EX-10.4
from S-4/A
1 page
Agreement Between: Swiftnet Limited and Abraham Keinan (Hereinafter Swiftnet) and Campbeltown Business Ltd. (Ct) 1) Ct Through Its Directors Has Introduced Swiftnet to Various Financial and Business Opportunities That Are Already Taken Advantage by and /or Explored by Swiftnet. 2) Swiftnet Hires Ct as Its Financial and Business Development Consultant. 3) Swiftnet Will Pay Ct 2000 Uk Pounds Per Month. 4) in Addition to Paragraph "3" Swiftnet Will Pay Ct a Performance Related Payment as Follows: A) in a Month That Swiftnet Revenues Are Between 125,000 to 150,000 Pounds Additional Amount of 1,250 Pounds (Sums to 3,250 Pounds Per Month) B) in a Month That Revenues Are Between 150,000 - 175,000 Pounds, Additional Amount of 2,500 Pounds (Sums to 4,500 Pounds). C) in a Month That Revenues Exceed 175,000 Pounds: Additional 275 Pounds (Sums to 4,750 Pounds Per Month). 5) This Agreement Is for 18 Months and Will Be Renewed by Mutual Agreement of Swiftnet and Ct. 6) Swiftnet Has the Option to Terminate the Agreement if Mr. Guy Nissenson and Mr. Haim Nissenson Are Not Involved With Ct. Signatures & Dates: - Swiftnet Ltd Campbeltown Business Ltd. - Abraham Keinan
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EX-10.1
from S-4/A
1 page
11 May 2000 Agreement Between: Side A: Swiftnet Limited and Abraham Keinan (Hereinafter Swiftnet) and Side B: Guy Nissenson (Hereinafter Nissenson) 1. Swiftnet Will Employ Nissenson for the Purpose of Business Development, Sales and Marketing. 2. Swiftnet Will Pay Nissenson One Thousand Pounds a Month. 3. in Case Swiftnet Reaches Average Sales of 175,000 Pounds Per Month (Average of Any Following Three Month), Mr. Nissenson Will Receive a Raise and His Salary Will Be 2000 Pounds Per Month. 4. Nissenson Will Receive Options to Buy Swiftnet and Other Companies That Will Buy or Merge Into Swiftnet in the Future According to the Following Formula: 50% of the Options That Abraham Keinan Will Receive. These Options Will Have the Same Price and Conditions as Abraham Keinan Options. 5. the Options Could Be Taken Progressively and Are Transferable (Nissenson Decision). 6. Swiftnet Will Have the Right to Cancel the Options Above When the Two Following Conditions Occur at the Same Time: Nissenson Does Not Work With Swiftnet and in the Time of Nissenson's Activities or 12 Month Afterwards Swiftnet and Other Companies That Will Buy or Merge Into Swiftnet in the Future Did Not Reach Even Once the Benchmark of 120,000 Uk Pounds Revenues Per Month (Will Be Calculated on an Average of Consecutive Three Months). in the Case of Swiftnet and Other Companies That Will Buy or Merge Into Swiftnet in the Future Not Reaching the 120,000 Benchmark and Goes Public / Has an Ownership Structure Change Before the End of the 12 Month Period the Options Will Be Granted. 7. Swiftnet and Nissenson Could Terminate This Agreement at Any Time. a One-Month Written Notice Must Be Issued Prior to Termination. 8. in Case of Termination Sections 4 to 6 Will Still Be Valid. Signatures: - Swiftnet Limited. Guy Nissenson
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