Document:

Guaranty -- Converted by SECPublisher 2.1.1.8, created by BCL Technologies Inc., for SEC Filing

    

      IN
        WITNESS WHEREOF, the parties hereto have caused this Guaranty and Pledge
        Agreement to be duly executed as of the date first written above.

      

      
        	 	
                “Pledgor”

              
	 	
                 

                 

                By:/s/
                  Ka Wa Cheng___________________

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      OMNIBUS
        INVESTOR SIGNATURE PAGE TO

      GUARANTY
        AND PLEDGE AGREEMENT

      

      The
        undersigned, in its capacity as an Investor, hereby executes and delivers
        the
        Guaranty and Pledge Agreement to which this signature page is attached and
        agrees to be bound by the Guaranty and Pledge Agreement on the date set forth
        on
        the first page of the Guaranty and Pledge Agreement. This counterpart signature
        page, together with all counterparts of the Guaranty and Pledge Agreement
        and
        signature pages of the other parties named therein, shall constitute one
        and the
        same instrument in accordance with the terms of the Guaranty and Pledge
        Agreement.

       

      
        	
                Atlas
                  Master Fund,
                  Ltd.                                                  
                   

              	 	                                                                       
                
	
                [Print
                  Name of Investor]

              	 	
                [Name
                  of Co-Investor, if applicable]

              
	 	 	 
	
                /s/
                  Scott
                  Schroeder                                                           
                   

              	 	                                                                       
                
	
                [Signature]

              	 	
                [Signature]

              
	 	 	 
	
                Name:Scott
                  Schroeder                                                    
                   

              	 	
                Name:                                                              
                                   
                   

              
	
                Title:Authorized
                  Signatory                                           
                     

              	 	
                Title:                                       
                                                            
                   

              
	 	 	 
	 	 	 
	
                Mailing
                  Address:

              	 	
                Telephone
                  No.:                                                                
                   

              
	                                                                       	 	
                Facsimile
                  No:                                                                   
                   

              
	                                                                       	 	
                Email
                  Address:                                                                
                   

              
	                                                                       	 	 
	
                (City,
                  State and Zip)

              	 	 

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      OMNIBUS
        INVESTOR SIGNATURE PAGE TO

      GUARANTY
        AND PLEDGE AGREEMENT

      

      The
        undersigned, in its capacity as an Investor, hereby executes and delivers
        the
        Guaranty and Pledge Agreement to which this signature page is attached and
        agrees to be bound by the Guaranty and Pledge Agreement on the date set forth
        on
        the first page of the Guaranty and Pledge Agreement. This counterpart signature
        page, together with all counterparts of the Guaranty and Pledge Agreement
        and
        signature pages of the other parties named therein, shall constitute one
        and the
        same instrument in accordance with the terms of the Guaranty and Pledge
        Agreement.

      
         

        
          	
                  
                    EL
                      Equities,
                      LLC                                                        
                              
                      

                  

                	 	                                                                       
                  
	
                  [Print
                    Name of Investor]

                	 	
                  [Name
                    of Co-Investor, if applicable]

                
	 	 	 
	
                  
                    /s/
                      Eli
                      Levitin                                                            
                                
                      

                  

                	 	                                                                       
                  
	
                  [Signature]

                	 	
                  [Signature]

                
	 	 	 
	
                  
                    Name:Eli
                      Levitin                                                                
                      

                  

                	 	
                  Name:                                                              
                                     
                     

                
	
                  
                    Title:
                      Manager                                                                    
                      

                  

                	 	
                  Title:                                       
                                                              
                     

                
	 	 	 
	 	 	 
	
                  Mailing
                    Address:

                	 	
                  Telephone
                    No.:                                                                
                     

                
	                                                                       	 	
                  Facsimile
                    No:                                                                   
                     

                
	                                                                       	 	
                  Email
                    Address:                                                                
                     

                
	                                                                       	 	 
	
                  (City,
                    State and Zip)

                	 	 

        

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      OMNIBUS
        INVESTOR SIGNATURE PAGE TO

      GUARANTY
        AND PLEDGE AGREEMENT

      

      The
        undersigned, in its capacity as an Investor, hereby executes and delivers
        the
        Guaranty and Pledge Agreement to which this signature page is attached and
        agrees to be bound by the Guaranty and Pledge Agreement on the date set forth
        on
        the first page of the Guaranty and Pledge Agreement. This counterpart signature
        page, together with all counterparts of the Guaranty and Pledge Agreement
        and
        signature pages of the other parties named therein, shall constitute one
        and the
        same instrument in accordance with the terms of the Guaranty and Pledge
        Agreement.

      
        
           

          
            	
                    
                      
                        Kenneth
                          Greif                                                                     
                          

                      

                    

                  	 	                                                                       
                    
	
                    [Print
                      Name of Investor]

                  	 	
                    [Name
                      of Co-Investor, if applicable]

                  
	 	 	 
	
                    
                      
                        /s/
                          Kenneth
                          Greif                                                                
                          

                      

                    

                  	 	                                                                       
                    
	
                    [Signature]

                  	 	
                    [Signature]

                  
	 	 	 
	
                    
                      
                        Name:Kenneth
                          Greif                                                         
                          

                      

                    

                  	 	
                    Name:                                                              
                                       
                       

                  
	
                    
                      
                        Title:Investor                                                                     
                          

                      

                    

                  	 	
                    Title:                                       
                                                                
                       

                  
	 	 	 
	 	 	 
	
                    Mailing
                      Address:

                  	 	
                    Telephone
                      No.:                                                                
                       

                  
	                                                                       	 	
                    Facsimile
                      No:                                                                   
                       

                  
	                                                                       	 	
                    Email
                      Address:                                                                
                       

                  
	                                                                       	 	 
	
                    (City,
                      State and Zip)

                  	 	 

          

        

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      OMNIBUS
        INVESTOR SIGNATURE PAGE TO

      GUARANTY
        AND PLEDGE AGREEMENT

      

      The
        undersigned, in its capacity as an Investor, hereby executes and delivers
        the
        Guaranty and Pledge Agreement to which this signature page is attached and
        agrees to be bound by the Guaranty and Pledge Agreement on the date set forth
        on
        the first page of the Guaranty and Pledge Agreement. This counterpart signature
        page, together with all counterparts of the Guaranty and Pledge Agreement
        and
        signature pages of the other parties named therein, shall constitute one
        and the
        same instrument in accordance with the terms of the Guaranty and Pledge
        Agreement.

      
        
           

          
            	
                    
                      
                        Larry
                          Horn                                                                           
                          

                      

                    

                  	 	                                                                       
                    
	
                    [Print
                      Name of Investor]

                  	 	
                    [Name
                      of Co-Investor, if applicable]

                  
	 	 	 
	
                    
                      
                        /s/
                          Larry
                          Horn                                                                     
                          

                      

                    

                  	 	                                                                       
                    
	
                    [Signature]

                  	 	
                    [Signature]

                  
	 	 	 
	
                    
                      
                        Name:Larry
                          Horn                                                               
                          

                      

                    

                  	 	
                    Name:                                                              
                                       
                       

                  
	
                    
                      
                        Title:Investor                                                                     
                          

                      

                    

                  	 	
                    Title:                                       
                                                                
                       

                  
	 	 	 
	 	 	 
	
                    Mailing
                      Address:

                  	 	
                    Telephone
                      No.:                                                                
                       

                  
	                                                                       	 	
                    Facsimile
                      No:                                                                   
                       

                  
	                                                                       	 	
                    Email
                      Address:                                                                
                       

                  
	                                                                       	 	 
	
                    (City,
                      State and Zip)

                  	 	 

          

        

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      OMNIBUS
        INVESTOR SIGNATURE PAGE TO

      GUARANTY
        AND PLEDGE AGREEMENT

      

      The
        undersigned, in its capacity as an Investor, hereby executes and delivers
        the
        Guaranty and Pledge Agreement to which this signature page is attached and
        agrees to be bound by the Guaranty and Pledge Agreement on the date set forth
        on
        the first page of the Guaranty and Pledge Agreement. This counterpart signature
        page, together with all counterparts of the Guaranty and Pledge Agreement
        and
        signature pages of the other parties named therein, shall constitute one
        and the
        same instrument in accordance with the terms of the Guaranty and Pledge
        Agreement.

      
        
          
             

            
              	
                      
                        
                          
                            JLF
                              Offshore Fund,
                              Ltd.                                                    
                              

                          

                        

                      

                    	 	                                                                       
                      
	
                      [Print
                        Name of Investor]

                    	 	
                      [Name
                        of Co-Investor, if applicable]

                    
	 	 	 
	
                      
                        
                          
                            /s/
                              Hien
                              Tran                                                                       
                              

                          

                        

                      

                    	 	                                                                       
                      
	
                      [Signature]

                    	 	
                      [Signature]

                    
	 	 	 
	
                      
                        
                          
                            Name:Hien
                              Tran                                                                
                              

                          

                        

                      

                    	 	
                      Name:                                                              
                                         
                         

                    
	
                      
                        
                          
                            Title:CFO                                                                            

                          

                        

                      

                    	 	
                      Title:                                       
                                                                  
                         

                    
	 	 	 
	 	 	 
	
                      Mailing
                        Address:

                    	 	
                      Telephone
                        No.:                                                                
                         

                    
	                                                                       	 	
                      Facsimile
                        No:                                                                   
                         

                    
	                                                                       	 	
                      Email
                        Address:                                                                
                         

                    
	                                                                       	 	 
	
                      (City,
                        State and Zip)

                    	 	 

            

          

        

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      OMNIBUS
        INVESTOR SIGNATURE PAGE TO

      GUARANTY
        AND PLEDGE AGREEMENT

      

      The
        undersigned, in its capacity as an Investor, hereby executes and delivers
        the
        Guaranty and Pledge Agreement to which this signature page is attached and
        agrees to be bound by the Guaranty and Pledge Agreement on the date set forth
        on
        the first page of the Guaranty and Pledge Agreement. This counterpart signature
        page, together with all counterparts of the Guaranty and Pledge Agreement
        and
        signature pages of the other parties named therein, shall constitute one
        and the
        same instrument in accordance with the terms of the Guaranty and Pledge
        Agreement.

       

      
        
          	
                  
                    
                      
                        
                          William
                            Kohane                                                                  
                            

                        

                      

                    

                  

                	 	                                                                       
                  
	
                  [Print
                    Name of Investor]

                	 	
                  [Name
                    of Co-Investor, if applicable]

                
	 	 	 
	
                  
                    
                      
                        
                          /s/
                            William
                            Kohane                                                            
                            

                        

                      

                    

                  

                	 	                                                                       
                  
	
                  [Signature]

                	 	
                  [Signature]

                
	 	 	 
	
                  
                    
                      
                        
                          Name:William
                            Kohane                                                      
                            

                        

                      

                    

                  

                	 	
                  Name:                                                              
                                     
                     

                
	
                  
                    
                      
                        
                          Title:Investor                                                                     
                            

                        

                      

                    

                  

                	 	
                  Title:                                       
                                                              
                     

                
	 	 	 
	 	 	 
	
                  Mailing
                    Address:

                	 	
                  Telephone
                    No.:                                                                
                     

                
	                                                                       	 	
                  Facsimile
                    No:                                                                   
                     

                
	                                                                       	 	
                  Email
                    Address:                                                                
                     

                
	                                                                       	 	 
	
                  (City,
                    State and Zip)

                	 	 

        

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      OMNIBUS
        INVESTOR SIGNATURE PAGE TO

      GUARANTY
        AND PLEDGE AGREEMENT

      

      The
        undersigned, in its capacity as an Investor, hereby executes and delivers
        the
        Guaranty and Pledge Agreement to which this signature page is attached and
        agrees to be bound by the Guaranty and Pledge Agreement on the date set forth
        on
        the first page of the Guaranty and Pledge Agreement. This counterpart signature
        page, together with all counterparts of the Guaranty and Pledge Agreement
        and
        signature pages of the other parties named therein, shall constitute one
        and the
        same instrument in accordance with the terms of the Guaranty and Pledge
        Agreement.

      
        
           

          
            	
                    
                      
                        
                          
                            
                              Longview
                                Fund,
                                LP                                                            
                                

                            

                          

                        

                      

                    

                  	 	                                                                       
                    
	
                    [Print
                      Name of Investor]

                  	 	
                    [Name
                      of Co-Investor, if applicable]

                  
	 	 	 
	
                    
                      
                        
                          
                            
                              /s/
                                S. Michael
                                Rudolph                                                     
                                

                            

                          

                        

                      

                    

                  	 	                                                                       
                    
	
                    [Signature]

                  	 	
                    [Signature]

                  
	 	 	 
	
                    
                      
                        
                          
                            
                              Name:S.
                                Michael
                                Rudolph                                               
                                

                            

                          

                        

                      

                    

                  	 	
                    Name:                                                              
                                       
                       

                  
	
                    
                      
                        
                          
                            
                              Title:CFO
&
Managing
                                Member                                     
                                

                            

                          

                        

                      

                    

                  	 	
                    Title:                                       
                                                                
                       

                  
	 	 	 
	 	 	 
	
                    Mailing
                      Address:

                  	 	
                    Telephone
                      No.:                                                                
                       

                  
	                                                                       	 	
                    Facsimile
                      No:                                                                   
                       

                  
	                                                                       	 	
                    Email
                      Address:                                                                
                       

                  
	                                                                       	 	 
	
                    (City,
                      State and Zip)

                  	 	 

          

        

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      OMNIBUS
        INVESTOR SIGNATURE PAGE TO

      GUARANTY
        AND PLEDGE AGREEMENT

      

      The
        undersigned, in its capacity as an Investor, hereby executes and delivers
        the
        Guaranty and Pledge Agreement to which this signature page is attached and
        agrees to be bound by the Guaranty and Pledge Agreement on the date set forth
        on
        the first page of the Guaranty and Pledge Agreement. This counterpart signature
        page, together with all counterparts of the Guaranty and Pledge Agreement
        and
        signature pages of the other parties named therein, shall constitute one
        and the
        same instrument in accordance with the terms of the Guaranty and Pledge
        Agreement.

       

      
        
          	
                  
                    
                      
                        
                          
                            
                              Meyers
                                Venture
                                Partners                                                  
                                

                            

                          

                        

                      

                    

                  

                	 	                                                                       
                  
	
                  [Print
                    Name of Investor]

                	 	
                  [Name
                    of Co-Investor, if applicable]

                
	 	 	 
	
                  
                    
                      
                        
                          
                            
                              /s/
                                Leon
                                Meyers                                                                 
                                

                            

                          

                        

                      

                    

                  

                	 	                                                                       
                  
	
                  [Signature]

                	 	
                  [Signature]

                
	 	 	 
	
                  
                    
                      
                        
                          
                            
                              Name:Leon
                                Meyers                                                          
                                

                            

                          

                        

                      

                    

                  

                	 	
                  Name:                                                              
                                     
                     

                
	
                  
                    
                      
                        
                          
                            
                              Title:G.P.                                                                             

                            

                          

                        

                      

                    

                  

                	 	
                  Title:                                       
                                                              
                     

                
	 	 	 
	 	 	 
	
                  Mailing
                    Address:

                	 	
                  Telephone
                    No.:                                                                
                     

                
	                                                                       	 	
                  Facsimile
                    No:                                                                   
                     

                
	                                                                       	 	
                  Email
                    Address:                                                                
                     

                
	                                                                       	 	 
	
                  (City,
                    State and Zip)

                	 	 

        

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      OMNIBUS
        INVESTOR SIGNATURE PAGE TO

      GUARANTY
        AND PLEDGE AGREEMENT

      

      The
        undersigned, in its capacity as an Investor, hereby executes and delivers
        the
        Guaranty and Pledge Agreement to which this signature page is attached and
        agrees to be bound by the Guaranty and Pledge Agreement on the date set forth
        on
        the first page of the Guaranty and Pledge Agreement. This counterpart signature
        page, together with all counterparts of the Guaranty and Pledge Agreement
        and
        signature pages of the other parties named therein, shall constitute one
        and the
        same instrument in accordance with the terms of the Guaranty and Pledge
        Agreement.

      
        
           

          
            	
                    
                      
                        
                          
                            
                              
                                
                                  OrionAKDK
                                    Partners                                                        
                                    

                                

                              

                            

                          

                        

                      

                    

                  	 	                                                                       
                    
	
                    [Print
                      Name of Investor]

                  	 	
                    [Name
                      of Co-Investor, if applicable]

                  
	 	 	 
	
                    
                      
                        
                          
                            
                              
                                
                                  /s/
                                    David
                                    Kohl                                                                    
                                    

                                

                              

                            

                          

                        

                      

                    

                  	 	                                                                       
                    
	
                    [Signature]

                  	 	
                    [Signature]

                  
	 	 	 
	
                    
                      
                        
                          
                            
                              
                                
                                  Name:David
                                    Kohl                                                              
                                    

                                

                              

                            

                          

                        

                      

                    

                  	 	
                    Name:                                                              
                                       
                       

                  
	
                    
                      
                        
                          
                            
                              
                                
                                  Title:General
                                    Partner                                                         
                                    

                                

                              

                            

                          

                        

                      

                    

                  	 	
                    Title:                                       
                                                                
                       

                  
	 	 	 
	 	 	 
	
                    Mailing
                      Address:

                  	 	
                    Telephone
                      No.:                                                                
                       

                  
	                                                                       	 	
                    Facsimile
                      No:                                                                   
                       

                  
	                                                                       	 	
                    Email
                      Address:                                                                
                       

                  
	                                                                       	 	 
	
                    (City,
                      State and Zip)

                  	 	 

          

        

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      OMNIBUS
        INVESTOR SIGNATURE PAGE TO

      GUARANTY
        AND PLEDGE AGREEMENT

      

      The
        undersigned, in its capacity as an Investor, hereby executes and delivers
        the
        Guaranty and Pledge Agreement to which this signature page is attached and
        agrees to be bound by the Guaranty and Pledge Agreement on the date set forth
        on
        the first page of the Guaranty and Pledge Agreement. This counterpart signature
        page, together with all counterparts of the Guaranty and Pledge Agreement
        and
        signature pages of the other parties named therein, shall constitute one
        and the
        same instrument in accordance with the terms of the Guaranty and Pledge
        Agreement.

      
        
          
             

            
              	
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      Platinum
                                        Partners Value Arbitrage Fund,
                                        LP                 
                                        

                                    

                                  

                                

                              

                            

                          

                        

                      

                    	 	                                                                       
                      
	
                      [Print
                        Name of Investor]

                    	 	
                      [Name
                        of Co-Investor, if applicable]

                    
	 	 	 
	
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      /s/
                                        Marty
                                        Nordlicht                                                            
                                        

                                    

                                  

                                

                              

                            

                          

                        

                      

                    	 	                                                                       
                      
	
                      [Signature]

                    	 	
                      [Signature]

                    
	 	 	 
	
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      Name:Marty
                                        Nordlicht                                                     
                                        

                                    

                                  

                                

                              

                            

                          

                        

                      

                    	 	
                      Name:                                                              
                                         
                         

                    
	
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      Title:Managing
                                        Member of the General
                                        Partners         
                                        

                                    

                                  

                                

                              

                            

                          

                        

                      

                    	 	
                      Title:                                       
                                                                  
                         

                    
	 	 	 
	 	 	 
	
                      Mailing
                        Address:

                    	 	
                      Telephone
                        No.:                                                                
                         

                    
	                                                                       	 	
                      Facsimile
                        No:                                                                   
                         

                    
	                                                                       	 	
                      Email
                        Address:                                                                
                         

                    
	                                                                       	 	 
	
                      (City,
                        State and Zip)

                    	 	 

            

          

        

        

          
            
               

            

            
               

              
                

              

            

            
               

            

          

      

      OMNIBUS
        INVESTOR SIGNATURE PAGE TO

      GUARANTY
        AND PLEDGE AGREEMENT

      

      The
        undersigned, in its capacity as an Investor, hereby executes and delivers
        the
        Guaranty and Pledge Agreement to which this signature page is attached and
        agrees to be bound by the Guaranty and Pledge Agreement on the date set forth
        on
        the first page of the Guaranty and Pledge Agreement. This counterpart signature
        page, together with all counterparts of the Guaranty and Pledge Agreement
        and
        signature pages of the other parties named therein, shall constitute one
        and the
        same instrument in accordance with the terms of the Guaranty and Pledge
        Agreement.

       

      
        
          	
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    Aaron
                                      Wolfson                                                                  

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                	 	                                                                       
                  
	
                  [Print
                    Name of Investor]

                	 	
                  [Name
                    of Co-Investor, if applicable]

                
	 	 	 
	
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    /s/
                                      Aaron
                                      Wolfson                                                            
                                      

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                	 	                                                                       
                  
	
                  [Signature]

                	 	
                  [Signature]

                
	 	 	 
	
                  
                    
                      
                        
                          
                            
                              
                                
                                  Name:Aaron
                                    Wolfson                                                      

                                

                              

                            

                          

                        

                      

                    

                  

                	 	
                  Name:                                                              
                                     
                     

                
	
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    Title:Investor                                                                     
                                      

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                	 	
                  Title:                                       
                                                              
                     

                
	 	 	 
	 	 	 
	
                  Mailing
                    Address:

                	 	
                  Telephone
                    No.:                                                                
                     

                
	                                                                       	 	
                  Facsimile
                    No:                                                                   
                     

                
	                                                                       	 	
                  Email
                    Address:                                                                
                     

                
	                                                                       	 	 
	
                  (City,
                    State and Zip)

                	 	 

        

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      OMNIBUS
        INVESTOR SIGNATURE PAGE TO

      GUARANTY
        AND PLEDGE AGREEMENT

      

      The
        undersigned, in its capacity as an Investor, hereby executes and delivers
        the
        Guaranty and Pledge Agreement to which this signature page is attached and
        agrees to be bound by the Guaranty and Pledge Agreement on the date set forth
        on
        the first page of the Guaranty and Pledge Agreement. This counterpart signature
        page, together with all counterparts of the Guaranty and Pledge Agreement
        and
        signature pages of the other parties named therein, shall constitute one
        and the
        same instrument in accordance with the terms of the Guaranty and Pledge
        Agreement.

      
         

        
          
            	
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        Wolfson
                                          Equities                                                               
                                          

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  	 	                                                                       
                    
	
                    [Print
                      Name of Investor]

                  	 	
                    [Name
                      of Co-Investor, if applicable]

                  
	 	 	 
	
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        /s/
                                          Aaron
                                          Wolfson                                                             

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  	 	                                                                       
                    
	
                    [Signature]

                  	 	
                    [Signature]

                  
	 	 	 
	
                    
                      
                        
                          
                            
                              
                                
                                  
                                    Name:Aaron
                                      Wolfson                                                      
                                      

                                  

                                

                              

                            

                          

                        

                      

                    

                  	 	
                    Name:                                                              
                                       
                       

                  
	
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        Title:Managing
                                          General
                                          Partner                                      
                                          

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  	 	
                    Title:                                       
                                                                
                       

                  
	 	 	 
	 	 	 
	
                    Mailing
                      Address:

                  	 	
                    Telephone
                      No.:                                                                
                       

                  
	                                                                       	 	
                    Facsimile
                      No:                                                                   
                       

                  
	                                                                       	 	
                    Email
                      Address:                                                                
                       

                  
	                                                                       	 	 
	
                    (City,
                      State and Zip)Exhibit
      4.4

    

    AMENDMENT
      TO EMPLOYMENT AGREEMENT

    BETWEEN
      VOIP INC. AND ROBERT STAATS

    

    The
      within is an Amendment to the Employment Agreement executed on May 17, 2006
      between
      VOIP INC.
      , a
      Texas corporation (the “Company”) and
      ROBERT STAATS
      (the
“Executive”).

    

    WHEREAS,
      the
      Company and the Executive entered into an employment agreement executed on
      May
      17, 2006 (“Prior Agreement”); and

    

    WHEREAS,
      the
      Company and the Executive desire to reaffirm and amend the Prior
      Agreement.

    

    NOW,
      THEREFORE, IN CONSIDERATION OF THE MUTUAL COVENANTS AND PROMISES AND OTHER
      GOOD
      AND VALUABLE CONSIDERATION, THE RECEIPT OF WHICH IS HEREBY ACKNOWLEDGED, IT
      IS
      MUTUALLY AGREED AS FOLLOWS:

    

    1.  Amendments
      Valid and Subsisting.
      The
      Company and Executive agree that the Prior Agreement is valid, subsisting and
      binding. Annexed hereto and made a part hereof and marked EXHIBIT A is a true
      copy of the Prior Agreement as executed.

    

    2.  Stock
      Compensation.
      The
      Company and Executive agree that Section 2.3 of the Prior Agreement is
      revised as follows:

    

    The
      Company, upon execution of the within Amendment, agrees to issue to Executive
      2,000,000 shares of Common Stock of the Company, par value $0.001 (the “Common
      Stock”) of the Company. The Company further agrees to use its best efforts to
      register these shares in the next registration statement filed by
      Company.

    

    3.  Performance
      Bonus. 
      The
      Company and Executive agree that the last sentence of Section 2.1 of the
      Prior Agreement is revised as follows:

    

    Executive
      shall have the opportunity to earn a performance bonus in accordance with the
      Company's Performance Bonus Plan; as such plan may be modified over time.
      Pursuant to the Performance Bonus Plan, Executive will have a target bonus
      for
      meeting established performance objectives. The Bonus shall consist of
      performance-based stock options which and shall be included in the Company's
      Employee Stock Option Plan. In the event the performance criteria and formal
      Bonus Plan is not in effect at any time during the term of this Agreement,
      then
      during said time that the Bonus Plan is not in effect, the Company will pay
      a
      $7,500 cash bonus per quarter to Executive until the Performance Bonus Plan
      is
      in place, effective October 1, 2006.

    

    4.
      Other
      Benefits.
      The
      Company and Executive agree that Section 3.2 of the Prior Agreement is
      revised to add the following:

    

    Executive
      will also be entitled to a monthly vehicle allowance of
      $750.00.

    

    5.  Board
      Approval.
      The
      Company warrants and represents to Executive that the Board of Directors of
      the
      Company has ratified, adopted and approved the within Agreement, and that the
      Company will take the necessary action to file the appropriate Disclosure Report
      with the Securities and Exchange Commission.

    

    IN
      WITNESS WHEREOF,
      the
      undersigned have set their hands and seals this 4th day of May,
      2007.

     

    
      	 	 	 
	 	
              VOIP
                INC.

            
	 
 	 
 	 
 
	
            	By:  	/s/
              Anthony Cataldo
	 	
              
Anthony
              Cataldo, CEO

    

    
      	 	 	 
	 	 	 
	
            	By:  	/s/
              Robert Staats
	 	
              
Robert
              Staats

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]