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VOTING AGREEMENT

Voting Agreement

VOTING AGREEMENT | Document Parties: EduTrades, Inc | Whitney Information Network, Inc You are currently viewing:
This Voting Agreement involves

EduTrades, Inc | Whitney Information Network, Inc

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Title: VOTING AGREEMENT
Date: 11/10/2005

VOTING AGREEMENT, Parties: edutrades  inc , whitney information network  inc
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Exhibit 10.7


VOTING AGREEMENT

        This Voting Agreement (this " Agreement ") is made effective as of the 25 th day of July, 2005 (the " Effective Date "), by and between Whitney Information Network, Inc., a Colorado corporation (" Whitney "), and EduTrades, Inc., a Nevada corporation (" EduTrades ").

        WHEREAS, on the Effective Date, EduTrades was formed as a wholly-owned subsidiary of Whitney;

        WHEREAS, EduTrades intends to conduct an initial public offering (" IPO ") whereby a portion of EduTrades' common stock will be offered and sold to the public;

        WHEREAS, following the IPO, EduTrades will be a majority-owned subsidiary of Whitney; and

        WHEREAS, the parties wish to enter into this Agreement to set forth their agreements and understandings with respect to how securities of EduTrades now or hereafter owned by Whitney will be voted following the consummation of the IPO.

        NOW, THEREFORE, for and in consideration of the mutual promises and covenants set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

        1.     Voting Agreement.     Commencing on the date of the consummation of the IPO and for a period of five years thereafter (the " Term "), Whitney agrees that the voting securities it now owns or hereafter acquires in EduTrades will be voted by a majority vote of the independent directors serving on the Board of Directors of Whitney (the " Whitney Board ") with respect to any vote submitted to the shareholders of EduTrades at any annual or special meeting of the shareholders of EduTrades. In the event there are no independent directors serving on the Whitney Board at the time of any such meeting during the Term, Whitney agrees that the voting securities it now owns or hereafter acquires in EduTrades will be voted by the remaining directors serving on the Whitney Board at any such meeting in the same manner as the majority of the voting securities not owned by Whitney are voted at such meeting.

        2.     Covenants of Whitney.     Whitney agrees to use its commercial best efforts to ensure that the agreements made by it hereunder are effective and that EduTrades the parties hereto received the benefits thereof. Such actions inc


 
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