Document:

SUBSCRIPTION AGREEMENT

  

Eastern Resources Corporation

166 East 34th Street,
Suite 18K

New York, NY 10016

 

This Subscription Agreement
(this “Agreement”) has been executed by the subscriber set forth in the signature page attached hereto
(the “Subscriber”) in connection with the private placement offering (the “Offering”)
of $_________ principal amount of 10% eighteen (18) month convertible promissory notes (the “Notes”)
of Eastern Resources, Inc., a Delaware Corporation (the “Company”). This subscription is being submitted
to you in accordance with and subject to the terms and conditions described in this Agreement.

 

The Notes being subscribed
for pursuant to this Agreement, or the securities into which the Notes may be converted, have not been registered under the Securities
Act of 1933, as amended (the “Securities Act”). The Offering is being made on a “best efforts”
basis to “accredited investors,” as defined in Regulation D under the Securities Act, and subscribers who are not ”U.S.
persons,” as defined in Regulation S under the Securities Act. The Company reserves the right, in its sole discretion and
for any reason, to reject any Subscriber’s subscription in whole or in part, or to allot less than the number of Notes subscribed
for.

 

The closing of the
Offering (the “Closing;” and the date on which such Closing occurs hereinafter referred to as the “Closing
Date”) shall be at the offices of Gottbetter & Partners, LLP, as escrow agent (the “Escrow Agent”),
at 488 Madison Avenue, New York, New York 10022 (or such other place as is mutually agreed to by the Company). The Company may
conduct multiple closings for the sale of the Notes until the termination of the Offering. The Offering shall continue until the
maximum amount of the Offering is reached or it is otherwise terminated by the Company.

 

1.          Subscription.
The undersigned Subscriber hereby subscribes to purchase the principal amount of Notes set forth on the signature page attached
hereto (the “Purchase Price”), subject to the terms and conditions of this Agreement and on the basis
of the representations, warranties, covenants and agreements contained herein.

 

2.          Subscription
Procedure. To complete a subscription for the Notes, the Subscriber must fully comply with the subscription procedure provided
in this Section on or before the Closing Date.

 

a.           Transaction
Documents. On or before the Closing Date, the Subscriber shall review, complete and execute the Signature Page to this Agreement,
the Anti-Money Laundering Investor Form (with attachments), the Investor Profile and the Investor Certification, attached hereto
as Appendix A (collectively, the “Transaction Documents”), and deliver the Transaction Documents
to the Escrow Agent. Executed documents may be delivered to the Escrow Agent by facsimile or electronic mail (e-mail), if the Subscriber
delivers the original copies of the documents to the Escrow Agent as soon as practicable thereafter.

 

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b.           Purchase
Price. Simultaneously with the delivery of the Transaction Documents to the Escrow Agent as provided herein, and in any event
on or prior to the Closing Date, the Subscriber shall deliver to the Escrow Agent the full Purchase Price, plus $160 (the “Escrow
Fee”) for services rendered by the Escrow Agent in such capacity hereunder, by check or by wire transfer of immediately available
funds.

 

c.           Company
Discretion. The Subscriber understands and agrees that the Company in its sole discretion reserves the right to accept or reject
this or any other subscription for Notes, in whole or in part, notwithstanding prior receipt by the Subscriber of notice of acceptance
of this subscription. The Company shall have no obligation hereunder until the Company shall execute and deliver to the Subscriber
an executed copy of this Agreement. If this subscription is rejected in whole, or the offering of Notes is terminated, all funds
received from the Subscriber will be returned without interest or offset, and this Agreement shall thereafter be of no further
force or effect. If this subscription is rejected in part, the funds for the rejected portion of this subscription will be returned
without interest or offset, and this Agreement will continue in full force and effect to the extent this subscription was accepted.

 

d.           No
Trading. The Subscriber represents and warrants to the Company that neither the Subscriber nor any of its affiliates has directly
or indirectly traded any securities of the Company, including without limitation, making any short sales or engaging in any hedging
transaction with respect to such securities (collectively, “Prohibited Transactions”), since becoming
aware of the Offering. Furthermore, Subscriber shall not engage in any Prohibited Transactions through the final Closing Date.

 

3.          Representations
and Warranties of the Company. The Company hereby represents and warrants to the Subscriber the following:

 

a.           Organization
and Qualification. The Company is a corporation duly organized and validly existing under the laws of the State of Delaware.
The Company has all requisite power and authority to carry on its business as currently conducted, other than such failures that
would not reasonably be expected to have a material adverse effect on the Company’s business, properties or financial condition
(a “Material Adverse Effect”). The Company is duly qualified to transact business in each jurisdiction
in which the failure to be so qualified would reasonably be expected to have a Material Adverse Effect.

 

b.           Authorization.
As of the Closing, all action on the part of the Company, its board of directors, officers and existing stockholders necessary
for the authorization, execution and delivery of this Agreement and the performance of all obligations of the Company hereunder
and thereunder shall have been taken, and this Agreement, assuming due execution by the parties hereto and thereto, will constitute
valid and legally binding obligations of the Company, enforceable in accordance with their respective terms, subject to: (i) judicial
principles limiting the availability of specific performance, injunctive relief, and other equitable remedies and (ii) bankruptcy,
insolvency, reorganization, moratorium or other similar laws now or hereafter in effect generally relating to or affecting creditors’
rights.

 

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c.           Governmental
Consents. No consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing
with, any federal, state or local governmental authority on the part of the Company is required in connection with the offer, sale
or issuance of the Notes, except for the following: (i) the filing of such notices as may be required under the Securities Act
and (ii) the compliance with any applicable state securities laws, which compliance will have occurred within the appropriate time
periods therefor.

 

d.           Litigation.
There are no actions, suits, proceedings or investigations pending or, to the best of the Company’s knowledge, threatened
before any court, administrative agency or other governmental body against the Company which question the validity of this Agreement,
or the right of the Company to enter into either of them, or to consummate the transactions contemplated hereby or thereby, or
which would reasonably be expected to have a Material Adverse Effect. The Company is not a party or subject to, and none of its
assets is bound by, the provisions of any order, writ, injunction, judgment or decree of any court or government agency or instrumentality
which would reasonably be expected to have a Material Adverse Effect.

 

e.           Compliance
with Other Instruments. The Company is not in violation or default of any provision of its Articles of Incorporation, each
as in effect immediately prior to the Closing, except for such failures as would not reasonably be expected to have a Material
Adverse Effect. The Company is not in violation or default of any provision of any material instrument, mortgage, deed of trust,
loan, contract, commitment, judgment, decree, order or obligation to which it is a party or by which it or any of its properties
or assets are bound which would reasonably be expected to have a Material Adverse Effect. To the best of its knowledge, the Company
is not in violation or default of any provision of any federal, state or local statute, rule or governmental regulation which would
reasonably be expected to have a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement
and the issuance and sale of the Notes, will not result in any such violation, be in conflict with or constitute, with or without
the passage of time or giving of notice, a default under any such provision, require any consent or waiver under any such provision
(other than any consents or waivers that have been obtained), or result in the creation of any mortgage, pledge, lien, encumbrance
or charge upon any of the properties or assets of the Company pursuant to any such provision.

 

f.            Certain
Registration Matters. Assuming the accuracy of the Subscriber’s representations and warranties set forth in this Agreement
and the Transaction Documents, and the representations and warranties made by all other purchasers of Notes in the Offering, no
registration under the Securities Act is required for the offer and sale of the Notes by the Company to the Subscriber hereunder.

 

g.           No
General Solicitation. Neither the Company nor any person acting on behalf of the Company has offered or sold any of the Notes
by any form of general solicitation or general advertising (within the meaning of Regulation D).

 

4.          Representations
and Warranties of the Subscriber. The Subscriber represents and warrants to the Company the following:

 

a.           Subscriber
Knowledge and Experience. The Subscriber, its advisers, if any, and designated representatives, if any, have the knowledge
and experience in financial and business matters necessary to evaluate the merits and risks of its prospective investment in the
Company, and have carefully reviewed and understand the risks of, and other considerations relating to, the purchase of Notes and
the tax consequences of the investment, and have the ability to bear the economic risks of the investment.

 

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b.           Investment
Purpose. The Subscriber is acquiring the Notes for investment for its own account and not with the view to, or for resale in
connection with, any distribution thereof. The Subscriber understands and acknowledges that the Notes and the securities that may
be issued upon conversion of the Notes (collectively, the “Securities”) have not been registered under
the Securities Act or any state securities laws, by reason of a specific exemption from the registration provisions of the Securities
Act and applicable state securities laws, which depends upon, among other things, the bona fide nature of the investment intent
as expressed herein. The Subscriber further represents that it does not have any contract, undertaking, agreement or arrangement
with any person to sell, transfer or grant participation to any third person with respect to any of the Securities. The Subscriber
understands and acknowledges that the offering of the Notes pursuant to this Agreement will not be registered under the Securities
Act nor under the state securities laws on the ground that the sale provided for in this Agreement and the issuance of securities
hereunder is exempt from the registration requirements of the Securities Act and any applicable state securities laws.

 

c.           No
Public Market. The Subscriber understands that no public market now exists, and there never will be a public market for, the
Notes, that an active public market for the Company’s common stock does not now exist and that there may never be an active
public market for the common stock of the Company.

 

d.           Information.
The Subscriber, its advisers, if any, and designated representatives, if any, have received and reviewed information about the
Company and have had an opportunity to discuss the Company’s business, management and financial affairs with its management.
The Subscriber understands that such discussions, as well as any written information provided by the Company, were intended to
describe the aspects of the Company’s business and prospects which the Company believes to be material, but were not necessarily
a thorough or exhaustive description, and except as expressly set forth in this Agreement, the Company makes no representation
or warranty with respect to the completeness of such information and makes no representation or warranty of any kind with respect
to any information provided by any entity other than the Company. Some of such information includes projections as to the future
performance of the Company, which projections may not be realized, are based on assumptions which may not be correct and are subject
to numerous factors beyond the Company’s control.

 

e.           Investment
Authorization. As of the Closing, all action on the part of Subscriber, and its officers, directors and partners, if applicable,
necessary for the authorization, execution and delivery of this Agreement and the performance of all obligations of the Subscriber
hereunder and thereunder shall have been taken, and this Agreement, assuming due execution by the parties hereto and thereto, constitute
valid and legally binding obligations of the Subscriber, enforceable in accordance with their respective terms, subject to: (i)
judicial principles limiting the availability of specific performance, injunctive relief, and other equitable remedies and (ii)
bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect generally relating to or affecting
creditors’ rights.

 

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f.            Accredited
Investor Status. The Subscriber either (i) is an “accredited investor” as defined in Rule 501 of Regulation D as
promulgated by the Securities and Exchange Commission under the Securities Act or (ii) is not a “U.S. Person” as defined
in Regulation S as promulgated by the Securities and Exchange Commission under the Securities Act, and, in each case, shall submit
to the Company such further assurances of such status as may be reasonably requested by the Company.

 

g.           Non-U.S.
Person Status. The Subscriber, if a non-U.S. Person, agrees that it is acquiring the Notes in an offshore transaction pursuant
to Regulation S and hereby represents to the Company as follows:

 

(i)          The
Subscriber is outside the United States when receiving and executing this Subscription Agreement;

 

(ii)         The
Subscriber has not acquired the Notes as a result of, and will not itself engage in, any “directed selling efforts”
(as defined in Regulation S) in the United States in respect of the Notes which would include any activities undertaken for the
purpose of, or that could reasonably be expected to have the effect of, conditioning the market in the United States for the resale
of the Notes; provided, however, that the Subscriber may sell or otherwise dispose of the Notes pursuant to registration of the
Notes under the Securities Act and any applicable state and provincial securities laws or under an exemption from such registration
requirements and as otherwise provided herein;

 

(iii)        The
Subscriber understands and agrees that offers and sales of any of the Notes prior to the expiration of a period of one year after
the date of transfer of the Notes under this Subscription Agreement (the “Distribution Compliance Period”),
shall only be made in compliance with the safe harbor provisions set forth in Regulation S, pursuant to the registration provisions
of the Securities Act or an exemption therefrom, and that all offers and sales after the Distribution Compliance Period shall be
made only in compliance with the registration provisions of the Securities Act or an exemption therefrom, and in each case only
in accordance with all applicable securities laws;

 

(iv)        The
Subscriber understands and agrees not to engage in any hedging transactions involving the Notes prior to the end of the Distribution
Compliance Period unless such transactions are in compliance with the Securities Act; and

 

(v)         The
Subscriber hereby represents that it has satisfied itself as to the full observance of the laws of its jurisdiction in connection
with any invitation to subscribe for the Notes or any use of this Subscription Agreement, including: (a) the legal requirements
within its jurisdiction for the purchase of the Notes; (b) any foreign exchange restrictions applicable to such purchase; (c) any
governmental or other consents that may need to be obtained; and (d) the income tax and other tax consequences, if any, that may
be relevant to the purchase, holding, redemption, sale or transfer of the Notes. Such Subscriber’s subscription and payment
for, and its continued beneficial ownership of the Notes, will not violate any applicable securities or other laws of the Subscriber’s
jurisdiction.

 

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h.           Anti-Money
Laundering. Subscriber represents that neither it nor, to its knowledge, any person or entity controlling, controlled by or
under common control with it, nor any person having a beneficial interest in it, nor any person on whose behalf the Subscriber
is acting: (i) is a person listed in the Annex to Executive Order No. 13224 (2001) issued by the President of the United States
(Executive Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism);
(ii) is named on the List of Specially Designated Nationals and Blocked Persons maintained by the U.S. Office of Foreign Assets
Control; (iii) is a non-U.S. shell bank or is providing banking services indirectly to a non-U.S. shell bank; (iv) is a senior
non-U.S. political figure or an immediate family member or close associate of such figure; or (v) is otherwise prohibited from
investing in the Company pursuant to applicable U.S. anti-money laundering, anti-terrorist and asset control laws, regulations,
rules or orders (categories (i) through (v), each a “Prohibited Subscriber”). The Subscriber agrees to provide
the Company, promptly upon request, all information that the Company reasonably deems necessary or appropriate to comply with applicable
U.S. anti-money laundering, anti-terrorist and asset control laws, regulations, rules and orders. The Subscriber consents to the
disclosure to U.S. regulators and law enforcement authorities by the Company and its affiliates and agents of such information
about the Subscriber as the Company reasonably deems necessary or appropriate to comply with applicable U.S. antimony laundering,
anti-terrorist and asset control laws, regulations, rules and orders. If the Subscriber is a financial institution that is subject
to the USA Patriot Act, the Subscriber represents that it has met all of its obligations under the USA Patriot Act. The Subscriber
acknowledges that if, following its investment in the Company, the Company reasonably believes that the Subscriber is a Prohibited
Subscriber or is otherwise engaged in suspicious activity or refuses to promptly provide information that the Company requests,
the Company has the right or may be obligated to prohibit additional investments, segregate the assets constituting the investment
in accordance with applicable regulations or immediately require the Subscriber to transfer the Securities. The Subscriber further
acknowledges that the Subscriber will have no claim against the Company or any of its affiliates or agents for any form of damages
as a result of any of the foregoing actions.

 

i.            High
Risk Investment. The Subscriber or its duly authorized representative realizes that because of the inherently speculative nature
of businesses of the kind conducted and contemplated by the Company, the Company’s financial results may be expected to fluctuate
from month to month and from period to period and will, generally, involve a high degree of financial and market risk that could
result in substantial or, at times, even total losses for investors in securities of the Company.

 

j.            Subscriber
Liquidity. The Subscriber has adequate means of providing for its current and anticipated financial needs and contingencies,
is able to bear the economic risk for an indefinite period of time and has no need for liquidity of the investment in the Notes
and could afford complete loss of such investment.

 

k.          No
General Solicitation. The Subscriber is not subscribing for Notes as a result of or subsequent to any advertisement, article,
notice or other communication, published in any newspaper, magazine or similar media or broadcast over television, radio, or the
internet, or presented at any seminar or meeting, or any solicitation of a subscription by a person not previously known to the
Subscriber in connection with investments in securities generally.

 

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l.            Subscriber
Information. All of the information that the Subscriber has heretofore furnished or which is set forth herein is correct and
complete as of the date of this Agreement, and, if there should be any material change in such information prior to the admission
of the undersigned to the Company, the Subscriber will immediately furnish revised or corrected information to the Company.

 

m.           Gottbetter
& Partners, LLP – Relationship to Company. The Subscriber acknowledges that Adam S. Gottbetter is the owner of Gottbetter
& Partners, LLP and Gottbetter Capital Group, Inc. Gottbetter & Partners, LLP and Gottbetter Capital Group, Inc. own shares
of the Company. Gottbetter & Partners, LLP is counsel to the Company and receives legal fees pursuant to a retainer agreement
with the Company.

 

5.          Transfer
Restrictions. The Subscriber acknowledges and agrees as follows:

 

a.           Reliance
on Exemptions. The Notes have not been registered for sale under the Securities Act, in reliance on the private offering exemption
in Section 4(2) thereof and under Regulation D or Regulation S thereunder; the Company does not intend to register the Notes under
the Securities Act at any time in the future.

 

b.           Legends.
The Subscriber understands that the certificates representing the Securities, until such time as they have been registered under
the Securities Act, shall bear a restrictive legend in substantially the following form (and a stop-transfer order may be placed
against transfer of such certificates or other instruments):

 

For
U.S. Persons:

 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”),
OR ANY STATE SECURITIES LAWS, AND NEITHER SUCH SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE
TRANSFERRED UNLESS (1) A REGISTRATION STATEMENT WITH RESPECT THERETO IS EFFECTIVE UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES
LAWS, OR (2) AN EXEMPTION FROM SUCH REGISTRATION EXISTS AND THE COMPANY RECEIVES AN OPINION OF COUNSEL TO THE HOLDER OF SUCH SECURITIES,
WHICH COUNSEL AND OPINION ARE SATISFACTORY TO THE COMPANY, THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR TRANSFERRED
IN THE MANNER CONTEMPLATED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR APPLICABLE STATE SECURITIES LAWS.

 

For
Non-U.S. Persons:

 

THESE
SECURITIES WERE ISSUED IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED IN REGULATION S) PURSUANT TO
REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”). ACCORDINGLY, NONE OF THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS
SO REGISTERED, NONE MAY BE OFFERED OR SOLD IN THE UNITED STATES OR, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS EXCEPT PURSUANT TO
AN EFFECTIVE REGISTRATION STATEMENT OR PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS
OF THE 1933 ACT, AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING
THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE 1933 ACT.

 

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The legend(s)
set forth above shall be removed and the Company shall issue a certificate without such legend to the holder of the Securities
upon which it is stamped, if (a) such Securities are sold pursuant to a registration statement under the Securities Act, or
(b) such holder delivers to the Company an opinion of counsel, reasonably acceptable to the Company, that a disposition of
the Securities is being made pursuant to an exemption from such registration and that the Securities, after such transfer, shall
no longer be “restricted securities” within the meaning of Rule 144.

 

c.           No
Governmental Review. No governmental agency has passed upon the Securities or made any finding or determination as to the wisdom
of any investments therein.

 

d.           Restrictions
on Transfer. There are substantial restrictions on the transferability of the Securities, and if the Company decides to issue
certificates representing the Securities, restrictive legends will be placed on any such certificates.

 

6.          Indemnification.
The Subscriber agrees to indemnify and hold harmless the Company, the Escrow Agent and their respective officers, directors, employees,
agents, control persons and affiliates from and against all losses, liabilities, claims, damages, costs, fees and expenses whatsoever
(including, but not limited to, any and all expenses incurred in investigating, preparing or defending against any litigation commenced
or threatened) based upon or arising out of any actual or alleged false acknowledgment, representation or warranty, or misrepresentation
or omission to state a material fact, or breach by the Subscriber of any covenant or agreement made by the Subscriber herein or
in any other document delivered in connection with this Agreement.

 

7.          Irrevocability;
Binding Effect. The Subscriber hereby acknowledges and agrees that the subscription hereunder is irrevocable by the Subscriber,
except as required by applicable law, and that this Agreement shall survive the death or disability of the Subscriber and shall
be binding upon and inure to the benefit of the parties and their heirs, executors, administrators, successors, legal representatives
and permitted assigns. If the Subscriber is more than one person, the obligations of the Subscriber hereunder shall be joint and
several and the agreements, representations, warranties and acknowledgments herein shall be deemed to be made by and be binding
upon each such person and such person’s heirs, executors, administrators, successors, legal representatives and permitted
assigns.

 

8.          Modification.
This Agreement shall not be modified or waived except by an instrument in writing signed by the party against whom any such modification
or waiver is sought.

 

 

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9.          Notices.
Any notice or other communication required or permitted to be given hereunder shall be in writing and shall be mailed by certified
mail, return receipt requested, or delivered against receipt to the party to whom it is to be given (a) if to the Company, at the
address set forth above, or (b) if to the Subscriber, at the address set forth on the signature page hereof (or, in either case,
to such other address as the party shall have furnished to the other in writing in accordance with the provisions of this Section
10). Any notice or other communication given by certified mail shall be deemed given at the time of certification thereof, except
for a notice changing a party’s address which shall be deemed given at the time of receipt thereof.

 

10.       Assignability.
This Agreement and the rights, interests and obligations hereunder are not transferable or assignable by the Subscriber and the
transfer or assignment of the Notes shall be made only in accordance with all applicable laws.

 

11.       Applicable
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without reference
to the principles thereof relating to the conflict of laws.

 

12.       Arbitration.
The parties agree to submit all controversies to arbitration in accordance with the provisions set forth below and understand that:

 

(a)          Arbitration
is final and binding on the parties.

 

(b)          The
parties are waiving their right to seek remedies in court, including the right to a jury trial.

 

(c)          Pre-arbitration
discovery is generally more limited and different from court proceedings.

 

(d)          The
arbitrator’s award is not required to include factual findings or legal reasoning and any party’s right to appeal or
to seek modification of rulings by arbitrators is strictly limited.

 

(e)          The
panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry.

 

(f)          All
controversies which may arise between the parties concerning this Agreement shall be determined by arbitration pursuant to the
rules then pertaining to the Financial Industry Regulatory Authority in New York City, New York. Judgment on any award of any such
arbitration may be entered in the Supreme Court of the State of New York or in any other court having jurisdiction of the person
or persons against whom such award is rendered. Any notice of such arbitration or for the confirmation of any award in any arbitration
shall be sufficient if given in accordance with the provisions of this Agreement. The parties agree that the determination of the
arbitrators shall be binding and conclusive upon them.

 

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13.       Blue
Sky Qualification. The purchase of Notes under this Agreement is expressly conditioned upon the exemption from qualification
of the offer and sale of the Notes from applicable federal and state securities laws. The Company shall not be required to qualify
this transaction under the securities laws of any jurisdiction and, should qualification be necessary, the Company shall be released
from any and all obligations to maintain its offer, and may rescind any sale contracted, in the jurisdiction.

 

14.       Use
of Pronouns. All pronouns and any variations thereof used herein shall be deemed to refer to the masculine, feminine, neuter,
singular or plural as the identity of the person or persons referred to may require.

 

15.       Confidentiality.
The Subscriber acknowledges and agrees that any information or data the Subscriber has acquired from or about the Company, not
otherwise properly in the public domain was received in confidence. The Subscriber agrees not to divulge, communicate or disclose,
except as may be required by law or for the performance of this Agreement, or use to the detriment of the Company or for the benefit
of any other person, or misuse in any way, any confidential information of the Company, including any scientific, technical, trade
or business secrets of the Company and any scientific, technical, trade or business materials that are treated by the Company as
confidential or proprietary, including, but not limited to, ideas, discoveries, inventions, developments and improvements belonging
to the Company and confidential information obtained by or given to the Company about or belonging to third parties.

 

16.       Miscellaneous.

 

(a)          This
Agreement constitutes the entire agreement between the Subscriber and the Company with respect to the subject matter hereof and
supersedes all prior oral or written agreements and understandings, if any, relating to the subject matter hereof. The terms and
provisions of this Agreement may be waived, or consent for the departure therefrom granted, only by a written document executed
by the party entitled to the benefits of such terms or provisions.

 

(b)          The
representations and warranties of the Company and the Subscriber made in this Agreement shall survive the execution and delivery
hereof and delivery of the Notes.

 

(c)          Each
of the parties hereto shall pay its own fees and expenses (including the fees of any attorneys, accountants, appraisers or others
engaged by such party) in connection with this Agreement and the transactions contemplated hereby, whether or not the transactions
contemplated hereby are consummated.

 

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

 

(e)          Each
provision of this Agreement shall be considered separable and, if for any reason any provision or provisions hereof are determined
to be invalid or contrary to applicable law, such invalidity or illegality shall not impair the operation of or affect the remaining
portions of this Agreement.

 

 

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(f)          Paragraph
titles are for descriptive purposes only and shall not control or alter the meaning of this Agreement as set forth in the text.

 

(g)          The
Subscriber understands and acknowledges that there may be multiple Closings for the Offering.

 

(h)          The
Subscriber hereby agrees to furnish the Company such other information as the Company may request prior to the Closing with respect
to its subscription hereunder.

 

18.       Public
Disclosure. Neither the Subscriber nor any officer, manager, director, member, partner, stockholder, employee, affiliate, affiliated
person or entity of the Subscriber shall make or issue any press releases or otherwise make any public statements or make any disclosures
to any third person or entity with respect to the transactions contemplated herein and will not make or issue any press releases
or otherwise make any public statements of any nature whatsoever with respect to the Company without the Company’s express
prior approval. The Company has the right to withhold such approval in its sole discretion.

 

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INTENTIONALLY LEFT BLANK]

 

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How to subscribe for Notes in the private
offering of

Eastern Resources, Inc.:

 

		1.	Date and Fill in the principal amount of Notes being purchased and Complete and Sign
the Signature Page.

 

		2.	Initial the Investor Certification page.

 

		3.	Fax or email all forms and then send all signed original documents to:

 

Gottbetter & Partners, LLP

488 Madison Avenue, 12th Floor

New York, NY 10022

Facsimile Number: (212) 400-6901

Telephone Number: (212) 400-6900

Attn: Paul C. Levites

E-mail Address: pcl@gottbetter.com

 

		4.	If you are paying the Purchase Price
by check, a check for the exact dollar amount of the Purchase
Price for the principal amount of Notes you are offering to purchase and the $160 Escrow Fee should be made payable
to the order of “Gottbetter & Partners, LLP, Escrow Agent
for EASTERN RESOURCES, INC.” and should be sent to Gottbetter & Partners, LLP, 488 Madison Avenue, 12th
Floor, New York, NY 10022.

 

		5.	If you are paying the Purchase Price by wire transfer, you should send a wire transfer
for the exact dollar amount of the Purchase Price for the number of Notes you are offering to purchase and the $160 Escrow
Fee according to the following instructions: 

 

BANK:  Citibank, N.A.

ABA#:  021000089

SWIFT CODE: CITIUS33

ACCOUNT NAME:  Gottbetter & Partners,
LLP Attorney Trust

ACCOUNT:   9998176923

REFERENCE:  Eastern Resources,
Inc. Escrow – [insert Subscriber’s name]”

 

Thank you for your interest,

 

Eastern Resources, Inc.

 

    	12

    	 

    

 

EASTERN RESOURCES, INC.

SIGNATURE PAGE TO

SUBSCRIPTION AGREEMENT

 

IN WITNESS WHEREOF, the Subscriber hereby
executes this Subscription Agreement.

 

Dated: February 1, 2012

 

	SUBSCRIBER (individual)	 	SUBSCRIBER (entity)
	 	 	 
	 	 	 
	Signature	 	Name of Entity
	 	 	 
	 	 	 
	Print Name	 	Signature
	 	 	 
	 	 	 
	 	 	Print Name: 	 
	Signature (if Joint Tenants or Tenants in Common)	 	 	 
	 	 	Title: 	 
	 	 	 
	Address of Principal Residence:	 	Address of Executive Offices:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	Social Security Number(s):	 	IRS Tax Identification Number: 
	 	 	 
	 	 	 
	Telephone Number:	 	Telephone Number: 
	 	 	 
	 	 	 
	Facsimile Number:	 	Facsimile Number: 
	 	 	 
	 	 	 
	E-mail Address:	 	E-mail Address: 
	 	 	 

 

$________

Principal Amount of Notes

 

$___ Escrow Fee

 

    	13

    	 

    

 

EASTERN RESOURCES, INC.

 

IN WITNESS WHEREOF, the Company has duly executed
this Subscription Agreement with respect to ______________ Notes as of the ___ day of ____________, 2012.

 

	 	EASTERN RESOURCES, INC.
	 	 	 
	 	By:	 
	 	Name:	Thomas H. Hanna, Jr.
	 	Title:	Chief Executive Officer

 

    	 

    	 

    

 

ANTI-MONEY LAUNDERING INFORMATION FORM

The following is required in accordance
with the AML provision of the USA PATRIOT ACT.

(Please fill out and return with requested
documentation.)

 

	INVESTOR NAME:	 	 
	 	 	 
	LEGAL ADDRESS:	 	 
	 	 	 
	SSN# or TAX ID# OF INVESTOR:	 	 

 

 

FOR INVESTORS WHO ARE INDIVIDUALS: 

 

	YEARLY INCOME:  	 	 	AGE:  	 	 

 

	NET WORTH*:	 	 
	 	 	 
	OCCUPATION:	 	 
	 	 	 
	ADDRESS OF EMPLOYER:	 	 
	 	 	 
	 	 	 
	 	 	 
	INVESTMENT OBJECTIVE(S):	 	 

 

IDENTIFICATION & DOCUMENTATION
AND SOURCE OF FUNDS:

 

		1.	Please submit a copy of non-expired identification for the authorized signatory(ies) on the investment
documents, showing name, date of birth, address and signature. The address shown on the identification document MUST match the
Investor’s address shown on the Investor Signature Page.

 

	Current Driver’s License	or	Valid Passport	or	Identity Card
	 	 	(Circle one or more)	 	 

 

		2.	If the Investor is a corporation, limited liability company, trust or other type of entity, please
submit the following requisite documents: (i) Articles of Incorporation, By-Laws, Certificate of Formation, Operating Agreement,
Trust or other similar documents for the type of entity; and (ii) Corporate Resolution or power of attorney or other similar document
granting authority to signatory(ies) and designating that they are permitted to make the proposed investment.

 

		3.	Please advise where the funds were derived from to make the proposed investment:

 

	Investments	Savings	Proceeds of Sale	Other ____________

(Circle one or more)

 

	Signature:	 	 
	 	 	 
	Print Name:	 	 
	 	 	 
	Title (if applicable):	 	 
	 	 	 
	Date:	 	 

 

		*	For purposes of calculating your net worth in this form, (a) your primary residence shall not
be included as an asset; (b) indebtedness secured by your primary residence, up to the estimated fair market value of your
primary residence at the time of your purchase of the securities, shall not be included as a liability (except that if the amount
of such indebtedness outstanding at the time of your purchase of the securities exceeds the amount outstanding 60 days before such
time, other than as a result of the acquisition of your primary residence, the amount of such excess shall be included as a liability);
and (c) indebtedness that is secured by your primary residence in excess of the estimated fair market value of your primary residence
at the time of your purchase of the securities shall be included as a liability.

 

    	 

    	 

    

 

EASTERN RESOURCES, INC.

 

INVESTOR CERTIFICATION

 

For
Individual Accredited Investors Only

(all
Individual Accredited Investors must INITIAL where appropriate):

 

		Initial _______	I have a net worth (excluding the value of my primary residence)
in excess of $1,000,000 either individually or through aggregating my individual holdings and those in which I have a joint, community
property or other similar shared ownership interest with my spouse. (For purposes of calculating your
net worth under this paragraph, (a) your primary residence shall not be included as an asset; (b) indebtedness secured
by your primary residence, up to the estimated fair market value of your primary residence at the time of your purchase of the
securities, shall not be included as a liability (except that if the amount of such indebtedness outstanding at the time of your
purchase of the securities exceeds the amount outstanding 60 days before such time, other than as a result of the acquisition
of your primary residence, the amount of such excess shall be included as a liability); and (c) indebtedness that is secured by
your primary residence in excess of the estimated fair market value of your primary residence at the time of your purchase of
the securities shall be included as a liability.)

 

		Initial _______	I have had an annual gross income for the past two years
of at least $200,000 (or $300,000 jointly with my spouse) and expect my income (or joint income, as appropriate) to reach the
same level in the current year.

 

For Non-Individual
Accredited Investors

(all Non-Individual
Accredited Investors must INITIAL where appropriate):

 

		Initial _______	The investor certifies that it is a partnership, corporation,
limited liability company or business trust that is 100% owned by persons who meet at least one of the criteria for Individual
Investors set forth above.

		Initial _______	The investor certifies that it is a partnership, corporation,
limited liability company or business trust that has total assets of at least $5 million and was not formed for the purpose of
investing in the Company.

		Initial _______	The investor certifies that it is an employee benefit plan
whose investment decision is made by a plan fiduciary (as defined in ERISA §3(21)) that is a bank, savings and loan association,
insurance company or registered investment adviser.

		Initial _______	The investor certifies that it is an employee benefit plan
whose total assets exceed $5,000,000 as of the date of this Agreement.

		Initial _______	The undersigned certifies that it is a self-directed employee
benefit plan whose investment decisions are made solely by persons who meet either of the criteria for Individual Investors.

		Initial _______	The investor certifies that it is a U.S. bank, U.S. savings
and loan association or other similar U.S. institution acting in its individual or fiduciary capacity.

		Initial _______	The undersigned certifies that it is a broker-dealer registered
pursuant to §15 of the Securities Exchange Act of 1934.

		Initial _______	The investor certifies that it is an organization described
in §501(c)(3) of the Internal Revenue Code with total assets exceeding $5,000,000 and not formed for the specific purpose
of investing in the Company.

 

    	 

    	 

    

 

		Initial _______	The investor certifies that it is a trust with total assets
of at least $5,000,000, not formed for the specific purpose of investing in the Company, and whose purchase is directed by a person
with such knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks of
the prospective investment.

		Initial _______	The investor certifies that it is a plan established and
maintained by a state or its political subdivisions, or any agency or instrumentality thereof, for the benefit of its employees,
and which has total assets in excess of $5,000,000.

		Initial _______	The investor certifies that it is an insurance company
as defined in §2(13) of the Securities Act, or a registered investment company.

 

    	 

    	 

    

 

EASTERN RESOURCES, INC.

Investor Profile

(Must be completed by Investor)

Section A - Personal Investor Information

 

	Investor Name(s):	 
	Individual executing Profile or Trustee:	 
	Social Security Numbers / Federal I.D. Number:	 
	Date of Birth:	 	 	 	Marital Status:	 	 
	Joint Party Date of Birth:	 	 	 	Investment Experience (Years):	 	 
	Annual Income:	 	 	 	Liquid Net Worth:	 	 
	Net Worth*:	 
	Tax Bracket:	 	 	15% or below	 	 	25% - 27.5%	 	 	Over 27.5%
	 	 
	Home Street Address:	 
	Home City, State & Zip Code:	 
	Home Phone:	 	Home Fax:	 	Home Email:	 
	Employer:	 
	Employer Street Address:	 
	Employer City, State & Zip Code:	 
	Bus. Phone:	 	Bus. Fax:	 	Bus. Email:	 
	Type of Business:	 
	(PLACEMENT AGENT) Account Executive / Outside Broker/Dealer:
	 
	If you are a United States citizen, please list the number and jurisdiction of issuance of any other government-issued document evidencing residence and bearing a photograph or similar safeguard (such as a driver’s license or passport), and provide a photocopy of each of the documents you have listed.
	 
	If you are NOT a United States citizen, for each jurisdiction of which you are a citizen or in which you work or reside, please list (i) your passport number and country of issuance or (ii) alien identification card number AND (iii) number and country of issuance of any other government-issued document evidencing nationality or residence and bearing a photograph or similar safeguard, and provide a photocopy of each of these documents you have listed.  These photocopies must be certified by a lawyer as to authenticity. 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

		*	For purposes of calculating your net worth in this form, (a) your primary residence shall not
be included as an asset; (b) indebtedness secured by your primary residence, up to the estimated fair market value of your
primary residence at the time of your purchase of the securities, shall not be included as a liability (except that if the amount
of such indebtedness outstanding at the time of your purchase of the securities exceeds the amount outstanding 60 days before such
time, other than as a result of the acquisition of your primary residence, the amount of such excess shall be included as a liability);
and (c) indebtedness that is secured by your primary residence in excess of the estimated fair market value of your primary residence
at the time of your purchase of the securities shall be included as a liability.

 

Section B – Certificate Delivery
Instructions

 

	 	 	Please deliver certificate to the Employer Address listed in Section A.
	 	 	Please deliver certificate to the Home Address listed in Section A.
	 	 	Please deliver certificate to the following address:    	 

 

Section C – Form of Payment
– Check or Wire Transfer

 

	 	 	Check payable to Gottbetter & Partners, LLP, as Escrow Agent for Eastern Resources, Inc.
	 	 	Wire funds from my outside account according to the “How to subscribe for Units” Page.
	 	 	The funds for this investment are rolled over, tax deferred from __________ within the allowed 60 day window.

 

Please check if you are a FINRA member or affiliate of a FINRA
member firm: ________

 

	 	 	 
	Investor Signature	 	Date

 

    	 

    	 

    

 

Appendix
A

 

For Non-U.S.
Person Investors

(all Investors who are not a U.S. Person
must INITIAL this section):

 

		Initial _______	The Investor is not a “U.S. Person” as defined
in Regulation S; and specifically the Purchaser is not:

 

		A.	a natural person resident in the United States of America, including its territories and possessions
(“United States”);

		B.	a partnership or corporation organized or incorporated under the laws of the United States;

		C.	an estate of which any executor or administrator is a U.S. Person;

		D.	a trust of which any trustee is a U.S. Person;

		E.	an agency or branch of a foreign entity located in the United States;

		F.	a non-discretionary account or similar account (other than an estate or trust) held by a dealer
or other fiduciary for the benefit or account of a U.S. Person;

		G.	a discretionary account or similar account (other than an estate or trust) held by a dealer or
other fiduciary organized, incorporated, or (if an individual) resident in the United States; or

		H.	a partnership or corporation: (i) organized or incorporated under the laws of any foreign jurisdiction;
and (ii) formed by a U.S. Person principally for the purpose of investing in securities not registered under the Securities Act,
unless it is organized or incorporated, and owned, by accredited investors (as defined in Rule 501(a) under the Act) who are not
natural persons, estates or trusts.

 

And, in
addition:

 

		I.	the Purchaser was not offered the Notes in the United States;

		J.	at the time the buy-order for the Notes was originated, the Purchaser was outside the United States;
and

		K.	the Purchaser is purchasing the Notes for its own account and not on behalf of any U.S. Person
(as defined in Regulation S) and a sale of the Notes has not been pre-arranged with a purchaser in the United States.Exhibit 10.11

 

GENERAL RELEASE AND 

SEPARATION AGREEMENT

 

This General Release
and Termination Agreement (“Agreement”) is made and entered into by and between Upstream Worldwide, Inc., a Delaware
corporation (“UPST”), and Chuck Wallace (the “Employee”). The following confirms the terms and conditions
of a mutually agreed upon General Release and Termination between the Company and the Employee. For purposes of this Agreement,
the term “Company” shall include UPST and all of its affiliates.

 

1.                 
Termination of Employment. The cessation of the Employee’s employment with the Company shall be effective
December 30, 2011 (the “Termination Date”). The Employee will receive all salary and benefits up to and including the
Termination Date. Pay through the Termination Date, in addition to all accrued, but unused PTO time will be paid on the last pay-date
of January 14th, 2011. All compensation and benefits will cease to accrue or be earned by the Employee after the Termination
Date.

 

(a)Additional
Consideration. To be considered as additional consideration for dutifully performing Employee’s obligations under this
Agreement and the Additional Services as defined below, the performance or lack thereof of the Additional Services to be determined
in the sole discretion of the Company, the Employee shall receive salary in full paid until December 30, 2011 as long as this separation
agreement is signed (the “Additional Consideration”):

 

(b)Trade Secrets
of the Company. The Employee acknowledges that he has had access to, and has become acquainted with, various trade secrets
which are owned by the Company, and/or it’s affiliated, related, parent or subsidiary corporations, and which are regularly
used in the operation of the businesses of such entities. The Employee shall not disclose such trade secrets, directly or indirectly,
or use them in any way. All files, contracts, manuals, reports, letters, forms, documents, notes, notebooks, lists, records, documents,
customer lists, vendor lists, purchase information, designs, computer programs and similar items and information, relating to the
business of the Company, whether prepared by the Employee or otherwise, shall remain the exclusive property of the Company.

 

(c)Return of
Property. By the Termination Date, the Employee shall return to the Company all property of such entity that the Employee has
in his possession, custody or control such as, personal computer, office equipment, forms, manuals, documents, client files, computer
disks, personnel files, or any other materials of the Company.

 

(d)Deletion
of Confidential Information. By the Termination Date, the Employee shall delete all Company confidential information from the
Employee’s personal laptops, home computers, PDAs, disks, data storage devices or similar types of property.

 

 

(e)Stock Options. 
On or before Feb 1, 2011, Company will issue Employee common stock ownership rights in the form of an option to purchase 500,000
(five hundred thousand) shares of the Company’s common stock (the “Stock Option”). The Stock Option will include,
among other terms: 1) That the Stock Option is fully vested with the Employee upon issuance as to the entire 500,000 shares; 2)
An exercise price of $.20 (twenty cents) per share; 3) That the Company will provide the means for the Employee to execute a cashless
exercise of the Stock Option through the Company; 4) That the Company will fully register by March 31, 2012, under the Securities
Act of 1933 and all required or applicable State securities laws, all of the 500,000 shares of common stock underlying the Stock
Option; and 5) An exercise period for the Stock Option of 10 (ten) years from the Termination Date.

 

    	 

    	 	

    

 

(f)Additional
Services.  Employee will provide advisory services to the Company pursuant to a separate advisory agreement, for the term
stipulated in that agreement.

 

(g) Termination
Payment. Company shall pay Employee a one-time payment, in addition to any other payments due under this Agreement, of $20,000
(twenty thousand dollars). This payment will be made on January 14th.

 

2.Release of Known
and Unknown Claims by the Employee. In consideration for this Agreement, and excepting only the obligations created in this
Agreement, the Employee hereby releases and discharges the Company and their related, affiliated, parent, and subsidiary entities,
as well as their respective current and former officers, directors, shareholders, employees, representatives, attorneys and agents,
from any and all claims, demands, liabilities, suits or damages, whether known or unknown, of any type or nature including, but
not limited to those claims arising from or in any way related to the Employee’s employment with the Company, or the termination
thereof.

 

This release specifically
includes, without limitation, all claims for wrongful discharge, breach of express or implied contract, defamation, fraud, misrepresentation,
compensatory and/or other relief relating or in any way connected with the terms, conditions, and benefits of employment, discrimination
based on race, color, sex, religion, national origin, age, marital status, handicap and medical condition, and/or all claims arising
under Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act of 1967, the
Rehabilitation Act of 1973, the Civil Rights Acts of 1866 and 1991, 42 U.S.C. § 2000e et seq., the
Americans with Disabilities Act of 1990, the Employee Retirement Income Security Act of 1974, the Equal Pay Act of 1963, the Family
and Medical Leave Act of 1993, the Fair Labor Standards Act of 1938, the Older Workers Benefit Protection Act of 1990, the Occupational
Safety and Health Act of 1970, the Worker Adjustment and Retraining Notification Act of 1989, the Sarbanes-Oxley Act of 2002, the
Florida Civil Rights Act of 1992, the Florida Minimum Wage Act, Florida Workers’ Compensation Law, Florida and Federal Whistleblower’s
Law, COBRA, as well as any other federal, state, or local statute, regulation, or common law regarding
employment, employment discrimination, termination, retaliation, equal opportunity, or wage and hour. 

 

3.No Admission
of Liability. By entering into this Agreement, the Company does not suggest or admit to any liability to the Employee, of any
type or nature, or that it violated any law or any duty or other obligation to the Employee.

 

4.Compliance with
the Age Discrimination in Employment Act of 1967.

 

    	-2-

    	 

    

 

(a)If the Employee
is 40 years of age or older upon the Termination Date, this Section 4(a) shall apply. The Employee acknowledges and agrees that
he was provided twenty-one (21) days to consider this Agreement and to consult with counsel and the Company has advised the Employee
of his right to do so. To the extent that the Employee has taken less than twenty-one (21) days to consider this Agreement, the
Employee acknowledges that he has had sufficient time to consider the Agreement and to consult with counsel and that he did not
desire additional time. The terms of this Agreement will not become effective or enforceable for seven (7) calendar days following
the date of execution of this Agreement by both parties (the “Effective Date”), during which time the Employee may
revoke this Agreement by notifying the undersigned representative of the Company in writing by registered letter.

 

(b)If the Employee
is less than 40 years of age upon the Termination Date, this Section 4(b) shall apply. The terms of this Agreement will become
effective and enforceable on the date of execution of this Agreement by both parties (the “Effective Date”).

 

5.Confidentiality.
The Employee agrees that neither he nor any of his agents or representatives will disclose, disseminate and/or publicize, or cause
or permit to be disclosed, disseminated or publicized, the existence of this Agreement, any of the terms of this Agreement, or
any claims or allegations which the Employee believes he could have made or asserted against the Company, specifically or generally,
to any person, corporation, association or governmental agency or other entity except: (i) to the extent necessary to report income
to appropriate taxing authorities; (ii) in response to an order of a court of competent jurisdiction or subpoena issued under the
authority thereof; or (iii) in response to any inquiry or subpoena issued by a state or federal governmental agency; provided,
however, that notice of receipt of such order or subpoena shall be faxed to Upstream Worldwide, Inc. - attention Daniel Brauser,
(954) 915-1525 within 72 hours of the Employee’s receipt of such order or subpoena, so that the Company will have the opportunity
to assert what rights it has to non-disclosure prior to the Employee’s response to the order, inquiry or subpoena. The Employee
also agrees to maintain all information regarding the Company’s clients or internal Company policies or procedures as strictly
confidential and shall not disclose them to third parties.

 

6.Effect of Violations
by Employee. The Employee agrees and understands that any action by him in violation of this Agreement shall void the Company’s
payment to the Employee of the Additional Consideration and shall require immediate repayment by the Employee of the value of the
Additional Consideration paid to the Employee by the Company pursuant to this Agreement, and shall further require the Employee
to pay all reasonable costs and attorneys' fees in defending any action the Employee brings, plus any other damages to which the
Company may be entitled.

 

7.Non-Disparagement.
The Employee agrees not to disclose any information or make or publish any statement or do any other thing that may tend to harm
or prejudice the reputation or good name of the Company or any of its officers, directors, or employees.  The Employee agrees
not to say or do anything to or in relation to officers, directors, employees, clients, customers, agents, or representatives of
the Company that is adverse or prejudicial to the Company, or inconsistent with the management or policies of the Company.

 

    	-3-

    	 

    

 

8.Non-Solicitation
and Non-Competition

 

(a)     Non-Solicitation
of Employees of the Company. For a period of two years from the Termination Date, the Employee agrees that he shall not, directly
or indirectly, request, recommend or advise any employee of the Company to terminate his employment with the Company, or solicit
for employment or recommend to any third party the solicitation for employment of any person who, at the time of such solicitation,
is employed by the Company.

 

(b)Non-Competition
with the Company. For a period of two years from the Termination Date, the Employee (individually or in association with, or
as a stockholder, director, officer, consultant, employee, partner, joint venturer, member, or otherwise, of or through any person,
firm, corporation, partnership, association or other entity) shall not, directly or indirectly, compete with the Company within
any metropolitan area in the United States or other country in which the Company was actually engaged in business as of the time
of termination of employment or where the Company had a formal plan during the period of the Employee’s employment with the
Company to engage in business within one (1) year of the date of termination of employment.

 

(c)Non-Solicitation
of Customers of the Company. For a period of two years from the Termination Date, the Employee, directly or indirectly, will
not seek nor accept business which is the same or similar to the Company’s business (the “Prohibited Business”)
from any Customer (as defined below) on behalf of any enterprise or business other than the Company, refer Prohibited Business
from any Customer to any enterprise or business other than the Company or receive commissions based on sales or otherwise relating
to the Prohibited Business from any Customer, or any enterprise or business other than the Company. For purposes of this Agreement,
the term “Customer” means any person, firm, corporation, limited liability company, partnership, association or other
entity to which the Company or any of its affiliates sold or provided goods or services during the 12-month period prior to the
time at which any determination is required to be made as to whether any such person, firm, corporation, limited liability company,
partnership, association or other entity is a Customer.

 

 

(d)No Payment. The Employee
acknowledges and agrees that no separate or additional payment will be required to be made to him in consideration of his undertakings
in this Section 8, and confirms he has received adequate consideration for such undertakings.

 

9.No Cooperation
with Third Party Claims Against the Company. The Employee agrees that he will not participate, cooperate or assist any person(s)
or entity with respect to any claim, lawsuit, proceeding or action that any such person or entity may have against the Company,
directly or indirectly.

 

10.Withholding. 
Notwithstanding anything contained herein to the contrary, the Company may withhold from any and all amounts payable to Employee
under this Agreement such federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation.

 

    	-4-

    	 

    

 

11.Waiver and
Modification. The failure to enforce any provision of this Agreement shall not be construed to be a waiver of such provision
or to affect either the validity of this Agreement or the right of any party to enforce the Agreement. This Agreement may be modified
or amended only by a written agreement executed by the Employee and the undersigned representative of the Company.

 

12.Integration.
This Agreement constitutes a single, integrated written contract expressing the entire agreement of the parties hereto relative
to the subject matter hereof. No covenants, agreements, representations, or warranties of any kind whatsoever have been made by
any party hereto.

 

13.Severability.
In the event that any provision of this Agreement should be held to be void, voidable, or unenforceable, the remaining portions
hereof shall remain in full force and effect.

 

14.Applicable
Law and Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida,
without regard to its conflicts of law principles. Any dispute regarding this Agreement or the Employee’s employment shall
be resolved in the Courts located in Broward County, Florida, without a jury (which is hereby expressly waived).

 

15.Headings not
Controlling. Headings are used only for ease of reference and are not controlling.

 

16.Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which together
shall constitute one and the same instrument. The execution of this Agreement may be by actual or facsimile signature.

 

17.Employee Cooperation
with Company. At the request of the Company, the Employee agrees to cooperate with the Company in connection with any litigation,
investigation or regulatory matters in which Employee may have relevant knowledge or information. This cooperation shall include,
without limitation, the following: (i) to meet and confer, at a time mutually convenient to Employee and the Company, the
Company’s attorneys for trial preparation purposes, including answering questions, explaining factual situations, preparing
to testify, or appearing for deposition; (ii) to appear for trial and give truthful trial testimony without the need to serve
a subpoena for such appearance and testimony; (iii) to give truthful sworn statements to the Company’s attorneys upon
their request and, for purposes of any deposition or trial testimony, to adopt the Company’s attorneys as Employee’s
own (provided that there is no conflict of interest that would disqualify the attorneys from representing the Employee), and to
accept their record instructions at deposition.

 

 

 

[Remainder of Page Intentionally Left
Blank]

 

    	-5-

    	 

    
 

 

PLEASE READ CAREFULLY. THIS AGREEMENT
CONTAINS A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.

	Dated: December 27, 2011	/s/ Daniel Brauser
	 	Daniel Brauser
	 	Chief Financial Officer
	 	Upstream Worldwide, Inc.

 

I have carefully read this Agreement and
understand that it contains a release of known and unknown claims. I acknowledge and agree to all of the terms and conditions of
this Agreement. I further acknowledge that I enter into this Agreement voluntarily with a full understanding of its terms.

 

 

	Dated: December 27, 2011	/s/ Chuck Wallace
	 	Chuck Wallace
	 	Address for Notice: 2301 Ray Drive
	 	Burlingame, CA 94010

 

    	-6-

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