Document:

Assignment and Assumption Agreement, made and entered in as of January 31, 2005

 Exhibit 10.8 
  
 ASSIGNMENT AND ASSUMPTION AGREEMENT 
  
 This Assignment and Assumption Agreement (“Assignment and Assumption Agreement”) is made and entered into
as of January 31, 2005, by and between Winstar Communications, LLC, a Delaware limited liability company (“Assignor”), and IDT Spectrum, LLC. a Delaware corporation (“Assignee”). 
  
 WHEREAS, Winstar Holdings, Inc. (“Holdings”) is the sole
shareholder of Assignor and Assignee; and 
  
 WHEREAS, Holdings
has decided to redeploy certain assets of Assignor by transferring them to Assignee in order to maximize their income producing value; 
  
 WHEREAS, pursuant to a Contribution Agreement between Assignor and Assignee dated as of the date hereof, Assignor has contributed the assets set forth on
Schedule A hereto to Assignee (the “Assets”); and 
  
 WHEREAS, in connection with the contribution of the Assets, Assignor has agreed to transfer certain duties, obligations, liabilities and debts and Assignee has agreed to so assume the same, 
  
 NOW, THEREFORE, in consideration of the foregoing premises and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
  
 1. Assignment and Assumption of Liabilities. Assignor hereby assigns and Assignee hereby agrees to assume, pay, perform, defend and discharge, all
duties, obligations, liabilities and debts of every kind, character or description whatsoever with respect to, arising out of or in any way related to the Assets, including, but not limited to all liabilities under the agreements included therein,
whether known or unknown, accrued, absolute, contingent or otherwise arising as of and after the date hereof. 
  
 2. Further Assurances. Upon request from either party hereto, the other party shall, at its own reasonable expense, execute and deliver such
further instruments of transfer and assignment and take such other action as may be reasonably requested by the requesting party hereto. 
  
 3. Successors and Assigns. The terms and conditions of this Assignment and Assumption Agreement shall be binding upon and inure to the benefit of
Assignor and Assignee and their respective successors and assigns. 
  
 4. Governing Law. This Assignment and Assumption Agreement shall be governed by, and construed in accordance with, the laws of the State of New Jersey, without regard to conflicts of laws principles thereof. 
  

 1 

 5. Counterparts. This Assignment and Assumption Agreement may be executed in one or more
counterparts, each of which shall be deemed an original and both of which together shall constitute one and the same instrument. 
  
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

 2 

 IN WITNESS WHEREOF, the parties hereto have executed this Assignment and Assumption Agreement as
of the date first written above. 
  

			
	ASSIGNOR:
	
	 WINSTAR COMMUNICATIONS, LLC

		
	 By:
	 	 /s/ Abilio Pereira

	 Name:
	 	 Abilio Pereira

	 Title:
	 	 CFO

	
	ASSIGNEE:
	
	 IDT SPECTRUM, LLC

		
	 By:
	 	 /s/ Joseph M. Sanon, Jr.

	 Name:
	 	 Joseph Sanon

	 Title:
	 	 President

  

 3 

																							
	 Last Name

	  	Account

	  	Mso

	  	0_30

	  	31_45

	  	46_60

	  	61_75

	  	75_90

	  	91_120

	 Abc Inc
	  	4250513177	  	16	  	$	4,572.80	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00
	 Abn Amro
	  	4258976594	  	16	  	$	2,710.68	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00
	 AT&T Wireless Communications
	  	9327172	  	16	  	$	6,845.00	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00
	 Cbs Inc.
	  	9327075	  	16	  	$	4,985.28	  	$	0.00	  	$	4,985.28	  	$	0.00	  	$	4,985.28	  	$	2,757.44
	 Cingular
	  	9327030	  	16	  	$	2,683.67	  	$	0.00	  	$	2,683.67	  	$	0.00	  	$	2,202.30	  	$	0.00
	 Cingular Interactive, LP
	  	9327102	  	16	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00
	 Cingular Wireless
	  	4250562186	  	16	  	$	3,823.56	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00
	 Cingular Wireless – Puerto Rico
	  	9327142	  	16	  	$	7,077.15	  	$	0.00	  	$	7,077.15	  	$	0.00	  	$	7,077.15	  	$	7,077.15
	 Detroit Smsa Limited Partnership
	  	932021	  	16	  	$	1,214.40	  	$	0.00	  	$	1,214.40	  	$	0.00	  	$	1,214.40	  	$	1,214.40
	 Ditco
	  	4250580836	  	16	  	$	911.37	  	$	0.00	  	$	911.37	  	$	0.00	  	$	911.37	  	$	911.37
	 Dps – State Of Arizona Azafis – E(
	  	1804	  	16	  	$	471.74	  	$	0.00	  	$	471.74	  	$	0.00	  	$	0.00	  	$	0.00
	 Eureka Networks
	  	27838716	  	16	  	$	1,500.00	  	$	0.00	  	$	8,197.28	  	$	0.00	  	$	0.00	  	$	0.00
	 George Washington University
	  	4258981991	  	16	  	$	2,878.16	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00
	 Hewitt Associates
	  	4258981977	  	16	  	$	1,011.41	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00
	 Icg Communications Inc.
	  	9327005	  	16	  	$	2,273.75	  	$	0.00	  	$	2,273.75	  	$	0.00	  	$	2,273.75	  	$	862.50
	 Kas Lighting
	  	9327041	  	16	  	$	406.60	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00
	 M C I – Delta
	  	9327199	  	16	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	 M C I Federal Systems
	  	9327223	  	16	  	$	18,047.25	  	$	0.00	  	$	14,261.71	  	$	0.00	  	$	0.00	  	$	0.00
	 M C I Metro
	  	9327006	  	16	  	$	22,455.94	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00
	 Mitsubishi Motor Sales Of Amer
	  	4250523603	  	16	  	$	6,316.03	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00
	 Sprint Pcs (Ca)
	  	9327175	  	16	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00
	 Sprint Spectrum
	  	9327053	  	16	  	$	644.00	  	$	0.00	  	$	644.00	  	$	0.00	  	$	644.00	  	$	644.00
	 T Mobile U S A
	  	9327038	  	16	  	$	882.60	  	$	0.00	  	$	882.60	  	$	0.00	  	$	882.60	  	$	882.60
	 T Mobile Usa
	  	9327055	  	16	  	$	269.63	  	$	0.00	  	$	269.63	  	$	0.00	  	$	269.63	  	$	269.63
	 Twentieth Century Fox
	  	4250521305	  	16	  	$	3,158.01	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00
	 Ubs Ag
	  	4250577515	  	16	  	$	4,825.12	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00
	 University Of Chicago
	  	5258981537	  	16	  	$	802.73	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00
	 Verizon Wireless
	  	9327045	  	16	  	$	532.50	  	$	0.00	  	$	632.50	  	$	0.00	  	$	632.50	  	$	632.50
	 Verizon Wireless – virginia
	  	9327025	  	16	  	$	12,768.25	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00
	 William Sonoma
	  	4250509785	  	16	  	$	2,842.21	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00	  	$	0.00
	 	  	 	  	 	  	$	137,379.84	  	$	0.00	  	$	64,875.08	  	$	0.00	  	$	41,462.98	  	$	54,610.59

			
	 Private Line Summation
	 	CONFIDENTIAL
	 	 	January 2005

  

					
	 Acct. #

	  	 Company

	  	 Contract/Service Order

	Spectrum	  	Airetel	  	Spectrum-pre paid
	9327172	  	ATTW	  	Expired SO
	4250562186	  	Cingular Wireless	  	SO
	27838716	  	Eureka	  	SO
	Spectrum	  	ICNT	  	Spectrum-pre paid
	Spectrum	  	Islanet	  	Contract in DC as per Joe
	GSA	  	MAA	  	Govt. svcs.
	9327199	  	MCI Delta	  	Currently renegotiating
	9327223	  	MCI Federal	  	Currently renegotiating
	9327006	  	MCI Metro	  	Currently renegotiating
	Spectrum	  	Purelink	  	Spectrum-pre paid
	9327038	  	T Mobile U S A	  	SO
	4250521305	  	TWENTIETH CENTURY FOX	  	Currently renegotiating
	9327025	  	Verizon Wireless-Virginia	  	SO
	4250509785	  	WILLIAM SONOMA	  	Currently renegotiating

 PL – accts remaining 2-1-05 
  

																			
	 Site Address

	  	 City

	  	 State

	  	Zip Code

	 	 Company Name

	 	 Lessor Name

	 	 Lessor Address

	  	 Lessor City

	  	 Lessor
State

	  	Lessor Zip Code

	2001 Park Pl	  	Birmingham	  	AL	  	352032735	 	M C I FEDERAL SYSTEM (FAA)	 	WHML – S Real Estate LP c/o Action Group LP	 	600 Las Calinas Blvd E Suite 400	  	Irving	  	TX	  	750395646
	1000 W Lake St	  	Addison	  	IL	  	601012068	 	Cingular	 	J.D.P. Partnership	 	1000 Lake St	  	Addison	  	IL	  	601012086
	1001 State St	  	Erie	  	PA	  	165011814	 	M C I METRO (FAA)	 	Renaissance Centre Ltd c/o Realty Management Service	 	1001 State St Suite 103	  	Erie	  	PA	  	165011814
	2000 W Grandview	  	Erie	  	PA	  	165091029	 	M C I METRO (FAA)	 	Lord Corporation	 	111 Lord Dr PO Box 8012	  	Cary	  	NC	  	275117923
	10301 W Pico Blvd	  	Los Angeles	  	CA	  	900642607	 	TWENTIETH CENTURY FOX	 	Papazian Hirsch Studios, LLC	 	6625 Variel Avenue Suite 200	  	Canoga Park	  	CA	  	91303-4001
	2121 Avenue Of The Stars	  	Los Angeles	  	CA	  	900674010	 	TWENTIETH CENTURY FOX	 	Fox Plaza, LLC	 	2121 Avenue Of The Stars Suite 2800	  	Los Angeles	  	CA	  	9006750556
	17 State Street	  	New York	  	NY	  	100041501	 	Eureka – NYC	 	FiberNet Real Estate Services	 	50 Lexington Avenue 3rd Flr	  	New York	  	NY	  	100226837
	2 Wall St	  	New York	  	NY	  	100052001	 	Eureka – NYC	 	Fieldstone Capitol, Inc.	 	200 Madison	  	New York	  	NY	  	100163902
	39 Broadway	  	New York	  	NY	  	100063003	 	Eureka – NYC	 	39 Cam, LLC	 	42 Broadway	  	New York	  	NY	  	100041617
	1402 E Sunnyside Dr	  	Phoenix	  	AZ	  	850201215	 	AT&T WIRELESS COMMUNICATIONS	 	Antenna Sites, Inc.	 	7725 E Redfield Rd Suite 101	  	Scottsdale	  	AZ	  	852602984
	2001 Westmoreland St	  	Richmond	  	VA	  	232303227	 	Verizon Wireless – Virginia	 	Crown Castle GT Company, LLC	 	200 Corporate Dr.	  	Canonsburg	  	PA	  	15317
	3015 Dumbarton Rd	  	Richmond	  	VA	  	232285831	 	Verizon Wireless – Virginia	 	Crown Castle GT Company, LLC	 	200 Corporate Dr.	  	Canonsburg	  	PA	  	15317
	8006 Midlothian Tpke	  	Richmond	  	VA	  	232355232	 	Verizon Wireless – Virginia	 	Crown Castle GT Company, LLC	 	200 Corporate Dr.	  	Canonsburg	  	PA	  	15317Employment Letter, dated March 31, 2005, John Petrillo

 Exhibit 10.9 
  

			
	 

 Jim Courter
 CEO & Vice Chairman
	 	 IDT Corporation
 520 Broad Street
 Newark, NJ 07102 USA
 P 973 438/4300
 - 973 438/1503
 jcourter@corp.idt.net

  
 March 31, 2005 
  
 Mr. John Petrillo 
 84-1 Meeker Road 
 Bernardsville, NJ 07924 
  
 Dear John: 
  
 I am pleased to confirm IDT Corporation’s offer to you, and your acceptance, of the positions of Chief Executive Officer and Chairman of the Board of Directors of
IDT Spectrum, Inc. In these positions, you will be reporting directly to Howard Jonas and me as the Chief Executive Officer and Chairman of the Board, respectively, of IDT Corporation, IDT Spectrum’s ultimate parent. It is my understanding that
your employment with IDT Spectrum officially started on March 17, 2005, the day that the IDT Spectrum Board of Directors approved your election to your CEO and Chairman of the Board positions. 
  
 Your Base Salary will be at the rate of $250,000 per year and you will receive an annual
bonus equal to $250,000. In addition, after your acceptance and return of this letter, you will be granted shares of restricted Class B Common Stock of IDT Spectrum equal to 1.5% of the currently issued and outstanding shares of capital stock of IDT
Spectrum (after adjustment for a forthcoming recapitalization). The vesting restrictions on one-third of your IDT Spectrum shares will lapse upon a qualified initial public offering of the capital stock of IDT Spectrum (that meets certain minimum
criteria to be mutually agreed upon) if you remain employed by IDT Spectrum at that time. The vesting restrictions on the remaining two-thirds of your IDT Spectrum shares will lapse in two equal installments on the one-year and two-year
anniversaries of such a qualified initial public offering of the capital stock of IDT Spectrum if you remain employed by IDT Spectrum at those times. 
  
 You will be eligible, on the first day of the month following your initial 90 days of employment, to participate in IDT’s medical, dental, life and disability
programs, as well as in the IDT 401(k) plan, subject to the terms of the Plans. You will receive four weeks of paid vacation per year. You will also receive an automobile allowance of an amount that is standard for IDT’s executives and a
designated spot in EDT’s parking garage at its Newark headquarters. 

 You are required to complete several administrative forms, including IDT’s Non-Disclosure/Non-Competition Agreement
and an I-9 form, so it is necessary that you bring with you valid proof of your authorization to work in the United States (e.g. Driver’s License and Social Security card or Birth Certificate or Passport) to the Human Resources
Department located on the 9th Floor of our headquarters in Newark. IDT also conducts investigations, including verification by a third party, of prior employment history, education and record of criminal conviction. Please be aware that false
statements or failure to disclose information can result in your dismissal. 
  
 Please acknowledge your acceptance of our offer by signing below and returning to me within five days of the date of this letter. 
  
 We are very excited about you joining us at IDT. 
  
 Sincerely, 
  

	
	
	 /s/ James A. Courter

	 James A. Courter
 Vice Chairman and
CEO

  
 Agreed and Accepted:

  

	
	
	 /s/ John Petrillo

	 John Petrillo

  
 Date:
    April 1,
2005                                        
         
  

 2

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