This Agreement is made as of the 17th day of July, 2001 between Novo Networks Operating Corp., a Delaware
corporation, with offices at 300 Crescent Court, Suite 1760, Dallas, Texas 75201 (the "Company"), and Steven
R. Loglisci, an individual residing in the State of Texas (the "Employee").
WHEREAS, the Company desires to secure the services and employment of the Employee on behalf of the
Company, and the Employee desires to enter into employment with the Company, upon the terms and conditions
hereinafter set forth.
NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, the parties
hereto, each intending to be legally bound hereby, agree as follows:
1. Employment. The Company hereby employs the Employee as Chief Executive Officer of the Company, and
the Employee accepts such employment for the term of employment specified in Section 3 below. Except with
respect to AxisTel Communications, Inc., which shall be effective on July 27, 2001, effective immediately and
continuing during the Employment Term (as defined below), the Employee shall serve as Chief Executive Officer
of the Company,
e.Volve Technology Group, Inc., Novo Networks Global Services, Inc., and Novo Networks International
Services, Inc. (collectively, the "Companies"), performing such duties as shall be reasonably required of such an
employee of the Companies, and shall have such other powers and perform such other additional executive duties
as may from time to time be assigned to him by the Board of Directors of the Companies. The Company
acknowledges that the Employee's primary place of business shall be Dallas, Texas.
2. Performance. The Employee will serve the Companies faithfully and to the best of his ability and will devote
substantially all of his time, energy, experience and talents during regular business hours and as otherwise
reasonably necessary to such employment, to the exclusion of all other business activities.
3. Employment Ter