Document:

THIS
WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. THIS WARRANT AND THE COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT MAY
NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS WARRANT
UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH
REGISTRATION IS NOT REQUIRED.

 

Right
to Purchase _________ shares of Common Stock of WOWIO, Inc. (subject to adjustment as provided herein)

 

COMMON
STOCK PURCHASE WARRANT

 

No.
____________________________________________________________________Issue Date: ________

 

WOWIO,
Inc. a corporation organized under the laws of the State of Texas hereby certifies that, for value received, the undersigned investor,
or its assigns (the “Holder”), is entitled, subject to the terms set forth below, to purchase from the Company
(as defined herein) at any time after the Issue Date of this Warrant until seven (7) years after the Issue Date, up to ___________
(_______) fully paid and non-assessable shares of Common Stock (as hereinafter defined), $0.0001 par value per share, at the applicable
Exercise Price per share (as defined below). The number and character of such shares of Common Stock and the applicable Exercise
Price per share are subject to adjustment as provided herein.

 

As
used herein the following terms, unless the context otherwise requires, have the following respective meanings:

 

(a)The
term “Common Stock” includes (i) the Company’s common stock, par value $0.0001 per share; and (ii) any
other securities into which or for which any of the securities described in the preceding clause (i) may be converted or
exchanged pursuant to a plan of recapitalization, reorganization, merger, sale of assets or otherwise.

 

(b)The
term “Company” shall include WOWIO, Inc., a Texas corporation, and any person or entity which shall succeed, or
assume the obligations of, WOWIO, Inc., hereunder.

 

(c)The
“Exercise Price” applicable under this Warrant shall be _____ Cents ($____) per share.

 

(d)The
term “Other Securities” refers to any stock (other than Common Stock) and other securities of the Company or any
other person (corporate or otherwise) which the holder of the Warrant at any time shall be entitled to receive, or shall have
received, on the exercise of the Warrant, in lieu of or in addition to Common Stock, or which at any time shall be issuable
or shall have been issued in exchange for or in replacement of Common Stock or Other Securities pursuant to Section 4 or
otherwise.

  

    	 

    	 

    

 

1.
Exercise of Warrant.

 

1.1.
Number of Shares Issuable upon Exercise. From and after the date hereof, the Holder shall be entitled to receive, upon
exercise of this Warrant in whole or in part, by delivery of an original or fax copy of an exercise notice in the form attached
hereto as Exhibit A (the “Exercise Notice”), shares of Common Stock of the Company, subject to adjustment pursuant
to Section 4.

 

1.2.
Company Acknowledgment. The Company will, at the time of the exercise of this Warrant, upon the request of the holder hereof
acknowledge in writing its continuing obligation to afford to such holder any rights to which such holder shall continue to be
entitled after such exercise in accordance with the provisions of this Warrant. If the holder shall fail to make any such request,
such failure shall not affect the continuing obligation of the Company to afford to such holder any such rights.

 

1.3.
Trustee for Warrant Holders. In the event that a bank or trust company shall have been appointed as trustee for the holders
of this Warrant pursuant to Subsection 3.2, such bank or trust company shall have all the powers and duties of a warrant agent
(as hereinafter described) and shall accept, in its own name for the account of the Company or such successor person as may be
entitled thereto, all amounts otherwise payable to the Company or such successor, as the case may be, on exercise of this Warrant
pursuant to this Section 1.

 

1.4.
Termination of Warrant. In the event the Warrants are not exercised within Seven (7) years from the Issue Date, the right
to exercise shall terminate.

 

2.Procedure
for Exercise.

 

2.1.
Delivery of Stock Certificates, Etc., on Exercise. The Company agrees that the shares of Common Stock purchased upon exercise
of this Warrant shall be deemed to be issued to the Holder as the record owner of such shares as of the close of business on the
date on which this Warrant shall have been surrendered and payment made for such shares in accordance herewith. As soon as practicable
after the exercise of this Warrant in full or in part, and in any event within Three (3) business days thereafter (“Warrant
Share Delivery Date”), the Company at its expense (including the payment by it of any applicable issue taxes) will cause
to be issued in the name of and delivered to the Holder, or as such Holder (upon payment by such Holder of any applicable transfer
taxes) may direct in compliance with applicable securities laws, a certificate or certificates for the number of duly and validly
issued, fully paid and non-assessable shares of Common Stock (or Other Securities) to which such Holder shall be entitled on such
exercise. The Company understands that a delay in the delivery of the Warrant Shares after the Warrant Share Delivery Date could
result in economic loss to the Holder. Furthermore, in addition to any other remedies which may be available to the Holder, in
the event that the Company fails for any reason to effect delivery of the Warrant Shares by the Warrant Share Delivery Date, the
Holder may revoke all or part of the relevant Warrant exercise by delivery of a notice to such effect to the Company, whereupon
the Company and the Holder shall each be restored to their respective positions immediately prior to the exercise of the relevant
portion of this Warrant.

 

2.2.
Exercise. Payment may be made by wire transfer of immediately available funds or by certified or official bank check
payable to the order of the Company equal to the applicable aggregate Exercise Price.

 

    	 

    	 

    

  

3.Effect
of Reorganization, Etc.; Adjustment of Exercise Price.

 

3.1.
Reorganization, Consolidation, Merger, Etc. If there occurs any capital reorganization or any reclassification of the Common
Stock of the Company, the consolidation or merger of the Company with or into another person (other than a merger or consolidation
of the Company in which the Company is the continuing entity and which does not result in any reorganization or reclassification
of its outstanding Common Stock) or the sale or conveyance of all or substantially all of the assets of the Company to another
person, then, as a condition precedent to any such reorganization, reclassification, consolidation, merger, sale or conveyance,
the Holder will be entitled to receive upon surrender of the Warrant to the Company to the extent that the Holder would be entitled
to receive Common stock (or Other Securities) (in addition to or in lieu of cash in connection with any such reorganization, reclassification,
consolidation, merger, sale or conveyance), the same kind and amounts of securities or other assets, or both, that are issuable
or distributable to the holders of outstanding Common Stock (or Other Securities) of the Company with respect to their Common
Stock (or Other Securities) upon such reorganization, reclassification, consolidation, merger, sale or conveyance, as would have
been deliverable to the Holder had the Holder exercised such Warrant immediately prior to the consummation of such reorganization,
reclassification, consolidation, merger, sale or conveyance less an amount of such securities having a value equal to the aggregate
Exercise Price payable upon exercise of the Warrant.

 

3.2.
Dissolution. In the event of any dissolution of the Company following the transfer of all or substantially all of its properties
or assets, the Company, concurrently with any distributions made to holders of its Common Stock, shall at its expense deliver
or cause to be delivered to the Holder the stock and other securities receivable by the Holder pursuant to Section 3.1, or, if
the Holder shall so instruct the Company, to a bank or trust company specified by the Holder and having its principal office in
New York, NY as trustee for the Holder (the “Trustee”).

 

3.3.
Continuation of Terms. Upon any reorganization, consolidation, merger or transfer (and any dissolution following any transfer)
referred to in this Section 3, this Warrant shall continue in full force and effect and the terms hereof shall be applicable to
the shares of stock and other securities and property receivable on the exercise of this Warrant after the consummation of such
reorganization, consolidation or merger or the effective date of dissolution following any such transfer, as the case may be,
and shall be binding upon the issuer of any such stock or other securities, including, in the case of any such transfer, the person
acquiring all or substantially all of the properties or assets of the Company, whether or not such person shall have expressly
assumed the terms of this Warrant as provided in Section 4. In the event this Warrant does not continue in full force and effect
after the consummation of the transactions described in this Section 3, then the Company’s securities receivable by the
Holder will be delivered to the Holder or the Trustee as contemplated by Section 3.2.

 

    	 

    	 

    

  

4.Certificate
as to Adjustments. In each case of any adjustment or readjustment in the shares of Common Stock (or Other Securities) issuable
on the exercise of this Warrant, the Company at its expense will promptly cause its Chief Financial Officer or other appropriate
designee to compute such adjustment or readjustment in accordance with the terms of this Warrant and prepare a certificate setting
forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based, including
a statement of the consideration received or receivable by the Company for any additional shares of Common Stock (or Other Securities)
issued or sold or deemed to have been issued or sold, the number of shares of Common Stock (or Other Securities) outstanding or
deemed to be outstanding, and (c) the Exercise Price and the number of shares of Common Stock to be received upon exercise of
this Warrant, in effect immediately prior to such adjustment or readjustment and as adjusted or readjusted as provided in this
Warrant. The Company will forthwith mail a copy of each such certificate to the Holder and any warrant agent of the Company (appointed
pursuant to Section 8 hereof).

 

5.Assignment;
Exchange of Warrant. Subject to compliance with applicable securities laws, this Warrant, and the rights evidenced hereby,
may be transferred by any registered holder hereof (a “Transferor”) in whole or in part. On the surrender for exchange
of this Warrant, with the Transferor’s endorsement in the form of Exhibit B attached hereto (the “Transferor Endorsement
Form”) and together with evidence reasonably satisfactory to the Company demonstrating compliance with applicable securities
laws, which shall include, without limitation, the provision of a legal opinion from the Transferor’s counsel (at the Company’s
expense) that such transfer is exempt from the registration requirements of applicable securities laws, the Company at its expense
(but with payment by the Transferor of any applicable transfer taxes) will issue and deliver to or on the order of the Transferor
thereof a new Warrant of like tenor, in the name of the Transferor and/or the transferee(s) specified in such Transferor Endorsement
Form (each a “Transferee”), calling in the aggregate on the face or faces thereof for the number of shares of Common
Stock called for on the face or faces of the Warrant so surrendered by the Transferor.

 

6.Replacement
of Warrant. On receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation
of this Warrant and, in the case of any such loss, theft or destruction of this Warrant, on delivery of an indemnity
agreement or security reasonably satisfactory in form and amount to the Company or, in the case of any such mutilation, on
surrender and cancellation of this Warrant, the Company at its expense will execute and deliver, in lieu thereof, a new
Warrant of like tenor.

 

7.Maximum
Exercise. Notwithstanding anything herein to the contrary, in no event shall the Holder be entitled to exercise any
portion of this Warrant in excess of that portion of this Warrant upon exercise of which the sum of (a) the number of shares
of Common Stock beneficially owned by the Holder and its Affiliates and (b) the number of shares of Common Stock issuable
upon the exercise of the portion of this Warrant with respect to which the determination of this limitation is being made,
would result in beneficial ownership by the Holder and its Affiliates of any amount greater than 4.99% of the then
outstanding shares of Common Stock. As used herein, the term “Affiliate” means any person or entity that,
directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a
person or entity, as such terms are used in and construed under Rule 144 under the Securities Act. For purposes of the second
preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act
of 1934, as amended, and Regulations 13(d)-(g) thereunder.

 

    	 

    	 

    

  

8.Warrant
Agent. The Company may, by written notice to the Holder of the Warrant, appoint an agent for the purpose of issuing Common
Stock (or Other Securities) on the exercise of this Warrant pursuant to Section 1, exchanging this Warrant pursuant to Section
7, and replacing this Warrant pursuant to Section 8, or any of the foregoing, and thereafter any such issuance, exchange or replacement,
as the case may be, shall be made at such office by such agent.

 

9.Transfer
on the Company’s Books. Until this Warrant is transferred on the books of the Company, the Company may treat the registered
holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary.

 

10.Notices,
Etc. All notices and other communications from the Company to the Holder shall be mailed by first class registered or certified
mail, postage prepaid, at such address as may have been furnished to the Company in writing by such Holder or, until any such
Holder furnishes to the Company an address, then to, and at the address of, the last Holder who has so furnished an address to
the Company.

 

11.Miscellaneous. This
Warrant and any term hereof may be changed, waived, discharged or terminated only by an instrument in writing signed by the party
against which enforcement of such change, waiver, discharge or termination is sought. THIS WARRANT SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. ANY ACTION BROUGHT CONCERNING
THE TRANSACTIONS CONTEMPLATED BY THIS WARRANT SHALL BE BROUGHT ONLY IN THE STATE COURTS OF NEW YORK OR IN THE FEDERAL COURTS LOCATED
IN THE STATE OF NEW YORK; PROVIDED, HOWEVER, THAT THE HOLDER MAY CHOOSE TO WAIVE THIS PROVISION AND BRING AN ACTION OUTSIDE THE
STATE OF NEW YORK. The individuals executing this Warrant on behalf of the Company agree to submit to the jurisdiction of such
courts and waive trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorneys’
fees and costs. In the event that any provision of this Warrant is invalid or unenforceable under any applicable statute or rule
of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified
to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not
affect the validity or enforceability of any other provision of this Warrant. The headings in this Warrant are for purposes of
reference only, and shall not limit or otherwise affect any of the terms hereof. The invalidity or unenforceability of any provision
hereof shall in no way affect the validity or enforceability of any other provision hereof. The Company acknowledges that legal
counsel participated in the preparation of this Warrant and, therefore, stipulates that the rule of construction that ambiguities
are to be resolved against the drafting party shall not be applied in the interpretation of this Warrant to favor any party against
the other party.

  

    	 

    	 

    

 

12.Original
Documents. An executed, original Warrant Agreement must be received by the Holder’s attorney, Brinen & Associates,
LLC at 7 Dey Street, Suite 1503, New York, New York 10007.

 

13.Registration
Rights. If at any time while this Warrant Agreement is effective (the “Piggy-Back Period”) the Company proposes
to file with the SEC a Registration Statement relating to an offering for its own account or the account of others under the Securities
Act of any of its securities (other than a Registration Statement on Form S-4 or Form S-8 (or their equivalents at such time)
relating to securities to be issued solely in connection with any acquisition of any entity or business or equity securities issuable
in connection with stock option or other employee benefit plans), the Company shall include the Conversion Shares of Common Stock
on such Registration Statement.

 

    	 

    	 

    

  

IN
WITNESS WHEREOF, the Company has executed this Warrant as of the date first written above.

 

	 	WOWIO, Inc.
	 	 
	 	/s/ Brian Altounian 
	 	By:	Brian Altounian 
	 	Title: 
	Chief Executive Officer 
	 	 	 
	 	INVESTOR:

	 	 
	 	 
	 	By:	 
	 	Title:	 
	 	Address:	 

 

    	 

    	 

    

 

EXHIBIT
A

 

FORM
OF SUBSCRIPTION

(To
Be Signed Only On Exercise Of Warrant)

 

TO:
WOWIO, Inc.

 

 

Attention:       Chief
Executive Officer

 

 

The
undersigned, pursuant to the provisions set forth in the attached Warrant (No._____), hereby irrevocably elects to
purchase__________________shares of the Common Stock covered by such Warrant

 

The
undersigned herewith makes payment of the full Exercise Price for such shares at the price per share provided for in such Warrant,
which is $0.05.

 

The
undersigned requests that the certificates for such shares be issued in the name of, and delivered to
_______________________________________________ whose address is                                             .

 

The
undersigned represents and warrants that all offers and sales by the undersigned of the securities issuable upon exercise of the
within Warrant shall be made pursuant to registration of the Common Stock under the Securities Act of 1933, as amended (the “Securities
Act”) or pursuant to an exemption from registration under the Securities Act.

 

Dated: ________________

 

	 	(Signature must conform to name of holder as

 specified on the face of the Warrant)
	 	Address:
	 	 	 
	 	 	 

 

    	 

    	 

    

 

EXHIBIT
B

 

FORM
OF TRANSFEROR ENDORSEMENT

(To Be Signed Only On Transfer Of Warrant)

 

For
value received, the undersigned hereby sells, assigns, and transfers unto the person(s) named below under the heading “Transferees”
the right represented by the within Warrant to purchase the percentage and number of shares of Common Stock of WOWIO, Inc., into
which the within Warrant relates specified under the headings “Percentage Transferred” and “Number Transferred,”
respectively, opposite the name(s) of such person(s) and appoints each such person Attorney to transfer its respective right on
the books of WOWIO, Inc., with full power of substitution in the premises.

 

	Transferees	 	Address	 	Percentage
    

Transferred	 	Number

Transferred
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

Dated: __________________

 

	 	(Signature
must conform to name of holder as 

specified on the face of the Warrant)
	 	Address:
	 	 	 
	 	 	 
	 	 	 
	 	SIGNED IN THE PRESENCE OF:
	 	 	 
	 	(Name)

  

ACCEPTED
AND AGREED:

[TRANSFEREE]

 

	 	 
	(Name)THIS
PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND THIS NOTE,
ANY SECURITIES IT MAY BE CONVERTED INTO AND ANY INTEREST THEREIN MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED
OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT OR SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER
SUCH ACT AND SUCH LAWS, WHICH, IN THE OPINION OF COUNSEL FOR THE LENDER, WHICH COUNSEL AND OPINION ARE REASONABLY SATISFACTORY
TO COUNSEL FOR THIS CORPORATION, IS AVAILABLE.

 

SENIOR
PROMISSORY NOTE

 

	$
    ___________	New
    York, New York
	 	Issue
    Date: Month Day, Year

 

FOR
VALUE RECEIVED, the undersigned, WOWIO, Inc., a Texas corporation (referred to herein as the “Borrower” or the “Company”),
with offices at 3545 Motor Avenue, Los Angeles, California 90034 hereby unconditionally promises to pay to the order of the lender
set forth on the signature page, its endorsees, successors and assigns (the “Lender”), in lawful money of the United
States, at such address as the Lender may from time to time designate, the principal sum of ___________ (the “Loan”).
This Promissory Note (the “Note”) shall mature and become due and payable in full on _________ __, 20__ (the “Maturity
Date”).

 

1.Terms
of Repayment. Principal of and interest on this Note shall be paid by the Borrower as follows:

 

(a) The
Note shall bear an interest coupon of ___ Percent (__%) which shall accrue and be due on the Maturity Date.

 

(b)
On the Maturity Date, Borrower shall pay all principal and unpaid interest or otherwise convert the obligation pursuant to the
terms set forth herein.

 

(c) The
Borrower further agrees that, if any payment made by the Borrower or any other person is applied to this Note and is at any time
annulled, set aside, rescinded, invalidated, declared to be fraudulent or preferential or otherwise required to be refunded or
repaid, or the proceeds of any property hereafter pledged as security for this Note is required to be returned by Lender to the
Borrower, its estate, trustee, receiver or any other party, including, without limitation, under any bankruptcy law, state or
federal law, common law or equitable cause, then, to the extent of such payment or repayment, the Borrower’s liability hereunder
(and any lien, security interest or other collateral securing such liability) shall be and remain in full force and effect, as
fully as if such payment had never been made, or, if prior thereto any such lien, security interest or other collateral hereunder
securing the Borrower’s liability hereunder shall have been released or terminated by virtue of such cancellation or surrender,
this Note (and such lien, security interest or other collateral) shall be reinstated in full force and effect, and such prior
cancellation or surrender shall not diminish, release, discharge, impair or otherwise affect the obligations of the Borrower
in respect to the amount of such payment (or any lien, security interest or other collateral securing such obligation).

 

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2.
Security Interest. The Company hereby grants the Holder a security interest in all of its General Intangibles (as
such term is defined in the New York Uniform Commercial Code) that are now owned or may hereafter be acquired by the Company,
or in which the Company now has or may hereafter have an interest, whether now existing or hereafter arising and wherever located,
and any and all additions and accessions thereto, including all patents owned by the Company, which patents include, without limitation,
Patent US 7,848,951 B2 (the foregoing being called the “Collateral”), to secure the payment and performance of all
liabilities and obligations of the Company under this Note. The Holder is hereby irrevocably authorized by the Company to file
at any time a financing statement indicating its security interest in the Collateral, including, without limitation, an appropriate
UCC-1 financing statement with the Texas Secretary of State and an appropriate filing with the U.S. Patent and Trademark Office.
Such security interest will be subordinate to any future bank financing.

 

3.
Liability of the Borrower. The Borrower is unconditionally, and without regard to the liability of any other person,
liable for the payment and performance of this Note and such liability shall not be affected by an extension of time, renewal,
waiver, or modification of this Note or the release, substitution, or addition of collateral for this Note. Each person signing
this Note consents to any and all extensions of time, renewals, waivers, or modifications, as well as to release, substitution,
or addition of guarantors or collateral security, without affecting the Borrower’s liabilities hereunder. Lender is entitled
to the benefits of any collateral agreement, guarantee, security agreement, assignment, or any other documents which may be related
to or are applicable to the debt evidenced by this Note, all of which are collectively referred to as “Loan Documents”
as they now exist, may exist in the future, have existed, and as they may be amended, modified, renewed, or substituted.

 

4.
Conversion.

 

(a)
Call. The Company shall, at any time, have the option to convert the Note to Common Stock at a Conversion price of _____
Cents ($____) per share.

 

(b)
Delivery of Stock Certificates. As promptly as practicable after the conversion of this Note, the Company at its expense
will issue and deliver to the Holder of this Note a certificate or certificates for the number of full Common Stock issuable upon
such conversion.

 

(c)
Mechanics and Effect of Conversion. No fractional shares of Common Stock shall be issued upon conversion of this
Note. In lieu of the Company issuing any fractional shares to the Holder upon the conversion of this Note, the number of shares
will be rounded up to the nearest whole number. Upon the conversion of this Note pursuant to Section 2(a) above, the Holder shall
surrender this Note, duly endorsed, at the principal office of the Company. At its expense, the Company shall as soon as practicable
thereafter, issue and deliver to such Holder at such principal office a certificate or certificates for the number of shares of
such Common Stock to which the Holder shall be entitled upon such conversion (bearing such legends as are required by the applicable
state and federal securities laws and property to which the Holder is entitled upon such conversion under the terms of this Note.
In the event of any conversion of this Note pursuant to Section 2(a) above, such conversion shall be
deemed to have been made immediately prior to the closing of the issuance and sale of such Common Stock and on and after such
date the Holder of this Note entitled to receive such Common Stock issuable upon such conversion shall be treated for all purpose
as the record Holder of such shares. Upon conversion of this Note, the Company shall be forever released from all its obligations
and liabilities under this Note, except that the Company shall be obligated to pay the Holder, within ten (10) days after the
date of such conversion, any interest accrued and unpaid or unconverted to and including the date of such conversion, and no more.

 

    	2

    	 

    

 

(d) Adjustments for Stock Splits and Subdivisions. In the event the Company should at any time or from time to time after the
date of issuance hereof fix a record date for the effectuation of a split or subdivision of the outstanding Common Shares or the
determination of holders of Common Shares entitled to receive a dividend or other distribution payable in additional Common Shares
or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional
Common Shares (hereinafter referred to as “Common Share Equivalents”) without payment of any consideration by such
holder for the additional Common Shares or the Common Share Equivalents (including the additional shares of Common Shares issuable
upon conversion of exercise thereof), then, as of such record date (or date of such dividend distribution, split or subdivision
if no record date is fixed), the number of Common Shares issuable upon conversion of this Note shall be increased in proportion
to such increase of outstanding shares.

 

(e) Adjustments for Reverse Stock Splits. If the number of Common Shares outstanding at any time after the date hereof is decreased
by a combination of the outstanding Common Shares, then, following the record date of such combination, the number of Common Shares
issuable on conversion hereof shall be decreased in proportion to such decrease in outstanding shares.

 

5. Representations
and Warranties. The Borrower represents and warrants as follows: (i) the Borrower is a corporation duly organized,
validly existing and in good standing under the laws of the State of Texas; (ii) the execution, delivery and performance by
the Borrower of this Note are within the Borrower’s powers, have been duly authorized by all necessary action, and
do not contravene (A) the Borrower’s certificate of incorporation or (B) bylaws or (x) any law or (y) any agreement or
document binding on or affecting the Borrower, not otherwise disclosed to the Lender prior to execution of this Note, (iii)
no authorization or approval or other action by, and no notice to or filing with, any governmental authority, regulatory body
or third person is required for the due execution, delivery and performance by the Borrower of this Note; (iv) this Note
constitutes the legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its
terms except as enforcement hereof may be limited by bankruptcy, insolvency or other similar laws affecting the enforcement
of creditors’ rights generally and subject to the applicability of general principles of equity; (v) the Borrower has
all requisite power and authority to own and operate its property and assets and to conduct its business as now conducted and
proposed to be conducted and to consummate the transactions contemplated hereby; (vi) the Borrower is duly qualified to
conduct its business and is in good standing in each jurisdiction in which the character of the properties owned or leased by
it, or in which the transaction of its business makes such qualification necessary; (vii) there is no pending or,
to the Borrower ’s knowledge, information or belief, threatened action or proceeding affecting the Borrower before any
governmental agency or arbitrator which challenges or relates to this Note or which may otherwise have a material adverse
effect on the Borrower; (viii) the Borrower is not in violation or default of any provision of (A) its certificate of
incorporation or by-laws, each as currently in effect, or (B) any instrument, judgment, order, writ, decree or contract,
statute, rule or regulation to which the Borrower is subject not otherwise disclosed to the Lender prior to the execution of
this Note; (ix) this Note is validly issued, free of any taxes, liens, and encumbrances related to the issuance hereof and is
not subject to preemptive right or other similar right of members of the Borrower; and (x) The Company has no indebtedness
currently outstanding that would be senior to this Note that is not owed to a financial institution.

 

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6. Covenants.
So long as any principal or interest is due hereunder and shall remain unpaid,the Borrower will, unless the Lender shall
otherwise consent in writing:

 

(a)
Maintain and preserve its existence, rights and privileges;

 

(b)
Not use the proceeds from the issuance of this Note in any way for any purpose that entails a violation of, or is
inconsistent with, Regulation U of the Board of Governors of the Federal Reserve System of the United States of
America;

 

(c)
Comply in all material respects with all applicable laws (whether federal, state or local and whether statutory.
administrative or judicial or other) and with every applicable lawful governmental order (whether administrative or
judicial); and

 

(d)
Will subordinate all future indebtedness provide however that this Note will be subordinate to any loans or lines of credit
from a financial institution. Lender will not subordinate such indebtedness already outstanding, indebted to a financial
institution, or indebtedness that is not subordinate pursuant to its current terms.

 

7. Events
of Default. Each and any of the following shall constitute a default and, after expiration of a grace period which shall
be Thirty (30) Business Days, shall constitute an “Event of Default” hereunder:

 

(a)
the nonpayment of principal, late charges or any other costs or expenses promptly when due of any amount payable under this Note
or the nonpayment by the Borrower of any other obligation to the Lender;

 

(b)
if Borrower shall commence any case, proceeding or other action: (i) under any existing or future law of any jurisdiction,
domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief
entered with respect to it, or seeking to adjudicate it bankrupt or insolvent, or seeking reorganization, arrangement, adjustment,
liquidation, dissolution, composition or other relief with respect to it or its debts; or (ii) seeking appointment of a receiver,
trustee, custodian or other similar official for it or for all or any substantial part of its property, or the Borrower shall
make a general assignment for the benefit of its creditors; or (iii) there shall be commenced against the Borrower any case, proceeding
or other action of a nature referred to above or seeking issuance of a warrant of  attachment,
execution, distraint or similar process against all or any substantial part of its property, which case, proceeding or other action
results in the entry of any order for relief or remains undismissed, undischarged or unbonded for a period of Sixty (60) days;
or (iv) the Borrower shall take any action indicating its consent to, approval of, or acquiescence in, or in furtherance of, any
of the acts set forth above; or

 

    	4

    	 

    

 

(c)
any material representation or warranty made by the Borrower or any other person or entity under this Note shall prove to have
been incorrect in any material respect when made;

 

8. Lender’s
Rights Upon Default. Upon the occurrence of any Event of Default, the Lender may, at its sole and exclusive option, do
any or all of the following, either concurrently or separately: (a) accelerate the maturity of this Note and demand immediate
payment in full, whereupon the outstanding principal amount of the Note and all obligations of Borrower to Lender,
together with accrued interest thereon and accrued charges and costs, shall become immediately due and payable without
presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived; and (b) exercise all
legally available rights and privileges.

 

9. Default
Interest Rate. Upon an Event of Default, without any further action on the part of Lender, additional interest will
accrue at the rate equal to the lesser of (i) Five Percent (5%) per annum in addition to the Interest Rate or (ii) the
highest rate permitted by applicable law, per annum (the “Default Rate”), until all outstanding principal,
interest and fees are repaid in full by Borrower. Such Default Rate shall be applied and accrued as if the rate were
applicable on the date hereof.

 

10. Prepayment.
The Borrower may prepay any or all of the Note including accrued but unpaid interest at any time upon Three (3) days prior
written notice to the Lender. The Borrower will pay a Three Percent (3%) penalty fee on any repayment. Such penalty fee will
be calculated on the amount of the prepayment, not the balance of the Note.

 

11. Governing
Law. This Note shall be binding upon and inure to the benefit of the Borrower and the Lender and their
respective successors and assigns; provided that the Borrower may not assign this Note, in whole or in part, by operation of
law or otherwise, without the prior written consent of the Lender. The Lender may assign or otherwise participate out all or
part of, or any interest in, its rights and benefits hereunder and to the extent of such assignment or participation such
assignee shall have the same rights and benefits against the Borrower as it would have had if it were the Lender. This Note,
and any claims arising out of relating to this Note, whether in contract or tort, statutory or common law, shall be governed
exclusively by, and construed in accordance with the laws of the State of New York without regard to principles of conflicts
of laws.

 

    	5

    	 

    

  

12. Jurisdiction.
THE BORROWER CONSENTS THAT ANY LEGAL ACTION OR PROCEEDING AGAINST IT UNDER, ARISING OUT OF OR IN ANY MANNER RELATING TO THIS
NOTE, OR ANY OTHER INSTRUMENT OR DOCUMENT EXECUTED AND DELIVERED IN CONNECTION HEREWITH SHALL BE BROUGHT EXCLUSIVELY IN ANY
COURT OF THE STATE OF NEW YORK OR IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK. THE BORROWER, BY
THE EXECUTION AND DELIVERY OF THIS NOTE, EXPRESSLY AND IRREVOCABLY CONSENTS AND SUBMITS TO THE PERSONAL JURISDICTION OF ANY
OF SUCH COURTS IN ANY SUCH ACTION OR PROCEEDINGS. THE BORROWER AGREES THAT PERSONAL JURISDICTION OVER IT MAY BE OBTAINED BY
THE DELIVERY OF A SUMMONS BY PERSONAL DELIVERY OR OVERNIGHT COURIER AT THE ADDRESS PROVIDED IN SECTION 13 OF THIS NOTE.
ASSUMING DELIVERY OF THE SUMMONS IN ACCORDANCE WITH THIS PROVISION, THE BORROWER HEREBY EXPRESSLY AND IRREVOCABLY WAIVES ANY
ALLEGED LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON-CONVENIENS OR ANY SIMILAR BASIS.

 

13. Miscellaneous.
(a) Borrower hereby waives protest, notice of protest, presentment, dishonor, and demand. (b) The rights and privileges
of Lender under this Note shall inure to the benefit of its successors and assigns. All obligations of Borrower in connection
with this Note shall bind Borrower’s successors and assigns. (c) If any provision of this Note shall for any reason be
held to be invalid or unenforceable, such invalidity or unenforceability shall not affect any other provision hereof, but
this Note shall be construed as if such invalid or unenforceable provision had never been contained herein. (d) The waiver of
any Event of Default or the failure of Lender to exercise any right or remedy to which it may be entitled shall not be deemed
a waiver of any subsequent Event of Default or Lender’s right to exercise that or any other right or remedy to which
Lender is entitled. No delay or omission by Lender in exercising, or failure by Lender to exercise on any one or more
occasions, shall be construed as a waiver or novation of this Note or prevent the subsequent exercise of any or all such
rights. (e) This Note may not be waived, changed, modified, or discharged orally, but only in writing. (f) This Agreement may
be executed in Two (2) or more counterparts, each of which shall be deemed an original but all of which together shall
constitute one and the same instrument.

 

14. Notice,
Etc. Any notice required by the provisions of this Note will be in writing and will be deemed effectively given: (a)
upon personal delivery to the party to be notified; (b) when sent by confirmed telex or facsimile if sent during normal
business hours of the recipient; if not, then on the next business day; (c) Five (5) days after having been sent by
registered or certified mail, return receipt requested, postage prepaid; or (d) One (1) day after deposit with a
nationally recognized overnight courier, specifying next day delivery, with written verification of receipt, and delivered as
follows:

 

If
to the Lender:

 

At
the address set forth on the signature page

 

If
to Borrower:

 

WOWIO,
Inc.

 3545
Motor Avenue, 3rd Floor

Los Angeles, California 90034

Attn: Brian Altounian

 

    	6

    	 

    

 

With
a copy to:

 

Brinen
& Associates, LLC

7
Dey Street, Suite 1503 

New
York, New York 10007

 

or,
as to each party, at such other address as shall be designated by such party in a written notice to the other parties. Notice
to Lender will not be deemed complete unless such notice is also provided to Lender’s counsel.

 

16.
Registration Rights. If at any time while this Note is issued and outstanding (the “Piggy-Back Period”) the
Company proposes to file with the SEC a Registration Statement relating to an offering for its own account or the account of others
under the Securities Act of any of its securities (other than a Registration Statement on Form S-4 or Form S-8 (or their equivalents
at such time) relating to securities to be issued solely in connection with any acquisition of any entity or business or equity
securities issuable in connection with stock option or other employee benefit plans), the Company shall include the Conversion
Shares of Common Stock on such Registration Statement.

 

    	7

    	 

    

 

IN
WITNESS WHEREOF, the undersigned has executed this Promissory Note as of the date first set forth above.

 

	 	BORROWER:
    WOWIO, Inc.
	 	 
	 	 /s/
    Brian Altounian
	 	By:	Brian
    Altounian
	 	Title:	Chief Executive Officer
	 	 	 
	 	LENDER:
	 	 
	 	 	 
	 	By:	 
	 	Title:	 
	 	Address:

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