Document:

ex10-6.htm

    Exhibit
10.6

     

    
      
      

       

      
        
          	
                  

                		

        

      

       

       

      

      

      May __,
2009

      

      Mr.
Mitchell John

      Lamar
Valley, LLC

      3440 S.
60th
Street West

      Billings,
Montana 59106

      

      Re: Production & Revenue Share
Letter Agreement

      

      Gentlemen:

      

      Upon your
approval and execution below, this Production & Revenue Share Letter
Agreement (the “Agreement”) is entered into as of May 18, 2009 (the “Effective
Date”) by and among Modavox, Inc., a Delaware corporation with a principal place
of business at 1900 W. University Drive, Suite 231, Tempe, Arizona 85281
(“Producer"), Lamar Valley, LLC, a Texas limited liability company doing
business as High Line Media Communications Company with a principal place of
business at 2100 Post Oak Crossing, Sherman Texas 75092 (“High Line”) and
Mitchell John, an individual residing at 3440 S. 60th Street
West, Billings, Montana 59106.   High Line and Mitchell John are
referred to collectively herein as MJ.  Producer and MJ are referred
to collectively herein as the “Parties.”

      

      The
purpose of the Agreement is to describe the terms and conditions under which
Producer and MJ will produce and promote a series of talk radio shows featuring
Mitchell John to be aired on and over the Modavox-owned/managed VoiceAmerica
Network, World Talk Radio, and/or associated portals (the "Network") for the
Production Period commencing on the Effective Date and ending one (1) year after
the Effective Date, as described below.

      

      The
Parties hereby agree as follows:

      

      I.          Production
of Shows, MJ Bus Tour & “Top 50 Countdown”

      

      (a)           Producer
will develop and produce a series of talk radio shows and related on-demand
programming featuring Mitchell John, to broadcast over the Network on a daily
basis (Monday through Friday) (the “Shows”), as follows:

      

      (i)           Each
Show will be forty-four (44) minutes in length.

      

      (ii)           Each
Show will be hosted by one or more individuals designated by MJ who, among other
things, will, address current events, music countdowns, events, tour,
etc.

      

      (iii)           Each
Show will be consistent with the content, reputation and brand identity of MJ
and the Network’s programming and production guidelines. The Network will afford
MJ the opportunity to provide input during the production of each Show and will
have editorial approval with respect to each Show.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      (iv)           The
Parties will reach mutual agreement as to the production schedule for the first
fifty two (52) weeks after the Effective Date (the “First Season”).

      

      (b)           Commencing
on or about May 1, 2009, MJ will conduct a promotional “bus tour” to promote the
Shows, including the Show “MJ in the Morning,” and the
Network.   The bus used for the promotional “bus tour” will
display the Voice America logo and other Producer logos, to be
determined.  Producer will also solicit eight (8) promotional sponsors
whose name and/or logo will be displayed on the tour bus.  Acceptance
of each promotional sponsor to be displayed on the tour bus shall be in the sole
discretion of MJ.

      

      (c)           MJ
will host a weekly two-hour “Top Fifty Countdown” show on the Network related to
top country and gospel music recordings (the “Top 50 Countdown”).  The
Top Fifty Countdown will be played each Saturday morning on Voice America and
World Talk Radio.

      

      II.        Rights
Granted

      

      In
exchange for the consideration provided hereunder, MJ will grant to Producer the
following exclusive perpetual rights and licenses:

      

      (a)           To
exhibit, distribute, transmit, display, exploit, rebroadcast and perform
(collectively, to "Exhibit") the First Season of the Shows and the Top Fifty
Countdown by any and all means of radio transmission and delivery, including but
not limited to the Internet, whether now known or hereafter developed on a
worldwide basis (“Distribution"), and on and over the Network;

      

      (b)           To
use the Shows  and Top Fifty Countdown for: (i) audience and marketing
testing; (ii) sponsor/advertiser screening and; (iii) reference and file
purposes;

      

      (c)           To
promote each of the Shows and the Top Fifty Countdown in any manner or media,
including without limitation, the right to use and license others to use
Mitchell John’s name for the sole purpose of promoting the Show and the Top
Fifty Countdown, the title of, trailers created for and excerpts from each Show
and the Top Fifty Countdown and the name, voice and likeness of and any
biographical material concerning all persons appearing in or connected with each
such Show or the Top Fifty Countdown for the purpose of obtaining sponsors and
advertising, promoting and/or publicizing each such Show and the Top Fifty
Countdown; provided, however, that MJ will make reasonable efforts to promote
the Shows and the Top Fifty Countdown in at least as favorable a manner, media,
and number of exposures; and

      

      (d)           To
include Producer’s name, trademark and logo in each of the Shows and the Top
Fifty Countdown and to identify Producer as the exhibitor of the Shows and the
Top Fifty Countdown.

      

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                III.

              	
                Compensation

              

      

      

      As
consideration for the Parties respective obligations hereunder, the Parties
agree to the following compensation and revenue sharing
arrangement:

      

      (a)           Producer
will pay to MJ ten percent (10%) of the gross ad buys or advertising contract
amount associated with the Shows and the Top Fifty Countdown. Sponsor will remit
MJ’s share of such gross ad buys within fifteen (15) days following the
completion of each calendar month.  In addition, Producer will issue
to MJ ten thousand (10,000) registered shares of Producer common stock for each
group of twenty-five 25 syndicated stations that contract with Producer to
broadcast the Top Fifty Countdown.  Such registered shares will be
issued to MJ as soon as practicable following Producer’s registration of such
shares as required by SEC rules and regulations.

      

      (b)           Advertising
revenue associated with visual advertising placed on the tour bus described in
Section I(b) above will first be paid to reimburse or cover all expenses related
to wrapping the tour bus in promotional sponsors, including the initial wrapping
of the bus on May 1, 2009.  All revenue thereafter will be split 50/50
by and between MJ and Producer for the one-year Term of this
Agreement.

      

      (c)           MJ
will receive, or be eligible to receive, additional compensation in the form of
Producer common stock or warrants to purchase common stock, as
follows:

      

      (i)           Producer
will issue to MJ twenty-five thousand (25,000) registered shares of Producer
common stock as soon as practicable following Producer’s registration of such
shares as required by SEC rules and regulations

      

      (ii)           Upon
the one year anniversary of the Effective Date, MJ will be granted warrants to
purchase one hundred thousand (100,000) un-registered shares of Producer common
stock at a price of $2.40 per share, which warrants will expire if not exercised
within two (2) years from the date of grant. Shares issued to MJ per
such exercise may not be sold by MJ, with respect to the first fifty thousand
(50,000) shares, until after six (6) months from the date of issuance and, with
respect to the second fifty thousand (50,000) shares, until after twelve (12)
months from the date of issuance.

      

      (iii)             In
addition to the Compensation described above, beginning with the calendar
quarter commencing June 1, 2009, MJ shall receive quarterly payments, payable in
common stock of Producer, in the amount of five thousand and four hundred
(5,400) shares per calendar quarter as compensation for promotion of the Network
through performance of the activities described in Section IV(b) of this
Agreement.  Any such payment: (a) will be issued to MJ within thirty
(30) days following the last day of the calendar quarter for which the bonus is
payable and; (b) will be in the form  of unregistered securities
bearing a restricted legend and subject to applicable SEC restrictions on
re-sale.

      

      IV.       Advertising

      

      (a)           Producer
will have the right to sell eight (8) minutes of commercial announcement time
per each hour Show and the Top Fifty Countdown and to disburse all revenue
derived therefrom as provided in Section III(a). MJ will assist Producer in
selling such advertising by providing information and materials which he
provides to other marketers of advertising.

      

      (b)           
MJ will use his best efforts to promote the Network through the following
activities:

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      (i)           Appearance
by Mitchell John on radio music shows, daily talk radio shows and live national
television shows (music and talk);

      

      (ii)           Performance
by Mitchell John at live concerts in southern and northwestern United States,
including eight (8) or more church performances featuring audiences of five
hundred (500) or more and five (5) medium concert performances featuring
audiences of two thousand (2,000) or more;

      

      (iii)           Wal-Mart
in-store appearances (20 or more throughout United States);

      

      

      (iv)           Creation
and national broadcasts of Vanishing Days of the Cowboy Video Series I & II
on RFD Television or another nationally rated broadcast station;

      

      (v)           Appearance
by Mitchell John in additional major regional radio markets related to Mitchell
John’s Great American Life Stories (planned for Q4 2009 and 2010).

      

      (vi)           Promotion
of Bus Tour in multiple United States markets during travel and performances
associated with filming Vanishing Days of the Cowboy series.

      

      (vii)           MJ
will credit Producer with one (1) minute per hour on his National Television
Show, plus two (2) 30-second spots on his Top 50 Countdown.

      

      
        	
                V.

              	
                Confidentiality

              

      

      

      (a)           To
further the business relationship between MJ and Producer, MJ and Producer will
each be revealing to the other certain proprietary information and Intellectual
Property Rights (as hereinafter defined), from which each party might derive
economic value, actual or potential, from such information not being generally
known to, and not being readily ascertainable by proper means by, other persons
who can obtain economic value from its disclosure or use, and which is the
subject of efforts that are reasonable under the circumstances to maintain its
secrecy. This proprietary information is hereinafter referred to collectively as
the “Protected Information.” “Protected Information” will not include
information that (i) is publicly available prior to the date of this Agreement;
(ii) becomes publicly available after the date of this Agreement through no
wrongful act of the receiving party; (iii) is furnished to others by the
disclosing party without similar restrictions on their right to use or disclose;
(iv) is rightfully known by the receiving party without any proprietary
restrictions at the time of receipt of such information from the disclosing
party or becomes rightfully known to the receiving party without proprietary
restrictions from a source other than the disclosing party; (v) is independently
developed by the receiving party by persons who did not have access, directly or
indirectly, to the proprietary information; or (vi) is obligated to be produced
under order of a court of competent jurisdiction or a valid administrative or
congressional subpoena, provided that the receiving party promptly
notifies the disclosing party of such event so that the disclosing party
may seek an appropriate protective order. For purposes hereof, “Intellectual
Property Rights” means patents and applications therefor, trademarks and
applications therefor, service marks and applications therefor, copyrights and
applications therefor, and trade secrets.

      

      (b)           As
a condition to each of the undersigned parties sharing with the other, whether
in writing or orally, any Protected Information, each party hereby acknowledges
and agrees with the other as follows: (i) the Protected Information, whether now
or hereafter furnished to the receiving party in whole or in part, is
confidential; (ii) the receiving party’s business and prospects could be damaged
if the receiving party’s Protected Information is disclosed to the receiving
party without such party’s consent; and (iii) Producer and MJ will each keep
confidential and refrain from disclosing or divulging to any person the other’s
Protected Information without the other’s prior written consent (other than
disclosures to the receiving party’s agents, representatives or employees who
will be bound by the terms of this Agreement and advised that the other’s
Protected Information must be treated as confidential). The receiving party will
not use the other’s Protected Information (nor permit the use thereof) in a
manner or for a purpose detrimental to the other’s business. Upon request at any
time, the receiving party will return to the disclosing party all of the
disclosing party’s Protected Information.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      (c)           The
mutual obligations of confidentiality of Producer and MJ with respect to
Protected Information which constitutes trade secrets under the Uniform Trade
Secrets Act (or other similar applicable law) will run for as long as such
information remains a trade secret. The mutual obligations of confidentiality of
Producer and MJ with respect to Protected Information that is not covered under
the Uniform Trade Secrets Act (or other similar applicable law), will run for
three (3) years from the date of disclosure pursuant to this
Agreement.

      

      (d)           Wrongful
disclosure or use of Protected Information in contravention of the provisions of
this Agreement will give rise to irreparable injuries not adequately compensable
in damages. If preliminary injunctive relief to maintain the status quo is
required, such relief may be sought by any of the undersigned parties from any
court of competent jurisdiction, each Party agrees to be bound by any and all
orders rendered by such court.

      

      

      
        	
                VI.

              	
                Independent
      Contractor Status

              

      

      

      The
employees, subcontractors, methods, facilities and equipment used by Producer
and MJ, respectively, will be at all times under its exclusive direction and
control.  MJ’s relationship to Producer under this Agreement is that
of an independent contractor, and nothing in this Agreement will be construed to
constitute MJ, its subcontractors or any of their employees as an employee,
agent, associate, joint venturer, or partner of Producer, or vice versa. It is
agreed that Producer’s employees who are assigned to MJ work under this
Agreement will at all times be and remain employees of
Producer.   Any materials or equipment provided by a Party under
this Agreement will remain the property of such Party.

      

      VII.      Limited
Representations & Warranties

      

      (a)           MJ
hereby represents and warrants to Producer that: (a) it has the authority and
capacity to execute and deliver this Agreement and perform its obligations
hereunder on behalf of itself and on behalf of any subsidiary or affiliate of
MJ; (b) this Agreement constitutes a legal, valid and binding obligation of MJ,
enforceable against MJ in accordance with its terms; (c) it has all necessary
rights or approvals for Producer to be able to obtain the rights conveyed under
this Agreement; and (d) its business activities comply with all applicable
federal, state and local laws and regulations.

      

      (b)           Producer
hereby represents and warrants to MJ that: (a) it has the authority and capacity
to execute and deliver this Agreement and perform its obligations hereunder; (b)
this Agreement constitutes a legal, valid and binding obligation of Producer,
enforceable against Producer in accordance with its terms;  (c) it has
all necessary rights or approvals, for which it is responsible, for Producer to
perform the activities contemplated hereunder; and (d) in executing its duties
under this Agreement it will comply with all applicable federal, state and local
laws and regulations.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      VIII.    Term
& Termination

      

      (a)           The
term of this Agreement will commence as of the Effective Date and will continue
for the initial term of one (1) year(the “Initial Term”), unless terminated in
accordance with (b) or (c) below.  If the Parties desire to extend the
Agreementfor another term, the Parties shall begin negotiations at least thirty
(30) days prior to the expiration of the Initial Term and use their best efforts
to timely execute a new agreement so as not to interrupt the consistent
broadcast of the shows.

      

      (b)           If
either Party materially defaults in the performance of any of its material
obligations set forth in this Agreement and does not substantially cure such
default within thirty (30) days after being given written notice specifying the
default, then the Party not in default may, by giving written notice thereof to
the defaulting Party, terminate this Agreement as of a date specified in such
notice of termination.  The foregoing terms are subject to Subsection
VIII(e) below (“Cure Period”) and Section IX (“Dispute Resolution &
Governing Law”) of the Agreement.

      

      (c)           Either
Party may terminate this Agreement immediately if the other Party breaches the
terms of Section V of this Agreement.

      

      (d)           Sections
II, V through VII and IX will survive termination of this
Agreement.

      

      (e)           Any
cure period provided for in the preceding Subsection VIII(b) will be extended
for an additional thirty (30) days (or such longer period as the parties may
agree in writing), if: (i) the breaching Party is making diligent efforts to
cure the breach with due regard for the seriousness of the
non-performance and its impact upon the other Party; (ii) a cure cannot
reasonably be achieved within the applicable cure period; and (iii) within the
initial thirty (30) day cure period, the breaching Party gives the other Party
written notice of the actions it is taking to cure the breach and the number of
days that it believes will be required to cure the breach.

      

      IX        Dispute
Resolution & Governing Law

      

      (a)           Should
a dispute arise between the parties under or relating to this Agreement, each
party agrees that prior to initiating any formal proceeding against the other
(except for the seeking of injunctive relief), the parties will comply with the
following dispute resolution process:  Each party will initially
designate a representative for purposes of seeking to amicably resolve the
dispute.  The parties’ representatives will arrange to promptly meet
and discuss in good faith the resolution of the dispute.  If the
parties' representatives are unable to resolve the dispute within fifteen (15)
business days, either may, upon written notice to the other party, require that
the dispute be submitted to more senior representatives within each party
("Senior Representatives").  The Senior Representatives of each party
will meet as soon as possible to negotiate in good faith to resolve the
dispute.  If the Senior Representatives are unable to resolve the
dispute within fifteen (15) business days after submission of the dispute to
them, or such longer period for resolution as may be mutually agreed in writing
by the Senior Representatives, then the parties may (but only if both parties
consent) seek resolution of the dispute by non-binding arbitration administered
by and under the then-current rules of American Arbitration Association ("AAA"),
or in jurisdictions where the AAA is not present, an equivalent independent
arbitration organization.  The location of the proceeding will be
determined by the arbitrator after consultation with the parties.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      (b)           This
Agreement will be governed by and construed in accordance with the laws of the
State of Arizona without giving effect to principles of conflicts of
laws.  Each Party agrees that the service of process or of any other
papers upon them by certified mail at their respective address set forth herein
will be deemed good, proper and effective service and hereby expressly waives
any defense based on lack of personal jurisdiction for any such
purpose.

      

      X.        Assignment;
Subcontracts.

      

      Neither
Party may assign this Agreement or any right or obligation hereunder either in
whole or in part without the written consent of the other Party, except, with
respect to Producer, (a) to any entity directly or indirectly controlling,
controlled by, or under common control with the assigning Party, or (b) to the
successor (by sale, merger, reorganization or otherwise) to the business
operations of the assigning Party.

      

      

      XI.        Force
Majeure

      

      Producer
and MJ will be excused from performance of  each Party’s respective
obligations pursuant to this Agreement for any period and to the extent
that  each Party is prevented from performing such obligations, in
whole or in part, as a result of delays caused by  the other Party or
a third party, or an act of God, severe weather, war, civil disturbance, court
order or any other cause over which Augme does not have direct control,
including internet or communication problems, third party hardware or software
errors, computer viruses or similar harmful programs or data, or unauthorized
access or theft; provided such Party has taken reasonable and prudent actions to
minimize loss and prevent disruption on account of such events (a "Force Majeure
Event").  Each Party will immediately notify the other Party of the
occurrence of any Force Majeure Event and describe in reasonable detail the
nature of the Force Majeure Event, including the actions taken to minimize loss,
and provide a preliminary estimate of the time expected to cure interruption in
Services caused by the Force Majeure Event.   Each Party will
take reasonable actions to resume, or provide alternative performance of its
obligations as soon as feasible.

      

      XII.        General.

      

      This
Agreement constitutes the entire agreement between the parties with respect to
the subject matter hereof and this Agreement will supersede any other written
document related to the subject matter covered by this Agreement, and there are
no representations, understandings or agreements relative hereto which are not
fully expressed herein.  No amendment, change, waiver, or discharge
hereof will be valid unless in writing and signed by an authorized
representative of the Party against which such amendment, change, waiver, or
discharge is sought to be enforced.  All provisions of this Agreement
relating to proprietary rights and confidentiality and such other terms which by
their nature are intended to continue, will survive termination of this
Agreement. The provisions of this Agreement are intended to benefit only the
parties hereto, and their respective permitted agents, successors and
assigns.  No rights will be granted to any other person by virtue
of this Agreement, and there will be no third party beneficiaries
hereof.  The invalidity or unenforceability of any provision of this
Agreement will not affect the other provisions, and this Agreement is to be
construed in all respects to the extent possible to fulfill the purposes of this
Agreement with the omission of such invalid or unenforceable
provision.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      XIII.       Publicity

      

      The
Parties may issue a mutually agreeable joint press release on or after the
Effective Date announcing their relationship.

      

      
        	
                 
      

              	
                * *
      *

              

      

      Very
truly yours,

      Producer’s.

      

      By: /s/ Jeff Spenard

      Jeff
Spenard 

      iRadio
President

      

      ACCEPTED
AND AGREED:

      Mitchell
John

      

      By: /s/ Mitchell John

      Mitchell
John

      

      

      ACCEPTED
AND AGREED:

      Lamar
Valley, LLC

      

      By: /s/ Mitchell John

      Mitchell
John

       

       

       

       

       

       

       

       

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      Exhibit
A

      

      Performance-Based
Compensation

      

      The
following performance-based compensation will be payable to MJ upon satisfaction
of the performance milestones identified below:

      

      I.           Annual
Bonus Opportunity

      

      (a)           Following
the one year anniversary of the Effective Date, Producer will issue to MJ thirty
four thousand (34,000) shares of Producer common stock if the Show “MJ in the
Morning” attracts twenty five thousand (25,000) average monthly listeners and
earns fifty thousand dollars ($50,000.00) in advertising revenue by the end of
the first year after the Effective Date.  Such shares (i) will be
unregistered securities bearing a restricted legend and subject to applicable
SEC restrictions on re-sale; and (ii) will be issued as soon as practicable
(which shall be no later than 14 days) following MJ’s satisfaction of the
performance criteria.

       

      

      (b)           If,  the
performance goals specified in (a) above are partially but not completely
satisfied, such bonus payment will be made on a pro-rata basis based on the
extent to which each such annual goal is satisfied.ex10-7.htm

    Exhibit
10.7

     

    NEITHER
THE SECURITIES REPRESENTED HEREBY NOR THE SECURITIES ISSUABLE UPON THE EXERCISE
HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“ACT”), OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD UNLESS AT
THE TIME OF SUCH OFFER OR SALE, THE PERSON MAKING SUCH OFFER OR SALE DELIVERS A
PROSPECTUS MEETING THE REQUIREMENTS OF SECTION 10 OF THE ACT, FORMING A PART OF
A REGISTRATION STATEMENT, OR POST-EFFECTIVE AMENDMENT THERETO, WHICH IS
EFFECTIVE UNDER SAID ACT, OR UNLESS, IN THE OPINION OF COUNSEL TO THE
CORPORATION, SUCH OFFER AND SALE IS EXEMPT FROM THE PROVISIONS OF SECTION 5 OF
THE ACT.

     

    MODAVOX,
INC.

     

    COMMON
STOCK PURCHASE WARRANT

     

    November
21, 2007

     

    Modavox,
Inc. (the “Company”), a Delaware
corporation, hereby certifies that, for value received, Barry M. Goldwater, Jr.
(together with all permitted assigns, the “Holder”), is
entitled, subject to the terms set forth below at any time or from time to time
after the date hereof and before the Expiration Date (as defined below), to
purchase from the Company up to ONE HUNDRED TWENTY THOUSAND (120,000) shares
(the “Shares”)
of the Company’s common stock at a price of $1.15 per Share (the purchase price
per Share, as adjusted from time to time pursuant to the provisions hereunder
set forth, is referred to in this Warrant as the “Purchase
Price”).

     

    
      	
              1.

            	
              Time of
      Exercise.  Subject to the provisions of Sections 4,
      “Transfer and Assignment,” and 15, “Legends,” this Warrant may be
      exercised at any time and from time to time after November 21, 2007 (the
      “Exercise
      Commencement Date”), but no later than 5:00 p.m., P.S.T., November
      21, 2010 (the “Expiration
      Date”), constituting a period of three (3) years, at which point
      this Warrant shall become void and all rights hereunder shall
      cease.

            

    

     

    2.         Manner of
Exercise.

     

    
      	
               
      

            	
              2.1

            	
              The
      Holder may exercise this Warrant, in whole or in part, at any time before
      the Expiration Date, upon surrender of this Warrant with the form of
      subscription attached hereto duly executed to the Company at its corporate
      office located at 4636 University Drive, Suite 275, Phoenix, Arizona 85034
      together with the full Purchase Price for each Share to be purchased in
      lawful money of the United States, or by certified check, bank draft or
      postal or express money order payable in United States dollars to the
      order of the Company, and upon compliance with and subject to the
      conditions set forth in this
Warrant.

            

    

     

    
      	
               
      

            	
              2.2

            	
              Upon
      receipt of this Warrant with the form of subscription duly executed and
      accompanied by payment of the aggregate Purchase Price for the Shares for
      which this Warrant is then being exercised, the Company shall cause to be
      issued certificates or other evidence of ownership, for the total number
      of whole Shares for which this Warrant is being exercised in such
      denominations as are required for delivery to the Holder, and the Company
      shall thereupon deliver such documents to the Holder or its
      nominee.

            

    

     

    
      	
               
      

            	
              2.3

            	
              If
      the Holder exercises this Warrant with respect to fewer than all of the
      Shares that may be purchased under this Warrant, the Company shall execute
      a new Warrant for the balance of the Shares that may be purchased upon
      exercise of this Warrant and deliver such new Warrant to the
      Holder.

            

    

     

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              3.

            	
              Holder as
      Owner.  Prior to due presentment for registration of
      transfer of this Warrant, the Company may deem and treat the Holder as the
      absolute owner of this Warrant (notwithstanding any notation of ownership
      or other writing hereon) for the purpose of any exercise hereof and for
      all other purposes, and the Company shall not be affected by any notice to
      the contrary.  Irrespective of the date of issue and delivery of
      certificates for any Shares issuable upon the exercise of the Warrant,
      each person in whose name any such certificate is issued shall be deemed
      to have become the holder of record of the Shares represented thereby on
      the date on which all or a portion of the Warrant surrendered in
      connection with the subscription therefor was surrendered and payment of
      the purchase price was tendered.  No surrender of all or a
      portion of the Warrant on any date when the stock transfer books of the
      Company are closed, however, shall be effective to constitute the person
      or persons entitled to receive Shares upon such surrender as the record
      holder of such Shares on such date, but such person or persons shall be
      constituted the record holder or holders of such Shares at the close of
      business on the next succeeding date on which the stock transfer books are
      opened.  Each person holding any Shares received upon exercise
      of Warrant shall be entitled to receive only dividends or distributions
      payable to holders of record on or after the date on which such person
      shall be deemed to have become the holder of record of such
      Shares.

            

    

     

    
      	
              4.

            	
              Transfer and
      Assignment.  This Warrant may not be sold, hypothecated,
      exercised, assigned or transferred except in accordance with and subject
      to the provisions of the Act.

            

    

     

    
      	
              5.

            	
              Method for
      Assignment.  Any assignment permitted under this Warrant
      shall be made by surrender of this Warrant to the Company at its principal
      office with the form of assignment attached hereto duly executed and funds
      sufficient to pay any transfer tax.  In such event, the Company
      shall, without charge, execute and deliver a new Warrant in the name of
      the assignee designated in such instrument of assignment and this Warrant
      shall promptly be canceled.

            

    

     

    
      	
              6.

            	
              Taxes.  The
      issuance of any Shares upon the exercise of this Warrant and the delivery
      of certificates or other instruments representing such shares or other
      securities shall be made without charge to the Holder for any tax or other
      charge in respect of such issuance.  The company shall not,
      however, be required to pay any tax which may be payable in respect of any
      transfer involved in the issue and delivery of any certificate in a name
      other than that of the Holder and the Company shall not be required to
      issue or deliver any such certificate unless and until the person or
      persons requesting the issue thereof shall have paid to the Company the
      amount of such tax or shall have established to the satisfaction of the
      Company that such tax has been
paid.

            

    

     

    
      	
              7.

            	
              Registration
      Rights.

            

    

     

    
      	
               
      

            	
              7.1

            	
              The
      Holder shall have the limited right to join with the Company to register
      the Shares in a resale registration statement filed by the Company with
      the SEC under the Act including a registration statement filed by the
      Company with the SEC on Form S-8.  This right to join with the
      Company in a registration statement under the Act is not applicable to a
      registration statement filed by the Company with the SEC on Form S-4 or
      any other inappropriate form.  If, at any time, the Company
      proposes to file a registration statement as described in this Paragraph
      7.1, it shall give timely written notice of such proposed filing to the
      Holder and its designees at their addresses appearing on the records of
      the Company and shall offer to include in any such filing any proposed
      disposition of the Shares.  Within fifteen (15) days of receipt
      of the Company’s notice of filing, the Holder may request registration of
      the Shares pursuant to a written request setting forth the intended method
      of distribution and such other data or information as the Company or its
      counsel shall reasonably require and such Shares shall be included in the
      registration statement under the Act to the maximum extent
      permissible.

            

    

     

     

     

     

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
      	
               
      

            	
              7.2

            	
              In
      connection with any registration of its securities, the Company shall
      supply the Holder with copies of such registration statement, and of the
      prospectus included therein, in such quantities as may be reasonably
      necessary for the purpose of the proposed disposition.  The
      Company will pay all registration expenses in connection with the
      registration pursuant to Section 7.1.  Such reasonable expenses
      will include all registration of filing fees, all fees and expenses of
      compliance with securities or blue-sky laws, printing expenses and
      reasonable fees and disbursements of counsel for the Company and its
      independent certified public accountants.  The Company is not
      required to pay any fees or expenses of Holder, legal counsel of the
      Holder, or accountant or any other
advisors.

            

    

     

    
      	
               
      

            	
              7.3

            	
              The
      Company and the Holder shall indemnify and hold harmless each other and
      their respective affiliates from and against any loss, liability, claim,
      damage and expense (including reasonable attorneys’ fees) to the extent
      resulting from any untrue statement or alleged untrue statement of a
      material fact contained in any registration statement pursuant to which
      the Shares were registered under the Act, or any amendment thereto,
      including all documents incorporated by reference, or from the omission or
      alleged omission therefrom of a material fact required to be stated
      therein or necessary to make the statement not misleading; provided, that
      the obligations of the Holder to indemnify the Company and its affiliates
      shall be limited to the proceeds received by the Holder from the sale of
      the Shares pursuant to the registration statement and shall only apply
      with respect to the information furnished in writing by the Holder or on
      the Holder’s behalf expressly for use in the registration statement or any
      prospectus relating to the Shares or any amendment or supplement
      thereto.  The indemnification required by this Section 7.3 shall
      be in a form typical for transactions of such
  nature.

            

    

     

    
      	
              8.

            	
              Rights of
      Holder.  Nothing contained in this Warrant shall be
      construed as conferring upon the Holder the right to vote or consent or
      receive notice as a stockholder in respect of any meetings of stockholders
      for the election of directors or any other matter, or as having any rights
      whatsoever as a stockholder of the
Company.

            

    

     

    
      	
              9.

            	
              Covenants of the
      Company.  The Company covenants and agrees as
      follows:

            

    

     

    
      	
               
      

            	
              9.1

            	
              At
      all times it shall reserve and keep available for the exercise of this
      Warrant into common stock such number of authorized shares of common stock
      as are sufficient to permit the exercise in full of this Warrant into
      common stock; and

            

    

     

    
      	
               
      

            	
              9.2

            	
              All
      Shares issued upon exercise of the Warrant shall be duly authorized,
      validly issued and outstanding, fully paid and
    non-assessable.

            

    

     

    
      	
              10.

            	
              Recapitalization.  The
      number of Shares purchasable on exercise of this Warrant and the Purchase
      Price therefor shall be subject to adjustment from time to time in the
      event that the Company shall:  (i) subdivide its
      outstanding shares of common stock into a greater number of shares,
      (ii) combine its outstanding shares of common stock into a smaller
      number of shares, or (iii) spin-off a subsidiary by distributing, as
      a dividend or otherwise, shares of the subsidiary to its
      stockholders.  In any such case, the total number of shares
      purchasable on exercise of this Warrant immediately prior thereto shall be
      adjusted so that the Holder shall be entitled to receive, at the same
      aggregate purchase price, the number of shares of common stock that the
      Holder would have owned or would have been entitled to receive immediately
      following the occurrence of any of the events described above had this
      Warrant been exercised in full immediately prior to the occurrence (or
      applicable record date) of such event.  An adjustment made
      pursuant to this Section 9 shall, in the case of a stock dividend or
      distribution, be made as of the record date and, in the case of a
      subdivision or combination, be made as of the effective date
      thereof.  If, as a result of any adjustment pursuant to this
      Section 9, the Holder shall become entitled to receive shares of two or
      more classes of series of securities of the Company, the Board of
      Directors of the Company shall equitably determine the allocation of the
      adjusted purchase price between or among shares or other units of such
      classes or series and shall notify the Holder of such
      allocation.

            

    

     

     

     

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
      	
              11.

            	
              Merger or
      Consolidation.  In the event of any reorganization or
      recapitalization of the Company or in the event the Company consolidates
      with or merges into another entity or transfers all or substantially all
      of its assets to another entity, then and in each such event, the Holder,
      on exercise of this Warrant as provided herein, at any time after the
      consummation of such reorganization, recapitalization, consolidation,
      merger or transfer,  shall be entitled, and the documents
      executed to effectuate such event shall so provide, to receive the stock
      or other securities or property to which the Holder would have been
      entitled upon such consummation if the Holder had exercised this Warrant
      immediately prior thereto.  In such case, the terms of this
      Warrant shall survive the consummation of any such reorganization,
      recapitalization, consolidation, merger or transfer and shall be
      applicable to the shares of stock or other securities or property
      receivable on the exercise of this Warrant after such
      consummation.  and as an exchange for a larger or smaller number
      of shares, as the case may be.

            

    

     

    
      	
              12.

            	
              Notice of Dissolution or
      Liquidation.  Except as otherwise provided in Section 10,
      in the case of any sale or conveyance of all or substantially all of the
      assets of the Company in connection with a plan of complete liquidation of
      the Company, or in the case of the dissolution, liquidation or winding up
      of the Company, all rights under this Warrant shall terminate on a date
      fixed by the Company, such date so fixed to be not earlier than the date
      of the commencement of the proceedings for such dissolution, liquidation
      or winding up and not later than thirty (30) days after such commencement
      date.  Notice of such termination of purchase rights shall be
      given to the Holder at least thirty (30) days prior to such termination
      date.

            

    

     

    
      	
              13.

            	
              Statement of
      Adjustment.  Any adjustment pursuant to the provisions of
      Sections 9, 10 or 11 shall be made on the basis of the number of Shares
      which the Holder would have been entitled to acquire by exercise of this
      Warrant immediately prior to the event giving rise to such adjustment and,
      as to the Purchase Price in effect immediately prior to the rise to such
      adjustment.  Whenever any such adjustment is required to be
      made, the Company shall forthwith determine the new number of Shares which
      the Holder hereof shall be entitled to purchase hereunder and/or such new
      Purchase Price and shall prepare, retain on file and transmit to the
      Holder within ten (10) days after such preparation a statement describing
      in reasonable detail the method used in calculating such
      adjustment.

            

    

     

    
      	
              14.

            	
              No Fractional
      Shares.  The Company shall not issue any fraction of a
      Share in connection with the exercise of this Warrant, and in any case
      where the Holder would, except for the provisions of this Section 13, be
      entitled under the terms of this Warrant to receive a fraction of a Share
      upon such exercise, the Company shall upon the exercise and receipt of the
      Purchase Price, issue the largest number of whole Shares purchasable upon
      exercise of this Warrant.  The Company shall not be required to
      make any cash or other adjustment in respect of such fraction of a Share
      to which the Holder would otherwise be entitled.  The Holder, by
      the acceptance of this Warrant, expressly waives his right to receive a
      certificate for any fraction of a Share upon exercise
    hereof.

            

    

     

     

     

     

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
      	
              15.

            	
              No Change in Form
      Required.  The form of Warrant need not be changed
      because of any change pursuant to Sections 9, 10 or 11 in the Purchase
      Price or in the number of Shares purchasable upon the exercise of a
      Warrant and may state the same Purchase Price and the same number of
      shares of Preferred Stock as are stated in the Warrants initially issued
      pursuant to the Agreement.

            

    

     

    
      	
              16.

            	
              Legend.  Until
      sold pursuant to the provisions of the Act or an exemption thereunder, the
      Shares issued on exercise of this Warrant shall be subject to a stop
      transfer order and the certificate or certificates representing the Shares
      shall bear the following legend:

            

    

     

    
      	
               
      

            	
              THE
      SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
      SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD, PLEDGED, ASSIGNED, OR
      OTHERWISE TRANSFERRED UNLESS (1) A REGISTRATION STATEMENT WITH RESPECT
      THERETO IS EFFECTIVE UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE
      SECURITIES LAWS, OR (2) THE COMPANY RECEIVES AN OPINION OF COUNSEL TO THE
      HOLDER OF THE SECURITIES, WHICH COUNSEL AND OPINION ARE REASONABLY
      SATISFACTORY TO THE COMPANY, THAT SUCH SECURITIES MAY BE OFFERED, SOLD,
      PLEDGED, ASSIGNED, OR OTHERWISE TRANSFERRED IN THE MANNER CONTEMPLATED
      WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR
      APPLICABLE STATE SECURITIES LAWS.

            

    

     

    
      	
              17.

            	
              Binding
      Effect.  All the covenants and provisions of this Warrant
      by or for the benefit of the Company shall bind and inure to the benefit
      of its successors and assigns
hereunder.

            

    

     

    
      	
              18.

            	
              Notices.  Notices
      or demands pursuant to this Warrant to be given or made by the Holder to
      or on the Company shall be sufficiently given or made if sent by certified
      or registered mail, return receipt requested, postage prepaid, and
      addressed, until another address is designated in writing by the Company,
      as follows:

            

    

     

    Modavox,
Inc.

    4636
University Drive, Suite 275

    Phoenix,
Arizona 85034

    Attn:
Chief Executive Officer

    

    
      	
               
      

            	
              Notices
      to the Holder provided for in this Warrant shall be deemed given or made
      by the Company if sent by certified or registered mail, return receipt
      requested, postage prepaid, and addressed to the Holder at the Holder's
      last known address as it shall appear on the books of the
      Company.

            

    

     

    
      	
              19.

            	
              Governing
      Law.  The validity, interpretation and performance of
      this Warrant shall be governed by the laws of the State of Delaware,
      without regard to principles of conflicts of
  law.

            

    

     

    
      	
              20.

            	
              Parties Bound and
      Benefited.  Nothing in this Warrant expressed and nothing
      that may be implied from any of the provisions hereof is intended, or
      shall be construed, to confer upon, or give to, any person or corporation
      other than the Company and the Holder any right, remedy or claim under
      promise or agreement hereof, and all covenants, conditions, stipulations,
      promises and agreements contained in this Warrant shall be for the sole
      and exclusive benefit of the Company and its successors and of the Holder,
      its successors and, if permitted, its
assignees.

            

    

     

    
      	
              21.

            	
              Headings.  The
      Article headings herein are for convenience only and are not part of this
      Warrant and shall not affect the interpretation
  thereof.

            

    

     

     

     

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    IN
WITNESS WHEREOF, this Warrant has been duly executed by the Company under its
corporate seal as of the 21 day of November 2007.

     

    

    

    
      
        	 
      	
                MODAVOX,
      INC.

              
	 
      	 
      
	 
      	 
      
	 
      	
	 
      	
                By:
      /s/ David J.
      Ide              
      

              
	 
      	
                David
      J. Ide

              
	 
      	
                Chief
      Executive Officer

              

      

    

    

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    
 

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    MODAVOX
INC.

     

    Assignment

     

    FOR VALUE
RECEIVED, _____________________________________ hereby sells, assigns and
transfers unto ________________________________________________________
________________________________________________________ the within Warrant and
the rights represented thereby, and does hereby irrevocably constitute and
appoint ______________________________________ Attorney, to transfer said
Warrant on the books of the Company, with full power of
substitution.

     

    Dated:__________________________                                                                

     

    
      	 
      	
              Signed:___________________________

            
	 
      	 
      
	 
      	
              Print
      Name:_______________________

            

    

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Subscription
Form

     

    Modavox,
Inc.

    4636
University Drive, Suite 275

    Phoenix,
Arizona 85034

     

    

     

    The
undersigned hereby irrevocably subscribes for the purchase of _____ shares of
common stock (the “Shares”), pursuant to and in accordance with the terms and
conditions of this Warrant, and herewith makes payment, covering the purchase of
the Shares, which should be delivered to the undersigned at the address stated
below, and, if such number of Shares shall not be all of the Shares purchasable
hereunder, then a new Warrant of like tenor for the balance of the remaining
Shares purchasable under this Warrant be delivered to the undersigned at the
address stated below.

     

    The
undersigned agrees that:  (1) the undersigned will not offer, sell,
transfer or otherwise dispose of any such Shares, unless either (a) a
registration statement, or post-effective amendment thereto, covering such
Shares have been filed with the Securities and Exchange Commission pursuant to
the Securities Act of 1933, as amended ("Act"), and such sale, transfer or other
disposition is accompanied by a prospectus meeting the requirements of Section
10 of the Act forming a part of such registration statement, or post-effective
amendment thereto, which is in effect under the Act covering the Shares to be so
sold, transferred or otherwise disposed of, or (b) counsel to Modavox, Inc.
(“Company”) has rendered an opinion in writing and addressed to the Company that
such proposed offer, sale, transfer or other disposition of the Shares is exempt
from the provisions of Section 5 of the Act in view of the circumstances of such
proposed offer, sale, transfer or other disposition; (2) the Company may notify
the transfer agent for its common stock that the certificates for the common
stock acquired by the undersigned are not to be transferred unless the transfer
agent receives advice from the Company that one or both of the conditions
referred to in (1)(a) and (1)(b) above have been satisfied; and (3) the Company
may affix the legend set forth in Section 3.1 of this Warrant to the
certificates for the Shares hereby subscribed for, if such legend is
applicable.

     

    
      	
              Dated:_____________________

            	
              Signed:_____________________________

            
	 
      	
              Address:____________________________

            
	 
      	__________________________________
	 
      	 
      

    

     

     

     

     

     

     

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SETTLEMENT
AGREEMENT AND MUTUAL RELEASE

    

    This Settlement Agreement and Mutual
Release (“Agreement”) dated as
of September 27, 2007, is made by and among Modavox, Inc., a Delaware
corporation (the “Company”), and Barry
Goldwater Jr., an Arizona resident (“Goldwater”).  The
Company and Goldwater are sometimes hereinafter referred to collectively as the
“Parties.”

     

    RECITALS:

     

     

    A.           Goldwater
was engaged as an independent contractor by the Company on or around August 2004
to perform certain government relations, public affairs and sales and marketing
services for the Company (the “Services”).

     

     

    B.           In
exchange for the Services, the Company granted Goldwater a common stock purchase
warrant dated August 25, 2004 (the “Warrant”) to purchase
up to 100,000 shares of the Company’s common stock upon the terms and conditions
set forth therein and agreed to pay certain other consideration to Goldwater in
the form of cash, warrants and shares of the Company’s common
stock.

     

    C.           The
Parties wish to formally terminate any engagement of Goldwater to perform
services of any kind for the Company and any obligation of the Company to
compensate Goldwater therefor and have accordingly mutually agreed to release
each other from any and all claims arising from or related to Goldwater’s
engagement by the Company all upon the terms and conditions set forth
herein.

    

    In consideration of the mutual promises
made herein and other valuable consideration, receipt of which is hereby
acknowledged, the Parties agree as follows:

    

    1.           No Admission of
Liability.  The parties agree that the terms set forth herein
represent a good faith compromise and settlement of disputed
claims.  Neither this Agreement nor any action taken in connection
herewith shall be deemed an admission of liability on the part of either
Party.

    

    2.           Settlement.  The
Parties agree that the exercise of the Warrant as set forth in Section 3 below
shall serve as adequate and sufficient consideration for the full, complete and
total settlement of any and all amounts owed, in the form of cash, shares,
warrants or otherwise, by the Company to Goldwater, or to any of Goldwater’s
affiliates or assigns, including without limitation any amounts owing under the
Warrant, the Piggyback Registration Rights Agreement by and between Goldwater
and the Company dated August 25, 2004, the letter agreement by and between
Goldwater and the Company dated November 19, 2004 and the letter agreement by
and between Goldwater and the Company dated February 2, 2006.

    

    3.           Exercise of
Warrant.  In conjunction with the execution hereof, Goldwater
hereby exercises his right to purchase shares of Common Stock of the Company
pursuant to the cashless exercise provision contained in Section 1 of the
Warrant and as a result the Company will issue to Goldwater 70,548 shares of the
Company’s common stock (the “Exercise Shares”)
which amount is calculated as follows:

    

    
      
        
          
            	
                    Number
      of Shares Issuable

                  	
                    Exercise
      Price(1)

                  	
                    Fair
      Market Value(2)

                  	
                    Number
      of Shares Issuable upon Cashless Exercise

                  
	
                    100,000

                  	
                    $0.43

                  	
                    $1.46

                  	
                    70,548

                  

          

        

      

    

     

    (1)         As
set forth in the Warrant.

     

    
      	
               
      

            	
              (2)

            	
              As
      set forth in the Warrant, the “Fair Market Value” means the average
      closing price of the Company’s Common Stock as quoted on Yahoo! Finance
      for the last ten (10) days upon which the Company’s Common Stock has
      traded preceding the date of
exercise.

            

    

     

     

     

     

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    In conjunction with the issuance of the
Exercise Shares, Goldwater represents and warrants to the Company as
follows:

    

    
      	
               
      

            	
              a)

            	
              Goldwater
      is not and has not been during the preceding three (3) months, an
      “affiliate” of the Company as that term is defined in paragraph (a)(1) of
      Rule 144 promulgated under the Securities Act of 1933;
  and

            

    

    

    
      	
               
      

            	
              b)

            	
              Goldwater
      has beneficially owned the Warrant for at least two (2) years as computed
      in accordance with paragraph (d) of Rule
144;

            

    

    

    4.           Release of the
Company.  In consideration for the obligations of the Company
set forth in this Agreement, Goldwater, on behalf of himself, and his heirs and
assigns, hereby fully and forever release the Company and its officers,
directors, employees, investors, stockholders, administrators, predecessor and
former or successor officers, directors, employees and assigns, of and from any
claim, duty, obligation or cause of action relating to any matter of any kind,
whether presently known or unknown, suspected or unsuspected, that Goldwater may
possess arising from any omissions, acts or facts that have occurred up until
and including the date of this Agreement including, without
limitation:

    

    
      	
               
      

            	
              (1)

            	
              any
      and all claims relating to or arising from any engagement by the Company
      of Goldwater;

            

    

    

    
      	
               
      

            	
              (2)

            	
              any
      and all claims relating to, or arising from, Goldwater’s right to
      purchase, or actual purchase of shares of stock of the
      Company;

            

    

    

    
      	
               
      

            	
              (3)

            	
              any
      and all claims for wrongful breach of contract, both express and implied;
      breach of a covenant of good faith and fair dealing, both express and
      implied, negligent or intentional infliction of emotional distress; or
      negligent or intentional misrepresentation; negligent or intentional
      interference with contract.

            

    

    

    This
release does not extend to any obligations incurred or specified under this
Agreement.

    

    5.           Release of
Goldwater.  In consideration for the obligations of Goldwater
set forth in this Agreement, the Company, on behalf of itself and its respective
officers, directors, employees, investors, stockholders, administrators and
assigns, hereby fully and forever releases Goldwater and his heirs, executors
and assigns, of and from any claim, duty, obligation or cause of action relating
to any services performed by Goldwater for the Company, whether presently known
or unknown, suspected or unsuspected, that the Company may possess arising from
any omissions, acts or facts that have occurred up until and including the date
of this Agreement relating to such services.  This release does not
extend to any obligations incurred or specified under this
Agreement.

    

    6.           Non-Disparagement.  Each
Party agrees to refrain from any disparagement, defamation, slander of the
other, or tortious interference with the contracts and relationships of the
other.

    

    7.           Representations of the
Parties.  Each of the Parties represents and warrants that it
has the full legal right, power and authority to enter into this Agreement and
to consummate its respective obligations as contemplated by this Agreement, and
that this Agreement constitutes a valid and binding Agreement of it and is
enforceable against it in accordance with this Agreement’s terms and
conditions.  Each of the representations, warranties, covenants and
agreements set forth in this Agreement will survive the execution, delivery and
performance of the obligations of and under this Agreement.

     

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    8.           Entire Agreement;
Severability.  This Agreement constitutes the entire agreement
between the parties with respect to the subject matter contained
herein.  In the event that a court of competent jurisdiction
determines that any portion of this Agreement is in violation of any statute or
public policy, then only the portions of this Agreement that violate that
statute or public policy will be stricken.  All portions of this
Agreement that do not violate any statute or public policy will continue in full
force and effect.  Any court order striking any portion of this
Agreement may modify the stricken terms as narrowly as possible to give as much
effect as possible to the intentions of the parties under this
Agreement.

    

    9.           Amendment.  This
Agreement may not be amended, modified or discharged except by an instrument in
writing duly signed by authorized representatives of each party.

    

    10.          Waiver.  A
party’s waiver of any provision of this Agreement will not, under any
circumstances, be deemed to be a waiver of any preceding or subsequent breach
hereunder, or constitute a general waiver of any of its rights
hereunder.  No waiver will be binding unless executed in writing by
the waiving party.

    

    11.          Assignment.  This
Agreement will be binding upon and be observed by the parties, and their
respective subsidiaries, affiliates, directors, assigns, agents, officers,
shareholders, employees and successors.  Notwithstanding the
foregoing, neither party may assign their rights or obligations under this
Agreement without the express written consent of the other party, which consent
will not be unreasonably withheld or delayed.

    

    12.          Governing
Law.  This Agreement shall be governed in accordance with the
substantive laws of the State of Arizona, without regard to any conflicts of
laws provisions.  The parties agree that venue and jurisdiction for
the resolution of any disputes hereunder shall rest exclusively with the state
or federal courts located in Maricopa County, Arizona, and any such dispute or
litigation relating hereto shall be brought exclusively in such courts, and each
of the parties does hereby consent to the jurisdiction of such
courts.  In the event of a dispute between the parties hereto, the
prevailing party in any litigation, arbitration and/or appeal shall be entitled
to recover reasonable attorneys fees incurred in connection with such
litigation.

    

    13.           Counterparts.  This
Agreement may be executed in counterparts, and each counterpart will have the
same force and effect as an original and will constitute an effective, binding
agreement on the part of each of the undersigned.

    

    IN WITNESS WHEREOF, the Parties have
executed this Settlement Agreement and Mutual Release on the respective dates
set forth below.

    

    
      
        
          	
                  Modavox:

                   

                  MODAVOX,
      INC.

                   

                  /s/ David
      Ide                                       
      

                  By:
      David Ide,  Chief Executive Officer

                   

                   

                
	
                  Honorable
      Barry Goldwater Jr.:

                   

                  /s/ Barry Goldwater,
      Jr.                       
      

                  Barry
      Goldwater Jr.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00161-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00161-of-00352.parquet"}]]