Document:

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Exhibit 10.3

                          EasyLink Services Corporation

                          2005 Stock and Incentive Plan

                           Restricted Stock Agreement

                           --------------------------
                                    (Grantee)

Date of Grant: __________________

Restricted Stock: _______________

         RESTRICTED STOCK AGREEMENT made in [     ], between EasyLink Services
Corporation and _______________________.

         1. GRANT OF AWARD. The Company has granted to you __________ shares of
Class A common stock, par value $.01 per share, subject to the restrictions and
other provisions of this Agreement ("Restricted Stock"), pursuant to the terms
of the EasyLink Services Corporation 2005 Stock and Incentive Plan (the "Plan").

         2. VESTING. The restrictions on your Restricted Stock will lapse, and
the Restricted Stock will become fully vested, in accordance with the following
schedule:[ ]. If your employment with the Company terminates, any shares of your
Restricted Stock that have not vested on or before the date of termination of
your employment in accordance with foregoing schedule will immediately be
forfeited and your rights with respect to these shares of Stock will end.

         3. STOCKHOLDER'S RIGHTS. Shares of Restricted Stock are shares of Class
A common stock, par value $.01 per share, of the Company ("Company Stock"). For
each share of Restricted Stock, whether vested or unvested, you will be entitled
to receive any cash or stock dividends distributed by the Company at the same
time as any other holder of the Company's Stock ; however, these dividends will
be held on your behalf and will be forfeitable until you satisfy the vesting
requirements for your Restricted Stock. You will also have the same voting
rights on your Restricted Stock as any other common stockholder.

         4. TRANSFER OF AWARD. You may not transfer any interest in shares of
Restricted Stock (except by will or the laws of descent and distribution) until
all restrictions on such shares lapse and such shares are vested. Any other
attempt to dispose of your interest in shares of Restricted Stock prior to such
time will be null and void.

         5. ADJUSTMENTS. In the event the shares of Company Stock, as presently
constituted, shall be changed into or exchanged for a different number or kind
of shares or other securities of the Company, the Committee will make any
adjustments that it deems appropriate to the number and kinds of shares of
Company Stock covered by the Restricted Stock and other relevant provisions, to
the extent necessary to prevent dilution or enlargement of the benefits or
potential benefits intended to be provided by the Restricted Stock. Any such
determinations and adjustments made by the Committee will be binding on all
persons.

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         6. WITHHOLDINGS. The Company will have the right, prior to the release
of restrictions on your Restricted Stock, to withhold or demand from you the
amount necessary to satisfy applicable tax requirements, as determined by the
Committee, or at an earlier time if you make an election pursuant to Section
83(b) of the Internal Revenue Code (the "Code"). You may also satisfy your
withholding obligations by having the Company withhold Restricted Stock that
otherwise would be delivered to you when your Restricted Stock vests. The shares
of Restricted Stock withheld will be valued at their Fair Market Value as of the
date when taxes would otherwise be withheld in cash.

         7. DISPOSITION OF SECURITIES. By accepting the Award and signing this
Agreement, you acknowledge that you have read and understand the Company's
policy on, and are aware of and understand your obligations under federal
securities laws with respect to, trading in the Company's securities. The
Company will have the right to recover, or receive reimbursement for, any
compensation or profit you realize on the disposition of shares of Company Stock
received as Restricted Stock to the extent that the Company has a right of
recovery or reimbursement under applicable securities laws. You may not transfer
any interest in your Restricted Stock until the restrictions lapse or are
satisfied. If you are an "affiliate" of the Company, you may dispose of your
shares of Company Stock only pursuant to an effective registration statement
under the Securities Act of 1933 (the "Securities Act") or an exemption or
exclusion from the registration requirement. An "affiliate", as defined in the
Securities Act, is generally a person who directly or indirectly controls the
Company, such as a member of the Board of Directors or a senior officer.

         8. SECTION 83(b) ELECTION. You may elect to pay tax on your Restricted
Stock as of the time your shares of Company Stock are granted rather than when
they vest by filing an election under Section 83(b) of the Code with the
Internal Revenue Service within 30 days after the Date of Grant. By accepting
the Award, you acknowledge that it is solely your responsibility to file timely
any election under Section 83(b), even if you request the assistance of the
Company or its representatives to do so. If you file a Section 83(b) election
pursuant to this paragraph 8, you must give a copy of your completed election
form to the Company within five (5) business days of the date on which you made
the filing to the following address: EasyLink Services Corporation, 33
Knightsbridge Road, Piscataway, New Jersey 08854, Attention: Director of Human
Resources.

         9. PLAN TERMS GOVERN. The grant and disposition of Restricted Stock are
subject to the provisions of the Plan and any rules that the Committee may
prescribe. The Plan document, as may be amended from time to time, is
incorporated into this Agreement. Capitalized terms used in this Agreement have
the meaning set forth in the Plan, unless otherwise stated in this Agreement. In
the event of any conflict between the terms of the Plan and the terms of this
Agreement, the Plan will control. By accepting the Award, you acknowledge
receipt of the Plan, as in effect on the date of this Agreement.

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         10. PERSONAL DATA. To comply with applicable law and to administer the
Plan and this Agreement properly, the Company and its agents may hold and
process your personal data, including your home address, Social Security number,
employment status, hire date and termination date. By accepting the Award, you
expressly consent to the use of this data by the Company and its agents and to
the transfer of this data outside the country in which you perform services or
reside.

         11. LIMITATIONS. Nothing in this Agreement or the Plan gives you any
right to continue in the service of the Company or any of its affiliates or to
interfere in any way with the right of the Company or any of its affiliates to
terminate your service at any time.

         12. INCORPORATION OF OTHER AGREEMENTS. This Agreement and the Plan
constitute the entire understanding between you and the Company regarding the
Restricted Stock. This Agreement supersedes any prior agreements, commitments or
negotiations concerning the Restricted Stock.

         13. SEVERABILITY. The invalidity or unenforceability of any provision
of this Agreement will not affect the validity or enforceability of the other
provisions of the Agreement, which will remain in full force and effect.
Moreover, if any provision is found to be excessively broad in duration, scope
or covered activity, the provision will be construed so as to be enforceable to
the maximum extent compatible with applicable law.

By accepting this Award and signing below, you confirm the following:

         (i) you have carefully read, fully understand and agree to all of the
terms and conditions described in this Agreement and the Plan; and

         (ii) you understand and agree that this Agreement and the Plan
constitute the entire understanding between you and the Company regarding the
Award, and that any prior agreements, commitments or negotiations concerning the
Restricted Stock are replaced and superseded.

                                              ---------------------------------
                                              for EasyLink Services Corporation

-----------------------------
Grantee

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                                                                    Exhibit 10.1

HSBC LOGO

CONFIDENTIAL
Concord Camera HK Ltd
14/F ADP Pentagon Centre
98 Texaco Road
Tsuen Wan
NEW TERRITORIES                                                   11 July 2006

Attn: Mr Paul Wong

Dear Sirs

BANKING FACILITIES
A/C NO. 500-166012

With reference to the recent discussion, we are pleased to advise that we have
reviewed your banking facilities and offer a renewal within the following
limits. These facilities are subject to review at any time and, in any event by
15 June 2007, and also subject to our overriding right of suspension, withdrawal
and repayment on demand, including the right to call for cash cover on demand
for prospective and contingent liabilities.

                                                        Limit

Import Facilities                                       USD7,700,000.-

Documentary Credits to your suppliers and Import
Loan Facilities in either HK Dollars or Foreign
Currency for up to 120 days, less any
usance/credit periods granted by your suppliers

within which                                            (USD7,700,000.-)
Goods under your control and/or Trust Receipts

We may, at our sole and absolute discretion, refuse to allow drawings under the
facilities if the transaction in question does not meet our operational
requirements in respect of these facilities.

Interest on import loans will continue to be charged on a daily basis as follows
and payable monthly in arrears to the debit of your account:-

HK Dollar        :         1.75% over HIBOR on import loans
Foreign currency :         1.75% over SIBOR or 1% below our standard Trade
                           Finance Rates as published by us

Interest at the above-mentioned rates over HIBOR (Hong Kong Interbank Offered
Rate) and SIBOR (Singapore Interbank Offered Rate) are subject to fluctuation at
our discretion and payable at the end of each interest period to the debit of
your account.

                                                                     Page 1 of 4
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HSBC LOGO

Concord Camera HK Ltd                                              11 July 2006
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                                                                  Limit

Guarantee                                                         EUR380,000.-

For issuance of a EUR380,000.- open-ended
guarantee in favour of Rabobank

Commission on the above guarantee facility will
continue to be charged at 1.25% per annum on the
amount of guarantee issued/renewed, which is
subject to change at the Bank's discretion.

Please note the full amount of the commission will
be payable in advance on a yearly basis to the
debit of your current account with us
notwithstanding subsequent return/cancellation of
the guarantee issued/renewed prior to expiry.

The commission rate specified above will apply to
the guarantee issued/renewed on your behalf
notwithstanding that a different rate may have
been specified in any Counter-Indemnity issued by
you in our favour prior to the date of this letter
in respect of such guarantee and it is agreed that
the rate specified above will apply with effect
from the issue/renewal of such guarantee or
otherwise as indicated above. All other terms of
any such Counter-Indemnity remain unchanged.

Default Interest

Please note that interest will be payable on sums which are overdue, drawings
which are in excess of agreed limits and amounts demanded and not paid, at the
maximum rate stipulated in the Bank's Tariff which is accessible at
http://www.hsbc.com.hk/hk/commercial/tool/pdf/c_tariff.pdf. The Bank will
provide you with a hard copy of the Tariff at your request. Interest at the
applicable rate will be payable monthly in arrears to the debit of your current
account.

Accrual of Interest and Other Sums

Please note that interest and other sums expressed to be chargeable or payable
on a periodic basis will nonetheless accrue from day to day and amounts so
accrued may be demanded at any time.

                                                                     Page 2 of 4
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HSBC LOGO

Concord Camera HK Ltd                                              11 July 2006
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Security

As security for the foregoing facilities, we continue to hold:-

1.       A charge over your deposit for USD2,000,000.- or its equivalent in
         other foreign currencies placed with us and is supported by the
         Registered "Security Over Deposit" dated 8 November 2005 together with
         Board Resolution dated 11 October 2005.

         In the event of the value of the foreign currency deposit charged to us
         falling below the required level and upon our request, you should
         immediately pledge to us additional security acceptable to us to bring
         the value back to the threshold.

2.       A charge over your deposit for USD6,200,000.- or its Hong Kong Dollar
         equivalent placed with us and is supported by the Registered "Security
         Over Deposit" dated 27 January 2006 together with Board Resolution
         dated 24 January 2006.

3.       A Registered Assignment of DC Proceeds form dated 4 May 2001 together
         with the minutes of meeting dated 28 August 2000 executed by your
         company.

4.       A Counter Indemnity dated 5 December 2003 in respect of the above
         guarantee issued on your behalf (Re: L/G No. 46026).

In the event of the value of the total facilities outstanding exceeds the
value of the pledged deposits due to currency fluctuation, you undertake to
immediately pledge to us additional security acceptable to us to top-up the
security value to fully cover the total facilities outstanding.

As a special condition, Concord Camera HK Ltd is required to submit an aged
debtors' listing and inventory summary to our Bank on a quarterly basis.

You will be required for so long as these facilities are available to you to
comply with the above covenant/undertaking. Your compliance or otherwise with
the above covenant/undertaking will not in any way prejudice or affect our right
to suspend, withdraw or make demand in respect of the whole or any part of the
facilities made available to you at any time. By signing this letter, you
expressly acknowledge that we may suspend, withdraw or make demand for repayment
of the whole or any part of the facilities at any time notwithstanding the fact
that the above covenant/undertaking is included in this letter and whether or
not you are in breach of any such covenant/undertaking.

Please note that all costs and expenses (including legal fees) incurred by us in
connection with the extension of these facilities and any matters arising are to
be reimbursed by you on demand.

Please arrange for the AUTHORISED SIGNATORIES OF YOUR COMPANY, in accordance
with the terms of the mandate given to the bank, to sign and return to us the
duplicate copy of this letter to signify your confirmation as to the correctness
of the security held, and your continued understanding and acceptance of the
terms and conditions under which these revised facilities are granted.

A review fee of HKD8,000.- will be charged to the debit of your current account
upon receipt of your acceptance of this facility letter

                                                                     Page 3 of 4
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HSBC LOGO

Concord Camera HK Ltd                                              11 July 2006
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Unless expressed in writing from you to the contrary, we may provide any
information relating to any of your accounts with us and any facilities we may
provide to you from time to time or their conduct or any other information
concerning your relationship with us to any other company or office which at the
relevant time belongs to or is part of the HSBC Group.

Section 83 of the Banking Ordinance

Please note that Section 83 of the Banking Ordinance has imposed on us as a bank
certain limitations on advances to persons related to our directors or
employees. In acknowledging this facility letter you should advise us whether
you are in any way related to any of our directors or employees within the
meaning of Section 83 and in the absence of such advice we will assume that you
are not so related. We would also ask, should you become so related subsequent
to acknowledging this facility letter, that you immediately advise us in
writing.

These facilities will remain open for acceptance until the close of business on
1 August 2006 and if not accepted by that date will be deemed to have lapsed.

We are pleased to be of continued assistance.

Yours faithfully

/s/ Terence Li

Terence Li
Senior Vice President

/hc

Encl

                                           For and on behalf of
                                           Concord Camera HK Ltd

                                           /s/ Wong Kim Fai, Paul
                                           ----------------------

                                                                     Page 4 of 4

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