Document:

Exhibit
10.2

 

REVISED
EMPLOYMENT AGREEMENT

 

This
Revised Employment Agreement ("Agreement") is made and entered into as of the 2 day of July, 2014 (the "Commencement
Date") by and between MobileBits Corporation, a Florida corporation (the "Employer" or the "Company"),
and Hussein Abu Hassan (the "Employee").

 

WITNESSETH:

 

1.            
Employment. The Employer hereby employs the Employee, and the Employee hereby accepts such employment, upon the terms and
subject to the conditions set forth in this Agreement.

 

2.             Term.
Subject to the provisions of termination as hereinafter provided, the term of employment under this Agreement shall commence the
Commencement Date and shall continue through the end of the business day on the third anniversary of the Commencement Date (the
"Initial Term"); provided, however, that beginning on the third anniversary of the Commencement Date and on the
first calendar day after the conclusion of the Initial Term of this Agreement or any Renewal Term (each a "Renewal Date")
thereafter, the term of this Agreement shall automatically be extended for two additional years, (each, a "Renewal Term")
unless either party gives the other written notice of non-renewal at least thirty (30) days prior to any such Renewal Date. The
"term of this Agreement" shall mean period of time beginning as of the Commencement Date and ending as of the last date
that the Employee is employed by the Company.

 

3.             Compensation;
Reimbursement, Etc.

 

(a)             Basic
Salary. The Employer shall pay to the Employee as compensation for all services rendered by the Employee during the term of
this Agreement a basic annualized salary of $150,000.00 per year (the "Basic Salary"), or such greater sum as
the parties may agree on from time to time, payable monthly on the first day of each month during the term of this Agreement.
The Board of Directors of the Employer and the Employee shall review and discuss the Basic Salary of the Employee and the Employee
shall be entitled to an increase to such Basic Salary from time to time as mutually agreed between them. In addition, the Board
of Directors of the Employer, in its discretion, may, with respect to any year during the term hereof, award a bonus or bonuses
to the Employee in addition to the bonuses provided for in Section 3(b). The compensation provided for in this Section 3(a) shall
be in addition to any pension or profit sharing payments set aside or allocated for the benefit of the Employee.

 

(b)            Bonus.
In addition to the Basic Salary paid pursuant to Section 3(a), the Employer shall pay as incentive compensation an annual bonus
based upon the Employee's performance and computed in accordance with an incentive management bonus plan that is each year recommended
and/or approved by the Board of Directors of the Employer. The Employee's participation in such incentive management bonus plan
shall be on the basis and terms as recommended and/or approved by the Board of Directors of the Employer. For each bonus period
during the term of this Agreement the target bonus shall be Minimum to 100% of the Employee's Basic Salary during such bonus period.

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                                (c)             Stock
Options. Effective as of the Commencement Date, the Employee shall receive one or more non-qualified stock options to purchase
an aggregate of Fifteen Million (15,000,000) shares of the Employer's common stock. The right to purchase such stock shall be
non-transferable and shall vest immediately upon the Commencement Date. The options shall have a term of seven (7) years and the
exercise price of the options shall be equal to the fair market value of the stock on the date of grant which the parties mutually
agree is ($0.08). The Employer may grant said stock options either under the Employer's currently existing stock option plans
("Plans"), or in such other manner as may be determined by the Employer; provided, however, that the terms pursuant
to which the stock option is granted, if granted outside of the Plans, shall be substantially similar to the terms of grant contained
in the Plans, and further provided, that in any case, the Employer shall make commercially reasonable efforts to cause the shares
of common stock underlying the options to be registered on Form S-8 (or an equivalent registration statement). During the term
of this Agreement, the Employee shall also be eligible to receive additional stock options as determined by the Board in accordance
with the Employer's practices applicable to senior employees of the Employer.

 

(d)               Tax-Gross
Up Payments. In addition to such other amounts as are due and payable under this Agreement, the Company shall make such additional
payments to Employee as are necessary to provide Employee with enough funds to pay any and all taxes attributable to or resulting
from the payment of the Basic Salary, the bonus and any other compensation paid to Employee under this Agreement, including without
limitation to any and all income tax arising under the Internal Revenue Code, and state, Canadian and provincial laws with the
end result that Employee shall receive the Basic Salary and Bonuses as if no such tax was applicable tot he Employee. The Company
shall make any payments required by this paragraph no later than 105 days after the last day of Employee's taxable year following
the Employee's taxable year in which the applicable Basic Salary and Bonuses are paid to the Employee.

 

(e)             Benefits
and Perquisites. During the term of this Agreement, Employee shall be provided with the health insurance equivalent to that
provided to other executives of the Company, disability insurance and such other benefits as may be offered by the Company to
executive level employees.

 

(f)               Reimbursements.
The Employer shall reimburse the Employee for all reasonable expenses incurred by the Employee in the performance of his duties
under this Agreement including without limitation all travel expenses related to his duties on behalf of the Company; provided,
however, that the Employee must furnish to the Employer an itemized account, satisfactory to the Employer, in substantiation of
such expenditures. In addition, Employer shall pay, or reimburse Employee for, all membership fees and related costs in connection
with Employee's membership in professional and civic organizations which are approved in advance by the Employer.

 

                 4.            Duties.
The Employee is engaged as President and Chief Operating Officers. Subject to the direction and supervision of the Employer's
Board of Directors, the Employee shall perform such duties as are customarily associated with a President or Chief Operating Officer
of a Nevada corporation.

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                 5.           Extent
of Services; Vacations and Days Off. 

 

(a)            During
the term of his employment under this Agreement, the Employee shall devote such time, energy and attention during regular business
hours to the benefit and business of the Employer as may be reasonably necessary in performing his duties pursuant to this Agreement.

 

(b)            The
Employee shall be entitled to at least six weeks of vacation per year with pay and to such personal and sick leave with pay in
accordance with the policy of the Employer as may be established from time to time by the Employer and applied to other senior
employees of the Employer. In addition, the Employee shall be entitled to such fringe benefits as may be provided from time to
time by the Employer to other executives of the Employer or its affiliates.

 

                 6.             Indemnification.
The Employer shall indemnify the Employee to the fullest extent that would be permitted by law as in effect at the time of
the subject act or omission, or by the Articles of Incorporation and Bylaws of the Employer as in effect at such time, or by the
terms of any indemnification agreement between the Employer and the Employee, whichever affords greatest protection to the Employee,
and the Employee shall be entitled to the protection of any insurance policies the Employer may elect to maintain generally for
the benefit of its employees (and to the extent the Employer maintains such an insurance policy or policies, in accordance with
its or their terms to the maximum extent of the coverage available for any company employee), against any and all loss, claim,
damage, liability, deficiencies, actions, suits, proceedings, claims, costs and legal expenses or expense whatsoever (including,
but not limited to, reasonable legal fees and other expenses and reasonable disbursements incurred in connection with investigating,
preparing to defend or defending any action, suit or proceeding, including any inquiry or investigation, commenced or threatened,
or any claim whatsoever, or in appearing or preparing for appearance as witness in any proceeding, including any pretrial proceeding
such as a deposition) at the time such costs, charges and expenses are incurred or sustained, in connection with any action, claim,
suit or proceeding to which the Employee may be made a party by reason of his being or having been an employee of the Employer,
or serving as an employee of an Affiliate of the Employer, other than any action, suit or proceeding brought against the Employee
by or on account of his breach of the provisions of any employment agreement with a third party that has not been disclosed by
the Employee to the Employer. Notwithstanding the foregoing, Employee shall not be entitled to indemnification pursuant to this
paragraph 6 to the extent that any such liability is found in a final judgment by a court of competent jurisdiction to have resulted
primarily and directly from the Employee's fraud, gross negligence or willful misconduct, The Company shall advance all Expenses
incurred by the Employee in connection with the investigation, defense, settlement or appeal of any Proceeding to which the Employee
is a party or is threatened to be made a party by reason of the fact that the Employee is or was an Agent of the Company (including
services as an Agent of an Affiliate). The Employee hereby undertakes to repay such amounts advanced only if, and to the extent
that, it shall be determined ultimately that the Employee is not entitled to be indemnified by the Company as authorized hereby.
The advances to be made hereunder shall be paid by the Company to the Employee within twenty (20) days following delivery of a
written request therefor by the Employee to the Company. In the event that the Company takes the position that Employee is not
entitled to indemnification in connection with the proposed settlement of any Proceeding, Employee shall have the right at
his own expense to undertake defense of any such claim, insofar as such Proceeding involves claims against the Employee, by written
notice given to the Company within 10 days after the Company has notified Employee in writing of its contention that Employee
is not entitled to indemnification; provided, however, that the failure to give such notice within such 10-day period
shall not affect or limit the Company's obligations with respect to advancement and indemnification under this Agreement. For
purposes of this Agreement, "Expenses" shall mean all out-of-pocket costs of any type or nature whatsoever (including,
without limitation, all attorneys' fees and related disbursements), actually and reasonably incurred by the Employee in connection
with either the investigation, defense or appeal of a Proceeding or establishing or enforcing a right to indemnification under
this Agreement or otherwise. Any payments to be made to Employee pursuant to this Section 6 shall first be made under insurance
policies that the Employer may maintain generally for the benefit of its employees, if any. An "Affiliate" shall mean
any entity controlling, controlled by or under common control with Employer. The provisions of this Section 6 shall specifically
survive the expiration or earlier termination of this Agreement. Shall any portion of this Section 6 be held to be invalid, unreasonable,
and arbitrary or against public policy, then such portion of the paragraph shall be modified to provide Employee with the fullest
protection that would be permitted by law.

 

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                7.                Terminations.

 

(a)             Voluntary
Termination by Employee. The Employee may terminate his employment hereunder upon giving at least ten (10) business days'
prior written notice. If the Employee gives notice pursuant to Section 7(a) above, the Employer shall have the right to relieve
the Employee, in whole or in part, of his duties under this Agreement (without reduction in compensation through the termination
date).

 

(b)             Termination
By Employee for Good Reason. The Employee may terminate his employment hereunder for Good Reason and upon written notice.
As used herein, "Good Reason" shall include the following:

 

  (i)            Should
the Company materially breach its duties as specified in this Agreement; or

 

  (ii)         
 Mobile Bits Holding Corporation fails to elect Employee to its Board of Directors or Mobile Bits Holding Corporation relieves
Employee of his position as the member of the Board of Directors of the Company for reasons other than for "Good Cause"
(as such term is defined in Section 7(c) of this Agreement).

 

If
the Employee shall terminate this Agreement with Good Reason, effective on a date earlier than a Renewal Date as provided for
in Section 2 (with the effective date of termination as so identified by the Employer's Board of Directors upon receipt of written
notice from Employee of his termination with Good Reason being referred to herein as the "Accelerated Termination Date"),
the Employee, until the date which is twelve (12) month(s) after the Accelerated Termination Date, shall continue to receive the
Basic Salary and other compensation and employee benefits (including without limitation the bonus that would otherwise have been
payable during such compensation continuation period under the bonus plan in effect immediately before the Accelerated Termination
Date) that the Employer has heretofore in Section 3 agreed to pay and to provide for the Employee, in each case in the amount
and kind and at the time provided for in Section 3; provided that, notwithstanding such termination of employment, the Employee's
covenants set forth in Section 9 and Section 10 are intended to and shall remain in full force and effect. The parties agree that,
because there can be no exact measure of the damage that would occur to the Employee as a result of terminating his employment
for Good Reason, the payments and benefits paid and provided pursuant to this Section 9(b) shall be deemed to constitute liquidated
damages and not a penalty for the termination of the Employee's employment with Good Reason, and the Employer agrees that the
Employee shall not be required to mitigate his damages.

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                                (c)            Termination
by Employer. Except as otherwise provided in this Agreement, during the Initial Term the Employer may terminate the employment
of the Employee hereunder only for Good Cause upon written notice; provided, however, that no breach or default by the Employee
shall be deemed to occur hereunder unless the Employee shall have failed to cure the breach or default within thirty (30) days
after Employee received written notice thereof indicating that it is a notice of termination pursuant to this Section of this
Agreement. As used herein, "Good Cause" shall include:

 

 (i)            the
Employee's conviction of either a felony involving moral turpitude or any crime in connection with his employment by the Employer
which causes the Employer a substantial detriment, but specifically shall not include traffic offenses;

 

 (ii)           willful
or material wrong doing by the Employee, including, but not limited to, acts of fraud, which could be expected to have a materially
adverse effect, monetarily or otherwise, on the Employer or its subsidiaries or affiliates, as determined by the Employer and
its Board of Directors;

 

  (iii)          material
breach by the Employee of a material obligation under this Agreement or of his duty to the Employer; or

 

  (iv)          any
condition which either resulted from the Employee's substantial dependence, as reasonably determined by the Board of Directors
of the Employer, on alcohol, or any narcotic drug or other controlled or illegal substance. If any determination of substantial
dependence is disputed by the Employee, the parties hereto agree to abide by the decision of a panel of three physicians appointed
in the manner and subject to the same penalties for noncompliance as specified in Section 7(c) of this Agreement.

 

Termination
of the employment of the Employee for reasons other than those expressly specified in this Agreement as good cause shall be deemed
to be a termination of employment "without Good Cause." If the Employer shall terminate the employment of the Employee
without good cause, effective on a date as of any Renewal Date as provided for in Section 2 or during any Renewal Term (with the
effective date of termination as so identified by the Employer being referred to herein as the "Accelerated Termination
Date"), the Employee, shall continue to receive the Basic Salary and other compensation and employee benefits (including
without limitation the bonus that would otherwise have been payable during such compensation continuation period under the bonus
plan in effect immediately before the Accelerated  Termination Date) that the Employer has heretofore in Section 3 agreed
to pay and to provide for the Employee for twelve (12) months, in each case in the amount and kind and at the time provided for
in Section 3; provided that, notwithstanding such termination of employment, the Employee's covenants set forth in Section 9 and
Section 10 are intended to and shall remain in full force and effect. The parties agree that, because there can be no exact measure
of the damage that would occur to the Employee as a result of a termination by the Employer of the Employee's employment without
good cause, the payments and benefits paid and provided pursuant to this Section 9(d) shall be deemed to constitute liquidated
damages and not a penalty for the Employer's termination of the Employee's employment without good cause, and the Employer agrees
that the Employee shall not be required to mitigate his damages. 

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  (d)            Termination
on Death. If the Employee dies during the term of his employment, the Employer shall pay to the estate of the Employee such
compensation, including any bonus compensation earned but not yet paid, as would otherwise have been payable to the Employee up
to the end of the month in which his death occurs including all of the Employee's stock options.

 

  (e)             Disability,
Illness and Incapacity. During any period of disability, illness or incapacity during the term of this Agreement which renders
the Employee at least temporarily unable to perform the services required under this Agreement for a period which shall not equal
or exceed (1) a period of 120 consecutive days or (2) shorter periods aggregating 180 days during any twelve—month period,
the Employee shall receive the compensation payable under Section 3 of this Agreement plus any bonus compensation earned but not
yet paid, less any benefits received by him/her under any disability insurance carried by or provided by the Employer. All rights
of the Employee under this Agreement (other than rights already accrued) shall terminate as provided below upon the Employee's
permanent disability (as defined below), although the Employee shall continue to receive any disability benefits to which he may
be entitled under any disability income insurance which may be carried by or provided by the Employer from time to time. The term
"permanent disability" as used in this Agreement shall mean the inability of the Employee, as determined by the Board
of Directors of the Employer, by reason of physical or mental disability to perform the duties required of him under this Agreement
for (1) a period of 120 consecutive days or (2) shorter periods aggregating 180 days during any twelve—month period. Successive
periods of disability, illness or incapacity will be considered separate periods unless the later period of disability, illness
or incapacity is due to the same or related cause and commences less than six months from the ending of the previous period of
disability. Upon such determination, the Board of Directors may terminate the Employee's employment under this Agreement upon
ten (10) days' prior written notice. If any determination of the Board of Directors with respect to permanent disability is disputed
by the Employee, the parties hereto agree to abide by the decision of a panel of three physicians. The Employee and Employer shall
each appoint one member, and the third member of the panel shall be appointed by the other two members. The Employee agrees to
make himself available for and submit to examinations by such physicians as may be directed by the Employer. Failure to submit
to any such examination shall constitute a breach of a material part of this Agreement.

 

                8.             Disclosure.
The Employee agrees that during the term of Employee's employment by the Employer, Employee will disclose and disclose only
to the Employer, in writing, all ideas, methods, plans, developments or improvements known by his which relate directly or indirectly to
the business of the Employer, whether acquired by the Employee before or during Employee's employment by the Employer. Nothing
in this Section 8 shall be construed as requiring any such communication where the idea, plan, method or development is lawfully
protected from disclosure as a trade secret of a third party or by any other lawful prohibition against such communication.

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                 9.           Confidentiality
and Ownership Rights.

 

(a)             Nondisclosure
of Information. The Employee acknowledges that in the course of Employee's employment by the Employer Employee will receive
certain trade secrets, which may include, but are not limited to, programs, lists of acquisition or disposition prospects and
knowledge of acquisition strategy, financial information and reports, lists of customers or potential customers and other proprietary
information, confidential information and knowledge concerning the business of the Employer (hereinafter collectively referred
to as "Information") which the Employer desires to protect. The Employee understands that the Information is confidential
and agrees not to reveal the Information to anyone outside the Employer, unless compelled to do so by any federal or state regulatory
agency or by a court order. If Employee becomes aware that disclosure of any Information is being sought by such an agency or
through a court order, Employee will immediately notify the Employer. The Employee further agrees that she will at no time use
the Information in competing with the Employer. Upon termination of Employee's employment with the Employer, regardless of the
reason for such termination, the Employee shall surrender to the Employer all papers, documents, writings and other property produced
by Employee or coming into Employee's possession by or through Employee's employment or relating to the Information, and the Employee
agrees that all such materials are and will at all times remain the property of the Employer and to the extent the Employee has
any rights therein, Employee hereby irrevocably assigns such rights to the Employer.

 

(b)            Ownership of Information, Ideas, Concepts, Improvements, Discoveries and Inventions.

 

 (i)            All
information, ideas, concepts, improvements, discoveries and inventions, whether patentable or not, which are conceived, made,
developed or acquired by Employee or which are disclosed or made known to Employee, individually or in conjunction with others,
during Employee's employment by the Employer and which relate to the Employer's business, products or services (including but
not limited to all such information relating to corporate opportunities, research, financial and sales data, pricing and trading
terms, evaluations, opinions, interpretations, acquisition prospects, the identity of customers or their requirements, the identity
of key contacts within the customer's organization or within the organization of acquisition prospects, or marketing and merchandising
techniques, prospective names and marks), are and shall be the sole and exclusive property of the Employer. Moreover, all drawings,
memoranda, notes, records, files, correspondence, manuals, models, specifications, computer programs, maps and all other writings
or materials of any type embodying any of such information, ideas, concepts, improvements, discoveries and inventions are and
shall be the sole and exclusive property of the Employer.

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  (ii)           In particular, Employee hereby specifically sells, assigns and transfers to the Employer all of Employee's worldwide
right, title and interest in and to all such information, ideas, concepts, improvements, discoveries or inventions described
in Section 9(b)(i) above, and any United States or foreign applications for patents, inventor's certificates or other industrial
rights that may be filed thereon, including divisions, continuations, continuations-in-part, reissues and/or extensions thereof,
and applications for registration of such names and marks. Both during the period of Employee's employment by the Employer and
thereafter, Employee shall assist the Employer and its nominees at all times in the protection of such information, ideas, concepts,
improvements, discoveries or inventions both in the United States and all foreign countries, including but not limited to the
execution of all lawful oaths and all assignment documents requested by the Employer or its nominee in connection with the preparation,
prosecution, issuance or enforcement of any applications for United States or foreign letters patent, including divisions, continuations,
continuations-in-part, reissues, and/or extensions thereof, and any application for the registration of such names and marks.

 

                                (c)            The
provisions of this Section 9 shall specifically survive the expiration or earlier termination of this Agreement.

 

                 10.          Expenses. Employer shall pay or reimburse Employee for all reasonable out-of-pocket costs and expenses
(including reasonable fees and disbursements of legal counsel, appraisers, accountants and other experts employed or retained
by Employee) incurred by Employee in connection with, arising out of, or in any way related to the negotiation, preparation, execution
and delivery of this Agreement.

 

 11.          Specific Performance. The Employee agrees that damages at law will be an insufficient remedy to the Employer
if the Employee violates the terms of Sections 8 and 9 of this Agreement and that the Employer would suffer irreparable damage
as a result of such violation. Accordingly, it is agreed that the Employer shall be entitled, upon application to a court of competent
jurisdiction, to obtain injunctive relief to enforce the provisions of such Sections, which injunctive relief shall be in addition
to any other rights or remedies available to the Employer. The provisions of this Section 11 shall specifically survive the expiration
or earlier termination of this Agreement.

 

 12.          Compliance with Other Agreements. The Employee represents and warrants that the execution of this Agreement
by Employee and Employee's performance of Employee's obligations hereunder will not conflict with, result in the breach of any
provision of or the termination of or constitute a default under any Agreement to which the Employee is a party or by which the
Employee is or may be bound.

 

 13.          Compliance with Tax Laws.

 

                                (a)             If
any payment or benefit provided by Company to or for the benefit of the Employee, whether paid or payable or distributed
or distributable pursuant to the terms of this Agreement or otherwise, including, by example and not by way of limitation, acceleration
by the Company or otherwise of the date of payment under any plan, program, arrangement or agreement of Company (a "Payment")
is subject to the excise tax imposed by Code section 4999 or any interest or penalties with respect to such excise tax (the "Excise
Tax"), then Company shall make such additional payments to Employee (the "Excise Tax Gross Up Payments")
as are necessary to provide Employee with enough funds to pay the Excise Tax, as well as any additional taxes (other than
the 409A Tax, as defined below), including but not limited to additional Excise Tax, attributable to or resulting from the payment
of the Excise Tax Gross Up Payments, with the end result that Employee shall be in the same position with respect to his tax liability
(other than the 409A Tax) as he would have been in if no Excise Tax had ever been imposed. The Company shall make any payments
required by this paragraph no later than the last day of Employee's taxable year next following the Employee's taxable year in
which the Excise Tax is remitted to the taxing authority.

 

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                                 (b)           If
any Payment provided to Employee is subject to adverse tax consequences under Code section 409A, then Company shall make
such additional payments to Employee (the "409A Gross Up Payments") as are necessary to provide Employee with
enough funds to pay the additional taxes, interest, and penalties imposed by Code section 409A (collectively, the "409A
Tax"), as well as any additional taxes, including but not limited to additional 409A Tax, attributable to or resulting
from the payment of the 409A Gross Up Payments, with the end result that Employee shall be in the same position with respect to
his tax liability as he would have been in if no 409A Tax had ever been imposed. The Company shall make any payments required
by this paragraph no later than the last day of Employee's taxable year next following the Employee's taxable year in which the
409A Tax is remitted to the taxing authority.

 

 13.          Waiver of Breach. The waiver by the Employer of a breach of any of the provisions of this Agreement by the Employee shall
not be construed as a waiver of any subsequent breach by the Employee.

 

 14.          Binding Effect Assignment. The rights and obligations of the Employer under this Agreement shall inure to the benefit of
and shall be binding upon the successors and assigns of the Employer. This Agreement is a personal employment contract and the
rights, obligations and interests of the Employee hereunder may not be sold, assigned, transferred, pledged or hypothecated.

 

 15.          Entire Agreement. This Agreement contains the entire agreement and supersedes all prior agreements and
understandings, oral or written, with respect to the subject matter hereof. This Agreement may be changed only by an agreement
in writing signed by the party against whom any waiver, change, amendment, modification or discharge is sought.

 

 16.          Headings. The headings contained in this Agreement are for reference purposes only and shall not affect the meaning or
interpretation of this Agreement

 

 17.          Governing
Law. This Agreement shall be construed and enforced in accordance with the laws of the Federal District and State of Florida.
Venue for all legal proceedings arising out of this Agreement shall be located only in the state or federal court with competent
jurisdiction in Sarasota County, Florida.

 

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 18.          Notice.
All notices which are required or may be given under this Agreement shall be in writing and shall be deemed to have been duly
given when received if personally delivered; when transmitted if transmitted by telecopy or similar electronic transmission method;
one working day after it is sent, if sent by recognized expedited delivery service; and five days after it is sent, if mailed,
first class mail, certified mail, return receipt requested, with postage prepaid. In each case notice shall be sent to:

 

If
to the Employee:

Hussein
Abu Hassan

371
front St. West suite# 220

Toronto,
Ontario M5v-3S8

 

If
to the Employer:

MobileBits
Corporation

5901
N. Honore Ave. Ste. 110

Sarasota,
FL 34243

 

[Remainder
of Page Intentionally Left Blank; Signature Page Follows]

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IN
WITNESS WHEREOF, the parties hereto have executed this Agreement the day and year first above written.

 

EMPLOYER:

 

MobileBits
Corporation

 

	By:	/s/
    James Burk	 
	Title:	CFO	 
	 	 	 
	STATE
    OF California	)
	 	 	) ss.
	COUNTY
    OF Los Angeles	)

 

On
this 3rd day of July, 2014, before me personally came James Burk, to me known, who being duly sworn, did depose and say, that
he is a duly authorized officer of Mobilebits Corporation, the corporation described in and which executed the foregoing instrument;
and that he signed his name thereto by order of the Board of Directors of said corporation.

	 	 	 
	 	 	 
	 	 	Notary Public
	 	 	 
	EMPLOYEE:

     

    _____________________

    Hussein Abu Hassan, Individually	 

     

     

     	 

 

 

  

11
| PageAmendment to FlexComp Plan

Exhibit 10.1
AMENDMENT TO THE
DARDEN RESTAURANTS, INC. FLEXCOMP PLAN
(AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2009)
WHEREAS, Darden Restaurants, Inc. (the “Company”) maintains the Darden Restaurants, Inc. FlexComp Plan (As Amended and Restated Effective January 1, 2009) (the “Plan”); and
WHEREAS, by resolutions of the Compensation Committee of the Board of Directors of the Company dated September 9, 2014, the Company decided to amend Section 7.5 of the Plan to limit the applicability of the participant consent requirement to the two-year period following a change in control; 
NOW, THEREFORE, by virtue of the power reserved to the Company by Section 7.5 of the Plan, and in exercise of the authority delegated to the Darden Restaurants, Inc. Benefit Plans Committee (the “BPC”) by resolution of the Compensation Committee of the Board of Directors of the Company, the Plan is hereby amended, effective September 10, 2014, by substituting the phrase “during the two-year period following” for the word “after” where such word appears in the third sentence of Section 7.5 of the Plan.  

* * * * *
[signatures on following page]

- 1 -    

IN WITNESS WHEREOF, the Benefit Plans Committee, duly authorized by the Compensation Committee to amend the Plan, has caused this amendment to be executed by a majority of its members.

September 11, 2014                        /s/ Danielle Kirgan        
Date                        Danielle Kirgan

September 11, 2014                        /s/ Lynda Walker        
Date                        Lynda Walker

September 11, 2014                        /s/ William R. White III    
Date                        William R. White III

September 11, 2014                        /s/ Daniel Williams        
Date                        Daniel Williams

- 2 -

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