CONSULTING
AGREEMENT
AGREEMENT,
effective as of the 4 th day of December, 2006, between VoIP,
INC. , a Texas Corporation (the “Company”),
with its principal address at 151 South Wymore Rd., Suite 3000
Altamonte Springs Florida, and Tisno Onggara an
individual with offices at c/o Clearview Ventures, Inc. 9595
Wilshire Blvd., Suite 900, Beverly Hills, CA 90210,
("Consultant").
WITNESSETH
WHEREAS , the Company and Consultant desire to enter
into a consulting agreement for certain consulting
services.
NOW
THEREFORE, IN CONSIDERATION OF THE PREMISES AND THE MUTUAL PROMISES
SET FORTH HEREIN, THE PARTIES HERETO AGREE AS
FOLLOWS:
1. Consultant shall serve as a consultant to the
Company on general corporate matters and provide the business
development services listed in the attached Exhibit A for a term of
twelve months from the effective date of this Agreement.
2. The Company shall be entitled to
Consultant’s services for reasonable times when and to the
extent requested by, and subject to the direction of Anthony
Cataldo.
3. Consultant shall provide Company periodic
written reports as required concerning the status of various
projects assigned to Consultant.
4. All expenses and disbursements in excess of
$1000 in the aggregate in any given calendar month will require
written approval by an authorized employee of the Company. All
reasonable travel and other expenses approved by the Company and
incurred by Consultant to render such services shall be reimbursed
by the Company promptly upon receipt of proper statements,
including appropriate documentation, with regard to the nature and
amount of those expenses. Company shall pay expenses within five
(5) business days of the receipt of a request with appropriate
documentation.
5. In consideration for the services performed by
Consultant, the Consultant will receive the sum of $210,000 (the
“Cash Fee”). In lieu of the giving the consultant the
Cash Fee, the Company may elect to issue shares of the Company to
the Consultant at an equivalent price of $0.35 per share (a total
of 600,000 shares) (the “Common Stock”). The Company
shall register the Common Stock for resale with the U.S. Securities
Exchange Commission under form S-8 within ten (10) days of the
Company’s annual shareholder’s meeting but in no event
later than February 28, 2007.
6. Except in cases of this Agreement being
terminated for Consultant being convicted of a felony or
Consultant’s incapacity (as more fully set forth herein) or
death of Consultant, Consultant will be entitled to receive all
payments due under this agreement.
7. In the event Consultant should die during the
term of this Agreement or becomes disabled so that he can not
perform under this Agreement for a period exceeding three
consecutive months, Consultant or his estate, as the case may be,
will be entitled to the entire fee under this Agreement.
8. It is the express intention of the parties that
the Consultant is an independent contractor and not an employee or
agent of the Company. Nothing in this agreement shall be
interpreted or construed as creating or establishing the
relationship of employer and employee between the Consultant and
the Company. Both parties acknowledge that the Consultant is not an
employee for state or federal tax purposes. The Consultant shall
retain the right to perform services for others during the term of
this agreement provided those services do not conflict with those
provided by Company or the tasks assigned to Consultant by the
Company.
9. For purposes of this Agreement, Intellectual
Property will mean (i) works, ideas, discoveries, or inventions
eligible for copyright, trademark, patent or trade secret
protection; and (ii) any applications for trademarks or patents,
issued trademarks or patents, or copyright registrations regarding
such items. Any items of Intellectual Property discovered or
developed by the Consultant (or the Consultant’s employees)
during the term of this Agreement will be the property of the
Co