Document:

SEPARATION AGREEMENT AND GENERAL RELEASE

 

This Separation Agreement and General Release
(this “Agreement”), dated as of July 6, 2012, is entered into by and between Dynasil Corporation of America for itself
and/or on behalf of any of its wholly-owned subsidiaries (collectively, the “Company”) and Steven Ruggieri, individually
(the “Executive”).

 

RECITALS

 

WHEREAS, the Company
and Executive entered into an Employment Agreement as of April 13, 2011 (the “Employment Agreement”), a copy of which
is attached as Exhibit A;

 

WHEREAS, the
Executive terminated his employment under the Employment Agreement effective as of July 6, 2012 (the “Separation Date”),
the Executive acknowledges that he has received all wages owed from the Company for work performed through the Separation Date
and the Company has agreed to treat Executive’s termination as a “termination by the Company without Cause”;
and

 

WHEREAS, under the
Employment Agreement, Executive is eligible for certain severance benefits set out in this Agreement provided that he first executes
this Agreement;

 

NOW THEREFORE, in consideration
of the promises and the covenants contained herein, the Company and Executive do hereby covenant and agree as follows:

 

		1.	Severance Benefits. Provided that Executive first signs and returns this Agreement, and
does not (and may no longer) revoke this Agreement, Executive will be eligible to receive the following payments and benefits (the
“Severance Benefits”):

 

		(a)	a payment in the gross amount of three months of Executive’s Base
Salary, subject to legally-required and voluntarily authorized deductions, paid in substantially equal installments over a period
of 3 months (the “Severance Period”) according to the Company’s regular payroll schedule, beginning 30 days after
the Separation Date;

 

		(b)	a payment of a prorated earned bonus on the normal bonus payment date, should any bonuses be awarded
to the Dynasil C-Level staff for the entire fiscal year 2012. The Executive’s prorated share of that bonus, if any, would
be 77% (representing 40 weeks of service of the 52 weeks in fiscal year 2012) of the bonus the Executive would have received as
part of the Dynasil C-Level staff, if the Executive had been employed by the Company during the entire fiscal year ending September
30, 2012, with the Executive’s maximum bonus opportunity for fiscal 2012 being 77% of $75,000, and with this bonus, if any,
being payable after receipt of the Company's audited financial statements for such fiscal year;

 

    	 

    	 

    

 

		(c)	payment by the Company of the regular employer contribution toward the
premiums for the Executive’s continued coverage, if any, under the Company’s group health and dental insurance plans
for a period of three (3) months following the Separation Date, if the Executive is eligible to, and elects to, continue his coverage
under such plans following the Separation Date under COBRA (during this three-month period, the Executive will pay only the regular
employee contribution toward the premium for such insurance during that period). Any continued coverage beyond this three-month
period will be at the Executive’s sole expense as provided by law.

 

As an additional
condition of the Severance Benefits, Executive must make himself reasonably available to answer questions by telephone following
the Separation Date during the Severance Period.

 

		2.	Equity Rights. Pursuant to the Employment Agreement, Executive was granted the Time-Based
Grant (as defined in the Employment Agreement) of restricted shares of the Company’s common stock pursuant to the Company’s
2010 Stock Incentive Plan (“Plan”). As of the Separation Date, 100,000 shares of the Time-Based Grant have vested;
any portion of the Time-Based Grant that has not vested as of the Separation Date shall be forfeited by Executive. Executive’s
rights with respect to any vested portion of the Time-Based Grant will be governed by the Plan and any applicable grant documents.
The Board has exercised its discretion and agreed to waive the prior two-year restriction on the Executive’s sale,
transfer or other disposition of the Executive’s Time-Based Grant shares. The Executive agrees he will comply with
all applicable insider trading restrictions.

 

    	 

    	 

    

 

		3.	General Release. Except with respect to any rights, obligations or duties arising out of
this Agreement, and in consideration of the benefits set forth in this Agreement, Executive hereby releases and discharges the
Company and anyone acting by, through or on behalf of the Company, including but not limited the Company’s, officers, employees,
representatives and agents, (collectively, the “Releasees”), to the maximum extent permitted by law, of and from any
and all complaints, charges, lawsuits or claims of any kind by Executive that Executive now has, ever had or may ever have
against the Releasees, or any of them, whether known or unknown, arising out of any matter or thing that has happened before Executive
signs this Agreement, including but not limited to: (i) all claims for tort or contract, including but not limited to claims relating
to the breach of any oral or written contract or promise, misrepresentation, defamation, wrongful termination and interference
with prospective economic advantage, interference with contract, intentional and negligent infliction of emotional distress, negligence,
or breach of the covenant of good faith and fair dealing; (ii) claims arising out of, based on, or connected with Executive’s
employment in any way, including terms and conditions of employment, by the Company and the cessation of that employment; and
(iii) claims arising under any local, state or federal law, including but not limited to the following (all as amended): Title
VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act of 1967 (“ADEA”), the Americans with
Disabilities Act (“ADA”), the Equal Pay Act of 1963, the Family and Medical Leave Act, the Genetic Information Nondiscrimination
Act, the Massachusetts Fair Employment Practices Act (G.L. c. 151B), the Massachusetts Equal Rights Act, the Massachusetts Civil
Rights Act, and any other local, state or federal law, policy, order, regulation or guideline affecting or relating to claims or
rights of employees. It is further expressly agreed and understood by Executive that the release contained herein is a GENERAL
RELEASE, including of statutory claims. Nothing in this Agreement shall be construed to preclude Executive from participating
or cooperating in any investigation or proceeding conducted by the Massachusetts Commission Against Discrimination, the Equal Employment
Opportunity Commission, or any other state or federal administrative agency, including with respect to a challenge to the General
Release in this Agreement. However, in the event that a charge or complaint is filed against the Releasees, or any of them, with
any administrative agency or in the event of an authorized investigation, charge or lawsuit filed against the Releasees, or any
of them, by any administrative agency, Executive expressly waives and shall not accept any award or damages therefrom. The matters
that are the subject of the releases by the Executive referred to above in this Section 3 of this Agreement shall be referred to
collectively as the “Released Matters”; provided, however, that notwithstanding the foregoing, it is expressly agreed
that Executive does not hereby release, and the term Released Matters shall not include: (a) any rights or claims based solely
on events which first arose after the Separation Date; (b) any breach by the Company of the terms of this Agreement; (c) any rights
Executive may have regarding the enforcement of this Agreement; (d) any obligation of the Company under the indemnification provisions
of its Certificate of Incorporation or Bylaws or the Indemnification Agreement dated December 19, 2011 between the Company and
the Executive (the “Indemnification Agreement”), applicable to the Executive and relating to any event occurring on
or before the Separation Date. The Company acknowledges and reaffirms that it remains bound by the terms of the Indemnification
Agreement, a copy of which is attached as Exhibit B, which agreement shall survive the termination of Executive’s employment.

 

		4.	No Pending Claims. Executive represents and warrants that he has not filed any complaints,
charges, or claims for relief against the Releasees, or any of them, with any local, state or federal court or administrative agency,
any professional or regulatory board, or any other agency or entity. Executive further warrants that he has not previously assigned
or transferred any of the claims that are the subject of the General Release contained in this Agreement.

 

		5.	Nonadmissions. It is understood and agreed that this Agreement does not constitute any admission
by the Company that any action taken with respect to Executive was unlawful or wrongful, or that any action by it constituted
a breach of contract or violated any federal or state law, policy, rule or regulation or professional or industry regulation or
standard.

 

		6.	Prior Covenants. Executive acknowledges and reaffirms that he remains bound by the terms
of the Dynasil Confidential Information and Invention Assignment Agreement (“Confidentiality Agreement”), a copy of
which is attached as Exhibit C, to the extent the terms of the Confidentiality Agreement survive the termination of Executive’s
employment.

 

    	 

    	 

    

 

		7.	Nondisclosure of this Agreement. Executive agrees that the nature and terms of this
Agreement are confidential, and expressly agrees not to discuss or disclose them, or the facts and contentions contained therein,
without the prior written consent of the Company, with or to any person, except to federal and state tax authorities, Executive’s
accountants or tax advisors, attorneys and spouse, or as required by law. Nothing in this Agreement shall prohibit or restrict,
or be construed as prohibiting or restricting, Executive from cooperating with, or disclosing information or this Agreement to,
the Equal Employment Opportunity Commission, the Massachusetts Commission Against Discrimination, or any other federal, state or
local administrative agency.

 

		8.	Nondisparagement. Executive agrees not to disparage or make negative statements about the
Company or any of the Company’s programs or products. The Company shall instruct its officers and directors not to, disparage
or make negative statements about the Executive, his business practices or professional career either publicly or privately, provided
that nothing in this paragraph shall be construed in any way to restrict or prevent the Company from
providing truthful information in response to requests for information by auditors or in court or governmental proceedings where
required by law. The only statement that the Company will make regarding Executive’s separation is that Executive
resigned for personal reasons. In response to any inquiries or reference requests to the Company by any person in any capacity
concerning matters relating to Employee’s employment with the Company, the Company shall confirm for any prospective employer
or agency, the dates of the Executive’s employment, his salary history, his position as CEO and member of the Board and that
the Executive’s separation was voluntary. The Executive will direct all requests for references to the Company’s Chairman
(Peter Sulick) and the Company will instruct its officers and directors to direct all requests for references to the Company’s
Chairman (Peter Sulick).

 

		9.	Breach. Executive acknowledges that any breach
of this Agreement by him will cause irreparable damage to the Company and that in the event of such breach, the Company shall
be entitled, in addition to monetary damages and to any other remedies available to the Company under this Agreement and at law,
to equitable relief, including injunctive relief. In the event that Executive institutes legal proceedings to enforce this
Agreement, Executive agrees that the sole remedy available to him shall be enforcement of the terms of this Agreement and/or a
claim for damages resulting from the breach of this Agreement, but that under no circumstances shall Executive be entitled to
receive or collect any damages for claims that Executive has released under this Agreement.

 

		10.	Time to Consider Agreement.

 

		(a)	Executive acknowledges that he has been advised in writing to, and has been given the opportunity
to, consult an attorney of his choice before signing this Agreement.

 

		(b)	Executive acknowledges that he has been given the opportunity to review and consider this Agreement
for at least twenty-one (21) days before signing it and that, if Executive has signed this Agreement in less than that time, he
has done so voluntarily in order to obtain sooner the benefits of this Agreement.

 

    	 

    	 

    

 

		(c)	Executive further acknowledges that he may revoke this Agreement within seven (7) days of signing
it, provided that this Agreement will not become effective until such seven-day period has expired. To be effective, any such revocation
must be in writing and delivered to Peter Sulick, Chairman, at the Company’s principal offices by close of business on the
seventh day after signing and must expressly state Executive’s intention to revoke this Agreement. The eighth day following
Executive’s execution hereof shall be deemed the “Effective Date” of this Agreement.

 

		(d)	The parties also agree that the general release provided by Executive in this Agreement does not
include claims under the Age Discrimination in Employment Act arising after the date Executive signs this Agreement.

 

		11.	Representations. The Company agrees that it will not contest the Executive’s claim
for unemployment benefits that may be filed by Executive after the Separation Date. The
Company will also pay or reimburse Executive’s legal fees in connection with this Separation Agreement and Executive’s
termination with the Company as part of the Company’s administration costs, such cost not to exceed $3,000. The parties
attest that no other representations were made regarding this Agreement other than those contained herein.

 

		12.	Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of
the Company and Executive and their respective successors and assigns.

 

		13.	Severability. If any provision of this Agreement is held to be excessively broad, it shall
be reformed and construed by limiting and reducing it so as to be enforceable to the maximum extent permitted by law. Should any
part, term or provision of this Agreement be determined by any tribunal, administrative agency or court of competent jurisdiction
to be illegal, invalid or unenforceable, even after all attempts at reformation or construction have been exhausted as provided
in the prior sentence, the validity of the remaining parts, terms or provisions shall not be affected thereby, and the illegal,
invalid or unenforceable part, term or provision shall be deemed not to be part of this Agreement.

 

		14.	Entire Agreement; Governing Law; Amendment; Captions. This Agreement constitutes the entire
agreement between the parties about or relating to Executive’s termination of employment from the Company, or the Company’s
obligations to Executive with respect to his termination, and fully supersedes any and all prior and contemporaneous agreements
or understandings between the parties, whether written or oral, concerning the subject matter of this Agreement, except that the
Indemnification Agreement and Confidentiality Agreement shall remain in full force and effect according to its terms, as described
above, the Employment Agreement shall remain in full force and effect according to its terms to the extent such terms survive the
termination of Executive’s employment, and the terms of the Plan and any applicable grant documents shall remain in full
force and effect according to their terms with respect to the Time-Based Grant, as described above. The terms of this Agreement
are contractual in nature and not a mere recital, and they shall take effect as a sealed document. This Agreement shall be governed
by the laws of the Commonwealth of Massachusetts, without regard to conflict of law rules, and may not be changed orally. This
Agreement may be changed or amended only by agreement in writing signed by both parties. Section captions in this Agreement are
for convenience of reference only and in no way affect this Agreement's scope or substance.

 

    	 

    	 

    

 

		15.	Counterparts. This Agreement may be executed in two or more counterparts, each of which
when executed and delivered constitutes an original of this Agreement, but all the Counterparts shall together constitute one and
the same agreement. No counterpart shall be effective until each party has executed at least one counterpart. For the convenience
of the parties, facsimile and pdf signatures shall be accepted as originals.

 

IN WITNESS WHEREOF, the Company and Executive
have duly executed this Agreement as of the day and year written below.

 

	DYNASIL CORPORATION OF AMERICA	 	STEVEN RUGGIERI
	 	 	 
	By: 	 	 	 
	 	Name: Peter Sulick	 	 
	 	Title: Chairman	 	 
	 	 	 	 
	 	 	 	 
	 	Date	 	DateFUTURE ADVANCE PROMISSORY NOTE

 

 

	U.S. $400,000.00	Miami, Florida
	 	January 11, 2013

 

1.          Parties:

 

1.1          Net Talk.Com, Inc., a Florida
corporation (the "Borrower")

 

1.2          1080 NW 163 DRIVE, LLC, a
Florida Limited Liability Company (the "Lender")

 

2.          Borrower's Promise to Pay:          For
value received Borrower promises to pay to the order of Lender, its successors or assigns Four Hundred Thousand and 00/100 Dollars
($400,000.00) (the "Principal") or so much thereof as may be advanced hereunder, plus interest (the "Interest")
on the Principal from time to time remaining unpaid.

 

3.          Interest:

 

3.1          Rate:          TWELVE PERCENT
(12%) per annum, such rates sometimes referred to as the "Applicable Interest Rate".

 

3.2          Interest Computation:
Interest shall be computed on the outstanding principal balance for the actual number of days which have elapsed from the date
of each advance, calculated on a basis of a 360-day year. Upon the occurrence of any default under the loan documents (regardless
of whether or not the maturity date of the indebtedness evidenced hereby (the "Loan") is accelerated, all advances of
the Loan shall bear interest at the highest rate allowed by law (the "Default Rate").

 

4.          Payments:          Interest only
monthly at the Applicable Interest Rate. The first such monthly interest payment to be due and payable February 28, 2013
, and monthly thereafter on the 29th (with the exception of February which shall be due on the last day of that month) of
each month until the Maturity Date.

 

5.          Maturity Date:          This Note
shall mature and the entire unpaid Principal and any accumulated unpaid Interest thereon shall be due and payable on November
29, 2014 (the "Maturity Date").

 

6.          Additional Interest Rate Provisions:

 

6.1          All payments hereunder shall
be made in lawful money of the United States of America.

 

6.2          In the event that the interest
rates applicable under this Note (collectively the "Applicable Interest Rate") or the Default Rate exceeds the maximum
rate of interest allowed by applicable law, as amended from time to time, in any interest period during the initial term or any
extension of this Note, only the maximum rate of interest allowed shall then be charged but thereafter in any interest period or
periods during which the rate is less than the maximum rate allowed by applicable law, as amended from time to time, the Applicable
Interest Rate and the Default Rate shall be increased so that Lender, its successors or assigns, may collect interest in such amount
as may have been charged pursuant to the terms of this Note, but which was not charged because of the limitation imposed by law.

 

6.3          It is the intent of the parties
hereto that in no event shall the amount of interest due or payment in the nature of interest payable hereunder exceed the maximum
rate of interest allowed by applicable law, as amended from time to time, and in the event any such payment is paid by the Borrower
or received by the Lender, then such excess sum shall be credited as a payment of Principal, unless the Borrower shall notify the
Lender, in writing, that the Borrower elects to have such excess sum returned to it forthwith. The Lender may, in determining the
maximum rate of interest allowed under applicable law, as amended from time to time, take advantage of: (i) the rate of interest
permitted by Florida Statutes, Chapter 687.12 ("Interest rates; parity among licensed lenders or creditors") and 12 United
States Code, Section 85 and 86, and (ii) any other law, rule or regulation in effect from time to time, available to Lender which
exempts Lender from any limit upon the rate of interest it may charge or grants to Lender the right to charge a higher rate of
interest than that allowed by Florida Statutes, Chapter 687.

 

7.          Prepayment:          This promissory
note may only be prepaid in whole or in part during the first twelve (12) months of its existence, upon the payment of a
prepayment premium from the borrower to the holder hereof in an amount equal to the amount of interest that would have been earned
upon the portion so prepaid had it remained in existence for a full twelve (12) months. Thereafter this promissory note
may be prepaid in whole or part without penalty at any time.

 

 

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The aforedescribed prepayment premium shall
be due and payable by the borrower to the holder hereof, regardless of whether the prepayment is voluntary or involuntary, by reason
of default and acceleration and regardless of whether the holder hereof collects default interest or not.

 

8.          Application of Payments:          So
long as no default has occurred in this Note, all payments hereunder shall first be applied to Interest, then to Principal. Upon
default in this Note, all payments hereunder shall first be applied to costs, then to Interest, and the remainder to Principal.

 

9.          Other Instruments:          The
term "Loan Documents" shall mean all and any of the documents now or hereafter executed by Borrower, by others, or by
Borrower and others, in favor of Lender, which wholly or partly secure or are executed in connection with this Note, including,
but not limited to any loan commitment given by Lender to Borrower.

 

10.          Place of Payment:          All
payments hereunder shall be made at Lender's Offices at 1541 Sunset Drive - Suite 302, South Miami, FL 33143, or such other
place as Lender may from time to time designate in writing.

 

11.          Default:

 

11.1          If any payment of Principal,
Interest, or other sum due Lender hereunder or under any of the Loan Documents is not paid within fifteen (15) days of the date
as and when due, or if any other default occurs under any of the Loan Documents, or if any obligation of Borrower under any of
the Loan Documents is not fully performed, then this Note shall be in default.

 

11.2          Upon default in this Note,
the Lender, at its option, may declare the entire unpaid Principal balance of this Note, together with accrued Interest, to be
immediately due and payable without notice or demand.

 

11.3          In addition to payments of
Interest and Principal, if there is a default in this Note the Lender shall be entitled to recover from the Borrower all of the
Lender's costs of collection, including the Lender's attorney, paralegal, and legal assistant fees and court costs (whether for
services incurred in collection, litigation, bankruptcy proceedings, appeals or otherwise), and all other costs incurred in connection
therewith, including but not limited to preparation of default letters or notices related thereto.

 

11.4          Upon default in this Note,
the unpaid principal balance (together with all sums due hereunder) shall thereafter bear interest at the maximum rate allowed
by law, "the default rate" and Post-judgment interest shall accrue on the unpaid balance of any judgment entered on this
promissory note at the default rate provided herein, pursuant to Section 55.03(1), Florida Statutes, as amended from time to time.

 

11.5          The default rate of interest
will prevail after judgment pursuant to Section 55.03, Florida Statutes, as amended from time to time.

 

12.          Late Charge:          A late charge
of five percent (5%) of any payment required hereunder shall be imposed on each and every payment, including the final payment
due hereunder, not received by the Lender within five (5) days after it is due. The late charge is not a penalty, but liquidated
damages to defray administrative and related expenses due to such late payment. The late charge shall be immediately due and payable
and shall be paid by the Borrower to the Lender without notice or demand. This provision for a late charge is not and shall not
be deemed a grace period, and Lender has no obligation to accept a late payment. Further, the acceptance of a late payment shall
not constitute a waiver of any default then existing or thereafter arising in this Note.

 

13.          Waivers:          The Borrower
and any endorsers, sureties, guarantors and all others who are, or may become liable for the payment hereof severally: (a) waive
presentment for payment, demand, notice of demand, notice of non-payment or dishonor, protest and notice of protest of this Note,
and all other notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this
Note, (b) waive any exemption of disposable earnings from attachment or garnishment under Florida Statutes, Section 222.11, (c)
consent to all extensions of time, renewals, postponements of time of payment of this Note or other modifications hereof from time
to time prior to or after the maturity date hereof, whether by acceleration or in due course, without notice, consent or consideration
to any of the foregoing, (d) agree to any substitution, exchange, addition, or release of any of the security for the indebtedness
evidenced by this Note or the addition or release of any party or person primarily or secondarily liable hereon, (e) agree that
the Lender shall not be required first to institute any suit, or to exhaust its remedies against the undersigned or any other person
or party to become liable hereunder or against the security in order to enforce the payment of this Note and (f) agree that, notwithstanding
the occurrence of any of the foregoing (except by the express written release by Lender of any such person), the undersigned shall
be and remain, jointly and severally, directly and primarily liable for all sums due under this Note.

 

 

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14.          Set-Offs:          The Borrower
and any endorsers, sureties, guarantors, and all others who are, or who may become liable for the payment hereof, severally expressly
grant to the Lender a continuing First Mortgage lien security interest in and authorize and empower the Lender, at its sole discretion,
at any time after the occurrence of a default hereunder to appropriate and, in such order as Lender may elect, apply to the payment
hereof or to the payment of any and all indebtedness, liabilities and obligations of such parties to the Lender or any of Lender's
affiliates (whether such indebtedness, liabilities and obligations are or will be joint or several, direct or indirect, absolute
or contingent, liquidated or unliquidated, matured or unmatured, including, but not limited to, any letter of credit issued by
Lender for the account of any such parties), any and all money, general or specific deposits, or collateral of any such parties
now or hereafter in the possession of the Lender.

 

15.          Submission to Jurisdiction:          Borrower,
and any endorsers, sureties, guarantors and all others who are, or who may become liable for the payment hereof severally, irrevocably
and unconditionally (a) agree that any suit, action, or other legal proceeding arising out of or relating to this Note may be brought,
at the option of the Lender, in a court of record of the State of Florida in Miami-Dade County, in the United States District Court
for the Southern District of Florida, or in any other court of competent jurisdiction; (b) consent to the jurisdiction of each
such court in any such suit, action or proceedings; and (c) waive any objection which it or they may have to the laying of venue
of any such suit, action, or proceeding in any of such courts.

 

16.          Miscellaneous Provisions:

 

16.1          The term Lender as used herein
shall mean any holder of this Note.

 

16.2          Time is of the essence in this
Note.

 

16.3          The captions of sections of
this Note are for convenient reference only, and shall not affect the construction or interpretation of any of the terms and provisions
set forth in this Note.

 

16.4          All notices, demands, requests
and other communications required under this Note shall be given in writing delivered by hand or mail, and shall be conclusively
deemed to have been received when, upon receipt or refusal of such receipt, by United States first class mail, return receipt requested,
postage prepaid, addressed to the party for whom it is intended at the following address: For Lender at 1541 Sunset Drive -
Suite 302, South Miami, FL 33143, and for Borrower at 1080 NW 163 Drive, Miami, FL 33169. Any party may designate a change
of address by written notice to the other party, received by such other party at least ten (10) days before such change of address
is to become effective.

 

16.5          This Note shall be construed,
interpreted, enforced and governed by and in accordance with the laws of the State of Florida (excluding the principles thereof
governing conflicts of law), and federal law, in the event federal law permits a higher rate of interest than Florida law.

 

16.6          If any provision or portion
of this Note is declared or found by a court of competent jurisdiction to be unenforceable or null and void, such provision or
portion thereof shall be deemed stricken and severed from this Note, and the remaining provisions and portions thereof shall continue
in full force and effect.

 

16.7          This Note may not be amended,
extended, renewed or modified nor shall any waiver of any provision hereof be effective, except by an instrument in writing executed
by an authorized officer of the Lender. Any waiver of any provision hereof shall be effective only in the specific instance and
for the specific purpose for which given.

 

 

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17.          Waiver or Trial by Jury:          BORROWER
AND LENDER (BY ACCEPTANCE OF THIS INSTRUMENT) HEREBY KNOWINGLY, IRREVOCABLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHT EITHER
MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY ACTION, PROCEEDING OR COUNTERCLAIM BASED ON THIS NOTE, OR ARISING OUT OF, UNDER OR
IN CONNECTION WITH THIS NOTE OR ANY LOAN DOCUMENTS OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS(WHETHER VERBAL OR WRITTEN)
OR ACTIONS OF ANY PARTY HERETO OR TO ANY LOAN DOCUMENT. THIS PROVISION IS A MATERIAL INDUCEMENT FOR BORROWER AND LENDER ENTERING
INTO THE SUBJECT LOAN TRANSACTION.

 

 

THE PROPER FLORIDA
DOCUMENTARY STAMP TAX HAS BEEN PAID ON THIS NOTE AND EVIDENCE OF SUCH PAYMENT APPEARS ON THE FUTURE ADVANCE AND CONSOLIDATION AGREEMENT
SECURING THIS NOTE.

 

 

	 	NET TALK.COM, INC, a Florida Corporation
	 	 
	 	By:    /s/ Anastasios Kyriakides
	 	          Anastasios Kyriakides, President
	 	 
	 	 
	 	(Corporate Seal)
	 	 
	 	 

 

 

	State of Florida
	County of Miami-Dade
	 
	The foregoing instrument was acknowledged before me this 11 day of January, 2013 by Anastasios Kyriakides, President of NET TALK.COM, INC, a Florida Corporation, on behalf of the corporation. He [_] is personally known to me or [X] has produced a driver's license as identification.
	 
	 	 
	[Notary Seal]	Notary Public
	 	 
	 	Printed Name:	 
	 	 
	 	My Commission Expires:	 
	 	 	 	 

 

 

 

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