Document:

Exhibit
      10.2

    

    ADDENDUM
      TO ASSIGNMENT OF SECURED SUBORDINATED PROMISSORY NOTE

    

    This
      Addendum to Assignment of Secured Subordinated Promissory Note (this “Addendum”)
      is entered into as of January 31, 2007, by and among CEDAR BOULEVARD LEASE
      FUNDING LLC (“Cedar”), VoIP, Inc., a Delaware corporation (“VoIP”), Caerus,
      Inc., a Delaware corporation (“Caerus”), Volo Communications, Inc., a Delaware
      corporation (“Volo”), Caerus Networks, Inc., a Delaware corporation (“Caerus
      Networks”), Caerus Billing, Inc., a Delaware corporation (“Caerus Billing”),
      Volo Communications of Arizona, Inc., a Delaware corporation (“Volo Arizona”),
      Volo Communications of California, Inc., a Delaware corporation (“Volo
      California”), Volo Communications of Colorado, Inc., a Delaware corporation
      (“Volo Colorado”), Volo Communications of Connecticut, Inc., a Delaware
      corporation (“Volo Connecticut”), Volo Communications of Delaware, Inc., a
      Delaware corporation (“Volo Delaware”), Volo Communications of Florida, Inc., a
      Delaware corporation (“Volo Florida”), Volo Communications of Georgia, Inc., a
      Delaware corporation (“Volo Georgia”), Volo Communications of Idaho, Inc., a
      Delaware corporation (“Volo Idaho”), Volo Communications of Illinois, Inc., a
      Delaware corporation (“Volo Illinois”), Volo Communications of Indiana, Inc., a
      Delaware corporation (“Volo Indiana”), Volo Communications of Maryland, Inc., a
      Delaware corporation (“Volo Maryland”), Volo Communications of Massachusetts,
      Inc., a Delaware corporation (“Volo Massachusetts”), Volo Communications of
      Michigan, Inc., a Delaware corporation (“Volo Michigan”), Volo Communications of
      Nevada, Inc., a Delaware corporation (“Volo Nevada”), Volo Communications of New
      Hampshire, Inc., a Delaware corporation (“Volo New Hampshire”), Volo
      Communications of New Jersey, Inc., a Delaware corporation (“Volo New Jersey”),
      Volo Communications of New York, Inc., a Delaware corporation (“Volo New York”),
      Volo Communications of North Carolina, Inc., a Delaware corporation (“Volo North
      Carolina”), Volo Communications of Ohio, Inc., a Delaware corporation (“Volo
      Ohio”), Volo Communications of Pennsylvania, Inc., a Delaware corporation (“Volo
      Pennsylvania”), Volo Communications of Rhode Island, Inc., a Delaware
      corporation (“Volo Rhode Island”), Volo Communications of Texas, Inc., a
      Delaware corporation (“Volo Texas”), Volo Communications of Vermont, Inc., a
      Delaware corporation (“Volo Vermont”), Volo Communications of Virginia, Inc., a
      Delaware corporation (“Volo Virginia”), Volo Communications of Washington, Inc.,
      a Delaware corporation (“Volo Washington”), Volo Communications of Wisconsin,
      Inc., a Delaware corporation (“Volo Wisconsin”) and Volo Communications of South
      Carolina, Inc., a Delaware corporation (“Volo South Carolina”, and together with
      VoIP, Caerus, Volo, Caerus Networks, Caerus Billing, Volo Arizona, Volo
      California, Volo Colorado, Volo Connecticut, Volo Delaware, Volo Florida, Volo
      Georgia, Volo Idaho, Volo Illinois, Volo Indiana, Volo Maryland, Volo
      Massachusetts, Volo Michigan, Volo Nevada, Volo New Hampshire, Volo New Jersey,
      Volo New York, Volo North Carolina, Volo Ohio, Volo Pennsylvania, Volo Rhode
      Island, Volo Texas, Volo Vermont, Volo Virginia, Volo Washington and Volo
      Wisconsin, the “Borrower”), and the parties set forth on the signature pages
      hereto as subscribers (collectively, the “Buyer”), and is an integral part and
      supplements the terms and conditions of that certain Assignment of Secured
      Subordinated Promissory Note issued by Borrower to Cedar on June 1, 2004, in
      the
      principal amount of $7,000,000 issued by Borrower to Cedar
      (the
“Debenture”).

    

    NOW,
      THEREFORE, for good and valuable consideration, Cedar, Borrower and Buyer agree
      as follows:

     

    1.
      Purchase and Sale. Subject to the terms and conditions of this Addendum, Buyer
      agrees to purchase from Cedar and Cedar agrees to sell to Buyer, all outstanding
      principal, interest and other sums due and owing under the Debenture
(the
      “Assigned Loan”) and all right, title and interest of Cedar as "Lender" under
the
      Debentures
      and other agreements and instruments identified on Exhibit A hereto (the
“Assigned
      Loan Documents”). The sale, transfer and assignment of the Assigned Loans and
      Assigned Loan Documents is and shall be without recourse and without any
      representation or warranty by Cedar of any kind or nature whatsoever, expressed
      or implied, except only such representations and warranties of Cedar as are
      expressly and specifically provided in
      Section
      7 of
      this
      Addendum. Buyer acknowledges and agrees that Buyer shall have no right to use
      the name or other business identification of Cedar. Notwithstanding anything
      to
      the contrary, Cedar is not selling to Buyer and Buyer is not acquiring any
      right, title or interest in any payments, cash, cash equivalents or uncashed
      checks received by Cedar prior to January 31, 2007 and any right, title and
      interest in any equity securities of the Borrower or its respective affiliates
      including, but not limited to rights under that certain Amended and Restated
      Warrant Agreement dated June 1, 2004 by and between Borrower and Cedar; 2.
      Warrant Agreement dated as of October 1, 2004, by and between Borrower and
      Cedar
      granting Cedar the right to Purchase 383,010 shares of Preferred Stock of
      Borrower, 3. Stock Purchase Warrant dated June 1, 2005 by VOIP, Inc., and 4.
      Stock Purchase Warrant dated January 5, 2006 by VOIP, Inc. ("Excluded Assets").
      

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    2. Consideration.
      The consideration to be given by Buyer to Cedar for the Assigned Loans
and
      the
      Assigned Loan Documents shall
      be
      $1,600,000.00 (the
      “Purchase Price”),
      and
      Borrower shall pay an additional $200,000 directly to Cedar (the “Borrower
      Payment”).

     

    3. Closing.
      The consummation of the sale and purchase pursuant to this Addendum (the
“Closing”) is contemplated to occur on or before January 31, 2007 (the “Closing
      Date”) upon satisfaction of all conditions to Closing. As a condition precedent
      to the Closing, Buyer
      agrees to wire transfer to Cedar the Purchase Price on or before the Closing
      Date and to deliver to Cedar the Buyer’s Closing Items (hereinafter
      defined),
      and
      Borrower agrees to wire transfer to Cedar the Borrower Payment in
      accordance with wiring instructions set forth in Schedule 1 attached hereto.
      Upon confirmation of receipt of the Purchase Price and Borrower Payment, Cedar
      will deliver Cedar’s Closing Documents (hereinafter defined) to Buyer. Cedar may
      unilaterally terminate this Addendum if
      either
      (a) the Borrower Payment is not made by the Closing Date, (b) the Purchase
      Price
      is not paid by the Closing Date, or (c) the Closing has not occurred by the
      Closing Date.

     

    (a) Buyer
      shall pay the Purchase Price by wire transfer in immediately available United
      States funds to the following account (the “Seller Account”):

     

    [Wire
      Instructions]

     

    4. Purchase
      and Sale.

     

    (a) Effective
      upon the Closing, and subject to and conditioned upon the terms, covenants,
      limitations, and conditions contained herein, Cedar hereby sells, transfers,
      and
      assigns to Buyer, and Buyer hereby purchases and accepts from Cedar, in each
      case on and as of the Closing Date, all of Cedar’s right, title and interest,
      in, to, and under the Assigned Loans and the Assigned Loan Documents, other
      than
      any right, title or interest in the Excluded Assets.

     

    (b) Buyer
      shall assume, at the Closing, all of the obligations of Cedar under or in
      connection with the Assigned Loans or the Assigned Loan Documents, of every
      kind
      or nature whatsoever, existing on the date of Closing or arising thereafter.
      With the exception of the Borrower Payment, if Cedar receives any payments
      from
      the
Borrower with
      respect to the Assigned Loan after January 31, 2007, Cedar will forward those
      payments to Buyer. 

     

    5. Cedar’s
      Closing Documents. In connection with the Closing, Cedar shall deliver to Buyer,
      as provided in Section 3, the following documents (collectively “Cedar’s Closing
      Documents”):

     

    (a) original
      Note and copies of the Assigned
      Loan Documents identified on Exhibit A hereto.

     

    (b) An
      Assignment and Assumption of Assigned Loan Documents, in the form attached
      hereto as Exhibit B,
      duly
      executed by Cedar, assigning and transferring to Buyer all of Cedar’s rights and
      interests in and to the Assigned Loan Documents, and assumption of the same
      by
      Buyer. 

     

    (c) Written
      Notice of Assignment of the Assigned Loans, in the form attached hereto as
      Exhibit C,
      duly
      executed by Cedar instructing Borrower to remit all payments to Buyer or its
      agents.

     

    (d) Any
      other
      documents reasonably required by Buyer to effect the transactions contemplated
      hereunder.

    

    6. Buyer’s
      Closing Obligations. In connection with the Closing, Buyer shall deliver to
      Cedar, the following (collectively “Buyer’s Closing Items”):

     

    (a) The
      Assignment and Assumption of Assigned Loan Documents, in the form attached
      hereto as Exhibit B, duly executed by Buyer.

     

    (b) The
      Acknowledgement, Agreement and Consent, attached as a signature page
      hereto.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    7. Representations
      and Warranties and Covenants of Cedar. Cedar hereby represents and warrants
      and
      covenants to Buyer as follows:

     

    (a) Cedar
      is
      a limited liability company duly formed and validly existing under Delaware
      law.

    

    (b) Cedar
      has
      the full power and authority to execute, deliver and perform this Addendum
      and
      to enter into and consummate the transactions contemplated by this Addendum.
      Cedar has duly authorized the execution, delivery and performance of this
      Addendum, has duly executed and delivered this Addendum and this Addendum
      constitutes a legal, valid and binding obligation of Cedar, enforceable against
      Cedar in accordance with its terms.

     

    (c) Cedar
      has
      received only one payment from Borrower since January 11, 2007, which payment
      totaled $250,000 and was made in accordance with Section 1.a.ii of the Waiver
      and Amendment Agreement dated January 23, 2007 by and among Cedar and certain of
      the Borrowers (the “Waiver”), pursuant to which Borrowers represented and
      acknowledged that the total amount due and owing under the Assigned Loan,
      exclusive of professional fees and other expenses, as of January 11, 2007,
      was
      $2,152,580.85. Of the $250,000, $235,000 was applied against principal and
      interest due and owing under the Assigned Loan Documents.

    

    (d) Cedar
      is
      the legal and beneficial owner and holder of the Assigned Loans and Cedar has
      not pledged, assigned or otherwise previously transferred the Assigned Loans.
      The Assigned Loan Documents are free and clear of any adverse claims created
      by
      Cedar or any liens, encumbrances, etc. whatsoever. 

    

    (e) Cedar
      has
      not modified or amended the Assigned Loans,
      except
      as set forth in the Assigned Loan Documents. 

     

    8. Representations
      and Warranties of Buyer. Buyer hereby represents and warrants to
      Cedar:

     

    (a) Each
      Buyer has all requisite power and authority to execute, deliver and perform
      this
      Addendum and to enter into and consummate the transactions contemplated by
      this
      Addendum. The officer or officers of each Buyer who shall execute and deliver
      this Addendum have been duly authorized to do so by all requisite action on
      the
      part of each Buyer.
      Each
      Buyer has duly authorized the execution, delivery and performance of this
      Addendum, has duly executed and delivered this Addendum and this Addendum
      constitutes a legal, valid and binding obligation of such Buyer, enforceable
      against such Buyer in accordance with its terms. 

     

    (c) Buyer
      has
      made such examination, review and investigation of the Assigned Loan Documents
      and the Assigned Loan, and of any and all facts and circumstances necessary
      to
      evaluate the Assigned Loan Documents and the Assigned Loan it has deemed
      necessary or appropriate. Except for the representations and warranties
      specifically and expressly made by Cedar above (a) Buyer has been and will
      continue to be solely responsible for Buyer’s own independent investigations as
      to all aspects of the transactions contemplated; and (b) Buyer has not relied
      upon any expressed or implied, written or oral, representation, warranty or
      other statement by or on behalf of Cedar concerning any of the, except for
      such
      representations and warranties of Cedar as are specifically and expressly
      provided in this Addendum.

     

    (d) Buyer
      is
      acquiring the Assigned Loan and Assigned Loan Documents without any view either
      to participate in (other than as described in this Addendum), or to sell the
      Assigned Loan and Assigned Loan Documents in connection with, any public
      distribution thereof, and Buyer has no intention of making any distribution
      of
      the Assigned Loan and Assigned Loan Documents in a manner which would violate
      applicable securities laws; provided, however, that nothing in this Addendum
      shall restrict or limit in any way Buyer’s ability and right to dispose of all
      or part of the Assigned Loan and Assigned Loan Documents in accordance with
      such
      laws if at some future time Buyer deems it advisable to do so; and, provided,
      further, that Buyer and any party acquiring all or any portion of the Assigned
      Loan and Assigned Loan Documents or any proceeds thereof from Buyer, other
      than
      Cedar or Cedar
      or
any
      successor, must agree in writing with Cedar to be bound (or to continue to
      be
      bound) by this Addendum.

     

    9. Representation
      of Borrower. Borrower hereby represents and acknowledges the absence of any
      any
      valid offset, defense, counterclaim or right of rescission as to the Assigned
      Loan.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    10. Taxes.
      Each party shall be responsible for the payment of all taxes and charges,
      including sales and transfer taxes and recording taxes, resulting from or
      payable in connection with Cedar’s assignment of the Assigned Loan and the
      Assigned Loan Documents for which each party is liable as a matter of law..
      No
      party shall have the obligation to pay taxes due by another party.

     

    11. Borrower’s
      Release. In consideration of the benefits provided to Borrower under the terms
      and provisions of this Addendum, Borrower hereby agrees as follows:

     

    (a) Borrower,
      for itself and on behalf of its respective successors and assigns, does hereby
      release, acquit and forever discharge Cedar, and the past or present officers,
      directors, attorneys, affiliates, employees and agents of Cedar, from any and
      all claims, demands, obligations, liabilities, causes of action, offsets,
      damages, costs or expenses, of every type, kind or nature, whether known or
      unknown, suspected or unsuspected, liquidated or unliquidated that Borrower
      now
      has or may acquire against any one or more of them, arising out of events or
      transactions which occurred before its execution of this Addendum (each a
“Released Claim” and collectively, the “Released Claims”), including without
      limitation, those Released Claims arising out of or connected with the
      transactions arising under or related to the Assigned Loans or Assigned Loan
      Documents.

     

    (b) Each
      individual signing this Addendum on behalf of Borrower acknowledges that he
      or
      she has read each of the provisions of this section, and has had the opportunity
      to review the legal consequences of this section with an attorney. Borrower
      acknowledges and agrees that it is aware of, familiar with, understands, and
      expressly waives the provisions of Section 1542 of the California Civil Code,
      and any other similar statute, code, law or regulation to the fullest extent
      it
      may waive such rights and benefits. Section 1542 provides:

     

    A
      general
      release does not extend to claims which the creditor does not know or suspect
      to
      exist in his favor at the time of executing the release, which if known by
      him
      must have materially affected his settlement with the debtor.

    

    12. Further
      Assurances.

     

    (a) Effective
      upon the Closing, Cedar, Borrower and Buyer each hereby covenant and agree
      to
      execute and deliver all such documents and instruments, and to take such further
      actions as may be reasonably necessary or appropriate, from time to time, to
      carry out the intent and purpose of this Addendum and to consummate the
      transactions contemplated hereby. 

     

    13. Miscellaneous.

     

    (a) Notices.
      Unless otherwise provided in this Addendum, all notices or demands by any party
      relating to this Addendum or any other agreement entered into in connection
      herewith shall be in writing and (except for financial statements and other
      informational documents which may be sent by first-class mail, postage prepaid)
      shall be personally delivered or sent by a recognized overnight delivery
      service, certified mail, postage prepaid, return receipt requested, or by
      telefacsimile to Cedar or Buyer, as the case may be, at its addresses set forth
      below:

     

    If
      to
      Cedar: 

    

    Cedar
      Boulevard Lease Funding, LLC

    22
      South
      Main St., Suite 1

    Topsfield,
      MA 01983

    Attention:
      Jan Haas

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    with
      a copy to:

    

    Winston
      & Strawn LLP

    101
      California Street, 39th
      Floor

    San
      Francisco, California 94111

    Attention:
      John Fredericks

    

    If
      to
      Borrower:

    

    VoIP,
      Inc.

    151
      South
      Wymore Road, Suite 3000 

    Altamonte
      Springs, Florida 32714 

    Attention:
      Robert Staats

    Fax
      Number: (407) 389-3233

    

    With
      a
      copy by telecopier only to:

     

    Baratta,
      Baratta & Aidala LLP

    597
      Fifth
      Avenue, 9th Floor

    New
      York,
      New York 10017 

    Attention:
      Joseph A. Baratta, Esq.

    Fax
      Number: (212) 750-8297

    

    If
      to
      Buyer: to the names and addresses on the signature pages hereto

    

    With
      a
      copy to:

     

    Grushko
      & Mittman, P.C.

    551
      Fifth
      Avenue, Suite 1601

    New
      York,
      New York 10176

    Fax:
      212-697-3575 

    

    The
      parties hereto may change the address at which they are to receive notices
      hereunder, by notice in writing in the foregoing manner given to the
      other. 

    

    (b)
       No
      Waiver. No delay or omission by either party hereto in exercising any right
      or
      power arising from any default by the other party hereto shall be construed
      as a
      waiver of such default or as an acquiescence therein, nor shall any single
      or
      partial exercise thereof preclude any further exercise thereof or the exercise
      of any other right or power arising from any default by the other party hereto.
      No waiver of any breach of any of the covenants or conditions contained in
      this
      Addendum shall be construed to be a waiver of or an acquiescence in or a consent
      to any previous or subsequent breach of the same or of any other condition
      or
      covenant.

    

    (c) No
      Third
      Party Beneficiary. This Addendum is made for the sole benefit of Cedar, Borrower
      and Buyer and their respective successors and permitted assigns, and no other
      person or persons shall have any rights or remedies under or by reason of this
      Addendum or any right to the exercise of any right or power of either party
      hereto or arising from any default by either party hereto.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (d) Attorney
      Fees and Costs. In the event any legal action is undertaken in order to enforce
      or interpret any provision of this Addendum, the prevailing party in such legal
      action, as determined by the court, shall be entitled to receive from the other
      party the prevailing party’s reasonable attorneys’ fees and court
      costs.

     

    (e) Time
      of
      Essence. Time is hereby declared to be of the essence of this Addendum and
      of
      every part hereof. When the context and construction so require, all words
      used
      in the singular herein shall be deemed to have been used in the plural and
      the
      masculine shall include the feminine and the neuter and vice versa.

     

    (f) No
      Assignment to Third Party. Prior to Closing, this Addendum shall not be assigned
      by either party without the written consent of the other party, which consent
      may be withheld in such other party’s sole discretion.

     

    (g) Integration;
      Entire Agreement. This Addendum and any documents executed in connection
      herewith or pursuant hereto constitute the entire understanding between the
      parties hereto with respect to the subject matter hereof, superseding all prior
      written or oral understandings, and may not be terminated, modified or amended
      in any way except by a written agreement signed by each of the parties
      hereto.

     

    (h) Counterparts.
      This Addendum may be executed in two or more counterparts, each of which shall
      be deemed an original but all of which together shall constitute but one and
      the
      same document.

     

    (i) Legal
      Effect. The Assigned Loan Documents remain in full force and effect. If any
      provision of this Addendum conflicts with applicable law, such provision shall
      be deemed severed from this Addendum, and the balance of this Addendum shall
      remain in full force and effect.

     

    (j) Choice
      of
      Law and Venue; Jury Trial Waiver. This Addendum shall be governed by, and
      construed in accordance with, the internal laws of the State of New York,
      without regard to principles of conflicts of law. CEDAR,
      BORROWER AND BUYER WAIVE
      ANY
      RIGHT
      TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF
      THIS ADDENDUM OR ANY TRANSACTION CONTEMPLATED HEREIN, INCLUDING CLAIMS BASED
      ON
      CONTRACT, TORT, BREACH OF DUTY AND ALL OTHER COMMON LAW OR STATUTORY BASES.
      Each
      party hereby
      submits
      to the exclusive jurisdiction of the state and federal courts located in the
      County of New York, State of New York. If the jury waiver set forth in this
      Section is not enforceable, then any dispute, controversy or claim arising
      out
      of or relating to this Addendum or any of the transactions contemplated herein
      will be finally settled by binding arbitration in New York, New York in
      accordance with the then-current Commercial Arbitration Rules of the American
      Arbitration Association by one arbitrator appointed in accordance with said
      rules. The arbitrator shall apply New York law to the resolution of any dispute,
      without reference to rules of conflicts of law or rules of statutory
      arbitration. Judgment on the award rendered by the arbitrator may be entered
      in
      any court having jurisdiction thereof. Notwithstanding the foregoing, the
      parties may apply to any court of competent jurisdiction for preliminary or
      interim equitable relief, or to compel arbitration in accordance with this
      paragraph. The expenses of the arbitration, including the arbitrator’s fees and
      expert witness fees, incurred by the parties to the arbitration, may be awarded
      to the prevailing party, in the discretion of the arbitrator, or may be
      apportioned between the parties in any manner deemed appropriate by the
      arbitrator. Unless and until the arbitrator decides that one party is to pay
      for
      all (or a share) of such expenses, both parties shall share equally in the
      payment of the arbitrator’s fees as and when billed by the
      arbitrator.

     

    (k) Cedar,
      Borrower and Buyer shall each bear their own expenses, including legal fees,
      incident to the negotiation and preparation of this Addendum and the
      consummation of the transaction contemplated thereby. Nothing contained herein,
      however, shall be construed as Cedar’s waiver any rights or remedies Cedar may
      have against Borrower with respect to reimbursement of Cedar’s expenses,
      including legal fees, in the event that the transaction contemplated under
      this
      Addendum is not accomplished.

    

    [Balance
      of Page Intentionally Left Blank]

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF the undersigned have executed this Addendum as of the first
      date
      above written.

     

    BUYERS

    

    
      	
              SUBSCRIBERS

            	
               

            	
              AMOUNT
                OF SUBSCRIPTION

            	
               

            	
              PRINCIPAL
                AMOUNT

            	
               

            
	 	 	 	 	 	 
	
              ALPHA
                CAPITAL ANSTALT

               

              By:_____________________________________

              Name:

              Title:

              Pradafant
                7

              9490
                Furstentums

              Vaduz,
                Lichtenstein

              Fax:
                011-42-32323196

            	 	
              $

            	
              297,076.00

            	 	
              $

            	
              356,156.73

            	 
	 	 	 	 	 	 	 	 
	
              WHALEHAVEN
                CAPITAL FUND LIMITED

               

              By:_____________________________________

              Name:

              Title:

              3rd
                Floor, 14 Par-Laville Road

              Hamilton,
                Bermuda HM08

              Fax:
                (441) 292-1373

            	 	
              $

            	
              249,102.00

            	 	
              $

            	
              298,523.84

            	 
	 	 	 	 	 	 	 	 
	
              ELLIS
                INTERNATIONAL LTD.

               

              By:_____________________________________

              Name:

              Title:

              53rd
                Street Urbanizacion Obarrio

              Swiss
                Tower, 16th
                Floor, Panama

              Republic
                of Panama

              Fax:
                (516) 887-8990

            	 	
              $

            	
              249,102.00

            	 	
              $

            	
              298,523.84

            	 
	 	 	 	 	 	 	 	 
	
              BRISTOL
                INVESTMENT FUND, LTD.

               

              By:____________________________________

              Name:

              Title:

              c/o
                Caledonian Fund Services Limited

              69
                Dr. Roy’s Drive

              George
                Town, Grand Cayman

              Cayman
                Islands

              Fax:
                (310) 696-0334

            	 	
              $

            	
              287,400.00

            	 	
              $

            	
              344,420.16

            	 
	 	 	 	 	 	 	 	 
	
              CHESTNUT
                RIDGE PARTNERS LP

               

              By:____________________________________

              Name:

              Title:

              50
                Tice Boulevard

              Woodcliff
                Lake, NJ 07677

              Fax:
                (201) 802-9450

            	 	
              $

            	
              114,960.00

            	 	
              $

            	
              137,768.06

            	 

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
      	
              CENTURION
                MICROCAP, L.P.

               

              By:______________________________________

              Name:

              Title:

              3014
                Avenue L

              Brooklyn,
                NY 11210

              Fax:
                (718) 228-9570

            	 	
              $

            	
              191,600.00

            	 	
              $

            	
              229,613.44

            	 
	 	 	 	 	 	 	 	 
	
              PLATINUM
                LONG TERM GROWTH II INC.

               

              By:____________________________________

              Name:

              Title:

              152
                West 57th
                Street

              New
                York, New York 10019

              Attn:
                Mark Nordlicht

              Fax:
                (212)

            	 	
              $

            	
              95,800.00

            	 	
              $

            	
              114,806.72

            	 
	 	 	 	 	 	 	 	 
	
              DOUBLE
                U MASTER FUND L.P.

               

              By:_____________________________________

              Name:

              Title:

              P.
                O. Box 972

              Harbour
                House

              Roadtown,
                Tortola, BVI

              Fax:
                (284) 494-4770

            	 	
              $

            	
              114,960.00

            	 	
              $

            	
              137,768.06

            	 
	
              TOTAL

            	 	
              $

            	
              1,600,000.00

            	 	
              $

            	
              1,917,580.85

            	 

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    CEDAR
      BOULEVARD LEASE FUNDING LLC

     

    By:
      ________________________________________ 

     

    Title:
      ______________________________________

     

    VOIP,
      INC.

     

    By:
      ________________________________________

     

    Title:
      _______________________________________

     

    [Signature
      Page to Addendum to Assignment of Secured
      Subordinated Promissory Note,
      etc.]

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    ACKNOWLEDGEMENT,
      AGREEMENT AND CONSENT

     

    The
      undersigned hereby consents to the foregoing Addendum to Assignment of Secured
      Subordinated Promissory Note. .

     

    VOIP,
      INC., ON BEHALF OF ITSELF AND ALL OF ITS SUBSIDIARIES

     

    By:
      ______________________________________     

     

    Name:
      ____________________________________

     

    Its:
      _______________________________________

     

    [Signature
      Page to Addendum to Assignment of Secured Subordinated Promissory Note,
      etc.

    Acknowledgement,
      Agreement and Consent]

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      1

     

    [Purchase
      Price; Wiring Instructions]

     

    Purchase
      Price:

     

    
      	
              Cedar
                Boulevard
                Lease Funding LLC:

            	 	
              $

            	
              1,600,000

            	 

    

     

    Wiring
      Instructions: [Wire
      instructions]

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    Exhibit
      A

    

    Assigned
      Loan Documents

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    Exhibit
      B

    [Assignment
      and Assumption of Assigned Loan Documents]

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    ASSIGNMENT
      AND ASSUMPTION OF LOAN DOCUMENTS

     

    THIS
      ASSIGNMENT AND ASSUMPTION OF LOAN DOCUMENTS is entered into as of January
      31,
      2007,
      by and between CEDAR BOULEVARD LEASE FUNDING LLC, LTD. (collectively,
“Assignor”), and ALPHA CAPITAL ANSTALT, WHALEHAVEN CAPITAL FUND LIMITED, ELLIS
      INTERNATIONAL LTD., BRISTOL INVESTMENT FUND, LTD., CHESTNUT RIDGE PARTNERS
      LP,
      CENTURION MICROCAP, L.P., PLATINUM LONG TERM GROWTH II INC., DOUBLE U MASTER
      FUND L.P. (each an “Assignee”), with reference to the following
      facts:

     

    A. Pursuant
      to that certain Addendum to Assignment of Secured Subordinated Promissory Note
      dated of even date herewith by and between Assignor, as Seller, and Assignee,
      as
      Buyer (the “Sale Agreement”), Assignee agreed to acquire a loan made by Seller
      to the parties listed in the Sale Agreement as Borrowers (“Borrower”) which is
      evidenced by the Assigned Loan Documents (as defined in the Sale
      Agreement).

     

    B. This
      Assignment and Assumption is intended to reflect the assignment by Assignor
      to
      Assignee of the Assigned Loan Documents relating to the Assigned Loans, as
      those
      terms are defined in the Sale Agreement and the assumption by Assignee of all
      obligations of Assignor with respect thereto, arising on and after the date
      hereof.

     

    NOW,
      THEREFORE, in order to carry out the provisions of the Sale Agreement, Assignor
      hereby assigns to Assignee, without representation or warranty of any kind
      or
      nature whatsoever, expressed or implied (except as specifically provided in
      Section 7 of the Sale Agreement) and without recourse, all of Assignor’s right,
      title and interest in and to the Assigned Loan Documents relating to the
      Assigned Loans, as those terms are defined in the Sale Agreement, and Assignee
      hereby agrees to assume all of Assignor’s remaining obligations, if any, with
      respect to the Assigned Loans which arise on and after the date of this
      Assignment. Assignor hereby authorizes Assignee to file any financing statements
      necessary to evidence this assignment.

     

    
      	 	
              “ASSIGNOR”

              CEDAR
                BOULEVARD LEASE FUNDING LLC

            
	 	
               

              By: 

              Its: 

              Name: 

            

    

     

    
      
        
        

      

      
        14

        
          

        

      

       

    

    ASSIGNEES

    

    
      	
              SUBSCRIBERS

            	 	
              AMOUNT
                OF SUBSCRIPTION

            	
               

            	
              PRINCIPAL
                AMOUNT

            	 
	 	 	 	 	 	 	 	 
	
              ALPHA
                CAPITAL ANSTALT

               

              By: 
                ___________________________

              Name:

              Title:

              Pradafant
                7

              9490
                Furstentums

              Vaduz,
                Lichtenstein

              Fax:
                011-42-32323196

            	 	
              $

            	
              297,076.00

            	 	
              $

            	
              356,156.73

            	 
	 	 	 	 	 	 	 	 
	
              WHALEHAVEN
                CAPITAL FUND LIMITED

               

              By:
                __________________________

              Name:

              Title:

              3rd
                Floor, 14 Par-Laville Road

              Hamilton,
                Bermuda HM08

              Fax:
                (441) 292-1373

            	 	
              $

            	
              249,102.00

            	 	
              $

            	
              298,523.84

            	 
	 	 	 	 	 	 	 	 
	
              ELLIS
                INTERNATIONAL LTD.

               

              By:
                 __________________________

              Name:

              Title:

              53rd
                Street Urbanizacion Obarrio

              Swiss
                Tower, 16th
                Floor, Panama

              Republic
                of Panama

              Fax:
                (516) 887-8990

            	 	
              $

            	
              249,102.00

            	 	
              $

            	
              298,523.84

            	 
	 	 	 	 	 	 	 	 
	
              BRISTOL
                INVESTMENT FUND, LTD.

               

              By: 
                __________________________

              Name:

              Title:

              c/o
                Caledonian Fund Services Limited

              69
                Dr. Roy’s Drive

              George
                Town, Grand Cayman

              Cayman
                Islands

              Fax:
                (310) 696-0334

            	 	
              $

            	
              287,400.00

            	 	
              $

            	
              344,420.16

            	 
	 	 	 	 	 	 	 	 
	
              CHESTNUT
                RIDGE PARTNERS LP

               

              By: 
                ________________________

              Name:

              Title:

              50
                Tice Boulevard

              Woodcliff
                Lake, NJ 07677

              Fax:
                (201) 802-9450

            	 	
              
              

              
              

              $

            	
              
              

              
              

              114,960.00

            	 	
              
              

              
              

              $

            	
              
              

              
              

              137,768.06

            	 

    

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    
      	
              CENTURION
                MICROCAP, L.P.

               

              By: 
                __________________________

              Name:

              Title:

              3014
                Avenue L

              Brooklyn,
                NY 11210

              Fax:
                (718) 228-9570

            	 	
              $

            	
              191,600.00

            	 	
              $

            	
              229,613.44

            	 
	 	 	 	 	 	 	 	 
	
              PLATINUM
                LONG TERM GROWTH II INC.

               

              By: 
                __________________________

              Name:

              Title:

              152
                West 57th
                Street

              New
                York, New York 10019

              Attn:
                Mark Nordlicht

              Fax:
                (212)

            	 	
              $

            	
              95,800.00

            	 	
              $

            	
              114,806.72

            	 
	 	 	 	 	 	 	 	 
	
              DOUBLE
                U MASTER FUND L.P.

               

              By: 
                __________________________

              Name:

              Title:

              P.
                O. Box 972

              Harbour
                House

              Roadtown,
                Tortola, BVI

              Fax:
                (284) 494-4770

            	 	
              $

            	
              114,960.00

            	 	
              $

            	
              137,768.06

            	 
	 	 	 	   
 	 	 	  
 	 
	
              TOTAL

            	 	
              $

            	
              1,600,000.00

            	 	
              $

            	
              1,917,580.85

            	 

    

    

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    Exhibit
      C

    [Notice
      of Assignment of Obligations]

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    Cedar
      Boulevard Lease Funding LLC

     

    January
      31, 2007

     

    VOIP,
      INC. and subsidiaries

     

    ________________________

    ________________________

     

    Attention:
      Chief Financial Officer

     

    Re: Notice
      of
      Assignment of Obligations

     

    Dear
      Sirs:

     

    You
      are
      hereby notified that on January 31, 2007, Cedar Boulevard Lease Funding LLC
      (“Assignor”) assigned and transferred to the parties below (“Assignee”), for
      good and valuable consideration, the Assigned Loan Documents described in that
      certain Addendum to Assignment of Secured Subordinated Promissory Note, dated
      January 31, 2007, by and between Assignor and Assignee as of the date
      hereof.

     

    Please
      direct future correspondence and payments to the Assignee at the following
      address:

     

    
      	
              ALPHA
                CAPITAL ANSTALT

               

              By:
                __________________________________

              Name:

              Title:

              Pradafant
                7

              9490
                Furstentums

              Vaduz,
                Lichtenstein

              Fax:
                011-42-32323196

            	 	
              WHALEHAVEN
                CAPITAL FUND LIMITED

               

              By:
                _________________________________

              Name:

              Title:

              3rd
                Floor, 14 Par-Laville Road

              Hamilton,
                Bermuda HM08

              Fax:
                (441) 292-1373

            
	 	 	 
	
              ELLIS
                INTERNATIONAL LTD.

               

              By:
                __________________________________

                 Name:

                
                Title:

              53rd
                Street Urbanizacion Obarrio

              Swiss
                Tower, 16th
                Floor, Panama

              Republic
                of Panama

              Fax:
                (516) 887-8990

            	 	
              BRISTOL
                INVESTMENT FUND, LTD.

               

              By:
                _________________________________

                
                Name:

               
                 Title:

              c/o
                Caledonian Fund Services Limited

              69
                Dr. Roy’s Drive

              George
                Town, Grand Cayman

              Cayman
                Islands

              Fax:
                (310) 696-0334

            
	 	 	 
	
              CHESTNUT
                RIDGE PARTNERS LP

               

              By:
                ________________________________

              Name:

              Title:

              50
                Tice Boulevard

              Woodcliff
                Lake, NJ 07677

              Fax:
                (201) 802-9450

            	 	
              CENTURION
                MICROCAP, L.P.

               

              By:
                ____________________________________

              Name:

              Title:

              3014
                Avenue L

              Brooklyn,
                NY 11210

              Fax:
                (718) 228-9570

            

    

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    
      	
              PLATINUM
                LONG TERM GROWTH II INC.

               

              By:
                _________________________________

              Name:

              Title:

              152
                West 57th
                Street

              New
                York, New York 10019

              Attn:
                Mark Nordlicht

              Fax:
                (212)

            	 	
              DOUBLE
                U MASTER FUND L.P.

               

              By:
                _________________________________

              Name:

              Title:

              P.
                O. Box 972

              Harbour
                House

              Roadtown,
                Tortola, BVI

              Fax:
                (284) 494-4770

            

    

     

    Please
      contact the undersigned should you have any questions, and we thank you for
      your
      cooperation.

     

    Sincerely,

     

    CEDAR
      BOULEVARD LEASE FUNDING LLC

     

    By:
      _____________________________________    

    Name:
      ___________________________________

    Title:
      ____________________________________

    

    
      
        
        

      

      
        19CONSULTING
      AGREEMENT

     

    THIS
      CONSULTING AGREEMENT dated as of January 29, 2007 (the “Agreement”), is entered
      into by and between AskMeNow, Inc. (the “Company”), a Delaware corporation and
      Dennis Bergquist (the “Consultant”).

     

    RECITALS

     

    WHEREAS,
      the Consultant has provided services to the Company during the past year;

     

    WHEREAS,
      the Company wishes to retain the services of the Consultant and the Consultant
      desires to continue to render services to the Company; and

     

    WHEREAS,
      the Company and the Consultant deem it to be in their respective best interests
      to enter into an agreement providing for the Company’s retainer of the
      Consultant on the terms and conditions set forth below.

     

    NOW,
      THEREFORE, in
      consideration of the foregoing and the mutual covenants, representations,
      agreements, and promises set forth herein and other good and valuable
      consideration, the receipt and sufficiency of which are hereby acknowledged,
      the
      parties agree as follows:

     

    AGREEMENT

    

    1.
        Consulting.

    

    1.1  Term.
      The
      Company agrees to employ the Consultant and the Consultant agrees to accept
      such
      consulting, for a period of one year commencing as of the date of this Agreement
      or for such longer term as the Company and the Consultant may agree in writing,
      but subject to the termination provisions of Section 3 hereof (the
“Term”).

    

    1.2  Duties.
      During
      the Term, the Consultant shall perform the equivalent services as would be
      performed by a chief financial officer and such other duties and functions
      as
      are reasonably assigned to him by the Board of Directors of the Company (the
      “Board”) and/or the Chief Executive Officer of the Company (the “CEO”) that are
      consistent with the Consultant’s title, position and level of time commitment
      that he has agreed to devote to the Company. The Consultant shall adhere in
      all
      material respects to all of the Company’s policies and procedures applicable to
      someone holding his position, except to the extent such policies or procedures
      may conflict with the terms of this Agreement, in which case the provisions
      hereof shall control. Notwithstanding the foregoing, upon the completion of
      any
      subsequent financing by the Company for at least five million dollars, the
      Company has been authorized by the Board to enter into an employment agreement
      with the Consultant to become Chief Financial Officer and Executive Vice
      President of the Company on substantially similar terms to this Agreement.
      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    1.3  Time
      Devoted to Consulting.
      Consultant agrees to devote such amount of time per month to his duties as
      shall
      be mutually agreed by him and the Company from time to time during the Term
      hereof. In determining the amount of time that Consultant shall devote to his
      duties hereunder, the parties shall take into account, among other things,
      the
      time that the Consultant is required to devote to his other professional
      commitments and endeavors. At all times that he is working on behalf of the
      Company hereunder, the Consultant agrees to use his good faith efforts to
      promote the success of the Company’s business and will cooperate with all
      reasonable requests of the Board in order to advance the best interests of
      the
      Company.

    

    1.4  Location
      of Consulting.
      Consultant’s principal place of Consulting shall be at the Consultant’s personal
      residence at 2211 Fosgate Drive, Winter Park, FL 32789 or at another location
      that may be mutually agreed upon by the Consultant and the Company.

    

    2.
        Compensation
      and Related Matters.

    

    2.1  Consulting
      Fee.
      As
      compensation for services rendered hereunder, the Company shall pay the
      Consultant an annual consulting fee of $175,000 (the “Annual Consulting Fee”),
      which amount shall be paid monthly in 12 equal installments of $14,583.33
      beginning on February 1, 2007.

    

    2.2  Additional
      Compensation.
      As
      additional consideration for the execution of this Agreement, the Consultant
      shall receive a one-time grant of non-qualified stock options for 1,000,000
      shares of common stock of the Company (“Common Stock”) at an exercise price
      equal to $0.55 (the fair market value on the date of grant) per share (the
      “Options”). The Options shall be exercisable either for cash or on a cashless
      basis for a period of 10 years commencing as of the date hereof and shall be
      issued outside of any of the Company’s stock option plans (i.e.,
      the
      2006 Employee Stock Incentive Plan and the 2005 Management and Director Equity
      Incentive and Compensation Plan) and shall be governed in accordance with the
      terms of a non-qualified stock option agreement to be entered into between
      the
      Consultant and the Company simultaneously with the execution of this Agreement.
      Sixty (60%) percent of the Options, exercisable for 600,000 shares of Common
      Stock, shall vest immediately upon execution of this Agreement. The remaining
      forty (40%) percent of the Options, exercisable for 400,000 shares of Common
      Stock, shall vest at a rate of 25% every 90 days ending on January 29, 2008.
      Once vested, the Options will be exercisable by the Consultant in whole or
      in
      part at any time on and after the date hereof and through their expiration
      date. All Options that have not yet vested shall not be revocable or
      cancelable in connection with the termination of this Agreement by any party
      for
      any reason except if the Consultant is terminated for Cause (as defined in
      Section 3.1(c) below) or if the Consultant terminates his employment without
      Good Reason (as defined in Section 3.1(d) below) prior to the Term of this
      Agreement. In addition, the Company hereby grants to the Consultant “piggyback”
registration rights with respect to all shares of Common Stock issuable upon
      exercise of the Options, such that the Consultant shall have the right to
      require the Company to include such shares in its next subsequent registration
      statement on Form S-8 under the Securities Act of 1933, as amended, which the
      Company files subject, however, to customary exceptions, indemnification
      provisions and other terms and conditions generally applicable to other holders
      of “piggyback” rights with respect to the Company’s Common Stock. The Company
      agrees to pay all costs and expenses associated with registering the
      Consultant’s shares.

    

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

    2.3  Expense
      Reimbursement.
      The
      Consultant shall be entitled to reimbursement of reasonable and necessary
      business expenses incurred by him in the course of providing services to the
      Company, subject to appropriate documentation and in accordance with the budgets
      and guidelines established by the Company from time to time. Any travel required
      to be taken by the Consultant hereunder shall be in economy class.

    

    2.4  Indemnification
      of Consultant.
      The
      Consultant shall be entitled to be indemnified by the Company, to the fullest
      extent permitted by applicable law and the organizational documents of the
      Company, against any losses, damages, liabilities, claims, actions, judgments,
      costs and expenses (including without limitation, attorneys’ fees and expenses)
      that may be incurred by him in the course of, or in connection with, the
      performance of his duties hereunder. 

     

    2.5  Relationship
      Between Parties.
      The
      Consultant is retained by the Company only for the purposes and to the extent
      set forth in this Agreement, and his relation to the Company shall, during
      the
      period or periods of his rendering services hereunder, be that of an independent
      contractor. Thus, the Consultant shall be at liberty to dispose of such portion
      of his time, energy, and skill during regular business hours that he is not
      obligated to devote to the Company pursuant to this Agreement, in such manner
      as
      he sees fit, subject to the terms of any restrictive covenant which binds the
      Consultant. The Consultant shall not be considered under the provision of this
      Agreement or otherwise as having an employee status or as being entitled to
      participate in any plans, arrangements, or distributions by the Company
      pertaining to or in connection with any benefits provided or offered to the
      Company’s regular employees, including but not necessarily limited to, any such
      plan, arrangement or distribution related to medical, health, dental,
      disability, life insurance, pension, stock bonus, profit sharing, or similar
      benefits.

     

    3.
        Termination
      of Consulting.

     

    3.1  Termination.
      The
      Consultant’s consulting hereunder may be terminated prior to the end of the Term
      of this Agreement under the following circumstances:

     

    
      	(a)  	
              Death.
                The Consultant’s consulting hereunder shall terminate upon his
                death.

            

    

     

     

    
      	(b)  	
              Disability.
                If, as a result of the incapacity of the Consultant due to physical
                or
                mental illness, the Consultant shall have been wholly incapable of
                performing his duties with the Company for a continuous period of
                not less
                than four (4) months during any twelve (12) month period, his consulting
                may be terminated by the Company for “Disability” after delivering a
                written notice of termination (“Notice of Termination”) to the Consultant
                with respect thereto.

            

    

     

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    
      	(c)  	
              Cause.
                Termination by the Company of the consulting of the Consultant for
“Cause”
                shall mean termination based upon the Consultant’s (i) willful breach or
                willful and gross neglect of his duties and responsibilities, (ii)
                criminal conviction of a felony or a crime of moral turpitude or
                a plea of
                nolo contendere to either of the foregoing, occurring on or after
                the
                execution of this Agreement, (iii) material breach of this Agreement
                (iv)
                acts of fraud, dishonesty, misappropriation or embezzlement, (v)
                violation
                of any material Legal Requirement (as defined in Section 7.2 below),
                (vi)
                willful breach of his duty of loyalty or fiduciary duties, or (vii)
                willful failure to comply with the Company’s reasonable orders or
                directives or the Company’s reasonable rules, regulations, policies,
                procedures or practices; provided,
                however,
                that in the case of any act or failure to act described in sub-sections
                (i), (iii), (v), (vi), or (vii) above, such act or failure to act
                shall
                not constitute Cause if, within ten (10) days after Notice of Termination
                (containing a description of the behavior allegedly constituting
                the
                “Cause”) is given to the Consultant by the Company, the Consultant has
                corrected such act or failure to act, to the reasonable satisfaction
                of
                the Board.

            

    

     

     

    
      	(d)  	
              Good
                Reason.
                The Consultant may terminate his consulting during the Term of this
                Agreement for “Good Reason.” Good Reason shall mean the Company’s material
                breach of this Agreement, a material reduction in the Consultant’s duties
                or authority or a requirement that the Consultant relocate to an
                area
                outside of a radius of 50 miles of Winter Park, Florida, which breach
                shall not be cured by the Company within ten (10) days after Notice
                of
                Termination is given by the
                Consultant.

            

    

     

    3.2  Date
      of Termination.
“Date
      of Termination” shall mean (a) the expiration of the Term, (b) if the
      Consultant’s consulting is terminated due to his death, the date of his death,
      (c) if the Consultant’s consulting is terminated due to Consultant’s Disability,
      ten (10) days after Notice of Termination is given to the Consultant, and (d)
      if
      the Consultant’s consulting is otherwise terminated by the Company or by
      Consultant, the date upon which the for Cause or Good Reason event occurs or
      such other date set forth in the Notice of Termination. Nothing in this Section
      shall be deemed to diminish the Company’s right to cause the Consultant to cease
      performing his duties and responsibilities as a consultant of the Company at
      any
      time (“Termination Without Cause”), or to limit either party’s right to give a
      Notice of Termination at any time during the Term of this
      Agreement.

     

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

     

    3.3  Notice
      of Termination.
      Any
      purported termination of the Consultant’s consulting by the Company or by the
      Consultant shall be communicated by written Notice of Termination to the other
      party hereto in accordance with Section 8.4 of this Agreement. For purposes
      of
      this Agreement, a “Notice of Termination” shall mean a written notice which
      shall indicate the specific termination provision in this Agreement relied
      upon,
      and shall set forth in reasonable detail the facts and circumstances claimed
      to
      provide a basis for termination of the Consultant’s consulting under the
      provision so indicated.

    

    4.
        Compensation
      Upon Termination.

    

    4.1  Disability.
      In the
      event the Consultant’s consulting is terminated by reason of disability, the
      Consultant shall be compensated as follows: (a) all earned, but unpaid amounts
      of the Annual Consulting Fee to which the Consultant was entitled as of the
      Date
      of Termination through and including the last date of the month following the
      Consultant’s disability, and (b) all unreimbursed business expenses incurred
      through the Date of Termination, shall be paid in accordance with the terms
      of
      this Agreement to the Consultant. Thereafter, the Company shall have no further
      obligations to the Consultant under this Agreement.

    

    4.2  Death.
      In the
      event the Consultant’s consulting is terminated by reason of his death, the
      Consultant’s beneficiary or estate shall be compensated as follows: (a) all
      earned, but unpaid amounts of the Annual Consulting Fee, to which the Consultant
      was entitled as of the Date of Termination through and including the last date
      of the month following the Consultant’s death, and (b) all unreimbursed business
      expenses incurred through the Date of Termination, shall be paid in accordance
      with the terms of this Agreement to the Consultant’s beneficiary, or, if no
      beneficiary has been designated by the Consultant in a written notice prior
      to
      his death, to the Consultant’s estate. Thereafter, the Company shall have no
      further obligations to the Consultant’s beneficiary or estate under this
      Agreement.

    

    4.3  Cause;
      Termination by Consultant Without Good Reason.
      In the
      event the Consultant’s consulting is terminated by the Company for Cause or by
      the Consultant without Good Reason: (a) the Company shall pay the Consultant
      (i)
      all earned, but unpaid amounts of his Annual Consulting Fee, if any, to which
      the Consultant was entitled as of the Date of Termination, and (ii) all
      unreimbursed business expenses incurred through the Date of Termination, and
      (b)
      all unvested options granted under Section 2.2 above shall be terminated. The
      Company shall have no further obligations to the Consultant under this
      Agreement.

    

    4.4  Without
      Cause; Termination by Consultant for Good Reason.
      In the
      event the Consultant’s consulting is terminated by the Company without Cause or
      by the Consultant for Good Reason, the Company shall pay the Consultant (a)
      all
      earned, but unpaid amounts of his Annual Consulting Fee, if any, to which the
      Consultant was entitled as of the Date of Termination, and (b) all unreimbursed
      business expenses incurred through the Date of Termination. In addition, the
      Company shall pay to the Consultant his Annual Consulting Fee for a 90 day
      period from the date of termination (without regard to the early termination
      thereof) in the same installments as theretofore paid and the Company shall
      have
      no further obligation to the Consultant under this Agreement. The amounts
      payable by the Company hereunder shall not be offset or reduced by any other
      income, gains, insurance payment or any other amount received by the Consultant
      from other consulting or any other source after the Date of Termination, it
      being understood that the Consultant has no duty to mitigate any damages or
      costs resulting from the termination of his consulting.

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

     

    5.
        Restrictive
      Covenants.

    

    5.1  Confidential
      Information.
      The
      Consultant acknowledges that during his consulting with the Company, he shall
      be
      exposed to or given access to Confidential Information (as defined below in
      Section 7.1). The Consultant agrees, without limitation in time or until such
      information shall become public other than by the Consultant’s unauthorized
      disclosure (except as necessary or appropriate in connection with the
      performance by the Consultant of his duties on behalf of the Company) or as
      required by any Legal Requirement (as defined below in Section 7.2) or legal
      process, to maintain the confidentiality of the Confidential Information and
      refrain from divulging, disclosing, or otherwise using in any respect the
      Confidential Information to the detriment of the Company and any of its
      subsidiaries, affiliates, successors or assigns, or for any other purpose or
      no
      purpose. Notwithstanding the foregoing, there shall be no prohibition against
      the Consultant using the general skill and knowledge which he has acquired
      as a
      consultant of the Company.

    

    5.2  Ownership
      of Intellectual Property.
      The
      Consultant acknowledges and agrees that all work performed, and all ideas,
      concepts, materials, products, software, documentation, designs, architectures,
      specifications, flow charts, test data, programmer’s notes, deliverables,
      improvements, discoveries, methods, processes, or inventions, trade secrets
      or
      other subject matter that (a) relate to the Company’s competitive business
      activities or actual or demonstrably anticipated development or contemplated
      expansion thereof in which the Consultant was actively involved, (b) result
      from
      any work performed by the Consultant, alone or with others, for the Company,
      (c)
      are developed on the Company’s time or using the Company’s equipment, supplies,
      facilities or Confidential Information, (d) are based upon the Confidential
      Information of the Company, whether in written, oral, electronic, photographic,
      optical or any other form (collectively, “Materials”) are the property of the
      Company and its successors or assigns, and all rights, title and interest
      therein shall vest in the Company and its successors or assigns, and all
      Materials shall be deemed to be works made for hire and made in the course
      of
      his consulting or other relationship with the Company. To the extent that title
      to any Materials has not or may not, by operation of law, vest in the Company
      and its successors or assigns, or such Materials may not be considered works
      made for hire, the Consultant hereby irrevocably assigns all rights, title
      and
      interest therein to the Company and its successors or assigns. All Materials
      belong exclusively to the Company and its successors or assigns, with the
      Company and its successors or assigns having the right to obtain and to hold
      in
      its or their own name, copyrights, patents, trademarks, applications,
      registrations or such other protection as may be appropriate to the subject
      matter, and any extensions and renewals thereof. The Consultant hereby grants
      to
      the Company and its successors or assigns an irrevocable power of attorney
      to
      perform any and all acts and execute any and all documents and instruments
      on
      his behalf as the Company and its successors or assigns may deem appropriate
      in
      order to perfect or enforce the rights defined in this Section. The Consultant
      further agrees to give the Company and its successors or assigns, or any person
      designated by the Company and its successors or assigns, at the Company’s or its
      successors’ or assigns’ expense, any assistance reasonably required to perfect
      or enforce the rights defined in this Section. The Consultant shall communicate
      and deliver to the Company and its successors or assigns promptly and fully
      all
      Materials conceived or developed by him (alone or jointly with others) during
      the period of his consulting or other relationship with the Company and its
      successors and assigns.

     

     

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

     

    5.3  Covenant
      Not to Compete.

     

    
      	(a)  	
              For
                a period commencing on the date hereof and continuing until three
                (3)
                years after the Date of Termination, the Consultant shall not in
                any city,
                town or county in any state of the United States where the Company
                or any
                of its subsidiaries, affiliates, successors or assigns engages in
                the
                Business (defined below) as of the date of such termination, directly
                or
                indirectly, do any of the
                following:

            

    

     

    (i) engage
      in
      any business which is competitive with the business of the Company, currently
      in
      existence or as contemplated today (the “Business”), for the Consultant’s own
      account;

     

    (ii)enter
      the
      employ of, or render any services to or for, any entity that is engaged in
      the
      Business other than a separate division of such entity that is not engaged
      in
      the Business; or

     

    (iii)become
      interested in any entity engaged in the Business in any capacity, including
      as
      an individual, partner, member, shareholder, officer, director, principal,
      employee, agent, investor, trustee or consultant.

     

    Notwithstanding
      the foregoing, the Consultant may own, directly or indirectly, solely as a
      passive investment, securities of any entity engaged in the Business if the
      Consultant is not a controlling person of, or a member of a group which
      controls, such entity and does not, directly or indirectly, beneficially own
      5.0% or more of any class of securities of such entity.

     

    
      	(b)  	
              Noninterference.
                For a period commencing on the date hereof and continuing until one
                (1)
                year after the Date of Termination , the Consultant shall not, directly
                or
                indirectly, do any of the following: solicit, induce, or attempt
                to
                solicit or induce any person known by the Consultant to be a partner,
                principal, member, employee or consultant of the Company or its
                subsidiaries, affiliates, successors or assigns, to terminate his
                or her
                relationship with the Company or any of its subsidiaries, affiliates,
                successors or assigns. 

            

    

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

     

    
      	(c)  	
              Nonsolicitation.
                For a period commencing on the date hereof and continuing until one
                (1)
                year after the Date of Termination, the Consultant shall not directly
                or
                indirectly, solicit, induce, or attempt to solicit or induce any
                person or
                entity then known to be a customer, client, vendor, supplier, distributor
                or consultant of the Company or any of its subsidiaries, affiliates,
                successors or assigns to terminate his, her or its relationship with
                the
                Company, or any of its subsidiaries, affiliates, successors or assigns
                for
                any purpose. 

            

    

     

    5.4  Return
      of Documents and Other Property.
      At the
      end of the Term or upon any earlier Date of Termination, the Consultant shall
      return to the Company all of its property, equipment, documents, records, lists,
      files and any and all other Company materials (including, without limitation,
      computerized or electronic information) that is in the Consultant’s possession
      as of the Date of Termination (the “Company Property”). The Company Property
      shall be delivered to the Company at its office in Irvine, California (or at
      such other location mutually agreed upon by the Company and the Consultant),
      at
      the Company’s expense, within five (5) business days after the Date of
      Termination. Unless otherwise agreed by the Company in writing, the Consultant
      shall not retain any of the Company Property.

    

    5.5  Reasonableness
      of Restrictive Covenants.
      The
      Consultant agrees that, due to the uniqueness of his skills and abilities and
      the uniqueness of the Confidential Information that will be disclosed to him
      in
      the course of his consulting with the Company, the covenants set forth herein
      are reasonable and necessary for the protection of the Company. Nevertheless,
      if
      it shall be determined that such covenants are unenforceable in that they are
      too broad as to their scope or geographical coverage, then the parties hereby
      confer upon any appropriate court the power to limit such scope or geographical
      coverage such that they will be enforceable.

    

    5.6  Irreparable
      Injury.
      The
      Consultant acknowledges that the covenants contained in this Section 5 and
      the
      Consultant’s services under this Agreement are of a special and unique
      character, which gives them a special value to the Company, the loss of which
      may not be reasonably or adequately compensated for by damages in an action
      at
      law, and that a material breach or threatened breach by him of any of the
      covenants contained in this Agreement will cause the Company irreparable injury.
      The Consultant therefore agrees that the Company shall be entitled, in addition
      to any other right or remedy, to seek a temporary restraining order, preliminary
      and permanent injunctions and any other appropriate equitable remedy that
      prevents the Consultant from breaching this Agreement, without the necessity
      of
      proving the inadequacy of monetary damages or the posting of any bond or
      security, enjoining or restraining the Consultant from any such violation or
      threatened violation.

    

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

     

    6.
        Arbitration.

    

    6.1  Except
      as
      otherwise set forth in Section 5.6, any dispute between the parties arising
      out
      of this Agreement, including but not limited to any dispute regarding any aspect
      of this Agreement, its formation, validity, interpretation, effect, performance
      or breach, or the Consultant’s consulting (“Arbitrable Dispute”) shall be
      submitted to arbitration in the State of California,
      before an experienced consulting arbitrator who is either licensed to practice
      law in California, or is a retired judge. The parties agree to make a good
      faith
      effort to select a mutually agreeable arbitrator. However, if the parties are
      unable to reach agreement on an arbitrator, one will be selected pursuant to
      the
      Employment Dispute Resolution Rules of the American Arbitration Association
      or
      any successor rules thereto. The arbitration shall be conducted in accordance
      with the Employment Dispute Resolution Rules or any successor rules. The
      arbitrator in any Arbitrable Dispute shall not have authority to modify or
      change this Agreement in any respect. The prevailing party in any such
      arbitration shall be awarded his or its costs, expenses, and reasonable
      attorneys’ fees incurred in connection with the arbitration. The Consultant and
      the Company shall each be responsible for payment of one-half the amount of
      the
      arbitrator’s fee(s). The arbitrator’s decision and/or award will be fully
      enforceable and subject to an entry of judgment by any court of competent
      jurisdiction.

    

    7.
        Definitions.
      For
      purposes of this Agreement, the following terms have the meanings specified or
      referred to in this Section 7:

    

    7.1  “Confidential
      Information” shall mean (i) any and all Trade Secrets (defined below), product
      specifications, compositions, designs, molds, sketches, photographs, graphs,
      drawings, samples, inventions and ideas, past, current and planned research
      and
      development, current and planned manufacturing and distribution methods and
      processes, current and anticipated customer requirements, price lists, market
      studies, business plans, computer software and programs (including object code
      and source code), computer software and database technologies, systems,
      structures and architectures (and related processes, formulae, compositions,
      improvements, devices, know-how, inventions, discoveries, concepts, ideas,
      designs, methods and information), of the Company and any other information,
      however documented, of the Company that is a Trade Secret; (ii) any and all
      information concerning the business and affairs of the Company (which includes
      historical financial statements, financial projections and budgets, historical
      and projected sales, capital spending budgets and plans, the names and
      backgrounds of key personnel, personnel training and techniques and materials),
      however documented; and (iii) any and all notes, analysis, compilations,
      studies, summaries, and other material prepared by or for the Company containing
      or based, in whole or in part, on any information included in the foregoing.
      “Confidential Information” does not include (a) any information generally known
      or available to the public or industry participants other than through the
      Consultant’s disclosure thereof in breach of the terms of this Agreement, (b)
      information independently developed by the Consultant after the date hereof
      without reference to the Confidential Information previously disclosed by the
      Company to the Consultant, (c) information disclosed to the Consultant on a
      non-confidential basis from a source other than the Company, and (d) information
      that is required to be disclosed by any person or entity pursuant to any Legal
      Requirement or legal process.

    

    7.2  “Legal
      Requirement” shall mean any applicable federal, state, local, municipal,
      foreign, international, multinational, or other administrative order,
      constitution, law, ordinance, principle of common law, regulation, statute,
      or
      treaty.

    

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

     

    7.3  “Trade
      Secret” shall mean all technology, know-how, proprietary processes and formulas,
      customer lists, software, technical information, data, process technology,
      plans, drawings, and blue prints owned, used, or licensed by the Company as
      licensee or licensor.

    

    8.
        Miscellaneous.

    

    8.1  Successors
      and Assigns; Binding Agreement.
      This
      Agreement shall be binding upon and shall inure to the benefit of the parties
      hereto and their respective heirs, personal representatives, successors and
      assigns; provided,
      that (a)
      the duties of the Consultant hereunder are personal to the Consultant and may
      not be delegated or assigned by him, and (b) the Company may not assign its
      rights or obligations hereunder without the prior written consent of the
      Consultant.

    

    8.2  Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of California, without regard to any conflicts of laws principles thereof
      or of any other jurisdiction.

    

    8.3  Waivers.
      The
      waiver by either party hereto of any right hereunder or any failure to perform
      or breach by the other party hereto shall not be deemed a waiver of any other
      right hereunder or of any other failure or breach by the other party hereto,
      whether of the same or a similar nature or otherwise. No waiver shall be deemed
      to have occurred unless set forth in a writing executed by or on behalf of
      the
      waiving party. No such written waiver shall be deemed a continuing waiver unless
      specifically stated therein, and each such waiver shall operate only as to
      the
      specific term or condition waived and shall not constitute a waiver of such
      term
      or condition for the future or as to any act other than that specifically
      waived.

    

    8.4  Notices.
      All
      notices and communications that are required or permitted to be given hereunder
      shall be in writing and shall be deemed to have been duly given when delivered
      personally or by overnight courier, as follows:

     

    If
      to the
      Company, to:

     

    AskMeNow,
      Inc.

    26
      Executive Park, Suite 250

    Irvine,
      CA 92614

    Attn:
      Darryl Cohen, CEO

     

    and

     

    Phillips
      Nizer LLP

    666
      Fifth
      Avenue

    New
      York,
      New York 10103-0084

    Attn:
      Elliot H. Lutzker, Esq.

     

    
      
        
        

      

      
        -10-

        
          

        

      

      
        
        

      

    

     

    If
      to the
      Consultant, to:

     

    Dennis
      Bergquist

    2211
      Fosgate Drive

    Winter
      Park, FL 32789

    

     

    or
      to
      such other address as may be specified in a written notice personally delivered,
      faxed or mailed by overnight courier or registered or certified mail, postage
      prepaid, return receipt requested, given by one party to the other party
      hereunder.

     

    

    8.5  Severability.
      If for
      any reason any term or provision of this Agreement is held to be invalid or
      unenforceable, all other valid terms and provisions hereof shall remain in
      full
      force and effect, and all of the terms and provisions of this Agreement shall
      be
      deemed to be severable in nature. If for any reason any term or provision
      containing a restriction set forth herein is held to cover an area or to be
      for
      a length of time which is unreasonable, or in any other way is construed to
      be
      too broad or to any extent invalid, such term or provision shall not be
      determined to be null, void and of no effect, but to the extent the same is
      or
      would be valid or enforceable under applicable law, any court of competent
      jurisdiction shall construe and interpret or reform this Agreement to provide
      for a restriction having the maximum enforceable area, time period and other
      provisions (not greater than those contained herein) as shall be valid and
      enforceable under applicable law.

    

    8.6  Amendment;
      Cancellation.
      This
      Agreement may not be amended or cancelled except by mutual agreement of the
      parties in writing (without the consent of any other person) and no person,
      other than the Company, its successors and assigns and the Consultant, and
      his
      executors and heirs, shall have any rights under or interests in this Agreement
      or the subject matter hereof.

    

    8.7  Descriptive
      Headings.
      The
      parties hereto agree that the headings of the several paragraphs of this
      Agreement are inserted for convenience only and shall not in any way affect
      the
      meaning or construction of any provision of this Agreement.

    

    8.8  Entire
      Agreement.
      This
      Agreement constitutes the entire agreement between the parties hereto, and
      supersedes all prior oral and/or written understandings and/or agreements
      between the parties hereto relating to the subject matter hereof.

    

    8.9  Counterparts.
      This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed an original but all of which taken together shall constitute one and
      the
      same Agreement.

     

    

    
      
        
        

      

      
        -11-

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement on the date
      and
      year first above written.

     

    CONSULTANT:

     

     

     

    /s/
      Dennis Bergquist

    Dennis
      Bergquist

     

     

    ASKMENOW,
      INC.:

     

    By:
      /s/ Darryl Cohen

    Name:
      Darryl Cohen

    Title:
      Chief Executive Officer

     

     

    
      
        
        

      

      
        -12-

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