Exhibit 10.30
Amendment to Employment Agreement
This amendment ("Amendment") to the Employment Agreement between
Digital Teleport, Inc. and Daniel A. Davis dated June 10, 1998 ("Employment
Agreement") is made and is effective this 8th day of May, 2000. All terms not
otherwise defined herein shall have the meaning set forth in the Employment
Agreement.
WHEREAS, the Company and Employee wish to amend the terms of the
Employment Agreement;
NOW, THEREFORE, in consideration of the mutual promises hereinafter set
forth, it is hereby agreed as follows:
1. Term
Section 2 of the Employment Agreement is deleted in its entirety and
shall henceforth read as follows:
"2. Term of Employment.
The term of this Employment Agreement shall commence on the date first
set forth above and shall end on the seventh anniversary of such date
(the "Employment Period"), unless sooner terminated as provided in
Section 5 hereof."
2. Salary.
Section 4(a) of the Employment Agreement is deleted in its entirety and
shall henceforth read as follows:
"(a) During the Employment Period, the Company shall pay Employee as
compensation for his or her services during the Employment Period, a
base salary (the "Base Salary") at a rate of [ ] Dollars ($[ ]) per
year, such Base Salary to be payable in accordance with the Company's
usual payment practices. Additionally, Employee shall be entitled to
participate in all of the Company's employee benefit plans generally
available to employees of the Company."
3. Section 6(b)(i) of the Employment Agreement is deleted in its
entirety and shall henceforth read as follows:
"(i) any "person" (within the meaning of the Securities Act of 1934
(the "Exchange Act")), becomes the beneficial owner of more than fifty
percent (50%) of Holdings' then outstanding voting securities (other
than as a result of any sale by KLT Telecom Inc. of voting securities
in Holdings to Richard D. Weinstein or change of ownership of KLT
Telecom Inc.);"
4. All other terms and conditions of the Employment Agreement shall
remain unchanged.
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IN WITNESS WHEREOF, the parties have executed this agreement on the
date set forth above.
DIGITAL TELEPORT, INC.
By: /s/ Richard D. Weinstein /s/ Daniel A. Davis
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Name: Richard D. Weinstein Daniel A. Davis
Title: President
