Document:

Prepared by MERRILL CORPORATION

EXHIBIT 10.22  

[HEARME LETTERHEAD]  

September
20, 2001 

James
Schmidt

HearMe 

Dear
Jim, 

    This
letter documents decisions made by the HearMe Board of Directors with regard to your compensation during this challenging period of shutting down the Company. The goal of the
Board of Directors is two-fold: 1) to retain you as the best person for the job of shutting down the Company in the hopes of providing the best possible return to the shareholders,
and 2) to provide you an incentive to maximize the return to shareholders. 

    The
changes to your compensation are as follows: 

	•
	Your
base salary will increase from $233,000 per year to $250,000 (subject to applicable tax withholdings) per year effective as of August 24, 2001.

	•
	Your
$150,000 retention bonus, reflected in the letter agreement between you and HearMe dated June 19, 2001 (the "June Letter"), will be paid out in
$10,000 increments (subject to applicable tax withholding) on a weekly basis beginning August 24, 2001. This means that this bonus, rather than being payable in full based upon your remaining
an employee in good standing with HearMe through
November 30, 2001, will become payable incrementally as described in the preceding sentence assuming you remain an employee in good standing on each successive payment date. As stated in the
June Letter, you will be entitled to the full amount of this bonus if (1) the Company undergoes a Change of Control (as defined in the June Letter) that closes prior to November 30, 2001
(in which case, you will receive any then-unpaid portion on the closing date of such transaction), or (2) the Company terminates your employment without Cause (as defined in the
June Letter) prior to November 30, 2001 (in which case, you will receive any then-unpaid portion on the last day of your employment). If your employment terminates prior to
November 30, 2001 under any circumstances other than the Company's terminating your employment without Cause, you will forfeit any portion of the bonus that remains unpaid following the final
date of your employment.

	•
	You
will be entitled to an additional cash bonus (which will be subject to applicable taxes and withholding) to be paid from the total cash in excess of
$1.5 Million available for distribution to stockholders in connection with the liquidation of HearMe pursuant to Plan of Liquidation and Dissolution approved by the HearMe Board on
August 10, 2001 (the "Liquidation"), after all obligations of the Company are met (the "Distributable Excess Assets"). Your bonus will equal to 5% of the Distributable Excess Assets and payment
of this bonus (or proportionate amounts of this bonus) will be made to you at the same time distributions from the Distributable Excess Assets are made to the stockholders. If your employment
terminates prior to any distribution date related to the Liquidation under any circumstances other than the Company's terminating your employment without Cause, you will forfeit any portion of this
bonus relating to distributions following the final date of your employment. If the Company terminates your employment without Cause (including, but not limited to, in connection with the retention of
a liquidation management company or the transfer of the Company's assets to a liquidating trust), you will continue to be entitled to the proportionate amount of this bonus on each distribution date
related to the Liquidation. To the extent it is necessary to make any determination as to the amount of the Distributable Excess Assets, the Board of Directors or its Compensation Committee will make
such determination in good faith and such determination will be binding upon you. 

	•
	By
way of example, pursuant to the foregoing paragraph, if an aggregate of $5,000,000 were available for distribution to stockholders pursuant to the
Liquidation, then (i) the stockholders would receive the initial $1,500,000, (ii) the Distributable Excess Assets would equal $3,500,000, (iii) you would receive a bonus (less
applicable withholding) of $175,000 and (iv) the stockholders would receive the remaining Distributable Excess Assets after payment of all similar bonus payments. 

    You
understand that your employment continues at all times to be on an at-will basis. 

    Jim,
I personally want to thank you for your commitment and dedication in your tasks. Throughout your time with HearMe, as during our past working relationships, you have consistently
performed at the highest level of integrity and professionalism. 

	Sincerely,	 	 	 	 
	

/s/ PAUL MATTEUCCI   	
 	

 	
 	

 
	

Paul Matteucci

Chairman	
 	

 	
 	

 
	

AGREED AND ACCEPTED:	
 	

 	
 	

 
	

/s/ JAMES SCHMIDT   
 James Schmidt	
 	

21-SEP-01
 DatePrepared by MERRILL CORPORATION

EXHIBIT 10.23  

[HEARME LETTERHEAD]  

September
10, 2001 

John
Theodorakis

HearMe 

Dear
John, 

    This
letter documents decisions made by the HearMe Board of Directors with regard to your compensation during this challenging period of shutting down the Company. The goal of the
Board of Directors is two-fold: 1) to retain you as the best person for the job, i.e., handling the legal aspects of our customer contracts in the hopes of providing the best
possible return to the shareholders, and 2) to provide you an incentive to maximize the return to shareholders. 

    You
will be entitled to an additional cash bonus (which will be subject to applicable taxes and withholding) to be paid from the total cash in excess of $1.5 Million available
for distribution to stockholders in connection with the liquidation of HearMe pursuant to Plan of Liquidation and Dissolution approved by the HearMe Board on August 10, 2001 (the
"Liquidation"), after all obligations of the Company are met (the "Distributable Excess Assets"). Your bonus will equal to 1% of the Distributable Excess Assets and payment of this bonus (or
proportionate amounts of this bonus) will be made to you at the same time distributions from the Distributable Excess Assets are made to the stockholders. If your employment terminates prior to any
distribution date related to the Liquidation under any circumstances other than the Company's terminating your employment without Cause, you will forfeit any portion of this bonus relating to
distributions following the final date of your employment. If the Company terminates your employment without Cause (including, but not limited to, in connection with the retention of a liquidation
management company or the transfer of the Company's assets to a liquidating trust), you will continue to be entitled to the proportionate amount
of this bonus on each distribution date related to the Liquidation. To the extent it is necessary to make any determination as to the amount of the Distributable Excess Assets, the Board of Directors
or its Compensation Committee will make such determination in good faith and such determination will be binding upon you. 

    By
way of example, pursuant to the foregoing paragraph, if an aggregate of $5,000,000 were available for distribution to stockholders pursuant to the Liquidation, then (i) the
stockholders would receive the initial $1,500,000, (ii) the Distributable Excess Assets would equal $3,500,000, (iii) you would receive a bonus (less applicable withholding) of $35,000
and (iv) the stockholders would receive the remaining Distributable Excess Assets after payment of all similar bonus payments. 

    You
understand that your employment continues at all times to be on an at-will basis. 

    John, I personally want to thank you for your commitment and dedication in your tasks. Throughout your time with HearMe you have consistently demonstrated that you have an eye for
detail and an ability to find creative solutions that suits you well for the challenges ahead. 

	Sincerely,	 	 	 	 
	

/s/ JAMES SCHMIDT   	
 	

10-SEP-2001	
 	

 
	

James Schmidt

CEO	
 	

 	
 	

 
	

AGREED TO AND ACCEPTED:	
 	

 	
 	

 
	

/s/ JOHN THEODORAKIS   
 John Theodorakis	
 	

September 10, 2001
 DatePrepared by MERRILL CORPORATION

EXHIBIT 10.24  

[HEARME LETTERHEAD]  

September
10, 2001 

Michael
Cottle

HearMe 

Dear
Mike, 

    This
letter documents decisions made by the HearMe Board of Directors with regard to your compensation during this challenging period of shutting down the Company. The goal of the
Board of Directors is two-fold: 1) to retain you as the best person for the job of product sale and customer liability reduction in the hopes of providing the best possible return
to the shareholders, and 2) to provide you an incentive to maximize the return to shareholders. 

    The
provisions of this agreement are as follows: 

	•
	Your
$50,000 retention bonus, reflected in the letter agreement between you and HearMe dated June 19, 2001 (the "June Letter"), will be paid out in
15 increments (subject to applicable tax withholding) on a weekly basis beginning August 24, 2001. This means that this bonus, rather than being payable in full based upon your remaining
an employee in good standing with HearMe through November 30, 2001, will become payable incrementally as described in the preceding sentence assuming you remain an employee in good standing on
each successive payment date. As stated in the June Letter, you will be entitled to the full amount of this bonus if (1) the Company undergoes a Change of Control (as defined in the June
Letter) that closes prior to November 30, 2001 (in which case, you will receive any then-unpaid portion on the closing date of such transaction), or (2) the Company
terminates
your employment without Cause (as defined in the June Letter) prior to November 30, 2001 (in which case, you will receive any then-unpaid portion on the last day of your
employment). If your employment terminates prior to November 30, 2001 under any circumstances other than the Company's terminating your employment without Cause, you will forfeit any portion of
the bonus that remains unpaid following the final date of your employment.

	•
	You
will be entitled to an additional cash bonus (which will be subject to applicable taxes and withholding) to be paid from the total cash in excess of
$1.5 Million available for distribution to stockholders in connection with the liquidation of HearMe pursuant to Plan of Liquidation and Dissolution approved by the HearMe Board on
August 10, 2001 (the "Liquidation"), after all obligations of the Company are met (the "Distributable Excess Assets"). Your bonus will equal to 5% of the Distributable Excess Assets and payment
of this bonus (or proportionate amounts of this bonus) will be made to you at the same time distributions from the Distributable Excess Assets are made to the stockholders. If your employment
terminates prior to any distribution date related to the Liquidation under any circumstances other than the Company's terminating your employment without Cause, you will forfeit any portion of this
bonus relating to distributions following the final date of your employment. If the Company terminates your employment without Cause (including, but not limited to, in connection with the retention of
a liquidation management company or the transfer of the Company's assets to a liquidating trust), you will continue to be entitled to the proportionate amount of this bonus on each distribution date
related to the Liquidation. To the extent it is necessary to make any determination as to the amount of the Distributable Excess Assets, the Board of Directors or its Compensation Committee will make
such determination in good faith and such determination will be binding upon you.

	•
	By
way of example, pursuant to the foregoing paragraph, if an aggregate of $5,000,000 were available for distribution to stockholders pursuant to the
Liquidation, then (i) the stockholders would receive the initial $1,500,000, (ii) the Distributable Excess Assets would equal $3,500,000, 

(iii) you
would receive a bonus (less applicable withholding) of $175,000 and (iv) the stockholders would receive the remaining Distributable Excess Assets after payment of all similar
bonus payments. 

    You
understand that your employment continues at all times to be on an at-will basis. 

    Mike,
I personally want to thank you for your commitment and dedication to your tasks. Throughout your time with HearMe you have consistently demonstrated an ability to perform
effectively in the most challenging of situations. 

	Sincerely,	 	 	 	 
	

/s/ JAMES SCHMIDT   	
 	

10-SEP-2001	
 	

 
	

James Schmidt

CEO	
 	

 	
 	

 
	

AGREED TO AND ACCEPTED:	
 	

 	
 	

 
	

/s/ MICHAEL COTTLE   
 Michael Cottle	
 	

9/10/01
 Date

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}]]