TERM LOAN AGREEMENT
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”)
a n d
_______________________ located at _______________________________ , (the “Lender”) with reference to the
following facts:
RECITALS
WHEREAS, the Lender made a loan to the Company in the principal amount of _________________________
Dollars ($__,000), (the “Loan”), which Loan is evidenced by, among other things, the following documents:
A. Promissory Note Agreement, dated ___________________, 2007, executed by the Lender and the Company (the
“PNA”);
(All of the foregoing documents, together with all documents and instruments executed in connection therewith, are
hereafter referred to as the “Loan Documents.”)
WHEREAS , upon the funding of the Loan, the Lender have advanced the Company and Company has received
$___,000 in principal (the “Advance”);
WHEREAS , the Company wishes to secure and repay the Loan including the fees and interest, by repaying the
Advance together with all interest and fees incurred on the Loan;
NOW THEREFORE , in consideration of the mutual covenants and promises contained herein, and for valuable
consideration, the receipt and sufficiency of which are hereby mutually acknowledged, the parties to this Agreement
(collectively “parties” and individually a “party”) agree as follows:
AGREEMENT
1. Consideration . In consideration of the Advance, the Company agrees to pay the Lender, principal and interest
when due and pay the Lender (i) 500,000 warrants to purchase shares of the Company’s restricted common stock at a price of
$.10 each for a period of 3 years. The warrants Consideration will have “Piggyback” Registration Rights which will require the
Company to register the Stock Consideration shares in a registration statement anticipated to be filed within approximately one-
hundred eighty (180) day