Second Amendment to Marketing Agreement between i2Telecom International, Inc. and Virenta, LLC

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Summary

This document is a second amendment to the Marketing Agreement originally dated April 22, 2008, between i2Telecom International, Inc. and Virenta, LLC. The amendment deletes Sections 1, 3, and 4 of the original agreement and replaces Section 5 with new terms for cash compensation. Starting June 1, 2009, i2Telecom will pay Virenta $7,500 per month, with payments due by the 10th of the following month. All other terms of the original agreement remain unchanged.

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EX-10.5 13 v160116_ex10-5.htm Unassociated Document
SECOND AMENDEMNT TO MARKETING AGREEMENT
 
The MARKETING AGREEMENT dated April 22, 2008, by and between i2Telecom International, Inc., a Washington corporation, with its principal office at 5070 Old Ellis Point, Suite 110, Roswell, GA 30076 (“Company”) and Virenta, LLC, a Texas limited liability company, with an address at 1401 Exeter Court, Southlake, Texas 76092 (“Virenta”) is hereby further amended as follows with the remaining provisions of the Marketing Agreement remaining in full force and effect.
 
AMENDMENTS:
 
NOW, THEREFORE, in consideration of the foregoing recitals and the covenants and conditions herein set forth, the parties hereto amend the Marketing Agreement as follows:
 
1.
Sections 1, 3 and 4 are deleted in their entirety.
 
2.
Section 5 is deleted in its entirety and replaced with the following language:
 
5.           Cash Compensation.
 
 
5.1
Effective June 1, 2009 the Company will pay Virenta $7,500.00 monthly (the “Monthly Payment”). The Monthly Payment will be paid on or before the 10th day of the month following the month in which the Monthly Payment was earned.
 
IN WITNESS WHEREOF, the parties have executed this Agreement as of September 8, 2009.
 
i2 Telecom International, Inc.
  
Virenta, LLC
  
       
By:        /s/ Paul Arena                    By:       /s/ Chris R. Miltenberger                   
       
Name:  Paul Arena   Name:  Chris R. Miltenberger  
       
Title:   Chairman of the Board of Directors   Title:    Managing Director  
       
Date:   September 8, 2009
  
Date:    September 8, 2009
  
 
 
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