Document:

Monaker Group, Inc. 10-K

 

Exhibit 10.26

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

Special Offering

of up to

$750,000
of Units

 

  

 

    	 	1	 

    	 

    

 

SUBSCRIPTION AND INVESTMENT
REPRESENTATION AGREEMENT

The Company is doing a special
offering of up to $750,000 of Units for sale with each Unit comprised of one (1) shares of common stock, at $2.50 per share (the
“Common Stock”) and one (1) warrant, with each warrant allowing the purchase of one (1) additional share of Common
Stock at $2.50 per share, (collectively the “Unit” or “Units”) 

(Except as otherwise noted, all
references to “dollars” or “$” are in United States dollars).

The undersigned, _Charcoal Investments Ltd.___
(the “undersigned” or the “Investor”), hereby subscribes for the purchase of Units of Monaker
Group, Inc. Monaker, a Nevada corporation (“Monaker”), in the aggregate amount of $_370,000___ USD.
The undersigned herewith submits the undersigned’s check or effects a wire transfer of immediately available funds in the
amount of $_370,000_ USD as full payment for such Units (the “Subscription Price”). In exchange
for such payment of the Subscription Price, the undersigned shall receive from the Monaker __148,000_ Units representing
__148,000__ common shares and _148,000___ warrants.

The undersigned understands that
(i) Monaker is offering $750,000 in Units and may expand or retract the offering at its discretion. The minimum number of Units
that may be purchased under this offering shall not be less than $25,000, (ii) the offering and sale of the Units will only remain
open until September 12th , 2016 unless such offer is extended by the Company.

The undersigned
hereby agrees to send payment of the $ 370,000_ Subscription Price either:

a.       

by
mailing a check, payable to Monaker Group, Inc. “

b.       

wiring
payment of the Subscription Price to the account set forth below

Name of Bank: Bank of America

Address of Bank: 1381 Weston
Rd, Weston FL

Account Name: Monaker Group,
Inc.

Account No.: ###########

ABA No.: ###########

Reference: Monaker Group,
Inc.

In either case, the undersigned
agrees to execute this Subscription and Investment Representation Agreement and mail same to Monaker Group Inc., 2690 Weston Rd,
Suite 200, Weston, Florida, 33331, Attn: Bill Kerby – CEO.

Consummation of the sale of the
Securities to the undersigned and to all other Investors in connection with the offering of Units shall be completed on or before
August 31st, 2016 , (the “Closing Date”), unless such Closing Date shall be extended by the Company.

1.

Certain Representations of the Subscriber 

In connection
with, and in consideration of, the sale of the Securities to the undersigned, the undersigned hereby represents and warrants to
the Company and its officers, directors, employees, agents and shareholders that the undersigned:

(a)       

Is familiar
with (i) Monaker’s Public Filings and is entering this Agreement in connection with Monaker’s unit offering comprised
of common shares of Monaker Group Inc. and warrants with each warrant having a one (1) year term and an exercise price of $2.50
cents for Monaker Common Stock and (ii) such other information as the undersigned has received from Monaker (collectively, the
“Monaker Materials”).

(b)       

Has had an opportunity
to review and ask questions of an officer of Monaker concerning the Monaker Materials and desires no further information respecting
such Monaker Materials.

(c)       

Realizes that
Monaker has incurred losses since its inception and must raise additional funds to support its operations.

    	 	2	 

    	 

    

(d)       

Realizes and
accepts the personal financial risk attendant to the fact that purchase of the Units represents a speculative investment involving
a high degree of risk, and should not be purchased by any persons not prepared to lose their entire investment.

(e)       

Can bear the
economic risk of an investment in the Units for an indefinite period of time, can afford to sustain a complete loss of such investment,
has no need for liquidity in connection with an investment in the Units, and can afford to hold the Units indefinitely.

(f)       

Realizes that
there will be a limited market for the Units, and that there are significant restrictions on the transferability of such Units.

(g)       

Realizes that
the Units have not been registered for sale under the Securities Act of 1933, as amended (the “Act”), or applicable
state securities laws (the “State Laws”), and they may be sold only pursuant to registration under the Act and State
Law, or an opinion of counsel that such registration is not required.

(h)       

Is experienced
and knowledgeable in financial and business matters, capable of evaluating the merits and risks of investing in the Units and does
not need or desire the assistance of a knowledgeable representative to aid in the evaluation of such risks (or, in the alternative,
has a knowledgeable representative whom such investor intends to use in connection with a decision as to whether to purchase the
Units).

(i)       

Realizes that
(a) there are substantial restrictions on the transfer of the Units; (b) there is currently limited public market for the Units
and accordingly, for the above and other reasons, the undersigned may not be able to liquidate an investment in such securities
for an indefinite period.

2.

REPRESENTATIONS
AND WARRANTIES OF MONAKER.  Monaker represents and warrants to and agrees with Investor, as follows:

(a)       

The Monaker Materials
as of their respective dates do not contain any untrue statement of a material fact or omit to state a material fact necessary
to make the statements therein, in the light of the circumstances under which they were made, not misleading.

(b)       

Monaker is authorized
to issue 500,000,000 shares of its Common Stock. As of the date of the last quarterly filing, an aggregate of 7,508,889 shares
of Common Stock are issued and outstanding.

(c)       

All of the outstanding
shares of capital stock of Monaker have been duly authorized and validly issued, are fully paid and non-assessable.

(d)       

Monaker has the requisite
corporate power and authority to enter into and execute, deliver and perform their obligations under this Agreement, the Units
and the Warrants (collectively, the “Transaction Documents”), including, without limitation to permit the exercise
of such Warrants into Common Stock of Monaker. Each of the Transaction Documents has been duly and validly authorized by Monaker
and, when executed and delivered by Monaker , will constitute a valid and legally binding agreement of Monaker , enforceable against
Monaker in accordance with their terms except as the enforcement thereof may be limited by (A) bankruptcy, insolvency, reorganization,
fraudulent conveyance, moratorium or other similar laws now or hereafter in effect relating to or affecting creditors’ rights
generally or (B) general principles of equity and the discretion of the court before which any proceeding therefore may be
brought (regardless of whether such enforcement is considered in a proceeding at law or in equity) (collectively, the “Enforceability
Exceptions”).

 

    	 	3	 

    	 

    

 

(e)       

The Units have been
duly authorized and, when issued upon payment thereof in accordance with this Agreement, will have been validly issued, fully paid
and nonassessable. The stockholders of Monaker have no preemptive or similar rights with respect to the Common Stock.

(f)       

The execution,
delivery and performance by Monaker of the Transaction Documents and the consummation by Monaker of the transactions contemplated
thereby and the fulfillment of the terms thereof will not violate, conflict with or constitute or result in a breach of or a default
under (i) the articles of incorporation of Monaker or the bylaws of Monaker (or similar organizational document) or (ii) any
statute, judgment, decree, order, rule or regulation of any court or governmental agency or other body applicable to Monaker or
any of its respective properties or assets.

3.

Investment
Intent

The undersigned
has been advised that the Units have not been registered under the Act or relevant State Laws but are being offered, and will be
offered, and sold pursuant to exemptions from the Act and State Laws, and that Monaker’s reliance upon such exemption is
predicated in part on the undersigned’s representations contained herein. The undersigned represents and warrants that the
Units are being purchased for the undersigned’s own account and for long term investment and without the intention of reselling
or redistributing the Units; that the undersigned has made no agreement with others regarding any of the Units; and that the undersigned’s
financial condition is such that it is not likely that it will be necessary for the undersigned to dispose of any of the Units
in the foreseeable future. The undersigned is aware that (1) there is presently no public market for the Units, and in the view
of the Securities and Exchange Commission a purchase of securities with an intent to resell by reason of any foreseeable specific
contingency or anticipated change in market values, or any change in the liquidation or settlement of any loan obtained for the
acquisition of any of the Units and for which the Units were or may be pledged as security would represent an intent inconsistent
with the investment representations set forth above, and (2) the transferability of the Units is restricted and (a) requires the
written consent of Monaker , and (b) will be further restricted by a legend placed on the certificate(s) representing the Units
containing substantially the following language:

The securities represented
by this certificate have not been registered under either the Securities Act of 1933 or applicable state securities laws and may
not be sold, transferred, assigned, offered, pledged or otherwise distributed for value unless there is an effective registration
statement under such Act and such laws covering such securities, or Monaker receives an opinion of counsel acceptable to Monaker
stating that such sale, transfer, assignment, offer, pledge or other distribution for value is exempt from the registration and
prospectus delivery requirements of such Act and such laws.

The undersigned
further represents and agrees that if contrary to the undersigned’s foregoing intentions, the undersigned should later desire
to dispose of or transfer any of the Units in any manner, the undersigned shall not do so without first obtaining (1) an opinion
of counsel satisfactory to Monaker that such proposed disposition or transfer may be made lawfully without the registration of
such Units pursuant to the Act and applicable State Laws, or (2) registration of such Units (it being expressly understood that
Monaker shall not have any obligation to register such Units except as explicitly provided by written agreement).

    	 	4	 

    	 

    

 

4.

Residence

The undersigned
represents and warrants that the undersigned is a bona fide resident of United States and/or Canada and/or Great Britton
and that the Units are being accepted by the undersigned in the undersigned’s name solely for the undersigned’s own
beneficial interest and not as nominee for, on behalf of, for the beneficial interest of, or with the intention to transfer to,
any other person, trust or organization except as specifically set forth in this Agreement).

PARAGRAPH
6 BELOW IS REQUIRED IN CONNECTION WITH EXEMPTIONS FROM THE ACT AND STATE LAWS BEING RELIED ON BY MONAKER WITH RESPECT TO OFFER
AND SALE OF THE UNITS. ALL OF SUCH INFORMATION WILL BE KEPT CONFIDENTIAL AND WILL BE REVIEWED ONLY BY MONAKER, THE AGENT, AND THEIR
COUNSEL. THE UNDERSIGNED AGREES TO FURNISH ANY ADDITIONAL INFORMATION WHICH MONAKER OR THEIR COUNSEL DEEMS NECESSARY IN ORDER TO
VERIFY THE RESPONSES SET FORTH ABOVE.

5.

Accredited
Status

The undersigned
represents and warrants as follows (check if applicable):

a.       

Accredited
Investor: Individual

(1)_______ The undersigned
is an individual with a net worth, or a joint net worth together with his or her spouse, in excess of $1,000,000. (In calculating
net worth, you may include equity in personal property and real estate, excluding your principal residence, cash, short term investments,
stock and securities. Equity in personal property and real estate should be based on the fair market value of such property minus
debt secured by such property.)

(2)________ The undersigned
is an individual who had an individual income in excess of $200,000 in each of the prior two years and reasonably expects an income
in excess of $200,000 in the current year; or

(3)________ The undersigned
is an individual who had with his/her spouse joint income in excess of $300,000 in each of the prior two years and reasonably expects
an income in excess of $300,000 in the current year.

(4)________ The undersigned
is a director or executive officer of the Company.

b.       

Accredited
Investor: Entity

(1)___X_____ The undersigned
is an entity all of whose equity owners meet one of the tests set forth in a through d above.

(2)_________ The undersigned
is an entity and is an “Accredited Investor” as defined in Rule 501(a) of Regulation D under the Act. This representation
is based on the following (check one or more, as applicable):

(a)________ The undersigned
(or in the case of a trust, the undersigned trustee) is a bank or savings and loan association as defined in Sections 3(a)(2) and
3(a)(5)(A) of the Act, acting either in its individual or fiduciary capacity.

    	 	5	 

    	 

    

(b)________ The undersigned
is an insurance company as defined in Section 2(13) of the Act.

(c)________ The undersigned
is an investment company registered under the Investment Company Act of 1940 or a business development company as defined in Section
2(a)(48) of that Act.

(d)________ The undersigned
is a Small Business Investment Company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small
Business Investment Act of 1958.

(e)________ The undersigned
is an employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974 and either
(check one of more, as applicable):

(i)________ the investment
decision is made by a plan fiduciary, as defined in Section 3(21) of such Act, which is either a bank, savings and loan association,
insurance company, or registered investment advisor; or

(ii)________ the employee
benefit plan has total assets in excess of $5,000,000; or

(iii)________ the plan is
a self-directed plan with investment decisions made solely by persons who are “Accredited Investors” as defined under
the 1933 Act.

(f)________ The undersigned
is a private business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940.

(g)________ The undersigned
has total assets in excess of $5,000,000, was not formed for the specific purpose of acquiring shares of the Company and
is one or more of the following (check one or more, as appropriate):

(i)________an organization
described in Section 501(c)(3) of the Internal Revenue Code; or

(ii)________ a corporation;
or

(iii)________ a Massachusetts
or similar business, trust; or

(iv)________ a partnership.

(h)_________ The undersigned
is a trust with total assets exceeding $5,000,000, which was not formed for the specific purpose of acquiring shares of the Company
and whose purchase is directed by a person who has such knowledge and experience in financial and business matters that he/she
is capable of evaluating the merits and risks of the investment in the Units. IF ONLY
THIS RESPONSE IS CHECKED, PLEASE CONTACT THE COMPANY TO RECEIVE AND COMPLETE AN INFORMATION STATEMENT BEFORE THIS SUBSCRIPTION
CAN BE CONSIDERED BY MONAKER.

    	 	6	 

    	 

    

6.

miscellaneous

(a)       

The undersigned
agrees that the undersigned understands the meaning and legal consequences of the agreements, representations, and warranties contained
herein; agrees that such agreements, representations and warranties shall survive and remain in full force and effect after the
execution of the Units; and further agrees to indemnify and hold harmless Monaker , each of their current and future officers,
directors, employees, agents and shareholders from and against any and all loss, damage or liability due to, or arising out of,
a breach of any agreement, representation or warranty of the undersigned contained herein.

(b)       

This Agreement
shall inure to the benefit of and be binding upon Investor, Monaker and their respective successors and legal representatives.
Neither Monaker , nor any Investor may assign this Agreement or any rights or obligation hereunder without the prior written consent
of the other party.

(c)       

This Agreement, together
with Transaction Documents, constitutes the entire agreement among the parties hereto and supersedes all prior agreements, understandings
and arrangements, oral or written, among the parties hereto with respect to the subject matter hereof and thereof.

(d)       

If any provision of
this Agreement is held to be invalid or unenforceable in any respect, the validity and enforceability of the remaining terms and
provisions of this Agreement shall not in any way be affected or impaired thereby.

(e)       

THE VALIDITY AND INTERPRETATION
OF THIS AGREEMENT, AND THE TERMS AND CONDITIONS SET FORTH HEREIN SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS
OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO PROVISIONS RELATING TO CONFLICTS OF LAW TO THE EXTENT THE APPLICATION OF THE
LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. THE PARTIES HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREE THAT ACTIONS,
SUITS OR PROCEEDINGS ARISING OUT OF OR RELATING TO THIS AGREEMENT MAY BE BROUGHT ONLY IN STATE OR FEDERAL COURTS LOCATED IN THE
CITY OF NEW YORK, NEW YORK AND HEREBY SUBMIT TO THE EXCLUSIVE JURISDICTION OF SUCH COURTS FOR SUCH PURPOSE.

(f)       

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

(g)       

Facsimile signatures
shall be construed and considered original signatures for purposes of enforcement of the terms of this agreement.

(h)       

Manner in Which Title
Is to Be Held: (check one)

_____________              
Individual Ownership

_____________              
Joint Tenant with Right of

_____________              
Survivorship

_____________              
Partnership

_____________              
Tenants in Common

_____X_______              
Corporation/ Limited Partnership

_____________              Other
Trust (describe)

 

SIGNATURE PAGE FOLLOWS

 

 

 

    	 	7	 

    	 

    

 

SIGNATURE PAGE

	INDIVIDUAL SUBSCRIBERS:	 	 
	 	Signature	 
	 	 	 
	 	 	 
	Name (Typed or Printed)	 	 
	 	 	 
	 	 	 
	Signature (If more than one Individual subscriber)	 	 
	 	 	 
	 	 	 
	Name (Typed or Printed)	 	 
	 	 	 
	 	 	 
	ENTITY SUBSCRIBERS:	/s/ Graham Young	 
	 	Signature	 
	 	 	 
	Mr. Graham Young - Director	 	 
	Name & Title (Typed or Printed)	 	 
	 	 	 
	Charcoal Investments Ltd	 	 
	Name of Entity	 	 
	 	 	 
	All SUBSCRIBERS:	 	 
	 	 	 
	20 Market Street	 	 
	Street Address	 	 
	 	 	 
	Altrincham, Cheshire, WA14 1PF	 	 
	City, Country and Postal Code	 	 
	 	 	 
	00 44 161 927 3113	 	 
	Telephone Number	 	 
	 	 	 
	N/A	 	 
	SSN or SIN or EIN	 	 
	 	 	 
	Simon Orange <dunhamconsultancy@hotmail.com>	 	 
	Email Address	 	 
	 	 	 
	 	 	 

 

To be completed
by Monaker Group for Acceptance

Monaker Group, Inc.,
hereby acknowledges receipt from Charcoal Investments Ltd of such subscriber’s check/wire in the amount of
$370,000 USD, and accepts this subscription as of September 8th, 2016.

 

	 	/s/ William Kerby
	 	Signature
	 	 
	 	 
	 	William Kerby - CEO
	 	Name (Typed or Printed) and Title

 

    	 	8Monaker Group, Inc. 10-K

Exhibit
10.34 

 

JOINT
VENTURE ACQUISITION AGREEMENT

 

This
Joint Venture Acquisition Agreement (This “Agreement”) dated as of June 5, 2014 is made by and between
NEXT 1 Interactive, Inc., a Nevada Corporate (“NEXT 1”) located at 2690 Weston Road, Weston FL 33331
and Launch 360 Media Inc., a Nevada corporation (“launch”) located at 8115 North Circle Dr. Houston,
Texas 77071.

 

Whereas,
the parties agree to contribution certain assets, licenses (as defined herein) and create a Joint Venture Acquisition, all
upon the terms and subject to the conditions hereinafter set forth.

 

Now,
therefore, in consideration of the mutual covenants herein contained and for other good and valuable consideration, the receipt
and adequacy of which are hereby acknowledged, the parties hereto agree as follows.

 

I.
       Acquisition Company

 

Cherokee
Black Entertainment, Inc. Through its subsidiary Company Launch 360 Media, Inc. will acquire the Home & Away channel assets
including the R&R TV name its website and Logos.

 

II.
       Operating Company

 

The
assets will be held in Launch 360 Media Inc. as the operating Company for the T.V. Network Programming, T.V. shows in the United
States.

 

III.     Name
of Network

 

The
T.V. Network will operate under the same name as R&R TV.

 

IV.     Ownership

 

Cherokee
Black Entertainment, Inc. (CBE) own 90% of Launch 360 Media, Inc. NEXT 1 interactive own 10% of Launch 360 Media, Inc. Parties
agree there will be no dilution of ownership without mutual agreement during the first 180 days. Thereafter Next 1 will be afforded
a 48 hour notice period with an option to invest on like terms on any new financings in such amounts that would avoid dilution
of its 10% ownership

 

V.     NEXT
1 Contribution of Assets 

 

		1)	The
                                         Website of R&R TV domain, Logos.

		2)	(7)
                                         Extraordinary vacation shows (subject to access from Comcast or other parties)

		3)	160
                                         Travel magazine (subject to access from Comcast or other parties)

 

    	Page 1 of 5 

     

    

 

		4)	1
                                         Brad Ewart Golf Show (subject to access from Comcast or other parties)

		5)	The
                                         R&R TV FTP files.

		6)	A
                                         Multimillion Dollars tax loss carry forward (which may require sale of shares in Home
                                         and Away Channel Ltd. – to be determined)

 

Unwinding
of Next 1 Assets. In the event that Launch 360 Media, Inc. becomes insolvent and/or discontinues to operate as a Network
than Next 1 will have the right to have its assets under Section V returned free and clear of encumbrances upon giving Launch
10 day notice and the return of its share ownership in Launch 360 Media, Inc.

 

 

VI.     NEXT
1 Would Received 

 

		1)	10%
                                         ownership of Launch 360 Media, Inc.

		2)	10%
                                         of net income before taxes paid out (Quarterly).

		3)	Ability
                                         to market its projects like real estate and travel products via commercial time and programing
                                         air time in the United States and the Caribbean and all platforms that R&R TV is
                                         carried for up to 1 hour per day (if requested) with such times being equally distributed
                                         over a 24 hour programing clock.

		4)	Have
                                         a Board seat for representation on the Board of Launch 360 Media.

 

VII.     Cherokee
Black Contributions 

 

		1)	Rebuild
                                         the R&R TV Brand and Network in the United States.

		2)	Re-establish
                                         the R&R TV affiliates in the United States.

		3)	lntergrate
                                         R&R TV Network with the major cable carriers in the United States (Comcast, AT&T,
                                         Verizon, Cablevision etc.) under their minority program.

		4)	Have
                                         R&R TV on their Caribbean platform within (90) ninety days of signing this agreement.

		5)	Acquire
                                         a server that will have all programs that will be owned by Launch, License or barter
                                         display R&R TV Logo on air.

		6)	Pay
                                         all expenses for new programs, shows, licenses fees, broaden, internet cost, satellite
                                         cost, playback, administrated cost etc.

		7)	After
                                         36-48 months Launch 360 Media, Inc. will seek to go public through NEXT 1 Interactive,
                                         Inc. or alternate public vehicle (as determined by CBE and Next 1).

		8)	CBE
                                         and Launch will be granted the sole and exclusive rights to run the day – to – day operations
                                         of the R&R TV revised Network. Includes but not limited to all contractual issues,
                                         financial, negotiations with affiliates, investors, strategies partners, and potential
                                         alliances of any sort.

  

    	Page 2 of 5 

     

    

 

		9)	CBE
                                         and Launch agrees to promote and to extend R&R TV and its associated companies and
                                         NEXT 1 banner advertisements on all its websites and other means of effectively creating
                                         and insuring desirable brand awareness specific elements to be finalized upon affiliation.

 

		10)	Commencing
                                         immediately upon affiliation, CBE will inquire, negotiate and use best efforts to acquire
                                         new and if possible, first run programming to the US market. It is further agreed by
                                         both parties that as stipulated (via cable, satellite, telephone companies. Internet,
                                         and alternative sources including but not limited to VOD) any and all existing R&R
                                         TV programming content owned and/ or licensed by NEXT 1.

 

VIII.     Past
Financial Obligations

 

		a)	It
                                         is agreed that CBE and Launch is personally and corporately indemnified from any outstanding
                                         debt, liability, pay of any form, future legal issues prior to the formation of this
                                         Joint Venture Acquisition, past or present salaries owed or to any NEXT 1 or R&R
                                         TV employee, board members remuneration, etc. and that NEXT 1 or R&R TV are personally
                                         and corporately indemnified from any outstanding debt, liability, pay of any form, future
                                         legal issues prior to the formation of CBE and Launch in the forming of this Joint Venture
                                         Acquisition

 

		b)	CBE
                                         and launch is only acquiring the assets outline in V.

 

		c)	It
                                         is mutually agreed that it is not the responsibility of CBE and Launch to employ any
                                         existing member of NEXT 1 or associated entity nor can NEXT 1 or any of its representatives,
                                         members, agent’s board members, etc. approach or offer in any way any form of financial
                                         inducement to secure the services of (full time or consultancy) or attempt to secure
                                         any information other than through proper channels.

 

IX.     Representation
of Warranties

 

Each
party hereby represent and warrants to the other that he/she or it has the full power, rights and authority to enter into
and fulfill the obligations agreement, such third party has previously agreed to the entry by the party into this agreement
under this agreement. Each party hereby also represent and warrants that he/she or it is not current subject to any third
agreement which would have the effect of prohibiting the party’s ability to enter into this agreement or in
the event that the party is subject to a third party.

 

    	Page 3 of 5 

     

    

 

X.     Modification
and Waiver

 

This
Agreement constitutes the entire agreement between the parties. All proper contemporaneous agreement, representation, negotiations,
and understandings of the parties, whether oral or written, are hereby superseded and merge herein.

 

No
addition modification of or waiver of any term or provision of this Agreement shall be effective unless set forth in writing
and signed by all the Parties.

 

XI.     Notices

 

Any
notices or other communications required to be give by one Party to another shall he transmitted by email, fax, followed by
hard copy delivered by mail or overnight courier, post prepared, to the Parties at their respective addresses, and fax
number, as they appear in the signatories below, or as amended by the notice to the other Parties.

 

XII.     Applicable
Law

 

This
Agreement shall be governed by the laws of the State of Texas.

 

XIII.     Counterparts

 

This
agreement may be executed in any number of counterparts, each which shall be deemed an original, and which taken together, shall
constitute one and the same agreement. Executed email or facsimile copies shall have the same force and effect as signed originals.
At the written request of one Party, the Parties agree to execute hard copy originals.

  

XIV.     Assignment 

 

CBE
and Launch shall have the right to assign this agreement (only) to any corporation or another entity which is controlled by CBE
or Launch with the approval of Next 1 (such approval not to be unreasonably withheld). 

 

XV.     Indemnity

 

Each
party hereby indemnifies and holds the other party harmless against any and all losses and damages (including reasonable
legal fees) arising out of any claim in respect of any breach of a representation, warranty,
condition or promise in the Agreement, as determined by a final settlement
agreement between the parties to such threatened or actual litigation (such settlement to be subject to the party’s
prior approval, acting reasonably) or in judgment for which all  appeals have
been exhausted or forfeited (because of time limitation expiry), as made by a court of competent jurisdiction.

 

    	Page 4 of 5 

     

    

 

XVI.      Authority

 

The individuals executing this Agreement on behalf
of their respective entitles by execution hereof represent and warrant that they do so with full legal authority.

  

IN
WITNESS WHEREOF, the Parties hereof have executed this Agreement on the day and year first written above. Each party hereof
has read the foregoing and certifies that Each understands the terms of this Agreement.

  

	LAUNCH
    360 MEDIA, INC.	 	NEXT
    1 Interactive, INC.

 

	By:		 	By:	 

 

	Name:	Jimmie D.
    Wheeler	 	Name:	B. Kerby

 

	Title:	CEO	 	Title:	CEO

 

	Address:	8115 N. Circle
    DR.	 	Address: 	2690 Weston
    Red
	 	 	 	 	 
	Houston, TX,
    77071	 	Weston FL.
    33331

 

    	Page 5 of 5

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