EXHIBIT 10.12
                                  -------------

                                    AGREEMENT

         Agreement  made and  entered  into as of the tenth  day of July,  2003,
between  and  among  CCC  GlobalCom   Corporation  (the  "Company"),   a  Nevada
corporation,  Z. A. Hakim ("Hakim"), an individual, AMT Trading, Inc., a foreign
corporation ("AMT"), and CCC Communications LTD., a foreign ("CCCC"). Hakim, AMT
and CCC  are  sometimes  collectively  referred  to as the  "Hakim  Group".  The
Company,  Hakim,  AMT and  CCCC  shall  sometimes  hereinafter  be  referred  to
collectively as the "Parties" and individually as a "Party".

                                    RECITALS
                                    --------

         As  of  the  date  of  this  Agreement,  the  Company  has  100,000,000
authorized   shares  of  common  stock,  of  which  __________  are  issued  and
outstanding. Hakim was a formerly and officer and a director of the Company. AMT
and CCCC are affiliates of Hakim.  Together,  Hakim,  AMT and CCCC own 8,939,482
shares (the "Hakim Group Shares") of the current,  total issued and  outstanding
shares of common  stock in the  Company.  The number of shares  owned by each of
Hakim, AMT and CCCC is set forth on Exhibit "A" attached hereto.

         The Company desires to redeem  6,939,428 of the Hakim Group Shares (the
"Redeemed  Shares") and Hakim, AMT and CCCC have agreed to transfer,  assign and
convey to the Company the Redeemed  Shares  pursuant to the terms and conditions
set forth in this  Agreement.  Exhibit  "A" sets  forth the  number of  Redeemed
Shares to be redeemed from each of Hakim, AMT and CCCC. The Hakim Group believes
that as a result of the redemption of the Redeemed Shares,  the Company may have
increased opportunities to obtain additional financing.

         After the  redemption  of the  Redeemed  Shares,  the Hakim Group shall
collectively  own a total of 2,000,000 shares of the Company's common stock (the
"Retained Shares"). Each of the Retained Shares shall be subject to transfer and
resale restrictions as set forth in this Agreement (the "Lockup Provisions").

         The  Company  and Hakim are also  parties  to that  certain  Employment
Agreement dated effective  February 16, 2001, a copy of which is attached hereto
and  incorporated  herein as Exhibit "B". The Company and Hakim have agreed that
it is in their best interests to terminate Hakim's employment with the Company.

         The Parties  further desire to settle certain other issues and disputes
upon the terms and conditions set forth in this Agreement.

                                    AGREEMENT
                                    ---------

         NOW,  THEREFORE,  in consideration of this Agreement and other good and
valuable  consideration,   the  receipt  and  sufficiency  of  which  is  hereby
acknowledged, the Parties agree as follows:

         1. Recitals.  The foregoing  Recitals are  incorporated  herein by this
reference and shall be deemed contractual and not mere recitals.

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<PAGE>

         2.  Termination of Employment.  The Parties  acknowledge and agree that
Hakim's  employment with the Company shall be deemed terminated  effective as of
June  11,   2003.   Hakim  shall  be  entitled   to   compensation   ("Severance
Compensation")  for a period of four  months  from the date June 11,  2003.  The
total Severance Compensation shall be $0.00, from which the Company shall deduct
required taxes. The Severance  Compensation  shall be payable as follows:  (i) a
gross  payment of $0.00  payable on  __------__,  2003,  (ii) a gross payment of
$0.00  payable on  __------__,  2003,  (iii) a gross payment of $0.00 payable on
__------__, 2003, and (iv) a gross payment of $0.00 payable on __------__, 2003.
The checks delivered to Hakim shall be net payments  representing the net amount
remaining after all required taxes and other government deductions are deducting
from the gross amount of Severance Compensation.

         3. Redemption of Redeemed  Shares.  Hakim, AMT and CCCC each transfers,
assigns and conveys to the Company,  and the Company hereby redeems from each of
Hakim,  AMT and CCCC,  all of the  Redeemed  Shares  for $100  (the  "Redemption
Price")  to be paid to each of  Hakim,  AMT and  CCCC.  Simultaneously  with the
Company's  payment of the Redemption  Price,  each of Hakim,  AMT and CCCC shall
deliver to the Company,  properly  endorsed,  all of the stock certificates that
evidence the Redeemed  Shares.  The Redemption  shall be deemed to have occurred
upon the execution of this Agreement. The Company intends to cancel the Redeemed
Shares. Each of Hakim, AMT and CCCC believes that the redemption of their shares
by the Company  upon the terms and  conditions  of this  agreement is in each of
their best interests.

         4. Resignation as Officer and Director.  Effective June 11, 2003, Hakim
resigned as an officer  and  director of the  Company.  Simultaneously  with the
execution  of  this  Agreement,  Hakim  shall  give  the  Company  any  and  all
information and  documentation of any kind in his possession or control relating
in any manner to the business activities and operations of the Company.

         5. Mutual Releases. Except as expressly reserved in this Agreement, the
Company and Hakim hereby mutually waive,  discharge,  acquit and release any and
all claims, demands, damages, losses, expenses, reimbursements, debts, payments,
liabilities,  costs and causes of action of every  kind,  nature and  character,
that they now have or may have in the  future,  whether  now  known or  unknown,
contingent  or  liquidated,  against  each  other  and all of  their  respective
employees,   officers,   shareholders,   directors,   agents,   representatives,
attorneys,  and all other related individuals and entities, in any way resulting
from any fact, circumstance, event, happening, omission, or occurrence connected
with,  related  directly  or  indirectly  to,  or  arising  from the  Employment
Agreement,  the Company's business and Hakim's service as an employee,  officer,
Chief Executive Officer, Chairman of the Board and director of the Company.

         6. Lockup.  Each of Hakim, AMT and CCCC agree,  that upon the execution
of this agreement,  to enter into a Lockup Agreement in the Form of Exhibit C-1,
C-2 and C-3  respectively,  attached  hereto and by this  reference  made a part
hereof.

         7.  Representations  and  Warranties  of Hakim,  AMT and CCCC.  Each of
Hakim,  AMT and CCCC hereby  represents  and warrants to the Company,  as of the
date of this Agreement as follows:

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<PAGE>

              7.1 Each of Hakim,  AMT and CCCC is the legal and beneficial owner
         of the  Redeemed  Shares  free and  clear of all  liens,  encumbrances,
         equities, and claims whatsoever.

              7.2 Each of  Hakim,  AMT and CCCC has the  full  legal  right  and
         power,  and all  approvals  required  by law to  transfer,  convey  and
         deliver their respective shares in the manner provided herein, and such
         transfer,  conveyance  and delivery will not constitute a violation of,
         or a default under,  any contract,  law,  instrument,  or obligation to
         which he or it is a party  or by  which  he or it is  bound  including,
         without  limitation,  any rights of first refusal,  rights to purchase,
         first rights to purchase,  options to purchase,  or the like, otherwise
         applicable to the Redeemed Shares.

              7.3 None of Hakim, AMT and CCCC has relied on any  representations
         or  warranties  of the  Company,  or  any  Company  employee,  officer,
         shareholder,  director,  agent or representative as to the value of the
         Redeemed Shares,  the value,  operations,  finances or prospects of the
         Company, or their businesses, or otherwise.

         8. Survival of Representations and Warranties.  All representations and
warranties made by the Parties in this Agreement shall survive the execution and
delivery hereof and the completion of the transactions contemplated hereby.

         9.  Indemnification.  Each Party agrees to indemnify,  defend, and hold
harmless  the other  Parties  from and against any and all loss,  liability,  or
damage, of any nature,  arising out of or due to a breach of any representation,
warranty, obligation or undertaking of such Party contained in this Agreement.

         10. Default; Remedies. In the event of a breach or default by any Party
of any of its representations,  warranties,  duties,  obligations,  or covenants
hereunder,  any affected  non-breaching  Party shall send written notice of such
breach or default to the breaching  Party,  who shall then have thirty (30) days
in which to cure such breach or default.  In the event that the breaching  Party
fails to cure the  applicable  breach or default  within  such  thirty  (30) day
period,  the  affected  non-breaching  Party shall be  entitled to exercise  all
remedies available to it, whether by agreement, at law, or in equity.

         11.  Arbitration.  Any  controversy  or  dispute  arising  out of or in
connection with this  Agreement,  which the Parties are unable to resolve within
the time periods provided herein,  may be submitted to arbitration by any Party.
If a controversy or dispute is submitted to arbitration,  such arbitration shall
be conducted in accordance with and pursuant to the commercial arbitration rules
of the  American  Arbitration  Association.  The  decisions  arising out of such
arbitration shall be fully and finally binding upon all of the Parties. Any such
arbitration shall take place in Houston,  Texas. Judgment upon any award granted
in such  arbitration  may be entered in any court  where the  arbitration  takes
place and any court having proper jurisdiction.

                                       3
<PAGE>

         12. General Provisions.

              12.1   Notices.   All  notices   consents,   waivers,   and  other
         communications  under this  Agreement  must be in  writing  and will be
         deemed  to have been duly  given  when:  (i)  delivered  by hand  (with
         written confirmation of receipt), (ii) sent by telecopier (with written
         confirmation of receipt),  provided that a copy is mailed by registered
         or certified mail, return receipt requested,  or (iii) when received by
         the addressee,  if sent by a nationally  recognized  overnight delivery
         service  (receipt  requested)  to such other  address or  addresses  or
         telecopier  numbers  as any Party may from  time to time  designate  by
         notice to the other Parties.

              12.2  Waiver.  The  rights  and  remedies  of the  Parties to this
         Agreement are cumulative and not  alternative.  Neither the failure nor
         any delay by any Party in  exercising  any right,  power,  or privilege
         under this  Agreement or the  documents  referred to in this  Agreement
         will operate as a waiver of such right,  power,  or  privilege,  and no
         single or partial exercise of any such right,  power, or privilege will
         preclude  any  other or  further  exercise  of such  right,  power,  or
         privilege or the exercise of any other right, power, or privilege.

              12.3  Entire  Agreement.   This  Agreement  supersedes  all  prior
         agreements  between the Parties with  respect to its  specific  subject
         matter  set forth  herein and  constitutes  (along  with the  documents
         referred to in this  Agreement) a complete and  exclusive  statement of
         the terms of the  agreement  between the Parties  with  respect to such
         subject  matter.  This Agreement may not be amended except by a written
         agreement executed by the Party to be charged with the amendment.

              12.4  Further  Assurances.  The Parties  agree (i) to furnish upon
         reasonable  request  to each other such  further  information;  (ii) to
         execute and deliver to each other such other documents; and (iii) to do
         such  other  acts and  things,  all as any other  Party may  reasonably
         request for the purpose of carrying out the purposes and intent of this
         Agreement and the documents referred to in this Agreement.

              12.5 Governing Law;  Jurisdiction and Venue. The Laws of the State
         of Texas shall govern this Agreement,  including,  without  limitation,
         the  interpretation,  construction  and  validity  hereof.  The Parties
         hereby irrevocably  submit to the exclusive  jurisdiction of any court,
         state or  federal,  in Harris  County,  Texas and  further  irrevocably
         waives,  to the fullest extent permitted by applicable law, any and all
         rights to a trial by jury in any action or proceeding arising out of or
         in connection with this Agreement or the subject matter hereof.

              12.6  Severability.  If any  provision  of this  Agreement is held
         invalid or  unenforceable by any court of competent  jurisdiction,  the
         other  provisions  of this  Agreement  will  remain  in full  force and
         effect.  Any provision of this Agreement held invalid or  unenforceable
         only in part or  degree  will  remain in full  force and  effect to the
         extent not held invalid or unenforceable.

                                       4
<PAGE>

              12.7 Execution in Counterparts.  This Agreement may be executed in
         one or more counterparts, each of which will be deemed an original copy
         of the Agreement and all of which, when taken together,  will be deemed
         to constitute one and the same agreement.

              12.8 Assignments,  Successors and No Third-Party  Rights. No Party
         may assign any of its rights  under this  Agreement  without the prior,
         written consent of the other Parties, which consent may be withheld for
         any reason.  Subject to the preceding  sentence,  this  Agreement  will
         apply to, be binding in all respects  upon, and inure to the benefit of
         the  successors and permitted  assigns of the Parties.  Notwithstanding
         anything contained in this Section 18.H. or elsewhere in this Agreement
         to the  contrary,  the  Company  shall  be  permitted  to  assign  this
         Agreement in connection  with the sale of all or  substantially  all of
         the assets or stock of the  Company  without  the  consent of any other
         Party.

              12.9  Interpretation.  No  provision  of  this  Agreement  will be
         interpreted  in favor  of, or  against,  any of the  Parties  hereto by
         reason  of  the  extent  to  which  any  such  Party  or  its   counsel
         participated  in the  drafting  thereof  or by reason of the  extent to
         which any such provision is inconsistent with any prior draft hereof or
         thereof.

              12.10  Attorney  Fees and Expenses in the Event of Breach.  In the
         event of a breach  or  default  by one of the  Parties  hereunder  (the
         Breaching Party"), such Breaching Party shall pay to the other Party or
         Parties  (collectively,  the  "Non-breaching  Party")  enforcement  and
         collection  costs,  including  reasonable  attorneys'  fees  and  legal
         expenses,  regardless  of  whether  breach  is  ultimately  cured,  and
         regardless of whether formal legal proceedings are commenced.

              12.11  Captions.  The  captions  used  in this  Agreement  are for
         convenience  only,  and shall not be  construed to limit or amplify the
         terms, conditions and provisions of this Agreement.


         IN WITNESS WHEREOF,  the Parties have executed this Agreement as of the
date above first written.

                                          CCC GlobalCom Corporation

                                          By:
                                             --------------------------------
                                               Paul Licata, CEO and President


                                          Z.A. HAKIM

                                          ------------------------------------



                                       5
<PAGE>




                                          AMT TRADING.


                                          By:
                                            ----------------------------------
                                                  Its: __________

                                          CCC COMMUNICATIONS


                                          By:
                                            ----------------------------------
                                                  Its: __________


                                       6
<PAGE>

                                   EXHIBIT "A"
                         Stock Ownership of Hakim Group
<TABLE>
<CAPTION>

                                                                                           Shares Owned
Shareholder                           Shares Owned              Shares Redeemed          After Redemption

<S>                                   <C>                       <C>                     <C>
Z.A. Hakim                            ------------              ---------------         -----------------
AMT Trading                           ------------              ---------------         -----------------
CCC Communications                    ------------              ---------------         -----------------

Total                                    8,939,428                    6,939,428                 2,000,000
</TABLE>



                                       7
<PAGE>

                                   EXHIBIT "B"
                              Employment Agreement



                                       8
<PAGE>


                                   EXHIBIT "C"
                                Lock-Up Agreement


                                       9