0000950130-02-007323 Sample Contracts

Mr. Charles H.F. Garner 125 East 72nd Street New York, NY 10021 April 22, 2002
Idt Corp • October 29th, 2002 • Telephone communications (no radiotelephone)

This letter outlines the agreement that we have reached concerning your separation of employment from IDT Corporation (“IDT” or the “Corporation”), and its subsidiaries and affiliates of March 18, 2002.

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AMENDED AND RESTATED OPERATING AGREEMENT of UNION TELECARD ALLIANCE, LLC
Operating Agreement • October 29th, 2002 • Idt Corp • Telephone communications (no radiotelephone) • New York

This AMENDED AND RESTATED OPERATING AGREEMENT OF UNION TELECARD ALLIANCE, LLC, a Delaware limited liability company (the “Company”), is made, entered into and effective as of April 24, 2002 (this “Agreement”), by and among UTCG Holdings LLC, a Delaware limited liability company (“Newco”), IDT Domestic-Union, LLC, a Delaware limited liability company (“IDT Domestic-Union”), IDT Corporation, a Delaware corporation (“IDT”), and the Company, and each other Person who, in accordance with the terms hereof, shall become a party to or be bound by the terms of this Agreement after the date hereof.

AMENDMENT NO. 1 TO THE SECURITIES PURCHASE AGREEMENT
Securities Purchase Agreement • October 29th, 2002 • Idt Corp • Telephone communications (no radiotelephone) • New York

This Amendment No. 1 to the Securities Purchase Agreement, dated as of May 1, 1998 (as amended by this Amendment No. 1, the “Securities Purchase Agreement”), is made and entered into as of April 24, 2002 (this “Amendment”), by and among UTCG Holdings LLC, a Delaware limited liability company (“Newco”), IDT Corporation, a Delaware corporation (“IDT”), and Union Telecard Alliance, LLC, a Delaware limited liability company (the “Company”). Capitalized terms not defined herein shall have the meanings ascribed to such terms in the Securities Purchase Agreement.

Lock-up, Registration Rights and Exchange Agreement
Rights and Exchange Agreement • October 29th, 2002 • Idt Corp • Telephone communications (no radiotelephone) • New York

LOCK-UP, REGISTRATION RIGHTS AND EXCHANGE AGREEMENT (this “Agreement”), dated as of June 6, 2000, by and between IDT Corporation, a Delaware corporation (the “Company”), and Liberty Media Corporation, a Delaware corporation (the “Investor”).

EMPLOYMENT AGREEMENT
Employment Agreement • October 29th, 2002 • Idt Corp • Telephone communications (no radiotelephone) • New Jersey

This EMPLOYMENT AGREEMENT (this “Agreement”), dated as of February 4, 2002, is by and between IDT Corporation, a Delaware corporation, with an address at 520 Broad Street, Newark, NJ 07102 (the “Company”), and Ephraim Brian Finkelstein, 5 Ash Street, Monsey, NY 0952 (the “Employee”).

UNIT PURCHASE AGREEMENT
Unit Purchase Agreement • October 29th, 2002 • Idt Corp • Telephone communications (no radiotelephone) • New York

This Unit Purchase Agreement is entered into as of the 10th day of April, 2002, by and between WCI Capital Corp., a Delaware corporation (the “Seller”), Dipchip Inc., a Delaware corporation (the “Buyer”), IDT Corporation, a Delaware corporation (“IDT”), and Winstar Holdings, LLC (formerly known as IDT Winstar Acquisition, LLC), a Delaware limited liability company (the “Company”) and consented and agreed to by IDT Advanced Communication Services, LLC, a Delaware limited liability company (“IACS”); and

AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • October 29th, 2002 • Idt Corp • Telephone communications (no radiotelephone)

Amendment dated as of October 24, 2002 (this “Amendment”) to the Employment Agreement dated February 4, 2002, by and between IDT Corporation (the “Company”) and E. Brian Finkelstein (the “Executive”) (the “Agreement”).

AMENDED AND RESTATED DISTRIBUTION AGREEMENT
Distribution Agreement • October 29th, 2002 • Idt Corp • Telephone communications (no radiotelephone) • New York

This AMENDED AND RESTATED DISTRIBUTION AGREEMENT, dated as of May 1, 2000, as amended on July 10, 2001 and further amended on July 27, 2001, and as amended and restated on April 24, 2002 (this “Agreement”), by and between IDT Netherlands, B.V. (“IDT”), a corporation organized and existing under the laws of The Netherlands having an office at Ganges Plaza, 108 Ganges Street, El Paraiso Industrial Park, Rio Piedras, PR 00926, and Union Telecard Alliance, LLC (“Distributor”), a limited liability company organized and existing under the laws of the State of Delaware having an office at 44 Cherry Valley Avenue, West Hempstead, NY 11552.

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