0000948545-05-000057 Sample Contracts

ESCROW AGREEMENT
Escrow Agreement • July 15th, 2005 • Talk America Holdings Inc • Radiotelephone communications • Delaware

This ESCROW AGREEMENT (the “Agreement”) is dated as of July 13, 2005, by and among TALK AMERICA HOLDINGS, INC., a Delaware corporation (“Parent”), LDMI TELECOMMUNICATIONS, INC., a Michigan corporation (“Company”), each of KEVIN E. SHEEHAN, DAVID MCL. HILLMAN and WILLIAM C. MULLIGAN, as representatives of the Stockholders (as defined below) (each a “Representative” and, collectively, the “Representatives”) and U.S. BANK NATIONAL ASSOCIATION (the “Escrow Agent”).

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EMPLOYMENT AGREEMENT
Employment Agreement • July 15th, 2005 • Talk America Holdings Inc • Radiotelephone communications • Michigan

THIS EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into as of the 14th day of July, 2005, between Talk America Holdings, Inc., a Delaware corporation (“Talk America”) and Patrick O’Leary (“Employee”), and amends and supersedes that certain Employment Agreement dated January 1, 2004 between LDMI Telecommunications, Inc., a Michigan corporation and a wholly-owned subsidiary of Talk America (“Company”) and Employee.

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