Exhibit 10.1
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I-LINK INCORPORATED
EMPLOYMENT AGREEMENT
Xxxx Xxxxxx, President
THIS EMPLOYMENT AGREEMENT (the "Agreement") is entered into by and
between I-LINK INCORPORATED, a Florida corporation with its principal place of
business at 00000 Xxxxx Xxxxxxxxx Xxxx Xxxxx, Xxxxx 000, Xxxx Xxxx Xxxx, Xxxx
00000 (the "Company"), and XXXX XXXXXX ("Employee"), effective this 3rd day of
January, 2000;
RECITALS
WHEREAS, the Company is in the business of developing, marketing and
providing telephony and communications technology, products and services; and
WHEREAS, Employee has acknowledged skills and experience in the
managing all aspects of telephony and communications technology companies; and
WHEREAS, the Company desires to retain the benefit of Employee's
knowledge, skills, and experience and assure itself of the ongoing right to
Employee's services from and after the date hereof, and is willing to do so on
the terms and conditions set forth in this Agreement; and
WHEREAS, Employee is willing and able to render services to the
Company, from and after the date hereof, on the terms and conditions set forth
in this Agreement; and
A G R E E M E N T S
NOW, THEREFORE, in consideration of the premises and the mutual
agreements, provisions, and covenants contained in this Agreement, the Company
and Employee hereby agree as follows:
1. Employment.
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(a) Title and Duties of Employee. Subject to all of the terms and
conditions herein provided, the Company hereby employs Employee in the position
of President, and Employee hereby accepts such employment with the Company.
Employee's duties shall consist of those generally associated with his title, as
well as those duties assigned to him from time-to-time by the Company,
consistent with Employee's position and qualifications and the best interests of
the Company. Specifically, Employee shall be employed to manage the operations
of the Company and its wholly-owned subsidiaries. Employee shall at all times be
subject to and shall observe and carry out such reasonable rules, regulations,
policies, directions, and restrictions as may be established from time-to-time
by the Company.
Employee agrees that the Company shall be entitled, at its option and cost, to
obtain "key man" life insurance on Employee, and that Employee will submit to
such reasonable physical examinations as may be required to obtain such
insurance.
(b) Performance. Throughout the Employment Term, Employee shall
devote his full business time, attention, knowledge, and skills, faithfully
diligently, and to the best of his ability, to the active performance of his
duties and responsibilities hereunder, and do such traveling as may reasonably
be required in connection with the performance of such duties and
responsibilities.
2. Term of Employment. Unless terminated as provided in Section
5 hereof, the term of this Agreement shall be for a period of three (3) years,
commencing on the date hereof and continuing through and including the day
immediately preceding the second anniversary of the date hereof (the "Initial
Period"), and thereafter shall automatically continue on a year-to-year basis
(including the Initial Period, the "Employment Term") unless either party shall
deliver written notice to the other party not more than sixty (60), nor less
than thirty (30), days preceding the expiration of the Initial Period or any
one-year extension thereof of its intention not to extend the term of this
Agreement.
3. Compensation and Benefits.
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(a) Salary. For services rendered by Employee to the Company and
upon the conditions that Employee fully and faithfully performs all of his
duties and obligations owed during the Employment Term under this Agreement, the
Company shall pay Employee an annual base salary equal to $200,000, payable in
equal semi-monthly installments, less income tax withholdings and other normal
employee deductions. This base salary set forth herein shall be reviewed
annually by the Company at the end of each fiscal year of the Company (hereafter
"Fiscal Year") (with the next such review to occur after the Fiscal Year ending
December 31, 2000, with respect to base salary for the Fiscal Year ending
December 31, 2001), or at such other times as deemed appropriate by the Company,
and may at the sole discretion of the Company, be adjusted by an amount which it
deems appropriate, provided that said base salary shall not be less than
$200,000. Employee shall be entitled to receive bonuses during the term of this
Agreement to the extent bonuses are declared by the Company's board of
directors.
(b) Bonus Compensation. Employee shall be eligible to receive such
bonus compensation, if any, as and when determined by the Company's board of
directors commensurate with Employee's position as a senior executive.
(c) Stock Options.
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(i) Time-Vested Options. The Company grants to Employee
non-qualified options to purchase 1,000,000 shares of its common stock
at an exercise price of $2.750 per common share, which is equal to the
closing price
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of the Company's publicly traded shares as of the effective date of
this Agreement (the "Time Options"). To the extent any number of the
Time Options are required to be subject to the vote of the Company's
shareholders under applicable law, rule or regulation, such number of
Time Options are granted subject to ratification by the Company's
shareholders at its next annual shareholders' meeting. The Time Options
shall vest in twelve equal quarterly increments over a three-year
period, with the first quarterly vesting to occur on the effective date
of this Agreement for that partial quarter ended March 31, 2000, the
second quarterly vesting to occur on April 1, 2000, and similarly on
the first day of each subsequent calendar quarter with the final
quarterly vesting to occur October 1, 2002. A change of control of the
Company shall not accelerate vesting of the Time Options, except in the
event of a change of control pursuant to which the Company's stock is
exchanged for the stock of another entity and the Time Options are not
rolled-over or otherwise exchanged for similar options of such entity
(with like terms and conditions). In such event all of Employee's then
unvested Time Options shall vest and be exercisable immediately prior
to the consummation of such transaction. It is the intent of the
parties that the Time Options continue to vest on a quarterly basis
according to their terms notwithstanding a change of control, without
being subject to loss or forfeiture by virtue of a change of control.
The Time Option grant shall be evidenced by a written Option Agreement,
the terms of which shall be consistent with the terms of this
Agreement. The Company's Board of Directors, at their sole discretion,
shall determine what number of additional stock options, if any, shall
be granted to Employee, and upon what terms.
(ii) Performance-Vested Options. The Company grants to
Employee non-qualified options to purchase 750,000 shares of its common
stock at an exercise price of $2.750 per common share, which is equal
to the closing price of the Company's publicly traded shares as of the
effective date of this Agreement (the "Performance Options"). To the
extent any number of the Performance Options are required to be subject
to the vote of the Company's shareholders under applicable law, rule or
regulation, such number of Performance Options are granted subject to
ratification by the Company's shareholders at its next annual
shareholders' meeting. 125,000 of the Performance Options shall vest
upon the Company's daily closing stock price attaining or exceeding
each of the following levels for more than 20 consecutive trading days:
$10, $12, $14, $16, $18, $20. A change of control of the Company shall
not accelerate vesting of the Performance Options, except in the event
of a change of control pursuant to which the Company's stock is
exchanged for the stock of another entity and the Performance Options
are not rolled-over or otherwise exchanged for similar options of such
entity (with like terms and conditions). In such event all of
Employee's then unvested Performance Options shall vest and be
exercisable immediately prior to the consummation of such transaction.
It is the intent of the parties that the Performance Options
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continue to vest on a quarterly basis according to their terms
notwithstanding a change of control, without being subject to loss or
forfeiture by virtue of a change of control. The Performance Option
grant shall be evidenced by a written Option Agreement, the terms of
which shall be consistent with the terms of this Agreement. The
Company's Board of Directors, at their sole discretion, shall determine
what number of additional stock options, if any, shall be granted to
Employee, and upon what terms.
(d) Benefits. During the Employment Term, Employee shall Be
eligible to participate in and receive coverage and benefits under all group
insurance, pension, profit-sharing, bonus, stock option, stock ownership, and
other employee benefit plans, programs, and arrangements of the Company which
are now or hereafter adopted by the Company for the benefit of its employees (or
the employees of any subsidiary or affiliate of the Company), subject to and on
a basis consistent with the terms, conditions, and overall administration of
such plans, programs, and arrangements.
(e) Expense Reimbursement. The Company shall reimburse Employee
for the business expenses reasonably incurred by Employee within the scope of
his employment, pursuant to standard employee expense reimbursement policy and
procedure as established by the Company.
4. Compensation Upon Termination or During Disability.
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(a) Compensation Upon Termination. If Employee's employment
hereunder is terminated under Section 5 hereof, the Company shall have no
further liability under this Agreement except (i) to pay Employee within ten
days of the Date of Termination any accrued salary or other compensation due
under this Agreement on the Date of Termination (or in the event of Employee's
subsequent death, to his estate or devisee, legatee, or other designee, as
applicable), and (ii) provide Employee, or his estate, or devisee, legatee, or
other designee, with any benefits payable (including any death benefit, if
applicable) under all employee benefit plans, programs, or arrangements of the
Company in which Employee is a participant on the Date of Termination.
(b) Compensation Upon Disability. During any period that Employee
fails to perform his duties hereunder as a result of incapacity due to a
"disabled condition," as such term is defined in Section 5(c) hereof (the
"disability period"), Employee shall continue to receive his full base salary at
the rate then in effect for the disability period until Employee's employment
hereunder is terminated pursuant to Section 5(c) hereof; provided, however, that
such salary payments so made to Employee during the first 120 days of the
disability period shall be reduced by the sum of the amounts, if any, actually
received by Employee prior to or during this period, as the result of such
incapacity, under any disability benefit plan of the Company in which Employee
participates.
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5. Termination.
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(a) With and Without Cause. This Agreement may be terminated at
any time by either the Company or the Employee for cause. As used herein, the
term "cause" shall mean and be limited to with respect to Employee (i) any
felony conviction of Employee; (ii) Employee's willful misconduct or failure to
reasonably perform in connection with the performance of Employee's duties,
responsibilities, agreements, and covenants hereunder, or Employee's refusal to
comply with the reasonable rules, regulations, policies, directions, and
restrictions as may be established from time-to-time by the Company, which
misconduct, non-performance, or refusal to so comply shall continue after
written notice from the Company, such notice to specify the respects in which
Employee is in violation; (iii) Employee's breach of the provisions of Sections
6 and 8 hereof; (iv) any illegal use by Employee of narcotics or other
controlled substances; or (v) Employee's inability to perform his duties and
responsibilities hereunder due to the issuance of an injunction or restraining
order, which is not rescinded within 45 days of issuance; and with respect to
the Company, any material breach of the terms of this Agreement which shall
continue after written notice from the Employee, such notice to specify the
respects in which the Company is in breach. This Agreement may be terminated at
any time without cause by Employee.
(b) Death. This Agreement shall terminate automatically upon the
death of Employee.
(c) Disability. In the event Employee becomes mentally or
physically disabled during the Employment Term, Employee's employment hereunder
shall terminate as of the date such disability is "established." As used in this
Subsection, the term "disabled" means suffering from any mental or physical
condition, other than that resulting from the use of alcohol or illegal use of
narcotics or other controlled substances, which renders Employee unable to
substantially perform all of his duties and services under this Agreement in a
satisfactory manner substantially similar to his previous performance (a
"disabled condition") for a period of one hundred twenty (120) consecutive days
or for more than one hundred twenty (120) days in any 12-month period. For
purposes of this Subsection, the date that Employee's disability is
"established" shall be, in the case of a disabled condition which exists for a
period of 120 consecutive days, the 121st day on which such disabled condition
exists, and, in the case of a disabled condition existing for more than 120 days
in any 12-month period, the 121st day on which such disabled condition exists.
(d) Impaired Health. Employee may terminate his employment
hereunder if his health should become impaired to an extent that makes his
continued performance of his duties and obligations hereunder hazardous to his
physical or mental health or his life ("impaired health"), provided that
Employee shall have furnished the Company with a written statement from a
qualified doctor to such effect and, provided further, that, at the Company's
request, Employee shall submit to an examination by a doctor selected by the
Company and such doctor shall have concurred in the conclusion of Employee's
doctor.
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(e) Reassignment, Relocation. This Agreement may be terminated by
Employee in the event of any of the following (i) without Employee's express
written consent, the assignment to Employee of any duties or the significant
reduction of Employee's duties, authority, or responsibilities, which is
inconsistent with Employee's duties, authority, or responsibilities in effect
immediately prior to such assignment, or the removal of Employee from such
duties, authority, or responsibilities; or (ii) without Employee's express
written consent, the relocation of Employee to a facility or a location more
than forty-five (45) miles from Employee's then-present location.
(f) Notice of Termination. Any termination of Employee's
employment hereunder by the Company or by Employee (other than termination
pursuant to Section 5(b) (death)) shall be communicated by written Notice of
Termination to the other party hereto. For purposes of this Agreement, a "Notice
of Termination" shall mean a notice which shall indicate the specific
termination provision in this Agreement relied upon and shall set forth in
reasonable detail the facts and circumstances claimed to provide a basis for
termination of Employee's employment hereunder under the Section and Subsection
so indicated.
(g) Date of Termination. "Date of Termination" shall mean the
following: if Employee's employment hereunder is terminated by (i) Sections 5(a)
(cause), 5(c) (disability), or 5(d) (impaired health), the date specified in the
Notice of Termination; (ii) 5(b) (death), the date of Employee's death; and
(iii) Section 5(e) (Reassignment, Relocation) 30 days after delivery of the
Notice of Termination; and (iv) for any other reason, the date on which the
Notice of Termination is given.
6. Confidential Information.
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(a) Disclosure and Use. Employee shall not disclose or use at any
time, either during or subsequent to the Employment Term, any trade secrets or
other confidential information, whether or not patentable or otherwise
protectable, of the Company or any other direct or indirect parent or subsidiary
of the Company (collectively referred to herein as the "Company"), including but
not limited to, information and lists relating to customers, suppliers,
compensation of employees or independent sales representatives, products and
product pricing, technical or non-technical data, programs, devices, methods,
techniques, drawings, processes, or financial data, of which Employee is or
becomes informed or aware during the Employment Term, whether or not developed
by Employee, except (i) as may be required for Employee to perform Employee's
employment duties with the Company, (ii) to the extent such information becomes
generally available to the public through no wrongful act of Employee, (iii)
information which must be disclosed as a result of a subpoena or other legal
process, after the Company has had the opportunity to request a suitable
protective order for such information, or (iv) unless Employee shall first
secure the Company's prior written authorization. This covenant shall survive
the termination of Employee's employment hereunder, and shall remain in effect
and be enforceable against Employee for so long as any such Company secret or
confidential information retains economic value, whether actual or potential,
from not being generally known to other persons who can obtain economic value
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from its disclosure or use. Employee shall execute such reasonable further
agreements and/or confirmations of Employee's obligations to the Company
concerning non-disclosure of Company trade secrets and confidential information
as the Company may reasonably require from time-to-time.
(b) Return of Materials. Upon termination of Employee's employment
hereunder, Employee shall promptly deliver to the Company all customers lists,
specifications, drawings, listings, documentation, manuals, letters, notes,
notebooks, reports, computer programs, computer files, and copies thereof, and
all other materials of a secret or confidential nature relating to the Company's
business, which are in the possession or under the control of Employee.
7. Inventions and Discoveries.
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(a) Disclosure of Employment Invention. Employee agrees for
himself and his heirs, executors, and administrators that Employee will, without
further consideration, disclose immediately to a person designated by the
Company as its agent to receive such disclosures each and every discovery,
invention, part thereof or improvement thereon, or works of authorship, as
defined below ("Employment Invention") which Employee may conceive, develop,
reduce to practice, or create, either solely or jointly with others, which is:
(i) conceived, developed, reduced to practice or created (a)
within the scope of Employee's employment, or (b) on the Company's
time, or (c) with the aid, assistance, or use of any of the Company's
property, equipment, facilities, supplies, resources, or intellectual
property; or
(ii) the result of any work, services, or duties performed by
Employee for the Company; or
(iii) related to the current or demonstrably anticipated
business, research, or development of the Company.
(b) Assignment of Employee Invention. Employee hereby irrevocably
assigns to the Company all of Employee's entire rights, title, interest, and
Intellectual Property in and to the Employment Inventions referred to in Section
7(a), and will upon request and without further consideration do everything
reasonably necessary or required to vest in the Company Employee's entire right,
title, interest, and Intellectual Property in and to such Employment Inventions
including executing all instruments and documents and performing all acts
reasonably necessary or required for making, filing, or presenting any
applicable for the benefit of the Company for Letters Patent or Copyrights in
the United States or throughout the world for such Employment Inventions and
executing assignments of such patents or applications thereof for the Company.
(c) Definitions. As used herein, "Intellectual Property" means any
and all patents, trade secrets, know-how, technology, confidential information,
ideas, copyrights,
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trademarks, and service marks and any and all rights, applications, and
registrations relating to them. "Works of authorship" mean any original work of
authorship within the purview of the copyright laws of the United States, and
both parties agree that all works of authorship created by Employee under
Section 7(a) shall be works for hire within the meaning and purview of such
copyright laws.
(d) Exclusions. The foregoing provisions of Sections 7(a) and 8(b)
do not apply to any invention not included in Section 7(a) as an Employment
Invention and created by Employee entirely on his own time and with his own
resources.
(e) Recordkeeping. Employee agrees to keep and maintain, or assist
in keeping and maintaining, such records (such as laboratory notebooks properly
and periodically witnessed and understood) as will show the conception,
reduction to practice and operation of all Employment Inventions, as well as
such other records as the Company may request, which records shall be and remain
the property of and available to, the Company.
8. Restrictive Covenant.
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(a) Restriction on Competition During Employment Term. So long as
Employee is employed by the Company, Employee shall not, without the prior
written authorization of the Company, render services of a business,
professional or commercial nature (whether for compensation or otherwise) to any
person or entity engaged in any business which competes with the Company (a
"Competitive Business") during the Employment Term, or engage in any activity
whether alone, as a partner, or as an officer, director, employee, consultant
independent contractor, or stockholder in any Competitive Business.
Notwithstanding the foregoing, this section shall not prevent Employee from
purchasing an equity interest in any Competitive Business as a strictly passive
investment and which does not comprise more than Five Percent (5%) of such
Competitive Business's then-outstanding stock.
(b) Restriction on Competition Following Termination. During the
one-year period following the applicable Date of Termination (the "Non-Compete
Period"), Employee shall not:
(i) engage in business as, or own an interest in, any
individual proprietorship, partnership, corporation, limited liability
company, joint venture, trust, or any other form of business entity,
whether as an individual proprietor, partner, shareholder, joint
venturer, officer, director, consultant, finder, broker, employee,
trustee, or in any other manner whatsoever if such entity, within any
state, province, country or other jurisdiction in which the Company
markets and sells and/or licenses its technologies, products and
services, markets products and/or services performing substantially the
same functions as the Company's technologies, products and/or services,
or any other technologies, products and/or services that are being
developed, designed, manufactured, or sold by the Company as of the
commencement of the Non-Compete Period; or
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(ii) attempt in any manner to solicit from any customer
business of the type performed by the Company or to persuade any
customer of the Company to cease doing business or to reduce the amount
of business which any such customer has customarily done or
contemplates doing with the Company, whether or not the relationship
between the Company and such customer was originally established in
whole or in part through Employee's efforts; or
(iii) solicit or induce any employee of the Company to
terminate their employment with the Company.
As used in this Section 8, the verb "employ" shall include its variations, for
example, retain, engage, or conduct business with; the term the "Company" shall
include subsidiaries, a parent, or affiliates, if any, of the Company; and the
term "customer" shall mean anyone who is a customer of the Company as of the
date immediately prior to or at any time during the Non-Compete Period. The term
"solicit" shall not be deemed to include general solicitations not specifically
directed toward customers of the Company. Notwithstanding the foregoing, nothing
in this Section 8 shall limit Employee's ability during the Non-Compete Period
to seek employment by a Competitive Business if Employee refrains from providing
services of any kind to said Competitive Business until the expiration of the
Non-Compete Period, at all times subject to the duty of confidentiality set
forth in Section 6 above.
(c) Acknowledgment. The parties acknowledge that the time, scope,
geographic area, and other provisions of this Agreement have been specifically
negotiated by the parties and agree that all such provisions are reasonable
under the circumstances and are given as an integral and essential part of
Employee's employment hereunder. In the event that any covenant contained in
this Agreement shall be determined by any court of competent jurisdiction to be
unenforceable by reason of its extending for too great a period of time or over
too great a geographical area or by reason of its being too extensive in any
other respect, it shall be interpreted to extend only over a maximum period of
time for which it may be enforceable and/or over the maximum geographical area
as to which it may be enforceable and/or to the maximum intent in all other
respects as to which it may be enforceable, all as determined by such court in
such action.
9. Severability. If any provision of this Agreement is held invalid
or unenforceable, either in its entirety or by virtue of its scope or
application to given circumstances, such provision shall thereupon be deemed
modified only to the extent necessary to render same valid, or not applicable to
given circumstances, or excised from this Agreement, as the situation may
require, and this Agreement shall be construed and enforced as if such provision
had been included herein as so modified in scope or application, or had not been
included herein, as the case may be. Should this Agreement, or any one or more
of its provisions hereof, be held to be invalid, illegal, or unenforceable
within any governmental jurisdiction or subdivision thereof, the Agreement or
any such provision or provisions shall not as a consequence thereof be deemed to
be invalid, illegal, or unenforceable in any other governmental jurisdiction or
subdivision thereof.
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10. Enforcement. Except for the injunctive relief provided for
immediately below, any dispute or controversy arising under or in connection
with this Agreement shall be settled exclusively by arbitration, conducted
before a panel of three arbitrators sitting in a location selected by the party
bringing the claim, in accordance with the rules of the American Arbitration
Association then in effect. Judgment may be entered on the arbitrators' award in
any court having jurisdiction. Notwithstanding the foregoing, Employee hereby
acknowledges that the Company would suffer irreparable injury if the provisions
of Sections 6 through 8 above, which shall survive the termination of the
Agreement, were breached and that the Company's remedies at law would be
inadequate in the event of such breach. Accordingly, Employee hereby agrees that
any such breach or threatened breach may, in addition to any and all other
available remedies, be preliminarily enjoined by the Company.
11. Legal Fees and Expenses. In the event of litigation under this
Agreement, each of the Company and Employee shall pay its own attorneys' fees
and expenses.
12. Non-Assignability. In light of the unique personal services to be
performed by Employee hereunder, it is acknowledged and agreed that any
purported or attempted assignment or transfer by either party of this Agreement
or any of Employee's duties, responsibilities, or obligations hereunder shall be
void, and if purported or attempted by Employer other than pursuant to Section
14(e) below, shall be considered a termination without cause by Employer under
Paragraph 5(e).
13. Notices. Any notice, request, demand, or other communication
required or permitted under this Agreement shall be in writing and shall be
deemed to have been given when delivered personally or when mailed by certified
mail, return-receipt requested, addressed as follows:
To the Company: I-Link Incorporated
13751 So. Xxxxxxxxx Xxxx Xxxxx
Xxxxxx, XX 00000
Attn: Xxxx X. Xxxxxxx, CEO
With copy to: Xxxxx X. Xxxxx, Esq.
Hardy & Xxxxx
000 Xxxx Xxxxx Xxxxxx
Xxxx Xxxx Xxxx, XX 00000
To Employee: Xxxx Xxxxxx
0 Xxxx Xxxxxx, Xxxxx 000
Xxxxxxxxx, Xxx Xxxxxx 00000
or to such other address or addresses as may be specified from time-to-time by
notice; provided, however, that any notice of change of address shall not be
effective until its receipt by the party to be charged therewith.
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14. General.
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(a) Amendments. neither this Agreement nor any of the terms or
conditions hereof may be waived, amended, or modified except by means of a
written instrument duly executed by the party to be charged therewith.
(b) Captions and Headings. The captions and paragraph headings
used in this Agreement are for convenience of reference only, and shall not
affect the construction or interpretation of this Agreement or any of the
provisions hereof.
(c) Successors and Assigns. This Agreement and Employee's duties
and rights hereunder shall not be assignable by Employee. This Agreement and the
Company's duties and rights hereunder shall not be assignable except in the
event of a merger, acquisition, sale of substantially all of the assets of the
Company, or other bona fide business reorganization to which the Company is a
party. This Agreement shall be binding upon and shall inure to the benefit of
the parties hereto and their respective heirs, executors, administrators,
personal representatives, successors, and permitted assigns.
(d) Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original hereof, but all of
which together shall constitute one and the same instrument.
(e) Entire Agreement. Except as otherwise set forth or referred to
in this Agreement, this Agreement constitutes the sole and entire agreement and
understanding between the parties hereto as to the subject matter hereof, and
supersedes all prior discussions, agreements, and understandings of every kind
and nature between them as to such subject matter.
(f) Reliance by Third Parties. This Agreement is intended for the
sole and exclusive benefit of the parties hereto and their respective heirs,
executors, administrators, personal representatives, successors, and permitted
assigns, and no other person or entity shall have any right to rely on this
Agreement or to claim or derive any benefit therefrom absent the express written
consent of the party to be charged with such reliance or benefit.
(g) Governing Law. This Agreement shall be construed in accordance
with governed by the laws of the State of Utah.
(h) Inclusive of Subsidiaries. All references to the Company
herein shall include reference to each of the Company's wholly-owned
subsidiaries.
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
and as of the date first set forth above.
I-LINK INCORPORATED
By:
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Xxxx X. Xxxxxxx, CEO
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XXXX XXXXXX
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