Document:

Exhibit 10.2

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT
AGREEMENT (this "Agreement") is made effective as of the 5th
day of May 2015 (the "Effective Date") by and between THOMAS VIRGIN, an individual ("Employee")
and DUBLI, INC., a Nevada corporation ("Company").

 

RECITALS

 

Company
wishes to employ Employee, and Employee wishes to be employed by Company, in accordance with the terms and conditions hereinafter
set forth.

 

NOW,
THEREFORE, in consideration of the foregoing, the mutual covenants and agreements set forth herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, each of Employee and Company hereby agree as follows:

 

1.           Employment.
Company hereby employs Employee and hereby affirms the employment of Employee as the Chief Financial Officer of Company, and Employee
hereby affirms, renews and accepts such employment, for the "Term" (as defined in Section 3 below), upon the terms and
conditions set forth herein.

 

2.           Position
and Duties. During the Term of this Agreement, the Employee shall be employed and serve as the Chief Financial Officer of
Company, and shall have such duties typically associated with such title and shall exercise such power and authority as may, from
time to time, be delegated to him by the Chief Executive Officer of Company. The Employee shall devote his full business time,
attention and efforts to the performance of his duties under this Agreement, render such services to the best of his ability,
and use his reasonable best efforts to promote the interests of Company. The Employee shall not engage in any other business or
occupation during the Term, including, without limitation, any activity that (i) conflicts with the interests of Company and its
affiliated entities, (ii) interferes with the proper and efficient performance of his duties for Company, or (iii) interferes
with the exercise of his judgment in Company's best interest. Notwithstanding the foregoing or any other provision of this Agreement,
it shall not be a breach or violation of this Agreement for the Employee to (x) serve on civic or charitable boards or committees,
(y) deliver lectures, fulfill speaking engagements or teach at educational institutions on a part-time basis approved by the Board
of Directors, or (z) manage personal investments, so long as such activities do not significantly interfere with or significantly
detract from the performance of the Employee's responsibilities to Company in accordance with this Agreement.

 

3.           Term. The "Term" of this Agreement shall commence on the Effective Date and continue thereafter for a term of
five (5) years (the "Initial Term", as may be extended or earlier terminated pursuant to the terms and conditions of
this Agreement. The Term of this Agreement shall automatically renew for successive one (1) year periods after the first five
(5) years from the Effective Date unless, within sixty (60) days of the expiration of the then existing Term, Company or Employee
provides written notice to the other party that it elects not to renew the Term. Upon delivery of such notice, this Agreement
shall continue until expiration of the Term, whereupon this Agreement shall terminate.

 

    	 

    	 

    

 

4.           Compensation.

 

4.1         Salary.
Company shall pay to Employee a total minimum annual salary of Two Hundred and Fifty Thousand Dollars ($250,000.00) (the "Minimum
Salary"), payable in equal installments at the end of such regular payroll accounting periods as are established by Company,
or in such other installments upon which the parties hereto shall mutually agree. The Minimum Salary shall be paid to Employee
by the Corporation, subject to the terms set out below. In addition, Company may pay additional salary from time to time, and
award bonuses in cash, stock or stock options or other property and services, as Company may determine in its sole discretion
or pursuant to separate agreements with Employee.

 

4.2         Stock
Option. The Company shall issue a Stock Option Agreement to Employee to grant 5 million options which options shall vest
in 60 equal monthly installments and be exercisable at a price equal to the market price of the Company's common stock on the
date that the Stock Option Agreement is approved by the Board (or Compensation Committee) of the Company.

 

4.3         Benefits. During
the Term, Employee shall be entitled to participate in all medical and other employee benefit plans, including vacation, sick
leave, retirement accounts, profit sharing, stock option plans, stock appreciation rights, and other employee benefits, provided
by Company to employees similarly situated.

 

4.4         Expense
Reimbursement. Company shall reimburse Employee for reasonable and necessary expenses incurred by him on behalf of
Company in the performance of his duties hereunder during the Term, provided that such expenses are adequately documented in
accordance with Company's then customary reimbursement policies.

 

5.           Indemnification.

 

5.1         Third
Party Actions. Subject to limitations imposed by law, Company shall indemnify and hold harmless the Employee to the
fullest extent permitted by law from and against any and all claims, damages, expenses (including reasonable attorneys'
fees), judgments, penalties, fines, settlements, and all other liabilities incurred or paid by him in connection with the
investigation, defense, prosecution, settlement or appeal of any threatened, pending or completed action, suit or proceeding,
whether civil, criminal, administrative or investigative and to which the Employee was or is a party or is threatened to be
made a party by reason of the fact that the Employee is or was an officer, Employee or agent of Company, or by reason of
anything done or not done by the Employee in any such capacity or capacities, provided that the Employee acted in good faith,
in a manner that was not grossly negligent or constituted willful misconduct and in a manner he reasonably believed to be in
or not opposed to the best interests of Company, and, with respect to any criminal action or proceeding, had no reasonable
cause to believe his conduct was unlawful. Company also shall pay any and all expenses (including reasonable attorney's fees)
incurred by the Employee as a result of the Employee being called as a witness in connection with any matter involving
Company and/or any of its officers or directors.

 

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5.2         Company
Expense Reimbursement. Company shall advance to Employee any expenses (including reasonable attorneys' fees), judgments, penalties,
fines, settlements, and other liabilities incurred by the Employee in investigating, defending, settling or appealing any action,
suit or proceeding described in this Section 5.2 in advance of the final disposition of such action, suit or proceeding and as
set forth in the following sentence. Company shall promptly pay the amount of such expenses to the Employee on a monthly basis
as such expenses are incurred by Employee, but in no event later than 10 days following the Employee's delivery to Company of
a written request for an advance pursuant to this Section 5.2, together with a reasonable accounting of such expenses.

 

5.3         Employee
Reimbursement of Expenses. The Employee hereby undertakes and agrees to repay to Company any advances made pursuant to this
Section 24 if and to the extent that it shall ultimately be found that the Employee is not entitled to be indemnified by Company
for such amounts.

 

5.4.        Insurance. Company shall purchase and maintain directors' and officers' insurance which includes Employee as an insured
against liability asserted against or incurred by Employee in any capacity or arising out of Employee's status as such , whether
or not Company has the power to indemnify Employee against that liability under the provisions of this Section 5. Such insurance
shall be maintained while Employee is employed by Company and for one (1) year after termination of Employee's employment.

 

5.5         Survival. The
provisions of this Section 5 shall survive the termination of the Term of Employment or expiration of the term of this Agreement.

 

6.           Confidential Information/ Inventions.

 

6.1         Confidentiality.
During the Term of this Agreement and for three (3) years thereafter, Employee shall not, in any manner, for any reason, either
directly or indirectly, divulge or communicate to any person, firm or corporation, any confidential information concerning any
matters not generally known in Company's industry or otherwise made public by Company which affects or relates to Company's business,
finances, marketing and/ or operations, research, development, inventions, products, designs, plans, procedures, or other data
(collectively, "Confidential Information") except in the ordinary course of his duties for Company or as required by
applicable law. Without regard to whether any item of Confidential Information is deemed or considered confidential, material,
or important, the parties hereto stipulate that as between them, to the extent such item is not generally known in the Company's
industry, such item is important, material, and confidential and affects the successful conduct of Company's business and good
will, and that any breach of the terms of this Section 6.1 shall be a material and incurable breach of this Agreement.

 

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6.2         Documents
Owned by Company. Employee further agrees that all documents and materials furnished to Employee by Company and relating to
Company's business or prospective business are and shall remain the exclusive property of Company as the case may be. Employee
shall deliver all such documents and materials to Company upon demand therefore and in any event upon expiration or earlier termination
of this Agreement. Any payment of sums due and owing to Employee by Company upon such expiration or earlier termination shall
be conditioned upon returning all such documents and materials, and Employee expressly authorizes Company to withhold any payments
due and owing pending return of such documents and materials.

 

6.3         Inventions.
All ideas, inventions, and other developments or improvements conceived or reduced to practice by Employee, alone or with
others, during the term of this Agreement, whether or not during working hours, that are within the scope of the business of
Company or that relate to or result from any of Company's work or projects or the services provided by Employee to Company
pursuant to this Agreement, shall be the exclusive property of Company. Employee agrees to assist Company during the Term of
this Agreement, at Company's expense, to obtain patents and copyrights on any such ideas, inventions, writings, and other
developments, and agrees to execute all documents necessary to obtain such patents and copyrights in the name of Company.

 

7.           Covenant Not to Compete. During the Term of this Agreement, Employee shall not engage in any of the following competitive
activities: (a) engaging directly or indirectly in any business or activity substantially similar to any business or activity
engaged in by Company as of the date of this Agreement; (b) soliciting the services of, hiring or taking away any employee, agent,
representative, contractor, supplier, vendor, customer, franchisee, lender officer, director or investor of Company or its affiliated
companies or successors either on behalf of himself or for any other person, firm or corporation, or attempting to so solicit,
hire or take away; (c) otherwise interfering with any contractual or other relationship between Company and any employee, agent,
representative, contractor, supplier, vendor, customer, franchisee, lender or investor; or (d) using, for the benefit of any person
or entity other than the Company, any Confidential Information of the Company.

 

8.           Survival of Covenant Not to Compete. Employee agrees that the provisions of Section 7 shall survive expiration or earlier
termination of this Agreement for any reason, whether voluntary or involuntary, with or without cause, and shall remain in full
force and effect for a period of one (1) year following the date this Agreement is terminated. In addition, during the two-year
period following such expiration or earlier termination, Employee shall not make or permit the making of any negative statement
of any kind concerning the Company.

 

9.           Injunctive Relief. Employee acknowledges and agrees that the covenants and obligations of Employee set forth in Sections
6 and 7 with respect to non-competition, non-solicitation, confidentiality and the Company's property relate to special, unique
and extraordinary matters and that a violation of any of the terms of such covenants and obligations will cause Company irreparable
injury for which adequate remedies are not available at law. Therefore, Employee agrees that Company shall be entitled to an injunction,
restraining order or such other equitable relief (without the requirement to post bond) as a court of competent jurisdiction may
deem necessary or appropriate to restrain Employee from committing any violation of the covenants and obligations referred to
in this Section 9. These injunctive remedies are cumulative and in addition to any other rights and remedies Company may have
at law or in equity.

 

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10.         Termination

 

10.1       Termination
by Employee. Employee may terminate this Agreement without cause at any time and for "good reason". For
purposes of this Agreement, the term "good reason" for termination by Employee shall mean (a) any material
reduction in the amount or type of compensation paid to the Employee or material reduction in benefits inconsistent with
benefit reductions taken by other members of Company's senior management; or (b) the Board or Company requests the
Employee to engage in actions that would constitute illegal or unethical acts; or (c) any material breach of any written
agreement entered into between the Employee and Company, including this Agreement, which is not remedied by Company within
thirty (30) days after receipt of notice thereof given by the Employee. Company will have thirty (30) days in which to cure
the reason(s) provided by the Employee. At the end of the 30-day period, if Company has not cured the Good Reason cause of
the Employee's termination, the Employee's employment will terminate following a reasonable transition period specified by
Company not to exceed thirty (30) days. The written notice given hereunder by Employee to Company shall specify in reasonable
detail the cause for termination. The Employee shall be entitled to voluntarily terminate his employment with Company prior
to the end of the Employment Term upon ninety (90) days prior written notice from the Employee to the Company.

 

10.2       Termination
by Company. Company may terminate its employment of Employee under this Agreement without cause at any time and for any
reason upon ninety (90) days' written notice to Employee. Company may terminate its employment of Employee under this
Agreement for cause at any time by written notice to Employee. For purposes of this Agreement, the term "cause" for
termination by Company shall be the Employee's (a) commission of a felony or other crime involving moral turpitude, or the
commission of any other act or omission involving dishonesty or fraud with respect to Company or any of its respective
customers or suppliers; (b) breach of fiduciary duty, willful misconduct or gross negligence with respect to Company; (c)
substantial and repeated failure to perform duties as reasonably directed in writing by the Board of Directors; provided,
however, that if any such breach is subject to cure, Employee shall be entitled to written notice of and an opportunity
to cure such breach to the Board of Directors' reasonable satisfaction within 30 calendar days of notice of such breach;
(d) material breach of this Agreement; provided, however, that if any such breach is subject to cure,
Employee shall be entitled to written notice of and an opportunity to cure such breach to the Board of Directors' reasonable
satisfaction within 30 calendar days of notice of such breach; (e) any action taken against Employee by a regulatory body or
self-regulatory organization that materially impairs the Employee from performing his duty for a period of more than 180
days; or (f) alcoholism or drug addiction which materially impairs the Employee's ability to perform his duties.

 

An act or failure to act
shall not be "willful" if (A) done by the Employee in good faith and (B) the Employee reasonably believed that
such action or inaction was in the best interests of Company. The written notice given hereunder by Company to Employee shall
specify in reasonable detail the cause for termination. In the case of a termination for the cause described in (a) above, such
termination shall be effective upon receipt of the written notice.

 

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10.3       Severance.
Upon a termination of this Agreement with cause by Company, Company shall immediately pay to Employee all accrued and unpaid compensation
as of the date of such termination, and Employee shall not be entitled to a "Severance Payment." Upon a termination
of this Agreement with "good reason" by Employee or without cause by Company, Company shall immediately pay to Employee
all accrued and unpaid compensation as of the date of such termination plus the Severance Payment. The accrued compensation due
and payable at termination shall bear interest at the lesser of six percent (6%) per annum or the maximum rate permitted by law
until such amounts are paid in full. If this Agreement is terminated with "good reason" by Employee or for any reason
by Company, the "Severance Payment" shall equal the total amount of salary payable to Employee under Section 4.1 of
this Agreement from the date of such termination until three (3) months after termination payable in equal installments at the
end of such regular payroll accounting periods as are established by Company, or in such other installments upon which the parties
hereto shall mutually agree. After one year of employment, the "Severance Payment" shall increase to the total amount
of salary payable to Employee under Section 4.1 of this Agreement from the date of such termination until six (6) months after
termination. If this Agreement is terminated for any reason by Employee or Company, all vested stock options then held by the
Employee will remain exercisable for a period of ninety (90) days from the date of such termination, but in no event later than
the expiration date of the option.

 

11.         Termination Upon Death. If Employee dies during the term of this Agreement, this Agreement shall terminate, except that
Employee's legal representatives shall be entitled to receive any earned but unpaid compensation due hereunder. All vested stock
options then held by the Employee will remain exercisable for a period of three (3) years from the date of the Employee's death,
but in no event later than the expiration date of the option.

 

12.         Termination Upon Disability. If, during the term of this Agreement, Employee suffers and continues to suffer from a "Disability"
(as defined below), then Company may terminate this Agreement by delivering to Employee sixty (60) calendar days prior written
notice of termination based on such Disability, setting forth with specificity the nature of such Disability and the determination
of Disability by Company. For the purposes of this Agreement, "Disability" means Employee's inability, with reasonable
accommodation, to substantially perform Employee's duties, services and obligations under this Agreement due to physical or mental
illness or other disability for a continuous, uninterrupted period of ninety (90) calendar days. All vested stock options held
by the Employee will remain exercisable for a period of ninety (90) days from the date of termination due to Disability, but in
no event later than the expiration date of the option.

 

13.         Personnel
Policies, Conditions, And Benefits.  Except as otherwise provided herein, Employee's employment shall be subject to the
personnel policies and benefit plans which apply generally to Company's employees as the same may be interpreted, adopted,
revised or deleted from time to time, during the term of this Agreement, by Company in its sole discretion. Each year during
the term hereof, Employee shall receive vacation at the rate of four (4) weeks per year; provided that any unused vacation
shall accrue until March 30 of the following calendar year.

 

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14.         Beneficiaries of Agreement. This Agreement shall inure to the benefit of Company and any affiliates, successors, assigns,
parent corporations, subsidiaries, and/or purchasers of Company as they now or shall exist while this Agreement is in effect.
This Agreement shall be not be assignable by Employee.

 

15.         No
Waiver. No failure by either party to declare a default based on any breach by the other party of any obligation under this
Agreement, or failure of such party to act quickly with regard thereto, shall be considered to be a waiver of any such obligation,
or of any future breach.

 

16.         Modification.
No waiver or modification of this Agreement or of any covenant, condition, or limitation herein contained shall be valid unless
in writing and duly executed by the parties to be charged therewith.

 

17.         Choice Of Law/Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the headquarters
of Company, without regard to any conflict-of-laws principles. Company and Employee hereby consent to personal jurisdiction before
all courts in the County of Company's headquarters, and hereby acknowledge and agree that a court in the county of the Company's
headquarters is and shall be the most proper forum to bring a complaint before a court of law.

 

18.         Taxes. All payments made pursuant to this Agreement shall be subject to withholding of applicable income and employment
taxes.

 

19.         Counterparts and Facsimile. This Agreement may be executed in counterparts and by facsimile.

 

20.         Confidentiality
and Trading Restrictions. The parties agree the existence and negotiation of this Agreement, and any non-public information
exchanged in connection therewith, are confidential and they will not disclose any confidential information except as provided
herein. Either party may disclose such confidential information to its employees and advisors who are required to have the information
for the purpose of providing assistance in the negotiations. Company may disclose the existence of the negotiations and this Agreement
at such time as it determines public disclosure is required under the applicable securities laws. The parties will not use any
confidential information except for the decision whether to enter into an employment relationship and negotiating the terms of
employment. Executive will refrain from trading in the Company's securities until 72 hours after public disclosure by Company
of this Agreement. Thereafter, Employee may trade in Company's securities only in compliance with Company's Insider Trading Policy.

 

21.         Company
Policies. The employment relationship between the parties shall be governed by the general employment policies and
practices of the Company, including but not limited to those relating to protection of confidential information and assignment
of inventions, except that when the terms of this Agreement differ from or are in conflict with the Company's general employment
policies or practices, this Agreement shall control. Subject to the foregoing, Employee will sign within ten (10) days of presentation
by the Company, the Company's standard Employee Proprietary Information Agreement.

 

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22.         Entire
Agreement. This Agreement embodies the whole agreement between the parties hereto and there are no inducements, promises,
terms, conditions, or obligations made or entered into by Company or Employee other than contained herein.

 

23.         Severability. All agreements and covenants contained herein are severable, and in the event any of them, with the exception
of those contained in Sections 1 and 4 hereof, shall be held to be invalid by any competent court, this Agreement shall be interpreted
as if such invalid agreements or covenants were not contained herein.

 

24.         Headings. The headings contained herein are for the convenience of reference and are not to be used in interpreting this
Agreement.

 

IN WITNESS WHEREOF, this
Agreement has been duly executed by the parties hereto as of the date first above written.

 

	DUBLI,
    INC.	 	EMPLOYEE:
	 	 	 
	By:	 	 	By:	 
	 	Michael Hansen,
    President	 	 	Thomas Virgin

 

 

 

8Exhibit
10.3

 

DubLi,
Inc.

 

Stock
Option Agreement

 

This
Stock Option Agreement certifies that, pursuant to the DubLi, Inc. (the “Company”) Omnibus Equity
Compensation Plan (the “Plan”), the Compensation Committee has granted an option to purchase shares of
common stock, par value $0.001 per share (the “Common Stock”), of the Company as stated below. Capitalized
terms used herein and not defined shall have the meaning ascribed to such terms in the Plan.

 

	Optionee:	Eric
    Nelson
	 	 
	Address:	2910
                                         NW 28th Terrace

        Boca
        Raton, FL 33434

	 	 
	Number of
    Shares:	2,500,000 shares
    of the Common Stock (the “Option Shares”)
	 	 
	Option Exercise
    Price:	US 0.19 per share
    of Common Stock (the “Per Share Exercise Price”)
	 	 
	Grant Date:	May 5, 2015 (the
    “Grant Date”)

 

	 	DUBLI,
    INC.
	 	 	
	Dated: As of May
    29, 2015	By: 	/s/
    Thomas Virgin
	 	 	Name: Thomas Virgin
	 	 	Title: Chief Financial
    Officer

 

The
undersigned hereby accepts the foregoing option and agrees to the terms and conditions thereof as described in Exhibit A
attached hereto and made a part hereof. The undersigned hereby acknowledges receipt of a copy of the Plan, a copy of which
is attached hereto as Exhibit B, and agrees to be bound by the terms of such Plan.

 

	 	OPTIONEE
	 	 
	Dated: As of May
    29, 2015	/s/
    Eric Nelson
	 	Name: Eric Nelson

 

    	 

    	 

    

 

EXHIBIT
A

 

Terms
and conditions of the Non-Qualified Stock Option Agreement for Eric Nelson

 

Section
1.Grant of Option. DubLi, Inc., a Nevada corporation (the “Company”), hereby grants to the Optionee,
as of the Grant Date an option (the “Option”), pursuant to the Plan, to purchase the Option Shares at the Per
Share Exercise Price, purchasable as set forth in and subject to the terms and conditions of this Option and the Plan. Except
where the context otherwise requires, the term “Company” shall include all future subsidiaries of the Company as defined
in Sections 424(e) and 424(f) of the Internal Revenue Code of 1986, as amended or replaced from time to time (the “Code”).

 

Section
2.Non-Qualified Stock Option. The Option shall constitute and be treated at all times by the Optionee and the Company
as a "non-qualified stock option" for U.S. Federal income tax purposes and shall not constitute and shall not be treated
as an "incentive stock option" as defined under Section 422(b) of the Code.

 

Section
3.Exercise of Option and Provisions for Termination; Vesting Schedule. Subject to the terms set forth herein, the Option
shall vest and become exercisable eight (8) days after the date of Optionee's execution of the Severance Agreement between Company
and Optionee (the "Start Date"). Except as otherwise provided in this Agreement, this Option may be exercised
at any time during the period (the “Exercise Period”) commencing on the Start Date and terminating on June
4, 2018 (the “Expiration Date”). This Option may not be exercised at any time on or after the Expiration Date.

 

Section
4.Exercise Procedure. Subject to the conditions set forth in this Agreement and the Plan, this Option shall be exercised
by the Optionee’s delivery of written notice of exercise to the General Counsel of the Company, specifying the number of
Option Shares to be purchased and the purchase price to be paid therefor (the “Purchase Price”). Such notice
must be signed and dated and be accompanied by payment in full of the Purchase Price in accordance with Section 4 of this Agreement.
Such exercise shall be effective upon receipt by the General Counsel of the Company of such written notice together with the Purchase
Price. The Optionee may purchase less than the number of Shares covered hereby, provided that no partial exercise of this Option
may be for any fractional Share.

 

Section
5.Payment of Purchase Price. Payment of the Purchase Price for the Shares purchased upon the exercise of this Option
shall be made by delivery to the Company of one or some combination of the following items of consideration with a value on the
date of exercise equal to the Purchase Price of the subject Shares:

 

a.cash;

 

b.a
certified check or bank check; or

 

c.a
cash equivalent instrument that is reasonably acceptable to the Company.

 

Section
6.Delivery of Option Shares: Compliance with Securities Law, Etc.

 

a.General.
The Company shall, upon payment of the option price for the number of Option Shares purchased and paid for, make prompt delivery
of such Option Shares to the Optionee, provided that if any law or regulation require the Company to take any action
with respect to such Option Shares before the issuance thereof, then the date of delivery of such Option Shares shall be extended
for the period necessary to complete such action.

 

b.Listing
Qualifications, Securities Law Compliance, Etc. Notwithstanding anything to the contrary in this Agreement, no
shares of Common Stock purchased upon exercise of the Option, and no certificate representing such shares, shall be issued or
delivered if (a) such shares have not been admitted to listing upon official notice of issuance on each stock exchange, if any,
upon which shares of that class are then listed, or (b) in the opinion of counsel to the Company, such issuance or delivery would
(i) cause the Company to be in violation of or to incur liability under any federal, state or other securities law, or any other
requirement of law or any requirement of any stock exchange regulations or listing agreement to which the Company is a party,
or of any administrative or regulatory body having jurisdiction over the Company or (ii) require registration (apart from any
registrations as have been theretofore completed by the Company covering such shares) under any federal, state, or other securities
or similar law.

 

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Section
7.Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any Option Shares which
may be purchased by exercise of this Option (including, without limitation, any rights to receive dividends or non-cash distributions
with respect to such Option Shares) unless and until a certificate representing such Option Shares is duly issued and delivered
to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such
certificate is issued.

 

Section
8.Adjustment Provisions.

 

a.General.
If, through or as a result of any consolidation of shares of Common Stock, merger or consolidation of the Company or its Subsidiaries
or sale or other disposition by the Company or its Subsidiaries of all or a portion of its assets, any other change in the Company's
or its Subsidiaries' corporate structure, or any distribution to shareholders other than a cash dividend results in the outstanding
shares of Common Stock, or any securities exchanged therefor or received in their place, being exchanged for a different number
or class of shares of Common Stock or other securities of the Company, or for shares of Common Stock or other securities of any
other Company; or new, different or additional shares or other securities of the Company or of any other Company being received
by the holders of outstanding shares of Common Stock, the Optionee shall, with respect to this Option or any unexercised portion
hereof, be entitled to the rights and benefits, and be subject to the limitations, set forth in the Plan.

 

b.Board
Authority to Make Adjustments. Any adjustments under this Section 9 will be made by the Board of Directors and/or the
Compensation Committee, whose determination as to what adjustments, if any, will be made and the extent thereof will be final,
binding and conclusive. No fractional Shares will be issued pursuant to this Option on account of any such adjustments.

 

Section
9.Withholding Taxes. The Company’s obligation to deliver Option Shares upon the exercise of this Option shall
be subject to the Optionee’s satisfaction of all applicable, federal, state and local income and other tax withholding requirements.

 

Section
10.Representations. The Optionee represents, warrants and covenants that:

 

a.Any
Option Shares purchased upon the exercise of this Option shall be acquired for the Optionee’s account for investment only,
and not with a view to, or for sale in connection with, any distribution of the Option Shares in violation of the Securities Act,
or any rule or regulation under the Securities Act.

 

b.The
Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information
as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company.

 

c.The
Optionee is able to bear the economic risk of holding such Option Shares acquired pursuant to the exercise of this Option for
an indefinite period.

 

d.The
Optionee understands the tax consequences of the granting of the Option, the acquisition of rights to exercise the Option with
respect to any Option Shares, the exercise, release or other disposal of the Option and purchase of Option Shares hereunder, and
the subsequent sale or other disposition of any Option Shares acquired hereunder. In addition, the Optionee understands that the
Company may be required to pay, or account for taxes in respect of any compensation income, or other income or gain realized by
the Optionee upon exercise of the Option granted hereunder. To the extent that the Company is required to pay, account for or
withhold any such taxes, then, unless both the Optionee and the Compensation Committee have otherwise agreed upon alternate arrangements,
the Optionee hereby agrees that the Company may deduct from any payments of any kind otherwise due to the Optionee an amount equal
to the total taxes required to be so paid, accounted for or withheld (as permitted by law), or if such payments are inadequate
to satisfy such taxes, or if no such payments are due or to become due to the Optionee, then the Optionee agrees to provide the
Company with cash funds or make other arrangements satisfactory to the Company regarding such payment. It is understood that all
matters with respect to the total amount of taxes to be withheld in respect of any such compensation income shall be determined
by the Company in its sole discretion.

 

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By
making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment,
the representations made in this Section 10.

 

Section
11.Restrictions on Transfer of Option Shares.

 

a.The
Optionee hereby acknowledges and agrees that the Option shall not be transferable by the Optionee other than by will or by the
laws of descent and distribution, and shall be exercisable during the lifetime of the Optionee only by him or by his guardian
or legal representative.

 

b.The
Optionee hereby acknowledges that in connection with any public offering of the Company’s Common Stock, the underwriters
for the Company may require that the Company's officers, directors, and/or certain other shareholders not sell their Shares for
a certain period of time before or after the effectiveness of any registration statement of the Company filed in connection with
such offering. The Optionee hereby agrees that upon the Company's request in connection with any such public offering, that the
Optionee will not, directly or indirectly, offer, sell, contract to sell, make subject to any purchase option, or otherwise dispose
of any Option Shares for a period requested by the underwriter or its representative, not to exceed ten (10) days before and 90
days after the date of the effectiveness of any such registration statement, without the prior written consent of the underwriter
or its representative.

 

Section
12.Legends. All stock certificates representing Option Shares issued to the Optionee upon exercise of this Option shall
have affixed thereto legends substantially in the following form, in addition to any other legends required by applicable state
law:

 

“The
shares of stock represented by this certificate are subject to certain restrictions on transfer contained in an Option Agreement,
a copy of which will be furnished upon request by the issuer.”

 

Section
13.Effectiveness of the Grant of the Option. The grant of the Option by the Company to the Optionee shall not become
effective until (i) Optionee and the Company both execute and deliver the Severance Agreement whereby the Option is granted and
such Severance Agreement is not revoked by Optionee pursuant to Paragraph 6 of the Severance Agreement, or otherwise, and (ii)
the Optionee executes the cover page of this Agreement and returns this Agreement with the executed cover page to the Company.
In the event the Optionee fails to execute and return this Agreement to the Company within one month after the Grant Date, this
Agreement shall immediately terminate in all respects and this Agreement shall immediately cease to be an operative contract.

 

Section
14.Plan Documents. This Agreement is qualified in its entirety by reference to the provisions of the Plan, as amended
from time to time, which are hereby incorporated herein by reference. The interpretation and construction by the Compensation
Committee of the Plan, this Agreement, the Option granted hereunder, and such rules and regulations as may be adopted by the Compensation
Committee for the purpose of administering the Plan, shall be final, binding and conclusive. Until the Option shall expire, terminate,
or be exercised in full, the Company shall, upon written request therefor, send a copy of the Plan, in its then-current form,
to the Optionee or any other person or entity then entitled to exercise the Options.

 

Section
15.Miscellaneous.

 

a.This
Agreement may (except as provided in the Plan) only be amended, altered or modified by a written instrument signed by the parties
hereto, or their respective successors, and it may not be terminated (except as provided herein or in the Plan).

 

b.This
Agreement is subject to the authorization of the necessary amount of shares by the appropriate bodies and an amendment of the
Plan covering the required amount of Shares to fulfill this Agreement.

 

    	4

    	 

    

 

c.All
notices under this Option shall be mailed or delivered by hand to (i) the Company at the address set forth below, (ii) the Optionee
at the address set forth on the first page of this option, or (iii) at such other address as may be designated in writing by either
of the parties to one another.

 

	 	If
    to the Company:	DubLi, Inc.
	 	 	6750 North Andrews
    Avenue, Suite 200
	 	 	Ft. Lauderdale,
    FL 33309
	 	 	 
	 	If to the Optionee:	See address of
    Optionee on the cover page of this Agreement.

 

Section
16.Applicable Law. This Option shall be governed by and construed in accordance with the laws of the State of Florida,
but without regard to the principle of conflict of laws thereof. If any one or more provisions of this Agreement shall be found
to be illegal or unenforceable in any respect, the validity and enforceability of the remaining provisions hereof shall not in
any way be affected or impaired thereby. The parties hereto hereby submit themselves to the exclusive jurisdiction of the state
or Federal courts located in Miami-Dade County, Florida and (a) agree and acknowledge that any claim, action or proceeding regarding
the Company or this Agreement shall be brought in such courts, and (b) hereby waive any objections to such venue, including, without
limitation, any objections based on such venue being an inconvenient forum.

 

Section
17.Entire Agreement. This Agreement constitutes the entire agreement between the Company and the Optionee and supersedes
any prior agreements and understandings, oral or written, between the Company and the Optionee concerning the subject matter of
this Agreement.

 

Section
18.Construction. The section headings contained in this Agreement are for reference only and shall have no effect on
the interpretation of any of the provisions of this Agreement.

 

Section
19.Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the successors and assigns
of the Company and upon the legal representatives, executors, administrators, heirs, legatees and any permitted assignee of the
Optionee.

 

    	5

    	 

    

  

EXHIBIT
B

 

COMPANY’S
OMNIBUS EQUITY COMPENSATION PLAN

 

[See
Attached]

 

 

6

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