Document:

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                                                                   EXHIBIT 10.11

                 SIXTH AMENDMENT TO LOAN DOCUMENTS AND AGREEMENT

      THIS SIXTH AMENDMENT TO LOAN DOCUMENTS AND AGREEMENT ("Agreement") is made
and entered into effective April 14, 2004, (the "Effective Date") by and between
AmSouth Bank (hereinafter referred to as "AmSouth"), TBA Entertainment
Corporation, a Delaware corporation (herein referred to as "TBA"), and its
wholly-owned subsidiaries, TBA Entertainment Group Nashville, Inc., a Tennessee
corporation ("TBAN"), TBA Entertainment Group Chicago, Inc., a Delaware
corporation ("TBAC"), TBA Entertainment Group Phoenix, Inc., an Arizona
corporation ("TBAP"), TBA Entertainment Holding Corporation, a Delaware
corporation ("TBAH"), Titley Spalding & Associates, LLC, a Tennessee limited
liability company ("TS&A"), TKS Marketing, Inc., a Tennessee corporation
("TKS"), Mike Atkins Management, Inc., a Tennessee corporation ("Atkins"), Romeo
Entertainment Group, Inc., a Nebraska corporation ("Romeo"), EJD Concert
Services, Inc., an Oregon corporation ("EJD"), Moore Entertainment, Inc., a
Tennessee corporation ("Moore"), TBA Merchandising, Inc., an Indiana corporation
("TBAM"), and Alliance Artists, Ltd., a Georgia corporation ("Alliance") (TBAN,
TBAC, TBAP, TBAH, TS&A, TKS, Atkins, Romeo, EJD, Moore, TBAM and Alliance being
sometimes referred to herein individually as a "Guarantor" and, when referring
to two or more, as "Guarantors," and TBA and all of its Guarantors being
sometimes referred to herein collectively as the "Debtors," whether in their
capacity as a Borrower, Guarantor, Pledgor, Subsidiary or otherwise, as defined
in the Loan Documents referred to below),

                              W I T N E S S E T H:

      WHEREAS, pursuant to the terms of a Loan and Security Agreement dated as
of October 10, 2001 (the Loan and Security Agreement dated as of October 10,
2001, as amended by the First Amendment, Second Amendment, Third Amendment,
Fourth Amendment, Fifth Amendment, all as defined herein, and this Sixth
Amendment, as further amended, modified, and extended is referred to herein as
the "Loan Agreement"), AmSouth agreed to provide to TBA the loans described
therein, to consist of a revolving line of credit and a non-revolving term loan;
and

      WHEREAS, on or about October 10, 2001, the transaction contemplated by the
Loan Agreement was closed, and incident thereto, among other things,

      (a)   TBA executed and delivered to AmSouth that certain Line of Credit
            Promissory Note dated October 10, 2001, in the original principal
            amount of Three Million Dollars ($3,000,000.00), and maturing June
            30, 2003 (the Line of Credit Promissory Note dated October 10, 2001,
            as amended by that Renewal Line of Credit Promissory Note dated
            April 10, 2003, as amended by that Replacement and Extended Line of
            Credit Promissory Note executed by TBA of even date herewith, as
            further amended, modified, and extended, is referred to herein as
            the "Working Capital Note");

      (b)   TBA executed and delivered to AmSouth that certain Term Promissory
            Note dated October 10, 2001, in the original principal amount of One
            Million Fifty

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            Thousand Dollars ($1,050,000.00), and maturing September 30, 2003
            (the "Term Note"), which Term Note has been paid in full;

      (c)   The Guarantors executed and delivered their Guaranty and Suretyship
            Agreement dated as of October 10, 2001 (the "Guaranty") in favor of
            AmSouth;

      WHEREAS, Debtors subsequently represented to AmSouth that because of their
financial conditions, they were unable to pay the full amount of their liability
for the indebtedness arising under the Working Capital Note and the Term Note,
and the parties entered into a Waiver, Modification and Security Agreement dated
as of April 10, 2002 as amended (the "Waiver Agreement") in order to induce
AmSouth to forbear from exercising its remedies following default;

      WHEREAS, in order to accommodate the agreement between AmSouth and Debtors
pursuant to the Waiver Agreement, the parties executed the First Amendment to
Loan Documents and Agreement dated as of May 2, 2002 (the "First Amendment"),
incident to which First Amendment the Debtors executed, among other things, a
$500,000.00 Note payable to AmSouth (the "New Senior Loan"), which New Senior
Loan has been paid in full;

      WHEREAS, Debtors subsequently represented to AmSouth that because of their
financial conditions, they were unable to pay the full amount of their liability
for the indebtedness arising under the Working Capital Note, and the parties
entered into a Second Amendment to Loan Documents and Agreement dated effective
April 10, 2003 (the "Second Amendment") in order to induce AmSouth to forbear
from exercising its remedies following default;

      WHEREAS, pursuant to the terms of the Second Amendment, the Debtors
executed a Renewal Line of Credit Promissory Note dated April 10, 2003 in the
principal amount of $3,000,000.00, pursuant to which the Debtors agreed to make
monthly payments of principal and interest to AmSouth until the extended
maturity date of April 30, 2004 (the "Maturity Date"), and TBA issued to AmSouth
two (2) warrants to purchase Common Stock of TBA (the "Warrants");

      WHEREAS, Debtors subsequently represented to AmSouth that because of their
financial conditions, they were unable to pay the full amount of the
Indebtedness (defined below) arising under the Working Capital Note, and the
parties entered into a Third Amendment to Loan Documents and Agreement dated
effective November 14, 2003 (the "Third Amendment") in order to induce AmSouth
to forbear from exercising its remedies upon default and to provide for the
restructure of payments due under the Working Capital Note;

      WHEREAS, Debtors and AmSouth subsequently executed a Fourth Amendment to
Loan Documents and Agreement dated January 30, 2004 (the "Fourth Amendment"),
pursuant to which the parties agreed, among other things, to increase the
principal payments due under the Working Capital Note and to modify the Maturity
Date, and a Fifth Amendment to Loan Documents and Agreement dated March 31, 2004
(the "Fifth Amendment") pursuant to which the parties agreed, among other
things, to extend the Maturity Date of the Working Capital Note to April 14,
2004.

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      WHEREAS, as of April 14, 2004, TBA is indebted to AmSouth under the
Working Capital Note, and all extensions and amendments thereto, in the
principal amount of $2,560,122.13, plus accrued interest, late fees, costs and
attorneys' fees;

      WHEREAS, AmSouth shall not make any more advances to TBA pursuant to the
Working Capital Note;

      WHEREAS, the indebtedness evidenced and secured by the Working Capital
Note, the Loan Agreement, the Guaranty, the Waiver Agreement, and all amendments
thereto, and all other documents evidencing, securing, or relating to all
transactions referred to herein (herein referred to collectively as the "Loan
Documents"), including accrued costs, late fees, attorneys' fees and interest,
is herein referred to collectively as the "Indebtedness";

      WHEREAS, the Indebtedness is fully enforceable and is not subject to any
defense or counterclaim, or any claim of setoff or recoupment;

      WHEREAS, the Debtors are presently in default of the Indebtedness and
their respective obligations arising under the Loan Documents and Debtors have
again represented to AmSouth that because of their financial conditions, they
are unable to pay the full amount of their liability for the Indebtedness;

      WHEREAS, the Debtors have represented to AmSouth that they have executed a
Merger Agreement dated April 8, 2004 by and among TBA, TBA Holdings, LLC, an
entity controlled by Irving Azoff, Robert Geddes and JHW Greentree Capital, L.P.
("Purchaser"), and TBA Merger Sub, Inc., a wholly owned subsidiary of Purchaser
(the "Merger Agreement"), pursuant to which Merger Agreement the Purchaser, on
the date of Closing, as defined in the Merger Agreement, (a duly executed copy
of which has been provided to AmSouth, prior to execution of this Sixth
Amendment), shall acquire all of the capital stock of TBA ;

      WHEREAS, the parties hereto discussed a Forbearance Term Sheet issued in
April 2004 and AmSouth has agreed to temporarily forbear from exercising its
remedies upon default subject to the terms and conditions herein set forth;

      WHEREAS, each of the parties acknowledges that it has been represented by
counsel in connection with the negotiation and execution of this Agreement, that
the same represents an arms-length transaction and that each of the other
parties has acted in good faith in the making of this Agreement;

      WHEREAS, all terms capitalized herein, but not specially defined herein,
are intended to have the meanings ascribed to them in the Loan Agreement, unless
the context clearly indicates otherwise;

      WHEREAS, the parties stipulate and agree that the facts recited
hereinabove are true and correct; and

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      WHEREAS, the parties have agreed to modify the Indebtedness, and Loan
Documents, and have otherwise agreed all as more particularly set forth herein.

      NOW, THEREFORE, for and in consideration of the foregoing recitals (all of
which are incorporated herein as agreements, representations, warranties or
covenants of the Debtors), of the mutual covenants and promises contained
herein, and of other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged by the parties hereto, the parties
hereby covenant, amend and agree as follows:

      1. In regard to the Working Capital Note, the parties agree that Section
2.1 of the Loan Agreement is deleted and the following is substituted instead:

            2.1 The Working Capital Note.

            (a) In place of the Renewal Line of Credit Promissory Note, which
      replaced the original October 10, 2001 Line of Credit Promissory Note,
      which Working Capital Note is presently in default, TBA shall execute and
      deliver to AmSouth a Replacement and Extended Line of Credit Promissory
      Note dated April 14, 2004 payable to AmSouth in the principal amount of
      $2,560,122.13, and in form and substance required by AmSouth (the
      "Replacement Promissory Note"), which shall be governed by the following
      terms:

                  (i) The Replacement Promissory Note shall mature on the
            earlier of March 31, 2005 (the "Maturity Date") or upon the
            occurrence of a Termination Event, as defined in Section 11 of this
            Agreement.

                  (ii) Interest shall continue to accrue, from and after April
1, 2004, at the annual rate equal to the interest rate designated from time to
time by Bank as its "Prime Rate," which rate shall be adjusted on each day that
said Prime Rate changes, plus one percent (1.00%). After maturity or default,
interest shall accrue at a default rate equal to the lesser of AmSouth's Prime
Rate plus four percentage points (4%) or the highest lawful rate then in effect
pursuant to applicable law.

                  (iii) TBA shall make monthly payments of principal and
            interest payable as follows:

                        (aa) Commencing on the thirtieth (30th) day of April,
                  2004, and on the like day of each succeeding month thereafter
                  until final maturity, monthly payments of interest only shall
                  be due and payable.

                        (bb) Commencing on the thirtieth (30th) day of June,
                  2004, and on the like day of each succeeding month until final
                  maturity, monthly payments of principal in the amount of
                  $55,000.00 shall be due and payable. In addition to the
                  monthly payments of principal due pursuant to this paragraph,
                  in the event that, in any quarter during the term of the Note,
                  Borrower's actual EBITDA exceeds Quarterly EBITDA Projections,
                  as defined below, for Borrower's quarters ending June 30,
                  2004, September 30,

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                  2004 and December 31, 2004, then prepaid principal payments
                  equal to sixty percent (60%) of the total amount that
                  Borrower's actual EBITDA exceeds Quarterly EBITDA Projections
                  shall be due and payable. Such mandatory principal prepayments
                  shall be due and payable on the following dates: August 13,
                  2004, as to the quarter ending June 30, 2004; November 12,
                  2004, as to the quarter ending September 30, 2004 and February
                  15, 2005 as to the quarter ending December 31, 2004.
                  "Quarterly EBITDA Projections" are as follows: $349,949.00 for
                  quarter ending June 30, 2004; $1,654,482.00 for quarter ending
                  September 30, 2004; and $18,372.00 for quarter ending December
                  31, 2004.

                        (cc) The entire unpaid principal and all accrued
                  interest and other charges shall be due and payable on March
                  31, 2005 (the "Maturity Date").

            (b) Section 1 of the Loan Agreement is hereby amended as follows:
      "Notes" means the Working Capital Note, as defined in this Sixth
      Amendment, and all further modifications, extensions, and amendments to
      the Working Capital Note. "Loan Documents" means the Working Capital Note,
      as defined in this Sixth Amendment, the Loan Agreement, the Guaranty, the
      Waiver Agreement and all amendments thereto, and all other documents
      evidencing, securing, or relating to all transactions referred to herein.

            (c) Section 2.2 of the Loan Agreement is hereby deleted. Section 2.3
      of the Loan Agreement is modified to state that Debtors shall pay to
      AmSouth a nonrefundable extension fee in the amount of $24,000.00 due on
      April 14, 2004.

            (d) Sections 2.4, 2.5, 2.6 and 2.7 of the Loan Agreement are hereby
      deleted.

            (e) Section 3.2 of the Loan Agreement is hereby deleted and the
      following is substituted instead:

                  3.2 Requirements for Subsequent Advances. There shall be no
                  additional sums advanced under the Working Capital Note.

      2. The Debtors hereby warrant, represent and affirm to AmSouth that all of
the representations and warranties set forth in Section 5 of the Loan Agreement
(except for Sections 5.6 and 5.14 as same pertain to the two (2) lawsuits
referenced in Section 6 of this Sixth Amendment) as amended and expanded
pursuant to the First Amendment, and as amended and expanded pursuant to Section
4 of the Second Amendment are correct as of the Effective Date and that all of
the statements contained in the preamble to this Agreement are true and
accurate. All representations and warranties made by Debtors to AmSouth under
the Loan Documents and this Agreement and all other agreements entered into by
the parties subsequent to this Agreement shall remain true and correct
throughout the term of this Agreement.

      3. The Debtors do hereby affirm all covenants set forth in Section 6 of
the Loan Agreement, as amended, and the additional affirmative covenants set
forth in Section 3 (a) through (d) of the Second Amendment, except that the
parties do further hereby amend Section 6

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of the Loan Agreement by deleting Section 6.9 in its entirety and by
substituting the following language in its stead:

            6.9 Payment of Funded Debt. During the term of this Agreement, the
      Debtors are hereby prohibited from making any payments of principal toward
      any Funded Debt (whether direct or indirect, including Guarantee
      Obligations), due any Person, without first obtaining the prior written
      consent of AmSouth. However, Debtors are permitted to make all scheduled
      debt payments arising under certain seller notes as itemized in Exhibit A
      (the "Seller Notes") attached hereto and paid in accordance with payment
      amounts for the Seller Notes appearing on the TBA 2004 Cash Flow
      Projections attached hereto as Exhibit B. During the term of this
      Agreement, the Debtors are hereby prohibited from making any additional
      payments of principal which exceed the principal payment amounts as shown
      on Exhibit B toward the Seller Notes, without first obtaining the prior
      written consent of AmSouth.

      Additionally, Debtors expressly acknowledge that they are presently in
default of the covenants set forth in Section 6.13 of the Loan Agreement, as
amended, and in Section 3 (e) of the Second Amendment, and in Section 2 of the
Third Amendment and Fourth Amendment. Provided that there is no other default
hereunder, and provided further that Debtors covenant that TBA will achieve at
least eighty-five percent (85%) of projected year to date EBITDA, as set forth
on Exhibit B to this Amendment, tested quarterly, AmSouth temporarily waives
such default under Section 6.13 of the Loan Agreement, Section 3 (e) of the
Second Amendment and in Sections 2 of the Third Amendment and Fourth Amendment,
all as amended herein. Accordingly, the Debtors expressly covenant that TBA will
achieve at least eighty-five percent (85%) of projected year to date EBITDA, as
set forth on Exhibit B to this Amendment, projected quarterly.

      4. In regard to the issuance of the Warrants, TBA and all Debtors
acknowledge and agree that the Warrants remain in full force and effect in
accordance with the terms of the Warrants, and Debtors expressly affirm the
additional affirmative covenants regarding the Warrants as set forth in Section
3(f) of the Second Amendment. Additionally, at the Closing as defined in Merger
Agreement, AmSouth will surrender, cancel and return to TBA the TBA
Entertainment Corporation Warrant to Purchase Common Stock, Number of Shares
177,645, issued on April 10, 2003 (the "Market Warrant") without payment to
AmSouth thereunder. Additionally, at the Closing as defined in the Merger
Agreement, TBA will pay to AmSouth in satisfaction of the TBA Entertainment
Corporation Warrant to Purchase Common Stock, Number of Shares to be Determined,
issued on April 10, 2003 (the "Penny Warrant"), the amount determined under
Section 2.05 of the Merger Agreement (which amount the Debtors represent shall
be approximately Eighty-Two Thousand Five Hundred and No/100 ($82,500.00). Upon
receipt of such sum AmSouth will surrender and return to TBA the Penny Warrant
for cancellation. The representation of Debtors hereunder shall survive the term
of this Sixth Amendment.

      5. Debtors further covenant and agree that, upon execution of this
Agreement, they will cause to be paid all of the fees and expenses incurred by
AmSouth, its agents, attorneys, accountants, appraisers, employees and
representatives, pursuant to all actions contemplated by

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the Loan Documents no later than ten (10) days after presentment of invoices for
such fees and expenses to Debtors by AmSouth. Failure of Debtors to timely pay
such invoices shall constitute a default hereunder.

      6. The negative covenants set forth in Sections numbered 7.1, 7.2, and 7.4
as same appear in Section 7 of the Loan Agreement, and Section numbered 1 (l) of
the First Amendment are hereby deleted and the following negative covenants are
inserted instead:

                  7.1 Merger, Reorganization or Acquisition. AmSouth
      acknowledges that it has received a copy of the fully executed Merger
      Agreement and consents to all actions by Debtors as set forth therein.
      However, neither TBA nor any other Debtor shall agree to modify the terms
      of the Merger Agreement in any way whatsoever, without first obtaining the
      prior written consent of AmSouth which may be withheld in AmSouth's sole
      discretion. Furthermore, during the term of this Agreement, neither TBA
      nor any Debtor shall enter into any other merger, consolidation,
      reorganization or recapitalization or engage in any Acquisition (as
      defined in the Loan Agreement) whatsoever.

                  7.2 Sale of Assets. Except for the transactions contemplated
      by the Merger Agreement, neither TBA nor any other Debtor, other than TBAM
      will sell, transfer, lease or otherwise dispose of all or any material
      part of its assets; provided, however, TBA and Guarantors may, in the
      ordinary course of business, replace damaged, obsolete or worn equipment
      with equipment of similar value and use and TBAM may sell all or any
      portion of its assets, in which event AmSouth agrees to release TBAM from
      the Guaranty and this Agreement and release any security interests it has
      with respect to any assets of TBAM, upon consummation of any such TBAM
      sale.

            7.4 Debts and Other Obligations. Neither TBA nor any Debtor will
      incur, create or assume, or permit to exist any Funded Debt, or any
      additional debt, except for trade debt incurred in the ordinary course of
      business.

      Sections numbered 7.3, 7.5, 7.6, 7.7, 7.8, 7.9, 7.10, 7.11, 7.12, 7.13,
7.14, 7.15, and 7.16 as same appear in Section 7 of the Loan Agreement, as
amended pursuant to the terms of the First Amendment, and as confirmed in
Section 5 of the Second Amendment, in Section 6 of the Third Amendment and in
Sections 3 of the Fourth and Fifth Amendments shall continue in full force and
effect and all statements and covenants as set forth therein are affirmed by
Debtors and shall remain true and correct throughout the term of this Agreement.

      In addition to the Negative Covenants set forth in Section 7 of the Loan
Agreement, as amended, the parties further amend Section 7 to include the
following additional negative covenants:

            7.17. Change of Management.  During the term of this Agreement,
      there shall be no change of management of any Debtor.

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            7.18 Additional Defaults. During the term of this Agreement, Debtors
      shall not be in default of any of their obligations to any other person or
      entity, if the effect of such default would, in AmSouth's sole discretion,
      impair AmSouth's position or any Debtors' ability to operate.

            7.19 Lawsuits. During the term of this Agreement, there shall be no
      lawsuit filed by any owner or holder of a debt, except for (i) the case
      styled Pamela Furmanek v. TBA Entertainment Corporation, No. 03 L 10196,
      Circuit Court of Cook County, Illinois, in which judgment has been
      obtained and TBA is presently satisfying pursuant to the terms of the
      Fourth Amendment; and (ii) the case styled Richard S. Smith ("Smith") v.
      TBA Entertainment Corporation, Circuit Court of Cook County, Illinois, in
      which Debtors expressly represent to AmSouth, that Smith has expressly
      agreed with TBA to modify and extend the debt owed to him under said Note
      until March 31, 2005, pursuant to the terms of a Letter to Mr. Richard S.
      Smith from Thomas Jackson Weaver III dated March 30, 2004, a copy of which
      Letter is attached hereto as Exhibit C.

      7. All indebtedness and obligations now or hereafter owing to AmSouth by
TBA or any other of the Debtors, or any combination thereof, including but not
limited to the Indebtedness, whether evidenced by the Working Capital Note,
shall be guaranteed by all of Debtors. The Guaranty shall continue in full force
and effect and the Debtors hereby ratify and reaffirm all of the terms and
conditions set forth in the Loan Documents on which they are signatories. The
Debtors and Guarantors hereby consent to the terms and conditions of this
Agreement and reaffirm and agree that their obligations as co-makers and/or
guarantors with respect to the Existing Indebtedness continue and extend to the
Working Capital Note, as amended hereunder, and to all future renewals,
extensions, replacements, amendments and modifications thereof.

      8. The Debtors reaffirm that all property, rights and interest of any,
some or all of Debtors which now or hereafter serve as collateral security for
any of the Indebtedness, shall hereafter secure all indebtedness and obligations
now or hereafter owing by TBA, or any other of the Debtors to AmSouth, whether
now existing or hereafter arising, including but not limited to the
Indebtedness, and all renewals, extensions, replacements and modifications
thereof, in accordance with Section 6 of the Second Amendment.

      9. A default in any of the Loan Documents, this Agreement, any additional
instruments and documents executed pursuant hereto, or in any indebtedness or
obligation now or hereafter owing by any, some or all of Debtors to AmSouth,
shall, at the option of AmSouth, constitute a default in any or all of the Loan
Documents or indebtedness now or hereafter owing by any, some or all of the
Debtors to AmSouth.

      10. The following events shall each be considered a "Termination Event"
under the terms of this Agreement:

            (a) March 31, 2005.

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            (b) Debtors, or any of them, except that TBAM is expressly excluded
      from this provision, become a debtor in bankruptcy by means of either a
      voluntary or involuntary petition.

            (c) Any kind of receivership or insolvency proceeding is commenced
      by or against Debtors, except TBAM.

            (d) The Closing, as defined in the Merger Agreement, occurs.

            (e) A Change of Control, as defined in the Loan Agreement, occurs.

            (f) A default by any of the Debtors of any of the representation,
      warranties, covenant or obligation set forth herein.

      11. The Debtors acknowledge and agree (a) that all current and future
subsidiary corporations, limited liability companies and other entities of any
of Debtors shall execute and deliver Guaranty and Suretyship Agreements
guaranteeing all indebtedness and obligations, whether now existing or hereafter
arising, of any, some, or all of Debtors, to AmSouth, immediately upon formation
or acquisition of any future subsidiary, and (b) that the capital stock or other
ownership interest in all future subsidiaries of any of Debtors shall be pledged
and a security interest therein shall be granted, to AmSouth as security for all
indebtedness, whether now existing or hereafter arising, of any, some or all of
Debtors, to AmSouth, immediately upon formation or acquisition of any such
subsidiary. Debtors shall give ten (10) days advance written notice to AmSouth
of the creation of any future subsidiary, provided that in an emergency
situation where advance notice cannot practicably be given, notice shall not be
required provided AmSouth is given an immediate pledge and security interest in
the ownership interest in the new entity and an immediate Guaranty and
Suretyship Agreement by the entity as set forth herein.

      12. The Loan and Security Agreement, the First Amendment to Loan Documents
and Agreement and any other Loan Documents affected hereby, are amended to the
extent necessary to conform such instruments and documents to the provisions set
forth herein.

      13. This Agreement shall not constitute a novation, discharge or
satisfaction of any of the Loan Documents or any part thereof, and the Loan
Documents shall remain in full force and effect subject only to AmSouth's
agreement to forbear as set forth herein. Debtors hereby ratify and reaffirm all
of the terms and conditions set forth in the Loan Documents on which they are
signatories. The Guarantors hereby consent to the terms and conditions of this
Agreement and reaffirm and agree that their obligations as co-makers and/or
guarantors with respect to the Existing Indebtedness continue and extend to the
Working Capital Note, as amended hereunder, and to all future renewals,
extensions, replacements, amendments and modifications thereof.

      14. Debtors shall execute such further and additional instruments and
documents, and take such further actions, as may be required by AmSouth or its
counsel from time to time to further evidence, perfect or carry out the terms
and provisions hereof. Debtor shall pay all costs and expenses of AmSouth
incurred in connection with the documentation, perfection or implementation of
the provisions hereof, including but not limited to attorney fees, filing fees,

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UCC search and examination fees and out of pocket expenses. All such known
expenses shall be paid immediately upon the execution hereof. Additional
expenses shall be paid upon presentation of statements therefore by AmSouth. The
representations, covenants, warranties and other provisions set forth in the
Loan Documents made by any, some or all of Debtors, as amended hereby, shall
continue in full force and effect and shall be fully enforceable in accordance
with all of their terms.

      15. Debtors hereby acknowledge and stipulate that none of them has any
claims or causes of action against AmSouth, or against the officers, directors,
employees, representatives, agents, attorneys, accountants, or consultants of
AmSouth of any kind whatsoever. Debtors hereby release AmSouth officers,
directors, employees, representatives, agents, attorneys, accountants, and
consultants of AmSouth from any and all claims, causes of action, demands and
liabilities of any kind whatsoever, whether direct or indirect, fixed or
contingent, liquidated or non-liquidated, disputed or undisputed, known or
unknown, which Debtors, or any of them, has or which arises out of any acts or
omissions occurring prior to the execution of this Agreement relating in any way
to any event, circumstances, action or failure to act from the beginning of time
to the execution of this Agreement.

      16. This Agreement contains the entire agreement of the parties with
respect to the subject matter hereof and may not be amended or modified except
by an agreement in writing executed between the parties hereto except as such
may be preempted by law or regulation of the United States of America governing
the charging or receiving of interest. This Agreement shall be governed and
interpreted under, and construed in accordance with, the internal substantive
laws (and not the laws of conflicts) of the State of Tennessee. The parties
hereto hereby grant exclusive jurisdiction to the federal District Court of the
Middle District of Tennessee or the Chancery and Circuit Courts of the State of
Tennessee, located in Davidson County to decide all claims, disputes, and other
matters in question arising out of or relating to this Agreement or any
documents related to or contemplated by this Agreement, the Loan Documents or
the Renewal Promissory Note, or the breach thereof. This agreement is severable
such that the invalidity or unenforceability of any provision hereof shall not
impair the validity or enforceability of the remaining provisions. Time is of
the essence of this Agreement, and all its provisions. This Agreement shall be
binding upon the parties hereto, their successors and assigns. This Agreement
may be executed in multiple counterparts, which when taken as a whole shall
constitute a complete instrument. Facsimile signatures shall be effective as
originals.

      IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the
dates indicated below, to be effective April 14, 2004.

Date: April 14, 2004                AMSOUTH BANK

                                    By:    /s/  Tim McCarthy
                                           -------------------
                                                Tim McCarthy,
                                                Vice President

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Date: April 14, 2004                TBA ENTERTAINMENT CORPORATION,
                                    a Delaware corporation

                                    By:     /s/ Thomas Jackson Weaver III
                                            --------------------------------

                                    Title: Chairman

Date: April 14, 2004                TBA ENTERTAINMENT GROUP NASHVILLE, INC.,
                                    a Tennessee corporation

                                    By:     /s/ Thomas Jackson Weaver III
                                            --------------------------------

                                    Title: Chairman

Date: April 14, 2004                TBA ENTERTAINMENT GROUP CHICAGO, INC.,
                                    a Delaware corporation

                                    By:     /s/ Thomas Jackson Weaver III
                                            --------------------------------

                                    Title: Chairman

Date: April 14, 2004                TBA ENTERTAINMENT GROUP PHOENIX, INC.,
                                    an Arizona corporation

                                    By:     /s/ Thomas Jackson Weaver III
                                            --------------------------------

                                    Title: Chairman

Date: April 14, 2004                TBA ENTERTAINMENT HOLDING CORPORATION,
                                    a Delaware corporation

                                    By:     /s/ Thomas Jackson Weaver III
                                            --------------------------------

                                    Title: Chairman

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Date: April 14, 2004                TITLEY SPALDING & ASSOCIATES, LLC,
                                    a Tennessee limited liability company

                                    By:     /s/ Thomas Jackson Weaver III
                                            --------------------------------

                                    Title: Authorized Manager

Date: April 14, 2004                TKS MARKETING, INC.,
                                    a Tennessee corporation

                                    By:     /s/ Thomas Jackson Weaver III
                                            --------------------------------

                                    Title: Chairman

Date: April 14, 2004                MIKE ATKINS MANAGEMENT, INC.,
                                    a Tennessee corporation

                                    By:     /s/ Thomas Jackson Weaver III
                                            --------------------------------

                                    Title: Chairman

Date: April 14, 2004                ROMEO ENTERTAINMENT GROUP, INC.,
                                    a Nebraska corporation

                                    By:     /s/ Thomas Jackson Weaver III
                                            --------------------------------

                                    Title: Chairman

Date: April 14, 2004                EJD CONCERT SERVICES, INC.,
                                    an Oregon corporation

                                    By:     /s/ Thomas Jackson Weaver III
                                            --------------------------------

                                    Title: Chairman

                                       12
<PAGE>
Date: April 14, 2004                MOORE ENTERTAINMENT, INC.,
                                    a Tennessee corporation

                                    By:     /s/ Thomas Jackson Weaver III
                                            --------------------------------

                                    Title: Chairman

Date: April 14, 2004                TBA MERCHANDISING, INC.,
                                    an Indiana corporation

                                    By:     /s/ Thomas Jackson Weaver III
                                            --------------------------------

                                    Title: Chairman

Date: April 14, 2004                ALLIANCE ARTISTS, LTD.,
                                    a Georgia corporation

                                    By:     /s/ Thomas Jackson Weaver III
                                            --------------------------------

                                    Title: Chairman

                                       13
<PAGE>
                                    EXHIBIT A

                             (LIST OF SELLER NOTES)

Dallas Acquisition Notes

      Bob Cox

      Gary Larr

Chicago Acquisition Notes:

      Rich Perry

      Dick Smith

      Pam Furmanek

Atkins Acquisition Note

Titley- 99 Acquisition Note   (Required payments in April 2004 totaling
                              $105,000.00)

Titley-00 Acquisition Note

Titley- 01 Acquisition Note

Titley-03 Acquisition Note

TKS-99 Acquisition Note

TKS-00 Acquisition Note

TKS-01 Acquisition Note

Romeo Acquisition Note #1     *These need to be paid.

Romeo Acquisition Note #2

                                       14
<PAGE>
                                    EXHIBIT B

                              CASH FLOW PROJECTIONS

                                       15
<PAGE>
                                    EXHIBIT C

        COPY OF LETTER FROM MR. WEAVER TO MR. SMITH DATED MARCH 30, 2004

                                       16exv10w23

 

Exhibit 10.23

EMPLOYMENT AGREEMENT

          THIS EMPLOYMENT AGREEMENT (this “Agreement") is made as
of the 1st day of January, 2004 (the “Effective Date") by
and between Acceris Communications Inc., a Florida corporation (the
“Company”), and James Ducay
(“Executive”).

          The Executive is skilled in business and financial matters and possesses
knowledge of the business, products and operations of the Company. The parties
hereto believe that it is in their respective interests to enter into an
employment agreement whereby, for the consideration specified herein, Executive
shall provide the services specified herein. Certain definitions are set forth
in Section 7 of this Agreement.

          The parties hereto agree as follows:

          Section 1. Employment.

          (a) Employment Period. The Company agrees to employ
Executive and Executive accepts such employment for the period (the
“Employment Period”) beginning as of the Effective Date and
ending upon (a) the first anniversary of the Effective Date or (b) such earlier
date upon which the employment of the Executive shall terminate in accordance
with Section 2 herein (the date of termination being
hereinafter called the “Termination Date”). The Employment
Period may be extended by written agreement of the parties hereto. Any
employment of Executive by the Company following the expiration of the
Employment Period shall be “at will” and may be terminated by the Company at
any time without any liability other than the payment of any base salary and
earned bonus through the effective date of termination.

          (b) Position and Duties.

               (i) During the Employment Period, Executive shall serve as the Executive
Vice President and Chief Operating Officer of the Company and the Executive
shall report to the President and/or Chief Executive Officer of the Company.
Executive shall perform all duties and shall have all powers which are commonly
incident to his office as well as all powers that are delegated to Executive by
the President and/or chief Executive Officer.

               (ii) Executive shall devote his best efforts and his full business time
and attention to the business and affairs of the Company, except for permitted
vacation periods in accordance with the Company’s policy, periods of illness or
other incapacity, and reasonable time spent with respect to civic and
charitable activities, provided that none of such activities shall materially
interfere with Executive’s duties to the Company or its Subsidiaries.

          (c) Salary. Bonus and Benefits.

               (i) During the Employment Period, the Company will pay Executive a base
salary at the rate of $275,000 per annum (the “Annual Base
Salary”). The Annual Base Salary shall be paid in such installments
as is the policy of the Company with respect to
executive officers of the Company.

1

 

               (ii) Commencing with the Effective Date, Executive shall be eligible for a
discretionary annual bonus of up to one hundred percent (100%) of Executive’s
Annual Base Salary (the “Bonus”). The amount of any Bonus to be awarded shall
be determined pursuant to the Acceris Management System, based on performance
criteria established at the beginning of each fiscal year, and the timing of
such award and the payment of any such Bonus shall be consistent with the
practice of the Company.

               (iii) Executive shall be entitled to participate in all employee stock
option, pension and welfare benefit plans, programs and practices maintained by
the Company for its employees generally in accordance with the terms of such
plans, programs and practices as in effect from time to time, and in any other
insurance, pension, retirement or welfare benefit plans, programs and practices
which the Company generally provides to its executives from time to time.

          (d) Expenses. The Company shall pay, or reimburse the
Executive (at the Company’s option), in accordance with policies established by
the Company, for all reasonable and necessary expenses and other disbursements
incurred by the Executive for or on behalf of the Company in the performance of
his duties hereunder, including, without limitation, travel on behalf of or in
connection with his services for the Company in a manner customary for the
Company’s senior executives, including food and lodging expenses while the
Executive is away from home performing services for the Company.

          (e) Workplace and Work Schedule. Executive’s workplace
shall be the Company’s office in Pittsburgh, Pennsylvania. Executive shall be
entitled to such holidays as are established by the policies of the Company.
Executive shall be entitled to four (4) weeks of vacation per year, which may
be taken in various periods, subject to the Company’s needs.

          Section 2. Termination Of Employment.

          (a) Death or Disability. The Company may terminate the
Executive’s employment hereunder due to the Executive’s death or Disability. If
the Executive dies during the Employment Period, the Termination Date shall be
deemed to be the date of the Executive’s death.

          (b) Cause. The Company may terminate the employment of
Executive hereunder at any time for Cause (such termination being referred to
herein as a “Termination for Cause”) by giving the Executive
written notice of such termination, with such termination to take effect as of
the date of such notice.

          (c) Without Cause. The Company may terminate the
employment of the Executive at any time during the Employment Period without
Cause by giving the Executive written notice of such termination, with such
termination to take effect as of the date of such notice.

          (d) Good Reason, Executive may terminate his employment
hereunder for Good Reason by providing written notice to the Company within 45
days of his knowledge of the event constituting Good Reason. Notwithstanding
the foregoing provisions to the contrary, in no event shall the Executive
terminate his employment hereunder for Good Reason without providing the
Company with at least fifteen (15) days’ prior written Notice of Termination
given by the Executive to the Company and an opportunity for the Company
to cure within that fifteen (15) day period the Good Reason which the Executive
believes provides him with grounds to terminate his employment.

2

 

          (e) Notice of Termination. Any
termination pursuant to this Section 2 shall be communicated
to Executive or the President and/or Chief Executive Officer, as applicable, by
Notice of Termination.

          Section 3.
Effect Of Termination Of Employment.

          (a) Death or Disability. Upon the termination of
Executive’s employment hereunder due to death or Disability pursuant to
Section 2(a), neither Executive nor his beneficiary or
estate shall have any further rights or claims against the Company under this
Agreement, except the right to receive (i) the unpaid portion, if any, of the
Annual Base Salary provided for in Section 1, computed on a
pro rata basis to the Termination Date (based on the actual number of days
elapsed over a year of 365 or 366 days, as applicable), (ii) the unpaid
portion, if any, of the Bonus and (iii) reimbursement for any expenses for
which Executive shall not have been reimbursed as provided for in
Section 1 (such amounts being collectively referred to as
“Accrued Compensation”).

          (b) Cause. Upon a termination of Executive’s employment
hereunder by the Company for Cause pursuant to Section 2(b),
neither Executive nor his beneficiary or estate shall have any further rights
or claims against the Company under this Agreement, except the right to receive
(i) the unpaid portion, if any, of the Annual Base Salary provided for in
Section 1, computed on a pro rata basis to the Termination
Date (based on the actual number of days elapsed over a year of 365 or 366
days, as applicable) and (ii) reimbursement for any expenses for which the
Executive shall not have been reimbursed as provided for in Section
1.

          (c) Without Cause. Upon a termination of Executive’s
employment hereunder by the Company without Cause pursuant to Section
2(c), neither Executive nor his beneficiary or estate shall have any
further rights or claims against the Company under this Agreement, except the
right to receive:

               (i) any Accrued Compensation;

               (ii) off payroll, an amount equal to the amount of the Annual Base Salary,
payable in accordance with Section 1
(c)(i), Executive would have received for the period
commencing on the Termination Date and ending on the first anniversary of the
Termination Date; and

               (iii) provided that Executive has met, as of the Termination Date, the
performance criteria established with respect to the Bonus for the fiscal year
in which the Termination Date occurs, the pro rata portion of the Bonus for
such fiscal year (based on the actual number of days elapsed from the beginning
of the fiscal year to the Termination Date), the timing of the payment of any
such Bonus to be consistent with the past practice of the Company.

          (d) Upon a termination of the Executive’s employment hereunder by the
Executive for Good Reason pursuant to Section 2(d),
neither the Executive nor his beneficiary or estate shall have any further
rights or claims against the Company under this Agreement, except the right to
receive:

               (i) any Accrued Compensation; and

3

 

               (ii) off payroll, an amount equal to the amount of the Annual Base Salary,
payable in accordance with Section 1(c)(i), Executive would
have received for the period commencing on the Termination Date and ending on
the earlier of (x) the first anniversary of the Termination Date and (y) the
first anniversary of the Effective Date.

          (e) Release. Executive acknowledges and agrees that the
payments provided for in Sections 3(c)(ii) and 3(d)(ii)
constitute liquidated damages for any claim of breach of contract under this
Agreement as it relates to termination of his employment during the Employment
Period without Cause pursuant to Section 2(c) or with Good
Reason pursuant to Section 2(d). Notwithstanding the
foregoing, if Executive is entitled to the payments set forth in
Section 3(c)(ii) or Section 3(d)(ii) of
this Agreement, Executive shall execute and agree to be bound by an agreement,
in form and substance satisfactory to the Company (the “Release”), relating to
the waiver and general release of any and all claims arising out of or relating
to Executive’s employment and termination of employment, and the Company shall
have no obligation to make the payments contemplated under Section
3(c)(ii) or Section 3(d)(ii), as the case may be
if Executive fails to execute such Release or seeks to revoke such Release. In
addition, if Executive should violate or threaten to violate the terms of
Section 4 of this Agreement, the continuing obligations of
the Company to make the payments contemplated under Section
3(c)(ii) or Section 3(d)(ii), as the case may be,
shall immediately terminate.

          (f) Mitigation. Notwithstanding the foregoing and
subject to the limitations on competition hereunder, the amount of any payment
by the Company provided for in Section 3(c)(ii) or
Section 3(d)(ii), as the case may be, shall be reduced by
the amount of any compensation earned by the Executive from a competitor of the
Company or any Subsidiary during the period such payment is to be made by the
Company.

          Section 4. Confidentiality.

          (a) Executive agrees that at all times, both during and after Executive’s
employment by the Company, Executive will hold in a fiduciary capacity for the
benefit of the Company and not use or disclose to any third party any trade
secret, or other information, knowledge or data not generally known to the
public which Executive may have learned, discovered, developed, conceived,
originated, prepared or received during or as a result of Executive’s
employment by the Company or any Subsidiary or Affiliate with respect to the
operations, businesses, affairs, products, services, technology, intellectual
properties, Agents, customers, clients, pricing of products or services,
policies, procedures, accounts, personnel, concepts, format, style, techniques
or software of the Company or any Subsidiary or Affiliate of the Company
(“Proprietary Information”). Executive agrees that Company’s
Proprietary Information includes, without limitation, the business or other
needs, requirements, preferences or other information relating to Agents and
customers of the Company or any Subsidiary or Affiliate of the Company,
acquisition targets of the Company or any Subsidiary or Affiliate of the
Company and all information or data collected by the Company with reference
thereto. Executive agrees to comply with any and all procedures which the
Company may adopt from time to time to preserve
the confidentiality of any trade secret or other non-public proprietary,
information, knowledge or data; that the absence of any legend indicating the
confidentiality of any materials will not give rise to an inference that the
contents thereof or information derived there from are not confidential; that
immediately following the termination of Executive’s employment by the Company,
Executive will return to Company all materials, except for Executive’s personal
items, provided to Executive by the Company during the term
hereof, all works
created by Executive or others during the term

4

 

of Executive’s employment
hereunder and all copies thereof; and that the Company may, in its sole
discretion, upon or after termination of Executive’s employment by the Company,
notify Executive’s new employer, clients or other parties that Executive has
had access to certain trade secrets, information, knowledge or data which
Executive is under a continuing obligation not to use or disclose.
Notwithstanding the foregoing, the limitations imposed on Executive pursuant to
this Section 4(a) shall not apply to Executive’s (i)
compliance with legal process or subpoena or (ii) statements in response to
inquiry from a court or regulatory body; provided, that Executive gives the
Company reasonable prior written notice of such process, subpoena or request.

          (b) In order to protect the Proprietary Information, Executive agrees that
for a period of eighteen (18) months following the expiration or termination of
Executive’s employment hereunder, Executive will not, directly or indirectly,
for Executive’s own account or as a partner, joint venturer, employee, agent,
or consultant: (a) employ as an employee, engage as an independent contractor
or agent or otherwise retain or solicit or seek to so employ, engage, retain or
solicit any person who, during any portion of the two (2) years prior to the
date of expiration or termination of Executive’s employment was, directly or
indirectly, employed as an employee, engaged as an independent contractor or
Agent or otherwise retained by the Company or any Subsidiary or Affiliate of
the Company; or (b) induce any person or entity (except for individuals
considered to be clerical or secretarial staff) to leave his or her employment
with the Company, terminate an independent contractor or Agent relationship
with the Company or terminate or reduce any contractual relationship with
Company or any Subsidiary or Affiliate of the Company or (c) directly or
indirectly induce or influence any Agent, customer, supplier, or other person
that has a business relationship with the Company or any Subsidiary or
Affiliate of the Company to discontinue or reduce the extent of such
relationship. Notwithstanding the foregoing, the parties agree that Executive
shall not be deemed to have violated the provisions of this Section
4(b) in the event that any Person of which Executive is a partner,
joint venturer, employee, agent or consultant takes any action that would
otherwise violate the terms of this Section 4(b), so long as
such action is taken without the knowledge of Executive and not with respect to
any Person identified by Executive to the Person taking such action.

          (c) All processes, improvements, formulations, ideas, inventions, designs
and discoveries, whether patentable or not (collectively
“Discoveries”) and all patents, copyrights, trademarks, and
other intangible rights (collectively “Intellectual Property
Rights”) that may be conceived or developed by Executive either alone
or with others, during the term of employment, whether or not conceived or
developed during working hours, and with respect to which any equipment,
supplies, facilities, or trade secret information of the Company or any
Subsidiary or Affiliate of the Company was used, or that related to the
business of the Company or any Subsidiary or Affiliate of the Company or to the
Company’s or any Subsidiary’s or Affiliate’s actual or demonstrably anticipated
research and development, or that result from any work performed by Executive
for the Company, shall be the sole property of the Company. As provided in
Section 2870 of the California Labor Code, the requirement to assign inventions
hereunder shall not apply to an invention that Executive develops entirely on
his own time without using the Company’s or any Subsidiary’s or Affiliate’s
equipment, supplies, facilities, or trade secret information, except for those
inventions that either (a) relate, at the time of conception or
reduction to practice of the invention to the Company’s or any
Subsidiary’s or Affiliate’s business, or actual or demonstrably anticipated
research or development of the Company or any Subsidiary or Affiliate of the
Company; or (b) result from any work performed by Executive for the Company or
any Subsidiary or Affiliate of the Company. Executive shall take all action and
execute and deliver all agreements, assignments and other documents, including,
without limitation, all patent applications and assignments, requested by the
Company or any Subsidiary or Affiliate of the

5

 

Company to establish the rights
of the Company or any Subsidiary or Affiliate of the Company under this
Section 4(c) and to vest in the Company or any Subsidiary or
Affiliate of the Company title to all Discoveries and Intellectual Property
Rights which are the property of the Company or any Subsidiary or Affiliate of
the Company under this Section 4(c). Executive shall
disclose to the Company all Discoveries and Intellectual Property Rights
conceived during the term of employment which Executive believes meet the
criteria set forth in California Labor Code Section 2870, whether or not the
property of the Company or any Subsidiary or Affiliate of the Company under the
terms of the preceding sentence, provided that such disclosure shall be
received by the Company in confidence to the extent it pertains to Discoveries
and Intellectual Property Rights which are not the property of the Company
under this Section 4(c).

          (d) Because the breach or attempted or threatened breach of this
Section 4 may result in immediate and irreparable injury to
the Company for which the Company may not have an adequate remedy at law, the
Company shall be entitled, in addition to all other remedies, to a decree of
specific performance thereof and to a temporary and permanent injunction
enjoining such breach, without posting bond or furnishing similar security. The
parties’ obligations under this Section 4 shall survive any
termination of Executive’s employment or this Agreement.

          Section 5. Acknowledgments By Executive.

          Executive understands that the restrictions contained in Section
4 herein may limit the ability of Executive to earn a livelihood in a
competing business, but Executive nevertheless believes that Executive has
received and will receive sufficient consideration and other benefits as an
employee of the Company and as otherwise provided hereunder to clearly justify
such restrictions which, in any event (given the education, skills and ability
of Executive), Executive does not believe would prevent him from earning a
livelihood

          Section 6. Tax Withholding.

          The Company may withhold from any compensation or severance payable under
this Agreement all federal, state, city or other taxes as shall be required
pursuant to any law or governmental regulation or ruling.

          Section 7. Definitions.

          “Affiliate” of any particular Person means (i) any
other Person controlling, controlled by, or under common control with such
particular Person, where “control” means the possession, directly or
indirectly, of the power to direct the management and policies of a Person
whether through the ownership of voting securities, by contract, or otherwise,
and (ii) if such Person is a partnership, any partner thereof.

          “Agent” means any Person which has received or is
entitled to receive a commission from the Company related to the sale or
marketing of the Company’s products or services.

          “Board” means the Board of Directors of the Company.

6

 

          “Cause” means (i) Executive’s conviction of, or plea of
guilty or nolo contendere to, a crime constituting a felony, (ii) gross
misconduct by the Executive that is materially inconsistent with the terms
hereof, (iii) material failure by the Executive to perform his duties, which
nonperformance continues after written notice thereof and a fifteen (15) day
chance to cure, (iv) the Executive’s material breach of this Agreement, (v)
habitual drug or alcohol use which impairs the ability of Executive to perform
his duties hereunder, or (vi) Executive’s engaging in fraud, embezzlement or
any other illegal conduct with respect to the Company which acts are harmful
to, either financially, or to the business reputation of, the Company or (vii)
breach of the fiduciary duty owed by Executive to the Company or of any of its
Subsidiaries or Affiliates.

          “Disability” means a physical or mental infirmity which
impairs Executive’s ability to perform substantially his duties for a total
period exceeding six (6) months during the Employment Period or for a period of
four (4) consecutive months. Disability shall be determined by a physician
acceptable to both the Company and Executive, or, if the Company and Executive
cannot agree upon a physician within 15 days after the Company claims that
Executive is suffering from a Disability, by a physician selected by two
physicians, one designated by each of the Company and Executive. Executive’s
failure to submit to any physical examination by any such physician after such
physician has given reasonable notice of time and place of such examination
shall be conclusive evidence of Executive’s inability to perform his duties
hereunder.

          “Good Reason” means, during the Employment Period and
without Executive’s consent:

          (i) a material diminution of Executive’s title, reporting structure,
position or responsibilities or

          (ii) a reduction in, or failure to pay, Executive’s Annual Base Salary or
any reduction in the benefits being required to be provided herein or any other
material breach of this Agreement.

          “Notice of Termination” means a written notice which
indicates the Termination Date, the specific termination provision in this
Agreement relied upon, and the facts and circumstances, if any, claimed to
provide a basis for such termination.

          “Person” means an individual, a partnership, a limited
liability company, a corporation, an association, a joint stock company, a
trust, a joint venture, an unincorporated organization and a governmental
entity or any department, agency or political subdivision thereof

          “Subsidiary” means any corporation or other entity of
which the securities having a majority of the ordinary voting power in electing
the board of directors are, at the time as of which any determination is being
made, owned by the Company either directly or
through one or more Subsidiaries.

          Section 8. Notices.

          Any notice provided for in this Agreement must be in writing and must be
either personally delivered, mailed by first class mail (postage prepaid and.
return receipt requested) or sent by reputable overnight courier service’
(charges prepaid) to the recipient at the address below indicated:

7

 

	 	 	 	If to Company:

	 	 	 
	 	 	
Acceris Communications Inc.
	 	 	
9775 Business Park Avenue
	 	 	
San Diego, California 92131
	 	 	
Attention: Chief Executive Officer

	 	 	 	If to Executive:

	 	 	 
	 	 	
951 Oak Knoll
	 	 	
Lake Forest, Illinois 60045

or such other address or to the attention of such other person as the recipient
party shall have specified by prior written notice to the sending party. Any
notice under this Agreement will be deemed to have been given when so delivered
or sent or, if mailed, five days after deposit in the U.S. mail.

          Section 9. General Provisions.

          (a) Severability. Whenever possible, each provision of
this Agreement will be interpreted in such manner as to be effective and valid
under applicable law, but if any provision of this Agreement is held to be
invalid, illegal or unenforceable in any respect under any applicable law or
rule in any jurisdiction, such invalidity, illegality or unenforceability will
not affect any other provision or any other jurisdiction, but this Agreement
will be reformed, construed and enforced in such jurisdiction as if such
invalid, illegal or unenforceable provision had never been contained herein.

          (b) Complete Agreement. This Agreement, those documents
expressly referred to herein and other documents of even date herewith embody
the complete agreement and understanding among the parties and supersede and
preempt any prior understandings, agreements or representations by or among the
parties, written or oral, which may have related to the subject matter hereof
in any way.

          (c) Counterparts. This Agreement may be executed in
separate counterparts, each of which is deemed to be an original and all of
which taken together constitute one and the same agreement.

          (d) Successors and Assigns. Except as otherwise
provided herein, this Agreement shall bind and inure to the benefit of and be
enforceable by Executive, the
Company and their respective successors and assigns;
provided that the rights and obligations of Executive under
this Agreement shall not be assignable.

          (e) Choice of Law. This Agreement will be governed by
and construed in accordance with the internal laws of the State of Delaware,
without giving effect to any choice of law or conflict of law provision or rule
(whether of the State of Delaware or any other jurisdiction) that would cause
the application of the laws of any jurisdiction other than the State of
Delaware.

8

 

          (f) Remedies. Except as provided in Section
4(d) hereof, if any contest or dispute arises between the parties
with respect to this Agreement, such contest or dispute shall be submitted to
binding arbitration for resolution in New York City in accordance with the
rules and procedures of the American Arbitration Association then in effect.
The decision of the arbitrator shall be final and binding on both parties, and
any court of competent jurisdiction may enter judgment upon the award. Each
party shall pay its own legal fees and expenses incurred in connection
therewith.

          (g) Amendment and Waiver. The provisions of this
Agreement may be amended and waived only with the prior written consent of the
Company and Executive.

          (h) Insurance. The Company, at its discretion, may
apply for and procure in its own name and for its own benefit life and/or
disability insurance on Executive in any amount or amounts considered
available. Executive agrees to cooperate in any medical or other examination,
supply any information, and to execute and deliver any applications or other
instruments in writing as may be reasonably necessary to obtain and constitute
such insurance. Executive hereby represents that he has no reason to believe
that his life is not insurable at rates now prevailing for healthy men of his
age.

IN WITNESS WHEREOF, the parties hereto have executed this Employment Agreement
on the date first written above.

ACCERIS COMMUNICATIONS INC.

	 	 	 
	By: 
	 	
 
	Name:	 	 
	Its:	 	 
	 	 	 
	

James Ducay	 	 

9

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