EMPLOYMENT AGREEMENTEmployment Agreement • October 19th, 2006 • Global Telecom & Technology, Inc. • Blank checks • Delaware
This Employment Agreement (the “Agreement”) is made between Mercator Partners Acquisition Corp., Ltd., a Delaware corporation (the “Company”), and D. Michael Keenan (the “Executive”) and is entered into as of October 15, 2006 and shall become effective immediately after the closing pursuant to the Stock Purchase Agreement (the “Purchase Agreement”) entered into as of May 23, 2006 (the “Purchase Agreement Date”), by and among the Company, Global Internetworking, Inc., a Virginia corporation, the Executive, Todd J. Vecchio and Raymond E. Wiseman (the “Effective Date”).
Mercator Partners Acquisition Corp. One Fountain Square 11911 Freedom Drive, Suite 590 Reston, Virginia 20190 June 15, 2006Employment Agreement • October 19th, 2006 • Global Telecom & Technology, Inc. • Blank checks • Virginia
This Employment Agreement (“Agreement”) will serve to confirm the terms of your employment with Mercator Partners Acquisition Corp. (“Mercator” or “Company”) as Executive Chairman. In consideration of the mutual promises contained in this Agreement, you and Mercator agree to the following terms of employment.
FORM OF LOCKUP AGREEMENTForm of Lockup Agreement • October 19th, 2006 • Global Telecom & Technology, Inc. • Blank checks • Virginia
Reference is made to the Stock Purchase, dated May 23, 2006 (the “Stock Purchase Agreement”), by and among Mercator Partners Acquisition Corp., Ltd., a Delaware corporation (“Buyer”), Global Internetworking, Inc., a Virginia corporation (“Company”), and each of the following persons: D. Michael Keenan (“Keenan”), Todd J. Vecchio (“Vecchio”), and Raymond E. Wiseman (“Wiseman”), such persons being all of the stockholders of the Company (each a “Stockholder” and, collectively, the “Stockholders”). Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Stock Purchase Agreement.
