Document:

Exhibit
        10.7

       

      C2
        GLOBAL TECHNOLOGIES INC.

      8813
        Ridge Road

      Bethesda,
        Maryland 20817

       

      
        	 	
                September
                  30,
                  2005

              

      

       

      Laurus
        Master Fund, Ltd. 

      c/o
        Laurus Capital Management, LLC

      825
        Third
        Avenue

      New
        York,
        New York 10022

       

      Re:
        Cash
        Collateral Deposit Agreement

       

      Gentlemen:

       

      Reference
        is made to the Amended and Restated Master Security Agreement dated as of
        October 14, 2004 and amended and restated as of the date hereof, as the same
        may
        be further amended, modified, supplemented and restated from time to time
        (the
“Security Agreement”) by and among C2 Global Technologies, Inc. (f/k/a Acceris
        Communications, Inc.), a Florida corporation (“C2 Global”), C2 Communications
        Technologies, Inc., a Delaware corporation (“C2 Communications”), WebtoTel Inc.,
        a Delaware corporation (“WebtoTel”), CPT-1 Holdings, Inc., a Delaware
        corporation (“CPT-1”), Mibridge, Inc., a Utah corproration (“Mibridge”), Acceris
        Communications Corp., a Delaware corporation (“Acceris”) (each a “Company” and
        collectively the “Companies”) and Laurus Master Fund, Ltd. (“Laurus”). All
        capitalized terms used herein which are not defined shall have the meanings
        given to them in the Security Agreement.

       

      In
        consideration of Laurus’ agreement to release its security interest in certain
        assets of one or more of the Companies, and for other good and valuable
        consideration the receipt and sufficiency of which is hereby acknowledged,
        as
        collateral security for the Obligations, C2 Global (the parent company of
        each
        of C2 Communications, WebtoTel, CPT-1, Mibridge and Acceris), hereby deposits
        with Laurus and grants to Laurus a security interest in the sum of One Million
        Eight Hundred Thousand Dollars ($1,800,000), together with any and all interest
        accruing and accrued thereon, to be held by Laurus for the uses and purposes
        herein stated (this deposit to be hereinafter referred to as the “Collateral
        Deposit”).

       

      Upon
        the
        occurrence and during the continuance of any Event of Default or if a notice
        of
        any lien, levy or assessment is filed of record with respect to any assets
        of
        any Company by the United States or any department, agency or instrumentality
        thereof, or if any taxes or debts owing at any time or times hereafter to
        any
        one of them becomes a lien or encumbrance upon any assets of any Company
        in
        Laurus’ possession or otherwise, Laurus and its successors and assigns may,
        without demand of performance or advertisement or notice of any kind to or
        upon
        any Company (each of which demands, advertisements and/or notices are hereby
        expressly waived), forthwith or at any time or times thereafter, appropriate
        and
        apply all or any part of the Collateral Deposit to the payment of the
        Obligations. 

       

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

      In
        addition to Laurus’ other rights hereunder, Laurus is hereby authorized to apply
        the proceeds of the Collateral Deposit to regularly scheduled amortization
        payments owing by the Companies to Laurus under the terms of the Secured
        Convertible Term Note dated October 14, 2004 made by C2 Global in favor of
        Laurus, as amended, modified, supplemented and restated from time to
        time.

       

      When
        all
        Obligations have been indefeasibly paid in full, the Documents have been
        irrevocably terminated and the Companies have executed full releases in favor
        of
        Laurus in form and substance satisfactory to Laurus, any portion of the
        Collateral Deposit remaining on deposit hereunder shall be returned to C2
        Global.

       

      This
        letter agreement shall be binding upon and inure to the benefit of the parties
        hereto and their respective successors and assigns and shall be governed
        by and
        construed in accordance with the laws of the State of New York.

       

      
        	 	 	 
	 	Very
                truly yours,
	 	 
	 	C2 GLOBAL TECHNOLOGIES INC.
	 
 	 
 	 
 
	 	By:  	 
	 	
                
Name:
	 	Title:
	 	 
	 	 
	ACCEPTED:	 
	 	 
	LAURUS MASTER FUND, LTD.	 
	 	 
	By:
                _______________________________________	 
	Name:	 
	Title:	 

      

       

      
        
           

        

        
          2Exhibit 10.10.2

    
      

    

     

    Exhibit
      10.10.2

     

     

    

      2005
        AMENDMENT

      TO

      EXECUTIVE
        SUPPLEMENTAL RETIREMENT PLAN

      

      EXECUTIVE
        AGREEMENT

      

      THIS
        2005
        AMENDMENT (the “2005 Amendment”) is made and entered into on the 14th day of
        June, 2005, effective as of May 1, 2004 (the “Effective Date”) by and between
        FIRST CAPITAL BANK (the “Bank”), a state-chartered commercial bank located in
        Norcross and the successor-in-interest to Chattahoochee National Bank, and
        HEBER
        N. PADGET, JR., an employee of the Bank and resident of the State of Georgia
        (the “Executive”).

      

      Introduction

      

      Chattahoochee
        National Bank, the predecessor-in-interest to the Bank, and the Executive
        previously entered into that certain Executive Agreement, dated August 21,
        2002
        (the “Agreement”), pursuant to the Chattahoochee National Bank Executive
        Supplemental Retirement Plan, setting forth the rights and obligations of
        the
        parties with respect to certain retirement benefit opportunities to be provided
        to the Executive by Chattahoochee National Bank.

      

      On
        May
        28, 2004, the holding company of Chattahoochee National Bank, which was then
        known as CNB Holdings, Inc. (the “Company”), acquired the former First Capital
        Bancorp, Inc. (“Old FCBI”) through the merger (the “Holding Company Merger”) of
        Old FCBI with and into the Company and on December 31, 2004, the Company
        changed
        its name from CNB Holdings, Inc. to First Capital Bancorp, Inc. 

      

      As
        a
        result of the Holding Company Merger, First Capital Bank, a wholly-owned
        subsidiary of Old FCBI, became a wholly-owned subsidiary of the Company while
        Chattahoochee National Bank continued to be a wholly-owned subsidiary of
        the
        Company. On November 15, 2004, however, the Company merged its two wholly-owned
        banking subsidiaries (the “Bank Merger”), First Capital Bank and Chattahoochee
        National Bank, with First Capital Bank surviving the Bank Merger.

      

      Prior
        to
        the Holding Company Merger, the parties to the Agreement signed an amendment
        thereto pursuant to which the Executive acknowledged and agreed that neither
        the
        then anticipated Holding Company Merger nor the Bank Merger would constitute
        a
“change of control” under the Agreement and, as a result, that the provisions of
        Paragraph V of the Agreement would be interpreted consistently with the
        definition of “change of control” as modified by such amendment. However, the
        parties are now unable to locate the documentation reflecting the amendment
        (the
“Lost Amendment”).

      

      The
        parties now desire to enter in to this 2005 Amendment for the purpose of
        documenting the prior agreement of the parties to amend the original Agreement
        in the manner described above. 

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      Statement
        of Agreement

      

      In
        consideration of the premises hereinabove, the sum of $100.00 paid to the
        Executive and other good and valuable consideration the receipt and adequacy
        of
        which is hereby acknowledged, the parties hereto do hereby amend the Agreement,
        as of the Effective Date, as follows:

      

      1.    From
        and
        after May 28, 2004, all references to the “Holding Company” in the Agreement
        shall be deemed to constitute a reference to First Capital Bancorp, Inc.
        and
        from and after November 15, 2004, all references to the “Bank” in the Agreement
        shall be deemed to constitute a reference to First Capital Bank

      

      2.    By
        deleting Subparagraph I [I] of the Agreement in its entirety and by substituting
        therefor:

      

      
        	 	
                “I.

              	
                Change
                  of Control:

              

      

      

      Change
        of
        Control means the cumulative transfer of more than fifty percent (50%) of
        the
        voting stock of the Bank or the Holding Company as a result of a transaction
        or
        series of related transactions that are consummated on or after January 1,
        2005.
        For purposes of this Agreement, transfers made on account of deaths or gifts,
        transfers between family members or transfers to any tax-qualified retirement
        plan maintained by the Bank shall not be considered in determining whether
        there
        has been a Change of Control. For purposes of this Agreement, consistent
        with
        the preceding provisions of this Subparagraph, under no circumstances will
        either of the following transactions be deemed to constitute a Change of
        Control: (i) the merger of First Capital Bancorp, Inc with and into CNB
        Holdings, Inc. on May 28,
        2004;
        or (ii) the merger of Chattahoochee National Bank with and into First Capital
        Bank on November 15, 2004.” 

      

      3.    Except
        as
        specifically provided herein, the Agreement shall remain in full force and
        effect as prior to this 2005 Amendment. Notwithstanding the foregoing, the
        provisions of this 2005 Amendment shall supersede in all respects each and
        every
        provision of the Lost Amendment.

      

      IN
        WITNESS WHEREOF, the parties hereto have executed this 2005 Amendment on
        the
        date first written above.

      

      
        	 	
                FIRST
                  CAPITAL BANK:

              
	 	 
	 	 
	 	
                By: /s/
                  David R. Hink

              
	 	 
	 	
                Name: 
                  David
                  R. Hink

              
	 	 
	 	
                Title: 
                  Chairman

              
	 	 
	 	 
	 	
                /s/
                  Heber N. Padget, Jr.

              
	 	
                Heber
                  N. Padget, Jr.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}]]