Document:

Exhibit 10.35

 

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT AGREEMENT,
dated as of September 15, 2015 (the “Agreement”), between WOWIO, Inc. (the “Company”) and Robert H. Estareja
(the “Executive”),

 

WHEREAS effective as to
the execution date hereof, this Agreement shall supersede and replace any prior employment arrangement and/or agreement (the “Prior
Employment Relationship”) that the Executive has or had with the Company but will not affect the balance of any accrued but
unpaid salary. The Executive has been employed with the Company as a consultant since June, 2014;

 

WHEREAS, for the purpose
of this Agreement, the term “Company” includes all subsidiaries, affiliates, dbas, successors and assigns of WOWIO, Inc.
and,

 

NOW, THEREFORE, in consideration
of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

 

Section 1.          Employment.

 

The Company shall employ
the Executive, and the Executive accepts employment with the Company, upon the terms and conditions set forth in this Agreement
for the period beginning on the execution date and ending as provided in Section 4 (the “Employment Period”).

 

Section 2.          Position
and Duties. 

 

(a)        During
the Employment Period, the Executive shall serve as the Chief Executive Officer and as a Member of the Board of Directors of the
Company and may also serve as such for each of its subsidiaries unless otherwise set forth in corporate documents, employment agreements
with other employees or public filings and shall have the usual and customary duties, responsibilities, and authority of a Chief
Executive Officer and Board Member to the power of the Board of Directors of the Company (the “Board”) (i) to reasonably
expand or limit such duties, responsibilities and authority and (ii) to override the actions of the Executive. The Executive shall,
if so requested by the Company, also serve with or without additional compensation, as an officer, director or manager of entities
from time to time directly or indirectly owned or controlled by the Company (each an “Affiliate,” or collectively, the
“Affiliates”).

 

(b)       The
Executive shall report to the Board and shall devote his best efforts and substantially all of his active business time and attention
(expect for permitted vacation periods and reasonable periods of illness or other incapacity) to the business and affairs of the
Company and its Affiliates. The Executive shall perform his duties and responsibilities to the best of his abilities in a diligent
and professional manner.

 

    	 	1

     

    

  

(c)      The
foregoing restrictions shall not limit or prohibit the Executive from engaging in passive investment in active business ventures
and community, charitable and social activities not interfering with the Executive’s performance and obligations hereunder.

 

Section 3.         Base
Salary and Benefits. 

 

(a)      During
the Employment Period, the Executive’s base salary shall be Three Hundred Thousand Dollars ($300,000.00) per annum (the “Base
Salary”), such Base Salary shall be payable in regular installments in accordance with the Company’s general payroll practices
and subject to withholding and other payroll taxes. The Base Salary shall be reviewed by the Board on an annual basis in order
to implement any cost of living adjustments that it deems appropriate. In addition, during the Employment Period, the Executive
shall be entitled to participate in all employee benefit programs from time to time for which senior executive employees of the
Company and its Affiliates are generally eligible. The Executive shall be eligible to participate in all insurance plans available
generally from time to time to executives of the Company, their families and its Affiliates.

 

(b)      Company
Performance Bonus. Each year during the Employment Period, in addition to the Base Salary, the Executive shall be eligible to earn
a Company Performance Bonus (an “Annual Bonus”) equal to Twenty-Five Percent (25%) of the Executive’s Base Salary at
the end of each calendar year. The Annual Bonus will only be payable if the aggregate amount of the Annual Bonuses to be paid to
all executives does not exceed Twenty-Five Percent (25%) of the Company’s net profits for such calendar year. The Executive shall
only be eligible to receive an Annual Bonus if he remains continuously employed by the Company through December 31 of the year
in which the Annual Bonus was earned. Any Annual Bonus payable pursuant to this Section 3(b) shall be paid to the Executive in
a single cash payment. The Company will make the Annual Bonus payment by March 15th of the year following the year in
which the bonus was earned, unless otherwise agreed to by the Company and the Executive.

 

(c)      During
the Employment Period, the Company shall provide the Executive with an automobile allowance of up to Eight Hundred Dollars ($800.00)
per month.

 

(d)      During
the Employment Period, the Company shall reimburse the Executive for all reasonable expenses incurred by him in the course of performing
his duties under this Agreement which are consistent with the Company’s and its Affiliates’ policies as such policies may be established
and amended from time to time with respect to travel, entertainment and other business expenses, subject in all instances to the
Company’s requirements with respect to reporting and documentation of such expenses.

 

(e)      During
the Employment Period, the Executive shall be entitled to Three (3) weeks paid vacation during each 12-month period worked commencing
on the Closing Date. Vacation days that remain unused at the end of a calendar year may not be carried over into the next calendar
year. Executive will not schedule or take vacation during the Two (2) week period surrounding the date in which a Securities and
Exchange Commission (“SEC”) periodic filing is due.

 

    	 	2

     

    

 

Section 4.        Term.

 

(a)      The
Employment Period shall commence on the execution date and shall end on the Second (2nd) anniversary of such date.
The Agreement shall automatically renew for subsequent Two (2) year periods; provided, however, that (i) the Employment Period
shall terminate prior to such date upon the Executive’s resignation, death or Disability (as defined in the following sentence),
at any time prior to such date, and (ii) the Employment Period may be terminated by the Company at any time prior to such date
for Cause (as defined below) or without Cause. For purposes of this Agreement “Disability” shall mean “disability”
or “permanent disability” as set forth in the long-term disability plan of the Company, or if no such plan is in effect,
it shall mean any long-term disability or incapacity which (x) render the Executive unable to substantially perform his duties
hereunder for One Hundred Twenty (120) days during any 12-month period or (y) is predicted to render the Executive unable to substantially
perform his duties for One Hundred Twenty (120) days during any 12-month period based, in the case of this clause (y) only, upon
the opinion of a physician mutually agreed upon by the Company and the Executive, in each case as determined by the Board (excluding
the Executive if he should be a member of the Board at the time of such determination) in its good faith judgment; provided, however,
that no action shall be taken hereunder that precludes Executive from making a claim under any separate long-term disability policy
maintained by the Company. The last day on which Executive is employed by the Company, whether separation is voluntary or involuntary
and is with or without Cause or by reason of Executive’s resignation is referred to as the “Termination Date.”

 

(b)      If
the Employment Period is terminated by the Company without Cause, then the Executive shall be entitled to receive his Base Salary
for the period beginning on the Termination Date and ending on the Six (6) month anniversary of the Termination Date, unless the
Executive has breached the provisions of this Agreement in which case the provisions of Sections 9 and 11 apply. Such payments
of the Base Salary as severance shall be made periodically in the same amount and at the same intervals as if the Employment Period
had not ended and the Base Salary otherwise continued to be paid; provided, however, that no payments shall be made to the
Executive under this Section 4(b) prior to Six (6) months after the Termination Date if such payment would result in adverse
tax consequences to the Executive under Section 409 A of the Internal Revenue Code of 1986, as amended or replaced and as in effect
from time to time (the “Code”).

 

(c)      If
the Employment Period is terminated by the Company for Cause, or by reason of the Executive’s resignation, death or Disability,
the Executive shall be entitled to receive his Base Salary and any unpaid bonuses which he had earned in the previous year, only
to the extent such amount has accrued through the Termination Date.

 

    	 	3

     

    

  

(d)          Except
as otherwise required by law, COBRA, or as specifically provided herein, all of the Executive’s rights to salary, severance, fringe
benefits and bonuses hereunder (if any) accruing after the Termination Date shall cease upon the Termination Date. If the Executive
is terminated by the Company without Cause, the sole compensation of the Executive and/or his successors, assigns, heirs, representatives
and estate shall be to receive the severance payments described in Section 4(b). If the Executive is terminated by the Company
for Cause, or if the Employment Period is terminated by reason of the Executive’s resignation, death or Disability, the sole remedy
of the Executive and/or his successors, assigns, heirs, representatives and estate shall be to receive the payment (if any) described
in Section 4c.

 

(e)          For
purpose of this Agreement, “Cause” means:

 

a.           The
failure by the Executive to perform such duties as are reasonably requested by the Board (including email or other instructions);

 

b.           The
Executive’s disregard of his duties or failure to act, where such action would be in the ordinary course of the Executive’s duties;

 

c.           The
failure by the Executive to observe Company policies and/or policies of an Affiliate which are generally applicable to executives
of the Company and/or its Affiliates;

 

d.           Willful
misconduct by the Executive in the performance of his duties;

 

e.           A
conviction of or a plea of guilty or nolo contendere by the Executive to a misdemeanor involving fraud, embezzlement, theft, other
financial dishonesty or moral turpitude or to a felony that in the reasonable good faith determination of the Board, would have
a material adverse effect on the business, operations or financial condition of the Company or any of its Affiliates;

 

f.            (A)
the material breach by the Executive of this Agreement (other than any breach by the Executive of the provisions of Section 5,
Section 6 or Section 7 hereof, (B) any breach of the provisions of Section 5, Section 6 or Section 7 hereof
or (C) any other agreement or contract with the Company, or any of its Affiliates.

 

g.           Chronic
absenteeism for purposes hereof, “chronic absenteeism” shall be deemed to have occurred if Executive has at least ten
(10) absences unrelated to Disability or illness in any ten (10) week period; or

 

h.           The
Board’s reasonable determination that the Executive has engaged in a pattern of commissions of violations of state or federal law
relating to the workplace environment (including, without limitation, laws relating to sexual harassment or age, sex or other prohibited
discrimination); or

 

i.            The
Executive becomes the subject of any investigative proceedings by the SEC or any other governmental or regulatory authority and/or
is subject to any bars, bans or restrictions from participating in a public company, trading or in any manner conducting business
in any way relating to the business of the Company or its Affiliates.

 

    	 	4

     

    

 

The Company shall not be
entitled to terminate for Cause unless the Company provides written notice stating in reasonable detail the basis for termination
and a 30-day opportunity to cure to the Executive (unless: (w) the Company in good faith reasonably determines that providing such
opportunity to cure to the Executive is reasonably likely to have a material adverse effect on its business, financial condition,
results of operations, prospects or assets, (x) the facts and circumstances underlying such termination are not able to be cured
or (y) the Company has previously delivered a notice under the same clause of this Section 4(e); in any case, the Company
may terminate without providing an opportunity to cure upon a majority vote of the Board of Directors).

 

Section 5.                        Nondisclosure
and Nonuse of Confidential Information.

 

(a)        The
Executive shall not disclose or use at any time, either during the Employment Period or thereafter, any Confidential Information
(as defined below) of which the Executive is or becomes aware, whether or not such information is developed by him except to the
extent that such disclosure or use is directly related to and required by the Executive’s performance in good faith of duties assigned
to the Executive by the Company or is required to be disclosed by law, court order, or similar compulsion; provided, however,
that such disclosure shall be limited to the extent so required or compelled; and provided further, that the Executive shall
give the Company notice of such disclosure and cooperate with the Company in seeking suitable protection. The Executive shall take
all reasonably appropriate steps to safeguard Confidential Information and to protect it against disclosure, misuse, espionage,
loss and theft. The Executive shall deliver to the Company on the Termination Date, or at any time that the Company may request,
all memoranda, notes, plans, records, reports, computer tapes and software and other document and data (and copies thereof regardless
of the form thereof (including electronic and optical copies) relating to the Confidential Information or the Work Product (as
defined below) of the Business of the Company or any of its Affiliates which the Executive may then possess or have under his control.

 

(b)        As
used in this Agreement, the term “Confidential Information” means information that is not generally known
to the public and that is used, developed or obtained by the Company or any Affiliate in connection with its business,
including, but not limited to, information, observations and data obtained by the Executive while employed by the Company or
any predecessors thereof (including those obtained prior to the Closing Date) concerning (i) the business or affair of the
Company (or such predecessor), (ii) fees, costs and pricing structures (iii) designs, (iv) analyses, (v) drawings,
photographs and reports, (vi) computer software, including operating systems, applications and program Ii tings, (vii) flow
charts, manuals and documentation, (viii) data bases, (ix) accounting and business methods, (x) inventions, devices, new
developments, methods and process es, whether patentable or unpatentable and whether or not reduced to practice, (xi)
customers, clients and suppliers and customer, client and supplier lists, (xii) other copyrightable works, (xiii) all
production methods, processes , technology and trade secrets, (xiv) business strategies, acquisition plans and candidates
financial or other performance data and personnel lists and data, and (xv) all similar and related information in whatever
form. Confidential Information shall not include any information that has been published in a form generally available to the
public prior to the date the Executive proposes to disclose or use such information. Confidential Information shall not be
deemed to have been published merely because individual portions of the information have been separately published, but only
if all material features comprising such information have been published in combination.

 

    	 	5

     

    

 

Section 6.          Inventions
and Patents.

 

The Executive agrees
that all inventions, innovations, improvements, technical information, systems, software developments, methods, designs, analyses,
drawings, reports, service marks, trademarks, trade names, logos and all similar or related information (whether patentable or
unpatentable) which relates to the Company’ or any of its Affiliates’ actual or anticipated business , research and
development or existing or future products or services and work are conceived, developed or made by the Executive (whether or
not during usual business hours or on the premises of the Company or any Affiliate and whether or not alone or in conjunction
with any other person) while employed by the Company (including those conceived, developed or made prior to the date of this Agreement)
together with all patent applications, letters patent, trademark, tradename and service mark applications or registrations, copyrights
and reissues thereof that may be granted for or upon any of the foregoing (collectively referred to herein as the “Work
Product”), belong in all instances to the Company or such Affiliate. The Executive shall promptly disclose such Work
Product to the Board and perform all actions reasonably requested by the Board (whether during or after the Employment Period)
to establish and confirm the Company’s ownership of such Work Product (including, without limitation, the execution and
delivery of assignments, consents, powers of attorney and other instruments) and to provide reasonable assistance to the Company
or any of its Affiliates in connection with the prosecution of any applications for patents, trademarks, trade names, service
marks or reissues thereof or in the prosecution or defense of interferences relating to any Work Product. If the Company is unable,
after reasonable effort, to secure the signature of the Executive on any such papers, any executive officer of the Company shall
be entitled to execute any such papers as the agent and the attorney-in-fact of the Executive, and the Executive hereby irrevocably
designates and appoints each executive officer of the Company as his or her agent and attorney-in-fact to execute any such papers
on his or her behalf, and to take any and all actions as the Company may deem necessary or desirable in order to protect its rights
and interests in any Work Product, under the conditions described in this sentence.

 

    	 	6

     

    

 

Section 7.           Non-Solicitation.

 

(a)         The
Executive acknowledges that, in the course of employment with the Company and/or its Affiliates and their predecessors, he has
become familiar, or will become familiar, with the Company’ and its Affiliates’ and their predecessors’ trade
secrets and with other confidential information concerning the Company, its Affiliates and their respective predecessors and that
his services have been and will be of special, unique and extraordinary value to the Company and its Affiliates. Therefore, in
order to protect the Company’s interest in both its Confidential Information, and the near permanent relationship that it
has providing professional services to its customers, the Executive agrees that during the Employment Period and for One (1) year
thereafter (the “Non-Solicit Period”, subject to automatic extension during the period of a violation of this
Section 7), he shall not directly or indirectly through another person or entity:

 

(i)          induce
or attempt to induce any employee of the Company or any Affiliate to leave the employ of the Company or such Affiliate, or in any
way interfere with the relationship between the Company or any such Affiliate, on the one hand and any employee thereof, on the
other hand.

 

(ii)         solicit
for hire or hire any person who was an employee of the Company or any Affiliate until Six (6) months after such individual’s employment
relationship with the Company or any Affiliate has been terminated, provided that the Executive may hire any such person (so long
as such person is not a manager or executive officer of the Company or any Affiliate) who respond to a general advertisement offering
employment.

 

(iii)       solicit,
induce or attempt to solicit or induce any of the current or former customers of the Company and/or any Affiliate that were a
customer at any time during the period starting Six (6) months before the Employment Period and ending Six (6) months after termination
of this Agreement or (each, a “Customer,” and collectively, the “Customers”) to cease or reduce
doing business with the Company or such Affiliate or in any way interfere or attempt to interfere with the relationship between
any such Customer, on the one hand, and the Company or any such Affiliate, on the other hand; or

 

(b)       The
Executive understands that the foregoing restrictions may limit his ability to earn a livelihood in a business similar to the
business of the Company and it Affiliate, but he nevertheless believes that he has received and will receive sufficient consideration
and other benefits as an employee of the Company and as otherwise provided hereunder or as described in the recitals hereto to
clearly justify such restrictions which, in any event (given his education, skills and ability), the Executive does not believe
would prevent him from otherwise earning a living. The Executive further understands that the provisions of Sections 5 through
7  are reasonable and necessary to preserve the legitimate business interests of the Company and Affiliates.

 

    	 	7

     

    

 

(c)        The
Executive shall inform any prospective or future employer of any and all restrictions contained in this Agreement and provide such
employer with a copy of such restrictions (but no other terms of this Agreement), prior to the commencement of that employment.

 

(d)        The
Executive agrees that the restrictions are reasonable and necessary, are valid and enforceable under New York law, and do not
impose a greater restraint than necessary to protect the Company’s legitimate business interests. If, at the time of enforcement
of Sections 5 through 7, a court holds that the restrictions stated herein are unreasonable under the circumstances then
existing, the Executive and the Company agree that the maximum period, scope or geographical area reasonable under such circumstances
shall be substituted for the stated period, scope or area so as to protect the Company to the greatest extent possible under applicable
law.

 

Section 8.          Insurance.

 

The Company, for their
own benefit or for the benefit of their financing sources, may maintain “keyman” life, officer and director, and disability
insurance policies covering the Executive. The Executive shall cooperate with the Company and/or Holding and provide such information
or other assistance as the Company and/or Holding reasonably may request in connection with obtaining and maintaining such policies.

 

Section 9.          Severance
Payments.

 

In
addition to the foregoing, and not in any way in limitation thereof, or in limitation of any right or remedy otherwise available
to the Company , if the Executive violates any provision of the foregoing Section 5, Section 6 or Section 7,
any severance payments then or thereafter due from the Company to the Executive pursuant to Section 4 shall be terminated
forthwith and the Company’s obligation to pay and the Executive’s right to receive such severance payments shall terminate
and be of no further force or effect, if and when determined by a court of competent jurisdiction, in each case without limiting
or affecting the Executive’s obligations (or terminating the Non-Solicit Period) under such Section 5, Section 6
and Section 7, or the Company’s other rights and remedies available at law or equity.

 

Section 10.         Representations
and Warranties of the Executive.

 

The Executive hereby represents
and warrants to the Company that (a) the execution, delivery and performance of this Agreement by the Executive does not and shall
not conflict with breach violate or cause a default under any agreement, contract or instrument to which the Executive is a party
or any judgment, order or decree to which the Executive is subject, (b) the Executive is not a party to or bound by any employment
agreement, consulting agreement, non-compete agreement, confidentiality agreement or similar agreement with any other person or
entity and (c) upon the execution and delivery of this Agreement by the Company and the Executive, this Agreement will be a valid
and binding obligation of the Executive, enforceable in accordance with its terms. The Executive further represents and warrants
that he has not disclosed revealed or transferred to any third party any of the Confidential Information that he may have obtained
during the Prior Employment Relationship and that he bas safeguarded and maintained the secrecy of the Confidentiality Information
to which he has had access or of which he has knowledge. In addition, the Executive represents and warrants that he had no ownership
in nor any right to nor title in any of the Confidential Information and the Work Product.

 

    	 	8

     

    

 

Section 11.         Notices.

 

All notice, requests, demands, claims, and
other communications hereunder shall be in writing. Any notice, request, demand, claim or other communication hereunder shall
be deemed duly given when delivered personally to the recipient, facsimile to the intended recipient at the telecopy number set
forth therefore below, provided that a copy is sent by a nationally recognized overnight delivery service (receipt requested),
or one (1) business day after deposit with a nationally recognized overnight delivery service (receipt requested), in each case
as follows:

 

If to the Company, to:

WOWIO Inc.

9107 Wilshire Blvd, Suite 450

Beverly Hills, CA 90210

(310) 272-7988

 

with a copy to:

 

Legal Representative: Arden E. Anderson, Esq.

Austin Legal Group, APC

3990 Old Town Ave, Suite A-112

San Diego, CA 92110

Office Phone: (619) 924-9600

Office Fax: (619) 881-0045

Email: arden@austinlegalgroup.com

 

If to the Executive, to the address set forth on the signature page
hereto.

 

or such other address as the recipient party
to whom notice is to be given may have furnished to the other party in writing in accordance herewith. Any such communication shall
deemed to have been delivered and received (a) when delivered, if personally delivered, sent by facsimile or sent by overnight
courier, and (b) on the Fifth (5th) business day following the date posted, if sent by mail. Instructions or notices of the type
described in Section 4(e) may be sent by email to the Executive.

 

    	 	9

     

    

 

Section 12.       General
Provisions.

 

(a)        Severability.
It is the desire and intent of the parties hereto that the provisions of this Agreement be enforced to the fullest extent permissible
under the laws and public policies applied in each jurisdiction in which enforcement is sought. Accordingly, if any particular
provision of this Agreement shall be adjudicated by a court of competent jurisdiction to be invalid prohibited or unenforceable
for any reason, such provision as to such jurisdiction, shall be ineffective, without invalidating the remaining provisions of
this Agreement or affecting the validity or enforceability of this Agreement or affecting the validity or enforceability of such
provision in any other jurisdiction. Notwithstanding the foregoing if such provision could be more narrowly drawn so as not to
be invalid, prohibited or unenforceable in such jurisdiction, it shall, as to such jurisdiction, be so narrowly drawn, without
invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other
jurisdiction.

 

(b)        Complete
Agreement. This Agreement constitutes the entire agreement among the parties and supersedes any prior correspondence or document
evidencing negotiations between the parties, whether written or oral, and any and all understandings, agreements or representations
by or among the parties, whether written or oral, that may have related in any way to the subject matter of this Agreement.

 

(c)        Construction.
The Executive and the Company have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity
or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Executive and the
Company and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any
of the provisions of this Agreement. Any reference to any federal, state, local, or foreign statute or law shall be deemed also
to refer to all rules and regulations promulgated thereunder, unless the context requires otherwise. The word including shall
mean “including without limitation.”

 

(d)        Successors
and Assigns. Except as otherwise provided herein, this Agreement shall bind and inure to the benefit of and be enforceable
by the Executive and the Company and their respective successors, assigns, heirs, representatives and estate; provided,
however, that the rights and obligations of the Executive under this Agreement shall not be assigned without the prior written
consent of the Company in its sole discretion. The Company may (i) assign any or all of its respective rights and interests hereunder
to one or more of its Affiliates, (ii) designate one or more of its Affiliates to perform its respective obligations hereunder
(in any or all of which cases the Company nonetheless shall remain responsible for the performance of all of their obligations
hereunder), (iii) collaterally assign any or all of its respective rights and interests hereunder to one or more lenders of the
Company or its Affiliates, (iv) assign its respective rights hereunder in connection with the sale of all or substantially all
of its business or assets (whether by merger, sale of stock or assets, recapitalization or otherwise) and (v) merge any of the
Affiliates with or into the Company (or vice versa). The rights of the Company hereunder are enforceable by its Affiliates, who
are the intended third party beneficiaries hereof.

 

    	 	10

     

    

 

(e)        Governing
Law. THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE DOMESTIC LAWS OF THE STATE OF NEW YORK WITHOUT
GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICTING PROVISION OR RULE (WHETHER OF THE STATE OF TEXAS OR ANY OTHER JURISDICTION),
THAT WOULD CAUSE THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF NEW YORK TO BE APPLIED.

 

(f)        Jurisdiction
and Venue.

 

(i)          The
Company and the Executive hereby irrevocably and unconditionally submit, for themselves and their property, to the non-exclusive
jurisdiction of any New York State court located in New York County or federal court of the United States of America sitting in
the State of New York and any appellate court from any thereof, in any action or proceeding arising out of or relating to this
Agreement or for recognition or enforcement of any judgment, and the Company and the Executive hereby irrevocably and unconditionally
agree that all claims in respect of any such action or proceeding may be heard and determined in any such New York State court
or, to the extent permitted by law, in such federal court. The Company and the Executive irrevocably waive, to the fullest extent
permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. The Company
and the Executive agree that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law.

 

(ii)         The
Company and the Executive irrevocably and unconditionally waive, to the fullest extent they may legally and effectively do so,
any objection that they may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating
to this Agreement in any New York State court or federal court of the United States of America sitting in the State of New York
and any appellate court from any thereof.

 

    	 	11

     

    

 

(iii)        Notwithstanding
clauses (i)-(ii), the parties intend to and hereby confer jurisdiction to enforce the covenants contained in Section 6
upon the courts of any jurisdiction within the geographical scope of such covenants. If the courts of any one or more of such
jurisdictions hold such covenants wholly or partially invalid or unenforceable by reason of the breadth of such scope or otherwise,
it is the intention of the parties that such determination not bar or in any way affect the Company’s right to the relief
provided above in the courts of any other jurisdiction within the geographical scope of such covenants, as to breaches of such
covenants in such other respective jurisdictions, such covenants as they relate to each jurisdiction being, for this purpose severable
into diverse and independent covenants.

 

(iv)       The parties
further agree that the mailing by certified or registered mail, return receipt requested to both (x) the other party and (y) counsel
for the other party (or such substitute counsel as such party may have given written notice of prior to the date of such mailing),
of any process required by any such court shall constitute valid and lawful service of process against them, without the necessity
for service by any other means provided by law. Notwithstanding the foregoing, if and to the extent that a court holds such means
to be unenforceable, each of the parties’ respective counsel (as referred to above) shall be deemed to have been designated agent
for service of process on behalf of its respective client, and any service upon such respective counsel effected in a manner which
is permitted by New York law hall constitute valid and lawful service of process against the applicable party.

 

(g)         Amendment
and Waiver. The provisions of this Agreement may be amended and waived only with the prior written consent of the Company,
the Executive and Holding, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall affect
the validity, binding effect or enforceability of this Agreement or any provision hereof.

 

(h)         Headings.
The section headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement.

 

(i)          Counterpart.
This Agreement may be executed in Two (2) or more counterparts, each of which shall be deemed an original and all of which together
shall constitute one and the same instrument.

 

[SIGNATURE PAGE TO FOLLOW]

 

    	 	12

     

    

 

IN WITNESS WHEREOF, the parties hereto have executed this Employment
Agreement as of the date first written above.

 

	 	THE COMPANY: 
	 	 
	 	WOWIO, Inc.
	 	 	 
	 	By:	/s/ Brian Altounian
	 	 	 
	 	Name:	Brian Altounian
	 	 	 
	 	Title:	Board Chairman

 

	 	THE EXECUTIVE: Robert H. Estareja
	 	 	 
	 	By: 	/s/ Robert H.
    Estareja
	 	 	 
	 	Address:	 
	 	 	 
	 	 
	 	 	 
	 	 
	 	 	 
	 	Telephone:	 
	 	 	 
	 	Email:	 

 

    	 	13Exhibit 10.44

 

EMPLOYMENT SERVICES AGREEMENT

 

This Employment Services
Agreement (the “Agreement”) is entered into as of the 15th day of January 2016 by and between Calmare
Therapeutics, Inc., a Delaware corporation, with a business address of 1375 Kings Highway East, Fairfield, CT 06824 (the “Company”),
and Dr. Christine Chansky (“Executive”).  

 

INTRODUCTION

 

WHEREAS, the
Company desires to employ the Executive under the title and capacity set forth on Schedule A hereto and the Executive desires
to be employed by the Company in such capacity, subject to the terms of this Agreement;

 

AGREEMENT

 

NOW, THEREFORE,
in consideration of the premises and mutual promises herein below set forth, the parties hereby agree as follows:

 

1. Employment Period.
The term of the Executive’s employment by the Company pursuant to this Agreement (the “Employment Period”)
shall commence upon the date hereof (the “Effective Date”) and shall continue for that period of calendar months
from the Effective Date set forth on Schedule A hereto. Thereafter, the Employment Period shall be renewed by mutual agreement
unless either party shall have given to the other at least thirty (30) days’ prior written notice of their intention
not to renew the Executive’s employment prior to the end of the Employment Period or the then applicable renewal term, as
the case may be. In any event, the Employment Period may be terminated as provided herein.  

 

2. Employment; Duties.

 

(a) General. Subject
to the terms and conditions set forth herein, the Company shall employ the Executive to act for the Company during the Employment
Period in the capacity set forth on Schedule A hereto, and the Executive hereby accepts such employment. The duties and
responsibilities of the Executive shall include such duties and responsibilities appropriate to such office as the Company’s
Chief Executive Officer (“CEO”) may from time to time reasonably assign to the Executive, as initially specified on
Schedule A attached hereto, with such authority and responsibilities, including Company-wide executive, administrative and
finance functions as are normally associated with and appropriate for such position.

 

(b) Executive recognizes
that during the period of Executive's employment hereunder, Executive owes an undivided duty of loyalty to the Company, and Executive
will use Executive's good faith efforts to promote and develop the business of the Company and its subsidiaries (the Company’s
subsidiaries from time to time, together with any other affiliates of the Company, the “Affiliates”). Executive
shall devote all of Executive’s business time, attention and skills to the performance of Executive’s services as an
executive of the Company. Recognizing and acknowledging that it is essential for the protection and enhancement of the name and
business of the Company and the goodwill pertaining thereto, Executive shall perform the Executive’s duties under this Agreement
professionally, in accordance with the applicable laws, rules and regulations and such standards, policies and procedures established
by the Company and the industry from time to time.

 

(c) However, the parties
agree that, subject to Board approval: (i) Executive may devote a reasonable amount of his time to civic, community, or charitable
activities and may serve as a director of other corporations (provided that any such other corporation is not a competitor of the
Company, as determined by the Board) and to other types of business or public activities not expressly mentioned in this paragraph
and (ii) Executive may participate as a non-employee director and/or investor in other companies and projects as described by Executive
to the Board, so long as Executive’s responsibilities with respect thereto do not conflict or interfere with the faithful
performance of his duties to the Company.

 

(d) Place of Employment.
The Executive’s services shall be performed at the Company’s offices located in 1375 Kings Highway East, Fairfield,
Connecticut 06824, and any other locus where the Company now or hereafter has a business facility, and at any other location where
Executive’s presence is necessary to perform his duties at his sole discretion. The parties acknowledge, however, that the
Executive may be required to travel in connection with the performance of her duties hereunder.

 

     

     

    

  

3. Base Salary.
The Executive shall be entitled to receive a salary from the Company during the Employment Period at a rate per year indicated
on Schedule A hereto (the “Base Salary”). Once the Board has established the Base Salary, such Base Salary
may be increased on each anniversary of the Effective Date, at the Board’s sole discretion.

 

4. Bonus. (a)
The Company shall pay the Executive an annual bonus (the “Annual Bonus”), at such time as may be determined
by the Board in its sole discretion in the amount specified in Schedule A hereto. The Board may or may not determine that
all or any portion of the Annual Bonus shall be earned upon the achievement of operational, financial or other milestones (“Milestones”)
established by the Board in consultation with the Executive and that all or any portion of any Annual Bonus shall be paid in cash,
securities or other property. The Company may pay the Executive an additional bonus (the “Additional Bonus Incentives”),
at such time and amount as specific in Schedule A hereto based on specified milestones (the “Additional Milestones”).

 

(b) The Executive shall be eligible to
participate in any other bonus or incentive program established by the Company for executives of the Company.

 

5. Other Benefits

 

(a) Stock Option Grant.
The Executive shall be entitled to receive those stock options under the Company’s Equity Incentive Plan as specified in
Schedule A hereto. Any additional option grants to the Executive shall be at the option of the Board.

 

(b) Insurance and
Other Benefits. During the Employment Period, the Executive and the Executive’s dependents shall be entitled to participate
in the Company’s insurance programs and any ERISA benefit plans, as the same may be adopted and/or amended from time to time
(the “Benefits”). The Executive shall be entitled to paid personal days on a basis consistent with the Company’s
other senior executives, as determined by the Board. The Executive shall be bound by all of the policies and procedures established
by the Company from time to time. However, in case any of those policies conflict with the terms of this Agreement, the terms of
this Agreement shall control.

 

(c) Vacation.
During the Employment Period, the Executive shall be entitled to an annual vacation of at least that number of working days set
forth on Schedule A hereto.

 

(d) Expense Reimbursement.
The Company shall reimburse the Executive for all reasonable business, promotional, travel and entertainment expenses incurred
or paid by the Executive during the Employment Period in the performance of Executive’s services under this
Agreement, provided that the Executive furnishes to the Company appropriate documentation required by the Internal Revenue Code
in a timely fashion in connection with such expenses and shall furnish such other documentation and accounting as the Company may
from time to time reasonably request.

 

6. Termination;
Compensation Due. The Executive's employment hereunder may terminate, and the Executive’s right to compensation
for periods after the date the Executive’s employment with the Company terminates shall be determined, in accordance
with the provisions of paragraphs (a) through (e) below:

 

(a) Voluntary
Resignation; Termination without Cause.

 

(i)
Voluntary Resignation. The Executive may terminate his employment at any time upon thirty (30) days prior written notice
to the Company. In the event of the Executive’s voluntary termination of his employment other than for Good Reason (as defined
below), the Company may be obligated to make payments to the Executive in accordance with the provisions of Sections 4 or 5 above,
and as required by this Agreement or by applicable law.

 

    	CTI Employment Contract – Chansky
	2	 

     

    

  

(ii)
Termination without Cause. The Company may terminate the Executive’s employment with the Company at any time with
or without cause, by delivery to the Executive of a written notice of termination from the CEO of the Company.

 

(A)    If
the Executive’s employment is terminated by the Company without Cause, including in the event of a Change of Control, as
defined below, the Company shall (x) continue to pay the Executive the Base Salary (at the rate in effect on the date the Executive’s
employment is terminated) until the end of the Severance Period (as defined in Section 6(e) below), (y) with respect to the Annual
Bonus, to the extent the Milestones are achieved, pay the Executive a pro rata portion of the Annual Bonus for the year of the
Employment Period on the date such Annual Bonus would have been payable to the Executive had the Executive remained employed by
the Company, and (z) pay any other accrued compensation and Benefits. The Executive shall not have any further rights under this
Agreement or otherwise to receive any other compensation or benefits after such termination of employment.

 

(B)    If,
following a termination of employment without Cause, the Executive breaches the provisions of Sections 7, 8 or 9 hereof, the
Executive shall not be eligible, as of the date of such breach, for the payments and benefits described in Section 6 (a)(ii),
and any and all obligations and agreements of the Company with respect to such payments shall thereupon cease.

 

(b) Discharge for
Cause. Upon written notice to the Executive, the Company may terminate the Executive’s employment for “Cause”
if any of the following events shall occur:

 

(i) any act
or omission that constitutes a material breach by the Executive of any of his obligations under this Agreement;

 

(ii) the willful
and continued failure or refusal of the Executive to satisfactorily perform the duties reasonably required of him as an employee
of the Company;

 

(iii) the Executive’s
conviction of, or plea of nolo contendere to, (i) any felony or (ii) a crime involving dishonesty or moral turpitude
or which could reflect negatively upon the Company or otherwise impair or impede its operations;

 

(iv) the Executive’s
engaging in any misconduct, negligence, act of dishonesty (including, without limitation, theft or embezzlement), violence, threat
of violence or any activity that could result in any violation of federal securities laws, in each case, that is injurious to the
Company or any of its Affiliates;

 

(v) the Executive’s
material breach of a written policy of the Company or the rules of any governmental or regulatory body applicable to the Company;

 

(vi) the Executive’s
refusal to follow the directions of the CEO or the Board;

 

(vii) any other
willful misconduct by the Executive which is materially injurious to the financial condition or business reputation of the Company
or any of its Affiliates, or

 

(viii) the
Executive’s breach of his obligations under Section 7, 8 or 9 of this Agreement.

 

In the event the Executive
is terminated for Cause, the Company shall have no obligation to make payments to the Executive in accordance with the provisions
of Sections 4 or 5 above, or, except as otherwise required by law, to provide the benefits described in Section 5 above, for periods
after the Executive's employment with the Company is terminated on account of the Executive's discharge for Cause except for the
then applicable Base Salary accrued through the date of such termination.

 

(c) Disability.
The Company shall have the right, but shall not be obligated to terminate the Executive's employment hereunder in the event
the Executive becomes disabled such that he is unable to discharge his duties to the Company for a period of ninety
(90) consecutive days or one hundred twenty (120) days in any one hundred eighty (180) consecutive day period, provided longer
periods are not required under applicable local labor regulations (a “Permanent Disability”). In the event of
a termination of employment due to a Permanent Disability, the Company shall be obligated to continue to make payments to the Executive
in an amount equal to the then applicable Base Salary for the Severance Period (as defined below) after the Executive’s employment
with the Company is terminated due to a Permanent Disability. A determination of a Permanent Disability shall be made by a physician
satisfactory to both the Executive and the Company; provided, however, that if the Executive and the Company do not
agree on a physician, the Executive and the Company shall each select a physician and those two physicians together shall select
a third physician, whose determination as to a Permanent Disability shall be binding on all parties.

 

    	CTI Employment Contract – Chansky
	3	 

     

    

  

(d) Death.
The Executive's employment hereunder shall terminate upon the death of the Executive. The Company shall have no obligation
to make payments to the Executive in accordance with the provisions of Sections 0 or 0 above, or, except as otherwise required
by law or the terms of any applicable benefit plan, to provide the benefits described in Section 5 above, for periods after the
date of the Executive's death except for then applicable Base Salary earned and accrued through the date of death, payable to the
Executive or his successor.

 

(e) Termination for
Good Reason. The Executive may terminate this Agreement at any time for Good Reason. In the event of termination under this
Section 0(e), the Company shall pay to the Executive severance in an amount equal to the then applicable Base Salary for a period
equal to the number of months set forth on Schedule A hereto (the “Severance Period”), subject to the
Executive’s continued compliance with Sections 7, 8 and 9 of this Agreement for the applicable Severance Period following
the Executive’s termination, and subject to the Company’s regular payroll practices and required withholdings. Such
severance shall be reduced by any cash remuneration paid to the Executive because of the Executive’s employment or self-employment
during the Severance Period. The Executive shall continue to receive all Benefits during the Severance Period. The Executive shall
not have any further rights under this Agreement or otherwise to receive any other compensation or benefits after such resignation.
For the purposes of this Agreement, “Good Reason” shall mean any of the following (without Executive’s express
written consent):

 

(i) the assignment
to the Executive of duties that are significantly different from, and that result in a substantial diminution of, the duties that
he assumed on the Effective Date;

 

(ii) removal
of the Executive from his position as indicated on Schedule A hereto, or the assignment to the Executive of duties
that are significantly different from, and that result in a substantial diminution of, the duties that he assumed under this Agreement,
within twelve (12) months after a Change of Control (as defined below);

 

(iii) the taking
of any action by the Company that would, directly or indirectly, materially reduce the Executive’s benefits, unless said
reductions are pari passu with other senior executives of the Company; or

 

(iv) a
breach by the Company of any material term of this Agreement that is not cured by the Company within 30 days following receipt
by the Company of written notice thereof.

 

For purposes of this
Agreement, “Change of Control” shall mean the occurrence of any one or more of the following: (i) the accumulation,
whether directly, indirectly, beneficially or of record, by any individual, entity or group (within the meaning of Section 13(d)(3)
or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) of 50% or more of the shares of
the outstanding equity securities of the Company, (ii) a merger or consolidation of the Company in which the Company does
not survive as an independent company or upon the consummation of which the holders of the Company’s outstanding equity securities
prior to such merger or consolidation own less than 50% of the outstanding equity securities of the Company after such merger or
consolidation, or (iii) a sale of all or substantially all of the assets of the Company; provided, however, that the following
acquisitions shall not constitute a Change of Control for the purposes of this Agreement: (A) any acquisitions of common stock
or securities convertible into common stock directly from the Company, or (B) any acquisition of common stock or securities convertible
into common stock by any employee benefit plan (or related trust) sponsored by or maintained by the Company.

 

    	CTI Employment Contract – Chansky
	4	 

     

    

  

(f)    Notice
of Termination.    Any termination of employment by the Company or the Executive shall be communicated
by a written “Notice of Termination” to the other party hereto given in accordance with Section 0 of this Agreement.
In the event of a termination by the Company for Cause, the Notice of Termination shall (i) indicate the specific termination
provision in this Agreement relied upon, (ii) set forth in reasonable detail the facts and circumstances claimed to provide
a basis for termination of the Executive’s employment under the provision so indicated and (iii) specify the date of
termination, which date shall be the date of such notice. The failure by the Executive or the Company to set forth in the Notice
of Termination any fact or circumstance which contributes to a showing of Cause shall not waive any right of the Executive or the
Company, respectively, hereunder or preclude the Executive or the Company, respectively, from asserting such fact or circumstance
in enforcing the Executive’s or the Company’s rights hereunder.

 

(g)    Resignation
from Directorships and Officerships.    The termination of the Executive’s employment for any reason
will constitute the Executive’s resignation from (i) any director, officer or employee position the Executive has with
the Company or any of its Affiliates, and (ii) all fiduciary positions (including as a trustee) the Executive holds with respect
to any employee benefit plans or trusts established by the Company. The Executive agrees that this Agreement shall serve as written
notice of resignation in this circumstance, unless otherwise required by any plan or applicable law.

 

7. Inventions and
Patents. The Executive acknowledges that all inventions, innovations, improvements, know-how, plans, development, methods,
designs, analyses, specifications, software, drawings, reports and all similar or related information (whether or not patentable
or reduced to practice) which related to any of the Company’s actual or proposed business activities and which are created,
designed or conceived, developed or made by the Executive during the Executive’s past or future employment by the Company
or any Affiliates, or any predecessor thereof (“Work Product”), belong to the Company, or its Affiliates, as applicable.
Any copyrightable work falling within the definition of Work Product shall be deemed a “work made for hire” and ownership
of all right title and interest shall rest in the Company. The Executive hereby irrevocably assigns, transfers and conveys, to
the full extent permitted by law, all right, title and interest in the Work Product, on a worldwide basis, to the Company to the
extent ownership of any such rights does not automatically vest in the Company under applicable law. The Executive will promptly
disclose any such Work Product to the Company and perform all actions requested by the Company (whether during or after employment)
to establish and confirm ownership of such Work Product by the Company (including without limitation, assignments, consents, powers
of attorney and other instruments).

 

8. Confidentiality
Covenants.

 

(a) The Executive understands
that the Company and/or its Affiliates, from time to time, may impart to the Executive confidential information, whether such information
is written, oral or graphic.

 

For purposes of this
Agreement, “Confidential Information” means information, which is used in the business of the Company or its Affiliates
and (i) is proprietary to, about or created by the Company or its Affiliates, (ii) gives the Company or its Affiliates
some competitive business advantage or the opportunity of obtaining such advantage or the disclosure of which could be detrimental
to the interests of the Company or its Affiliates, (iii) is designated as Confidential Information by the Company or its Affiliates,
is known by the Executive to be considered confidential by the Company or its Affiliates, or from all the relevant circumstances
should reasonably be assumed by the Executive to be confidential and proprietary to the Company or its Affiliates, or (iv) is
not generally known by non-Company personnel. Such Confidential Information includes, without limitation, the following types of
information and other information of a similar nature (whether or not reduced to writing or designated as confidential):

 

(i) Internal
personnel and financial information of the Company or its Affiliates, vendor information (including vendor characteristics, services,
prices, lists and agreements), purchasing and internal cost information, internal service and operational manuals, and the manner
and methods of conducting the business of the Company or its Affiliates;

     

(ii) Marketing
and development plans, price and cost data, price and fee amounts, pricing and billing policies, bidding, quoting procedures, marketing
techniques, forecasts and forecast assumptions and volumes, and future plans and potential strategies (including, without limitation,
all information relating to any acquisition prospect and the identity of any key contact within the organization of any acquisition
prospect) of the Company or its Affiliates which have been or are being discussed;

 

    	CTI Employment Contract – Chansky
	5	 

     

    

      

(iii) Names
of customers and their representatives, contracts (including their contents and parties), customer services, and the type, quantity,
specifications and content of products and services purchased, leased, licensed or received by customers of the Company or its
Affiliates; and

     

(iv) Confidential
and proprietary information provided to the Company or its Affiliates by any actual or potential customer, government agency or
other third party (including businesses, consultants and other entities and individuals).

 

The Executive hereby
acknowledges the Company’s exclusive ownership of such Confidential Information.

 

(b) The Executive agrees
as follows: (1) only to use the Confidential Information to provide services to the Company and its Affiliates; (2) only to communicate
the Confidential Information to fellow employees, agents and representatives on a need-to-know basis; and (3) not to otherwise
disclose or use any Confidential Information, except as may be required by law or otherwise authorized by the Board. Upon demand
by the Company or upon termination of the Executive’s employment, the Executive will deliver to the Company all manuals,
photographs, recordings and any other instrument or device by which, through which or on which Confidential Information has been
recorded and/or preserved, which are in the Executive’s possession, custody or control.

 

9. Representation.
The Executive hereby represents that the Executive’s entry into this Employment Agreement and performance of the services
hereunder will not violate the terms or conditions of any other agreement to which the Executive is a party.

 

10. Arbitration.
In the event of any breach arising from the performance of this Agreement, either party may request arbitration. In such event,
the parties will submit to arbitration by a qualified arbitrator with the definition and laws of the State of Connecticut. Such
arbitration shall be final and binding on both parties.

 

11. Governing Law/Jurisdiction.
This Agreement and any disputes or controversies arising hereunder shall be construed and enforced in accordance with and governed
by the internal laws of the State of Connecticut without regard to the conflicts of laws principles thereof.

 

12. Public Company
Obligations. Executive acknowledges that the Company is a public company whose Common Stock has been registered under the US
Securities Act of 1933, as amended (the “Securities Act”), and registered under the Exchange Act, and that this Agreement
may be subject to the public filing requirements of the Exchange Act. Executive acknowledges and agrees that the applicable insider
trading rules, transaction reporting rules, limitations on disclosure of non-public information and other requirements set forth
in the Securities Act, the Exchange Act and rules and regulations promulgated by the SEC may apply to this Agreement and Executive’s
employment with the Company. Executive (on behalf of himself, as well as the Executive’s executors, heirs, administrators
and assigns), absolutely and unconditionally agrees to indemnify and hold harmless the Company and all of its past, present and
future affiliates, executors, heirs, administrators, shareholders, employees, officers, directors, attorneys, accountants, agents,
representatives, predecessors, successors and assigns from any and all claims, debts, demands, accounts, judgments, causes of action,
equitable relief, damages, costs, charges, complaints, obligations, controversies, actions, suits, proceedings, expenses, responsibilities
and liabilities of every kind and character whatsoever (including, but not limited to, reasonable attorneys’ fees and costs)
in the event of Executive’s breach of any obligation of Executive under the Securities Act, the Exchange Act, any rules promulgated
by the SEC and any other applicable federal, state or foreign laws, rules, regulations or orders.

 

13. Entire Agreement.
This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and thereof
and supersedes and cancels (i) any and all previous agreements, written and oral, regarding the subject matter hereof between the
parties hereto. This Agreement shall not be changed, altered, modified or amended, except by a written agreement signed by both
parties hereto.

 

    	CTI Employment Contract – Chansky
	6	 

     

    

  

14. Notices.
All notices, requests, demands and other communications called for or contemplated hereunder shall be in writing and shall be deemed
to have been given when delivered to the party to whom addressed or when sent by telecopy (if promptly confirmed by registered
or certified mail, return receipt requested, prepaid and addressed) to the parties, their successors in interest, or their assignees
at the following addresses, or at such other addresses as the parties may designate by written notice in the manner aforesaid:

 

	(a)	to the Company:
	 	 	 
	 	Calmare Therapeutics, Inc.
	 	1375 Kings Highway East
	 	Fairfield, Connecticut 06824
	 	Phone:	(203) 368-6044
	 	Fax: 	(203) 368-5399
	 	Attn: 	President & CEO
	 	 	 
	 	with a copy to:
	 	 	 
	 	Szaferman, Lakind, Blumstein & Blader, P.C.
	 	101 Grovers Mill Road, Second Floor
	 	Lawrenceville, New Jersey 08648
	 	Attn: 	Gregg Jaclin. Esq.
	 	Fax:	(609) 275-4511
	 	 	 
	(b)	to the Executive:
	 	 
	 	To the latest address on file with the Company.

 

All such notices, requests
and other communications will (i) if delivered personally to the address as provided in this Section, be deemed given upon delivery,
(ii) if delivered by facsimile transmission to the facsimile number as provided for in this Section, be deemed given upon facsimile
confirmation, (iii) if delivered by mail in the manner described above to the address as provided for in this Section, be deemed
given on the earlier of the third business day following mailing or upon receipt and (iv) if delivered by overnight courier to
the address as provided in this Section, be deemed given on the earlier of the first business day following the date sent by such
overnight courier or upon receipt (in each case regardless of whether such notice, request or other communication is received by
any other person to whom a copy of such notice is to be delivered pursuant to this Section). Either party may, by notice given
to the other party in accordance with this Section, designate another address or person for receipt of notices hereunder.

 

15. Severability.
If any term or provision of this Agreement, or the application thereof to any person or under any circumstance, shall to any extent
be invalid or unenforceable, the remainder of this Agreement, or the application of such terms to the persons or under circumstances
other than those as to which it is invalid or unenforceable, shall be considered severable and shall not be affected thereby, and
each term of this Agreement shall be valid and enforceable to the fullest extent permitted by law. The invalid or unenforceable
provisions shall, to the extent permitted by law, be deemed amended and given such interpretation as to achieve the economic intent
of this Agreement.

 

16. Waiver.
The failure of any party to insist in any one instance or more upon strict performance of any of the terms and conditions hereof,
or to exercise any right or privilege herein conferred, shall not be construed as a waiver of such terms, conditions, rights or
privileges, but same shall continue to remain in full force and effect. Any waiver by any party of any violation of, breach of
or default under any provision of this Agreement by the other party shall not be construed as, or constitute, a continuing waiver
of such provision, or waiver of any other violation of, breach of or default under any other provision of this Agreement.

 

    	CTI Employment Contract – Chansky
	7	 

     

    

  

17. Successors and
Assigns. This Agreement shall be binding upon the Company and any successors and assigns of the Company. Neither this Agreement
nor any right or obligation hereunder may be assigned by the Executive. The Company may assign this Agreement and its right and
obligations hereunder, in whole or in part.

 

18. Counterparts.
This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which together shall
constitute one and the same instrument.

 

19. Headings.
Headings in this Agreement are for reference purposes only and shall not be deemed to have any substantive effect.

 

20. Opportunity
to Seek Advice. The Executive acknowledges and confirms that he has had the opportunity to seek such legal, financial and other
advice and representation as he has deemed appropriate in connection with this Agreement, that the Executive is fully aware of
its legal effect, and that Executive has entered into it freely based on the Executive’s judgment and not on any representations
or promises other than those contained in this Agreement.

 

21. Withholding
and Payroll Practices. All salary, severance payments, bonuses or benefits payments made by the Company under this Agreement
shall be net of any tax or other amounts required to be withheld by the Company under applicable law and shall be paid in the ordinary
course pursuant to the Company’s then existing payroll practices.

 

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

 

 

[The
next page is the signature page]

  

    	CTI Employment Contract – Chansky
	8	 

     

    

 

EXECUTIVE:

 

	/s/ Dr. Christine Chansky
	Dr. Christine Chansky

  

CALMARE THERAPEUTICS, INC.

  

	 	By:	 /s/ Conrad Mir
	 	 
	 	Name: Conrad Mir
	 	Title: President & CEO

 

    	CTI Employment Contract – Chansky
	9	 

     

    

 

 

Schedule A 

 

		1.	Employment Period: Eighteen (18) calendar months, renewable by mutual agreement.

 

	 	2.	Employment: 

 

	 	a.	Title: Vice President and Chief Regulatory Officer

 

	 	b.	Executive Duties: Perform such services and duties as are normally and customarily associated with the positions of Chief Regulatory Officer as well as such other associated duties as the Company’s CEO shall reasonably determine. Executive shall devote sufficient time, attention and energies during regular business hours to effectively perform his duties and obligations hereunder.

 

	 	3.	Base Salary: One hundred eighty-five thousand dollars ($185,000) per year.

 

	 	4.	Bonus: 40% of the Base Salary, payable annually after the close of the calendar year and subject to mutually agreed upon Milestones.

 

	 	5.	Initial Stock Option Grant: Three hundred thousand (300,000) options that will vest over a five (5) year period beginning on the date of employment, be priced on the date of grant, and be subject to the following leak-out provision:

 

	 	a.	Leak-out Provision: For a period of twenty-four (24) months from January 15, 2016, Executive shall not sell, transfer, assign, convey, donate, pledge, encumber, alienate, or in any way dispose of (collectively "Sell") any of the Shares or any portion, right or interest therein, except in compliance with the terms and conditions of the Agreement. Any purported or attempted transfer or assignment, whether voluntary or involuntary, of any Shares of the Company in violation of this Agreement shall be null and of no legal effect. Upon registration of the underlying Shares or upon compliance with, preparation, filing and clearing of appropriate documents required under Rule 144, on the first date of each month thereafter until the date of termination of this Agreement, Executive shall be permitted to sell the greater of (i) 20,000 shares per day or (i) that number of shares calculated by the total of 5% of the prior days trading volume (i.e., if the prior days trading volume is 300,000 shares, then the Holder shall be entitled to sell 15,000 shares on that day). Executive acknowledges that no sales may occur at a posted bid price on the stock.

 

	 	7.	Vacation: Three (3) weeks.

 

	 	8.	Severance Period: Four (4) months, applicable after a year of employment

 

    	CTI Employment Contract – Chansky
	10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00257-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00257-of-00352.parquet"}]]