Document:

EXHIBIT
      10.1

     

    WARRANT
      TO PURCHASE COMMON STOCK

     

    THIS
      WARRANT AND THE SECURITIES ISSUABLE HEREUNDER HAVE NOT BEEN REGISTERED UNDER
      THE
      SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. THEY MAY
      NOT
      BE SOLD, OFFERED FOR SALE, PLEDGED OR OTHERWISE TRANSFERRED IN THE ABSENCE
      OF AN
      EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND ANY APPLICABLE STATE
      SECURITIES LAWS OR THE AVAILABILITY OF AN EXEMPTION FROM REGISTRATION UNDER
      SUCH
      ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

     

    
      	
              Number
                of Shares:

            	
              Up
                to [ ] shares (subject to adjustment)

            
	
              Warrant
                Price:

            	
              $                            
                per share

            
	
              Issuance
                Date:

            	
              December
                7, 2006

            
	
              Expiration
                Date:

            	
              December
                6, 2013

            

    

     

    THIS
      WARRANT CERTIFIES THAT
      for
      value received, [                            
       ]
      or its
      registered assigns (hereinafter called the “Holder”)
      is
      entitled to purchase from VoIP, Inc. (hereinafter called the “Company”),
      the
      above referenced number of fully paid and nonassessable shares (the
“Shares”)
      of
      common stock (the “Common
      Stock”),
      of
      Company, at the Warrant Price per Share referenced above; the number of shares
      purchasable upon exercise of this Warrant referenced above being subject to
      adjustment from time to time as described herein. This Warrant is issued in
      connection with that certain Agreement dated October 18, 2006, between the
      Company and the Holder.

     

    1.    
      Term
      and Exercise.

     

    1.1  
      Term.
      This
      Warrant is exercisable in whole or in part (but not as to any fractional share
      of Common Stock), at any time and from time to time after the date hereof prior
      to 5:00 p.m. on the Expiration Date set forth above. 

     

    1.2  
      Warrant
      Price.
      The
      Warrant shall be exercisable at the Warrant Price described above. 

     

    1.3  
      Maximum
      Number of Shares.
      The
      maximum number of Shares of Common Stock exercisable pursuant to this Warrant
      as
      set forth above. However, notwithstanding anything herein to the contrary,
      in no
      event shall the Holder be permitted to exercise this Warrant for a number of
      Shares greater than the number that would cause the aggregate beneficial
      ownership of the Company’s Common Stock (calculated pursuant to Rule 13d-3 of
      the Securities Exchange Act of 1934, as amended) of (a) the Holder and its
      affiliates to equal 9.99% of
      the
      Company’s Common Stock then outstanding. 

     

    1.4  
      Procedure
      for Exercise of Warrant.
      Holder
      may exercise this Warrant by delivering the following to the principal office
      of
      the Company in accordance with Section 5.1 hereof: (i) a duly executed
      Notice of Exercise in substantially the form attached as Schedule A,
      (ii) payment of the Warrant Price then in effect for each of the Shares
      being purchased, as designated in the Notice of Exercise, and (iii) this
      Warrant. Payment of the Warrant Price may be in cash, certified or official
      bank
      check payable to the order of the Company, or wire transfer of funds to the
      Company’s account (or any combination of any of the foregoing) in the amount of
      the Warrant Price for each share being purchased. 

     

    1.5  
      Cashless
      Exercise. If
      the
      Fair Market Value of one share of Common Stock is greater than the Purchase
      Price (at the date of calculation as set forth below), in lieu of exercising
      this Warrant for cash, the holder may elect to receive shares equal to the
      value
      (as determined below) of this Warrant (or the portion thereof being cancelled)
      by surrender of this Warrant at the principal office of the Company together
      with the properly endorsed Subscription Form in which event the Company shall
      issue to the holder a number of shares of Common Stock computed using the
      following formula:

     

    X=Y
      (A-B)

        A

    

    Where X= the
      number of shares of Common Stock to be issued to the holder

    

    
      	 	
              Y=

            	
              the
                number of shares of Common Stock purchasable under the Warrant or,
                if only
                a portion of the Warrant is being exercised, the portion of the Warrant
                being exercised (at the date of such
                calculation)

            

    

     

    
      	 	
              A=

            	
              the
                Fair Market Value of one share of the Company’s Common Stock (at the date
                of such calculation)

            

    

     

    
      	 	
              B=

            	
              Purchase
                Price (as adjusted to the date of such calculation)For
                purposes of Rule 144 promulgated under the 1933 Act, it is intended,
                understood and acknowledged that the Warrant Shares issued in a cashless
                exercise transaction shall be deemed to have been acquired by the
                Holder,
                and the holding period for the Warrant Shares shall be deemed to
                have
                commenced, on the date this Warrant was originally issued pursuant
                to the
                Subscription Agreement.

            

    

     

    1.6  
      Delivery
      of Certificate and New Warrant.
      In the
      event of any exercise of the rights represented by this Warrant, a certificate
      or certificates for the shares of Common Stock so purchased, registered in
      the
      name of the Holder or such other name or names as may be designated by the
      Holder, together with any other securities or other property which the Holder
      is
      entitled to receive upon exercise of this Warrant, shall be delivered to the
      Holder hereof, at the Company’s expense, within a reasonable time after the
      rights represented by this Warrant shall have been so exercised; and, unless
      this Warrant has expired, a new Warrant representing the number of Shares
      (except a remaining fractional share), if any, with respect to which this
      Warrant shall not then have been exercised shall also be issued to the Holder
      hereof within such time. The person in whose name any certificate for shares
      of
      Common Stock is issued upon exercise of this Warrant shall for all purposes
      be
      deemed to have become the holder of record of such shares on the date on which
      the Warrant was surrendered and payment of the Warrant Price was received by
      the
      Company, irrespective of the date of delivery of such certificate, except that,
      if the date of such surrender and payment is on a date when the stock transfer
      books of the Company are closed, such person shall be deemed to have become
      the
      holder of such Shares at the close of business on the next succeeding date
      on
      which the stock transfer books are open.

     

    
      
        
        

      

      
        A-1

        
          

        

      

      
        
        

      

    

     

    1.7  
      Restrictive
      Legend.
      Each
      certificate for Shares shall bear a restrictive legend in substantially the
      form
      as follows, together with any additional legend required by (i) any
      applicable state securities laws and (ii) any securities exchange upon
      which such Shares may, at the time of such exercise, be listed:

     

    The
      shares of stock evidenced by this certificate have not been registered under
      the
      U.S. Securities Act of 1933, as amended, and may not be offered, sold, pledged
      or otherwise transferred ("transferred") in the absence of such registration
      or
      an applicable exemption therefrom. In the absence of such registration, such
      shares may not be transferred unless, if the Company requests, the Company
      has
      received a written opinion from counsel in form and substance satisfactory
      to
      the Company stating that such transfer is being made in compliance with all
      applicable federal and state securities laws.

     

    Any
      certificate issued at any time in exchange or substitution for any certificate
      bearing such legend shall also bear such legend unless, in the opinion of
      counsel for the Holder thereof (which counsel shall be reasonably satisfactory
      to the Company), the securities represented thereby are not, at such time,
      required by law to bear such legend.

     

    1.8  
      Fractional
      Shares.
      No
      fractional Shares shall be issuable upon exercise or conversion of the Warrant.
      In the event of a fractional interest, the number of Shares to be issued shall
      be rounded down to the nearest whole Share. 

     

    2.    
      Representations,
      Warranties and Covenants.

     

    2.1  
      Representations
      and Warranties.

     

    (a)  
      The
      Company is a corporation duly organized, validly existing and in good standing
      under the laws of its state of incorporation and has all necessary power and
      authority to perform its obligations under this Warrant;

     

    (b)  
      The
      execution, delivery and performance of this Warrant has been duly authorized
      by
      all necessary actions on the part of the Company and constitutes the legal,
      valid and binding obligation of the Company, enforceable against the Company
      in
      accordance with its terms; and

     

    (c)  
      This
      Warrant does not violate and is not in conflict with any of the provisions
      of
      the Company’s Articles of Incorporation or Certificate of Determination, Bylaws
      and any resolutions of the Company’s Board of Directors or stockholders, or any
      agreement of the Company, and no event has occurred and no condition or
      circumstance exists that might (with or without notice or lapse of time)
      constitute or result directly or indirectly in such a violation or
      conflict.

     

    2.2  
      Issuance
      of Shares.
      The
      Company covenants and agrees that all shares of Common Stock that may be issued
      upon the exercise of the rights represented by this Warrant will, upon issuance,
      be validly issued, fully paid and nonassessable, and free from all taxes, liens
      and charges with respect to the issue thereof. The Company further covenants
      and
      agrees that it will pay when due and payable any and all federal and state
      taxes
      which may be payable in respect of the issue of this Warrant or any Common
      Stock
      or certificates therefor issuable upon the exercise of this Warrant. The Company
      represents that as of the issuance date of this Warrant, the Company does not
      have a sufficient number of shares of Common Stock to provide for the exercise
      in full of the rights represented by this Warrant. The Company undertakes,
      subject to the limitations set forth in Section 1.3 hereto, to take all such
      corporate action as may be deemed necessary or advisable to increase the number
      of its authorized shares of Common Stock as shall be sufficient to permit the
      exercise of the Warrant in full, subject to the limitations set forth in Section
      1.3 hereto, including without limitation, using its best efforts to obtain
      any
      necessary stockholder approval of such increase. The Company further covenants
      and agrees that if any shares of capital stock to be reserved for the purpose
      of
      the issuance of shares upon the exercise of this Warrant require registration
      with or approval of any governmental authority under any federal or state law
      before such shares may be validly issued or delivered upon exercise, then the
      Company will in good faith use its best efforts to endeavor to secure such
      registration or approval as soon as reasonably practical, as the case may be.
      If
      and so long as the Common Stock issuable upon the exercise of this Warrant
      is
      listed on any national securities exchange or the Nasdaq Stock Market, the
      Company will, if permitted by the rules of such exchange or market, list and
      keep listed on such exchange or market, upon official notice of issuance, all
      shares of such Common Stock issuable upon exercise of this Warrant.

     

    2.3   Registration
      of Warrant Shares. The
      Company at its sole cost and expense will use its best efforts to file a
      registration statement with the United States Securities and Exchange Commission
      registering the Warrant Shares as soon as reasonably practical.

     

    3.     
      Other
      Adjustments.

     

    3.1  
      Subdivision
      or Combination of Shares.
      In case
      the Company shall at any time subdivide its outstanding Common Stock into a
      greater number of shares, the Warrant Price in effect immediately prior to
      such
      subdivision shall be proportionately reduced, and the number of Shares subject
      to this Warrant shall be proportionately increased, and conversely, in case
      the
      outstanding Common Stock of the Company shall be combined into a smaller number
      of shares, the Warrant Price in effect immediately prior to such combination
      shall be proportionately increased, and the number of Shares subject to this
      Warrant shall be proportionately decreased.

     

    3.2  
      Dividends
      in Common Stock, Other Stock or Property.
      If at
      any time or from time to time the holders of Common Stock (or any shares of
      stock or other securities at the time receivable upon the exercise of this
      Warrant) shall have received or become entitled to receive, without payment
      therefor:

     

    (a)  
      Common
      Stock, Options or any shares or other securities which are at any time directly
      or indirectly convertible into or exchangeable for Common Stock, or any rights
      or options to subscribe for, purchase or otherwise acquire any of the foregoing
      by way of dividend or other distribution;

     

    (b)  
      any
      cash
      paid or payable otherwise than as a regular cash dividend; or

     

    (c)  
      Common
      Stock or additional shares or other securities or property (including cash)
      by
      way of spin-off, split-up, reclassification, combination of shares or similar
      corporate rearrangement (other than Common Stock issued as a stock split or
      adjustments in respect of which shall be covered by the terms of Section 3.1
      above) and additional shares, other securities or property issued in connection
      with a Change (as defined below) (which shall be covered by the terms of Section
      3.4 below), then and in each such case, the Holder hereof shall, upon the
      exercise of this Warrant, be entitled to receive, in addition to the number
      of
      shares of Common Stock receivable thereupon, and without payment of any
      additional consideration therefor, the amount of stock and other securities
      and
      property (including cash in the cases referred to in clause (b) above and this
      clause (c)) which such Holder would hold on the date of such exercise had such
      Holder been the holder of record of such Common Stock as of the date on which
      holders of Common Stock received or became entitled to receive such shares
      or
      all other additional stock and other securities and property.

     

    3.3  
      Reorganization,
      Reclassification, Consolidation, Merger or Sale.
      If
      any
      recapitalization, reclassification or reorganization of the share capital of
      the
      Company, or any consolidation or merger of the Company with another corporation,
      or the sale of all or substantially all of its shares and/or assets or other
      transaction (including, without limitation, a sale of substantially all of
      its
      assets followed by a liquidation) shall be effected in such a way that holders
      of Common Stock shall be entitled to receive shares, securities or other assets
      or property (a “Change”),
      then,
      as a condition of such Change, lawful and adequate provisions shall be made
      by
      the Company whereby the Holder hereof shall thereafter have the right to
      purchase and receive (in lieu of the Common Stock of the Company immediately
      theretofore purchasable and receivable upon the exercise of the rights
      represented hereby) such shares, securities or other assets or property as
      may
      be issued or payable with respect to or in exchange for the number of
      outstanding Common Stock which such Holder would have been entitled to receive
      had such Holder exercised this Warrant immediately prior to the consummation
      of
      such Change. The Company or its successor shall promptly issue to Holder a
      new
      Warrant for such new securities or other property. The new Warrant shall provide
      for adjustments which shall be as nearly equivalent as may be practicable to
      give effect to the adjustments provided for in this Section 3 including, without
      limitation, adjustments to the Warrant Price and to the number of securities
      or
      property issuable upon exercise of the new Warrant. The provisions of this
      Section 3.3 shall similarly apply to successive Changes. 

     

    
      
        
        

      

      
        A-2

        
          

        

      

      
        
        

      

    

     

    4.     
      Ownership
      and Transfer.

     

    4.1  
      Ownership
      of This Warrant.
      The
      Company may deem and treat the person in whose name this Warrant is registered
      as the holder and owner hereof (notwithstanding any notations of ownership
      or
      writing hereon made by anyone other than the Company) for all purposes and
      shall
      not be affected by any notice to the contrary until presentation of this Warrant
      for registration of transfer as provided in this Section 4.

     

    4.2  
      Transfer
      and Replacement.
      This
      Warrant and all rights hereunder are transferable in whole or in part upon
      the
      books of the Company by the Holder hereof in person or by duly authorized
      attorney, and a new Warrant or Warrants, of the same tenor as this Warrant
      but
      registered in the name of the transferee or transferees (and in the name of
      the
      Holder, if a partial transfer is effected) shall be made and delivered by the
      Company upon surrender of this Warrant duly endorsed, at the office of the
      Company in accordance with Section 5.1 hereof. Upon receipt by the Company
      of
      evidence reasonably satisfactory to it of the loss, theft or destruction, and,
      in such case, of indemnity or security reasonably satisfactory to it, and upon
      surrender of this Warrant if mutilated, the Company will make and deliver a
      new
      Warrant of like tenor, in lieu of this Warrant; provided that if the Holder
      hereof is an instrumentality of a state or local government or an institutional
      holder or a nominee for such an instrumentality or institutional holder an
      irrevocable agreement of indemnity by such Holder shall be sufficient for all
      purposes of this Warrant, and no evidence of loss or theft or destruction shall
      be necessary. This Warrant shall be promptly cancelled by the Company upon
      the
      surrender hereof in connection with any transfer or replacement. Except as
      otherwise provided above, in the case of the loss, theft or destruction of
      a
      Warrant, the Company shall pay all expenses, taxes and other charges payable
      in
      connection with any transfer or replacement of this Warrant, other than income
      taxes and stock transfer taxes (if any) payable in connection with a transfer
      of
      this Warrant, which shall be payable by the Holder. Holder will not transfer
      this Warrant and the rights hereunder except in compliance with federal and
      state securities laws and except after providing evidence of such compliance
      reasonably satisfactory to the Company.

     

    5.     
      Miscellaneous
      Provisions.

     

    5.1  
      Notices.
      Any
      notice or other document required or permitted to be given or delivered to
      the
      Holder shall be delivered or forwarded to the Holder, in care of ************,
      Facsimile No. *******,
      or to
      such other address or number as shall have been furnished to the Company in
      writing by the Holder. Any notice or other document required or permitted to
      be
      given or delivered to the Company shall be delivered or forwarded to the Company
      at
      151
      So. Wymore Rd., Suite 3000, Altamonte Springs, Florida 32714
      Attn:
      Robert Staats, Chief Accounting Officer, Facsimile No. 407-389-3233, or
      to
      such other address or number as shall have been furnished to Holder in writing
      by the Company. 

     

    5.2  
      All
      notices, requests and approvals required by this Warrant shall be in writing
      and
      shall be conclusively deemed to be given (i) when hand-delivered to the other
      party, (ii) when received if sent by facsimile at the address and number set
      forth above; provided that notices given by facsimile shall not be effective,
      unless either (a) a duplicate copy of such facsimile notice is promptly given
      by
      depositing the same in the mail, postage prepaid and addressed to the party
      as
      set forth below or (b) the receiving party delivers a written confirmation
      of
      receipt for such notice by any other method permitted under this paragraph;
      and
      further provided that any notice given by facsimile received after 5:00 p.m.
      (recipient’s time) or on a non-business day shall be deemed received on the next
      business day; (iii) five (5) business days after deposit in the United States
      mail, certified, return receipt requested, postage prepaid, and addressed to
      the
      party as set forth below; or (iv) the next business day after deposit with
      an
      international overnight delivery service, postage prepaid, addressed to the
      party as set forth below with next business day delivery guaranteed; provided
      that the sending party receives confirmation of delivery from the delivery
      service provider.

     

    5.3  
      No
      Rights as Shareholder; Limitation of Liability.
      This
      Warrant shall not entitle the Holder to any of the rights of a shareholder
      of
      the Company except upon exercise in accordance with the terms hereof. No
      provision hereof, in the absence of affirmative action by the Holder to purchase
      shares of Common Stock, and no mere enumeration herein of the rights or
      privileges of the Holder, shall give rise to any liability of the Holder for
      the
      Warrant Price hereunder or as a shareholder of the Company, whether such
      liability is asserted by the Company or by creditors of the
      Company.

     

    5.4  
      Governing
      Law.
      This
      Warrant shall be governed by and construed in accordance with the laws of the
      State of Texas.

     

    5.5  
      Binding
      Effect on Successors.
      This
      Warrant shall be binding upon any corporation succeeding the Company by merger,
      consolidation or acquisition of all or substantially all of the Company’s assets
      and/or securities. All of the obligations of the Company relating to the Shares
      issuable upon the exercise of this Warrant shall survive the exercise and
      termination of this Warrant. All of the covenants and agreements of the Company
      shall inure to the benefit of the successors and assigns of the
      Holder.

     

    5.6  
      Waiver,
      Amendments and Headings.
      This
      Warrant and any provision hereof may be changed, waived, discharged or
      terminated only by an instrument in writing signed by both parties (either
      generally or in a particular instance and either retroactively or
      prospectively). The headings in this Warrant are for purposes of reference
      only
      and shall not affect the meaning or construction of any of the provisions
      hereof. 

     

    5.7  
      Jurisdiction.
      Each of
      the parties irrevocably agrees that any and all suits or proceedings based
      on or
      arising under this Agreement may be brought only in and shall be resolved in
      the
      federal or state courts located in Orange
      County, Florida and consents to the jurisdiction of such courts for such
      purpose. Each of the parties irrevocably waives the defense of an inconvenient
      forum to the maintenance of such suit or proceeding in any such court. Each
      of
      the parties further agrees that service of process upon such party mailed by
      first class mail to the address set forth in Section 5.1 shall be deemed in
      every respect effective service of process upon such party in any such suit
      or
      proceeding. Nothing herein shall affect the right of either party
      to serve
      process in any other manner permitted by law. Each of the parties agrees that
      a
      final non-appealable judgment in any such suit or proceeding shall be conclusive
      and may be enforced in other jurisdictions by suit on such judgment or in any
      other lawful manner. 

     

    5.8  
      Attorneys'
      Fees and Disbursements.
      If any
      action at law or in equity is necessary to enforce or interpret the terms of
      this Agreement, the prevailing party or parties shall be entitled to receive
      from the other party or parties reasonable attorneys’ fees and disbursements in
      addition to any other relief to which the prevailing party or parties may be
      entitled. 

     

    
      
        
        

      

      
        A-3

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF,
      the
      Company has caused this Warrant to be signed by its duly authorized officer
      this
      7th day of December, 2006.

    

    
      	
              COMPANY:

            	
               

              VOIP,
                INC. 

               

              By                                                                                 
                      

               

              Print
                Name: Anthony
                Cataldo                                      
                

               

              Title:
                Chief
                Executive
                Officer                                      

            

    

    

    
      
        
        

      

      
        A-4

        
          

        

      

      
        
        

      

    

    SCHEDULE
      A

    

    FORM
      OF NOTICE OF EXERCISE

    

    [To
      be signed only upon exercise of the Warrant]

    

    TO
      BE EXECUTED BY THE REGISTERED HOLDER

    TO
      EXERCISE THE WITHIN WARRANT

    

    

    The
      undersigned hereby elects to purchase _______ shares of Common Stock (the
“Shares”) of VoIP, Inc. under the Warrant to Purchase Common Stock
      dated_____________, 2006, which the undersigned is entitled to purchase pursuant
      to the terms of such Warrant. The undersigned has delivered $_________, the
      aggregate Warrant Price for _____ Shares purchased herewith, in full in cash
      or
      by certified or official bank check or wire transfer, or has elected to
      undertake a cashless exercise in accordance with the attached calculations
      subject to review and verification by VoIP, Inc.. 

    

    Please
      issue a certificate or certificates representing such shares of Common Stock
      in
      the name of the undersigned or in such other name as is specified below and
      in
      the denominations as is set forth below:

     

      
        

      

    

    [Type
      Name of Holder as it should appear on the stock certificate]

     

    
      

    

    [Requested
      Denominations - if no denomination is specified, a single certificate will
      be
      issued]

     

    The
      initial address of such Holder to be entered on the books of Company shall
      be:

     

    
      
 

      

    

     

    
      

    

     

    The
      undersigned hereby represents and warrants that the undersigned is acquiring
      such shares for his own account for investment purposes only, and not for resale
      or with a view to distribution of such shares or any part thereof.

     

    

     

    
      	 	
              By:                                                                                  
                     

               

              Print
                Name:                                                                
                        

               

              Title:                                                                                     
                

               

              Dated:                                                                                  
                

            

    

     

    
      
        
        

      

      
        A-5

        
          

        

      

      
        
        

      

    

     

    FORM
      OF ASSIGNMENT

    (ENTIRE)

    

    [To
      be signed only upon transfer of entire Warrant]

    

    TO
      BE EXECUTED BY THE REGISTERED HOLDER

    TO
      TRANSFER THE WITHIN WARRANT

     

     

    FOR
      VALUE RECEIVED
      ___________________________ hereby sells, assigns and transfers unto
      _______________________________ all rights of the undersigned under and pursuant
      to the within Warrant, and the undersigned does hereby irrevocably constitute
      and appoint _____________________ Attorney to transfer the said Warrant on
      the
      books of ________ _________, with full power of substitution.

     

     

     

     

                                                                                         
                        

    [Type
      Name
      of Holder]

     

     

    By:                                                               
                

    Title:                                
                                             

    
    

    Dated:                                                                        

     

     

    NOTICE

     

    The
      signature to the foregoing Assignment must correspond exactly to the name as
      written upon the face of the within Warrant, without alteration or enlargement
      or any change whatsoever.

    

    
      
        
        

      

      
        A-6

        
          

        

      

      
        
        

      

    

     

    FORM
      OF ASSIGNMENT

    (PARTIAL)

    

    [To
      be signed only upon partial transfer of Warrant]

    

    TO
      BE EXECUTED BY THE REGISTERED HOLDER

    TO
      TRANSFER THE WITHIN WARRANT

    

    

     

    FOR
      VALUE
      RECEIVED ___________________________ hereby sells, assigns and transfers unto
      ____________________________ (i) the rights of the undersigned to purchase
      ____________________ shares of Common Stock under and pursuant to the within
      Warrant, and (ii) on a non-exclusive basis, all other rights of the
      undersigned under and pursuant to the within Warrant, it being understood that
      the undersigned shall retain, severally (and not jointly) with the transferee(s)
      named herein, all rights assigned on such non-exclusive basis. The undersigned
      does hereby irrevocably constitute and appoint __________________________
      Attorney to transfer the said Warrant on the books of VoIP, Inc., with full
      power of substitution.

    

     

     

    
      
                                                                                             
                            

        [Type
          Name
          of Holder]

         

         

        By:                                                               
                    

        Title:                                
                                                 

        Dated:                                                                        

         

      

    

    NOTICE

     

    The
      signature to the foregoing Assignment must correspond exactly to the name as
      written upon the face of the within Warrant, without alteration or enlargement
      or any change whatsoever.

     

    
      
        
        

      

      
        A-7EXHIBIT
      10.2

     

    WARRANT
      TO PURCHASE COMMON STOCK

     

    THIS
      WARRANT AND THE SECURITIES ISSUABLE HEREUNDER HAVE NOT BEEN REGISTERED UNDER
      THE
      SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. THEY MAY
      NOT
      BE SOLD, OFFERED FOR SALE, PLEDGED OR OTHERWISE TRANSFERRED IN THE ABSENCE
      OF AN
      EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND ANY APPLICABLE STATE
      SECURITIES LAWS OR THE AVAILABILITY OF AN EXEMPTION FROM REGISTRATION UNDER
      SUCH
      ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

     

    
      	
              Number
                of Shares:

            	
              Up
                to [ ] shares (subject to adjustment)

            
	
              Warrant
                Price:

            	
              $                           
                per share

            
	
              Issuance
                Date:

            	
              December
                7, 2006

            
	
              Expiration
                Date:

            	
              December
                6, 2013

            

    

     

    THIS
      WARRANT CERTIFIES THAT
      for
      value received, [                            
      ]
      or its
      registered assigns (hereinafter called the “Holder”)
      is
      entitled to purchase from VoIP, Inc. (hereinafter called the “Company”),
      the
      above referenced number of fully paid and nonassessable shares (the
“Shares”)
      of
      common stock (the “Common
      Stock”),
      of
      Company, at the Warrant Price per Share referenced above; the number of shares
      purchasable upon exercise of this Warrant referenced above being subject to
      adjustment from time to time as described herein. 

     

    1.    
      Term
      and Exercise.

     

    1.1  
      Term.
      This
      Warrant is exercisable in whole or in part (but not as to any fractional share
      of Common Stock), at any time and from time to time after the date hereof prior
      to 5:00 p.m. on the Expiration Date set forth above. 

     

    1.2  
      Warrant
      Price.
      The
      Warrant shall be exercisable at the Warrant Price described above. 

     

    1.3  
      Maximum
      Number of Shares.
      The
      maximum number of Shares of Common Stock exercisable pursuant to this Warrant
      as
      set forth above. However, notwithstanding anything herein to the contrary,
      in no
      event shall the Holder be permitted to exercise this Warrant for a number of
      Shares greater than the number that would cause the aggregate beneficial
      ownership of the Company’s Common Stock (calculated pursuant to Rule 13d-3 of
      the Securities Exchange Act of 1934, as amended) of (a) the Holder and its
      affiliates to equal 9.99% of
      the
      Company’s Common Stock then outstanding. 

     

    1.4  
      Procedure
      for Exercise of Warrant.
      Holder
      may exercise this Warrant by delivering the following to the principal office
      of
      the Company in accordance with Section 5.1 hereof: (i) a duly executed
      Notice of Exercise in substantially the form attached as Schedule A,
      (ii) payment of the Warrant Price then in effect for each of the Shares
      being purchased, as designated in the Notice of Exercise, and (iii) this
      Warrant. Payment of the Warrant Price may be in cash, certified or official
      bank
      check payable to the order of the Company, or wire transfer of funds to the
      Company’s account (or any combination of any of the foregoing) in the amount of
      the Warrant Price for each share being purchased. 

     

    1.5  
      Delivery
      of Certificate and New Warrant.
      In the
      event of any exercise of the rights represented by this Warrant, a certificate
      or certificates for the shares of Common Stock so purchased, registered in
      the
      name of the Holder or such other name or names as may be designated by the
      Holder, together with any other securities or other property which the Holder
      is
      entitled to receive upon exercise of this Warrant, shall be delivered to the
      Holder hereof, at the Company’s expense, within a reasonable time after the
      rights represented by this Warrant shall have been so exercised; and, unless
      this Warrant has expired, a new Warrant representing the number of Shares
      (except a remaining fractional share), if any, with respect to which this
      Warrant shall not then have been exercised shall also be issued to the Holder
      hereof within such time. The person in whose name any certificate for shares
      of
      Common Stock is issued upon exercise of this Warrant shall for all purposes
      be
      deemed to have become the holder of record of such shares on the date on which
      the Warrant was surrendered and payment of the Warrant Price was received by
      the
      Company, irrespective of the date of delivery of such certificate, except that,
      if the date of such surrender and payment is on a date when the stock transfer
      books of the Company are closed, such person shall be deemed to have become
      the
      holder of such Shares at the close of business on the next succeeding date
      on
      which the stock transfer books are open.

     

    1.6  
      Restrictive
      Legend.
      Each
      certificate for Shares shall bear a restrictive legend in substantially the
      form
      as follows, together with any additional legend required by (i) any
      applicable state securities laws and (ii) any securities exchange upon
      which such Shares may, at the time of such exercise, be listed:

     

    The
      shares of stock evidenced by this certificate have not been registered under
      the
      U.S. Securities Act of 1933, as amended, and may not be offered, sold, pledged
      or otherwise transferred ("transferred") in the absence of such registration
      or
      an applicable exemption therefrom. In the absence of such registration, such
      shares may not be transferred unless, if the Company requests, the Company
      has
      received a written opinion from counsel in form and substance satisfactory
      to
      the Company stating that such transfer is being made in compliance with all
      applicable federal and state securities laws.

     

    Any
      certificate issued at any time in exchange or substitution for any certificate
      bearing such legend shall also bear such legend unless, in the opinion of
      counsel for the Holder thereof (which counsel shall be reasonably satisfactory
      to the Company), the securities represented thereby are not, at such time,
      required by law to bear such legend.

     

    1.7  
      Fractional
      Shares.
      No
      fractional Shares shall be issuable upon exercise or conversion of the Warrant.
      In the event of a fractional interest, the number of Shares to be issued shall
      be rounded down to the nearest whole Share. 

     

    2.    
      Representations,
      Warranties and Covenants.

     

    2.1  
      Representations
      and Warranties.

     

    The
      Company is a corporation duly organized, validly existing and in good standing
      under the laws of its state of incorporation and has all necessary power and
      authority to perform its obligations under this Warrant;

     

    The
      execution, delivery and performance of this Warrant has been duly authorized
      by
      all necessary actions on the part of the Company and constitutes the legal,
      valid and binding obligation of the Company, enforceable against the Company
      in
      accordance with its terms; and

     

    This
      Warrant does not violate and is not in conflict with any of the provisions
      of
      the Company’s Articles of Incorporation or Certificate of Determination, Bylaws
      and any resolutions of the Company’s Board of Directors or stockholders, or any
      agreement of the Company, and no event has occurred and no condition or
      circumstance exists that might (with or without notice or lapse of time)
      constitute or result directly or indirectly in such a violation or
      conflict.

     

    
      
        
        

      

      
        B-1

        
          

        

      

      
        
        

      

    

     

    2.2  
      Issuance
      of Shares.
      The
      Company covenants and agrees that all shares of Common Stock that may be issued
      upon the exercise of the rights represented by this Warrant will, upon issuance,
      be validly issued, fully paid and nonassessable, and free from all taxes, liens
      and charges with respect to the issue thereof. The Company further covenants
      and
      agrees that it will pay when due and payable any and all federal and state
      taxes
      which may be payable in respect of the issue of this Warrant or any Common
      Stock
      or certificates therefor issuable upon the exercise of this Warrant. The Company
      represents that as of the issuance date of this Warrant, the Company does not
      have a sufficient number of shares of Common Stock to provide for the exercise
      in full of the rights represented by this Warrant. The Company undertakes,
      subject to the limitations set forth in Section 1.3 hereto, to take all such
      corporate action as may be deemed necessary or advisable to increase the number
      of its authorized shares of Common Stock as shall be sufficient to permit the
      exercise of the Warrant in full, subject to the limitations set forth in Section
      1.3 hereto, including without limitation, using its best efforts to obtain
      any
      necessary stockholder approval of such increase. The Company further covenants
      and agrees that if any shares of capital stock to be reserved for the purpose
      of
      the issuance of shares upon the exercise of this Warrant require registration
      with or approval of any governmental authority under any federal or state law
      before such shares may be validly issued or delivered upon exercise, then the
      Company will in good faith use its best efforts to endeavor to secure such
      registration or approval as soon as reasonably practical, as the case may be.
      If
      and so long as the Common Stock issuable upon the exercise of this Warrant
      is
      listed on any national securities exchange or the Nasdaq Stock Market, the
      Company will, if permitted by the rules of such exchange or market, list and
      keep listed on such exchange or market, upon official notice of issuance, all
      shares of such Common Stock issuable upon exercise of this Warrant.

     

    2.3  
      Registration
      of Warrant Shares. The
      Company at its sole cost and expense will use its best efforts to file a
      registration statement with the United States Securities and Exchange Commission
      registering the Warrant Shares as soon as reasonably practical.

     

    3.    
      Other
      Adjustments.

     

    3.1  
      Subdivision
      or Combination of Shares.
      In case
      the Company shall at any time subdivide its outstanding Common Stock into a
      greater number of shares, the Warrant Price in effect immediately prior to
      such
      subdivision shall be proportionately reduced, and the number of Shares subject
      to this Warrant shall be proportionately increased, and conversely, in case
      the
      outstanding Common Stock of the Company shall be combined into a smaller number
      of shares, the Warrant Price in effect immediately prior to such combination
      shall be proportionately increased, and the number of Shares subject to this
      Warrant shall be proportionately decreased.

     

    3.2  
      Dividends
      in Common Stock, Other Stock or Property.
      If at
      any time or from time to time the holders of Common Stock (or any shares of
      stock or other securities at the time receivable upon the exercise of this
      Warrant) shall have received or become entitled to receive, without payment
      therefor:

     

    Common
      Stock, Options or any shares or other securities which are at any time directly
      or indirectly convertible into or exchangeable for Common Stock, or any rights
      or options to subscribe for, purchase or otherwise acquire any of the foregoing
      by way of dividend or other distribution;

     

    any
      cash
      paid or payable otherwise than as a regular cash dividend; or

     

    Common
      Stock or additional shares or other securities or property (including cash)
      by
      way of spin-off, split-up, reclassification, combination of shares or similar
      corporate rearrangement (other than Common Stock issued as a stock split or
      adjustments in respect of which shall be covered by the terms of Section 3.1
      above) and additional shares, other securities or property issued in connection
      with a Change (as defined below) (which shall be covered by the terms of Section
      3.4 below), then and in each such case, the Holder hereof shall, upon the
      exercise of this Warrant, be entitled to receive, in addition to the number
      of
      shares of Common Stock receivable thereupon, and without payment of any
      additional consideration therefor, the amount of stock and other securities
      and
      property (including cash in the cases referred to in clause (b) above and this
      clause (c)) which such Holder would hold on the date of such exercise had such
      Holder been the holder of record of such Common Stock as of the date on which
      holders of Common Stock received or became entitled to receive such shares
      or
      all other additional stock and other securities and property.

     

    3.3  
      Reorganization,
      Reclassification, Consolidation, Merger or Sale.
      If
      any
      recapitalization, reclassification or reorganization of the share capital of
      the
      Company, or any consolidation or merger of the Company with another corporation,
      or the sale of all or substantially all of its shares and/or assets or other
      transaction (including, without limitation, a sale of substantially all of
      its
      assets followed by a liquidation) shall be effected in such a way that holders
      of Common Stock shall be entitled to receive shares, securities or other assets
      or property (a “Change”),
      then,
      as a condition of such Change, lawful and adequate provisions shall be made
      by
      the Company whereby the Holder hereof shall thereafter have the right to
      purchase and receive (in lieu of the Common Stock of the Company immediately
      theretofore purchasable and receivable upon the exercise of the rights
      represented hereby) such shares, securities or other assets or property as
      may
      be issued or payable with respect to or in exchange for the number of
      outstanding Common Stock which such Holder would have been entitled to receive
      had such Holder exercised this Warrant immediately prior to the consummation
      of
      such Change. The Company or its successor shall promptly issue to Holder a
      new
      Warrant for such new securities or other property. The new Warrant shall provide
      for adjustments which shall be as nearly equivalent as may be practicable to
      give effect to the adjustments provided for in this Section 3 including, without
      limitation, adjustments to the Warrant Price and to the number of securities
      or
      property issuable upon exercise of the new Warrant. The provisions of this
      Section 3.3 shall similarly apply to successive Changes. 

     

    4.    
      Ownership
      and Transfer.

     

    4.1 
      Ownership
      of This Warrant.
      The
      Company may deem and treat the person in whose name this Warrant is registered
      as the holder and owner hereof (notwithstanding any notations of ownership
      or
      writing hereon made by anyone other than the Company) for all purposes and
      shall
      not be affected by any notice to the contrary until presentation of this Warrant
      for registration of transfer as provided in this Section 4.

     

    4.2  
      Transfer
      and Replacement.
      This
      Warrant and all rights hereunder are transferable in whole or in part upon
      the
      books of the Company by the Holder hereof in person or by duly authorized
      attorney, and a new Warrant or Warrants, of the same tenor as this Warrant
      but
      registered in the name of the transferee or transferees (and in the name of
      the
      Holder, if a partial transfer is effected) shall be made and delivered by the
      Company upon surrender of this Warrant duly endorsed, at the office of the
      Company in accordance with Section 5.1 hereof. Upon receipt by the Company
      of
      evidence reasonably satisfactory to it of the loss, theft or destruction, and,
      in such case, of indemnity or security reasonably satisfactory to it, and upon
      surrender of this Warrant if mutilated, the Company will make and deliver a
      new
      Warrant of like tenor, in lieu of this Warrant; provided that if the Holder
      hereof is an instrumentality of a state or local government or an institutional
      holder or a nominee for such an instrumentality or institutional holder an
      irrevocable agreement of indemnity by such Holder shall be sufficient for all
      purposes of this Warrant, and no evidence of loss or theft or destruction shall
      be necessary. This Warrant shall be promptly cancelled by the Company upon
      the
      surrender hereof in connection with any transfer or replacement. Except as
      otherwise provided above, in the case of the loss, theft or destruction of
      a
      Warrant, the Company shall pay all expenses, taxes and other charges payable
      in
      connection with any transfer or replacement of this Warrant, other than income
      taxes and stock transfer taxes (if any) payable in connection with a transfer
      of
      this Warrant, which shall be payable by the Holder. Holder will not transfer
      this Warrant and the rights hereunder except in compliance with federal and
      state securities laws and except after providing evidence of such compliance
      reasonably satisfactory to the Company.

     

    
      
        
        

      

      
        B-2

        
          

        

      

      
        
        

      

    

     

    5.     
      Miscellaneous
      Provisions.

     

    5.1  
      Notices.
      Any
      notice or other document required or permitted to be given or delivered to
      the
      Holder shall be delivered or forwarded to the Holder, in care of Marjolein
      Imfeld, Haslenstrasse 15, 8903 Birmensdorf, Switzerland, Facsimile No.
      011-41-44-777-76-33, or to such other address or number as shall have been
      furnished to the Company in writing by the Holder. Any notice or other document
      required or permitted to be given or delivered to the Company shall be delivered
      or forwarded to the Company at
      151
      So. Wymore Rd., Suite 3000, Altamonte Springs, Florida 32714
      Attn:
      Robert Staats, Chief Accounting Officer, Facsimile No. 407-389-3233, or
      to
      such other address or number as shall have been furnished to Holder in writing
      by the Company. 

     

    5.2  
      All
      notices, requests and approvals required by this Warrant shall be in writing
      and
      shall be conclusively deemed to be given (i) when hand-delivered to the other
      party, (ii) when received if sent by facsimile at the address and number set
      forth above; provided that notices given by facsimile shall not be effective,
      unless either (a) a duplicate copy of such facsimile notice is promptly given
      by
      depositing the same in the mail, postage prepaid and addressed to the party
      as
      set forth below or (b) the receiving party delivers a written confirmation
      of
      receipt for such notice by any other method permitted under this paragraph;
      and
      further provided that any notice given by facsimile received after 5:00 p.m.
      (recipient’s time) or on a non-business day shall be deemed received on the next
      business day; (iii) five (5) business days after deposit in the United States
      mail, certified, return receipt requested, postage prepaid, and addressed to
      the
      party as set forth below; or (iv) the next business day after deposit with
      an
      international overnight delivery service, postage prepaid, addressed to the
      party as set forth below with next business day delivery guaranteed; provided
      that the sending party receives confirmation of delivery from the delivery
      service provider.

     

    5.3  
      No
      Rights as Shareholder; Limitation of Liability.
      This
      Warrant shall not entitle the Holder to any of the rights of a shareholder
      of
      the Company except upon exercise in accordance with the terms hereof. No
      provision hereof, in the absence of affirmative action by the Holder to purchase
      shares of Common Stock, and no mere enumeration herein of the rights or
      privileges of the Holder, shall give rise to any liability of the Holder for
      the
      Warrant Price hereunder or as a shareholder of the Company, whether such
      liability is asserted by the Company or by creditors of the
      Company.

     

    5.4  
      Governing
      Law.
      This
      Warrant shall be governed by and construed in accordance with the laws of the
      State of Texas.

     

    5.5  
      Binding
      Effect on Successors.
      This
      Warrant shall be binding upon any corporation succeeding the Company by merger,
      consolidation or acquisition of all or substantially all of the Company’s assets
      and/or securities. All of the obligations of the Company relating to the Shares
      issuable upon the exercise of this Warrant shall survive the exercise and
      termination of this Warrant. All of the covenants and agreements of the Company
      shall inure to the benefit of the successors and assigns of the
      Holder.

     

    5.6  
      Waiver,
      Amendments and Headings.
      This
      Warrant and any provision hereof may be changed, waived, discharged or
      terminated only by an instrument in writing signed by both parties (either
      generally or in a particular instance and either retroactively or
      prospectively). The headings in this Warrant are for purposes of reference
      only
      and shall not affect the meaning or construction of any of the provisions
      hereof. 

     

    5.7  
      Jurisdiction.
      Each of
      the parties irrevocably agrees that any and all suits or proceedings based
      on or
      arising under this Agreement may be brought only in and shall be resolved in
      the
      federal or state courts located in Orange County, Florida and consents to the
      jurisdiction of such courts for such purpose. Each of the parties irrevocably
      waives the defense of an inconvenient forum to the maintenance of such suit
      or
      proceeding in any such court. Each of the parties further agrees that service
      of
      process upon such party mailed by first class mail to the address set forth
      in
      Section 5.1 shall be deemed in every respect effective service of process
      upon such party in any such suit or proceeding. Nothing herein shall affect
      the
      right of either party
      to serve
      process in any other manner permitted by law. Each of the parties agrees that
      a
      final non-appealable judgment in any such suit or proceeding shall be conclusive
      and may be enforced in other jurisdictions by suit on such judgment or in any
      other lawful manner. 

     

    5.8  
      Attorneys'
      Fees and Disbursements.
      If any
      action at law or in equity is necessary to enforce or interpret the terms of
      this Agreement, the prevailing party or parties shall be entitled to receive
      from the other party or parties reasonable attorneys’ fees and disbursements in
      addition to any other relief to which the prevailing party or parties may be
      entitled. 

     

    IN
      WITNESS WHEREOF,
      the
      Company has caused this Warrant to be signed by its duly authorized officer
      this
      7th day of December, 2006.

    
      

      
        	
                COMPANY:

              	
                 

                VOIP,
                  INC. 

                 

                By                                                                                 
                        

                 

                Print
                  Name: Anthony
                  Cataldo                                      
                  

                 

                Title:
                  Chief
                  Executive
                  Officer                                      

              

      

       

    

    
      
        
        

      

      
        B-3

        
          

        

      

      
        
        

      

    

    SCHEDULE
      A

    

    FORM
      OF NOTICE OF EXERCISE

    

    [To
      be signed only upon exercise of the Warrant]

    

    TO
      BE EXECUTED BY THE REGISTERED HOLDER

    TO
      EXERCISE THE WITHIN WARRANT

    

    

    The
      undersigned hereby elects to purchase _______ shares of Common Stock (the
“Shares”) of VoIP, Inc. under the Warrant to Purchase Common Stock dated
      December 7, 2006, which the undersigned is entitled to purchase pursuant to
      the
      terms of such Warrant. The undersigned has delivered $_________, the aggregate
      Warrant Price for _____ Shares purchased herewith, in full in cash or by
      certified or official bank check or wire transfer. 

    

    Please
      issue a certificate or certificates representing such shares of Common Stock
      in
      the name of the undersigned or in such other name as is specified below and
      in
      the denominations as is set forth below:

    
       

        
          

        

      

      [Type
        Name of Holder as it should appear on the stock certificate]

       

      
        

      

      [Requested
        Denominations - if no denomination is specified, a single certificate will
        be
        issued]

       

      The
        initial address of such Holder to be entered on the books of Company shall
        be:

       

      
        
 

        

      

       

      
        

      

    

     

    The
      undersigned hereby represents and warrants that the undersigned is acquiring
      such shares for his own account for investment purposes only, and not for resale
      or with a view to distribution of such shares or any part thereof.

     

    
      
        	 	
                By:                                                                                  
                       

                 

                Print
                  Name:                                                                
                          

                 

                Title:                                                                                     
                  

                 

                Dated:                                                                                  
                  

              

      

       

      
        
          
          

        

        
          B-4

          
            

          

        

        
          
          

        

      

    

    FORM
      OF ASSIGNMENT

    (ENTIRE)

    

    [To
      be signed only upon transfer of entire Warrant]

    

    TO
      BE EXECUTED BY THE REGISTERED HOLDER

    TO
      TRANSFER THE WITHIN WARRANT

    

    

     

    FOR
      VALUE RECEIVED
      ___________________________ hereby sells, assigns and transfers unto
      _______________________________ all rights of the undersigned under and pursuant
      to the within Warrant, and the undersigned does hereby irrevocably constitute
      and appoint _____________________ Attorney to transfer the said Warrant on
      the
      books of ________ _________, with full power of substitution.

    

    

    

                                                                                                           
      
      [Type
        Name
        of Holder]

       

       

      By:                                                               
                  

      Title:                                
                                               

      
      

      Dated:                                                                        

    

    

     

     

    NOTICE

     

    The
      signature to the foregoing Assignment must correspond exactly to the name as
      written upon the face of the within Warrant, without alteration or enlargement
      or any change whatsoever.

    

    
      
        
        

      

      
        B-5

        
          

        

      

      
        
        

      

    

     

    FORM
      OF ASSIGNMENT

    (PARTIAL)

    

    [To
      be signed only upon partial transfer of Warrant]

    

    TO
      BE EXECUTED BY THE REGISTERED HOLDER

    TO
      TRANSFER THE WITHIN WARRANT

    

    

     

    FOR
      VALUE
      RECEIVED ___________________________ hereby sells, assigns and transfers unto
      ____________________________ (i) the rights of the undersigned to purchase
      ____________________ shares of Common Stock under and pursuant to the within
      Warrant, and (ii) on a non-exclusive basis, all other rights of the
      undersigned under and pursuant to the within Warrant, it being understood that
      the undersigned shall retain, severally (and not jointly) with the transferee(s)
      named herein, all rights assigned on such non-exclusive basis. The undersigned
      does hereby irrevocably constitute and appoint __________________________
      Attorney to transfer the said Warrant on the books of VoIP, Inc., with full
      power of substitution.

    

     

                                                                                                           
      
      [Type
        Name
        of Holder]

       

       

      By:                                                               
                  

      Title:                                
                                               

      
      

      Dated:                                                                        

    

    NOTICE

     

    The
      signature to the foregoing Assignment must correspond exactly to the name as
      written upon the face of the within Warrant, without alteration or enlargement
      or any change whatsoever.

     

    
      
        
        

      

      
        B-6

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