Document:

ASSET PURCHASE
AGREEMENT

     

    This
Asset Purchase Agreement (this “Agreement”) is made
as of November 10, 2010, by and between Global Axcess Corp, a Nevada
corporation (“Buyer”), and Tejas
Video Partners, LTD, a Texas company (“Seller”).  Buyer and Seller are
sometimes referred to individually as a “Party” and together
as the “Parties.”

     

    PRELIMINARY
STATEMENTS:

     

    Seller is in the business of installing
and operating DVD rental kiosks (the “Business”).  Seller desires to
assign and sell, and Buyer has agreed to assume and purchase various assets of
Seller, used in the Business and described in more detail herein.

    

    NOW, THEREFORE, in consideration of
these preliminary statements and the mutual covenants, representations,
warranties and agreements expressed herein and hereinafter set forth, and for
other good and valuable consideration, the receipt and sufficiency of which the
Parties hereby acknowledge, the Parties hereby agree as follows:

    

    1.           Purchased
Assets; Excluded Assets; Assumption of Liabilities.

     

    1.1         Purchased Assets and
Rights.  Subject to the terms and conditions of this Agreement,
on the Closing Date (as defined in Section 3.1), Seller will sell to Buyer, and
Buyer will purchase the following assets from Seller (collectively, the “Purchased
Assets”):

     

    (a)           all
of Seller’s right, title and interest in and to the customer agreements listed
in Exhibit 1.1(a) attached hereto (the “Customer
Agreements”);

     

    (b)          all
of Seller’s right, title and interest in and to the vendor agreements listed in
Exhibit 1.1(b) attached hereto (the “Vendor
Agreements”);

     

    (c)           all
DVD inventories owned by Seller and more fully described in Exhibit 1.1(c)
attached hereto;

     

    (d)          all
phone lines, and other communication lines connected to DVD kiosks utilized in
the Business (the “Phone
Lines”);

     

    (e)           all
modems, antennas, and air cards (AT&T, Verizon, etc.) utilized in connection
with the Business listed in Exhibit 1.1(e) attached hereto (the “Kiosk Communications
Equipment”);

     

    (f)           
all of  Seller’s rights in and to any phone numbers utilized in the
Business (the “Phone
Numbers”);

     

    (g)           all
of Seller’s rights in and to the trademark “Tejas Video Partners, LTD” and
all other trademarks and service marks utilized in the Business with Buyer
allowing Seller to use the trademark “Tejas Video Partners, LTD” for nine months
from the Close Date;

     

    (h)           all
of  Seller’s right, title and interest in and to the Seller’s website
located at www.QuickFlixDVD.com, including all content contained therein, and
all intellectual property rights, including without limitation copyrights,
therein, registrations to the domain name (the “Domain Name”) and
e-mail accounts;

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (i)           all
of Seller’s right, title and interest to information related to the Customer
Agreements listed herein, including information with respect to collections from
to the DVD kiosks subject of such agreements (collectively, “Data”).

     

    Seller shall transfer the Purchased
Assets free and clear of all security interests, liens, restrictions, claims,
encumbrances or charges of any kind.

     

    1.2         Limited Liabilities
Assumed.  Buyer, effective as of the Closing Date, will assume
Seller’s rights and obligations arising on or after the Closing Date under (i)
the Customer Agreements, and (ii) the Vendor Agreements, (collectively, the
“Transferred
Agreements”).  Subject to the preceding sentence or except as
otherwise expressly set out in this Agreement, the Parties acknowledge that the
Buyer assumes no other obligations or liabilities of the Seller.

     

    1.3         Excluded
Assets.  Except as expressly set forth herein, the Purchased
Assets shall not include cash in bank, DVD kiosks (other than modems, air cards
and antennas), vehicles, notes or accounts receivable, prepaid accounts,
deposits, the Seller’s corporate office lease, office furniture, fixtures,
computers, telephone equipment (other than Phone Lines), Seller’s warehouse
lease, or any other asset of Seller not related to the Business (collectively,
the “Excluded
Assets”).

     

    2.           Purchase
Price

     

    2.1         Base Purchase Price;
Payment.  In consideration for the sale of the Purchased
Assets, Buyer shall pay Seller the following amounts (the “Base Purchase
Price”):

    

    (a)           At
the Closing, Buyer shall pay Seller eight hundred seventy-five thousand dollars
($875,000) in immediately available funds;

     

    (b)           On
or prior to the six-month anniversary of the Closing, Buyer shall pay Seller
five hundred thousand dollars ($500,000) in immediately available funds (the
“Six-Month Payment”), provided Army & Air Force Exchange Service Customer
Agreement (“AAFES”) has not been cancelled for no fault of Seller ; provided
that if this Agreement is signed by nine o’clock in the morning eastern standard
time on November 10, 2010 Buyer shall pay Seller the “Six-Month Payment” by
April 15, 2011 and any amount of the Six-Month Payment not received by April 15,
2011 will accrue interest at a rate of ten percent (10%) per annum, compounded
annually.  In the event this Agreement is signed after November 10,
2010 and the AAFES is terminated as a result of actions or omissions of Seller,
the Six-Month Payment shall be forfeited and Buyer shall have no obligation
under this Section 2.1(b).

     

    (c)           At
the Closing, Buyer shall deliver to Seller two hundred thousand shares of its
common stock (the “Purchase Shares”).  One hundred thirty four
thousand (134,000) of the Purchase Shares (the “One-Year Restricted
Shares”) will be subject to transfer restrictions for a period of one
year  and the
remaining sixty-six thousand (66,000) Purchase Shares (the “Two-Year Restricted
Shares”) shall be subject to transfer restrictions for a period of two
years, in each case, as set forth in Section 7 hereof.  The Purchase
Shares shall be subject to such other provisions as may be set forth
herein.

     

    (d)           Approximate
allocation of consideration:

     

    
      	
               
      

            	
              (i)

            	
              Customer
      Agreements and other Intellectual Property =
    $1,435,000

            

    

     

    
      	
               
      

            	
              (ii)

            	
              DVD
      Inventories= $26,000

            

    

     

    
      	
               
      

            	
              (iii)

            	
              Wireless
      Modems/Antennas=$10,000

            

    

    

    Asset
Purchase Agreement

    Global
Axcess – Tejas Videos

    

    Initials
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    2.2         Earn-out.  In addition to
the Base Purchase Price, for a period of five years (the “Earn-out Period”)
following the Closing, Buyer shall pay Seller additional purchase price (“Earn-out”) of $3,500 for
each New DVD Kiosk Site that is (i) installed by Buyer pursuant to a Customer
Agreement, and (ii) which site generates $2,000 or more of gross revenues for
any calendar month (the “Earn-out
Threshold”).  New DVD Kiosk Site is defined as a site that does
not have, and did not previously have, a DVD kiosk inside or outside of the
location that is, or was, owned or managed by Seller.  The Earn-out
shall be paid by Buyer on an annual basis (each, an “Earn-out Payment”), within
forty-five days of each of the first five anniversaries following the
Closing.  Each Annual Payment shall be calculated based on newly
installed kiosks that met the Earn-out Threshold during the twelve month period
ending on the preceding anniversary of the Closing.  For the avoidance
of doubt, an Earn-out Payment shall be made with respect to any particular DVD
kiosk site only once, even if such DVD kiosk satisfies the Earn-out Threshold in
more than one twelve-month period during the Earn-out Period.

    

    2.3         Taxes.  All
transfer, sales or similar tax due as a result of this transaction will be paid
by Buyer at the Closing and, if not so paid, shall remain Buyer’s
obligation.

    

    3.          Closing.

     

    3.1         Closing
Date.  Subject to the terms and conditions of this Agreement,
the closing of the transactions (the “Closing”)
contemplated by this Agreement shall occur at a mutually acceptable place and
time within five (5) days after the last of the conditions to Closing set forth
in Sections 6.1 and 6.2 have been satisfied or waived by the Party or Parties
entitled to waive the same, or such other date and time as to which Buyer and
Seller may agree in writing; provided that, at Buyer’s option, the Closing may
take place on or before the last day of the month in which the conditions set
forth in Sections 6.1 and 6.2 have been satisfied (the "Closing
Date").

     

    3.2         Actions to be Taken at the
Closing.  At the Closing, the Parties will take the following
actions and deliver the following documents:

     

    (a)          Seller
will deliver to Buyer:

     

    
      	
               
      

            	
              (i)

            	
              a
      duly executed Assignment and Assumption Agreement, in substantially the
      form attached hereto as Exhibit
3.2(a)(i).

            

    

    

    
      	
               
      

            	
              (ii)

            	
              a
      duly executed bill of sale, in substantially the form attached hereto as
      Exhibit 3.2(a)(ii)

            

    

    

    
      	
               
      

            	
              (iii)

            	
              all
      required consents of third parties to the sale, conveyance, transfer,
      assignment and delivery of the Purchased Assets, including, without
      limitation, the consent of the customers party to the Customer Agreements
      and the vendors party to the Vendor
Agreements.

            

    

    

    
      	
               
      

            	
              (iv)

            	
              non-compete
      agreements in favor of Buyer duly executed by Von Shows, Andrea Shows,
      Damon Johnson, II, David Bosmans, Joseph Turvey and Stephen Oakes, in
      substantially the form attached hereto as Exhibit 3.2(a)(iv), (the
      “Non-Compete Agreements”).

            

    

    

    
      	
               
      

            	
              (v)

            	
              consulting
      agreements by and between Buyer and Von Shows, Exhibit
      3.2(a)(v).

            

    

    

    Asset
Purchase Agreement

    Global
Axcess – Tejas Videos

    

    Initials
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              (vi)

            	
              a
      Transition Services Agreement, duly executed by Seller, pursuant to which
      Seller agrees to provide to Buyer the use of the DVD kiosks currently
      utilized in the Business, for a period not to exceed 6 months, in
      substantially the form attached hereto as Exhibit
    3.2(a)(vi).

            

    

    

    
      	
               
      

            	
              (vii)

            	
              a
      good standing certificate of Seller (dated within ten (10) business days
      prior to the Closing Date), certified by the Secretary of the State of
      Texas.

            

    

    

    
      	
               
      

            	
              (viii)

            	
              a
      secretary’s certificate, certifying the Operating Agreement of Seller and
      resolutions of the Managers and Members of Seller approving the sale of
      the Purchased Assets as contemplated
herein.

            

    

    

    
      	
               
      

            	
              (ix)

            	
              a
      certificate of Von Shows certifying as to the truth and correctness of
      Seller’s representations and warranties as of the Closing Date and that
      all of Seller’s obligations that are to be performed prior to Closing have
      been performed.

            

    

    

    
      	
               
      

            	
              (x)

            	
              (ix)
      an opinion of legal counsel for Seller, substantially in the form attached
      hereto as Exhibit 3.2(a)(x).

            

    

    

    
      	
               
      

            	
              (xi)

            	
              originals
      of each of the Transferred
Agreements.

            

    

    

    
      	
               
      

            	
              (xii)

            	
              assignment
      forms, duly executed by Seller, necessary to transfer to Buyer the Phone
      Numbers and Phone Lines, in form and substance reasonably satisfactory to
      Buyer.

            

    

    

    
      	
               
      

            	
              (xiii)

            	
              Any
      and all Seller marketing material or logo files including electronic files
      thereof.

            

    

    

    
      	
               
      

            	
              (xiv)

            	
              Trademark
      assignment of the brand name “Tejas Video” in form and substance
      satisfactory to Buyer with Buyer allowing Seller to use the trademark
      “Tejas Video” for nine months from the Close
  Date.

            

    

    

    
      	
               
      

            	
              (xv)

            	
              duly
      executed assignment of the registration to the domain name www.quickflixdvd.com
      in form and substance satisfactory to
Buyer.

            

    

    

    
      	
               
      

            	
              (xvi)

            	
              the
      Data.

            

    

    

    
      	
               
      

            	
              (xvii)

            	
              AAFES
      signed Novation Agreement assigning the AAFES to
  Buyer

            

    

    

    (b)          Buyer
will deliver to Seller:

     

    
      	
               
      

            	
              (i)

            	
              a
      duly executed Assignment and Assumption Agreement in substantially the
      form attached as Exhibit 3.2(a)(i).

            

    

    

    
      	
               
      

            	
              (ii)

            	
              the
      portion of the Purchase Price to be paid at the Closing pursuant to
      Section 2.1(a) .

            

    

    

    
      	
            	
              (iii)

            	
              The
      Purchase Shares.

            

    

    

    Asset
Purchase Agreement

    Global
Axcess – Tejas Videos

    

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              (iv)

            	
              a
      secretary’s certificate, certifying resolutions of the board of directors
      of Buyer approving the purchase of the Purchased
  Assets,

            

    

    

    
      	
               
      

            	
              (v)

            	
              an
      officer’s certificate certifying as to the truth and correctness of
      Buyer’s representations and warranties to the best of Buyer’s knowledge as
      of the Closing Date and that all of Buyer’s obligations that are to be
      performed prior to Closing have been
performed.

            

    

    

    (c)          The
Parties will take such other actions and will execute and deliver such other
instruments, documents and certificates as are required by the terms of this
Agreement and the agreements executed in connection herewith (the “Related
Agreements”) or as may be reasonably requested by any Party in connection with
the consummation of the transactions contemplated herein.

     

    4.           Representations;
Warranties.

     

    4.1        Seller
Representations.  Seller represents and warrants to Buyer as of
the date hereof, and as of the Closing Date as follows:

     

    (a)           Seller
is a corporation duly organized, validly existing and in good standing under the
laws of the State of Texas.  Seller has full power and lawful
authority to enter into this Agreement and each of the other documents,
instruments and agreements contemplated herein (the “Related Agreements”),
and to consummate the transactions contemplated hereby and thereby.

     

    (b)           This
Agreement has been and, when executed, the Related Agreements will be, duly
authorized by all necessary action on the part of Seller, including
authorization of its members.  This Agreement constitutes and, when
executed, the Related Agreements each will constitute, the legal, valid and
binding obligation of Seller, enforceable in accordance with their respective
terms.  Seller’s execution, delivery and performance of this Agreement
and the Related Agreements will not (i) constitute a breach or violation of
Seller’s organizational documents, (ii) constitute a breach or violation of any
law, rule, regulation, material agreement, indenture, deed of trust, mortgage,
loan agreement or any material instrument to which Seller is a party, (iii)
constitute a violation of any order, judgment or decree by which Seller is bound
or affected, or (iv) result in a breach or default under any of the Transferred
Agreements or the creation of any lien or charge thereon.

     

    (c)           No
consent, license, approval or authorization of, or filing, registration or
waiver or other action by, any governmental authority or any third party is or
will be required in connection with the execution, delivery or performance by
Seller of this Agreement or any agreement executed in connection herewith except
those consents which Seller shall deliver to Buyer before Closing.

     

    Asset
Purchase Agreement

    Global
Axcess – Tejas Videos

    

    Initials
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    (d)           Exhibit
1.1(a) sets forth a complete list of all of the customer agreements to which
Seller is a party.  Seller has delivered to Buyer a true and correct
copy of each contract included in the Purchased Assets.  Each oral
customer agreement is accurately and completely described in Exhibit
1.1(a).  Each contract included in the Purchased Assets is valid and
enforceable in accordance with its terms against Seller and against the other
party or parties thereto.  There is no suit or proceeding pending or
threatened, relating in any way to any contract included in the Purchased
Assets, or that could otherwise impair Seller’s ability to perform its
obligations hereunder.  Neither Seller nor any other party thereto is
in breach of or in default under any contract included in the Purchased Assets
nor has any notice or claim with respect to any breach or default thereunder
been given.   Seller has not made any oral representations or
warranties to any person with respect to the Purchased Assets, nor has it
offered to provide any services other than what has already been stated in the
Customer Agreements.  No party to a Transferred Agreement has
threatened to terminate such agreement, or indicated any intention not to renew
such agreement upon expiration thereof.

     

    (e)           Seller
has delivered to Buyer profit & loss statements for calendar years 2008 and
2009, and for the period of January 1, 2010 through September 30, 2010 and
balance sheets as of September 30, 2010 (the “Financial
Statements”).  The Financial Statements are true, correct and
complete, and accurately reflect the financial position of Seller and the
results of its operations as of the dates, and for the periods, set forth
therein.

     

    (f)           
Seller has good and marketable title to the Purchased Assets free and clear of
all liens, claims or encumbrances of any kind whatsoever.  All
financial information relating to the Purchased Assets that has been provided by
Seller, or its agents, to Buyer is true, correct and complete.

     

    (g)           Neither
this Agreement nor any schedules, certificates or other document or information
provided by Seller to Buyer in connection with this Agreement or the Related
Agreements or the transactions contemplated hereby contains or will contain any
untrue statement of a material fact or omits any material fact necessary to make
the statements so made not misleading, at the time such statements were made and
through the time of the Closing Date.

     

    (h)           Neither
the Seller, nor any of its members, managers, officers, employees or agents, has
employed any financial advisor, broker or finder or incurred any liability for
any financial advisory, brokerage or finder’s fee or commission in connection
with this Agreement, and the Related Agreements, or the transactions
contemplated by such agreements for which Buyer could become liable or
obligated.

     

    4.2        Buyer
Representations.  Buyer represents and warrants to Seller as
follows:

     

    (a)           Buyer
is a corporation duly organized, validly existing and in good standing under the
laws of the State of Nevada and has the corporate power and authority to enter
into this Agreement and the Related Agreements and to consummate the
transactions contemplated by this Agreement and the Related
Agreements.

     

    (b)           Prior
to the Closing, this Agreement and each Related Agreement will have been duly
authorized by all necessary corporate action on the part of
Buyer.  This Agreement constitutes and, when executed, the Related
Agreements will constitute, the legal, valid and binding obligations of Buyer,
enforceable against Buyer in accordance with their respective
terms.

     

    (c)           Buyer
shall be liable for any financial advisory, brokerage or finder’s fee or
commission in connection with the Agreement, the Related Agreements or the
transactions contemplated by such agreements for which Buyer could become liable
or obligated.

     

    Asset
Purchase Agreement

    Global
Axcess – Tejas Videos

    

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    5.           Certain
Covenants AND AGREEMENTS.

     

    5.1        Agreement with Military Regarding
Commissaries.  Prior to the Closing, Seller will enter into a
written agreement with The Defense Commissary Agency (the “Commissary
Agreement”), pursuant to which Seller will have the exclusive rights to place
DVD kiosks in the commissaries at the army bases located in the continental
United States.  Such agreement shall be in form and substance
satisfactory to Buyer in its sole and absolute discretion and Seller shall
assign such agreement to Buyer at the Closing.

     

    5.2        Approvals and
Consents.  Prior to Closing, Seller will obtain, in writing and
without penalty to Buyer, all necessary approvals and consents required in order
to authorize and approve this Agreement and the Related Agreements, and to
consummate the assignment to, and assumption by, Buyer of the Purchased Assets,
including without limitation the consent for the assignment of the Transferred
Agreements.

     

    5.3        Cooperation.  Each
of the Parties hereto will use its best efforts in good faith to perform and
fulfill all conditions and obligations to be fulfilled or performed by it
hereunder.

     

    5.4        Access to Properties, Records and
Personnel; Inspection.  Seller shall give Buyer and its
counsel, accountants and other representatives full access during normal
business hours to all of the properties, personnel, financial and operating
data, books, tax returns, contracts, commitments and records of Seller to the
extent that they relate to the Purchased Assets.  In addition, Seller
hereby consents to Buyer contacting customers that are parties to the Customer
Agreements to confirm that there have been no oral agreements or representations
made with respect to the Customer Agreements and to discuss the assignment of
the Customer Agreements.  In addition, Buyer, in its sole and absolute
discretion, may interview, and offer employment to, current employees of
Seller.  Such investigation shall not limit Seller’s liability for the
breach of Seller’s representations and warranties herein even if Buyer’s review
did or should have revealed any such breach.

     

    5.5        Operation of Business. From
the date hereof until the Closing Date or the earlier termination of this
Agreement pursuant to Section 8 hereof, Seller will:  (a) operate its
business in the ordinary course; (b) other than as expressly contemplated to the
contrary in this Agreement, use its best efforts to preserve its operations so
that Buyer will obtain the benefits intended to be afforded by this Agreement;
(c) not take  any action which would result in any representation or
warranty of Seller becoming incorrect or untrue in any respect; (d) obtain the
prior written approval of Buyer in connection with all material decisions
affecting the Purchased Assets, or operations thereunder, and (f) notify
Buyer in writing promptly after Seller becomes aware of the occurrence of any
event that might result in any of Seller’s statements, representations and
warranties under this Agreement or any Related Agreement being or becoming
untrue.

     

    5.6        Notices.  Each of
Buyer and Seller will promptly notify the other in writing if it receives any
notice, or otherwise becomes aware, of any action or proceeding instituted or
threatened before any court or governmental agency by any third party to
restrain or prohibit, or obtain damages in respect of this Agreement or any
Related Agreement or the consummation of the transactions contemplated hereby or
thereby.

     

    5.7        Further
Assurances.  Each Party will execute and deliver any further
instruments or documents, and take all further action, reasonably requested by
the other Party to carry out the transactions contemplated by this Agreement and
the Related Agreements.

     

    Asset
Purchase Agreement

    Global
Axcess – Tejas Videos

    

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    5.8        Indemnification.  Seller
will indemnify, defend and hold Buyer, its Affiliates (as defined below) and
their respective stockholders, directors, officers, employees, legal
representatives, agents, successors and assigns (the “Indemnified Parties”)
harmless from and against any and all claims, judgments, damages, penalties,
fines, costs, liabilities, losses and expenses (including, without limitation,
reasonable attorneys’ fees and expenses) incurred by the Indemnified Parties
(collectively, “Losses”) arising from
or directly or indirectly relating to:

     

    (a)           any
breach by Seller of any term or provision of this Agreement or any Related
Agreement, including without limitation, Seller’s representations and warranties
contained herein; or

    

    (b)           Seller’s
performance or breach under any of the Transferred Agreements prior to the
Closing Date; or

    

    (c)           any
claim that any software or trademarks transferred herein infringes any
intellectual property right of any person, or

    

    (d)           any
other expense or liability relating to the Purchased Assets or the Business
arising or occurring prior to the Closing Date

    

    Buyer
will indemnify, defend and hold Seller, its Affiliates (as defined below) and
their respective stockholders, directors, officers, employees, legal
representatives, agents, successors and assigns (the “Buyer Indemnified Parties”)
harmless from and against any and all claims, judgments, damages, penalties,
fines, costs, liabilities, losses and expenses (including, without limitation,
reasonable attorneys’ fees and expenses) incurred by the Buyer Indemnified
Parties (collectively, “Losses”) arising from
or directly or indirectly relating to:

     

    (a)           any
breach by Buyer of any term or provision of this Agreement or any Related
Agreement, including without limitation, Buyer’s representations and warranties
contained herein; or

    

    (b)           Buyer’s
performance or breach under any of the Transferred Agreements after the Closing
Date; or

    

    (c)           any
other expense or liability relating to the Purchased Assets arising or occurring
after the Closing Date.

    

    “Affiliate” means,
with respect to any Person (as hereinafter defined), any Person that controls,
is controlled by or is under common control with such Person, together with its
and their respective members, partners, venturers, directors, officers,
stockholders, agents, employees and spouses.  A Person shall be
presumed to have control when it possesses the power, directly or indirectly, to
direct, or cause the direction of, the management or policies of another Person,
whether through ownership of voting securities, by contract, or
otherwise.  “Person” means an individual, partnership, limited
liability company, association, corporation, or other entity.

    

    5.9         Survival of Representations and
Warranties.  The parties’ representations and warranties
contained herein shall survive the Closing for a period of two (2)
years.

     

    5.10       Exclusivity.  From
the date hereof through the Closing Date or the termination of this Agreement,
whichever first occurs, Seller shall not, nor shall Seller authorize or permit
any of its managers, officers, employees, representatives, agents or Affiliates
to, directly or indirectly, solicit, initiate, encourage, respond favorably to,
permit or condone inquiries or proposals from, or provide any confidential
information to, or participate in any discussions or negotiations with, any
Person (other than Buyer and its directors, officers, employees, representatives
and agents) concerning a sale, assignment or other transfer of the Purchased
Assets, either directly or through purchase of equity merger or other
acquisition structure.

     

    Asset
Purchase Agreement

    Global
Axcess – Tejas Videos

    

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    6.           
CONDITIONS PRECEDENT.

    

    6.1        Conditions to Buyer’s
Obligations.  Buyer’s obligations under this Agreement are
subject to the satisfaction, on or prior to the Closing Date, of each of the
following conditions, any of which may be waived in writing by
Buyer:

    

    (a)           Seller
will have complied with and performed in all material respects its obligations
under this Agreement and the Related Agreements required to be complied with or
performed prior to Closing.

    

    (b)           All
representations and warranties of Seller in this Agreement and the Related
Agreements will be true and correct in all material respects as of the date when
given and on the Closing Date.

    

    (c)           All
consents, approvals and waivers required to consummate the transactions
contemplated by this Agreement and the Related Agreements will have been
obtained in writing by Seller and provided to Buyer without any penalty or
condition which is adverse to Buyer.

    

    (d)           There
will not have been any material adverse change in the business, prospects or
future business relating to the Purchased Assets, or any event which may, in the
future, cause such a change or any pending or threatened material litigation or
other proceeding relating to the Purchased Assets or the
Business.

    

    (e)           Seller
shall have delivered to Buyer such other documents and instruments as Buyer may
reasonably request to effectuate the transactions contemplated herein and to
vest in Buyer title to, and rights in the Purchased Assets, free and clear of
all liens, claims and encumbrances.

    

    (f)           Buyer
shall have received all of the items set forth in Sections 3.2(a) and 3.2(c)
hereof.

    

    6.2        Condition to Seller’s
Obligations.  Seller’s obligations under this Agreement are
subject to the satisfaction, on the Closing Date, of the following conditions,
which may be waived by Seller:

    

    (a)           Buyer
will have complied with and performed, in all material respects, its obligations
under this Agreement and the Related Agreements.

    

    (b)           All
representations of Buyer in this Agreement or the Related Agreements will be
true and correct as of the date when given and on the Closing Date.

    

    (c)           Seller
shall have received all of the items set forth in Section 3.2(b) and 3.2(c)
hereof.

     

    Asset
Purchase Agreement

    Global
Axcess – Tejas Videos

    

    Initials
__________

    

    Initials
__________

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    7.           
Restrictions on Transfers.

     

    7.1        Restrictions
Generally.  The Seller agrees that it shall not, directly or
indirectly, contract to sell, sell (whether pursuant to an effective
registration statement under the Securities Act of 1933 (the “Securities Act”) or
pursuant to Rule 144 thereunder), grant any option for the sale of, assign,
exchange, transfer, convey, pledge, mortgage, hypothecate, encumber, distribute
or otherwise dispose of (any of the foregoing, hereinafter referred to as a
“Transfer”) any of the
One-Year Restricted Shares during the one year period following the Closing, or
Transfer any of the Two-Year Restricted Shares, during the two-year period
following the Closing, in each case, except with the express written consent of
the Buyer and in accordance with the terms of this Section.

     

    7.2        Exemption
Period.  The Seller will not make any Transfer except where it
has received the express written consent required under section 7.1 (subject
to expiration by its terms), and (i) such offer to sell, assignment,
pledge, transfer or sale is pursuant to an effective registration statement
under the Securities Act and has been registered under all applicable state
securities or “blue sky” laws or (ii) unless waived by Buyer in writing,
Seller shall have furnished Buyer with an opinion of counsel, which opinion of
counsel shall be reasonably satisfactory to Buyer, to the effect that no such
registration is required because of the availability of an exemption from
registration under the Securities Act and all applicable state securities or
“blue sky” laws.

     

    7.3        Acknowledgement of
Reliance.   The Seller understands and acknowledges that
the representations, warranties and covenants set forth in this Section 7 will
be relied upon by the Buyer and its successors and assigns. The Seller has
carefully read this Section and has discussed with its counsel to the extent the
Seller felt necessary, the limitations imposed on the Seller by this
Section.

     

    7.4        Invalid
Transfers.   The Seller further understands that any
transfer in violation of this Section is null and void.

     

    7.5        Legend on
Certificates.   Each outstanding certificate representing
Purchase Shares shall bear an endorsement reading substantially as
follows:

     

    “THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NEITHER BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933 NOR REGISTERED OR QUALIFIED UNDER THE SECURITIES LAWS
OF ANY STATE, AND MAY NOT BE SOLD OR TRANSFERRED EXCEPT PURSUANT TO A
REGISTRATION UNDER SAID SECURITIES ACT AND REGISTRATION OR QUALIFICATION UNDER
THE SECURITIES LAWS OF THE STATE OR STATES IN WHICH THEY WILL BE SOLD OR
TRANSFERRED, OR PURSUANT TO AN EXEMPTION FROM SUCH REGISTRATION OR QUALIFICATION
REQUIREMENTS.”

    

    “TRANSFER
OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS RESTRICTED PURSUANT TO THE
TERMS OF AN ASSET PURCHASE AGREEMENT DATED November 10, 2010, INCLUDING A
LOCK-UP  PROVISION, AND ANY TRANSFER OF ANY SUCH SECURITIES IN
VIOLATION OF SUCH AGREEMENTS IS VOID.”

    

    8.           
TERMINATION OF AGREEMENT; EFFECT OF TERMINATION.

     

    8.1        Termination.  This
Agreement may be terminated at any time before the Closing as
follows:

    

    (a)           By
Buyer, by notice to Seller, if any of Buyer’s conditions precedent to Closing
have not been satisfied as of the Closing Date or have become incapable of being
satisfied by December 15, 2010.

    

    Asset
Purchase Agreement

    Global
Axcess – Tejas Videos

    

    Initials
__________

    

    Initials
__________

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    (b)           By
Seller, by notice to Buyer, if any of Seller’s conditions precedent to Closing
have not been satisfied as of the Closing Date or have become incapable of being
satisfied by December 15, 2010.

    

    8.2        Effect of
Termination.  With the exception of Article 4, Section 5.8
(Indemnification) and this Section 8.2, which such sections shall survive
termination of this Agreement, upon a termination in accordance with Section
8.1, this Agreement will have no further force or
effect.  Notwithstanding the foregoing, each Party will be liable to
the other for any breaches by such Party prior to termination of this
Agreement.

    

    10.          MISCELLANEOUS.

     

    10.1      No Waiver.  No waiver
of any breach of any provision of this Agreement will be deemed a waiver of any
other breach of this Agreement.  No extension of time for performance
of any act will be deemed an extension of the time for performance of any other
act.

    

    10.2      Severability.  The
provisions of this Agreement will be deemed severable, and if any provision of
this Agreement is held illegal, void or invalid under applicable law, such
provision may be changed to the extent reasonably necessary to make the
provision legal, valid and binding.  If any provision of this
Agreement is held illegal, void or invalid in its entirety, the remaining
provisions of this Agreement will not be affected but will remain binding in
accordance with their terms.

    

    10.3      Entire Agreement;
Amendment.  This Agreement, the Related Agreements and the
schedules, exhibits and attachments to such agreements contain the entire
agreement of the Parties with respect to the subject matter
hereof.  This Agreement may be amended only by an instrument in
writing signed by all of the Parties hereto.  The headings in this
Agreement are solely for convenience of reference and will not affect the
interpretation of any provision of this Agreement.

    

    10.4      Applicable Law; Venue.  This Agreement
will be construed in accordance with and governed by the laws of the State of
Texas.  Jurisdiction and venue for all disputes relating to this
Agreement shall lie exclusively with the state and federal courts located in
Texas.  Each of the Parties agrees to the exclusive jurisdiction of
the aforementioned courts and waives any defense to the laying of venue therein,
including without limitation any defense of inconvenient forum.

    

    Asset
Purchase Agreement

    Global
Axcess – Tejas Videos

    

    Initials
__________

    

    Initials
__________

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    10.5      Time is of the
Essence.  The Parties to this Agreement acknowledge and agree
that time is of the essence with respect to the consummation of the transactions
contemplated by this Agreement and each Related Agreement.

    

    10.6      Binding Agreement,
Assignment.  The terms and provisions of this Agreement will
bind the Parties and their respective permitted successors and
assigns.  Neither this Agreement nor any Related Agreement may be
assigned by Seller or Buyer, without the prior written consent of the
other.

    

    10.7      Expenses.  Each
Party will pay all of its expenses, including attorneys’ and accountants’ fees
in connection with the negotiation of this Agreement or any Related Agreement,
the performance of its obligations hereunder or thereunder, and the consummation
of the transactions contemplated by this Agreement or any Related Agreement;
provided that in any proceeding or other attempt to enforce, construe or to
determine the validity of this Agreement or any Related Agreement, the
non-prevailing Party will pay the reasonable expenses of the prevailing Party,
including reasonable attorneys’ fees and costs.

    

    10.8      Notices.  All
notices, demands or other communications required or permitted to be given
hereunder will be in writing, and any and all such items will be deemed to have
been duly delivered upon personal delivery; or as of the third business day
after mailing by United States mail, certified, return receipt requested,
postage prepaid, addressed as follows; or as of the immediately following
business day after deposit with Federal Express or a similar overnight courier
service, addressed as follows; or as of the business day if by facsimile to the
facsimile number set forth below:

    

    Notices
to Seller:

    Tejas
Video Partners, LTD

    10846
Gulfdale

    San
Antonio, Texas 78216

    Attn:  Von
Shows

    Phone:
210-545-5230

    Fax:
210-545-7242

    

    Notices
to Buyer:

    Global
Axcess Corp

    7800
Belfort Parkway

    Suite
165

    Jacksonville
Florida 32256

    Phone:
904-395-1157

    Fax:
904-280-2180

    

    10.9      Counterparts.  This
Agreement may be executed in one or more counterparts, any one of which need not
contain the signatures of more than one party, but all such counterparts taken
together will constitute one and the same instrument.

    

    10.10    No Third Party
Beneficiaries.  Nothing in this Agreement is intended or shall
be construed to give any person, other than the parties hereto, any legal or
equitable right, remedy or claim under or in respect of this Agreement or any
provision contained herein.

    

    Asset
Purchase Agreement

    Global
Axcess – Tejas Videos

    

    Initials
__________

    

    Initials
__________

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    10.11    Publicity.  Each
party agrees to notify the other prior to issuing any press release or making
any public statement regarding the transactions contemplated hereby, and will
attempt to obtain the reasonable approval of the other party prior to making
such release or statement, except where such release or statement is required by
applicable law or pursuant to any listing agreement with, or the rules or
regulations of, any securities exchange or any other regulatory requirement, in
which case the disclosing party shall endeavor to provide the other party with
as much prior notice of the content of such release or statement as is
reasonably practicable under the circumstances.

    

    10.12    Confidentiality.  Other
than as contemplated by this Agreement, Seller will maintain in confidence, and
will cause its directors, officers, employees, agents, and advisors to maintain
in confidence, any written, oral, or other information in its possession
relating directly or indirectly to the Purchased Assets, unless such information
becomes publicly available through no fault of Seller, or its directors,
officers, employees, agents or advisors, the use of such information is
necessary or appropriate in making any filing or obtaining any consent or
approval required for the consummation of the transactions contemplated herein,
or the furnishing or use of such information is required by legal proceedings or
otherwise required by law.  If this Agreement is terminated pursuant
to Section 8.1, this Section 10.12 shall be of no further force or
effect.

    

    10.13    Specific
Performance.  The parties hereto agree
that irreparable damages 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.  It is accordingly agreed that the parties
shall be entitled to an injunction or injunctions to prevent the breaches of
this Agreement and to enforce specifically the terms and provisions hereof in
any court, Federal or State, of competent jurisdiction, Texas, this being in
addition to any other remedy to which they are entitled at law or in
equity.

    

    10.14.   Disputes.   Parties
Agree to submit any dispute arising out of this Agreement and any other
Agreement entered into at closing first to non-binding mediation.

    

    The
Parties have executed and delivered this Agreement on the date set forth in the
introductory paragraph of this Agreement.

    

    
      
        	
                Seller:

              	 
      	
                Buyer:

              
	 
      	 
      	 
      
	
                Tejas
      Video Partners, LTD

              	 
      	 
      
	
                By

              	 
      	 
      
	
                Tejas
      Video LLC-General Partner

              	 
      	 
      
	
                By

              	 
      	 
      
	
                Von
      Shows- it's Member

              	 
      	
                GLOBAL
      AXCESS CORP,

              
	
                a
      Texas limited liability company

              	 
      	
                a
      Nevada corporation

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                By:

              	
                /s/ Von Shows

              	 
      	
                By:

              	
                /s/ George McQuain

              
	 
      	
                Name:  Von
      Shows

              	 
      	 
      	
                Name:  George
      McQuain

              
	 
      	
                Title:  Member

              	 
      	 
      	
                Title:  President
      & CEO

              

      

    

    

    Asset
Purchase Agreement

    Global
Axcess – Tejas Videos

    

    Initials
__________

    

    Initials
__________

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    
      Exhibits:

    

    

    
      	
              1.1(a)

            	
              Customer
      Agreement

            

    

    
      	
              1.1(b)

            	
              Vendor
      Agreements

            

    

    
      	
              1.1(c)

            	
              DVD
      Inventory

            

    

    
      	
              1.1(e)

            	
              Kiosk
      Communications Equipment

            

    

    
      	
              3.2(a)(i)

            	
              Form
      Assignment and Assumption

            

    

    
      	
              3.2(a)(ii)

            	
              Form
      Bill of Sale

            

    

    
      	
              3.2(a)(iv)

            	
              Form
      Non-Compete

            

    

    
      	
              3.2(a)(v)

            	
              Form
      Consulting Agreement

            

    

    
      	
              3.2(a)(vi)

            	
              Form
      Transition Services Agreement

            

    

    
      	
              3/2(a)(ix)

            	
              Form
      of Seller Counsel Legal Opinion

            

    

    

    Asset
Purchase Agreement

    Global
Axcess – Tejas Videos

    

    Initials
__________

    

    Initials
__________

    
      
         

      

      
        14Exhibit
10.1

      

      NON-QUALIFIED STOCK OPTION
AGREEMENT

      NON-PLAN

      

      THIS STOCK OPTION AGREEMENT (the
“Agreement”) entered into as of ____Schedule A___(the “Grant
Date”) between Upstream Worldwide, Inc. (formerly, Money4Gold Holdings, Inc.)
(the “Company”) and ____Schedule A____ (the
“Optionee”).

      

      WHEREAS, pursuant to the authority of
the Board of Directors (the “Board”), the Company has granted the Optionee the
right to purchase common stock of the Company pursuant to stock
options.

      

      NOW THEREFORE, in consideration of the
mutual covenants and promises hereafter set forth and for other good and
valuable consideration, receipt of which is acknowledged, the parties hereto
agree as follows:

      

      1.           Grant of Non-Qualified Stock
Options.  The Company irrevocably granted to the Optionee, as a
matter of separate agreement and not in lieu of salary or other compensation for
services, the right and option to purchase all or any part of ____Schedule A______ shares of
authorized but unissued or treasury common stock of the Company (the “Options”)
on the terms and conditions herein set forth.  The Options are not
intended to be Incentive Stock Options as defined by Section 422 of the Internal
Revenue Code of 1986 (the “Code”).  This Agreement replaces any stock
option agreement previously provided to the Optionee, if any, with respect to
these Options.

      

      2.           Price.  The
exercise price of the Options is $__Schedule A____ per
share.

      

      3.           Vesting - When
Exercisable.

      

      (a)           The
Options shall vest in equal increments ___Schedule A_ with the first
vesting date being __Schedule
A__, subject to the Optionee’s continued service in the capacity for
which the Options were granted on each applicable vesting date.  Any
fractional vesting shall be rounded up to the extent
necessary.  Notwithstanding any other provision in this Agreement, the
Options shall vest immediately on the occurrence of a Change of Control as
defined below.  Additionally, all Options shall vest immediately on
the date the Company publicly announces, by press release, by disclosure in a
filing with the Securities and Exchange Commission or otherwise (the “Public
Announcement”), its intention to sell substantially all of the Company’s assets
or to enter into a merger or consolidation as described in clauses (ii) and
(iii) under the definition of Change of Control below.  If the
Optionee exercises the Options within 10 calendar days from the date of the
Public Announcement, the Optionee shall be deemed a record holder of the shares
underlying the Options as of the record date of the Change of
Control.  Change of Control means (i) any “person” (as such term
is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934 (the
“Exchange Act”)) becomes the “beneficial owner” (as defined in Rule 13d-3 of the
Exchange Act), directly or indirectly, of securities of the Company representing
50% or more of the total voting power represented by the Company’s then
outstanding voting securities; (ii)  the consummation of the sale or
disposition by the Company of all or substantially all of the Company’s assets
in a transaction which requires shareholder approval under applicable state law;
or (iii) the consummation of a merger or consolidation of the Company with
any other corporation, other than a merger or consolidation which would result
in the voting securities of the Company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted
into voting securities of the surviving entity or its parent) at least 50% of
the total voting power represented by the voting securities of the Company or
such surviving entity or its parent outstanding immediately after such merger or
consolidation.

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

      

      (b)           Subject
to Sections 3(c) and 4 of this Agreement, Options may be exercised prior to
vesting and remain exercisable until 6:00 p.m. New York time for five years from
the Grant Date (the “Expiration Date”).

      

      (c)           However,
notwithstanding any other provision of this Agreement at the option of the
Board, all Options whether vested or unvested shall be immediately forfeited in
the event of:

      

      (1)           Termination
of the Optionee by the Company for cause, including but not limited to, fraud,
theft, employee dishonesty and violation of Company policy;

      

      (2)           The
Optionee purchases or sells securities of the Company not in accordance with the
Company’s inside information guidelines then in effect;

      

      (3)           The
Optionee breaches any duty of confidentiality including that required by the
Company’s inside information guidelines then in effect;

      

      
        (4)           
The
Optionee competes with the Company;

      

      

      (5)           The
Optionee is unavailable for consultation after termination of the Optionee if
such availability is a condition of any agreement between the Company and the
Optionee;

      

      (6)           The
Optionee recruits Company personnel for another entity;

      

      (7)           The
Optionee fails to assign any invention or technology to the Company if such
assignment is a condition of any agreement between the Company and the Optionee;
or

      

      (8)           A
finding by the Company that the Optionee has acted against the interests of the
Company.

      

      4.           Termination of
Relationship.

      

      (a)           If
for any reason, except death or disability as provided below, the Optionee
ceases to perform services for the Company, all rights granted hereunder shall
terminate effective three months from that date.

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      

      (b)           If
the Optionee shall die while performing services for the Company, the Optionee’s
estate or any Transferee, as defined herein, shall have the right within one
year from the date of the Optionee’s death to exercise the Optionee’s vested
Options subject to Section 3(c).  For the purpose of this Agreement,
“Transferee” shall mean a person to whom such shares are transferred by will or
by the laws of descent and distribution.

      

      (c)           If
the Optionee becomes disabled within the meaning of Section 22(e)(3) of the
Code, while performing services for the Company in the capacity for which the
Options were granted, all rights granted hereunder shall terminate effective one
year from that date.

      

      (d)           Notwithstanding
anything contained in this Section 4, the Options may not be exercised after the
Expiration Date.

      

      5.           Profits on the Sale of
Certain Shares; Redemption.  If any of the events specified in
Section 3(c) of this Agreement occur within one year from the last date the
Optionee performs services for the Company in the capacity for which the Options
were granted (the “Termination Date”), all profits earned from the sale of the
Company’s securities, including the sale of shares of common stock underlying
the Options, during the two-year period commencing one year prior to the
Termination Date shall be forfeited and forthwith paid by the Optionee to the
Company.  Further, in such event, the Company may at its option redeem
shares of common stock acquired upon exercise of the Options by payment of the
exercise price to the Optionee.  The Company’s rights under this
Section 5 do not lapse one year from the Termination Date but are a contract
right subject to any appropriate statutory limitation period.

      

      6.           Method of
Exercise.  The Options shall be exercisable by a written notice
which shall:

      

      (a)           state
the election to exercise the Options, the number of shares to be exercised, the
person in whose name the stock certificate or certificates for such shares of
common stock is to be registered, address and social security number of such
person (or if more than one, the names, addresses and social security numbers of
such persons);

      

      (b)           if
applicable, contain such representations and agreements as to the holder’s
investment intent with respect to such shares of common stock as set forth in
Section 11 hereof;

      

      (c)           be
signed by the person or persons entitled to exercise the Options and, if the
Options are being exercised by any person or persons other than the Optionee, be
accompanied by proof, satisfactory to counsel for the Company, of the right of
such person or persons to exercise the Options;

      

      (d)           be
accompanied by full payment of the exercise price in United States dollars in
cash or by check.

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      

      (e)           be
accompanied by payment of any amount that the Company, in its sole discretion,
deems necessary to comply with any federal, state or local withholding
requirements for income and employment tax purposes.  If the Optionee
fails to make such payment in a timely manner, the Company may: (i) decline to
permit exercise of the Options or (ii) withhold and set-off against compensation
and any other amounts payable to the Optionee the amount of such required
payment. Such withholding may be in the shares underlying the Options at the
sole discretion of the Company.

      

      The certificate or certificates for
shares of common stock as to which the Options shall be exercised shall be
registered in the name of the person or persons exercising the
Options.

      

      7.           Sale of Shares Acquired Upon
Exercise of Options.  If the Optionee is an officer (as defined
by Section 16(b) of the Exchange Act (“Section 16(b)”)) or a director of the
Company, any shares of the Company’s common stock acquired pursuant to Options
cannot be sold by the Optionee until at least six months elapse from the Grant
Date except in case of death or disability or if the grant was exempt from the
short-swing profit provisions of Section 16(b).

      

      8.           Adjustments.  Upon
the occurrence of any of the following events, the Optionee’s rights with
respect to the Options shall be adjusted as hereinafter provided unless
otherwise specifically provided in a written agreement between the Optionee and
the Company relating to the Options:

      

      (a)           If
the shares of common stock shall be subdivided or combined into a greater or
smaller number of shares or if the Company shall issue any shares of its common
stock as a stock dividend on its outstanding common stock, the number of shares
of common stock deliverable upon the exercise of Options shall be appropriately
increased or decreased proportionately, and appropriate adjustments shall be
made in the exercise price per share to reflect such subdivision, combination or
stock dividend.

      

      (b)           If
the Company is to be consolidated with or acquired by another entity, the board
of directors of any entity assuming the obligations of the Company hereunder
(the “Successor Board”) shall either (i) make appropriate provision for the
continuation of the Options by substituting on an equitable basis for the shares
underlying the Options the consideration payable with respect to the outstanding
shares of common stock in connection with the acquisition or consolidation; or
(ii) terminate all the Options in exchange for a cash payment equal to the
excess of the fair market value of the shares subject to the Options over the
exercise price thereof.

      

      (c)           In
the event of a recapitalization or a reorganization of the Company (other than a
transaction described in Section 8(b) above) pursuant to which securities of the
Company or of another corporation are issued with respect to the outstanding
shares of common stock, the Optionee upon exercising the Options shall be
entitled to receive for the purchase price paid upon such exercise, the
securities the Optionee would have received if the Optionee had exercised the
Options prior to such recapitalization or reorganization.

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      

      (d)           Except
as expressly provided herein, no issuance by the Company of shares of common
stock of any class or securities convertible or exercisable into shares of
common stock of any class shall affect, and no adjustment by reason thereof
shall be made with respect to, the number or price of shares subject to the
Options.  No adjustments shall be made for dividends or other
distributions paid in cash or in property other than securities of the
Company.

      

      (e)           With
respect to shares issued in accordance with this Section 8, no fractional shares
shall be issued and the Optionee shall receive from the Company cash in lieu of
such fractional shares.

      

      (f)           The
Board or the Successor Board shall determine the specific adjustments to be made
under this Section 8, and its determination shall be conclusive.  If
the Optionee receives securities or cash in connection with a corporate
transaction described in Section 8(a), (b) or (c) above as a result of holding
the Options, such securities or cash shall be subject to all of the conditions
and restrictions applicable to the Options stock with respect to which such
securities or cash were issued, unless otherwise determined by the Board or the
Successor Board.

      

      9.           Necessity to Become Holder
of Record.  Neither the Optionee, the Optionee’s estate, nor
any Transferee shall have any rights as a shareholder with respect to any shares
underlying the Options until such person shall have become the holder of record
of such shares.  No dividends or cash distributions, ordinary or
extraordinary, shall be provided to the holder if the record date is prior to
the date on which such person became the holder of record thereof.

      

      10.          Reservation of Right to
Terminate Relationship.  Nothing contained in this Agreement
shall restrict the right of the Company to terminate the relationship of the
Optionee at any time, with or without cause.  The termination of the
relationship of the Optionee by the Company, regardless of the reason therefor,
shall have the results provided for in Sections 3 and 4 of this
Agreement.

      

      11.          Conditions to Exercise of
Options.  In order to enable the Company to comply with the
Securities Act of 1933 (the “Securities Act”) and relevant state law, the
Company may require the Optionee, the Optionee’s estate, or any Transferee as a
condition of the exercising of the Options, to give written assurance
satisfactory to the Company that the shares underlying the Options are being
acquired for such persons own account, for investment only, with no view to the
distribution of same, and that any subsequent resale of any such shares either
shall be made pursuant to a registration statement under the Securities Act and
applicable state law which has become effective and is current with regard to
the shares being sold, or shall be pursuant to an exemption from registration
under the Securities Act and applicable state law.

      

      The Options are subject to the
requirement that, if at any time the Board shall determine, in its discretion,
that the listing, registration, or qualification of the shares of common stock
underlying the Options upon any securities exchange or under any state or
federal law, or the consent or approval of any governmental regulatory body, is
necessary as a condition of, or in connection with the issue or purchase of the
shares underlying the Options, the Options may not be exercised in whole or in
part unless such listing, registration, qualification, consent or approval shall
have been effected.

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

       

      12.          Transfer.  No
transfer of the Options by the Optionee by will or by the laws of descent and
distribution shall be effective to bind the Company unless the Company shall
have been furnished with written notice thereof and a copy of the letters
testamentary or such other evidence as the Board may deem necessary to establish
the authority of the estate and the acceptance by the Transferee or Transferees
of the terms and conditions of the Options.

      

      13.          Duties of the
Company.  The Company will at all times during the term of the
Options:

      

      (a)           Reserve
and keep available for issue such number of shares of its authorized and
unissued common stock as will be sufficient to satisfy the requirements of this
Agreement;

      

      (b)           Pay
all original issue taxes with respect to the issue of shares pursuant hereto and
all other fees and expenses necessarily incurred by the Company in connection
therewith;

      

      (c)           Use
its best efforts to comply with all laws and regulations which, in the opinion
of counsel for the Company, shall be applicable thereto.

      

      14.          Severability.  In
the event any parts of this Agreement are found to be void, the remaining
provisions of this Agreement shall nevertheless be binding with the same effect
as though the void parts were deleted.

      

      15.          Arbitration.  Any
controversy, dispute or claim arising out of or relating to this Agreement, or
its interpretation, application, implementation, breach or enforcement which the
parties are unable to resolve by mutual agreement, shall be settled by
submission by either party of the controversy, claim or dispute to binding
arbitration in Broward County, Florida (unless the parties agree in writing to a
different location), before a single arbitrator in accordance with the rules of
the American Arbitration Association then in effect.  The decision and
award made by the arbitrator shall be final, binding and conclusive on all
parties hereto for all purposes, and judgment may be entered thereon in any
court having jurisdiction thereof.

      

      16.          Benefit.  This
Agreement shall be binding upon and inure to the benefit of the parties hereto
and their legal representatives, successors and assigns.

      

      17.          Notices and
Addresses.  All notices, offers, acceptance and any other acts
under this Agreement (except payment) shall be in writing, and shall be
sufficiently given if delivered to the addressees in person, by FedEx or similar
receipted delivery, or by facsimile delivery as follows:

      

      The
Optionee:                                                         ______________

                                                                                                    ______________

                                                                                                    ______________

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      

      The
Company:                                       
        Upstream Worldwide,
Inc.

      200 E. Broward Blvd., Suite
1200

      Ft. Lauderdale, FL 33301

      Attention: ___________

      Facsimile: (954) 915-1525

      

      with a copy
to:                                            
   Michael D. Harris, Esq.

      Harris Cramer LLP

      1555 Palm Beach Lakes Blvd., Suite
310

      West Palm Beach, FL 33401

      Facsimile:  (561)
659-0701

      

      or to
such other address as either of them, by notice to the other may designate from
time to time.  The transmission confirmation receipt from the sender’s
facsimile machine shall be evidence of successful facsimile
delivery.  Time shall be counted to, or from, as the case may be, the
delivery in person or by mailing.

      

      18.           Attorney’s
Fees.  In the event that there is any controversy or claim
arising out of or relating to this Agreement, or to the interpretation, breach
or enforcement thereof, and any action or proceeding is commenced to enforce the
provisions of this Agreement, the prevailing party shall be entitled to a
reasonable attorney’s fee, costs and expenses.

      

      19.           Governing
Law.  This Agreement and any dispute, disagreement, or issue of
construction or interpretation arising hereunder whether relating to its
execution, its validity, the obligations provided herein or performance shall be
governed or interpreted according to the laws of the State of Delaware without
regard to choice of law considerations.

      

      20.           Oral
Evidence.  This Agreement constitutes the entire Agreement
between the parties and supersedes all prior oral and written agreements between
the parties hereto with respect to the subject matter hereof.  Neither
this Agreement nor any provision hereof may be changed, waived, discharged or
terminated orally, except by a statement in writing signed by the party or
parties against which enforcement or the change, waiver discharge or termination
is sought.

      

      21.           Counterparts.  This
Agreement may be executed in one or more counterparts, each of which shall be
deemed an original but all of which together shall constitute one and the same
instrument.  The execution of this Agreement may be by actual or
facsimile signature.

      

      22.           Section or Paragraph
Headings.  Section headings herein have been inserted for
reference only and shall not be deemed to limit or otherwise affect, in any
matter, or be deemed to interpret in whole or in part any of the terms or
provisions of this Agreement.

      

      23.           Stop-Transfer
Orders.

      

       (a)           The
Optionee agrees that, in order to ensure compliance with the restrictions set
forth in this Agreement, the Company may issue appropriate “stop transfer”
instructions to its duly authorized transfer agent, if any, and that, if the
Company transfers its own securities, it may make appropriate notations to the
same effect in its own records.

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      

      (b)           The
Company shall not be required (i) to transfer on its books any shares of the
Company’s common stock that have been sold or otherwise transferred in violation
of this Agreement or (ii) to treat the owner of such shares of common stock or
to accord the right to vote or pay dividends to any purchaser or other
Transferee to whom such shares of common stock shall have been so
transferred.

      

      [Signature
Page To Follow]

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      IN WITNESS WHEREOF the parties hereto
have set their hand and seals the day and year first above written.

      

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          	
                                                  WITNESSES:

                                                	 
      	 
      	
                                                  COMPANY:

                                                	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                                                  By:

                                                	 
      	 
      
	 	 	 	                                    	 
	 	 	 	                        	 
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                                                  OPTIONEE:

                                                	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                                                  _______________

                                                	 
      

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

      Schedule
A

      

      Date:
September 10, 2010

      Name:
Douglas Feirstein

      Options:
12,963,070

      Exercise
Price: $0.034

      Vesting:
over a four year period each calendar quarter with the first vesting date being
December 31, 2010

      

      Date:
September 10, 2010

      Name:
Daniel Brauser

      Options:
12,963,070

      Exercise
Price: $0.034

      Vesting:
over a four year period each calendar quarter with the first vesting date being
December 31, 2010

      

      Date:
September 10, 2010

      Name:
Michael Brachfeld

      Options:
6,714,949

      Exercise
Price: $0.034

      Vesting:
over a four year period each calendar quarter with the first vesting date being
December 31, 2010

      

      Date:
September 10, 2010

      Name:
Chuck Wallace

      Options:
13,279,434

      Exercise
Price: $0.034

      Vesting:
over a four year period each calendar quarter with the first vesting date being
December 31, 2010

       

      
        
           

        

        
          10

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