exv10w15






Exhibit 10.15




Employment Agreement




     This Employment Agreement (“Agreement”), including the attached Exhibits A and B, which are
made a part hereof for all purposes, between RigNet, Inc. (“Company”) and Hector Maytorena
(“Executive”) is effective as of May 18, 2010 (“Effective Date”). The Company and Executive agree
as follows:



     1. TERM AND POSITION: The Company agrees to employ Executive, and Executive agrees to be
employed by the Company, in the Positions and for the Term stated on Exhibit “A.” During the Term
of this Agreement, Executive shall devote his full time and undivided attention during business
hours to the business and affairs of the Company, except for vacations, illness or incapacity;
however, nothing in this Agreement shall preclude Executive from (i) engaging in charitable and
community activities, and (ii) managing his personal investments, provided that such activities do
not materially interfere with the performance of his duties and responsibilities under this
Agreement. The Chief Executive Officer of the Company (“CEO”) in accordance with guidelines, if
any, of the Board of Directors of the Company (“Board”) shall give Executive written notice of any
such activities that it reasonably believes materially interfere with the performance of his
duties hereunder and provide Executive with a reasonable period of time to correct such
interference.



     2. COMPENSATION: While Executive serves in the Positions set forth on Exhibit “A,”
Executive’s annual base salary, as set forth on Exhibit “A,” shall be paid in accordance with the
Company’s standard payroll practices for its executive officers. Executive shall participate in
the Company’s currently effective Management Incentive Plan (“MIP”) and, under the terms of the
MIP, shall be eligible for annual bonuses and/or periodic long-term incentive awards, in cash
and/or in Company stock, as determined appropriate from time to time by the Compensation Committee
of the Board (“Compensation Committee”). Under the terms of the MIP and subject to the sole
discretion of the Compensation Committee, Executive shall be eligible for an annual bonus in the
amount, and determined in the manner, set forth on Exhibit “A” attached hereto.



     3. BENEFITS: Executive shall be allowed to participate in all compensation and benefit plans
and receive all perquisites that the Company makes available to its other senior executives of the
same corporate level and also to participate in all employee benefit plans and programs that the
Company makes available to the Company’s employees in general. Nothing in this Agreement is to be
construed to obligate the Company to institute, maintain, or refrain from changing, amending, or
discontinuing any benefit program or plan, so long as such actions are similarly applicable to the
covered executives or employees, as applicable.



     4. INDEMNIFICATION: In any situation where under applicable law the Company has the power to
indemnify, advance expenses to and defend Executive in respect of any claims,



-1-









 




judgments, fines, settlements, loss, cost or expense (including attorneys fees) of any nature
related to or arising out of Executive’s activities as an agent, employee, officer or director of
the Company or in any other capacity in which he is acting or serving on behalf of or at the
request of the Company (a “Claim”), the Company shall fully indemnify Executive to the maximum
extent permitted by law and promptly on written request from Executive advance expenses {including
attorney’s fees) to Executive and defend Executive to the fullest extent permitted by law, unless
Executive has been grossly negligent or willfully engaged in misconduct in the performance or
nonperformance of his duties that is the basis for such Claim, which nonperformance shall include a
failure of Executive to inform the Board of matters that could reasonably be expected, at such
time, to be materially injurious financially to the Company. This contractual indemnification of
Executive by the Company hereunder shall not be deemed or construed as operating to impair any
other obligation of the Company respecting Executive’s indemnification or defense otherwise arising
out of this or any other agreement or promise or obligation of the Company under any statute,
articles of incorporation, by-laws or otherwise.




     5. D&O INSURANCE: The Company will obtain and maintain throughout the Term officer and
director liability insurance covering Executive in an amount believed by the Board to be
reasonable for the Company, given its size and activities, but in no event shall the coverage for
Executive be less (in amount or scope) than the coverage provided for any other officer or
director of the Company. Such insurance coverage shall continue as to Executive after he has
ceased to be a director, officer or employee of the Company with respect to acts or omissions,
which occurred prior to such cessation. Insurance contemplated by this Section shall inure to the
benefit of Executive, his heirs and the executors and administrators of his estate.



     6. TERMINATION OF EMPLOYMENT: The Company and Executive agree that, during the Term, either
party may, upon at least 30 days written notice to the other, terminate Executive’s employment;
provided, however, that Executive’s employment may be terminated by the Company for Cause only as
provided below. The Term of the Agreement shall terminate upon the termination of Executive’s
employment for any reason.



     7. SEVERANCE PAY AND BENEFITS: If, during the Term, the Company terminates Executive’s
employment without Cause or Executive terminates his employment for Good Reason, the Company shall
pay Executive a Cash Severance Amount and provide Executive with certain other severance benefits
(collectively, the “Severance Pay”) as described below. The Severance Pay shall be as follows:




	 	(a)	 	The Cash Severance Amount shall be the amount as provided in
Exhibit A hereto. The Company shall pay the Cash Severance Amount to Executive
in a lump sum by wire transfer on or as soon as reasonably practical after the
termination date; provided, however, that if at such time Executive is a





-2-









 






	 	 	 	“specified employee,” as defined in Section 409A of the Internal Revenue Code
of 1986, as amended (“Code”) and the applicable Treasury Regulations
thereunder, the Company shall not make such payment until the earlier of (i)
the first day of the seventh month after Executive’s termination date or (ii)
the date of Executive’s death. In the event of any such delay in payment,
such Cash Severance Amount shall bear interest at the LIBOR rate in effect on
his termination date until paid.
	 
	 	(b)	 	Provided Executive timely elects continued coverage under the
Company’s group health plan pursuant to Section 4980B of the Code (“COBRA”),
the Company shall pay on Executive’s behalf the full premium required for such
continued coverage elected for his applicable COBRA period but not to exceed
18 months; provided, however, the Company shall take all actions necessary for
Executive not to be taxed on either the continued coverage or any health
benefits received under the health plan, which may include, if effective,
paying Executive a monthly amount in cash, with a full tax gross-up, that
enables Executive to pay the health premium required with after-tax dollars in
order for such continued coverage or benefits to be non-taxable to him;
provided, further however, if such reimbursement payments would be subject to
tax under Section 409A of the Code, the Company shall provide Executive with
either a full tax gross-up, paid when Executive remits such taxes, or
reasonably equivalent health insurance coverage that does not subject
Executive to tax under Sections 105, 106 or 409A of the Code.
	 
	 	(c)	 	As soon as practical on or following his termination, the
Company shall pay Executive (i) any earned but unpaid base salary, (ii) any
accrued but unused vacation, and (iii) all reasonable and unreimbursed
business expenses incurred by him prior to his termination.
	 
	 	(d)	 	The Company shall provide Executive with outplacement services
of Executive’s choosing, not to exceed $20,000.




Executive shall not be entitled to Severance Pay for a termination of employment that is due to
his death or Disability, his voluntary termination without Good Reason, or his termination by the
Company for Cause.




-3-









 





     8. DEFINITIONS



          The following are definitions of terms used in this and other sections of this Agreement.





	 	(a)	 	Cause. “Cause” means (i) Executive’s conviction of a felony or a misdemeanor involving moral
turpitude; (ii) Executive’s intentional and continued failure to perform his duties (other
than by reason of an illness or a disability); (iii) intentional engagement in conduct by
Executive that is materially injurious to the Company (monetarily or otherwise); (iv)
Executive’s gross negligence in the performance of Executive’s duties (v) Executive’s failure
to demonstrate clear separation of business and personal business (including without
limitation, business travel expenses); provided, however, Executive shall not be deemed to
have been terminated for Cause under clauses (ii), (iii), (iv) or (v) above unless the
determination of whether Cause exists is made in writing by the CEO, such determination to set
forth the basis for the determination. If Executive disagrees with the CEO’s determination,
Executive may, within 30 days of the CEO’s determination file a written appeal with the Board,
and the Board may reverse the CEO’s determination if a resolution is duly adopted by the
affirmative vote of a majority of the entire membership of the Board (excluding Executive, if
a member) at a meeting of the Board that was called for the purpose of considering such
termination (after 15 days’ notice to Executive and an opportunity for Executive, together
with Executive’s counsel, to be heard before the Board and, if reasonably possible, to cure
the breach that is the alleged basis for Cause) finding that, in the good faith opinion of the
Board, Executive was not guilty of conduct constituting Cause and specifying the particulars
thereof in detail.
	 
	 	(b)	 	Good Reason. “Good Reason” means (i) an adverse change in Executive’s position, authority,
duties or responsibilities, including job title, (ii) an adverse change in Executive’s base
salary or the taking of any action by the Company that would diminish, other than in a de
minimus amount, the aggregate incentive compensation awards or opportunities of Executive or
the level of Executive’s participation relative to other participants, iii) the relocation of
the Company’s principal executive offices by more than 25 miles from where such offices are
located on the Effective Date or Executive being based at any office other than the principal
executive offices of the Company, except for travel reasonably required in the performance of
Executive’s duties and reasonably consistent with Executive’s travel prior to the Effective
Date, or (iv) a breach of this Agreement by the Company, which remains uncorrected for 10
days following Executive’s written




-4-









 












	 	 	 	notice to the Company of such breach.
	 
	 	(c)	 	Disability. “Disability” means Executive (i) is unable to perform substantially
Executive’s duties with the Company as a result of any physical or mental impairment
that is reasonably expected to last for a continuous period of not less than 12 months,
as supported by a written opinion by a physician selected by Executive, and (ii) is
receiving long-term disability benefits under the Company’s insured long-term disability
plan.





     9. COMPANY EQUITY: The provisions of this Section are in addition to any rights of Executive
under Section 7 of this Agreement.




	 	(a)	 	Upon Executive’s termination of employment for Good Reason, death or
Disability or upon Executive’s termination by the Company for any reason other than
Cause, each Company stock option of Executive automatically shall vest and become
exercisable in full. Further, in the event that Executive’s employment is terminated
for any reason other than for Cause, all vested Company stock options of Executive,
including those that become vested on his termination of employment as provided in
this Agreement, shall continue in full force and effect for the remainder of their
original option terms. In addition, each Company restricted stock award and other
Company-equity based award, and any other deferred compensation award granted to
Executive, shall vest in full and be payable on the date the Cash Severance Amount is
paid to Executive as provided above. However, expressly excluded from this section are
any equity awards issued to Executive by the Company under a long-term incentive plan
(“LTIP”) after the Company’s stock is listed on any public stock exchange or
securities market. Such equity issued under the LTIP after a public listing shall vest
and continue in full force and effect in accordance with the terms of the LTIP.
	 
	 	(c)	 	In the event that Executive’s employment is terminated by the Company for
Cause and the Company’s stock is not listed on any public stock exchange or securities
market, then for 90 days following Executive’s termination the Company shall have a
right to cancel all of Executive’s vested stock options by paying Executive a cash
lump amount equal to the excess, if any, of the Fair Market Value of the shares of the
Company stock covered by such options and the exercise prices of such options.
	 
	 	(d)	 	Upon a “Change of Control,” all Company stock options and other Company
equity-based awards of Executive automatically shall vest in full immediately prior




-5-









 












	 	 	 	to such Change of Control and be exercisable or payable pursuant to its terms,
notwithstanding anything in any award agreement to the contrary.
	 
	 	(e)	 	In the event that a majority of other shareholders sell or otherwise dispose
of any of their shares of Company stock or securities convertible into Company stock
prior to an initial public offering of the Company stock, the other shareholders and
the Company shall take, at their sole expense, all actions necessary or helpful, to
enable Executive, at his election, to sell or similarly dispose of his shares of
Company stock to such purchaser(s) at the same time and on the same terms. The
percentage of his shares of Company stock that Executive may elect to sell or
otherwise dispose of pursuant to this “tag along” right shall not exceed the
percentage of the Company stock owned by the other selling shareholders (with all
convertible securities being deemed fully converted) that it is selling or otherwise
disposing in such transaction(s). Such “tag along” rights for Executive shall no
longer exist once the Company’s stock is listed on any public stock exchange or
securities market.





     10. NO OFFSET OR MITIGATION: Executive shall not be required to mitigate the
amount of any payment or benefit provided for under this Agreement by seeking other
employment or otherwise nor shall the amount of any payment or benefit provided for in this
Agreement be reduced as the result of his employment by another employer or his self-employment, except that any severance payments or benefits that Executive is entitled to
receive
pursuant to a Company severance welfare benefit plan for employees in general shall reduce the
amount of payments and benefits otherwise payable or to be provided to Executive under this
Agreement.



     11. CONFIDENTIALITY: Executive will not use, divulge, or disclose, directly or indirectly,
any trade secret, data, records, or other information concerning the technology, know-how,
business, policies, finances, or operations of the Company or any of its affiliates, which
Executive acquires knowledge of pursuant to his employment with the Company (the “Information”),
including, but not limited to, information regarding its customers and projects. He will not,
without the express consent of a member of the Board, remove from the offices of the Company any
originals or copies of any of the Information, or any computer disks, computer hard drives, or
computer tapes on which any of the Information is recorded.



     12. INVENTIONS: Executive will promptly and fully disclose to the Company any inventions,
designs, improvements or discoveries which Executive develops during his employment with the
Company, whether conceived during regular working hours or otherwise. All such inventions,
designs, improvements, and discoveries shall be the exclusive property of the Company. Executive
will: (i) assist the Company in obtaining appropriate legal protection



-6-









 




(including patent, trademark, and copyright protection) for the rights of the Company with respect
to such inventions, designs, improvements, and discoveries, and (ii) execute all documents and do
all things necessary to (a) obtain such legal protection, and (b) vest the Company with full and
exclusive title thereof.




     13. NON-COMPETITION OBLIGATIONS: The Executive Agrees that, during the Term of this Agreement
and for the 12-month period following any termination of this Agreement by the Company without
Cause, Executive shall not, directly or indirectly, engage in any business competing with the
businesses of the Company, whether directly or as an owner of more than 5% in, as a manager of, a
participant in, a consultant to or a person who renders services on behalf of, a person who engages
in such business, or otherwise, within (i) the states of Texas, Louisiana, Colorado or Wyoming or
(ii) in any geographical area in which the Company actually engages in such businesses,
specifically including the nations listed on Exhibit B attached hereto. The business of the Company
is providing Internet protocol-based voice, data and video networks and software application
management services for offshore drilling companies, oil companies and oil-field service companies.



     14. NON-SOLICITATION: During the Term of this Agreement and the 12-month period following the
termination hereof, Executive shall not directly, or indirectly through another entity, induce or
attempt to induce any employee of the Company to leave the employ of the Company, or in any way
interfere with the relationship between the Company and any employee thereof, and Executive shall
not directly or indirectly induce or attempt to induce any existing or prospective customer of the
Company to reduce or cease its business relationship with the Company.



     15. WARRANTY AND INDEMNIFICATION: Executive warrants that he is not a party to any other
restrictive agreement limiting his activities in his employment by the Company. Executive further
warrants that at the time of the signing of this Agreement, Executive knows of no written or oral
contract or of any other impediment that would inhibit or prohibit continued employment with the
Company. Executive shall hold the Company harmless from any and all suits and claims arising out
of any breach of such restrictive agreement or contracts.



     16. NON-DISPARAGEMENT: The parties shall refrain, both during and after the Term, from
publishing any oral or written statements about each other (including with respect to the Company,
its affiliates, or any of their respective officers, employees, agents, or representatives) that
are disparaging, slanderous, libelous, or defamatory.



     17. NOTICES: Notices and all other communications shall be in writing and shall be deemed to
have been duly given when personally delivered or when mailed by United States



-7-









 




registered or certified mail. Notices to the Company, shall be sent to 1880 South Dairy Ashford,
Suite 300, Houston, Texas 77077 attention: Chief Executive Officer. Notices and communications to
Executive shall be sent to the address Executive most recently provided to the Company.




     18. NO WAIVER: No failure by either party at any time to give notice of any breach by the
other party of, or to require compliance with, any condition or provision of this Agreement shall
be deemed a waiver of any provisions or conditions of this Agreement.



     19. ARBITRATION: Any dispute about the validity, interpretation, effect or alleged violation
of this Agreement (an “arbitrable dispute”) must be submitted to confidential arbitration in
Houston, Texas. Arbitration shall take place before an experienced employment arbitrator licensed
to practice law in such state and selected in accordance with the Model Employment Arbitration
Procedures of the American Arbitration Association. Arbitration shall be the exclusive remedy of
any arbitrable dispute. The Company shall bear all fees, costs and expenses of arbitration,
including those of Executive unless the arbitrator finds that Executive has acted in bad faith and
provides otherwise with respect to the fees, costs and expenses of Executive; provided, however, in
no event shall Executive be chargeable with the fees, costs and expenses of the Company or the
arbitrator. Should any party to this Agreement pursue any arbitrable dispute by any method other
than arbitration, the other party shall be entitled to recover from the party initiating the use of
such method all damages, costs, expenses and attorneys’ fees incurred as a result of the use of
such method. Notwithstanding anything herein to the contrary, nothing in this Agreement shall
purport to waive or in any way limit the right of any party to seek to enforce any judgment or
decision on an arbitrable dispute in a court of competent jurisdiction. Each party hereby
irrevocably submits to the exclusive jurisdiction of the state and federal courts in Houston,
Texas, for the purposes of any proceeding arising out of this Agreement.



     20. GOVERNING LAW: This Agreement will be governed by and construed in
accordance with the laws of the State of Texas without regard to conflicts of law principles.



     21. SUCCESSORS:




	 	(a)	 	This Agreement is personal to Executive and without the prior written consent of
the Company shall not be assignable by Executive otherwise than by will or the laws of
descent and distribution. This Agreement shall inure to the benefit of and be
enforceable by Executive’s legal representatives.
	 
	 	(b)	 	This Agreement shall inure to the benefit of and be binding upon the
Company and its successors and assigns.





-8-









 






	 	(c)	 	The Company shall require any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of the
business and/or assets of the Company to assume expressly and agree to perform
this Agreement in the same manner and to the same extent that the Company would be
required to perform it if no such succession had taken place. As used in this
Agreement, “Company” shall mean the Company as defined in this Agreement and any
successor to its business and/or assets as aforesaid which assumes and agrees to
perform this Agreement by operation of law or otherwise.





     22. ENTIRE AGREEMENT: This instrument contains the entire agreement of Executive and the
Company with respect to the subject matter hereof and all promises, representations,
understandings, arrangements, and prior and contemporaneous agreements (written or oral) between
the parties with respect to the subject matter hereof, are terminated hereby.



     23. SURVIVAL/SEVERABILITY/HEADINGS: It is the express intention and agreement of the parties
that Sections 5 through 25 of this Agreement shall survive the termination of the Term. In
addition, all obligations of the Company to make payments under this Agreement shall survive any
termination of this Agreement on the terms and conditions set forth in this Agreement. The
invalidity or unenforceability of any one or more provisions of this Agreement shall not affect
the validity or enforceability of the other provisions of this Agreement, which shall remain in
full force and effect. Article and section headings contained in this Agreement are provided for
convenience and reference only, and do not define or affect the meaning, construction, or scope of
any of the provisions of this Agreement.



     24. TAX WITHHOLDING: The Company shall be entitled to withhold from any compensatory payments
that it makes to Executive under this Agreement or otherwise all taxes required by applicable law
to be withheld therefrom by the Company.



     25. LEGAL FEES: The Company shall reimburse Executive for his legal fees
incurred in advising him with respect to and in preparing and reviewing this Agreement.



[SIGNATURE PAGE TO FOLLOW]




-9-









 





     IN WITNESS WHEREOF, the Company and Executive have executed this Agreement in multiple
originals to be effective for all purposes as of the Effective Date.



	 	 	 	 	 	 	 

	 	 	RIGNET, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Title:
	 	/s/ Mark B. Slaughter
 

CEO & President
	 	 
	 
	 	 	 	 	 	 
	 	 	“EXECUTIVE HECTOR MAYTORENA”	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ Hector J. Maytorena 
	 	 
	 	 	(Signature)	 	 






-10-









 






Exhibit A

To Employment Agreement

between RigNet, Inc.

and the Executive Named Below



	 	 	 

	Name:

	 	Hector Maytorena
	 
	 	 
	Position:

	 	Vice-President & General Manager-Americas
	 
	 	 
	Reporting:

	 	Executive shall report to the Chief Executive Officer of the
Company.
	 
	 	 
	Term:

	 	Through November 15, 2010 (the “primary term”); provided
that beginning on the final date in the primary term and on
each anniversary thereafter, the Term automatically will be
extended for an additional one year, unless at least 90 days
prior to any such anniversary either of the parties to this
Agreement gives written notice to the other that the Term
shall cease to be so extended. Notwithstanding the foregoing,
upon a Change of Control, the Term shall not be less than two
years from the date of such Change of Control. However, the
Term shall automatically terminate as provided in Section 7.
	 
	 	 
	Annual Base Salary:

	 	$150,000. Executive’s base salary may be increased from
time to time, but as increased may not be thereafter decreased.
	 
	 	 
	Annual Bonus:

	 	Each fiscal year of the Company (each fiscal year being a
“Bonus Period”), Executive shall participate in the Company’s
annual bonus plan (Management Incentive Plan or “MIP”).
Subject to the MIP’s terms and conditions, Executive shall be
eligible to receive a target bonus in an amount not less than
30% of Executive’s annual Base Salary. Executive’s
entitlement to a bonus during each Bonus Period shall be
dependent upon the Company’s and Executive’s satisfaction of
criteria established by the Compensation Committee, at its
sole discretion, under the MIP. Determination of the
satisfaction of such criteria shall be solely based upon the
Company’s audited financial statements and final Board of
Director approval for each such Bonus Period, and further
provided that Executive shall not be






-11-









 






	 	 	 

	 

	 	entitled to receive any Annual Bonus if Executive is not an
employee of the Company on the date that payment of an
approved Annual Bonus would otherwise be payable.
	 
	 	 
	Cash Severance Amount:

	 	The aggregate sum of (i) the amount of Executive’s target
bonus for the Bonus Period in which his termination occurs,
and (ii) 1.0 times Executive’s then applicable annual Base
Salary.
	 
	 	 
	409A Tax Gross-Up:

	 	In the event it shall be determined that any payment to
Executive, whether under this Agreement or otherwise, is
subject to the additional tax imposed by Section 409A of the
Code, or any interest or penalties are incurred by Executive
with respect to such additional tax (such tax together with
any such interest and penalties, hereinafter collectively
referred to as the “409A Tax”), the Company shall pay
Executive a “Gross-Up Payment” in an amount such that after
payment by Executive of all taxes imposed upon the Gross-Up
Payment, including, without limitation, any additional 409A
Tax on the Gross-Up Payment, Executive retains an amount of
the Gross-Up Payment equal to the initial 409A Tax. Such
Gross-Up Payment shall be paid no later than the time
Executive is required to pay the 409A Tax. Executive and the
Company agree to use reasonable efforts to avoid having any
payment or benefit provided to Executive being subject to the
409A Tax.






-12-









 






	 	 	 

	 

	 	Exhibit B
	 
	 	 
	 

	 	Mexico
	 

	 	Brazil
	 

	 	Venezuela
	 

	 	Norway
	 

	 	The United Kingdom
	 

	 	Denmark
	 

	 	Singapore
	 

	 	Qatar
	 

	 	Indonesia
	 

	 	Brunei
	 

	 	Australia
	 

	 	Thailand
	 

	 	India
	 

	 	Saudi Arabia
	 

	 	United Arab Emirates
	 

	 	Libya
	 

	 	Egypt
	 

	 	China
	 

	 	Vietnam
	 

	 	Nigeria
	 

	 	Angola
	 

	 	Ghana
	 

	 	Cameroon
	 

	 	Tunisia






A-13









 






Amendment to Employment Agreement



This Amendment to the Employment Agreement entered into this 15th day of August, 2010 by and
between RigNet, Inc. (“Company”) and Hector J. Maytorena
(“Executive”) (“Amendment”),



The Company and Executive agree as follows:




          Whereas, Company and Executive desire to amend that certain Employment Agreement dated May
14, 2010 (“Employment Agreement”);



          Now
Therefore, in consideration of the promises and mutual consideration
set forth, it is agreed by Company and Executive as follows:




	 	1.	 	The Section of Exhibit A of the Employment Agreement
related to ‘Term’ is hereby
deleted in its entirety and the following is substituted in lieu thereof:
	 
	 	 	 	“Term: the initial term shall extend through November 15, 2010; provided that on November
16, 2010 the Term will automatically renew for an additional one
year period unless either:
(a) the Company provides notice of non-renewal to the Executive on or before August 15,
2010; or (b) the Executive provides notice of non-renewal to the Company on or before
August 27, 2010. On each anniversary of November 15, 2010 thereafter, the Term will
automatically renew for successive one year periods unless either party provides not less
than 90 days notice to the other party, subject to the parties’ respective rights under
Section 7. Notwithstanding the foregoing, upon a Change of Control (as defined in Section
9(d)), the Term shall not be less than two years from the date of such Change of Control
subject to the parties’ respective rights under Section 7.”
	 
	 	2.	 	Except as expressly set forth above, the Employment Agreement shall remain in full force and
effect
as written.





          IN WITNESS WHEREOF, the Company and the Executive have executed this Amendment in
multiple originals to be affective for all purposes as of the Effective Date.



	 	 	 	 	 

	 

	 	RigNet, Inc.	 	 
	 
	 	 	 	 
	 

	 	/s/ Mark B. Slaughter
 

Mark B. Slaughter
	 	 
	 

	 	Chief Executive Officer	 	 
	 
	 	 	 	 
	 

	 	Executive	 	 
	 
	 	 	 	 
	 

	 	/s/ Hector J. Maytorena
 

Hector J. Maytorena
	 	8/15/2010