WARRANT To Purchase _____,000 Shares of Common Stock of i2 TELECOM INTERNATIONAL, INC.I2 Telecom International Inc • November 14th, 2007 • Radiotelephone communications • Delaware
THIS WARRANT (the “Warrant”) certifies that, for value received,____________________ (the “Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after ____________, 2007 (the “Initial Exercise Date”) and on or prior to the third-year anniversary of the Initial Exercise Date (the “Termination Date”), but not thereafter, to subscribe for and purchase from i2 Telecom International, Inc., a Washington corporation (the “Company”), up to _____,000 shares (the “Warrant Shares”) of common stock, no par value per share, of the Company (the “Common Stock”). The purchase price of each share of Common Stock (the “Exercise Price”) under this Warrant shall be $0.10, subject to adjustment hereunder.
WARRANT To Purchase 1,800,000 Shares of Common Stock of i2 TELECOM INTERNATIONAL, INC.Warrant • November 14th, 2007 • I2 Telecom International Inc • Radiotelephone communications • Delaware
THIS WARRANT (the “Warrant”) certifies that, for value received, Vestal Venture Capital (the “Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after November 4, 2007 (the “Initial Exercise Date”) and on or prior to the third-year anniversary of the Initial Exercise Date (the “Termination Date”), but not thereafter, to subscribe for and purchase from i2 Telecom International, Inc., a Washington corporation (the “Company”), up to 1,800,000 shares (the “Warrant Shares”) of common stock, no par value per share, of the Company (the “Common Stock”). The purchase price of each share of Common Stock (the “Exercise Price”) under this Warrant shall be $0.15, subject to adjustment hereunder.
REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • November 14th, 2007 • I2 Telecom International Inc • Radiotelephone communications • Delaware
This REGISTRATION RIGHTS AGREEMENT (the “Agreement”) is made and entered into as of August 31, 2007, by and among I2 TELECOM INTERNATIONAL, INC., a Washington corporation (the “Company”), and each of the Persons listed on the signature pages hereto (each a “Holder” and, collectively, the “Holders”).
PLEDGE AGREEMENTPledge Agreement • November 14th, 2007 • I2 Telecom International Inc • Radiotelephone communications • Indiana
This PLEDGE AGREEMENT, dated as of September 28, 2007 (this “Agreement”) between i2 Telecom International, Inc., a Washington corporation (herein called the “Pledgor”), and Vestal Venture Capital, (“Payee”) located at 6471 Enclave Way, Boca Raton, Florida 33496 for itself, as lender, and as agent for other lenders that now are or hereafter become parties to the Loan Agreement (defined below) (“Agent”). Vestal Venture Capital and such other lenders are individually referred to as a “Lender” and collectively as the “Lenders” and the Pledgor and Payee are collectively referred to as the “Parties”.
GUARANTYGuaranty • November 14th, 2007 • I2 Telecom International Inc • Radiotelephone communications
In order to induce VESTAL VENTURE CAPITAL, having its principal place of business in Boca Raton, Florida (“Lender”), to loan the principal amount of Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) to I2 TELECOM INTERNATIONAL, INC., a Washington corporation (“Borrower”), evidenced by that certain Promissory Note executed by Borrower contemporaneously herewith (the “Note”), PAUL R. ARENA (the “undersigned”) hereby irrevocably, unconditionally, and absolutely guarantees the due performance and punctual payment in full of all obligations and all costs, including attorneys’ fees, arising out of Borrower’s obligations under the Note (all such obligations, costs, expenses and liabilities being hereinafter referred to as the “Obligations”), pursuant to the terms and conditions set forth herein.
TERM LOAN AGREEMENTTerm Loan Agreement • November 14th, 2007 • I2 Telecom International Inc • Radiotelephone communications
This Term Loan Agreement (the “Agreement”) is made and entered into as of September 28, 2007, by and between I2 TELECOM INTERNATIONAL, INC., a Washington corporation (the “Company”) and VESTAL VENTURE CAPITAL located at 6471 Enclave Way, Boca Raton, Florida 33496, (the “Lender”) with reference to the following facts:
MODIFICATION AGREEMENTModification Agreement • November 14th, 2007 • I2 Telecom International Inc • Radiotelephone communications
The undersigned parties previously agreed to replace the terms of the original loan agreement set forth in the Promissory Note dated April 7, 2005 with a new Promissory Note dated August 31, 2006.
TERM LOAN AGREEMENTTerm Loan Agreement • November 14th, 2007 • I2 Telecom International Inc • Radiotelephone communications
This Term Loan Agreement (the “Agreement”) is made and entered into as of _______________, 2007, by and between I2 TELECOM INTERNATIONAL, INC., a Washington corporation (the “Company”) and _______________________ located at _______________________________, (the “Lender”) with reference to the following facts:
