Document:

Exhibit
10.8

  

DIRECTOR
AGREEMENT

 

This
Director Agreement is made as of April 21, 2014 (the "Agreement"), by and between MobileBits Holdings Corporation,
a Nevada corporation ("MobileBits Holdings"), Pringo, Inc., a Delaware company (“Pringo”),
MobileBits Corporation, a Florida corporation (“MobileBits Corporation”), and Hussein Abu Hassan (the “Director”).

 

WHEREAS,
MobileBits Holdings, Pringo, and MobileBits Corporation each appointed the Director as a member of the Board of Directors of each
entity’s board (each, a “Board”) on April 21, 2014 and desire to enter into an agreement with the Director with
respect to such appointment; and

 

WHEREAS,
the Director wishes to accept such appointment and serve MobileBits Holdings, Pringo and MobileBits Corporation on the terms set
forth herein, and in accordance with, the provisions of this Agreement.

 

NOW,
THEREFORE, in consideration of the mutual covenants contained herein, the parties hereto agree as follows:

 

Unless
otherwise specifically noted, the terms and conditions below shall be applicable to the Director with respect to each individual
entity: MobileBits Holdings, Pringo and MobileBits Corporation (each, the “Company”), as if fully set forth
in three separate agreements by and between MobileBits Holdings and Director, Pringo and Director and MobileBits Corporation and
Director.

 

1.Position.
Subject to the terms and provisions of this Agreement, the Company shall cause the Director to be appointed as a member of the
Board and Vice Chairman of the Board of Directors and the Director hereby agrees to serve the Company in that position upon the
terms and conditions hereinafter set forth, provided, however, that the Director's continued service on the Board after the initial
term on the Board shall be subject to any necessary approval by the Company's stockholders.

 

2.Duties.
During the Directorship Term (as defined in Section 5 hereof), the Director shall serve as a member of the Board, and the Director
shall perform services as is consistent with Director’s position with the Company, as required and authorized by the By-Laws
and Articles of Incorporation of the Company, as amended, and in accordance with high professional and ethical standards and all
applicable laws and rules and regulations pertaining to the Director’s performance hereunder, including without limitation,
laws, rules and regulations relating to a public company.

 

    	 

    	 

    

 

The
Director will use his best efforts to promote the interests of the Company. The Company recognizes that the Director (i) is or
may become a full-time employee of another entity and that his responsibilities to such entity must have priority and (ii) sits
or may sit on the Board of Directors of other entities. Notwithstanding same, the Director will use reasonable business efforts
to coordinate his respective commitments so as to fulfill his obligations to the Company and, in any event, will fulfill his legal
obligations as a Director. Other than as set forth above, the Director shall not, without the prior notification to the Board,
engage in any other business activity which could materially interfere with the performance of his duties, services and responsibilities
hereunder or which is in violation of the policies established from time to time by the Company, provided that the foregoing shall
in no way limit his activities on behalf of (i) his current employer and its affiliates or (ii) the Board of Directors of those
entities on which he/she sits. At such time as the Board receives such notification, the Board may require the resignation of
the Director if it determines that such business activity does in fact materially interfere with the performance of the Director’s
duties, services and responsibilities hereunder.

 

The
Director's status during the Directorship Term shall be that of an independent contractor and not, for any purpose, that of an
employee or agent with authority to bind the Company in any respect.

 

3.Board
Committees.The Director hereby agrees to serve on or head a Committee of the Board at the Company’s discretion and
to perform all of the duties, services and responsibilities necessary thereunder.

 

4.Monetary
Remuneration. Section 4 represents the exclusive compensation and benefits that the Director is entitled to for the services
rendered hereunder. All payments and other consideration made or provided to the Director under Section 4 shall be made or provided
without withholding or deduction of any kind, and the Director shall assume sole responsibility for discharging all tax or other
obligations associated therewith. For the sake of clarity, the compensation due under this Agreement shall be in addition to any
other compensation to which the Director is entitled under any employment agreement or other contract or agreement between the
Company and the Director.

 

(a)Stock
Options. MobileBits Holdings shall grant a stock option (the “Option”) to the Director to purchase a total
of one hundred and fifty thousand (150,000) shares of common stock of MobileBits Holdings (the “Common Stock”)
at an exercise price of $0.05 USD per share for the Director’s services rendered hereunder for all three entities, MobileBits
Holdings, Pringo and MobileBits Corporation.

 

		(i)	Vesting
                                         of Stock Options. The Option shall vest and become exercisable on the first anniversary
                                         of the date of grant, provided that none of the Directorship Terms are terminated under
                                         Section 5(d) or Section 5(f). Notwithstanding the above, the Option shall immediately
                                         vest and be issued to the Director if any of the Directorship Terms are terminated in
                                         accordance with Section 5(b), Section 5(c), or Section 5(e) hereof. In the event that
                                         a change of control occurs resulting from (i) a merger of MobileBits Holdings into or
                                         with another person or entity (other than with an affiliated entity or subsidiary of
                                         the Company), or any sale or transfer of the equity interests of MobileBits Holdings
                                         in any such case in which the equity holders of MobileBits Holdings immediately prior
                                         to such transaction possess less than 50% of MobileBits Holdings’ or the surviving
                                         entity's issued and outstanding equity interests immediately after such transaction;
                                         or (ii) the sale by MobileBits Holdings of all or substantially all of its assets, the
                                         Option shall immediately vest and be issued to the Director.

 

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		(ii)	Termination
                                         of Stock Options. The Option expires and shall not be exercised upon the fifth anniversary
                                         of the date of grant; provided that if any of the directorships are terminated under
                                         Section 5(b), Section 5(c), and Section (e), the Option shall terminate upon the expiration
                                         of the applicable time period following termination of service in accordance with the
                                         following:

 

		(A)	eighteen
                                         (18) months after the date of termination, if the directorship is terminated under Section
                                         5(b);

 

		(B)	twelve
                                         (12) months after the date of termination, if the directorship is terminated under Section
                                         5(c);

 

		(C)	three
                                         (3) months after the date of termination, if the directorship is terminated under Section
                                         5(e).

 

(b)Meeting
Fees. For in-person attendance to a Board meeting during the Directorship Term, the Director shall receive $300.00 USD as compensation.
For remote attendance to a Board meeting during the Directorship Term, the Director shall receive $150.00 USD as compensation.

 

(c)Expense
Reimbursements. During the Directorship Term, the Company shall reimburse the Director for all reasonable out-of-pocket expenses
incurred by the Director in attending any in-person meetings, provided that the Director complies with the generally applicable
policies, practices and procedures of the Company for submission of expense reports, receipts or similar documentation of such
expenses. Any expense in excess of $100.00 for a single item and $500 in total must be approved in advance by the Company. Any
reimbursements for allocated expenses (as compared to out-of-pocket expenses of the Director) must also be approved in advance
by the Company.

 

5.Directorship
Term. The "Directorship Term", as used in this Agreement, shall mean the period commencing on the date hereof and
terminating on the earliest of the following to occur:

 

(a)[Intentionally
Omitted]

 

(b)the
death of the Director ("Death");

 

(c)the
disability of the Director during the Directorship Term; For purposes of this Agreement, “Disability” shall mean a
determination by the Company in accordance with applicable law that due to a physical or mental injury, infirmity or incapacity,
the Director is unable to perform the essential functions of his job with or without accommodation for 60 days (whether or not
consecutive) during any 12-month period;

 

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(d)the
termination of the Director from the position of member of the Board by the Director’s resignation;

 

(e)the
removal of the Director from the Board by the shareholders of the Company or their failure of the stockholders to re-elect the
Director to the Board; and

 

(f)the
resignation by the Director from the Board if after the date hereof, the Chief Executive Officer of his current employer determines
that the Director's continued service on the Board conflicts with his fiduciary obligations to his current employer (a "Fiduciary
Resignation").

 

6.Director's
Representation and Acknowledgment. The Director represents to the Company that his execution and performance of this Agreement
shall not be in violation of any agreement or obligation (whether or not written) that he/she may have with or to any person or
entity, including without limitation, any prior employer. The Director hereby acknowledges and agrees that this Agreement (and
any other agreement or obligation referred to herein) shall be an obligation solely of the Company, and the Director shall have
no recourse whatsoever against any stockholder of the Company or any of their respective affiliates with regard to this Agreement.

 

7.Director
Covenants.

 

(a)Unauthorized
Disclosure. The Director agrees and understands that in the Director's position with the Company, the Director has been and will
be exposed to and receive nonpublic information and information relating to the confidential affairs of the Company and its affiliates
(the “Protected Information”), including but not limited to technical information, business and marketing plans, strategies,
customer information, other information concerning the Company's products, promotions, development, financing, expansion plans,
business policies and practices, and other forms of information considered by the Company to be nonpublic, confidential and in
the nature of trade secrets. The Director agrees that any Protected Information shall be used only in furtherance of the performance
of the Director’s position with the Company and in the best interest of the Company. The Director agrees that during the
Directorship Term and thereafter, the Director will keep such information confidential and will not disclose such information,
either directly or indirectly, to any third person or entity without the prior written consent of the Company; provided, however,
that (i) the Director shall have no such obligation to the extent such information is or becomes publicly known or generally known
in the Company's industry other than as a result of the Director's breach of his obligations hereunder and (ii) the Director may,
after giving prior notice to the Company to the extent practicable under the circumstances, disclose such information to the extent
required by applicable laws or governmental regulations or judicial or regulatory process. This confidentiality covenant has no
temporal, geographical or territorial restriction. Upon termination of the Directorship Term, the Director will promptly return
to the Company all property, keys, notes, memoranda, writings, lists, files, reports, customer lists, correspondence, tapes, disks,
cards, surveys, maps, logs, machines, technical data or any other tangible product or document which has been produced by, received
by or otherwise submitted to the Director in the course or otherwise as a result of the Director's position with the Company during
or prior to the Directorship Term, provided that, the Company shall retain such materials and make them available to the Director
if requested by him in connection with any litigation against the Director under circumstances in which (i) the Director demonstrates
to the reasonable satisfaction of the Company that the materials are necessary to his defense in the litigation, and (ii) the
confidentiality of the materials is preserved to the reasonable satisfaction of the Company.

 

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(b)Remedies.
The Director agrees that any breach of the terms of this Section 7 would result in irreparable injury and damage to the Company
for which the Company would have no adequate remedy at law; the Director therefore also agrees that in the event of said breach
or any threat of breach, the Company shall be entitled to an immediate injunction and restraining order to prevent such breach
and/or threatened breach and/or continued breach by the Director and/or any and all entities acting for and/or with the Director,
without having to prove damages, in addition to any other remedies to which the Company may be entitled at law or in equity. The
terms of this paragraph shall not prevent the Company from pursuing any other available remedies for any breach or threatened
breach hereof, including but not limited to the recovery of damages from the Director. The Director acknowledges that the Company
would not have entered into this Agreement had the Director not agreed to the provisions of this Section 7.

 

The
provisions of this Section 7 shall survive any termination of the Directorship Term, and the existence of any claim or cause of
action by the Director against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense
to the enforcement by the Company of the covenants and agreements of this Section 7.

 

8.Insurance
and Indemnification. The Company hereby covenants and agrees that, so long as the Director shall continue to serve as an officer,
director or employee of the Company or any of its affiliates and thereafter so long as the Director shall be subject to any threatened,
pending, or completed action, suit, complaint, hearing, inquiry, investigation, summons, subpoena or other proceeding, whether
civil, criminal, administrative, or investigative (each, a “Proceeding”) by reason of the fact that the Director was
an officer, director or employee of the Company or its affiliates, the Company shall promptly obtain and maintain in full force
and effect directors’ and officers’ liability insurance in reasonable amounts and with customary coverages, from established
and reputable insurers. In addition to and without limiting any other right or remedy available to the Director, the Company agrees
to indemnify and hold Director harmless to the fullest extent authorized in the Company’s Certificate of Incorporation,
as amended, bylaws, as amended, and applicable law, from and against any and all Expenses, directly or indirectly, caused by,
relating to, based upon, arising out of, or in connection with, Director’s performance of his activities as a Director of
the Company, including, without limitation, any act or omission by Director in connection with its acceptance of or the performance
or non-performance of its obligations under this Agreement between the Company and the Director to which these indemnification
provisions are attached and form a part, except to the extent that any such Expenses are found in a final judgment by a court
of competent jurisdiction (not subject to further appeal) to have resulted primarily and directly from the gross negligence, fraud
or willful misconduct of the Director seeking indemnification hereunder. The Company shall advance all Expenses incurred by the
Director in connection with the investigation, defense, settlement or appeal of any Proceeding to which the Director is a party
or is threatened to be made a party by reason of the fact that the Director is or was an Agent of the Company (including services
as an Agent of an Affiliate). The Director hereby undertakes to repay such amounts advanced only if, and to the extent that, it
shall be determined ultimately that the Director is not entitled to be indemnified by the Company as authorized hereby. The advances
to be made hereunder shall be paid by the Company to the Director within twenty (20) days following delivery of a written request
therefor by the Director to the Company. In the event that the Company takes the position that Director is not entitled to indemnification
in connection with the proposed settlement of any Proceeding, Director shall have the right at his own expense to undertake defense
of any such claim, insofar as such Proceeding involves claims against the Director, by written notice given to the Company within
10 days after the Company has notified Director in writing of its contention that Director is not entitled to indemnification;
provided, however, that the failure to give such notice within such 10-day period shall not affect or limit the
Company’s obligations with respect to advancement and indemnification under this Agreement. For purposes of this Agreement,
“Expenses” shall mean all out-of-pocket costs of any type or nature whatsoever (including, without limitation, all
attorneys’ fees and related disbursements), actually and reasonably incurred by the Director in connection with either the
investigation, defense or appeal of a Proceeding or establishing or enforcing a right to indemnification under this Agreement
or otherwise. Any payments to be made to Employee pursuant to this Section 8 shall first be made under insurance policies that
the Employer may maintain generally for the benefit of its employees, if any. An “Affiliate” shall mean any entity
controlling, controlled by or under common control with Employer. The provisions of this Section 8 shall specifically survive
the expiration or earlier termination of this Agreement. Shall any portion of this Section 8 be held to be invalid, unreasonable,
and arbitrary or against public policy, then such portion of the paragraph shall be modified to provide Employee with the fullest
protection that would be permitted by law.

 

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9.Non-Waiver
of Rights. The failure to enforce at any time the provisions of this Agreement or to require at any time performance by the
other party of any of the provisions hereof shall in no way be construed to be a waiver of such provisions or to affect either
the validity of this Agreement or any part hereof, or the right of either party to enforce each and every provision in accordance
with its terms. No waiver by either party hereto of any breach by the other party hereto of any provision of this Agreement to
be performed by such other party shall be deemed a waiver of similar or dissimilar provisions at that time or at any prior or
subsequent time.

 

10.Notices.
Every notice relating to this Agreement shall be in writing and shall be given by personal delivery or by registered or certified
mail, postage prepaid, return receipt requested; to:

 

If
to the Company:

 

MobileBits
Holdings Corporation / Pringo, Inc. / MobileBits Corporation

Attn.
Walter Kostiuk

5901
N. Honore Ave. Ste. 110

Sarasota,
FL 34243

 

If
to the Director:

 

Hussein
Abu Hassan

371
front St. West suite# 220

Toronto,
Ontario M5v-3S8

 

Either
of the parties hereto may change their address for purposes of notice hereunder by giving notice in writing to such other party
pursuant to this Section 10.

 

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11.Binding
Effect/Assignment. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective
heirs, executors, personal representatives, estates, successors (including, without limitation, by way of merger) and assigns.
Notwithstanding the provisions of the immediately preceding sentence, the Director shall not assign all or any portion of this
Agreement without the prior written consent of the Company.

 

12.Entire
Agreement. This Agreement (together with the other agreements referred to herein) sets forth the entire understanding of the
parties hereto with respect to the subject matter hereof and supersedes all prior agreements, written or oral, between them as
to such subject matter.

 

13.Severability.
If any court of competent jurisdiction determines that any provisions set forth in this Agreement, including Section 7, are held
to be invalid, unreasonable, arbitrary or against public policy, then such portion of such provisions shall be enforceable respect
to the maximum duration, scope and territory as the court determines to be reasonable, and all other provisions of this Agreement
shall remain unaffected.

 

14.Governing
Law. This Agreement shall be governed by and construed in accordance with the internal state and federal laws of the State
of Florida, without reference to the principles of conflict of laws. All actions and proceedings arising out of or relating to
this Agreement shall be heard and determined in the county of Sarasota, Florida and the parties hereto hereby consent to the jurisdiction
of such courts in any such action or proceeding; provided, however, that neither party shall commence any such action or proceeding
unless prior thereto the parties have in good faith attempted to resolve the claim, dispute or cause of action which is the subject
of such action or proceeding through mediation by an independent third party.

 

15.Legal
Fees. The parties hereto agree that the non-prevailing party in any dispute, claim, action or proceeding between the parties
hereto arising out of or relating to the terms and conditions of this Agreement or any provision thereof (a "Dispute"),
shall reimburse the prevailing party for reasonable attorney's fees and expenses incurred by the prevailing party in connection
with such Dispute.

 

16.Modifications.
Neither this Agreement nor any provision hereof may be modified, altered, amended or waived except by an instrument in writing
duly signed by the party to be charged.

 

17.Tense
and Headings. Whenever any words used herein are in the singular form, they shall be construed as though they were also used
in the plural form in all cases where they would so apply. The headings contained herein are solely for the purposes of reference,
are not part of this Agreement and shall not in any way affect the meaning or interpretation of this Agreement.

 

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18.Counterparts.
This Agreement may be executed in counterparts (including facsimile and .pdf counterparts), each of which shall be deemed an original
but all of which together shall constitute one and the same instrument.

 

IN
WITNESS WHEREOF, the Company has caused this Director Agreement to be executed by authority of its Board of Directors, and the
Director has hereunto set his hand, on the day and year first above written.

 

	MOBILEBITS HOLDINGS CORPORATION	 
	 	 	 	 
	By:	 	 	 
	 	Name:	Walter
    Kostiuk	 
	 	Title:	Chief
    Executive Officer	 
	 	 	 	 
	MOBILEBITS CORPORATION	 
	 	 	 	 
	By:	 	 	 
	 	Name:	Walter
    Kostiuk	 
	 	Title:	Chief
    Executive Officer	 
	 	 	 	 
	PRINGO, INC.	 
	 	 	 	 
	By:	 	 	 
	 	Name:	Walter
    Kostiuk	 
	 	Title:	Chief
    Executive Officer	 
	 	 	 	 
	DIRECTOR	 
	 	 	 	 
	By:	 	 	 
	 	Name:	Hussein
    Abu Hassan	 
	 	 	 	 

 

 

8Exhibit
10.10

 

AMENDED
EMPLOYMENT AGREEMENT

 

This
Revised Employment Agreement (“Agreement”) is made and entered into as of the 2nd day of July, 2014 (the “Commencement
Date”) by and between MobileBits Corporation, a Florida corporation (the "Employer" or the “Company”),
and Hussein Abu Hassan (the "Employee").

 

WITNESSETH:

 

1.Employment.
The Employer hereby employs the Employee, and the Employee hereby accepts such employment, upon the terms and subject to the conditions
set forth in this Agreement.

 

2.Term.
Subject to the provisions of termination as hereinafter provided, the term of employment under this Agreement shall commence the
Commencement Date and shall continue through the end of the business day on the third anniversary of the Commencement Date (the
“Initial Term”); provided, however, that beginning on the third anniversary of the Commencement Date and on
the first calendar day after the conclusion of the Initial Term of this Agreement or any Renewal Term (each a "Renewal
Date") thereafter, the term of this Agreement shall automatically be extended for one additional year, (each, a “Renewal
Term”) unless either party gives the other written notice of non-renewal at least thirty (30) days prior to any such
Renewal Date. The “term of this Agreement” shall mean period of time beginning as of the Commencement Date and ending
as of the last date that the Employee is employed by the Company.

 

3.Compensation;
Reimbursement, Etc.

 

(a)Basic
Salary. The Employer shall pay to the Employee as compensation for all services rendered by the Employee during the term of
this Agreement a basic annualized salary of $150,000.00 per year (the "Basic Salary"), or such greater sum as
the parties may agree on from time to time, payable monthly on the first day of each month during the term of this Agreement.
The Board of Directors of the Employer and the Employee shall review and discuss the Basic Salary of the Employee and the Employee
shall be entitled to an increase to such Basic Salary from time to time as mutually agreed between them. In addition, the Board
of Directors of the Employer, in its discretion, may, with respect to any year during the term hereof, award a bonus or bonuses
to the Employee in addition to the bonuses provided for in Section 3(b). The compensation provided for in this Section 3(a) shall
be in addition to any pension or profit sharing payments set aside or allocated for the benefit of the Employee.

 

(b)Bonus.
In addition to the Basic Salary paid pursuant to Section 3(a), the Employer shall pay as incentive compensation an annual bonus
based upon the Employee's performance and computed in accordance with an incentive management bonus plan that is each year recommended
and/or approved by the Board of Directors of the Employer. The Employee's participation in such incentive management bonus plan
shall be on the basis and terms as recommended and/or approved by the Board of Directors of the Employer. For each bonus period
during the term of this Agreement the target bonus shall be equal to 100% of the Employee's Basic Salary during such bonus period.

 

    	 

    	 

    

 

(c)Stock
Options. Effective as of the Commencement Date, the Employee shall receive one or more non-qualified stock options to purchase
an aggregate of Fifteen Million (15,000,000) shares of the Employer's common stock. The right to purchase such stock shall be
non-transferable and shall vest immediately upon the Commencement Date. The options shall have a term of seven (7) years and the
exercise price of the options shall be equal to the fair market value of the stock on the date of grant which the parties mutually
agree is $0.08. The Employer may grant said stock options either under the Employer's currently existing stock option plans ("Plans"),
or in such other manner as may be determined by the Employer; provided, however, that the terms pursuant to which the stock option
is granted, if granted outside of the Plans, shall be substantially similar to the terms of grant contained in the Plans, and
further provided, that in any case, the Employer shall make commercially reasonable efforts to cause the shares of common stock
underlying the options to be registered on Form S-8 (or an equivalent registration statement). During the term of of this Agreement,
the Employee shall also be eligible to receive additional stock options as determined by the Board in accordance with the Employer's
practices applicable to senior employees of the Employer.

 

(d)Tax-Gross
Up Payments. In addition to such other amounts as are due and payable under this Agreement, the Company shall make such additional
payments to Employee as are necessary to provide Employee with enough funds to pay any and all taxes attributable to or resulting
from the payment of the Basic Salary, the bonus and any other compensation paid to Employee under this Agreement, including without
limitation to any and all income tax arising under the Internal Revenue Code, and state, Canadian and provincial laws with the
end result that Employee shall receive the Basic Salary and Bonuses as if no such tax was applicable tot he Employee.  The
Company shall make any payments required by this paragraph no later than 105 days after the last day of Employee’s taxable
year following the Employee’s taxable year in which the applicable Basic Salary and Bonuses are paid to the Employee.

 

(e)Benefits
and Perquisites. During the term of this Agreement, Employee shall be provided with the health insurance equivalent to that
provided to other executives of the Company, disability insurance and such other benefits as may be offered by the Company to
executive level employees.

 

(f)Reimbursements.
The Employer shall reimburse the Employee for all reasonable expenses incurred by the Employee in the performance of his duties
under this Agreement including without limitation all travel expenses related to his duties on behalf of the Company; provided,
however, that the Employee must furnish to the Employer an itemized account, satisfactory to the Employer, in substantiation of
such expenditures. In addition, Employer shall pay, or reimburse Employee for, all membership fees and related costs in connection
with Employee's membership in professional and civic organizations which are approved in advance by the Employer.

 

4.Duties.
The Employee is engaged as President and Chief Operating Officers. Subject to the direction and supervision of the Employer’s
Board of Directors, the Employee shall perform such duties as are customarily associated with a President or Chief Operating Officer
of a Nevada corporation.

 

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5.Extent
of Services; Vacations and Days Off.

 

(a)During
the term of his employment under this Agreement, the Employee shall devote such time, energy and attention during regular business
hours to the benefit and business of the Employer as may be reasonably necessary in performing his duties pursuant to this Agreement.

 

(b)The
Employee shall be entitled to at least six weeks of vacation per year with pay and to such personal and sick leave with pay in
accordance with the policy of the Employer as may be established from time to time by the Employer and applied to other senior
employees of the Employer. In addition, the Employee shall be entitled to such fringe benefits as may be provided from time to
time by the Employer to other executives of the Employer or its affiliates.

 

1.Indemnification.
The Employer shall indemnify the Employee to the fullest extent that would be permitted by law as in effect at the time of the
subject act or omission, or by the Articles of Incorporation and Bylaws of the Employer as in effect at such time, or by the terms
of any indemnification agreement between the Employer and the Employee, whichever affords greatest protection to the Employee,
and the Employee shall be entitled to the protection of any insurance policies the Employer may elect to maintain generally for
the benefit of its employees (and to the extent the Employer maintains such an insurance policy or policies, in accordance with
its or their terms to the maximum extent of the coverage available for any company employee), against any and all loss, claim,
damage, liability, deficiencies, actions, suits, proceedings, claims, costs and legal expenses or expense whatsoever (including,
but not limited to, reasonable legal fees and other expenses and reasonable disbursements incurred in connection with investigating,
preparing to defend or defending any action, suit or proceeding, including any inquiry or investigation, commenced or threatened,
or any claim whatsoever, or in appearing or preparing for appearance as witness in any proceeding, including any pretrial proceeding
such as a deposition) at the time such costs, charges and expenses are incurred or sustained, in connection with any action, claim,
suit or proceeding to which the Employee may be made a party by reason of his being or having been an employee of the Employer,
or serving as an employee of an Affiliate of the Employer, other than any action, suit or proceeding brought against the Employee
by or on account of his breach of the provisions of any employment agreement with a third party that has not been disclosed by
the Employee to the Employer. Notwithstanding the foregoing, Employee shall not be entitled to indemnification pursuant to this
paragraph 6 to the extent that any such liability is found in a final judgment by a court of competent jurisdiction to have resulted
primarily and directly from the Employee’s fraud, gross negligence or willful misconduct. The Company shall advance all
Expenses incurred by the Employee in connection with the investigation, defense, settlement or appeal of any Proceeding to which
the Employee is a party or is threatened to be made a party by reason of the fact that the Employee is or was an Agent of the
Company (including services as an Agent of an Affiliate). The Employee hereby undertakes to repay such amounts advanced only if,
and to the extent that, it shall be determined ultimately that the Employee is not entitled to be indemnified by the Company as
authorized hereby. The advances to be made hereunder shall be paid by the Company to the Employee within twenty (20) days following
delivery of a written request therefor by the Employee to the Company. In the event that the Company takes the position that Employee
is not entitled to indemnification in connection with the proposed settlement of any Proceeding, Employee shall have the right
at his own expense to undertake defense of any such claim, insofar as such Proceeding involves claims against the Employee, by
written notice given to the Company within 10 days after the Company has notified Employee in writing of its contention that Employee
is not entitled to indemnification; provided, however, that the failure to give such notice within such 10-day period
shall not affect or limit the Company’s obligations with respect to advancement and indemnification under this Agreement.
For purposes of this Agreement, “Expenses” shall mean all out-of-pocket costs of any type or nature whatsoever (including,
without limitation, all attorneys’ fees and related disbursements), actually and reasonably incurred by the Employee in
connection with either the investigation, defense or appeal of a Proceeding or establishing or enforcing a right to indemnification
under this Agreement or otherwise. Any payments to be made to Employee pursuant to this Section 6 shall first be made under insurance
policies that the Employer may maintain generally for the benefit of its employees, if any. An “Affiliate” shall mean
any entity controlling, controlled by or under common control with Employer. The provisions of this Section 6 shall specifically
survive the expiration or earlier termination of this Agreement. Shall any portion of this Section 6 be held to be invalid, unreasonable,
and arbitrary or against public policy, then such portion of the paragraph shall be modified to provide Employee with the fullest
protection that would be permitted by law.

 

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2.Terminations.

 

(a)Voluntary
Termination by Employee. The Employee may terminate his employment hereunder upon giving at least ten (10) business days'
prior written notice. If the Employee gives notice pursuant to Section 7(a) above, the Employer shall have the right to relieve
the Employee, in whole or in part, of his duties under this Agreement (without reduction in compensation through the termination
date).

 

(b)Termination
By Employee for Good Reason. The Employee may terminate his employment hereunder for Good Reason and upon written notice.
As used herein, "Good Reason" shall include the following:

 

(i)Should
the Company materially breach its duties as specified in this Agreement; or

 

(ii)Mobile
Bits Holding Corporation fails to elect Employee to its Board of Directors or Mobile Bits Holding Corporation relieves Employee
of his position as the member of the Board of Directors of the Company for reasons other than for “Good Cause” (as
such term is defined in Section 7(c) of this Agreement).

 

If
the Employee shall terminate this Agreement with Good Reason, effective on a date earlier than a Renewal Date as provided for
in Section 2 (with the effective date of termination as so identified by the Employer’s Board of Directors upon receipt
of written notice from Employee of his termination with Good Reason being referred to herein as the "Accelerated Termination
Date"), the Employee, until the date which is twelve (12) month(s) after the Accelerated Termination Date, shall continue
to receive the Basic Salary and other compensation and employee benefits (including without limitation the bonus that would otherwise
have been payable during such compensation continuation period under the bonus plan in effect immediately before the Accelerated
Termination Date) that the Employer has heretofore in Section 3 agreed to pay and to provide for the Employee, in each case in
the amount and kind and at the time provided for in Section 3; provided that, notwithstanding such termination of employment,
the Employee's covenants set forth in Section 9 and Section 10 are intended to and shall remain in full force and effect. The
parties agree that, because there can be no exact measure of the damage that would occur to the Employee as a result of terminating
his employment for Good Reason, the payments and benefits paid and provided pursuant to this Section 9(b) shall be deemed to constitute
liquidated damages and not a penalty for the termination of the Employee's employment with Good Reason, and the Employer agrees
that the Employee shall not be required to mitigate his damages.

 

    	4

    	 

    

 

(c)Termination
by Employer. Except as otherwise provided in this Agreement, during the Initial Term the Employer may terminate the employment
of the Employee hereunder only for Good Cause upon written notice; provided, however, that no breach or default by the Employee
shall be deemed to occur hereunder unless the Employee shall have failed to cure the breach or default within thirty (30) days
after Employee received written notice thereof indicating that it is a notice of termination pursuant to this Section of this
Agreement. As used herein, "Good Cause" shall include:

 

(i)the
Employee's conviction of either a felony involving moral turpitude or any crime in connection with his employment by the Employer
which causes the Employer a substantial detriment, but specifically shall not include traffic offenses;

 

(ii)willful
or material wrongdoing by the Employee, including, but not limited to, acts of fraud, which could be expected to have a materially
adverse effect, monetarily or otherwise, on the Employer or its subsidiaries or affiliates, as determined by the Employer and
its Board of Directors;

 

(iii)material
breach by the Employee of a material obligation under this Agreement or of his duty to the Employer; or

 

(iv)any
condition which either resulted from the Employee's substantial dependence, as reasonably determined by the Board of Directors
of the Employer, on alcohol, or any narcotic drug or other controlled or illegal substance. If any determination of substantial
dependence is disputed by the Employee, the parties hereto agree to abide by the decision of a panel of three physicians appointed
in the manner and subject to the same penalties for noncompliance as specified in Section 7(c) of this Agreement.

 

Termination
of the employment of the Employee for reasons other than those expressly specified in this Agreement as good cause shall be deemed
to be a termination of employment "without Good Cause." If the Employer shall terminate the employment of the Employee
without good cause, effective on a date as of any Renewal Date as provided for in Section 2 or during any Renewal Term (with the
effective date of termination as so identified by the Employer being referred to herein as the "Accelerated Termination
Date"), the Employee, shall continue to receive the Basic Salary and other compensation and employee benefits (including
without limitation the bonus that would otherwise have been payable during such compensation continuation period under the bonus
plan in effect immediately before the Accelerated Termination Date) that the Employer has heretofore in Section 3 agreed to pay
and to provide for the Employee for twelve (12) months, in each case in the amount and kind and at the time provided for in Section
3; provided that, notwithstanding such termination of employment, the Employee's covenants set forth in Section 9 and Section
10 are intended to and shall remain in full force and effect. The parties agree that, because there can be no exact measure of
the damage that would occur to the Employee as a result of a termination by the Employer of the Employee's employment without
good cause, the payments and benefits paid and provided pursuant to this Section 9(d) shall be deemed to constitute liquidated
damages and not a penalty for the Employer's termination of the Employee's employment without good cause, and the Employer agrees
that the Employee shall not be required to mitigate his damages.

 

    	5

    	 

    

 

(d)Termination
on Death. If the Employee dies during the term of his employment, the Employer shall pay to the estate of the Employee such
compensation, including any bonus compensation earned but not yet paid, as would otherwise have been payable to the Employee up
to the end of the month in which his death occurs including all of the Employee’s stock options.

 

(e)Disability,
Illness and Incapacity. During any period of disability, illness or incapacity during the term of this Agreement which renders
the Employee at least temporarily unable to perform the services required under this Agreement for a period which shall not equal
or exceed (1) a period of 120 consecutive days or (2) shorter periods aggregating 180 days during any twelve−month period,
the Employee shall receive the compensation payable under Section 3 of this Agreement plus any bonus compensation earned but not
yet paid, less any benefits received by him/her under any disability insurance carried by or provided by the Employer. All rights
of the Employee under this Agreement (other than rights already accrued) shall terminate as provided below upon the Employee's
permanent disability (as defined below), although the Employee shall continue to receive any disability benefits to which he may
be entitled under any disability income insurance which may be carried by or provided by the Employer from time to time. The term
"permanent disability" as used in this Agreement shall mean the inability of the Employee, as determined by the Board
of Directors of the Employer, by reason of physical or mental disability to perform the duties required of him under this Agreement
for (1) a period of 120 consecutive days or (2) shorter periods aggregating 180 days during any twelve−month period. Successive
periods of disability, illness or incapacity will be considered separate periods unless the later period of disability, illness
or incapacity is due to the same or related cause and commences less than six months from the ending of the previous period of
disability. Upon such determination, the Board of Directors may terminate the Employee's employment under this Agreement upon
ten (10) days' prior written notice. If any determination of the Board of Directors with respect to permanent disability is disputed
by the Employee, the parties hereto agree to abide by the decision of a panel of three physicians. The Employee and Employer shall
each appoint one member, and the third member of the panel shall be appointed by the other two members. The Employee agrees to
make himself available for and submit to examinations by such physicians as may be directed by the Employer. Failure to submit
to any such examination shall constitute a breach of a material part of this Agreement.

 

    	6

    	 

    

 

3.Disclosure.
The Employee agrees that during the term of Employee’s employment by the Employer, Employee will disclose and disclose only
to the Employer, in writing, all ideas, methods, plans, developments or improvements known by his which relate directly or indirectly
to the business of the Employer, whether acquired by the Employee before or during Employee’s employment by the Employer.
Nothing in this Section 8 shall be construed as requiring any such communication where the idea, plan, method or development is
lawfully protected from disclosure as a trade secret of a third party or by any other lawful prohibition against such communication.

 

4.Confidentiality
and Ownership Rights.

 

(a)Nondisclosure
of Information. The Employee acknowledges that in the course of Employee’s employment by the Employer Employee will
receive certain trade secrets, which may include, but are not limited to, programs, lists of acquisition or disposition prospects
and knowledge of acquisition strategy, financial information and reports, lists of customers or potential customers and other
proprietary information, confidential information and knowledge concerning the business of the Employer (hereinafter collectively
referred to as “Information”) which the Employer desires to protect. The Employee understands that the Information
is confidential and agrees not to reveal the Information to anyone outside the Employer, unless compelled to do so by any federal
or state regulatory agency or by a court order. If Employee becomes aware that disclosure of any Information is being sought by
such an agency or through a court order, Employee will immediately notify the Employer. The Employee further agrees that she will
at no time use the Information in competing with the Employer. Upon termination of Employee's employment with the Employer, regardless
of the reason for such termination, the Employee shall surrender to the Employer all papers, documents, writings and other property
produced by Employee or coming into Employee’s possession by or through Employee’s employment or relating to the Information,
and the Employee agrees that all such materials are and will at all times remain the property of the Employer and to the extent
the Employee has any rights therein, Employee hereby irrevocably assigns such rights to the Employer.

 

(b)Ownership
of Information, Ideas, Concepts, Improvements, Discoveries and Inventions.

 

(i)All
information, ideas, concepts, improvements, discoveries and inventions, whether patentable or not, which are conceived, made,
developed or acquired by Employee or which are disclosed or made known to Employee, individually or in conjunction with others,
during Employee's employment by the Employer and which relate to the Employer's business, products or services (including but
not limited to all such information relating to corporate opportunities, research, financial and sales data, pricing and trading
terms, evaluations, opinions, interpretations, acquisition prospects, the identity of customers or their requirements, the identity
of key contacts within the customer's organization or within the organization of acquisition prospects, or marketing and merchandising
techniques, prospective names and marks), are and shall be the sole and exclusive property of the Employer. Moreover, all drawings,
memoranda, notes, records, files, correspondence, manuals, models, specifications, computer programs, maps and all other writings
or materials of any type embodying any of such information, ideas, concepts, improvements, discoveries and inventions are and
shall be the sole and exclusive property of the Employer.

 

    	7

    	 

    

 

(ii)In
particular, Employee hereby specifically sells, assigns and transfers to the Employer all of Employee’s worldwide right,
title and interest in and to all such information, ideas, concepts, improvements, discoveries or inventions described in Section
9(b)(i) above, and any United States or foreign applications for patents, inventor's certificates or other industrial rights that
may be filed thereon, including divisions, continuations, continuations-in-part, reissues and/or extensions thereof, and applications
for registration of such names and marks. Both during the period of Employee's employment by the Employer and thereafter, Employee
shall assist the Employer and its nominees at all times in the protection of such information, ideas, concepts, improvements,
discoveries or inventions both in the United States and all foreign countries, including but not limited to the execution of all
lawful oaths and all assignment documents requested by the Employer or its nominee in connection with the preparation, prosecution,
issuance or enforcement of any applications for United States or foreign letters patent, including divisions, continuations, continuations-in-part,
reissues, and/or extensions thereof, and any application for the registration of such names and marks.

 

(c)The
provisions of this Section 9 shall specifically survive the expiration or earlier termination of this Agreement.

 

5.Expenses.
Employer shall pay or reimburse Employee for all reasonable out-of-pocket costs and expenses (including reasonable fees and disbursements
of legal counsel, appraisers, accountants and other experts employed or retained by Emmployee) incurred by Employee in connection
with, arising out of, or in any way related to the negotiation, preparation, execution and delivery of this Agreement.

 

6.Specific
Performance. The Employee agrees that damages at law will be an insufficient remedy to the Employer if the Employee violates
the terms of Sections 8 and 9 of this Agreement and that the Employer would suffer irreparable damage as a result of such violation.
Accordingly, it is agreed that the Employer shall be entitled, upon application to a court of competent jurisdiction, to obtain
injunctive relief to enforce the provisions of such Sections, which injunctive relief shall be in addition to any other rights
or remedies available to the Employer. The provisions of this Section 11 shall specifically survive the expiration or earlier
termination of this Agreement.

 

7.Compliance
with Other Agreements. The Employee represents and warrants that the execution of this Agreement by Employee and Employee’s
performance of Employee’s obligations hereunder will not conflict with, result in the breach of any provision of or the
termination of or constitute a default under any Agreement to which the Employee is a party or by which the Employee is or may
be bound.

 

    	8

    	 

    

 

13.Compliance
with Tax Laws.

 

(a)If
any payment or benefit provided by Company to or for the benefit of the Employee, whether paid or payable or distributed or distributable
pursuant to the terms of this Agreement or otherwise, including, by example and not by way of limitation, acceleration by the
Company or otherwise of the date of payment under any plan, program, arrangement or agreement of Company (a “Payment”)
is subject to the excise tax imposed by Code section 4999 or any interest or penalties with respect to such excise tax (the “Excise
Tax”), then Company shall make such additional payments to Employee (the “Excise Tax Gross Up Payments”)
as are necessary to provide Employee with enough funds to pay the Excise Tax, as well as any additional taxes (other than the
409A Tax, as defined below), including but not limited to additional Excise Tax, attributable to or resulting from the payment
of the Excise Tax Gross Up Payments, with the end result that Employee shall be in the same position with respect to his tax liability
(other than the 409A Tax) as he would have been in if no Excise Tax had ever been imposed.  The Company shall make any
payments required by this paragraph no later than the last day of Employee’s taxable year next following the Employee’s
taxable year in which the Excise Tax is remitted to the taxing authority.

 

(b)If
any Payment provided to Employee is subject to adverse tax consequences under Code section 409A, then Company shall make such
additional payments to Employee (the “409A Gross Up Payments”) as are necessary to provide Employee with enough
funds to pay the additional taxes, interest, and penalties imposed by Code section 409A (collectively, the “409A Tax”),
as well as any additional taxes, including but not limited to additional 409A Tax, attributable to or resulting from the payment
of the 409A Gross Up Payments, with the end result that Employee shall be in the same position with respect to his tax liability
as he would have been in if no 409A Tax had ever been imposed.  The Company shall make any payments required by this
paragraph no later than the last day of Employee’s taxable year next following the Employee’s taxable year in which
the 409A Tax is remitted to the taxing authority.

 

8.Waiver
of Breach. The waiver by the Employer of a breach of any of the provisions of this Agreement by the Employee shall not be
construed as a waiver of any subsequent breach by the Employee.

 

9.Binding
Effect; Assignment. The rights and obligations of the Employer under this Agreement shall inure to the benefit of and shall
be binding upon the successors and assigns of the Employer. This Agreement is a personal employment contract and the rights, obligations
and interests of the Employee hereunder may not be sold, assigned, transferred, pledged or hypothecated.

 

10.Entire
Agreement. This Agreement contains the entire agreement and supersedes all prior agreements and understandings, oral or written,
with respect to the subject matter hereof. This Agreement may be changed only by an agreement in writing signed by the party against
whom any waiver, change, amendment, modification or discharge is sought.

 

11.Headings.
The headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of
this Agreement.

 

    	9

    	 

    

 

12.Governing
Law. This Agreement shall be construed and enforced in accordance with the laws of the Federal District and State of Florida.
Venue for all legal proceedings arising out of this Agreement shall be located only in the state or federal court with competent
jurisdiction in Sarasota County, Florida.

 

13.Notice.
All notices which are required or may be given under this Agreement shall be in writing and shall be deemed to have been duly
given when received if personally delivered; when transmitted if transmitted by telecopy or similar electronic transmission method;
one working day after it is sent, if sent by recognized expedited delivery service; and five days after it is sent, if mailed,
first class mail, certified mail, return receipt requested, with postage prepaid. In each case notice shall be sent to:

 

	If
                                         to the Employee:

         

        Hussein
Abu Hassan

        371
front St. West suite# 220

        Toronto,
        Ontario M5v-3S8

         
	 
	If
                                         to the Employer:

         

        MobileBits
Corporation

        5901
N. Honore Ave. Ste. 110

        Sarasota,
        FL 34243
	 

 

    	10

    	 

    

 

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

 

EMPLOYER:

 

MobileBits
Corporation

 

	By:	 	 
	Title:	 	 
	 	 
	EMPLOYEE:	 
	 	 
	 	 
	Hussein Abu Hassan, Individually	 

 

 

11

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