Document:

Exhibit 10.1

 

EMPLOYMENT AGREEMENT

 

This Agreement (this “Agreement”),
dated as of January 1, 2017 (sometimes the “Effective Date”), by and between Yappa World Incorporated, a Delaware corporation
with principal offices at 4201 Via Marina, Unit D402, Marina Del Rey, CA 90292 (the “Company”), and Jennifer
Dyer, residing at 1338 North Gardner Street, Los Angeles, CA 90046 (the “Executive”).

 

WITNESSETH:

 

WHEREAS, the Company desires
to continue to employ the Executive as Chief Executive Officer and President of the Company, and the Executive desires to serve
the Company in such capacity, upon the terms and subject to the conditions contained in this Agreement;

 

NOW, THEREFORE, in consideration
of the mutual covenants and agreements herein contained, the parties hereto hereby agree as follows:

 

1.           Employment. The Executive
will continue to be employed by the Company, as President and Chief Executive Officer. The Executive will report to the Board of
Directors of the Company (the “Board”) and shall perform such duties as are consistent with her position as President
and Chief Executive Officer Secretary (as applicable, the “Services”). The Executive agrees to perform such duties
faithfully, to devote all of her working time, attention and energies to the business of the Company, and while she remains employed
by the Company, not to engage in any other business activity that is in conflict with her duties and obligations to the Company.

 

2.           Term. The
Executive’s employment under this Agreement (the “Term”) shall commence as of the Effective Date and shall continue
for a term of seven (7) years unless sooner terminated pursuant to Section 8 of this Agreement. This Agreement shall automatically
be renewed for additional two year periods (included in the definition of Term) unless either party has provided written termination
of this Agreement at least 90 days prior to the expiration of such Term. Notwithstanding anything to the contrary contained herein,
the provisions of this Agreement governing protection of Confidential Information shall continue in effect as specified in Section
5 hereof and survive the expiration or termination hereof.

 

3.           Best Efforts;
Place of Performance.

 

(a)          The Executive shall
devote substantially all of her business time, attention and energies to the business and affairs of the Company and shall use
her best efforts to advance the best interests of the Company and shall not during the Term be actively engaged in any other business
activity, whether or not such business activity is pursued for gain, profit or other pecuniary advantage, that will interfere with
the performance by the Executive of her duties hereunder or the Executive’s availability to perform such duties or that will
adversely affect, or negatively reflect upon, the Company.

 

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(b)          The duties to be performed
by the Executive hereunder shall be performed primarily at the office of the Company, subject to reasonable travel requirements
on behalf of the Company, or such other place as the Board may reasonably designate.

 

4.           Compensation.
As full compensation for the performance by the Executive of her duties under this Agreement, the Company shall pay the Executive
as follows:

 

(a)          Base Salary. The Company
shall pay Executive a salary (the “Base Salary”) equal to One Hundred Five Thousand Dollars ($105,000.00) per
calendar year, which Salary shall increase annually on January 1 of each year during the term, a minimum of five percent (5%) per
annum or such greater amount as determined by the Board. Payment shall be made in accordance with the Company’s normal payroll
practices. The Base Salary shall be reviewed for adjustment annually by the Board of Directors.

 

(b)          Bonus. The Executive shall
be entitled to such bonus as determined annually by the Board of Directors, but in no event shall such annual bonus be less than
twenty five percent (25%) of the then current Base Salary in effect.

 

(c)          Withholding. The Company
shall withhold all applicable federal, state and local taxes and social security and such other amounts as may be required by law
from all amounts payable to the Executive under this Section 4.

 

(d)          Stock Options. The Executive
shall be entitled to such Stock Options when, as, if determined annually by the Board of Directors.

 

(e)          Expenses. The Company shall
reimburse the Executive for all normal, usual and necessary expenses incurred by the Executive in furtherance of the business and
affairs of the Company, including reasonable travel and entertainment, upon timely receipt by the Company of appropriate vouchers
or other proof of the Executive’s expenditures and otherwise in accordance with any expense reimbursement policy as may from
time to time be adopted by the Company.

 

(f)           Other Benefits. The Executive
shall be entitled to all rights and benefits for which she shall be eligible under any benefit or other plans (including, without
limitation, dental, medical, medical reimbursement and hospital plans, disability insurance, and pension plans) as the Company
shall make available to its senior executives from time to time. In addition during the Term of this Agreement the Company shall
provide the Executive: an automobile allowance of Eight Hundred Dollars ($800) Dollars per month, and health care reimbursement
of One Thousand Dollars ($1,000) per month, and miscellaneous expense reimbursement of Five Hundred Dollars ($500) per month.

 

(g)          Vacation. The Executive
shall, during the Term, be entitled to twenty (20) days’ vacation per annum, in addition to holidays observed by the Company.
The Executive shall not be entitled to carry any vacation forward to the next year of employment and shall not receive any compensation
for unused vacation days.

 

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5.           Confidential Information and Inventions.

 

(a)          The Executive recognizes
and acknowledges that in the course of her duties she is likely to receive confidential or proprietary information owned by the
Company, its affiliates or third parties with whom the Company or any such affiliates has an obligation of confidentiality. Accordingly,
during and after the Term, the Executive agrees to keep confidential and not disclose or make accessible to any other person or
use for any other purpose other than in connection with the fulfillment of her duties under this Agreement, any Confidential and
Proprietary Information (as defined below) owned by, or received by or on behalf of, the Company or any of its affiliates. “Confidential
and Proprietary Information” shall include, but shall not be limited to, confidential or proprietary scientific or technical
information, data, and related concepts, business plans (both current and under development), client lists, promotion and marketing
programs, trade secrets, or any other confidential or proprietary business information relating to development programs, costs,
revenues, marketing, investments, sales activities, promotions, credit and financial data, manufacturing processes, financing methods,
plans or the business and affairs of the Company or of any affiliate or client of the Company. The Executive expressly acknowledges
the trade secret status of the Confidential and Proprietary Information and that the Confidential and Proprietary Information constitutes
a protectable business interest of the Company. The Executive agrees: (i) not to use any such Confidential and Proprietary Information
for himself or others; and (ii) not to take any Company material or reproductions (including but not limited to writings, correspondence,
notes, drafts, records, invoices, technical and business policies, computer programs or disks) thereof from the Company’s
offices at any time during her employment by the Company, except as required in the execution of the Executive’s duties to
the Company. The Executive agrees to return immediately all Company material and reproductions (including but not limited, to writings,
correspondence, notes, drafts, records, invoices, technical and business policies, computer programs or disks) thereof in her possession
to the Company upon request and in any event immediately upon termination of employment.

 

(b)          Except with prior written
authorization by the Company, the Executive agrees not to disclose or publish any of the Confidential and Proprietary Information,
or any confidential, technical or business information of any other party to whom the Company or any of its affiliates owes an
obligation of confidence, at any time during or after her employment with the Company.

 

(c)          The Executive agrees
that all inventions, discoveries, improvements and patentable or copyrightable works initiated, conceived or made by him, either
alone or in conjunction with others, through the use of the resources of the Company or directly related to the business of the
Company (the “Inventions”) during the Term shall be the sole property of the Company to the maximum extent permitted
by applicable law and, to the extent permitted by law, shall be “works made for hire” as that term is defined in the
United States Copyright Act (17 U.S.C.A., Section 101). The Company shall be the sole owner of all patents, copyrights, trade secret
rights, and other intellectual property or other rights in the Inventions. The Executive hereby assigns to the Company all right,
title and interest she may have or acquire in all such Inventions; provided, however, that the Board of Directors of the Company
may in its sole discretion agree to waive the Company’s rights pursuant to this Section 5(c). The Executive further agrees
to assist the Company in every proper way (but at the Company’s expense) to obtain and from time to time enforce patents,
copyrights or other rights on such Inventions in any and all countries, and to that end the Executive will execute all documents
necessary (even after termination of this Agreement):

 

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(i)          to apply for, obtain
and vest in the name of the Company alone (unless the Company otherwise directs) letters patent, copyrights or other analogous
protection in any country throughout the world and when so obtained or vested to renew and restore the same; and

 

(ii)         to defend any opposition
proceedings in respect of such applications and any opposition proceedings or petitions or applications for revocation of such
letters patent, copyright or other analogous protection.

 

(d)          The Executive acknowledges
that while performing the Services under this Agreement the Executive may locate, identify and/or evaluate patented or patentable
inventions or other business opportunities (the “Third Party Inventions”) having commercial potential in the fields
of networking and telecommunication services, voice-over-internet protocol services and related systems and other fields which
may be of potential interest to the Company or one of its affiliates. The Executive understands, acknowledges and agrees that all
rights to, interests in or opportunities regarding, all Third-Party Inventions identified by the Company, any of its affiliates
or either of the foregoing persons’ officers, directors, employees (including the Executive), agents or consultants during
the Employment Term shall be and remain the sole and exclusive property of the Company or such affiliate and the Executive shall
have no rights whatsoever to such Third-Party Inventions and will not pursue for himself or for others any transaction relating
to the Third-Party Inventions which is not on behalf of the Company. Notwithstanding the foregoing, if the Company, having been
presented with the opportunity by the Executive to pursue such Third Party Inventions chooses not to do so, then Executive may
pursue such Third Party Inventions himself without accounting to the Company therefore.

 

(e)          Executive agrees that
she will promptly disclose to the Company, or any persons designated by the Company, all improvements, Inventions made or conceived
or reduced to practice or learned by him, either alone or jointly with others, during the Term.

 

(f)           The provisions of this
Section 5 shall survive any termination of this Agreement.

 

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6.           Non-Competition, Non-Solicitation
and Non-Disparagement.

 

(a)          The Executive understands
and recognizes that her services to the Company are special and unique and that in the course of performing such services the Executive
will have access to, and knowledge of, Confidential and Proprietary Information (as defined in Section 5) and the Executive agrees
that, during the Term and for a period of 12 months thereafter, she shall not in any manner, directly or indirectly, on behalf
of himself or any person, firm, partnership, joint venture, corporation or other business entity (“Person”),
enter into or engage in any business which is engaged in any business directly competitive with the business of the Company, either
as an individual for her own account, or as a partner, joint venturer, owner, executive, employee, independent contractor, principal,
agent, consultant, salesperson, officer, director or shareholder of a Person in a business competitive with the Company within
the geographic area of the Company’s business, which is deemed by the parties hereto to be nationwide. The Executive acknowledges
that, due to the unique nature of the Company’s business, the loss of any of its clients or business flow or the improper
use of its Confidential and Proprietary Information could create significant instability and cause substantial damage to the Company
and its affiliates and therefore the Company has a strong legitimate business interest in protecting the continuity of its business
interests and the restriction herein agreed to by the Executive narrowly and fairly serves such an important and critical business
interest of the Company. For purposes of this Agreement, the Company shall be deemed to be actively engaged on the date hereof
in the development and commercialization of voice-over-internet protocol services and related systems and in the future in any
other business in which it actually devotes substantive resources to study, develop or pursue. Notwithstanding the foregoing, nothing
contained in this Section 6(a) shall be deemed to prohibit the Executive from (i) acquiring or holding, solely for investment,
publicly traded securities of any corporation, some or all of the activities of which are competitive with the business of the
Company so long as such securities do not, in the aggregate, constitute more than four percent (4%) of any class or series of outstanding
securities of such corporation. This Section 6(a) shall not be enforceable by the Company against Executive if the Executive (i)
is terminated by the Company without Cause; or (ii) terminates this Agreement for Good Reason.

 

(b)          During the Term and
for a period of 12 months thereafter, the Executive shall not, directly or indirectly, without the prior written consent of the
Company:

 

(i)          solicit or induce any employee
of the Company or any of its affiliates to leave the employ of the Company or any such affiliate; or hire for any purpose any employee
of the Company or any affiliate or any employee who has left the employment of the Company or any affiliate within one year of
the termination of such employee’s employment with the Company or any such affiliate or at any time in violation of such
employee’s non-competition agreement with the Company or any such affiliate; or

 

(ii)         solicit or accept
employment or be retained by any Person who, at any time during the term of this Agreement, was an agent, client or customer of
the Company or any of its affiliates where her position will be related to the business of the Company or any such affiliate; or

 

(iii)        solicit or accept
the business of any agent, client or customer of the Company or any of its affiliates with respect to products or services which
compete directly with the products or services provided or supplied by the Company or any of its affiliates, or

 

(iv)        Notwithstanding the
foregoing, Sections 6(b)(ii) and 6(b)(iii) shall not be enforceable by the Company against Executive if the Executive (i) is terminated
by the Company without Cause; or (ii) terminates this Agreement for Good Reason.

 

(c)          The Company and the
Executive each agree that both during the Term and at all times thereafter, neither party shall directly or indirectly disparage,
whether or not true, the name or reputation of the other party or any of its affiliates, including but not limited to, any officer,
director, employee or shareholder of the Company or any of its affiliates.

 

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(d)          In the event that the
Executive breaches any provisions of Section 5 or this Section 6 or there is a threatened breach, then, in addition to any other
rights which the Company may have, the Company shall be entitled, without the posting of a bond or other security, to seek injunctive
relief to enforce the restrictions contained in such Sections, in addition to any other remedies at law or in equity to which the
Company may be entitled.

 

(e)          Each of the rights
and remedies enumerated in Section 6(d) shall be independent of the others and shall be in addition to and not in lieu of any other
rights and remedies available to the Company at law or in equity. If any of the covenants contained in this Section 6, or any part
of any of them, is hereafter construed or adjudicated to be invalid or unenforceable, the same shall not affect the remainder of
the covenant or covenants or rights or remedies which shall be given full effect without regard to the invalid portions. If any
of the covenants contained in this Section 6 is held to be invalid or unenforceable because of the duration of such provision or
the area covered thereby, the parties agree that the court making such determination shall have the power to reduce the duration
and/or area of such provision and in its reduced form such provision shall then be enforceable.

 

(f)           In the event that an
actual proceeding is brought in equity to enforce the provisions of Section 5 or this Section 6, the Executive shall not use as
a defense that there is an adequate remedy at law nor shall the Company be prevented from seeking any other remedies which may
be available.

 

(g)          The provisions of this
Section 6 shall survive any termination of this Agreement.

 

7.           Representations and Warranties
by the Executive.

 

The Executive hereby represents
and warrants to the Company as follows:

 

(i)           Neither the execution
or delivery of this Agreement nor the performance by the Executive of her duties and other obligations hereunder violate or will
violate any statute, law, determination or award, or conflict with or constitute a default or breach of any covenant or obligation
under (whether immediately, upon the giving of notice or lapse of time or both) any prior employment agreement, contract, or other
instrument to which the Executive is a party or by which she is bound.

 

(ii)          The Executive has
the full right, power and legal capacity to enter and deliver this Agreement and to perform her duties and other obligations hereunder.
This Agreement constitutes the legal, valid and binding obligation of the Executive enforceable against him in accordance with
its terms. No approvals or consents of any persons or entities are required for the Executive to execute and deliver this Agreement
or perform her duties and other obligations hereunder.

 

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8.           Termination. The Executive’s
employment hereunder shall be terminated upon the Executive’s death and may be terminated as follows:

 

(a)          The Executive’s
employment hereunder may be terminated by the Board of Directors of the Company for Cause that is not cured by the Executive within
30 days after receipt of written notice by the Company to Executive of such Cause. Any of the following actions by the Executive
shall constitute “Cause”:

 

(i)          The continued willful,
intentional failure, willful disregard or willful refusal by the Executive to perform her duties hereunder;

 

(ii)         Any willful, intentional
grossly negligent act by the Executive having the effect of injuring, in a material way (whether financial or otherwise and as
determined in good-faith by a majority of the Board of Directors of the Company), the business or reputation of the Company or
any of its affiliates, including but not limited to, any officer, director, executive or shareholder of the Company or any of its
affiliates;

 

(iii)        Willful and intentional
misconduct by the Executive in respect of the duties or obligations of the Executive under this Agreement, including insubordination
with respect to the lawful directions received by the Executive from the Board of Directors of the Company;

 

(iv)        The Executive’s
conviction of any felony or a misdemeanor involving moral turpitude (including entry of a nolo contendere plea);

 

(v)         The determination by
the Company, after diligent investigation by the Company following a written allegation by another employee of the Company, that
the Executive engaged in harassment prohibited by law (including, without limitation, age, sex or race discrimination), unless
the Executive’s actions were specifically directed in writing by the Board of Directors of the Company;

 

(vi)        Any misappropriation
or embezzlement of the property of the Company or its affiliates (whether or not a misdemeanor or felony); and

 

(vii)       Breach by the Executive of any of the
provisions of Sections 5, 6, or 7 of this Agreement; and

 

(viii)      A material breach
by the Executive of any provision of this Agreement other than those contained in Sections 5, 6, or 7 which is not cured by the
Executive within thirty (30) days after written notice thereof is given to the Executive by the Company.

 

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(b)          The Executive’s
employment hereunder may be terminated by the Board of Directors of the Company due to the Executive’s Disability. For purposes
of this Agreement, a termination for “Disability” shall occur (i) when the Board of Directors of the Company
has provided a written termination notice to the Executive supported by a written statement from a reputable independent physician
to the effect that the Executive shall have become so physically or mentally incapacitated as to be unable to resume, within the
ensuing nine (9) months, her employment hereunder by reason of physical or mental illness or injury, or (ii) upon rendering of
a written termination notice by the Board of Directors of the Company after the Executive has been unable to substantially perform
her duties hereunder for 90 or more consecutive days, or more than 120 days in any consecutive twelve month period, by reason of
any physical or mental illness or injury. For purposes of this Section 8(b), the Executive agrees to make himself available and
to cooperate in any reasonable examination by a reputable independent physician retained by the Company.

 

(c)          The Executive’s
employment hereunder may be terminated by the Board of Directors of the Company (or its successor) upon the occurrence of a Change
of Control. For purposes of this Agreement, “Change of Control” means (i) the acquisition, directly or indirectly,
following the date hereof by any person (as such term is defined in Section 13(d) and 14(d)(2) of the Securities Exchange Act of
1934, as amended), in one transaction or a series of related transactions, of securities of the Company representing in excess
of fifty percent (50%) or more of the combined voting power of the Company’s then outstanding securities if such person or
her or its affiliate(s) do not own in excess of 50% of such voting power on the date of this Agreement, or (ii) the future disposition
by the Company (whether direct or indirect, by sale of assets or stock, merger, consolidation or otherwise) of all or substantially
all of its business and/or assets in one transaction or series of related transactions (other than a merger effected exclusively
for the purpose of changing the domicile of the Company).

 

(d)          The Executive’s
employment hereunder may be terminated by the Executive for Good Reason. For purposes of this Agreement, “Good Reason”
shall mean (i) any material breach by the Company of this Agreement that is not cured by the Company within 30 days after receipt
of written notice by Executive to the Company of such material breach; or (ii) any material diminution in the duties, responsibilities,
rights, or privileges, which were applicable to and enjoyed by the Executive at the commencement of the Term, without the consent
of the Executive, except as a result of the termination of the Executive’s employment by the Company.

 

(e)          The Executive’s
employment may be terminated by the Company or by the Executive without Cause at any time.

 

9.           Compensation upon Termination.

 

(a)          If the Executive’s
employment is terminated as a result of her death or Disability, the Company shall pay to the Executive or to the Executive’s
estate, as applicable, her Base Salary and any accrued but unpaid Bonus and expense reimbursement amounts through the date of her
Death or Disability, and a lump sum payment equal to three times the Base Salary (at the time her Death or Disability occurs) within
30 days of her Death or Disability. In the event the Company does not have the cash flow to pay such amount (as determined by the
Board of Directors of the Company in writing) within 30 days as set forth above, the Company may make such payments over 12 equal
monthly installments.

 

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(b)          If the Executive’s
employment is terminated by the Board of Directors of the Company for Cause, then the Company shall pay to the Executive her Base
Salary through the date of her termination and the Executive shall have no further entitlement to any other compensation or benefits
from the Company.

 

(c)          If the Executive’s
employment is terminated by the Company (or its successor) upon the occurrence of a Change of Control or within six (6) months
thereafter, the Company (or its successor, as applicable) shall (i) continue to pay to the Executive her Base Salary for a period
of 24 months following such termination, (ii) pay the Executive any accrued and any earned but unpaid Bonus, (iv) pay the Executive
the Bonus she would have earned had she remained with the Company for six (6) months from the date which such termination occurs,
and (iv) pay expense reimbursement amounts through the date of termination. All Stock Options that have not vested as of the date
of such termination shall be accelerated and deemed to have vested as of such termination date and shall remain exercisable for
a period as outlined in the Company’s Stock Option program.

 

(d)          If the Executive’s
employment is terminated by the Company without Cause, or by the Executive for Good Reason, or if this Agreement is not renewed
pursuant to Section 2 above, then the Company shall (i) pay Executive a single lump sum cash payment within five business days
of such termination equal to the Base Salary which would be payable to the Executive hereunder for the remainder of the Term (but
in no event less than four times the Base Salary then in effect) regardless of when such termination occurs, and (ii) pay Executive
the Bonus she would have earned had she remained with the Company for the longer of six (6) months from the date which such termination
occurs or the end of such calendar year, and (iii) pay Executive any expense reimbursement amounts owed, and payment for any unused
vacation days, through the date of termination. All Stock Options that are scheduled to vest in the contract year of the date of
such termination shall be accelerated and deemed to have vested as of the termination date. All Stock Options that have not vested
(or deemed to have vested pursuant to the preceding sentence) shall be deemed expired, null and void. Any Stock Options that have
vested as of the date of termination shall remain exercisable for a period as outlined in the Company’s Stock Option program.

 

(e)          This Agreement sets
forth the only obligations of the Company with respect to the termination of the Executive’s employment with the Company,
and the Executive acknowledges that, upon the termination of her employment, she shall not be entitled to any payments or benefits
which are not explicitly provided for herein.

 

(f)           The provisions of this
Section 9 shall survive any termination of this Agreement.

 

10.         Miscellaneous.

 

(a)          This Agreement shall
be governed by, and construed and interpreted in accordance with, the laws of the State of California, without giving effect to
its principles of conflicts of laws.

 

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(b)          Any dispute arising
out of, or relating to, this Agreement or the breach thereof (other than Sections 5 or 6 hereof), or regarding the interpretation
thereof, shall be finally settled by arbitration conducted in California in accordance with the rules of the American Arbitration
Association then in effect before a single arbitrator appointed in accordance with such rules. Judgment upon any award rendered
therein may be entered and enforcement obtained thereon in any court having jurisdiction. The arbitrator shall have authority to
grant any form of appropriate relief, whether legal or equitable in nature, including specific performance. For the purpose of
any judicial proceeding to enforce such award or incidental to such arbitration or to compel arbitration and for purposes of Sections
5 and 6 hereof, the parties hereby submit to the non-exclusive jurisdiction of the Supreme Court of the State of Polk County, and
agree that service of process in such arbitration or court proceedings shall be satisfactorily made upon it if sent by registered
mail addressed to it at the address referred to in paragraph (g) below. Each party shall be responsible for its/her own attorney’s
fees in such arbitration, and all of the costs and expenses incurred with respect to the arbitration proceeding (except for the
filing fee, which shall be borne solely by the party commencing the arbitration) shall be divided equally between the parties.
Judgment on the arbitration award may be entered by any court of competent jurisdiction.

 

(c)          This Agreement shall
be binding upon and inure to the benefit of the parties hereto, and their respective heirs, legal representatives, successors and
assigns.

 

(d)          This Agreement, and
the Executive’s rights and obligations hereunder, may not be assigned by the Executive. The Company may assign its rights,
together with its obligations, hereunder in connection with any sale, transfer or other disposition of all or substantially all
of its business or assets or other Change of Control.

 

(e)          This Agreement cannot be amended orally,
or by any course of conduct or dealing, but only by a written agreement signed by the parties hereto.

 

(f)           The failure of either
party to insist upon the strict performance of any of the terms, conditions and provisions of this Agreement shall not be construed
as a waiver or relinquishment of future compliance therewith, and such terms, conditions and provisions shall remain in full force
and effect. No waiver of any term or condition of this Agreement on the part of either party shall be effective for any purpose
whatsoever unless such waiver is in writing and signed by such party.

 

(g)          All notices, requests,
consents and other communications, required or permitted to be given hereunder, shall be in writing and shall be delivered personally
or by an overnight courier service or sent by registered or certified mail, postage prepaid, return receipt requested, to the parties
at the addresses set forth on the first page of this Agreement, and shall be deemed given when so delivered personally or by overnight
courier, or, if mailed, five days after the date of deposit in the United States mails. Either party may designate another address,
for receipt of notices hereunder by giving notice to the other party in accordance with this paragraph (g).

 

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(h)          This Agreement sets
forth the entire agreement and understanding of the parties relating to the subject matter hereof, and supersedes all prior agreements,
arrangements and understandings, written or oral, relating to the subject matter hereof which shall be deemed null and void. No
representation, promise or inducement has been made by either party that is not embodied in this Agreement, and neither party shall
be bound by or liable for any alleged representation, promise or inducement not so set forth.

 

(i)           As used in this Agreement,
“affiliate” of a specified Person shall mean and include any Person controlling, controlled by or under common control
with the specified Person.

 

(j)           The section headings
contained herein are for reference purposes only and shall not in any way affect the meaning or interpretation of this Agreement.

 

(k)          This Agreement may be executed
in any number of counterparts, each of which shall constitute an original, but all of which together shall constitute one and the
same instrument.

 

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

 

	 	Yappa World Incorporated
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	Executive
	 	 	 
	 	By:	 
	 	Name:	 

  

    	 	11 | PageExhibit 10.2

 

AGREEMENT

 

This Agreement (this “Agreement”),
dated as of January 1, 2017 (the “Effective Date”), by and between Yappa World Incorporated, a Delaware corporation
with principal offices at 4201 Via Marina, Unit D402, Marina Del Rey, CA 90292 (the “Company”), and Kiaran Sim (“Sim”).

 

WITNESSETH:

 

WHEREAS, the Company desires to retain Sim
as Chief Operating Officer of the Company, and Sim desires to serve the Company in such capacity, upon the terms and subject to
the conditions contained in this Agreement;

 

NOW, THEREFORE, in consideration of the mutual covenants and agreements
herein contained, the parties hereto hereby agree as follows:

 

1.           Retention.
This Agreement shall replace and supersede any other agreements between the Company and Sim, which are deemed terminated as of
the date hereof. Sim shall continue to be retained by the Company as Chief Operating Officer. Sim shall perform such duties as
are consistent with his position as Chief Operating Officer (as applicable, the “Services”). Sim agrees to perform
such duties faithfully, to devote such of his working time, attention and energies to the business of the Company as is required
to fulfill such duties, and while he remains retained by the Company, not to engage in any other business activity that is in conflict
with his duties and obligations to the Company.

 

2.           Term.
The term of this Agreement (the “Term”) shall commence as of the Effective Date and shall continue for three years
unless sooner terminated pursuant to Section 8 of this Agreement. Notwithstanding anything to the contrary contained herein, the
provisions of this Agreement governing protection of Confidential Information shall continue in effect as specified in Section
5 hereof and survive the expiration or termination hereof.

 

3.           Best
Efforts; Place of Performance.

 

(a)          Sim
shall devote such of his business time, attention and energies to the business and affairs of the Company and shall use his best
efforts to advance the best interests of the Company and shall not during the Term be actively engaged in any other business activity,
whether or not such business activity is pursued for gain, profit or other pecuniary advantage, that will interfere with the performance
by Sim of his duties hereunder or Sim’s availability to perform such duties or that will adversely affect, or negatively
reflect upon, the Company.

 

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(b)          The duties to be performed by Sim hereunder shall be performed primarily at the office of the Company, subject to reasonable travel
requirements on behalf of the Company, or such other place as the Company may reasonably designate.

 

4.           Compensation.
As full compensation for the performance by Sim of his duties under this Agreement, the Company shall pay Sim as follows:

 

(a)          Fees.
The Company shall pay Sim Eight Thousand Dollars ($8,000) per month while this Agreement remains in effect; the payment shall be
made on or before the fifth day of every month this Agreement remains in effect. Such amount will increase annually on January
1 of each year during the term of this Agreement, a minimum of five percent (5%) per annum or such greater amount as determined
by the Board.

 

(b)          Expenses.
The Company shall reimburse Sim in a timely manner for all normal, usual and necessary expenses incurred by Sim in furtherance
of the business and affairs of the Company, including reasonable travel and entertainment and necessary travel-related medical
expenses, upon timely receipt by the Company of appropriate vouchers or other proof of Sim’s expenditures and otherwise in
accordance with any expense reimbursement policy as may from time to time be adopted by the Company.

 

(c)          Bonus.
Sim shall be entitled to such bonus as determined annually by the Board of Directors, but in no event shall such annual bonus be
less than twenty five percent (25%) of the then current annual compensation in effect as set forth in Section 4(a) above.

 

(d)          Vacation.
During the term of this Agreement, Sim shall be be entitled to twenty (20) days’ vacation per annum, in addition to holidays
observed by the Company. Sim shall not be entitled to carry any vacation forward to the next year and shall not receive any compensation
for unused vacation days.

 

5.           Confidential
Information and Inventions.

 

(a)          Sim
recognizes and acknowledges that in the course of his duties he is likely to receive confidential or proprietary information
owned by the Company, its affiliates or third parties with whom the Company or any such affiliates has an obligation of
confidentiality. Accordingly, during and after the Term, Sim agrees to keep confidential and not disclose or make accessible
to any other person or use for any other purpose other than in connection with the fulfillment of his duties under this
Agreement, any Confidential and Proprietary Information (as defined below) owned by, or received by or on behalf of, the
Company or any of its affiliates. “Confidential and Proprietary Information” shall include, but shall not be
limited to, confidential or proprietary scientific or technical information, data, and related concepts, business plans (both
current and under development), client lists, promotion and marketing programs, trade secrets, or any other confidential or
proprietary business information relating to development programs, costs, revenues, marketing, investments, sales activities,
promotions, credit and financial data, manufacturing processes, financing methods, plans or the business and affairs of the
Company or of any affiliate or client of the Company. Sim expressly acknowledges the trade secret status of the Confidential
and Proprietary Information and that the Confidential and Proprietary Information constitutes a protectable business interest
of the Company. Sim agrees: (i) not to use any such Confidential and Proprietary Information for himself or others; and (ii)
not to take any Company material or reproductions (including but not limited to writings, correspondence, notes, drafts,
records, invoices, technical and business policies, computer programs or disks) thereof from the Company’s offices at
any time during the Term, except as required in the execution of Sim’s duties to the Company. Sim agrees to return
immediately all Company material and reproductions (including but not limited, to writings, correspondence, notes, drafts,
records, invoices, technical and business policies, computer programs or disks) thereof in his possession to the Company upon
request and in any event immediately upon termination of this Agreement.

 

    	 	2 | Page

     

    

 

(b)          Except
with prior written authorization by the Company, Sim agrees not to disclose or publish any of the Confidential and Proprietary
Information, or any confidential, technical or business information of any other party to whom the Company or any of its affiliates
owes an obligation of confidence, at any time during or after the Term of this Agreement. Confidential and Proprietary Information
shall not include any information or data which (i) was in the receiving party's lawful possession prior to the submission thereof
by the other party, (ii) is later lawfully made available to the receiving party by a third party having no obligation of secrecy
to the other party, (iii) is independently developed by the receiving party, or (iv) is or later becomes available to the public
through no act or failure to act by the receiving party in violation of this Agreement. If the receiving party is required to disclose
Confidential and Proprietary Information of the other party by a regulatory authority, governmental agency or by a proper order
of a court of competent jurisdiction, to the extent legally permissible the receiving party shall promptly notify the other party
of such demand and tender to it the defense of such demand, use commercially reasonable efforts to minimize such disclosure and,
at the disclosing party's cost, consult with and assist the disclosing party in obtaining a protective order prior to such disclosure.
Notwithstanding the foregoing, either party may disclose the Confidential and Proprietary Information to any court or arbitrator
having jurisdiction over any dispute between the parties hereto related to the subject matter hereof.

 

(c)          Sim
agrees that all inventions, discoveries, improvements and patentable or copyrightable works initiated, conceived or made by his,
either alone or in conjunction with others, through the use of the resources of the Company or directly related to the business
of the Company that qualify as “work made for hire” as defined in 17 U.S.C. § 101 (1976), as amended, during
the Term (the “Inventions”) shall be the sole property of the Company to the maximum extent permitted by applicable
law. The Company shall be the sole owner of all patents, copyrights, trade secret rights, and other intellectual property or other
rights in the Inventions. Sim hereby assigns to the Company all right, title and interest he may have or acquire in all such Inventions;
provided, however, that the Board of Directors of the Company may in its sole discretion agree to waive the Company’s rights
pursuant to this Section 6(c). Sim further agrees to assist the Company in every proper way (but at the Company’s [sole]
expense) to obtain and from time to time enforce patents, copyrights or other rights on such Inventions in any and all countries,
and to that end Sim will execute all documents necessary (even after termination of this Agreement):

 

    	 	3 | Page

     

    

 

(i)          to
apply for, obtain and vest in the name of the Company alone (unless the Company otherwise directs) letters patent, copyrights or
other analogous protection in any country throughout the world and when so obtained or vested to renew and restore the same; and

 

(ii)        
to defend any opposition proceedings in respect of such applications and any opposition proceedings or petitions or applications
for revocation of such letters patent, copyright or other analogous protection.

 

(d)          Sim
acknowledges that while performing the Services under this Agreement Sim may locate, identify and/or evaluate patented or patentable
inventions, discoveries, improvements and patentable or copyrightable works, intellectual property or other business opportunities
(the “Third Party Inventions”) having commercial potential and other fields which may be of potential interest to the
Company or one of its affiliates. Sim understands, acknowledges and agrees that all rights to, interests in or opportunities regarding,
all Third-Party Inventions identified by the Company, any of its affiliates or either of the foregoing persons’ officers,
directors, employees, agents or consultants during the Term shall be and remain the sole and exclusive property of the Company
or such affiliate and Sim shall have no rights whatsoever to such Third-Party Inventions and will not pursue for
herself or for others any transaction relating to the Third-Party Inventions which is not
on behalf of the Company. Notwithstanding the foregoing, if the Company, having been presented with the opportunity by Sim to pursue
such Third Party Inventions chooses not to do so, then Sim may pursue such Third Party Inventions herself without accounting to
the Company therefore. Nothing in this Agreement will restrict Sim’s use of Third Party Inventions that (i) are or
become publicly available through no breach of this Agreement; (ii) are previously known to Sim; (iii) are acquired by Sim through
work performed outside the scope of this Agreement; or (iv) are unrelated to the business of the Company, its affiliates or subsidiaries.

 

(e)          Sim
agrees that he will promptly disclose to the Company, or any persons designated by the Company, all improvements, Inventions made
or conceived or reduced to practice or learned by his, either alone or jointly with others, during the Term.

 

(f)           The
provisions of this Section 5 shall survive any termination of this Agreement.

 

6.           Non-Competition,
Non-Solicitation and Non-Disparagement.

 

(a)          During
the Term and for a period of 24 months thereafter, Sim shall not, directly or indirectly, without the prior written consent of
the Company:

 

    	 	4 | Page

     

    

 

(i)          solicit
or induce any employee or consultant of the Company, or any of its affiliates to leave the Company or any such affiliate; or hire
for any purpose any employee or consultant of the Company or any affiliate or any employee who has left the Company or any affiliate,
within one year of the termination of such persons relationship with the Company or any such affiliate, or at any time in violation
of such employee or consultant’s non-competition agreement with the Company or any such affiliate; or

 

(ii)         solicit
or accept employment or be retained by any Person who, at any time during the term of this Agreement, was an agent, employee, consultant,
client or customer of the Company or any of its affiliates where his position will be related to the business of the Company or
any such affiliate; or

 

(iii)        solicit
or accept the business of any agent, employee, consultant, client or customer of the Company or any of its affiliates with respect
to products or services which compete directly with the products or services provided or supplied by the Company or any of its
affiliates.

 

(b)          The
Company and Sim each agree that both during the Term and at all times thereafter, neither party shall directly or indirectly disparage,
whether or not true, the name or reputation of the other party or any of its affiliates, including but not limited to, any officer,
director, employee or controlling shareholder (which shall mean a shareholder owning greater than ten percent (10%) of the outstanding
securities of the Company). of the Company.

 

(c)          In
the event that Sim breaches any provisions of Section 5 or this Section 6 or there is a threatened breach, then, in addition to
any other rights which the Company may have, the Company shall be entitled, without the posting of a bond or other security, to
seek injunctive relief to enforce the restrictions contained in such Sections, in addition to any other remedies at law or in equity
to which the Company may be entitled.

 

(d)          Each
of the rights and remedies enumerated in Section 6(c) shall be independent of the others and shall be in addition to and not in
lieu of any other rights and remedies available to the Company at law or in equity. If any of the covenants contained in this Section
6, or any part of any of them, is hereafter construed or adjudicated to be invalid or unenforceable, the same shall not affect
the remainder of the covenant or covenants or rights or remedies which shall be given full effect without regard to the invalid
portions. If any of the covenants contained in this Section 6 is held to be invalid or unenforceable because of the duration of
such provision or the area covered thereby, the parties agree that the court making such determination shall have the power to
reduce the duration and/or area of such provision and in its reduced form such provision shall then be enforceable.

 

(e)          In
the event that an actual proceeding is brought in equity to enforce the provisions of Section 5 or this Section 6, Sim shall not
use as a defense that there is an adequate remedy at law nor shall the Company be prevented from seeking any other remedies which
may be available.

 

    	 	5 | Page

     

    

 

(f)           The
provisions of this Section 6 shall survive any termination of this Agreement.

 

7.           Representations
and Warranties by Sim. Sim hereby represents and warrants to the Company as follows:

 

(a)          To
Sim’s knowledge, neither the execution or delivery of this Agreement nor the performance by Sim of his duties and other obligations
hereunder violate or will violate any statute, law, determination or award, or conflict with or constitute a default or breach
of any covenant or obligation under (whether immediately, upon the giving of notice or lapse of time or both) any prior agreement,
contract, or other instrument to which Sim is a party or by which he is bound.

 

(b)          Sim
has the full right, power and legal capacity to enter and deliver this Agreement and to perform his duties and other obligations
hereunder. This Agreement constitutes the legal, valid and binding obligation of Sim enforceable against his in accordance with
its terms. No approvals or consents of any persons or entities are required for Sim to execute and deliver this Agreement or perform
his duties and other obligations hereunder.

 

8.           Termination.
This Agreement shall be upon Sim’s death and may be terminated as follows:

 

(a)          by the Board of Directors
of the Company for Cause that is not cured by Sim within 30 days after receipt of written notice by the Company to Sim of such
Cause. Any of the following actions by Sim shall constitute “Cause”:

 

(i)          The continued willful,
intentional failure, willful disregard or willful refusal by Sim to perform his duties hereunder;

 

(ii)         Any willful, intentional
grossly negligent act by Sim having the effect of injuring, in a material way (whether financial or otherwise and as determined
in good-faith by a majority of the Board of Directors of the Company), the business or reputation of the Company or any of its
affiliates, including but not limited to, any officer, director, Sim or shareholder of the Company or any of its affiliates;

 

(iii)        Willful and intentional
misconduct by Sim in respect of the duties or obligations of Sim under this Agreement, including insubordination with respect to
the lawful directions received by Sim from the Board of Directors of the Company;

 

(iv)        Sim’s conviction
of any felony or a misdemeanor involving moral turpitude (including entry of a nolo contendere plea);

 

(v)         The determination by
the Company, after diligent investigation by the Company following a written allegation by another employee of the Company, that
Sim engaged in harassment prohibited by law (including, without limitation, age, sex or race discrimination), unless Sim’s
actions were specifically directed in writing by the Board of Directors of the Company;

 

    	 	6 | Page

     

    

 

(vi)        Any misappropriation
or embezzlement of the property of the Company or its affiliates (whether or not a misdemeanor or felony); and

 

(vii)       Breach by Sim of any of the provisions
of Sections 5, 6, or 7 of this Agreement; and

 

(viii)      A material breach
by Sim of any provision of this Agreement other than those contained in Sections 5, 6, or 7 which is not cured by Sim within thirty
(30) days after written notice thereof is given to Sim by the Company.

 

(b)          by the Board of Directors
of the Company due to Sim’s Disability. For purposes of this Agreement, a termination for “Disability”
shall occur (i) when the Board of Directors of the Company has provided a written termination notice to Sim supported by a written
statement from a reputable independent physician to the effect that Sim shall have become so physically or mentally incapacitated
as to be unable to resume, within the ensuing nine (9) months, his duties hereunder by reason of physical or mental illness or
injury, or (ii) upon rendering of a written termination notice by the Board of Directors of the Company after Sim has been unable
to substantially perform his duties hereunder for 90 or more consecutive days, or more than 120 days in any consecutive twelve
month period, by reason of any physical or mental illness or injury. For purposes of this Section 8(b), Sim agrees to make himself
available and to cooperate in any reasonable examination by a reputable independent physician retained by the Company.

 

(c)          by the Board of Directors
of the Company (or its successor) upon the occurrence of a Change of Control. For purposes of this Agreement, “Change
of Control” means (i) the acquisition, directly or indirectly, following the date hereof by any person (as such term
is defined in Section 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended), in one transaction or a series of
related transactions, of securities of the Company representing in excess of fifty percent (50%) or more of the combined voting
power of the Company’s then outstanding securities if such person or his or its affiliate(s) do not own in excess of 50%
of such voting power on the date of this Agreement, or (ii) the future disposition by the Company (whether direct or indirect,
by sale of assets or stock, merger, consolidation or otherwise) of all or substantially all of its business and/or assets in one
transaction or series of related transactions (other than a merger effected exclusively for the purpose of changing the domicile
of the Company).

 

(d)          by Sim for Good Reason.
For purposes of this Agreement, “Good Reason” shall mean (i) any material breach by the Company of this Agreement
that is not cured by the Company within 30 days after receipt of written notice by Sim to the Company of such material breach;
or (ii) any material diminution in the duties, responsibilities, rights, or privileges, which were applicable to and enjoyed by
Sim at the commencement of the Term, without the consent of Sim, except as a result of the termination of Sim by the Company.

 

    	 	7 | Page

     

    

 

(e)          terminated by the Company
or by Sim without Cause at any time.

 

9.           Compensation upon Termination.

 

(a)          If terminated as a
result of his death or Disability, the Company shall pay to Sim or to Sim’s estate, as applicable, an amount equal to his
unpaid compensation set forth in Section 4(a) above then in effect, and any accrued but unpaid Bonus and expense reimbursement
amounts through the date of his Death or Disability, and a lump sum payment equal to three times the annual (multiplying the amount
then in effect pursuant to Section 4(a) above by 12) compensation then in effect pursuant to Section 4(a) above (at the time his
Death or Disability occurs) within 30 days of his Death or Disability. In the event the Company does not have the cash flow to
pay such amount (as determined by the Board of Directors of the Company in writing) within 30 days as set forth above, the Company
may make such payments over 12 equal monthly installments.

 

(b)          If terminated by the
Board of Directors of the Company for Cause, then the Company shall pay to Sim his compensation set forth in Section 4(a) above
then in effect through the date of his termination and Sim shall have no further entitlement to any other compensation or benefits
from the Company.

 

(c)          If terminated by the
Company (or its successor) upon the occurrence of a Change of Control or within six (6) months thereafter, the Company (or its
successor, as applicable) shall (i) continue to pay to Sim his compensation set forth in Section 4(a) above then in effect for
a period of 24 months following such termination, (ii) pay Sim any accrued and any earned but unpaid Bonus, (iv) pay Sim the Bonus
he would have earned had he remained with the Company for six (6) months from the date which such termination occurs, and (iv)
pay expense reimbursement amounts through the date of termination. All Stock Options that have not vested as of the date of such
termination shall be accelerated and deemed to have vested as of such termination date and shall remain exercisable for a period
as outlined in the Company’s Stock Option program.

 

(d)          If terminated by the
Company without Cause, or by Sim for Good Reason, or if this Agreement is not renewed pursuant to Section 2 above, then the Company
shall (i) pay Sim a single lump sum cash payment within five business days of such termination equal to the compensation set forth
in Section 4(a) above then in effect which would be payable to Sim hereunder for the remainder of the Term (but in no event less
than two times such amount as calculated on an annualized basis) regardless of when such termination occurs, and (ii) pay Sim the
Bonus he would have earned had he remained with the Company for the longer of six (6) months from the date which such termination
occurs or the end of such calendar year, and (iii) pay Sim any expense reimbursement amounts owed, and payment for any unused vacation
days, through the date of termination. All Stock Options that are scheduled to vest in the contract year of the date of such termination
shall be accelerated and deemed to have vested as of the termination date. All Stock Options that have not vested (or deemed to
have vested pursuant to the preceding sentence) shall be deemed expired, null and void. Any Stock Options that have vested as of
the date of termination shall remain exercisable for a period as outlined in the Company’s Stock Option program.

 

    	 	8 | Page

     

    

 

(e)          This Agreement sets
forth the only obligations of the Company with respect to the termination with the Company, and Sim acknowledges that, upon the
termination, he shall not be entitled to any payments or benefits which are not explicitly provided for herein.

 

(f)           The provisions of this
Section 9 shall survive any termination of this Agreement.

 

9.           Miscellaneous.

 

(a)          This
Agreement shall be exclusively governed by, and construed and interpreted in accordance with, the laws of the State of California,
without giving effect to its principles of conflicts of laws.

 

(b)          Any
dispute arising out of, or relating to, this Agreement or the breach thereof (other than Sections 5 or 6 hereof), or regarding
the interpretation thereof, shall be finally settled by arbitration conducted in California in accordance with the rules of the
American Arbitration Association then in effect before a single arbitrator appointed in accordance with such rules. Judgment upon
any award rendered therein may be entered and enforcement obtained thereon in any court having jurisdiction. The arbitrator shall
have authority to grant any form of appropriate relief, whether legal or equitable in nature, including specific performance. For
the purpose of any judicial proceeding to enforce such award or incidental to such arbitration or to compel arbitration and for
purposes of Sections 5 and 6 hereof, the parties hereby submit to the non-exclusive jurisdiction of the Supreme Court in the State
of California, and agree that service of process in such arbitration or court proceedings shall be satisfactorily made upon it
if sent by registered mail addressed to it at the address referred to in paragraph (g) below. Each party shall be responsible for
its/his own attorney’s fees in such arbitration, and all of the costs and expenses incurred with respect to the arbitration
proceeding (except for the filing fee, which shall be borne solely by the party commencing the arbitration) shall be divided equally
between the parties. Judgment on the arbitration award may be entered by any court of competent jurisdiction.

 

(c)          This
Agreement shall be binding upon and inure to the benefit of the parties hereto, and their respective heirs, legal representatives,
successors and assigns.

 

(d)          This
Agreement, and Sim’s rights and obligations hereunder, may not be assigned by Sim. The Company may assign its rights, together
with its obligations, hereunder in connection with any sale, transfer or other disposition of all or substantially all of its business
or assets or other change of control.

 

(e)          This
Agreement cannot be amended orally, or by any course of conduct or dealing, but only by a written agreement signed by the parties
hereto.

 

    	 	9 | Page

     

    

 

(f)           The
failure of either party to insist upon the strict performance of any of the terms, conditions and provisions of this Agreement
shall not be construed as a waiver or relinquishment of future compliance therewith, and such terms, conditions and provisions
shall remain in full force and effect. No waiver of any term or condition of this Agreement on the part of either party shall be
effective for any purpose whatsoever unless such waiver is in writing and signed by such party.

 

(g)          All
notices, requests, consents and other communications, required or permitted to be given hereunder, shall be in writing and shall
be delivered personally or by an overnight courier service or sent by registered or certified mail, postage prepaid, return receipt
requested, to the parties at the addresses set forth on the first page of this Agreement, and shall be deemed given when so delivered
personally or by overnight courier, or, if mailed, five days after the date of deposit in the United States mails. Either party
may designate another address for receipt of notices hereunder by giving notice to the other party in accordance with this subparagraph
(g).

 

(h)          This
Agreement sets forth the entire agreement and understanding of the parties relating to the subject matter hereof, and supersedes
all prior agreements, arrangements and understandings, written or oral, relating to the subject matter hereof. No representation,
promise or inducement has been made by either party that is not embodied in this Agreement, and neither party shall be bound by
or liable for any alleged representation, promise or inducement not so set forth.

 

(i)           As
used in this Agreement, "affiliate" of a specified Person shall mean and include any Person controlling, controlled by
or under common control with the specified Person.

 

(j)           The
section headings contained herein are for reference purposes only and shall not in any way affect the meaning or interpretation
of this Agreement.

 

(k)          This
Agreement may be executed in any number of counterparts, each of which shall constitute an original, but all of which together
shall constitute one and the same instrument.

 

    	 	10 | Page

     

    

 

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

 

	Yappa World Incorporated	 
	 	 	 
	By:	 	 
	Name:	Jennifer Dyer	 
	Title:	President, CEO	 
	 	 	 
	By:	 	 
	Name:	Kiaran Sim	 
	Title:	Chief Operating Officer	 

  

    	 	11 | Page

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