EXHIBIT 4.5
AGREEMENT REGARDING COMPENSATION OF EMPLOYEE
This Agreement ("Agreement") is entered into effective as of February 19,
1998, between American TeleSource International Inc., an Ontario, Canada,
corporation (the "Company"), and Xxxxx Xxxxx ("Xxxxx").
In recognition of the future services of Mella as an employee of the
Company, and as an incentive to Mella to contribute to the future success of the
Company, the Company agrees that Mella shall be granted a nonqualified option to
purchase up to 30,000 shares of Common Stock, no par value, of the Company (the
"Common Stock"), at a purchase price of $2.03 per share. The parties hereto
acknowledge that such option is evidenced by that certain Nonqualified Stock
Option Agreement dated effective as of the effective date hereof between the
Company and Mella, a copy of which is attached hereto as Annex A.
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The undersigned parties have executed this Agreement effective as of the
date first written above.
AMERICAN TELESOURCE
INTERNATIONAL INC.
By: /s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx, President
/s/ Xxxxx Xxxxx
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XXXXX XXXXX
