GLOBAL TELECOMMUNICATION SOLUTIONS, INC.
00 Xxxx Xxxx, Xxxxx 000
Xxxxxxx, Xxx Xxxxxx 000000
As of November 1, 1998
Mr. J. Xxxx Xxxxxxxxxx
00 Xxxx Xxxxx
Xxxxxxxxx, Xxx Xxxxxx 00000
Re: Agreement
Dear Xxxx:
This letter, effective upon your execution and its return, shall set
forth the complete agreement between you and Global Telecommunication Solutions,
Inc. ("GTS") in connection with those matters set forth herein.
1. Within seven days of the execution of this letter agreement, GTS
will pay you any amounts GTS has actually collected for the accounts receivable
of Centerpiece Communications, Inc. ("CCI") relating to the sale of prepaid
phone cards prior to February 1, 1998. All amounts paid under this section shall
be reduced by amounts CCI owes to GTS, Networks Around The World, Inc. and
Global Phonecards LLC for prepaid phone cards/personal identification numbers
acquired prior to February 1, 1998.
2. GTS agrees that it will continue to pay Xxxx Xxxxxxxxxx his current
salary on the current pay intervals for no less than three months after his
employment with GTS is terminated, unless otherwise agreed to by Xx. Xxxx
Xxxxxxxxxx.
3. GTS hereby conveys to you the two computers and a fax machine
described on Exhibit A (to be mutually agreed upon by the Company and J. Xxxx
Xxxxxxxxxx within seven days of the execution of this letter agreement) to this
letter Agreement. In the event GTS incurs and pays any sales tax in connection
with this conveyance, you agree to reimburse GTS for any amounts so incurred and
paid.
If this letter accurately sets forth our understanding and agreement
with respect to the matters set forth herein, please indicate by signing in the
space provided below and returning this letter agreement to me.
Very truly yours,
Global Telecommunication Solutions, Inc.
/s/ Xxxxx Xxxxxxx
By:________________________________
Xxxxx Xxxxxxx
Accepted and agreed to as of the 1st day of November, 1998:
/s/ J. Xxxx Xxxxxxxxxx
___________________________
J. Xxxx Xxxxxxxxxx
SCHEDULE A
One Dell Computer, 200 MHZ (plus built-in accessories)
One Dell Computer, 400 MHZ (plus built-in accessories)
One 20" monitor
One 15" monitor
One Printer
