Document:

EMPLOYMENT AGREEMENT

             

          

        

      

    

    This
      Agreement
      is
      entered into as of May 17, 2006, by and between Philip
      S. Pesin (the
      “Employee”) and Multi
      Link Communications, Inc.,
      a
      Colorado corporation (the “Company”).

     

    
      	
              1.

            	
              Duties
                and Scope of Employment.

            

    

     

    (a)           Position.
      For the
      term of his employment under this Agreement (the “Employment”), the Company
      agrees to employ the Employee in the position of Chief Executive Officer. The
      Employee shall report to the Company’s Board of Directors (the
“Board”).

     

    (b)           Obligations
      to the Company.
      During
      his Employment, the Employee shall devote his full business efforts and time
      to
      the Company. The Employee shall comply with the Company’s policies and rules, as
      they may be in effect from time to time during his Employment.

     

    (c)           No
      Conflicting Obligations.
      The
      Employee represents and warrants to the Company that he is under no obligations
      or commitments, whether contractual or otherwise, that are inconsistent with
      his
      obligations under this Agreement. The
      Employee represents and warrants that he will not use or disclose, in connection
      with his Employment, any trade secrets or other proprietary information or
      intellectual property in which the Employee or any other person has any right,
      title or interest and that his Employment will not infringe or violate the
      rights of any other person. The
      Employee represents and warrants to the Company that he has returned all
      property and confidential information belonging to any prior
      employer.

     

    (d)           Commencement
      Date.
      The
      Employee shall commence full-time Employment on May 17, 2006.

     

    
      	
              2.

            	
              Cash
                and Incentive
                Compensation.

            

    

     

    (a)           Salary.
      The
      Company shall pay the Employee as compensation for his services a base salary
      at
      a gross annual rate of $360,000. Such salary shall be payable in accordance
      with
      the Company’s standard payroll procedures and shall be reviewed annually. (The
      annual compensation specified in this Subsection (a), as adjusted from time
      to time, is referred to in this Agreement as “Base Salary.”)

     

    (b)           Incentive
      Bonuses.
      The
      Employee shall be eligible to be considered for an annual incentive bonus.
      Such
      bonus (if any) shall be awarded based on objective or subjective criteria
      established in advance by the Company’s Board or
      its
      Compensation Committee. The determinations of the Board or its Compensation
      Committee with respect to such bonus shall be final and binding. The bonus
      for a
      fiscal year (if any) shall be paid within 60 days after the close of such
      year.

     

    3.       Indemnification,
      Employee Benefits and Vacation.
      The
      Employee shall enter into an Indemnification Agreement with the Company, which
      is incorporated herein by this reference. During his Employment, the Employee
      shall be eligible to participate in the employee benefit plans maintained by
      the
      Company for its senior officers, subject in each case to the generally
      applicable terms and conditions of the plan in question and to the
      determinations of any person or committee administering such plan. During his
      Employment, the Employee shall be eligible for paid vacations in accordance
      with
      the Company’s vacation policy, as it may be amended from time to time; provided
      that he shall be entitled to not less than 15 days of paid vacation per
      year.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4.       Business
      Expenses.
      During
      his Employment, the Employee shall be authorized to incur reasonable travel,
      entertainment and other business expenses in connection with his duties
      hereunder. The Company shall reimburse the Employee for such expenses upon
      presentation of an itemized account and appropriate supporting documentation,
      all in accordance with the Company’s generally applicable policies.

     

    5.       Term
      of Employment.

     

    (a)           Termination
      of Employment.
      The
      Company may terminate the Employee’s Employment at any time and for any reason
      (or no reason), and with or without Cause, by giving the Employee notice in
      writing. The Employee may terminate his Employment by giving the Company two
      weeks’ advance notice in writing. The Employee’s Employment shall terminate
      automatically in the event of his death. The termination of the Employee’s
      Employment shall not limit or otherwise affect his obligations under
      Section 8.

     

    (b)           Employment
      at Will.
      The
      Employee’s Employment with the Company shall be “at will,” meaning that either
      the Employee or the Company shall be entitled to terminate the Employee’s
      Employment at any time and for any reason, with or without Cause. Any contrary
      representations that may have been made to the Employee shall be superseded
      by
      this Agreement. This Agreement shall constitute the full and complete agreement
      between the Employee and the Company on the “at will” nature of the Employee’s
      Employment, which may only be changed in an express written agreement signed
      by
      the Employee and a duly authorized officer of the Company.

     

    (c)           Rights
      Upon Termination.
      Except
      as expressly provided in Section 6, upon the termination of the Employee’s
      Employment, the Employee shall only be entitled to the compensation, benefits
      and expense reimbursements that the Employee has earned under this Agreement
      before the effective date of the termination. The payments under this Agreement
      shall fully discharge all responsibilities of the Company to the
      Employee.

     

    6.       Termination
      Benefits Absent Change in Control.

     

    (a)           General
      Release and Resignations.
      Any
      other provision of this Agreement notwithstanding, Subsections (b), (c) and
      (d) below shall not apply unless the Employee:

     

    (i)           Has
      executed a general release of all claims (in a reasonable form prescribed by
      the
      Company);

     

    (ii)           Has
      returned all property of the Company in the Employee’s possession;
      and

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (iii)           If
      requested by the Board, has resigned as a member of the Board (and, to the
      extent applicable, as a member of the Boards of Directors of any subsidiaries
      of
      the Company).

     

    (b)           Severance
      Pay.
      If,
      during the term of this Agreement, the Company terminates the Employee’s
      Employment for any reason other than Cause, then the Company shall pay the
      Employee his Base Salary for a period of 12 months following the termination
      of
      his Employment. Such Base Salary shall be paid at the rate in effect at the
      time
      of the termination of Employment and in accordance with the Company’s standard
      payroll procedures.

     

    (c)           Additional
      Vesting.
      If,
      during the term of this Agreement, the Company terminates the Employee’s
      Employment for any reason other than Cause, then the vested portion of the
      shares of the Company’s Common Stock subject to the Warrant shall be determined
      by adding 12 months to the actual length of his service with the Company.

     

    (d)           Health
      Insurance.
      If,
      during the term of this Agreement, the Company terminates the Employee’s
      Employment for any reason other than Cause, and if the Employee elects to
      continue health insurance coverage under the Consolidated Omnibus Budget
      Reconciliation Act (“COBRA”) for himself and, if applicable, his dependents
      following the termination of his Employment, then the Company shall pay the
      monthly premium under COBRA for the Employee and, if applicable, such dependents
      until the earliest of (i) the first anniversary of the termination of his
      Employment, (ii) the expiration of the Employee’s continuation coverage
      under COBRA or (iii) the date when the Employee receives substantially
      equivalent health insurance coverage in connection with new employment or
      self-employment.

     

    (e)           Definition
      of “Cause.”
      For all
      purposes under this Agreement, “Cause” shall mean:

     

    (i)           Any
      act of misconduct or dishonesty by the Employee in the performance of his duties
      under this Agreement;

     

    (ii)           Any
      willful failure by the Employee to attend to his duties under this
      Agreement;

     

    (iii)           Any
      material breach of this Agreement; or

     

    (iv)           The
      Employee's conviction of, or pleading guilty or nolo
      contendere to,
      any
      felony or misdemeanor involving theft, embezzlement, dishonesty or moral
      turpitude.

     

    7.       Termination
      Benefits After Change in Control.

     

    (a)           General
      Release and Resignations.
      Any
      other provision of this Agreement notwithstanding, Subsections (b), (c) and
      (d) below shall not apply unless the Employee:

     

    (i)           Has
      executed a general release of all claims (in a reasonable form prescribed by
      the
      Company);

     

    (ii)           Has
      returned all property of the Company in the Employee’s possession;
      and

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (iii)           If
      requested by the Board, has resigned as a member of the Board (and, to the
      extent applicable, as a member of the Boards of Directors of any subsidiaries
      of
      the Company).

     

    (b)           Severance
      Pay.
      If,
      within 12 months after a Change in Control, the Company or its successor
      terminates the Employee’s Employment for any reason other than Cause or he
      resigns for Good Reason, then the Company or its successor shall pay the
      Employee the sum of (i) his Base Salary for one year at the rate in effect
      at the time of the termination of Employment plus (ii) his target bonus for
      the year in which the termination of Employment occurs. Such amount shall be
      paid in a lump sum within 30 days after the effective date of the termination
      of
      Employment.

     

    (c)           Additional
      Vesting.
      If,
      within 12 months after a Change in Control, the Company terminates the
      Employee’s Employment for any reason other than Cause or he resigns for Good
      Reason, then all shares of the Company’s Common Stock subject to the Warrant
      shall vest.

     

    (d)           Health
      Insurance.
      If,
      within 12 months after a Change in Control, the Company terminates the
      Employee’s Employment for any reason other than Cause or he resigns for Good
      Reason, and if the Employee elects to continue health insurance coverage under
      the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) for himself and, if
      applicable, his dependents following the termination of his Employment, then
      the
      Company shall pay the monthly premium under COBRA for the Employee and, if
      applicable, such dependents until the earliest of (i) the first anniversary
      of the termination of his Employment, (ii) the expiration of the Employee’s
      continuation coverage under COBRA or (iii) the date when the Employee
      receives substantially equivalent health insurance coverage in connection with
      new employment or self-employment.

     

    (e)           Definition
      of “Change in Control.”
      For all
      purposes under this Agreement, “Change in Control” shall mean:

     

    (i)           A
      merger, consolidation or reorganization approved by the Company’s stockholders,
      unless securities representing more than 50% of the total combined voting power
      of the outstanding voting securities of the successor corporation are
      immediately thereafter beneficially owned, directly or indirectly and in
      substantially the same proportion, by the persons who beneficially owned the
      Company’s outstanding voting securities immediately prior to such
      transaction;

     

    (ii)           The
      sale, transfer or other disposition of all or substantially all of the Company’s
      assets as an entirety or substantially as an entirety to any person, entity
      or
      group of persons acting in consort other than a sale, transfer or disposition
      to
      an entity, at least 50% of the combined voting power of the voting securities
      of
      which is owned by the Company or by stockholders of the Company in substantially
      the same proportion as their ownership of the Company immediately prior to
      such
      sale; or

     

    (iii)           Any
      transaction or series of related transactions pursuant to which any person
      or
      any group of persons comprising a “group” within the meaning of
      Rule 13d-5(b)(1) under the Securities Exchange Act of 1934, as amended
      (other than the Company or a person that, prior to such transaction or series
      of
      related transactions, directly or indirectly controls, is controlled by or
      is
      under common control with, the Company), becomes directly or indirectly the
      beneficial owner (within the meaning of Rule 13d-3 under such Act) of
      securities possessing (or convertible into or exercisable for securities
      possessing) more than 35% of the total combined voting power of the Company’s
      securities outstanding immediately after the consummation of such transaction
      or
      series of related transactions, whether such transaction involves a direct
      issuance from the Company or the acquisition of outstanding securities held
      by
      one or more of the Company’s stockholders.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (f)           Definition
      of “Good Reason.”
      For all
      purposes under this Agreement, “Good Reason” shall mean:

     

    (i)           Any
      reduction in the aggregate level of the Employee’s Base Salary and annual target
      bonus; or

     

    (ii)           Any
      material reduction in the Employee’s duties or responsibilities (measured in
      number of employees or budget responsibility).

     

    8.       Proprietary
      Information and Inventions Agreement.
      The
      Employee has entered into a Proprietary Information and Inventions Agreement
      with the Company in the form attached hereto as Exhibit
      A,
      which
      is incorporated herein by this reference.

     

    9.       Successors.

     

    (a)           Company’s
      Successors.
      This
      Agreement shall be binding upon any successor (whether direct or indirect and
      whether by purchase, lease, merger, consolidation, liquidation or otherwise)
      to
      all or substantially all of the Company’s business and/or assets. For all
      purposes under this Agreement, the term “Company” shall include any successor to
      the Company’s business and/or assets which becomes bound by this
      Agreement.

     

    (b)           Employee’s
      Successors.
      This
      Agreement and all rights of the Employee hereunder shall inure to the benefit
      of, and be enforceable by, the Employee’s personal or legal representatives,
      executors, administrators, successors, heirs, distributees, devisees and
      legatees.

     

    10.       Arbitration.

     

    (a)           Scope
      of Arbitration Requirement.
      The
      parties hereby waive their rights to a trial before a judge or jury and agree
      to
      arbitrate before a neutral arbitrator any and all claims or disputes arising
      out
      of this Agreement and any and all claims arising from or relating to the
      Employee’s Employment, including (but not limited to) claims against any current
      or former employee, director or agent of the Company, claims of wrongful
      termination, retaliation, discrimination, harassment, breach of contract, breach
      of the covenant of good faith and fair dealing, defamation, invasion of privacy,
      fraud, misrepresentation, constructive discharge or failure to provide a leave
      of absence, or claims regarding commissions, stock options or bonuses,
      infliction of emotional distress or unfair business practices.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (b)           Procedure.
      The
      arbitrator’s decision shall be written and shall include the findings of fact
      and law that support the decision. The arbitrator’s decision shall be final and
      binding on both parties, except to the extent applicable law allows for judicial
      review of arbitration awards. The arbitrator may award any remedies that would
      otherwise be available to the parties if they were to bring the dispute in
      court. The arbitration shall be conducted in accordance with the National Rules
      for the Resolution of Employment Disputes of the American Arbitration
      Association; provided, however that the arbitrator shall allow the discovery
      that the arbitrator deems necessary for the parties to vindicate their
      respective claims or defenses. The arbitration shall take place in Atlanta,
      Georgia, or, at the Employee’s option, the county in which the Employee
      primarily worked with the Company at the time when the arbitrable dispute or
      claim first arose.

     

    (c)           Attorneys’
      Fees and Costs.
      The
      Company shall bear the cost of the arbitrator’s fee. The parties shall share the
      other costs of arbitration equally. In the event of arbitration or litigation
      between the parties, the prevailing party shall be entitled to reasonable
      attorneys’ fees.

     

    (d)           Applicability.
      This
      Section 10 shall not apply to (i) workers’ compensation or
      unemployment insurance claims, (ii) claims concerning the validity,
      infringement or enforceability of any trade secret, patent right, copyright
      or
      any other trade secret or intellectual property held or sought by either the
      Employee or the Company (whether or not arising under the Proprietary
      Information and Inventions Agreement between the Employee and the Company)
      and
      (iii) claims concerning violations of Section 8. The Employee
      acknowledges that any breach of Section 8 will cause irreparable harm to
      the Company for which damages would not be an adequate remedy and that the
      Company, therefore, will be entitled to injunctive relief with respect thereto
      in addition to any other remedies.

     

    11.       Miscellaneous
      Provisions.

     

    (a)           Notice.
      Notices
      and all other communications contemplated by this Agreement shall be in writing
      and shall be deemed to have been duly given when personally delivered or when
      mailed by U.S. registered or certified mail, return receipt requested and
      postage prepaid. In the case of the Employee, mailed notices shall be addressed
      to him at the home address that he most recently communicated to the Company
      in
      writing. In the case of the Company, mailed notices shall be addressed to its
      corporate headquarters, and all notices shall be directed to the attention
      of
      its Secretary.

     

    (b)           Modifications
      and Waivers.
      No
      provision of this Agreement shall be modified, waived or discharged unless
      the
      modification, waiver or discharge is agreed to in writing and signed by the
      Employee and by an authorized officer of the Company (other than the Employee).
      No waiver by either party of any breach of, or of compliance with, any condition
      or provision of this Agreement by the other party shall be considered a waiver
      of any other condition or provision or of the same condition or provision at
      another time.

     

    (c)           Whole
      Agreement.
      No
      other agreements, representations or understandings (whether oral or written
      and
      whether express or implied) that are not expressly set forth in this Agreement
      have been made or entered into by either party with respect to the subject
      matter hereof. This Agreement and the Proprietary Information and Inventions
      Agreement contain the entire understanding of the parties with respect to the
      subject matter hereof.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (d)           Withholding
      Taxes.
      All
      payments made under this Agreement shall be subject to reduction to reflect
      taxes or other charges required to be withheld by law.

     

    (e)           Choice
      of Law and Severability.
      This
      Agreement shall be interpreted in accordance with the laws of the State of
      Georgia (except their provisions governing the choice of law). If any provision
      of this Agreement becomes or is deemed invalid, illegal or unenforceable in
      any
      applicable jurisdiction by reason of the scope, extent or duration of its
      coverage, then such provision shall be deemed amended to the minimum extent
      necessary to conform to applicable law so as to be valid and enforceable or,
      if
      such provision cannot be so amended without materially altering the intention
      of
      the parties, then such provision shall be stricken and the remainder of this
      Agreement shall continue in full force and effect. If any provision of this
      Agreement is rendered illegal by any present or future statute, law, ordinance
      or regulation (collectively the “Law”), then such provision shall be curtailed
      or limited only to the minimum extent necessary to bring such provision into
      compliance with the Law. All the other terms and provisions of this Agreement
      shall continue in full force and effect without impairment or
      limitation.

     

    (f)           No
      Assignment.
      This
      Agreement and all rights and obligations of the Employee hereunder are personal
      to the Employee and may not be transferred or assigned by the Employee at any
      time. The Company may assign its rights under this Agreement to any entity
      that
      assumes the Company’s obligations hereunder in connection with any sale or
      transfer of all or a substantial portion of the Company’s assets to such
      entity.

     

    (g)           Counterparts.
      This
      Agreement may be executed in two or more counterparts, each of which shall
      be
      deemed an original, but all of which together shall constitute one and the
      same
      instrument.

     

    IN
      WITNESS WHEREOF,
      each of
      the parties has executed this Agreement, in the case of the Company by its
      duly
      authorized officer or a duly authorized member of its Board, as of the day
      and
      year first above written.

     

    MULTI
      LINK
      TELECOMMUNICATIONS,
      INC.

     

     

    By
      /s/
      Dayne Wagoner                

     

    Title:
      Director                         
      

     

     

    PHILIP
      S. PESIN

     

    /s/
      Philip S. Pesin                    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

      EXHIBIT A

       

    

    PROPRIETARY
      INFORMATION AND INVENTIONS AGREEMENT

     

    In
      consideration of my employment or continued employment by Multi
      Link Telecommunications, Inc.
      (the
“Company”), and the compensation now and hereafter paid to me, I hereby agree as
      follows:

     

    1.     I
      have not entered into, and I agree I will not enter into, any agreement either
      written or oral in conflict with this Agreement or my employment with Company.
      I
      will not violate any agreement with or rights of any third party or, except
      as
      expressly authorized by Company in writing hereafter, use or disclose my own
      or
      any third party’s confidential information or intellectual property when acting
      within the scope of my employment or otherwise on behalf of Company. Further,
      I
      have not retained anything containing any confidential information of a prior
      employer or other third party, whether or not created by
      me.

     

    2.     Company
      shall own all right, title and interest (including patent rights, copyrights,
      trade secret rights, mask work rights, sui
      generis database
      rights and all other intellectual and industrial property rights of any sort
      throughout the world) relating to any and all inventions (whether or not
      patentable), works of authorship, mask works, designs, know-how, ideas and
      information made or conceived or reduced to practice, in whole or in part,
      by me
      during the term of my employment with Company to and only to the fullest extent
      allowed by law (collectively “Inventions”) and I will promptly disclose all
      Inventions to Company. I hereby make all assignments necessary to accomplish
      the
      foregoing. I shall further assist Company, at Company’s expense, to further
      evidence, record and perfect such assignments, and to perfect, obtain, maintain,
      enforce, and defend any rights specified to be so owned or assigned. I hereby
      irrevocably designate and appoint Company as my agent and attorney-in-fact,
      coupled with an interest and with full power of substitution, to act for and
      in
      my behalf to execute and file any document and to do all other lawfully
      permitted acts to further the purposes of the foregoing with the same legal
      force and effect as if executed by me. If I wish to clarify that something
      created by me prior to my employment that relates to Company’s actual or
      proposed business is not within the scope of this Agreement, I have listed
      it on
      Appendix A in a manner that does not violate any third party rights. Without
      limiting Section 1 or Company’s other rights and remedies, if, when acting
      within the scope of my employment or otherwise on behalf of Company, I use
      or
      (except pursuant to this Section 2) disclose my own or any third party’s
      confidential information or intellectual property (or if any Invention cannot
      be
      fully made, used, reproduced, distributed and otherwise exploited without using
      or violating the foregoing), Company will have and I hereby grant Company a
      perpetual, irrevocable, worldwide royalty-free, non-exclusive, sublicensable
      right and license to exploit and exercise all such confidential information
      and
      intellectual property rights.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    3.     To
      the extent allowed by law, Section 2 includes all rights of paternity,
      integrity, disclosure and withdrawal and any other rights that may be known
      as
      or referred to as “moral rights,” “artist’s rights,” “droit moral,” or the like
      (collectively “Moral Rights”). To the extent I retain any such Moral Rights
      under applicable law, I hereby ratify and consent to any action that may be
      taken with respect to such Moral Rights by or authorized by Company and agree
      not to assert any Moral Rights with respect thereto. I will confirm any such
      ratifications, consents and agreements from time to time as requested by
      Company.

     

    4.     I
      agree that all Inventions and all other business, technical and financial
      information (including, without limitation, the identity of and information
      relating to customers or employees) I develop, learn or obtain during the term
      of my employment that relate to Company or the business or demonstrably
      anticipated business of Company or that are received by or for Company in
      confidence, constitute “Proprietary Information.” I will hold in confidence and
      not disclose or, except within the scope of my employment, use any Proprietary
      Information. However, I shall not be obligated under this paragraph with respect
      to information I can document is or becomes readily publicly available without
      restriction through no fault of mine. Upon termination of my employment, I
      will
      promptly return to Company all items containing or embodying Proprietary
      Information (including all copies), except that I may keep my personal copies
      of
      (i) my compensation records, (ii) materials distributed to
      shareholders generally and (iii) this Agreement. I also recognize and agree
      that I have no expectation of privacy with respect to Company’s
      telecommunications, networking or information processing systems (including,
      without limitation, stored computer files, e-mail messages and voice messages)
      and that my activity and any files or messages on or using any of those systems
      may be monitored at any time without notice.

     

    5.     Until
      one (1) year after the term of my employment, I will not hire (or assist any
      other party or entity in hiring) any employee or consultant of Company or
      encourage or solicit any employee or consultant of Company to leave Company
      for
      any reason (except for the bona fide firing of Company personnel within the
      scope of my employment).

     

    6.     I
      agree that during the term of my employment with Company (whether or not during
      business hours) and for a period of one (1) year after termination of such
      employment for any reason, I will not, within the United States and its
      territories, engage in any activity that is in any way competitive with the
      business or demonstrably anticipated business of Company, and I will not assist
      any other person or organization in competing or in preparing to compete with
      any business or demonstrably anticipated business of Company.

     

    (a)           I
      understand and acknowledge that Company has made substantial investments to
      develop its business interests and goodwill. I agree that the limitations as
      to
      time, geographical area and scope of activity to be restrained in this
      Section 6 are reasonable and are not greater than necessary to protect the
      goodwill or other business interests of Company. I further agree that such
      investments are worthy of protection and that Company’s need for protection
      afforded by this Section 6 is greater than any hardship I may experience by
      complying with its terms.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (b)           I
      acknowledge that my violation or attempted violation of the agreements in this
      Section 6 will cause irreparable damage to Company or its affiliates, and I
      therefore agree that Company shall be entitled as a matter of right to an
      injunction, out of any court of competent jurisdiction, restraining any
      violation or further violation of such agreements by me or others acting on
      my
      behalf. Company’s right to injunctive relief shall be cumulative and in addition
      to any other remedies provided by law or equity.

     

    (c)           Although
      the parties believe that the limitations as to time, geographical area and
      scope
      of activity contained herein are reasonable and do not impose a greater
      restraint than necessary to protect the goodwill or other business interests
      of
      Company, if it is judicially determined not to be the case, the limitations
      shall be reformed to the extent necessary to make them reasonable and not to
      impose a restraint that is greater than necessary to protect the goodwill or
      other business interests of Company.

     

    7.     I
      agree that this Agreement is not an employment contract for any particular
      term
      and that I have the right to resign and Company has the right to terminate
      my
      employment at will, at any time, for any or no reason, with or without cause.
      In
      addition, this Agreement does not purport to set forth all of the terms and
      conditions of my employment, and, as an employee of Company, I have obligations
      to Company which are not set forth in this Agreement. However, the terms of
      this
      Agreement govern over any inconsistent terms and can only be changed by a
      subsequent written agreement signed by the President of
      Company.

     

    8.     I
      agree that my obligations under Sections 2, 3, 4, 5 and 6 of this Agreement
      shall continue in effect after termination of my employment, regardless of
      the
      reason or reasons for termination, and whether such termination is voluntary
      or
      involuntary on my part, and that Company is entitled to communicate my
      obligations under this Agreement to any future employer or potential employer
      of
      mine. My obligations under Sections 2, 3 and 4 also shall be binding upon
      my heirs, executors, assigns, and administrators and shall inure to the benefit
      of Company, it subsidiaries, successors and assigns.

     

    9.     Any
      dispute in the meaning, effect or validity of this Agreement shall be resolved
      in accordance with the laws of the State of Georgia without regard to the
      conflict of laws provisions thereof. I further agree that if one or more
      provisions of this Agreement are held to be illegal or unenforceable under
      applicable Georgia law, such illegal or unenforceable portion(s) shall be
      limited or excluded from this Agreement to the minimum extent required so that
      this Agreement shall otherwise remain in full force and effect and enforceable
      in accordance with its terms. I also understand that any breach of this
      Agreement will cause irreparable harm to Company for which damages would not
      be
      an adequate remedy, and, therefore, Company will be entitled to injunctive
      relief with respect thereto in addition to any other remedies and without any
      requirement to post bond.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    I
      HAVE READ THIS AGREEMENT CAREFULLY AND I UNDERSTAND AND ACCEPT THE OBLIGATIONS
      WHICH IT IMPOSES UPON ME WITHOUT RESERVATION. NO PROMISES OR REPRESENTATIONS
      HAVE BEEN MADE TO ME TO INDUCE ME TO SIGN THIS AGREEMENT. I SIGN THIS AGREEMENT
      VOLUNTARILY AND FREELY, IN DUPLICATE, WITH THE UNDERSTANDING THAT THE COMPANY
      WILL RETAIN ONE COUNTERPART AND THE OTHER COUNTERPART WILL BE RETAINED BY
      ME.

     

    

     

    

      
        	
                Date:
                  __________________

              	
                Employee

              
	 	 
	 	 
	 	____________________________________
	 	
                Signature

              
	 	 
	 	____________________________________
	 	
                Name
                  (Printed)INDEMNIFICATION
      AGREEMENT

     

    THIS
      AGREEMENT (the “Agreement”) is made and entered into as of May 17, 2006 between
      Multi Link Telecommunications, Inc., a Colorado corporation (“the Company”), and
      Philip S. Pesin (“Indemnitee”).

     

    WITNESSETH
      THAT:

     

    WHEREAS,
      Indemnitee performs a valuable service for the Company; and

     

    WHEREAS,
      the Board of Directors of the Company has adopted Bylaws (the “Bylaws”)
      providing for the indemnification of the officers and directors of the Company
      to the maximum extent authorized by law (“Law”); and

     

    WHEREAS,
      the Bylaws and the Law, by their nonexclusive nature, permit contracts between
      the Company and the officers or directors of the Company with respect to
      indemnification of such officers or directors; and

     

    WHEREAS,
      in accordance with the authorization as provided by the Law, the Company may
      purchase and maintain a policy or policies of directors’ and officers’ liability
      insurance (“D & O Insurance”), covering certain liabilities which
      may be incurred by its officers or directors in the performance of their
      obligations to the Company;

     

    NOW,
      THEREFORE, in consideration of Indemnitee’s service as an officer or director
      after the date hereof, the parties hereto agree as follows:

     

    1.           Indemnity
      of Indemnitee.
      The
      Company hereby agrees to hold harmless and indemnify Indemnitee to the full
      extent authorized or permitted by the provisions of the Law, as such may be
      amended from time to time, and the Company’s Bylaws, as such may be amended. In
      furtherance of the foregoing indemnification, and without limiting the
      generality thereof:

     

    (a)           Proceedings
      Other Than Proceedings by or in the Right of the Company.
      Indemnitee shall be entitled to the rights of indemnification provided in this
      Section l(a) if, by reason of his Corporate Status (as hereinafter
      defined), he is, or is threatened to be made, a party to or participant in
      any
      Proceeding (as hereinafter defined) other than a Proceeding by or in the right
      of the Company. Pursuant to this Section 1(a), Indemnitee shall be indemnified
      against all Expenses (as hereinafter defined), judgments, penalties, fines
      and
      amounts paid in settlement actually and reasonably incurred by him, or on his
      behalf, in connection with such Proceeding or any claim, issue or matter
      therein, if he acted in good faith and in a manner he reasonably believed to
      be
      in or not opposed to the best interests of the Company, and with respect to
      any
      criminal Proceeding, had no reasonable cause to believe his conduct was
      unlawful.

     

    (b)           Proceedings
      by or in the Right of the Company.
      Indemnitee shall be entitled to the rights of indemnification provided in this
      Section 1(b) if, by reason of his Corporate Status, he is, or is threatened
      to
      be made, a party to or participant in any Proceeding brought by or in the right
      of the Company. Pursuant to this Section 1(b), Indemnitee shall be indemnified
      against all Expenses actually and reasonably incurred by him, or on his behalf,
      in connection with such Proceeding if he acted in good faith and in a manner
      he
      reasonably believed to be in or not opposed to the best interests of the
      Company; provided, however, if applicable law so provides, no indemnification
      against such Expenses shall be made in respect of any claim, issue or matter
      in
      such Proceeding as to which Indemnitee shall have been adjudged to be liable
      to
      the Company unless and to the extent that the Court of Chancery of the State
      of
      Delaware shall determine that such indemnification may be made.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (c)           Indemnification
      for Expenses of a Party Who is Wholly or Partly Successful.
      Notwithstanding any other provision of this Agreement, to the extent that
      Indemnitee is, by reason of his Corporate Status, a party to and is successful,
      on the merits or otherwise, in any Proceeding, he shall be indemnified to the
      maximum extent permitted by law against all Expenses actually and reasonably
      incurred by him or on his behalf in connection therewith. If Indemnitee is
      not
      wholly successful in such Proceeding but is successful, on the merits or
      otherwise, as to one or more but less than all claims, issues or matters in
      such
      Proceeding, the Company shall indemnify Indemnitee against all Expenses actually
      and reasonably incurred by him or on his behalf in connection with each
      successfully resolved claim, issue or matter. For purposes of this Section
      and
      without limitation, the termination of any claim, issue or matter in such a
      Proceeding by dismissal, with or without prejudice, shall be deemed to be a
      successful result as to such claim, issue or matter.

     

    2.           Additional
      Indemnity.
      In
      addition to, and without regard to any limitations on, the indemnification
      provided for in Section 1 of this Agreement, the Company shall and hereby does
      indemnify and hold harmless Indemnitee against all Expenses, judgments,
      penalties, fines and amounts paid in settlement actually and reasonably incurred
      by him or on his behalf if, by reason of his Corporate Status, he is, or is
      threatened to be made, a party to or participant in any Proceeding (including
      a
      Proceeding by or in the right of the Company), including, without limitation,
      all liability arising out of the negligence or active or passive wrongdoing
      of
      Indemnitee. The only limitation that shall exist upon the Company’s obligations
      pursuant to this Agreement shall be that the Company shall not be obligated
      to
      make any payment to Indemnitee that is finally determined (under the procedures,
      and subject to the presumptions, set forth in Sections 6 and 7 hereof) to be
      unlawful under Delaware law.

     

    3.           Contribution
      in the Event of Joint Liability.

     

    (a)           Whether
      or not the indemnification provided in Sections 1 and 2 hereof is available,
      in
      respect of any threatened, pending or completed action, suit or proceeding
      in
      which the Company is jointly liable with Indemnitee (or would be if joined
      in
      such action, suit or proceeding), the Company shall pay, in the first instance,
      the entire amount of any judgment or settlement of such action, suit or
      proceeding without requiring Indemnitee to contribute to such payment and the
      Company hereby waives and relinquishes any right of contribution it may have
      against Indemnitee. The Company shall not enter into any settlement of any
      action, suit or proceeding in which the Company is jointly liable with
      Indemnitee (or would be if joined in such action, suit or proceeding) unless
      such settlement provides for a full and final release of all claims asserted
      against Indemnitee.

    
      
         

      

      
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    (b)           Without
      diminishing or impairing the obligations of the Company set forth in the
      preceding subparagraph, if, for any reason, Indemnitee shall elect or be
      required to pay all or any portion of any judgment or settlement in any
      threatened, pending or completed action, suit or proceeding in which the Company
      is jointly liable with Indemnitee (or would be if joined in such action, suit
      or
      proceeding), the Company shall contribute to the amount of expenses (including
      attorneys’ fees), judgments, fines and amounts paid in settlement actually and
      reasonably incurred and paid or payable by Indemnitee in proportion to the
      relative benefits received by the Company and all officers, directors or
      employees of the Company, other than Indemnitee, who are jointly liable with
      Indemnitee (or would be if joined in such action, suit or proceeding), on the
      one hand, and Indemnitee, on the other hand, from the transaction from which
      such action, suit or proceeding arose; provided, however, that the proportion
      determined on the basis of relative benefit may, to the extent necessary to
      conform to law, be further adjusted by reference to the relative fault of the
      Company and all officers, directors or employees of the Company other than
      Indemnitee who are jointly liable with Indemnitee (or would be if joined in
      such
      action, suit or proceeding), on the one hand, and Indemnitee, on the other
      hand,
      in connection with the events that resulted in such expenses, judgments, fines
      or settlement amounts, as well as any other equitable considerations which
      the
      Law may require to be considered. The relative fault of the Company and all
      officers, directors or employees of the Company, other than Indemnitee, who
      are
      jointly liable with Indemnitee (or would be if joined in such action, suit
      or
      proceeding), on the one hand, and Indemnitee, on the other hand, shall be
      determined by reference to, among other things, the degree to which their
      actions were motivated by intent to gain personal profit or advantage, the
      degree to which their liability is primary or secondary and the degree to which
      their conduct is active or passive.

     

    (c)           The
      Company hereby agrees to fully indemnify and hold Indemnitee harmless from
      any
      claims of contribution which may be brought by officers, directors or employees
      of the Company, other than Indemnitee, who may be jointly liable with
      Indemnitee.

     

    4.           Indemnification
      for Expenses of a Witness.
      Notwithstanding any other provision of this Agreement, to the extent that
      Indemnitee is, by reason of his Corporate Status, a witness in any Proceeding
      to
      which Indemnitee is not a party, he shall be indemnified against all Expenses
      actually and reasonably incurred by him or on his behalf in connection
      therewith.

     

    5.           Advancement
      of Expenses.
      Notwithstanding any other provision of this Agreement, the Company shall advance
      all Expenses incurred by or on behalf of Indemnitee in connection with any
      Proceeding by reason of Indemnitee’s Corporate Status within ten (10) days after
      the receipt by the Company of a statement or statements from Indemnitee
      requesting such advance or advances from time to time, whether prior to or
      after
      final disposition of such Proceeding. Such statement or statements shall
      reasonably evidence the Expenses incurred by Indemnitee and shall include or
      be
      preceded or accompanied by an undertaking by or on behalf of Indemnitee to
      repay
      any Expenses advanced if it shall ultimately be determined that Indemnitee
      is
      not entitled to be indemnified against such Expenses. Any advances and
      undertakings to repay pursuant to this Section 5 shall be unsecured and interest
      free. Notwithstanding the foregoing, the obligation of the Company to advance
      Expenses pursuant to this Section 5 shall be subject to the condition that,
      if,
      when and to the extent that the Company determines that Indemnitee would not
      be
      permitted to be indemnified under applicable law, the Company shall be entitled
      to be reimbursed, within thirty (30) days of such determination, by Indemnitee
      (who hereby agrees to reimburse the Company) for all such amounts theretofore
      paid; provided, however, that if Indemnitee has commenced or thereafter
      commences legal proceedings in a court of competent jurisdiction to secure
      a
      determination that Indemnitee should be indemnified under applicable law, any
      determination made by the Company that Indemnitee would not be permitted to
      be
      indemnified under applicable law shall not be binding and Indemnitee shall
      not
      be required to reimburse the Company for any advance of Expenses until a final
      judicial determination is made with respect thereto (and as to which all rights
      of appeal therefrom have been exhausted or lapsed).

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    6.           Procedures
      and Presumptions for Determination of Entitlement to
      Indemnification.
      It is
      the intent of this Agreement to secure for Indemnitee rights of indemnity that
      are as favorable as may be permitted under the Law and public policy of the
      State of Delaware. Accordingly, the parties agree that the following procedures
      and presumptions shall apply in the event of any question as to whether
      Indemnitee is entitled to indemnification under this Agreement:

     

    (a)           To
      obtain indemnification (including, but not limited to, the advancement of
      Expenses and contribution by the Company) under this Agreement, Indemnitee
      shall
      submit to the Company a written request, including therein or therewith such
      documentation and information as is reasonably available to Indemnitee and
      is
      reasonably necessary to determine whether and to what extent Indemnitee is
      entitled to indemnification. The Secretary of the Company shall, promptly upon
      receipt of such a request for indemnification, advise the Board of Directors
      in
      writing that Indemnitee has requested indemnification.

     

    (b)           Upon
      written request by Indemnitee for indemnification pursuant to the first sentence
      of Section 6(a) hereof, a determination, if required by applicable law, with
      respect to Indemnitee’s entitlement thereto shall be made in the specific case
      by one of the following three methods, which shall be at the election of
      Indemnitee: (1) by a majority vote of the disinterested directors, even though
      less than a quorum, (2) by independent legal counsel in a written opinion or
      (3)
      by the stockholders.

     

    (c)           If
      the determination of entitlement to indemnification is to be made by Independent
      Counsel pursuant to Section 6(b) hereof, the Independent Counsel shall be
      selected as provided in this Section 6(c). The Independent Counsel shall be
      selected by Indemnitee (unless Indemnitee requests that such selection be made
      by the Board of Directors). Indemnitee or the Company, as the case may be,
      may,
      within 10 days after such written notice of selection shall have been given,
      deliver to the Company or to Indemnitee, as the case may be, a written objection
      to such selection; provided, however, that such objection may be asserted only
      on the ground that the Independent Counsel so selected does not meet the
      requirements of “Independent Counsel” as defined in Section 13 of this
      Agreement, and the objection shall set forth with particularity the factual
      basis of such assertion. Absent a proper and timely objection, the person so
      selected shall act as Independent Counsel. If a written objection is made and
      substantiated, the Independent Counsel selected may not serve as Independent
      Counsel unless and until such objection is withdrawn or a court has determined
      that such objection is without merit. If, within 20 days after submission by
      Indemnitee of a written request for indemnification pursuant to Section 6(a)
      hereof, no Independent Counsel shall have been selected and not objected to,
      either the Company or Indemnitee may petition the Court of Chancery of the
      State
      of Delaware or other court of competent jurisdiction for resolution of any
      objection which shall have been made by the Company or Indemnitee to the other’s
      selection of Independent Counsel and/or for the appointment as Independent
      Counsel of a person selected by the court or by such other person as the court
      shall designate, and the person with respect to whom all objections are so
      resolved or the person so appointed shall act as Independent Counsel under
      Section 6(b) hereof. The Company shall pay any and all reasonable fees and
      expenses of Independent Counsel incurred by such Independent Counsel in
      connection with acting pursuant to Section 6(b) hereof, and the Company shall
      pay all reasonable fees and expenses incident to the procedures of this Section
      6(c), regardless of the manner in which such Independent Counsel was selected
      or
      appointed.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    (d)           In
      making a determination with respect to entitlement to indemnification hereunder,
      the person or persons or entity making such determination shall presume that
      Indemnitee is entitled to indemnification under this Agreement. Anyone seeking
      to overcome this presumption shall have the burden of proof and the burden
      of
      persuasion by clear and convincing evidence.

     

    (e)           Indemnitee
      shall be deemed to have acted in good faith if Indemnitee’s action is based on
      the records or books of account of the Enterprise, including financial
      statements, or on information supplied to Indemnitee by the officers of the
      Enterprise (as hereinafter defined) in the course of their duties, or on the
      advice of legal counsel for the Enterprise or on information or records given
      or
      reports made to the Enterprise by an independent certified public accountant
      or
      by an appraiser or other expert selected with reasonable care by the Enterprise.
      In addition, the knowledge and/or actions, or failure to act, of any director,
      officer, agent or employee of the Enterprise shall not be imputed to Indemnitee
      for purposes of determining the right to indemnification under this Agreement.
      Whether or not the foregoing provisions of this Section 6(e) are satisfied,
      it shall in any event be presumed that Indemnitee has at all times acted in
      good
      faith and in a manner he reasonably believed to be in or not opposed to the
      best
      interests of the Company. Anyone seeking to overcome this presumption shall
      have
      the burden of proof and the burden of persuasion by clear and convincing
      evidence.

     

    (f)           If
      the person, persons or entity empowered or selected under Section 6 to determine
      whether Indemnitee is entitled to indemnification shall not have made a
      determination within thirty (30) days after receipt by the Company of the
      request therefor, the requisite determination of entitlement to indemnification
      shall be deemed to have been made and Indemnitee shall be entitled to such
      indemnification absent (i) a misstatement by Indemnitee of a material fact,
      or
      an omission of a material fact necessary to make Indemnitee’s statement not
      materially misleading, in connection with the request for indemnification,
      or
      (ii) a prohibition of such indemnification under applicable law; provided,
      however, that such 30-day period may be extended for a reasonable time, not
      to
      exceed an additional fifteen (15) days, if the person, persons or entity making
      such determination with respect to entitlement to indemnification in good faith
      requires such additional time to obtain or evaluate documentation and/or
      information relating thereto; and provided, further, that the foregoing
      provisions of this Section 6(g) shall not apply if the determination of
      entitlement to indemnification is to be made by the stockholders pursuant to
      Section 6(b) of this Agreement and if (A) within fifteen (15) days after receipt
      by the Company of the request for such determination, the Board of Directors
      or
      the Disinterested Directors, if appropriate, resolve to submit such
      determination to the stockholders for their consideration at an annual meeting
      thereof to be held within seventy-five (75) days after such receipt and such
      determination is made thereat, or (B) a special meeting of stockholders is
      called within fifteen (15) days after such receipt for the purpose of making
      such determination, such meeting is held for such purpose within sixty (60)
      days
      after having been so called and such determination is made thereat.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    (g)           Indemnitee
      shall cooperate with the person, persons or entity making such determination
      with respect to Indemnitee’s entitlement to indemnification, including providing
      to such person, persons or entity upon reasonable advance request any
      documentation or information which is not privileged or otherwise protected
      from
      disclosure and which is reasonably available to Indemnitee and reasonably
      necessary to such determination. Any Independent Counsel, member of the Board
      of
      Directors or stockholder of the Company shall act reasonably and in good faith
      in making a determination regarding the Indemnitee’s entitlement to
      indemnification under this Agreement. Any costs or expenses (including
      attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with
      the person, persons or entity making such determination shall be borne by the
      Company (irrespective of the determination as to Indemnitee’s entitlement to
      indemnification) and the Company hereby indemnifies and agrees to hold
      Indemnitee harmless therefrom.

     

    (h)           The
      Company acknowledges that a settlement or other disposition short of final
      judgment may be successful if it permits a party to avoid expense, delay,
      distraction, disruption and uncertainty. In the event that any action, claim
      or
      proceeding to which Indemnitee is a party is resolved in any manner other than
      by adverse judgment against Indemnitee (including, without limitation,
      settlement of such action, claim or proceeding with or without payment of money
      or other consideration) it shall be presumed that Indemnitee has been successful
      on the merits or otherwise in such action, suit or proceeding. Anyone seeking
      to
      overcome this presumption shall have the burden of proof and the burden of
      persuasion by clear and convincing evidence.

     

    7.           Remedies
      of Indemnitee.

     

    (a)           In
      the event that (i) a determination is made pursuant to Section 6 of this
      Agreement that Indemnitee is not entitled to indemnification under this
      Agreement, (ii) advancement of Expenses is not timely made pursuant to
      Section 5 of this Agreement, (iii) no determination of entitlement to
      indemnification is made pursuant to Section 6(b) of this Agreement within 90
      days after receipt by the Company of the request for indemnification, (iv)
      payment of indemnification is not made pursuant to this Agreement within ten
      (10) days after receipt by the Company of a written request therefor or
      (v) payment of indemnification is not made within ten (10) days after a
      determination has been made that Indemnitee is entitled to indemnification
      or
      such determination is deemed to have been made pursuant to Section 6 of this
      Agreement, Indemnitee shall be entitled to an adjudication in an appropriate
      court of the State of Delaware, or in any other court of competent jurisdiction,
      of his entitlement to such indemnification. Indemnitee shall commence such
      proceeding seeking an adjudication within 180 days following the date on which
      Indemnitee first has the right to commence such proceeding pursuant to this
      Section 7(a). The Company shall not oppose Indemnitee’s right to seek any such
      adjudication.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    (b)           In
      the event that a determination shall have been made pursuant to Section 6(b)
      of
      this Agreement that Indemnitee is not entitled to indemnification, any judicial
      proceeding commenced pursuant to this Section 7 shall be conducted in all
      respects as a de
      novo trial
      on
      the merits, and Indemnitee shall not be prejudiced by reason of the adverse
      determination under Section 6(b).

     

    (c)           If
      a determination shall have been made pursuant to Section 6(b) of this Agreement
      that Indemnitee is entitled to indemnification, the Company shall be bound
      by
      such determination in any judicial proceeding commenced pursuant to this Section
      7, absent a prohibition of such indemnification under applicable
      law.

     

    (d)           In
      the event that Indemnitee, pursuant to this Section 7, seeks a judicial
      adjudication of his rights under, or to recover damages for breach of, this
      Agreement, or to recover under any directors’ and officers’ liability insurance
      policies maintained by the Company, the Company shall pay on his behalf, in
      advance, any and all expenses (of the types described in the definition of
      Expenses in Section 13 of this Agreement) actually and reasonably incurred
      by
      him in such judicial adjudication, regardless of whether Indemnitee ultimately
      is determined to be entitled to such indemnification, advancement of expenses
      or
      insurance recovery.

     

    (e)           The
      Company shall be precluded from asserting in any judicial proceeding commenced
      pursuant to this Section 7 that the procedures and presumptions of this
      Agreement are not valid, binding and enforceable and shall stipulate in any
      such
      court that the Company is bound by all the provisions of this
      Agreement.

     

    8.           Non-Exclusivity;
      Survival of Rights; Insurance; Subrogation.

     

    (a)           The
      rights of indemnification as provided by this Agreement shall not be deemed
      exclusive of any other rights to which Indemnitee may at any time be entitled
      under applicable law, the certificate of incorporation of the Company, the
      Bylaws, any agreement, a vote of stockholders, a resolution of directors or
      otherwise. No amendment, alteration or repeal of this Agreement or of any
      provision hereof shall limit or restrict any right of Indemnitee under this
      Agreement in respect of any action taken or omitted by such Indemnitee in his
      Corporate Status prior to such amendment, alteration or repeal. To the extent
      that a change in the Law, whether by statute or judicial decision, permits
      greater indemnification than would be afforded currently under the Bylaws and
      this Agreement, it is the intent of the parties hereto that Indemnitee shall
      enjoy by this Agreement the greater benefits so afforded by such change. No
      right or remedy herein conferred is intended to be exclusive of any other right
      or remedy, and every other right and remedy shall be cumulative and in addition
      to every other right and remedy given hereunder or now or hereafter existing
      at
      law or in equity or otherwise. The assertion or employment of any right or
      remedy hereunder, or otherwise, shall not prevent the concurrent assertion
      or
      employment of any other right or remedy.

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    (b)           To
      the extent that the Company maintains an insurance policy or policies providing
      liability insurance for directors, officers, employees, or agents or fiduciaries
      of the Company or of any other corporation, partnership, joint venture, trust,
      employee benefit plan or other enterprise that such person serves at the request
      of the Company, Indemnitee shall be covered by such policy or policies in
      accordance with its or their terms to the maximum extent of the coverage
      available for any director, officer, employee, agent or fiduciary under such
      policy or policies.

     

    (c)           In
      the event of any payment under this Agreement, the Company shall be subrogated
      to the extent of such payment to all of the rights of recovery of Indemnitee,
      who shall execute all papers required and take all action necessary to secure
      such rights, including execution of such documents as are necessary to enable
      the Company to bring suit to enforce such rights.

     

    (d)           The
      Company shall not be liable under this Agreement to make any payment of amounts
      otherwise indemnifiable hereunder if and to the extent that Indemnitee has
      otherwise actually received such payment under any insurance policy, contract,
      agreement or otherwise.

     

    9.           Exception
      to Right of Indemnification.
      Notwithstanding any other provision of this Agreement, Indemnitee shall not
      be
      entitled to indemnification under this Agreement with respect to any Proceeding
      brought by Indemnitee, or any claim therein, unless (a) the bringing of such
      Proceeding or making of such claim shall have been approved by the Board of
      Directors of the Company or (b) such Proceeding is being brought by Indemnitee
      to assert, interpret or enforce his rights under this Agreement.

     

    10.           Duration
      of Agreement.
      All
      agreements and obligations of the Company contained herein shall continue during
      the period Indemnitee is an officer or director of the Company (or is or was
      serving at the request of the Company as a director, officer, employee or agent
      of another corporation, partnership, joint venture, trust or other enterprise)
      and shall continue thereafter so long as Indemnitee shall be subject to any
      Proceeding (or any proceeding commenced under Section 7 hereof) by reason of
      his
      Corporate Status, whether or not he is acting or serving in any such capacity
      at
      the time any liability or expense is incurred for which indemnification can
      be
      provided under this Agreement. 

     

    11.           Security.
      To the
      extent requested by Indemnitee and approved by the Board of Directors of the
      Company, the Company may at any time and from time to time provide security
      to
      Indemnitee for the Company’s obligations hereunder through an irrevocable bank
      line of credit, funded trust or other collateral. Any such security, once
      provided to Indemnitee, may not be revoked or released without the prior written
      consent of the Indemnitee.

     

    12.           Enforcement.

     

    (a)           The
      Company expressly confirms and agrees that it has entered into this Agreement
      and assumes the obligations imposed on it hereby in order to induce Indemnitee
      to serve as an officer or director of the Company, and the Company acknowledges
      that Indemnitee is relying upon this Agreement in serving as an officer or
      director of the Company.

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    (b)           This
      Agreement constitutes the entire agreement between the parties hereto with
      respect to the subject matter hereof and supersedes all prior agreements and
      understandings, oral, written and implied, between the parties hereto with
      respect to the subject matter hereof.

     

    13.           Definitions.
      For
      purposes of this Agreement:

     

    (a)           “Corporate
      Status” describes the status of a person who is or was a director, officer,
      employee, agent or fiduciary of the Company or of any other corporation,
      partnership, joint venture, trust, employee benefit plan or other enterprise
      that such person is or was serving at the express written request of the
      Company.

     

    (b)           “Disinterested
      Director” means a director of the Company who is not and was not a party to the
      Proceeding in respect of which indemnification is sought by
      Indemnitee.

     

    (c)           “Enterprise”
      shall mean the Company and any other corporation, partnership, joint venture,
      trust, employee benefit plan or other enterprise that Indemnitee is or was
      serving at the express written request of the Company as a director, officer,
      employee, agent or fiduciary.

     

    (d)           “Expenses”
      shall include all reasonable attorneys’ fees, retainers, court costs, transcript
      costs, fees of experts, witness fees, travel expenses, duplicating costs,
      printing and binding costs, telephone charges, postage, delivery service fees
      and all other disbursements or expenses of the types customarily incurred in
      connection with prosecuting, defending, preparing to prosecute or defend,
      investigating, participating, or being or preparing to be a witness in a
      Proceeding.

     

    (e)           “Independent
      Counsel” means a law firm, or a member of a law firm, that is experienced in
      matters of corporation law and neither presently is, nor in the past five years
      has been, retained to represent: (i) the Company or Indemnitee in any matter
      material to either such party (other than with respect to matters concerning
      Indemnitee under this Agreement, or of other indemnitees under similar
      indemnification agreements), or (ii) any other party to the Proceeding giving
      rise to a claim for indemnification hereunder. Notwithstanding the foregoing,
      the term “Independent Counsel” shall not include any person who, under the
      applicable standards of professional conduct then prevailing, would have a
      conflict of interest in representing either the Company or Indemnitee in an
      action to determine Indemnitee’s rights under this Agreement. The Company agrees
      to pay the reasonable fees of the Independent Counsel referred to above and
      to
      fully indemnify such counsel against any and all Expenses, claims, liabilities
      and damages arising out of or relating to this Agreement or its engagement
      pursuant hereto.

     

    (f)           “Proceeding”
      includes any threatened, pending or completed action, suit, arbitration,
      alternate dispute resolution mechanism, investigation, inquiry, administrative
      hearing or any other actual, threatened or completed proceeding, whether brought
      by or in the right of the Company or otherwise and whether civil, criminal,
      administrative or investigative, in which Indemnitee was, is or will be involved
      as a party or otherwise, by reason of the fact that Indemnitee is or was an
      officer or director of the Company, by reason of any action taken by him or
      of
      any inaction on his part while acting as an officer or director of the Company,
      or by reason of the fact that he is or was serving at the request of the Company
      as a director, officer, employee, agent or fiduciary of another corporation,
      partnership, joint venture, trust or other Enterprise; in each case whether
      or
      not he is acting or serving in any such capacity at the time any liability
      or
      expense is incurred for which indemnification can be provided under this
      Agreement; including one pending on or before the date of this Agreement, but
      excluding one initiated by an Indemnitee pursuant to Section 7 of this Agreement
      to enforce his rights under this Agreement.

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    14.           Severability.
      If any
      provision or provisions of this Agreement shall be held by a court of competent
      jurisdiction to be invalid, void, illegal or otherwise unenforceable for any
      reason whatsoever: (a) the validity, legality and enforceability of the
      remaining provisions of this Agreement (including without limitation, each
      portion of any section of this Agreement containing any such provision held
      to
      be invalid, illegal or unenforceable that is not itself invalid, illegal or
      unenforceable) shall not in any way be affected or impaired thereby and shall
      remain enforceable to the fullest extent permitted by law; and (b) to the
      fullest extent possible, the provisions of this Agreement (including, without
      limitation, each portion of any section of this Agreement containing any such
      provision held to be invalid, illegal or unenforceable that is not itself
      invalid, illegal or unenforceable) shall be construed so as to give effect
      to
      the intent manifested thereby. Without limiting the generality of the foregoing,
      this Agreement is intended to confer upon Indemnitee indemnification rights
      to
      the fullest extent permitted by applicable laws. In the event any provision
      hereof conflicts with any applicable law, such provision shall be deemed
      modified, consistent with the aforementioned intent, to the extent necessary
      to
      resolve such conflict. 

     

    15.           Modification
      and Waiver.
      No
      supplement, modification, termination or amendment of this Agreement shall
      be
      binding unless executed in writing by both of the parties hereto. No waiver
      of
      any of the provisions of this Agreement shall be deemed or shall constitute
      a
      waiver of any other provisions hereof (whether or not similar) nor shall such
      waiver constitute a continuing waiver.

     

    16.           Notice
      By Indemnitee.
      Indemnitee agrees promptly to notify the Company in writing upon being served
      with or otherwise receiving any summons, citation, subpoena, complaint,
      indictment, information or other document relating to any Proceeding or matter
      which may be subject to indemnification covered hereunder. The failure to so
      notify the Company shall not relieve the Company of any obligation which it
      may
      have to Indemnitee under this Agreement or otherwise unless and only to the
      extent that such failure or delay materially prejudices the
      Company.

     

    17.           Notices.
      All
      notices, requests, demands and other communications hereunder shall be in
      writing and shall be deemed to have been duly given if (i) delivered by
      hand and receipted for by the party to whom said notice or other communication
      shall have been directed, or (ii) mailed by certified or registered mail
      with postage prepaid, on the third business day after the date on which it
      is so
      mailed:

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    (a)           If
      to Indemnitee, to the address set forth below Indemnitee signature
      hereto.

     

    If
      to the
      Company, to:

    

    Multi
      Link Telecommunications, Inc. 

    5555
      Triangle Parkway, Suite 300

    Norcross,
      GA 30092

    FAX:
      678-282-1700

    Attn:
      Chief Financial Officer

    

    or
      to
      such other address as may have been furnished to Indemnitee by the Company
      or to
      the Company by Indemnitee, as the case may be.

     

    18.           Identical
      Counterparts.
      This
      Agreement may be executed in one or more counterparts, each of which shall
      for
      all purposes be deemed to be an original but all of which together shall
      constitute one and the same Agreement. Only one such counterpart signed by
      the
      party against whom enforceability is sought needs to be produced to evidence
      the
      existence of this Agreement. 

     

    19.           Headings.
      The
      headings of the paragraphs of this Agreement are inserted for convenience only
      and shall not be deemed to constitute part of this Agreement or to affect the
      construction thereof.

     

    20.           Governing
      Law.
      The
      parties agree that this Agreement shall be governed by, and construed and
      enforced in accordance with, the laws of the State of Delaware without
      application of the conflict of laws principles thereof.

     

    21.           Gender.
      Use of
      the masculine pronoun shall be deemed to include usage of the feminine pronoun
      where appropriate.

     

    

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

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

     

    MULTI
      LINK TELECOMMUNICATIONS, INC.

    

    

    By:
      /s/
      Dayne Wagoner              

    

    Name:
      Dayne
      Wagoner              

    

    Title:
      Director                    

    

     

    INDEMNITEE

     

    /s/
      Philip S. Pesin                  

    

    Name:
      Philip
      S. Pesin                

    

     

    Address: 

    ______________________________________

    ______________________________________

    ______________________________________

    ______________________________________

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