0001019687-07-001365 Sample Contracts

FORM OF AMENDED AND RESTATED VARIABLE RATE CONVERTIBLE DEBENTURE DUE MARCH 2009
Convertible Security Agreement • May 11th, 2007 • Pacificnet Inc • Communications equipment, nec • New York

THIS VARIABLE RATE CONVERTIBLE DEBENTURE is one of a series of duly authorized and validly issued Convertible Debentures of PacificNet, Inc., a Delaware corporation, having its principal place of business at 601 New Bright Building, 11 Sheung Yuet Road, Kowloon Bay, Kowloon, Hong Kong (the “Company”), designated as its Variable Rate Convertible Debenture, due March 2009 (this debenture, the “Debenture” and collectively with the other such series of debentures, the “Debentures”).

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PACIFICNET INC. EXECUTIVE EMPLOYMENT CONTRACT
Executive Employment Contract • May 11th, 2007 • Pacificnet Inc • Communications equipment, nec

THIS EMPLOYMENT CONTRACT (“CONTRACT”) is made as of the 25th day of March, 2003, by and between PacificNet Inc., a company registered in the State of Delaware, USA, with its primary office located at 860 Blue Gentian Road, Suite 360, Eagan, MN 55121-1575, USA (“PacificNet” or “Company”);

PACIFICNET INC. EXECUTIVE EMPLOYMENT CONTRACT
Executive Employment Contract • May 11th, 2007 • Pacificnet Inc • Communications equipment, nec

THIS EMPLOYMENT CONTRACT (“CONTRACT”) is made as of the 30th day of December, 2002, by and between PacificNet Inc., a company registered in the State of Delaware, USA, with its primary office located at 860 Blue Gentian Road, Suite 360, Eagan, MN 55121-1575, USA (“PacificNet” or “Company”); and Mr. Tony I Tong. (“Executive”).

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