Document:

Letter Agreement Dated December 26, 2006

 Exhibit 10.14 
 MORGANS HOTEL GROUP 
 December 26, 2006 
 Dean Boswell 
 P.O. Box 619A 
 Kennebunkport, ME 04046 
 Dear Dean: 
 I am pleased to confirm our offer of employment to you as Chief Financial Officer for Morgans Hotel Group Management LLC (the “Company”). Your start date will be February 15, 2007. 
 Your starting salary will be $200,000 per year ($7,692.31 payable in accordance with our regular bi-monthly pay cycles and subject to appropriate
withholdings). We will conduct an annual performance review and re-evaluate your salary based on the results of that review. Your target bonus for 2007 will be up to 50%, pro rated for the length of time you work during 2007. Bonuses are typically
paid during the first few months of the following year, and employees must be employed by the Company on the date bonuses are paid to be eligible to receive a bonus. 
 A full range of comprehensive health and dental care coverage will be provided after three months of continuous service. You will also be eligible to participate in the Company’s 401(k) plan after six months of
continuous service. 
 Notwithstanding the above benefits and provisions, this letter is not to be construed as an implied contract of
employment. Additionally, please understand that your employment with the Company is at-will; this means that either you or the Company may terminate your employment at any time, for any reason, with or without cause or notice. 
 Agreements and conditions of employment are subject to change at any time unilaterally by the employer. 
  

 MORGANS HOTEL GROUP LLC 475 TENTH AVENUE NEW YORK CITY NY 10018 PHONE 212 277 4100 FAX 212 277 4290

 MORGANSHOTELGROUP.COM NEW YORK MIAMI LOS ANGELES SAN FRANCISCO LONDON 

 MORGANS HOTEL GROUP 
  

 Dean Boswell 
 December 26, 2006 
 Page Two 
 The
Immigration Reform and Control Act of 1986 requires us to verify that all newly hired employees are legally eligible to work in the United States and you will need to provide us on your first day of employment with the appropriate required
documents. 
 As a Company employee, you will acquire Confidential Information in the course of your employment. You agree that, in
consideration of your employment with the Company, you will treat such Confidential Information as strictly confidential. You will not, directly or indirectly, at any time during your employment with the Company or any time thereafter, and without
regard to when or for what reason, if any, such employment shall terminate, use or cause to be used any such Confidential Information, in connection with any activity or business except in the normal course of performing your designated duties for
the Company. You shall not disclose or cause to be disclosed any such Confidential Information to any third parties unless such disclosure has been authorized in writing by the Company or except as may be required by regulatory body or governmental
body. “Confidential Information” is any Company confidential information not generally known to the public, including but not limited to trade secrets, mailing lists, financial information, business plans and/or policies, methods of
operations, customer lists and information, sales and marketing plans, research and development plans, strategic plans, and any other information acquired by your in the course of your employment with the Company that is not readily available to the
public. 
 During the period that you are employed by the Company, and for a period of one (1) year thereafter, regardless of the reason
your employment with the Company terminates, you will not directly or indirectly, either individually or through any entity with which you may become associated, cause, solicit, entice or induce any present or future employee of the Company to leave
the employ of the Company and/or directly hire or directly or indirectly cause, solicit, entice or induce any present or future employee of the Company to become employed or associated in any capacity with a competitor of the Company. 
  

 MORGANS HOTEL GROUP LLC 475 TENTH AVENUE NEW YORK CITY NY 10018 PHONE 212 277 4100 FAX 212 277 4290

 MORGANSHOTELGROUP.COM NEW YORK MIAMI LOS ANGELES SAN FRANCISCO LONDON 

 MORGANS HOTEL GROUP 
  

 Dean Boswell 
 December 26, 2006 
 Page Three 
 All information contained in this letter is confidential. This letter describes, in full, the offer that has been extended to you and supersedes any previous verbal offer that may have been made. 
 Please indicate your acceptance of this offer by signing below and returning the original of this offer letter to me no later than January 2, 2007.

 I would like to take this opportunity to wish you success in your new position, and I look forward to working with you. 
  

	
	Very truly yours,
	
	

	Randy Kwasniewski
	 President
 Morgans Hotel Group-Las
Vegas

  

							
	JOB OFFER ACCEPTED BY:	 		  	The following points to be discussed in good faith upon acceptance of the employment offer:
				
	

	 		  	     a)      
	  	Relocation - A full pack and move relocation, inclusive of automobile transfer and a reasonable time in the hotel to search for suitable living accommodations will be provided by
the Company.
	Dean Boswell	 		  	  
	Date: 12-30-06	 		  	  
		 		  	     b)     
	  	COBRA - The Company will reimburse employee for all interim COBRA coverage during the three month waiting period for comprehensive health and dental care coverage.

  

 MORGANS HOTEL GROUP LLC 475 TENTH AVENUE NEW YORK CITY NY 10018 PHONE 212 277 4100 FAX 212 277 4290

 MORGANSHOTELGROUP.COM NEW YORK MIAMI LOS ANGELES SAN FRANCISCO LONDONSecured Promissory Note

 Exhibit 10.1 
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH,
THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, OR THE APPLICABLE SECURITIES LAWS OF ANY STATE. 
 SECURED PROMISSORY NOTE 

 

			
	$600,000	 	December 14,2007
		 	Clearwater, Florida

 For value received, Digital Lightwave, Inc., a Delaware corporation (the
“Company”), promises to pay to Optel Capital, LLC, a Delaware limited liability company (the “Holder”), or its registered assigns, the principal sum of Six Hundred Thousand Dollars and Zero Cents ($600,000.00).
Interest shall accrue from the date of this Note on the unpaid principal amount at a rate equal to 10.0% per annum, compounded annually. The interest rate shall be computed on the basis of the actual number of days elapsed and a year of 360
days. This Note is subject to the following terms and conditions. 
 1. Maturity. 
 (a) Principal and any accrued but unpaid interest under this Note shall be due and payable upon demand by the Holder at any time after June 30,2008.

 (b) Notwithstanding the foregoing, the entire unpaid principal sum of this Note, together with accrued and unpaid interest thereon, shall
become immediately due and payable upon demand by the Holder at any time on or following the occurrence of any of the following events: 
 (i) the sale of all or substantially all of the Company’s assets, or any merger or consolidation of the Company with or into another corporation; other than a merger or consolidation in which the holders of more than 50% of the shares
of capital stock of the Company outstanding immediately prior to such transaction continue to hold (either by the voting securities remaining outstanding or by their being converted into voting securities of the surviving entity) more than 50% of
the total voting power represented by the voting securities of the Company, or such surviving entity, outstanding immediately after such transaction; 
 (ii) the inability of the Company to pay its debts as they become due; 

 (iii) the dissolution, termination of existence, or appointment of a receiver, trustee or custodian, for
all or any material part of the property of, assignment for the benefit of creditors by, or the commencement of any proceeding by the Company under any reorganization, bankruptcy, arrangement, dissolution or liquidation law or statute of any
jurisdiction, now or in the future in effect; 
 (iv) the execution by the Company of a general assignment for the benefit of creditors;

 (v) the commencement of any proceeding against the Company under any reorganization, bankruptcy, arrangement, dissolution or liquidation
law or statute of any jurisdiction, now or in the future in effect, which is not cured by the dismissal thereof within ninety (90) days after the date commenced; or 
 (vi) the appointment of a receiver or trustee to take possession of the property or assets of the Company. 
 2. Payment; Prepayment. All payments shall be made in lawful money of the United States of America at such place as the Holder hereof may from time to time designate in writing to the Company. Payment shall be credited first
to the accrued interest then due and payable and the remainder applied to principal. Prepayment of this Note may be made at any time without penalty. 
 3. Transfer; Successors and Assigns. The terms and conditions of this Note shall inure to the benefit of and be binding upon the respective successors and assigns of the parties. This Note may be
transferred only upon surrender of the original Note for registration of transfer, duly endorsed, or accompanied by a duly executed written instrument of transfer in form satisfactory to the Company. Thereupon, a new note for the same principal
amount and accrued interest will be issued to, and registered in the name of, the transferee. Interest and principal are payable only to the registered holder of this Note. 
 4. Governing Law. This Note and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be
governed, construed and interpreted in accordance with the laws of the State of Florida, without giving effect to principles of conflicts of law. 
 5. Notices. Any notice required or permitted by this Agreement shall be in writing and shall be deemed sufficient upon receipt, when delivered personally or by courier, overnight delivery service or confirmed facsimile, or 48
hours after being deposited in the U.S. mail as certified or registered mail with postage prepaid, if such notice is addressed to the party to be notified at such party’s address or facsimile number as set forth below or as subsequently
modified by written notice. 
 6. Amendments and Waivers. Any term of this Note may be amended only with the written consent of
the Company and the Holder. Any amendment or waiver effected in accordance with this Section 6 shall be binding upon the Company, each Holder and each transferee of this Note. 
  

 -2- 

 7. Officers and Directors Not Liable. In no event shall any officer or director of the
Company be liable for any amounts due or payable pursuant to this Note. 
 8. Security Interest. This Note is secured by all of
the assets of the Company in accordance with the Twenty Second Amended and Restated Security Agreement by and between the Company and the Holder dated as of September 16, 2004 (the “Security Agreement”). In case of an Event of
Default (as defined in the Security Agreement), the Holder shall have the rights set forth in the Security Agreement. 
 9.
Counterparts. This Note may be executed in any number of counterparts, each of which will be deemed to be an original and all of which together will constitute a single agreement. 
 10. Action to Collect on Note. If action is instituted to collect on this Note, the Company promises to pay all costs and expenses,
including reasonable attorney’s fees, incurred in connection with such action. 
 11. Loss of Note. Upon receipt by the
Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this Note or any Note exchanged for it, and indemnity satisfactory to the Company (in case of loss, theft or destruction) or surrender and cancellation of such
Note (in the case of mutilation), the Company will make and deliver in lieu of such Note a new Note of like tenor. 
 [Remainder of this
page intentionally left blank.] 
  

 -3- 

 This Note was entered into as of the date set forth above. 
  

			
	COMPANY:
	
	DIGITAL LIGHTWAVE, INC.
		
	By:	 	 /s/ Kenneth T. Myers

		 	Kenneth T. Myers
		 	President and Chief Executive Officer

  

			
	AGREED TO AND ACCEPTED:
	
	OPTEL CAPITAL, LLC
		
	By:	 	 /s/ Al Zwan

	Name:	 	Al Zwan (Print)
	Title:	 	President

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