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Exhibit 10.12    
    


        [VELOCITY COMMUNICATION LETTERHEAD] 



March
10, 2000 


Dear
Rouben, 


I
am pleased to offer you a position with Velocity Communication (the "Company") as its Vice President of Systems Engineering commencing on March 24, 2000, reporting to Behrooz Rezvani. You
will have responsibility for the management and leadership of all systems engineering activities including Spectrum Manager, Hybrid and COPT. In addition we will expect you to be an active member of
the senior team responsible for guiding and developing the company for success. 


Your
initial base salary will be $145,000 per year, which will be paid semi-monthly in accordance with the Company's normal payroll procedures. If you start by March 24, the company
will pay you a bonus of $35,000. As a Company employee you are also eligible to receive medical insurance and other employee benefits generally available to employees of the Company. 


We
will recommend to the Board of Directors of the Company that, at the next Board meeting, you be granted an incentive stock option entitling you to purchase up to 210,000 shares of Common Stock
(approximately 1.05% of the fully diluted shares post Series B Preferred Financing) of the Company at the then current fair market value as determined by the Board at that meeting. Such options
shall be subject to the terms and conditions of the Company's Stock Option Plan and Stock Option Agreement, including vesting requirements. 


You
should be aware, and acknowledge and agree, that your employment with the Company is for no specified period of time and constitutes at will employment. As a result, you are free to resign at any
time, for any reason, or for no reason. Similarly, the Company is free to conclude its employment relationship with you at any time, for any reason, or for no reason. 


For
purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility for employment in the United States. Such documentation
must
be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be terminated. 


You
agree that, during the term of your employment with the Company, you will not engage in any other employment, occupation, consulting or other business activity directly related to the business in
which the Company is now involved or becomes involved during the term of your employment, nor will you engage in any other activities that conflict with your obligations to the Company. 



As
a Company employee, you will be expected to abide by company rules and regulations. You will be specifically required to sign an acknowledgment that you have read and understand the company rules
of conduct, which will be included in a handbook that the company will soon complete and distribute, You will be expected to sign and comply with an Employment, Confidential Information, Invention
Assignment and Arbitration Agreement which requires, among other provisions, the assignment of patent rights to any invention made during your employment at the Company and non-disclosure
of proprietary information 


To
indicate your acceptance of the Company's offer, please sign and date this letter in the space provided below and return it to me. A duplicate original is enclosed for your records. This letter,
along with the agreement relating to proprietary rights between you and the Company, set forth the terms of your employment with the Company and supersede any prior representations or agreements,
whether written or oral. This letter may not be modified or amended except by a written agreement, signed by myself and by you. 










I
very much look forward to working with you at Velocity Communication and with your contribution building a highly successful company together. 


Sincerely,




	

 	

 	
 	

 
	/s/  BEHROOZ REZVANI      
 Behrooz Rezvani

Founder and CTO	 	 
	

 	

 	
 	

 
	/s/  RAJESH VASHIST      
 Rajesh Vashist

President and CEO	 	 
	

 	

 	
 	

 
	Agreed:	/s/  ROUBEN TOUMANI      
 Rouben Toumani	 	 













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Exhibit 10.12