Document:

DIRECTOR
AGREEMENT

 

DIRECTOR
AGREEMENT (this “Agreement”) made as of the ____ day of August, 2017 by and between Webstar Technology
Group, Inc., a Wyoming corporation (the “Company”) and [__] (“Nominee”).

 

WHEREAS,
the Company desires to attract and retain a director who will consent to serve a member of the Board of Directors of the Company
(the “Board”);

 

WHEREAS,
the Nominee has agreed to serve on the Board; and

 

WHEREAS,
the Company believes that Nominee possesses valuable qualifications and abilities to serve on the Company’s Board.

 

NOW,
THEREFORE, the parties agree as follows:

 

1.
Service to the Board. 

 

(a)
Service as a Director. Nominee consents to serve as a Director of the Company for a term of up to [__] years if elected
or appointed and, upon re-appointment or election to the Board of the Company, to serve as a member of the Board of the Company.

 

Nominee
agrees that upon appointment or election he will dutifully perform his responsibilities as a director in good faith, in accordance
with applicable law, and in accordance with the Articles of Incorporation, bylaws and other policy and procedures applicable to
such service. Upon appointment to the Board, Nominee shall resign from the Board of Directors of the Company, upon the request
of the Chief Executive.

 

Nominee
understands that this Agreement does not constitute an offer to serve as a director of the Company, or as an employee, or in any
other capacity and that appointment shall only occur by vote of the Board or shareholders of the Company. Nominee understands
and agrees that if the Company offers Nominee employment, the Company may request a background check consisting of a criminal
history and other background checks to be used solely for employment-related purposes and understands an offer and any position
will be contingent on the receipt and evaluation of the background check report.

 

2.
Compensation and Expenses. 

 

(a)
Compensation. The Company agrees to adopt or has adopted compensation plans for directors applicable to Nominee’s
appoint, in the event Nominee becomes a director, and such compensation shall be payable as follows:

 

	 	●	Board
    of Director Meeting fee of $3,000 for attending and participating in the Company’s quarterly Board of Director meetings,
    payable in accordance with the Company’s accounting practices; and

 

    	 	 -1-	 

     

    

 

	 	●	Once
    the Company’s registration is effective, the Director will receive 100,000 shares of the Company’s voting common
    stock. Notwithstanding anything provided to the contrary in the Agreement, any and all shares of the Company’s common
    stock, par value $.0001 per share (the “Common Stock”), issuable by the Company to Director as provided for in
    this Agreement (the “Shares”) shall be issued within 15 days of (i) the effective date of a registration statement
    filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”) or (ii) such earlier date that
    the Company consummates a financing or a transaction, including, without limitation, a merger, acquisition or sale of stock
    or assets (in which the Company may be the acquiring or the acquired entity), joint venture, strategic alliance or other similar
    transaction and which results in either of (i) or (ii) at least $3,000,000 of gross proceeds to the Company (the “Financing
    Event”). 
	 	 	 
	 	●	Stock
    options to purchase [__] shares of the Company’s registered common stock at an exercise price based on the closing price
    of the Company’s common stock on the Date of Grant (the “Options”). The Options shall vest 50% one year
    from the Date of Grant and the other 50% two years from the Appointment Date so long as Nominee is a member of the Company’s
    Board of Directors. The Options will be exercisable at any time after they vest and prior to the four year anniversary of
    the Appointment Date. The Option shall be issued in compliance with all rules and regulations of the United States Securities
    and Exchange Commission pursuant to the terms of a Stock Option Agreement to be provided by the Company. The Options granted
    to Nominee shall be in effect subject to Nominee’s continuous service as a member of the Board. In the event that Nominee’s
    service is terminated prior to the two (2) year anniversary of the Appointment Date for any reason, all unvested options shall
    be forfeited. 

 

(b)
Expenses. The Company shall reimburse Nominee for all of Nominee’s reasonable and necessary out-of-pocket
expenses, including travel, incurred in connection with the performance of Nominee’s duties as a director on behalf of the
Company (“Expenses”), upon submission of adequate documentation therefor.

 

[(c)
Insurance. The Company intends to obtain a policy of directors’ and officers’ insurance coverage. In
the event any notice of termination or significant change in coverage or terms of D&O Insurance are received by the Company,
prompt written notice shall be provided Nominee for so long as Nominee serves as a director of the Company and during any subsequent
period during which Nominee may be entitled to the benefit of such D&O Insurance.]

 

3.
Confidentiality. Nominee acknowledges that they will be obtaining access to certain confidential information concerning
the Company and its plans and affairs, including, but not limited to, business methods, systems, scheduling, financial data, intellectual
property and strategic plans which are unique assets (“Confidential Information”). Nominee covenants
and agrees to not, directly or indirectly, in any manner, utilize or disclose to any person, firm or entity, such Confidential
Information.

 

4.
Termination. This Agreement shall terminate upon resignation, removal or failure of Nominee to be appointed or re-appointed
by the Company’s shareholders as a director of the Company as provided for in the Company’s bylaws or as provided
for under Wyoming law, provided that any provision of this Agreement not capable of performance prior to termination shall survive,
shall survive such termination for the period necessary for performance.

 

5.
Assignment. The duties and obligations of Nominee under this Agreement are personal and therefore Nominee may not assign
any right or duty under this Agreement without the prior written consent of the Company.

 

6.
Counterparts. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute
one instrument. Facsimile execution and delivery of this Agreement is legal, valid and binding for all purposes.

 

[Signature
Page Follows]

 

    	 	 -2-	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and signed as of the day and year first above
written.

 

	 	WEBSTAR
    TECHNOLOGY GROUP, INC.
	 	 
	 	By:
      	 
	 	Name:
    	Joseph
    P. Stingone
	 	Title:
    	Chief
    Executive Officer

 

	 	NOMINEE:
	 	 	 
	                      	Name:.	                                  
	 	Business Address:

	 	 	

 

    	 	 -3-Exhibit
10.7

 

FORM
OF

 

SUBSCRIPTION
AGREEMENT

 

Common
Stock

of

Webstar
Technology Group, Inc.

 

This
subscription (this “Subscription”) is dated             , 2017, by and between the investor identified on the signature
page hereto (the “Investor”) and Webstar Technology Group, Inc., a Wyoming corporation (the “Company”),
whereby the parties agree as follows:

 

1.
 Subscription

 

Investor
agrees to buy and the Company agrees to sell and issue to Investor such number of shares (the “Shares”) of
the Company’s common stock, $0.0001 par value per share, as set forth on the signature page hereto, for an aggregate purchase
price (the “Purchase Price”) equal to the product of (x) the aggregate number of Shares the Investor has agreed
to purchase and (y) the purchase price per share (the “Purchase Price”) as set forth on the signature page
hereto. The Purchase Price is set forth on the signature page hereto.

 

The
Shares are being offered pursuant to a Registration Statement on Form S-1, SEC File No. [__] (the “Registration Statement”).
The Registration Statement will have been declared effective by the Securities and Exchange Commission (the “Commission”)
prior to issuance of any Shares and acceptance of Investors’ subscription. The Registration Statement is subject to change.
A final Registration Statement and/or supplement to the Registration Statement will be delivered to the Investor as required by
law.

 

The
Shares are being offered by management of the Company on a “best efforts, minimum/maximum” basis as set forth in the
Registration Statement. The completion of the purchase and sale of the Shares (the “Closing”) shall take place
at a place and time (the “Closing Date”) to be specified by the Company in accordance with Rule 15c6-1 promulgated
under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Upon satisfaction or waiver of
all the conditions to closing set forth in the Registration Statement, at the Closing, (i) the Investor shall pay the Purchase
Price by check or by wire transfer of immediately available funds to the Company’s escrow account per wire instructions
as provided on the signature line below, and (ii) the Company shall cause the Shares to be delivered to the Investor with the
delivery of the Shares to be made, if available, through the facilities of The Depository Trust Company’s DWAC system in
accordance with the instructions set forth on the signature page attached hereto under the heading “DWAC Instructions”
(or through the physical delivery of certificates or book form evidencing the Shares to the residential or business address indicated
thereon).

 

All
checks that are accompanied by a subscription agreement will be promptly sent along with the subscription agreements to the escrow
account maintained by Legal & Compliance, LLC (the “Escrow Agent”). In regards to monies being wired from an investor’s
bank account, the Company shall request the investors send their wires by the next business day. In regards to monies being sent
from an investor’s account held at the participating broker, the funds will be “promptly transmitted” to the
escrow agent following the receipt of a completed subscription document and completed wire instructions by the investor to send
funds to the escrow account. Absent unusual circumstances, funds in customer accounts will be transmitted by noon of the next
business day. In the event that funds are sent in and the offering does not close for any reason prior to the Termination Date
set forth in the final Registration Statement, all funds will be returned to investors promptly in accordance with the escrow
agreement terms and applicable law.

 

    	 	-1- 	 

     

    

 

2.
 Certifications, Representations and Warranties

 

In
order to induce the Company to accept this Subscription Agreement for the Shares and as further consideration for such acceptance,
the undersigned hereby makes, adopts, confirms and agrees to all of the following covenants, acknowledgments, representations
and warranties with the full knowledge that the Company and its affiliates will expressly rely thereon in making a decision to
accept or reject this Subscription Agreement:

 

I
understand that the Company reserves the right to, in its sole discretion, accept or reject this Subscription, in whole or in
part, for any reason whatsoever, and to the extent not accepted, unused funds transmitted herewith shall be returned to the undersigned
in full, with any interest accrued thereon.

 

I
have received the Registration Statement.

 

I
am purchasing the Shares for my own account.

 

I
hereby represent and warrant that I am not, and am not acting as an agent, representative, intermediary or nominee for any person
identified on the list of blocked persons maintained by the Office of Foreign Assets Control, U.S. Department of Treasury. In
addition, I have complied with all applicable U.S. laws, regulations, directives, and executive orders relating to anti-money
laundering including but not limited to the following laws: (1) the Uniting and Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56; and (2) Executive Order 13224 (Blocking Property
and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism) of September 23, 2001.

 

By
making the foregoing representations you have not waived any right of action you may have under federal or state securities law.
Any such waiver would be unenforceable. The Company will assert your representations as a defense in any subsequent litigation
where such assertion would be relevant. This Subscription Agreement and all rights hereunder shall be governed by, and interpreted
in accordance with, the laws of the State of Wyoming without giving effect to the principles of conflict of laws.

 

3.
 Miscellaneous

 

This
Subscription Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the
same instrument and shall become effective when counterparts have been signed by each party and delivered to the other parties
hereto, it being understood that all parties need not sign the same counterpart. Execution may be made by delivery by facsimile
or via electronic format.

 

All
communications hereunder, except as may be otherwise specifically provided herein, shall be in writing and shall be mailed, hand
delivered, sent by a recognized overnight courier service such as FedEx, or sent via facsimile and confirmed by letter, to the
party to whom it is addressed at the following addresses or such other address as such party may advise the other in writing:

 

To
the Company: as set forth on the signature page hereto.

 

To
the Investor: as set forth on the signature page hereto.

 

All
notices hereunder shall be effective upon receipt by the party to which it is addressed.

 

If
the foregoing correctly sets forth the parties’ agreement, please confirm this by signing and returning to the Company the
duplicate copy of this Subscription Agreement.

 

[Signature
Page Follows]

 

    	 	-2- 	 

     

    

 

[Signature
Page to Investor Subscription Agreement for Webstar Technology Group, Inc.]

 

If
the foregoing correctly sets forth the parties’ agreement, please confirm this by signing and returning to the Company the
duplicate copy of this Subscription Agreement.

 

	Number
    of Shares:	 	 	Webstar
    Technology Group, Inc.
	 	                                                         	 	 
	Purchase
    Price per Share: $	 	 	 
	 	 	 	 
	Aggregate
    Purchase Price: $	 	 	By:	           
	 	 	 	Name:	 
	 	 	 	Title:	 

 

	 	 	 	Address Notice:
	INVESTOR:	 	 
	 	            	 
	By:	 	 	Webstar Technology
    Group, Inc.
	Name: 	 	 	4231 Walnut Bend
    
	Title:	 	 	Jacksonville, Florida
    32257

 

[  ]
Check Method of Payment: Check enclosed or

[  ]
Please wire $ _________________ from my account held at: _________________

Account Title: _________________; Account
Number: _________________

 

To
the following instructions:

 

	For
                                         Domestic Wires:

         

        Wells
        Fargo Bank, N.A.

        420
        Montgomery

        San Francisco, CA 94104

        ABA#
        121000248

        For
        Credit To: Legal & Compliance, LLC IOTA Trust Account

        Account
        Number – 2000057977252

        Ref:
        Webstar Technology Group - [Subscriber Name]
	 	For
                                         International Wires:

         

        Wells
        Fargo Bank, N.A.

        420
        Montgomery

        San Francisco, CA 94104

        Swift
        Code WFBIUS6S

        For
        Credit To: Legal & Compliance, LLC IOTA Trust Account

        Account
        Number – 2000057977252

        Ref:
        Webstar Technology Group - [Subscriber Name]

        

 

    	 	-3- 	 

     

    

 

Select
method of delivery of Shares: DRS or DWAC (if available)

 

DWAC
DELIVERY DWAC Instructions:

 

	1.	 	Name
    of DTC Participant (broker dealer at which the account or accounts to be credited with the Shares are maintained):
	 	 	 
	2.	 	DTC
    Participant Number:
	 	 	 
	3.	 	Name
    of Account at DTC Participant being credited with the Shares:
	 	 	 
	4.	 	Account
    Number of DTC Participant being credited with the Shares:
	 	 	 

 

Or
DRS Electronic Book Entry Delivery Instructions:

Name
in which Shares should be issued:

 

Address:
_________________; Street _________________

 

City/State/Zip:
_________________; Attention: _________________

 

Telephone
No.: _________________

 

    	 	-4-

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