Document:

Unassociated Document

    SECOND
AMENDEMNT TO MARKETING AGREEMENT

     

    The MARKETING AGREEMENT dated
April 22, 2008, by and between i2Telecom International, Inc.,
a Washington corporation, with its principal office at 5070 Old Ellis Point,
Suite 110, Roswell, GA 30076 (“Company”) and Virenta, LLC, a Texas limited
liability company, with an address at 1401 Exeter Court, Southlake, Texas 76092
(“Virenta”) is hereby further amended as follows with the remaining provisions
of the Marketing Agreement remaining in full force and effect.

     

    AMENDMENTS:

     

    NOW,
THEREFORE, in consideration of the foregoing recitals and the covenants and
conditions herein set forth, the parties hereto amend the Marketing Agreement as
follows:

     

    
      	
              1.

            	
              Sections
      1, 3 and 4 are deleted in their
entirety.

            

    

     

    
      	
              2.

            	
              Section
      5 is deleted in its entirety and replaced with the following
      language:

            

    

     

    5.           Cash
Compensation.

     

    
      	
               
      

            	
              5.1

            	
              Effective
      June 1, 2009 the Company will pay Virenta $7,500.00 monthly (the “Monthly
      Payment”). The Monthly Payment will be paid on or before the 10th
      day of the month following the month in which the Monthly Payment was
      earned.

            

    

     

    IN
WITNESS WHEREOF, the parties have executed this Agreement as of September 8,
2009.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              	
                                                                      i2
      Telecom International, Inc.

                                                                    	 	
                                                                      Virenta,
      LLC

                                                                    	 
	 	 	 	 
	By:        /s/ Paul
      Arena                 
      	 	By:       /s/ Chris R.
      Miltenberger                 
      	 
	 	 	 	 
	Name: 
      Paul Arena	 	Name: 
      Chris R. Miltenberger	 
	 	 	 	 
	Title:  
      Chairman of the Board of Directors	 	Title:   
      Managing Director	 
	 	 	 	 
	
                                                                      Date:   September 8,
      2009

                                                                    	 	
                                                                      

                                                                        Date:    September 8,
      2009

                                                                      

                                                                    	 

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

    

     

    
      
        
        

      

      
        
          	
                  

                    Second
      Amendment to Marketing Agreement --
      Page 1 of 1Unassociated Document

    CERTIFICATE
OF DESIGNATION

    OF
SERIES A PREFERRED SHARES

    OF
CEMTREX, INC.

    
      	
               

              Pursuant
      to Section 242 of the

              General
      Corporation Law of the State of Delaware

               

            

    

    The holders of the Series A Preferred
Shares par value $0.001 (the “Series A Preferred Shares”) of CEMTREX, INC. (the
“Company”) shall have the following rights and preferences:

    

    1.           Designation and
Amount. The number of shares constituting the series of Series A
Preferred Shares shall be 1,000,000.

    

    2.           Voting.

    

    (a)           Each
issued and outstanding Series A Preferred Share shall be entitled to the number
of votes equal to the result of: (i) the number of shares of common stock of the
Company (the "Common Shares") issued and outstanding at the time of such vote
multiplied by 1.01; divided by (ii) the total number of Series A Preferred
Shares issued and outstanding at the time of such vote, at each meeting of
shareholders of the Company with respect to any and all matters presented to the
shareholders of the Company for their action or consideration, including the
election of directors. Holders of Series A Preferred Shares shall vote together
with the holders of Common Shares as a single class.

    

    (b)           The
Company shall not amend, alter or repeal the Series A Preferred Shares, special
rights or other powers of the Series A Preferred Shares so as to affect
adversely the Series A Preferred Shares, without the written consent or
affirmative vote of the holders of at least a majority of the then outstanding
aggregate number of shares of such adversely affected Series A Preferred Shares,
given in writing or by vote at a meeting, consenting or voting (as the case may
be) separately as a class.

    

    IN
WITNESS WHEREOF, CEMTREX, INC. has caused this Certificate of Designation of the
Series A Preferred Shares to be signed and attested to by its duly authorized
officers as of the 8th day of September, 2009.

     

    
      
        	 	
                CEMTREX,
      INC.

              	 
	 	 	 	 
	
              	
                By:
      

              	/s/ 	 
	 	Name: 	

                Arun
      Govil

              	 
	 	Title:
      	

                Chairman,
      CEO and PresidentUnassociated Document

    

    Cemtrex,
Inc.

     

     

    
      
        	 
      	
                September
      8, 2009

              

      

    

     

    Mr. Arun
Govil

    19
Engineers Lane

    Farmingdale,
New York 11735

     

    
      	
               
      

            	
              Re:

            	
              Cemtrex Inc.
      Promissory Note

            

    

    

    Dear Mr.
Govil:

    

    As we
discussed, Cemtrex, Inc. (the "Company") wishes to
settle the Company's convertible promissory note held by you, dated April 30,
2007 (the "Note").  The
current principal balance of the Note is $1,300,000 (collectively, the "Outstanding Amount").
Pursuant to the terms of the Note, the Outstanding Amount is convertible into
30,000,000 shares of the Company’s common stock. Please allow this letter to
serve as our agreement in settlement of the Outstanding Amount on the following
terms and conditions:

     

    1. The
Company shall issue you 2,500,000 shares of common stock (the “Common Stock") of
the Company, par value $0.001.

     

    2. The
Company shall issue you 1,000,000 shares of Series A Preferred Stock (the "Preferred Stock") of
the Company, par value $0.001 per share.  The Preferred Stock shall
have the rights and preferences as set forth on Exhibit A attached
hereto.

     

    3. In
consideration of the issuance of the Common Stock and Preferred Stock described
in Paragraph 1 and 2 hereof, you agree to forfeit 27,500,000 shares of common
stock issuable as per the original terms of the Note.

     

    4. We
acknowledge and agree that the Note is hereby cancelled and of no force and
effect.

     

    5. You
warrant and represent that that you have not granted, assigned, mortgaged,
pledged or hypothecated any right, title or interest in the Note. You further
represents that you have received independent legal and tax advice in connection
with this letter agreement and fully understand the legal and tax ramifications
of this agreement and the transactions set forth herein.  The parties
acknowledge that this agreement is fair and equitable, and it is not the result
of any fraud, duress or undue influence exercised by either of the
parties.

     

    6. In
consideration of the issuance of the Common Stock and Preferred Stock described
in Paragraph 1 and 2 hereof and other good and valuable consideration, receipt
of which is acknowledged, you, on behalf of your predecessors, successors in
interest, subsidiaries, affiliates, and all past, present and future partners,
principals, members, directors, officers, shareholders, employees, servants,
representatives, insurers, attorneys, and assigns (collectively, the "Releasors"), hereby
release, discharge, and acquit forever the Company from all actions, causes of
action, suits, debts, dues, sums of money, attorneys’ fees, accounts,
reckonings, bonds, bills, promises, variances, trespasses, damages, judgments,
extents, executions, claims and demands whatsoever, whether known or unknown, in
law, admiralty or equity ("Claims"), which the
Releasors, individually or collectively, ever had, may have had, now have, or
hereinafter can, shall or may have for, upon or by reason of any matter, cause
or thing whatsoever from the beginning of the world to the date of the Agreement
relating to or in connection with Note. The foregoing release shall inure to the
benefit of the Company's predecessors, successors in interest, subsidiaries,
affiliates, and all past, present and future partners, principals, members,
directors, officers, shareholders, employees, servants, representatives,
insurers, attorneys and assigns.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Kindly
indicate your acceptance of this agreement by your signature below.

     

    
      
        	 	 	Regards,	 
	 	 	 	 
	 	 	CEMTREX,
      INC.	 
	 	 	 	 
	
                 

              	
              	/s/ 	 
	 	
              	By:
	 
	 	
              	Title:	 

      

    

     

    
      
        	

                Acknowledged
      and Agreed to:

              	 	 	 	 
	 	 	 	 	 
	
                /s/

              	 	 	
              	 
	
                

                  Arun
      Govil

                

              	 	 	
              	 

      

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Exhibit
A

    Certificate of
Designation

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