Exhibit 10.12
AGREEMENT
This Agreement is entered into on the 21st day of November, 2003, by and between
Xxxx Xxxxxx, Charlotte, NC and BestNet Communications Corp, Grand Rapids, MI.
WHEREAS, Xxxx Xxxxxx desires to resign his position as CFO of BestNet,,
effective December 1, 2003 and
WHEREAS, BestNet desires to accept Xxxxxx'x resignation.
NOW, THEREFORE, in consideration of the above, the parties agree as follows:
1. All prior employment contracts, amendments, modifications or
extensions thereto, between Xxxxxx and BestNet are null and void.
2. In consideration of terminating all prior employment contracts,
BestNet will provide the following severance package:
a. $6,000 per month for nine months, effective December 1, 2003
x. Xxxxxx will make himself reasonably available for up to 40 hours
per month, as requested by BestNet.
3. Xxxxxx will list all BestNet assets currently in his control by fax to
the Company no later than non, November 24, 2003 and return said
assets to the Company no later than November 26, 2003
Signed: /s/ Xxxxxxx Xxxxxx
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Xxxxxxx Xxxxxx
BestNet Communications Corp.
Signed: /s/ Xxxx X. Xxxxxx
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Xxxx Xxxxxx
