0001193125-09-021401 Sample Contracts

VOTING TRUST AGREEMENT
Voting Trust Agreement • February 6th, 2009 • Elandia International Inc. • Telephone communications (no radiotelephone) • Delaware

VOTING TRUST AGREEMENT (this “Agreement”) made as of the 6th day of February, 2009, by and between Pete R. Pizarro (hereinafter sometimes referred to, together with his successor in trust, as the “Trustee”), Stanford International Bank Ltd. (hereinafter sometimes referred to as the “Shareholder”), and, for purposes of certain provisions of this Agreement only, eLandia International Inc., a Delaware corporation (the “Company”).

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AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • February 6th, 2009 • Elandia International Inc. • Telephone communications (no radiotelephone)

THIS AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT dated as of February 6, 2009 (the “Amendment”), is entered into by and between ELANDIA INTERNATIONAL INC., a Delaware corporation (the “Company”) and PETE R. PIZARRO, an individual (the “Executive”). Capitalized terms used in this Amendment and not otherwise defined in this Amendment have the meanings assigned to them in the Original Employment Agreement (defined below).

FOURTH AMENDMENT TO CREDIT AGREEMENT
Credit Agreement • February 6th, 2009 • Elandia International Inc. • Telephone communications (no radiotelephone) • Florida

THIS FOURTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) dated as of February 6, 2009 (the “Effective Date”), is entered into by and between ELANDIA INTERNATIONAL INC., a Delaware corporation (the “Borrower”), and STANFORD INTERNATIONAL BANK LTD., an Antiguan banking corporation (the “Lender”). Capitalized terms used in this Amendment and not otherwise defined in this Amendment have the meanings assigned to them in the Credit Agreement (defined below).

ADDITIONAL MODIFICATION AGREEMENT
Additional Modification Agreement • February 6th, 2009 • Elandia International Inc. • Telephone communications (no radiotelephone) • Florida

THIS ADDITIONAL MODIFICATION AGREEMENT (this “Agreement”) is dated as of February 6, 2009, by and between ELANDIA INTERNATIONAL INC., a Delaware corporation (the “Company”) and STANFORD INTERNATIONAL BANK LTD., an Antiguan banking corporation (“Stanford”).

TERMINATION AGREEMENT
Termination Agreement • February 6th, 2009 • Elandia International Inc. • Telephone communications (no radiotelephone) • Florida

THIS TERMINATION AGREEMENT is made and entered into as of the 6th day of February, 2009 (this “Agreement”), by and between eLandia International Inc., a Delaware corporation (the “Company”) and Stanford International Bank, Ltd., an Antiguan banking corporation (“SIBL”).

MODIFICATION AGREEMENT
Modification Agreement • February 6th, 2009 • Elandia International Inc. • Telephone communications (no radiotelephone) • Florida

THIS MODIFICATION AGREEMENT (this “Agreement”) is dated as of February 6, 2009, by and between ELANDIA INTERNATIONAL INC., a Delaware corporation (the “Company”) and STANFORD INTERNATIONAL BANK LTD., an Antiguan banking corporation (“Stanford”).

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