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Exhibit 10.67
| | Path 1 Network Technologies Inc. 6215 Ferris Square, Suite 140 San Diego, CA 92121
Phone ###-###-#### Fax ###-###-#### www.path1.com |
August 12, 2004
Mark D. Buckner
P.O. Box 7250
Rancho Santa Fe, CA 92067
Dear Mark,
On behalf of Path 1 Network Technologies Inc., we are excited to have you join us as a Director on our Board of Directors. We believe your skills and talents would greatly add to this distinguished panel.
| Position: Reporting to: Monthly Compensation: Stock Options: | Director; Chairman, Audit Committee Chairman of the Board of Directors $2,000 Incentive stock options on 25,000 shares subject to Board approval of Class B Common Stock with an exercise price to be determined on the date of grant per share fully vesting quarterly over a two (2) year period in accordance with the company’s 2000 Stock Option Plan, subject to Board approval. | |
| Effective Date: | August 3, 2004 | |
We look forward to your acceptance of this offer and to a mutually rewarding professional relationship.
Sincerely,
Path 1 Network Technologies Inc.
By: John R. Zavoli
Director; President & CEO
If you agree to all the terms and conditions of this agreement, please sign and return to me, at which time it will become binding.
| /s/ John R. Zavoli | 8/12/04 | |||
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