Financial Statements

EX-10.74 7 f02505exv10w74.txt EXHIBIT 10.74 EXHIBIT 10.74 AMENDMENT TO EMPLOYMENT AGREEMENT THIS AMENDMENT TO EMPLOYMENT AGREEMENT (the "Amendment") is made by and between Proxim Corporation, a Delaware corporation (the "Company") and David E. Olson ("Executive"). The Company and Executive are parties to an Employment Agreement of April 7, 2003 (the "Agreement"), and they now wish to amend the Agreement in certain respects. Accordingly, the Company and Executive now agree as set forth below. 1. Executive's "Base Salary", as set forth in Section 3 of the Agreement, shall be increased to $250,000 per annum. Except as modified by this Amendment, the Agreement shall remain in full force and effect. IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the date(s) set forth below. EFFECTIVE AS OF July 1, 2004 ________________________________ David E. Olson PROXIM CORPORATION By:_____________________________ Its: Chief Executive Officer