Telenetics
Your Communications Partner www.telenetics.com
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April 28, 2000
To: Bob Klamt
Re: Consulting Agreement
Dear Bob:
As we discussed last week and mutually agreed, you are joining us as a part-time
consultant with the general task of Program Management and other related
responsibilities. Your effective start date was April 11, 2000.
Your compensation for work performed and to be performed is calculated at $150
an hour. You will invoice us for all your billable hours on the first working
day of each month. As we agreed, 50% of your invoices will be paid in cash. The
balance of each invoice will be paid with shares of common stock of Telenetics
by dividing the amount of the balance by the closing price of the stock on the
first working day of each month.
We agree that this consulting relationship may be terminated by either party at
any time. We have also agreed that your relationship with Telenetics is covered
by our standard non-disclosure agreement, which will be signed separately.
I look forward to working with you in your new position and as a member of our
senior management team and to a mutually rewarding relationship.
Sincerely yours,
/S/ Michael A. Armani
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Michael A. Armani
Chief Executive Officer
ACCEPTED AND AGREED to
this 2nd day of May, 2000
/S/ Bob Klamt
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Bob Klamt
Don Johnson
Offer Letter
September 15, 1999
Telenetics Corporation * 25111 Arctic Ocean * Lake Forest, CA 92630 *
(949) 455-4000 * Fax (949) 455-4010
