Document:

Monaker Group, Inc. 8-K

 

Exhibit 10.2

 

 

MARKETING AND CONSULTING AGREEMENT

This Marketing and Consulting Agreement
(this “Agreement”) is entered into on October 16, 2017 by and between Monaker Group, Inc. a Nevada corporation
(“MKGI”), and Exponential, Inc., a Wyoming corporation (“XPO”).

A.       

XPO has a background in software
development, online marketing, advertising, public relations and lead generation, and is willing to provide services to MKGI based
on this background.

B.       

MKGI desires to have services provided
by XPO.

Therefore, the parties agree as
follows:

1.       

DESCRIPTION OF SERVICES.

a.       

The Services. Beginning
on or around October 16, 2017, XPO will provide the following services (collectively, the “Services”):

i.       

Software Development.
XPO shall develop a white label version of its e-commerce platform dubbed “XPO2” on behalf of MKGI. Said platform shall
carry the name “NextTripRewards” (or similar) and will be hosted under the domain name NextTripRewards.com (NTR) or
similar. Additionally, XPO shall build the API interface that connects all current and future XPO platforms developed on behalf
of third-party clients to MKGI's NextTrip booking engine. Said platform and API shall delivered within 30 calendar days from the
date of signature of this Agreement.

ii.       

Platform Maintenance.
XPO shall maintain NTR on behalf of MKGI and manage all merchant relationships, products and services sold on the platform, as
well as the reporting and accounting of all transactions to MKGI.

iii.       

Payment for Transactions.
XPO shall remit payment for MKGI's share of affiliate transactions within 30 days of receipt of such payments from the various
merchants present on the platform.

 

    	1	 	 

    	 

    

 

iv.

Promotion of MKGI.
XPO shall make every effort to promote MKGI (the Company) as well as MKGI's products and services via the e-commerce platform and
the platform's “Daily Deals” email application.

a. Reporting. XPO shall deliver
detailed campaign activity reports to MKGI, as follows:

Monthly Reports. Monthly activity
reports for all other marketing efforts such as NTR and other.

v.       

Exclusivity. XPO shall grant MKGI exclusivity
as the sole ALR (alternative lodging rentals) provider on its XPO2 platforms.

vi.       

ASO (AppStore Optimization). XPO shall manage the
ASO campaign for the NextTrip's mobile applications currently hosted on the Android Playstore and in the iOS AppStore. The total
gross amount of travel bookings resulting from these marketing efforts shall count towards the performance quota outlined in 3.c.
Below (Commission Compensation).

b.       

Disclosure Materials Approval.
XPO agrees that any and all disclosure materials used to provide the Services (collectively the “Disclosure Materials”)
will be prepared solely from materials publicly available and will be subject to the prior review and reasonable approval of MKGI.
XPO shall submit a final draft of any Disclosure Material to the attention of MKGI’s investor relations representative as
soon as practicable prior to the anticipated date of distribution of such Disclosure Material. MKGI will use reasonable efforts
to notify XPO of its acceptance or rejection of each Disclosure Material, provided, however that if MKGI does not contact XPO prior
to the proposed date of distribution of the Disclosure Material, such Disclosure Material will be deemed rejected and may not be
used, published or disseminated by XPO in any way.

2.       

PERFORMANCE OF SERVICES.

a.       

Implementation Strategies.
XPO shall implement plans and strategies that help client create awareness of its products or services among the worldwide financial
community.

b.       

Marketing Strategy. XPO
shall interact with MKGI management and its investor relations teams to determine the marketing strategy.

c.       

Branding. XPO shall work
with the MKGI public relations team to review branding, positioning of MKGI’s marketing material to insure that said material
have a positive impact on the target market.

d.       

Manner of Services. The
manner in which the Services are to be performed and the specific hours to be worked by XPO shall be determined by XPO. MKGI will
rely on XPO to work as many hours as may be reasonably necessary to fulfill MKGI’s obligations under this Agreement. XPO
agrees that the Services will be rendered in a “workmanlike manner,” consistent with the manner of performance by other
consultants providing the same or similar services as being rendered hereunder.

3.       

PAYMENT. Subject to satisfactory
performance of XPO as described and defined in Sections 1, 2, 7 and 9-13, MKGI will remit a one-time cash fee to XPO for the Services
described as follows:

a.       

Cash Compensation. A
one-time cash fee of US$15,000 to help cover the costs associated with the integration of MKGI's NextTrip (NT) platform into the
XPO white label e-commerce platform. This cash fee shall be paid to XPO as follows:

- $7500 upon signature of this Agreement.

- $7500 upon successful delivery of the platform.

    	2	 	 

    	 

    

 

Additionally, MKGI may elect, at its sole discretion,
to hire XPO for additional software development services beyond the scope of this agreement. The rate for such services shall be
set at $55 per hour.

b.       

Equity Compensation.
150,000 shares of restricted common stock of MKGI (the “Shares”) in compensation for the delivery, maintenance and
optimization of the XPO white label platform as well as other services described under paragraph 1. Said shares shall be issued
upon signature of this agreement.

c.       

Commission Compensation.
An additional, commission based cash compensation shall be due to XPO as long as the criteria outlined below is met during the
course of this agreement:

- from $0 to $2 million in sales generated via NT, no additional
cash compensation shall be due.

- any amount over $2 million in sales generated via
NT shall be commissionable at a flat rate of 5% on all gross travel bookings.

The Commission Compensation shall be tracked
and calculated via NT on a calendar month basis and due to XPO within 30 days after a billing statement has been issued to
MKGI. The calculation of the Commission Compensation shall include any and all sales volume generated via the consumer-facing
mobile applications and marketed via ASO as outlined under article 1.a.vi.

All shares to be issued under this Agreement shall
be issued to Exponential, Inc.

d.       

Extension Compensation.
The initial term of three years of this Agreement can be extended based on mutual written agreement executed by both parties prior
to the expiration of the initial term of this Agreement.

4.       

SUPPORT SERVICES. At the request
of XPO, MKGI will make reasonable efforts to facilitate XPO to perform the duties as described in Section 1 and 2.

5.       

NEW PROJECT APPROVAL. XPO
and MKGI recognize that XPO’s Services will include working on various projects for MKGI. XPO shall obtain the approval of
MKGI prior to the commencement of a new project.

6.       

TERM/TERMINATION. This Agreement
shall be valid for an initial term of three years commencing on October 16, 2017 and ending on October 15, 2020, and can be extended
upon mutual agreement of the parties as provided in Section 3(c).

7.       

REPRESENTATIONS AND WARRANTIES
OF XPO. XPO hereby represents and warrants to MKGI as follows:

a.       

Authorization. This Agreement,
when executed and delivered by XPO, will constitute a valid and legally binding obligation of XPO, enforceable in accordance with
its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or other laws of general application
relating to or affecting enforcement of creditors’ rights.

b.       

Organization of XPO. XPO
is a corporation duly organized, validly existing and in good standing under the laws of the state of Wyoming, USA.

c.       

Accredited Investor. XPO
is an “accredited investor” as defined in Rule 501(a) of Regulation D promulgated by the Securities and Exchange Commission
(the “SEC”) under the Securities Act of 1933, as amended (the “Act”).

d.       

Experience. XPO has substantial
experience in evaluating and investing in non-public transactions of securities in companies similar to MKGI so that it is capable
of evaluating the merits and risks of its investment in MKGI and has the capacity to protect its own interests.

 

    	3	 	 

    	 

    

 

e.       

Investment. XPO is acquiring
the Shares for investment for XPO’s own account, not as a nominee or agent, and not with the view to, or for resale in connection
with, any “distribution” thereof for purposes of the Act. XPO understands that the Shares have not been, and will not
be, registered under the Act by reason of a specific exemption from the registration provisions of the Act, the availability of
which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of such XPO’s representations
as expressed herein.

f.       

Rule 144. XPO acknowledges
that the Shares must be held indefinitely unless subsequently registered under the Act or unless an exemption from such registration
is available. XPO is aware of the provisions of Rule 144 promulgated under the Act which permit limited resale of shares purchased
in a non-public transaction subject to the satisfaction of certain conditions, including, among other things, the existence of
a public market for the Shares, the availability of certain current public information about MKGI, the resale occurring not less
than six months after full consideration for the securities has been paid or given, the sale being effected through a “broker
transaction” or in transactions directly with a “market maker” and the number of shares being sold during any
three-month period not exceeding specified limitations.

g.       

Access to Data. XPO has
had access to the most recent annual report on Form 10-K filed by MKGI with the SEC, and each interim report filed thereafter with
the SEC, has had an opportunity to discuss MKGI’s business, management and financial affairs with MKGI’s management,
and has also had an opportunity to ask questions of MKGI’s officers, which questions were answered to its satisfaction.

h.       

Statutory Disqualification.
Neither XPO nor any of its officers, directors, controlling persons, employees, representatives, agents, affiliates, or any other
person providing Services to MKGI for or on behalf of XPO hereunder is or shall be during the term of this Agreement subject to
statutory disqualification as defined in Section 3(a)(39) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”) or Rule 506(d) under the Act.

i.       

Legends. XPO understands
that each share certificate evidencing the Shares issued hereunder shall be endorsed with substantially the following legends:

THE SHARES OF STOCK REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES ACT, AND MAY NOT BE SOLD OR TRANSFERRED
UNLESS COMPLIANCE WITH THE REGISTRATION PROVISIONS OF SUCH ACTS HAS BEEN MADE OR UNLESS AVAILABILITY OF AN EXEMPTION FROM SUCH
REGISTRATION PROVISIONS HAS BEEN ESTABLISHED, OR UNLESS SOLD PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933, AS AMENDED.

8.       

REPRESENTATIONS AND WARRANTIES
OF MKGI. MKGI hereby represents and warrants to XPO as follows:

a.       

Authorization. This Agreement,
when executed and delivered by MKGI, will constitute a valid and legally binding obligation of MKGI, enforceable in accordance
with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or other laws of general application
relating to or affecting enforcement of creditors’ rights.

b.       

Issuance of the Shares.
The Shares have been duly authorized and, when earned in accordance with this Agreement, will be duly and validly issued, fully
paid and nonassessable, free and clear of all of all liens, encumbrances, interests and restrictions, except for restrictions on
transfer imposed by applicable securities laws.

 

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9.       

CONSULTANT NOT A BROKER-DEALER/
PROHIBITION FROM PARTICIPATION IN THE SALE OF SECURITIES. MKGI acknowledges that XPO is not licensed as a broker-dealer under
applicable federal and state securities laws. Consequently, none of the Services hereunder are intended to be those of a broker-dealer.
Pursuant to Rule 3a4-1 of the Exchange Act, XPO agrees not to perform, and MKGI expressly prohibits XPO from performing the following
services: (a) making any sales of MKGI securities; (b) discussing the price of any MKGI securities; (c) delivering any offering
materials for MKGI securities; (d) discussing the terms, rights or characteristics of any WMTC securities; and (e) discussing any
investment in the business or securities of WMTC, except to direct any inquiries regarding the foregoing to authorized representatives
of MKGI. XPO hereby represents and warrants to MKGI that XPO is not an associated person of a broker or dealer as defined in Rule
3a4-1 of the Exchange Act. At no time shall XPO provide services which would require XPO to be registered or licensed with any
federal or state regulatory body or self-regulating agency.

10.       

CONFIDENTIAL INFORMATION.
XPO recognizes and acknowledges that certain information, including, but not limited to, information pertaining to the financial
condition of MKGI, its systems, methods of doing business, agreements with customers or suppliers, or other aspects of the business
of MKGI or which are sufficiently secret to derive economic value from not being disclosed (hereinafter “Confidential
Information”) may be made available or otherwise come into the possession of XPO by reason of this engagement with MKGI.
Accordingly, XPO agrees that neither it nor any agent, employee, or representative will (either during or after the term of this
Agreement) disclose any Confidential Information to any person, firm, corporation, association, or other entity for any reason
or purpose whatsoever or make use to its or their personal advantage or to the advantage of any third party, of any Confidential
Information, without the prior written consent of MKGI. The parties hereto agree that the provisions of this Section shall not
apply with respect to any information that XPO can document (i) is or becomes (through no improper action or inaction by XPO or
any affiliate, agent, consultant or employee) generally available to the public, or (ii) was in its possession or known by it without
any limitation on use or disclosure prior to the Effective Date. XPO shall, upon termination of this engagement, return to MKGI,
and shall cause his agents, employees, and representatives to return to MKGI, all documents which reflect Confidential Information
(including copies thereof). Notwithstanding anything heretofore stated in this paragraph, XPO’s obligations under this Agreement
shall not, after termination of XPO’s engagement with MKGI, apply to information which has become generally available to
the public without any action or omission of XPO (except that any Confidential Information which is disclosed to any third party
by an employee or representative of MKGI who is authorized to make such disclosure shall be deemed to remain confidential and protectable
under this provision).

11.       

TRADING PRACTICES. So long
as XPO is in possession of any material non-public information of MKGI, XPO shall not, directly or indirectly engage in the purchase
or sale the common stock of MKGI. During the Term of this Agreement, and for a period of one year after the termination of this
Agreement, XPO shall not, directly or indirectly, engage in any short selling activities of the common stock of MKGI.

12.       

INDEPENDENT CONTRACTOR. XPO
agrees that in performing this Agreement, it is acting as an independent contractor and not as an employee, representative, or
agent of MKGI and shall provide all facilities and equipment necessary to fulfill its obligations hereunder. As an independent
contractor, XPO shall make no representation as an agent or employee of MKGI, shall have no authority to bind MKGI or incur other
obligations on behalf of MKGI, and shall not be eligible for any benefits which MKGI may provide to its employees. Likewise, MKGI
shall have no authority to bind or incur obligations on behalf of XPO. All persons hired or retained by XPO to perform this Agreement,
including, but not limited to, its employees, representatives, and agents, shall be employees or contractors of XPO and shall not
be construed as employees or agents of MKGI in any respect. XPO shall be responsible for all taxes, insurance and other costs and
payments legally required to be withheld or provided in connection with XPO’s performance of this Agreement, including without
limitation, all withholding taxes, worker’s compensation insurance, and similar costs. XPO shall abide by all laws, rules,
and regulations pertaining to the Services to be provided hereunder.

13.       

EMPLOYEES. XPO’s employees,
if any, who perform services for MKGI under this Agreement shall also be bound by the provisions of this Agreement.

 

    	5	 	 

    	 

    

 

14.       

MISCELLANEOUS. 

a.       

Notices. Any notice, demand,
request, waiver or other communication required or permitted to be given pursuant to this Agreement must be in writing (including
electronic format) and will be deemed by the parties to have been received (i) upon delivery in person (including by reputable
express courier service) at the address set forth below; (ii) upon delivery by facsimile (as verified by a printout showing satisfactory
transmission) at the facsimile number designated below (if sent on a business day during normal business hours where such notice
is to be received and if not, on the first business day following such delivery where such notice is to be received); (iii) upon
delivery by electronic mail (as verified by a printout showing satisfactory transmission) at the electronic mail address set forth
below (if sent on a business day during normal business hours where such notice is to be received and if not, on the first business
day following such delivery where such notice is to be received); or (iv) upon three business days after mailing with the United
States Postal Service if mailed from and to a location within the continental United States by registered or certified mail, return
receipt requested, addressed to the address set forth below. Any party hereto may from time to time change its physical or electronic
address or facsimile number for notices by giving notice of such changed address or number to the other party in accordance with
this section.

 

	 	If to MKGI at:	Monaker Group, Inc.
	 	 	2690 Weston Road
	 	 	Suite 200
	 	 	Weston, FL 33331
	 	 	Attention: William Kerby
	 	 	Email Address: bkerby@monakergroup.com
	 	 	 
	 	If to XPO at:	Exponential, Inc,
	 	 	20024 Merridy Street
	 	 	Chatsworth, CA 91311
	 	 	Attention: Dom Einhorn
	 	 	Email Address: dom@xpo2.org

 

b.       

Entire Agreement. This Agreement
contains the entire agreement of the parties and there are no other promises or conditions in any other agreement whether oral
or written. This Agreement supersedes any prior written or oral agreements between the parties.

c.       

Amendment. This Agreement
may be modified or amended if the amendment is made in writing and is signed by both parties.

d.       

Severability. If any provision
of this Agreement shall be held to be invalid or unenforceable for any reason, the remaining provisions shall continue to be valid
and enforceable. If a court finds that any provision of this Agreement is invalid or unenforceable, but that by limiting such provision
it would become valid and enforceable, then such provision shall be deemed to be written, construed, and enforced as so limited.

e.       

Waiver of Contractual Right.
The failure of either party to enforce any provision of this Agreement shall not be construed as a waiver or limitation of that
party’s right to subsequently enforce and compel strict compliance with every provision of this Agreement.

f.       

Applicable Law. This Agreement
and the rights and duties of the parties hereto shall be construed and determined in accordance with the laws of the State of Wyoming
(without giving effect to any choice or conflict of law provisions).

 

    	6	 	 

    	 

    

 

g.       

Arbitration. Any controversies
or disputes arising out of or relating to this Agreement shall be resolved by binding arbitration in accordance with the then-current
Commercial Arbitration Rules of the American Arbitration Association. The parties shall select a mutually acceptable arbitrator
knowledgeable about issues relating to the subject matter of this Agreement. In the event the parties are unable to agree to such
a selection, each party will select an arbitrator and the two arbitrators in turn shall select a third arbitrator, all three of
whom shall preside jointly over the matter. The arbitration shall take place at a location that is reasonably centrally located
between the parties, or otherwise mutually agreed upon by the parties. All documents, materials, and information in the possession
of each party that are in any way relevant to the dispute shall be made available to the other party for review and copying no
later than 30 days after the notice of arbitration is served. The arbitrator(s) shall not have the authority to modify any provision
of this Agreement or to award punitive damages. The arbitrator(s) shall have the power to issue mandatory orders and restraint
orders in connection with the arbitration. The decision rendered by the arbitrator(s) shall be final and binding on the parties,
and judgment may be entered in conformity with the decision in any court having jurisdiction. The agreement to arbitration shall
be specifically enforceable under the prevailing arbitration law. During the continuance of any arbitration proceeding, the parties
shall continue to perform their respective obligations under this Agreement. The arbitrators shall award to the prevailing party,
if any, as determined by the arbitrators, all of its costs and fees. “Costs and fees” mean all reasonable pre-award
expenses of the arbitration, including the arbitrators’ fees, administrative fees, travel expenses, out-of-pocket expenses
such as copying and telephone, court costs, witness fees, and attorneys’ fees.

h.       

Full Knowledge. By their signatures,
the parties acknowledge that they have carefully read and fully understand the terms and conditions of this Agreement, that each
party has had the benefit of counsel, or has been advised to obtain counsel, and that each party has freely agreed to be bound
by the terms and conditions of this Agreement. To the extent that a party elects not to consult with such counsel, the party hereby
waives any defense to inadequate representation by counsel.

i.       

Exhibits. Each of the exhibits
referenced in this Agreement is annexed hereto and is incorporated herein by this reference and expressly made a part hereof.

j.       

Effect of Headings. The subject
headings of the sections and subsections of this Agreement are included for convenience only and will not affect the construction
of any of its provisions.

k.       

Survival of Covenants, Etc.
All covenants, representations and warranties made herein shall survive the making of this Agreement and shall continue in full
force and effect until the obligations of this Agreement have been fully satisfied.

l.       

Successors and Assigns. This
Agreement shall be binding upon the parties and their successors and assigns and shall inure to the benefit of the other parties
and successors and assigns.

m.       

Drafting. This Agreement was
drafted with the joint participation of the parties and/or their legal counsel. Any ambiguity contained in this Agreement shall
not be construed against any party as the draftsman, but this Agreement shall be construed in accordance with its fair meaning.

n.       

Counterparts. This Agreement
may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument and shall
become effective when counterparts have been signed by each party and delivered to the other parties hereto, it being understood
that all parties need not sign the same counterpart. Execution may be made by delivery by facsimile or electronically.

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

Monaker Group, Inc. 

 

 

 

	By: 	     /s/ William Kerby	 
	 	William Kerby, CEO	 

 

 

 

Exponential, Inc.

 

 

 

	By: 	     /s/ Dom Einhorn	 
	 	Dom Einhorn, Founder.	 

 

    	8Monaker Group, Inc. 8-K

 

Exhibit 10.3

 

Purchase Agreement

Between
Monaker Group, Inc. (the “Purchaser”)

&

Michael Heinze, Michael Kistner
and Rebecca Dernbach

(collectively the “Seller”)

 

 

This Agreement
is made on this day, the 14th day of November, 2017 between Monaker Group, Inc. (the “Purchaser”) located
at 2690 Weston Road, Suite 200, Weston, FL 33331 and (i) Michael Heinze, (ii) Michael Kistner and Rebecca Dernbach (collectively
the “Seller”) with a principal place of business at 4313 Stanford Street, Chevy Chase, Maryland.

The Purchaser and the Seller are
hereinafter referred to as “Parties” and individually referred to as “Party”.

1.       

Key Terms of the Agreement
are outlined below: 

i.       

GRANT OF RIGHTS: Seller
hereby agrees to sell to the Purchaser a non-exclusive unrestricted copy of the Source Code of Software application or Platform
as detailed in Schedule A to this Agreement.

ii.       

PURCHASE PRICE: Purchaser
agrees to pay Seller the following:

	 	●	$75,000 USD on execution of this Agreement
	 	●	And transfer Shares of the common equity of Monaker Group, Inc.  with a value of  $200,000. Collectively in the name of the Seller on execution of this Agreement.

The Parties mutually agree as under:-

	 	○	The Purchaser shall have access to the Source Code only on receipt of the initial payment of $75,000 USD and receipt of share certificates
	 	○	Seller shall have the right to put the stock to Purchaser in exchange for $125,000 USD after 6 months from signing of Agreement
	 	○	Seller shall have the right to waive put option for up to 6 months from the signing of Agreement
	 	○	If Seller has not waived its put option, Purchaser may offer Shares for sale to others provided the value conveyed to Purchaser is at least $125,000 USD

 

iii.       

MODIFICATONS AND ENHANCEMENTS:
Purchaser is allowed to create derivative works and enhance the software with such work being exclusively owned by the Purchaser.
Purchaser acknowledges that the Seller is entitled to revenue share in the sale or licensing of the derivative work. Should Purchaser
DESIRE TO SELL OR LICENSE such derivative work either to a third party or to any of Purchaser’s affiliates, PURCHASER AND
SELLER WILL ENTER INTO A MUTUALLY AGREED, SEPARATE AGREEMENT FOR REVENUE PARTICIPATION.

iv.       

WARRANTY LIMITATIONS:
THE SOFTWARE AND ITS SOURCE CODE IS PROVIDED “AS IS.” SELLER DISCLAIMS ALL WARRANTIES, INCLUDING BUT NOT LIMITED
TO, ALL EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. SOME STATES DO NOT ALLOW THE EXCLUSION
OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU.

v.       

REMEDY LIMITATIONS:
Seller’s entire liability and Purchaser’s sole and exclusive remedy for breach of the foregoing warranty shall be Seller’s
availability to work with Purchaser under commercially reasonable terms to repair the defects or replace the Software/Source Code.

    	 	Page | 1	 

    	 

    

 

vi.       

DAMAGE LIMITATIONS: NEITHER
PARTY SHALL BE LIABLE TO THE OTHER FOR INDIRECT, SPECIAL, CONSEQUENTIAL OR INCIDENTAL DAMAGES, INCLUDING LOSS OF PROFITS, AND SELLERS’S
LIABILIITY TO PURCHASER FOR ANY OTHER DAMAGES RELATING TO OR ARISING OUT OF THIS AGREEMENT WHETHER IN CONTRACT, TORT, OR OTHERWISE
WILL BE LIMITED TO THE AMOUNT RECEIVED BY SELLER FROM PURCHASER AS COMPENSATION FOR THE SALE OF THE SOURCE CODE DURING THE 3 MONTH
PERIOD IMMEDIATLELY PRIOR TO THE TIME SUCH CLAIM AROSE.

vii.       

CONFIDENTIALITY: Purchaser
will treat the Source Code as a trade secret and proprietary know-how with the same care as it treats its own confidential or proprietary
information.

viii.       

ARBITRATION: The
Parties agree to submit any dispute under this License to binding arbitration under the rules of the American Arbitration Association
in the following location: Chicago, Illinois. Judgment upon the award rendered by the arbitrator may be entered in any court with
jurisdiction to do so.

ix.       

CLOSING CONDITIONS: Conditions
to close include:

(a)

Initial payment of $75,000

3.       

REPRESENTATIONS AND WARRANTIES
OF SELLER. Seller hereby represents and warrants to Purchaser as follows:

a.       

Authorization. 
This Agreement, when executed and delivered by Seller, will constitute a valid and legally binding obligation of Seller, enforceable
in accordance with the Key Terms outlined in section 2 (above), except as limited by applicable bankruptcy, insolvency, reorganization,
moratorium, or other laws of general application relating to or affecting enforcement of creditors’ rights.

b.       

Accredited Investor.
Seller is an “accredited investor” as defined in Rule 501(a) of Regulation D promulgated by the Securities and
Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Act”).

c.       

Investment. Seller
is acquiring the Shares from the sale of the copy of Source Code for Seller’s own account, not as a nominee or agent, and
not with the view to, or for resale in connection with, any “distribution” thereof for purposes of the Act. Seller
understands that the Shares have not been, and will not be, registered under the Act by reason of a specific exemption from the
registration provisions of the Act, the availability of which depends upon, among other things, the bona fide nature of the investment
intent and the accuracy of such Seller’s representations as expressed herein.

d.       

Rule 144. Seller
acknowledges that the common shares in Monaker Group, Inc. (Shares) are restricted and unless they are registered under the Act
the release of shares will be subject to Rule 144 promulgated under the Act which permit limited resale of shares purchased in
a non-public transaction subject to the satisfaction of certain conditions, including, among other things, the existence of a public
market for the Shares, the availability of certain current public information about Purchaser, the resale occurring not less than
six months after full consideration for the securities has been paid or given, the sale being effected through a “broker
transaction” or in transactions directly with a “market maker” and the number of shares being sold during any
three-month period not exceeding specified limitations.

e.       

Statutory Disqualification.
Neither Seller nor any of its officers, directors, controlling persons, employees, representatives, agents, affiliates, or any
other person providing Services to Purchaser for or on behalf of Seller hereunder is or shall be during the term of this Agreement
subject to statutory disqualification as defined in Section 3(a)(39) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”) or Rule 506(d) under the Act.

f.       

Legends. Seller
understands that each share certificate evidencing the Shares issued hereunder shall be endorsed with substantially the following
legends:

THE SHARES OF STOCK REPRESENTED
BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES ACT, AND MAY
NOT BE SOLD OR TRANSFERRED UNLESS COMPLIANCE WITH THE REGISTRATION PROVISIONS OF SUCH ACTS HAS BEEN MADE OR UNLESS AVAILABILITY
OF AN EXEMPTION FROM SUCH REGISTRATION PROVISIONS HAS BEEN ESTABLISHED, OR UNLESS SOLD PURSUANT TO RULE 144 UNDER THE SECURITIES
ACT OF 1933, AS AMENDED.

 

g.       

The Seller has listed the
third-party software used by the Seller in Exhibit A. The Purchaser shall obtain valid licenses for use of all such third-party
software listed in the Exhibit A.

 

    	 	Page | 2	 

    	 

    

 

4.       

REPRESENTATIONS AND WARRANTIES
OF PURCHASER. Purchaser hereby represents and warrants to Seller as follows:

a.       

Authorization:
This Agreement, when executed and delivered by Purchaser, will constitute a valid and legally binding obligation of Purchaser,
enforceable in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or
other laws of general application relating to or affecting enforcement of creditors’ rights.

b.       

Issuance of the Shares:
The Shares have been duly authorized and, when earned in accordance with this Agreement, will be duly and validly issued, fully
paid and nonassessable, free and clear of all of all liens, encumbrances, interests and restrictions, except for restrictions on
transfer imposed by applicable securities laws.

c.       

The Purchaser agrees and
undertakes that in the event the Purchaser delays in making the payment or does not make the payment to the Seller against the
put option exercised by the Seller, the Purchaser shall not have the right to use the Source Code or any derivative work created
by the Purchaser.

5.       

CONFIDENTIAL INFORMATION.
Seller recognizes and acknowledges that certain information, including, but not limited to, information pertaining to the financial
condition of Purchaser, its systems, methods of doing business, agreements with customers or suppliers, or other aspects of the
business of Purchaser or which are sufficiently secret to derive economic value from not being disclosed (hereinafter “Confidential
Information”) may be made available or otherwise come into the possession of Seller by reason of this engagement with
Purchaser. Accordingly, Seller agrees that neither it nor any agent, employee, or representative will (either during or after the
term of this Agreement) disclose any Confidential Information to any person, firm, corporation, association, or other entity for
any reason or purpose whatsoever or make use to its or their personal advantage or to the advantage of any third party, of any
Confidential Information, without the prior written consent of Purchaser.

6.       

TRADING PRACTICES.
So long as Seller is in possession of any material non-public information of Purchaser, Seller shall not, directly or indirectly
engage in the purchase or sale the common stock of Purchaser. During the Term of this Agreement, and for a period of one year after
the termination of this Agreement, Seller shall not, directly or indirectly, engage in any short selling activities of the common
stock of Purchaser.

7.       

MISCELLANEOUS.

a.       

Notices. Any
notice, demand, request, waiver or other communication required or permitted to be given pursuant to this Agreement must be in
writing (including electronic format) and will be deemed by the parties to have been received (i) upon delivery in person (including
by reputable express courier service) at the address set forth below; (ii) upon delivery by facsimile (as verified by a printout
showing satisfactory transmission) at the facsimile number designated below (if sent on a business day during normal business hours
where such notice is to be received and if not, on the first business day following such delivery where such notice is to be received);
(iii) upon delivery by electronic mail (as verified by a printout showing satisfactory transmission) at the electronic mail address
set forth below (if sent on a business day during normal business hours where such notice is to be received and if not, on the
first business day following such delivery where such notice is to be received); or (iv) upon three business days after mailing
with the United States Postal Service if mailed from and to a location within the continental United States by registered
or certified mail, return receipt requested, addressed to the address set forth below. Any party hereto may from time to time change
its physical or electronic address or facsimile number for notices by giving notice of such changed address or number to the other
party in accordance with this section.

 

	 	If to PURCHASER at:	Monaker Group, Inc.
	 	 	2690 Weston Road
	 	 	Suite 200
	 	 	Weston, FL 33331
	 	 	Attention: William Kerby
	 	 	Phone: 888 – 777 - 3333
	 	 	Email
    Address: bkerby@monakergroup.com
	 	 	 
	 	If to SELLER at:	Mike Kistner
	 	 	4313 Stanford Street, 
	 	 	Chevy Chase, Maryland
	 	 	 
	 	 	Phone: 48 665 996 559 or 1 602 723 0017
	 	 	Email Address:  mike.kistner@gmail.com

 

    	 	Page | 3	 

    	 

    

 

b.       

Entire Agreement.
This Agreement contains the entire agreement of the Parties and there are no other promises or conditions in any other agreement
whether oral or written. This Agreement supersedes any prior written or oral agreements between the parties.

c.       

Amendment. This
Agreement may be modified or amended if the amendment is made in writing and is signed by both Parties.

d.       

Severability.
If any provision of this Agreement shall be held to be invalid or unenforceable for any reason, the remaining provisions shall
continue to be valid and enforceable. If a court finds that any provision of this Agreement is invalid or unenforceable, but that
by limiting such provision it would become valid and enforceable, then such provision shall be deemed to be written, construed,
and enforced as so limited.

e.       

Waiver of Contractual
Right. The failure of either Party to enforce any provision of this Agreement shall not be construed as a waiver or limitation
of that Party’s right to subsequently enforce and compel strict compliance with every provision of this Agreement.

f.       

Applicable Law.
This Agreement and the rights and duties of the Parties hereto shall be construed and determined in accordance with the laws
of the State of Illinois (without giving effect to any choice or conflict of law provisions).

g.       

Arbitration. Any
controversies or disputes arising out of or relating to this Agreement shall be resolved by binding arbitration in accordance with
the then-current Commercial Arbitration Rules of the American Arbitration Association. The parties shall select a mutually acceptable
arbitrator knowledgeable about issues relating to the subject matter of this Agreement. In the event the parties are unable to
agree to such a selection, each party will select an arbitrator and the two arbitrators in turn shall select a third arbitrator,
all three of whom shall preside jointly over the matter. The arbitration shall take place at a location that is reasonably centrally
located between the parties, or otherwise mutually agreed upon by the parties. All documents, materials, and information in the
possession of each party that are in any way relevant to the dispute shall be made available to the other party for review and
copying no later than 30 days after the notice of arbitration is served. The arbitrator(s) shall not have the authority to modify
any provision of this Agreement or to award punitive damages. The arbitrator(s) shall have the power to issue mandatory orders
and restraint orders in connection with the arbitration. The decision rendered by the arbitrator(s) shall be final and binding
on the parties, and judgment may be entered in conformity with the decision in any court having jurisdiction. The agreement to
arbitration shall be specifically enforceable under the prevailing arbitration law. During the continuance of any arbitration proceeding,
the parties shall continue to perform their respective obligations under this Agreement. The arbitrators shall award to the prevailing
party, if any, as determined by the arbitrators, all of its costs and fees. “Costs and fees” mean all reasonable pre-award
expenses of the arbitration, including the arbitrators’ fees, administrative fees, travel expenses, out-of-pocket expenses
such as copying and telephone, court costs, witness fees, and attorneys’ fees.

h.       

Full Knowledge.
By their signatures, the parties acknowledge that they have carefully read and fully understand the terms and conditions of
this Agreement, that each party has had the benefit of counsel, or has been advised to obtain counsel, and that each party has
freely agreed to be bound by the terms and conditions of this Agreement. To the extent that a party elects not to consult with
such counsel, the party hereby waives any defense to inadequate representation by counsel.

i.       

Effect of Headings.
The subject headings of the sections and subsections of this Agreement are included for convenience only and will not affect
the construction of any of its provisions.

j.       

Survival of Covenants.
.. All covenants, representations and warranties made herein shall survive the making of this Agreement and shall continue in
full force and effect until the obligations of this Agreement have been fully satisfied.

k.       

Successors and Assigns.
This Agreement shall be binding upon the parties and their successors and assigns and shall inure to the benefit of the other
parties and successors and assigns.

l.       

Counterparts.
This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same
instrument and shall become effective when counterparts have been signed by each party and delivered to the other parties hereto,
it being understood that all parties need not sign the same counterpart. Execution may be made by delivery by facsimile or electronically.

 

    	 	Page | 4	 

    	 

    

 

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

 

SELLER

 

 

 

	By:	/s/ Michael Kistner	 	Dated:  	November 14, 2017	 
	 	By Michael Kistner	 	 	 

(Duly authorized by Michael Heinze and Rebecca Dernbach)

 

 

 

PURCHASER

Monaker
Group, Inc.

 

 

 

	By:	 /s/ Omar Jimenez	 	Dated: 	14 November 2017	 
	 	Omar Jimenez	 	 	 
	 	COO / CFO	 	 	 

 

    	 	Page | 5	 

    	 

    

 

EXHIBIT A

 

 

●

Telerik ASP.NET controls – paid
license

●

iTextSharp – paid license

●

3D Vista – paid license

 

    	 	Page | 6

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