
Dear
Dennis:
This
letter (“Letter
Agreement”) confirms our agreement concerning the extension of the term
of the employment agreement between TerreStar Networks Inc., a Delaware
corporation (the “Company”) and you, dated as
of January 15, 2008 (the “Employment Agreement”), as previously
amended by the letter agreement dated April 9, 2009, letter agreement dated
May 20, 2008, and letter agreement dated November 24, 2008. This
Letter Agreement serves to further amend the Employment Agreement as set forth
below as of this date.
The
Company and you agree that the Employment Agreement is hereby amended in the
following regards:
1. Term of Employment;
Employment Period.
Sections 2
and 5 of the Employment Agreement state that the Employment Agreement expires by
its terms on May 20, 2010, unless the Company and you mutually consent to a
renewal or extension of the Employment Period before that expiration
date. The Company and you hereby agree to extend the Employment
Period for a one-year Renewal Term such that the Employment Agreement will
expire by its terms on May 20, 2011.
2. Miscellaneous.
This
Letter Agreement shall be governed by, and construed in accordance with, the
laws of the Commonwealth of Virginia, without reference to principles of
conflict of laws. Except as otherwise provided herein, capitalized
terms in this Letter Agreement shall have the meanings ascribed to them in the
Employment Agreement. Except as modified by the terms of this Letter
Agreement, the Employment Agreement remains in full force and
effect. This Letter Agreement shall not be modified, waived or
amended except by a written agreement executed by the parties hereto or their
respective successors and legal representatives. This Letter
Agreement shall inure to the benefit of and be binding upon you, the Company and
its successors and assigns.
| |
TerreStar
Networks
One
Discovery Square
12010
Sunset Hills Rd. Suite 600
Reston,
VA 20190
|
If the
foregoing terms are acceptable to you, please confirm your agreement by signing
your name below. Your signature below will indicate that you are
entering into this Letter Agreement freely and with a full understanding of its
terms and effect.
|
Very
truly yours,
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|||
|
/s/
Jeffrey W. Epstein
|
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|
Jeffrey
W. Epstein
|
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|
President
& CEO, TerreStar Networks Inc.
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AGREED
AND ACCEPTED:
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|
/s/
Dennis Matheson
|
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|
Dennis
Matheson
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|
Date:
|
March
30, 2010
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||