AMENDMENT
TO 


EMPLOYMENT
AGREEMENT


 


THIS
AMENDMENT is made as of August 22, 2014 by and between WOWIO, Inc., a Texas corporation with its principal place of business at
626 N. Doheny Drive, West Hollywood, CA 90069 (the “Company”), and Brian Altounian (the “Executive”).


 


WHEREAS
the Company entered into an Employment Agreement with Executive on March 15, 2012, and extended automatically for an additional
two-year term on March 15, 2014, (“Prior Employment Agreement”), attached hereto as Exhibit A;


 


WHEREAS
the parties wish to amend the Prior Employment Agreement as provided herein.


 


NOW,
THEREFORE, effective September 1, 2014, all terms and conditions of Prior Employment Agreement shall remain in full force and
effect except where amended and noted herein.


 


Section
1.Employment. No Change.


 


Section
2. Position and Duties. No Change.


 


Section
3.Base Salary and Benefits.


 


(a)
During the Employment Period, the Executive’s base salary shall be Three Hundred Thousand Dollars ($300,000.00) per annum
(the “Base Salary”), such Base Salary shall be payable in regular installments in accordance with the Company’s
general payroll practices and subject to withholding and other payroll taxes. The Base Salary shall be reviewed by the Board on
an annual basis, in order to implement any cost of living adjustments that it deems appropriate. In addition, during the Employment
Period, the Executive shall be entitled to participate in all employee benefit programs from time to time for which senior executive
employees of the Company and its Affiliates are generally eligible. The Executive shall be eligible to participate in all insurance
plans available generally from time to time to executives of the Company, their families and its Affiliates.


  


(b)
Bonuses. No Change.


 


(c)
No Change.


 




    	 



    	 



    


 


(d)
No Change.


 


(e)
No Change.


 


Section
4. Term. No Change.


 


Section
5. Nondisclosure and Nonuse of Confidential Information. No Change.


 


Section
6. Inventions and Patents. No Change.


 


Section
7. Non-Solicitation. No Change.


 


Section
8. Insurance. No Change.


 


Section
9. Severance Payments. No Change.


 


Section
10. Representations and Warranties of the Executive. No Change.


 


Section
11. [MODIFIED WHERE INDICATED] Notices.


 


If
to the Company, to:


 


WOWIO,
Inc.


626
N. Doheny Drive


West
Hollywood, CA 90069


Phone:
(310) 807-8181


Attention:
Jacob Morris, Secretary


Email:
jmorris@wowio.com


 


With
a copy to:


 


Legal
Representative:


Sichenzia
Ross Friedman Ference LLP


61
Broadway, 32nd Floor


New
York, NY 10006


Phone:
(212) 930-9700


Attention:
Marcelle S. Balcombe, Esq


Email:
mbalcombe@srff.com


 


Section
12. General Provisions. No Change.


 


[SIGNATURE
PAGE TO FOLLOW]


 




    	 



    	 



    


 


IN
WITNESS WHEREOF, the parties hereto have executed this AMENDMENT as of the date first set forth above.


 


Company:
WOWIO, Inc. 


 


	By:
    	/s/
    Jacob     Morris	 
	Name: 	Jacob Morris	 
	Title: 	Secretary	 


 


Executive:
Brian Altounian


 


	By:	/s/ Brian Altounian	 
	Name:	Brian Altounian	 
	Title:	Chief Executive
    Officer	 



 


	Address:		 
	 	 	 
	 	baltounian@wowio.com