Document:

Warrant

Warrant
No. 

June
2013-___

 

Digital
 Caddies, 
Inc. 

(an
Oklahoma
Corporation)

 

Warrant
for
the
Purchase
of ______
Shares
of Common
Stock,
Par Value
$0.001

 

[This
Warrant
Will
Be Void
After
5:00
P.M.
Pacific
Time
On
December 19, 2014

 

These
securities
have not
been registered
with
the
U.S.
Securities
and Exchange
Commission
(the
“SEC”) under
the Securities
Act
of 1933, as
amended
(the “Securities
Act”),
and are
being
offered in
reliance
on exemptions
from registration
provided
in Section
4(2)
of the
Securities
Act and
Rule 506
of Regulation
D promulgated
thereunder
and preemption
from the
registration
or qualification
requirements
(other
than notice
filing and
fee provisions)
of applicable
state
laws under
the
National
Securities
Markets
Improvement
Act
of 1996.

 

 

THIS
WARRANT
(this
“Warrant”)
certifies that,
for
value
received
___________ or registered
assigns
(the “Holder”
 or
“Holders”),
 is entitled,
at any
time on
or before
5:00
p.m.
Pacific 
Standard
 Time
on December 19,
2014, to subscribe
for,
purchase,
and receive
___________ shares
(the “Shares”)
of fully
paid and
non-assessable
common stock,
par value
 $0.001
(the 
“Common Stock”)
of Digital
 Caddies,
Inc.,
 an Oklahoma
Corporation
(the 
“Company”).
Two Warrants
are exercisable
to purchase
1 Share
at a
price of
$0.20
per share
(the “Exercise
Price”). The
number of
Shares to
be received
on exercise
of this
Warrant
and the
Exercise Price
may be
adjusted
on the
occurrence
of certain
events
as described
herein.
If the
rights
represented
hereby
are not exercised
by 5:00
p.m.
Pacific Standard
Time
on December 19,
2014, this
Warrant
shall
automatically
become
void and
of no
further
force
or effect, and
all rights
represented
hereby
shall
cease and
expire.

 

Subject
 to the
terms
set forth
herein,
this
Warrant
 may
be assigned
 by
the
Holder
 in whole
or in
part
by execution
 of the
 form
of assignment
attached
hereto or
may be
 exercised
 by 
the 
Holder
in  whole
or in 
part by
execution
of the
form
of exercise
attached
hereto
and payment of
the Exercise
Price
in the
manner described
above, all
subject
to the
terms
hereof.

 

1.
 Exercise
of Warrants.
The Holder
shall
have
the
rights
of a
stockholder
only
with
respect
to Shares
fully
paid
for
by the
Holder
under this
Warrant.
On the
exercise
of all
or any
portion
of this
Warrant
in the
manner
provided
above,
the Holder
exercising
the same
shall
be deemed
to have
become
a Holder
of record
of the
Shares as
to which
this
Warrant
is exercised
for
all purposes,
and certificates
for
the
securities
so purchased
shall
be delivered
to the
Holder
within
a reasonable
time,
but in no
event
longer
than
10 days
after this
Warrant
shall
have
been
exercised
as set forth
above.
If this
Warrant
shall
be exercised
in respect
to only
a part
of the
Shares covered
hereby,
the Holder
shall be
entitled
to receive
a similar
Warrant
of like
tenor and
date covering
the number of
Shares with
respect
to which
this
Warrant
shall
not have
been exercised.

 

2.
 Assignment
 of
Warrants.
In the
event
this
Warrant
is assigned
in the
manner
provided
herein,
the Company,
upon request
and
upon surrender
of this
Warrant
by the
Holder
at the
principal
office of
the Company
accompanied
by payment
of all transfer
taxes,
if any,
payable
in connection
therewith,
shall
transfer
this
Warrant
on the
books of the
Company.
If the
assignment
is in whole,
the
Company
shall
execute
and
deliver
a new
Warrant
or Warrants
of like
 tenor
 to
this
 Warrant
to the
appropriate
assignee
expressly
evidencing
the
right to
purchase
the aggregate
number of
Shares purchasable
 hereunder;
and
if the
assignment
is in part,
the Company
shall
execute
and deliver
to the
appropriate
assignee
a new Warrant
or Warrants
of like
tenor expressly
evidencing
the right
to purchase
the portion
of the
aggregate
number of
Shares as
shall
be contemplated
by any
such
agreement,
and shall
concurrently
execute
and deliver
to the
Holder
a new
Warrant
of like
tenor
to this
Warrant
evidencing
 the
right to
purchase
the remaining
portion
of the
Shares purchasable
hereunder
that
have
not been
transferred
to the
assignee.

 

3.
 Fully
Paid
Shares.
The Company
 covenants
 and
agrees
that
the
Shares
that
may
be issued
on the
exercise
of this
Warrant
will, on
issuance
pursuant
to the
terms of
this
Warrant,
be fully
paid and
non-assessable,
free from
all taxes,
liens,
and
charges
with respect
to the
issue
thereof,
and
not issued
in violation
of the
preemptive
 or

    	 

    	 

    

similar
right
of any
other
person.
The Company
further
covenants
and
agrees
that
during
the
period
within
which
the rights
 represented
 by this
Warrant may
be exercised,
the Company
will have
authorized
and reserved
a sufficient
number of
Shares of
Common Stock
to provide
for the
exercise
of the
rights
represented
by this
Warrant.

 

4.
Call Provision. If the closing market price of the Company’s common
stock exceeds $0.40 per share (subject to adjustment for forward and reverse stock splits, recapitalizations, stock dividends and
the like as set forth in Section 5) for each of 10 consecutive Trading Days (the “Measurement Period”), then the Company
may, at any time in its sole discretion, call for the exercise of this Warrant, in its entirety (“Call Right”). To
exercise the Call Right, the Company must deliver to the Holder an irrevocable written notice (a “Call Notice) indicating
that the provisions of this Section of the Warrant have been satisfied, and that the Holder accordingly must exercise all, or a
portion, of this Warrant prior to the Call Date, as defined below. Such Call Notice shall include language notifying Holder that
failure to comply with the Call Notice shall result in the forfeit and cancellation of any unexercised Shares granted to Holder
hereunder. If the conditions set forth above for such Call Notice are met and the Holder has not exercised all of the Shares exercisable
under this Warrant by delivering a Notice of Exercise and payment therefor to the Company within thirty Trading Days after the
date the Call Notice is received by the Holder (such date and time, the “Call Date”), then the Warrants for which a
Notice of Exercise shall not have been received by the Call Date will be cancelled at 5:00 p.m. (Pacific Standard Time) on the
Call Date. In furtherance thereof, the Company covenants and agrees that it will honor all Notices of Exercise with respect to
the Shares subject to a Call Notice that are tendered through 5:00 p.m. (Pacific Standard Time) on the Call Date. Notwithstanding
anything to the contrary set forth in this Warrant, the Company may not deliver a Call Notice or require the cancellation of this
Warrant (and any such Call Notice shall be void), unless, from the beginning of the Measurement Period through the Call Date, (1)
the Company shall have honored in accordance with the terms of this Warrant all Notices of Exercise delivered by 5:00 p.m. (Pacific
Standard Time) on the Call Date, and (2) there is a sufficient number of authorized shares of Common Stock for issuance of all
Shares under this Warrant, and (3) the issuance of the Shares shall not cause a breach of any provision of this Warrant. 

 

5.Adjustment
of Exercise
Price
and
Number
of Shares.

 

(a)
 Adjustment
of Exercise
Price
and
Number
of Shares.
The number
of Shares
purchasable
on the
exercise
 of this
Warrant
 and
the
Exercise Price
shall
 be adjusted
 appropriately
from time
 to time
 as follows:

 

(i)
 In
the
event
the
Company
shall
declare
a dividend
or make
any
other
distribution
on any
capital
stock
of the
Company
payable
in Common Stock,
rights
to purchase
Common Stock,
or securities
convertible
into
Common Stock,
or shall
subdivide
its outstanding
shares
of Common
Stock
into
a greater number
of shares
or combine
such
outstanding
stock
into
a smaller
number of
shares,
then in
each such
event, the
number of
Shares
subject
to this
Warrant
shall
be adjusted
so that
the Holder
shall
be entitled
to purchase
the kind
and number
of Shares
of Common Stock
or other
securities
 of 
the Company
that it
would have
owned or 
have been entitled
to  receive
after
the happening
of any
of the
events
described
above, had
such Warrant
been exercised
immediately
prior
to the
happening
of such
event
or any
record
date
with respect
thereto;
an adjustment
made
pursuant
to  this
subsection
 (a) shall
become
effective 
immediately
after the
effective 
date of
such
event
retroactive
to the
record
date for
such
event.

 

(ii)
 No
adjustment
 in
the
number
of Shares
purchasable
 hereunder
 shall
be required
unless
such
adjustment
would
require
an increase
or decrease
of at least
1% in the
number of
Shares purchasable
on the
exercise
of this
Warrant;
provided, however, that any
adjustments
that
by reason
of this
subsection
(a) are not
required
to be made
shall
be carried forward
and taken
into
account in
any subsequent
adjustment.

 

(iii)
 Whenever
 the
number 
of Shares
 purchasable
 on the
exercise
 of this
Warrant
 is adjusted,
as herein
provided,
the
Exercise Price
payable
on exercise
shall
be adjusted
by multiplying
the Exercise
Price immediately
prior
to such
adjustment
by a fraction,
the numerator
of which
shall
be the
number of
Shares
purchasable
on the
exercise
of this
Warrant
immediately
prior
to such
adjustment
and the
denominator
of which
shall
be the
number of
Shares so
purchasable
immediately
thereafter.

 

(iv)
 Whenever
the
number
of Shares
purchasable
on the
exercise
of this
Warrant
or the
Exercise 
Price 
of  such
 Shares
 is adjusted,
 as 
herein provided,
the Company
shall
 cause
to be promptly
mailed by
first class mail,
postage
prepaid,
to the
Holder
of this
Warrant
notice of
such
adjustment
 or adjustments
and shall
deliver
a resolution
 of the
board of
directors
of the
Company
setting forth
the
number of Shares
purchasable
on the
exercise
of this
Warrant
and the
Exercise
Price
of such
Shares after
such
adjustment,
setting forth
a brief statement
 of the
 facts requiring
 such
adjustment,
together
with
the computation
by which
such
adjustment
was
made.
Such
resolution,
in the absence
of manifest
error,
shall
be conclusive
evidence
of the
correctness
of adjustment.

 

(v)
 All
such
adjustments
 shall
be made
 by
the
board 
of directors
 of
the
Company,
which
shall
be binding
on the
Holder
in the
absence
of demonstrable
error.

 

(b)
No Adjustment
in Certain
Cases.
No adjustments
shall
be made
in connection
with:

 

(i)
the
issuance
of any
Shares
on the
exercise
of this
Warrant;

(ii) the
conversion
of shares
of Preferred
Stock;

(iii)
the
exercise
or conversion
of any
rights,
options,
warrants,
or convertible
securities

containing
the
right
to purchase
or acquire
Common Stock;

 

(iv)
 the
issuance
of additional
Shares
or other
securities
on account
of the
anti-dilution
provisions
contained
in or
relating
to this
Warrant
or any
other
option,
warrant,
or right
to acquire
Common
Stock;

 

(v)
 the
purchase
or other
acquisition
by the
Company
of any
shares
of Common
Stock,
evidences
 of 
its  indebtedness
 or  assets,
 or 
rights,
options,
warrants,
or  convertible
securities
containing
the
right to
subscribe
for
or purchase
Common Stock;
or

 

(vi)
 the
sale or
issuance
by the
Company
of any
shares
of Common
Stock,
evidences
of its
indebtedness
or assets,
or rights,
options,
warrants,
or convertible
securities
containing
the
right to
subscribe
for or
purchase
Common Stock
or other
securities
pursuant
to options,
warrants,
or other
rights
to acquire
Common Stock
or other
securities.

 

6.
Notice
of Certain
Events.
In the
event
of:

 

(a)
 any
taking
 by
the
Company
 of a
record
 of
the
holders
 of
any
class  of
securities
 of the
Company
 for
the
purpose
 of determining
 the
holders
 thereof
who are entitled
 to receive
any dividends
 or other
distribution,
or any
right to
subscribe
 for,
purchase,
 or otherwise
 acquire
any
shares
of stock
of any
class or any
other
securities
or property,
or to receive
any
other
rights;

 

(b)
 any
capital
reorganization
 of
the
Company,
 any
reclassification 
or recapitalization
 of
the capital
stock
of the
Company,
or any
transfer
of all
or substantially
all of
the
assets of
the Company
to any
other
person,
or any
consolidation,
share
exchange,
or merger
involving
the Company;
or

 

(c)
any
voluntary
or involuntary
dissolution,
liquidation,
or winding
up of
the
Company,

 

the
Company
will
mail
to the
Holder(s)
of this
Warrant,
at least
20 days
prior
to the
earliest date
specified
therein,
a notice specifying
the
date on
which any
such
record
is to
be taken
for
the
purpose
of such
dividend,
distribution,
or right;
the
amount and
character
of such
dividend,
distribution,
or right;
or the
date
on which
any
such
reorganization,
reclassification, transfer,
 consolidation,
share
 exchange,
merger,
 dissolution,
liquidation,
or  winding
up  of
 the
Company
will occur
and the
terms and
conditions
of such
transaction
or event.

 

7.
 Limitation
 of Transfer.
 Subject
to the
restrictions
set forth
in paragraph
7 hereof,
this
Warrant
is transferable
at the
offices of
the
Company.
On such
transfer,
every
Holder
hereof
agrees
that
the
Company
may deem
and treat
the
registered
Holder(s)
of this
Warrant
as the
true and
lawful
owner(s) thereof
for
all purposes,
and the
Company
shall
not be
affected by any
notice
to the
contrary.

 

8.
 Disposition
 of
Warrants
 or
Shares. 
Each
registered
 owner
of this
Warrant,
 by acceptance
 hereof,
agrees
 for
itself and
 any
 subsequent
owner(s) 
that,
 before
 any
 disposition
is made
 of any
 Warrants
or Shares
 of Common
 Stock,
the
owner(s) shall
give
written 
notice to
the
Company
 describing
briefly 
the manner
 of any
such
proposed
disposition.
No such
disposition
shall
be made
unless and
until:

 

(a)
 the
Company
 has
received
 written
 assurances
 from
the
proposed
 transferee
 confirming
 a factual
basis
for
relying
on exemptions
from registration
under applicable
federal
and state
securities
laws for
such
transfer
or an opinion
from counsel
for the
Holder(s)
of the
Warrants
or Shares
stating
that no
registration
under the
Securities
Act or
applicable
state statute
is required
with
respect
to such
disposition;
or

 

(b)
 a  registration
 statement
 under
 the
 Securities
 Act
 has
 been
 filed
 by 
the 
Company
 and
declared
effective
by the
SEC covering
such
proposed
disposition
and the
disposition
has been
registered
or qualified,
or is exempt
therefrom,
under the
state having
jurisdiction
over
such
disposition.

 

9.
 Restricted
Securities:
Registration
of Securities.
The Holder
acknowledges
that
this
Warrant
is, and
that
 the
 Shares
 issuable
on exercise
hereof
 will
 be,
“restricted securities”
as that
 term is
defined
in Rule
144 promulgated
under the
Securities
Act. Accordingly,
this
Warrant must
be taken
for
investment
and
held indefinitely.
Likewise,
any Shares
issued
on exercise
of this
Warrant
must
be taken
for investment
and held
indefinitely
and may
not be
resold
unless such
resale is
registered
under
the
Securities
Act
and/or
comparable
state securities
laws or
unless an
exemption
from such
registration
is available.
A legend
to the
foregoing
effect shall
be placed
conspicuously
on the
face of all
certificates for
Shares issuable
on exercise
of this
Warrant.

 

10.
 Reports
under
Exchange
Act.
With
a view
to making
available
to the
Holders
the
benefits
of Rule

144
promulgated
under
the
Securities
Act
and
any
other
rule
or regulation
of the
SEC that
may
at any
time
permit
a Holder
to sell
the
Shares
issuable
on exercise
of this
Warrant,
the
Company
 shall,
until such
Shares
may be
resold
pursuant
to the
provisions
of Rule
144 or any
similar
provision:

 

(a)
make and
keep public
information
available,
as those
terms
are
understood
and defined
in

SEC
Rule
144;

 

(b)
file  with
 the
 SEC 
in  a 
timely
 manner
 all 
reports
 and
 other
 documents
 required
 of 
the

Company
under
the
Securities
Act
and
the
Securities
Exchange
Act
of 1934;
and,

 

(c)
 furnish
to any
Holder,
forthwith
upon request:
(i) a
written
statement
by the
Company
that
it has
complied
with Rule
144, the
Securities
Exchange
Act
of 1934;
and (ii)
a copy
of the
most recent
annual
or quarterly
report
of the
Company
and
such
other
reports
and
documents
so filed
by the
Company;
and
(iii) such
other
information
as may
be reasonably
requested
in availing
any Holder
of any
rule
or regulation
of the
SEC that
permits
the selling
of any
such
securities
without
registration
or pursuant
to such
form.

 

11.
Governing
Law.
This
Warrant
shall
be construed
under
and
be governed
by the
laws
of the
state of

Oklahoma.

 

12.
Notices. 
Any notice,
request
or other
document
required
or permitted
to be
given
or delivered
to the

Holder
by the
Company
shall
be delivered
in accordance
with
the notice
provisions
of the
Purchase
Agreement.

 

13.
 Nonwaiver
 and
 Expenses.
 No 
course
 of 
dealing
 or  any
 delay
 or 
failure
 to 
exercise
 any
 right
hereunder
on the
part
of Holder
shall
operate as
a waiver
of such
right or
otherwise
prejudice
Holder’s
rights,
powers or
remedies,
 notwithstanding
the fact
that
all rights
hereunder
 terminate
 on the
Termination
Date. If
the Company
willfully
and
knowingly
fails to comply
with any
provision
of this
Warrant,
which
results
in any
material damages
to the
Holder,
the Company
shall
pay to
Holder
such
amounts
 as
shall
be sufficient
to cover
any costs
and expenses
including,
but not
limited
to,
reasonable
attorneys’
fees, including
those
of appellate
proceedings,
incurred
by Holder
in collecting
any amounts
due pursuant
hereto 
or in otherwise
enforcing
any of
its rights,
 powers
 or remedies
hereunder.

 

14.
 Remedies.
 Holder,
 in
addition
 to
being
 entitled
 to
exercise
 all
rights
 granted
 by
law, 
including
recovery
of damages,
will
be entitled
to specific
performance
of its
rights
under this
Warrant.
 The
Company
agrees
that
monetary damages
would not
be adequate
compensation
for any
loss
incurred
by reason
of a breach
by it of
the provisions
of this
Warrant
and hereby
agrees
to waive
the defense
in any
action for
specific
performance
that
a remedy
at law would
be adequate.

 

15.
 Successors
 and
 Assigns.
 Subject
 to applicable
 securities
 laws,
 this
 Warrant
 and
 the
 rights
 and
obligations
evidenced
hereby
shall
inure
to the
benefit
of and
be binding
upon the
successors
of the
Company
and
the successors
 and permitted
assigns
of Holder.
The provisions
of this
Warrant
are intended
to be for
the benefit
of all
Holders
of this
Warrant
from the
Initial
Exercise Date
through
the Termination
Date, and
shall
be enforceable
by any
such Holder
or holder
of Warrant
Shares.

16.
 Amendment.
 This
Warrant
may
be modified
or amended
or the
provisions
hereof
waived
with
the written
consent
of the
Company
and the
Holder.

 

17.
 Severability.
 Wherever
possible,
each provision
of this
Warrant
shall
be interpreted
in such
manner
as to
be effective
and
valid
under
applicable
law,
but if any
provision
of this
Warrant
shall
be prohibited
by or
invalid
under applicable
 law,
such
provision
 shall
be ineffective
 to 
the extent
of  such
prohibition
or  invalidity,
 without
invalidating
the remainder
of such
provisions
or the
remaining
provisions
of this
Warrant.

 

18.
 Headings.
 The
headings
used
in this
Warrant
are for
the
convenience
 of reference
only
and
shall
not,
for any
purpose,
be deemed
a part
of this
Warrant.

 

19.
 Loss,
Theft,
Destruction,
or Mutilation.
Upon receipt
by the
Company
of reasonable
evidence
of the
ownership
of and
the loss,
theft,
destruction,
or mutilation
of this
Warrant,
the Company
will
execute
and
deliver,
in lieu
thereof,
a new
Warrant
of like
tenor.

 

20.
Taxes.
The Company
will
pay
all taxes
in respect
of the
issue
of this
Warrant
or the
Shares
issuable
upon exercise
thereof.

 

DATED
this
16th
day
of June
2014.

 

Digital
Caddies,
Inc.

 

 

 

By:

 

           Brad
Nightingale,
CEO

    	 

    	 

    

NOTICE OF EXERCISE

(to be signed only upon exercise of Warrant)

 

TO:DIGITAL CADDIES, INC.

 

The undersigned, the owner
of the attached Warrant, hereby irrevocable elects to exercise the purchase rights represented by the Warrant for, and to purchase
thereunder,____________________shares of Common Stock of Digital Caddies, Inc., and herewith makes payment of $____________________
therefore. Please issue the shares of Common Stock as to which this Warrant is exercised in accordance with the instructions set
forth below and, if the Warrant is being exercised with respect to less than all of the Shares to which it pertains, prepare and
deliver a new Warrant of like tenor for the balance of the Shares purchasable under the attached Warrant.

DATED this
day of 20.

Signature:_________________________________

Signature Guaranteed:________________________

INSTRUCTIONS FOR REGISTRATION OF STOCK

 

	Name:	_________________________________
	 	(Please Type
    or Print)
	Address:	_________________________________
	 	_________________________________
	 	_________________________________

 

 

NOTICE: The signature to the form of purchase
must correspond with the name as written upon the face of the attached Warrant in every particular without alteration or enlargement
or any change whatsoever, and must be guaranteed by a bank, other than a savings bank, or by a trust company or by a firm having
membership on a registered national securities exchange.

 

    	 

    	 

    

 

ASSIGNMENT FORM

 

(To assign the foregoing Warrant,
execute this form and supply required information. Do not use this form to purchase shares.)

 

FOR VALUE RECEIVED,
the foregoing Warrant and all rights evidenced thereby are hereby assigned to

 

	Name:	________________________________________
	 	(Please
    Print)
	Address:	________________________________________
	 	(Please Print)
	Dated: _______________ __, ______	 
	Holder’s
Signature: _________________	 
	Holder’s
Address: __________________COMPENSATION SHARING AGREEMENT

 

This Compensation Sharing
Agreement (the “Agreement”) is made as of March ____, 2013, by and between Digital Caddies, Inc., an Oklahoma corporation
(“Digital Caddies”), Level Eighteen Consulting, Inc., an Illinois corporation (“Level 18”), and Air1 Wireless,
an Illinois company (“Air1”). Digital Caddies, Level 18, and Air1 are sometimes referred to collectively herein as
the “Parties,” or individually as a “Party.”

RECITALS

WHEREAS, Level 18
and Air1 are each a Certified Business Dealer authorized by Sprint Wireless (“Sprint”);

 

WHEREAS, Level 18
and Air1 each receive compensation from Sprint for line activations (the “Sprint Activation Compensation”);

 

WHEREAS, Digital
Caddies has agreed to initiate line activations for the benefit of Level 18 and Air 1 (the “Digital Caddies Initiation”)
in exchange for the payment of a certain percentage of the Sprint Activation Compensation (the “Digital Caddies Compensation”)
to be paid in accordance with the terms and conditions set forth herein;

 

WHEREAS, Digital
Caddies is a provider of certain technology services to be installed and utilized on selected golf courses (the “Digital
Caddies Services”); and

 

WHEREAS, as a result
of negotiations by and between Digital Caddies, Level 18, and Air1, the Parties have proposed a resolution that they deem to be
fair, just and equitable.

AGREEMENT

NOW, THEREFORE,
in consideration of the premises and the mutual promises herein made, and in consideration of the representations, warranties,
and covenants herein contained, the Parties, intending to be legally bound, hereby agree as follows:

 

Section 1.Recitals. The foregoing
recitals express the true intentions of the Parties and are hereby incorporated by reference into this Agreement.

Section 2.Compensation
Sharing. 

(a) General
Activation Compensation. Digital Caddies shall receive 75% of the Sprint Activation Compensation that is received by Level
18 as a result of the Digital Caddies Initiation, unless the Sprint Activation Compensation: (i) was received by Level 18 in relation
to line activations initiated by Digital Caddies on golf courses operated by KemperSports (“Kemper”) or Marriott Hotels
and Resorts (“Marriott”), collectively referred to herein as the “Exempt Courses”; and (ii) Marc Lonson
(“Mr. Lonson”) was responsible for the sale of the Digital Caddies Services to the Exempt Course.

(b) Exempt Courses
Activation Compensation. In the event that Digital Caddies initiates line activations on one of the Exempt Courses and Mr.
Lonson was responsible for the sale of the Digital Caddies Services to that Exempt Course, Digital Caddies shall receive 50% of
the Sprint Activation Compensation that is received by Level 18 as a result of the Digital Caddies Initiation.

 

(c)Notices and Accounting.
The Parties shall provide notice to the other Parties of all line activations initiated and which are eligible for the Sprint Activation
Compensation under this Agreement. Upon request, the Parties agree to furnish to the other Parties all financial statements, invoices,
receipts, checks, correspondence and any and all other documentation necessary to provide an accurate accounting of all compensation
owed under this Agreement within 10 business days after the request is made by the requesting Party.

 

(d)Effective Date and the Closing.
This Agreement shall be effective upon the execution of this Agreement by all of the Parties (the “Closing”).

Section 3.Digital
Caddies’ Representations and Warranties. Digital Caddies represents and warrants to Level 18 and Air1 that the statements
contained in this Section 3 are true and correct in all aspects as of the date of this Agreement and will be true and correct as
of the date of the Closing as though made then and as though the date of the Closing were substituted for the date of this Agreement
throughout this Section 3.

(a) Organization
of Digital Caddies. Digital Caddies is a corporation duly incorporated, validly existing, and in good standing under the laws
of the State of Oklahoma.

 

(b) Authorization
of Agreement. Digital Caddies has full power and authority to execute and deliver this Agreement and to perform its obligations
hereunder. Without limiting the generality of the foregoing, the majority of the directors of Digital Caddies shall have duly authorized
the execution, delivery, and performance of this Agreement by Digital Caddies. This Agreement constitutes the valid and legally
binding obligation of Digital Caddies, enforceable in accordance with its terms and conditions.

 

(c) Non-contravention.
Neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated hereby, will (i) violate
any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other restriction of any government,
governmental agency, or court to which Digital Caddies is subject or any provision of the charter or bylaws of Digital Caddies
or (ii) conflict with, result in a breach of, constitute a default under, result in the acceleration of, create in any party the
right to accelerate, terminate, modify, or cancel, or require any notice under any agreement, contract, lease, license, instrument,
or other arrangement to which Digital Caddies is a party or by which it is bound or to which any of its assets is, except where
the violation, conflict, breach, default, acceleration, termination, modification, cancellation, failure to give notice, or lien
would not have a material adverse effect. Digital Caddies needs to give no notice to, make any filing with, or obtain any authorization,
consent, or approval of any government or governmental agency in order for the Parties to consummate the transactions contemplated
by this Agreement, except where the failure to give notice, to file, or to obtain any authorization, consent, or approval would
result in rendering this Agreement unenforceable in a court of competent jurisdiction.

 

(d) Brokers' Fees.
Digital Caddies has no liability or obligation to pay any fees or commissions to any broker, finder, or agent with respect to the
transactions contemplated by this Agreement for which Level 18 or Air1 could become liable or obligated.

 

(e) Legal Compliance.
Digital Caddies has complied with all applicable laws, including rules, regulations, codes, plans, injunctions, judgments, orders,
decrees, rulings, and charges thereunder of federal, state, local, and foreign governments, and no action, suit, proceeding, hearing,
investigation, charge, complaint, claim, demand, or notice has been filed or commenced alleging any failure so to comply, except
where the failure to comply would not have a material adverse effect.

 

(f) Disclosure.
The representations and warranties contained in this Section 3 do not contain any untrue statement of a material fact or omit to
state any material fact necessary in order to make the statements and information contained in this Section 3 not misleading.

 

Section 4.Level
18 Consulting’s Representations and Warranties. Level 18 represents and warrants to Digital Caddies and Air1 that the
statements contained in this Section 4 are true and correct in all aspects as of the date of this Agreement and will be true and
correct as of the date of the Closing as though made then and as though the date of the Closing were substituted for the date of
this Agreement throughout this Section 4.

(a) Organization
of Level 18 Consulting. Level 18 is a corporation duly incorporated, validly existing, and in good standing under the laws
of the State of Illinois.

 

(b) Authorization
of Agreement. Level 18 has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder.
Without limiting the generality of the foregoing, the majority of the directors of Level 18 shall have duly authorized the execution,
delivery, and performance of this Agreement by Level 18. This Agreement constitutes the valid and legally binding obligation of
Level 18, enforceable in accordance with its terms and conditions.

 

(c) Non-contravention.
Neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated hereby, will (i) violate
any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other restriction of any government,
governmental agency, or court to which Level 18 is subject or any provision of the charter or bylaws of Level 18 or (ii) conflict
with, result in a breach of, constitute a default under, result in the acceleration of, create in any party the right to accelerate,
terminate, modify, or cancel, or require any notice under any agreement, contract, lease, license, instrument, or other arrangement
to which Level 18 is a party or by which it is bound or to which any of its assets is, except where the violation, conflict, breach,
default, acceleration, termination, modification, cancellation, failure to give notice, or lien would not have a material adverse
effect. Level 18 needs to give no notice to, make any filing with, or obtain any authorization, consent, or approval of any government
or governmental agency in order for the Parties to consummate the transactions contemplated by this Agreement, except where the
failure to give notice, to file, or to obtain any authorization, consent, or approval would result in rendering this Agreement
unenforceable in a court of competent jurisdiction.

 

(d) Brokers' Fees.
Level 18 has no liability or obligation to pay any fees or commissions to any broker, finder, or agent with respect to the transactions
contemplated by this Agreement for which Digital Caddies or Air1 could become liable or obligated.

 

(e) Legal Compliance.
Level 18 has complied with all applicable laws, including rules, regulations, codes, plans, injunctions, judgments, orders, decrees,
rulings, and charges thereunder of federal, state, local, and foreign governments, and no action, suit, proceeding, hearing, investigation,
charge, complaint, claim, demand, or notice has been filed or commenced alleging any failure so to comply, except where the failure
to comply would not have a material adverse effect.

 

(f) Disclosure.
The representations and warranties contained in this Section 4 do not contain any untrue statement of a material fact or omit to
state any material fact necessary in order to make the statements and information contained in this Section 4 not misleading.

 

Section 5.Air1
Wireless’ Representations and Warranties. Air1 represents and warrants to Digital Caddies and Level 18 that the statements
contained in this Section 5 are true and correct in all aspects as of the date of this Agreement and will be true and correct as
of the date of the Closing as though made then and as though the date of the Closing were substituted for the date of this Agreement
throughout this Section 5.

(a) Organization
of Air1 Wireless. Air1 is a company duly formed, validly existing, and in good standing under the laws of the State of Illinois.

 

(b) Authorization
of Agreement. Air1 has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder.
All of the appropriate and necessary persons shall have duly authorized the execution, delivery, and performance of this Agreement
by Air1. This Agreement constitutes the valid and legally binding obligation of Air1, enforceable in accordance with its terms
and conditions.

 

(c) Non-contravention.
Neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated hereby, will (i) violate
any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other restriction of any government,
governmental agency, or court to which Air1 is subject or any provision of the charter or bylaws of Air1 or (ii) conflict with,
result in a breach of, constitute a default under, result in the acceleration of, create in any party the right to accelerate,
terminate, modify, or cancel, or require any notice under any agreement, contract, lease, license, instrument, or other arrangement
to which Air1 is a party or by which it is bound or to which any of its assets is, except where the violation, conflict, breach,
default, acceleration, termination, modification, cancellation, failure to give notice, or lien would not have a material adverse
effect. Air1 needs to give no notice to, make any filing with, or obtain any authorization, consent, or approval of any government
or governmental agency in order for the Parties to consummate the transactions contemplated by this Agreement, except where the
failure to give notice, to file, or to obtain any authorization, consent, or approval would result in rendering this Agreement
unenforceable in court of competent jurisdiction..

 

(d) Brokers' Fees.
Air1has no liability or obligation to pay any fees or commissions to any broker, finder, or agent with respect to the transactions
contemplated by this Agreement for which Digital Caddies or Level 18 could become liable or obligated.

 

(e) Legal Compliance.
Air1has complied with all applicable laws, including rules, regulations, codes, plans, injunctions, judgments, orders, decrees,
rulings, and charges thereunder of federal, state, local, and foreign governments, and no action, suit, proceeding, hearing, investigation,
charge, complaint, claim, demand, or notice has been filed or commenced alleging any failure so to comply, except where the failure
to comply would not have a material adverse effect.

 

(f) Disclosure.
The representations and warranties contained in this Section 5 do not contain any untrue statement of a material fact or omit to
state any material fact necessary in order to make the statements and information contained in this Section 5 not misleading.

 

Section 6.Pre-Closing
and Post-Closing Covenants. The Parties agree as follows with respect to the period between the execution of this Agreement
and the Closing:

 

(a) General.
Each of the Parties will use its reasonable best efforts to take all actions and to do all things necessary and advisable in order
to consummate and make effective the transactions contemplated by this Agreement, including satisfaction, but not waiver, of the
Closing conditions set forth herein.

 

(b) Notices and
Consents. Each of the Parties will give any notices to, make any filings with, and use its reasonable best efforts to obtain
any authorizations, consents, and approvals of governments and governmental agencies in connection with the matters referred herein.

 

(c) Notice of Developments.
Each Party will give prompt written notice to the other Party of any material adverse development causing a breach of any of its
own representations and warranties set forth herein. No disclosure by any Party pursuant to this section, however, shall be deemed
to prevent or cure any misrepresentation, breach of warranty, or breach of covenant.

 

(e)Approvals and
Costs. The Parties agree to obtain all approvals necessary for this Agreement to become effective and each Party agrees to
pay any and all of their own costs associated with this Agreement.

 

Section 7.Conditions
to Obligation to Close.

 

(a) Conditions
to Digital Caddies’ Obligation. The obligation of Digital Caddies to consummate the transactions to be performed by it
in connection with the Closing is subject to satisfaction of the following conditions:

 

(i) the representations
and warranties set forth in Section 3 above shall be true and correct in all material respects at and as of the Closing Date, except
to the extent that such representations and warranties are qualified by the term “material,” or contain terms such
as “Material Adverse Effect” or “Material Adverse Change,” in which case such representations and warranties
shall be true and correct in all respects at and as of the Closing Date;

 

(ii) Digital
Caddies shall have performed and complied with all of its covenants hereunder in all material respects through the Closing, except
to the extent that such covenants are qualified by the term “material,” or contain terms such as “Material Adverse
Effect” or “Material Adverse Change,” in which case Digital Caddies shall have performed and complied with all
of such covenants in all respects through the Closing;

 

(iii) Digital
Caddies shall have, if necessary, procured all of the necessary third-party consents to effectuate this Agreement;

 

(iv) no action,
suit, or proceeding shall be pending before any court or quasi-judicial or administrative agency of any federal, state, local,
or foreign jurisdiction or before any arbitrator wherein an unfavorable injunction, judgment, order, decree, ruling, or charge
would (A) prevent consummation of any of the transactions contemplated by this Agreement, (B) cause any of the transactions contemplated
by this Agreement to be rescinded following consummation, and, (C) adversely affect the right of Digital Caddies to receive the
Digital Caddies Compensation; and

 

(v) all actions
to be taken by Digital Caddies in connection with consummation of the transactions contemplated hereby and all documents required
to effect the transactions contemplated hereby will be reasonably satisfactory in form and substance to Digital Caddies and shall
be delivered to Digital Caddies on or before the Closing Date.

 

(b) Conditions
to Level 18 Consulting’s Obligation. The obligation of Level 18 to consummate the transactions to be performed by it
in connection with the Closing is subject to satisfaction of the following conditions:

 

(i) the representations
and warranties set forth in Section 4 above shall be true and correct in all material respects at and as of the Closing Date, except
to the extent that such representations and warranties are qualified by the term “material,” or contain terms such
as “Material Adverse Effect” or “Material Adverse Change,” in which case such representations and warranties
shall be true and correct in all respects at and as of the Closing Date;

 

(ii) Level
18 shall have performed and complied with all of its covenants hereunder in all material respects through the Closing, except to
the extent that such covenants are qualified by the term “material,” or contain terms such as “Material Adverse
Effect” or “Material Adverse Change,” in which case Level 18 shall have performed and complied with all of such
covenants in all respects through the Closing;

 

(iii) Level
18 shall have, if necessary, procured all of the necessary third-party consents to effectuate this Agreement;

 

(iv) no action,
suit, or proceeding shall be pending before any court or quasi-judicial or administrative agency of any federal, state, local,
or foreign jurisdiction or before any arbitrator wherein an unfavorable injunction, judgment, order, decree, ruling, or charge
would (A) prevent consummation of any of the transactions contemplated by this Agreement, (B) cause any of the transactions contemplated
by this Agreement to be rescinded following consummation, and, (C) adversely affect the right of Digital Caddies to receive the
Digital Caddies Compensation; and

 

(v) all actions
to be taken by Level 18 in connection with consummation of the transactions contemplated hereby and all documents required to effect
the transactions contemplated hereby will be reasonably satisfactory in form and substance to Level 18 and shall be delivered to
Level 18 on or before the Closing Date.

 

(c) Conditions
to Air1 Wireless’ Obligation. The obligation of Air1 to consummate the transactions to be performed by it in connection
with the Closing is subject to satisfaction of the following conditions:

 

(i) the representations
and warranties set forth in Section 5 above shall be true and correct in all material respects at and as of the Closing Date, except
to the extent that such representations and warranties are qualified by the term “material,” or contain terms such
as “Material Adverse Effect” or “Material Adverse Change,” in which case such representations and warranties
shall be true and correct in all respects at and as of the Closing Date;

 

(ii) Air1
shall have performed and complied with all of its covenants hereunder in all material respects through the Closing, except to the
extent that such covenants are qualified by the term “material,” or contain terms such as “Material Adverse Effect”
or “Material Adverse Change,” in which case Air1 shall have performed and complied with all of such covenants in all
respects through the Closing;

 

(iii) Air1
shall have, if necessary, procured all of the necessary third-party consents to effectuate this Agreement;

 

(iv) no action,
suit, or proceeding shall be pending before any court or quasi-judicial or administrative agency of any federal, state, local,
or foreign jurisdiction or before any arbitrator wherein an unfavorable injunction, judgment, order, decree, ruling, or charge
would (A) prevent consummation of any of the transactions contemplated by this Agreement, (B) cause any of the transactions contemplated
by this Agreement to be rescinded following consummation, and, (C) adversely affect the right of Digital Caddies to receive the
Digital Caddies Compensation; and

 

(v) all actions
to be taken by Air1 in connection with consummation of the transactions contemplated hereby and all documents required to effect
the transactions contemplated hereby will be reasonably satisfactory in form and substance to Air1 and shall be delivered to Air1
on or before the Closing Date.

 

Section 7.Term of
Agreement. This Agreement shall have a term of one year and shall automatically be renewed on the first anniversary of the
date of the Closing (the “Renewal Date”) unless: (i) this Agreement is terminated by mutual agreement of all the Parties
at least 30 days prior to the Renewal Date; or (ii) Digital Caddies ceases to employ Sprint as its carrier in providing the Digital
Caddies Services, in which case Digital Caddies may elect to terminate this Agreement at any time by providing 30 days written
notice to the other Parties.

 

Section 8.Miscellaneous.

(a) Survival
of Representations and Warranties. All of the representations and warranties of the Parties contained in this Agreement shall
survive the Closing hereunder.

(b) Press Releases
and Public Announcements. No Party shall issue any press release or make any public announcement relating to the subject matter
of this Agreement prior to the Closing without the prior written approval of the other Parties, provided; however, that any Party
may make any public disclosure it believes in good faith is required by applicable law in which case the disclosing Party will
use its reasonable efforts to advise the other Parties prior to making the disclosure.

(c) Indemnity.
Digital Caddies, Level 18 and Air1 shall each indemnify each other, and the other Parties’ members, officers, partners, employees
and agents (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any
and all losses, claims, damages, liabilities and related expenses, including reasonable counsel fees, charges and disbursements,
incurred by or asserted against any Indemnitee arising out of or in any way connected with, or as a result of (i) the execution
or delivery of this Agreement or any instrument or document contemplated hereby, the performance by the Parties of their respective
obligations hereunder or the consummation of the transactions contemplated hereby, and (ii) any claim, litigation, investigation
or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto.

(d) Confidentiality.
Except as provided herein, the existence and the terms of this Agreement shall be maintained in confidence by the Parties hereto
and their respective officers, members, and employees. Except as compelled to be disclosed by judicial or administrative process
or by other requirements of law, legal process, rule or regulation (including to the extent required in connection with any filings
made by the Parties or their controlling affiliates with the Securities and Exchange Commission or other governmental agency) all
public announcements, notices, or other communications regarding such matters to third parties, including without limitation any
disclosure regarding the transactions contemplated hereby, shall require the prior approval of all Parties hereto.

(e) Entire
Agreement. This Agreement, including the documents referred to herein, constitutes the entire agreement between the Parties
and supersedes any prior understandings, agreements, or representations by or between the Parties, written or oral, to the extent
they relate in any way to the subject matter hereof.

(f) Succession
and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective
successors and permitted assigns. No Party may assign either this Agreement or any of its rights, interests, or obligations hereunder
without the prior written approval of the other Parties.

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

(h) Headings.
The section headings contained in this Agreement are inserted for convenience only and shall not affect in any way the meaning
or interpretation of this Agreement.

(i) Governing
Law. This Agreement shall be governed by and construed in accordance with the domestic laws of the State of Oklahoma without
giving effect to any choice or conflict of law provision or rule that would cause the application of the laws of any jurisdiction
other than the State of Oklahoma.

(j) Amendments
and Waivers. No amendment of any provision of this Agreement shall be valid unless the same shall be in writing and signed
by the Parties. No waiver by any Party of any provision of the Agreement or any default, misrepresentation, or breach of warranty
or covenant hereunder, whether intentional or not, shall be valid unless the same shall be in writing and signed by the Party making
such waiver nor shall such waiver be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty
or covenant hereunder or affect in any way any rights arising by virtue of any prior or subsequent such occurrence.

(k) Severability.
Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect
the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending
term or provision in any other situation or in any other jurisdiction.

(l) Expenses.
Each Party will bear its own costs and expenses (including legal fees and expenses) incurred in connection with this Agreement
and the transactions contemplated hereby.

(m) Construction.
The Parties have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question
of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties and no presumption or
burden of proof shall arise favoring or disfavoring any Party by virtue of the authorship of any of the provisions of this Agreement.
Any reference to any federal, state, local, or foreign statute or law shall be deemed also to refer to all rules and regulations
promulgated thereunder, unless the context requires otherwise.

    	 

    	 

    

IN WITNESS WHEREOF, Digital Caddies
Inc., Level Eighteen Consulting, Inc. and Air1 Wireless have executed this Compensation Sharing Agreement as of the date first
above written.

 

 

DIGITAL CADDIES INC.

(“DIGITAL CADDIES”) 

 

 

 

__________________________________

By: Brad Nightingale

Its: Chief Executive Officer

 

 

LEVEL EIGHTEEN CONSULTING

(“LEVEL 18”)

 

 

 

__________________________________

By: Marc A. Lonson

Its: President

 

 

 

AIR1 WIRELESS

(“AIR1”)

 

 

 

__________________________________

By:

Its:

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