Document:

<PAGE>

                                                                   Exhibit 10.93

                    GENERAL RELEASE AND SETTLEMENT AGREEMENT

          This General Release and Settlement Agreement (hereinafter
"Agreement") is made and entered into in Campbell, California by and between
James J. Sobczak (hereinafter "EMPLOYEE") and P-Com, Inc. (hereinafter
"EMPLOYER") on April ,   2002 as of January 10, 2002. (EMPLOYEE and EMPLOYER are
                      --
sometimes hereinafter referred to collectively as the "Parties.")

                                    RECITALS

     A. EMPLOYEE was for a period of time an employee and member of the Board of
Directors of EMPLOYER;

     B. EMPLOYEE's employment with EMPLOYER terminated January 10, 2002 and
EMPLOYEE's resignation from the Board of Directors of EMPLOYER was effective
January 10, 2002;

     C. EMPLOYEE and EMPLOYER agree that EMPLOYEE has already been paid in full
all amounts due to him for salary and Paid Time Off accrued through January 10,
2002;

     D. EMPLOYEE and EMPLOYER wish to resolve permanently and amicably any and
all disputes arising or which may ever arise out of EMPLOYEE's employment with
and membership of the Board of Directors of EMPLOYER.

     NOW, THEREFORE, for and in consideration of the mutual agreements contained
in the following paragraphs, EMPLOYER and EMPLOYEE agree as follows:

     1. Additional Benefits. EMPLOYER agrees to give to EMPLOYEE the following
consideration:

          a. Payments equivalent to a continuation of his salary, at the rate of
$[*] per annum (less applicable employee contributions for health insurance and
employment and income tax withholding) in equal installments, from January 12,
2002 through July 10, 2003. Such payments shall be made on the dates of
EMPLOYER's standard biweekly salary payment dates. If any such payment date has
passed before this Agreement is signed, the missed payment or payments shall be
made on or before the following standard biweekly salary payment date. The
payments called for by this subsection (a) [*]. However, any of these payments
will immediately terminate in the event you fail to abide by the obligations in
Section 2 of this Agreement.

          b. If approved by the Board of Directors of EMPLOYER following the end
of the calendar year 2002, your annual target bonus for 2002 pro rated as of
January 10, 2002.

          [*] Confidential treatment requested

<PAGE>

          c. The parties acknowledge that EMPLOYEE is indebted to EMPLOYER in
the amount of $250,000 as evidenced by that certain Promissory Note dated May 3,
2000 issued by EMPLOYEE in favor of EMPLOYER. EMPLOYER and EMPLOYEE have agreed
to modify the principle amount and EMPLOYEE's terms of repayment of the May 3,
200 Promissory Note as evidenced by the new note attached hereto and executed of
even date herewith (the "April 2002 Promissory Note"). [*]

          d. EMPLOYER shall pay on EMPLOYEE's behalf, for the period from
January 12, 2002 through [*], the required premium (less employee contribution)
for COBRA benefits coverage for EMPLOYEE and eligible dependents at the same
level of COBRA-eligible benefits (exclusive of any supplemental benefits which
in the past were purchased with voluntary cafeteria plan contributions) as
EMPLOYEE and eligible dependents had had on January 11, 2002. (With respect to
supplemental benefits which have in the past been purchased with voluntary
cafeteria plan contributions, EMPLOYEE shall have the right, at his own
discretion and expense, to continue to fund them under COBRA. If EMPLOYEE
wishes, he may make such COBRA payments directly to EMPLOYER. In the
alternative, he may make such COBRA payments through voluntary cafeteria plan
contributions made between January 12, 2002 and [*], but only if (i) EMPLOYER's
cafeteria plan does not prohibit such continued contributions and (ii) the
contributions are made at EMPLOYEE's express request by deduction from the
subsection (a) biweekly payments. However, it is acknowledged that any such
voluntary cafeteria plan contributions made between January 12, 2002 and [*]
shall not be tax deductible by EMPLOYEE under Internal Revenue Code Section
125.) Nonetheless, if before [*] EMPLOYEE commences new employment with
equivalent or better benefits coverage, he agrees to inform EMPLOYER
immediately, and thereafter EMPLOYER shall no longer be required to make the
payments called for by this subsection (c). It is agreed that after EMPLOYER's
payments under this subsection (c) end, EMPLOYEE shall have the right, at his
own discretion, expense and risk to continue or not to continue his and eligible
dependents' COBRA benefits through [*] , as provided by law. It is acknowledged
that EMPLOYEE cannot contribute to EMPLOYER's 401(k) plan or participate in
EMPLOYER's employee stock purchase plan after January 10, 2002.

          e. Notwithstanding the cessation of EMPLOYEE's service, EMPLOYEE's (i)
unvested options to purchase common stock of EMPLOYER shall continue to vest and
(ii) those options in (i) plus options already vested as of January 10, 2002,
shall be exercisable in accordance with EMPLOYERS 1995 Stock Option/Stock
Issuance Plan from January 10, 2002, through [*]. EMPLOYEE does not hold or have
any right to receive any other EMPLOYER stock options, or have any right to
receive any other EMPLOYER stock.

          [*] Confidential treatment requested

<PAGE>

     2. Secrecy and Non-disparagement. EMPLOYEE promises and agrees that, unless
compelled by legal process or otherwise required by law, EMPLOYEE will not
disclose to others and will keep confidential the terms of this Agreement,
including the amounts referred to in this Agreement, except that EMPLOYEE may
disclose this information to EMPLOYEE's spouse and to EMPLOYEE's attorneys,
accountants and other professional advisors to whom the disclosure is necessary
to accomplish the purposes for which EMPLOYEE has consulted such professional
advisors. EMPLOYEE expressly promises and agrees that EMPLOYEE will not disclose
to any future, present or former employees of EMPLOYER the terms of this
Agreement. The Parties acknowledge that EMPLOYER's policy with respect to
references is to solely give dates of service. EMPLOYER shall continue this
policy with respect to reference requests on behalf of EMPLOYEE. EMPLOYER agrees
not to make any statements about EMPLOYEE which are decrying or disparaging.
EMPLOYEE further agrees not to make any statements about EMPLOYER or its
management which are decrying or disparaging.

     3. Definition of "Claims". For purposes of this Agreement, "Claims" shall
mean any and all manner of action or actions, cause or causes of action, in law
or in equity, suits, debts, liens, contracts, agreements, promises, liabilities,
claims, demands, losses, settlements, judgments, costs, or expenses of any
nature whatsoever, whether known or unknown, fixed or contingent, which
heretofore have existed or now exist or may in the future exist, all to the
extent arising out of, relating to or based upon EMPLOYEE's employment with
EMPLOYER or the cessation or termination of that employment; provided, however,
that "Claims" shall not include matters relating to the indemnification
provisions of EMPLOYER's certificate of incorporation, bylaws or other similar
corporate documents or any indemnification otherwise provided by law; and
provided further that "Claims" shall not include matters relating to EMPLOYEE's
rights under or arising out of this Agreement.

     4. EMPLOYEE Release.

          a. Release. EMPLOYEE, for EMPLOYEE and for EMPLOYEE's relatives,
spouse, legal representatives, agents, attorneys, heirs, executors,
administrators, assigns and affiliates, past and present and future, and each of
them, does hereby fully and forever release and discharge EMPLOYER and each of
EMPLOYER's present and former shareholders, parents, subsidiaries, related
entities, predecessors, successors, officers, directors, employees, agents,
attorneys, partners, affiliates and assigns (collectively with EMPLOYER, the
"Primary EMPLOYER Releasees"), and each of them, and the Primary EMPLOYER
Releasees' spouses, relatives, heirs, executors, administrators, legal
representatives, officers, directors, employees, agents, attorneys,
predecessors, successors, assigns, shareholders, partners, parents,
subsidiaries, related entities and affiliates, past and present, and all persons
acting by, through, under, or in concert with them, or any of them
(collectively, together with the Primary EMPLOYER Releasees, the "EMPLOYER
Releasees"), with respect to any and all Claims which EMPLOYEE now has or may
hereafter have against the EMPLOYER Releasees, or any of them, by reason of any
matter, cause or thing whatsoever from the beginning of time to the date hereof.

          [*] Confidential treatment requested

<PAGE>

(It is expressly agreed that EMPLOYEE's rights under the agreements, instruments
and laws expressly identified in Section 3 and Section 11 as not being part of
"Claims" or superseded are not released hereunder.) The Parties specifically
understand, acknowledge and agree that this is a full and final release,
applying to all of EMPLOYEE's Claims, whether known or unknown, against the
EMPLOYER Releasees, or any of them. EMPLOYEE understands and agrees that
EMPLOYEE is waiving any rights EMPLOYEE may have had, now has, or in the future
may have to pursue any and all remedies available to EMPLOYEE under any
employment-related causes of action, including without limitation, claims of
wrongful discharge, breach of contract, claims under Title VII of the 1964 Civil
Rights Act, as amended, the California Fair Employment and Housing Act, the
Equal Pay Act of 1963, California Labor Code Section 1197.5, the Age
Discrimination in Employment Act of 1967, the Civil Rights Act of 1866, the
Americans with Disabilities Act, and any other laws and regulations relating to
employment or employment discrimination. EMPLOYEE hereby expressly and
voluntarily waives all rights or benefits that EMPLOYEE might otherwise have
under the provisions of Section 1542 of the Civil Code of the State of
California, which provides as follows, and under all federal, state and/or
common-law statutes or principles of similar effect:

          A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES
NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE,
WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE
DEBTOR.

This Agreement is in full accord, satisfaction and discharge of all of
EMPLOYEE's Claims against the EMPLOYER Releasees, or any of them. This Agreement
has been executed with the express intention of effectuating the full and final
extinguishment of all such Claims.

          b. No Suit or Cooperation. EMPLOYEE represents, warrants, covenants
and agrees that EMPLOYEE will not, at any time hereafter, initiate, assign,
maintain or prosecute, or knowingly aid in the initiation, assignment,
maintenance or prosecution of any action, claim, demand or cause of action
against the EMPLOYER Releasees, or any of them (or against any other person or
entity, if such action, claim, demand or cause of action materially adversely
affects or might materially adversely affect EMPLOYER), arising from, or
relating to, or in any way connected with any matter which occurred before today
(including without limitation all Claims and the pending or any future class
action litigation). EMPLOYEE further represents and warrants that neither
EMPLOYEE nor EMPLOYEE's relatives, spouse, legal representatives, agents,
attorneys, assigns or affiliates, past or present, has instituted any action or
claim against the EMPLOYER Releasees, or any of them, with respect to any
matter. EMPLOYEE agrees that if EMPLOYEE violates this Section 4.b in any manner
or in any manner asserts against the EMPLOYER Releasees, or any of them, any of
the Claims released hereunder, then EMPLOYEE will pay to the EMPLOYER Releasees,
and each of them, in addition to any other damages caused to the EMPLOYER
Releasees thereby, all attorneys' fees incurred by the EMPLOYER Releasees in
defending or otherwise responding to said action, etc. or Claim.

          [*] Confidential treatment requested

<PAGE>

          c. No Prior Assignments. EMPLOYEE represents and warrants that there
has been no assignment or other transfer of any interest in any Claim which
EMPLOYEE may have against the EMPLOYER Releasees, or any of them, and EMPLOYEE
agrees to defend, indemnify and hold the EMPLOYER Releasees, and each of them,
harmless from any liability, claims, demands, damages, costs, expenses and
attorneys' fees incurred by the EMPLOYER Releasees, or any of them, as a result
of any person asserting any such assignment or transfer. It is the intention of
the Parties that this indemnity does not require payment as a condition
precedent to recovery by the EMPLOYER Releasees under the indemnity, and that
this indemnity shall be payable as incurred and on demand.

          d. Denial of Liability and Obligation. This Agreement is not intended
to and shall not constitute any admission or concession of any kind by EMPLOYER
or any other person as to the existence of any liability or obligation to
EMPLOYEE under any Claim. The EMPLOYER Releasees specifically deny the existence
of any such liability or obligation to EMPLOYEE.

     5. Full Defense. It is specifically understood and agreed that this
Agreement may be pleaded as a full and complete defense to and may be used as
the basis for an injunction against any action, arbitration, suit, or other
proceeding which may be instituted, prosecuted or attempted in breach of this
Agreement.

     6. Assumption of Risk as to Facts. The Parties both understand that if the
facts with respect to which they are executing this Agreement are later found to
be other than or different from the facts both or either of them now believe to
be true, they expressly accept and assume the risk of such possible difference
in fact and agree that this Agreement shall remain effective despite any
difference of fact.

     7. Resignation. EMPLOYEE hereby confirms his resignation, effective January
10, 2002, as an employee and from all positions as an officer of EMPLOYER and
any and all of its direct and indirect subsidiaries, and his resignation,
January 10, 2002, as a member of the Board of Director's of EMPLOYER.

     8. Consultation. EMPLOYEE agrees to provide consultation and advice to
EMPLOYER at mutually acceptable times and locations in connection with the
transition period until EMPLOYEE's successor is well established, or in
connection with any acquisition of EMPLOYER; but in no event shall EMPLOYEE be
required to provide consultation and advice to such an extent that it interferes
with any new employment that he has, nor in any event after [*].

     9. No Outside Representations. No representation, warranty, condition,
promise, understanding or agreement of any kind with respect to the subject
matter hereof has been made by any Party, nor shall any such be relied upon by
any Party, except those contained herein. There were no inducements to enter
into this Agreement, except for what is expressly set forth in this Agreement.

     [*] Confidential treatment requested

<PAGE>

     10. Benefit. This Agreement shall inure to the benefit of and be binding
upon the Parties and the Parties' respective spouse, agents, relatives,
employees, officers, directors, shareholders, parents, subsidiaries, related
entities, affiliates, attorneys, partners, legal representatives, heirs,
executors, administrators, successors and assigns.

     11. Entire Agreement. This Agreement represents and contains the entire
agreement and understanding between the Parties with respect to the subject
matter of this Agreement (which is deemed to include, without limitation,
EMPLOYEE's employment with EMPLOYER, all rights and benefits in connection
therewith, all written or oral contracts relating thereto, and all matters
relating to the cessation or termination of such employment), and supersedes any
and all prior or contemporaneous oral and written negotiations, agreements and
understandings. (The Parties hereby confirm that this Agreement does not in any
way supersede the written Proprietary Information and Inventions Agreement dated
September 8, 1999 between EMPLOYER and EMPLOYEE, nor does it supersede the
indemnification provisions of EMPLOYER's certificate of incorporation, bylaws or
other similar corporate documents or any indemnification otherwise provided by
law, nor does it supersede any written agreement by EMPLOYEE to comply with
EMPLOYER policies.) This Agreement may not be amended or modified or waived
except by an agreement signed by both Parties.

     12. Counterparts. This Agreement may be executed in counterparts, each of
which shall be deemed an original, and all of which together shall be deemed one
and the same instrument.

     13. Severability. All provisions contained herein are severable and in the
event that any of them shall be held to be to any extent invalid or otherwise
unenforceable by any court of competent jurisdiction, such provision shall be
construed as if it were written so as to effectuate to the greatest possible
extent the Parties' expressed intent; and in every case the remainder of this
Agreement shall not be affected thereby and shall remain valid and enforceable,
as if such affected provision were not contained herein.

     14. California Law. This Agreement is made pursuant to, and shall be
governed by, the internal laws of the State of California.

     15. Tax Consequences. EMPLOYER shall have no obligation to EMPLOYEE with
respect to any tax obligations incurred as the result of or attributable to this
Agreement or arising from any payments made or to be made hereunder. Any
payments made pursuant to this Agreement shall be subject to such withholding
and reports as may be required by any then-applicable laws or regulations of any
state or federal taxing authority.

     [*] Confidential treatment requested

<PAGE>

     16. Waiver. No waiver of any provision of this Agreement shall be binding
unless and until set forth expressly in writing and signed by the waiving Party.
The waiver by any Party of a breach of any provision of this Agreement shall not
operate or be construed as a waiver of any preceding or succeeding breach of the
same or any other term or provision, or a waiver of any contemporaneous breach
of any other term or provision, or a continuing waiver of the same or any other
term or provision. No failure or delay by a Party in exercising any right,
power, or privilege hereunder or other conduct by a Party shall operate as a
waiver thereof, in the particular case or in any past or future case, and no
single or partial exercise thereof shall preclude the full exercise or further
exercise of any right, power, or privilege. No action taken pursuant to this
Agreement shall be deemed to constitute a waiver by the Party taking such action
of compliance with any representations, warranties, covenants or agreements
contained herein.

     17. Drafting Party. The provisions of this Agreement have been prepared,
examined, negotiated and revised by each Party hereto. No implication shall be
drawn and no provision shall be construed against any Party by virtue of the
purported identity of the drafter of this Agreement, or any portion thereof.

     18. Headings. Section headings are inserted herein for convenience of
reference only and in no way are to be construed to define, limit or affect the
construction or interpretation of the terms of this Agreement.

     19. No Coercion. EMPLOYEE acknowledges that EMPLOYEE received this
Agreement on or before January 16, 2002, and was given at least twenty-one (21)
days before he signed this Agreement in which to consider this Agreement
(including EMPLOYEE's waivers made in this Agreement). EMPLOYEE acknowledges
that EMPLOYEE has read and understands this Agreement, and that EMPLOYEE has
been encouraged to and has had the opportunity to consult an attorney and obtain
independent legal advice regarding this Agreement. EMPLOYEE has not been coerced
into signing this Agreement and is entering into this Agreement voluntarily and
of EMPLOYEE's own free will. EMPLOYEE further acknowledges that the waivers
EMPLOYEE has made in this Agreement are knowing, conscious and voluntary and are
made with full appreciation that EMPLOYEE is forever foreclosed from pursuing
any of the rights so waived.

     20. Temporary Right to Revoke. EMPLOYEE understands that for a period of
seven (7) days after signing this Agreement EMPLOYEE has the right to revoke it
and that this Agreement shall not become effective or enforceable until after
those seven (7) days.

     IN WITNESS WHEREOF, the Parties have executed and delivered this General
Release and Settlement Agreement effective as of January    , 2002.
                                                         ---

     [*] Confidential treatment requested

<PAGE>

                                         ---------------------------------------
                                         EMPLOYEE

                                         P-COM, INC.

                                         By:
                                            ------------------------------------
                                            Chairman and Chief Executive Officer

     [*] Confidential treatment requested

<PAGE>

     PROMISSORY NOTE

                                                          Date: April     , 2002
                                                                      ----

     $100,000

          Promise to Pay. FOR VALUE RECEIVED, James Sobczak, an individual
     residing in the State of California (the "Borrower"), promises to pay to
     the order of P-COM, INC. (the "Holder") the principal sum of One Hundred
     Thousand Dollars and 00/100 ($100,000), without interest thereon, payable
     in twelve (12) equal installments of $8,333.33, commencing on July 10, 2003
     and on the tenth day of each month thereafter (or next business day if the
     tenth day is not a business day) until paid in full. Borrower agrees that
     time is of the essence and if this Note is not paid when due, whether at
     stated maturity or by acceleration, interest shall then accrue on the
     unpaid principal of this Note at the rate of twelve percent (12%) per
     annum, compounded monthly during such period of default for so long as such
     event of default continues. The principal and interest represented by this
     Note shall be payable in immediately available fund in lawful money of the
     United States which shall be legal tender for public and private debts at
     the time of payment. All payments hereunder shall be payable to the order
     of Holder at 3175 S. Winchester Boulevard, Campbell, California 95008, or
     to such person as shall be designated in writing from time to time by
     Holder. Payments received by Holder shall be applied first to the
     collection expenses incurred by Holder, then to interest, if any, and the
     balance, to principal.

          Prepayment. Borrower may prepay without permission or penalty all or
     any portion of the principal balance of this Note.

          Costs. Borrower promises to pay all costs incurred by Holder in the
     collection of this Note, including but not limited to reasonable attorneys'
     fees and expenses.

          Default Borrower shall be in default (an "Event of Default") under
     this Note on the occurrence of any of the following: (a) non-payment of any
     principal amount when due under this Note; (b) Borrower (i) admitting
     insolvency or an inability to pay her debts as they mature, (ii) making a
     general assignment for the benefit of creditors, (iii) commencing a case
     under or otherwise seeking to take advantage of any bankruptcy,
     reorganization, insolvency, readjustment of debt, dissolution or
     liquidation law, statute or proceeding, (iv) by any act indicating his
     consent to, approval of or acquiescence in any such proceeding or the
     appointment of any receiver of or trustee for her or a substantial part of
     her property or suffering any such receivership, trusteeship or proceeding
     to continue without dismissal for a period of thirty (30) days, or (v)
     becoming a debtor in any case under any chapter of the applicable
     Bankruptcy Code; (c) the occurrence of a material adverse change in the
     financial condition of Borrower which is not cured within ten (10) days of
     the date of notice from Holder to Borrower with respect to such occurrence;
     (d) the death of the undersigned. Upon the occurrence of any Event of
     Default, the Holder, at its sole option, may accelerate the due date of and
     declare the unpaid balance of this Note to be immediately due and payable
     without notice, presentation, demand of payment or protest, all of which
     are hereby expressly waived by the Borrower.

          Remedies. BORROWER HEREBY EXPRESSLY WAIVES ANY RIGHT TO A TRIAL BY
     JURY IN CONNECTION WITH ANY SUIT BROUGHT UNDER THIS NOTE BY HOLDER.
     Borrower hereby (i) agrees to waive any and all lack of diligence or delays
     in the collection or enforcement hereof and (ii) expressly consents to any
     extension of time for payment of this Note and

<PAGE>

     any other indulgence or forbearance by Holder. Any such extension, release,
     substitution, indulgence, or forbearance may be made without notice to any
     party and without in any way affecting the personal liability of any party
     liable hereon. Borrower waives notice, demand for payment and presentment.

          Notice. Any notice or legal process or summons to Borrower where
     provided for in this Note shall be given by mailing such notice by
     certified mail, return receipt requested, to Borrower at 1110 Petrini Way,
     San Jose, California 95120 or to such other address Borrower may designate
     by written notice to Holder hereof. Any notice to the Holder hereof shall
     be given by mailing such notice by certified mail, return receipt
     requested, to the Holder at 3175 S. Winchester Boulevard, Campbell,
     California 95008, or at such other address as may have been designated by
     written notice to Borrower.

          Miscellaneous. This Note shall be binding upon Borrower and his heirs
     and successors and shall inure to the benefit of Holder and its successors
     and assigns. Any modifications to this Note shall be in writing and signed
     by the Borrower and the Holder. This Note is executed and delivered in and
     shall be governed by and construed in accordance with the laws of the State
     of California. Borrower hereby consents to the in personam jurisdiction of
     any court sitting in Santa Clara County. In the event that any particular
     provision contained herein is determined to be invalid, whether in whole or
     in part, the remaining provisions hereof otherwise not invalid and any
     partially valid provision to the extent valid or enforceable shall continue
     in full force and effect. Any reference herein to the singular shall
     include the plural, any reference to the masculine shall include the
     feminine gender, and any reference to "it" shall include "his," or vice
     versa, as the case may be.

          IN WITNESS WHEREOF, the undersigned, with full power and authority to
     do so, has caused these presents to be executed and delivered on the day
     and year first above written.

      ATTEST:                                         BORROWER:

      ---------------------------                     --------------------------
      Name:                                           JAMES SOBCZAK
      Title:<PAGE>

                                                                   Exhibit 10.94

[LOGO]PCOM

--------------------------------------------------------------------------------

                                  April 8, 2002

Ms. Caroline Baldwin Kahl
Vice President and General Counsel
P-Com, Inc.
3175 South Winchester Boulevard
Campbell, CA 95008

Dear Caroline:

     I am pleased to inform you that on January 30, 2002 the Board of Directors
of P-Com, Inc. (the "Company") authorized me to offer a special benefit program
to you and certain other key executives. The purpose of this letter agreement is
to set forth the terms and conditions of your benefit package and to explain the
limitations which will govern the overall value of your benefits.

          1. Severance Benefits. You shall become entitled to receive the
following severance benefits if your employment with the Company terminates by
reason of an Involuntary Termination:

               a. Salary Continuation Payments. You shall be entitled to salary
continuation payments in an aggregate amount equal to the greater of [*]. Such
salary continuation payments shall be paid in a series of successive equal
biweekly installments over the twelve (12)-month period measured from the date
of your Involuntary Termination and shall be subject to the Company's collection
of all applicable Federal, State and local income and employment withholding
taxes.

               b. Options. Notwithstanding your Involuntary Termination, your
(i) unvested options to purchase common stock of the Company shall continue to
vest and (ii) such options plus options already vested but unexercised as of the
date of your Involuntary Termination, shall continue to be exercisable in
accordance with the Company's 1995 Stock Option/Stock Issuance Plan from the
date of Involuntary Termination [*]. You shall not have any right to receive any
other Company stock options, or have any right to receive any other Company
stock after the date of your Involuntary Termination.

               c. Unpaid Benefits. You will receive a lump sum payment of all
unpaid vacation days that you have accrued through the date of your Involuntary
Termination. Such payment shall be made to you within fifteen (15) days after
the date of such Involuntary Termination, subject to the Company's collection of
all applicable Federal, State and local income and employment withholding taxes.

[*] Confidential treatment requested

<PAGE>

Ms. Caroline Baldwin Kahl
Page 2

          2.   Limitation of Severance Benefits.

               (a) Source of Benefit. The severance benefits to which you may
become entitled under of this Agreement are the only severance benefits to which
you are entitled upon the termination of your employment with the Company, and
no other severance benefits shall be provided to you by the Company pursuant to
any other severance plan or program of the Company.

               (b) Termination for Cause. In the event your employment hereunder
is terminated for cause, no severance benefits shall be provided to you under
this Agreement.

          3. Indemnification. The indemnification provisions for officers and
directors under the Company certificate of incorporation, indemnification
agreement, Bylaws and insurance policies will (to the maximum extent permitted
by law) be extended to you with respect to any and all matters, events or
transactions occurring or effected during your employment with the Company.

          4. General Creditor Status. The payments and benefits to which you
become entitled hereunder will be paid, when due, from the general assets of the
Company, and no trust fund, escrow arrangement or other segregated account will
be established as a funding vehicle for such payment. Accordingly, your right
(or the right of the personal representatives or beneficiaries of your estate)
to receive any payments or benefits hereunder will at all times be that of a
general creditor of the Company and will have no priority over the claims of
other general creditors.

          5. Definitions. Involuntary Termination means the termination of your
employment with the Company (or successor):

     (i) involuntarily upon your discharge or dismissal,

     (ii) voluntarily upon your resignation following (a) a change in the level
of management to which you report, (b) a reduction in your level of compensation
(including base salary, fringe benefits and target bonus under any incentive
performance plan) other than a reduction made in connection with a company-wide
expense reduction or (c) a change in your place of employment which is more than
fifty (50) miles from your place of employment, provided and only if such change
or reduction is effected without your written concurrence, or

     (iii) by reason of your death or disability.

[*]  Confidential treatment requested

<PAGE>

Ms. Caroline Baldwin Kahl
Page 3

          5. Miscellaneous. This letter agreement will be binding upon the
Company, its successors and assigns (including, without limitation, the
surviving entity in any change in control transaction) and is to be construed
and interpreted under the laws of the State of California. Except as set forth
herein, this letter agreement supersedes all prior agreements between you and
the Company relating to the subject of severance benefits payable upon
Involuntary Termination, including the Company's 1995 Stock Option/Stock
Issuance Plan and

the agreements evidencing the options issued thereunder, and may only be amended
by written instrument signed by you and an authorized officer of the Company. If
any provision of this letter agreement as applied to any party or to any
circumstance should be adjudged by a court of competent jurisdiction to be void
or unenforceable for any reason, the invalidity of that provision will in no way
affect (to the maximum extent permissible by law) the application of such
provision under circumstances different from those adjudicated by the court, the
application of any other provision of this letter agreement, or the
enforceability or invalidity of this letter agreement as a whole. Should any
provision of this letter agreement become or be deemed invalid, illegal or
unenforceable in any jurisdiction by reason of the scope, extent or duration of
its coverage, then such provision will be deemed amended to the extent necessary
to conform to applicable law so as to be valid and enforceable or, if such
provision cannot be so amended without materially altering the intention of the
parties, then such provision will be stricken and the remainder of this letter
agreement will continue in full force and effect.

          7. Independent Legal Counsel. By executing this letter agreement, you
acknowledge that you have had an opportunity to seek advice from your own legal
counsel with respect to the matters contained herein.

     Please indicate your acceptance of the foregoing provisions of this letter
agreement by signing the enclosed copy of this agreement and returning it to the
Company.

P-COM, INC.:                                  ACCEPTANCE:

Signature: /s/ George P. Roberts              Signature: /s/ Caroline B. Kahl
          --------------------------                    ------------------------
George P. Roberts                             Caroline Baldwin Kahl
Chairman and Chief Executive Officer

[*] Confidential treatment requested

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00042-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00042-of-00352.parquet"}]]