0001193125-06-115575 Sample Contracts

AXESSTEL, INC.
Stock Option Agreement • May 18th, 2006 • Axesstel Inc • Communications equipment, nec • California

Unless otherwise defined herein, the terms defined in the Axesstel, Inc. 2004 Equity Incentive Plan shall have the same defined meanings in this Option Agreement.

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EMPLOYMENT AGREEMENT
Employment Agreement • May 18th, 2006 • Axesstel Inc • Communications equipment, nec • California

This Employment Agreement (“Agreement”) is made and entered into as of May 16, 2006 by and between Marvin Tseu (“Tseu”) and Axesstel, Inc., a Nevada corporation (“Axesstel”), with respect to the following facts:

SEPARATION AGREEMENT AND GENERAL RELEASE
Separation Agreement • May 18th, 2006 • Axesstel Inc • Communications equipment, nec • California

This Separation Agreement and General Release (“Agreement”) is made and entered into by and between Mike Kwon (“Kwon”) and Axesstel, Inc., a Nevada corporation (“Axesstel”), and inures to the benefit of each of Axesstel’s current, former and future parents, subsidiaries, related entities, employee benefit plans and their fiduciaries, predecessors, successors, officers, directors, shareholders, agents, employees and assigns.

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