Document:

Exhibit
      4.2

    

    PITER
      KOROMPIS CONSULTING AGREEMENT

    

    AGREEMENT,
      effective as of the 20th
      day of
      November, 2006, between VoIP,
      INC.,
      a Texas
      Corporation (the “Company”), with its principal address at 151 South Wymore Rd.,
      Suite 3000 Altamonte Springs Florida, and Piter Korompis an individual c/o
      Austindo Foods, Pty, Level 1, 585 Burwood Road, Hawthorn, Victoria 3122,
      Australia ("Consultant").

    

    WITNESSETH:

    

    WHEREAS,
      the
      Company and Consultant desire to enter into a consulting agreement for certain
      consulting services.

    

    NOW
      THEREFORE, IN CONSIDERATION OF THE PREMISES AND THE MUTUAL PROMISES SET FORTH
      HEREIN, THE PARTIES HERETO AGREE AS FOLLOWS:

    

    1.  Consultant
      shall serve as a consultant to the Company on general corporate matters and
      provide the business development services listed in the attached Exhibit A
      for a
      term of twelve months from the effective date of this Agreement.

    

    2.  
      The
      Company shall be entitled to Consultant’s services for reasonable times when and
      to the extent requested by, and subject to the direction of Anthony Cataldo.
      

    

    3.  Consultant
      shall provide Company periodic written reports as required concerning the status
      of various projects assigned to Consultant.

    

    4.  All
      expenses and disbursements in excess of $1000 in the aggregate in any given
      calendar month will require written approval by an authorized employee of the
      Company. All reasonable travel and other expenses approved by the Company and
      incurred by Consultant to render such services shall be reimbursed by the
      Company promptly upon receipt of proper statements, including appropriate
      documentation, with regard to the nature and amount of those expenses. Company
      shall pay expenses within five (5) business days of the receipt of a request
      with appropriate documentation.

    

    5.  In
      consideration for the services performed by Consultant, the Consultant will
      receive the sum of 1,000,000 shares of the Company’s common stock, par value
      $.001 (the “Common Stock”). 

    

    6.  Except
      in
      cases of this Agreement being terminated for Consultant being convicted of
      a
      felony or Consultant’s incapacity (as more fully set forth herein) or death of
      Consultant, Consultant will be entitled to receive all payments due under this
      agreement.

    

    7.  In
      the
      event Consultant should die during the term of this Agreement or becomes
      disabled so that he can not perform under this Agreement for a period exceeding
      three
      consecutive months, Consultant or his estate, as the case may be, will be
      entitled to the fee earned for services performed under this Agreement.

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

       

    

    8.  It
      is the
      express intention of the parties that the Consultant is an independent
      contractor and not an employee or agent of the Company. Nothing in this
      agreement shall be interpreted or construed as creating or establishing the
      relationship of employer and employee between the Consultant and the Company.
      Both parties acknowledge that the Consultant is not an employee for state or
      federal tax purposes. The Consultant shall retain the right to perform services
      for others during the term of this agreement provided those services do not
      conflict with those provided by Company or the tasks assigned to Consultant
      by
      the Company.

    

    9.  For
      purposes of this Agreement, Intellectual Property will mean (i) works, ideas,
      discoveries, or inventions eligible for copyright, trademark, patent or trade
      secret protection; and (ii) any applications for trademarks or patents, issued
      trademarks or patents, or copyright registrations regarding such items. Any
      items of Intellectual Property discovered or developed by the Consultant (or
      the
      Consultant’s employees) during the term of this Agreement will be the property
      of the Consultant, subject to the irrevocable right and license of the Company
      to make, use or sell products and services derived from or incorporating any
      such Intellectual Property without payment of royalties. Such rights and license
      will be exclusive during the term of this Agreement, and any extensions or
      renewals of it. After termination of this Agreement, such rights and license
      will be nonexclusive, but will remain royalty-free. Notwithstanding the
      preceding, the textual and/or graphic content of materials created by the
      Consultant under this Agreement (as opposed to the form or format of such
      materials) will be, and hereby are, deemed to be “works made for hire” and will
      be the exclusive property of the Company. Each party agrees to execute such
      documents as may be necessary to perfect and preserve the rights of either
      party
      with respect to such Intellectual Property.

    

    10.  This
      agreement supersedes any and all agreements, either oral or written, between
      the
      parties hereto with respect to the rendering of services by the Consultant
      for
      the Company and contains all the covenants and agreements between the parties
      with respect to the rendering of such services in any manner whatsoever. Each
      party to this agreement acknowledges that no representations, inducements,
      promises, or agreements, orally or otherwise, have been made by any party,
      or
      anyone acting on behalf of any party, which are not embodied herein, and that
      no
      other agreement, statement, or promise not contained in this agreement shall
      be
      valid or binding. Any modification of this agreement will be effective only
      if
      it is in writing signed by the party to be charged.

    

    11.  The
      written, printed, graphic, or electronically recorded materials furnished by
      the
      Company for use by the Consultant are Proprietary Information and are the
      property of the Company. Proprietary Information includes, but is not limited
      to, product specifications and/or designs, pricing information, specific
      customer requirements, customer and potential customer lists, and information
      on
      Company’s employees, agent, or divisions. The Consultant shall maintain in
      confidence and shall not, directly or indirectly, disclose or use, either during
      or after the term of this agreement, any Proprietary Information, confidential
      information, or know-how belonging to the Company, whether or not is in written
      form, except to the extent necessary to perform services under this agreement.
      On termination of the Consultant’s services to the Company, or at the request of
      the Company before termination, the Consultant shall deliver to the Company
      all
      material in the Consultant’s possession relating to the Company’s
      business.

    

    12.  The
      obligations regarding Proprietary Information extend to information belonging
      to
      customers and suppliers of the Company about which the Consultant may have
      gained knowledge as a result of performing services hereunder.

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

       

    

    13.  The
      Company will indemnify and hold harmless Consultant from any claims or damages
      related to statements prepared by or made by Consultant that are either approved
      in advance by the Company or entirely based on information provided by the
      Company.

    

    14.  Neither
      this agreement nor any duties or obligations under this agreement may be
      assigned by the Consultant without the prior written consent of the
      Company.

    

    15.  Any
      notices to be given hereunder by either party to the other may be given either
      by personal delivery in writing or by mail, registered or certified, postage
      prepaid with return receipt requested. Mailed notices shall be addressed to
      the
      parties at the addresses appearing in the introductory paragraph of this
      agreement, but each party may change the address by written notice in accordance
      with the paragraph. Notices delivered personally will be deemed communicated
      as
      of actual receipt; mailed notices will be deemed communicated as of two business
      days after mailing.

    

    16.  This
      agreement will be governed by and construed in accordance with the laws of
      the
      State of Florida, without regard to its conflicts of laws provisions; and the
      parties agree that the proper venue for the resolution of any disputes hereunder
      shall be Florida.

    
      	 	 	 
	 	
              Company:

              VOIP,
                INC.

            
	 
 	 
 	 
 
	 	By:  	   
	 	Consultant: 
	 	    
	 	PITER KOROMPIS
	 	 

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    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

            

    

     

    
      
        
        

      

      
        4Exhibit
      10.1

    

    PROMISSORY
      NOTE

    

    
      	
              $133,333.00

            	
              November
                27, 2006

            

    

     

    FOR
      VALUE
      RECEIVED, the undersigned VoIP, INC., a Texas corporation (“Debtor”), promises
      to pay to the order of WHALEHAVEN CAPITAL FUND, LIMITED, or its successors
      or
      assigns (“Lender”), on December 4, 2006 or on demand (“Maturity Date”) at
      3rd
      Floor,
      14 Par-Laville Road, Hamilton, Bermuda HM08, or at such other place as the
      Lender may designate from time to time in writing to the Debtor, in lawful
      money
      of the United States of America, the principal sum of One Hundred Thirty Three
      Thousand Three Hundred Thirty Three Dollars ($133,333.00), together with
      interest on the unpaid principal balance of the Note from the date hereof until
      paid at twelve percent (12%) per annum. In the event Debtor’s default hereunder,
      interest on amounts past due pursuant to this Note shall be paid at a rate
      of
      eighteen percent (18%) per annum. Interest shall be computed on the basis of
      a
      360-day year, rate of eighteen percent (18%) per annum. Interest shall be
      computed on the basis of a 360-day year.

    

    Lender
      shall also be entitled to receive 5-year warrants to purchase available shares
      of Debtor’s common stock exercisable at $0.475 a warrant share (the “Exercise
      Price”). The number of warrants Lender shall receive will be based upon the
      amount due under this Promissory Note as of the Maturity Date divided by the
      Exercise Price, and the warrants shall contain a cashless exercise
      feature.

    

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

    

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

    

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

    

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

    

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

     

    
      	 	 	
              VoIP,
                INC.

            
	 	 	 
	 	
              By:

            	
              /s/
                Robert
                Staats                                                  
                                                                                          
                

            
	 	
              Name:

            	
              Robert
                Staats

            
	 	
              Title:

            	
              Chief
                Accounting Officer

            
	
              Attest:

            	 	 

    

     

    ____________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]