Document:

Exhibit 10.1

         AGREEMENT, dated as of the 29th day of October, 2001, between UNIVERSAL
MEDIA  HOLDINGS,  INC., a Delaware  Corporation,  with principal  offices at 545
Madison Avenue,  6th Floor, New York, New York  (hereinafter  referred to as the
"Company")  and Kenneth C.  Parsteck,  residing at Floral Park, New York (herein
referred to as "KCP").

                                   WITNESSETH:

         WHEREAS, the Company desires to formalize its relationship with KCP and
KCP wishes to formalize his relationship with the Company; and
         WHEREAS,  KCP is willing to formalize his relationship with the Company
on the terms and subject to the conditions contained herein.
         NOW, THEREFORE, the parties have agreed to the following:

1.       Employment.  The Company  hereby  employs KCP, and KCP hereby agrees to
enter into the  agreement  with the Company,  as  President  and Chairman of the
Board of Directors of the Company.
2.       No Breach of  Obligations.  KCP  represents and warrants to the Company
that he has the requisite  skills and experience,  and has proven his values and
abilities to the Company, and is ready, willing and able to perform those duties
attendant  to the  position  for which he is hired and that his entry  into this
Agreement  with the Company does not  constitute a breach of any agreement  with
any other person, firm or corporation,  nor does any prior agreement between KCP
and any person, firm or corporation contain any restriction or impediment to the
ability of KCP to perform  those duties for which he was hired,  or which may be
assigned to, or reasonably expected of him.

<PAGE>

3.       Services.  During the full term of this Agreement, KCP shall perform to
the best of his abilities the following  services and duties, in such manner and
at such times as the Company may direct,  the following being included by way of
example and not by way of limitations:

                  a)       KCP will be available to discuss all company  matters
                           that are presented to him, within a reasonable time;
                  b)       KCP  shall,   in   cooperation   with  the  Company's
                           financial  relations  firms(s),  keep  the  Company's
                           shareholders,  and the  brokerage  community  updated
                           from time to time as to the Company's progress;
                  c)       KCP shall consult with and advise the officers of the
                           Company,  either  orally  or at  the  request  of the
                           Company, in writing, to such matters as the Chairman,
                           shall  deem  necessary  to  discuss  relating  to the
                           management and operations of the Company; and
                  d)       KCP shall be  responsible  for such other  duties and
                           responsibilities  as  necessary to fulfill his duties
                           President.

4.       Exclusivity.  KCP agrees that during the term of this Agreement he will
impart  and  devote the  necessary  time,  energy,  skill and  attention  to the
performance of his duties hereunder.
5.       Place of  Performance.  KCP agrees to perform his duties  hereunder and
agrees to the extent that it has been determined necessary and advisable, in the
discretion of the Chairman, to travel to any place in the United States, or to a
foreign  country,  where his presence is or may  reasonably  be required for the
performance of his duties hereunder.
6.       Compensation.  The Company  hereby  agrees to  compensate  KCP, and KCP
hereby accepts for the  performance  of the services of President,  as indicated
below:

                  a)       Fees.  The Company shall pay to KCP a monthly  salary
                           of THREE  THOUSAND  DOLLARS  ($3,000.00),  during the
                           term of this  Agreement.  The  Company  may  file any
                           registration statement necessary to allow KCP to sell
                           shares of common  stock of the Company in order to be
                           paid this amount;
                  b)       Stock:  In  addition,  the  Company  shall  issue  of
                           1,300,000  shares  of  Common  Stock of the  Company,
                           fully paid and non-assessable,  bearing a restrictive
                           legend,  in  consideration of the time and effort put
                           forth  by  KCP.   KCP   shall   have  the   right  to
                           "piggy-back" any appropriate  registration  statement
                           filed by the Company;
                  c)       Bonus.  KCP shall be entitled to  participation  in a
                           bonus or other incentive compensation, profit sharing
                           or retirement plan that the Company may institute, or
                           make  generally  available  to  its  executives,   as
                           determined by the Board of Directors;

<PAGE>

7.       Representation  and  Warranties  of KCP.  By  virtue  of his  execution
hereof,  and in order to induce the  Company to enter into this  Agreement,  KCP
hereby represents and warrants, as follows:

                  a)       KCP  is  not  presently   actively   engaged  in  any
                           business,  employment or venture which is, or may be,
                           in direct conflict with the business of the Company;
                  b)       KCP has  full  power  and  authority  to  enter  this
                           Agreement with the Company and to perform in the time
                           and manner contemplated; and
                  c)       KCP's  compliance  with the terms and  conditions  of
                           this   Agreement,   in  the  time   and  the   manner
                           contemplated  herein,  will  not  conflict  with  any
                           instrument or agreement pertaining to the transaction
                           contemplated herein, and will not conflict in, result
                           in a breach  or, or  constitute  a default  under any
                           instrument to which he is a party;
                  d)       KCP represents  that he shall devote his best efforts
                           to the success of the Company.

8.       Representation  and  Warranties  of  the  Company.  By  virtue  of  the
execution of this Agreement,  the Company hereby represents and warrants to KCP,
as follows:

                  a)       The  Company  and KCP agree  that KCP  shall  receive
                           reimbursement for all reasonable expenses incurred by
                           KCP in connection  with the performance of his duties
                           hereunder  subject to  compliance  with the Company's
                           procedures;   and  the  Company   shall  pay  to  KCP
                           directly,  or reimburse KCP for all other  reasonable
                           necessary  and  proven  expenses  and   disbursements
                           incurred  by KCP for and on behalf of the  Company in
                           the  performance  of KCP's duties  during the term of
                           this Agreement.

9.       Competition.  a)  During  the  term of  this  Agreement,  or  upon  the
         termination of his employment, whichever event shall occur earlier, and
         for a period of twelve (12) consecutive  months  thereafter,  KCP shall
         not, without the prior written consent of the Company engage, either as
         a Consultant, Agent, Proprietor, Officer, Director, Partner or majority
         stockholder in the business directly related to that of the Company.

<PAGE>

         b) KCP further covenants that during the stated term of this agreement,
and for the twelve (12) month period thereafter,  whichever shall occur earlier,
he will not  solicit  any  clients  or  customers  known by him to be clients or
customers of the Company for competitive  business.  The foregoing  restrictions
shall not apply to a  termination  of KCP's  employment  by the Company  without
Cause,  or a  termination  of the  employment  by KCP because of a breach of the
Agreement by the Company.  10. Term and  Termination.  This  Agreement  shall be
deemed to be effective as of the date indicated above and shall continue in full
force and effect until the last day of September, 2002, unless sooner terminated
as hereunder set forth.

                  a)       Termination by the Company for Cause.

                           1)       The Company may terminate  KCP's  employment
                                    for Cause. Upon such termination the Company
                                    shall  have no further  obligations  to KCP,
                                    except for  compensation,  or other benefits
                                    due, but not yet paid.
                           2)       "Cause"  shall mean:  (i) KCP's  willful and
                                    continued  failure  substantially to perform
                                    his duties with the Company (other than as a
                                    result of KCP's incapacity due to illness or
                                    injury),  if KCP is not then  acting  in the
                                    best interests of the Company, as determined
                                    by the  Board of  Directors,  or (ii)  KCP's
                                    wilful  engagement  in  misconduct  which is
                                    materially   injurious   to   the   Company,
                                    monetary or otherwise.

11.      Notice of Termination.  Any purported  termination of KCP's  employment
shall be communicated  by written "Notice of Termination"  from one party to the
other party hereto. For the purposes of this Agreement a "Notice of Termination"
shall mean a notice which shall indicate the specific  termination  provision in
this  Agreement  relied upon and shall set forth in reasonable  detail the facts
and  circumstances   claimed  to  provide  a  basis  for  termination  of  KCP's
employment,  under the provision so indicated.  No purported  termination by the
Company of KCP's employment shall be effective if it is not effected pursuant to
a "Notice of Termination" satisfying the requirements of this Paragraph.

12.      Date of Termination. "Date of Termination" shall mean the date on which
a "Notice of Termination" is given.
13.      Laws of the State of New York. This Agreement is being delivered in the
State of New York and shall be  construed  and enforced in  accordance  with the
Laws of the State of New York, irrespective of the state of Incorporation of the
Company and the place or domicile of KCP.

<PAGE>

14.      Remedies on Breach.  Any remedies on breach of this Agreement are to be
determined exclusively through arbitration as discussed in the Agreement.
15.      Prohibition  Against  Assignment.  Except  as  herein  above  otherwise
expressly  provided,  KCP agrees on behalf of himself and of his  executors  and
administrators,  heirs, legates,  distributees, and any other person, or persons
claiming  benefits  under  him by  virtue  of this  Agreement  and  the  rights,
interests and benefits hereunder, shall not be assigned, transferred, pledged or
hypothecated in any way by KCP or any executor,  administrator,  heir,  legatee,
distrubutee  or other persons  claiming under KCP by virtue of the Agreement and
shall not be subject to execution,  attachment or similar process. Any attempted
assignment,  transfer,  pledge or hypothecation,  or other  dispositions of this
Agreement  of such rights,  interests  and  benefits  contrary to the  foregoing
provisions,  or the levy of any attachment or similar process thereupon shall be
null and void and without effect.
         This  Agreement  has  been  approved  by the  Board  of  Directors,  as
indicated by their  respective  signatures.  This Agreement has been approved by
KCP, as  indicated  by his  signature.
         In Witness Whereof,  the parties have executed this Agreement as of the
29th Day of October, 2001

Universal Media Holdings, Inc..
/s/ Kenneth C. Parsteck
-----------------------
Kenneth C. Parsteck

                                                             /s/ Lance Lang
                                                             ----------------
                                                             Lance Lang,
                                                             Directors

                                                             /s/ Ramiro Pericone
                                                             -------------------
                                                             Ramiro Pericone,
                                                             DirectorExhibit 10.1

                          TTI HOLDINGS OF AMERICA, CORP
                         545 Madison Avenue - 6th floor
                            New York, New York 10022
                                 (212) 759 8899

October 31, 2001

Andrew B. Mazzone
513 Dryden Street
Westbury, NY 11590

Dear Andy:

This letter  agreement  confirms the terms and conditions upon which you and TTI
Holdings of America,  Corp. ("TTI") agree with regard to the termination of your
employment  by TTI as a  result  of the  recent  organizational  assessment  and
restructuring.

1. You shall resign as Chief  Executive  Officer and  President of TTI effective
November 1, 2001.  You will remain on the Board of  Directors  as its  Chairman,
standing for re-election at TTI's next annual meeting.

2. TTI agrees to transfer to you 200,000 shares of its Common Stock,  $.0001 par
value per share,  in  consideration  of you  contributing  to TTI your claim for
$41,000,  representing  the cash advances you have made from time to time to TTI
and  still  outstanding.  The  shares  shall  bear  a  "restrictive  legend"  in
accordance  with  Regulation D under the  Securities Act of 1933, as amended and
may  not be  offered,  transferred  or sold  absent  an  effective  registration
statement under such Act or an exemption thereto.

3. You  hereby  release  and  forever  discharge  TTI  from any and all  claims,
demands, damages, debts, liabilities, obligations, liens and causes of action of
every kind and nature whatever,  whether known or unknown, which you now have or
at any time heretofore ever had against TTI,  including but not limited to those
which are in any way related to your  employment  with TTI or the termination of
that employment,  and you agree not to initiate any claim,  demand,  or cause of
action,  legal or otherwise,  against the TTI, or any other  employee,  officer,
director,  agent or  representative  of TTI . You also agree  that this  release
covers,  but is not limited to, claims arising under the Age  Discrimination  in
Employment Act of 1967, as amended by the Older Workers  Benefit  Protection Act
of 1990,  Title VII of the Civil  Rights Act of 1964,  as amended,  the Employee
Retirement  Income Security Act of 1974, as amended,  the Worker  Adjustment and
Retraining  Notification  Act of 1988,  the Americans with  Disabilities  Act of
1990, the Family and Medical Leave Act of 1993 and any other  federal,  state or
local law  dealing  with  discrimination  on any  basis,  including  sex,  race,
national origin, veteran status, marital status, religion,  disability,  or age.
If you violate  this  release by suing TTI, or those  associated  with TTI,  you
agree that you will pay all costs and expenses of defending the suit incurred by
TTI or those associated with TTI, including reasonable attorneys' fees.

4. You are advised to, and have  consulted  with,  an attorney of your choice at
your expense before signing this Agreement and release.

<PAGE>

5. The terms of this  Agreement  are  confidential  and should not be  disclosed
other than to your lawyer or as  required by law.  TTI has the right to disclose
this Agreement in accordance  with its  responsibilities  as a publicly  trading
company.

6. The failure of a party to this  Agreement to insist upon strict  adherence to
any of the terms of this  Agreement  on any  occasion  will not be  considered a
waiver,  or deprive  that party of the right  thereafter  to insist  upon strict
adherence to that term of this Agreement. Any waiver must be in writing.

7. This Agreement,  the rights of the parties in, under and to the Agreement and
any dispute or action relating to this Agreement  (whether in contract,  tort or
otherwise)  will be governed by,  construed and enforced in accordance  with the
laws of New York  applicable to agreements  made and performed  entirely in that
State.  Any legal actions,  suits or  proceedings  arising out of this Agreement
(whether arising in contract, tort or otherwise), will be brought exclusively in
a federal or state court located in the State of New York having jurisdiction of
those courts with respect to any legal  actions,  suits or  proceeding  (whether
arising in contract,  tort or otherwise)  arising out of this Agreement.  In the
event of any legal action, suit or proceeding, the parties wave their right to a
jury trial.

8. This Agreement represents the entire  understanding  between us and supercede
and cancels any and all prior negotiations,  undertakings and agreements between
us, whether written or oral, with respect to the subject matter of the Agreement
and release. This Agreement may be amended,  modified, waived or terminated only
by a written instrument signed by both parties to this Agreement.

9. This  Agreement will inure to be the benefit of and will be binding upon each
of us and our respective successors, permitted transferees and assigns.

10. Each of us will take or perform such actions as reasonable  requested by the
other party,  including the execution of any additional  documents,  in order to
carry  out  the  intent  of,  and  to  facilitate  and  effectuate  the  actions
contemplated by this Agreement.

                                                   Very truly yours,

                                                   TTI Holdings of America Corp.

                                                   By: /s/ Andrew B. Mazzone
                                                       -------------------------

Accepted and Agreed
This 31st day of October, 2001

 /s/ Andrew B. Mazzone
----------------------
Andrew B. Mazzone

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