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Exhibit 10.10    
    

 
 

Resale Agreement    
    

[TELSTRA LOGO]  

	Agreement Details	 	 	 	 
	
Reseller Details	
 	

 	
 	

 
	 	
 Reseller Name	
 	
VISTULA LIMITED
	
 	
("Reseller")

	 	
 Registered Number	
 	
04523170

	 	
 Address for Notices	
 	
40 PORTMAN SQUARE, LONDON, W1

	 	
 Reseller Billing

Address	
 	
AS ABOVE

	 	
 Contact Person	
 	
ADAM BISHOP
	
 	

Fax	
 	
020 7487 4001

	
Telstra Details	
 	

 	
 	

 
	

 	
 	
TELSTRA EUROPE LIMITED
	
 	
("Telstra")

	 	
 Registered Number	
 	
3830643

	 	
 Address for Notices	
 	
MANAGING DIRECTOR, TELSTRA EUROPE LIMITED

7TH FLOOR, 3 FINSBURY SQUARE, LONDON EC2A 1AE

	 	
 Contact Person	
 	

	
 	

Tel	
 	
+44 (0)207 858 8800

	 	 	 	 	Fax	 	+44 (0)207 858 8801

	
Other Details	
 	

 
	 	
 Start Date	
 	
4TH SEPTEMBER 2003

    (Note: The Service Start Date(s) are specified in Service Order Forms). 

Acceptance by Telstra  

Executed
for Telstra Europe Limited by its authorised representative. By signing, the signatory confirms that he/she has authority to sign this Agreement on Telstra's behalf. 

	 	
 Signature	
 	

/s/ Dave Thorne
	
 	

Date	
 	

4/9/03

	 	
 Print Name	
 	

Dave Thorne
	
 	

Position	
 	

Regional Director

Acceptance by Reseller  

Executed
for the Reseller by its authorised representative. By signing, the signatory confirms that he/she has authority to sign this Agreement on this Reseller's behalf. 

	 	
 Signature	
 	

/s/ Adam Bishop
	
 	

Date	
 	

4/9/03

	 	
 Print Name	
 	

Adam Bishop
	
 	

Position	
 	

Director

  

 
 

Master Services Agreement (UK)    
    

 
  Agreement Terms    
    

        Capitalised terms are defined in the Agreement Details at the front of this Agreement, in a Service Order Form or in the Definitions in clause 12. 

1      This Agreement  

Structure of this Agreement  

	1.1
	This
Agreement is made up of:

	(a)
	Service
Order Forms including any attachments; and

	(b)
	these
Agreement Terms (including the Agreement Details and the Annexes hereto); 

Precedence  

	1.2
	If
there is an inconsistency between the parts of this Agreement, the document listed earlier in clause 1.1 prevails to the extent of the inconsistency. 

Variations  

	1.3
	This
Agreement may be varied in writing between the Reseller and Telstra (including by agreeing to add additional Service Order Forms to the Agreement after the Start Date). 

2      Services  

	2.1
	Telstra
agrees to supply the Reseller on the terms and conditions set out in this Resale Agreement together with any Special Conditions agreed in relation to a particular Service or
set out in a Service Order Form.

	2.2
	Telstra's
obligation to supply a Service shall commence when the relevant Service Order Form has been duly executed by both parties. Telstra shall endeavour to provide Service in a
timely manner and in accordance with any timescales indicated but shall not have any liability for any delay or failure to provide Service.

	2.3
	Telstra
shall use its reasonable endeavours to provide continuity of Service, but the Reseller acknowledges that Telstra cannot guarantee a fault-free Service.

	2.4
	Telstra
shall provide the Service with the standard of care expected of a competent telecommunications operator.

	2.5
	For
the avoidance of doubt, it is acknowledged that the Reseller is not Telstra's exclusive reseller of Services and that Telstra is at all times free to enter into contracts relating
to the provision of Services with such other third parties as it sees fit. 

3      Maintenance and Faults  

	3.1
	Telstra
shall maintain the Service in an appropriate manner. In the event that any routine maintenance is likely to cause any impairment or suspension of the Service, Telstra shall
give the Reseller reasonable notice of such maintenance.

	3.2
	Where
a fault or impairment occurs to the Service, Telstra shall use its reasonable endeavours to repair such fault or impairment as quickly as possible, once the fault or impairment
has been brought to Telstra's attention. 

1

 
	3.3
	Where
any fault or impairment is caused by the Reseller, Telstra may levy a reasonable charge for restoring the Service.

	3.4
	Telstra
may suspend Service: for maintenance purposes if the Reseller has breached any of the terms of this Agreement, including, without limitation, the obligation to pay any sums
due, if Telstra is ordered to do so by any competent authority; or because of safety considerations. 

4      Charges, Payments and Revenue Share  

	4.1
	The
tariff for the Service is set out in the relevant Service Order Form or Price List or Annexes to this Agreement.

	4.2
	Unless
otherwise stated, any rental or recurring charges (in particular, direct access circuits) are invoiced monthly in advance and call charges and any ad-hoc
maintenance or similar charges are invoiced monthly in arrears. Unless otherwise stated, payment terms are 30 days from the date of receipt of invoice. In respect of any late payments, Telstra
may levy interest on late payment at a rate equal to 4% above the base lending rate of Barclays Bank plc as published from time to time. Interest may be compounded on a daily basis.

	4.3
	Unless
otherwise agreed, charges shall be paid by direct debit into Telstra's bank account as notified to the Customer from time to time. Time shall be of the essence in respect of
such payments and payment will be deemed to have been made which cleared funds are available in Telstra's bank account.

	4.4
	In
the event of any dispute by the Reseller of the Charges, the Reseller must dispute the amount charged in writing within 21 days of receipt of the invoice. If the amount in
dispute is less than 5% of the total invoice the invoice shall be paid in full. If the amount disputed exceeds 5%, the Reseller shall pay Telstra the undisputed amount and the payment of the balance
to be settled in accordance with Clause 13.

	4.5
	Telstra
may require a deposit or other security for payment of bills. Telstra may impose a Credit Limit as set out in Annex 1. In the event that Telstra reasonably expects the
Reseller to exceed such Credit Limit within 7 days, Telstra may demand an immediate payment (whether or not invoices have been issued) of an amount such that there is at least the equivalent of
14 days before the Credit Limit will be exceeded. In the event that such payment is not made, Telstra may suspend service forthwith.

	4.6
	Charging
will begin on the date on which the Service becomes operational. Charges will be based on Telstra's records.

	4.7
	Sums
due hereunder shall be due whether or not the Reseller has received payment from its Customers and any dispute between the Reseller and a Customer shall be solely a matter for
the Reseller. Any fraud or other improper use of the Service by any Customer of third party shall not relieve the Reseller of its payment obligations hereunder.

	4.8
	In
relation to any Services hereunder, in addition to the Charges set out in the relevant price list, Telstra shall be entitled to make a charge in respect of payphone access levy
charged to Telstra by its suppliers.

	4.9
	VAT
or other applicable sales tax will be added to the invoice at the prevailing rate from time to time.

	4.10
	In
the event of any non-payment of any undisputed amount in the timescales set out in this Clause, Telstra may on 3 Business Day's notice suspend all or part of the
Service.

	4.11
	Where
a rebate is due to the Reseller in relation to non-geographic number services, as soon as practicable following the end of each billing period, Telstra will supply
the Reseller with a monthly 

2

 

statement
to enable the Reseller to issue an invoice. Such invoices will be paid by Telstra within 30 days of date of receipt by Telstra of such invoice. 

	4.12
	Telstra
may increase its rates to the Reseller on not less than 30 written days' notice. Telstra may decrease its rates at any time by written notice. 

5      Provision of Information  

	5.1
	The
Reseller and Telstra agree to promptly supply the other upon reasonable request with all information and assistance which may be reasonably be required to enable the other to
perform their respective obligations hereunder.

	5.2
	Telstra
shall provide the Reseller with daily rated CDRs for the use of the Services by the Reseller. The CDRs will be posted to a File Transfer Protocol site made available to the
Reseller using a secure access system. Telstra will endeavour to post the CDRs for the previous 24 hour period (being 00.00 to 23.59 hours) by 5pm on the following Business Day. 

6      Operational Matters  

	6.1
	Telstra
may from time to time, at the Reseller's request, reserve numbers (including in particular, non-geographic numbers) for the Reseller to supply to their Customers.
Telstra may, on two weeks' notice to the Reseller, reclaim any numbers so allocated that have not been used by the Reseller or its customers or which have been used, but have not been used for a
period of two months.

	6.2
	Telstra
may delete from its system details of any customers of the Reseller who have not used the Service for a period exceeding three months. 

7      Liability  

	7.1
	Each
party's liability to the other shall be limited to £500,000 for any event or series of connected events or £1,000,000 in any twelve (12) month
period. This limitation shall not apply to any obligation to pay for Services provided or to be provided hereunder.

	7.2
	Neither
party shall have any liability to the other in contract, tort, including negligence or breach of statutory duty) or otherwise for loss of revenue, profits, anticipated
savings, business or otherwise for consequential or indirect loss save that the Reseller shall indemnify and keep indemnified Telstra full indemnified against any such claims brought by a Reseller,
together with all associated costs and expenses.

	7.3
	All
conditions, warranties, terms, undertakings and obligations implied by statute, common law, trade usage or otherwise and all liabilities (if any) of Telstra arising therefore are
hereby wholly excluded.

	7.4
	Nothing
shall serve to limit Telstra's liability in respect of death or personal injury.

	7.5
	The
provisions of this Clause 7 shall continue to apply notwithstanding termination of this Agreement. 

8      Term and Termination  

	8.1
	This
Agreement shall continue from the date of execution until one month after the date on which no further Services are being supplied under this Agreement.

	8.2
	Either
party may terminate a Service on 30 day's notice (or such other period as set out in a Service Order Form), not to expire prior to the expiry of any minimum term set out
in the relevant Service Order Form. 

3

 
	8.3
	Where
Services are being supplied to directly connected Customers, the Reseller may only terminate the Agreement on payment to Telstra of a sum to reimburse all of Telstra's remaining
obligations to pay third parties for the provision of such direct connections.

	8.4
	On
termination, for whatever reason, the Reseller shall forthwith pay Telstra all sums due for Services supplied up to the date of termination.

	8.5
	Either
party may terminate the provision of a Service in the event of a material breach of the terms of this Agreement relating to the provision of such Service, such breach being
capable of remedy) by the other party, which breach remains unremedied 14 days after notice has been given of such breach.

	8.6
	Either
party may terminate the provision of a Service forthwith in the event of a material breach of the terms of this Agreement relating to the provision of such Service, where such
breach is incapable of remedy.

	8.7
	Any
termination of this Agreement will be without prejudice to the accrued rights of the parties up to the date of termination and to the continuation in force of all provisions of
this Agreement which expressly or implicitly survive such termination. 

9      Obligations of the Reseller relating to the Services  

	9.1
	The
Reseller:

	(a)
	must
ensure that all equipment connected to the Services by, or on behalf of the Reseller is technically compatible with the relevant Service(s) and that both its' Premises and
equipment comply with all relevant regulatory conditions (including any applicable legislation);

	(b)
	must
ensure that all equipment connected to the Services complies with and is used in accordance with all reasonable procedures (including security and safety procedures) and
possesses all approvals, necessary to allow it to be connected to the Services;

	(c)
	shall
obtain all necessary permissions and consents from third parties necessary for the provision of Services to its Customers;

	(d)
	must
not alter, tamper, reverse engineer, repair or attempt to repair the Services or cause, or allow, a third party including its Customers to do any of these acts;

	(e)
	is
solely responsible for selecting, supplying and maintaining its own facilities and equipment and the purpose(s) for which it acquires and uses the Services;

	(f)
	is
solely responsible for the content and security of any data or information which it sends or receives using the Services and warrants that it, and its employees, contractors and
agents will not use the Services for any purpose that may be unlawful, illegal or defamatory.

	9.2
	The
Reseller shall be permitted to allow third party use of the Services provided that:

	(a)
	The
Reseller shall be responsible and remain responsible for ensuring that any such third parties (including its Customers) complies with the Reseller's obligations under this
Agreement 9so far as applicable);

	(b)
	Telstra's
obligations under this Agreement shall be solely to the Reseller and the Reseller agrees to indemnify and keep indemnified and hold harmless Telstra against all liabilities,
claims and costs (including legal costs) arising from any and all claims by any such third party in connection with the Services, regardless of the cause of action.

	(c)
	The
Reseller shall be liable to Telstra for any acts and omissions of third parties relating to the use of the Services. 

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10    Sales and Marketing  

	10.1
	The
Reseller shall not at any time make and statement or representations to third parties with regard to Telstra or in any way hold itself out as acting on behalf of Telstra.

	10.2
	The
Reseller shall not use Telstra's name or any trademarks or service marks without the prior written consent of Telstra.

	10.3
	The
Reseller shall provide to Telstra the Reseller's current terms and conditions of business with its Customers in relation to the Services and in the event of any changes to such
terms and conditions shall provide Telstra a copy of such amended terms and conditions promptly of such amendment. Telstra may at any time require the Reseller to amend its terms and conditions to
ensure that they comply with this Agreement.

	10.4
	The
Reseller shall notify Telstra promptly of any Customer enquiries and issues relating to operational or technical matters.

	10.5
	The
Reseller shall be responsible for all sales and marketing activities relating to its customer base and the Reseller will provide Telstra with sales forecasts at monthly intervals
forecasting on a regular basis for the next six months:

	(a)
	The
number of expected Customers;

	(b)
	The
estimated average minutes per Customer internationally, nationally and to UK mobiles;

	(c)
	any
other information reasonably requested from time to time

	10.6
	The
Reseller acknowledges and agrees that Telstra will use the sales forecasts supplied in accordance with Clause 10.5 above to forecast the amount of switch and network
capacity required to provide the Services. Telstra shall not be responsible for any failure to supply Services to the Reseller due to a lack of switch and network capacity because of a failure by the
Reseller to provide accurate sales forecasts. 

11    Suspension or Cancellation of Services  

	11.1
	Telstra
may without notice suspend, limit or cancel the provision of Services to the Reseller at any time:

	(a)
	in
the event of an emergency or whenever Telstra considers it necessary or reasonable in order to provide resources to emergency and other essential services;

	(b)
	if
the supply of a Service is or is to become unlawful;

	(c)
	if
in the opinion of Telstra the provision of a Service or continued provision of a Service is liable to cause death or personal injury or damage to property;

	(d)
	if
Regulatory Restrictions apply to the supply and/ or the use of a Service;

	(e)
	the
Reseller's use of a Service interferes with the efficiency of Telstra's, or a Service Provider's, network and Reseller fails to rectify the situation; or

	11.2
	Telstra
may suspend, limit or cancel the provision of a Service at any time by notice to the Reseller:

	(a)
	if
the Reseller defaults in the due payment of any charges for a Service as set out in Clause 4.10;

	(b)
	if
a Service Provider ceases to supply, or gives Telstra notice of its intention to cease to supply, services necessary for Telstra to supply a Service to the Reseller; 

5

 

	(c)
	if
a third party holding an encumbrance takes possession of the whole or a substantial part of the undertaking or property of the Reseller or the Reseller becomes unable to pay its
debts when they are due or enters into, or resolves to enter into any arrangement, composition or compromise with, or assignment for the benefit of, its creditors generally.

	11.3
	Where
provision of a Service has been suspended under clause 11.2(a), re-supply may be subject to the payment by the Reseller of a re-supply charge
which will be advised to the Reseller by Telstra prior to the Service being re-supplied.

	11.4
	If
Telstra cancels a Service, it may enter remove any Facility belonging to Telstra connected with that Service. If Telstra is unable to gain access to the Premises it may recover
the value of the Facility from the Reseller as a debt due to Telstra. 

12    Confidentiality  

Confidential Information  

	12.1
	The
Reseller and Telstra must treat as confidential information:

	(a)
	the
provisions of this Agreement; and

	(b)
	all
information provided by the other party under this Agreement, including without limitation in the case of the Reseller, Telstra's invoices. 

Disclosure  

	12.2
	A
party must not disclose the other party's confidential information to any person except:

	(a)
	to
employees (which for Telstra includes its' sub-contractors) on a 'need-to-know' basis provided those persons first agree to observe the
confidentiality of the information;

	(b)
	to
legal and financial advisers;

	(c)
	with
the other party's prior written consent;

	(d)
	if
required by law or the rules of any relevant any stock exchange; or

	(e)
	if
it is in the public domain.

	12.3
	Nothing
in the Agreement shall prevent Telstra disclosing any of the Reseller's confidential information to a Service Provider's employees, sub-contractors, advisers and
other consultants on a 'need to know' basis provided those persons are aware of the confidential nature of the information. 

13    Dispute Resolution  

	13.1
	The
parties agree to use best endeavours to resolve in good faith:

	(a)
	a
dispute about an invoice or the performance of a Service; or

	(b)
	any
claim arising under a domestic or international law, connected to this Agreement. Each party must follow the procedures in this clause 13 before starting arbitration or
court proceedings (except for urgent injunctive or declaratory relief).

	13.2
	If
a dispute or claim arises between the parties that cannot be resolved promptly between the Telstra contact person and the Reseller's contact person, either party may notify the
other party of a formal dispute. in which case each party shall nominate e a senior executive to meet within 7 days of such nomination (or another agreed period) to resolve the dispute. 

6

 

14    General  

Entire Agreement  

	14.1
	This
Agreement constitutes the entire Agreement about the Services between the Reseller and Telstra. 

Governing law  

	14.2
	This
Agreement is governed by the law England. The Reseller and Telstra submit to the non exclusive jurisdiction of the courts of England. 

Interpretation  

	14.3
	In
this Agreement:

	(a)
	a
reference to this Agreement includes all its parts described in clause 1.1, and includes any amendment to or replacement of them;

	(b)
	a
reference to a statute, code or other law includes regulations and other instruments under it and consolidations, amendments, re-enactments or replacements of any of
them;

	(c)
	the
singular includes the plural, and vice versa;

	(d)
	"includes",
"including", "for example", "such as" and similar terms are not used, and are not to be interpreted as, words of limitation;

	(e)
	unless
otherwise indicated, a reference to a day is to a calendar day. 

Notices  

	14.4
	All
notices, approvals consents and other communications must be in writing and sent to the addresses or fax numbers for notices specified in the Agreement Details. Notices must not
be sent by email unless otherwise provided in this Agreement.

	14.5
	Notices
sent

	(a)
	by
hand are deemed to be received when delivered;

	(b)
	by
post to an address in the UK are deemed to be received by the third Business Day after posting;

	(c)
	by
post to an address outside the UK are deemed to be received by the seventh Business Day after posting;

	(d)
	by
fax are deemed to be received when the sender's fax machine issues a successful transmission report. 

Severability  

	14.6
	If
any clause or part of any clause is held by the court to be invalid or unenforceable, that clause or part of a clause is to be regarded as having been deleted from this Agreement
and this Agreement otherwise remains in full force and effect. 

Waiver of rights  

	14.7
	A
condition of this Agreement, or a right created by it, may only be waived by a party by giving notice. 

7

 
	14.8
	A
waiver of a breach of this Agreement does not waive any other breach. 

Warranties  

	14.9
	The
Reseller and Telstra each warrant to the other that entering into and performing its obligations under this Agreement does not breach any of its contractual obligations to any
other person.

	14.10
	The
Reseller warrants that it has not relied on any representations or warranties by Telstra other than those in this Agreement. 

Assignment  

	14.11
	Telstra
may assign its rights under this Agreement. 

Force majeure  

	14.12
	Neither
party is liable for not performing an obligation in whole or in part, or for not performing it on time (except an obligation to pay money), because of an event beyond that
party's reasonable control.

	14.13
	If
an event beyond a party's reasonable control occurs, that party must:

	(a)
	give
the other party notice of the event promptly and an estimate of the non-performance and delay;

	(b)
	take
all reasonable steps to overcome the effects of the event (but this does not require the settlement of industrial disputes or other claims on unreasonable terms); and

	(c)
	resume
compliance as soon as practicable after the event no longer affects either party. 

15    Definitions  

Business Day—means any day other than a Saturday, Sunday or recognised public holiday in England and Wales. 

Reseller—the individual, company or body named in the Agreement Details and includes successors and permitted assigns. 

Facility—includes any line, equipment, tower, mast, antenna, tunnel, hole, pit or pole used in connection with a Service. 

Initial Period—for a Service means the initial period set out in the relevant Service Details of a Service Schedule for that Service. 

Regulatory Restriction—means 

	(a)
	legal
or regulatory restrictions;

	(b)
	restrictions
due to domestic or foreign government policy;

	(c)
	other
restrictions imposed on telecommunication operators in relation to providing telecommunication services (including, without limitation, licensing requirements and restrictions
relating to reselling services), 

which
operate such that the Agreement or any action taken or required to be taken in accordance with the Agreement, including without limitation the provision of the Global Services to the Reseller,
contravenes or may contravene any provision of any applicable law in force in the 

8

 

jurisdiction
where the Global Services are being used or the Global Services are being supplied or used. 

Service Provider—means a service provider from whom Telstra acquires any Service for the purpose of reselling the Service to the Reseller. 

Service Order Form—the Schedules to this Agreement for the Services that the Reseller has agreed to acquire under this Agreement. 

Service Start Date—means the date set out in each relevant Service Schedule on which the Service Term for Services to which the Service
Order Form relates will commence. 

Service Term—means the Initial Period set out in the relevant Service Order Form and any renewal period, for that Service. 

[LOGO]  

 SERVICE ORDER FORM  

 Resale Agreement  

 Switched Voice  

1.     Reseller Details  

	

        Name:	
 	

VISTULA LIMITED	
 	

 	
 	

("Reseller")
	

        Master Services

        Agreement No.	
 	

 	
 	

 	
 	

Dated 4th September 2003
	

        Contact Person	
 	

ADAM BISHOP	
 	

Tel	
 	

020 7487 4800
	 	 	ABISHOP@VISTULA.COM	 	Fax	 	020 7487 4001

2.     Proposed Start Date  

        12th September 2003 

3.     Minimum Term  

        1 years from the date on which the Service commences ("the Service Commencement Date"). 

4.     Service  

        The ability for the reseller's to make calls to UK mobile phones. 

5.     Price  

        Call Charges 

	 
	Provider
 
	 	std
	 	econ
	 	w/e

	 	O2	 	16.00	 	12.00	 	3.50
	 	T-Mobile	 	16.00	 	12.00	 	2.75
	 	Orange	 	16.00	 	12.00	 	4.50
	 	Vodafone	 	16.00	 	12.00	 	1.85

9

 

        Circuit
Charges 

	 	Installation:	 	£2,100
	

 	

Monthly Rental:	
 	

£3,500

	6.
	Special
Terms and Conditions (which, in the event of any inconsistency, shall supersede the terms and conditions set out in the Resale Agreement)

	A.
	21
circuits shall be supplied by Telstra to connect Telstra's system to the Reseller's system in Telehouse East.

	B.
	In
the event of early termination of the Service supplied under this Service Order for whatever reason, the Reseller shall be obliged to pay a sum equal to the monthly rental
multiplied by the number of months until the next anniversary of the Service Commencement Date, provided that Telstra shall use its reasonable endeavours to reallocate such circuits and thereby reduce
this sum.

	C.
	Payment
terms for call charges are strictly seven days from date of invoice. In the event of any delay in the receipt of sums, for whatever reason, Telstra may forthwith suspend
service.

	D.
	Payments
for monthly rental for circuit charges are billable monthly in advance and payable on 30 days' notice. Installation charges are billable immediately on the Service
Commencement Date and payable within 30 days. In the event of any delay in the receipt of sums, for whatever reason, Telstra may forthwith suspend service.

	E.
	Provision
of the service is subject to receipt by Telstra of a satisfactory letter of credit from the Reseller's bankers in an amount of not less than £100,000. This amount
is calculated on the basis that it is anticipated that the amount of credit extended to the Reseller over any period of 14 days shall not exceed this amount, on the basis of anticipated
5,000,000 minutes of weekend traffic. In the event that, for whatever reason, Telstra reasonably believes that such amount will be exceeded, it may request a letter of credit for an increased amount,
or other reasonable security. In the event of failure to supply such satisfactory additional security, Telstra may suspend service forthwith.

	F.
	Notwithstanding
the provision of Clause 4.10 of the Reseller Agreement, Telstra may increase its call charges on not less than 7 days' notice.

	G.
	To
ensure service quality for Telstra's other customers, the Reseller confirms that at peak times (expected to be weekends) no more than 40% of the traffic conveyed shall be to any one
mobile operator. If the traffic sent exceeds this percentage, Telstra may suspend service. 

Acceptance By Telstra  

        Executed for Telstra Europe Limited by its authorized representative. By signing, the signatory confirms that he/she has authority to sign this Agreement on
Telstra's behalf. 

	

Signature	
 	

/s/  DAVE THORNE      
	
 	

Date	
 	

4/9/03
	Print Name	 	Dave Thorne	 	Position	 	Regional Director

10

 

Acceptance by Reseller  

        Executed for the Reseller by its authorized representative. By signing, the signatory confirms that he/she has authority to sign this Agreement on this Reseller's
behalf. 

	

Signature	
 	

/s/  ADAM BISHOP      
	
 	

Date	
 	

4/9/03
	Print Name	 	Adam Bishop	 	Position	 	Director

        WHEN
EXECUTED BY BOTH PARTIES THIS SERVICE ORDER FORM SHALL FORM PART OF THE RESELLER AGREEMENT REFERRED TO ABOVE. 

11

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Exhibit 10.10

Resale Agreement

Master Services Agreement (UK)

Agreement TermsQuickLinks
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Exhibit 10.11    
    

	SwissFone	 	Providing/Global Teleconnectivity

 
 

RECIPROCAL INTERNATIONAL TELECOMMUNICATIONS SERVICES CARRIER AGREEMENT    

        This
Reciprocal International Telecommunications Services Carrier Agreement (the "Agreement") is entered into this 20th day of January, 2004 (the "Effective Date"),
between: SwissFone Inc., a corporation organized under the laws of the state of Delaware, with offices located at 2001 L Street, NW, Suite 750,
Washington, D.C. 20036 ("SWISSFONE"); 

        and 

        Vistula
Whose registered office is at 10-12 High Street, Barnes, London, SW13 9LW, U.K. ("Vistula") and whose Registered Number is 4523170. 

        Hereinafter
individually referred to as the "Party" and jointly as "the Parties. 

        WHEREAS, SwissFone and Customer are providers of international telecommunications services; and 

        WHEREAS, Customer desires to purchase certain telecommunications services provided by SwissFone and SwissFone desires to purchase certain
telecommunications services provided by the Customer all as more fully described below on the terms and conditions set forth in this Agreement; 

        NOW THEREFORE, the Parties, in consideration of the mutual covenants and agreements hereinafter set forth, agree as follows: 

1      DESCRIPTION OF SERVICES  

        SwissFone, either directly or through its affiliates or underlying carriers, shall provide international telecommunications carrier services and facilities to
Customer to route Customer's telecommunication traffic to and from various destinations/originations worldwide as more explicitly described in Schedule 1, Part 1 attached hereto (the
"SwissFone Services") and in Schedule 2, Part 1 attached hereto (the "SwissFone Destinations/Originations"). Customer shall provide international telecommunications carrier services and
facilities to SwissFone to route SwissFone's telecommunication traffic to and from various destinations/originations worldwide as more explicitly described in Schedule 1, Part 2,
attached hereto (the "Customer Services") and in Schedule 2, Part 2 attached hereto (the "Customer Destinations/Originations") (SwissFone Services and Customer Services being jointly
referred to herein as the "Services"). The Services provided under this Agreement may be revised upon terms and conditions mutually agreeable to the Parties by amending Schedule 1 of the
Agreement. The Destinations/Originations provided by either Party may be revised from time to time in accordance with the commercial needs of such Party upon seven (7) days' written notice to
the other Party and shall be reflected in an amended Schedule 2 of the Agreement. 

2      TERM  

        The term of this Agreement shall be twelve (12) months, commencing on the Effective Date. Thereafter, this Agreement shall be automatically renewed for
successive monthly terms, and will remain in effect unless terminated by either Party giving thirty (30) days notice to the other Party, or as otherwise provided for in Section 4.6, 5.4
and Section 6. 

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3      MINIMUM VOLUME COMMITMENT  

        3.1.  Nothing
in this Agreement shall be construed as an obligation on the part of the Parties to send any minimum volume of international traffic to the other Party. 

4      OPERATIONAL AND COMMERCIAL MATTERS  

        4.1.  The
Parties intend that provision of Services under this Agreement shall commence as soon as practicable. Each Party agrees to promptly undertake provisioning and
testing of facilities necessary for its respective Services, and to use commercially reasonable efforts to provide Services immediately upon completion of testing. Each Party agrees to promptly notify
the other Party at such time as facilities testing is completed, and at such time as it is prepared to provision Services. The date upon which both Parties commence provision of Services shall be the
"Commencement Date" as used in this Agreement. 

        4.2.  The
point of interconnection with the Customer for the provision of SwissFone Services and the delivery of Customer Services by Customer shall be SwissFone's facilities
in 111-8th Avenue, 3rd Floor, New York, New York, (the "Interconnection Location"). The provision of the Services will be in compliance with SwissFone's network
interface procedures.. At the Customer request, SwissFone will coordinate such interconnection and, in such event, SwissFone shall be entitled to bill Customer for SwissFone's costs (including but not
limited to, facilities, equipment, transit costs and signaling). Such costs may include any charges for services of third parties incurred by SwissFone on Customer behalf in coordinating
interconnection. Other circuit charges include, but may not be limited to, a one-time installation charge per DS-1 and a recurring Switch Port Charge. Customer obligation to
accept and pay for non-usage sensitive charges as described herein shall be binding. Each Party shall be responsible for procurement, at its own expense, of the necessary facilities,
equipment and switching required to bring and accept traffic into the Interconnection Location. 

        4.3.  The
Parties shall coordinate the management of their respective system facilities, with each Party being responsible for providing and operating, at its own expense,
its respective network facilities. At the Parties own expense and responsibility, the Parties also shall interface on a 24 hours a day, 7 days a week basis to assist each other with the
isolation and repair of any facility faults in their respective networks, and with the identification, investigation and mitigation of real time traffic flow problems to/from any
Destinations/Originations. 

        4.4.  The
Parties shall exchange prompt and accurate traffic forecasting information in order to allow for the efficient provisioning of the Services. Such forecasts shall be
provided by each Party prior to the Commencement Date and thereafter as may be reasonably requested by the other Party. Such forecasts will be in a form satisfactory to the requesting Party and shall
specify the traffic volumes, daily and seasonal profiles and peak periods for each Destination. The Parties understand that the forecasts are non-binding. However, neither Party shall be
under any obligation to provide the Services if the actual volume or profile of traffic exceeds to a material extent or is materially different from that specified in the Forecast provided by the
other Party in respect of the relevant Forecasted period. 

        4.5.  Each
Party, may if needed, appoint the other as its agent for purposes of establishing related services, i.e. local loops, with domestic and international underlying
carriers as may be required in connection with this Agreement. 

        4.6.  Each
Party reserves the right to immediately cancel and/or temporarily suspend any or all of its respective Services if the other engages in activities which, in the
reasonable opinion of the providing Party, may cause disruption or damage to its network or facilities. Each Party shall use commercially reasonable efforts to provide the other with advance notice of
such suspension and/or cancellation and in any case shall endeavor to provide written confirmation of such suspension and or cancellation within a commercially reasonable time thereafter. 

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        4.7.  The
Parties will maintain a monthly minimum usage per activated DS-1 of 150,000 minutes. After a ramp-up period of two (2) months, if a
DS-1 circuit experiences a minimum shortfall over two consecutive months, the selling Party may provide the buying Party with written notice of such fact and of its intent to disconnect
the under-minimum circuit if the minimum is not attained by the month following the date the notice is received. 

5      PRICING AND BILLING  

        5.1.  In
consideration of the Services provided pursuant to this Agreement, each Party shall pay the other Party the rates by Destination set forth in Schedule 2,
Part 1 or Schedule 2, Part 2, as the case may be (the "Rates"), which Rates may be adjusted by the Party providing such services in the case of 1) an increase in Rates,
upon seven (7) days written notice to the other Party, and 2) a decrease in Rates, immediately upon notification. 

        5.2.  Each
Party shall provide a monthly invoice for the Services provided hereunder in accordance with the then current Rates as soon as practicable after the end of each
month. Such invoice will be based on the chargeable duration of the calls routed pursuant to this Agreement and rounded up to the nearest six (6) second increments, after the minimum thirty
(30) second call duration. Notwithstanding the foregoing, the chargeable duration of each call to Mexico shall be rounded upward to the nearest sixty (60) second increment with a minimum
duration of sixty (60) seconds. The invoice will include at a minimum, the following information: total number of calls, total duration of calls, the country and city (if applicable) of
termination; the price per minute per country of termination and a statement setting for the total charges for the service month. 

        5.3.  All
amounts due hereunder by either Party shall be payable to the other Party in U.S. Dollars in immediately available funds within thirty (30) days of the
postmark date of the invoice. If a Party in good faith disputes any invoiced amount, it shall submit to the other Party within thirty (30) days following postmark date of such invoice payment
of the undisputed portion of the invoice and written documentation identifying the minutes and/or rates which are of dispute and a reasonable explanation for the basis of dispute. The Parties shall
investigate the dispute and upon mutual agreement, a credit against future invoices may be issued by the invoicing Party. Any amounts due hereunder that are not paid when due shall accrue interest at
the rate of one and one-half percent (1.5%) per month or the maximum allowable by law, compounded daily, beginning with the day following the date on which the payment was due, and
continuing until paid in full. Further, either Party shall have the right to set off any undisputed amounts due hereunder which are not paid when due against any amounts owed to the other Party under
this agreement or any other agreement, addendum, representations and understandings between the Parties. 

        5.4.  The
Parties shall at all times comply with the other's initial and continuing credit approval procedures and policies. The purchasing Party may be required to provide a
security deposit, irrevocable letter of credit or any other form of security and/or be assigned a credit limit ("Security') for receiving such services by the Providing Party's Credit Department
either pursuant to the terms of this agreement or at any time during the term of this Agreement through separate correspondence if: a) the providing Party reasonably deems itself insecure with
respect to the purchasing party's ability to pay, b) the purchasing party has a Change of Control; or c) there is a material change in circumstances of the purchasing Party's actual or
anticipated usage (including, but not limited to, traffic volume) of Services hereunder. Such separate correspondence shall be incorporated herein and made a part of this Agreement by this reference.
If upon receipt of written request for Security, the purchasing Party fails to comply with such request within forty-eight (48) hours of receipt of said written request for Security, then the
Providing Party shall be authorized to immediately suspend the delivery of Service to the Purchasing Party and /or terminate this Agreement without further notice or demand. 

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        5.5.  All
rates and other charges due hereunder are exclusive of all applicable taxes, including value added tax, sales taxes, and duties or levies imposed by any authority,
government or government agency (except income tax or other corporate taxes attributable to either Party), all of which shall be paid promptly when due, and each Party agrees to indemnify and hold the
other harmless from any liability therefor. 

        5.6.  The
Parties understand that neither Party has the ability to prevent fraudulent use of Service by third parties. Further, each Party shall be responsible for paying all
usage of the Service hereunder, whether such usage was fraudulent or otherwise, i.e. claims of fraudulent usage, shall not constitute a valid basis for dispute of an Invoice. 

6      TERMINATION  

        6.1.  In
addition to any other rights at law or in equity, and not withstanding Article 2 above, the Parties may suspend the delivery of Services and/or terminate this
Agreement immediately in the event that either Party (i) fails to make any payment when due hereunder: (ii) becomes insolvent or bankrupt or ceases paying its debts generally as they
mature; (iii) commits a breach of any of the terms of this Agreement and fails to remedy such breach within thirty (30) days after receipt of written notice thereof from either Party;
(iv) has a material change in its financial condition which would represent a material financial risk to the providing party; or (v) receives a determination by any governmental entity
having jurisdiction over the Service provided under this Agreement that the relationship of the Parties and/or Services provided hereunder are contrary to then existing laws. 

        6.2.  In
the event of any termination pursuant to this Article 6, the Parties shall pay to each other any Rates for Services rendered through and including the date of
termination as well as any amounts due pursuant to any monthly or recurring fees the Parties incurred as a result of interconnection of the switch facilities. 

7      LIMITATION OF LIABILITY  

        7.1.    Limited Liability.    THE PARTIES AGREE THAT THEIR AFFILIATES, INCLUDING PARENTS AND SUBSIDIARIES, AND THE
PARTIES' AND THEIR AFFILIATES' EMPLOYEES, OFFICERS OR DIRECTORS, SHALL HAVE NO LIABILITY UNDER THIS AGREEMENT. IN NO EVENT WILL EITHER PARTY HERETO BE LIABLE TO THE OTHER PARTY FOR ANY
INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL LOSSES OR DAMAGES, INCLUDING WITHOUT LIMITATION, LOSS OF REVENUE, LOSS OF CUSTOMERS OR CLIENTS, LOSS OF GOODWILL OR LOSS OF PROFITS ARISING IN ANY MANNER
FROM THIS AGREEMENT AND THE PERFORMANCE OR NONPERFORMANCE OF OBLIGATIONS HEREUNDER (INCLUDING ANY SERVICE IMPLEMENTATION DELAYS/FAILURES), UNDER ANY THEORY OF TORT, CONTRACT, WARRANTY, STRICT
LIABILITY OR NEGLIGENCE, EVEN IF THE PARTY HAS BEEN ADVISED, KNEW OR SHOULD HAVE KNOWN OF THE POSSIBILITY OF SUCH DAMAGES.. 

        THE
LIABILITY OF EITHER PARTY WITH RESPECT TO THE INSTALLATION (INCLUDING DELAYS THEREOF), PROVISION, TERMINATION, MAINTENANCE, REPAIR, INTERRUPTION, OR RESTORATION OF ANY SERVICE OR
FACILITIES OFFERED UNDER THIS AGREEMENT SHALL NOT EXCEED AN AMOUNT EQUAL TO THE CHARGE APPLICABLE UNDER THIS AGREEMENT TO THE PERIOD DURING WHICH SERVICES WERE AFFECTED. FOR THOSE SERVICES WITH
MONTHLY RECURRING CHARGES, THE LIABILITY OF EITHER PARTY IS LIMITED TO AN AMOUNT EQUAL TO THE PROPORTIONATE MONTHLY RECURRING CHARGES FOR THE PERIOD DURING WHICH SERVICE WAS AFFECTED. 

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        7.2.    General Indemnity.    In the event parties other than SwissFone and Vistula shall have use of the Service,
then SwissFone and Vistula agree to forever indemnify and hold each other harmless from and against any and all claims, demands, suits, actions, losses, damages, assessments or payments which may be
asserted by said parties arising out of or relating to any defect in the Service. 

8      ASSIGNMENT  

        This Agreement may not be assigned or transferred by either Party without the prior written consent of the other Party; provided, however, that either Party may
assign this Agreement to an affiliated entity, or to a successor in interest whether by merger, reorganization, or transfer of all or substantially all of its assets or otherwise. The effectiveness of
any assignment shall be conditioned upon the assignee's written assumption of the rights, obligations and duties of the assigning Party. 

9      FORCE MAJEURE  

        No failure or omission by either Party to carry out or observe any of the terms and conditions of this Agreement shall give rise to any claim against such Party
or be deemed a breach of this Agreement if such failure or omission arises from an act of God or any other circumstances commonly known as force majeure, an act of Government, or any other cause
beyond the reasonable control of such Party. The Party experiencing the force majeure event shall use reasonable efforts under the circumstances to avoid or remove such causes of nonperformance and
shall proceed to perform with reasonable dispatch whenever such causes are removed or cease. Notwithstanding the foregoing, if a force majeure event results in an interruption of Service for more than
ten (10) consecutive days, the affected Party may terminate the affected Services, or this Agreement, without liability for any early termination fee or charge. 

10    PUBLICITY, CONFIDENTIALITY  

        10.1.    Confidential Information.    The parties understand and agree that the terms and conditions of this
Agreement, all documents referenced herein (including invoices for Service provided hereunder), communications between the parties regarding this Agreement or the Service to be provided hereunder
(including price quotes for any Service proposed to be provided or actually provided hereunder), and all information regarding the customers of either party as well as such information relevant to any
other agreement between the parties (collectively "Confidential Information"), are confidential between the parties. 

        10.2.    Limited Disclosure.    A party shall not disclose Confidential Information unless subject to discovery or
disclosure pursuant to legal process, or to any other party other than the directors, officers, and employees of a party or agents of a party including their respective brokers, lenders, insurance
carriers or prospective purchasers who have specifically agreed in writing to nondisclosure of the terms and conditions hereof. Any disclosure hereof required by legal process shall only be made after
providing the non-disclosing party with notice thereof in order to permit the non-disclosing party to seek an appropriate protective order or exemption. Violation by a party or
its agents of the foregoing provisions shall entitle the non-disclosing party, at its option, to obtain injunctive relief without a showing of irreparable harm or injury and without bond. 

        10.3.    Press Releases.    The parties further agree that any press release, advertisement or publication generated
by a party regarding this Agreement, the Service provided hereunder or in which a party desires to mention the name of the other party or the other party's parent or affiliated company(ies) will be
submitted to the nonpublishing party for its written approval prior to publication. 

        10.4.    Survival and Confidentiality.    The provisions of this Section 17 will be effective as of the date of
this Agreement and remain in full force and effect for a period equal to the longer of; (i) two 

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(2) years
following the effective date of this Agreement; or (ii) two (2) years following the termination of all Service hereunder. 

11    NOTICE  

        11.1. All
notices, requests, or other communications hereunder shall be in writing, addressed to the Parties as follows, or to such other address as either Party shall
designate by proper notice. Rate change notification shall be delivered by facsimile only to the rate change notification facsimile number listed below. 

	If to SwissFone:	 	SwissFone Inc.

2001 L Street, NW, Suite 750

Washington, D.C. 20036

Attention: Legal Department

Phone: 202-785-1145 or 1-800-966-1145

Facsimile: 202- 457-8915
	

Rate Change Notification:	
 	

Facsimile: 202-457-8958
	

If to Customer:	
 	

Vistula

40 Portman Square 4th Floor

London W1H 6LT United Kingdom

Phone: 44 207 7486 4900

Fax: 44 207 487 4001

        11.2. Notices
given by one Party to the other Party under this Agreement shall be in writing and shall be (a) delivered personally, (b) delivered by express
delivery service, (c) mailed, certified mail or first class U.S. mail postage prepaid, return receipt requested or (d) delivered by telecopy. Notices will be deemed given as of
the earlier of (I) the date of actual receipt, (ii) the next business day when notice is sent via express mail or personal delivery, (iii) three (3) business days after
mailing in the case of first class or certified U.S. mail or (iv) on the date set forth on the confirmation in the case of telecopy. 

12    DISPUTE RESOLUTION  

        12.1. The
Parties desire to resolve disputes arising out of or relating to this Agreement without litigation. Therefore, except for action seeking a temporary restraining
order or an injunction relating to the purposes of this Agreement, or suit to compel compliance with this dispute resolution process, the Parties agree to use the following alternative dispute
resolution procedures as the sole remedy with respect to any controversy or claim arising out of or relating to this Agreement or Its breach. 

        12.2. At
the written request of either Party, each Party will appoint a knowledgeable representative to meet and negotiate in good faith to resolve any dispute arising out
of or relating to this Agreement. The representatives shall have the discretion to determine the location, format, frequency and duration of their negotiations, and to utilize other alternative
dispute resolution procedures such as mediation to assist in the negotiations. All discussions and correspondence among the representatives shall be treated as confidential information developed for
the purposes of settlement, exempt from discovery, and shall not be admissible in the arbitration described below or in any lawsuit without the agreement of the Parties. 

        12.3. If
the negotiations do not resolve the dispute within sixty (60) days of the initial written request, the dispute shall be submitted to binding arbitration by a
single arbitrator at the office of the American Arbitration Association ("AAA") located in Wilmington, DE. The arbitration shall be held in accordance with the AAA's Commercial Arbitration Rules,
and/or the AAA's International Arbitration 

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Rules,
as may be applicable to the dispute. The Parties agree that the arbitration shall proceed ex parte in the envent that a Party, after being duly
notified refuses to participate in the arbitration. The cost of the arbitration, including the fees and expenses of the arbitrator(s), shall be. shared equally by the parties unless the arbitration
award provides otherwise. Each party shall bear the cost of preparing and presenting its case. The arbitrator(s) are not empowered to award damages in excess of compensatory damages and each Party
irrevocably waives any damages in excess of compensatory damages. The Parties agree to undertake all reasonable steps to expedite the arbitration process. Judgment upon any award rendered by the
arbitrator may be entered in any court having jurisdiction. 

13    COMPLIANCE WITH LAWS  

        13.1. The
Parties shall not use the Services in any manner or for any purpose which constitutes a violation of the laws of the United States or the laws of any foreign
jurisdiction in which the Services are being provided. Each Party agrees that it will acquire and maintain in full force and effect such approvals, consents, governmental and regulatory
authorizations, licenses and permits as may be required to provide the Services. 

14    MISCELLANEOUS  

        14.1. Any
Article or any other provision of this Agreement which is or becomes illegal, invalid or unenforceable shall be severed herefrom and shall be ineffective to the
extent of such illegality, invalidity or unenforceability and shall not affect or impair the remaining provisions hereof, which provisions shall remain in full force and effect. 

        14.2. Failure
of either Party to insist on performance of any term or condition of this Agreement or to exercise any right or privilege hereunder shall not be construed as a
continuing or future waiver of such term, condition, right or privilege. 

        14.3. The
relationship between the Parties shall be that of independent contractors, and nothing herein contained shall be deemed to constitute a partnership between them or
a merger of their assets or their liabilities or undertakings. Neither Party shall have the right to bind the other party, except as expressly provided for herein. 

        14.4. This
Agreement shall be governed by the laws of the State of Delaware, without reference to its principles of conflict of laws. Customer irrevocably consents and
submits to personal jurisdiction in the courts of the District of Columbia for all matters arising under this Agreement. 

        14.5. This
Agreement may be executed in multiple counterparts, each of which shall be deemed an original. 

        14.6. This
Agreement represents the entire understanding between the Parties in relation to the matters herein and supersedes all previous agreements whether oral or written
made between the parties in relation to the subject matter hereof. This Agreement may only be modified in writing signed by authorized representatives of both Parties. 

        14.7.    Survival of Terms.    The terms and provisions contained in this Agreement that by their sense and context
are intended to survive the performance thereof by the parties hereto shall so survive the completion of performance and termination of this Agreement, including, without limitation, provisions for
indemnification and the making of any and all payments due hereunder. 

        14.8.    Heading.    Descriptive headings in this Agreement are for convenience only and shall not affect the
construction of this agreement. 

        14.9.    Industry Terms.    Words having well-known technical or trade meanings shall be so construed, and
all listings of items shall not be taken to be exclusive, but shall include other items, whether similar or dissimilar to those listed, as the context reasonably requires. 

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        14.10.    Rule of Construction.    No rule of construction requiring interpretation against the draftsman hereof shall
apply in the interpretation of this Agreement. 

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

	SwissFone	 	Vistula
	

/s/  KRISTEN LUINGO      
 signature	
 	

/s/  ADAM BISHOP      
 signature
	

VP, Sales & Marketing
 title	
 	

Adam Bishop CEO
 title
	

20-JAN-2004
 date	
 	

20-JAN-2004
 date

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QuickLinks

Exhibit 10.11

RECIPROCAL INTERNATIONAL TELECOMMUNICATIONS SERVICES CARRIER AGREEMENT

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