Document:

CONSULTING
AGREEMENT

This Consulting
Agreement (“Agreement”) is made this third day of June 2016 (the “Effective Date”), by and between UPAY,
Inc., a Nevada corporation (the “Company”) and Ferdinand Labuschagne (“Consultant”), an individual resident
of South Africa.

WHEREAS,
Consultant provides business advisory services to various companies and offered its services to the Company.

WHEREAS,
the Company retained the Consultant to perform business advisory services for the Company for the stock compensation specified
below to be paid to the Consultant.

WHEREAS,
the Company desires that Consultant provide services and assistance to the Company under the terms and conditions of this Agreement.

NOW, THEREFORE,
the Company and Consultant hereby agree as follows:

1. Whereas
Clauses

The above
whereas clauses are incorporated herein as terms of the Agreement.

2. Consulting
Services

Subject
to the terms and conditions of this Agreement, the Company hereby retains the Consultant to provide business advisory services,
including development of the Company’s business plan, and Consultant agrees, subject to the terms and conditions of this
Agreement, as may be amended in writing from time to time, to render such services during the term of this Agreement.

3. Term.

(a) This
Agreement shall remain in effect for a term of 2 years from the Effective Date, unless sooner terminated as hereinafter provided,
or unless extended by written agreement of the parties.

(b) This
Agreement may be terminated by either party, with or without cause, upon thirty (30) days prior written notice to the other began
prior to the date of notice of termination hereunder.

3. Share
and Warrant Compensation

Pursuant
to this Consulting Agreement the Company: (a) shall pay the Consultant 300,000 restricted common stock shares (the “Shares”)
of the Company (the “Stock Compensation”) to be recorded in book entry at the Company’s transfer agent, which
shares will be recorded in book entry within 20 calendar days after the date of this Agreement; (b) shall grant 2,000,000 warrants
(the “Warrants) exercisable at $3.50 with an exercise period of 2 years following the Effectiveness Notice, which Warrants
will not be issued until the Company receives an Effectiveness Notice from the SEC regarding the Company’s S-l Registration
Statement (the “Exercise Period”); (c) issue the Warrants in written form and provide the written form grant of the
Warrants to the Consultant. Additionally, (a) the Shares and the shares underlying the Warrants shall be locked up for a period
of two years from their issuance, respectively, and the Consultant will be subject to the Dribble Out Agreement attached hereto
as Exhibit A; and (b) the warrant and the Shares compensation term shall survive even in the event of cancellation of the Agreement.
Subject to the terms contained herein, the Company herby grants the Consultant the right to a Cashless Exercise of the Consultant’s
outstanding Warrants. For purpose hereof “Cashless Exercise” shall mean the right of the Consultant to exchange the
outstanding Warrants for the specified number of shares of fully paid nonassessable shares of the Company’s Common Stock,
without the necessity to pay the exercise price in cash.

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4. Independent
contractor status.

The parties
agree that this Agreement creates an independent contractor relationship, not an employer- employee, partnership or joint venture
relationship. Consultant acknowledges and agrees that in connection with this Agreement, the consideration set forth in Section
3 shall be the sole consideration due Consultant for the services rendered hereunder, and the Company will not provide Consultant
with any pension, retirement or employee benefits available to Company’s regular employees, including without limitation
any employee stock purchase plan, social security, unemployment, medical, or pension payments. Consultant acknowledges that all
sums subject to deductions, if any, required to be withheld and/or paid under any applicable state, federal or municipal laws,
including but not limited to income tax withholding, shall be Consultant’s sole responsibility and Consultant shall indemnify
and hold Company harmless from any and all damages, claims and expenses arising out of or resulting from any claims asserted by
any taxing authority as a result of or in connection with said payments. Consultant will not represent himself to be and not hold
himself out as an employee of the Company. In addition, the parties acknowledge that neither party has, or shall be deemed to
have, the authority to bind the other party. Notwithstanding the foregoing, nothing contained in this Section shall limit or prohibit
Consultant’s right or ability to participate in any equity award under any other Agreement, including but not limited to
the Employment Agreement.

5. No
Other Conflicting Agreement.

The Consultant
and Company mutually represent that to the best of their knowledge neither currently has any agreement with, or any other obligation
to, any third party that conflicts with the terms of this Agreement. The parties agree that they shall not intentionally and knowingly
enter into any such agreement.

6. Governing
Law; Jurisdiction; Venue.

The Parties
agree that any claim, controversy or dispute arising out of or relating in any way to this Agreement shall be governed by and
interpreted in accordance with, the laws of the State of Texas without regard to conflicts of law principles.

7. Notices

Any notice
or other communication by one party to the other hereunder shall be in writing and shall be given, and be deemed to have been
given, if either hand delivered or mailed, postage prepaid, certified mail (return receipt requested), addressed as follows:

If to
Consultant:

239 Boschenmeer
Golf Estate,

Paarl,

South Africa.

If to
the Company:

3010 LBJ
Freeway -Suite 1200

Dallas,

Texas

75234

USA

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IN WITNESS WHEREOF,
the parties have executed this Agreement on the Effective Date indicated above

	 	 
		 
	The Consultant, Ferdinand Labuschagne	 

UPAY,
INC.

	 	 	 
	By: 		 
	 	Jaco Fölscher, President	 

    	3Exhibit
A

DRIBBLE
OUT AGREEMENT

This DRIBBLE
OUT AGREEMENT (the “Agreement”), effective as of June 3, 2016 (the “Effective Date”) between UPAY, Inc.,
a Nevada corporation (the “Company”), and Ferdinand Labuschagne, a South African resident who is designated as a Consultant
in the Consulting Agreement (the “Consulting Agreement”), of which this Agreement is Exhibit A to the Consulting Agreement.

The Company
and the Consultant are referred to collectively herein as the “Parties”.

WHEREAS,
the Consultant has entered into a Consulting Agreement with the Company, whereby the Company will pay the Consultant 300,000 restricted
common stock shares of the Company and grant the Consultant 2,000,000 warrants pursuant to the terms in the Consulting Agreement
and this Agreement.

WHEREAS,
pursuant to the terms of this Agreement, Agreement, the Consultant has agreed to limit their common stock sales (the “Lock
Up Shares” or the “Securities”).

NOW, THEREFORE,
in exchange for good and valuable consideration the receipt of which is hereby acknowledged, the parties hereby agree that the
above WHEREAS clauses are incorporated as terms to this Agreement and to the following terms:

1. “Dribble-Out”
Agreement.

(a) The
above clauses of this Agreement are incorporated herein as terms of this Agreement.

(b) Pursuant
to this Dribble Out Agreement and the Consulting Agreement, the Company: (a) shall pay the Consultant 300,000 restricted common
stock shares (the “Shares”) of the Company (the “Stock Compensation”) to be recorded in book entry at
the Company’s transfer agent, which shares will be recorded in book entry within 20 calendar days after the date of this
Agreement; (b) shall grant 2,000,000 warrants (the “Warrants) exercisable at $3.50 with an exercise period of 2 years following
the Effectiveness Notice, which Warrants will not be issued until the Company receives an Effectiveness Notice from the SEC regarding
the Company’s S-l Registration Statement (the “Exercise Period”); (c) issue the Warrants in written form and
provide the written form grant of the Warrants to the Consultant. Additionally, (a) the Shares and the shares underlying the Warrants
shall be locked up for a period of two years from their issuance, respectively; and (b) the warrant and the Shares compensation
term shall survive even in the event of cancellation of the Consulting Agreement. Subject to the terms contained herein, the Company
herby grants the Consultant the right to a Cashless Exercise of the Consultant’s outstanding Warrants. For purpose hereof
“Cashless Exercise” shall mean the right of the Consultant to exchange the outstanding Warrants for the specified
number of shares of fully paid non-assessable shares of the Company’s Common Stock, without the necessity to pay the exercise
price in cash.

2. Dribble
Out. The Consultant agrees not to sell during each quarter after the lock-up period more than 10% of its shares then held and
not more than 1,500 shares per day. Further, in accordance with the terms and conditions set forth in this Agreement:

(a) The
Consultant hereby agrees that, except as permitted under sections (b) and (c) below, during the Dribble Out Period (such period
as defined in (c) below), that The Consultant will sell its shares only according to 1(b) and 1(c) and will not otherwise sell
their shares without the express written consent of the Company, as follows:

(i)
Sell any of the Lock Up Shares or other securities of the Company that the Consultant may acquire.

(ii)
Transfer, assign or otherwise dispose of any of the Lock Up Shares.

(iii)
Pledge, hypothecate, mortgage, encumber or otherwise create a lien on or pertaining to any of the Lock-Up Shares.

(iv)
Loan to any person or entity any of the Lock Up Shares or other of the Company’s securities.

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(v)
Sell short the Lock Up Shares or otherwise affect short sales pertaining to any Lock Up Shares or other of the Company’s
securities

(vi)
Acquire a put option or grant a call option with respect to any of the Company’s shares or other securities.

(vii)
Enter into any agreement, arrangement, or otherwise concerning or directly or indirectly pertaining to any of the foregoing transactions,
or otherwise facilitate any other person or agent conducting any of the foregoing transactions.

(b) For
purposes of this Section, the Dribble Out Period shall mean the period beginning on the date as provided for in 1(b) and 1(c),
respectively, and ending twenty-four (24) months thereafter (the “Dribble Out Period”). The Company’s Board
of Directors by corporate resolution or Board meeting shall approve this Agreement in form and substance on or before the Effective
Date.

(c) Notwithstanding
the foregoing, provided that the Company agrees in writing, the Consultant may transfer the Company’s securities without
payment or other consideration: (i) if the Consultant’s principal(s) is an individual, to any family member, (ii) to any
direct or indirect parent or subsidiary or. In each such case of transfer, assuming the Company agrees to the transfer in writing,
the transferee will be required to execute a Dribble Out Agreement and no transfer shall be effective or need be recognized by
the Company until receipt of an executed counterpart of this Agreement by the transferee.

(d) The
Consultant further agrees that before and after termination of the Dribble Out Period, the Consultant will comply with all securities
laws, rules and regulations when purchasing or reselling the Company’s securities, including, without limitation, those
prohibiting sales and purchases of securities while in possession of material nonpublic information or that otherwise are in violation
of the insider trading rules promulgated by the Securities and Exchange Commission, and requiring the filing of accurate and truthful
insider reports with the Securities and Exchange Commission.

(e) The
certificate for the Lock Up Shares of the Consultant shall have a legend in form and substance acceptable to the Company referring
to the restrictions of this Agreement and the Company may instruct the Company’s transfer agent to stop any transfer of
any securities in violation of this Agreement and may take any other action required to avoid violation of this Agreement, including,
without limitation, obtaining an injunction.

(f) The
provisions of this Section shall continue in effect after the Lock Up Shares are registered pursuant to any Registration Statement
filed under the Securities Act of 1933, as amended.

(g) Stop
Transfer Instructions. The Consultant agrees that the Company may issue instructions to its transfer agent that prohibits transfer
in violation of this Agreement.

(h) Voting
of Securities. The Consultant shall maintain voting rights attached to the Lock Up Shares. Additionally, the Consultant shall
maintain voting rights to the shares underlying the Warrants, but said voting rights will not be effective until after the Warrant
Exercise and the shares underlying the warrants are issued to the Consultant.

(2) The
representations, warranties, understandings, acknowledgments and agreements in this Agreement are true and accurate as of the
date hereof, shall be true and accurate as of the date of the acceptance hereof by the Company and shall survive thereafter.

(3) This
Agreement shall be enforced, governed and construed in all respects in accordance with the laws of the State of Texas, as such
laws are applied by the Texas courts to agreements entered into and to be performed in Texas, and shall be binding upon the Consultant,
the Consultant’s heirs, estate, legal representatives, successors and assigns and shall inure to the benefit of the Company
and its successors and assigns.

(4) The
Consultant agrees not to transfer or assign this Agreement, or any of the Consultant’s interest herein, without the express
written consent of the Company.

(5) This
Agreement constitutes the entire agreement among the parties hereto with respect to the subject matter hereof and supersedes any
and all prior or contemporaneous representations, warranties, agreements and understandings in connection therewith. Only a writing
executed by all parties hereto may amend this Agreement. This Agreement may be executed in one or more counterparts.

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

	 	 	 	 	 
	UPAY, INC.	 	THE CONSULTANT
	 	 	 
	By: 		 	By: 	
	 	Jaco Folscher, President	 	 	Ferdinand Labuschagne

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