Document:

Exhibit 10.8

 

EMPLOYMENT AGREEMENT

 

This Employment Agreement
(the “Agreement”) effective February 1, 2018, is by and among World Technology Corp., a Nevada corporation (the “Company”),
and Fabio Galdi, whose primary residence is located at ________________________________________________________ (the “Executive”).

 

NOW THEREFORE, in consideration
of the mutual covenants and promises contained herein and for other good and valuable consideration, the receipt and adequacy of
which is hereby acknowledged, the parties hereto agree as follows:

 

		1.	Nature of Employment.

 

		a.	Duties and Responsibilities. Executive shall serve as the Chief Technology Officer (CTO)
of the Company during the term of this Agreement. Executive shall have such general executive powers and active management over
the property, business, and affairs of the Company as is consistent with the offices of the CTO of a public company, all subject
to the direction of the Chief Executive Officer.

 

		b.	Other Business Activities. Executive will devote his time, attention and best efforts to
the Company’s business. Notwithstanding the foregoing, Executive shall be entitled to engage in other consulting activities
for the Executive’s own account, as Executive may elect from time to time while employed hereunder, including without limitation
to charitable, community and other consulting or business activities, provided that such other activities do not materially interfere
with the performance of the Executive’s duties, and provided that such activities do not violate Section 4 of this Agreement.

 

		2.	Compensation. 

 

		a.	Base Salary. Executive’s base salary shall be at an annual rate of One Hundred Fifty
Thousand Dollars ($150,000), subject to normal withholding. Such salary shall be paid in substantially equal installments on the
first day of each month. The Executive’s base salary and incentive bonus shall be reviewed annually starting January 1, 2019.

 

		b.	Incentive Bonus: Executive shall be paid a Seventy Five Thousand Dollar ($75,000) cash bonus
if Executive meets certain performance-based criterion which is described in Exhibit A, attached hereto and incorporated herein.

 

		c.	Incentive Equity Bonus. As an additional incentive bonus, the Executive shall be granted
a total of seventy five thousand (75,000) options to purchase the Company’s common stock under the Company’s 2018 Stock
Incentive Plan (the “Stock Options”) if Executive meets certain performance-based criterion which is described in Exhibit
A, attached hereto and incorporated herein.

 

		d.	Vacation. Executive shall be entitled to receive twenty business days (4 weeks) of paid
vacation annually. Executive may schedule his vacations at his discretion so long as the timing of such vacations does not interfere
with his responsibilities to the Company. Executive shall also be entitled to five paid sick days annually, and paid holidays as
per the Company plan. One week of unused vacation time may be carried over to the next year.

 

		e.	Benefits. The Company does not currently offer any medical, dental or other employee benefit
programs to any of its employees. Executive shall be entitled to enroll in any employee benefit plans that the Company creates.
Executive will be eligible to participate in all future employee benefit programs.

 

    	1

     

    

 

		f.	Expenses. The Company shall reimburse Executive for all reasonable business-related expenses
incurred by Executive in connection with his employment with the Company, including entertainment, travel, meals, and lodging in
accordance with the policies, practices, and procedures in effect generally with respect to other peer executives of the Company.

 

		3.	Term and Termination and Termination Payments.

 

		a.	Term.  The Agreement shall commence on the Effective Date (the “Commencement Date”),
and continue for one year (Initial Term). After the Initial Term, the Agreement automatically renews month to month thereafter.

 

		b.	Termination.

 

		i.	By Death. Executive's employment with the Company shall terminate automatically upon Executive's
death.

 

		ii.	By Disability. The Company may terminate Executive's employment with the Company during any period
in which Executive is considered by the Company to be disabled. Executive shall be considered "disabled" if, in the sole
opinion of the Company, as determined in good faith, Executive is prevented, after reasonable accommodation by the Company, from
properly performing his duties due to a mental or physical illness for a period of 180 days in the aggregate in any 12-month period.

 

		iii.	For Cause. Notwithstanding any other provision contained in this Agreement, the Company may terminate
this Agreement immediately, at any time, for Cause. For purposes of this Agreement, "Cause" shall mean any of the following:
(i) the conviction of a felony, or a crime involving dishonesty or moral turpitude; (ii) fraud, misappropriation or embezzlement;
or (iii) willful failure or gross negligence in the performance of assigned duties, which failure or negligence continues for more
than thirty (30) days following written notice of such failure or negligence.

 

		c.	Obligations of Executive on Termination.

 

		i.	Executive acknowledges and agrees that all property, including keys, credit cards, books, manuals,
records, reports, notes, contracts, customer lists, Confidential Information as defined in this Agreement, copies of any of the
foregoing, and any equipment furnished to Executive by the Company, belong to the Company and shall be promptly returned to the
Company upon termination of employment.

 

		ii.	Upon termination of employment, Executive shall be deemed to have resigned from all offices and
directorships then held with the Company.

 

		iii.	Executive acknowledges and agrees that Executive will comply with all of the surviving terms of
this Agreement, specifically including, but not limited to, Sections 4 through 7 of this Agreement.

 

		d.	Obligations of the Company on Termination.

 

		i.	For Any Reason. Upon termination of this Agreement for any reason, the Company's obligations to
Executive under this Agreement shall include (a) the prorated payment of Executive's salary through the date of termination to
the extent not paid by then; (b) the payment of earned and accrued bonus or incentive payments due Executive, if any, at the time
of termination under any bonus or incentive plans in which Executive participated prior to termination; (c) the payment of any
unused accrued vacation through the date of termination; and (d) the payment of any reimbursable business expenses that were documented
by Executive prior to termination in accordance with the Company's policies as set forth in paragraph 2.e. of this Agreement and
that were not reimbursed by the Company at the time of the termination of this Agreement.

 

    	2

     

    

 

		ii.	Death or Disability. If Executive's employment is terminated by reason of Executive's death or
disability, this Agreement shall terminate and the Company will have no further obligation to Executive, except as otherwise provided
by law or by paragraph 3(d)(i) of this Agreement.

 

		iii.	Without Cause. If Executive's employment is terminated by the Company without Cause, this Agreement
shall terminate and the Company shall pay to the Executive severance pay equal to two months base salary in addition to its obligations
as stated in paragraphs 2(d), 2(e) and 3(d)(i) of this Agreement.

 

		iv.	For Cause. If Executive's employment is terminated for Cause, this Agreement shall terminate and
the Company will have no further obligation to Executive, except as otherwise provided by law or by paragraphs 3(d)(i), 2(d) and
2(e) of this Agreement.

 

		e.	Termination by either Party. Either Party may terminate this Agreement for any reason upon
thirty (30) days prior written notice.

 

		f.	Termination Payments.  In the event of any termination of this Agreement pursuant to Section
3.b.iii hereof, then the Company shall have no further payment obligations to Executive hereunder, except for wages, vacation and
benefits accrued to date and/or provided by applicable law.

 

		4.	Agreement Not to Compete.

 

		a.	Executive agrees not to compete with the Company in the operation of the Business which is defined
as developing, marketing and/or selling/licensing products and services that meet with the regulatory requirements for the wellness,
medical device and health care industry.

 

		b.	For the purposes of this Agreement, the “Non-Competition Period” shall mean a period
of two (2) years following the termination of Executive’s employment with the Company, or any current or future Company Affiliate.

 

		5.	Non-Solicitation. During the Non-Solicitation Period (as hereinafter defined), the Executive
shall not in any manner solicit or hire any employees or consultants of the Company, or any Company Affiliate, which shall include
employees or consultants: (i) with continuing contracts with the Company or a Company Affiliate; (ii) retained, employed or engaged
by the Company or a Company Affiliate but without continuing contracts; or (iii) whose contracts expire or otherwise terminate
for any reason preceding or following the first day of the Non-Solicitation Period. During the Non-Solicitation Period, Executive
will not influence or attempt to influence any customers or suppliers of the Company, or other third parties doing business with
of the Company, to divert their business to any individual or entity then in competition with the Company. During the Non-Solicitation
Period, Executive will not disrupt, damage, impair, or interfere with the business of the Company in any way. Executive further
agrees not to make any negative or disparaging statements about the Company, its affiliates, employees or representatives to any
third party. For the purposes of this Agreement, the “Non-Solicitation Period” shall mean a period of two (2) years
following the termination of the Executive’s employment with the Company, or any current or future Company Affiliate.

 

    	3

     

    

 

		6.	Confidential Information. You acknowledge and agree that your employment with Company is
conditioned upon your execution of a separate Confidentiality Agreement in the form attached to this Agreement as Exhibit B (the
“Confidentiality Agreement”) which prohibits the unauthorized use or disclosure of Company’s confidential information.
You agree that you will comply with the provisions of that Confidentiality Agreement. You further agree that Company may change
or amend its Confidentiality Agreement from time to time in its discretion. You agree to sign any amended Confidentiality Agreement(s)
which may be issued by Company as a condition of your continued employment with Company.

 

		7.	Covenant to Report; Ownership of Trade Secrets and other Intellectual Property.

 

		a.	All written materials, records and documents made by the Executive or coming into his possession
during the course of his employment by Company concerning the business or affairs of the Company shall be the sole property of
the Company; and, upon the termination of his employment or upon the request of the Company, the Executive shall promptly deliver
the same to the Company.

 

		b.	Executive agrees that any trade secret, invention, improvement, patent, patent application, or
writing, and any program, system, or novel technique, whether or not capable of being trademarked, copyrighted or patented), obtained
by Executive in the course of employment with the Company, and relating to the business, property, methods or customers of the
Company, shall be and become the property of the Company, and Executive hereby transfers and assigns to the Company any rights
he may have or acquire in any of the foregoing. Executive agrees to give the Company prompt written notice of his acquisition of
any such trade secret, invention, improvement, patent, patent application, writing, program, system, or novel technique and to
execute such instruments or transfer, assignment, conveyance, or confirmation and such other documents and to do all appropriate
lawful acts as may be requested by the Company to transfer, assign, confirm, and perfect in the Company all legally protectable
rights in such trade secret, invention, improvement, patent, patent application, writing, program, system, or novel technique.

 

		8.	Arbitration:

 

		a.	Arbitrable Claims. The following claims are covered by this arbitration provision (“Arbitrable
Claims”): any and all claims for wages or other compensation; any and all contract or tort claims; any and all claims arising
from or related to your employment or the termination of your employment with Company; and any and all claims for discrimination
or harassment under any local, state or federal common or statutory law, based on race, color, sex, religion, national origin,
ancestry, age, marital status, medical condition, physical or mental disability, sexual orientation or any other protected characteristic.
You and Company agree to settle by final and binding arbitration all such Arbitrable Claims that Company may have against you or
that you may have against Company or against any of its related entities, or against any then current or former officer, director,
employee or agent of Company, in their capacity as such or otherwise. If this arbitration provision is held to be void or unenforceable
with respect to a particular claim or class of claims, that fact shall not affect the validity or enforceability of the arbitration
provisions with respect to any other claim or class of claims. YOU AND COMPANY ACKNOWLEDGE AND AGREE THAT BY SIGNING THIS AGREEMENT,
YOU AND COMPANY HAVE VOLUNTARILY ELECTED TO ARBITRATE ALL ARBITRABLE CLAIMS RATHER THAN LITIGATE THEM IN A JUDICIAL FORUM AND THAT
YOU AND COMPANY ARE GIVING UP THE RIGHT TO A JURY TRIAL AND TO A TRIAL IN A COURT OF LAW.

 

		b.	Procedure. Any dispute arising out of or in connection
with this Agreement, including any question regarding its existence, validity or termination, shall be referred to and finally
resolved by arbitration under the Rules of Arbitration of the International Chamber of Commerce, which Rules are deemed to be incorporated
by reference into this clause. The number of arbitrators shall be one. The seat, or legal place, of arbitration shall be New York,
United States. The language to be used in the arbitration shall be English. The governing law of the contract shall be the substantive
law of New York, United States. In reaching a decision, the arbitrator shall have no authority to
change, extend, modify or suspend any of the terms of this Agreement but shall have the authority to order injunctive and/or other
equitable relief. A judgment upon any award rendered by the arbitrator may be entered in any court having jurisdiction. Either
you or Company may bring an action in any court of competent jurisdiction, if necessary, to compel arbitration under this arbitration
provision, to obtain preliminary relief in support of claims to be prosecuted in arbitration or to enforce an arbitration award.

 

    	4

     

    

 

		9.	No Assignment. This Agreement is personal to Executive, and Executive may not assign any
rights or delegate any responsibilities hereunder without the prior written consent of the Company.

 

		10.	Waiver or Modification. No provision of this Agreement may be modified, amended, or waived
unless in writing and signed by you and Company. A waiver of any one provision shall not be deemed to be a waiver of any other
provision.

 

		11.	Survival. It is the express intention and agreement of the parties hereto that the provisions
of this Agreement that are intended to survive the ending of your employment shall survive the ending of your employment.

 

		12.	Severability. Should any provision of this Agreement be held invalid, void, or unenforceable
for any reason, such adjudication shall in no way affect any other provision of this Agreement or the validity or enforcement of
the remainder of the Agreement and the provision affected shall be curtailed only to the extent necessary to bring it within the
applicable requirements of the law.

 

		13.	Governing Law. This Agreement, the rights and obligations of the parties hereto, and any
claims or disputes relating thereto, shall be governed by and construed in accordance with the laws of the State of New York.

 

		14.	Entire Agreement. This Agreement and the Confidentiality Agreement which you will be required
to sign as a condition of your employment constitute the complete understanding between you and Company concerning the terms of
your employment. All prior representations, agreements, arrangements and understandings between or among you and representatives
of Company, whether oral or written, have been fully and completely merged herein and are fully superseded by this Agreement.

 

		15.	Executive acknowledges that he has read and understands this Agreement, and agrees that he has
freely and voluntarily entered into this Agreement without duress or undue influence imposed on him of any kind.

 

		16.	This Agreement may be executed via facsimile or e-mail in counterparts, and each facsimile or e-mail
counterpart shall have the same force and effect as an original and shall constitute an effective, binding agreement on the part
of each of the undersigned.

 

IN WITNESS WHEREOF, the parties hereto
hereby execute this Agreement by their duly authorized representatives on the dates set forth below.

 

	World Technology Corp.	EXECUTIVE: Fabio Galdi

 

	By:	/s/ Seán McVeigh	 	By:	/s/ Fabio Galdi

 

	Name:	Seán McVeigh
	 	 
	Title:	Chief Executive Officer

 

	Date:   	 	 	Date: 	 

 

    	5

     

    

 

EXHIBIT A

 

SECT. 2(b)

CASH INCENTIVE BONUS

 

Executive may be paid a Seventy Five Thousand
Dollar ($75,000) cash bonus upon specific performance based targets set by the Chief Executive Officer (the “Targets”);
the Targets will be reviewed and finalized by the Board within 15 days after the Targets have been set by the CEO.

 

SECT. 2(c)

EQUITY INCENTIVE BONUS

PERFORMANCE-BASED CRITERION

 

(1) Executive may be granted 50,000 Stock
Options upon achievement of the Targets during 2018. The determination of this grant shall be made by the Board no later than January
1, 2019.

 

(2) Executed may be granted 25,000
Stock Options upon achievement of the Targets no later than June 30, 2019. The determination of this grant shall be made no later
than January 1, 2020.

 

All above Stock Options shall have an exercise
price of Two Dollars ($2.00) per share and a term of three years from the date of grant.

 

    	6Exhibit 10.9

 

PLATFORM LICENSE AGREEMENT

 

This PLATFORM LICENSE AGREEMENT (this
“Agreement”) is made and entered into as of October 1, 2017 (the “License Effective Date”),
between World Global Network Pte. Ltd., a limited private company incorporated in Singapore, (the “Licensor”),
and World Media & Technology Corp., a Nevada corporation (the “Licensee,” and together with the Licensor,
the “Parties” and each a “Party”). Capitalized terms used but not otherwise defined herein
shall have the meanings ascribed to such terms in that certain Stock Exchange, Debt Forgiveness and Intellectual Property Assignment
Agreement between Licensor and Licensee, dated simultaneously herewith (the “SEDFIP Agreement”).

 

RECITALS

 

A. Licensor
and Licensee entered into the SEDFIP Agreement, pursuant to which Licensee acquired certain Intellectual Property from Licensor
as described in the SEDFIP Agreement.

 

B. In
connection with the transactions contemplated by the SEDFIP Agreement, Licensee desires to obtain from Licensor, and Licensor desires
to grant to Licensee, a license to the Platform (as defined below).

 

AGREEMENT

 

NOW, THEREFORE,
in consideration of the foregoing and the mutual covenants and agreements herein contained and for other good and valuable consideration,
the receipt of which is hereby acknowledged, the parties agree as follows:

 

ARTICLE I

DEFINITIONS

 

Section 1.1 Definitions. The following terms shall
have the meanings set forth below:

 

“Components” means
all of the existing proprietary and third party components to the Platform, including software or other information and technology
that is embodied in the Platform, as described in Schedule A hereto.

 

“Documentation”
means any written, printed or otherwise recorded or stored material that relates to the Platform, including technical specifications,
source code annotations, training and support materials, descriptions of the principles of operation of source code, other instructions.

 

“Improvement”
means any invention, modification, addition, derivative work, enhancement, revision, translation, abridgment or expansion to or
arising from a work, or any other form in which a work or any part thereof, may be recast, transformed, or adapted.

 

“Licensee Improvements”
means Improvements to the Platform conceived, crafted, acquired or made by or on behalf of Licensee after the date hereof, including
all intellectual property rights therein or thereto.

 

“Licensor Improvements”
means Improvements to the Platform conceived, crafted, acquired or made by or on behalf of Licensor after the date hereof, including
all intellectual property rights therein or thereto.

 

“Licensor
Intellectual Property” means any existing or hereafter acquired or arising Intellectual Property that is now or hereafter
owned by or licensed to Licensor and that is embodied in or protects the Platform; provided that, in the case of any such Intellectual
Property that is licensed to Licensor from a third party, such Intellectual Property will be included in the Licensed Intellectual
Property only to the extent that Licensor has the right to sublicense such Intellectual Property to Licensee within the scope of
the license granted hereunder. For the avoidance of doubt, “Licensor Intellectual Property” includes all Intellectual
Property owned by Licensor that is used in the Business on or before the Closing Date and that does not constitute a Purchased
Asset.

 

“Platform”
means (a) the Licensor’s software platform (in both source code and object code form), as it exists on the License
Effective Date, as more fully described on Schedule A, (b) the Components, (c) the Documentation, (d) Improvements to the
Platform, the Components or the Documentation, as each were made by or on behalf of Licensor prior to the License Effective
Date, and (e) any Improvements to the Platform, the Components or the Documentation that were made available by Licensee to
Licensor pursuant to Section 2.4 below. The Platform includes (i) the software and (ii) any code relating thereto (including
code to modules) that is partially implemented or under-development as of the License Effective Date or otherwise made
available pursuant to Section 2.4 below.

 

     

     

    

 

ARTICLE II

LICENSE

 

Section 2.1 License Grant. Subject
to the terms and conditions of this Agreement, Licensor hereby grants to Licensee and Licensee’s Affiliates, (a) an exclusive,
irrevocable, perpetual, non-sublicensable (except as permitted in Section 2.2), non-transferable (except as permitted in Section
8.9), fully paid up, royalty-free, worldwide right and license (i) to use and exploit the Licensor Intellectual Property and (ii)
to use, display, install, copy, create derivative works or otherwise exploit the Platform, and (b) a non-exclusive, irrevocable,
perpetual, non- sublicensable (except as permitted in Section 2.2), non-transferable (except as permitted in Section 8.9), fully
paid up, royalty-free, worldwide right and license (i) to use and exploit the Licensor Intellectual Property and (ii) to use, display,
install, copy, create derivative works or otherwise exploit the Platform. Except as provided otherwise in Sections 2.1, 2.2, or
8.9, Licensee and Licensee’s Affiliates may not disclose to or provide any third party access to, use of, or rights in or
to, the Platform or any Licensor Intellectual Property, except as third parties may access or use the Platform in the ordinary
course of Licensee’s business.

 

Section 2.2 Sublicensing and
Third Parties. Licensee and Licensee’s Affiliates shall have the right to grant
(a) third parties engaged by Licensee or Licensee’s Affiliates a sublicense to
the rights granted in Section 2.1, to provide hosting, support or development services for Licensee or Licensee’s
Affiliates relating to the Platform, provided that the sublicense may be granted with respect to source code of the Platform
only if the sublicensee agrees to confidentiality obligations at least as restrictive as those set forth in Article VII and
an acknowledgement of Licensee’s ownership of the Intellectual Property in and to the Platform and any Licensor
Improvements, (b) end users the right to use and interface with an object code version of the Platform, and (c) partners,
content providers and other third parties the right to use, access and interface with the Platform through an application
program interface (“API”). Each Party shall establish, maintain and enforce policies and procedures to safeguard
and protect the Platform and Licensor Intellectual Property which are no less rigorous than reasonable standards relating to
such Party’s confidential and proprietary information. Each Party will be responsible for all acts and omissions of its
employees, representatives, Affiliates, and other third parties (including their employees and representatives) who
have access to the Platform, Licensor Intellectual Property, or the source code relating thereto as if such acts or omissions
were such Party’s acts or omissions.

 

Section 2.3 Delivery. On or
as soon as practicable following the License Effective Date, Licensor shall deliver to Licensee, via a delivery method reasonably
requested by Licensee, a copy of the Platform and all materials contained therein.

 

Section 2.4 Access to Updates.
Licensor shall disclose to Licensee at no additional cost, any and all updates to the source code which Licensee may pull and copy
from the Licensor’s environment and incorporate into the Licensee’s environment as and if desired and at Licensee’s
discretion and risk.

 

Section 2.5 Ownership.
Subject to the terms hereof and the licenses granted hereunder, Licensor will have and retain sole and exclusive ownership of,
and all right, title and interest in, the Licensor Improvements, and Licensee shall have no right, license or interest therein.
Licensee will have and retain sole and exclusive ownership of, and all right, title and interest in, the Licensee Improvements,
and Licensor shall have no right, license or interest therein.

 

Section 2.6 Disclosure of Improvements
and Developments. Other than as provided in Section 2.4 above, Licensor will have no obligation to disclose to Licensee any
Licensor Improvements. Licensee will have no obligation to disclose to Licensor any Licensee Improvements.

 

Section 2.7 Acknowledgements.
Licensee acknowledges and agrees the Licensor is not in the business of commercially licensing the Platform or providing any services
relating to the Platform to third parties and that the Platform may contain errors. LICENSOR SHALL NOT HAVE ANY DUTIES OR RESPONSIBILITIES
UNDER THIS AGREEMENT OTHER THAN THOSE SPECIFICALLY SET FORTH IN THIS AGREEMENT AND NO IMPLIED OBLIGATIONS SHALL BE READ INTO THIS
AGREEMENT. LICENSOR RETAINS ALL RIGHT, TITLE, AND INTEREST IN AND TO THE PLATFORM NOT EXPRESSLY LICENSED UNDER THIS AGREEMENT.

 

     

     

    

 

ARTICLE III 

REPRESENTATIONS AND WARRANTIES

 

Section 3.1 Licensor Representation and Warranties.
Licensor:

 

(a) Represents
to Licensee that Licensor has the full right, power and authority, including the necessary Intellectual Property rights, to enter
into this Agreement, to undertake the transactions contemplated hereby and to grant the licenses granted herein;

 

(b)
Represents and warrants to Licensee that Licensor’s grant of the license and rights to Licensee hereunder does not, and
will not infringe or misappropriate any third party’s tangible property rights, Intellectual Property rights existing
on the License Effective Date, or personal rights and Licensor has not received any notice or claim on or before the License
Effective Date asserting that the Platform infringes or misappropriates, suggesting that the Licensor, due to its use or
exploitation of the Platform, consider licensing, or demanding that the Licensor license, from any person, or refrain from
using, any Intellectual Property of a third party, nor to the knowledge of the Licensor is there reasonable basis
therefor;

 

(c)
Represents to Licensee that neither the Platform nor any Licensor Intellectual Property is subject to any litigation,
judgment, decree, stipulation or other dispute as of the License Effective Date, nor to the knowledge of Licensor is any such
dispute threatened;

 

(d) Represents
and warrants to Licensee that no third parties hold or have been granted by Licensor intellectual property rights in the Platform
or Licensor Intellectual Property that would conflict with the rights granted to Licensee herein or which does, or with the passage
of time, or exercise of an option or springing right, would materially adversely affect the rights granted to Licensee hereunder;

 

(e) Represents
to Licensee that other than as described on Schedule E, the rights granted under Section 2.1 hereof and the materials delivered
under Section 2.3 hereof constitute all of the rights and materials necessary to operate the Platform (including rights with respect
to software licensed from third parties) as such Platform has been operated by Licensor during the 6 months prior to the License
Effective Date;

 

(f) Represents
to Licensee that, as of the License Effective Date, no use of open source software code in connection with the Platform or integration
of open source software code into the Platform has triggered any requirement that (i) the source code to the Platform be publicly
disclosed or (ii) that the Platform has become open source;

 

(g) Warrants
to Licensee that Licensor has used commercially reasonable efforts to prevent the introduction of, and to the knowledge of Licensor
the Platform does not contain any, software viruses, time or logic bombs, trojan horses, worms, timers or clocks, trap doors or
other malicious computer instructions, devices or techniques in the Platform as delivered to Licensee pursuant to Section 2.3;

 

(h) Represents
to Licensee that, to the knowledge of Licensor, the Platform as delivered to Licensee pursuant to Section 2.3 is free from material
bugs and material errors.

 

(i) Represents
to Licensee that the source code and Documentation delivered to Licensee pursuant to Section 2.3 is consistent with the source
code and Documentation used by Licensee for its internal purposes;

 

     

     

    

 

ARTICLE IV

INDEMNIFICATION

 

Section 4.1 By Licensor.
Licensor shall defend, indemnify and hold harmless the Licensee and the Representatives of Licensee from and against any and
all Losses asserted against, incurred, sustained or suffered by Licensee and/or the Representatives of Licensee as a result
of, arising out of or relating to a claim that the Platform or any Licensor Intellectual Property as delivered to Licensor by
Licensee infringes or misappropriates the Intellectual Property of any third party existing as of the License Effective Date
(each a “Infringement Claim”’); provided, however that Licensor shall have no obligation to Licensee
under this section with respect to any Infringement Claim arising twenty four (24) months after the License Effective Date or
to the extent arising from (i) a Licensee Improvement or any modifications to the Platform or any Licensor Intellectual
Property made by or on behalf of Licensee or at Licensee’s request; (ii) Licensee’s breach of this Agreement, but
only to the extent the third party infringement that is at issue in such Infringement Claim or Losses would not have occurred
or have existed but for such breach; (iii) Licensee’s or its Affiliates’ or sublicensees’ use of the
Platform or any Licensor Intellectual Property in a manner not reasonably contemplated by Licensor, but only to the extent
the third party infringement that is at issue in such Infringement Claim or Losses would not have occurred or have existed
but for such non-contemplated use; (iv) Licensee’s or its Affiliates’ or sublicensees’ use of the Platform
or any Licensor Intellectual Property, but only to the extent the infringement that is at issue in such Infringement Claim or
Losses would not have occurred or have existed but for such use; (v) the combination of the Platform and Licensor
Intellectual Property with any Licensee or third party software or other intellectual property, in each case, not provided by
Licensor, but only to the extent the infringement that is at issue in such Infringement Claim or Losses would not have
occurred or have existed but for such combination. If the Platform or any Licensor Intellectual Property becomes the subject
of any Infringement Claim or injunction, Licensor may (at its option), do one of the following to mitigate the Losses
relating to the Infringement Claim: (x) procure for the Licensee (at Licensor’s expense) the right to continue using
the impacted portions of the Platform or Licensor Intellectual Property, or (y) replace or modify the impacted portions of
the Platform or Licensor Intellectual Property so that it becomes non- infringing without substantially compromising
functions, features, or performance of the Platform or the Licensor Intellectual Property.

 

Licensor shall indemnify, save and
hold harmless Licensee and their respective representatives, from and against any and all costs, losses (including without limitation
diminution in value), taxes, liabilities, obligations, damages, lawsuits, deficiencies, claims, demands, and expenses (whether
or not arising out of third-party claims), reasonable attorneys’ fees and all amounts paid in investigation, defense or settlement
of any of the foregoing (herein, “Damages”), incurred in connection with, arising out of, resulting from or incident
to (1) any breach of any representation or warranty or the inaccuracy of any representation made by the Licensor in or pursuant
to this Agreement, (2) any breach of any covenant or agreement made by the Licensor in or pursuant to this Agreement, or (3) operation
of the Platform.

 

Section 4.2 Procedures. The
indemnified Party shall promptly notify the indemnifying Party in writing of any claim, action, demand or lawsuit for which the
Indemnified Party intends to claim indemnification hereunder (provided, however, that the failure to give such notice shall not
relieve the indemnifying Party from its obligations hereunder, except to the extent that the indemnifying Party is prejudiced by
such delay). The indemnifying Party has the right to take control of the defense of all actions that are indemnified against hereunder;
provided, however, Licensee shall not have the right to settle or compromise any claim without the written consent of the Licensor,
which consent shall not be unreasonably withheld or delayed. The indemnified Party shall cooperate with the indemnifying Party
and its legal representatives in the investigation and defense of any action covered by this indemnification.

 

ARTICLE V

TERM AND TERMINATION

 

Section 5.1 Term. The term
of this Agreement shall commence as of the License Effective Date and shall continue in perpetuity.

 

Section 5.2 No Termination.
The licenses granted hereunder shall be irrevocable and perpetual, shall not be terminable by Licensor and shall continue in full
force and effect indefinitely, provided, however, if Licensee materially breaches its obligations under this Agreement by disclosing
the source code or Documentation to an unauthorized third party, then Licensor may bring a legal action against the Licensee seeking
(i) injunctive relief to prohibit such action (or a reoccurrence of the same or similar breach), but not injunctive relief to prohibit
Licensee’s own use of the Platform or Documentation in accordance with this Agreement, and (ii) monetary damages. Except
as otherwise described above, Licensor shall not have, and Licensor hereby irrevocably waives, the right to seek injunctive or
equitable relief against the Licensee, including any remedy that would involve rescission or other termination of this Agreement
or any of the licenses granted hereunder.

 

     

     

    

 

ARTICLE VI

LIMITATION ON LIABILITY

 

Section 6.1 DAMAGE DISCLAIMER.
EXCEPT AS PROVIDED BELOW IN THIS ARTICLE VI, IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR ANY CONSEQUENTIAL, INDIRECT, INCIDENTAL,
PUNITIVE, OR SPECIAL DAMAGES WHATSOEVER, INCLUDING WITHOUT LIMITATION, DAMAGES FOR LOSS OF BUSINESS PROFITS, BUSINESS INTERRUPTION,
LOSS OF BUSINESS INFORMATION, AND THE LIKE, ARISING OUT OF THIS AGREEMENT, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY
OF SUCH DAMAGES.

 

Section 6.2 GENERAL DAMAGE CAP.
EXCEPT AS PROVIDED BELOW IN THIS ARTICLE VI, IN NO EVENT SHALL EITHER PARTY BE LIABLE IN THE AGGREGATE UNDER THIS AGREEMENT OR
WITH RESPECT TO THE PLATFORM OR LICENSOR INTELLECTUAL PROPERTY FOR ANY DAMAGES OR LOSSES IN EXCESS OF: (A) FOR CLAIMS ARISING
BEFORE THE 24TH MONTH AFTER THE LICENSE EFFECTIVE DATE, FIFTEEN MILLION DOLLARS ($15,000,000) OR (B) FOR CLAIMS ARISING
ON OR AFTER THE 24TH MONTH AFTER THE LICENSE EFFECTIVE DATE, ONE HUNDRED DOLLARS ($100). A PARTY SHALL NOT BE PERMITTED
TO BRING A CLAIM UNDER THIS AGREEMENT AND UNDER THE SEDFIP AGREEMENT FOR THE SAME CAUSE OF ACTION OR EVENT GIVING RISE TO LIABILITY
AND LIABILITIES SUBJECT TO THE DAMAGES CAP SET FORTH IN CLAUSE 6.2(A) APPLY AGAINST AND REDUCE THE APPLICABLE LIMITS UNDER THE
SEDFIP AGREEMENT IF A PARTY COULD HAVE BROUGHT SUCH CAUSE OF ACTION THEREUNDER INSTEAD OF THIS AGREEMENT.

 

Section 6.3 EXCLUSIONS.
Sections 6.1 shall not apply with respect to damages or losses arising from
(i) infringement, misappropriation, unauthorized use, or unauthorized disclosure of
the Platform or any Licensor Intellectual Property, (ii) Licensor’s or Licensor’s Affiliate’s breach of its
exclusivity obligations, or (iii) a breach of Section 2.1 or 2.2. Section 6.2 shall not apply with respect to damages or
losses arising from (x) infringement, misappropriation, unauthorized use, or unauthorized disclosure of the Platform or any
Licensor Intellectual Property, (y) Licensor’s or Licensor’s Affiliate’s breach of its exclusivity
obligations, or (z) a breach of Section 2.1 or 2.2; provided, however, a Party’s liability for damages or losses for
any infringement, misappropriation, unauthorized use, or unauthorized disclosure or other acts or omissions by
unaffiliated third parties engaged by such Party or its Affiliates will be subject to a cap of $ 15,000,000 for the first
twenty four (24) months after the License Effective Date and a cap of $5,000,000 thereafter (the “Special Caps”).
Sections 6.1 and 6.2 and the Special Caps shall not apply with respect to fraud with intent to deceive, willful
misrepresentation, and willful misconduct.

 

ARTICLE VII

CONFIDENTIAL INFORMATION

 

Each of the Parties shall hold, and
shall cause its Representatives to hold, in confidence all documents and information furnished to it by or on behalf of the other
party in connection with the transactions contemplated hereby pursuant to the terms of the SEDFIP Agreement, which shall continue
in full force and effect following the License Effective Date. Licensee further acknowledges and agrees that the Platform and Licensor
Intellectual Property are Confidential Information of Licensor under such SEDFIP Agreement and may not be used or disclosed, except
as expressly authorized or licensed by Licensor.

 

ARTICLE VIII

MISCELLANEOUS

 

Section 8.1 Amendment and Modification.
This Agreement may not be amended, modified or supplemented in any manner, whether by course of conduct or otherwise, except by
an instrument in writing specifically designated as an amendment hereto, signed on behalf of each party.

 

Section 8.2 Waiver. No failure
or delay of either party in exercising any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such right or power, or any
course of conduct, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies
of the parties hereunder are cumulative and are not exclusive of any rights or remedies which they would otherwise have hereunder.
Any agreement on the part of either party to any such waiver shall be valid only if set forth in a written instrument executed
and delivered by a duly authorized officer on behalf of such party.

 

     

     

    

 

Section 8.3 Notices. All notices,
requests, claims, demands and other communications under this Agreement shall be given or made and shall be deemed to have been
given in accordance with Section 10.5 of the SEDFIP Agreement.

 

Section 8.4 Interpretation.
When a reference is made in this Agreement to a Section, Article, Schedule or Exhibit, such reference shall be to a Section, Article,
Schedule or Exhibit of this Agreement unless otherwise indicated. Any table of contents or headings contained in this Agreement
or in any Schedule are for convenience of reference purposes only and shall not affect in any way the meaning or interpretation
of this Agreement. All words used in this Agreement will be construed to be of such gender or number as the circumstances require.
Any capitalized terms used in any Schedule but not otherwise defined therein shall have the meaning as defined in this Agreement.
All Schedules annexed hereto or referred to herein are hereby incorporated in and made a part of this Agreement as if set forth
herein. The word “including” and words of similar import when used in this Agreement will mean “including, without
limitation,” unless otherwise specified.

 

Section 8.5 Entire Agreement.
This Agreement (including the Schedules hereto) and the SEDFIP Agreement and its Exhibits and ancillary agreements constitute the
entire agreement, and supersedes all prior written agreements, arrangements, communications and understandings and all prior and
contemporaneous oral agreements, arrangements, communications and understandings between the Parties with respect to the subject
matter hereof. If there are any conflicts between the terms and provisions of this Agreement and the SEDFIP Agreement, the terms
and provisions of this Agreement shall control.

 

Section 8.6 No
Third-Party Beneficiaries. Nothing in this Agreement, express or implied, is intended to or shall confer upon any Person other
than the parties, their Affiliates and their respective successors and permitted assigns any legal or equitable right, benefit
or remedy of any nature under or by reason of this Agreement.

 

Section 8.7 Governing
Law. Any dispute arising out of or in connection with this contract, including any question regarding its existence, validity
or termination, shall be referred to and finally resolved by arbitration under the Rules of Arbitration of the International Chamber
of Commerce, which Rules are deemed to be incorporated by reference into this clause. The number of arbitrators shall be one. The
seat, or legal place, of arbitration shall be the State of New York, United States. The language to be used in the arbitration
shall be English. The governing law of the contract shall be the substantive law of New York, United States.

 

Section 8.8 Injunctive Relief.
A breach of this Agreement may result in irreparable harm to Licensee and a remedy at law for any such breach will be inadequate,
and in recognition thereof, Licensee will be entitled to injunctive and other equitable relief to prevent any breach or the threat
of any breach of this Agreement by Licensor without showing or proving actual damages.

 

Section 8.9 Assignment:
Successors. Neither this Agreement nor any of the rights, interests or obligations under this Agreement may be assigned or
delegated, in whole or in part, by operation of law or otherwise, by either party without the prior written consent of the other
party, and any such assignment without such prior written consent shall be null and void; provided, however, that the Licensee
may assign this Agreement to any Affiliate of the Licensee without the prior consent of the Licensor. Following any such assignment,
Licensee shall cease all use of the Platform and provide Licensor notice of such assignment. Subject to the preceding sentence,
this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the parties and their respective successors
and assigns.

 

Section 8.10 Severability. Whenever
possible, each provision or portion of any provision of this Agreement shall be interpreted in such manner as to be effective and
valid under Applicable Law, but if any provision or portion of any provision of this Agreement is held to be invalid, illegal or
unenforceable in any respect under any Applicable Law or rule in any jurisdiction, such invalidity, illegality or unenforceability
shall not affect any other provision or portion of any provision in such jurisdiction, and this Agreement shall be reformed, construed
and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision or portion of any provision had never
been contained herein.

 

     

     

    

 

Section 8.11 Enforcement. The
parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed
in accordance with their specific terms or were otherwise breached. Each of the parties shall be entitled to specific performance
of the terms hereof, including an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically
the terms and provisions of this Agreement in the Court of Chancery located in the State of Delaware (or, if such court lacks
subject matter jurisdiction, in any appropriate state or federal court within the State of Delaware), this being in addition to
any other remedy to which such party is entitled at law or in equity. Each of the parties hereby further waives (a) any defense
in any Action for specific performance that a remedy at law would be adequate and (b) any requirement under any law to post security
as a prerequisite to obtaining equitable relief.

 

Section 8.12. Counterparts; Electronic
Signatures. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but
all of which together shall constitute one and the same instrument and shall become effective when one or more counterparts have
been signed by each of the parties and delivered to the other party. A facsimile, PDF or other electronic signature of this Agreement
shall be valid and have the same force and effect as a manually signed original.

 

Section 8.13 No Presumption Against
Drafting Party. Each of the Licensor and the Licensee acknowledges that each party to this Agreement has been represented by
legal counsel in connection with this Agreement and the transactions contemplated by this Agreement. Accordingly, any rule of law
or any legal decision that would require interpretation of any claimed ambiguities in this Agreement against the drafting party
has no application and is expressly waived.

 

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

 

	World Media & Technology Corp.	 	World Global Network Pte. Ltd.
	 	 	 
	By:	 	 	By: 	 
	 	/s/ Seán McVeigh	 	 	 
	Name:	Seán McVeigh	 	Name:	 
	 	 	 	 	 
	Title:	Chief Executive Officer	 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00285-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00285-of-00352.parquet"}]]