Vice President, Marketing Employment Offier Letter - Foy Sperring

EXHIBIT 10.27



[AUDIBLE INC. LETTERHEAD]





April 23rd, 1998





Mr. Foy Sperring





Dear Foy,



I am delighted to offer you the position of Vice President, Marketing, at Audible, Inc. The Audible managment team and Board of Directors are impressed with your credentials, your creativity, your work ethic and your passion for Audible's unique opportunity and the thrill of being in a fast-paced Internet startup. And I am personally looking forward to the opportunity of working with you again on this exciting opportunity.



Here's a summary of our employment offer, with details following after:



. You will be paid $130,000/year with an annual bonus of $40,000 paid quarterly.

. You will have the right to purchase 250,000 shares of common stock at

$0.40/share.

. You will receive a cash signing bonus of $10,000 in recognition of the

stranded options from your previous employer.

. You will be enrolled in the company's benefits programs.

. You will agree to commence work full time no later than June 15th, 1998.

. We'd like your acceptance by close of ...