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**Exhibit 10.14**

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**ADVISORY AGREEMENT**

 

**THIS ADVISORY AGREEMENT** (the “**Agreement**”)is made this 1st day of August, 2012 (the “**Effective Date**”) by and between **SIMPLEPONS, INC.,** a Delawarecorporation (the “**Company**”), with its principal place of business located at 220 Congress Park Drive, Suite304, Delray Beach 33445 and **Dr. David Greenfield**, an individual (the “**Advisor**”), with his principal officeslocated at _______________________________________________.

 

**R E C I T A L S**

 

**WHEREAS**, the Company desires to retainthe Advisor to provide certain advisory services as hereinafter set forth.

 

**WHEREAS**, the Advisor desires to providecertain advisory services to the Company in accordance with the terms and conditions contained hereinafter.

 

**NOW, THEREFORE**, in consideration of themutual promises set forth herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,the parties hereto agree as follows:

 

1.           **Advisory Services.**During theTerm of this Agreement, the Advisor is hereby retained by the Company to provide advisory and consulting services (the “**Services**“)to the Company including, but not limited to (i) brand advisory services to evaluate existing practices or establish new processes,(ii) corporate and product brand identity strategy development, (iii) corporate positioning, (iv) brand architecture analysis andsystem development, (v) advertising strategy development, (vi) creative and strategic resource identification and management, and(vii) new business support, as well as such additional related services as the Company may request from time to time. In addition,at such time as the Company shall form an advisory board to its Board of Directors, the Advisor shall accept an appointment tosuch advisory board. The Advisor shall provide such Services as reasonably requested by the Company during the Term of this Agreement.Unless otherwise agreed to by the Advisor, all Services hereunder shall be performed by the Advisor, in his sole discretion, athis principal place of business.

 

2.           **Term; Termination**. The Termof this Agreement shall commence on the Effective Date as set forth above and end on the three (3) year anniversary of the EffectiveDate (the “**Expiration Date**”). Either party may terminate this Agreement in the event that the other party failsto perform any of its material obligations under this Agreement, or otherwise defaults in any of its material obligations underthis Agreement, and such failure or default continues uncured for a period of thirty (30) days following written notice from thenon-defaulting party.

 

 

3.           **Compensation; Investment Intent**.

 

(a)         As full and complete compensation for theServices, the Company shall issue the Advisor four hundred fifty thousand (450,000) shares of the Company’s common stock(the “**Compensation Shares**”), which such Compensation Shares shall be fully paid and non-assessable upon issuancethereof. Notwithstanding any early termination of this Agreement pursuant to Section 2 hereof, the Compensation Shares shall bedeemed earned upon the execution of this Agreement by all parties.

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(b)         TheCompensation Shares are “restricted securities” as that term is defined in the Securities Act of 1933, as amended (the“**Securities Act**”). The Advisor has such knowledge and experience in financial, investment and businessmatters that he is capable of evaluating the merits and risks of the investment in the Compensation Shares and representsthat he (i) has adequate means of providing for his current financial needs and possible personal contingencies, and has no needfor liquidity of investment in the Company; (ii) can afford (a) to hold unregistered securities for an indefinite period of timeand (b) sustain a complete loss of the entire amount of such securities; and (iii) has not made an overall commitment to investmentswhich are not readily marketable which is disproportionate so as to cause such overall commitment to become excessive. The CompensationShares are being acquired by the Advisor solely for his account for personal investment and not with a view to, or for resale inconnection with, any distribution. The Advisor does not intend to dispose of all or any part of the Compensation Shares exceptin compliance with the provisions of the Securities Act and applicable state securities laws and understands that the CompensationShares are being issued pursuant to a specific exemption under the provisions of the Securities Act, which exemption depends, amongother things, upon the compliance with the provisions of the Securities Act.

 

(c)         TheCompany may insert the following or similar legend on the face of the certificate representing the Compensation Shares, if requiredin compliance with the Securities Act or state securities laws:

 

 

4.          **Expenses.** The Advisor shallbe responsible for all expenses incurred by him in the performance of the Services hereunder and he is not entitled to a reimbursementby the Company for any such expenses incurred by him in the performance of his duties hereunder; *provided, however*, shouldthe Advisor be requested to travel on the Company's behalf, the Company shall pay all reasonable travel expenses of Advisor uponprior agreement of the parties.

 

 

5.          **Return of Documents**. On terminationof this Agreement or at any time upon the request of Company, Advisor shall return to Company all documents, including all copiesthereof, and all other property relating to the business of Company and/or its affiliates, including without limitation, the ConfidentialInformation (as hereinafter defined), in his possession or control.

 

6.          **Amendment or Assignment.** Nomodification, waiver, amendment, discharge or change of this Agreement shall be valid unless the same is evidenced by a writteninstrument, executed by the party against which such modification, waiver, amendment, discharge or change is sought. This Agreementis not assignable by the Advisor without the prior written consent of the Company, which such consent may not be forthcoming.

 

7.          **Confidentiality.**

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 (a)          In connection with the performance of theServices contemplated by this Agreement, the Advisor may gain access to Confidential Information (as hereinafter defined) of theCompany. Confidential Information includes information communicated orally, in writing, by electronic or magnetic media, by visualobservation, or by other means, and may be marked confidential or proprietary, or bear a marking of like import, or which the Companystates to be confidential or proprietary, or which would logically be considered confidential or proprietary under circumstancesof its disclosure known to Advisor. No rights or licenses to trademarks, inventions, copyrights, patents or any other intellectualproperty rights are implied or granted under this Agreement or by the conveying of Confidential Information to Advisor.

 

(b)         The Advisor acknowledges and understandsthat (i) Confidential Information provides the Company with a competitive advantage (or that could be used to the disadvantageof the Company by a competitor), (ii) the Company has a continuing interest in maintaining the confidentiality of ConfidentialInformation and (iii) the Company has a compelling business interest in preventing unfair competition stemming from the use ordisclosure of Confidential Information.

 

(c)         For purposes hereof, “**Confidential Information**” includes,but is not limited to, information pertaining to business plans, joint venture agreements, licensing agreements, financialinformation, contracts, customers, products, trade secrets, specifications, designs, plans, drawings, software, data,prototypes, processes, methods, research, development or other information relating to the business activities andoperations of the Company.

 

(d)        The Advisor agrees to keep Confidential Information confidential and, except asauthorized by the Company, in writing, Advisor shall not, directly or indirectly, use Confidential Information for any reasonexcept to perform the Services under this Agreement. The Advisor acknowledges that such Confidential Information could bedeemed to be material non-public information that is not generally available to the public. The Advisor further acknowledgeshis understanding that federal securities laws strictly prohibit any person who obtains inside information, and has a dutynot to disclose it such as the Advisor, from using the information in connection with the purchase or sale of securities.

 

 

(e)          The restrictions in subsection (d) of thisSection shall not apply to any Confidential Information if Advisor can demonstrate that the Confidential Information: (i) is orbecomes available to the public through no breach of this Agreement; (ii) was previously known by Advisor without any obligationto hold it in confidence; (iii) is received from a third party free to disclose such information without restriction; (iv) is independentlydeveloped by Advisor without the use of the Confidential Information; (v) is approved for release by written authorization of theCompany; (vi) is required by law or regulation to be disclosed, but only to the extent and for the purposes of such required disclosure;or (vii) is disclosed in response to a valid order of a court or lawful request of a governmental agency, but only to the extentof and for the purposes of such order or request, provided that Advisor notifies the Company of the order or request ten (10) daysprior to disclosure and permits the Company to seek an appropriate protective order.

 

8.          **Waiver**. Unless agreed in writing,the failure of either party, at any time, to require performance by the other of any provisions hereunder shall not affect itsright thereafter to enforce the same, nor shall a waiver by either party of any breach of any provision hereof be taken or heldto be a waiver of any other preceding or succeeding breach of any term or provision of this Agreement. No extension of time forthe performance of any obligation or act shall be deemed to be an extension of time for the performance of any other obligationor act hereunder.

 

9.          **Notices.** All notices, demandsor other communications given hereunder shall be in writing and shall be deemed to have been duly given on the day when deliveredin person or transmitted by confirmed facsimile transmission or on the third (3rd) calendar day after being mailed by United Statesregistered or certified mail, return receipt requested, postage prepaid, to the addresses hereinabove first mentioned or to suchother address as any party hereto shall designate to the other for such purpose in the manner herein set forth.

 

10.         **Entire Agreement.** This Agreement contains all of the understandingsand agreements of the parties with respect to the subject matter discussed herein. All prior agreements, whether written ororal, are merged herein and shall be of no force or effect.

 

11.       **Survival**. Any termination of this Agreement shall not, however,affect the ongoing provisions of this Agreement which shall survive such termination in accordance with their terms.

 

12.         **Severability.** The invalidity,illegality or unenforceability of any provision or provisions of this Agreement will not affect any other provision of this Agreement,which will remain in full force and effect, nor will the invalidity, illegality or unenforceability of a portion of any provisionof this Agreement affect the balance of such provision. In the event that any one or more of the provisions contained in this Agreementor any portion thereof shall for any reason be held to be invalid, illegal or unenforceable in any respect, this Agreement shallbe reformed, construed and enforced as if such invalid, illegal or unenforceable provision had never been contained herein.

 

 

13.       **Governing Law**. This Agreementshall become valid when executed and accepted by Company. This Agreement shall be construed in accordance with the laws of theState of Florida, without an application of the principles of conflicts of laws. Anything in this Agreement to the contrary notwithstanding,the Advisor shall conduct the Advisor's business in a lawful manner and faithfully comply with applicable laws or regulations ofthe state, city or other political subdivision in which the Advisor is located.****

 

14.        **Enforcement.** Any suit, actionor proceeding with respect to this Agreement shall be brought in the state or federal courts located in Palm Beach County in theState of Florida. The parties hereto hereby accept the exclusive jurisdiction and venue of those courts for the purpose of anysuch suit, action or proceeding. The parties hereto hereby irrevocably waive, to the fullest extent permitted by law, any objectionthat any of them may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relatingto this Agreement or any judgment entered by any court in respect thereof brought in Palm County, Florida, and hereby further irrevocablywaive any claim that any suit, action or proceeding brought in Palm Beach County, Florida has been brought in an inconvenient form.

 

15.        **Binding Nature, No Third Party Beneficiary**.The terms and provisions of this Agreement shall be binding upon and inure to the benefit of the parties, and their respectivesuccessors and assigns. This Agreement is not assignable by the Advisor without the prior written consent of the Company.

 

16.        **Counterparts.** This Agreementmay be executed in any number of counterparts, including facsimile signatures which shall be deemed as original signatures. Allexecuted counterparts shall constitute one agreement, notwithstanding that all signatories are not signatories to the originalor the same counterpart.

 

**IN WITNESS WHEREOF**, the parties heretohave executed this Agreement as of the date first above written.

 

 

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