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Exhibit 10.29.1 Amendment to Executive Employment
Letter This Amendment (“Amendment”) to that
certain Executive Employment Agreement, dated as of June 1, 2002,
by and between ICO Satellite Services G.P. and David Bagley
(“Agreement”) is made as of the 30th day of December,
2008 (“Effective Date”) by and between ICO Satellite
Services G.P., (“ICO”), and David Bagley
(“Executive”), ICO and Executive each a
“Party” and collectively, the
“Parties”). Capitalized terms used herein
without definition shall have the meanings given to such terms in
the Agreement. In consideration of the mutual promises
and covenants set forth herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties hereby agree as follows:
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1.0
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Exhibit A. Exhibit A attached hereto, is incorporated
into the Agreement.
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2.0
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Counterparts. This Amendment may be executed in two
or more counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same
instrument.
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3.0
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Continuing Effect. With the exception of this Amendment, the
remaining provisions of the Agreement remain unchanged.
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IN WITNESS WHEREOF, the Parties have executed this
Amendment as of the Effective Date.
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ICO Satellite Services
G.P.
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David Bagley
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By: ICO Services Limited, a partner
By: ICO North America, Inc., its parent
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/s/ J. Timothy
Bryan
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/s/ David Bagley
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By:
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J. Timothy
Bryan
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By:
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David Bagley
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Title:
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Chief Executive Officer
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Exhibit A
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1.
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Article IV – Termination of Employment is amended to add
Section 4.3:
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4.3 The
severance amount payable under Section 4.1 in connection w
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