Document:

a5995803ex10_02.htm

    EXHIBIT
10.02

    

    Letter
Agreement between Net Talk.com, Inc. and OmniReliant Holdings, Inc. dated June
25, 2009.

     

    

     

    NET
TALK.COM, INC.

    1100 NW
163rd Drive,
Suite 3

    N. Miami
Beach, Florida 33169

    

     

     

    June 25,
2009

     

    

     

    Gentlemen:

     

    
      Reference
is hereby made to that certain Marketing and Distribution Agreement dated
effective March 13, 2009 (the “Marketing
Agreement”), by and among OmniReliant Corporation, a Florida corporation
(“ORI”) and Net
Talk.com, Inc. (“NTI”), a Florida
corporation. As referenced in the Marketing Agreement, ORI agreed to provide
certain marketing and distribution services to NTI in exchange for the
consideration identified in the Marketing Agreement. Shortly after the parties
executed the Marketing Agreement, the parties orally amended the section
entitled “Special Terms and Conditions” to defer NTI’s obligation to issue
1,000,000 shares of NTI common stock (the “Common Stock”) to ORI until such time
as the infomercial was produced and approved jointly by the parties The purpose
of this letter is to memorialize the foregoing oral agreement and to further
memorialize the parties’ joint approval of the infomercial. Accordingly, NTI
shall execute Irrevocable Transfer Agent Instructions in the form attached
hereto as Exhibit
A and deliver the same to Fidelity Transfer authorizing the issuance of
the Common Stock.

    

     

     

    
      
        
          
            
              
                	 	Very
      truly yours,	 
	 	 	 
	 	NET
      TALK.COM, INC.	 
	 	 	 	 
	
                         

                      	
                        By:
      

                      	/s/ Anastasios
      Kyriakides	 
	 	 	Anastasios
      Kyriakides	 
	 	 	Chief
      Executive Officer	 
	 	 	 	 

              

            

          

        

      

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  	If
      the foregoing is acceptable, please sign below where indicated.	 	 	 	 
	 	 	 	 	 
	ACKNOWLEDGED
      AND AGREED:	 	 	 	 
	 	 	 	 	 
	OMNIRELIANT
      CORPORATION	 	 	 	 
	 	 	 	 	 	 
	By:	
                                                          /s/
      Paul Morrison

                                                        	 	 	
                                                           

                                                        	 
	 	
                                                          Paul
      Morrison

                                                        	 	 	
                                                           

                                                        	 
	 	
                                                          Chief
      Executive Officer

                                                        	 	 	
                                                           

                                                        	 

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      IRREVOCABLE
TRANSFER AGENT INSTRUCTIONS

      

      June 25,
2009

      

      VIA ELECTRONIC
MAIL

      

      Fidelity
Transfer Company

      8915 S 700
E., Suite 102

      Sandy,
Utah 84070

      Attention:
Kevin Kopaunik

      

      Re:       Net
Talk.com, Inc.

      

      Ladies and
Gentlemen:

      

      This
letter shall serve as our irrevocable authorization and direction to Fidelity
Transfer Company (the “Transfer Agent”) to
issue the following shares of common stock, par value $0.001 per share (the
“Common Stock”
of Net Talk.com, Inc., a Florida corporation (the “Company”):

      

      
        
          
            
              
                	   
      	
                        Issue Date

                      	
                        Holder

                      	
                        Number of Shares

                      	
                        Status

                      
	 	 
      	 
      	 
      	 
      
	 	
                        June
      25, 2009

                      	
                        OmniReliant
      Corporation

                      	
                        1,000,000

                      	
                        Unregistered

                      

              

            

          

        

      

       

      

      The shares
are being issued pursuant to the Marketing and Distribution Agreement by and
between the Company and OmniReliant Corporation dated effective as of March l3
2009, as amended, whereby the Company has agreed to issue to OmniReliant
Corporation 1,000,000 shares of its Common Stock.

      

      The
original certificate should be forwarded via overnight courier to OmniReliant
Corporation, 14375 Myerlake Circle, Clearwater, Florida 33760, Attn: Paul
Morrison.

      

      Please
send a copy of the certificate to the Company, 1100 NW 163rd Drive,
Suite 3, N. Miami Beach, Florida 33760, Attn: Anastasios Kyriakides.

      

      Please
acknowledge that the shares will be isssued by countersigning this letter and
forwarding copies of the issued certificate representing the Common Stock to the
Company’s legal counsel, Joseph A. Probasco, Bush Ross, P.A., 1801 N. Highland
Avenue, Tampa, Florida 33602 via facsimile at (813) 223- 9620 or via email at
jprobasco@bushross.com.

      

      The
Company hereby confirms to the Transfer Agent that no instructions other than as
contemplated herein will be given to the Transfer Agent by the Company with
respect to the matters referenced herein. The Company hereby authorizes and
directs the Transfer Agent, and the Transfer Agent shall be obligated, to
disregard any contrary instructions received by or on behalf of the
Company.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    
       

      
        
          
            
              
                
                  	 	Very
      truly yours,	 
	 	 	 
	 	NET
      TALK.COM, INC.	 
	 	 	 	 
	
                           

                        	
                          By:

                        	/s/ Anastasios
      Kyriakides	 
	 	 	Anastasios
      Kyriakides	 
	 	 	Chief
      Executive Officer and Secretary	 
	 	 	 	 

                

              

            

          

        

      

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  	 	 	 	 	 
	 	 	 	 	 
	

                                                          Acknowledged
      and Agreed

                                                        	 	 	 	 
	 	 	 	 	 
	

                                                          FIDELITY
      TRANSFER COMPANY

                                                        	 	 	 	 
	 	 	 	 	 	 
	By:	
                                                          /s/
      Kevin Kopaunik

                                                        	 	 	
                                                           

                                                        	 
	 	
                                                          Kevin
      KopaunikExhibit 4.4
    

    
      

    

    
      NUMBER SHARES BANK OF
      FLORIDA CORPORATION INCORPORATED UNDER THE LAWS OF THE STATE OF FLORIDA
      FIXED RATE CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES B THIS CERTIFIES
      THAT is the owner of: FULLY
      PAID AND NONASSESSABLE SHARES OF FIXED RATE CUMULATIVE PERPETUAL
      PREFERRED STOCK, SERIES B $25,000
      LIQUIDATION PREFERENCE PER SHARE $0.01 PAR VALUE PER SHARE The shares
      represented by this Certificate are transferable only on the stock
      transfer books of Bank of Florida Corporation by the holder of record
      hereof, or by his duly authorized attorney or legal representative, upon
      the surrender of this Certificate properly endorsed. This Certificate,
      and the shares represented hereby, are issued and shall be held subject
      to all the provisions of the Articles of Incorporation and the
      Certificate Of The Designation, Preferences, Rights And Limitations Of
      Fixed Rate Cumulative Perpetual Preferred Stock, Series B of f Bank of
      Florida Corporation, and any amendments thereto (copies of which are on
      file with the Corporate Secretary of f Bank of Florida Corporation and
      the Secretary of State of the State of Florida), to all of which
      provisions the holder by acceptance hereof assents. Bank of Florida
      Corporation will furnish the holder hereof a full statement of such
      information on request and without charge. The shares evidenced by this
      Certificate are not of an insurable type and are not insured by the
      Federal Deposit Insurance Corporation. IN WITNESS WHEREOF, f Bank of
      Florida Corporation has caused this Certificate to be executed by the
      signature of its duly authorized officers and has caused its corporate
      seal to be hereunto affixed.Dated:, 2009 SEAL President Assistant
      Corporate Secretary

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