Document:

Agreement between David Feuerstein and Registrant, dated October 22, 2005

 Exhibit 10.14 
  
 AMERICAN TELECOM SERVICES, INC. 
  
 October 22, 2005 
  
 Mr. David Feuerstein 
 29 Revadim 
 Jerusalem, Israel 93391 
  
 Dear David: 
  
 As discussed, we are prepared to allow you to participate in certain revenue
sharing arrangements on the terms and subject to the conditions set forth below. 
  
 1. American Telecom Services, Inc. (“we” or “ATS”) shall pay to you (“you” or “Feuerstein”) (each of ATS and Feuerstein, a “Party” and collectively, the
“Parties”) during the Term (as defined): 
  
 (a) one
quarter of one percent (0.25%) of all net revenues collected by ATS during each year of the Term directly attributable to the sale of (i) digital cordless multi-handset phone systems, (ii) multi-handset VOIP telephones and
(iii) related telephone hardware components ((i),(ii) and (iii), collectively, “Hardware”), subject to a maximum aggregate amount of two hundred and fifty thousand dollars ($250,000) for such year. For purposes of this subparagraph
2(a), “net revenue” shall mean ATS’s gross amounts of billing on Hardware sold to retailers less (I) sales and other taxes, postage, cost of freight and disbursements included in such bills and (II) allowances granted to such
retailers including, without limitation, advertising and promotional allowances, markdowns, discounts, returns and commissions. 
  
 (b) five percent (5%) of all net revenues collected by ATS from IDT Puerto Rico & Co. (“IDT”) (or any assignee of IDT under the
IDT Agreement (as defined)) during each year of the Term directly attributable to that certain agreement dated as of November 25, 2003 by and between ATS and IDT for the provision of long distance communications services (the agreement, as
amended or replaced by a future agreement relating to the same subject matter between the parties, but only to the extent it relates to the provision of long-distance communications services, the “IDT Agreement”), subject to a maximum
aggregate amount of two hundred and fifty thousand dollars ($250,000) for such year. For purposes of this subparagraph 2(b), “net revenues” shall mean payments to which ATS is entitled under the IDT Agreement less service provider
deductions provided under the IDT Agreement including, without limitation, reserves for service outages, customer hold backs and expenses. The revenue sharing allocation described in the subparagraph 1(b) shall hereinafter be referred to as the
“IDT Revenue Sharing Allocation.” 

 (c) two percent (2%) of all net revenues collected by ATS from Sunrocket, Inc.
(“Sunrocket”) (or any assignee of Sunrocket under the Sunrocket Agreement (as defined)) during each year of the Term directly attributable to that certain agreement dated as of June 7, 2005 by and between ATS and Sunrocket for the
provision of Internet-based communications services (the agreement, as amended or replaced by a future agreement relating to the same subject matter between the parties, but only to the extent it relates to the provision of Internet-based
communications services, the “Sunrocket Agreement”), subject to a maximum aggregate amount of two hundred and fifty thousand dollars ($250,000) for such year; provided, however, that any revenues attributable under the Sunrocket Agreement
from the provision of Internet-based communications services relating to “subscriber bounty,” “advertising coop” and “key-city funds” shall be excluded in any computation of net revenues pursuant to this subparagraph
2(c). For purposes of this subparagraph 2(c), “net revenues” shall mean payments to which ATS is entitled under the Sunrocket Agreement less service provider deductions provided under the Sunrocket Agreement including, without limitation,
reserves for service outages, customer hold backs and expenses. 
  
 2. Payments to Feuerstein by ATS shall be made monthly and shall be due and payable on the 25th day (or if
a holiday or weekend, the following business day) of each month with respect to net revenues collected during the immediately preceding month; provided, however, that ATS may, at its discretion, pay Feuerstein on the 25th day of each month following each calendar quarter if the cumulative amount due and payable for the months during such
preceding calendar quarter is less than $25,000. Payments shall be by wire transfer of immediately available funds in accordance with written wiring instructions given to ATS by Feuerstein. 
  
 3. This Agreement is for a term of five years from the date hereof (the
“Term”) and will be automatically extended for an additional five year term (the “Extended Term”) if and only if ATS produces net income, after taxes, as determined in accordance with GAAP during any three of the five years of
the Term. If so extended, the following revenue sharing allocation reductions shall be applicable throughout the Extended Term: 
  

	•	The revenue allocation under subparagraph (2)(a) shall be reduced to one eighth of one percent (0.125%); 

  

	•	The revenue allocation under subparagraph (2)(b) shall be reduced to two and one half percent (2.5%); and 

  

	•	The revenue allocation under subparagraph (2)(c) shall be reduced to one percent (1%); 

  
 it being understood that all other terms of such provisions shall otherwise remain unchanged during the
Extended Term. 
  
 4. Reserved. 
  
 5. ATS desires to employ Mr. Adam Somer and wishes to have
Mr. Somer execute an employment agreement (the “Employment Agreement”) with ATS on or before November 15, 2005; provided, however, that if the Employment Agreement is not delivered for execution to Mr. Somer prior to
November 15, 2005, Mr. Somer shall have seven days to execute the Employment Agreement from the date of such delivery (but in no event later than ATS’s first responsive amendment to the SEC’s comments to ATS’s Registration
Statement on Form S-1 

 
scheduled to be filed with the SEC). The Employment Agreement shall (i) contain all the terms (or substantially similar terms) agreed upon by all other
founding executive officers of ATS, (ii) be for a term of two years, and (iii) provide that if Mr. Somer leaves his employment or terminates his employment prior to the expiration of the Employment Agreement, Mr. Somer shall, at
ATS’s request, continue to manage ATS’s business relationship with each of Sunrocket and IDT, help ensure that such carriers are performing under the Sunrocket Agreement and IDT Agreement, respectively and assist in the adoption of new or
incremental technology with respect to the provision of communications services from Sunrocket and IDT. 
  
 (a) If Mr. Somer fails to execute the Employment Agreement in accordance with the paragraph above, all terms of this Agreement will remain in full
force and effect; provided that in lieu of your payments under Paragraph 1 and Paragraph 3 (to which you shall not be entitled) you shall be paid (A) during each year of the Term, the sum of (i) the applicable IDT Revenue Sharing
Allocation and (ii) two percent (2%) of all “net revenues” (as defined in subparagraph 1(a) hereof) collected by ATS such year of the Term but only to the extent directly attributable to the initial sale (and expressly excluding
reorders from existing customers) of Hardware used only in connection with the provision of long distance communication services provided by IDT; and (B) during each year of the Extended Term, if applicable, the sum of (i) one half of the
applicable IDT Revenue Sharing Allocation and (ii) one percent (1%) of all “net revenues” (as defined in subparagraph 1(a) hereof) collected by ATS such year of the Term but only to the extent directly attributable to the initial
sale (and expressly excluding reorders from existing customers) of Hardware used only in connection with the provision of long distance communication services provided by IDT. 
  
 (b) If Mr. Somer leaves his employment with ATS or if Mr. Somer’s employment with ATS under the Employment
Agreement is terminated for any reason (including Mr. Somer’s resignation from his employment) prior to the second anniversary of such employment, you shall have the right to designate of one of the two following alternatives (which
designation shall be in writing): 
  
 (A) you may opt to keep this
Agreement in full force and effect; provided however, that the revenue sharing allocations under Paragraphs 2 and 3 above shall be reduced by the product of the applicable revenue sharing allocation and a fraction the numerator of which shall be the
number of completed months of employment and the denominator of which shall be twenty four (24); or 
  
 (B) you may opt to be paid in accordance with subparagraph 5(a) above. 
  
 6. You will during the Term and the Extended Term, if applicable, provide advisory and consulting services to ATS as
follows: 
  
 (a) generally, at ATS’s request and upon
reasonable notice by ATS, but subject to your agreement, you will advise ATS with respect to specific corporate opportunities as they pertain to carriers both domestically and internationally (“Corporate Opportunities”); 
  
 (b) Upon receipt of at least One Hundred and Twenty Thousand Dollars
($125,000) under any of the revenue sharing arrangements above during any one year, you agree to actively identify and advise ATS with respect to Corporate Opportunities during the duration of such year. 

 7. This Agreement contains the entire understanding of the undersigned hereto and replaces and supercedes
any and all other agreements between or among ATS or any of its affiliates on the one hand and you or any of your affiliates on the other hand with respect to the subject matter hereof. 
  
 8. All notices, requests, instructions, consents and other communications to be given pursuant to this Agreement shall be in
writing and shall be deemed received (i) on the same day if delivered in person, by same-day courier or by telegraph, telex or facsimile transmission, (ii) on the next day if delivered by overnight mail or courier, or (iii) on the
date indicated on the return receipt, or if there is no such receipt, on the third calendar day (excluding Sundays) after being sent by certified or registered mail, postage prepaid, to the party for whom intended to the following addresses:

  
 If to ATS: 
  
 American Telecom Services, Inc. 
 2466 Peck Road 
 City of Industry, California 90601 
  
 With a copy to: 
  
 Ira Roxland, Esq.

 Sonnenschein Nath & Rosenthal LLP 
 1221 Avenue of the Americas 
 New York, NY 10020 
  
 If to Feuerstein 
  
 David Feuerstein

 29 Revadim 
 Jerusalem, Israel 93391 
  
 9.
Each Party’s aggregate liability for damages in connection with this Agreement, regardless of the form of action giving rise to such liability (under any theory, whether in contract, tort, statutory or otherwise) shall not exceed the aggregate
fees paid to Feuerstein hereunder. To the extent permitted by applicable law and notwithstanding anything in this Agreement to the contrary or any failure of essential purpose of any limited remedy or limitation of liability, neither Party shall be
liable for any indirect, exemplary, special, consequential or incidental damages of any kind, or for any damages resulting from loss or interruption of business, lost data or lost profits, arising out of or relating to this Agreement or the subject
matter hereof, however caused, even if such Party has been advised of or should have know of the possibility of such damages. 

 10. You may assign this Agreement to any entity formed in the United States if (i) you hold a
controlling interest in such entity which for purposes hereof shall include the sole power to manage the entity and holding over 51% of the equity of such entity, (ii) you remain the principal acting on behalf of the entity at all times and all
obligations hereunder that are intended to be performed by you personally shall in fact be performed by you personally, and (iii) the entity shall not be engaged in and shall thereafter covenant not to engage in businesses or operations that
compete with the businesses or operations of ATS. 
  
 11. This
Agreement shall be governed by and construed in accordance with the internal laws of the State of New York and shall be binding upon the respective successors and assigns of the parties hereto. 
  
 12. Any dispute which may arise between the Parties under or arising out of
this Agreement shall be submitted to arbitration in New York in the United States of America, under the rules of the American Arbitration Association. All costs and expenses in connection with the arbitration proceedings shall be borne by the
Parties as the arbitrators may decide; each of the Parties shall appoint one arbitrator and the two so appointed shall select a competent and disinterested additional arbitrator. All decisions required by arbitrators hereunder shall be rendered
promptly and the decision of the majority of the three arbitrators shall be final and binding upon the parties and may be enforced in any court having jurisdiction. Each Party in such arbitration shall pay its own attorneys fees and expenses.

  
 [THIS SPACE LEFT INTENTIONALLY BLANK] 

 If the foregoing correctly reflects our agreement, please so indicate by signing where indicated below.

  

			
	Very truly yours,
	
	American Telecom Services, Inc.
		
	By:	 	 /s/ Bruce Hahn

	Name:	 	Bruce Hahn
	Title:	 	Chief Executive Officer

  

	
	 AGREED and ACCEPTED
 this 22nd day of October, 2005:

	
	 /s/ David Feuerstein

	 David FeuersteinForm of Financial Advisory Agreement

 Exhibit 10.15 
  
 FINANCIAL ADVISORY AGREEMENT 
  

AGREEMENT made the              day of
                    , 200   , by and between HCFP/Brenner Securities, LLC, a New York limited liability company, having an address at 888
Seventh Avenue, 17th Floor, New York, New York 10106 (“HCFP”), and American Telecom Services, Inc., a
Delaware corporation, having an address at 2466 Peck Road, City of Industry, California 90601 (the “Company”). 
  
 WHEREAS, the Company has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of its securities to be
underwritten by HCFP (“IPO”); and 
  
 WHEREAS, pursuant
to the Underwriting Agreement between the Company and HCFP, the Company has agreed to retain HCFP as a financial advisor; 
  
 NOW, THEREFORE, the parties hereto agree as follows: 
  
 1. The Company retains HCFP as a nonexclusive financial advisor to provide to the Company when requested by the Company from time to time, during normal
business hours, upon reasonable notice, advice concerning shareholder relations, including advice regarding the preparation of reports and other releases, long-term financial planning, corporate reorganization and expansion, capital structure,
borrowings and other financial assistance. These services shall be rendered by HCFP without any direct supervision by the Company and at such time and place and in such manner (whether by conference, telephone, letter or otherwise) as HCFP may
reasonably determine. HCFP shall make available such time as it, in its sole and reasonable discretion, shall deem appropriate for the performance of its obligations under this Agreement. 
  
 2. This Agreement shall become effective as of the effective date of the IPO and shall continue for a period of six months
thereafter. 
  
 3. As compensation for its services, the Company
shall pay HCFP an advisory fee of $10,000 per month, for an aggregate fee of $60,000, all of which shall be payable in advance, at the closing of the IPO. 
  
 4. HCFP covenants that all proprietary or confidential information that it obtains knowledge of as a result of the services rendered pursuant to this
Agreement shall be kept confidential and shall not be used by HCFP or disclosed by HCFP to any third party without the prior written approval of the Company, except as otherwise required by law. HCFP hereby acknowledges that it is aware (and that
its representatives will be advised) that the United States securities laws prohibit any person who is in 

 possession of material non-public information about a company from (i) purchasing or selling securities of that
company or (ii) communicating such information to any other person, under circumstances under which it is reasonably foreseeable that such person is likely to purchase or sell securities of such company. 
  
 5. HCFP shall bear all costs and expenses incurred by HCFP directly in
connection with the performance of its services hereunder, unless otherwise agreed to by the Company. 
  
 6. HCFP and the Company acknowledge that HCFP is an independent contractor. HCFP shall not hold itself out as, nor shall it take any action from which
others might infer that it is, a partner, agent or joint venturer of the Company. HCFP shall not take any action which binds, or purports to bind, the Company. 
  

7. This Agreement contains the entire agreement between the parties with respect to the subject matter hereof. It may not be changed except by
agreement in writing signed by the party against whom enforcement or any waiver, change, discharge, or modification is sought. Waiver of or failure to exercise any rights provided by this Agreement in any respect shall not be deemed a waiver of any
further or future rights. 
  
 8. In the event of any dispute under
this Agreement, then and in such event, each party hereto agrees that the dispute shall be submitted to the American Arbitration Association in New York, New York, for its decision and determination in accordance with its rules and regulations then
in effect. Each of the parties agrees that the decision and/or award made by the Association may be entered as judgment of the courts of the State of New York, and shall be enforceable as such. 
  
 9. This Agreement shall be construed and enforced in accordance with the laws
of the State of New York without giving effect to conflict of laws. 
  
 10. This Agreement may not be assigned by either party without the written consent of the other. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and, except where prohibited, to their successors and
assigns. 
  
 11. Nothing herein shall be deemed to restrict or
prohibit the engagement by the Company of other consultants providing the same or similar services or the payment by the Company of fees to such parties. 
  

 2 

 12. This Agreement may be terminated by the Company at any time upon prior written notice to HCFP;
provided, however, that no such termination shall reduce the amount payable under Section 3 or result in any refund of amounts previously paid under Section 3, which latter amounts shall be deemed earned in all respects prior to
termination of this Agreement. 
  

 3 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year first above
written. 
  

			
	 AMERICAN TELECOM SERVICES, INC.

		
	 By:
	 	  

	
	 HCFP/BRENNER SECURITIES, LLC

		
	 By:
	 	  

  

 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00092-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00092-of-00352.parquet"}]]