Document:

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                                                                   EXHIBIT 10.26

                                                               January 31, 2000

SkyLynx Communications, Inc.
600 South Cherry Street
Suite 305
Denver, Colorado 80222
Attention:  Mr. Jeffery A. Mathias, President and Chief Executive Officer

          Re:  Amendment No. 2 to Financial Services Agreement
               dated July 1, 1999, as amended on December 22, 1999

Gentlemen:

          Reference is made to the Financial Services Agreement between H.C.
Wainwright & Co., Inc. ("Wainwright") and SkyLynx Communications, Inc. (together
with its subsidiaries, stockholders, sister companies, parents and other
affiliates, the "Company") dated as of July 1, 1999 (the "Agreement"), as
amended by the Letter Agreement dated December 22, 1999 ("Amendment No. 1").
This letter (this "Amendment") amends certain of the terms contained in the
Agreement and terminates Amendment No. 1.

          In connection with the Company's Series F Financing, which Wainwright
is currently in the process of obtaining on behalf of the Company, Wainwright
and the Company hereby agree to amend the Agreement, effective concurrently with
the consummation of the Series F Financing, as follows:

     1.   Amendment No. 1 shall be terminated and shall be of no further force
or effect.

     2.   The Company shall issue to Wainwright a warrant to purchase 400,000
shares of the Company's common stock (the "Common Stock") at an exercise price
of $0.01 per share, exercisable over a term of three (3) years and containing a
cashless exercise provision.  In connection with the $1,950,000 raised by
Wainwright prior to the date hereof (which the Company and Wainwright agree and
acknowledge has been raised and for which a fee of 10% of the proceeds thereof
has been paid by the Company to Wainwright), the Company and Wainwright agree
and acknowledge that the Company shall issue to Wainwright a warrant to purchase
100,000 shares of Common Stock at an exercise price of $3.00 per share,
exercisable over a term of three (3) years.  The shares of Common Stock
underlying the warrants (the "Warrant Shares") shall be registered for resale by
the Company as part of the registration statement (the "Registration Statement")
to be filed by the Company to register for resale the shares of Common Stock
underlying the Series F Convertible Preferred Stock to be sold to investors in
the Series F Financing; provided, however, that the Company shall not be
required to register such shares if such investors withhold their consent to the
inclusion of such shares as part of the Registration Statement.
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SkyLynx communications, Inc.
January 31, 2000
Page 2

     3.   The Company shall pay Wainwright an amount equal to eight percent (8%)
of the Aggregate Consideration, in excess of the $1,950,000 referred to above
and less than or equal to $10,000,000, received or receivable directly or
indirectly by the Company in connection with the Series F Financing.  The
Company shall pay Wainwright an amount equal to 10.5% of the Aggregate
Consideration, in excess of $10,000,000 and less than or equal to $20,000,0000,
received or receivable directly or indirectly by the Company in connection with
the Series F Financing.  Such fees shall be in place of and supersede all fees
otherwise provided for in Section 1 of the Agreement.

  4.      Section 2 of the Agreement shall be amended as follows:

          a.   Wainwright's right of first refusal referred to in the first
paragraph of Section 2 of the Agreement shall be a right to act only as co-
placement agent or co-underwriter, rather than lead placement agent or lead
underwriter, in connection with a public or private sale of equity securities.
The term of the right of first refusal referred to in the first paragraph of
Section 2 of the Agreement shall be reduced to one (1) year from the date of
this Amendment.  Wainwright's right of first refusal referred to in the first
paragraph of Section 2 of the Agreement shall terminate if Wainwright fails to
respond in writing to the Company that it accepts acting as co-placement agent
or co-underwriter in connection with a public or private sale of equity
securities within ten (10) days of the date of written notice from the Company
that the Company intends to effect a public or private sale of equity
securities.

          b.   The period on or prior to which a transaction referred to in the
sixth and final paragraph of Section 2 of the Agreement must be initiated shall
be reduced to December 31, 2001 and the compensation payable to Wainwright
thereunder shall be reduced to one-half of one percent (0.5%) of the aggregate
value of such transaction; provided, however, that Wainwright shall be entitled
to receive such compensation regardless of whether Wainwright is involved in any
capacity in such transaction.  The last sentence of the sixth and final
paragraph of Section 2 of the Agreement is deleted in its entirety.

     5.   In the event that on or prior to one (1) year from the date of this
Agreement the Company: (i) issues warrants to purchase shares of the Company's
Common Stock pursuant to a rights offering to the Company's existing
stockholders, (ii) Wainwright acts as the lead placement agent for such
offering, and (iii) such warrants are exercised within twelve (12) months of the
date of their issuance, then Wainwright shall be entitled to receive an amount
equal to seven percent (7%) of the gross proceeds received or receivable
directly or indirectly by the Company in connection therewith.

          The Company agrees that the indemnification and other provisions set
forth in the Indemnification Letter, which are hereby incorporated by reference
herein, and are in full force and effect with respect to the Agreement, as
amended by this Amendment.
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SkyLynx communications, Inc.
January 31, 2000
Page 3

          This Amendment amends and modifies the Agreement, which remains in
full force and effect as to matters not discussed herein. In the case of any
inconsistency or conflict between the provisions of this Amendment and the
provisions of the Agreement, the provisions of this Amendment shall govern.

          Please confirm that the foregoing correctly sets forth our agreement
by signing and returning to Wainwright the enclosed duplicate copy of this
Amendment.

                                   Very truly yours,

                                   H.C. WAINWRIGHT & CO., INC.

                                   By:_______________________________
                                   Name:  Eric T. Singer
                                   Title: Managing Director

Accepted and agreed to as of
the date first written above:

SKYLYNX COMMUNICATIONS, INC.

By:___________________________________________
  Name:  Jeffery A. Mathias
  Title: President and Chief Executive Officer<PAGE>

                                                                   EXHIBIT 10.32
                                                                   -------------

                             Employment Agreement
                             --------------------

   This agreement is effective September 1, 1998 and executed July 9, 1998 by
and between SkyLynx Communications, Inc., a Colorado corporation, ("Employer"),
and Steven Jesson, hereafter called "Employee."

                                  1.1 Recitals
                                  ------------

   1.  The Employee represents that he has acquired outstanding and special
   skills and abilities with an extensive background compatible to the
   Employer's industry, which is the high-speed data transmission industry.

   2.  The Employer needs and desires the services and expertise of the Employee
   and is willing to engage his services on the terms and conditions stated
   below.

   3.  The Employee desires to be employed exclusively by the Employer and is
   willing to do so on those terms and conditions.

       NOW, THEREFORE, in consideration of the above recitals and of the mutual
   promises and conditions in this Agreement, it is agreed as follows:

   1.  Employee's Duties and Authority.  The Employer shall employ the Employee
   --  --------------------------------
   as General Manager, Western Region, or in such other capacity or capacities
   as the Employer may from time to time prescribe.

   2.  Other Business Activities.  During the term of employment, the Employee
   --  --------------------------
   shall devote his entire work efforts and talents to the performance of this
   Agreement.  Employee shall now, without the prior written consent of the
   Employer, render to others services of any kind for compensation, gain,
   pecuniary benefit or monetary reward.  Employee shall not engage in any other
   business activity that would materially interfere with the performance of his
   duties under this Agreement.

   3.  Reasonable Time and Effort.  During his employment, the Executive shall
   --  ---------------------------
   devote all such time, interest, and effort to the performance of this
   Agreement as may be fair and reasonable.

   4.  Non-Competition During Employment.  During the employment term, the
   --  ----------------------------------
   Employee shall not, in any fashion participate or engage in any activity or
   other business that is competitive with the business of the Employer.  In
   addition, the Employee, while employed, shall not take any action without the
   Employer's prior written consent to establish, form, cause to be established
   or formed, or become employed by a competing business on termination of
   employment by the Employer.  The failure of the Employee to comply with the
   provisions of this paragraph shall give the Employer the right (in addition
   to all other remedies the Employer may have) to terminate any benefits or
   compensation that the Employee may be other wise entitled to following
   termination of this Agreement.
<PAGE>

   5.  Term of Employment.  The Employee shall be employed from September 1,
   --  ------------------
   1998 to August 31, 2000 unless the Employee is terminated as provided in this
   Agreement or this Agreement is extended by the mutual written consent of the
   parties.

   6.  Place of Employment.  During the employment term the Employee shall
   --  --------------------
   perform the services required at the office of the Employer based at a
   location in California to be chosen by Employer. The Employee acknowledges
   that the Employer may from time to time require the Employee to travel
   temporarily to other geographic locations on the Employer's business.

   7.  Salary.  Between September 1, 1998 and December 31, 1998, the Employer
   --  -------
   shall pay a basic salary to the Employee at the rate of $9,000 per month,
   payable in semi-monthly installments.  Effective January 1, 1999 the annual
   base salary will be increased to $12,000 per month paid semi-monthly.  The
   base salary will be increased to $13,000 per month beginning January 1, 2000
   and ending August 31, 2000.

   8.  Additional Benefits.  The Employee shall receive all other benefits of
   --  --------------------
   employment generally available to the Employer's other Executive and
   managerial Employees, including the following:

     A.   Health Care and Medical Benefits.  The Employer shall provide the
     --   ---------------------------------
          Employee, during the term of this Agreement, with major medical health
          benefits equivalent to that provided other officers.

     B.   Vacation and Holiday Benefits.  The Employee shall be entitled to
     --   ------------------------------
          three (3) weeks of paid vacations during each year of his employment
          with Employer.

     C.   Stock Option Benefits.  As of the date of this Agreement, the Employee
     --   ----------------------
          shall receive five-year qualified and non-qualified options to
          purchase 100,000 shares of Common Stock of the Employer at an exercise
          price of $4.00 per share.  The option shall expire on August 31, 2003.
          Said options shall vest on the first day of each month at the rate of
          4,166 shares per month during the term of this Agreement.  If the
          Employee terminates his employment willfully, dies, becomes unable to
          perform his assigned job due to disability or is terminated for cause
          prior to the term of this Agreement, the portion of the option shares
          that have not vested shall be null and void.  If the Employee is
          terminated not for cause, the Employee shall be entitled to the entire
          amount of Common stock options of the Employer as agreed to in this
          Agreement in accordance with the vesting schedule set forth above.
          All shares issued under this provision shall bear a restrictive legend
          that will prohibit transfer except under the provisions of Rule 144 of
          the Securities Exchange Act of 1934, as amended or unless the shares
          have been registered with the Securities the stock and Exchange
          Commission.  Employee will be issued 25,000 shares of said Common
          Stock upon reporting for duty.  In the event of termination of this
<PAGE>

          agreement for any reason, said shares are considered fully vested.

     D.   Other Benefits.  During the term of this Agreement, the Employee shall
     --   ---------------
          be entitled to receive such of the following benefits of employment as
          is available to all other officers: life insurance benefits, pension,
          profit-sharing and income protection or disability plans, in each
          instance, consistent with his position.

1.   Expenses.  The Employer shall reimburse the Employee for reasonable
--   ---------
expenses incurred in connection with the Employee's performance of his duties
including travel expenses, food and lodging while away from home, pursuant to
the Employer's reimbursement policies.

2.   Employee's Right of Ownership.  All inventions conceived or developed by
--   ------------------------------
the Employee that do not pertain to the business of the Employer, or with
respect that the equipment, supplies, facilities, contacts, or trade secret
information, customer lists, data bases or other assets of the Employer was
used, or that relate to the business of the Employer or to the Employer's actual
or demonstrably anticipated research and development, or that result from any
work performed by the Employee for the Employer shall remain the property of the
Employee.

3.   Indemnification By Employer.  The Employer shall indemnify and hold the
--   ----------------------------
Employee harmless against, and shall purchase indemnity insurance, if available,
on behalf of the Employee, for an amount deemed by the Employer to be a
necessary or desirable amount for expenses, including reasonable attorney fees,
judgments, fines, settlements, and other amounts reasonably incurred in
connection with any proceeding arising by reason of the Employee's employment by
the Employer.  The Employer may advance to the Employee expenses incurred in
defending any such proceeding not covered by insurance.

4.   Termination By Employer.
--   ------------------------

     A.   Involuntary Termination of Agreement.  The Employer may terminate this
     --   -------------------------------------
          Agreement without cause, either on the last day of any fiscal year of
          the Employer, upon sixty (60) days prior written notice,  or on six
          (6) months' prior written notice to the Employee.

     B.   Termination For Cause.  The Employer may terminate this Agreement at
     --   ----------------------
          any time without notice if the Employee commits any material act of
          dishonesty, discloses confidential information, is guilty of gross
          carelessness or misconduct, unjustifiably neglects his duties under
          this Agreement, or acts in any way that has a direct, substantial, and
          adverse effect on the Employer's reputation.

13.  Employee Termination.
     ---------------------
<PAGE>

     A.   Resignation.  The Employee may terminate this Agreement by giving the
     --   ------------
          Employer six (6) months' prior written notice of resignation.

     B.   Retirement.  This Agreement shall be terminated by the Employee's
     --   -----------
          voluntary retirement, that retirement shall be effective on the last
          day of any fiscal year of the Employer, and that the Employee gives
          the Employer six (6) months' written notice.

     C.   Disability.
     --   -----------

          (1). If, during the term of this Agreement, the Employee becomes
          disabled due to mental or physical illness and is unable to perform
          his duties in a normal and regular manner, this Agreement shall be
          then terminated, and

          (2). The Employer has advised the Employee that it currently maintains
          disability insurance for its Employees, including the Employee.

          (3). Curing the term of this Agreement, Employer shall maintain
          disability insurance covering the Employee on terms and conditions no
          less favorable than the terms and conditions in effect at the date of
          this Agreement, unless all other similarly employed Employees benefits
          are changed in relationship to the Employee.

     D.   Death.  If the Employee dies during the period of employment, this
     --   ------
          Agreement shall then be terminated on the date of death.

     E.   Merger.  In the event of a merger where the Employer is not the
     --   -------
          surviving entity, or of a sale of all or substantially all of the
          Employer's assets, the Employer may, at its sole and absolute option:

          (1). Assign this Agreement and all rights and obligations under it to
          any business entity that succeeds to all or substantially all, of the
          Employer's business through that merger or sale of assets, or

          (2). On at least thirty (30) days prior written notice to the
          Employee, terminate this Agreement effective on the date of the merger
          or sale of assets, and

          (3). Under either (1) or (2) of this provision or a management change
          due to a sale of the stock positions of management, the stock options
          granted to Employee shall be subject to the full vesting of said
          options immediately upon the closing of the events described herein.

14.  Non-disclosure After Termination.  Because of his employment by the
     ---------------------------------
Employer, the Employee will have access to trade secrets, confidential
information about the Employer, its products, customers and methods of doing
business.  In consideration of his employment hereunder and his access to this
information, the Employee agrees that
<PAGE>

for a period of five (5) years after termination of his employment for any
reason, he will not disclose such trade secrets or confidential information.

15.  Arbitration.  Any controversy or claim arising out of or relating to this
---  ------------
Agreement that cannot be settled by the parties, shall be determined by binding
arbitration in accordance with the provisions of the Florida Arbitration Code.
Such proceedings shall be held in Hillsborough County, Florida. There shall be
three (3) arbiters with each party choosing one (1) from the list of approved
arbiters and those two (2) choosing the third.  Each party shall pay its own
attorney fees, costs, expenses and the fees of the arbiter such party chooses.
Other costs of the arbitration, including the cost of any record or transcripts
of the arbitration, administrative fees, the fee of the third arbiter shall be
borne equally by the parties.

16.  Entire Agreement.  This Agreement contains the entire Agreement between the
     -----------------
parties and supersedes all prior oral and written Agreements, understandings,
commitments and practices between the parties.  No amendments to this Agreement
will be effective in writing and signed by both parties.

17.  Choice of Law.  The formation, construction and performance of this
     --------------
Agreement shall be construed in accordance with the laws of the State of
Florida.  This Agreement, or any of the provisions contained herein, shall not
be construed more strongly in favor or against one party or the other because of
which party was responsible for the drafting, typing or language usage.

18.  Notices.  Any notice to the Employer required or permitted under this
     --------
Agreement shall be given in writing to the Employer by registered mail or
certified mail, return receipt requested, postage prepaid, at its then principal
place of business with a like copy addressed to the President of the Parent at
its then principal place of business.  For the purpose of determining compliance
with any time limit in this Agreement, a notice shall be deemed to have been
duly given (1) on the date of service, if served personally on the party to whom
notice is to be given; or (2) on the second business day after proper mailing,
if the party to whom a matter is mailed is to be given notice in the manner
provided in this section.

19.  Severability.  If any provision of this Agreement is held invalid or
     -------------
unenforceable, the remainder of this Agreement shall nevertheless remain in full
force and effect.  If any provision is held invalid or unenforceable with
respect to particular circumstances, it shall nevertheless remain in full force
and effect in all other circumstances.

     IN WITNESS WHEREOF, the parties have hereunto set their hands and seals
this      day of       1998 at Tampa, Florida.

                          SkyLynx Communications, Inc.
<PAGE>

                  By:

                                 Steven Jesson

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