Document:

Exhibit 10.7

 

PLAYBUTTON

CONSULTING
AGREEMENT

 

THIS
CONSULTING AGREEMENT (the "Agreement”) by and between Playbutton LLC ("Company') and Paste LLC
("Consultant') is effective as of December 20, 2012 (the "Effective Date")

 

RECITALS

 

WHEREAS the
parties desire for the Company to engage Consultant to perform the services described herein and for Consultant to provide such
services on the terms and conditions described herein, and

 

WHEREAS, the
parties desire to use Consultant's skill and expertise pursuant to this Agreement as an independent contractor; and

 

NOW THEREFORE,
in consideration of the promises and mutual agreements contained herein, the parties hereto, intending to be 1egally bound, agree
as follows:

 

1.     Engagement
of Services. Consultant agrees to provide consulting services ("Services") described on Exhibit A hereto;
Consultant agrees to use the highest degree of professionalism and utilize its expertise in performing the Services.

 

2.     Compensation.
In consideration for the services rendered pursuant to this Agreement, Company will pay Consultant a consulting fee as set forth
on Exhibit A. Consultant agrees that as an independent contractor it is solely responsible for all expenses (and profits/losses)
Consultant incurs in connection with the performance of services. Invoices will be submitted to the Company on a monthly basis
and shall be payable within fifteen (15) days after submission

 

3.     Independent
Contractor Relationship. Consultant's relation to Company under this Agreement is that of an independent contractor Nothing
in this Agreement is intended or should be construed to create a partnership, joint venture, or employer-employee relationship
between Company and Consultant. Consultant will take no position with respect to or on any tax return or application for benefits,
or in any proceeding directly or indirectly involving Company, that is inconsistent with Consultant being an independent contractor
(and not an employee) of Company

 

4.     Consultant's
Responsibilities. As an independent contractor, the mode, manner, method and means used by Consultant in the performance of
services shall be of Consultant's selection and under the sole control and direction of Consultant. Consultant shall be responsible
for all risks incurred in the operation of Consultant's business and shall enjoy all the benefits thereof. Any persons employed
by or subcontracting with Consultant to perform any part of Consultant's obligations hereunder shall be under the sole control
and direction of Consultant and Consultant shall be solely responsible for all liabilities and expenses thereof.

 

5.     Non-Exclusivity.
The Company reserves the right to engage other consultants to perform services, without giving Consultant a right of first
refusal or any other exclusive rights. Consultant reserves the right to perform services for other persons, provided that the
performance of such services do not conflict or interfere with services provided pursuant to or obligations under this Agreement

 

6.     No
Conflict of Interest. Consultant warrants that there is no other contract or duty on its pail that prevents or impedes Consultant's
performance under this Agreement. Consultant agrees to indemnify Company from any and all loss or liability incurred by reason
of the alleged breach by Consultant of any services agreement with any third party

 

7.Term
and Termination.

 

7.1     Term
and termination. The term of this Agreement and the "Consulting Period" shall continue from the Effective
Date set forth above until terminated as provided in this Agreement. The Company may terminate this Agreement immediately
if the Consultant materially breaches the Agreement and such breach remains uncured after 30 days of having been notified in writing
by the Company about such breach.

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7.2     Effect
of Termination; Survival. In the event the Company terminates this Agreement, or if Consultant terminates this Agreement, Consultant
will not receive any additional consulting fees or other compensation as of the date of termination.

 

8.     Indemnification.
Consultant shall indemnify and hold harmless the Company and its officers, directors, agents, owners, and employees, for any claims
brought or liabilities imposed against the Company by Consultant or any of his/her employees or by any other party (including
private parties, governmental bodies and courts), including claims related to worker's compensation, wage and hour laws, employment
taxes, and benefits, and whether relating to Consultant's status as an independent contractor, the status of his/her personnel,
or any other matters involving the acts or omissions of Consultant and his/her personnel. Indemnification shall be for any and
all losses and damages, including costs and attorneys' fees

 

9.     Taxes.
Consultant is solely responsible for filing all tax returns and submitting all payments as required by any federal, state, local,
or foreign tax authority arising from the payment of fees to Consultant under this Agreement, and agrees to do so in a timely
manner.

 

10.     Successors
and Assigns. Consultant may not subcontract or otherwise delegate its obligations under this Agreement without Company's prior
written consent. Company may assign this Agreement. Subject to the foregoing, this Agreement will be for the benefit of Company's
successors and assigns, and will be binding on Consultant's subcontractors or delegates.

 

11.     Notices.
Any notice required or permitted by this Agreement shall be in writing and shall be delivered as follows with notice deemed
given as indicated: (i) by overnight courier upon written verification of receipt, or (ii) by telecopy or facsimile transmission
upon acknowledgment of receipt of electronic transmission. Notice shall be sent to the addresses set forth below.

 

12.     Governing
Law; Waiver. This Agreement shall be governed in all respects by the laws of the State of New York, as such laws are applied
to agreements entered into and to be performed entirely within New York between New York residents. Any suit involving this Agreement
shall be brought in a court sitting in New York City. The parties agree that venue shall be proper in such courts, and that such
courts will have personal jurisdiction over them The waiver by Company of a breach of any provision of this Agreement by Consultant
shall not operate or be construed as a waiver of any other or subsequent breach by Consultant.

 

13.     Injunctive
Relief for Breach. Consultant's obligations under this Agreement are of a unique character that gives them particular value;
breach of any of such obligations will result in irreparable and continuing damage to Company for which there will be no adequate
remedy at law; and, in the event of such breach, Company will be entitled to injunctive relief and/or a decree for specific performance,
and such other and further relief as may be proper (including monetary damages if appropriate and attorney's fees).

 

14.     Entire
Agreement; Severability. This Agreement, including Exhibit A, constitutes the entire understanding of the parties relating
to the subject matter and supersedes any previous oral or written communications, representations, understanding. or agreement
between the parties concerning such subject matter. This Agreement
shall not be changed, modified, supplemented or amended except by express written agreement signed by Consultant and the Company.
Should any provisions of this Agreement be held by a court of law to be illegal, invalid or unenforceable, the legality, validity
and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby.

 

[The remainder of this page is intentionally
blank. Signature page follows]

 

 

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

 

 

	“COMPANY”	“CONSULTANT”
	 	 
	PLAYBUTTON LLC	PARTE LLC
	 	 
	By: /s/ Adam Tichaeur	By: /s/ Nicholas Yangerfield
	Name (print): Adam Tichauer 
	Name (print): Nicholas Yangerfield
	Title: CEO	Address: 295 East 8th Street
	Telephone: 347-2537-2342	Tel: 646 288 4299
	Fax:	 

 

 

 

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EXHIBIT A

 

Description of Services:

 

		·	Advice on strategy, positioning and promotion of the playbutton device
and brand

 

		·	Advice on continuation and maintenance of intellectual property of the
Company.

 

		·	Advice in the development of new devices and platforms to develop
the business of the Company

 

Rate of Compensation for Services performed.

 

		·	An initial payment of $36,000.

 

		·	$4,000 / month starting January 1st 2013 will be paying
                                                                                                              bimonthly with the rest of the employees salaries as 1099Exhibit 10.8

 

AMENDMENT NO. 1 TO REGISTRATION
RIGHTS AGREEMENT

  

THIS
AMENDMENT NO. 1 TO REGISTRATION RIGHTS AGREEMENT (this “Amendment”) is entered into effective as of March
14, 2013 among Playbutton Corporation, a Delaware corporation formerly known as Playbutton Acquisition Corp. (the “Company”),
and the signatories hereto (each, an “Investor” and collectively, the “Investors”) who collectively
hold majority of the Registrable Securities (such term and all other capitalized terms used in this
Amendment not otherwise defined herein shall have the same meaning ascribed to them in the Registration Rights Agreement as defined
in the recitals below).

 

R E C I T A L S

 

A.             The Company and
the Investors are parties to a Registration Rights Agreement dated October 17, 2012 (“Registration Rights Agreement”)
pursuant to which the Company agreed to register the Registrable Securities under the Securities Act.

 

B.             The
Company and the Investors now wish to enter into this Amendment for purposes of amending the Registration Rights Agreement to delete
the cash penalty payable by the Company for not filing a registration statement covering the Registrable Securities by the
Filing Date and doubling the cash penalty payable by the Company for not achieving effectiveness of
the registration statement covering the Registrable Securities by the Effectiveness Date. 

 

A G R E E M E N T

 

NOW, THEREFORE, in
consideration of the premises and the mutual covenants, obligations and agreements contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound, the parties hereby
agree as follows:

 

 

1.             Agreement to
Amend. Upon the terms and conditions set forth herein, the Company and the Investors agree to amend the Registration Rights
Agreement as follows:

 

1.1             The first sentence
of Section 1.2(a) shall be deleted in its entirety and replaced with the following:

 

“The Company
shall use it best efforts to prepare and file with the Commission, as soon as practicable following the Trigger Date, a registration
statement covering the Registrable Securities for an offering to be made on a continuous basis pursuant to Rule 415.”

 

1.2             Section 1.2(b)
of the Registration Rights Agreement shall be deleted in its entirety and replaced with the following:

 

“The Company
shall pay to Investors a fee of two percent (2%) per month of the Investors’ investment, payable in cash, for every thirty
(30) day period up to a maximum of ten percent (10%) following the Effectiveness Date that the registration statement has not been
initially declared effective; provided, however, that the Company shall not be obligated to pay any such liquidated
damages if the Company is unable to fulfill its registration obligations as a result of rules, regulations, positions or releases
issued or actions taken by the Commission pursuant to its authority with respect to “Rule 415”, and the Company registers
at such time the maximum number of shares of Common Stock permissible upon consultation with the staff of the Commission; provided,
further, that the Company shall not be obligated to pay any liquidated damages at any time following the one year anniversary
of the Trigger Date.”

 

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2.             No Further
Modifications. Except as specifically set forth herein, nothing in this Amendment shall be construed to enlarge, restrict,
or otherwise modify the terms of the Registration Rights Agreement or the respective rights or obligations of the parties thereto.

 

3.             Authorization;
Enforceability. Each of the parties represents to the other that: (i) it has all corporate or individual right, power and
authority to enter into this Amendment; and (ii) no consent, approval, authorization or other order of any governmental authority
or other third party is required to be obtained by it in connection with the authorization, execution and delivery of this Amendment.

 

4             Amendments and
Waivers. This Amendment and the Registration Rights Agreement sets forth the entire agreement and understanding between the
parties as to the subject matter hereof and thereof and supersedes and replaces all prior and contemporaneous discussions, negotiations,
agreements and understandings (oral or written) with respect to such subject matter. This Amendment or any provision hereof may
be (i) amended only by mutual written agreement of the parties hereto or (ii) waived only by written agreement of the waiving
party.

 

 

IN WITNESS WHEREOF, the parties have caused
this Amendment No. 1 to Registration Rights Agreement to be duly executed and delivered as of the date first set forth above.

 

 

“Company”

 

PLAYBUTTON CORPORATION

 

By: /s/
Adam Tichauer

      Adam Tichauer, Chief Executive Officer

 

 

“INVESTORS”

 

 

[INVESTOR SIGNATURES ON NEXT PAGE]

 

 

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“INVESTORS”

 

JEK SEP/PROPERTY, L.P.

 

 

By: /s/
Jennifer Esping Kirtland

      Jennifer Esping Kirtland

      General Partner

 

 

JOHN S. LEMAK IRA ROLLOVER

 

 

By: /s/
John S. Lemak

      John S. Lemak

 

 

SANDOR CAPITAL MASTER FUND

 

 

By: /s/
John S. Lemak

      John S. Lemak, Manager

 

 

JSK KIDS PARTNERS

 

 

By: /s/
John S. Lemak

      John S. Lemak

 

 

 

/s/ Robert B. Prag

ROBERT B. PRAG

 

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