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Tam · 01-25-2002, 07:56 PM

PART TWO:

THE VARADOX GROUP?S PLANS FOR A BETTER FUTURE

Varadox has a very strong corporate structure and we know we will be a determining force in the industry for a long time to come. We have a solid billing foundation and very strong presence with regulatory regimes in the US and with ICSTIS in Europe. We continue to build strong relationships with companies worldwide that will be involved with the new platforms we will be releasing within the next 90 days or so. These platforms are new and have not been used in the industry as of yet. These platforms will operate under similar payout structures as those you are used to, with recovery and revenue rates higher for UK and US, if all goes according to our plan.

With the new platforms we as a Company and you as the Broker should have new revenue opportunities in new billing settings, which will be designed not to have the same regulatory and single-supplier issues as the current 1-900 premium billing architecture.

Varadox also plans to be in control of the entire platform (either directly or by enforceable contracts), including billing, the network transport, payouts, security controls and working directly with regulatory regimes worldwide. We will aim not to be held at the mercy of other parties as is the case in the industry today.

Remember, in my opinion, the current disruption to the premium billing content distribution system over telecom is being driven by reactions by the Local Exchange Carriers and the various state and federal regulatory regimes due to what they conceive of as abuses of the system and of the end-user customers, and we are in turn reacting promptly to ensure that we (Varodox and its legitimate Broker community) receive all funds owed before a major melt-down happens in the 1-900 industry.

We also do not want to hurt any of our legitimate billing partners, and to preserve and enhance those relationships to feed our billing solutions for the new platforms we will be releasing to the best part of the Broker community, our honorable Brokers.

Finally, we have to and will continue to break the cheaters that destroy our industry as a whole and we will work directly with regulatory regimes so that our part of the industry is hyper-compliant with consumer protection regulations and responsive to regulatory concerns in order to do our part to ensure the dialer and premium rate subscription industry stays around for a long time so we can all make good money...

The last word

It is my regret that this has occurred, but I believe it to be best for all of us now, as once these areas are cleared up the new platforms will become a new and robust standard for along time to come, and the industry will be regulated correctly. Surfers won't get screwed and we?re all going to make solid money...

Don Eckardt

CEO

Varadox Communications Canada

Varadox Barbados Holdings

Varadox Barbados Opco 1 and Opco2

Varacom Inc Ireland

We welcome your questions and input by email only please to [email protected]

PS> We have attached the following copy of the Notice of Termination which has either been sent or will shortly be sent to Brokers with whom we have identified issues:

FOR SPECIFIC DELIVERY TO EACH BROKER INVOLVED:

Your Broker Agreement is hereby terminated with cause under section 5.0 thereof, by reason of breach of the following terms:

- cheating by sub-distributor(s) for which you are responsible, by automatically hitting up to seven (7) or sight (8) dialers from one IP address to Varadox?s premium service, in attempts to artificially inflate the number of commissionable minutes under the Broker agreements

- putting dialer links into unsolicited emails or advertisements, distributions of dialers via spam or unauthorized email in bulk

- auto?downloads in contravention of Broker agreement terms

- targeting of under-age end-users by sub-distributors

We formally point out the Indemnity under section 11 of the Broker agreement, under which Varadox may be entitled to bill you back for all damages suffered, in addition to the remedies specifically set out elsewhere in the contract. This course of action is under active consideration.

We also bring your attention to the rights within section 5.0, and in particular that Varadox has the right to set off all damages it has suffered against amounts you may be owed, as well as the right to cease compensation accrual as of and from the date of first non-compliance, regardless of when discovered. This is also being actively considered.

If you propose to re-enlist to participate in further Varadox offerings or services you will do so on the terms and conditions no less favorable to Varadox than the existing Broker Agreement, as that may be amended by Varadox, and only upon acceptance by Varadox of your application to re-enlist. This includes participation in the European-only interim dialer access, and access to future distribution and revenue programs.

Govern Yourself Accordingly

Varadox Group of Companies

Per: Don Eckardt

01-25-2002, 07:56 PM
Tam Confirmed User Industry Role: Join Date: Jan 2001 Location: In your face Posts: 8,488	PART TWO: THE VARADOX GROUP?S PLANS FOR A BETTER FUTURE Varadox has a very strong corporate structure and we know we will be a determining force in the industry for a long time to come. We have a solid billing foundation and very strong presence with regulatory regimes in the US and with ICSTIS in Europe. We continue to build strong relationships with companies worldwide that will be involved with the new platforms we will be releasing within the next 90 days or so. These platforms are new and have not been used in the industry as of yet. These platforms will operate under similar payout structures as those you are used to, with recovery and revenue rates higher for UK and US, if all goes according to our plan. With the new platforms we as a Company and you as the Broker should have new revenue opportunities in new billing settings, which will be designed not to have the same regulatory and single-supplier issues as the current 1-900 premium billing architecture. Varadox also plans to be in control of the entire platform (either directly or by enforceable contracts), including billing, the network transport, payouts, security controls and working directly with regulatory regimes worldwide. We will aim not to be held at the mercy of other parties as is the case in the industry today. Remember, in my opinion, the current disruption to the premium billing content distribution system over telecom is being driven by reactions by the Local Exchange Carriers and the various state and federal regulatory regimes due to what they conceive of as abuses of the system and of the end-user customers, and we are in turn reacting promptly to ensure that we (Varodox and its legitimate Broker community) receive all funds owed before a major melt-down happens in the 1-900 industry. We also do not want to hurt any of our legitimate billing partners, and to preserve and enhance those relationships to feed our billing solutions for the new platforms we will be releasing to the best part of the Broker community, our honorable Brokers. Finally, we have to and will continue to break the cheaters that destroy our industry as a whole and we will work directly with regulatory regimes so that our part of the industry is hyper-compliant with consumer protection regulations and responsive to regulatory concerns in order to do our part to ensure the dialer and premium rate subscription industry stays around for a long time so we can all make good money... The last word It is my regret that this has occurred, but I believe it to be best for all of us now, as once these areas are cleared up the new platforms will become a new and robust standard for along time to come, and the industry will be regulated correctly. Surfers won't get screwed and we?re all going to make solid money... Don Eckardt CEO Varadox Communications Canada Varadox Barbados Holdings Varadox Barbados Opco 1 and Opco2 Varacom Inc Ireland We welcome your questions and input by email only please to [email protected] PS> We have attached the following copy of the Notice of Termination which has either been sent or will shortly be sent to Brokers with whom we have identified issues: FOR SPECIFIC DELIVERY TO EACH BROKER INVOLVED: Your Broker Agreement is hereby terminated with cause under section 5.0 thereof, by reason of breach of the following terms: - cheating by sub-distributor(s) for which you are responsible, by automatically hitting up to seven (7) or sight (8) dialers from one IP address to Varadox?s premium service, in attempts to artificially inflate the number of commissionable minutes under the Broker agreements - putting dialer links into unsolicited emails or advertisements, distributions of dialers via spam or unauthorized email in bulk - auto?downloads in contravention of Broker agreement terms - targeting of under-age end-users by sub-distributors We formally point out the Indemnity under section 11 of the Broker agreement, under which Varadox may be entitled to bill you back for all damages suffered, in addition to the remedies specifically set out elsewhere in the contract. This course of action is under active consideration. We also bring your attention to the rights within section 5.0, and in particular that Varadox has the right to set off all damages it has suffered against amounts you may be owed, as well as the right to cease compensation accrual as of and from the date of first non-compliance, regardless of when discovered. This is also being actively considered. If you propose to re-enlist to participate in further Varadox offerings or services you will do so on the terms and conditions no less favorable to Varadox than the existing Broker Agreement, as that may be amended by Varadox, and only upon acceptance by Varadox of your application to re-enlist. This includes participation in the European-only interim dialer access, and access to future distribution and revenue programs. Govern Yourself Accordingly Varadox Group of Companies Per: Don Eckardt Last edited by Tam; 01-25-2002 at 08:36 PM..