Document:

INDEPENDENT
CONSULTANT AGREEMENT

 

This
Independent Consultant Agreement (this “Agreement”) is dated effective as of the 9th day of October,
2017 (the “Effective Date”).

 

BETWEEN:

 

APPCOIN
INNOVATIONS INC., a corporation duly incorporated under the laws of the state of Nevada with a business address at 3250 Oakland
Hills Court, Fairfield, CA 94534

 

(email:
jgeiskopf@aol.com)

 

(the
“Company”)

 

AND:

 

MICHAEL
A. BLUM, an individual having an address at 2212 Glenbrook Way, Las Vegas, NV 89117

 

(email:
michael.blum@repulsebaycapital.com)

 

(the
“Consultant”)

 

WHEREAS:

 

A.       The
Company is engaged in the business providing services to entities and persons who wish to conduct crypto currency offerings;

 

B.       The
Consultant has considerable expertise in the general management of start-ups, financial and business matters; and

 

C.       The
Company wishes to obtain, and the Consultant wishes to provide, certain services to the Company on the terms and conditions set
out in this Agreement;

 

NOW
THEREFORE, in consideration of the mutual covenants and agreements set forth in this Agreement, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Consultant (each, a “Party”
and, together, the “Parties”) covenant and agree as follows:

 

	1.	Services
    to be Provided
	 	 
	1.1	Commencing
    on the Effective Date, the Consultant will hold the position of Chief Financial Officer and provide such services to the Company
    as are described in Schedule A to this Agreement (the “Services”). The Consultant will also provide any
    other services not specifically mentioned in Schedule A, but which, by reason of the Consultant’s capability, he knows
    or ought to know are necessary to ensure that the best interests of the Company are maintained. The Consultant shall be reasonably
    available to perform the Services required under this Agreement.

 

    	 

    	- 2 -

    

 

	1.2	The
    Consultant will report to the Board of Directors of the Company (the “Board”) and will keep the Board informed
    of all matters concerning the Services as requested by the Board from time to time.
	 	 
	1.3	The
    Consultant will perform the Services to the level of competence and skill one would reasonably expect from someone who has
    skills and experience similar to that of the Consultant. The Consultant shall devote sufficient working time, attention and
    ability in a timely manner to the Business of the Company (as defined herein), and to any associated company, as is reasonably
    necessary for the proper performance of the Services pursuant to this Agreement.
	 	 
	1.4	The
    Consultant will not have any right or authority, express or implied, to commit or otherwise obligate the Company in any manner
    whatsoever, except to the extent specifically authorized by the Board. The Consultant is not authorized to make any representation,
    contract or commitment on behalf of the Company unless, prior to such time, he is specifically authorized in writing to do
    so by the Board.
	 	 
	1.5	The
    Consultant will faithfully, honestly and diligently serve the Company, use his best efforts to promote the best interests
    of the Company and co-operate with the Company, and utilize maximum professional skill and care to ensure that the Services
    are rendered to the satisfaction of the Company.
	 	 
	1.6	The
    Consultant will comply with all applicable rules, laws and regulations, and all applicable Company policies (to the extent
    they have been provided to Consultant by the Company), having application to the carrying out and performance of his obligations
    under this Agreement.
	 	 
	1.7	At
    all times while on the Company’s premises or representing the Company in any other location in connection with the provision
    of the Services, the Consultant will observe the Company’s rules and regulations with respect to conduct, health, safety
    and protection of persons and property.
	 	 
	2.	Independent
    Consultant Relationship
	 	 
	2.1	It
    is expressly agreed that the Consultant’s relationship with the Company is that of an independent contractor in performing
    the Services under this Agreement, and nothing in this Agreement is intended to, or shall be construed to, create a partnership,
    agency, joint venture, employment or similar relationship between the Consultant and the Company.
	 	 
	2.2	The
    Consultant will not be entitled to any of the benefits that the Company may make available to its employees from time to time,
    including, but not limited to, group health or life insurance, profit-sharing or retirement benefits. The Company will not
    pay any contribution to any pension plan, employment insurance or withholding taxes, nor provide any other contributions or
    benefits, which might be expected in an employer-employee relationship on behalf of the Consultant.

 

    	 

    	- 3 -

    

 

	2.3	The
    Consultant is solely responsible for, and will file on a timely basis, all tax returns and payments required to be filed with
    or made to any federal, state or local tax authority with respect to the performance of the Services and the consideration
    therefor under this Agreement.
	 	 
	2.4	The
    Consultant is solely responsible for, and must maintain adequate records of, expenses incurred in the course of performing
    the Services.
	 	 
	2.5	The
    Consultant represents and warrants that the Consultant has the right to provide the Services to the Company without violation
    of obligations to others and that any advice, information and documents given by the Consultant to the Company under this
    Agreement may be used fully and freely by the Company, unless otherwise so designated orally or in writing by the Consultant
    at the time of communication of such information.
	 	 
	3.	CONSIDERATION
    FOR SERVICES
	 	 
	3.1	As
    compensation for carrying out the Services during the term of this Agreement, the Company agrees to pay to the Consultant
    a signing bonus of $25,000, payable within 30 days of the Effective Date, and a consulting fee in the amount of $10,000 per
    month, to be paid on a monthly basis at the end of each month.
	 	 
	3.2	Subject
    to compliance with all applicable securities laws, the Company will grant, within 60 days of the Effective Date, to the Consultant
    stock options in an amount to be determined by the Board, which number is commensurate with the role of Chief Financial Officer.
	 	 
	3.3	Unless
    otherwise waived by the Company, the Consultant will submit monthly reports to the Company showing the amount of hours worked
    by the Consultant on behalf of the Company during that period.
	 	 
	3.4	The
    Consultant may incur expenses in the name of the Company, provided such expenses relate solely to the carrying out of the
    Services pursuant to this Agreement. The Consultant will, as soon as practicable, forward all invoices for expenses incurred
    on behalf of the Company and the Company agrees to pay said invoices within 30 days of receipt. Any expenses of $500 or greater
    incurred by the Consultant in connection with the carrying out of the Consultant’s duties pursuant to this Agreement
    must be approved by the Company in writing prior to the incurring of such expenses by the Consultant, unless pre-approval
    is impractical or impossible.
	 	 
	4.	Term
    and Termination
	 	 
	4.1	This
    Agreement will commence on the Effective Date and will continue for twelve (12) months (the “Term”), unless
    terminated in accordance with Section 4.3 or renewed in accordance with Section 4.2.

 

    	 

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	4.2	Notwithstanding
    Section 4.1, this Agreement will automatically be renewed for subsequent terms of twelve (12) months unless the Company provides
    written notice to the Consultant by no later than 30 days prior to the last day of the applicable Term of its intention to
    not renew this Agreement. If this Agreement is renewed, the Board will perform an annual review of compensation paid to the
    Consultant, at the time such renewal is offered to the Consultant.
	 	 
	4.3	Notwithstanding
    Section 4.1, this Agreement may be terminated at any time by:

 

	 	(a)	the
    Consultant giving at least 30 days advance notice in writing to the Company;
	 	 	 
	 	(b)	the
    Company by giving at least 30 days advance notice in writing to the Consultant; or
	 	 	 
	 	(c)	the
    Company without notice in the event that the Consultant: (i) breaches any term of this Agreement, (ii) neglects the Services
    or any other duty to be performed by the Consultant under this Agreement, (iii) engages in any conduct which is dishonest,
    or damages the reputation or standing of the Company, (iv) is convicted of any criminal act, (v) engages in any act of moral
    turpitude, (vi) files a voluntary petition in bankruptcy, or (vii) is adjudicated as bankrupt or insolvent.

 

	4.4	Upon
    termination of this Agreement for any reason, the Consultant shall promptly deliver the following in accordance with the directions
    of the Company:

 

	 	(a)	a
    final accounting, reflecting the balance of expenses incurred on behalf of the Company as of the date of termination;
	 	 	 
	 	(b)	all
    documents pertaining to the Company or this Agreement, including, but not limited to, all Confidential Information, books
    of account, correspondence and contracts; and
	 	 	 
	 	(c)	all
    equipment and any other property belonging to the Company.

 

	4.5	If
    this Agreement is terminated for any reason set forth in Section 4, then the Consultant will be entitled to the fees earned
    to the effective date of termination and any expenses incurred on behalf of the Company prior to the effective date of termination
    which are otherwise reimbursable by the Consultant pursuant to the terms of this Agreement.
	 	 
	4.6	The
    definitions contained in this Agreement and the rights and obligations contained in this Section 4 and in Sections 5, 6, 7
    and 8 will survive any termination or expiration of this Agreement.
	 	 
	4.7	Upon
    the termination of this Agreement for whatever reason, the Consultant shall upon the request of the Company, immediately resign,
    without claim for compensation or severance of any kind whatsoever, from all offices and directorships held by him in the
    Company or any affiliated company and in the event of their respective failure to do so the Company is hereby irrevocably
    authorized to appoint its designated person in their respective names and on their behalf to execute any documents and to
    do all things requisite to give effect thereto.

 

    	 

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	4.8	The
    Consultant shall not, at any time after the termination of this Agreement, represent himself as being in any way connected
    with or interested in the business of the Company.

 

	5.	Confidentiality
	 	 
	5.1	For
    the purposes of this Agreement, “Confidential Information” means information, whether or not originated
    by the Consultant, that relates to the business or affairs of the Company, its affiliates, clients, sales personnel or suppliers
    and is confidential or proprietary to, about or created by the Company, its affiliates, clients or suppliers (whether or not
    reduced to writing or designated or marked as confidential), including, but not limited to, the following:

 

	 	(a)	any
    technical and non-technical information related to the Company’s business and current, future and proposed products
    and services of the Company, including, without limitation, Company Innovations (as defined herein), Company Property (as
    defined herein) and the Company’s information concerning research, development, design and product details and specifications,
    financial information, procurement requirements, engineering and manufacturing information, and business plans;
	 	 	 
	 	(b)	information
    relating to strategies, research, communications, business plans and financial data of the Company;
	 	 	 
	 	(c)	any
    information of or regarding the Company and its business which is not readily publicly available;
	 	 	 
	 	(d)	work
    product resulting from or related to work or projects performed, or to be performed, for the Company or its affiliates, including,
    but not limited to, the methods, processes, procedures, analysis, techniques and audits used in connection therewith;
	 	 	 
	 	(e)	any
    intellectual property contributed to the Company, and any other technical and business information of the Company and its
    affiliates which is of a confidential, trade secret and/or proprietary character;
	 	 	 
	 	(f)	marketing
    and development plans, price and cost data, price and fee amounts, pricing and billing policies, quoting procedures, marketing
    techniques, methods of obtaining business, forecasts and forecast assumptions and volumes, current and prospective client
    lists, and future plans and potential strategies of the Company that have been or are being discussed;
	 	 	 
	 	(g)	information
    belonging to third parties or which is claimed by third parties to be confidential or proprietary and which the Company has
    agreed to keep confidential; and

 

    	 

    	- 6 -

    

 

	 	(h)	any
    other information that becomes known to the Consultant as a result of this Agreement or the services performed hereunder,
    including information received by the Company from others, that the Consultant, acting reasonably, believes is confidential
    information or that the Company takes measures to protect.

 

	5.2	The
    Consultant’s obligations under this Section 5 do not apply to any Confidential Information that the Consultant can demonstrate:
    (a) was in the public domain at or subsequent to the time the Confidential Information was communicated to the Consultant
    by the Company through no fault of the Consultant; (b) was rightfully in the Consultant’s possession free of any obligation
    of confidence at or subsequent to the time the Confidential Information was communicated to the Consultant by the Company;
    or (c) was independently developed by the Consultant without use of, or reference to, any Confidential Information communicated
    to the Consultant by the Company. A disclosure of any Confidential Information by Consultant in response to a valid order
    by a court or other governmental body or as otherwise required by law will not be considered to be a breach of this Agreement
    or a waiver of confidentiality for other purposes, provided, however, that the Consultant provides prompt prior written notice
    thereof to the Company to enable the Company to seek a protective order or otherwise prevent the disclosure
	 	 
	5.3	The
    Consultant acknowledges that the Confidential Information is a valuable and unique asset of the Company and that the Confidential
    Information is and will remain the exclusive property of the Company. The Consultant agrees to maintain securely and hold
    in strict confidence all Confidential Information received, acquired or developed by the Consultant or disclosed to the Consultant
    as a result of or in connection with the Services. The Consultant agrees that, both during and after the termination of this
    Agreement, the Consultant will not, directly or indirectly, divulge, communicate, use, copy or disclose or permit others to
    use, copy or disclose, any Confidential Information to any person, except as such disclosure may be consented to by prior
    written authorization of the board of directors of the Company.
	 	 
	5.4	The
    Consultant may use the Confidential Information solely to perform the Services for the benefit of Company. The Consultant
    shall treat all Confidential Information with the same degree of care as the Consultant accords to the Consultant’s
    own confidential information, but in no case shall the Consultant use less than reasonable care. The Consultant shall immediately
    give notice to the Company of any unauthorized use or disclosure of the Confidential Information. The Consultant shall assist
    the Company in remedying any unauthorized use or disclosure of the Confidential Information.
	 	 
	5.5	All
    Confidential Information and any materials and items (including, without limitation, software, equipment, tools, artwork,
    documents, drawings, papers, diskettes, tapes, models, apparatus, sketches, designs and lists) that the Company furnishes
    to the Consultant, whether delivered to the Consultant by the Company or made by the Consultant in the performance of the
    Services, and whether or not they contain or disclose Confidential Information (collectively, the “Company Property”),
    are the sole and exclusive property of the Company or the Company’s affiliates, suppliers or customers. The Consultant
    agrees to treat the Company Property with the same degree of care as the Consultant treats its own property, but in no case
    shall the Consultant use less than reasonable care. Within five (5) days after any request by the Company, the Consultant
    shall destroy or deliver to the Company, at the Company’s option: (a) all Company Property and (b) all materials and
    items in the Consultant’s possession or control that contain or disclose any Confidential Information. The Consultant
    will provide the Company a written certification of the Consultant’s compliance with the Consultant’s obligations
    under this Section 5.5.

 

    	 

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	5.6	During
    the term of this Agreement, the Consultant will not accept work, enter into a contract or accept an obligation in breach of
    the Consultant’s obligations under Section 7 of this Agreement, or the scope of the Services to be rendered for Company,
    under this Agreement. The Consultant warrants that, to the best of the Consultant’s knowledge, there is no other existing
    contract or duty on the Consultant’s part that conflicts with or is inconsistent with this Agreement.
	 	 
	5.7	The
    Consultant represents and warrants that the Consultant has not used and will not use, while performing the Services, any materials
    or documents of another company which the Consultant is under a duty not to disclose. The Consultant understands that, while
    performing the Services, the Consultant shall not breach any obligation or confidence or duty the Consultant may have to any
    current or former client or employer. The Consultant represents and warrants that it will not, to the best of its knowledge
    and belief, use or cause to be incorporated in any of the Consultant’s work product, any data software, information,
    designs, techniques or know-how which the Consultant or the Company does not have the right to use.
	 	 
	5.8	The
    Consultant will indemnify and hold harmless the Company from and against any and all third party claims, suits, actions, demands
    and proceedings against the Company and all losses, costs, damages, expenses, fees and liabilities related thereto arising
    out of or related to: (a) an allegation that any item, material or other deliverable delivered by the Consultant under this
    Agreement infringes any intellectual property rights or publicity rights of a third party, (ii) an alleged breach by the Consultant
    of any agreement between the Consultant and any third party, or (ii) any negligence by the Consultant or any other act or
    omission of the Consultant, including, without limitation, any breach of this Agreement by the Consultant.
	 	 
	6.	DISCLOSURE
    AND ASSIGNMENT OF WORK RESULTING FROM PROVISION OF SERVICES.
	 	 
	6.1	In
    this Agreement, “Innovations” means all discoveries, designs, developments, improvements, inventions (whether
    or not protectable under patent laws), works of authorship, information fixed in any tangible medium of expression (whether
    or not protectable under copyright laws), trade secrets, know-how, ideas (whether or not protectable under trade secret laws),
    mask works, trademarks, service marks, trade names and trade dress. “Company Innovations” means Innovations
    that: (a) result or derive from the provision of the Services or from the Consultant’s knowledge or use of Confidential
    Information; (b) are conceived or made by the Consultant (individually or in collaboration with others) in the course of provision
    of the Services; (c) result from or derive from the use or application of the resources of the Company, its affiliates or
    suppliers; (d) relate to the Business of the Company or to actual or demonstrably anticipated research and development by
    the Company or its affiliates; or (e) the Consultant, solely or jointly with others, creates, derives, conceives, develops,
    makes or reduces to practice during the Term.

 

    	 

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	6.2	All
    Company Innovations shall be the exclusive property of the Company and the Company shall have sole discretion to deal with
    Company Innovations. The Consultant agrees that no intellectual property rights in the Company Innovations are or shall be
    retained by him. For greater certainty, all work done during the Term by the Consultant for the Company or its affiliates
    is the sole property of the Company or its affiliates, as the case may be, as the first author for copyright purposes and
    in respect of which all copyright shall vest in the Company or the relevant affiliate, as the case may be.
	 	 
	6.3	The
    Consultant agrees to maintain adequate and current records of all Company Innovations, which records shall be and remain the
    property of the Company. The Consultant agrees to promptly disclose and describe to the Company all Company Innovations. The
    Consultant hereby does and will irrevocably assign to the Company or the Company’s designee all of the Consultant’s
    right, title and interest in and to any and all Company Innovations and all associated records.
	 	 
	6.4	In
    consideration of the benefits to be received by the Consultant under the terms of this Agreement, the Consultant hereby irrevocably
    sells, assigns and transfers, and agrees in the future to sell, assign and transfer all right, title and interest in and to
    the Company Innovations and intellectual property rights therein, including, without limitation, all patents, copyright, industrial
    design, circuit topography and trademarks, and any goodwill associated therewith in Canada, the United States and worldwide
    to the Company and the Consultant shall hold all the benefits of the rights, title and interest mentioned above in trust for
    the Company prior to the assignment to the Company, save and except for any moral rights which the Consultant shall waive.
    To the extent any of the rights, title and interest in and to Company Innovations cannot be assigned by the Consultant to
    the Company, the Consultant hereby grants to the Company an exclusive, royalty-free, transferable, irrevocable, worldwide,
    fully paid-up license (with rights to sublicense through multiple tiers of sublicensees) to fully use, practice and exploit
    those non-assignable rights, title and interest, including, but not limited to, the right to make, use, sell, offer for sale,
    import, have made, and have sold, the Company Innovations. To the extent any of the rights, title and interest in and to the
    Company Innovations can neither be assigned nor licensed by the Consultant to the Company, the Consultant hereby irrevocably
    waives and agrees never to assert the non-assignable and non-licensable rights, title and interest against the Company, any
    of the Company’s successors in interest, or any of the Company’s customers.

 

    	 

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	6.5	The
    Consultant agrees to perform, during and after the Term, all acts that the Company deems necessary or desirable to permit
    and assist the Company, at its expense, in obtaining, perfecting and enforcing the full benefits, enjoyment, rights and title
    throughout the world in the Company Innovations as provided to the Company under this Agreement. If the Company is unable
    for any reason to secure the Consultant’s signature to any document required to file, prosecute, register or memorialize
    the assignment of any rights under any Company Innovations as provided under this Agreement, the Consultant hereby irrevocably
    designates and appoints the Company and the Company’s duly authorized officers and agents as the Consultant’s
    agents and attorneys-in-fact to act for and on the Consultant’s behalf and instead of the Consultant to take all lawfully
    permitted acts to further the filing, prosecution, registration, memorialization of assignment, issuance and enforcement of
    rights in, to and under the Company Innovations, all with the same legal force and effect as if executed by the Consultant.
    The foregoing is deemed a power coupled with an interest and is irrevocable.
	 	 
	6.6	If
    the Consultant incorporates or permits to be incorporated any Innovations relating in any way, at the time of conception,
    reduction to practice, creation, derivation, development or making of the Innovation, to the Company’s business or actual
    or demonstrably anticipated research or development but which were conceived, reduced to practice, created, derived, developed
    or made by the Consultant (solely or jointly) either unrelated to the Consultant’s work for Company under this Agreement
    or prior to the Effective Date (collectively, the “Out-of-Scope Innovations”) into any of the Company Innovations,
    then the Consultant hereby grants to the Company and the Company’s designees a royalty-free, transferable, irrevocable,
    worldwide, fully paid-up license (with rights to sublicense through multiple tiers of sublicensees) to fully use, practice
    and exploit all patent, copyright, moral right, mask work, trade secret and other intellectual property rights relating to
    the Out-of-Scope Innovations. Notwithstanding the foregoing, the Consultant agrees that the Consultant shall not incorporate,
    or permit to be incorporated, any Innovations conceived, reduced to practice, created, derived, developed or made by others
    or any Out-of-Scope Innovations into any Company Innovations without the Company’s prior written consent.
	 	 
	7.	NON-INTERFERENCE
    WITH BUSINESS
	 	 
	7.1	In
    this Agreement, “Business of the Company” means the business of providing services for blockchain initial
    coin offerings.
	 	 
	7.2	The
    Consultant agrees that, during the Term, he will not, on his own behalf or on behalf of or in connection with any third party,
    directly or indirectly, in any capacity whatsoever, including, without limitation, as an employer, employee, principal, agent,
    director, officer, joint venturer, partner, shareholder or other equity holder, lender or other debt holder, independent contractor,
    licensor, licensee, franchisor, franchisee, distributor, consultant, financier, supplier or trustee, or by or through any
    company, cooperative, partnership, trust, unincorporated association or otherwise, anywhere in North America:

 

	 	(a)	carry
    on, be engaged in, have any financial or other interest in or be otherwise commercially involved in any endeavour, activity
    or business which is in competition with the Business of the Company;
	 	 	 
	 	(b)	canvass
    or solicit the business of (or procure or assist the canvassing or soliciting of the business of) any customer, prospective
    customer or supplier of the Company to supply or purchase any goods or services that are substantially the same as or in competition
    with goods or services supplied in the Business of the Company;

 

    	 

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	 	(c)	accept
    (or procure or assist the acceptance of) any business from any customer, prospective customer, sales personnel or supplier
    that is substantially the same as or in competition with the Business of the Company; or
	 	 	 
	 	(d)	supply
    (or procure or assist the supply of) any goods or services to any customer, prospective customer, sales personnel or supplier
    that are substantially the same as or in competition with the goods or services supplied in the Business of the Company.

 

	7.3	During
    the Term, and for a period of one (1) year immediately following the termination or expiration of this Agreement, the Consultant
    agrees not to solicit or induce any customer, prospective customer, supplier, sales personnel, employee or independent contractor
    involved with the Company to terminate or breach any employment, contractual or other relationship with Company, or to otherwise
    discontinue or alter such third party’s relationship with the Company.
	 	 
	7.4	During
    the Term, and for a period of six (6) months immediately following the termination or expiration of this Agreement, the Consultant
    agrees not to, on his own behalf or on behalf of or in connection with any third party, directly or indirectly, in any capacity
    whatsoever, engage in any pattern of conduct that involves the making or publishing of written or oral statements or remarks
    (including without limitation the repetition or distribution of derogatory rumours, allegations, negative reports or comments)
    which are disparaging, deleterious or damaging to the integrity, reputation or goodwill of the Company or any of its affiliates,
    officers, directors, employees, consultants or advisors.
	 	 
	8.	General
	 	 
	8.1	This
    Agreement contains the entire Agreement and obligation between the Parties with respect to its subject matter. No amendment
    to this Agreement will be valid or effective unless in writing and signed by both Parties.
	 	 
	8.2	The
    Parties agree that the Consultant’s obligations under this Agreement are of a unique character that gives them particular
    value, and that the Consultant’s breach of any of these obligations will cause irreparable and continuing damage to
    the Company for which money damages are insufficient. The Company is entitled to injunctive relief, a decree for specific
    performance, and all other relief as may be proper (including money damages if appropriate), without the need to post a bond.
	 	 
	8.3	The
    Consultant acknowledges that the restrictions contained in Section 5, 6 and 7 are, in view of the nature of the Business of
    the Company, reasonable and necessary to protect the legitimate interests of the Company, that the Company would not have
    entered into this Agreement in the absence of such restrictions and that any violation of any provision of those Sections
    could result in irreparable injury to the Company. The Consultant agrees that, in the event it violates any of the restrictions
    referred to in Section 5, 6 and 7, the Company shall be entitled to such injunctive relief or other remedies at law or in
    equity which the Court deems fit.

 

    	 

    	- 11 -

    

 

	8.4	The
    Consultant expressly acknowledges that this Agreement is reasonable and valid in all respects and irrevocably waives (and
    irrevocably agrees not to raise) as a defence any issue of reasonableness in any proceeding to enforce any provision of this
    Agreement, the intention of the Parties being to provide for the legitimate and reasonable protection of the interests of
    the Company by providing, without limitation, for the broadest scope, the longest duration and the widest territory allowable
    by law.
	 	 
	8.5	The
    Consultant agrees to indemnify the Company from all losses, claims, actions, damages, assessments or demands (including reasonable
    legal fees and expenses) which result from negligent acts or omissions of the Consultant in providing the Services. Notwithstanding
    the foregoing, the Company agrees that the Consultant will be covered by the Company’s Directors & Officers and
    Employment Practices Liability Insurance, once such insurance is obtained by the Company.
	 	 
	8.6	Any
    notice, request, demand or other communication hereunder shall be in writing and shall be delivered as follows, with notice
    deemed given as indicated: (a) by personal delivery, when actually delivered; (b) by overnight courier, upon written verification
    of receipt; (c) by facsimile or email, when sent, if sent during normal business hours of the recipient, and if not sent during
    normal business hours, then on the recipient’s next business day; or (e) by certified or registered mail, return receipt
    requested, upon verification of receipt. Notice shall be sent to the addresses set forth on the first page of this Agreement
    or to such other address as either Party may advise the other in writing from time to time in accordance with this Section
    8.6.
	 	 
	8.7	Each
    Party will be responsible for all of its own expenses, legal and other professional fees, disbursements, and all other costs
    incurred in connection with the negotiation, preparation, execution and delivery of this Agreement and all documents and instruments
    relating hereto. The Parties agree that they have had adequate opportunity to seek independent legal advice with respect to
    the subject matter of this Agreement, and have either obtained such advice or consciously chosen not to do so with full knowledge
    of the risks associated with not obtaining such legal advice.
	 	 
	8.8	If
    any provision of this Agreement, including as to term or geographical area, is held to be illegal, invalid or unenforceable
    under present or future laws by any court of competent jurisdiction, such illegality, invalidity or unenforceability shall
    not affect the legality, enforceability or validity of any other provisions of this Agreement or of the same provision as
    applied to any other fact or circumstance, and such illegal, unenforceable or invalid provision shall be modified to the minimum
    extent necessary to make such provision legal, valid or enforceable.
	 	 
	8.9	Time
    shall be of the essence of this Agreement.
	 	 
	8.10	The
    Consultant may not sell, assign or transfer any rights or interests created under this Agreement or delegate any of the Consultant’s
    duties without the prior written consent of the Company.

 

    	 

    	- 12 -

    

 

	8.11	The
    headings in this Agreement are inserted for convenience of reference only and shall not affect the construction or interpretation
    of this Agreement. Wherever the singular or masculine or neuter is used in this Agreement, the same shall be construed as
    meaning the plural or feminine or a body politic or corporate and vice versa where the context so requires.
	 	 
	8.12	This
    Agreement will be governed by and construed in accordance with the laws of the State of Nevada, and the federal laws of United
    States of America applicable therein, and each Party irrevocably submits to the exclusive jurisdiction of courts of competent
    jurisdiction in the State of Nevada.
	 	 
	8.13	This
    Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which
    taken together shall be deemed to constitute one and the same instrument. Counterparts may be executed either in original
    or electronic form and the Parties agree that any signature delivered by electronic transmission will be deemed to be the
    original signature of the delivering Party.
	 	 
	8.14	Unless
    otherwise provided, all dollar amounts referred to in this Agreement are in lawful money of United States.

 

IN
WITNESS WHEREOF, the Parties have signed this Agreement as of the day and year first written above.

 

APPCOIN
INNOVATIONS INC.

 

	Per:	/s/
    Jimmy Geiskopf	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	SIGNED,
    SEALED AND DELIVERED BY 	)	 
	MICHAEL
    A. BLUM IN THE PRESENCE 	)	 
	OF:	)	 
	 	)	 
	 	)	 
	Witness
    Signature	)	 
	 	)	/s/
    Michael Blum
	Witness
    Name	)	MICHAEL
    A. BLUM
	 	)	 
	Witness
    Address	)	 
	 	)	 
	 	)	 
	 	)	 
	Witness
    Occupation		 

 

    	 

     

    

 

SCHEDULE
A

 

SERVICES

 

Defined
terms used but not otherwise defined in this Schedule A have the meaning ascribed thereto in the Independent Consultant Agreement
dated effective October 1, 2017 (the “Agreement”) between Michael A. Blum (the “Consultant”)
and AppCoin Innovations Inc. (the “Company”) of which this Schedule A forms part.

 

The
Services to be provided by the Consultant under the Agreement are as follows:

 

	 	(a)	financial
    reporting, including oversight of preparation of financial statements, reports and disclosure documents, coordination with
    any outside accountant or auditor in the preparation of any regulatory disclosure documents, and certifying required regulatory
    filings with applicable securities commissions and stock exchanges;
	 	 	 
	 	(b)	economic
    strategy and forecasting, including studying, analyzing and reporting on trends and opportunities for expansion and projection
    of Company growth and acquisitions or research;
	 	 	 
	 	(c)	preparation
    for and analyzing of, or preparing budgets for, the Company’s business activities;
	 	 	 
	 	(d)	undertaking
    financing activities and supervising the Company’s investments;
	 	 	 
	 	(e)	overseeing
    the Company’s accounting, which will include reviewing and payment of expense reports and all other Company expenses,
    and monitoring income of the Company and its affiliates;
	 	 	 
	 	(f)	reviewing
    communications Company personnel have with outside parties that may affect any existing and future investments of, or funding
    for, the Company;
	 	 	 
	 	(g)	contributing
    to establishing and managing the Company’s legal and compliance infrastructure; and
	 	 	 
	 	(h)	such
    other activities as are reasonably directed by the Board.APPCOIN
INNOVATIONS INC.

561
INDIANA COURT

VENICE,
CA 90291

 

BUSINESS
SERVICES AGREEMENT

 

December
29, 2017

 

WENN
Digital Inc. (the “Client”)

c/o
561 Indiana Court

Venice,
CA 90291

 

AppCoin
Innovations Inc., (ACI) is pleased to provide a range of services to Client.

 

The
attached Business Services Agreement (BSA), along with Schedule A describe the specifics of the working relationships and the
business services, and the scope of work that will be provided to Client by the ACI team.

 

We
look forward to continuing to work with you and would be pleased to provide any additional information you may request. Please
contact the undersigned if you require any clarification.

 

Sincerely,

 

	/s/ Michael
Blum	

 

Michael
Blum

Chief
Financial Officer

AppCoin
Innovations Inc.

 

    	 	 	 

    	 	-2-	 

    

 

THIS
BUSINESS SERVICES AGREEMENT is entered into effective on December 29, 2017.

 

BETWEEN:

 

AppCoin
Innovations Inc.

a
corporation having its office located

at
561 Indiana Court, Venice, CA 90291

 

(“ACI”)

 

AND

 

WENN
Digital Inc.

a
corporation having its office located

c/o
561 Indiana Court, Venice, CA 90291

 

(the
“Client”)

 

WHEREAS:

 

A.       The
Client wishes to conduct an initial coin offering (an “ICO”);

 

B.       In
order to achieve its corporate and business objectives, the Client desires and has agreed to retain the services of ACI to provide
the services and complete the duties described on Schedule “A” attached hereto and ACI agrees to provide such services
to the Client, in accordance with the terms and conditions contained herein; and

 

C.       The
parties desire that the Services (as defined below) shall be provided by ACI directly to the senior executive officers and management
team employed by the Client of the Client.

 

NOW
THEREFORE in consideration and mutual covenants herein contained and such good and other consideration, the receipt and sufficiency
of which is acknowledged by each of ACI and the Client (each, a “Party” and collectively, the “Parties”),
the Parties hereto agree as follows:

 

	 	1.	Services,
    Term and Compensation. The term of this Agreement (the “Term”), the services to be provided by ACI under this
    Agreement (the “Services”) and the amounts to be paid to ACI as full and complete consideration for ACI providing
    the Services under this Agreement (the “Fees”), are set out in the attached Schedule “A”, which forms
    part of this Agreement.
	 	 	 
	 	 	This
    Agreement shall come into force and effect as of the date set out first above, and shall continue in effect until the end
    of the Term identified in Schedule “A”, unless one of ACI or the Client terminates this Agreement in accordance
    with its provisions. Except as otherwise provided herein, or in Schedule hereto, the Term may be renewed, varied or extended
    only by a written instrument executed by both the Client and ACI. In the event of the expiration or termination of this Agreement,
    the Client agrees to pay to ACI any and all unpaid Fees and expenses (as set forth herein) in full.
	 	 	 
	 	2.	Independent
    Contractor. Subject to the terms and conditions of this Agreement, the Client hereby engages ACI as an independent contractor
    to perform the Services, and ACI hereby accepts such engagement. It is expressly agreed that ACI is acting as an independent
    contractor in performing the Services hereunder.
	 	 	 
	 	3.	Nature
    of Engagement. ACI shall perform the Services as an independent contractor, and nothing contained in this Agreement shall
    be construed to create or imply a joint venture, partnership, principal agent, or employment relationship between the Client
    and ACI. Unless the Client specifically authorizes ACI in writing to do so, ACI shall neither act or purport to be acting
    as the agent of the Client, nor enter into any agreement on behalf of the Client or otherwise bind, nor purport to bind the
    Client or cause the Client to incur liability in any manner whatsoever. All final decisions with respect to Services provided
    by ACI hereunder shall be entirely the Client’s to make, and ACI shall have no liability relating to or arising from
    the Client’s decisions. It is understood that ACI’s responsibility to the Client is solely contractual in nature
    and that ACI does not act in a fiduciary capacity in relation to the Client as a result of this Agreement.
	 	 	 
	 	 	With
    the prior written consent of ACI, not to be unreasonably withheld, nothing in this Agreement shall prohibit the Client, or
    any entity chosen by the Client, from performing some or all of the functions of ACI herein. It is recognized that ACI will
    expend significant time and commit considerable resources to the Client. The Services are not exclusive to the Client however,
    and ACI may render similar services to other parties both during and after the Term.

 

    	 	 	 

    	 	-3-	 

    

 

	 	4.	Third
    Party Expenses. Prior written approval of the Client is required for ACI to incur expenses that may not be covered under
    Schedule A. The Client is responsible for paying specific disbursements charged by third parties to ACI relating to
    this Agreement, including graphic design, creative, legal and other advisory fees. The Client further agrees to reimburse
    ACI for any out-of-pocket expenses incurred by ACI in connection with this Agreement and carrying out the Services within
    thirty (30) days of presentation of reasonably itemized invoices to the Client as set forth in clause 5 below.
	 	 	 
	 	5.	Billing.
    Accounts, including out-of-pocket expenses, will be rendered by ACI on a monthly basis. Accounts are due when rendered
    and payable within thirty (30) days from the date of the account.
	 	 	 
	 	6.	Information
    Provided to ACI. The Client agrees ACI is entitled to rely (without independent verification)
    upon any information provided by the Client in relation
    to this Agreement, including, without limitation, information with respect to the assets, liabilities, earnings, earning potential,
    financial condition, historical performance, future prospects and financial projections, and any assumptions used in the development
    of such projections furnished by the Client or any individual on behalf of the Client, and ACI is entitled to assume that
    all such information is true, correct and complete in all material respects and does not contain any untrue statements of
    material fact or omit to state a material fact necessary to ensure the information supplied is not misleading. ACI is not
    liable or responsible for any loss or damage suffered by the Client or others if any misstatement, error or omission in any
    material, information, document or representation supplied or approved by the Client. If at any time during the effectiveness
    of this Agreement, the Client or any of the Client’s agents or advisors becomes aware of any material change in any
    of the information previously furnished to ACI, the Client will promptly advise ACI of the change.
	 	 	 
	 	7.	Confidentiality.

 

	 	a)	For
    the purpose of this section, the term “Confidential Information” includes, but is not limited to, all business
    and financial information, marketing and strategic plans, equipment details, software programs, manuals, maps, customer and
    client lists, employee information, supplier information, analyses, reports, technologies, processes and operations, compilations,
    forecasts, studies. lists, summaries, notes, designs, formulae, innovations, techniques, data, patents and trade secrets of
    the Client, as well as the present and contemplated products, techniques and other services evolved or to be used by the Client.
    Confidential Information does not include such portions of the Confidential Information which: (i) are, or prior to the time
    of disclosure or utilization become, generally available to the public; (ii) are received by ACI from an independent third
    party who had obtained the Confidential Information lawfully and was, to the best of ACI’s knowledge, under no obligation
    of secrecy or duty of confidentiality owed to the Client; (iii) ACI can show was in ACI’s lawful possession before ACI
    received such Confidential Information from the Client, or (iv) ACI can show that such Confidential Information was independently
    developed by ACI having no access to the Confidential Information at the time of its independent development.
	 	 	 
	 	b)	In
    the course of performing the Services, ACI acknowledges and understands that it will have access to and will be entrusted
    with Confidential Information which is not public, but is proprietary and confidential to the Client. ACI shall keep the Confidential
    Information strictly confidential and shall take all necessary precautions against unauthorized disclosure of the Confidential
    Information during the Term of this Agreement and thereafter. ACI shall not use or reproduce any Confidential Information,
    in any manner, except as reasonably required to perform the Services and/or fulfill the purposes of this Agreement. ACI shall
    ensure that any copies of Confidential Information it takes or makes are clearly marked, or otherwise identified as confidential
    and proprietary to the Client, and that all Confidential Information and copies thereof are stored in a secure location while
    in ACI’s possession, control, charge or custody.
	 	 	 
	 	c)	ACI
    hereby agrees and acknowledges that the disclosure of any of the Confidential Information to competitors of the Client or
    to the general public would be highly detrimental to the best interests of the Client. Accordingly, ACI covenants and agrees
    with the Client that, save with the written consent of the Client, it will not, either during the Term of this Agreement,
    or at any time thereafter, directly or indirectly, disclose, allow access to, transmit or transfer any of such Confidential
    Information to any person other than its directors, officers, employees, consultants, agents and advisers or to similar representatives
    of the Client, nor shall it use the same for any purpose other than the purposes of performing the Services to be performed
    by ACI under this Agreement.
	 	 	 
	 	d)	ACI
    acknowledges that it shall not acquire any right, title or interest in or to any Confidential Information by virtue of it
    having access to same during the Term of this Agreement.

 

    	 	 	 

    	 	-4-	 

    

 

	 	e)	In
    the event ACI is requested or required pursuant to any Court order, or other legal or regulatory demand, to disclose any Confidential
    Information to a third party, ACI agrees that it will provide the Client with prompt notice of such request or requirement
    so that the Client, at its option, may seek an appropriate protective order or other remedy to ensure that Confidential Information
    will be accorded confidential treatment.
	 	 	 
	 	f)	Upon
    termination or expiry of this Agreement, for whatever reason, ACI agrees to:

 

	 	(i)	deliver
    to the Client, or destroy, all Confidential Information and copies thereof which are in its power or possession which relate
    in any way to the business of the Client, or its customers; and
	 	 	 
	 	(ii)	remove
    any Confidential Information from ACI’s computers, or computer databases that may have been created in the course of
    performing ACI’s Services under this Agreement (other than information stored on back-up servers pursuant to retention
    of files laws and policies) and certify the return or destruction of all documents containing Confidential Information.

 

	 	8.	Ownership
    of Work Product. Any and all Work Product conceived, developed, reduced to practice or a definite and practical shape,
    invented, authored, wrote, created, produced or otherwise generated on behalf of ACI or by any employee, agent, contractor,
    representative or other individual acting on behalf of ACI (“ACI Personnel”) in connection with the performance
    of the Services will be the exclusive property of the Client. ACI shall assign and waive, and shall cause to be assigned or
    waived at ACI’s expense, any right, title and interest in and to the Work Product to or in favour of the Client. In
    this Agreement, “Work Product” includes, without limitation, any and all of the following: (a) any invention,
    process, formula, algorithm, specification, technique, concept, idea, method, diagnostic, compound, development, composition,
    apparatus, machine, test, design, trade secret, know how or any improvement, modification, thereto or any issued patent, industrial
    design or application therefor applied for, issued or granted in any jurisdiction anywhere in the world, including but not
    limited to reissues, divisions, continuations, continuations-in-part, re-examinations, renewals and substitutes thereof, foreign
    counterparts of the foregoing, including, without limitation, the right to apply for Letters Patent in the United States,
    Canada and all other countries throughout the world and all rights to claim priority based on said applications under the
    terms of any international convention, and all rights in the United States, Canada and all other countries throughout the
    world to sue and recover for past or future infringement of such rights; (b) trade names, trademarks, trade secrets, service
    names, service marks, business names, product names, brands, logos and other distinctive identifications used in commerce,
    whether in connection with products or services, and the goodwill associated with any of the foregoing; (c) original works
    of authorship, derivative works and other copyrightable works of any nature, and fixations of any of the foregoing; (d) computer
    software or code of any type (whether source code or object code) in any programming or markup language, underlying any type
    of computer programming (whether application software, middleware, firm ware or system software) including, but not limited
    to, applets, assemblers, compilers, design tools, and user interfaces, databases and fixations thereof;(e) uniform resource
    locators, website addresses, domain names, website content and all fixations thereof; and (f) any other intellectual and industrial
    property in and to the foregoing, which is recognized under the law of any jurisdiction anywhere in the world, whether under
    common law, by statute or otherwise. Notwithstanding the foregoing, certain of the deliverables may incorporate ACI’s
    processes, procedures, forms and other information, which shall be the property of ACI (“ACI Property”),
    and ACI grants the Client a non-exclusive, irrevocable, royalty-free, fully paid-up license, with the right to use the same.
	 	 	 
	 	9.	Moral
    Rights. ACI acknowledges and agrees that the Client may use, alter, vary, adapt and exploit any Work Product as the Client
    sees fit, in its sole and unfettered discretion. Except with respect to the ACI Property, at its own expense, ACI shall cause
    to be assigned, waived or released any and all rights including, but not limited to, all moral rights (as defined under the
    Copyright Act (Canada)), in or otherwise relating to any Work Product in favour of the Client, its successor and assigns.
	 	 	 
	 	10.	Further
    Assurances. At the requested of the Client, ACI will promptly do all acts and execute and deliver to the Client all instruments
    that may be required to effect, register, record, or otherwise perfect the interest of the Client in or relating to Work Product,
    and ACI will cause the ACI Personnel to do the same.
	 	 	 
	 	11.	Conflicts.
    ACI assists other companies and individuals, some of whom may, on occasion, be competitors or adverse in interest to the
    Client. ACI will not disclose to others any sensitive, proprietary or otherwise Confidential Information of a non-public nature
    concerning or affecting the Client’s affairs, unless such disclosure is authorized by the Client or required to defend
    ACI against any claim, action, suit, or proceeding, or to the extent such disclosure is required by any applicable law or
    regulation.

 

    	 	 	 

    	 	-5-	 

    

 

	 	12.	Announcements.
    Provided the Client has provided its prior written consent, not to be unreasonably withheld, ACI may, subject to compliance
    with paragraph 7 hereof, disclose the existence of this Agreement to certain persons and entities selected by ACI and in certain
    electronic and print publications, including ACI’s website. In accordance with all applicable laws, including the Client’s
    disclosure obligations under applicable securities laws, the Client is expressly permitted to make any required disclosures
    of this Agreement, including the material terms hereof.
	 	 	 
	 	13.	Legal
    and Tax Advice. ACI will not provide or be responsible for obtaining legal or tax advice with respect to the Client, nor
    any other legal and regulatory requirements and issues which may arise pursuant to this Agreement. The Client is responsible
    for ensuring compliance with all of the Client’s legal and regulatory requirements in connection with all aspects of
    this Agreement.
	 	 	 
	 	14.	Best
    Efforts/Timely Performance. ACI will use all reasonable efforts to perform the Services described in Schedule “A”
    to this Agreement within the time-frame agreed upon by the Parties. Neither the execution and/or delivery of this Agreement,
    nor the provision of Services hereunder constitutes a guarantee or commitment, express or implied, on the part of ACI, as
    to the timeliness of ACI’s performance of the Services. Further, ACI shall not be liable for failures or delays in performance
    that arise from causes beyond ACI’s control.
	 	 	 
	 	15.	Indemnification.

 

	 	a)	The
    Client shall indemnify ACI, its shareholders, directors, officers, employees, contractors, agents and other representatives
    (in each case, an “ACI Indemnitee”) from and against all losses, damages, costs and expenses, and hold
    such ACI Indemnitee harmless from and against any and all claims, liabilities, demands, actions, causes of action, lawsuits
    and proceedings which may be made or brought against or suffered by an ACI Indemnitee, or which it may suffer or incur as
    a result of, in respect of or arising out of, the performance of the Services. Notwithstanding the foregoing, no ACI Indemnitee
    shall be entitled to any indemnification by the Client for or in respect of any act, matter or omission caused by : (i) fraud,
    wilful misconduct, bad faith or gross negligence; (ii) violation of applicable laws; or (iii) a breach of this Agreement.
	 	 	 
	 	b)	ACI
    shall indemnify and hold harmless the Client, its shareholders, directors, officers, employees, contractors, agents and other
    representatives (in each case, a “Client Indemnitee”) from and against all losses, damages, costs and expenses,
    and hold such Client Indemnitee harmless from and against any and all claims, liabilities, demands, actions, causes of action,
    lawsuits and proceedings which may be made or brought against or suffered by a Client Indemnitee, which it may suffer or incur
    as a result of, in respect of or arising out of any act, matter or omission caused by ACI or any representative thereof: i)
    fraud, wilful misconduct, bad faith or gross negligence; (ii) violation of applicable laws; or (iii) a breach of this Agreement.

 

	 	16.	Non-Solicitation.
    During the Term and for a period of one (1) year thereafter, the Client will not directly or indirectly recruit, solicit
    or hire any employee or contractor of ACI, or induce or attempt to induce any employee or contractor of ACI to terminate his/her/its
    employment or contractual relationship with, or otherwise cease his/her/its relationship with ACI. During the Term and for
    a period of one (1) year thereafter, ACI will not directly or indirectly recruit, solicit or hire any employee of the Client,
    or induce or attempt to induce any employee of the Client to terminate his/her employment with, or otherwise cease his/her
    relationship with the Client.
	 	 	 
	 	17.	Successors
    and Assigns. This Agreement and all obligations and benefits of the Client and ACI shall bind the Client and ACI and any
    of the respective successors and assigns of either.
	 	 	 
	 	18.	Termination
    on Notice.

 

	 	a)	Either
    ACI or the Client may terminate this Agreement at any time upon the provision of thirty (30) days written notice to the other
    party.
	 	 	 
	 	b)	If
    ACI provides such notice, the Client shall, in its sole discretion, have the right to immediately terminate the Agreement
    and ACI will be entitled to no further compensation except for any Fees earned and out-of-pocket expenses incurred prior to
    the effective date of the termination of this Agreement.
	 	 	 
	 	c)	If
    the Client provides such notice, ACI shall, in its sole discretion, have the right to immediately terminate the Agreement
    and ACI will be entitled to no further compensation except the following lump sum payments:

 

    	 	 	 

    	 	-6-	 

    

 

	 	i)	any
    Fees earned to the effective date of termination;
	 	 	 
	 	ii)	out
    of pocket expenses incurred prior to the effective date of termination which are otherwise reimbursable by the Client pursuant
    to the terms of this Agreement;
	 	 	 
	 	iii)	a
    lump sum payment of $105,000; and
	 	 	 
	 	iv)	20%
    of aggregate number of coins or tokens raised in any ICO.

 

	 	19.	Arbitration
    of Disputes. The Client and ACI agree that all claims or controversies, whether such claims or controversies arose prior
    to, on, or subsequent to the date hereof, between the Client and ACI or any of the present of former members, managers, officers,
    employees, agents and representatives of any Party concerning or arising from, without limitation, the construction, performance
    or breach of this Agreement, or any duty arising therefrom, shall be determined by arbitration. Any arbitration under this
    Agreement shall be conducted pursuant to the laws of State of California before a single arbitrator, and shall be binding
    upon the Client and ACI. The costs of the arbitrator shall be borne equally by the Client and ACI, and each of the Client
    and ACI shall bear their respective legal and other fees, unless the arbitrator decides to allocate a greater burden of said
    costs and fees to the unsuccessful Party.
	 	 	 
	 	20.	Notices.
    Any and all notices, demands, or other communications required or desired to be given hereunder by any Party shall be
    in:

 

	 	a)	writing
    and shall be validly given or made to another party if personally served, or if deposited in the mail, certified or registered,
    postage prepaid, return receipt requested, but not required; or
	 	 	 
	 	b)	via
    electronic mail.

 

If
such notice or demand is served personally, notice shall be deemed constructively made at the time of such personal service. If
such notice, demand or other communication is given by mail, such notice shall be conclusively deemed given five days after deposit
thereof in the mail addressed to the party to whom such notice, demand or other communication is to be given as follows:

 

If
to ACI:

 

AppCoin
Innovations Inc.

561
Indiana Court

Venice, CA

90291

 

Attention
Michael Blum

e-mail:
Michael.blumf@appcoininnovations.com

 

If
to the Client:

 

WENN
Digital Inc.

c/o
561 Indiana Court

Venice, CA

90291

 

Attention:
Jamie Clarke

e-mail:
jamie@businessinstincts.com

 

Any
party hereto may change its office or email addresses for purposes of this paragraph by written notice given in the manner provided
above.

 

	 	21.	Waiver.
    Failure of either party hereto to insist upon strict compliance with any of the terms, covenants and conditions hereof
    shall not be deemed a waiver or relinquishment of any similar right or power hereunder at any subsequent time or of any other
    provision hereof.
	 	 	 
	 	22.	Modification
    or Amendment. No amendment, change or modification of this Agreement shall be valid unless in writing signed by the Parties.

 

    	 	 	 

    	 	-7-	 

    

 

	 	23.	Survival.
    Any provision of this Agreement which expressly states that it is to continue in effect after termination or expiration
    of this Agreement, or which by its nature would survive the termination or expiration of this Agreement, shall do so.
	 	 	 
	 	24.	Severability.
    If any one or more of the provisions of this Agreement shall for any reason be held to be invalid, illegal, or unenforceable
    in any respect, any such provision shall be severable from this Agreement, in which event this Agreement shall be construed
    as if such provision had never been contained herein and the remainder of this Agreement shall nevertheless remain in full
    force and effect.
	 	 	 
	 	25.	Entire
    Understanding. This Agreement, and Schedule “A” hereto (which is incorporated into this Agreement), constitute
    the entire understanding and agreement of the Parties, and any and all prior agreements, understandings, and representations
    are hereby terminated and cancelled in their entirety and are of no further force and effect.
	 	 	 
	 	26.	Jurisdiction.
    The laws of the State of California shall govern the validity of this Agreement, the construction of its terms and the
    interpretation of the rights and duties of the Parties. The Parties irrevocably submit to the jurisdiction of Alberta for
    the purpose of any legal suit, action or other proceeding arising out of the Agreement.
	 	 	 
	 	27.	Counterparts.
    Each Party hereto may sign this Agreement in counterparts and deliver such counterparts by facsimile or other electronic
    delivery, which parts will be read together and construed as if all signing Parties had signed one copy of this Agreement.

 

[Signature
Page Follows]

 

    	 	 	 

    	 	-8-	 

    

 

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

 

	AppCoin
    Innovations Inc.	 
	 	 
	Per:	/s/
    Michael Blum	 
	 	Name
    Michael Blum 	 
	 	Title:
    Chief Financial Officer	 
	 	 	 
	Date:	December
    29, 2017	 

 

WENN
Digital Inc.

 

	Per:	/s/
    Jamie Clarke	 
	 	Name:
    Jamie Clarke	 
	 	Title:
    President	 
	 	 	 
	Date:	December
    20, 2017	 

 

    	 

    	 

    

 

SCHEDULE
A

 

BUSINESS
SERVICES, MONTHLY RATE, SCOPE OF WORK, and TERM

 

All
capitalized terms not otherwise defined in this Schedule A shall have the meaning ascribed to them in this Business Services Agreement
to which the Schedule A is attached.

 

ACI
will provide the following services to the Client.

 

All
figures in United States Dollars, applicable taxes are in addition.

 

	Scope
    of Work Activities	 	Advance
    Rate	 	Monthly
    Rate
	 	ACI
    has been engaged to create and deliver and manage on an ongoing basis, up until time of the completion of the ICO by the Client.
    Services below are an outline but not necessarily an exhaustive list of services that may or may not be employed in order
    to launch the ICO.	 	These
    fees are payable out of ICO sale proceeds.	 	 
	 	 	 	 	 	 
	 	●	Business
    Modelling and Scoping and Development.	 	 	 	-
	 	 	 	 	 	 	 
	 	●	Advisory
    services surrounding token models, and token incentivization.	 	$250,000
    - Waived.	 	 
	 	 	 	 	 	 	 
	Pre
    - AppCoin ICO Services	●	Advisory
    services surrounding cryptoeconomics creating networks, and utility of tokens.	 	 	 	 
	 	 	 	 	 	 	 
	 	●	Assistance
    & sourcing of technical guidance surrounding creation of working model from conceptual framework.	 	 	 	 
	 	 	 	 	 	 	 
	 	●	Assistance
    & sourcing of guidance surrounding creation of company application for token usage, storage and transferring.	 	 	 	 

 

	 	ACI
    has been engaged to create and deliver and manage on an ongoing basis:	 	$500,000	 	-
	 	 	 	 	 	 
	 	●	P.R.
    & marketing plans and strategies maximizing physical and digital outreach, including Slack, Reddit, Facebook, Twitter
    etc.) (Services will not include the assistance regarding the offer or sale of any tokens or coins);	 	 	 	 
	 	 	 	 	 	 	 
	 	●	Presentation
    materials;	 	 	 	 
	 	 	 	 	 	 	 
	 	●	Initial
    Community Development & Management Strategy;	 	 	 	 
	 	 	 	 	 	 	 
	AppCoin
    ICO Services	●	Establish
    digital/social media presence;	 	 	 	 
	 	 	 	 	 	 	 
	 	●	Localized
    management (includes 3 languages);	 	 	 	 
	 	 	 	 	 	 	 
	 	●	Whitepaper
    preparation and continued iterative reviews;	 	 	 	 
	 	 	 	 	 	 	 
	 	●	Prospectus
    preparation;	 	 	 	 
	 	 	 	 	 	 	 
	 	●	White
    labelled investor web wallet;	 	 	 	 
	 	 	 	 	 	 	 
	 	●	AppCoin
    website inforgraphics and design;	 	 	 	 
	 	 	 	 	 	 	 
	 	●	AppCoin
    smart contract creation, sourcing, conceptualization and high level specifications;	 	 	 	 
	 	 	 	 	 	 	 
	 	●	AppCoin
    Project Manager (for 3 months);	 	 	 	 

 

    	 

    	 

    

 

	Scope
    of Work Activities	 	Advance
    Rate	 	Monthly
    Rate
	 	●	Token
    exchange listing assistance (per successful listing);	 	 	 	 
	 	 	 	 	 	 	 
	 	●	Provide
    sourcing, guidance and assistance where required to engineering team surrounding the development of token wallet;	 	 	 	 
	 	 	 	 	 	 	 
	 	●	Due
    diligence report;	 	 	 	 
	 	 	 	 	 	 	 
	 	●	Specifications
    of Token Events, Token Events website, and database backend built to collect user information; and	 	 	 	 
	 	 	 	 	 	 	 
	 	●	Legal
    services and sourcing (within scope).	 	 	 	 

 

	Post-AppCoin
    ICO Support	●	Marketing
    & public relations to support Client (not related to offering or sale of any tokens or coins);	 	 	 	$35,000
	 	 	 	 	 	 	 
	(the
    “Monthly Services”)	●	Community
    development and management; and	 	 	 	 
	 	 	 	 	 	 	 
	 	●	general
    support.	 	 	 	 

 

	AppCoin
    Work Fees	●	Work
    Fees	 	6%
    of total amount raised in ICO	 	-

 

	As
    a Founding Member - AppCoin share of ICO Coins or Tokens		Which
    shall be deemed earned on the date of execution of this Agreement.	 	20%
    of aggregate number of coins or tokens raised in ICO	 	-

 

Term:

 

This
Agreement will continue until completion of the ICO unless earlier terminated by either ACT or the Client.

 

With
respect to the Monthly Services, ACI will provide the Monthly Services for one (1) year commencing on the date on which the ICO
has closed, after which this Agreement and the provision of the Monthly Services will automatically renew for one (1) year periods
and can be terminated by either ACI or the Client with 30 days written notice.

 

Payment
Schedule:

 

The
total fees for the services provided in connection with the launch and completion of the ICO will be the lesser of (1) total amount
raised on the ICO, or (2) $500,000 plus work fees which are calculated at 6% of the total amount raised on the ICO. These fees
are payable on completion of the ICO and on receipt of the proceeds of the ICO by the Client. All fees will be paid within ten
(10) days of ACI providing an invoice to the Client.

 

Immediately
upon completion of the ICO, the Client will issue to ACI such number of coins or tokens, as applicable, as is equal to 20% of
the aggregate number of coins or tokens issued in the ICO.

 

The
fees for the Monthly Services of $35,000 per month (the “Monthly Fee”) will be due at the beginning of each month
commencing on the date on which the ICO has closed. ACI and the Client, both parties acting reasonably, shall renegotiate the
amount of the Monthly Fees if ACI determines that the cost of the Monthly Services is exceeding the current amount of the Monthly
Fee.

 

All
pre-approved expenses incurred will be billed directly to ACI and allocated to the Client appropriately.

 

    	 

    	 

    

 

Broker-Dealer

 

The
Client acknowledges and agrees that ACI is not engaged in the business of effecting transactions in securities for the account
of others, and is not a broker-dealer registered with the Securities and Exchange Commission (the “SEC”), any Canadian
securities commissions or any other Canadian or US federal, state or provincial agency. The Client further acknowledges that ACI
shall not perform any services that require ACI to register as a broker-dealer with the SEC, any Canadian securities commissions,
securities regulatory authorities of any other country, or any other Canadian or US federal, state or provincial agency.

 

	AppCoin
    Innovations Inc.	 
	 	 	 
	Per:	/s/
    Michael Blum	 
	 	Name:
    Michael Blum 	 
	 	Title:
    Chief Financial Officer	 
	 	 	 
	Date:	December
    29, 2017	 

 

WENN
Digital Inc.

 

	Per:	/s/
    Jamie Clarke	 
	 	Name:
    Jamie Clarke	 
	 	Title:
    President	 
	 	 	 
	Date:	December
    29, 2017

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00278-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00278-of-00352.parquet"}]]