Document:

Exhibit
      10.10

    

    THIS
      WARRANT AND THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT
      BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS WARRANT
      AND
      THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD,
      OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
      REGISTRATION STATEMENT UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY
      SATISFACTORY TO VOIP, INC. THAT SUCH REGISTRATION IS NOT
      REQUIRED.

     

     

    
      	 	Right
              to purchase 2,187,500 shares of common stock of VoIP, Inc. (subject
              to
              adjustment as provided herein)

    

     

    COMMON
      STOCK PURCHASE WARRANT

     

    
      	Warrant
              No.: 2007-0019	
              Issue
                Date: July 31, 2007 

            

    

     

    VoIP,
      INC., a corporation organized under the laws of the State of Texas (the
“Company”), hereby certifies that, for value received, NATHAN ZACK, 411 South
      Old Woodward Avenue, #928, Birmingham, Michigan 48009,
      or his
      assigns (the “Holder”), is entitled, subject to the terms set forth below, to
      purchase from the Company at any time after the Issue Date until 5:00 p.m.,
      E.S.T on the third (3rd)
      anniversary of the Issue Date (the “Expiration Date”), up to 2,187,500 fully
      paid and nonassessable shares of Common Stock at a per share purchase price
      of
      $0.18. The aforedescribed purchase price per share, as adjusted from time to
      time as herein provided, is referred to herein as the "Purchase Price." The
      number and character of such shares of Common Stock and the Purchase Price
      are
      subject to adjustment as provided herein. The Company may reduce the Purchase
      Price without the consent of the Holder. Capitalized terms used and not
      otherwise defined herein shall have the meanings set forth in that certain
      Subscription Agreement (the “Subscription
      Agreement”),
      dated
      July 31, 2007, entered into by the Company and Holders of the
      Warrants.

    

    As
      used
      herein the following terms, unless the context otherwise requires, have the
      following respective meanings: 

     

    (a) The
      term
“Company” shall include VoIP, Inc. and any corporation which shall succeed or
      assume the obligations of VoIP, Inc., hereunder. 

     

    (b) The
      term
“Common Stock” includes (a) the Company's Common Stock, $.001 par value per
      share, as authorized on the date of the Subscription Agreement, and (b) any
      other securities into which or for which any of the securities described in
      (a) may be converted or exchanged pursuant to a plan of recapitalization,
      reorganization, merger, sale of assets or otherwise.

     

    (c) The
      term
“Other Securities” refers to any stock (other than Common Stock) and other
      securities of the Company or any other person (corporate or otherwise) which
      the
      holder of the Warrant at any time shall be entitled to receive, or shall have
      received, on the exercise of the Warrant, in lieu of or in addition to Common
      Stock, or which at any time shall be issuable or shall have been issued in
      exchange for or in replacement of Common Stock or Other Securities pursuant
      to
      Section 2 or otherwise. 

     

    (d) The
      term
“Warrant Shares” shall mean the Common Stock issuable upon exercise of this
      Warrant.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    THIS
      WARRANT AND THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT
      BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS WARRANT
      AND
      THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD,
      OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
      REGISTRATION STATEMENT UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY
      SATISFACTORY TO VOIP, INC. THAT SUCH REGISTRATION IS NOT
      REQUIRED.

     

    
      
        	 	Right
                to purchase 2,187,500 shares of common stock of VoIP, Inc. (subject
                to
                adjustment as provided herein)

      

       

    

    COMMON
      STOCK PURCHASE WARRANT

     

    
      	Warrant
              No.: 2007-0019	
              Issue
                Date: July 31, 2007

            

    

     

    VoIP,
      INC., a corporation organized under the laws of the State of Texas (the
“Company”), hereby certifies that, for value received, GHT ASSOCIATES LLC, 500
      Griswold Street, 10th
      Floor,
      Detroit, Michigan 48226,
      or its
      assigns (the “Holder”), is entitled, subject to the terms set forth below, to
      purchase from the Company at any time after the Issue Date until 5:00 p.m.,
      E.S.T on the third (3rd)
      anniversary of the Issue Date (the “Expiration Date”), up to 2,187,500 fully
      paid and nonassessable shares of Common Stock at a per share purchase price
      of
      $0.08. The aforedescribed purchase price per share, as adjusted from time to
      time as herein provided, is referred to herein as the "Purchase Price." The
      number and character of such shares of Common Stock and the Purchase Price
      are
      subject to adjustment as provided herein. The Company may reduce the Purchase
      Price without the consent of the Holder. Capitalized terms used and not
      otherwise defined herein shall have the meanings set forth in that certain
      Subscription Agreement (the “Subscription
      Agreement”),
      dated
      July 31, 2007, entered into by the Company and Holders of the
      Warrants.

    

    As
      used
      herein the following terms, unless the context otherwise requires, have the
      following respective meanings: 

     

    (a) The
      term
“Company” shall include VoIP, Inc. and any corporation which shall succeed or
      assume the obligations of VoIP, Inc., hereunder. 

     

    (b) The
      term
“Common Stock” includes (a) the Company's Common Stock, $.001 par value per
      share, as authorized on the date of the Subscription Agreement, and (b) any
      other securities into which or for which any of the securities described in
      (a) may be converted or exchanged pursuant to a plan of recapitalization,
      reorganization, merger, sale of assets or otherwise.

     

    (c) The
      term
“Other Securities” refers to any stock (other than Common Stock) and other
      securities of the Company or any other person (corporate or otherwise) which
      the
      holder of the Warrant at any time shall be entitled to receive, or shall have
      received, on the exercise of the Warrant, in lieu of or in addition to Common
      Stock, or which at any time shall be issuable or shall have been issued in
      exchange for or in replacement of Common Stock or Other Securities pursuant
      to
      Section 2 or otherwise. 

     

    (d) The
      term
“Warrant Shares” shall mean the Common Stock issuable upon exercise of this
      Warrant.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    1. Exercise
      of Warrant.

     

    1.1. Number
      of Shares Issuable upon Exercise.
      From
      and after the Issue Date through and including the Expiration Date, the Holder
      hereof shall be entitled to receive, upon exercise of this Warrant in whole
      in
      accordance with the terms of subsection 1.2 or upon exercise of this
      Warrant in part in accordance with subsection 1.3, shares of Common Stock
      of the Company, subject to adjustment pursuant to Section 3.

     

    1.2. Full
      Exercise.
      This
      Warrant may be exercised in full by the Holder hereof by delivery of an original
      or facsimile copy of the form of subscription attached as Exhibit A hereto
      (the “Subscription Form") duly executed by such Holder and surrender of the
      original Warrant within four (4) days of exercise, to the Company at its
      principal office or at the office of its Warrant Agent (as provided
      hereinafter), accompanied by payment in cash, wire transfer or by certified
      or
      official bank check payable to the order of the Company, in the amount obtained
      by multiplying the number of shares of Common Stock for which this Warrant
      is
      then exercisable by the Purchase Price then in effect. 

     

    1.3. Partial
      Exercise.
      This
      Warrant may be exercised in part (but not for a fractional share) by surrender
      of this Warrant in the manner and at the place provided in subsection 1.2
      except that the amount payable by the Holder on such partial exercise shall
      be
      the amount obtained by multiplying (a) the number of whole shares of Common
      Stock designated by the Holder in the Subscription Form by (b) the Purchase
      Price then in effect. On any such partial exercise, the Company, at its expense,
      will forthwith issue and deliver to or upon the order of the Holder hereof
      a new
      Warrant of like tenor, in the name of the Holder hereof or as such Holder (upon
      payment by such Holder of any applicable transfer taxes) may request, the whole
      number of shares of Common Stock for which such Warrant may still be
      exercised.

     

    1.4. Fair
      Market Value.
      Fair
      Market Value of a share of Common Stock as of a particular date (the
      "Determination Date") shall mean: 

     

    (a) If
      the
      Company's Common Stock is traded on an exchange or is quoted on the National
      Association of Securities Dealers, Inc. Automated Quotation ("NASDAQ"), National
      Market System, the NASDAQ SmallCap Market or the American Stock Exchange, LLC,
      then the closing or last sale price, respectively, reported for the last
      business day immediately preceding the Determination Date;

     

    (b) If
      the
      Company's Common Stock is not traded on an exchange or on the NASDAQ National
      Market System, the NASDAQ SmallCap Market or the American Stock Exchange, Inc.,
      but is traded in the over-the-counter market, then the average of the closing
      bid and ask prices reported for the last business day immediately preceding
      the
      Determination Date;

     

    (c) Except
      as
      provided in clause (d) below, if the Company's Common Stock is not publicly
      traded, then as the Holder and the Company agree, or in the absence of such
      an
      agreement, by arbitration in accordance with the rules then standing of the
      American Arbitration Association, before a single arbitrator to be chosen from
      a
      panel of persons qualified by education and training to pass on the matter
      to be
      decided; or

     

    (d) If
      the
      Determination Date is the date of a liquidation, dissolution or winding up,
      or
      any event deemed to be a liquidation, dissolution or winding up pursuant to
      the
      Company's charter, then all amounts to be payable per share to holders of the
      Common Stock pursuant to the charter in the event of such liquidation,
      dissolution or winding up, plus all other amounts to be payable per share in
      respect of the Common Stock in liquidation under the charter, assuming for
      the
      purposes of this clause (d) that all of the shares of Common Stock then
      issuable upon exercise of all of the Warrants are outstanding at the
      Determination Date.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    1.5. Company
      Acknowledgment.
      The
      Company will, at the time of the exercise of the Warrant, upon the request
      of
      the Holder hereof acknowledge in writing its continuing obligation to afford
      to
      such Holder any rights to which such Holder shall continue to be entitled after
      such exercise in accordance with the provisions of this Warrant. If the Holder
      shall fail to make any such request, such failure shall not affect the
      continuing obligation of the Company to afford to such Holder any such
      rights.

     

    1.6. Trustee
      for Warrant Holders.
      In the
      event that a bank or trust company shall have been appointed as trustee for
      the
      Holder of the Warrants pursuant to Subsection 2.2, such bank or trust
      company shall have all the powers and duties of a warrant agent (as hereinafter
      described) and shall accept, in its own name for the account of the Company
      or
      such successor person as may be entitled thereto, all amounts otherwise payable
      to the Company or such successor, as the case may be, on exercise of this
      Warrant pursuant to this Section 1. 

     

    1.7 Delivery
      of Stock Certificates, etc. on Exercise.
      The
      Company agrees that the shares of Common Stock purchased upon exercise of this
      Warrant shall be deemed to be issued to the Holder hereof as the record owner
      of
      such shares as of the close of business on the date on which this Warrant shall
      have been surrendered and payment made for such shares as aforesaid. As soon
      as
      practicable after the exercise of this Warrant in full or in part, the Company
      at its expense (including the payment by it of any applicable issue taxes)
      will
      cause to be issued in the name of and delivered to the Holder hereof, or as
      such
      Holder (upon payment by such Holder of any applicable transfer taxes) may direct
      in compliance with applicable securities laws, a certificate or certificates
      for
      the number of duly and validly issued, fully paid and nonassessable shares
      of
      Common Stock (or Other Securities) to which such Holder shall be entitled on
      such exercise, plus, in lieu of any fractional share to which such Holder would
      otherwise be entitled, cash equal to such fraction multiplied by the then Fair
      Market Value of one full share of Common Stock, together with any other stock
      or
      other securities and property (including cash, where applicable) to which such
      Holder is entitled upon such exercise pursuant to Section 1 or otherwise.

     

     2. Adjustment
      for Reorganization, Consolidation, Merger, etc.

     

    2.1. Reorganization,
      Consolidation, Merger, etc.
      In case
      at any time, or from time to time, the Company shall (a) effect a
      reorganization, (b) consolidate with or merge into any other person or
      (c) transfer all or substantially all of its properties or assets to any
      other person under any plan or arrangement contemplating the dissolution of
      the
      Company, then, in each such case, as a condition to the consummation of such
      a
      transaction, proper and adequate provision shall be made by the Company whereby
      the Holder of this Warrant, on the exercise hereof as provided in
      Section 1, at any time after the consummation of such reorganization,
      consolidation or merger or the effective date of such dissolution, as the case
      may be, shall receive, in lieu of the Common Stock (or Other Securities)
      issuable on such exercise prior to such consummation or such effective date,
      the
      stock and other securities and property (including cash) to which such Holder
      would have been entitled upon such consummation or in connection with such
      dissolution, as the case may be, if such Holder had so exercised this Warrant,
      immediately prior thereto, all subject to further adjustment thereafter as
      provided in Section 3.

     

    2.2. Dissolution.
      In the
      event of any dissolution of the Company following the transfer of all or
      substantially all of its properties or assets, the Company, prior to such
      dissolution, shall at its expense deliver or cause to be delivered the stock
      and
      other securities and property (including cash, where applicable) receivable
      by
      the Holder of the Warrants after the effective date of such dissolution pursuant
      to this Section 2 to a bank or trust company (a "Trustee") as trustee for
      the Holder of the Warrants. 

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    2.3. Continuation
      of Terms.
      Upon
      any reorganization, consolidation, merger or transfer (and any dissolution
      following any transfer) referred to in this Section 2, this Warrant shall
      continue in full force and effect and the terms hereof shall be applicable
      to
      the Other Securities and property receivable on the exercise of this Warrant
      after the consummation of such reorganization, consolidation or merger or the
      effective date of dissolution following any such transfer, as the case may
      be,
      and shall be binding upon the issuer of any Other Securities, including, in
      the
      case of any such transfer, the person acquiring all or substantially all of
      the
      properties or assets of the Company, whether or not such person shall have
      expressly assumed the terms of this Warrant as provided herein. In the event
      this Warrant does not continue in full force and effect after the consummation
      of the transaction described in this Section 2, then only in such event
      will the Company's securities and property (including cash, where applicable)
      receivable by the Holder of the Warrants be delivered to the Trustee as
      contemplated by Section 2.2.

     

    2.4 Share
      Issuance.
      Until
      the Expiration Date, if the Company shall issue any Common Stock except for
      the
      Excepted Issuances (as defined in the Subscription Agreement), prior to the
      complete exercise of this Warrant for a consideration less than the Purchase
      Price that would be in effect at the time of such issue, then, and thereafter
      successively upon each such issue, the Purchase Price shall be reduced to such
      other lower issue price. For purposes of this adjustment, the issuance of any
      security or debt instrument of the Company carrying the right to convert such
      security or debt instrument into Common Stock or of any warrant, right or option
      to purchase Common Stock shall result in an adjustment to the Purchase Price
      upon the issuance of the above-described security, debt instrument, warrant,
      right, or option and again at any time upon any subsequent issuances of shares
      of Common Stock upon exercise of such conversion or purchase rights if such
      issuance is at a price lower than the Purchase Price in effect upon such
      issuance. The reduction of the Purchase Price described in this Section 2.4
      is
      in addition to the other rights of the Holder described in the Subscription
      Agreement.

     

    3. Extraordinary
      Events Regarding Common Stock.
      In the
      event that the Company shall (a) issue additional shares of the Common
      Stock as a dividend or other distribution on outstanding Common Stock,
      (b) subdivide its outstanding shares of Common Stock, or (c) combine
      its outstanding shares of the Common Stock into a smaller number of shares
      of
      the Common Stock, then, in each such event, the Purchase Price shall,
      simultaneously with the happening of such event, be adjusted by multiplying
      the
      then Purchase Price by a fraction, the numerator of which shall be the number
      of
      shares of Common Stock outstanding immediately prior to such event and the
      denominator of which shall be the number of shares of Common Stock outstanding
      immediately after such event, and the product so obtained shall thereafter
      be
      the Purchase Price then in effect. The Purchase Price, as so adjusted, shall
      be
      readjusted in the same manner upon the happening of any successive event or
      events described herein in this Section 3. The number of shares of Common
      Stock that the Holder of this Warrant shall thereafter, on the exercise hereof
      as provided in Section 1, be entitled to receive shall be adjusted to a
      number determined by multiplying the number of shares of Common Stock that
      would
      otherwise (but for the provisions of this Section 3) be issuable on such
      exercise by a fraction of which (a) the numerator is the Purchase Price
      that would otherwise (but for the provisions of this Section 3) be in
      effect, and (b) the denominator is the Purchase Price in effect on the date
      of such exercise.

     

    4. Reservation
      of Stock, etc. Issuable on Exercise of Warrant; Financial
      Statements.
      The
      Company will at all times reserve and keep available, solely for issuance and
      delivery on the exercise of the Warrants, all shares of Common Stock (or Other
      Securities) from time to time issuable on the exercise of the Warrant. This
      Warrant entitles the Holder hereof to receive copies of all financial and other
      information distributed or required to be distributed to the holders of the
      Company's Common Stock. 

     

    5. Assignment;
      Exchange of Warrant.
      Subject
      to compliance with applicable securities laws, this Warrant, and the rights
      evidenced hereby, may be transferred by any registered holder hereof (a
      "Transferor"). On the surrender for exchange of this Warrant, with the
      Transferor's endorsement in the form of Exhibit B attached hereto (the
“Transferor Endorsement Form") and together with an opinion of counsel
      reasonably satisfactory to the Company that the transfer of this Warrant will
      be
      in compliance with applicable securities laws, the Company at its expense,
      twice, only, but with payment by the Transferor of any applicable transfer
      taxes, will issue and deliver to or on the order of the Transferor thereof
      a new
      Warrant or Warrants of like tenor, in the name of the Transferor and/or the
      transferee(s) specified in such Transferor Endorsement Form (each a
      "Transferee"), calling in the aggregate on the face or faces thereof for the
      number of shares of Common Stock called for on the face or faces of the Warrant
      so surrendered by the Transferor. No such transfers shall result in a public
      distribution of the Warrant.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    6. Replacement
      of Warrant.
      On
      receipt of evidence reasonably satisfactory to the Company of the loss, theft,
      destruction or mutilation of this Warrant and, in the case of any such loss,
      theft or destruction of this Warrant, on delivery of an indemnity agreement
      or
      security reasonably satisfactory in form and amount to the Company or, in the
      case of any such mutilation, on surrender and cancellation of this Warrant,
      the
      Company at its expense, twice only, will execute and deliver, in lieu thereof,
      a
      new Warrant of like tenor.

     

    7. Maximum
      Exercise.
      The
      Holder shall not be entitled to exercise this Warrant on an exercise date,
      in
      connection with that number of shares of Common Stock which would be in excess
      of the sum of (i) the number of shares of Common Stock beneficially owned
      by the Holder and its affiliates on an exercise date, and (ii) the number
      of shares of Common Stock issuable upon the exercise of this Warrant with
      respect to which the determination of this limitation is being made on an
      exercise date, which would result in beneficial ownership by the Holder and
      its
      affiliates of more than 4.99% of the outstanding shares of Common Stock on
      such
      date. For the purposes of the immediately preceding sentence, beneficial
      ownership shall be determined in accordance with Section 13(d) of the
      Securities Exchange Act of 1934, as amended, and Regulation 13d-3 thereunder.
      Subject to the foregoing, the Holder shall not be limited to aggregate exercises
      which would result in the issuance of more than 4.99%. The
      restriction described in this paragraph may be waived, in whole or in part,
      upon sixty-one (61) days prior notice from the Holder to the Company. The Holder
      may allocate which of the equity of the Company deemed beneficially owned by
      the
      Subscriber shall be included in the 4.99% amount described above and which
      shall
      be allocated to the excess above 4.99%.

     

    8. Warrant
      Agent.
      The
      Company may, by written notice to the Holder of the Warrant, appoint an agent
      (a
“Warrant Agent”) for the purpose of issuing Common Stock (or Other Securities)
      on the exercise of this Warrant pursuant to Section 1, exchanging this
      Warrant pursuant to Section 5, and replacing this Warrant pursuant to
      Section 6, or any of the foregoing, and thereafter any such issuance,
      exchange or replacement, as the case may be, shall be made at such office by
      such Warrant Agent. 

     

    9. Transfer
      on the Company's Books.
      Until
      this Warrant is transferred on the books of the Company, the Company may treat
      the registered holder hereof as the absolute owner hereof for all purposes,
      notwithstanding any notice to the contrary. 

     

    10. Notices.
      All
      notices, demands, requests, consents, approvals, and other communications
      required or permitted hereunder shall be in writing and, unless otherwise
      specified herein, shall be (i) personally served, (ii) deposited in the mail,
      registered or certified, return receipt requested, postage prepaid, (iii)
      delivered by reputable air courier service with charges prepaid, or (iv)
      transmitted by hand delivery, telegram, or facsimile, addressed as set forth
      below or to such other address as such party shall have specified most recently
      by written notice. Any notice or other communication required or permitted
      to be
      given hereunder shall be deemed effective (a) upon hand delivery or delivery
      by
      facsimile, with accurate confirmation generated by the transmitting facsimile
      machine, at the address or number designated below (if delivered on a business
      day during normal business hours where such notice is to be received), or the
      first business day following such delivery (if delivered other than on a
      business day during normal business hours where such notice is to be received)
      or (b) on the second business day following the date of mailing by express
      courier service, fully prepaid, addressed to such address, or upon actual
      receipt of such mailing, whichever shall first occur. The addresses for such
      communications shall be: (i) if to the Company to: VoIP,
      Inc., 151 So. Wymore Road, Suite 3000, Altamonte Springs, FL 32714, Attn:
      Anthony Cataldo, CEO, telecopier: (407) 389-3233, with a copy by telecopier
      only
      to: Baratta, Baratta & Aidala LLP, 597 Fifth Avenue, New York, NY 10017,
      Attn: Joseph A. Baratta, Esq., telecopier: (212) 750-8297, and (ii) if to the
      Holder, to the address and telecopier number listed on the first paragraph
      of
      this Warrant.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    11. Miscellaneous.
      This
      Warrant and any term hereof may be changed, waived, discharged or terminated
      only by an instrument in writing signed by the party against which enforcement
      of such change, waiver, discharge or termination is sought. This Warrant shall
      be construed and enforced in accordance with and governed by the laws of
      Florida. Any dispute relating to this Warrant shall be adjudicated in Seminole
      County in the State of Florida. The headings in this Warrant are for purposes
      of
      reference only, and shall not limit or otherwise affect any of the terms hereof.
      The invalidity or unenforceability of any provision hereof shall in no way
      affect the validity or enforceability of any other provision. 

     

     

    IN
      WITNESS WHEREOF, the Company has executed this Warrant as of the date first
      written above. 

     

    
      	 	 	 
	 	VOIP,
              INC.
	 
 	 
 	 
 
	 	By:  	         
              /s/ Robert Staats
	 	
              
         
              Name:  Robert Staats
	 	          Title:   
              Chief Accounting Officer 

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

Exhibit A

    

    

    FORM
      OF
      SUBSCRIPTION

    (to
      be
      signed only on exercise of Warrant)

     

    TO:
      VOIP,
      INC. 

     

    The
      undersigned, pursuant to the provisions set forth in the attached Warrant,
      hereby irrevocably elects to purchase (check applicable box):

    

    ___     
      ________
      shares of the Common Stock covered by such Warrant.

    

    The
      undersigned herewith makes payment of the full purchase price for such shares
      at
      the price per share provided for in such Warrant, which is $___________. Such
      payment takes the form of (check applicable box or boxes):

    

    ___     
      $__________
      in lawful money of the United States; and/or

     

    ___     
      the
      cancellation of such portion of the attached Warrant as is exercisable for
      a
      total of _______ shares of Common Stock (using a Fair Market Value of $_______
      per share for purposes of this calculation).

     

    
      The
        undersigned requests that the certificates for such shares be issued in the
        name
        of, and delivered to _____________________________________________________
        whose
        address is
        _________________________________________________________________________________________________________________________________

      ________________________________________________________________________________________________________________________

       

      Number
        of
        Shares of Common Stock Beneficially Owned on the date of exercise: Less than
        five percent (5%) of the outstanding Common Stock of VoIP, Inc..

       

    

    The
      undersigned represents and warrants that all offers and sales by the undersigned
      of the securities issuable upon exercise of the within Warrant shall be made
      pursuant to registration of the Common Stock under the Securities Act of 1933,
      as amended (the "Securities Act"), or pursuant to an exemption from registration
      under the Securities Act.

     

    
      	Dated:	  	
            	 	 
	 	 	(Signature
              must conform to name of holder as
specified on the face of the
              Warrant)
	 	 	 
	 	 	  
	 	 	  
	 	 	
              (Address)

            

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    Exhibit B

     

    FORM
      OF
      TRANSFEROR ENDORSEMENT

    (To
      be
      signed only on transfer of Warrant)

     

    For
      value
      received, the undersigned hereby sells, assigns, and transfers unto the
      person(s) named below under the heading "Transferees" the right represented
      by
      the within Warrant to purchase the percentage and number of shares of Common
      Stock of VOIP, INC. to which the within Warrant relates specified under the
      headings "Percentage Transferred" and "Number Transferred," respectively,
      opposite the name(s) of such person(s) and appoints each such person Attorney
      to
      transfer its respective right on the books of VOIP, INC. with full power of
      substitution in the premises.

     

    

      
        	
                 
                  Transferees

              	 	
                 
                  Percentage Transferred

              	 	
                 
                  Number Transferred

              
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

      

    

     

    
      	
              Dated:
                ______________, ___________

            	 	 
	 	 	
              (Signature
                must conform to name of holder as specified
on the face of the
                warrant)

            
	 	 	 
	
              Signed
                in the presence of:

            	 	 
	 	 	 
	 
	 	 

	
              (Name)

            	 	 

	 	 	
              (address)

            
	 	 	  
	
              ACCEPTED
                AND AGREED:

            	 	  

	
              [TRANSFEREE]

            	 	 
	 	 	
              (address)

            
	 
	 	 
	
              (Name)

            	 	 

       

      
        
          
          

        

        
          1Exhibit
      10.11

    

    ASSIGNMENT
      OF BALLOON PROMISSORY NOTE

     

    THIS
      ASSIGNMENT
      OF BALLOON PROMISSORY NOTE (the
      “Assignment
      Agreement”)
      is
      made as of July 27, 2007 (the “Effective
      Date”),
      by
      and between: (i) Shawn M. Lewis, an individual residing at 637 Field Club
      Circle, Casselberry, Florida 32707 (the "Assignor");
      (ii)
      VoIP, Inc., a Texas corporation, whose principal place of business is 151 South
      Wymore Road, Suite 3000, Altamonte Springs, Florida 32714 (the “Assignee”);
      and
      (iii) Black
      Forest International, LLC., a Delaware limited liability company, and its
      successors or assigns (“Lender”),
      whose
      mailing address is 2038 Corte del Nogal, Suite 110, Carlsbad, California 92008.
      The Assignor, Assignee and Lender may hereinafter be referred to individually
      as
      a “party” and collectively as the “parties.”

    

    THE
      BALLOON PROMISSORY NOTE

    

    WHEREAS,
      on or about March 30, 2007, the Assignor entered into a Balloon Promissory
      Note
      (the “Balloon
      Note”)
      attached hereto as Exhibit
      A
      and
      subsequent First Amended Balloon Promissory Note (the “Amended
      Balloon Note”)
      attached hereto as Exhibit
      B
      (the
      Balloon Note and the Amended Balloon Note are hereinafter collectively referred
      to as the “Note”);
      

    

    WHEREAS,
      Assignor is currently indebted to the Lender in the amount of three hundred
      thousand ($300,000) plus any accrued interest and penalties pursuant to the
      Note;

    

    WHEREAS,
      the Assignor wishes to assign the Note to the Assignee and the Assignee wishes
      to assume the Note (the “Assignment”)
      from
      the Assignor;

    

    WHEREAS,
      pursuant to Section A(3) of the Amended Balloon Note, the Lender’s consent is
      required to assign the Note, and Lender wishes to consent to the
      Assignment;

    

    THE
      ASSIGNMENT

    

    NOW,
      THEREFORE, in consideration for the following, and other good and valuable
      consideration, receipt of which is hereby acknowledged, it is hereby agreed
      as
      follows:

    

    1. Assignment.

    

    Assignor
      does hereby sell, assign, transfer, and convey to Assignee, and Assignee does
      hereby accept, all of Assignor's right, title, legal and financial
      responsibility, indebtedness and interest in the Note, on the terms and
      conditions set forth herein.

    

    2. Consideration.

    

    For
      and
      in consideration of the Assignee entering into this Assignment Agreement,
      Assignee shall receive from Assignor consideration
      consisting of $100 US Dollars.

    

    
      	
              ________Assignor

            	
              _______Assignee

            	
              _______Lender

            

    

    
      
         

      

      
        Page
          1 of
          10

        
          

        

      

      
         

      

    

     

    3. Release
      of Assignor Liability.

    

    In
      connection with the Note, Assignor and Lender executed several supporting
      documents including an Asset Pledge Agreement (attached hereto as Exhibit
      C),
      a
      First Amended Asset Pledge Agreement (attached hereto as Exhibit
      D),
      and an
      Escrow Agreement (attached hereto as Exhibit
      E).
      The
      Asset Pledge Agreement, First Amended Asset Pledge Agreement, and Escrow
      Agreement shall hereinafter be referred to collectively as the Supporting
      Documents. The Assignee and Lender hereby release the Assignor of any and all
      legal and financial responsibility, indebtedness and liability assumed under
      the
      Note and the Supporting Documents.

    

    4. Assignee
      Future Financings.

    

    In
      consideration of Lender entering into this Assignment Agreement, so long as
      the
      Note is outstanding, if the Assignee enters into any subsequent financings
      on
      terms other than the exact terms governing the Note, then Lender, in its sole
      discretion, may exchange the Note, valued at the stated value together with
      accrued but unpaid interest, for the security or other financial instrument,
      under the same terms of such security or financial instrument, issued in any
      such subsequent financing. Assignee hereby covenants and agrees to notify Lender
      in writing of the terms and conditions of any such proposed subsequent financing
      within ten (10) days of the closing of any such proposed financing.

    

    5. Notices.

    

    All
      notices or other communications required or permitted by this Assignment
      Agreement, the Note or by law to be served on or given to either party to this
      Assignment Agreement, Assignor, Assignee or Lender, by the other party shall
      be
      in writing and shall be deemed duly served when personally delivered to the
      party to whom it is directed or when deposited in the United States mail,
      first-class postage prepaid, addressed to 

    

    Assignor
      at:

    

    Shawn
      M.
      Lewis

    637
      Field
      Club Circle

    Casselberry,
      Florida 32707

    slewis@voiceone.com
      

    

    or
      to
      Assignee at:

    

    VoIP,
      Inc.

    151
      South
      Wymore Road, Suite 3000

    Altamonte
      Springs, Florida 32714

    Fax:
      (407) 389-3233

    

    
      	
              ________Assignor

            	
              _______Assignee

            	
              _______Lender

            

    

    
      
         

      

      
        Page
          2 of
          10

        
          

        

      

      
         

      

    

    

    or
      to
      Lender at 

    

    Black
      Forest International, LLC

    2038
      Corte del Nogal, Suite 110

    Carlsbad,
      California 92011

    Fax:
      760-804-8845

    

    Either
      party, Assignor or Assignee, may change its address for the purpose of this
      paragraph by giving written notice of that change to the other party in the
      manner provided in this paragraph. 

    

    6. MISCELLANEOUS.

    

    6.1 Governing
      Law.
      This
      Assignment Agreement and any dispute, disagreement or issue of construction
      or
      interpretation arising hereunder whether relating to its execution, its
      validity, and the obligations provided herein or performance shall be governed
      or interpreted according to the internal laws of the State of California without
      regard to choice of law considerations.

    

    6.2 Attorneys'
      Fees.
      In the
      event that there is any controversy or claim arising out of or relating to
      this
      Assignment Agreement, or to the interpretation, breach or enforcement thereof,
      and any action or proceeding relating to this Assignment Agreement is filed,
      the
      prevailing party shall be entitled to an award by the court of reasonable
      attorneys' fees, costs and expenses.  For purposes of this Section 6.2, a
      party shall be deemed to be the prevailing party in the event that such party
      is
      awarded greater than the sum of one-half (1/2) of the disputed amount of any
      losses, claims, damages, expenses, or liabilities plus any amounts not in
      dispute.

    

    6.3 Entire
      Assignment Agreement.
      This
      Assignment Agreement represents the entire agreement between the parties
      relating to the subject matter hereof. All previous agreements between the
      Parties, whether written or oral, have been merged into this Assignment
      Agreement. This Assignment Agreement alone fully and completely expresses the
      agreement of the Parties relating to the subject matter hereof. There are no
      other courses of dealing, understandings, agreements, representations, or
      warranties, written or oral, except as set forth herein.

    

    6.4 Counterparts.
      This
      Assignment Agreement may be executed in one or more counterparts, each of which
      shall be deemed an original but all of which together shall constitute one
      and
      the same instrument. The execution of this Assignment Agreement may be by actual
      or facsimile signature.

    6.5 Remedies
      and Waiver.
      Every
      right and remedy provided herein shall be cumulative with every other right
      and
      remedy, whether conferred herein, at law, or in equity, and such remedies may
      be
      enforced concurrently, and no waiver by any party of the performance of any
      obligation by the other shall be construed as a waiver of the same or any other
      default then, theretofore, or thereafter occurring or existing.

    

    
      	
              ________Assignor

            	
              _______Assignee

            	
              _______Lender

            

    

    
      
         

      

      
        Page
          3 of
          10

        
          

        

      

      
         

      

    

    

    6.6 Invalid
      Provisions.
      If any
      provision of this Assignment Agreement is held to be illegal, invalid or
      unenforceable under present or future laws effective during the term hereof,
      such provision shall be fully severable and this Assignment Agreement shall
      be
      construed and enforced as if such illegal, invalid or unenforceable provision
      had never comprised a part hereof and the remaining provisions hereof shall
      remain in full force and effect and shall not be affected by the illegal,
      invalid or unenforceable provision by its severance herefrom.

    

    6.7 Benefit.
      This
      Assignment Agreement shall be binding upon and inure to the benefit of the
      Parties hereto and their legal representatives, successors and assigns.
 There shall be no third party beneficiaries to this Assignment
      Agreement.

    

    6.8 Oral
      Evidence.
      This
      Assignment Agreement constitutes the entire agreement between the Parties and
      supersedes all prior oral and written agreements between the Parties hereto
      with
      respect to the subject matter hereof. Neither this Assignment Agreement nor
      any
      provision hereof may be changed, waived, discharged or terminated orally, except
      by a statement in writing signed by the party or parties against which
      enforcement or the change, waiver discharge or termination is
      sought.

    

    6.9 Section
      or Paragraph Headings.
      Section
      headings herein have been inserted for reference only and shall not be deemed
      to
      limit or otherwise affect, in any matter, or be deemed to interpret in whole
      or
      in part any of the terms or provisions of this Assignment
      Agreement.

    

    6.10 No
      Other Representations.
      The
      parties shall not be deemed to have made any representation or warranty other
      than those as expressly made in this Assignment Agreement.

    

    SIGNATURE
      PAGE FOLLOWS

    

    
      	
              ________Assignor

            	
              _______Assignee

            	
              _______Lender

            

    

    
      
         

      

      
        Page
          4 of
          10

        
          

        

      

      
         

      

    

    

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

    

    

    
      	
              SHAWN
                M. LEWIS

            	 	
              BLACK
                FOREST INTERNATIONAL, LLC

            
	
               

              /s/
                Shawn M. Lewis

            	 	
               

              /s/
                James B. Panther, II

            
	
              By:
                Shawn M. Lewis

              An
                individual

            	 	
              By:
                BCGU, LLC

              Its:
                Administrative Manager

              By:
                James B. Panther, II

              Its:
                Managing Member

            
	 	 	 
	 	 	 
	
              VOIP,
                INC.

            	 	 
	
               

              /a/
                Anthony Cataldo

            	 	 
	
              By:
                Anthony Cataldo

              Its:
                Chief Executive Officer

            	 	 

    

     

    
      	
              ________Assignor

            	
              _______Assignee

            	
              _______Lender

            

    

    
      
         

      

      
        Page
          5 of
          10

        
          

        

      

      
         

      

    

     

    EXHIBIT
      A

    

    Balloon
      Promissory Note

    

    
      	
              ________Assignor

            	
              _______Assignee

            	
              _______Lender

            

    

    
      
         

      

      
        Page
          6 of
          10

        
          

        

      

      
         

      

    

     

    EXHIBIT
      B

    

    First
      Amended Balloon Promissory Note

    

    
      	
              ________Assignor

            	
              _______Assignee

            	
              _______Lender

            

    

    
      
         

      

      
        Page
          7 of
          10

        
          

        

      

      
         

      

    

    

    EXHIBIT
      C

    

    Asset
      Pledge Agreement

    

    
      	
              ________Assignor

            	
              _______Assignee

            	
              _______Lender

            

    

    
      
         

      

      
        Page
          8 of
          10

        
          

        

      

      
         

      

    

    

    EXHIBIT
      D

    

    First
      Amended Asset Pledge Agreement

    

    
      	
              ________Assignor

            	
              _______Assignee

            	
              _______Lender

            

    

    
      
         

      

      
        Page
          9 of
          10

        
          

        

      

      
         

      

    

    

    EXHIBIT
      E

    

    Escrow
      Agreement

    

    
      	
              ________Assignor

            	
              _______Assignee

            	
              _______Lender

            

    

    
      
         

      

      
        Page
          10
          of 10

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