Exhibit 10.16



 





 


This
CONSULTING AGREEMENT (“Agreement”) is made as of the 20th day of November 2012 between Global
Equity Partners Plc. a Seychelles corporation having its principal place of business at Level 28, Al Habtoor Business
Tower, Dubai Marina, Dubai, U.A.E. (hereinafter referred to as “GEP”), and Innoveas AG. (herein
after referred to as “INN”) located at Karlstr. 45b, D-76133 Karlsruhe, Germany.


 


WITNESSETH


 


WHEREAS,
GEP is engaged in the business of providing financial, management consulting and advisory type services to small and medium sized,
private and publicly traded, national and internationally based companies; and


 


WHEREAS,
INN is desirous of entering into an agreement retaining GEP;


 


WHEREAS,
GEP desires to accept such retention upon the terms and conditions herein after set forth:


 


NOW,
THEREFORE, in consideration of the premises and the mutual covenants herein contained, it is agreed as follows:


 


	1)       	INN
    hereby retains GEP, on anon-exclusive basis, to use its best efforts to render those consulting and advisory services
    in those are as in which its professional shave special expertise per training to the business of GEP for a minimum period
    of three months commencing as the date that our consultancy fees are received. It is agreed that INN may, in its
    sole discretion, retain GEPata later date for an additional extended period of time. 


 


These
areas include but are not limited to:


 


	 	a)	General
    Due Diligence


 


Directly,
and/or through affiliates review financial statements, the company ́s business plan and any other general business documents
that can be made available to GEP; also conduct valuation analysis of INN, its market and competitors, the market overall,
and research thoroughly the space (both private and publicly traded, similar international financial service companies).


 


	 	b)	Design
    Capitalization Strategy


 


Advise
and provide layout of capital strategy, structure and potential fundraising strategies that include, amongst others, secure a
convertible note, bridge loan strategic partner, merger candidate or other form of investments. 


 


	 	c)	Local
    Dubai Sponsor


 


Source
the appropriate local DIFC approved Dubai Sponsor that would be willing to sponsor INN as a candidate for a public listing
on the Dubai Nasdaq and perform the relevant tasks associated with a sponsor role that can in turn sponsor a regulated prospectus
to the Dubai Financial Services Authority (DFSA)


 




    	Global Equity Partners Plc.
Level 28 – Al Habtoor Business Tower, PO Box 28905, Dubai Marina, Dubai, UAE.
1




    	 



    

  





 


	2)       	INN
    shall pay GEP the onetime, non-refundable sum of $10,000 (Ten Thousand USD) as a general advisory, consulting
    and due diligence fee for the term of the engagement. Said initial payment which is the standard initial due diligence fee
    requested for projects of this kind, shall be due immediately upon the signing of this engagement (see wire instructions
    below). Should  INN engage GEP to consult to INN upon a sponsor being identified and approved
    the sum of $10,000 will be taken as an initial payment from the total fees due under and subsequent contract.


 


	3)       	GEP,
    during the term of this agreement, shall be permitted to engage in similar consulting activities with other companies.


 


	4)       	GEP
    acknowledges that in connection this Agreement and the provision of the consulting services, it shall receive confidential
    and proprietary information from GEP. Accordingly, each party agrees to conduct themselves in an appropriate manner.


 


Neither
a Party nor its affiliates, nor their employees or officers shall, without the prior written consent of the other Party, (i) divulge
to any third party any information, data, documents and any other materials of any kind that is not available relating to the
other Party or its affiliates, related to the existence and contents of this Agreement (“Confidential Information”).


 


The
obligation of non-disclosure or non-use under this clause 1 shall not be applicable to the information, which a Party can prove:


 


	 	(i)	is
    or becomes public domain without any breach of this Agreement on the part of the receiving Party;
	 	(ii)	was
    already in the possession of the receiving Party at the date of the signature of this Agreement;
	 	(iii)	has
    been received rightfully from any third party;
	 	(iv)	that
    the publication of such Confidential Information has been rightfully requested by a public authority.


 


	5)       	Independent
    Contractors. Nothing herein contained shall be construed to constitute the parties hereto as partners or as joint ventures,
    or either as agent of the other, or as employer or employee. GEP and INN understand and acknowledge that this
    Agreement shall not create nor imply any agency relationship between them.
	 	 
	6)       	The
    parties to this Agreement agree that the existence and terms of this Agreement are strictly confidential and further agree
    that they and their respective representatives shall not disclose to the public or to any third party the existence or terms
    of this Agreement other than with the express prior written consent of the other party.
	 	 
	7)       	This
    agreement contains the full agreement of the parties hereto concerning the subject matter here of and shall not be modified,
    altered, changed or terminated except pursuant to a writing signed by all of the parties.
	 	 
	8)       	Neither
    this Agreement nor any right, remedy, obligation or liability arising hereunder or by reason here of shall be assignable by
    GEP without the prior written consent of INN.
	 	 
	9)       	The
    validity of this agreement shall be determined in accordance with the Laws of England.


 




    	Global Equity Partners Plc.
Level 28 – Al Habtoor Business Tower, PO Box 28905, Dubai Marina, Dubai, UAE.
2




    	 



    

  





 


	10)       	Any
    and all notices requests, demands or other communications hereunder shall be in writing, and deemed given and received, if
    delivered personally or sent by certified or registered mail, postage prepaid, return receipt requested, to each of the parties
    hereto at the addresses herein above first written or such other address as may from to time be designated by any of them
    in writing.


 


WHEREOF,
 Innoveas AG and Global Equity Partners Plc. have executed and delivered this agreement as of the date
first mentioned above.


 


	By:
    	/s/
    Mr. Peter Smith 	 


Mr. Peter
Smith


CEO - Global
Equity Partners Plc.


 


Dated: November
20, 2012 


 


THE
UNDERSIGNED HAVE READ AND HERE BY CONSENT AND AGREE TO THE TERMS OF THE FOREGOING AGREEMENT


 


	By:
    	/s/
    Mr. Guido Hillebrands	 		
	Mr.
    Guido Hillebrands	 	
	CEO
    – Innoveas AG	 	
	 	 	 
	Date:	 	 		 


 




    	Global Equity Partners Plc.
Level 28 – Al Habtoor Business Tower, PO Box 28905, Dubai Marina, Dubai, UAE.
3