0000932440-11-001035 Sample Contracts

REVISED EMPLOYMENT AGREEMENT
Revised Employment Agreement • September 16th, 2011 • Global Telecom & Technology, Inc. • Telephone communications (no radiotelephone) • Delaware

This Revised Employment Agreement (the “ Agreement ”) is made between Global Telecom & Technology, Inc., a Delaware corporation (the “ Company ”), and Chris McKee (the “ Executive ”), is entered into as of September 12, 2011 and shall become effective immediately upon signature and has already been approved by the Compensation Committee of the Company’s Board of Directors. This Agreement amends and replaces a prior Employment Term Sheet between the Company and the Executive entered into as of April 28, 2008 except that the Executive’s employment as General Counsel remains as having an April 28, 2008 start date (“Effective Date”).

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Amendment No. 2
Employment Agreement • September 16th, 2011 • Global Telecom & Technology, Inc. • Telephone communications (no radiotelephone)

This Amendment No. 2 ("Amendment") to the Employment Agreement (“Agreement”) is made as of September 12, 2011 ("Amendment Effective Date") by and between Global Telecom & Technology, Inc. (“Company”) and Richard D. Calder, Jr. (“Executive”).

Amendment No. 1 To Employment Agreement
Employment Agreement • September 16th, 2011 • Global Telecom & Technology, Inc. • Telephone communications (no radiotelephone)

This Amendment No. 1 ("Amendment") to the Employment Agreement (“Agreement”) is made as of September 12, 2011 ("Amendment Effective Date") by and between Global Telecom & Technology, Inc. (“Company”) and Eric Swank (“Executive”).

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