Document:

Ex10_32

		
			Exhibit 10.32
		

		
			 
		

		
			
		

		
			 
		

		
			December 1, 2015
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			John B. Green
		

		
			BY HAND DELIVERY
		

		
			 
		

		
			RePart-Time Employment 
		

		
			 
		

		
			Dear Jack:
		

		
			 
		

		
			This letter memorializes certain mutual understandings with respect to your employment with Verastem, Inc. (the "Company"). Reference is made to the Employment Agreement between you the Company, dated as of March 10, 2013 (the "Employment Agreement"). This letter supplements (and, to the extent of any conflict, supersedes) the Employment Agreement.
		

		
			 
		

		
			We anticipate that, effective January 1, 2016, you will be employed on a part-time basis, working three (3) days per week at approximately sixty percent (60%) of your current full-time schedule. For so long as you continue to be employed by the Company on this part-time basis, the Company will pay you a base salary at the rate of $202,800, representing sixty percent (60%) of your base salary on the date of this letter (your "Current Base Salary"). You will continue to be employed on such part-time basis until otherwise agreed to in writing between you and the Company, or until your employment is terminated by you or the Company in accordance with Section 4 of the Employment Agreement.
		

		
			 
		

		
			Further, it is our shared understanding that in the event your employment with the Company is terminated (i) by the Company other than for Cause as defined in the Employment Agreement, or (ii) by you with or without Good Reason as defined in the Employment Agreement, such termination will be treated as a termination by the Company other than for Cause for all purposes. In the event of any such termination, for purposes of Section 5(a)(i) of the Employment Agreement your "then-current annual base salary" shall mean the base salary at the rate of $338,000, being one hundred percent (100%) of your base salary as of the date of this Letter.
		

		
			 
		

		
			The Company will reimburse you for your reasonable and actual legal fees incurred in connection with the negotiation of this letter following receipt of such substantiation and documentation of these expenses as may be reasonably requested by the Company.
		

		
			 
		

		
			This letter may not be modified or amended, and no breach will be deemed to be waived, except by a written agreement, signed by an authorized officer of the Company and by you. Except as expressly provided herein, your Employment Agreement will continue in full force and effect in accordance with its terms. This letter is a Massachusetts contract and will be governed and construed in accordance with the laws of the Commonwealth of Massachusetts, without regard to 
		

		
			 
		

		
			 
		

		
			

		 

		

			 

		

 

		

			

		

any conflict of laws principles that would result in the application of the laws of any other jurisdiction. 
		

		
			 
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						Very truly yours, 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						VERASTEM, INC.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						/s/ Dan Paterson

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						Dan Paterson

				
	
					
						 

					
					
						Chief Operating Officer 

				
	
					
						 

					
					
						 

				

		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Accepted and agreed:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						/s/ John B. Green

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						John B. Green

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Date:

					
					
						12/1/2015Exhibit

Exhibit 10.53

****CONFIDENTIAL PORTION has been omitted pursuant to a request for confidential treatment by the Company to, and the material has been separately filed with, the SEC.  Each omitted Confidential Portion is marked by four asterisks.

TWENTY-FIFTH AMENDMENT TO THE
FULL-TIME TRANSPONDER CAPACITY AGREEMENT (PRE-LAUNCH)

This Twenty-Fifth Amendment to the Full-time Transponder Capacity Agreement (Pre-Launch) (the “Twenty-Fifth Amendment”) is made and entered into as of this 31st day of December, 2015 (the “Effective Date”) by and between INTELSAT CORPORATION, a Delaware corporation (“Intelsat”), and GCI COMMUNICATIONS CORP., an Alaskan corporation (“Customer”).

RECITALS

WHEREAS, pursuant to that certain Full-Time Transponder Capacity Agreement (Pre-Launch) dated as of March 31, 2006, as amended (collectively, the “Agreement”) between Intelsat and Customer, Intelsat is providing Customer with **** transponders on ***** (the “**** Transponders”); **** transponders on **** (the “**** Transponders”); **** Transponders on **** (the “**** Transponders”); **** on ****; and **** transponders on ****;

WHEREAS, Customer wishes to **** Transponder on the ****  satellite and **** Transponder **** on the **** satellite, both from Intelsat, all of which is further defined below; 

AGREEMENT

NOW, THEREFORE, in consideration of the foregoing and of mutual covenants and agreements hereinafter set forth, the sufficiency and receipt of which is hereby acknowledged, the parties agree as follows:

		
	1.
	Except as specifically provided herein, all terms and provisions of the Agreement shall remain in full force and effect.

		
	2.
	Section 1.1, Description of Capacity.  This Section shall be deleted and replaced with the following:  

“Intelsat agrees to provide to Customer and Customer agrees to accept from Intelsat,  **** (****) **** a day, **** (****) **** a week), in outerspace, for the Capacity Term (as defined here), the Customer’s Transponder Capacity (defined below) meeting the “Performance Specifications” set forth in the “Technical Appendix” attached hereto as Appendix B.  For purposes of this Agreement, the “Customer’s Transponder Capacity” or “Customer’s Transponders” shall consist of (a) **** (as defined in Section 1.2, below) **** transponders (collectively, the “**** Transponders’ and individually, the “**** 

Transponder”) from that certain U.S. domestic satellite referred to by Intelsat as “****,” located in **** at **** Longitude, (b) **** transponders from the **** of that certain satellite referred to by Intelsat as “****” at ****  Longitude (“**** Transponder”); (c) **** Transponder **** on ****; (d) **** Transponder on **** (the “**** Transponder”); (e) **** Transponder **** on **** (the “**** Transponder ****”); (f) **** Transponder **** (the “**** Transponder ****”); (g) **** Transponder from ***** (the “**** Transponder”); (h) **** Transponder from **** (the “**** Transponder”); (i) **** Transponder from **** (the “**** Transponder; (j) **** Transponder **** (the “**** Transponder ****”); (k) **** Transponder **** (the “**** Transponder”), and (l) **** Transponder **** (the “****Transponder****”).”
    
		
	3.
	Article 2, Capacity Term.  The Capacity Term for the **** Transponder and the **** Transponder **** shall commence on **** and continue until **** for the **** Transponder and until **** for the **** Transponder ****.

    
		
	4.
	Section 3.1, **** Fee.  Customer’s **** Fee **** Transponder and the **** Transponder **** shall be as set forth in Appendix A.

		
	5.
	Except as specifically set forth in this Amendment, all terms and conditions of the Agreement remain in full force and effect.

IN WITNESS WHEREOF, each of the Parties hereto has duly executed and delivered this Twenty-Fifth Amendment as of the day and year above written.

	
						
	INTELSAT CORPORATION
	 
	GCI COMMUNICATION CORP.
	 

	 
	 
	 
	 
	 
	 

	By:
	/s/ Denise Olmsted
	 
	By:
	/s/ Jimmy R. Sipes
	 

	 
	 
	 
	 
	 
	 

	Name:
	Denise Olmsted
	 
	Name:
	Jimmy R. Sipes
	 

	 
	 
	 
	 
	 
	 

	Title:
	AGC, Global Sales
	 
	Title:
	VP Network Services & Chief Engineer
	 

	 
	 
	 
	 
	 
	 

	Date:
	December 31, 2015
	 
	Date:
	December 31, 2015
	 

	 
	 
	 
	 
	 
	 

APPENDIX A

CUSTOMER’S TRANSPONDER CAPACITY AND PAYMENT SCHEDULE FOR
GCI COMMUNICATIONS CORP.

	
					
	SVO #
	****/
Transponder No
	Transponder Type
	Capacity Term
	**** Fee

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

	 
	****
	****
	****–****
	US$**** **

* **** includes US$**** for **** Fee and the US$**** for each of Customer’s ****  Transponders under Article 14.  If the **** Transponder is **** or when Customer is **** a Transponder on **** (of its successor satellite), the **** Fee for such ****  Transponder shall be ****.  If, however, the **** Transponder ****, then the **** Fee for such **** Transponder shall ****.  The **** fee shall be ****.

** **** Fee includes US$**** for **** and the US$**** for each of **** and ****  Transponders with **** Replacement **** under Article 15.  If the **** Transponder is **** or when Customer is using a Transponder on ****, the **** Fee ****.  If, however, the **** Transponder later ****, then the **** Fee for such **** Transponder shall ****.  The **** Fee shall be ****.

*** **** Fee includes US$**** for **** and the US$**** for each of the Customer’s **** Transponder **** Fees, **** transponder (hereinafter referred to as the “**** Fee” as **** is the ****), **** transponder ****.  If the **** Transponder ****, the **** Fee for such **** Transponder shall ****.  If, however, the **** Transponder ****, then the **** Fee for such **** Transponder shall ****.  The **** shall be ****.
    
**** **** Fee includes US$**** for ****.  No **** is provided for this Transponder.

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