FIRST AMENDED ADVISORY SERVICES AGREEMENT
Exhibit
4.2
This
First Amended Advisory Services Agreement (the “Amended
Agreement”),
is
effective as of May 14, 2007, between Xxxx X. Xxxx, Esq. (the “Consultant”),
and
VoIP, Inc. (the “Company”).
WHEREAS,
on May
9, 2007, the Consultant and the Company entered into an Advisory Services
Agreement (the “Services
Agreement”),
a
copy of which is attached hereto as Exhibit
A;
WHEREAS,
the
Consultant and the Company wish to amend Section 4(c) of the Services
Agreement;
NOW,
THEREFORE,
in
consideration of the mutual covenants contained in this Amended Agreement,
and
for good and valuable consideration, the receipt of which is hereby
acknowledged, it is agreed as follows:
1. |
AMENDMENT.
|
Section
4(c) of the Services Agreement shall be amended and restated as
follows:
Options.
By or
before Payment Date One, Consultant shall have an option to purchase 1,875,000
common Company shares (“Option
One Shares”)
for
$.18 per share. By or before Payment Date Two, Consultant shall have an option
to purchase 1,875,000 common Company shares (“Option
Two Shares”)
for
$.18 per share. The Option One Shares and Option Two Shares, if such an option
to purchase such common shares is exercised, shall be registered in a Form
S-8
registration statement and shall be delivered to Consultant free of any
restrictive legend.
IN
WITNESS WHEREOF, this First Amended Advisory Services Agreement has been
executed by the parties first listed above as of May 14, 2007.
CONSULTANT: | COMPANY: | ||
XXXX X. XXXX, ESQ. | VOIP, INC. | ||
/s/ Xxxx X. Xxxx, Esq. | /s/ Xxxxxxx X. Xxxxxxx | ||
Xxxx X. Xxxx, Esq. |
By: Xxxxxxx X. Xxxxxxx |
||
Its:
Chief Executive Officer
|