Document:

Exhibit
      10.2

    

    

    PROMISSORY
      NOTE

    

    
      	$100,000.00	January 18,
              2007

    

            

    FOR
      VALUE
      RECEIVED, the undersigned, VOIP, INC., a Texas corporation ("Debtor"), promises
      to pay to the order of CENTURION MICROCAP L.P., or its successors or assigns
      ("Lender"), on February 2, 2007 or on demand ("Maturity Date") at 3014
      Avenue L, Brooklyn, NY 11210, Fax: (718) 228-9570,
      or at
      such other place as the Lender may designate from time to time in writing to
      the
      Debtor, in lawful money of the United States of America, the principal sum
      of
      One Hundred Thousand Dollars ($100,000.00), together with interest on the unpaid
      principal balance of this Note from the date hereof until paid at twelve percent
      (12%) per annum. In the event of Debtor's default hereunder, interest on amounts
      past due pursuant to this Note shall be paid at a rate of eighteen percent
      (18%)
      per annum. Interest shall be computed on the basis of a 360-day
      year.

    

    The
      delay
      or failure to exercise any right hereunder shall not waive such right. The
      undersigned hereby waives demand, presentment, protest, notice of dishonor
      or
      nonpayment, notice of protest, any and all delays or lack of diligence in
      collection hereof and assents to each and every extension or postponement of
      the
      time of payment or other indulgence.

    

    The
      Lender may, at any time, present this Note or any sum payable hereunder to
      the
      Debtor in satisfaction of any sum due or payable by the Lender to Debtor for
      any
      reason whatsoever including but not limited to the payment for securities
      subscriptions. Lender will receive a credit of one hundred and ten percent
      (110%) of the amount payable hereunder against the purchase price for such
      securities subscriptions.

    

    In
      the
      event of default hereunder such that this Note is placed in the hands of an
      attorney for collection (whether or not suit is filed), or if this Note is
      collected by suit or legal proceedings or through bankruptcy proceedings, Debtor
      agrees to pay reasonable attorney’s fees and expenses of
      collection.

    

    This
      Note
      shall be governed by, and construed and interpreted in accordance with, the
      laws
      of the State of New York. Exclusive jurisdiction relating to this Note shall
      vest in courts located in New York State.

    

    IN
      WITNESS WHEREOF, the undersigned has duly executed and delivered this Note
      the
      date and year first above written.

     

    
       

      
        	 	 	 
	 	VOIP
                INC.
	 
 	 
 	 
 
	 	By:  	 
	 	
                
Name: Robert
                Staats
	 	Title:
                 Chief
                Accounting Officer

       

    

    

    ATTEST:Exhibit
      10.3

     

    PROMISSORY
      NOTE

    

    
      	$100,000.00	January 18,
              2007

    

            

    

    FOR
      VALUE
      RECEIVED, the undersigned, VOIP, INC., a Texas corporation ("Debtor"), promises
      to pay to the order of ELLIS INTERNATIONAL LTD., or its successors or assigns
      ("Lender"), on February 2, 2007 or on demand ("Maturity Date") at 53rd
      Street
      Urbanizacion Obarrio, Swiss Tower, 16th
      Floor,
      Panama, Republic of Panama, Fax: (516) 887-8990, or at such other place as
      the
      Lender may designate from time to time in writing to the Debtor, in lawful
      money
      of the United States of America, the principal sum of One Hundred Thousand
      Dollars ($100,000.00), together with interest on the unpaid principal balance
      of
      this Note from the date hereof until paid at twelve percent (12%) per annum.
      In
      the event of Debtor's default hereunder, interest on amounts past due pursuant
      to this Note shall be paid at a rate of eighteen percent (18%) per annum.
      Interest shall be computed on the basis of a 360-day year.

    

    The
      delay
      or failure to exercise any right hereunder shall not waive such right. The
      undersigned hereby waives demand, presentment, protest, notice of dishonor
      or
      nonpayment, notice of protest, any and all delays or lack of diligence in
      collection hereof and assents to each and every extension or postponement of
      the
      time of payment or other indulgence.

    

    The
      Lender may, at any time, present this Note or any sum payable hereunder to
      the
      Debtor in satisfaction of any sum due or payable by the Lender to Debtor for
      any
      reason whatsoever including but not limited to the payment for securities
      subscriptions. Lender will receive a credit of one hundred and ten percent
      (110%) of the amount payable hereunder against the purchase price for such
      securities subscriptions.

    

    In
      the
      event of default hereunder such that this Note is placed in the hands of an
      attorney for collection (whether or not suit is filed), or if this Note is
      collected by suit or legal proceedings or through bankruptcy proceedings, Debtor
      agrees to pay reasonable attorney’s fees and expenses of
      collection.

    

    This
      Note
      shall be governed by, and construed and interpreted in accordance with, the
      laws
      of the State of New York. Exclusive jurisdiction relating to this Note shall
      vest in courts located in New York State.

    

    IN
      WITNESS WHEREOF, the undersigned has duly executed and delivered this Note
      the
      date and year first above written.

     

    
       

      
        	 	 	 
	 	VOIP
                INC.
	 
 	 
 	 
 
	 	By:  	 
	 	
                
Name: Robert
                Staats
	 	Title:
                 Chief
                Accounting Officer

    

     

    
 

    ATTEST:

    

    

    __________________________________Unassociated Document

    Exhibit
      10.4

    

    PROMISSORY
      NOTE

     

    
      	$250,000.00	 	
              January
                26,
                2007

            

    

          

    FOR
      VALUE
      RECEIVED, the undersigned, VOIP, INC., a Texas corporation ("Debtor"), promises
      to pay to the order of BRISTOL INVESTMENT FUND, LTD., or its successors or
      assigns ("Lender"), on February 2, 2007 or on demand ("Maturity Date") at
      Caledonian Fund Services (Cayman) Limited, 69 Dr. Roy’s Drive, George Town,
      Grand Cayman, Cayman Islands, or at such other place as the Lender may designate
      from time to time in writing to the Debtor, in lawful money of the United States
      of America, the principal sum of Two Hundred Fifty Thousand Dollars
      ($250,000.00), together with interest on the unpaid principal balance of this
      Note from the date hereof until paid at twelve percent (12%) per annum. In
      the
      event of Debtor's default hereunder, interest on amounts past due pursuant
      to
      this Note shall be paid at a rate of eighteen percent (18%) per annum. Interest
      shall be computed on the basis of a 360-day year.

    

    The
      delay
      or failure to exercise any right hereunder shall not waive such right. The
      undersigned hereby waives demand, presentment, protest, notice of dishonor
      or
      nonpayment, notice of protest, any and all delays or lack of diligence in
      collection hereof and assents to each and every extension or postponement of
      the
      time of payment or other indulgence.

    

    The
      Lender may, at any time, present this Note or any sum payable hereunder to
      the
      Debtor in satisfaction of any sum due or payable by the Lender to Debtor for
      any
      reason whatsoever including but not limited to the payment for securities
      subscriptions.

    

    In
      the
      event of default hereunder such that this Note is placed in the hands of an
      attorney for collection (whether or not suit is filed), or if this Note is
      collected by suit or legal proceedings or through bankruptcy proceedings, Debtor
      agrees to pay reasonable attorney’s fees and expenses of
      collection.

    

    This
      Note
      shall be governed by, and construed and interpreted in accordance with, the
      laws
      of the State of New York. Exclusive jurisdiction relating to this Note shall
      vest in courts located in New York State.

    

    IN
      WITNESS WHEREOF, the undersigned has duly executed and delivered this Note
      the
      date and year first above written.

    
      	 	 	 
	 	 
	 	VOIP
              INC.
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name: Robert
              Staats
	 	Title:
               Chief
              Accounting Officer

    

     

    ATTEST:

     

    __________________________________Exhibit
      10.5

    

    January
      26, 2007

    

    VIA
      ELECTRONIC MAIL

    

    Robert
      Staats

    Chief
      Accounting Officer

    VoIP,
      Inc.

    151
      So.
      Wymore Rd., Suite 3000

    Altamonte
      Springs, Florida 32714

    

    
      	
            	Re:	
              Bridge
                Financing from Bristol Investment Fund,
                Ltd.

            

    

    

    Dear
      Mr.
      Staats:

    

    We
      represent Bristol Investment Fund, Ltd. (“Bristol”), a holder of convertible
      notes and warrants to purchase common stock of VoIP, Inc. (the “Company”). This
      letter shall set forth the agreement (the “Letter Agreement”) between Bristol
      and the Company with respect to Bristol’s intent to provide certain bridge loans
      (the “Bridge Loans”) to the Company on the terms and conditions set forth
      herein.

    

    The
      Bridge Loans shall be funded in two tranches, with the first tranche in the
      amount of $250,000 (the “First Bridge Loan”), which shall be documented in the
      form of a promissory note (the “First Note”) attached hereto as “Exhibit A -
      Form of First Note.” The
      second tranche of the Bridge Loans shall be in the amount of $250,000 (the
      “Second Bridge Loan”), which shall be documented in the form of a promissory
      note (the “Second Note”) attached hereto as “Exhibit B - Form of Second Note.”

    

    In
      consideration of Bristol immediately funding the Bridge Loans, the Company
      shall
      issue the following to Bristol: 

    

    
      	(i)  	
              5-year
                warrant with an exercise price of $0.475, in a form satisfactory
                to
                Bristol, for the purchase of 537,215 shares of common stock of the
                Company, to be delivered to Bristol within three days of the date
                of this
                Letter Agreement (the “First Warrant”);

            

    

    

    
      	(ii)  	
              5-year
                warrant with an exercise price of $0.475, in a form satisfactory
                to
                Bristol, for the purchase of a number of shares of common stock of
                the
                Company equal to 28.846143% (“Bristol’s Percentage”) of the total number
                of shares underlying warrants to be issued to holders of outstanding
                promissory notes pursuant to bridge loans made in November 2006,
                December
                2006 and January 2007 that resulted in the Company receiving a total
                of
                $866,667 (the “Prior Bridge Notes”) less the number of shares underlying
                the First Warrant, to be issued and delivered to Bristol on the same
                day
                that the warrants for the holders of the Prior Bridge Notes are issued;
                and

            

    

    

    
      	(iii)  	
              Shares
                of common stock of the Company equal to Bristol’s Percentage of the shares
                of common stock of the Company to be issued to the holders of the
                Prior
                Bridge Notes, to be delivered to Bristol within three days of the
                date
                that the Company obtains shareholder approval to increase its number
                of
                authorized shares of common stock.

            

    

    

    Any
      amounts due under the First Note (the “Total Due under First Note”) and the
      Second Note (the “Total Due under Second Note”) may be credited towards the
      purchase price of securities offered by the Company at a 10% premium to the
      Total Due under First Note and Total Due under Second Note.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Please
      sign below to indicate your acknowledgement and agreement to the terms outlined
      herein and return a signed copy of this Letter Agreement via facsimile to Amy
      Wang, Esq. at 866-234-7806. 

    

    Each
      party may sign identical counterparts of this Letter Agreement with the same
      effect as if the parties signed the same document. A copy of this Letter
      Agreement signed by a party and delivered by facsimile transmission or
      electronic transmission of a file in PDF format to the other party shall have
      the same effect as the delivery of an original of this Agreement containing
      the
      original signature of such party.

    

    The
      parties hereto have caused this Letter Agreement to be duly executed by their
      respective authorized signatories as of the date first indicated
      above.

    

    
      
        	VOIP, INC.	 	 	BRISTOL INVESTMENT FUND, LTD.
	 	 	 	 	 
	 	 	 	 	 
	By:	 	 	
                 By:

              	 
	 	
                
Name: Robert
                Staats	 	 	
                
Name: Paul
                Kessler
	 	Title: Chief
                Accounting Officer	 	 	Title: Director

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