Consulting Agreement Between Telenetics Corporation and Albert J. Moyer for Interim CEO Services

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Summary

Telenetics Corporation has appointed Albert J. Moyer as interim President and CEO, effective March 11, 2005, for up to three months. Mr. Moyer will receive $15,000 per month, paid in bi-monthly installments, and five-year options to buy up to 1,000,000 shares of Telenetics stock at $0.07 per share. The stock options will fully vest on June 9, 2005, and include piggyback registration rights.

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EX-10.1 2 telenetics_8kex10-1.txt EXHIBIT 10.1 DESCRIPTION OF CONSULTING ARRANGEMENT WITH ALBERT J. MOYER Effective March 11, 2005, Telenetics Corporation appointed Albert J. Moyer as interim President and Chief Executive Officer. The appointment is anticipated to last up to three months. Mr. Moyer's compensation is to be $15,000 per month, earned and payable in bi-monthly installments, plus five-year options to purchase up to 1,000,000 shares of Telenetics common stock at an exercise price of $0.07 share. The options are to vest in full on June 9, 2005 and bear piggyback registration rights.