Legal Proceedings

EX-10.35 9 p67609exv10w35.txt EX-10.35 EXHIBIT 10.35 December 27, 2002 Dino Farfante VIA HAND DELIVERY Dear Dino: Pursuant to Section 1(b) of your employment agreement dated November 17, 2000 with Insight Direct Worldwide, Inc. (the "Company"), as amended (the "Agreement"), you are hereby notified that there shall be no further renewal of the Agreement after December 31, 2002, and that, accordingly, such Agreement shall expire on December 31, 2004. Please note that by giving this notice the Company does not intend to terminate your employment. Instead, as we have previously discussed, the only result of our action today is that the expiration date of the term of the Agreement will become fixed and it will no longer renew for a full two-year term each day. Additionally, please note that the following is the notice address the Company has on file for you pursuant to the Agreement: 904 West Windsong Drive Phoenix, Arizona 85045 We believe this address may be out of date. To update this address, please notify Deanna Carney or Bob Moya in writing (email acceptable) of your current correct address. If you have any questions, please let me know. Thank you. Sincerely, Timothy A. Crown Chief Executive Officer Insight Direct Worldwide, Inc. cc: P. Robert Moya, Executive V.P. General Counsel Kaylene Moss, Senior V.P. Human Resources