Document:

Exhibit 10.1

 

CONSULTING AGREEMENT

 

THIS
AGREEMENT is dated as of July 1, 2018 (the “Effective Date”).

 

AMONG:

 

SIYATA
MOBILE INC., a company existing under the laws of the Province of British Columbia and having an office at Suite A-414, 1001
Lenoir Street, Montreal, QC H4C 2Z6

 

(the
“Company”)

 

AND:

 

BSD
LTD., a company existing under the laws of the State of Israel and having a principal place of business at 4a Nachshon Street,
Raanana, Israel

 

(the
“Consultant”)

 

AND:

 

MARC
SEELENFREUND., an individual residing at 4a Nachshon Street, Raanana, Israel

 

(the
“Service Provider”)

 

WHEREAS:

 

		A.	The
                                         Consultant is in the business of providing consulting services and the Company desires
                                         to engage the Consultant to provide such services;

 

		B.	the
                                         Service Provider is an employee of the Consultant; and

 

		C.	The
Company and the Consultant wish that the Consultant provide the Company such consulting services exclusively through the Service
Provider, pursuant to the terms and conditions of this Agreement;

 

THEREFORE
this Agreement witnesses that in consideration of the premises and mutual covenants contained herein, and other good and valuable
consideration, the receipt and sufficiency of which is acknowledged by each party hereto, the parties agree as follows:

 

		1.	The
Consulting Services.

 

		1.1	During
the term of this Agreement, the Consultant shall provide the Company with management services which include, without limitation,
the execution of the day to day operations of the Company, carrying out the strategies and directions of its Board of Directors,
other activities that would otherwise be carried out by the Company’s Chief Executive Officer including undertaking all lawful
and reasonable directions, duties and instructions given to it from time to time by the Board of Directors of the Company, and
serving as the Chairman of the Board of Directors of the Company including by providing all services ordinarily associated with
such position. (the “Consulting Services”).

 

    1

     

    

 

		1.2	The
Consultant shall provide the Consulting Services exclusively through the Service Provider, who shall devote all of his business
and professional time, attention, energy, skill, learning and best efforts to the business and affairs of the Company, and the
Consultant shall not engage or contract any other person or entity to perform the Consulting Services or any part thereof without
the prior written consent of the Company.

 

		1.3	The
Consultant shall report regularly to the Company’s Board of Directors. The Consultant shall perform its duties hereunder predominantly
at the Company’s facilities in Israel, but acknowledges and agrees that its duties may involve significant domestic and international
travel.

 

		1.4	Neither
the Consultant nor the Service Provider, nor anyone acting on their behalf, without the prior written authorization of the Company’s
Board of Directors, shall directly or indirectly, render services to a third party, whether as an employee or independently as
an agent or consultant or in any other manner (whether for compensation or otherwise), or engage in any activities which, directly
or indirectly, cause the Consultant or the Service Provider to compete with the Company. It is hereby understood that the Service
Provider and Consultant may hold shares in other businesses, which do not compete with the Company and may additionally act as
a director in such businesses’ board of directors and such activities shall not be deemed as a breach of this Agreement. For greater
certainty, the Consultant or Service Provider may also be engaged as directors of non-profit entities, provided that such entities
are unrelated to the Company’s business.

 

		1.5	Neither
the Consultant nor the Service Provider shall engage in any conduct that is, or may be, detrimental to the reputation, character
or standing of the Company and shall not partake in any illegal or morally or ethically questionable business practices. Without
derogating from the generality of the immediately preceding sentence, neither the Consultant, the Service Provider nor anyone
acting on behalf of either, shall directly or indirectly, accept any payment or consideration, including without limitation, commission,
rebate, discount or gratuity in cash or in kind, from any person who has or is likely to have a business relationship with the
Company, or is engaged in a business competing in any aspect with the business of the Company.

 

		1.6	The
Company shall add the Service Provider and Consultant as an insured person under its D&O insurance policy and shall enter
into an indemnification agreement with the Service Provider similar to such indemnification agreement entered into with its directors
and officers.

 

		1.7	The
Service Provider personally undertakes in favor of the Company to comply with the restrictions and undertaking contained in this
Section 1.

 

		2.	Consultant
Representation and Warranties.

 

		2.1	The
Consultant represents and warrants to the Company each of the following:

 

		2.1.1	This
Agreement has been duly authorized, executed and delivered by the Consultant and constitutes the legal, valid and binding obligation
of the Consultant, enforceable in accordance with its terms. The execution and consummation of this Agreement by the Consultant,
does not and shall not constitute any breach and/or violation of any law, regulation or other agreement, obligation or undertaking
to which the Consultant, and anyone acting on its behalf, is a party and there is no impediment of any kind whatsoever, preventing
the Consultant from fully complying with all of the provisions of this Agreement.

  

    2

     

    

 

		2.1.2	The
Consultant has full right and power to enter into and perform this Agreement without the consent of any third party.

 

		2.1.3	The
Service Provider has the experience and expertise required to properly render the Consulting Services.

 

		3.	Term
of the Agreement.

 

		3.1	Subject
to the terms hereof, this Agreement shall enter into effect on the Effective Date and shall remain in full force and effect until
January 1, 2022 (the “Term”), unless terminated hereunder.

 

		3.2	Notwithstanding
Section 3.1, either party may terminate this Agreement for convenience at any time and for whatever reason by giving the other
party at least 365 days’ prior written notice of termination.

 

		3.3	Notwithstanding
the foregoing, the Company may, at any time following the Effective Date, terminate this Agreement immediately by provision of
a written notice, in which case the termination of this Agreement shall be the effective date of such notice of immediate termination,
in any of the following circumstances:

 

		3.3.1	a
final judgment convicting the Consultant or Service Provider with a criminal offence involving disgrace “Avera She’yesh
Ima Kalon”);

 

		3.3.2	under
circumstances that, if the Service Provider or Consultant were an employee of the Company, would have denied him the right to
receive severance payments under applicable law; or

 

		3.3.3	the
Consultant materially breached his undertakings as set forth in this Agreement (including those relating to the Services Provider),
which was not cured upon 30 days prior written notice.

 

		3.4	Immediately
upon the termination of this Agreement, for any reason, the Consultant shall, and shall cause the Service Provider to, return
to the Company all property provided to it/him by the Company and in its/his possession, including (without limitation) any vehicle,
cellular phone or other equipment, document, drawings, plans, formulas, products, samples, designs and the like and all copies
thereof, including any data stored on magnetic or optical media, received by Consultant and/or Service Provider in the course
of the provision of services to the Company.

 

		4.	Change
of Control.

 

		4.1	In
the event of a Change of Control (as defined herein) or a Hostile Change of Control (as defined herein), the Corporation agrees
that it will continue to engage the Consultant for the Consulting Services and both the Company and the Consultant agree that
they shall not exercise their respective rights to terminate this Agreement pursuant to Section 3.2 for a period of three (3)
months following the occurrence of the Change of Control or Hostile Change of Control, as applicable (the “Transition
Period”).

 

    3

     

    

 

		4.2	In
the event of a Change of Control or a Hostile Change of Control and if, within the Transition Period or at any time within three
(3) months following the last day of the Transition Period, the Consultant is Constructively Dismissed (as defined in Section
4.7 of this Agreement) or this Agreement is terminated by the Company, other than pursuant to Section 3.3, then:

 

		4.2.1	the
Company shall pay to the Consultant:

 

		4.2.1.1	within
ten (10) days, an amount equal to thirty-six (36) months’ Base Consideration (as that term is defined in Section 1 of Exhibit
A); and

 

		4.2.1.2	for
a period of three (3) years following the Change of Control or Hostile Change of Control, as applicable, the quarterly Incentive
Bonus (as that term is defined in Section 4 of Exhibit A), with such required annual adjustments.

 

		4.2.2	if
the Consultant or Service Provider hold any options, rights, warrants, or other entitlements for the purchase or acquisition of
securities in the capital of the Company (collectively, the “Options”), regardless of whether such Options are
then exercisable in accordance with the terms thereof and notwithstanding the terms and conditions of such Options or of any plan
or other document affecting such Options, all of such Options shall thereupon be immediately fully vested and any unexercised
portion of such Options shall thereafter be exercisable by the Consultant or Service Provider, as applicable.

 

		4.3	In the event of a
                                                                                                                                                                   Hostile Change of Control, the Consultant may elect to terminate this Agreement on the last day of the Transition Period,
                                                                                                                                                                   and, in such circumstance:

 

		4.3.1	the
Company shall pay to the Consultant:

 

		4.3.1.1	within
ten (10) days, an amount equal to thirty-six (36) months’ Base Consideration; and

 

		4.3.1.2	for
a period of three (3) years following the Hostile Change of Control, the quarterly Incentive Bonus (as that term is defined in
Section 4 of Exhibit A), with such required annual adjustments.

 

		4.3.2	if
the Consultant or Service Provider holds any Options, regardless of whether such Options are then exercisable in accordance with
the terms thereof and notwithstanding the terms and conditions of such Options or of any plan or other document affecting such
Options, all of such Options shall thereupon be immediately fully vested and any unexercised portion of such Options shall thereafter
be exercisable by the Consultant or Service Provider, as applicable.

 

		4.4	The
Company agrees to, immediately prior to the occurrence of a Change of Control or a Hostile Change of Control, deposit an amount
equal to thirty-six (36) months’ Base Consideration with an escrow agent, to be held in trust and payable to the Consultant only
in the instance that one of Section 4.2 or 4.3 have been triggered.

 

    4

     

    

 

		4.5	For
the purposes of this agreement, a “Change of Control” means any of the following:

 

		4.5.1	at
least 50% of the fair-market value of all the assets of the Company are sold;

 

		4.5.2	there
is a direct or indirect acquisition by a person or group of persons (excluding the Consultant or any person associated with the
Consultant), acting jointly or in concert, of voting securities of the Company (as defined in the Securities Act (British
Columbia) and as the same may be amended from time to time and any successor legislation thereto) that when taken together with
any voting securities owned directly or indirectly by such person or group of persons at the time of the acquisition, constitute
20% or more of the outstanding voting securities of the Company, provided that Board of Directors has not recommended to security
holders to reject the terms of such acquisition;

 

		4.5.3	a
liquidation, dissolution or winding-up of the Company; or

 

		4.5.4	the
amalgamation, merger or arrangement of the Company with or into another entity where the shareholders of the Company immediately
prior to the transaction will hold less than 51% of the voting securities of the resulting entity upon completion of the transaction;

 

but
does not include any transaction that may occur between the Company, any affiliate or subsidiary of the Company or, as applicable,
any person associated with the Company or any affiliate or subsidiary of the Company, which, but for such relationship the transaction
would otherwise constitute a Change of Control hereunder.

 

		4.6	For
the purposes of this agreement, a “Hostile Change of Control” means any of the following:

 

		4.6.1	a
majority of management’s nominees for election to the Board of Directors of the Company are not elected at any annual or special
meeting of shareholders of the Company; or

 

		4.6.2	there
is a direct or indirect acquisition by a person or group of persons (excluding the Consultant or any person associated with the
Consultant), acting jointly or in concert, of voting securities of the Company (as defined in the Securities Act (British
Columbia) and as the same may be amended from time to time and any successor legislation thereto) that when taken together with
any voting securities owned directly or indirectly by such person or group of persons at the time of the acquisition, constitute
20% or more of the outstanding voting securities of the Company, provided that Board of Directors has recommended to security
holders to reject the terms of such acquisition.

 

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		4.7	For
the purposes of this Agreement, “Constructively Dismissed” means:

 

		4.7.1	the
material diminution of the Consultant’s duties or the assignment to the Consultant of duties materially inconsistent with duties
customarily assigned to a Chief Executive Officer;

 

		4.7.2	a
material breach by the Company of any terms of this Agreement (including any reduction in the compensation due to the Consultant),
which breach is not cured within 30 days of written notice by the Consultant to the Company of such breach specifying in reasonable
detail the provision or provisions of this Agreement allegedly being breached and the facts and circumstances surrounding such
breach; or

 

		4.7.3	the
relocation of the Company’s principal offices to a location more than 50 miles from Raanana, Israel.

 

		5.	Compensation.

 

		5.1	In
consideration for the Consulting Services pursuant to this Agreement, the Consultant shall, as of the Effective Date, be entitled
to receive compensation as set forth in Exhibit A hereto.

 

		5.2	The
Consultant acknowledges and agrees that the compensation payable to it pursuant to this Agreement may be made by the Company or
any of its subsidiaries, including, for greater certainty, Siyata Mobile Israel Ltd.

 

		6.	Confidentiality
and Intellectual Property Assignment.

 

		6.1	Consultant
hereby agrees to the provisions of the Company’s Proprietary Information, Confidentiality and Non-Competition Agreement attached
in Exhibit B hereto and simultaneously herewith executes and shall cause Service Provider to execute a copy thereof.

 

		7.	The
Nature of the Contractual Relationship.

 

		7.1	The
Consultant and, by countersigning below, the Service Provider, hereby declare, undertake and agree, that:

 

		7.1.1	its/his
relationship with the Company will be that of an independent consultant and nothing in this Agreement should be construed to create
a partnership, joint venture, or employer-employee relationship between the Company and the Consultant and/or Service Provider;

 

		7.1.2	it/he
will not be entitled to any of the benefits that the Company may make available to its employees that are based on their compensation
(such as severance payment, education funds etc.); and

 

		7.1.3	no
title that the Consultant and/or Service Provider shall carry while acting in the capacity of a consultant of the Company, nor
any conduct by the Company, the Consultant of the Service Provider, shall derogate from this Section 7.

 

		7.2	Subject
to the provisions of Exhibit A hereto, Consultant will be solely responsible for all tax returns and payments required to be filed
with or made to any tax authority with respect to the Consultant’s performance of the Consulting Services and receipt of fees
under this Agreement. The Consultant acknowledges that the Company will not withhold or make payments for National Insurance Institute;
make unemployment insurance or disability insurance contributions, or obtain worker’s compensation insurance on the Consultant’s
behalf.

 

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		7.3	The
Consultant shall make all payments to the National Insurance Institute required under law and any other payment imposed upon it
by law as the employer of the Service Provider and it shall be solely responsible in respect thereof. The Company shall be entitled
to require the Consultant to produce evidence of that payments as aforesaid have been made.

 

		7.4	The
Consultant hereby agrees to indemnify and defend Company against any and all such taxes or contributions, including penalties
and interest, which should have been paid by Consultant as the employer of the Service Provider.

 

		7.5	The
Consultant and the Service Provider agree that neither they nor anyone acting on their behalf shall file a claim against the Company
in connection with employer-employee relations between the Service Provider and the Company, and if they or anyone acting on their
behalf does so, the Consultant and the Service Provider shall indemnify and hold the Company harmless upon its first demand for
any liability and expense that may be occasioned to it in respect of or in connection with such a claim, including legal fees.

 

		7.6	If
for any reason whatsoever a competent authority, including a judicial body, determines that the Consultant and/or the Service
Provider is the Company’s employee, or is entitled to any payment as an employee, the following provisions shall apply:

 

		7.6.1	In
lieu of all consideration that was paid to the Consultant by the Company from the Effective Date the Consultant shall be deemed
only entitled to gross consideration equal to 60% of the consideration actually paid (the “Adjusted Consideration”).

 

		7.6.2	The
Consultant shall immediately refund to the Company any amount paid from the Effective Date in excess of the Adjusted Consideration,
such being linked to the Israeli consumer price index (the base index - the index known on the date of each payment made under
this Agreement; the new index - the index known on the date of actual refund by the Consultant).

 

		8.	Miscellaneous

 

		8.1	Severability.
                                         In case any one or more of the provisions contained in this Agreement shall, for any
                                         reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity,
                                         illegality or unenforceability shall not affect the other provisions of this Agreement,
                                         and this Agreement shall be construed as if such invalid, illegal or unenforceable provision
                                         had never been contained herein. If moreover, any one or more of the provisions contained
                                         in this Agreement shall for any reason be held to be excessively broad as to duration,
                                         geographical scope, activity or subject, it shall be construed by limiting and reducing
                                         it, so as to be enforceable to the extent compatible with the applicable law as it shall
                                         then appear.

 

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		8.2	Governing
                                         Law. This Agreement shall be subject solely to and interpreted in accordance with
                                         the laws of the state of Israel.

 

		8.3	Arbitration.
                                         Any dispute, controversy or claim between the parties hereto, in connection with this
                                         Agreement or any amendment or modification hereof, shall be settled by arbitration, in
                                         accordance with the following:

 

		8.3.1	The
                                         Parties will mutually agree upon a sole arbitrator and, if they are unable to reach an
                                         agreement within thirty (30) days, the head of the Israeli Bar Association shall appoint
                                         the sole arbitrator provided that such arbitrator will be a retired district or supreme
                                         court judge (the “Arbitrator”).

 

		8.3.2	The
Arbitrator shall not be bound by procedural laws or rules, including rules of evidence, however Arbitrator’s decision must be
based on the application of the laws of the State of Israel.

 

		8.3.3	The
Arbitrator will be authorized to issue interim orders, including injunctions, enforcement orders and any other order that a court
would be entitled to issue.

 

		8.3.4	Decisions
of the Arbitrator shall be accompanied by written justification of the Arbitrator’s decision.

 

		8.3.5	The
                                         Arbitrator’s decision shall be appealable in accordance with Section 21A of the
                                         Arbitration Law 5728-1968 (the “Arbitration Law”), to a separate appellate
                                         arbitrator, who shall be chosen in accordance with the procedures set forth in Section
                                         8.3.1 above and who shall be equally bound by the terms hereof.

 

		8.3.6	Each
party shall maintain all matters related to and raised in the arbitration proceedings, in strict confidence and shall not disclose
to any third party any information pertaining to such proceedings or to the existence of such proceedings.

 

		8.3.7	The
Company shall bear all of the Arbitrator fees in connection with such proceedings, provided the Consultant waives any argument
of prejudice against the Arbitrator by virtue of this provision.

 

		8.3.8	This
provision shall be deemed a binding arbitration agreement in accordance with the Arbitration Law.

 

		8.4	No
Assignment. This Agreement may not be assigned by the Consultant and/or Service Provider without Company’s prior and written
consent, and any such attempted assignment shall be void and of no effect.

 

		8.5	Waiver.
No waiver by any party of any breach of this Agreement shall be a waiver of any preceding or succeeding breach. No waiver
by any party of any right under this Agreement shall be construed as a waiver of any other right.

  

    8

     

    

 

		8.6	Entire
Agreement. This Agreement and its Exhibit A hereto is the final, complete and exclusive agreement of the parties with respect
to the subject matter hereof and supersedes all prior discussions and/or agreements (written or oral) between the parties. No
modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, will be effective unless in
writing and signed by the party to be charged.

  

		8.7	Notices.
All communications under this Agreement shall be in writing and shall be delivered by hand or facsimile or mailed by registered
or certified mail, postage prepaid to the address provided in the header of this Agreement or at such other address or facsimile
number as the Consultant may have furnished the Company in writing. Any notice so addressed shall be deemed to be given: if delivered
by hand or by facsimile, on the date of such delivery; if mailed by courier, on the first business day following the date of such
mailing; and if mailed by registered or certified mail, on the third business day after the date of such mailing.

 

		8.8	Survival.
The following provisions shall survive termination of this Agreement: Section 3.4, Section 4, Section 6, Section 7 and Section
8 of this Agreement, and Section 6 of Exhibit A.

 

	 	8.9	Section
Headings. The headings of the sections and subsections of this Agreement are inserted for convenience only and shall not be
deemed to constitute a part thereof.

 

[Signature
page follows]

 

    9

     

    

 

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

 

	SIYATA MOBILE INC.	 	BSD LTD.  
	 	 	 
	By:	/s/
    Brain Budd	 	By:	/s/
    Marc Seelenfreund
	 	Name:
    Brain Budd	 	 	Name:
	 	Title: Director	 	 	Title:

 

	/s/ Keren
    Seelenfreund	 	/s/
    Marc Seelenfreund
	Witness signature	 	MARC SEELENFREUND
	 	 	 
	Name:	 	 
	(please
    print)	Keren
    Seelenfreund 	 	 
	Address:	 	 	 
	 	 	 	 

 

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Exhibit A

 

1. Compensation.
In consideration for the performance of the Consulting Services in accordance with this Agreement, the Company shall pay to
the Consultant NIS 90,000 (plus VAT) monthly consideration (the “Base Consideration”), upon receipt by the Company
of an invoice from the Consultant. The Base Consideration shall be paid monthly in arrears. The Base Consideration shall be indexed
to the average annual inflation of the State of Israel for the previous year on the first day of each new year that this Agreement
is in force.

 

2. Reimbursement
of Expenses. The Consultant will be authorized to incur reasonable expenses in carrying out the Consulting Services for the
Company under this Agreement and shall be entitled to reimbursement of all reasonable out-of-pocket expenses incurred in connection
with the performance of the Consulting Services, provided that all such expenses are expended in accordance with the Company’s
then current policies.

 

		2.1	Among
other things, the Consultant will be authorized to incur expenses for meals and entertainment, transportation (including ride-hailing,
taxis, car rentals, parking, and gasoline), office supplies, and travel.

 

		2.2	The
Company shall provide the Consultant with a cellular phone for the performance of its duties under this Agreement. The Company
shall pay for all expenses and taxes concerning the use of said cellular phone. In addition, the Company shall reimburse the Consultant
for any expense incurred in connection with one phone line installed in the Service Provider’s home including any applicable tax
arising from the reimbursement under this Section.

 

		2.3	Where
the Service Provider is required to travel internationally in connection with the performance of the Consulting Services under
this Agreement, the Consultant will be reimbursed for travel-related expenses, and when travelling via air, the Consultant is
authorized to travel “business class” or, if there is no “business class” on the required flight, then the
next highest class above “economy class” on that particular flight. Additionally, the Consultant will be entitled to
book accommodations that have been rated with a minimum of four stars.

 

3.
Paid Absence. The Consultant shall be entitled to receive full payment from the Company for up to 30 business days per
year, as well as all Jewish holidays, despite the Service Provider’s absence on such days.

 

4. Incentive
Bonus. The Consultant shall be entitled to an quarterly bonus equal to 5% of the Company’s EBITDA (as defined below) (the
“Incentive Bonus”). The Incentive Bonus shall be payable within 15 days of the filing of the Company’s unaudited
interim financial statements on SEDAR. An annual adjustment shall be completed on the Incentive Bonus 30 days of the filing of
the Company’s audited annual financial statements; provided that the adjustment shall only occur if it is found that the Consultant
is entitled to a greater Incentive Bonus on the year than otherwise paid. In the event of any termination of the Agreement prior
to the conclusion of the relevant calendar year, except termination due to a Change of Control, the Consultant shall be entitled
to the pro rata portion of the Incentive Bonus that is due with respect to the part of the year prior to the termination date.

 

		4.1	For
the purposes of this Agreement, “EBITDA” means earnings before interest, taxes, depreciation, and amortization
of the Company, and such calculation shall be based upon the Company’s year-end audited financial statements.

 

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		4.2	The
Company’s board of directors may, at its sole discretion, increase the Incentive Bonus based upon the performance of the Company’s
stock, financings, and other such indicators of the Company’s success.

 

		4.3	The
Consultant may, at its discretion, exercise the right to have an independent firm of chartered accountants audit the records that
relate to the calculation of the Incentive Bonus within six (6) months of the filing of the Company’s audited annual financial
statements. At the conclusion of such audit, if the auditors determine that the calculation of the Incentive Bonus has been understated
or excessive costs have been added to the calculation of the underlying EBITDA, then the costs of the audit will be borne by the
Company and such costs, together with the deficiency in the amount actually paid as an Incentive Bonus as against the calculation
of the Incentive Bonus by the auditors, shall be paid by the Company to the Consultant within thirty (30) days. In all other circumstances,
the cost of the audit will be borne by the Holder.

 

5. VAT
& Withholding. All payments to be made hereunder are exclusive of value added taxes which shall be added to such payments
based on the then current value added tax rate. The Base Consideration, the Incentive Bonus, any expense reimbursement provided
for hereunder shall be payable subject to receipt of and in accordance with a valid withholding tax certificate duly issued by
the Israel Tax Authority (the “ITA”). Each invoiced amount shall be due and payable within five (5) days from the date
of receipt thereof. The Company shall deduct from all payments due and payable hereunder any taxes and related mandatory costs
that must be deducted at source or with respect to which the Company is otherwise deemed liable to pay according to applicable
law or the aforementioned withholding tax certificate.

 

6. No
Additional Compensation. Subject to the Agreement and, for greater certainty, Section 4 of the Agreement, the foregoing shall
constitute the full and final payment for the Consulting Services rendered pursuant to this Agreement and neither the Consultant
nor the Service Provider shall be entitled to any other payment in connection with the Agreement and the Consulting Services and
the Company shall not be obliged to pay to the Consultant and/or Service Provider any additional consideration, fees or expense
reimbursement whatsoever.

 

 

12Exhibit 10.2

 

License Agreement

 

AGREEMENT
entered into as of December, 2012, by and between Uniden America Corporation, Inc. & its affiliates, a Delaware
Corporation, having its principal office at 4700 Amon Carter Boulevard, Fort Worth, TX 76155 (“Licensor”). and
Signifi Mobile. a Canadian Corporation. having its principal office at 5005 Jean Talon Boulevard Suite 10, Montreal, Quebec,
H4P1W7, Canada ( “Licensee”).

 

WHEREAS, Licensor is the owner of the trademark
Uniden and associated designs and trade dress, (together, the “Trademarks’’) as shown below, and is using the Trademarks throughout
the World, and

 

WHEREAS, Licensor has the right to grant Licensee
the license, right and permission to use the Trademarks, and

 

WHEREAS. Licensee is in the business of manufacturing,
distributing and selling articles or services described and specified hereinafter, and desires to secure the license, right and
permission to use the Trademarks upon, and in connection with, the manufacturing, distributing and selling of such articles or
services; and

 

WHEREAS. Licensor desires to grant to Licensee,
and Licensee desires to accept from Licensor, a license to use the Trademarks in the design, manufacture, advertising, sale
and promotion of product, subject to each of the terms. provisions and conditions of this Agreement

 

NOW, THEREFORE, in consideration of the premises
and of the mutual agreements. covenants and provisions contained herein, the parties hereto do hereby agree as follows

 

ARTICLE 1: DEFINITIONS

 

 1.1 “High End Booster” means any cellular signal booster retailing for USD$150 or more per unit

 

 1.2 “High End Accessory” means all accessories for any High End Booster, without regard to the price of such assessor;

 

 1.3 Licensed Items. “Licensed Items” means all High End Boosters and High End Accessories specifically listed in Appendix A, which can be modified by a writing signed by both parties. Goods eligible to be included in Appendix A include cellular signal boosters and related cellular signal booster accessories: mobile broadband antennas supporting cellular signal booster products. The parties may agree in a writing signed by both parties to include among the Licensed Items, products which are not High End Boosters or High End Accessories.

 

     

    	 

    

 

ARTICLE 2: GRANT OF LICENSE AND DESIGNATION OF LICENSED ITEMS

 

Effective
upon the execution of this Agreement, Licensor hereby grants to Licensee, for the period hereinafter specified and upon
the terms, provisions and conditions of this Agreement, the exclusive right and license to use the Trademark(s) within the geographic
area described in Article 2 hereof, in the design, manufacture, advertising, sale and promotion of the Licensed Items.

 

Licensed Items will be as designated in Appendix A. Licensee
may request in writing to add or delete a product from Appendix A. Approval of such request will be at the sole discretion
of Licensor. The rights granted to Licensee herein are limited to use on or in connection with the Licensed Items and Licensee
specifically agrees not to use the Trademarks in any manner or on any product. service or item, except as set forth in the Agreement

 

ARTICLE 3: GEOGRAPHIC AREA AND CHANNELS

 

The rights granted to Licensee
hereunder may be exercised by Licensee within the United States and its possessions, territories. military bases and Puerto Rico,
and Canada (the ‘Territory”). and Licensee shall have exclusive rights with respect to the Licensed Items. Upon Licensee’s
request, Licensor may, in its discretion, extend the areas in which Licensee may exercise said rights, but any such extension shall,
in each instance, be evidenced by a written and duly executed amendment to this Agreement for such periods and upon such terms
and conditions as shall be determined by Licensor. Notwithstanding the foregoing, Licensee may manufacture outside the Territory
for sale within the Territory.

 

The rights granted to Licensee
are further limited by the Distribution Guidelines in Appendix B which can be modified by a writing signed by both parties

 

ARTICLE 4. TERM AND TERMINATION OF AGREEMENT

 

		4.1	Contract Term. The Contract Term of this Agreement shall
be for three (3) Contract Years commencing as of the date of execution of this Agreement and ending on December 31, 2015 at midnight
Eastern Standard Time, unless sooner terminated pursuant to the terms of this Agreement

 

		4.2	Extension Terms. If Licensee meets or exceeds Contract
Year 3 Minimum Net Sales per Article 7.1, Licensor hereby grants to Licensee the option to extend the Contract Term of this Agreement
for one (1) three (3) year period (an “Extension Term”) as follows: (i) commencing on January 1, 2016 and ending on
December 31. 2018 ending at midnight Eastern Standard Time of the date of expiration thereof, unless sooner terminated pursuant
to the terms of this Agreement. Such options to extend the Contract Term of this Agreement must be exercised by Licensee, if at
all, by giving written notice to Licensor at least sixty (60) days prior to the expiration of the then preceding Contract Term
or the First Extension Term of this Agreement.

 

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		4.3	Termination

 

4.3.1 Defaults.
Except as otherwise expressly provided in this Agreement. in the event Licensee shall default in the performance of any of
the terms, conditions or obligations to be performed by Licensee hereunder, and if such default involves the payment
of money and same shall not be cured within ten (10) days of such default. or if such default involves performance other than
the payment of money and the same is not cured within thirty (30) days after Licensor gives written notice to Licensee of
such default (or if such default cannot be cured within thirty (30) days if Licensee does not commence cure within thirty
(30) days and diligently completes such cure), then and in any such event, Licensor may immediately terminate this Agreement
and all of the rights and obligations hereunder (except as otherwise expressly provided by this Agreement). However, if such
default is a result of Licensee selling Licensed Items or any other items baring the Trademarks without first receiving full
written approval from Licensor as provided in this Agreement, then Licensor may terminate this Agreement
immediately.

 

4.3.2 Failure To
Meet Required Minimum Net Sales. Should during two consecutive Contract Years Licensee fail to maintain the required Minimum
Net Sales during any Contract Year or Extension Term Contract Year, as provided in Article 7, then Licensor may, at its
option, elect to terminate this Agreement by written thirty (30) day notice delivered to Licensee within ninety (90) days
after the end of such Contract Year or Extension Term Contract Year during which Licensee failed to maintain such required
Minimum Net Sales Such termination shall be effective upon expiration of the thirty (30) day period set forth in said notice
but shall not affect Licensee’s outstanding indebtedness to Licensor, or any of the provisions relating thereto

 

4.3.3
Bankruptcy/Receivership. In the event that a Receiver is appointed to, or one or more creditors take possession of all. or
substantially all, of the assets of the Licensee, or if Licensee shall make a general assignment for the benefit of
creditors. or if any action is taken or suffered by Licensee under any state or Federal insolvency or bankruptcy act, then
this Agreement and all of the rights and obligations hereunder (except as otherwise expressly provided by this Agreement)
shall immediately, and without notice or need of any further action by any party hereto, terminate.

 

4.3.4 Time for Performance. The time for performance
of any act required of either party shall be extended by a period equal to the period during which such party was reasonably prevented
from performance by fire, flood, storm, or other like casualty beyond such party’s control.

 

ARTICLE 5: EARNED ROYALTIES AND NET SALES

 

		5.1	Earned Royalties Subject to Section 6.3 of Article 6 hereof,
Licensee shall pay to Licensor for the rights granted hereunder a sum equal to five percent (5%) of Net Sales (the “Earned
Royalties”) on Licensed Items sold at the wholesale level to all resellers except the mass retailers sales channel (as defined
in Appendix “B”). and four percent (4.0%) of Net Sales on Licensed Items sold at the wholesale level for resale to
the mass market retailers sales channel (as defined in Appendix “B”) whether sold by the licensor or the licensee;
and four percent (4.0%) of Net Sales on Licensed Items sold by the licensee direct to end users at retail level.

 

The Earned Royalties shall be remitted in accordance
with Article 6.3 of this Agreement.

 

 

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		5.2	Definition
of Net Sales. As used throughout this Agreement. the term “Net Sales” shall mean the aggregate of the invoiced amounts
of Licensed Items, sold and/or shipped by Licensee and paid for by Licensee’s customers, less (a) refunds, credits and allowances
actually made or allowed to customer with respect to Licensed Items, (b) shipping and/or freight charges, whether or not charged
to customers as a separate line item on the invoice. (c) promotional/new store discounts. and (d) federal and state duties, levies,
sales and excise taxes (including value-added taxes).

 

ARTICLE 6: MINIMUM ROYALTIES AND ROYALTY PAYMENTS

 

		6.1	Minimum Royalties. Notwithstanding anything to the contrary
set forth herein, Licensee shall pay to the Licensor Minimum Royalties as follows:

 

Contract Year 1 (effective date – 12/31/2013):
$30,000.00

Contract Year 2 (1/1/2014-12/3112014): $50,000.00

Contract Year 3 (1/1/2015-3/31/2015): $60,000 00

 

Extension Term

Contract Year 4 (1/1/2016-12/31/2016). $85,000.00
or 70% of Earned Royalties for Contract Year 3 whichever is greater

Contract Year 5 (1/1/2017-12/31/2017) $85,000.00
or 70% of Earned Royalties for Contract Year 3 whichever is greater

Contract Year 6 (1/1/2018-12/31/2018): $85,000.00
or 70% of Earned Royalties for Contract Year 3 whichever is greater

 

		6.2	Minimum Royalty Payments The Minimum Royalty for the first
Contract Year shall be paid as follows twenty-thousand dollars ($20,000.00) upon contract execution with four (4) quarterly payments
of $2,500 beginning March 31, 2013 and ending December 31, 2013. The Minimum Royalty for each subsequent Contract Year of the
Contract Term and/or Extension Term shall be paid in full by January 15’h of each Contract Year respectively.

 

		6.3	Application of Earned Royalties. The Earned Royalties to
be paid under Article 5 shall be applied against the Minimum Royalties due under this Article 6, and Licensee shall pay such Earned
Royalties by the 20”’ day after the end of each Calendar quarter. Each Royalty Payment, payable in U.S currency, shall
be remitted by check or wire transfer as required by Licensor in Appendix C.

 

		6.4	In the event that Licensor does not comment, reject or
approve the Licensed Items within 60 days of submission and in accordance with Article 8 and Article 14 of this agreement. the
Licensor agrees that in effect ,the licensee will not have the ability to make sales and therefore will not have any royalties
to be paid. In such a case Licensee will have the option to terminate this agreement immediately, and will not be responsible
for any additional Minimum Royalty Payments. Such termination shall be effective upon expiration of the thirty (30) day period
set forth in said notice but shall not affect Licensee’s outstanding indebtedness to Licensor. or any of the provisions
relating thereto.

 

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ARTICLE
7: MINIMUM NET SALES OF LICENSED ITEMS

 

		7.1	Minimum Net Sales. Notwithstanding anything to the contrary
set forth herein,

Licensee shall maintain minimum Net Sales during each
Contract Year as follows.

 

Contract Year 1 (effective date – 12/31/2013):
$650,000.00

Contract Year 2 (1/112014-1213112014): $1,300,000.00

Contract Year 3 (1/1/2015-3/31/2015): $1,700,000.00

 

Extension Term

Contract Year 4 (1/1/2016-12/31/2016): $2,125,000.00
or 70% of Net Sales for Contract Year 3 whichever is greater

Contract Year 5 (1/1/2017-12/31/2017) $2,125,000.00
or 70% of Net Sales for Contract Year 3 whichever is greater

Contract Year 6 (1/1/2018-12/31/2018): $2,125,000.00
or 70% of Net Sales for Contract Year 3 whichever is greater

 

		7.2	Failure To Meet Required Minimum Net Sales. Should Licensee
fail to maintain the required Minimum Net Sales for two (2) consecutive Contract Years, as provided in this Article 7, then Licensor
may, at its option, elect to terminate this Agreement pursuant to Article 4.3.2.

 

ARTICLE 8: ADVERTISING AND ART WORK

 

		8.1	Advance Submission. Licensee shall submit to Licensor for
approval all advertising and promotional items, budgets, programs and materials relating to the Licensed Items at least thirty
(30) days prior to intended usage. Licensor shall provide Licensee with written approval or disapproval within twenty (20) business
days after Licensor’s receipt thereof. If Licensor fails to respond within such twenty business (20) day period, Licensee
shall again submit such materials to Licensor for approval and if Licensor fails to approve or disapprove. with reasonable explanation
for such disapproval, within an additional seven (7) day period, such materials shall be deemed approved pending written confirmation
from Licensor. Should Licensor disapprove, its written notice shall explain in detail the reasons for disapproval so that Licensee
may prepare and submit new advertising and art work and suggest to Licensee corrective measures so that the item submitted can
be approved on further submission. Under no circumstances shall Licensee proceed with submissions without written approval from
Licensor.

 

		8.2	Art Work. Licensor shall make reasonably available to Licensee
any and all necessary film, photostats, artwork and full color reproductions of its Trademarks, artwork. designs and other materials
necessary for Licensee’s use in accordance with this Agreement.

 

		8.3	Expense Reimbursement. Licensee shall reimburse Licensor
for Licensor’s out-of-pocket expenses, including, reasonable hourly charges for creative personnel reasonably incurred by
Licensor in the preparation for Licensee, when and if required, of new artwork, mechanicals, and film. All charges shall be agreed
to in writing prior to the time such expenses are incurred, and all sums due to Licensor under this Article 8 shall be paid by
Licensee upon receipt of an appropriate invoice.

 

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		8.4	Periodic
Sales and Marketing Meeting. The parties agree that it is in the best interests of each party to meet periodically with the other
to review the current and future sales and marketing of Licensed Items pursuant to this Agreement and also to explore the possibility
of expanding the Territory or scope of products on which the Trademarks are used. Therefore the parties will strive to meet no
less than twice a year to review current and future sales and marketing plans for Licensed Items.

 

ARTICLE 9 LICENSEE’S RECORDS

 

Licensee shall keep and maintain at its regular place
of business separate and complete books and records of all business transacted by Licensee in connection with the Licensed Items,
including, but not limited to, books and records relating to Net Sales and orders for Licensed Items. Such books and records shall
be maintained in accordance with generally accepted accounting procedures and principles consistently applied. Licensor or its
duly authorized agents or representatives shall have the right to inspect said books and records at Licensee’s premises during
Licensee’s regular business hours but in any event upon prior written notice to Licensee of not less than seven (7) business days,
and in no event more than once per Contract Year

 

ARTICLE 10. LICENSEE’S QUARTERLY REPORTS OF SALES AND
ROYALTY PAYMENTS

 

On or before the twentieth (20th) day of each January,
April, July and October during the Contract Term and any Extension Term, Licensee shall deliver to Licensor the following: (i)
a written statement, certified to be true and correct by the Chief Financial Officer, or the functional equivalent, of Licensee,
setting forth the quantity sold, gross sales and Net Sales for each of the Licensed Items during the preceding calendar quarter
and a calculation of the Earned Royalties payable, if any, under Articles 5 and 6 of this Agreement, and (ii) a check or wire transfer
payable to Licensor, according to Appendix C, in full payment of the amount due under Articles 5 and 6 of this Agreement.

 

ARTICLE 11: LICENSEE’S ANNUAL REPORTS AND ANNUAL
ROYALTY PAYMENTS

 

On or before the fifteenth (15th) day of the second (2nd)
month following the end of Licensee’s fiscal year, Licensee shall render to Licensor a statement certified by
Licensee’s Chief Financial Officer, or functional equivalent, disclosing quantity sold, gross sales. Net Sales,
Royalties due and Royalties paid for Licensee’s preceding fiscal year, and, on the last year thereof, for any Contract
or Extension Term which ended within said fiscal year. If said statement discloses that the amount of Royalties paid during
any period to which said statement relates was less than the amount required to be paid under the provisions of this
Agreement, Licensee shall pay said deficiency, according to Appendix C. concurrent with the delivery of the statement.
If said statement discloses the Licensee has paid Royalties in excess of the amounts required to be paid because of an
accounting error, Licensor shall apply said excess to the next Royalty payment, or refund such excess to Licensee if no such
Royalty payment is expected to be due.

 

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ARTICLE
12: AUDIT BY LICENSOR

 

At all times during the Contract Term or any Extension Term
and for twelve (12) months after the last report is rendered hereunder, Licensor, shall have the right to audit all books and records
of Licensee in respect to the Licensed Items. but in any event upon prior written notice to Licensee of not less than seven (7)
business days, and in no event more than once per year. Licensor’s foregoing right shall include the right to engage an independent
certified public accounting firm, to audit the books and records of Licensee with regards to the Royalties due hereunder. In the
event any such audit shall disclose that the Licensee has understated Net Sales or underpaid Royalties for any reporting period.
Licensee shall forthwith and upon written demand of Licensor, pay the amount, if any, by which the Royalties owing exceed Royalties
paid, plus interest of twelve percent (12%) per annum on such delinquent amounts, accruing from the date on which such amounts
became delinquent to the date on which such delinquent amounts were paid In the event that Licensee has understated Net Sales and
consequently has underpaid Royalties in excess of ten thousand dollars ($10,000) of the amount due for any Contract Term, Licensee
shall forthwith and upon written demand also pay all reasonable costs, fees and expenses reasonably incurred by Licensor in conducting
such audit, including, without limitation, reasonable travel expenses. Should such audit disclose that the Royalties paid exceed
the Royalties due, any excess revealed by such audit will be remitted to Licensee within thirty (30) days of such finding.

 

ARTICLE 13: LICENSEE OBLIGATIONS

 

		13.1	Licensee Diligence. Licensee shall design, manufacture,
advertise, sell and ship the Licensed Items and shall continuously and diligently during the Contract Term hereof procure and
maintain facilities and trained personnel sufficient and adequate to accomplish the foregoing, all substantially and to the commercially
reasonable extent and in a manner no less thorough, diligent and professional than the same accorded by Licensee for Licensee’s
most favored premium products and/or services. A cessation of the above for a continuous period of ninety (90) days shall be grounds
for termination by Licensor. according to Article 4.31.

 

		13.2	Licensor Inspection Rights. Licensor shall have the right
to inspect any of Licensee’s facilities, including Licensee’s manufacturers and subcontractors, pertaining to the
Licensed Items during regular business hours but in any event upon prior written notice to Licensee of not less than seven (7)
business days but in no event more than twice per Contract Year. Licensor shall conduct such inspection in the presence of an
officer, partner or authorized representative of Licensee. If Licensee’s facilities, manufacturer or subcontractor fails
an inspection, then Licensee shall be given notice of default pursuant to Section 4.3.1. Once Licensee corrects such failure,
Licensor may reinspect the Licensee’s facilities, manufacturer or subcontractor at Licensee’s sole cost to ensure
failure has been cured.

 

		13.3	Intellectual Property. It is Licensee’s sole responsibility
to acquire in its own name, for its own account and at it own expense, all licenses for or similar conferment of rights to all
intellectual property needed to manufacture and sell Licensed Items

 

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		13.4	Required
Approvals. It is Licensee’s sole responsibility to acquire in its own name, for its own account and at its
own expense, all Underwriter’s Laboratory, Federal Communications Commissions, and other required approvals of the Licensed
Items.

 

		13.5	Government Regulations. Licensee warrants that the Licensed
Items shall be in complete and strict compliance with all applicable safety and environmental regulations and industrial standards
in all the countries where the Licensed Items are sold. Further, Licensee warrants that Licensed Items comply in all material
respects with federal laws and regulations applicable to the manufacture, packing, sale, shipment, exportation and importation
of the Licensed Items

 

ARTICLE 14: APPROVALS AND QUALITY STANDARDS

 

		14.1	Advance Approval. Prior to any use of any Trademarks, Licensee
shall, at Licensee’s expense, submit to Licensor, for Licensor’s written approval the following: (a) specimens of
each Licensed Item on which said Trademarks are to appear (the “Specimens”) in accordance with Appendix A, Appendix
D and Appendix E of this Agreement; (b) all artwork which Licensee intends to use in connection with the Trademarks
in accordance with Appendix E and (c) all packaging, advertising and promotional literature which Licensee intends to use
in the marketing or merchandising of the Licensed Items in accordance with Appendix E. Licensor shall give Licensee written
notice of approval or disapproval within fifteen (15) business days from its receipt of the specimens, and should Licensor disapprove
or require additional information for approval, its written notice shall explain in detail the reasons for disapproval and suggest
to Licensee corrective measures so that Licensee may prepare and submit new specimens and/or samples If Licensor fails to respond
within such fifteen business (15) day period, Licensee shall again submit such materials to Licensor for approval and if Licensor
fails to approve or disapprove, with reasonable explanation for such disapproval, within an additional fifteen (15) day period,
such materials shall be deemed approved pending written confirmation from Licensor. Under no circumstances shall Licensee proceed
with submissions without written approval from Licensor.

 

		14.2	Standards. After Licensor has given its written approval
of said specimens, then the approved product, quality, packaging, advertising and promotional literature shall be the standard
for all Licensed Items produced thereafter (the “Approved Quality”).

 

		14.3	Periodic Samples Thereafter, consecutively at four (4)
month intervals, Licensee shall, at Licensee’s expense, submit to Licensor not less than two (2) randomly selected production
run samples of the Licensed Items.

 

		14.4	Approved Quality Standards. Without the prior written approval
of Licensor, Licensee shall not sell or distribute any Licensed Item which deviates from the Approved Quality except for deviations
which may occur as a result of normal deviations in raw material characteristics or such other minimal deviations.

 

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		14.5	Product Recall. Licensee shall not sell or distribute any
sub-standard products under the Trademark. In the event that Licensee sells Licensed Items bearing the Trademark which are not
in compliance with the agreed upon standards as set forth herein, Licensor may require that Licensee immediately stop selling
and immediately remove all such non-compliant Licensed Items bearing the Trademarks from retails
shelves, point-of-purchase displays and from the inventory of any of its customers. All reasonable costs associated with the removal
of such non-compliant Licensed Items shall be borne by Licensee. If Licensee fails to remove non-compliant Licensed Items bearing
the Trademark From its retail shelves or point-of-purchase displays within thirty (30) days after receipt of written notice from
Licensor. Licensee’s right to continue using the Trademark shall cease immediately without any further right to cure. Licensee
acknowledges and agrees that irreparable injury to Licensor would occur and that Licensor shall be entitled to temporary, preliminary
and permanent injunctive relief, cost and reasonable attorneys’ fees arising from such continued violation

 

ARTICLE 15: FACTORY STANDARDS & RESTRICTIONS
UPON SUBCONTRACTS

 

Licensee shall have the Licensed Items manufactured
only with factories who are reputable and whose business and labor practices conform to the requirements of the applicable law
of the country where the Licensed Items are manufactured. The factories must have written social compliance policies in place that
ensure that all safety, health, child labor, forced labor. discrimination, working hours, wages and benefits and environmental
laws and other social moral and ethical laws are followed.

 

Licensee may enter into subcontracts for the
manufacture of Licensed Items without the express written consent of Licensor with subcontractors or factories of its choice so
long as the quality standards set forth in this Agreement are adhered to. Licensee is responsible for the work of any subcontractor
and for any debts, obligations or liabilities incurred by any such subcontractor in connection with the Licensed Items

 

Licensee shall
discontinue using any factory and subcontractor who shall fail to comply with quality standards and/or delivery schedules required
by Licensee or Licensor.

 

ARTICLE 16: ASSIGNMENT, TRANSFERS, SUBLICENSE

 

The parties hereby acknowledge the substantial
personal service nature of Licensee’s obligations hereunder Therefore, without the prior written consent of Licensor not to be
unreasonably withheld, delayed and/or conditioned, Licensee shall not voluntarily or by operation of law assign or transfer this
Agreement or any of Licensee’s rights or duties hereunder or any interest of Licensee herein, nor shall Licensee enter into any
sublicense for the use of the Trademarks by others.

 

Any assignment, transfer or sub-license without Licensor’s
written consent shall be void and at the option of the Licensor shall constitute a default hereunder. For purposes of this Article
16. the transfer in one or more transactions, by operation of law, or otherwise of 50% or more of the outstanding voting securities
of Licensee shall be deemed an attempted assignment by the Licensee of this Agreement.

 

ARTICLE 17: NO DILUTION
OF TRADEMARKS OR ATTACK UPON TRADEMARKS, REPRESENTATIONS BY LICENSOR

 

		17.1	Limit on Use. Licensee shall not at any time use, promote,
advertise, display or otherwise publish any of the Trademarks or any material utilizing or reproducing any of the Trademarks in
whole or in part. except as specifically provided in the Trademark Usage Guidelines (Appendix E) and this Agreement.

 

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		17.2	Notice.
Licensee shall cause to appear on all Licensed Items and on all materials on, or in connection with which, any of the Trademarks
are used, such legends, markings and notices as may be required by law to give appropriate notice of all trademarks. trade name
or other rights therein or pertaining thereto.

 

		17.3	Materials and Documents. Licensee shall provide all materials
and execute all documents required by law incident to the maintenance and/or preservation of the Trademarks and Licensor’s
rights therein with Licensor’s full cooperation where and to the extent needed.

 

		17.4	 No Contest of Trademark Validity. Licensee shall not
contest the validity of the Trademarks or any rights of Licensor therein, nor shall Licensee willingly become an adverse party
in litigation in which others shall contest the Trademarks or Licensor’s said rights. In addition thereto, Licensee shall
not in any way seek to avoid its obligations hereunder because of the assertion or allegation by any persons, entities or government
agencies. bureaus, or instrumentalities that the Trademarks, or any of them, are invalid or ineffective or by reason of any contest
concerning the rights of Licensor therein.

 

		17.5	No Other Trademark Protection. Licensee agrees not to seek
any state, Federal. foreign or other statutory trademark or service mark or other protection for the Trademarks as they are used
in connection with the Licensee’s goods or services and agrees that the use of the Trademarks shall be for the sole benefit
of the Licensor.

 

		17.6	Licensor represents and warrants to Licensee that: (i)
Licensor holds all such rights in and to the Trademarks as are necessary in order to grant to Licensee the rights hereunder: (ii)
Licensor has full power and authority, without the consent or approval of any other person or entity, to enter into this Agreement
and to grant Licensee the rights hereunder: and (iii) to the best of Licensor’s knowledge, the Trademarks do not infringe
upon any copyright, trademark, or other intellectual property right(s) or proprietary right(s) of any third party or constitute
a misappropriation of any such right(s) in the Territory. The Licensor and its successors agree to indemnity, hold harmless and
defend the Licensee from and against all suits, actions, claims, liabilities, costs and expenses or other damages arising out
of or connected with a breach of the foregoing representations and warranties or any claim that the Trademarks infringe on the
rights of any third party or any breach by the Licensor of any provision of this Agreement.

 

ARTICLE 18: INFRINGEMENT AND OTHER TRADEMARK LITIGATION

 

		18.1	Trademark Defense. Licensee shall apprise Licensor immediately
upon discovery of any possible infringement of the Trademarks which comes to the attention of the Licensee. Licensor, at its sole
cost and expense, and in its own name, may prosecute and defend any action or proceeding which Licensor deems necessary or desirable
to protect the Trademarks, including but not limited to, actions or proceedings involving their infringement. Upon written request
by Licensor, Licensee shall join Licensor at Licensor’s sole expense in any such action or proceeding. However. Licensee
shall not commence any action or proceeding to protect the Trademarks or any action or proceeding alleging infringement thereof
without the prior written consent of Licensor Licensee may prosecute and defend, at its sole expense,
and in its own name. any action or proceeding to protect its designs or styles. Any and all damages recovered in any action or
proceeding commenced by Licensor shall belong solely and exclusively to Licensor

 

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		18.2	No Liability for Violation Except as otherwise set forth
in Section 17 6 of this Agreement, Licensor shall have no liability to Licensee or any other person, nor shall there be any right
of contribution against Licensor therefore. for any action or proceeding alleging any violation of any antitrust, trade regulation,
or similar statute. or unfair competition. Furthermore, in the event of any threatened or actual action or proceeding in which
Licensee and Licensor are or may be charged with jointly violating any antitrust. trade regulation or similar statute, or any
law pertaining to unfair competition. Licensee may, at its option, elect to be represented in such threatened or actual action
or proceeding by Licensor’s counsel at no cost to Licensee for fees, costs or expenses. Should Licensee elect in such event
to be represented by Licensors counsel, then Licensee shall relinquish any right to control or direct such threatened or actual
action or proceeding, and Licensor shall maintain full control thereof. Such representation of Licensee shall continue only so
long as Licensors counsel, in its sole and absolute discretion. believes that it may properly and ethically represent both Licensor
and Licensee. In the event that Licensor’s counsel decides that it may no longer properly and ethically represent both Licensor
and Licensee, then Licensors counsel shall continue to represent Licensor only, and Licensee’s continued defense shall be
at Licensee’s sole expense and shall be conducted by separate counsel.

 

		18.3	 Licensee Indemnification. Licensee shall indemnify and
hold Licensor harmless from any and all trademark or infringement liability and/or claims for which Licensor shall become liable
by reason of any actions that may be committed by Licensee in connection with Licensee’s improper use of the Trademarks

 

		18.4	Limitation on Rights Licensee shall have no rights against
Licensor with respect to any of the matters covered in this Article 18 except as expressly set forth above. Licensee shall under
no circumstance incur legal expense on Licensors account absent prior specific written authorization from Licensor

 

		18.5	Notwithstanding any of the foregoing, Licensor shall use
commercially reasonable efforts to discourage any third party infringement.

 

ARTICLE 19: ADDITIONAL RESTRICTIONS UPON USE OF
TRADEMARKS

 

Identification of Licensed Items. It is the intention
of the parties hereto and the purpose of this Article 19 that all of the Licensed Items be identified to the general public by
the Trademarks. Licensee agrees to assist Licensor in obtaining registrations for the Trademarks in the event the Trademarks are
not yet registered for the Licensed Items within any part of the Territory, all at no cost whatsoever to Licensee.

 

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ARTICLE 20 RETURN GOODS

 

Both parties
acknowledge that Licensee is solely responsible for all dealing with and administering of returns, including but not limited
to defective product returns. of Licensed Items from its customers and that Licensor has no obligation towards these returns.
Further, both parties recognize that each party may
mistakenly receive other party’s returned goods mixed in with its own product. Therefore, both parties
agree:

 

		a.	Licensee will closely instruct its retail customers to
return all Licensed Items directly to Licensee; and

		b.	In the case Licensor receives Licensed Items mixed in with
its own goods. Licensor will ship to Licensee, at Licensee’s cost. all Licensed Items received. It is Licensee’s responsibility
to notify and credit the retail customer for the Licensed Items.

		C.	In the case Licensee receives Licensor’s goods mixed
in with Licensed Items, Licensee will ship to Licensor, at Licensor’s cost, all Licensor’s goods.

 

ARTICLE 21 CUSTOMER SERVICE

 

Both parties acknowledge that Licensee is solely
responsible for providing customer service for all Licensed Items and Licensor has no obligation to provide customer service for
these Licensed Items Therefore. Licensee shall:

 

		a.	Use reasonable efforts to ensure that each customer service
experience, whether online or via the phone, is a pleasant experience with positive feedback, and ensure that any complaints received
on the Licensed Product or the customer service are dealt with timely and remedied in a reasonable business manner;

		b.	Ensure that all packaging and other material for Licensed Items are clearly marked with the correct
customer service contact information; and

		c.	Provide the correct customer service contact information to Licensor, so that Licensor can provide
this information to consumers who contact Licensor for customer service issues on the Licensed Items.

 

ARTICLE 22 LICENSOR SALES

 

Licensee agrees that Licensor may purchase Licensed
Items from Licensee to resell. Licensee agrees that it will owe all the same duties and responsibilities to Licensor for these
sales as it has to any other purchaser of the Licensed Items. including but not limited to, product/technical support, customer
service, product warranty, and indemnification The parties will negotiate the purchase price in good faith.

 

If Licensor chooses to purchase Licensed Items, then
Licensee agrees to support Licensor’s sales by providing electronic copies of product owner’s manuals, specifications, product
warranty, product images and other product related material which Licensor needs to properly advertise to and inform consumers.

 

ARTICLE 23: LICENSOR’S RIGHTS TO DESIGNS. ETC UPON TERMINATION

 

		23.1	Rights Upon Termination. In the event this Agreement
is terminated for any reason. or expires according to its terms, Licensee shall assign, transfer and transmit to Licensor any
and all rights of Licensee in the Trademarks, including associated goodwill, and shall not thereafter manufacture. sell or use
the Trademarks in any manner. Licensee may, however, dispose of its stock of Licensed Items on hand within one hundred twenty
(120) days after such termination or expiration of this Agreement (the “Selloff Period”); provided, however, Licensee’s
obligation to pay to Licensor all sums due to Licensor through the date of such termination or expiration shall survive such termination
or expiration; and, further provided. that Licensee shall, prior to the effective date of said termination, deliver to Licensor
a detailed schedule of all inventory of Licensed Items in Licensee’s possession (constructive or otherwise).
After the expiration of the aforesaid Selloff Period, Licensee shall destroy all Licensed Items and packaging and promotional
material remaining in Licensee’s possession which are identified in any manner by or with the Trademarks. Notwithstanding
the above, during the Selloff Period Licensor shall have the right to purchase such excess stock of Licensed Items, in whole or
in part. prior to any sale or offer of sale by Licensee to any third party, for an amount equal to the wholesale cost of such
Licensed Items. It is specifically understood and agreed that the Licensee’s right to dispose of stock shall be conditioned
upon the absence of harm to the Trademarks and/or the reputation of the Licensor arising from the Licensee’s use of the
Trademarks, as reasonably determined by the Licensor in its sole discretion.

 

    12

    	 

    

 

		23.2	Continuation of Agreement Terms. Licensee shall continue
to abide by the terms of this Agreement with respect to such Licensed Items during the Selloff Period. Neither Licensee nor any
creditor (judgment or otherwise), assignee, transferee, trustee, or receiver of Licensee, or similar person or officer, or purchaser
other than in the regular course of Licensee’s business may sell or transfer any Licensed Item until and unless all sums
due Licensor from Licensee have been paid. After the expiration of the aforesaid Selloff Period, Licensee shall destroy all Licensed
Items and packaging and promotional material remaining in Licensee’s possession which are identified in any manner by or
with the Trademarks.

 

		23.3	Licensee’s Obligations The termination of this Agreement
for any reason shall not relieve Licensee of any accrued obligations to Licensor nor shall such action relieve Licensee of any
obligation or duty which accrued on or after the termination or expiration of this Agreement.

 

		23.4	No Right in Licensee. It is understood and agreed that
except for the right to use the Trademarks as specifically provided for in this Agreement, Licensee shall have no right, title
or interest in or to the Trademarks. Upon and after the termination of this Agreement, all rights granted to Licensee hereunder,
together with any interest in and to the Trademarks that Licensee may acquire, shall forthwith and without further act or instrument
be assigned to and revert to the Licensor. In addition, Licensee shall execute any instruments requested by Licensor to accomplish
or confirm the foregoing. Any such assignment, transfer or conveyance shall be without consideration other than the mutual agreements
contained herein. However, Licensor and Licensee agree that Licensee owns all right, title and interest in and to the designs
and products that underlie, preexist and are severable from the Trademarks, and all intellectual property associated therewith
and that Licensee’s use thereof in or on or in connection with the Trademarks does not and shall not grant Licensor any
rights to such designs and products. Nothing herein shall be deemed a waiver by Licensee of any intellectual property right. design
or idea not derived from or based upon the Trademarks.

 

		23.5	Survival of Terms. The provisions of this Article 23 shall
survive the termination (or expiration) of this Agreement.

 

ARTICLE 24: ADDITIONAL RIGHTS PRIOR TO TERMINATION

 

During the final Contract Year of the Contract
Term hereof, and subject to Extension Period(s) thereof. Licensor shall have the right to design and manufacture merchandise
of the types covered by this Agreement and to negotiate and conclude such Agreements as it desires
pursuant to which it may grant licenses to any party or parties of any or all of the rights herein granted to Licensee;
provided, however, that no merchandise herein identified as Licensed Items shall be shipped by Licensor or any third party
other than Licensee prior to the expiration or termination of this Agreement (exclusive of the Selloff Period).

 

    13

    	 

    

 

ARTICLE 25: GOODWILL

 

Licensee acknowledges and recognizes that the Trademarks
are of substantial significance and value to Licensor and that said Trademarks have acquired valuable secondary meaning, value
and goodwill. Except as may be otherwise specified in this Agreement, Licensee shall not use any of the Trademarks or any name
or symbol similar thereto as part of its name or symbol or as part of the name or symbol of any corporation partnership. joint
venture, proprietorship or other entity or person which it controls or with which it is affiliated.

 

ARTICLE 26: INSURANCE

 

During the Contract Term of this Agreement and any
agreed upon extensions, Licensee shall maintain or shall cause its supplier of Licensed Items to maintain comprehensive general
liability, product liability and advertising liability insurance in an amount no less than $1 million per incidence or occurrence
plus excess liability insurance to a minimum limit of $5 million and shall have Licensor named as an additional insured party therein.
Said insurance may be carried by Licensee under a blanket or an umbrella policy. Licensee shall also submit to Licensor upon the
signing of this Agreement. and each year upon renewal of insurance, a certificate of insurance for said insurance coverage naming
Licensor as an additional insured party and stating that thirty days’ written notice will be given Licensor by Licensee’s insurance
carrier in the event any modification is made to the policy or the policy is canceled.

 

ARTICLE 27: AGENTS, FINDERS AND BROKERS

 

Each of the parties to this Agreement shall be responsible for
the payment of any arid all agent, brokerage and/or finder commissions, fees and related expenses incurred by it in connection
with this Agreement or the transactions contemplated hereby and agrees to indemnify the other and hold it harmless from any and
all liability (including. without limitation, reasonable attorney’s fees and disbursements paid or incurred in connection with
any such liability) for any agent, brokerage and/or finder commissions, fees and related expenses claimed by its agent, broker
or finder, if any, in connection with this Agreement or the transactions contemplated hereby. Licensor’s sole agent/finder/broker
in connection with this Agreement is Leveraged Marketing Corporation of America (“LMCA”) with offices at 156 West 56th
Street, Suite 1400, New York, New York 10019. Any and all commissions, fees and/or other monies due LMCA in connection with this
Agreement shall be borne exclusively by Licensor.

 

ARTICLE 28: RESERVED RIGHTS

 

Rights not herein specifically granted to
Licensee are reserved by Licensor and may be used by Licensor without limitation. Any use by Licensor of such reserved
rights, including but not limited to, the use or authorization of the use of the Trademarks in any manner whatsoever not
inconsistent with Licensee’s right hereunder, shall not be deemed to be interference with or infringement of any of
Licensee’s rights.

 

    14

    	 

    

 

ARTICLE 29: APPLICABLE LAW

 

This Agreement shall be construed and governed, in all respects,
by the law of the State of Texas applicable to contracts made and to be performed in that state without reference to any provisions
relating to conflicts of law Any legal action or proceeding of any sort, shall be brought in a court of competent jurisdiction
in Tarrant County, Ft. Worth, Texas.

 

ARTICLE 30: NON-AGENCY OF PARTIES

 

This Agreement does not constitute or appoint
Licensee as the agent or legal representative of Licensor, or Licensor as the agent or legal representative of Licensee, for
any purpose whatsoever. Licensee is not granted any right or authority to assume or to create any obligation or
responsibility, express or implied, on behalf of or in the name of, Licensor or to bind Licensor in any manner or thing
whatsoever; nor is Licensor granted any right or authority to assume or create any obligation or responsibility, express or
implied, on behalf of or in the name of Licensee, or to bind Licensee in any manner or thing whatsoever. No joint venture or
partnership between the parties hereto is intended or shall be inferred

 

ARTICLE 31: AMENDMENTS AND WAIVERS BY LICENSOR

 

This Agreement may be amended or modified by Licensor, and Licensor
may waive any of its rights hereunder or performance by Licensee of any of its obligations hereunder, only by instrument in writing.
In the event Licensor shall at any time waive any of its rights under this Agreement or the performance by Licensee of any of its
obligations hereunder, such waiver shall not be construed as a continuing waiver of the same rights or obligations, or a waiver
of any other rights or obligations.

 

ARTICLE 32: ENTIRE AGREEMENT

 

This Agreement constitutes the entire Agreement between
the parties as to the Licensed Items, and supersedes all prior agreements and understandings relating to this subject matter hereof.

 

ARTICLE 33: SEPARABILITY OF PROVISIONS

 

If any provision of this Agreement is held to be illegal, invalid
or unenforceable under present or future laws, such provisions shall be fully severable The Agreement shall be construed and enforced
as if such illegal, invalid or unenforceable provisions had never comprised a part of this Agreement, and the remaining provisions
of this Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid, or unenforceable provision
or by its severance from this Agreement. Furthermore, in lieu of such illegal, invalid or unenforceable provision, there shall
be added automatically as part of this Agreement, a provision as similar in terms to such illegal, invalid or unenforceable provision
as may be possible and be legal. valid or enforceable.

 

    15

    	 

    

 

ARTICLE
34: COUNTERPARTS, HEADINGS

 

This Agreement may be executed in any number of counterparts,
each of which shall be deemed an original, but all of which shall constitute one and the same instrument. The headings herein are
set out for convenience of reference only and shall not be deemed a part of this Agreement.

 

ARTICLE 35: BINDING EFFECT

 

This Agreement shall be binding upon and shall inure to the
benefit of the parties hereto and. subject to the provisions of Article 16 of this Agreement, their respective permitted successors
and assigns

 

ARTICLE 36: INDEMNIFICATION

 

Licensee shall indemnify, defend and hold harmless Licensor
from and against all demands, claims (including without limitation, claims for product liability, alleged product defects, negligence,
false advertising, breach of warranty, fraud and misrepresentation) actions or causes of action. assessments, losses, damages.
liabilities, costs and expenses (including. without limitation, interest, penalties, attorneys’ fees and expenses) (“Damages”)
asserted against, resulting to or imposed upon or incurred by Licensor, including any Damages for loss of, or damage to, property,
or for personal injury, sickness and disease (including death) sustained by any person, including, but not limited to, the ultimate
user of the Licensed Items or other person affected by the use of the Licensed Items, if such loss, damages or injury is caused
by. arises out of, or is in any way connected with the Licensed Items hereunder.

 

ARTICLE 37: CONFIDENTIALITY

 

		37.1	Exchange of Information. in performing the rights and obligations
under this Agreement, it is anticipated that the parties may disclose confidential information. “Confidential Information”
shall include any and all information that is not publicly known, including, but not limited to customer lists, market share,
sources of product supply, sales prices, financial data and the terms of this Agreement. Confidential Information includes all
information exchanged between the parties except information that

 

		37.1.1	can be demonstrated to have been in the public domain prior
to the date of the disclosure:

		37.1.2	can be demonstrated to have been in the receiving party’s
possession prior to its disclosure to the receiving party;

		37.1.3	becomes part of the public domain by publication or otherwise
not due to any unauthorized act or omission on the part of receiving party: or

		37.1.4	is given to the receiving party as a matter of right by
a third party which is under no obligation to hold such information confidential.

 

		37.2	Non-disclosure or use. Each party agrees that it shall
not, at any time during or subsequent to the termination or expiration of this Agreement, without the express permission of the
disclosing party, publish, disclose or use any Confidential Information of the other party except as may be required in any legal
proceedings Notwithstanding the foregoing, the parties may disclose Confidential Information to Licensor’s broker named
in Article 27 above.

 

    16

    	 

    

 

		37.3	The
parties acknowledge that in the performance of their respective rights and obligations under this Agreement, the Licensor may
obtain information regarding the Licensee’s suppliers. The Licensor acknowledges that any direct dealings between the Licensor
and the Licensee’s suppliers without the express written consent of the Licensee would cause irreparable harm to the Licensee.
Therefore throughout the term of this Agreement (and any renewal period) and for a period of two (2) years thereafter, Licensor
shall not directly or indirectly acquire any Items from any of the Licensee’s suppliers. For the purposes of this section
37.3, the expression “Licensee’s suppliers” shall include any affiliates or successors in title to the Licensee’s
suppliers.

 

ARTICLE 38: ADDRESSES FOR NOTICE

 

All notices, statements, consents, instructions or
other documents required or authorized to be given hereunder shall be in writing, and shall be delivered personally to an officer.
partner or authorized representative of the other party or by certified mail, return receipt requested. addressed to the parties
concerned as follows:

 

to Licensee at:

 

5005 Jean Talon Boulevard Suite 10, Montreal, Quebec,
H4P1W7, Canada

 

and to Licensor at:

 

4700 Amon Carter Boulevard Fort Worth, TX 76155

 

with a copy to:

 

Leveraged Marketing Corporation of America

Attn President

156 West 56th
Street

Suite 1400

New York, NY 10019

 

and shall be deemed to have been given upon receipt

 

    17

    	 

    

 

ARTICLE 39 LIMITS ON LIABILITY

 

Except as otherwise provided, and notwithstanding anything
else in this Agreement or otherwise, neither party shall be liable or obligated under any section of this Agreement or under contract,
negligence, strict liability or other legal or equitable theory for any indirect, special, incidental, consequential or punitive
damages, or lost profits.

 

IN WITNESS WHEREOF, this
Agreement is executed on the day and year first written above.

 

Uniden America Corporation (Licensor)

 

	/s/ Rex
    Holloway	 
	 	 	 
	 	 	 
	By:	Rex Holloway	 

 

 

Signifi
Mobile (Licensee)

 

 

	/s/ Stephen Ari Schachter	 
	 	         	 
	 	 	 
	By:	Stephen Ari Schachter	 

 

    18

    	 

    

 

 

    19

    	 

    

 

Appendix
B

 

Distribution Guidelines

Prohibited Distribution 

 

Neither Licensee nor
any third party may present to, sell to or otherwise distribute to any mass retailers and warehouse clubs, including their physical
stores and corn business. Examples of mass retailers include, but are not limited to:

 

Wal-Mart

Wal-Mart Canada

Best Buy

Target

Target Canada

Costco

Sams

PriceMart

 

Other Prohibited Distribution

Amazon.com

 

    20

    	 

    

 

Appendix C

 

Payment Instructions

Beneficiary
LMCA

JP Morgan Chase

1370 Avenue of the Americas

NY NY 10019

a/c #2963410408

routing #021000021

 

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Appendix
D

Licensor QA SAMPLE STAGES

 

Licensor Engineering and QA

 

1. Engineering Pre-Production (EPP) Sample

 

At this stage. the product should be basically final and should
meet the following conditions:

 

Quantity:  2 units should
be sent to Licensor, at Licensee’s expense, to confirm with the product plan

Hardware – The Printed Circuit Boards
should be the final version.

 

		a.	Software – This version should have the final
microcontroller installed.

		b.	Mechanical – The tooling should be completed
at this stage

		c.	Documentation – The Licensee shall submit
a document package that includes:

 

		·	Schematics.

		·	PCB
Layout (with component identification).

		·	Electrical,
Mechanical, and Software comments

		·	Test
Data (including temperature, ESD, and Drop test data).

 

		d.	Accessories
– All accessories must be included at this stage.

 

2. Factory Pre-Production (FPP) Sample

 

At this final evaluation stage,
the samples must be final and must be in the condition for retail sale. The following conditions must be met:

 

Quantity: 4 units should be submitted
to Licensor, at Licensee’s expense

Hardware – The Printed Circuit Boards must be the final version.

 

		a.	Software – Sample must have the final microcontroller
installed.

		b.	Mechanical –The tooling must be complete at
this stage.

		c.	Documentation – The document package must
include:

 

		·	Product
and Regulatory Labels correct with supporting certification.

 

If required by Licensor, the Licensee shall
submit the following additional documentation that includes

 

		·	Final
Schematics.

		·	Final
PCB Layout (with component identification).

		·	Bill
Of Materials (BOM) in MS Excel format.

		·	Test
Data (including all customer documentation, labels, protection film that is specified in the product plan)

		·	Alignment
procedures.

 

		d.	Display Box, Owners Manual and Shipping Carton –
These items must be complete at this stage. These items are verified with Licensor Marketing, as to color,
size, and wording.

 

    22

    	 

    

 

		e.	Test Jigs – If any special test
                                         jigs are required for Licensor IQC They must be provided by Licensee at Licensor’s
                                         expense with Licensor’s advance written acceptance The jigs must be received at
                                         this time (with set-up and operation documentation)

 

Testing and acceptance required prior to shipment. Each
sample stage must be accompanied by the appropriate test reports and data as requested by Licensor. Each stage requires written
acceptance and approval by Licensor before proceeding to the next stage. Written approval from Licensor of the FPP sample and release
of the Products is required prior to mass production.

 

    23

    	 

    

 

Appendix E

 

UNIDEN AMERICA CORPORATION

TRADEMARK USAGE GUIDELINES

 

The purpose of these Trademark Usage Guidelines is
to provide Uniden America Corporation’s authorized dealers, suppliers, licensees and agents (“Third Party TM Users”)
a guide to the proper and legal use of Uniden America Corporation (“UAC”) logos and trademarks, including advertising,
product brand labeling, point of purchase displays, trade show displays, truck/vehicle identification, outdoor signs, brochures,
stationary, packaging, uniforms, promotional clothing, instruction manuals, and sales aid items

 

The use of UAC trademarks has tremendous value to
the merchantability and image of UAC The consistent, correct use of these marks not only protects UAC’s right to their use, but
contributes to our strength and recognition in the marketplace. Furthermore, Third Party TM Users benefit by identifying themselves
with UAC’s well-known, respected trademarks.

 

Third Party TM Users are required to strictly follow these guidelines
as they will be enforced. Misuse or improper use of any UAC trademark may result in termination of permission to use UAC’s trademarks
and/or other legal action by UAC

 

Questions regarding these standards should be addressed
to the UAC Legal Department. Any existing materials in violation of these standards must be corrected as soon as possible.

 

PROPER TRADEMARK USAGE GUIDELINES

 

1.
Trademarks are not nouns: they function exclusively as proper adjectives Trademark rights may be lost if misused. Some examples
of trademarks which have become “lost” or become generic include escalator, corn flakes, and aspirin The first and
most important rule is to always use the generic description of the product in association with the trademark whenever possible.

 

EXAMPLE: Dealers sell a UNIDEN
TRUNKTRACKER scanning radio receiver - not just the “TRUNKTRACKER.”

 

NOTE: Uniden dealers must never
refer to competitors’ products as “their trunktrackers”.

 

2. Since trademarks
are not nouns, they should never be used in the plural form. Instead pluralize the generic product name that the mark describes.

 

EXAMPLE:

 

CORRECT UNIDEN TRUNKTRACKER scanning radio
receivers

 

INCORRECT Two trunktrackers

 

Trademarks should never be used in the possessive form. Never
use a trademark as a verb

 

3. Whenever possible. proper trademark
notice (i.e. ®  or TM) should follow the trademark. Circle R (®) should follow any trademark which has been
registered with and accepted by the United States Patent and Trademark Office (“USPTO”). The TM
symbol should follow any trademark which has not
been formally registered and accepted by the USPTO. As a minimum requirement, the notice should be used at least once in each
piece of printed matter and preferably the first time the trademark appears.

 

    24

    	 

    

 

4. If it is not possible or desirable to utilize
a ® or TM, an asterisk or other such symbol may be placed next to the trademark, directing a reader to a
footnote indicating that the mark is either “Reg. U.S. Patent and Trademark Office,” or if not registered,
“[trademark] is a trademark of Uniden America Corporation”.

 

5. Generally, the mark should be distinguished in print with
some form of special typographical treatment At a bare minimum, the mark should be capitalized. The trademark may also appear in
all capital letters, in quotation marks, in italics, in bold-face, underscored, set larger than body copy, or set in a different
type face or ink color. The product description following the trademark is not set off in any distinguishing manner. If the mark
uses a particular logo or design, whenever possible, use the mark in the unique type style or form, at least once in every advertisement
or piece of printed material.

 

6. Never embellish or make additions to a trademark
or change its presentation in any manner. Do not change the spelling, insert or delete hyphens, make one word into two, or combine
two words into one. Mutilation of a trademark is prohibited, since it risks dilution of the strength of UAC marks which may result
in the loss of the mark.

 

7. All Web pages. manuals, advertisements, promotional
and marketing materials should include a variation of the trademark credit line included below. The credit line may appear anywhere
on the collateral, but typically is displayed on a copyright page, at the end of a document or Web page. The credit line should
be similar to the following: “the Uniden trademark is owned by Uniden America Corporation & its affiliates and is used under
license by__________________.”

 

8. In the United States, Uniden’s corporate name
representing the entity under which it does business is Uniden America Corporation. UAC has also registered the trademark UNIDEN,
in several forms, both as a word mark and as a logo, to identify the family of products and services offered by our company Use
of the name Uniden as a trademark is not the same as a corporate designation

 

9. Third Party TM Users may not use UAC
trademarks or logos on company checks in any form whatsoever

 

10. Third Party TM Users may not use any of UAC’s
trademarks in such a manner that implies that any non-UAC materials, including but not limited to goods, services, Web sites or
publications, are endorsed, sponsored, licensed by or affiliated with UAC. The trademarks may not be displayed as a primary or
prominent feature on any materials that do not originate from UAC

 

11. Third Party TM
Users may not incorporate UAC trademarks into their own product names, service names, trademarks or logos, or adopt marks or logos
that are confusingly similar to UAC’s trademarks.

 

    25

    	 

    

 

UNAUTHORIZED USE OF UAC TRADEMARKS

 

Each
of us has a responsibility to protect UAC’s valuable marks. If you become aware of any unauthorized use of a UAC trademark,
e.g , that someone other than a UAC employee or authorized Third Party TM User is using a UAC trademark, please contact the UAC
Legal Department as quickly as possible.

 

 

26

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