Document:

Exhibit
      10.7

    KOROMPIS
      CONSULTING AGREEMENT

    

    

    This
      Consulting Agreement (this "Agreement") is made as of April 2, 2007, by and
      between VoIP,
      Inc with offices at 151 South Wymore Road, Suite 3000, Altamonte Springs, FL
      32714 (the
      "Company'), and Piter
      Korompis an individual c/o Austindo Foods, Pty, Level 1, 585 Burwood Road,
      Hawthorn, Victoria 3122, Australia ("Consultant")
      with
      respect to the following facts:

    

    For
      good
      and valuable consideration, the receipt and sufficiency of which is hereby
      acknowledged, the parties hereto agree as follows:

    

    1.      Engagement.
      The
      Company hereby engages Consultant as an independent contractor and consultant
      to
      provide strategic advisory services to assist in corporate development to the
      Company, and Consultant has agreed to provide these services to the Company,
      subject to the terms and conditions described in this Agreement. Consultant
      is
      not an investment adviser nor a broker -dealer as defined under federal or
      state
      law and will not provide any services requiring registration as
      such.

    

    2.      Term.
      The
      term of this Agreement shall expire upon the one year anniversary from the
      date
      of this Agreement (the "Term"), provided, however, that either party may
      terminate the engagement at any time upon thirty days' prior written notice.
      The
      Agreement may be terminated by the Company immediately upon notice in the case
      of the commission of an act of actual fraud by Consultant in the course of
      its
      activities hereunder. The Agreement may be terminated by Consultant immediately
      upon notice in the case of the commission of an act of actual fraud by the
      Company. 

    

    3.      Services.
      The
      services (the "Services") to be provided by Consultant shall consist of a
      services those described in the Attached Exhibit A.

    

    4.      Costs.
      The
      Company will be responsible for all documented printing and distribution and/or
      advertising costs, and all other documented out of pocket costs in respect
      to
      the Services. The Company will also reimburse Consultant for reasonable out
      of
      pocket expenses undertaken in respect of the Services, provided, however, all
      items of such expense in excess of $200 shall be approved in advance by the
      Company.

    

    5.      Compensation
      for Services.
      For
      continuing to provide the Services, the Company shall issue to the Consultant
      an
      option to purchase up to 1,666,667 shares of common stock at an exercise price
      of $0.18 per share (the “Options”). The Company shall file an S-8 Registration
      to register the underlying common stock of the Options by no later than May
      2,
      2007. 

    

    6.      Additional
      Obligations of Consultant.
      Consultant agrees that, in connection with its investor relations services
      to
      the Company, Consultant will not make any payment in cash or in kind to any
      third party as an inducement to such party to engage in activities which could
      be deemed to constitute market manipulation or other improper practice, such
      as
      recommending third party activities with the Company without disclosure of
      Consultant's engagement as a consultant for the Company or Consultant's
      financial interest in the Company. Consultant will indemnify the Company from
      all claims, liability, costs or other expenses (including reasonable attorneys'
      fees) incurred by the Company as a result of any inaccurate information
      concerning the Company released by Consultant, if such information was not
      "Approved Information" (as defined below). Notwithstanding anything to the
      contrary contained in this Agreement, Consultant agrees that it shall not
      release any communication (whether by e-mail, press release or otherwise) to
      third parties in connection with the performance of its duties hereunder unless
      and until the form and content of such communication has been approved in
      writing by the President and Chief Financial Officer (such communication, as
      so
      approved is referred to herein as "Approved Information"). Consultant further
      agrees that any written communication shall contain standard cautionary language
      in a form to be provided by the Company. 

    

    7.      Additional
      Obligations of the Company.
      The
      Company agrees that, in connection with this agreement, it will indemnify
      Consultant from all claims, liability, costs or other expenses incurred
      (including reasonable attorneys' fees) by Consultant as a result of any
      inaccurate or misleading information concerning the Company provided by the
      Company or any of its officers or directors to Consultant which is Approved
      Information, or as a result of any breach by the Company of any of the terms
      and
      conditions of this agreement or commission of acts illegal under securities
      laws
      by the Company or its officers or directors. The Company will not give
      Consultant material non-public or other confidential information which
      Consultant should not be disseminating.

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    8.      Independent
      Contractor.
      Consultant is an independent contractor responsible for compensation of its
      agents, employees and representatives, as well as all applicable withholding
      and
      taxes (including unemployment compensation) and all worker's compensation
      insurance.

    

    9.
           Non-Competition
      and Non-Solicitation.

    

    (a)    Restricted
      Business Activity.
      Consultant hereby agrees that, during the Term, and for a period of one year
      after the termination of this Agreement, for any reason, as the case may be,
      Consultant shall not, directly or indirectly:

    

    i.      in
      any individual or representative capacity, whether as principal, agent, partner,
      officer, director, employee, joint venturer, member of any business entity,
      consultant, advisor or investor (except that Consultant shall have the right
      hereunder to own up to 3% of one or more public companies having a class of
      equity securities registered with the Securities and Exchange Commission under
      the Securities Exchange Act of 1934 as amended) or otherwise, compete with
      Company by performing services, activities, or duties similar or identical
      to
      those which Consultant performed during his employment with Company, in, or
      for
      any business entity or enterprise located or owning property within a
      one-hundred mile radius of the Company, which engages in any of the Company's
      businesses;

    

    ii.     disseminate
      or make use of any valuable, unique, confidential, or proprietary information
      of
      Company (whether tangible or intangible and whether or not electronically kept
      or stored), including that regarding or comprising actual/potential customer,
      or
      prospect, lists or identities, processes, procedures, drawings, designs,
      manuals, business plans, pricing policies/schedules, vendors/contractor
      sources/identities, financial information of customers or the Company, and
      other
      proprietary documents, materials, or information relating to the Company, its
      businesses and activities, the manner in which the Company does business, all
      of
      which is valuable to the Company in conducting its business because the
      information is kept confidential and is not generally known to the Company's
      competitors or to the general public ("Confidential Information"). Confidential
      Information does not include information generally known to third parties
      unrelated to the Company or easily obtained from public
      sources/records.

    

    To
      the
      extent that the Confidential Information rises to the level of a trade secret
      under applicable law, Consultant acknowledges and agrees that he shall forever
      protect and maintain the confidentiality of such trade secrets and shall not
      disseminate or make use of any such trade secrets without the Company's prior
      consent.

    

    iii.    in
      any manner induce, attempt to induce, or assist others to induce or attempt
      to
      induce any of the Company's customers, or contacts with whom Consultant had
      contact during the Term, to terminate, reduce or influence said individual's
      or
      entity's business or association with the Company, or do anything to interfere
      with the relationship between the Company and any of the customers, or contacts
      or persons or concerns dealing with the Company;

    

    iv.    without
      the prior written consent of the Company:

    

    (1)      solicit
      or hire away any person who was an employee of the Company at any time during
      the Term; or

    

    (2)      employ,
      in any capacity, any person who was an employee of the Company on the date
      of
      termination of Consultant's Term hereunder, or who was so employed at any time
      during the one-year period immediately preceding such termination date;
      or

    

    v.     without
      the prior written consent of the Company, disseminate or make use of any ideas,
      concepts or business plans relating to the Company which have been brought
      before the Board or otherwise discussed by management of the
      Company.

    

    All
      of
      the activities described in subsections (i)-(v) of this Section 9(a) shall
      be
      included, whether jointly or singly, within the meaning of the term "Restricted
      Business Activity" for the purposes of this Agreement.

    

    Consultant
      acknowledges that the restrictions placed upon Consultant by this Section 9
      of
      the Agreement are reasonable given the Consultant's position with the Company,
      the geographic area in which the Company markets business, and the consideration
      furnished in this Agreement. Further, Consultant acknowledges that the length
      and scope of the covenants are reasonable, that the Company's business and
      customers extend beyond that geographic area set forth in Section 9(a)(i),
      and
      that said geographic area is entirely reasonable. Consultant also agrees that
      the provisions of this section are fair and necessary to protect the Company
      and
      its business interests and that such provisions do not preclude Consultant
      from
      utilizing unprotected information or from engaging in occupations in unrelated
      fields or in a manner consistent with the requirements of this Agreement.
      Finally, Consultant agrees that the scope of his experience and abilities are
      such that the existence or enforcement of these provisions will not prevent
      him
      from earning an adequate livelihood.

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

     .      Scope.  If
      the scope of any restriction contained in Section 9(a) hereof is too broad
      to
      permit enforcement of such restriction to its full extent, then such restriction
      shall be enforced to the maximum extent permitted by law, and Consultant hereby
      consents and agrees that such scope may be judicially modified accordingly
      in
      any proceedings brought to enforce such restrictions.

    

    A.    Default.
      The
      breach by Consultant of his obligations under Section 9(a) shall entitle the
      Company to have recourse to any of the remedies set forth in Section
      9(d).

    

    B.     Remedies.

    i.      In
      the event that Consultant shall be in breach of any of his obligations under
      Section 9(a) hereof, the Company shall have the right to terminate this
      Agreement forthwith under Section 2 hereof, and all obligations of the Company
      to make payments to Consultant under Sections 4 and 5 (except for expenses
      incurred as provided in Section 4 prior to such termination) shall cease
      forthwith in their entirety and the Company shall have no further obligations
      to
      Consultant with respect thereto.

    

    ii.     Consultant
      acknowledges and agrees that the Company's remedy at law for any breach of
      his
      obligations under this Section 9 hereof may be inadequate, and agrees and
      consents that (in addition to any other damages or relief available under
      applicable law) temporary, preliminary, and/or permanent injunctive relief
      may
      be granted in any proceeding which may be brought to enforce any provision
      of
      this Section 9, without the necessity of proof of actual damage. Finally, the
      Company shall be entitled to recover its reasonable attorneys' fees and costs
      if
      it prevails as to its claim against Consultant that Consultant breached Section
      9 or any other section of this Agreement.

    

    10.    Return
      of Company's Property.
      Upon
      expiration of this Agreement and/or termination of this Agreement (or at any
      time upon request by the Company), Consultant will immediately return to the
      Company all Company property (including but not limited to all documents,
      electronic files/records, keys, records, computer disks, or other tangible
      or
      intangible things that may or may not relate to or otherwise constitute
      Confidential Information (as herein defined) or trade secrets (as defined by
      applicable law) that Consultant created, used, possessed, or maintained while
      in
      the employ of the Company, from whatever source. All ideas, concepts,
      information, inventions developed by the Consultant during the Term are the
      property of the Company. This provision does not apply to purely personal
      documents of Consultant, but does apply to business calendars, Rolodexes,
      customer lists, contact sheets, computer programs, disks, and their contents,
      and like information that may contain some personal matters of
      Consultant.

    

    11.    Assignment.
      The
      rights and obligations of each party to this agreement may not be assigned
      without the prior written consent of the other party.

    

    12.    Entire
      Agreement.
      This
      Agreement contains the entire agreement of the Company and Consultant and
      supersedes any prior agreements between them. This Agreement may not be modified
      or extended except in writing signed by both parties.

    

    13.    Venue
      of Law.
      This
      agreement shall be governed by and construed in accordance with California
      law.

    

    14.    Arbitration
      and Waiver of Jury Trial.
      ANY
      DISPUTE BASED UPON OR ARISING OUT OF THIS LETTER AGREEMENT SHALL BE SUBJECT
      TO
      BINDING ARBITRATION TO BE HELD IN LOS ANGELES COUNTY, CALIFORNIA BEFORE A
      RETIRED CALIFORNIA SUPERIOR COURT JUDGE. JUDGMENT ON THE ARBITRATOR'S AWARD
      SHALL BE FINAL AND BINDING, AND MAY BE ENTERED IN ANY COMPETENT COURT. AS A
      PRACTICAL MATTER, BY AGREEING TO ARBITRATE, ALL PARTIES ARE WAIVING JURY
      TRIAL.

    

    15.    Attorneys'
      Fees.
      The
      prevailing party in any arbitration or litigation arising out of or relating
      to
      this letter agreement shall be entitled to recover all
      attorneys' fees and all
      costs
      (whether or not such costs are recoverable pursuant to the California Code
      of
      Civil Procedure) as may be incurred in connection with either obtaining or
      collecting any judgment and/or arbitration award, in addition to any other
      relief to which that party may be entitled.

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    16.    Counterparts.
      This
      Agreement may be executed in counterparts, each of which when so executed shall
      be deemed to be original and all of which takes together shall constitute one
      and the same Agreement.

    

    17.    Due
      Authority.
      By
      signing below, the signatories warrant that they have the authority to execute
      this Agreement on behalf of the party indicated and all actions necessary to
      authorize the execution of this Agreement have been taken.

    

    18.   
      Not
      Exclusive.
      This
      Agreement is not exclusive. Consultant may engage in activities of the type
      contemplated hereunder with other firms and Company may engage in activities
      of
      the type contemplated hereunder with other financial relations
      firms.

    

    19.    Notices.
      All
      notices or other communications required hereunder shall be in writing and
      addressed as follows:

    

    

    if
      to
      Consultant:

    

    Piter
      Korompis 

    c/o
      Austindo Foods, Pty, 

    Level
      1, 585 Burwood Road, 

    Hawthorn,
      Victoria 3122, 

    Australia

    

    

    if
      to
      Company:

    

    VoIP,
      Inc

    151
      South Wymore Road, 

    Suite
      3000, 

    Altamonte
      Springs, FL 32714  

    Attn:
      Tony Cataldo

    

    

    Either
      party may change the address for notifications and other communications by
      notifying the other party in writing.

    

    20.    No
      Agency.
      Nothing
      herein shall cause Consultant or the Company to be an agent, partner, joint
      venturer or affiliate of the other.

    

    21.    Beneficiaries.
      Except
      as expressly provided for herein, no parties or persons except the signatories
      and their affiliates, successors or assigns, are beneficiaries of this
      Agreement.

    

    22.    Construction.
      If any
      provision of this Agreement shall be deemed void, invalid or unenforceable
      for
      any reason, the remainder of the Agreement shall remain valid and enforceable
      and the provision declared invalid or unenforceable shall remain valid and
      enforceable to the extent allowed by law and shall be enforced in accordance
      with the intent of the parties, as expressed in this Agreement, to the fullest
      extent allowed.

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
      day
      and year first written above.

    

    
      	 	 	 	 
	
              Piter
                Korompis

            	 	 	VoIP, Inc
	 	 	 	 
	/s/
              Piter
              Korompis	 	
              By:
 

            	/s/
              Anthony
              Cataldo
	
            	 	 	Name:
              Anthony Cataldo
	 	 	 	Title:
              Chairman
              and CEO

    

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    Piter
      Korompis Consulting Agreement

    

    Services
      to be Provided:

    1.     Introduce
      the Company to China Netcom

     

    2.     Introduce
      the Company to Indosat 

     

    3.     Introduce
      the Company to Satelindo 

     

    

    
      
        
        

      

      
        5Exhibit
      10.8

    

    ADVISORY
      SERVICES AGREEMENT - MARK L. BAUM

    

    This
      Advisory Services Agreement (the “Agreement”)
      is
      made and entered into May 9, 2007 (the “Effective
      Date”),
      by
      and between (i) Mark L. Baum, Esq. whose principal business address is 1302
      Waugh Drive, Unit 618, Houston, Texas 77019 (the “Consultant”)
      and
      (ii) VoIP, Inc., a Texas corporation, whose principal place of business is
      151
      South Wymore Road, Suite 3000, Altamonte Springs, Florida 32714 (the
“Company”).
      Consultant and Company may hereinafter be referred to individually as a “party”
or collectively as the “parties.”

    

    WHEREAS,
      the
      Company requires the Services as defined and set forth herein; 

    

    WHEREAS,
      Consultant is qualified to provide the Company with the Services and is desirous
      to perform such Services for the Company; and

    

    WHEREAS,
      the
      Company wishes to induce Consultant to provide the Services and wishes to
      contract with the Consultant regarding the same and compensate Consultant in
      accordance with the terms herein;

    

    NOW,
      THEREFORE,
      in
      consideration of the mutual covenants contained in this Agreement, and for
      good
      and valuable consideration, the receipt of which is hereby acknowledged, it
      is
      agreed as follows: 

    

    1.     APPOINTMENT.

    

    The
      Company hereby engages Consultant and Consultant agrees to render the Services
      to the Company as a consultant upon the terms and conditions hereinafter set
      forth.

    

    2.     TERM.

    

    The
      term
      of this Agreement shall begin as of the date of this Agreement, and shall
      terminate 120 days thereafter, or earlier in accordance with Section 9.

    

    3.     SERVICES.

    

    During
      the term of this Agreement, Consultant shall provide the Company with the
      following “Services.”
      However, the Services shall be limited to making recommendations and offering
      advice to the Company’s Officers, Directors and other key Company personnel. As
      an offsite advisor, Consultant will rely upon the Company’s management to, in
      the Company’s sole discretion, accept or reject its recommendations. Under no
      circumstances, even in the event that Consultant is to perform onsite analysis,
      shall Consultant be responsible for making any decisions on behalf of the
      Company.

    

    a.     Advise
      internal management, with particular focus on strategic planning, organizational
      and corporate structure, and overall business analysis with the ultimate goal
      of
      preparing the company for capital market investor due diligence;

    

    b.     Advise
      the Company in regard to the size of any offering of the Company’s securities
      and the structure and terms of the offering in light of the current market
      environment;

    

    c.     Work
      with the Company to develop a long-term growth, capital structure and financing
      strategy.

    

    d.     Provide
      introductions to NASD member firm banking relationships, funding and financing
      firms, specifically including, but not limited to, C.E. Unterberg Towbin, and,
      on a best efforts basis, seek an engagement that is in the best interests of
      the
      Company. The Company hereby agrees to provide an “Acknowledgement
      of Introduction,”
a
      specimen of which is attached hereto as Exhibit
      A
      for each
      banking, funding or financing firm, specifically including but not limited
      to
      C.E. Unterberg Towbin (each a “Consultant
      Protected Relationship”),
      that
      Consultant introduces the Company to. Each Acknowledgement of Introduction
      shall
      grant Consultant the exclusive right to assist in any negotiations regarding
      the
      financing and relationship between the Consultant Protected Relationship and
      the
      Company. The Company shall additionally agree that by providing Consultant
      with
      an Acknowledgement of Introduction and commencing the negotiation of a business
      relationship with a Consultant Protected Relationship (even if an
      Acknowledgement of Introduction was not tendered), that for two (2) years
      following Consultant’s introduction or for two (2) years subsequent to the
      receipt of an Acknowledgement of Introduction, regardless of a termination
      of
      this Consultant Protected Relationship, that Consultant shall be compensated
      in
      accordance with Section 4 of this Agreement. Should Consultant’s rights to
      receive the Section 4 Compensation be compromised in any way (including for
      example, by not holding Consultant’s compensation in escrow at the time of the
      closing of any such financial transaction), Company hereby consents to
      injunctive relief, benefiting the Consultant, in order to segregate all related
      monies due and owing to Consultant under this term of the Agreement, in addition
      to appropriate monetary damages. Damages shall be equal to an amount of money
      equal to not less than the amount of financial benefit Consultant would have
      received had the Company complied with the Section 4 Compensation terms. The
      term “Consultant Protected Relationship” shall include any person or entity that
      Consultant introduced to the Company in connection with this Agreement, or
      a
      third party person or entity that has a business or other affiliation with
      any
      person or entity that Consultant introduced to the Company in connection with
      Consultant’s services under this Agreement. Unless authorized by Consultant in
      writing, under no other circumstances, shall Company make any effort to contact
      a Consultant Protected Relationship. 

     

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    e.    
      In the event that the Company has a prior existing business relationship with
      a
      party introduced by Consultant as a potential Consultant Protected Relationship,
      then the Company shall have a positive obligation to deliver in writing such
      a
      notification of a prior business relationship within 48 hours of the time that
      Consultant makes an introduction. The failure to provide Consultant with notice
      of a prior business relationship shall forever waive the Company's right to
      subsequently assert that they had a prior existing business relationship with
      that respective introduction. 

    

    f.     
      Consultant agrees to provide the Services on a timely basis via: meetings with
      Company representatives which may include other professionals; conferences
      calls
      with Company representatives and other professionals; and/or written
      correspondence and documentation. Consultant cannot guarantee the results on
      behalf of the Company, but shall pursue all avenues that it deems reasonable
      through its network of contacts.

    

    4.     COMPENSATION.     In
      connection with this Agreement, The Company shall pay Consultant the following
      fees:

    

    a.     Cash.
      (i)
      Within five days of the effectiveness of this Agreement (“Payment
      Date One”)
      and
      (ii) on the 61st
      day of
      the effectiveness of this Agreement (“Payment
      Date Two”),
      Company shall pay Consultant a cash fee equal to $187,500.00. 

    

    b.     Securities.
      Within
      5 days of the effectiveness of this Agreement, Consultant shall be issued and
      shall receive 250,000 free trading shares of the Company’s common stock
      registered on Form S-8 (the “Securities”).

    

    c.     Options.
      By or
      before Payment Date One, Consultant shall have an option to purchase 1,875,000
      common Company shares (“Option
      One Shares”)
      for
      $.18 per share. By or before Payment Date Two, Consultant shall have an option
      to purchase 1,875,000 common Company shares (“Option
      Two Shares”)
      for
      $.18 per share. The Option Two Shares, if such an option to purchase such common
      shares is exercised, shall be registered in a Form S-8 registration statement
      and shall be delivered to Consultant free of any restrictive legend.

    

    d.     Warrants.
      Within
      5 business days of the execution of this Agreement, Consultant shall be issued
      a
      Common Stock Purchase Warrants (the “Warrant”),
      attached hereto as Exhibit
      B.

    

    e.     Success
      Fee Credit.
      In the
      event that the Company obtains financing, in any form, as a result of business
      dealings between a Consultant Protected Relationship and the Company, Consultant
      shall receive a Success Fee Credit (the “Success
      Fee Credit”)
      in the
      amount of $100,000 for the initial $1,000,000 in financing received by the
      Company and ten percent (10%) of any financing received by the Company in excess
      of $1,000,0001 .
      The
      Success Fee Credit shall be split between the Consultant and other third parties
      as listed in Exhibit
      C.
      All
      Success Fee Credit funds may only be utilized as a credit towards the exercise
      price of any warrants issued to the Consultant or his assigns by the
      Company2 .
      All
      Success Fee Credit funds shall be accounted for and booked by the Company for
      the benefit of the parties as outlined in Exhibit
      C,
      until
      such time as the same Success Fee Credit funds have been used. Any Success
      Fee
      Credits funds shall not bear interest. 

    

    All
      compensation delivered and paid to Consultant pursuant to this Agreement shall
      be deemed completely earned, due, payable and non-assessable as of the date
      the
      compensation is tendered to Consultant by the Company or the Company's transfer
      agent. Once compensation is tendered to Consultant, there shall be no refunds
      or
      diminishment of the same regardless of any event.

     

    
      

      
        1     For
          example, if the Company were to obtain
          $1,600,000 in financing as a result of a Consultant Protected Relationship,
          Consultant would be entitled to receive a Success Fee Credit of $160,000.

      

      
        2     As
          a further extension of the example in Footnote
          1 above, if the Consultant or his assignee was issued a warrant to purchase
          1,000,000 Company common shares for $.20 per share, and the Consultant
          or his
          assignee elected to apply the above $160,000 Success Fee Credit, then the
          Company would only receive $40,000 in addition to the $160,000 Success
          Fee
          Credit towards the purchase of the warrants.

      

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    5.     REPRESENTATIONS
      AND WARRANTIES OF COMPANY.

    

    The
      Company hereby represents, warrants and agrees as follows:

    

    a.     This
      Agreement has been authorized, executed and delivered by the Company and, when
      executed by the Consultant will constitute the valid and binding agreement
      of
      the Company enforceable against the Company in accordance with its terms, except
      as enforcement thereof may be limited by bankruptcy, insolvency or
      reorganization, moratorium or other similar laws relating to or affecting
      creditors’ rights generally or by general equitable principles. 

    

    b.     The
      financial statements, audited and unaudited (including the notes thereto)
      provided to Consultant, (the “Financial
      Statements”),
      will
      present fairly the financial position of the Company as of the dates indicated
      and the results of operations and cash flows of the Company for the periods
      specified. Such Financial Statements will be prepared in conformity with
      generally accepted accounting principles applied on a consistent basis
      throughout the periods involved except as otherwise stated therein.

    

    c.     The
      Company is validly organized, existing and with active status under the laws
      the
      State of Texas.

    

    d.     The
      securities to be issued to Consultant, if any, have all been authorized for
      issuance and when issued, delivered and tendered to the Consultant by the
      Company will be validly issued, fully paid and non-assessable.

    

    e.     Since
      date of the most recent of the Financial Statements, there has not been any
      (A)
      material adverse change in the business, properties, assets, rights, operations,
      condition (financial or otherwise) or prospects of the Company, (B) transaction
      that is material to the Company, except transactions in the ordinary course
      of
      business, (C) obligation that is material to the Company, direct or contingent,
      incurred by the Company, except obligations incurred in the ordinary course
      of
      business, (D) change that is material to the Company or in the common shares
      or
      outstanding indebtedness of the Company, or (E) dividend or distribution of
      any
      kind declared, paid, or made in respect of the common shares. 

    

    f.     The
      Company shall be deemed to have been made a continuing representation of the
      accuracy of any and all facts, material information and data which it supplies
      to Consultant and acknowledges its awareness that Consultant will rely on such
      continuing representation in disseminating such information and otherwise
      performing its advisory functions. Consultant in the absence of notice in
      writing from the Company, will rely on the continuing accuracy of material,
      information and data supplied by the Company. Consultant represents that he
      has
      knowledge of and is experienced in providing the aforementioned
      services.

    

    6.     STATUS
      OF WORK PRODUCT AND OTHER PROPERTY.
      Upon
      expiration of this Agreement and/or termination of this Agreement (or at any
      time upon request by the Company), Consultant will immediately return to the
      Company all Company property (including but not limited to all documents,
      electronic files/records, keys, records, computer disks, or other tangible
      or
      intangible things that may or may not relate to or otherwise constitute
      confidential information or trade secrets (as defined by applicable law) that
      Consultant created, used, possessed, or maintained while in the employ of the
      Company, from whatever source. This provision does not apply to purely personal
      documents of Consultant, but does apply to business calendars, Rolodexes,
      customer lists, contact sheets, computer programs, disks, and their contents,
      and like information that may contain some personal matters of
      Consultant.

    

    7.     INDEMNIFICATION.
      The
      Company agrees to indemnify the Consultant and hold it harmless against any
      losses, claims, damages or liabilities incurred by the Consultant, in connection
      with, or relating in any manner, directly or indirectly, to the Consultant
      rendering the Services in accordance with the Agreement, unless it is determined
      by a court of competent jurisdiction that such losses, claims, damages or
      liabilities arose out of the Consultant’s breach of this Agreement, sole
      negligence, gross negligence, willful misconduct, dishonesty, fraud or violation
      of any applicable law. Additionally, the Company agrees to reimburse the
      Consultant immediately for any and all expenses, including, without limitation,
      attorney fees, incurred by the Consultant in connection with investigating,
      preparing to defend or defending, or otherwise being involved in, any lawsuits,
      claims or other proceedings arising out of or in connection with or relating
      in
      any manner, directly or indirectly, to the rendering of any Services by the
      Consultant in accordance with the Agreement (as defendant, nonparty, or in
      any
      other capacity other than as a plaintiff, including, without limitation, as
      a
      party in an interpleader action). The Company further agrees that the
      indemnification and reimbursement commitments set forth in this paragraph shall
      extend to any controlling person, strategic alliance, partner, member,
      shareholder, director, officer, employee, agent or subcontractor of the
      Consultant and their heirs, legal representatives, successors and assigns.
      The
      provisions set forth in this Section shall survive any termination of this
      Agreement.

     

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    8.     COMPLIANCE
      WITH SECURITIES LAWS.
      The
      Company understands that any and all Compensation outlined in this Agreement
      shall be paid solely and exclusively as consideration for the aforementioned
      consulting efforts made by Consultant on behalf of the Company as an independent
      contractor. The parties performing the services outlined in this Agreement
      are
      natural persons and shall only provide advisory services internally to the
      Company. Consultant’s engagement does not involve the marketing of any Company
      securities.

    

    9.     MISCELLANEOUS.

    

    a.     Termination
      and Renewal:
      This
      Agreement may be terminated by Company only upon written notice to Consultant
      and Consultant’s failure to cure said material breach within 45 days from
      receipt of said notice. 

    

    b.     Modification:
      This
      Agreement sets forth the entire understanding of the parties with respect to
      the
      subject matter hereof. This Agreement may be amended only in writing signed
      by
      both parties.

    

    c.     Notices:
      Any
      notice required or permitted to be given hereunder shall be in writing and
      shall
      be mailed or otherwise delivered in person to the parties at the addresses
      set
      forth above.

    

    d.     Waiver:
      Any
      waiver by either party of a breach of any provision of this Agreement shall
      not
      operate as or be construed to be a waiver of any other breach of that provision
      or of any breach of any other provision of this Agreement. The failure of a
      party to insist upon strict adherence to any term of this Agreement on one
      or
      more occasions will not be considered a waiver or deprive that party of the
      right thereafter to insist upon adherence to that term of any other term of
      this
      Agreement.

    

    e.     Assignment:
      Compensation under this Agreement is assignable at the sole discretion of the
      Consultant.

    

    f.    
       Severability:
      If any
      provision of this Agreement is invalid, illegal, or unenforceable, the balance
      of this Agreement shall remain in effect. If any provision is inapplicable
      to
      any person or circumstance, it shall nevertheless remain applicable to all
      other
      persons and circumstances. If any compensation provision is deemed unenforceable
      or illegal, then in the case of the delivery of common stock to the Consultant,
      Consultant shall be entitled to receive a cash benefit equal to the value of
      the
      common stock that would have been tendered had such a provision not been illegal
      or unenforceable.

    

    g.     Arbitration:
      Any
      dispute or other disagreement arising from or out of this Agreement shall be
      submitted to arbitration under the rules of the American Arbitration Association
      and the decision of the arbiter(s) shall be enforceable in any court having
      jurisdiction thereof. Arbitration shall occur only in San Diego County, CA.
      The
      interpretation and the enforcement of this Agreement shall be governed by
      California Law as applied to residents of the State of California relating
      to
      contracts executed in and to be performed solely within the State of California.
      

    

    h.     Governing
      Law:
      The
      subject matter of this Agreement shall be governed by and construed in
      accordance with the laws of the State of California (without reference to its
      choice of law principles), and to the exclusion of the law of any other forum,
      without regard to the jurisdiction in which any action or special proceeding
      may
      be instituted. EACH PARTY HERETO AGREES TO SUBMIT TO THE PERSONAL JURISDICTION
      AND VENUE OF THE STATE AND/OR FEDERAL COURTS LOCATED IN THE COUNTY OF SAN DIEGO,
      CALIFORNIA FOR RESOLUTION OF ALL DISPUTES ARISING OUT OF, IN CONNECTION WITH,
      OR
      BY REASON OF THE INTERPRETATION, CONSTRUCTION, AND ENFORCEMENT OF THIS
      AGREEMENT, AND HEREBY WAIVES THE CLAIM OR DEFENSE THEREIN THAT SUCH COURTS
      CONSTITUTE AN INCONVENIENT FORUM. AS A MATERIAL INDUCEMENT FOR THIS AGREEMENT,
      EACH PARTY SPECIFICALLY WAIVES THE RIGHT TO TRIAL BY JURY OF ANY ISSUES SO
      TRIABLE. If it becomes necessary for any party to institute legal action to
      enforce the terms and conditions of this Agreement, the prevailing party shall
      be awarded reasonable attorneys fees, expenses and costs.

    

    i.     
      Specific
      Performance:
      The
      Company and the Consultant shall have the right to demand specific performance
      of the terms, and each of them, of this Agreement.

    

    j.     
      Execution
      of the Agreement:
      The
      Company, the party executing this Agreement on behalf of the Company, and the
      Consultant, have the requisite corporate power and authority to enter into
      and
      carry out the terms and conditions of this Agreement, as well as all
      transactions contemplated hereunder. All corporate proceedings have been taken
      and all corporate authorizations and approvals have been secured which are
      necessary to authorize the execution, delivery and performance by the Company
      and the Consultant of this Agreement. This Agreement has been duly and validly
      executed and delivered by the Company and the Consultant and constitutes a
      valid
      and binding obligation, enforceable in accordance with the respective terms
      herein. Upon delivery of this Agreement, this
      Agreement, and the other agreements and exhibits referred to herein, will
      constitute the valid and binding obligations of Company,
      and
      will be enforceable in accordance with their respective terms. Delivery may
      take
      place via facsimile transmission.

     

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    k.     Joint
      Drafting.
      This
      Agreement shall be deemed to have been drafted jointly by the Parties hereto,
      and no inference or interpretation against any one party shall be made solely
      by
      virtue of such party allegedly having been the draftsperson of this Agreement.
      The parties have each conducted sufficient and appropriate due diligence with
      respect to the facts and circumstances surrounding and related to this
      Agreement. The parties expressly disclaim all reliance upon, and prospectively
      waive any fraud, misrepresentation, negligence or other claim based on
      information supplied by the other party, in any way relating to the subject
      matter of this Agreement. 

    

    l.    
       Acknowledgments
      and Assent.
      The
      parties acknowledge that they have been given at least ten (10) days to consider
      this Agreement and that they were advised to consult with an independent
      attorney prior to signing this Agreement and that they have in fact consulted
      with counsel of their own choosing prior to executing this Agreement. The
      parties may revoke this Agreement for a period of three (3) days after signing
      this Agreement, and the Agreement shall not be effective or enforceable until
      the expiration of this three (3) day revocation period. The parties agree that
      they have read this Agreement and understand the content herein, and freely
      and
      voluntarily assent to all of the terms herein.

    

    m.     Exhibits:
      Exhibits A thru C.

    

    

    SIGNATURE
      PAGE FOLLOWS

    

    

    IN
      WITNESS WHEREOF, this Agreement has been executed by the parties as of the
      date
      first above written.

     

    
      	COMPANY	 	 	CONSULTANT
	 	 	 	 
	VOIP, INC.	 	 	MARK L. BAUM
	 	 	 	 
	/s/
              Anthony J.
              Cataldo	 	 	/s/
              Mark L.
              Baum, Esq.
	
              
By:
              Anthony J. Cataldo	 	 	
              
By:
              Mark L. Baum, Esq.
	
              Its:
                Chief Executive Officer 

            	 	 	
              An:
                Individual

            

     

    

    A
      FACSIMILE COPY OF THIS AGREEMENT SHALL HAVE THE SAME LEGAL EFFECT AS AN ORIGINAL
      OF THE SAME.

     

     

    
      
         

      

      
        5

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