Document:

EXHIBIT 10.2

 

AMENDMENT NO.
1

 

to

 

EMPLOYMENT SERVICES
AGREEMENT

 

AMENDMENT
NO. 1 TO EMPLOYMENT SERVICES AGREEMENT dated as of March 10, 2014 (the “Amendment”) by and between Alan Johnson
(the “Executive”) and Eventure Interactive, Inc. (the “Company”).

 

WHEREAS,
the Company entered into an Employment Services Agreement with the Executive as of November 21, 2012 (the “Employment Services
Agreement”) pursuant to which Executive serves as the Company’s President; and

 

WHEREAS,
Executive and the Company wish to modify certain arrangements under the Employment Services Agreement in the manner set forth herein.

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements contained herein, the receipt and sufficiency of which are
hereby acknowledged, the Company and the Executive agree as follows:

 

1.              Section
1 of the Employment Services Agreement is amended to read 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 as set forth on Schedule A hereto. Thereafter, the Employment Period shall automatically renew for successive
periods of three (3) years each, 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.              Section
4 of Schedule A of the Employment Services Agreement is amended to read as follows:

 

“4.          Annual
Bonus (paid quarterly): 100% of Base Salary, paid quarterly upon achievement of Milestones set by the Board of Directors during
each year of the Employment Period.”

 

3.          Executive
shall be entitled to receive 1,000,000 shares of the Company’s restricted common stock upon execution of this Amendment.

 

    	 

    	 

    

 

4.              No
Further Changes.  Until the resignation of Executive, all other terms of the Employment Services Agreement shall
continue with full force and effect.

 

[Signature
Page Follows]

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, the parties have caused this Amendment to be duly executed as of the date first above written.

 

	EXECUTIVE:	 	COMPANY:
	 	 	 
	/s/ Alan Johnson	 	By:	/s/ Gannon K. Giguiere
	Alan Johnson	 	Name:  Gannon K. Giguiere
	 	 	Title:  Chief Executive OfficerEXHIBIT 10.3

 

EMPLOYMENT SERVICES AGREEMENT

 

This Employment Services
Agreement (the “Agreement”) is entered into as of the 10th day of March, 2014, by and between Eventure
Interactive, Inc., a Nevada corporation, with a business address of 3420 Bristol Street, 6th Floor, Costa Mesa, CA 92626
(the “Company”), and Michael D Rountree, an individual with an address at 300 S. El Camino Real, Suite 206, San Clemente,
CA 92672.

 

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 as set forth on Schedule A hereto. Thereafter, the Employment Period shall automatically renew for
successive periods of three (3) years each, 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
Board of Directors (the “Board”) 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.

 

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(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 the required 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: (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, employee 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 office located at 3420 Bristol Street,
6th Floor, Costa Mesa, CA 92626 (the “Headquarters”). The parties acknowledge, however, that the Executive
may be required to travel in connection with the performance of his duties hereunder. If the Company’s Headquarters are relocated
greater than 50 miles from the current location without Executive’s consent, Executive has the right to terminate this Agreement
for Good Reason.

 

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. The parties expressly
agree that what the Executive receives now or in the future, in addition to the regular Base Salary, whether this be in the form
of benefits or regular or occasional aid/assistance, such as recreation, club memberships, meals, education for his family, vehicle,
lodging or clothing, occasional bonuses or anything else he receives, during the Employment Period and any renewals thereof, in
cash or in kind, shall not be deemed as salary. However, because the Company is a public company subject to the reporting requirements
of, inter alia, the US Securities and Exchange Commission (the “SEC”), both parties acknowledge that the Executive’s
annual compensation (as determined by the rules of the SEC or any other regulatory body or exchange having jurisdiction), which
may include some or all of the foregoing, will be required to be publicly disclosed.

 

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4.           Bonus.
(a) The Company may pay the Executive an annual bonus (the “Annual Bonus”), at such time and in such amount
as may be determined by the Board in its sole discretion. 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.

 

(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
Grants.  The Executive shall be entitled to receive shares of restricted common stock of the Company upon execution
of this Agreement as provided in Schedule A hereto.

 

(b)          Stock
Option Grants.  During the term of employment, Executive shall be entitled to and not be limited to, receipt of annual
stock option grants under the guidelines as set forth in the Company’s most current Equity Incentive Plan. All option grants
to the Executive shall be at the option of the Board of Directors.

 

(c)          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.

 

(d)          Paid
Time Off. During the Employment Period, the Executive shall be entitled to an annual Paid Time Off (“PTO”) of at
least that number of working days set forth on Schedule A hereto. There will be no limit to the number of PTO days Executive
may accrue regardless of what PTO accrual policies are put in place for general employees of the Company.

 

(e)          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.

 

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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 shall have no obligation to make payments to the Executive in accordance with the provisions of Sections 3
or 4 above, except as otherwise required by this Agreement or by applicable law, or to provide the benefits described in Section
5 above, for periods after the date on which the Executive's employment with the Company terminates due to the Executive 's voluntary
termination, except for the payment of the Base Salary accrued through the date of such resignation.

 

(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 Board of Directors of the Company.

 

(A)  If
the Executive’s employment is terminated by the Company without Cause, 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 Bonus, to the extent the Milestones are achieved through the
end of the Severance Period, pay the Executive the awards of the Bonus on the date such 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)         Discharge
for Cause. Upon written notice to the Executive, the Company may terminate the Executive’s employment for “Cause”
based upon any of the following events, if Executive has not cured the item that has been identified to be in breech within a 45
day period:

 

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(i)  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 as assigned by the Board of Directors;

 

(ii)  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;

 

(iii)  the
Executive’s engaging in any act of dishonesty (including, without limitation, theft or embezzlement), violence, threat of
violence in each case, that is materially injurious to the Company or any of its Affiliates;

 

(iv)  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;

 

(v)  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

 

(vi)  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

 

(vii)  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 3 or 4 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 and accrued and unused PTO pay.

 

(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.

 

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(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 3 or 4 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 and accrued but unused PTO pay 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 6(e), the Company shall pay to the Executive severance in an amount equal to the then applicable Base Salary and earned
Bonus, as and when earned, for a period equal to the number of months set forth on Schedule A hereto (the “Severance
Period”), and subject to the Company’s regular payroll practices and required withholdings. 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 or in anticipation of a Change of Control (as defined below);

 

(iii)  a
reduction by the Company in the then applicable Base Salary or other compensation, unless said reduction is pari passu with other
senior executives of the Company;

 

(iv)  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;

 

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(v)  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; or

 

(vi)  a
permanent relocation of Employee’s place of work of more than fifty (50) miles from Costa Mesa, California, without Employee’s
consent.

 

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.

 

(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 14 of this Agreement. In the event
of a termination by the Company for Cause or by Executive for Good Reason, 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 Good Reason or 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.

 

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7.           Non-Competition;
Non-Solicitation.

 

(a)          For
the duration of the Employment Period and, unless the Company terminates the Executive’s employment without Cause or Executive
terminates his employment for Good Reason, during the Severance Period (the “Non-compete Period”), the Executive
shall not, directly or indirectly, except as specifically provided in Section 2(c), own, manage, operate, finance or control a
directly competitive entity that engages or conducts business in an identical manner to the Company; provided, however,
that the Executive may own less than 10% in the aggregate of the outstanding shares of any class of securities of any enterprise
other than any such enterprise with which the Company competes or is currently engaged in a joint venture, if such securities are
listed on any national or regional securities exchange or have been registered under Section 12(b) or (g) of the Exchange Act.
Notwithstanding the foregoing, if the Executive shall present to the Board any opportunity within the scope of the prohibited activities
described above, and the Company shall not elect to pursue such opportunity within a reasonable time, then the Executive shall
be permitted to pursue such opportunity, subject to the requirements of Section 2(c).

 

(b)          During
the Employment Period and for a period of six (6) months following termination of the Executive’s employment with the Company,
the Executive shall not:

 

(i)  persuade,
solicit or hire, or attempt to recruit, persuade, solicit or hire, any employee, or independent contractor of, or consultant to,
the Company, or its Affiliates, to leave the employment (or independent contractor relationship) thereof, whether or not any such
employee or independent contractor is party to an employment agreement (the foregoing shall not apply to general solicitations
made by the Executive); or

 

(ii)  attempt
in any manner to solicit or accept from any customer or client of the Company or any of its Affiliates, with whom the Company or
any of its Affiliates had significant contact during the term of the Agreement, business of the kind or competitive with the business
done by the Company or any of its Affiliates with such customer or to persuade or attempt to persuade any such customer to cease
to do business or to reduce the amount of business which such customer has customarily done or is reasonably expected to do with
the Company or any of its Affiliates or if any such customer elects to move its business to a person other than the Company or
any of its Affiliates, provide any services (of the kind or competitive with the Business of the Company or any of its Affiliates)
for such customer, or have any discussions regarding any such service with such customer, on behalf of such other person.

 

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The Executive recognizes
and agrees that because a violation by the Executive of his obligations under this Section 7 will cause irreparable harm to the
Company that would be difficult to quantify and for which money damages would be inadequate, the Company shall have the right to
injunctive relief to prevent or restrain any such violation, without the necessity of posting a bond. The Executive expressly agrees
that the character, duration and scope of the covenant not to compete are reasonable in light of the circumstances as they exist
at the date upon which this Agreement has been executed. However, should a determination nonetheless be made by a court of competent
jurisdiction at a later date that the character, duration or geographical scope of the covenant not to compete is unreasonable
in light of the circumstances as they then exist, then it is the intention of the Executive, on the one hand, and the Company,
on the other, that the covenant not to compete shall be construed by the court in such a manner as to impose only those restrictions
on the conduct of the Executive which are reasonable in light of the circumstances as they then exist and necessary to assure the
Company of the intended benefit of the covenant not to compete.

 

8.           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).

 

9.           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.

 

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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;

 

(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.

 

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10.         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.

 

11.         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 California. Such
arbitration shall be final and binding on both parties.

 

12.         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 California without regard to the conflicts of laws principles thereof.

 

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.

 

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 at:

 

Eventure Interactive,
Inc.

3420 Bristol Street,
6th Floor

Costa Mesa, CA 92626

Phone:  855.986.5669

Fax:  949.209-1920

Attn:  Chief Executive
Officer

 

with a copy to:

 

Gottbetter & Partners, LLP

488 Madison Avenue

New York, NY 10022-5718

Phone:  (212) 400.6900

Fax:  (212) 400-6901

Attn:  Adam S. Gottbetter

 

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		(b)	to the Executive at:

 

Address listed on Schedule
A attached hereto.

 

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.

 

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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. For purposes of this Agreement, successors and assigns shall include, but not be limited
to, any individual, corporation, trust, partnership, limited liability company, or other entity that acquires a majority of the
stock or assets of the Company by sale, merger, consolidation, liquidation, or other form of transfer. In such a case, the Company
will require any successor (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to all or substantially
all of the business and/or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and
to the same extent that the Company would be required to perform it if no such succession had taken place. Without limiting the
foregoing, unless the context otherwise requires, the term “Company” includes all Affiliates of the Company.

 

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. This Agreement shall become binding when one or more counterparts hereof, individually
or taken together, shall bear the signatures of the parties reflected hereon as the signatories. Signatures may be given by facsimile
or other electronic transmission, and such signatures shall be fully binding on the party sending the same.

 

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.

 

[The next page is the signature page]

 

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

 

	 	EXECUTIVE:
	 	 
	 	/s/ Michael D. Rountree
	 	Michael D Rountree
	 	 
	 	EVENTURE INTERACTIVE, INC.
	 	 	 
	 	By:	/s/ Gannon Giguiere
	 	Name:  Gannon Giguiere
	 	Title:   Chief Executive Officer

 

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Schedule A

 

		1.	Employment Period: 36 months

 

		2.	Employment

 

Title: Chief Financial Officer and Treasurer

 

Executive Duties:

 

Executive’s duties and
responsibilities shall generally include all rights, duties and responsibilities customarily associated with the executive position
of Chief Financial Officer and Treasurer. During the term of this Agreement, Executive shall report directly to the Board of Directors
of the Company. Any change of Executive’s position, rights, responsibilities, duties, reporting obligations, compensation,
benefits or job description or any change in the control or ownership of the Company, without the express written consent of Executive,
shall constitute a material breach of this Agreement and, at the discretion of Executive, may be treated as a constructive termination
of the employment relationship without just cause subject to all the rights and obligation associated with the termination provisions
provided in this Agreement. Executive shall have the following specific duties and obligations:

 

		a.	Oversee all aspects of the finances of the Company and of Local Event Media, Inc., the Company’s
wholly owned operating subsidiary (“Local”);

 

		b.	Receive regular and direct reports from all executive officers of the Company and of Local;

 

		c.	Advise the Board of Directors of the Company regarding all aspects of the finances of the Company;

 

		d.	Direct, as a primary resource, all communications regarding the financial affairs of the Company
to the media, community and industry resources and all other outside concerns;

 

		e.	Develop and advance meaningful vision, strategies and objectives that drive and direct the financial
affairs of the Company; and

 

		f.	Motivate all officers, managers and Executives in the development of an appropriate business culture
and ethic.

 

		3.	Base Salary:  $150,000

 

		4.	Annual Bonus (paid quarterly):  100% of Base Salary, paid quarterly upon achievement of Milestones set by the Board
of Directors during each year of the Employment Period. 

 

		5.(a)	Stock Grant:  500,000 shares of the Company’s restricted common stock issuable upon execution of this Agreement.

 

		5.(d)	Paid Time Off:  4 weeks per year, or 20 non-holiday
working days

 

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		6.(e)	Severance Period:  18 months if at the time of termination 18 months or more remain on the term of this Agreement.
12 months if at the time of termination, less than 18 months remain on the term of this Agreement.

 

		15.(b)	Executive Contact Information:  

300 S. El Camino Real

Suite 206

San Clemente, CA 92672

 

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