Document:

Exhibit 10.12

 

	
        CONTRATO DE COMPRAVENTA DE ACCIONES
        QUE CELEBRAN POR UNA PARTE PANATRADE BUSINESS LIMITED REPRESENTADA EN ESTE ACTO POR #####, Y A QUIEN EN LO SUCESIVO SE LE DENOMINARA
        “EL VENDEDOR”; Y POR OTRA PARTE QPAGOS CORPORATION REPRESENTADA EN ESTE ACTO POR #####, A QUIEN EN LO SUCESIVO SE LES
        DENOMINARA “EL COMPRADOR”, AL TENOR DE LOS SIGUIENTES ANTECEDENTES, DECLARACIONES Y CLÁUSULAS:

         

        ANTECEDENTES

         

        I. Las partes celebran este contrato con
        la intención de que “EL COMPRADOR” adquiera 1500 acciones, Serie “A ” y 2 ́238,245 acciones,
        Serie “B ”, mismas que fueron emitidas por la sociedad denominada REDPAG ELECTRÓNICOS S.A.P.I. de C.V., representada
        por Gastón Enrique Pereira en calidad de Presidente del Consejo de Administración. Las acciones mencionadas se amparan
        en los títulos de acciones No. 1 de la Serie “A” y No. 1 de la Serie “B”.

         

        DECLARACIONES

         

        I) Declara “EL VENDEDOR” a
        través de su representante legal:

         

        (a) Que es una sociedad debidamente organizada
        y constituida conforme a las leyes de Hong Kong, con número de registro 1921180.
	 	
        SHARE
        PURCHASE AGREEMENT ENTERED INTO BY PANATRADE BUSINESS LIMITED REPRESENTED BY #####, AND HEREINAFTER WILL
        BE CALLED "SELLER"; AND ON IN THE OTHER QPAGOS CORPORATION
        REPRESENTED BY #####, A HEREINAFTER
        BE CALLED "THE BUYER" IN ACCORDANCE WITH THE FOLLOWING BACKGROUND, STATEMENTS AND CLAUSES:

         

        BACKGROUND

         

        I. The parties
        enter into this agreement with the intention of "THE BUYER" acquire 1500 shares, Series "A" and 2 ́238,245
        shares, Series "B", same that were issued by the company called REDPAG ELECTRÓNICOS
        S.A.P.I. DE C.V. The actions referred are in the titles of shares No. 1 of the Series "A"
        and No. 1 of Series "B".

         

        STATEMENTS

         

        I) The SELLER declares through its legal
        representative that:

         

        (a) It is a Company legally incorporated
        under the laws of Hong Kong, with register number 1921180.

 

    	 	 	 

     

    

 

	
        (b) Es titular de 1500 acciones Serie “A”,
        y 2 ́238,245 acciones Serie “B”, representativas del 99% (noventa y nueve por ciento) del capital social, mismas
        que fueron emitidas por la sociedad denominada REDPAD ELECTRÓNICOS, S.A.P.I. de C.V., y que se amparan en los títulos
        de acciones No. 1 de la Serie “A” y No. 1 de la Serie “B”, expedidos el día 22 del mes de enero
        de 2014 y el 3 de junio de 2014 respectivamente, tal y como lo acredita con los títulos accionarios expedidos a su favor,
        así como con el registro en el libro de accionistas de la sociedad en el que aparece como titular, mismos que exhibe al
        celebrar este contrato, en lo sucesivo “LAS ACCIONES”.

         

        (c) Las Acciones objeto de la transmisión
        están totalmente suscritas y pagadas, así como libres de todo gravamen.

         

        II) Declara “EL COMPRADOR”
        a través de su representante legal:

         

        (a) Que es una sociedad debidamente organizada
        y constituida conforme a las leyes de Delaware, Estados Unidos, con número de registro 5739769.

         

        (b) Que cuenta con los recursos suficientes
        y lícitos para hacer frente a las obligaciones que mediante el presente contrato contrae.

         

        (c) Que ha revisado la documentación
        detallada en las declaraciones que anteceden y que conoce el estado que guardan los títulos accionarios materia del presente
        contrato, principalmente la valuación de acciones realizada por contador público certificado, de fecha 19 de agosto
        de 2015, en la que se concluye que la participación accionaria de PANATRADE representa una adquisición de deuda con
        terceros, además de contener perdidas contables acumuladas.
	 	
        (b) It is
        owner of 1,500 shares Series "A" and 2 ́238,245 Series "B" representing
        99% (ninety nine percent) of the capital, issued by the company called REDPAG ELECTRÓNICOS, S.A.P.I. de C.V., and which
        are in the stock titles No. 1 of the Series "A" and No. 1 of the Series "B", issued on January 22, 2014 and
        June 3, 2014 respectively, as accredited in stock titles issued in its favor, as well as registration
        in the book of shareholders of the company in 

        which it appears
        as a shareholder, exhibiting in this moment, the stock titles mentioned, hereinafter "THE
        SHARES"

         

        (c) The shares are fully suscribed, paid
        and free from all charges, liens and encumbrances of title.

         

        II) The BUYER declares through its legal
        representativa that :

         

        (a) It is Company legally incorporated
        under the laws of Delaware, United States, with register number 5739769.

         

        (b) That have
        sufficient and legal resources to meet the obligations contracted by this contract.

         

        (c) Has reviewed
        the detailed documentation in the foregoing statements and knows the state that keep the stock titles
        subject of this contract, mainly the valuation of shares by certified public accountant dated August 19, 2015, in which
        it is concluded that the shareholding of PANATRADE represent an acquisition of third-party debt and contain cumulative accounting
        losses.

         

         

 

    	 	 	 

     

    

 

	
        III) Ambas Partes declaran y se reconocen
        que:

         

        (a) Tienen plenas facultades y capacidad
        para celebrar y cumplir el presente contrato, así como para llevar a cabo las operaciones contempladas en el.

         

        (b) Que sus respectivos representantes
        cuentan con las facultades necesarias para representar y obligar en los términos del presente contrato, facultades que no
        les han sido revocadas ni limitadas en forma alguna a esta fecha.

         

        (c) La celebración, otorgamiento
        y cumplimiento del presente contrato ha sido debidamente autorizado mediante los actos corporativos necesarios para ello, no requiriéndose
        acto o autorización adicional alguno.

         

        (d) Así mismo que no violan disposición
        legal alguna; ni sus documentos corporativos, contratos o documentos de los cuales sean parte o en virtud de los cuales estén
        obligadas.

         

        EN VIRTUD DE LO ANTERIOR, las Partes convienen
        en sujetarse a las siguientes:

         

        CLAUSULAS:

         

        PRIMERA. Compraventa de acciones.

         

        (1) Compraventa. Mediante la celebración
        de este contrato, “EL VENDEDOR” vende “LAS ACCIONES” a “EL COMPRADOR”, quien las adquiere libres
        de todo gravamen, carga o limitación alguna en su dominio.
	 	
        III) Both
        Parties declare and acknowledge that:

         

        (a) Have the sufficient power and authority
        to execute this contract and to carry out the operations referred to in.

         

        (b) That its legal representative has the
        sufficient power to execute this contract, power which have not been restricted in any way.

         

        (c) The execution,
        delivery and performance of this contract has been duly authorized by the corporate actions necessary for this, not requiring any
        additional authorization.

         

        (d) Also they
        do not violate any legal provision; or corporate documents, contracts or documents which are party or under which are obliged.

         

        The parties agree to be bound by the following:

         

        CLAUSES:

         

        FIRST. Share Purchase.

         

        (1) Share purchase. By
        entering into this agreement, "SELLER" sells shares to "BUYER" who acquires unencumbered, charge or limitation
        in its domain.

         

 

    	 	 	 

     

    

 

	
        (2) Endoso, Entrega y Registro. En virtud
        de la Compraventa y contra el pago total del precio: i) “EL VENDEDOR” endosará en propiedad y entregará
        a favor de “EL COMPRADOR”, los títulos que amparan “LAS ACCIONES”, obligándose “EL
        COMPRADOR” a solicitar la inscripción en el libro de registro de accionistas de REDPAG ELECTRÓNICOS, S.A.P.I.
        DE C.V.

         

        (3) Precio y Forma de Pago. El Precio total
        por la Compraventa de las Acciones es la cantidad de $1 (un peso 00/100 Moneda Nacional, el “Precio”), mismo que será
        pagado en la fecha de firma del presente contrato.

         

        (4) Saneamiento. “EL VENDEDOR”
        responderá por el saneamiento en caso de evicción de “LAS ACCIONES”.

         

        (5) Indemnización. Cada una de las
        Partes sacará en paz y a salvo a la otra Parte, sus respectivos accionistas, consejeros, funcionarios, empleados, agentes,
        apoderados, representantes y asesores, en caso de cualquier daño o reclamación derivada de la falta de veracidad,
        integridad u oportunidad de sus declaraciones.

         

        SEGUNDA. Gastos e Impuestos.

         

        (1) Gastos. Cada una de las Partes será
        responsable de cubrir todos los gastos costos y honorarios en los que incurra como consecuencia de la celebración de este
        Contrato y el perfeccionamiento de las operaciones contenidas en el mismo.
	 	
        (2) Endorsement,
        Delivery & Registration. Under the Sale and against full payment of the price: i) "Seller"
        endorse owned and delivered in favor of "BUYER", stock titles, forcing "BUYER" to apply for registration in
        the register of shareholders of REDPAG ELECTRÓNICOS, SAPI DE C.V.

         

        (3) Price and Payment. The
        price for the sale of the shares is the amount of $1 (un peso 00/100, Mexican Peso the "Price"), and it is paid
        on the date of signature of this contract.

         

        (4) Sanitation. The
        SELLER is liable for sanitation in case of eviction of the shares. 

         

        (5) Compensation. Each
        of the Parties will remove harmless the other Party, their respective shareholders, directors, officers, employees, agents, attorneys,
        representatives and advisors, if any damage or claim resulting from the lack of veracity, completeness or timeliness of its statements.

         

        SECOND. Expenses and Taxes.

         

        (1) Expenses. Each
        Party shall be responsible for covering all costs fees and expenses incurred as a result of the execution of this Agreement and
        the consummation of the transactions contained therein.

 

    	 	 	 

     

    

 

	
        (2) Obligaciones fiscales. Todos los Impuestos,
        derechos o contribuciones que se causen como resultado de del presente Contrato, serán a cargo de la parte que sea responsable
        de cubrirlos conforme a la legislación aplicable.

         

        TERCERA Estipulaciones Generales.

         

        (1) Cesión. Las Partes convienen
        en que ninguna de las Partes podrá en todo o en parte, ceder, transferir, enajenar o negociar en cualquier forma sus derechos
        y obligaciones que adquiere conforme al presente contrato.

         

        (2) Acuerdo Integral. El presente Contrato
        constituye el acuerdo total celebrado entre las Partes y deja sin efecto cualquier acuerdo, declaración, y entendimiento
        previo celebrado entre la Partes con anterioridad en relación con dicho objeto.

         

        (3) Modificaciones. Ninguna variación
        o modificación al presente Contrato, ni renuncia a cualquiera de los términos y disposiciones del presente, se considerará
        valida a menos que sea por escrito y firmada por las Partes al presente Contrato.

         

        (4) Versión Inglés-Español:
        Este contrato tiene versión en español y en inglés, ambos con la misma fuerza legal, sin embargo, en caso
        de controversia acerca del significado en alguna de sus versiones, prevalecerá la versión en español.
	 	
        (2) Taxes. All
        taxes, fees or contributions that are caused as a result of this Agreement, shall be borne by the party who is responsible for
        cover under applicable law.

         

        THIRD. Miscellaneous.

         

        (1) Assignment.
        The parties agree that either party may not in whole or in part, assign, transfer, sell or negotiate their rights and obligations
        acquired in any form under this contract.

         

        (2) Entire Agreement. This
        Agreement constitutes the entire agreement between the parties and supersedes any agreements, statements, and prior understanding
        concluded between the parties previously in connection with the object.

         

        (3) Modifications.
        No variation or amendment of this Agreement or waiver of any of the terms and provisions hereof, shall be deemed valid unless in
        writing and signed by the parties to this Agreement.

         

        (4) English-Spanish
        version: This contract is version Spanish
        and English, both with the same legal
        force, however, in case of dispute about
        the meaning in some version, Spanish
        version shall prevail

 

    	 	 	 

     

    

 

	
        CUARTA. Jurisdicción y ley aplicable.

         

        Para el caso de controversia sobre la interpretación
        o cumplimiento del presente contrato, las Partes se someten expresamente a la Jurisdicción y Competencia de los Tribunales
        y leyes del Distrito Federal, renunciando a cualquier otro fuero o jurisdicción que pudiera corresponderles por razón
        de sus domicilios presentes o futuros o por cualquier otra causa.

         

        Leído que fue por las Partes el
        presente Contrato, conformes con su redacción, contenido y alcance, lo firman en dos ejemplares autógrafos en la
        Ciudad de México el día 27 de Agosto de 2015, recibiendo cada Parte el original que les corresponde en su entera
        conformidad.
	 	
        FOURTH. Jurisdiction.

         

        In the case of dispute
        concerning the interpretation or performance of this contract, the parties expressly submit to the Jurisdiction of the Courts and
        laws of the Federal District, Mexico, waiving any other jurisdiction that may correspond by reason of their domiciles or futures
        or any other cause.

         

        Read by the Parties this
        Agreement, consistent with its wording, content and scope, is signed two autographs copies in Mexico City on august 27, 2015, each
        Party receiving the original they deserve in your complete satisfaction.

 

	EL VENDEDOR	 	EL COMPRADOR
	 	 	 
	THE SELLER	 	THE BUYER
	 	 	 
	/s/ PANATRADE BUSINESS LIMITED	 	/s/ QPAGOS Corporation
	 	 	 
	PANATRADE BUSINESS LIMITED	 	Q PAGOS CORPORATIONExhibit 10.13

 

QPAGOS Corporation
- Consulting Agreement

 

This Consulting Agreement
(“Agreement”), effective on the last date of execution (“Effective Date”), is made between QPAGOS Corporation
(hereinafter “QPAGOS” or the “Company”), having offices at 1900 Glades Road, Suite 265, Boca Raton, FL
33431, and Panatrade Business Ltd. (hereinafter “Consultant”), and is for the purpose of obtaining the advice and consulting
services of Consultant by QPAGOS.

 

WHEREAS, the Consultant
has been providing business planning services for the Company’s subsidiaries and the Company desires to engage Consultant
to continue to provide such services to it; and

 

NOW THEREFORE, in consideration
of the mutual promises and covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the Company and Consultant hereto agree as follows:

 

		1.	Field of Service

 

Consultant hereby agrees to assist
the Company with its business planning (“Services”). In rendering Services to the Company, Consultant shall act as
an independent contractor and not as an employee of the Company. Consultant shall devote such time as is necessary to providing
the Services.

 

		2.	Prior or Other Work of Consultant

 

		a.	Consultant hereby warrants that it is free to enter
into this Agreement with the Company and to provide the Services required hereunder.

 

		b.	Consultant represents that it is not a party to any
existing agreement that would prevent it from entering into this Agreement.

 

		c.	Consultant represents that neither its rendering of
the Services to the Company as described herein nor performance of the terms of this Agreement will violate any agreements or
obligations it may have to any other person or entity and it further represents that it will not use the confidential proprietary
information of any other person or entity in the course of rendering Services to the Company nor will it disclose any such information
to the Company.

 

		d.	Consultant agrees that from and after the date hereof
and for a period of twelve (12) months after the termination of this Agreement:

 

		(i)	It will not disrupt, damage, impair, or interfere
with the business of the Company, whether by way of interfering with or raiding its employees, disrupting its relationships with
customers, agents, vendors, distributors or representatives, or otherwise; and

 

    	 	 	 

     

    

 

		(ii)	It will not solicit, induce or aid others in inducing
any employees of the Company to work for an employer which competes with the Company.

 

		(iii)	It will not accept any employment with an entity that
is in direct competition with the Company;

 

		(iv)	It will not own any equity of an entity that is in
direct competition with the Company; provided that Consultant shall not be prohibited from being a passive owner of not more than
five percent (5%) of the equity securities of an entity described in this clause (ii) that is publicly traded and for which he
is in compliance with clauses (i) and (iii); or

 

		(v)	Permit its name to use by, act as consultant or advisor
to, render material services for, or otherwise assist in any manner any person or entity, in each case with regard to an entity
engaged in physical and virtual payment services in Mexico.

 

		e.	Consultant agrees that during the course of its engagement
or at any time thereafter, its, or its agents, family and/or representatives shall refrain from (i) all conduct, verbal or otherwise,
which would materially damage the reputation, goodwill or standing in the community of the Company, its affiliates, subsidiaries,
divisions, agents and related parties and their respective principals, owners (direct or indirect), members, directors, officers,
agents, servants, employees, parties, attorneys and other professionals, successors and assigns (collectively, the “Company
Related Parties”) and (ii) referring to or in any way commenting on the Company and/or any of the other the Company Related
Parties in or through the general media or any public domain (including without limitation, internet websites, blogs, chat rooms
and the like), which would materially damage, the reputation, goodwill or standing in the community of the Company and/or any
of the Company Related Parties.

 

		3.	Compensation

 

		a.	The Company agrees to pay Consultant for the Services
previously rendered to the subsidiaries and for the future services as follows: Seven Hundred Ninety Nine Thousand Six Hundred
Two (799,602) shares of the Company’s common stock, all of which is earned on the date of issuance.

 

		b.	Consultant will file its own tax returns on the basis
of its status as an independent contractor for the reporting of all income, social security, employment and other taxes due and
owing on the consideration received by herunder this Agreement. Consultant shall be solely responsible for, and shall pay such
taxes in accordance with applicable law. Similarly, Consultant shall not be entitled to benefits specifically associated with
employment status, such as medical, dental and life insurance, stock or stock options of the Company and shall not be entitled
to participate in any other Company benefit programs.

 

    	 	2	 

     

    

 

		4.	Ownership of Intellectual Property and Disclosure
of Information to QPAGOS

 

		a.	All writings, ideas, concepts, inventions, discoveries,
methods, devices, developments, or improvements produced, conceived, developed or reduced to practice by Consultant exclusively
pursuant to this Agreement, either solely or jointly with others, shall be solely owned by the Company and fully and promptly
disclosed to the Company in writing. Without limiting the foregoing, Consultant further acknowledges that all original works of
authorship by Consultant, whether created alone or jointly with others, related to Consultant’s consulting services to the
Company and which are protectable by copyright, are "works made for hire" within the meaning of the United States Copyright
Act, 17 U.S .C. (S) 101, as amended, and the copyright of which shall be owned solely, completely and exclusively by the Company.

 

		b.	Consultant hereby assigns, and agrees to promptly grant
and assign, to the Company all rights in and to any and all copyrights, inventions, discoveries, and improvements resulting from
or arising out of Consultant’s performance in connection with this Agreement or pursuant thereto, which Consultant may make,
conceive or reduce to practice, either solely or jointly with any other person. Consultant further agrees that all letters patent
that may be granted therefore, and all reissues or reexaminations thereof, shall be for the sole use and benefit of the Company
and it shall at once become entitled thereto. Any assignment of copyright hereunder includes all rights of paternity, integrity,
disclosure and withdrawal and any other rights that may be known as or referred to as "moral rights" (collectively "Moral
Rights"). To the extent such Moral Rights cannot be assigned under applicable law and to the extent the following is allowed
by the laws in the various countries where Moral Rights exist, Consultant hereby waives such Moral Rights and consents to any
action of the Company that would violate such Moral Rights in the absence of such consent. Consultant agrees to confirm any such
waivers and consents from time to time as requested by the Company.

 

		c.	Consultant shall promptly and at all times hereafter,
execute, deliver, make oaths, sign all papers, give evidence and testimony and, at the Company 's expense, perform any and all
acts that may be necessary or proper in the opinion of the Company to carry out the terms of the Agreement and to vest said copyrights,
inventions, discoveries, patents, reissues and improvements in the Company, as described above in Section 4b, so as to enable
it to lawfully obtain and maintain full right, title and interest thereto in any and all countries whatsoever, including all such
descriptions, sketches, drawings, and other papers relating thereto as the Company may need or call for, and to render to the
Company for reasonable compensation all such assistance and cooperation as the Company may require: (i) in the prosecution of
applications for patents; or applications for reissue or reexamination of patents; (ii) in the prosecution or defense of all interferences
which may be declared involving any of such applications; (iii) in applying for registrations of copyrights; and (iv) in any and
all litigation in which the Company may be directly or indirectly involved relating to such copyrights, inventions, discoveries,
patents, reissues, and improvements.

 

    	 	3	 

     

    

 

		d.	Consultant hereby irrevocably designates and appoints
the Company and its duly authorized officers and agents as Consultant’s agents and attorneys-in-fact to act for and on behalf
and instead of Consultant to execute and file any documents pursuant to Section 4b and 4c and enforce the Company’s rights
under this Agreement.

 

		e.	Consultant shall not, without the prior written consent
of the Company, use or make available to others for any purpose, any of the writings, inventions, discoveries or improvements
produced, conceived or made exclusively in its role as consultant to the Company under this Agreement or pursuant thereto, and
shall treat all information relating to said writings, inventions, discoveries and improvements as being proprietary information
of the Company, and the terms and obligations of the Agreement titled “QPAGOS’ Proprietary Information” shall
apply thereto.

 

		5.	QPAGOS’ Proprietary Information

 

		a.	As used herein, “QPAGOS’ Proprietary Information”
includes, but is not limited to, any process, method, device, apparatus, manufacturing procedure, operating condition, database
specifications, data, plans, drawings, techniques, compositions, inventions (patentable or otherwise), improvements, business
strategy, financial and business information, product idea, formula, copyrightable or patentable material, schematic, biological
material and techniques for their handling and use, plans and procedures related to carrying out clinical trials, results of clinical
trials, statistical analysis of clinical trial data, and any other confidential information of the Company or its customers or
clients which Consultant may learn of, or be exposed to, from time to time prior to the Effective Date of the Agreement or during
the Consultant’s engagement under this Agreement.

 

		b.	Consultant further acknowledges that the Company is
engaged in a continuous program of research, development and production and possesses or has rights to information (including
information Consultant may develop exclusively in the course of performing Services for the Company) which has commercial value
in the Company’s business and constitutes part of the QPAGOS’ Proprietary Information.

 

    	 	4	 

     

    

 

		c.	During the Consultant’s engagement under this
Agreement and for a period of five (5) years after termination of this Agreement, Consultant agrees to keep confidential, use
only for purposes of performing Services under this Agreement and not to disclose to any person, firm, partnership, association,
corporation, or other entity nor use for Consultant's own use or benefit, or for the benefit of third parties, any and all QPAGOS’
Proprietary Information furnished hereunder by the Company or developed by the Company or Consultant during the Consultant’s
engagement under this Agreement and it will keep in strictest confidence any other information which the Company has heretofore
disclosed or may hereafter disclose to Consultant or permit Consultant to observe in connection with the performance of the Agreement,
including, but not limited to, confidential information of others with which the Company has a business relationship.

 

		d.	Consultant agrees that any person employed or engaged
by him or her to render Services pursuant to this Agreement to the Company will be bound by the terms and conditions set forth
in Sections 4 and 5 hereof, which terms and conditions Consultant will specifically call to the attention of any person so employed
or engaged.

 

		e.	Consultant acknowledges that all QPAGOS’ Proprietary
Information is the sole property of the Company and its assigns, and the Company and its assigns shall be the sole owner of all
trade secrets, patents, copyrights and other rights in connection therewith.

 

The foregoing obligations
shall not apply to any information which (i) Consultant can demonstrate was in its possession prior to the time of its disclosure
by the Company; (ii) is or becomes available to the general public through no fault of Consultant; or (iii) is disclosed to Consultant
by a third party who is not under a confidentiality obligation to the Company.

 

    	 	5	 

     

    

 

		6.	Return of Proprietary Information

 

Consultant hereby acknowledges
that all documents, devices, software, computer code, records, files, lists, apparatus, equipment, drawings, diagrams, models,
data, notes, memoranda, information, photographs, and/or copies made and other physical property, whether or not pertaining to
QPAGOS’ Proprietary Information (collectively, “Property”), furnished to Consultant by the Company or generated
by Consultant or at or under its direction or control for the purpose of carrying out any project or assignment under this Agreement
or during work performed on or during the performance of any project performed under this Agreement belong to and are the property
of the Company and all Property so made, modified, generated or obtained from the Company or from any of the Company’s suppliers
or customers by Consultant or at or under its direction or control during such work performed on or during the performance of any
project shall be promptly delivered to and turned over to the Company upon request of the Company or upon termination of any project
or service performed under this Agreement, whichever shall first occur. Consultant will not take with herany such Property or any
reproduction thereof upon such termination.

 

		7.	Restriction Against License

 

Nothing contained in this Agreement
shall be deemed to grant Consultant any license under any of the Company’s copyrights, patents, trademarks, trade secrets,
or patent applications now or hereafter issued or filed, or any license to use any QPAGOS’ Proprietary Information, except
in the performance for the Company of the Services expressly required hereunder.

 

		8.	Limitations

 

		a.	Consultant agrees that there will be no publication
or other release of information about this Agreement, or the contents or subject matter thereof, such as by press release or otherwise,
without the prior written consent of the Company.

 

		b.	Consultant acknowledges that at the time of this Agreement
it is under no other obligation to any third party that would interfere with its rendering consulting services to the Company.

 

		c.	The Company acknowledges that the Consultant is not
a "Contract Research Organization" or "Sponsor" as defined in Title 2.1 of the U.S. Code of Federal regulations,
and the Company shall retain full responsibility for the content of certain documents and regulatory submission, for interpretation
of the data contained therein and for the timing, preparation and processing of regulatory submissions.

 

    	 	6	 

     

    

 

		d.	The Company acknowledges that the Consultant shall
at all times during the Consultant’s engagement under this Agreement act as an independent contractor and not as an employee
or agent of the Company, and shall not assume or incur any benefits, rights, or obligations related to said employee or agent
status. Neither party shall be authorized to act as the agent for the other, nor shall either be bound by the acts of the other,
except as otherwise specifically provided in this Agreement. Consultant further agrees and understands that it is personally and
solely responsible for acts of negligence, maintaining insurance, and payment of personal taxes and social security

 

		e.	Nothing contained in this Agreement shall be construed
as prohibiting the Company from disclosing the name of the Consultant and its relationship with the Company as a consultant and
advisor, in various documents used by the Company for capital raising and financing or other purposes, including, without limitation,
its website and in one or more press releases announcing or referencing the Consultant’s affiliation with the Company.

 

		9.	Term, Termination

 

		a.	This Agreement shall terminate six (6) months from
the Effective Date of this Agreement unless extended in writing upon mutual agreement of the parties for additional six (6) month
periods.

 

		b.	This Agreement may be terminated by the Company or
the Consultant with thirty (30) days prior written notice, such notice to be sent by e-mail, registered mail or private courier.
The Company shall pay Consultant for any authorized Services provided prior to the end of the notice period.

 

		c.	"Termination" as used herein shall in no
way effect Sections 2, 4, 5, 7 and 9 herein, and it is the desire of the parties hereto that these paragraphs survive the termination
of this Agreement and be enforced regardless of any termination, forfeiture of default by any party hereunder.

 

		10.	Sufficiency of Consideration

 

Consultant hereby acknowledges
the sufficiency of the above stated fee as consideration of this Agreement.

 

		11.	Waiver

 

A waiver of the breach of any
term, provision, or condition of this Agreement shall not constitute a precedent, nor bind either party to a waiver of any succeeding
breach of the same or any other term, provision, or condition.

 

    	 	7	 

     

    

 

		12.	Construction

 

		a.	This Agreement shall not be construed against the party
preparing it, but should be construed as if all parties jointly prepared this Agreement, and any uncertainties and ambiguities
should not be interpreted against any party. Paragraph captions are inserted for convenience only and will in no way be construed
to define, limit or affect construction or interpretation hereof.

 

		b.	This Agreement shall be construed under, governed by,
and the rights and obligations of the parties determined in accordance with the laws of the State of Florida, without giving effect
to the principles of conflicts of law.

 

		13.	Severability

 

If for any reason one or more
provision or provisions of this Agreement are decreed null, void, or illegal by a court of competent jurisdiction such decree will
in no way affect the remaining portions of the Agreement.

 

		14.	Headings

 

The Headings of the sections
are inserted for convenience or reference only and shall not affect any interpretation of this Agreement.

 

		15.	Notices

 

Any notices or other communications
under this Agreement shall be in writing and shall be deemed to have been given: when delivered personally against receipt therefore;
one day after being sent by Federal Express or similar overnight delivery; or three day after being mailed by registered or certified
mail, postage prepaid, to a party hereto at the address set forth below, or to such other address as such party shall give by notice
hereunder to the other party to this Agreement.

 

If to the Company:

 

QPAGOS Corporation

1900 Glades Road, Suite 265, Boca
Raton, FL 33431

Attention: Gaston Pereira

 

If to Consultant:

 

The address set forth for Consultant in the Company’s
books and records

 

    	 	8	 

     

    

 

		16.	Entire Agreement Modification

 

This Agreement together with
the Non-Disclosure Agreement and the Employment Agreement previously signed by Consultant and the Company are the entire agreements
of the parties relating to the subject matter hereof and thereof, and the parties hereto and thereto have made no agreements, representations
or warranties relating to the subject matter of this Agreement which are not set forth herein or therein. No amendment or modification
of this Agreement shall be valid unless made in writing and signed by each of the parties hereto.

 

		17.	Binding Effect

 

The rights, benefits, duties
and obligation under this Agreement shall inure to, and be binding upon the Company, its successors and assigns, and upon Consultant
and its legal representative. This Agreement constitutes a personal service agreement, and the performance of Consultant's obligations
hereunder may not be transferred or assigned by Consultant and any such purported transfer or assignment shall null and void ab
initio.

 

		18.	Assignability

 

This Agreement and the rights
and duties hereunder may not be assigned by either party without first obtaining the written consent of the other, which consent
will not be unreasonably withheld. Any such purported assignment, without the written consent of the other party, will be null,
void, and of no effect. Notwithstanding the foregoing, the Company may assign this Agreement (i) to a purchaser, merging or consolidation
corporation, or acquirer of substantially all of the Company's assets or business and/or pursuant to any reorganization qualifying
under section 368 of the Internal Revenue Code of 1986 as amended, as may be in effect at such time, or (ii) to an Affiliate of
the Company without such prior written consent.

 

    	 	9	 

     

    

 

IN WITNESS WHEREOF,
the parties hereto, intending to be legally bound thereby, have executed this Agreement as of the last day and year written below.

 

QPAGOS CORPORATION

 

	By:	/s/ Gaston Pereira	 	Date:	10/29/15
	Name: 	Gaston Pereira	 	 	 
	Title: 	President	 	 	 

 

Consultant

 

PANATRADE BUSINESS LTD.

 

	By	/s/ Victor Amirov	 	Date:	10/29/15
	 	Victor Amirov	 	 	 

 

    	 	10

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