[letterhead of Globix Corporation]

 

 

October 18, 2006

 

Mr. Ted S. Lodge

c/o Globix Corporation

139 Centre Street

New York, New York 10013

 

 

Re: Extension of Employment Agreement

 

Dear Ted:

 

Globix Corporation, a Delaware corporation (the “Company”), is pleased to extend
the term of the Employment Agreement, dated as of October 31, 2005, by and
between the Company and you (the “Employment Agreement”) for another year as
provided in this letter.

 

Accordingly, Section 2 of the Employment Agreement is hereby amended and
restated to read as follows in its entirety:

 

Section 2. Term. Subject to the provisions for earlier termination hereinafter
set forth, the term of employment hereunder (the "Term") shall commence on
October 31, 2005 and shall continue through October 31, 2007, unless otherwise
extended in a writing signed by both Parties. Such period or any subsequent
extension period is referred to herein as the "Employment Period".

 

In addition, the reference to "October 31, 2006" in Section 6.2 is hereby
amended to read "October 31, 2007".

 

All other provisions of the Employment Agreement shall remain as originally set
forth in the Employment Agreement.

 

Please indicate your acceptance and agreement to the terms of this letter by
signing the duplicate copy of this letter where indicated on the following page
and returning such signed duplicate copy to the Company.

 

 

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Mr. Ted S. Lodge

Page 2

 

 

                

 

Thank you for your service to the Company.

 

  Very truly yours,   GLOBIX CORPORATION           By: /s/ Gene M.
Bauer                      Gene M. Bauer       
Senior Vice President,
General Counsel and
Corporate Secretary

 

 

Agreed and accepted

this 18th day of October, 2006

 

/s/Ted S. Lodge                          

Ted S. Lodge

 

 

 

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