Document:

Amendment to Executive Employment Agreement

Exhibit 10.11

Amendment to Executive
Employment Agreement

This Amendment (the
"Amendment") to that certain Executive Employment Agreement, dated as
of February 16, 2001 (the "Jawerth Employment Agreement"), is made
and entered into as of October ___, 2001, by and between High Speed Net
Solutions, Inc., a Florida corporation (the "Company") and Bjorn
Jawerth ("Dr. Jawerth").

Recitals:

A.          Pursuant
to Section 4(a) of the Jawerth Employment Agreement, the Company is obligated
to pay Dr. Jawerth $500,000 in cash in consideration for his becoming subject
to certain non-compete covenants contained in Section 8 of such agreement, with
such sum to be paid as follows: (i) $100,000, upon the closing of the Asset
Purchase Agreement (which occurred on February 16, 2001), and (ii) $400,000,
within three months after the closing, paid in monthly installments of no less
than $100,000.

B.          In
view of the Company's cash constraints, the Company has offered to issue to Dr.
Jawerth options to purchase an aggregate of 500,000 shares of common stock, par
value $.001 per share, of the Company as follows: (i) options to purchase
166,667 shares of common stock at an exercise price of $0.50 per share, and
(ii) options to purchase 333,333 shares of common stock at an exercise price of
$3.75 per share, and Dr. Jawerth has accepted such offer.

C.          The
parties to the Jawerth Employment Agreement wish to memorialize the amendment
of such agreement to reflect the arrangements described in Recital B. 

Now, therefore, in consideration of
the mutual covenants contained herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto hereby agree as follows:

1.          Capitalized
Terms.  Capitalized terms used but
not defined herein shall have the meaning ascribed to such terms in the Jawerth
Employment Agreement.

2.          Amendment
of the Jawerth Employment Agreement.  Section 4(a) of the Jawerth Employment Agreement shall be deleted in its
entirety and replaced with the following:

          "(a)       In consideration for Jawerth's
becoming subject to the non-compete covenants contained in Section 8 hereof,
HSNS shall issue to Jawerth options to purchase an aggregate of 500,000 shares
of common stock, par value $.001 per share, of the Company as follows: (i)
options to purchase 166,667 shares of common stock at an exercise price of
$0.50 per share, and (ii) options to purchase 333,333 shares of common stock at
an exercise price of $3.75 per share, such options to be subject to the terms
of option agreements to be entered by the parties hereto as soon as reasonably
practicable."

3.          Ratification.  Except as set forth herein, there are no
other modifications or amendments to the Jawerth Employment Agreement and all
of the terms, covenants and

 

   

conditions of the Jawerth Employment Agreement, as
hereby amended, are ratified and confirmed and shall remain in full force and
effect.

4.          Miscellaneous.

            (a)          This Amendment shall inure to the
benefit of the Company and its successors and assigns, and shall be binding
upon the successors and assigns of each party hereto.

            (b)          This Amendment may be executed in
counterparts which, taken together, shall constitute one and the same document.

            (c)          This Amendment supersedes all
previous agreements, negotiations or communications between the parties hereto
with respect to the subject matter hereof, and contains the complete and
exclusive expression of the understandings between the parties.  This Amendment cannot be amended, modified
or supplemented in any respect except by a subsequent written agreement entered
into by the parties hereto.

            (d)          This Amendment will be governed by,
and will be construed in accordance with, the laws of the State of North
Carolina, without regard to conflict or choice of law principles of the State
of North Carolina which might otherwise cause the internal laws of any other
jurisdiction to be applied.

            (e)          The above recitals are true and
correct and are incorporated herein and made a part hereof.

IN WITNESS WHEREOF, the parties
hereto have executed this Amendment as of the date first written above.

	
  High Speed Net Solutions,
  Inc.

  By:          
  /s/ Gary E.
  Ban                                    

  Name:   Gary E. Ban

  Title:     Chief
  Operating Officer

  	
  Bjorn Jawerth

    /s/ Bjorn Jawerth                                               

  Bjorn Jawerth

  

 

 

2Gary Ban Employment Agreement

  Exhibit 10.12

  EMPLOYMENT AGREEMENT

             
  This Employment Agreement (this “Agreement”) is entered into as
  of the 16th day of February, 2001, between High Speed Net
  Solutions, Inc., a Florida corporation (the “Company”), and Gary
  Ban (the “Executive”).

  RECITALS:

             
  WHEREAS,
  the Company desires to employ Executive, and Executive desires to be employed
  by the Company, on the terms and subject to the conditions set forth herein.

             
  NOW,
  THEREFOR, in consideration of the mutual premises herein contained, the
  parties agree as follows:

             
  1.         Employment. 
  The Company hereby employs Executive as Chief Operating Officer and Executive
  hereby accepts such employment, on the terms and subject to the conditions
  hereinafter set forth. 

             
  2.         Duties of Executive.

                         
  2.1       Executive shall report directly to
  Chief Executive Officer, and shall perform such duties consistent with his
  position as Chief Operating Officer pursuant to the direction of the Chief
  Executive Officer and the Board.

                         
  2.2       Executive shall be required to
  devote his full business time, attention and effort to the Company’s business
  and affairs except for vacation time and reasonable periods of absence due to
  sickness, personal injury or other disability and shall perform diligently
  such duties as are customarily performed by executives in similar positions
  with companies similar in character or size to the Company, all subject to the
  direction of the Chief Executive Officer and the Board, together with such
  other duties as may be reasonably requested from time to time by the Board,
  which duties shall be consistent with his positions as set forth above. 
  Executive agrees to use all of his skills and business judgment and render
  services to the best of his ability to serve the interests of the
  Company.  Subject to the terms of Section 8 hereof, this shall not
  preclude Executive from serving on community and civic boards, participating
  in industry associations, pursuing his personal financial and legal affairs or
  otherwise engaging in other activities, so long as such activities do not
  unreasonably interfere with his duties to the Company.

             
  3.         Support Services. 
  Executive shall be entitled to all the administrative, operational and
  facility support customary to a similarly situated executive.  This
  support shall include, without limitation, a suitably appointed private
  office, a secretary or administrative assistant, and payment of or
  reimbursement for reasonable cellular telephone expenses, travel and
  entertainment expenses, expenses of Executive maintaining his professional
  license and standing and any and all other business expenses reasonably
  incurred on behalf of or in the course of performing duties for the Company,
  all in accordance with the expense reimbursement policies established from
  time to time by the Company.  Executive agrees to provide documentation
  of these expenses as may be reasonably required.

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  4.         Term. The term of
  Executive’s employment shall begin as of February 16, 2001 and shall end on
  February 16, 2004, unless sooner terminated pursuant to Section 7 hereof (the
  “Term”).

             
  5.         Compensation. 
  Throughout the Term, the Company shall pay or provide, as the case may be, to
  Executive the compensation and other benefits and rights set forth in this
  Section 5.

                         
  5.1       Base Salary.  The 
  Company shall pay to Executive a base salary (“Base Salary”),
  payable in accordance with the Company’s usual pay practices (and in any event
  no less frequently than monthly), of $175,000 per annum.  The Board shall
  annually review Executive’s Base Salary in light of the base salaries paid to
  other executives of the Company and the performance of Executive, and the
  Company may, in its discretion, increase such Base Salary by an amount it
  determines is appropriate.  Once Executive’s Base Salary is increased, it
  shall not thereafter be reduced.

                         
  5.2       Signing Bonus.  The
  Company shall pay to Executive a signing bonus in the form of:

                                     
  (a)        options, subject to, the terms
  and conditions of the Company’s 2000 Equity Compensation Plan and NonQualified
  Stock option agreement attached hereto as Exhibit A (the “Option
  Agreement”).

                         
  5.3       Performance Bonus.  The
  Company shall pay to Executive bonus compensation for each fiscal year, or
  part thereof that he is employed by the Company, in an amount to be determined
  at the discretion of the Board, provided that such bonus shall be commensurate
  with other bonuses paid to employees of the Company and shall take into
  account the total compensation paid to executives of other companies which
  would be competitive for Executive’s services.

                         
  5.4       Insurance.  The Company
  shall provide medical, vision, hospitalization, disability and dental
  insurance for Executive, his spouse and eligible family members, subject to
  and in accordance with the Company’s policy, the proportion of the cost
  thereof to be borne by the Company and Executive to be in accordance with such
  policy.

                         
  5.5       Employee Benefit Plans. 
  Executive shall be eligible to participate in all retirement and other benefit
  plans of the Company generally available from time to time to employees of the
  Company and for which Executive qualifies under the terms thereof (and nothing
  in this Agreement shall, or shall be deemed to, in any way affect Executive’s
  rights and benefits thereunder except as expressly provided herein).

                         
  5.6       Other Benefit Plans. 
  Executive shall be entitled to participate in any equity or other employee
  benefit plan that is generally available to senior executive officers, as
  distinguished from general management, of the Company, at the highest level
  provided for any employee.  Executive’s participation in and benefits
  under any such plan shall be on the terms and subject to the conditions
  specified in the governing document of the particular plan.  

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  5.7       Vacation.  Executive shall
  be entitled to Twenty (20) days of vacation allowance each year, which shall
  accrue at the rate of five (5) days per calendar quarter, but may be used in
  advance of accrual.  Vacation days not used in one calendar year shall
  carry over to the following calendar year(s) up to a maximum of ten days.
  Executive shall also be entitled to a sick leave allowance as provided under
  the Company’s vacation and sick leave policy for executive officers.

                         
  5.8       Automobile Allowance.  The
  Company shall provide an automobile allowance in the amount of Six Hundred
  dollars ($600) per month.  Executive shall be responsible for taxes that
  may be due, if any, as a result of this allowance.

                         
  5.9       Special Bonus.  The
  Company shall pay to Executive a one time bonus equal to fifty percent of Base
  Salary payable as mutually agreed upon.

             
  6.         Permanent Disability.

                         
  6.1       For purposes of this Agreement,
  Executive’s “Permanent Disability” shall be deemed to have occurred
  one day after one hundred eighty (180) days in the aggregate during any
  consecutive twelve (12) month period, or one day after one hundred twenty
  consecutive days, during which 180 or 120 days, as the case may be, Executive,
  by reason of his physical or mental disability or illness, shall have been
  unable to discharge fully his duties under this Agreement.

                         
  6.2       If either the Company or Executive,
  after receipt of notice of Executive’s Permanent Disability from the other,
  disputes that Executive’s Permanent Disability shall have occurred, Executive
  shall promptly submit to a physical examination by a physician at any major
  accredited hospital and, unless such physician shall issue his written
  statement to the effect that, in his opinion, based on his diagnosis,
  Executive is capable of resuming his employment and devoting his full time and
  energy to discharging fully his duties hereunder within thirty (30) days after
  the date of such statement, such Permanent Disability shall be deemed to have
  occurred on the day above specified.

             
  7.         Termination.

                         
  7.1       Bases for Termination. 
  Executive’s employment under this Agreement and the Term shall be terminated
  immediately on the death of Executive and may be terminated by the Board:

                                     
  (a)        at any time after the Permanent
  Disability of Executive;

                                     
  (b)        at any time for
  “Cause” (as defined in Section 7.8 hereof); or

                                     
  (c)        at any time without Cause.

                         
  7.2       Termination by Death.  If
  Executive’s employment is termination by death, Executive’s estate or
  designated beneficiaries shall be entitled to receive:

                                     
  (a)        life insurance benefits pursuant
  to any life insurance policy purchased by the Company;

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  (b)        a pro rata portion of the bonus
  applicable to the calendar year in which such termination occurs, payable when
  and as such bonus is determined under Section 5.3 but no less than a pro rata
  portion of Executive’s bonus for the prior year;

                                     
  (c)        other benefits, payable within
  ninety (90) days after the date of Executive’s death; and

                                     
  (d)        reimbursement for all expenses
  incurred by Executive pursuant to Section 3 hereof.

                         
  7.3       Termination for Permanent
  Disability.  If Executive’s employment is terminated by the Company
  for Permanent Disability, Executive shall be entitled to receive:

                                     
  (a)        severance compensation equal to
  what would have been his Base Salary under Section 5.1 hereof, payable at such
  times as his Base Salary would have been paid if his employment had not been
  terminated (or, at the election of Executive, in a lump sum without discount),
  for the longer of 6 months or the remainder of what would have been the Term
  (but no longer than 6 months), less any amounts payable under any disability
  insurance policy provided by the Company or purchased by Executive, the cost
  of which is reimbursed by the Company, which are payable in respect of the
  period after such termination;

                                     
  (b)        a pro rata portion of the bonus
  applicable to the calendar year in which such termination occurs, payable when
  and as such bonus is determined under Section 5.3, but no less than a pro rata
  portion of Executive’s bonus for the preceding calendar year; 

                                     
  (c)        other benefits, payable within
  ninety (90) days after termination for Permanent Disability, accrued by him
  hereunder up to and including the date of such termination;

                                     
  (d)        continuation of the insurance
  provided by the Company pursuant to Section 5.4 for the longer of 6 months or
  the remainder of the Term (but not longer than 6 months), or if not available
  a lump sum payment of an amount equal to the fair value of such insurance; and

                                     
  (e)        reimbursement for all expenses
  incurred by Executive pursuant to Section 3 prior to his termination.

                         
  7.4       Termination by the Company without
  Cause or by Executive for Good Reason.  If Executive’s employment is
  terminated by the Company without Cause (as defined in Section 7.8(a)) or by
  Executive for Good Reason (as defined in Section 7.8(e)), Executive shall be
  entitled to receive:

                                     
  (a)        severance compensation equal to
  what would have been his Base Salary under Section 5.1 hereof, payable at such
  times as his Base Salary would have been paid if his employment had not been
  terminated (or, at the election of Executive, in a lump sum without discount),
  for the longer of 6 months or the remainder of what would have been the Term
  (but no longer than 6 months);

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  (b)        a cash lump sum payment in
  respect of accrued but unused vacation days;

                                     
  (c)        a pro rata portion of the bonus
  applicable to the calendar year in which such termination occurs, payable when
  and as such bonus is determined under Section 5.3, but no less than a pro rata
  portion of Executive’s bonus for the preceding calendar year;

                                     
  (d)        acceleration of the vesting of
  one hundred percent (100%) of the unvested portion of Executive’s stock
  options or other stock-based awards, together with the right to exercise such
  stock options or awards for a period equal to the greater of (i) the remaining
  term for exercising such options or awards under the applicable agreement
  and/or plan, or (ii) one year following the date of termination;
     

                                     
  (e)        other benefits, payable within
  ninety (90) days after the date of such termination, accrued by him hereunder
  up to and including the date of such termination;

                                     
  (f)         continuation of the
  insurance provided by the Company pursuant to Section 5.4 for the longer of 6
  months or the remainder of the Term (but not longer than 6 months), or if not
  available a lump sum payment of an amount equal to the fair value of such
  insurance; and

                                     
  (g)        reimbursement for all expenses
  incurred by Executive pursuant to Section 3 prior to his termination.

              The
  payments due Executive pursuant to Section 7.4(a) and (c) shall not be made,
  and the rights set forth in Section 7.4(d) shall not begin, unless and until
  the Company has received from Executive an executed, effective General
  Release, dated on or after the date of termination, substantially as set forth
  in Exhibit C to this Agreement.  Further, the Company shall have
  the right to terminate any payments due Executive hereunder at any time
  Executive fails to honor the restrictive covenants set forth in Section 8
  hereof.  Such General Release may be modified by the Company to reflect
  certain state or local laws, statutes, codes or regulations which specifically
  apply to Executive.

                         
  7.5       Termination by the Company for
  Cause or by Executive without Good reason.  If Executive’s employment
  is terminated by the Company for Cause or by Executive without Good Reason
  (other than as a result of Executive’s Permanent Disability or Death), the
  Company shall not have any other or further obligations to Executive under
  this Agreement (except (I) as may be provided in accordance with the terms of
  retirement and other benefit plans pursuant to Sections 5.5 and 5.6 hereof,
  (ii) as to that portion of any unpaid Base Salary and other benefits accrued
  and earned under this Agreement through the date of such termination, (iii) as
  to benefits, if any, provided by any insurance policies in accordance with
  their terms, and (iv) reimbursement for all expenses incurred by Executive
  pursuant to Section 3 prior to his termination).  In addition, if
  Executive’s employment is terminated by the Company for Cause at any time
  during the Term, Executive shall immediately forfeit any and all unvested
  stock rights, stock options and other such unvested incentives or awards
  previously granted to him by the Company.  The foregoing sentence shall
  be in addition to, and not in lieu of, any and all other rights and remedies
  which may be available to the Company under the circumstances, whether at law
  or in equity.

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  7.6       Termination by Executive Upon a
  Change in Control.  If Executive’s employment is terminated as set
  forth in this Section 7.6 as Termination Upon a Change in Control (as defined
  in Section 7.8(g) hereof), Executive shall
  receive:

                                     
  (a)        severance compensation equal to
  what would have been his Base Salary under Section 5.1 hereof, payable at such
  times as his Base Salary would have been paid if his employment had not been
  terminated (or, at the election of Executive, in a lump sum without discount),
  for the longer of 18 months or the remainder of what would have been the Term

                   
                   
  (b)        a cash lump sum payment in
  respect of accrued but unused vacation days;

                                     
  (c)        a pro rata portion of the bonus
  applicable to the calendar year in which such termination occurs, payable when
  and as such bonus is determined under Section 5.3, but no less than a pro rata
  portion of Executive’s bonus for the preceding calendar year;

                                     
  (d)        acceleration of the vesting of
  one hundred percent (100%) of the unvested portion of Executive stock options
  or other stock-based awards, together with the right to exercise such stock
  options or awards for a period equal to the greater of (I) the remaining term
  for exercising such options or awards under the applicable agreement and/or
  plan, or (ii) one year following the date of termination;    

                                     
  (e)        other benefits, payable within
  ninety (90) days after the date of such termination, accrued by him hereunder
  up to and including the date of such termination;

                                     
  (f)         continuation of the
  insurance provided by the Company pursuant to Section 5.4 for the longer of 12
  months or the remainder of the Term (but not longer than 12 months), or if not
  available a lump sum payment of an amount equal to the fair value of such
  insurance; and

                                     
  (g)        reimbursement for all expenses
  incurred by Executive pursuant to Section 3 prior to his termination.

                         
  7.7       Termination Upon Cessation of
  Business.  The Company shall have the right to immediately terminate
  Executive’s employment under this Agreement upon a Cessation of Business (as
  defined in Section 7.8(b)).  Upon termination in connection with a
  Cessation of Business, the Company shall (I) pay to Executive the Base Salary,
  and (ii)       provide the same health insurance
  benefits to which Executive is entitled hereunder, in each case until the
  earlier to occur of (A) the expiration of the remaining portion of the Term,
  or (B) the expiration of the three month period commencing on the date
  Executive is terminated.  The Company may make such payments in
  accordance with its regular payroll schedule or in a single lump sum payment
  in its sole discretion.

                         
  7.8       Definitions.  As used
  herein:

                                     
  (a)        “Cause” shall
  mean:

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  (1)        active participation by
  Executive in fraudulent conduct against the Company, conviction of or a plea
  of guilty or nolo contendere with respect to a felony involving theft
  or moral turpitude, an act or series of deliberate acts which were not taken
  in good faith by Executive and which, in the reasonable judgment of the Board,
  results or will likely result in material injury to the business, operations
  or business reputation of the Company, or an act or series of acts
  constituting willful malfeasance or gross misconduct;

                                                 
  (2)        a substantial and continual
  refusal by Executive in breach of this Agreement to perform the duties,
  responsibilities or obligations assigned to Executive pursuant to the terms
  hereof, which breach has not been cured (if it is of a nature that can be
  cured) to the Board’s reasonable satisfaction within ten (10) days after the
  Company gives written notice thereof to Executive;

                                                 
  (3)        excessive absenteeism by
  Executive; provided that absenteeism (i) related to illness or otherwise
  covered by Section 6 hereof, (ii) required to be permitted under applicable
  federal or state laws, or (iii) permitted under Company policy, shall not be
  deemed to be excessive; or

                                                 
  (4)        the voluntary resignation of
  Executive without Good Reason (as defined below) and without the prior consent
  of the Board.

             
  Executive shall be permitted to respond and defend himself before the Board
  within thirty (30) days after delivery to Executive of written notification of
  any proposed termination for Cause which specifies in detail the reasons for
  such termination.  If the majority of the members of the Board (excluding
  Executive) do not confirm that the Company had grounds for a “Cause”
  termination, Executive shall have the option to treat his employment as not
  having terminated or as having been terminated pursuant to a termination
  without Cause.

                                     
  (b)        “Cessation of Business”
  shall mean the Company’s ceasing to operate in the ordinary course of
  business, whether by dissolution, liquidation, in connection with a good faith
  determination by the Board that the continuing operation of the business in
  its ordinary course is reasonably likely to render the Company unable to meet
  its liabilities as they mature.

                                     
  (c)        A “Change in Control”
  shall occur if:

                                                 
  (1)        there shall be consummated any
  consolidation or merger of the Company in which the Company is not the
  continuing or surviving corporation;

                                                 
  (2)        any Person (as defined in
  Section 2(a)(2) of the Securities Act of 1933, as amended) other than the
  Company, is or becomes the beneficial owner, directly or indirectly (including
  by holding securities which are exercisable for or convertible into shares of
  capital stock of the Company) of thirty percent (30%) or more of the combined
  voting power of the then outstanding shares of capital stock of the Company
  entitled to vote generally in the election of directors;

                                                 
  (3)        the Company sells, leases,
  exchanges or otherwise transfers all or substantially all of its property and
  assets (in a transaction or series of transactions contemplated or arranged by
  any party as a single plan);

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  (4)        Continuing Directors cease to
  constitute at least a majority of the Board; or

                                                 
  (5)        a majority of the Outside
  Directors determine that a Change in Control has occurred.

                                     
  (d)        “Continuing Directors”
  shall mean the members of the Board in office on February 16, 2001, and any
  successor to any such director whose nomination or selection was approved by a
  majority of the directors in office at the time of the director’s nomination
  or selection and who is not an “affiliate” or “associate”
  (as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as
  amended) of any person who is the beneficial owner, directly or indirectly
  (including by holding securities which are exercisable for or convertible into
  shares of capital stock of the Company), of 10% or more of the combined voting
  power of the outstanding shares of capital stock of the Company entitled to
  vote generally in the election of directors. 

                                     
  (e)        “Good Reason”
  means a termination of Executive’s employment by Executive within ninety (90)
  days following:

                                                 
  (1)        a reduction in Executive’s Base
  Salary or incentive compensation or equity participation opportunity;

                                                 
  (2)        a material reduction in
  Executive’s position(s), duties and responsibilities or reporting lines from
  those described in Section 2 hereof;

                                                 
  (3)        a change in the location of the
  Company’s headquarters or of the office of Executive from the Raleigh
  metropolitan area;

                                                 
  (4)        a material breach of this
  Agreement by the Company if such breach is not cured within 15 days of written
  notice thereof by Executive to the Company; or

                                                 
  (5)        any failure by the Company to
  obtain from any successor to the Company an agreement reasonably satisfactory
  to Executive to assume and perform this Agreement, as contemplated by Section
  11.3 hereof. 

             
  Notwithstanding the foregoing, a termination shall not be treated as a
  termination for Good Reason (A) if Executive shall have consented in writing
  to the occurrence of the event giving rise to the claim of termination for
  Good Reason, or (B) unless Executive shall have delivered a written notice to
  the Board within thirty (30) days of his having actual knowledge of the
  occurrence of one of such events stating that he intends to terminate his
  employment for Good Reason and specifying the factual basis for such
  termination, and such event, if capable of being cured, shall not have been
  cured within ten (10) days of the receipt of such notice.

                                     
  (f)         “Outside Director”
  means a member of the Board who is not, and who during the past six months was
  not, an employee of officer of the Company.

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  (g)        “Termination Upon a
  Change in Control” means:

                                                 
  (1)        a termination by Executive for
  Good Reason within one year following a Change in Control;

                                                 
  (2)        declination by Executive of an
  offer of employment from the Company or the Company’s successor, for Good
  Reason at or in anticipation of a Change in Control, if Executive would not
  have been permitted to retain Executive’s existing position; or

                                                 
  (3)        termination of Executive’s
  employment by the Company or the Company’s successor within one year following
  a Change in Control other than a termination for Cause or a termination
  resulting from Executive’s death or Permanent Disability.

                         
  7.8       Mitigation of Damages. 
  Executive is not required to mitigate the amount of any payments to be made by
  the Company pursuant to this Agreement following his termination by seeking
  other employment or otherwise.  In addition, the amount of any
  post-termination payments provided for in this Agreement shall, except as
  otherwise expressly provided herein, not be reduced by any remuneration earned
  by Executive during the period following the termination of his employment as
  a result of employment by another employer or otherwise after the date of
  termination of his employment with the Company.

                         
  7.9       Golden Parachute Excise Tax
  Gross-Up.  In the event that the severance and other benefits
  provided for in this Agreement or otherwise payable to Executive constitute
  “parachute payments” within the meaning of Section 280G of the
  Internal Revenue Code of 1986, as amended (the “Code”) and will be
  subject to the excise tax imposed by Section 4999 of the Code, then Executive
  shall receive (i) a payment from the Company sufficient to pay such excise
  tax, and (ii) an additional payment from the Company sufficient to pay such
  excise tax and federal and state income taxes arising from the payments made
  by the Company to Executive pursuant to this sentence.  Unless the
  Company and Executive otherwise agree in writing, the determination of
  Executive’s excise tax liability and the amount required to be paid under this
  Section shall be made in writing by the Company’s independent accountants who
  audit the Company’s financial statements, working together with Executive’s
  accountants.  In the event that the excise tax incurred by Executive is
  determined by the Internal Revenue Service to be greater or lesser than the
  amount so determined by the accountants, the Company and Executive agree to
  promptly make such additional payment, including interest and any tax
  penalties, to the other party as the accountants reasonably determine is
  appropriate to ensure that the net economic effect to Executive under this
  Section, on an after-tax basis, is as if the Section 4999 excise tax did not
  apply to Executive.  For purposes of making the calculations required by
  this Section, the accountants may make reasonable assumptions and
  approximations concerning applicable taxes and may rely on interpretations of
  the Code for which there is a “substantial authority” tax reporting
  position.  The Company and Executive shall furnish to the accountants
  such information and documents as the accountants may reasonably request in
  order to make a determination under this Section.  The Company shall bear
  all costs the accountants may reasonably incur in connection with any
  calculations contemplated by this Section.  

             
  8.         Covenants and
  Confidential Information.

  9

  

  
     
  

                         
  8.1       Restrictive Covenants. 
  Executive acknowledges the Company’s reliance on and expectation of
  Executive’s continued commitment to performance of his duties and
  responsibilities during the term.  In light of such reliance and
  expectation on the part of the Company, during the applicable period hereafter
  specified in Section 8.2, Executive shall not, directly or indirectly, do or
  suffer either of the following;

                                     
  (a)       
  (1)        own, manage, control or
  participate in the ownership, management or control of, or be employed or
  engaged by or otherwise affiliated or associated as a consultant, independent
  contractor or otherwise with, any other corporation, partnership,
  proprietorship, firm, association or other business entity engaged in the
  business of, or otherwise engage in the business of, information processing of
  multimedia over mobile and wireless networks  within the United States in
  competition with the Company; provided, however, that the beneficial and/or
  record ownership of not more than 4.9% of any class of publicly traded
  securities of any entity shall not be deemed a violation of this covenant;

                                                 
  (2)        solicit any business or
  contracts from any customers of the Company or its affiliates, any past
  customers of the Company or its affiliates, or any prospective customers of
  the Company or its affiliates (i.e., potential customers from which the
  Company or its affiliates has solicited business at any time during the one
  year period preceding the expiration or termination of the Term), except as
  necessitated by Executive’s position with the Company and then only in
  furtherance of the business interests of the Company or its affiliates;

                                                 
  (3)        induce or attempt to induce any
  such customer to alter its business relationship with the Company or its
  affiliates except as necessitated by Executive’s position with the Company and
  then only in furtherance of the business interests of the Company or its
  affiliates;

                                                 
  (4)        solicit or induce or attempt to
  solicit or induce any employee of the Company or its affiliates to leave the
  employ of the Company or any of its affiliates for any reason whatsoever or
  hire any employee or any person who was an employee of the Company or its
  affiliates within the twelve (12) month period prior to such hiring; or 
             

                                     
  (b)        disclose, divulge, discuss, copy
  or otherwise use or suffer to be used in any manner, other than in accordance
  with Executive’s duties hereunder, any confidential or proprietary information
  relating to the Company’s business, prospects, finances, operations or
  properties or other trade secrets of the Company, it being acknowledged by
  Executive that all such information regarding the business of the Company
  compiled or obtained by, or furnished to, Executive while Executive shall have
  been employed by or associated with the Company is confidential and/or
  proprietary information and the Company’s exclusive property; provided,
  however, that the foregoing restrictions shall not apply to the extent that
  such information: (A) is clearly obtainable in the public domain; (B) becomes
  obtainable in the public domain, except by reason of the breach by Executive
  of the terms hereof or by another person barred by a similar duty of
  confidentiality; or (C) is required to be disclosed by rule of law or by order
  of a court or governmental body or agency.

                         
  8.2       Applicable Periods.  The
  applicable periods shall be:

  10

  

  
     
  

                                     
  (a)        so long as Executive is an
  employee of the Company;

                                     
  (b)        as to Section 8.1(b), at any
  time after Executive is no longer an employee of the Company; and

                                     
  (c)        for a period of 6 months after
  termination of employment.

                         
  8.3       Injunctive Relief. 
  Executive agrees and understands that the remedy at law for any breach by him
  of this Section 8 will be inadequate and that the damages flowing from such
  breach are not readily susceptible to being measured in monetary terms. 
  Accordingly, it is acknowledged that the Company shall be entitled to
  immediate injunctive relief and may obtain a temporary order restraining any
  threatened or further breach.  Nothing in this Section 8 shall be deemed
  to limit the Company’s remedies at law or in equity for any breach by
  Executive of any of the provisions of this Section 8 which may be pursued or
  availed of by the Company.

                         
  8.4       Acknowledgment by Executive. 
  Executive has carefully considered the nature and extent of the restrictions
  upon him and the rights and remedies conferred upon the Company under this
  Section 8, and hereby acknowledges and agrees that the same are reasonable in
  time and territory, are designed to eliminate competition which otherwise
  would be unfair to the Company, do not stifle the inherent skill and
  experience of Executive, would not operate as a bar to Executive’s sole means
  of support, are fully required to protect the legitimate interests of the
  Company, and do not confer a benefit upon the Company disproportionate to the
  detriment of Executive.

                         
  8.5       Survival.  Executive
  acknowledges that Executive’s obligations under this Section 8 shall survive
  in accordance with Section 8.2 hereof regardless of whether Executive’s
  employment by the Company is terminated, voluntarily or involuntarily, by the
  Company or Executive, with Cause or without Cause, or the Executive with or
  without Good Reason.

             
  9.         Proprietary Rights.

                         
  9.1       At all times during the Term, all
  right, title and interest in all copyrightable material which Executive shall
  conceive or originate, either individually or jointly with others, and which
  arise out of the performance of this Agreement, will be the property of the
  Company and are by this Agreement assigned to the Company along with ownership
  of any and all copyrights in the copyrightable material.  At all times
  during the Term, Executive agrees to execute all papers and perform all other
  acts necessary to assist the Company to obtain and register copyrights on such
  materials in any and all countries, and the Company agrees to pay expenses
  associated with such copyright registration.  Works of authorship created
  by Executive for the Company in performing his responsibilities under this
  Agreement shall be considered “works made for hire” as defined in
  the U.S. Copyright Act.  In addition, Executive hereby assignees to the
  Company all proprietary rights, including but not limited to, all patents,
  copyrights, trade secrets and trademarks Executive might otherwise have, by
  operation of law or otherwise, in all inventions, discoveries, works, ideas,
  information, knowledge and data related to Executive’s access to confidential
  information of the Company during the Term.

                         
  9.2       All know-how and trade secret
  information conceived or originated by Executive which arises out of the
  performance of his obligations or responsibilities under this

  11

  

  
     
  

  Agreement during
  the Term shall be the property of the Company, and all rights therein are by
  this Agreement assigned to the Company.

                         
  9.3       If, during the term, Executive is
  engaged in or associated with the planning or implementing of any project,
  program or venture involving the Company and a third party or parties, all
  rights in such project, program or venture shall belong to the Company. 
  Except as formally approved by the Board, Executive shall not be entitled to
  any interest in such project, program or venture or to any commission,
  finder’s fee or other compensation in connection therewith other than the
  compensation to be paid to Executive as provided in this Agreement.

                         
  9.4       Upon termination of the Term,
  Executive shall deliver promptly to the Company all records, manuals, books,
  documents, letters, memoranda, notes, notebooks, reports, data, tables,
  calculations, customer and prospective customer lists, and copies of all of
  the foregoing, which are the property of the Company, and all other property,
  trade secrets and confidential information of the Company, including, but not
  limited to, all documents which in whole or in part contain any trade secrets
  or confidential information of the Company, which in any of these cases are in
  his possession or under his control.

                         
  9.5       The obligations of Executive under
  this Section 9 shall survive the termination or expiration of the Term.

             
  10.       Indemnification.  During
  the Term, the Company shall indemnify Executive and hold Executive harmless
  from and against any claim, loss or cause of action arising from or out of
  Executive’s performance as an officer, director or employee of the Company or
  any of its subsidiaries or in any other capacity, including any fiduciary
  capacity, in which Executive serves at the request of the Company to the
  maximum extent permitted by applicable law.  If any claim is asserted
  hereunder with respect to which Executive reasonably believes in good faith he
  is entitled to indemnification, the Company shall pay Executive’s legal
  expenses (or cause such expenses to be paid), on a monthly basis, provided
  that Executive shall reimburse the Company for such amounts if Executive shall
  be found by a court of competent jurisdiction not to have been entitled to
  indemnification.  In addition, the Company agrees to provide Executive
  with coverage under a directors and officers liability insurance policy.

             
  11.       Miscellaneous.

                         
  11.1     Representation and Warranty by Executive. 
  Executive represents and warrants that he is not a party to any agreement,
  contract or understanding, whether employment or otherwise, which would
  restrict or prohibit him from undertaking or performing employment in
  accordance with the terms and conditions of this Agreement.

                         
  11.2     Severability.  The provisions of this
  Agreement are severable and if any one or more provisions may be determined to
  be illegal or otherwise unenforceable, in whole or in part, the remaining
  provisions and any partially unenforceable provision, to the extent
  enforceable in any jurisdiction, nevertheless shall be binding and
  enforceable.

                         
  11.3     Assignment.  This Agreement shall be
  binding upon and inure to the benefit of the heirs and representatives of
  Executive and the assigns and successors of the

  12

  

  
     
  

  Company, but neither this
  Agreement nor any rights or obligations hereunder shall be assignable or
  otherwise subject to hypothecation by Executive (except by will or by
  operation of the laws of intestate succession) or by the Company, except that
  the Company may assign this Agreement to any successor (whether by merger,
  purchase or otherwise) to all or substantially all of the stock, assets or
  business of the Company, and the Company shall require such successor to
  expressly agree to assume the obligations of the Company hereunder.

                         
  11.4     Dispute Resolution.  Any controversy
  or claim arising out of or relating to this Agreement, or the breach thereof,
  shall be settled by mediation, and if not settled within 14 days of the
  submission to meditation, by arbitration in accordance with the Voluntary
  Arbitration Rules of the American Arbitration association, and the arbitration
  shall be held in the Raleigh, North Carolina area.  The arbitrator shall
  be acceptable to both the Company and Executive.  If the parties cannot
  agree on an acceptable arbitrator, the dispute shall be heard by a panel of
  three (3) arbitrators, one appointed by each of the parties and the third
  appointed by the other two arbitrators.  Judgment upon the award rendered
  by the arbitrator or arbitrators may be entered in any court having
  jurisdiction thereof.  The arbitrator or arbitrators shall be deemed to
  possess the power to issue mandatory orders and restraining orders in
  connection with such arbitration; provided, however, that nothing in this
  Section 11.4 shall be construed so as to deny the Company the right and power
  to seek and obtain injunctive relief in a court of equity for any breach or
  threatened breach by Executive of his covenants contained in Section 8
  hereof.  All costs and expenses of arbitration shall be paid one-half by
  the Company and one-half by Executive.

                         
  11.5     Notices.  All notices and other
  communications required or permitted under this Agreement shall be in writing,
  and shall be deemed properly given if delivered personally, mailed by
  registered or certified mail in the United States mail, postage prepaid,
  return receipt requested, send by facsimile or sent by Express Mail, Federal
  Express or other nationally recognized express delivery service, as follows:

                         
  If to the Company or the Board:

                                     
  High Speed Net Solutions, Inc.

   

                         
  If to Executive:   Gary E. Ban

   

              Notice
  given by hand, certified or registered mail, or by Express Mail, Federal
  Express or other such express delivery service, shall be effective upon
  receipt.  Notice given by facsimile transmission shall be effective upon
  actual receipt if received during the recipient’s normal business hours, or at
  the beginning of the recipient’s next business day after receipt if not
  received during the recipient’s normal business hours.  All notices by
  facsimile transmission shall be confirmed promptly after transmission in
  writing by certified mail or personal delivery.

              Any
  party may change any address to which notice is to be given to it by giving
  notice as provided above of such change of address.

  13

  

  
     
  

                         
  11.6     Amendment.  This Agreement may only
  be amended by written agreement of the parties hereto.

                         
  11.7     Beneficiaries; References.  Executive
  shall be entitled to select (and change, to the extent permitted under
  applicable law) a beneficiary or beneficiaries to receive any compensation or
  benefit payable hereunder following Executive’s death, and may change such
  election, in either case by giving the Company written notice thereof. 
  In the event of Executive’s death or a judicial determination of his
  incompetence, reference in this Agreement to Executive shall be deemed, where
  appropriate, to refer to his beneficiary, estate or other legal
  representative.  Any reference to the masculine gender in this Agreement
  shall include, where appropriate, the feminine.

                         
  11.8     Survivorship.  The respective rights
  and obligations of the parties hereunder shall survive any termination of this
  Agreement to the extent necessary to the intended preservation of such rights
  and obligations.  The provisions of this Section are in addition to the
  survivorship provisions of any other section of this Agreement.

                         
  11.9     Governing law.  This Agreement shall
  be construed, interpreted and governed in accordance with the laws of the
  State of North Carolina without reference to rules relating to conflicts of
  law.  For purposes of jurisdiction and venue, the Company hereby consents
  to jurisdiction and venue in any suit, action or proceeding with respect to
  this Agreement in any court of competent jurisdiction in the state in which
  Executive resides at the commencement of such suit, action or proceeding and
  waives any objection, challenge or dispute as to such jurisdiction or venue
  being proper.

                         
  11.10   Effect of Prior Agreements.  This Agreement
  contains the entire understanding between the parties hereto with respect to
  the subject matter hereof, and supersedes in all respects any prior or other
  agreement or understanding between the Company or any affiliate of the Company
  and Executive with respect to the subject matter hereof.

                         
  11.11   Withholding.  The Company shall be entitled, to
  the extent permitted or required by law, to withhold from any payment of any
  kind due Executive under this Agreement to satisfy the tax withholding
  obligations of the Company under applicable law.

                         
  11.12   Counterparts.  This Agreement may be executed in
  two counterparts, each of which shall be deemed an
  original.          

  IN WITNESS WHEREOF,  the parties hereto, having duly been authorized,
  have executed this Agreement as of the date first above written.

    	
          High Speed Net Solutions, Inc.

        	
          Gary E. Ban

        
	
           

        	
           

        
	
          By:            /s/
          Bjorn Jawerth                         

        	
             /s/ Gary E.
          Ban                                 

        
	
           

        	
           

        
	
          Name:    Bjorn Jawerth

        	
           

        
	
           

        	
           

        
	
          Title:       Chief Executive Officer

        	
           

        

     

   
  14

  

  
     
  

  Exhibit __

  General Release

             
  I hereby
  release, acquit and forever discharge High Speed Net Solutions, Inc. (the
  “Company”) and its officers, directors, agents, servants, employees,
  attorneys, shareholders, successors, assigns and affiliates, of and from any
  and all claims, liabilities, demands, causes of action, costs, expenses,
  attorneys’ fees, damages, indemnities and obligations of every kind and
  nature, in law, equity or otherwise, known and unknown, suspected and
  unsuspected, disclosed and undisclosed, arising out of or in any way related
  to agreements, events, acts or conduct at any time prior to and including the
  date I sign this General Release, including but not limited to:

              (i)        
  any and all such claims and demands directly or indirectly arising out of or
  in any way connected with my employment with the Company or the conclusion of
  that employment;

             
  (ii)        claims or demands related to
  salary, bonuses, commissions, incentive payments, stock, stock options, or any
  ownership or equity interests in the Company, vacation pay, fringe benefits,
  expense reimbursements, sabbatical benefits, severance benefits, or any other
  form of compensation;

             
  (iii)       claims pursuant to any federal, any
  state or any local law, statute, common law or cause of action including, but
  not limited to, the federal Civil Rights Act of 1964, as amended, or any other
  statute, agreement or source of law, the federal Americans with Disabilities
  Act of 1990, the Family and Medical Leave Act, the federal Age Discrimination
  and Employment Act of 1967, as amended; the Employee Retirement Income
  Security Act, the Equal Pay Act, tort law, contract law, or the law of
  wrongful discharge, discrimination, harassment, fraud, misrepresentation,
  defamation, libel, emotional distress, and breach of the implied covenant of
  good faith and fair dealing.

             
  I
  represent that I have no lawsuits, claims or actions pending in my name, or on
  behalf of any other person or entity, against the Company or any other person
  or entity subject to the release granted hereby.  I agree that in the
  event I bring a claim covered by this release in which I seek damages against
  the Company or in the event I seek to recover against the Company  in any
  claim brought by a governmental agency on my behalf, this General Release
  shall serve as a complete defense to such claims.  However, nothing in
  this General Release releases, acquits or discharges any entity from any
  obligations to me for payments or other consideration set forth specifically
  in my Employment Agreement with the Company.

  ADEA Waiver and Release.  I acknowledge that I am knowingly and
  voluntarily waiving and releasing any rights I may have under the ADEA, as
  amended.  I also acknowledge that the consideration given for the waiver
  and release in the preceding paragraphs hereof is in addition to anything of
  value to which I was already entitled.  I further acknowledge that I have
  been advised by this writing, as required by the ADEA, that:

  (a)        my waiver and release do not
  apply to any rights or claims that may arise after the execution date of this
  General Release;

  15

  

  
     
  

  (b)       
  I have been advised hereby
  that I have the right to consult with an attorney prior to executing this
  General Release;

  (c)       
  I have forty-five (45) days
  to consider this General Release (although I may choose to voluntarily execute
  this General Release earlier);

  (d)       
  I have seven (7) days
  following the execution of this General Release to revoke the General Release;
  and

  (e)        this General Release will not
  be effective until the date upon which the revocation period has expired,
  which will be the eighth day after this General Release is executed by me.

   

  	
         

      	
        Executive

      
	
         

      	
         

      
	
         

      	
        By:       _________________________

      
	
         

      	
         

      
	
         

      	
        Date:     _________________________

      
	
         

      	
         

      

   

  16

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