Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Worldbid Corporation - Exhibit 10.1

SETTLEMENT AGREEMENT

THIS AGREEMENT is dated for reference as of the 31st day
of August, 2006.

BETWEEN:

WORLDBID CORPORATION., a
Nevada corporation, having an office address at 810 Peace Portal Drive, Suite
201, Blaine, WA 98230

(hereinafter called the “Company")

OF THE FIRST PART

AND:

HOWARD THOMSON, of 5B,
Harbour Village, East Dunmore, County Waterford, Ireland

(hereinafter called "Thomson")

OF THE SECOND PART

WHEREAS:

A. The Company was indebted to Thomson at July 31, 2006 in the
amount of approximately $40,000 US not including any remuneration payable to
Thomson in respect of the month of August, 2006.

B. Thomson has moved to Ireland and has resigned as a director
and officer of the Company.

C. The parties wish to resolve all matters outstanding between
them, including but not limited to, matters relating to the Indebtedness and any
other liabilities of the Company to Thomson.

NOW THEREFORE in consideration of $20,000 US and for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereby agree as follows:

1. Thomson agrees to remise, release and forever discharge the
Company and its directors, officers, servants and agents (collectively, the
“Releasees”) from any and all actions, causes of action, suits, debts, dues,
sums of money, claims, demands and obligations whatsoever, at law or in equity,
and whether known or unknown, suspected or unsuspected, which Thomson has or may
in the future have against the Releasees or any of them, including, but not
limited to, any and all actions, causes of action, suits, debts, dues, sums of
money, claims, demands and obligations in connection with the Indebtedness.

1

2. Thomson agrees to terminate any management agreement,
employment agreement or agreement of any other nature whereby the Company is
obligated or may be obligated to pay any fees or other remuneration to
Thomson.

3. Thomson acknowledges that this Agreement has been prepared
by O’Neill Law Group PLLC acting on behalf of the Company only and that he has
been advised to obtain independent legal advice.

4. Time shall be of the essence of this Agreement.

5. This Agreement supersedes any prior written or oral
agreements or understandings between the parties relating to the subject matter
hereof.

6. No modification or amendment of this Agreement shall be
valid unless in writing and signed by or on behalf of the parties hereto.

7. This Agreement shall ensure to the benefit of and be binding
upon the parties hereto and their respective successors and permitted assigns.

8. This Agreement may be executed in one or more counter-parts,
each of which so executed shall constitute an original and all of which together
shall constitute one and the same agreement.

IN WITNESS WHEREOF the parties have executed this
Agreement as of the day first above written.

WORLDBID CORPORATION 

  by its authorized signatory:

/s/ Logan B.
Anderson
________________________________
Logan B. Anderson,
Director

SIGNED, SEALED AND DELIVERED 
BY HOWARD THOMSON

in the presence of:

	/s/ Angela O’Neill 	 	/s/ Howard Thomson 	(seal) 
	Signature 	 	HOWARD THOMSON 	  
	 	 	 	 
	Angela O’Neill 	 	  	  
	Name 	 	  	  
	 	 	 	 
	893 Friar
      Crescent 	 	  	  
	Address 	 	  	  
	N. Van.,
      BC V7G 1M5 	 		

2Filed by Automated Filing Services Inc. (604) 609-0244 - Hola Communications, Inc. - Exhibit 10.1

ENGLISH TRANSLATION 

LEASE AGREEMENT ENTERED BY ___________________, (HEREINAFTER
“LESSOR”), REPRESENTED HEREIN BY _____________________ AND BY HOLA
COMMUNICATIONS, INC. REPRESENTED HEREIN BY ITS PRESIDENT, MR. CARLOS BUSTAMANTE,
(HEREINAFTER THE “LESSEE”), SUBJECT TO THE FOLLOWING RECITALS AND CLAUSES:

R E C I T A L S 

          1.-      
LESSOR states that:

          1.1     
It is the owner of the ________________Building, located in
_____________________________________, in this city of Tijuana, Baja California.

          1.2     
Such office spaces are subject to the Condominium Regime and comply with the
provisions of the Real Estate Condominium Property Regime for the State of Baja
California.

          2.      
- LESSEE states that:

          2.1      It
is a company incorporated according to the laws of Nevada by means of its
articles of incorporation dated October 10, 2005.

          2.2     
It is aware of the location, distribution, metes and bounds of the area that
will be leased and it coincides with the delimitations contained in the location
plan of the same, that such area satisfies its requirements and needs to carry
out his activities in the roof (the “leased premises”) and equipment room, whose
activity will be the sale of services consisting in telecommunications to
provide links, point-multipoint, and the exploitation of the Concession to
utilize band of frequency of 10.5 GHz, offering its clients services of advanced
telecommunications including the following:

Local links and border crossing of
voice and data with a band width from 64 kbps to 2 Mbps and multiple E/1s up to
8 with a single link in the following formats:

Clean channel 
Pyame Relay 
ATM

TCP/TP 
POTS 

          2.3      Prior
to the execution of this agreement LESSEE has received from LESSOR the
Regulation of _______________________________________, and therefore as of this
date it knows each and all of the conditions, limitations and obligations that
are established regarding common areas and general installations of the
_______________, acknowledging that the same will be applicable to LESSEE.

2

          3.      
- Both parties state that:

          3.1      They
agree to submit themselves to the provisions contained in the following:

C L A U S E S 

FIRST.- SUBJECT MATTER OF THE LEASE.- LESSOR leases to
LESSEE an area of 5.00 m2 located in the roof of the _________ Building, to
install a telecommunications antenna of 16” x 8” of diameter, in the ceiling of
the nucleus of the mentioned building, such leased premises are subject to
_____________________.

Likewise, LESSOR grants the access to LESSEE to install the
equipment that is required to provide the above mentioned services in the
equipment room, as well as, to allow the space and access to the electric power
and of the pipes and attic to carry out the wiring to all the localities and
offices of sub-lessees that require the service, being at LESSEE’s sole cost and
expense the installation and wiring works, therefore it is the exclusive
responsibility of LESSEE the care and conservation of such equipment, without
any responsibility for LESSOR.

SECOND.- PRICE OF THE LEASE.- LESSEE is obliged to pay
to LESSOR the amount of $500.00 dollars per month (FIVE HUNDRED DOLARS 00/100
currency of the United States of America) plus the Value Added Tax.

The rent will be paid in advanced monthly payments on the FIRST
day of each natural month, and LESSEE accepts to pay a monthly moratorium
interest of 9% over unpaid amounts.

THIRD.- TERM OF THE LEASE.- The term of the lease will
be INDEFINITE, any party may terminate the same by giving written notice to the
other with 60 days in advance. The Lease will be effective as of July 1, 2006,
rent will not be charged during the “testing period”, as of July 1, 2006 and
ending on December 31, 2006. 

FOURTH.- DEPOSIT.- LESSEE will deliver to LESSOR upon
the execution of this agreement, and delivery of the corresponding receipt, the
amount of $500.00 dollars (FIVE HUNDRED DOLLARS 00/100 legal currency of the
United States of America) that is the equivalent to the first month’s rent.

LESSEE constitutes DEPOSIT for the amount of $500.00 dollars
(FIVE HUNDRED DOLLARS 00/100 legal currency of the United States of America) to
guarantee the general fulfillment of this agreement, therefore it delivers to
LESSOR such amount at the execution hereof and upon the delivery of the
corresponding receipt.

FIFTH.-–Each party will have the obligation to pay the
corresponding taxes according to law upon the execution hereof, and LESSEE
expressly agrees that the Value Added Tax 

3

or any other substituting the same will be charged and
therefore paid to LESSOR simultaneous and jointly with the amount of the monthly
rent, being in charge of LESSOR the payment of the Income Tax.

SIXTH.- LESSEE agrees that all permanent works and
improvements carried out in the leased premises will remain for the benefit of
LESSOR.

SEVENTH.- LESSEE is obliged to maintain the leased
premises and return them at the conclusion of the lease in good conditions of
conservation and maintenance, normal tear and wear excepted. Likewise, LESSEE
should deliver the leased premises free of any claim or liability whether of
labor, fiscal or administrative nature or obligations against third parties.

EIGHTH.- LESSEE shall not install any electrical
equipment that overloads the lines of electricity established in the Leased
Premises, it shall, at its own cost and expense, carry out all the necessary
changes to comply with the requirements of the insurance of the property and any
local or federal regulations.

NINTH.- LESSOR may terminate this agreement if LESSEE
incurs in any of the following events of default:

	 	a) 	
      The lack of punctual payment of the agreed rent as
      established in Clause Second herein.

	 	b) 	
      To carry out any act or omission contrary to the norms
      and provisions contained in 
________________
Regulation.

	 	c) 	
      To be declared in bankruptcy or suspension of payments or
      part of the totality of its assets are seized or the activity carried out
      in the leased premises is suspended.

	 	d) 	
      The failure to comply any of the obligations contained
      herein or any breach according to law should be a rescission cause of the
      same, besides any breach will cause the payment of a conventional penalty
      equivalent to the monthly rent and equivalent as of the date of breach for
      each of the months elapsed as of the date of the initial breach and until
      the leased premises are delivered to LESSOR and received by the latter in
      the terms of this clause.

	 	e) 	
      LESSEE is obliged as of this date to pay all the fees and
      expenses that may arise from any lawsuit or judgment that may derive from
      the execution of this contract.

TENTH.- For the interpretation and fulfillment of this
agreement, the parties submit themselves to the Laws and competent Courts of the
city of Tijuana, Baja California, waiving to any other forum that may correspond
to them by virtue of their resent and future domiciles.

ELEVENTH.- For everything related to this agreement, the
parties appoint as their domiciles the following:

4

	LESSOR: 	  	 
	 	 	 
	 	 	 
	 	 	 
	LESSEE: 	3065 Beyer Blvd 	 
	  	San Diego, Ca 92154 	 

READ by the parties, this agreement was executed in the city
of Tijuana, Baja California on July 1, 2006.

	LESSOR 	 	LESSEE 
	 	 	 
	 	 	 
	  	 	HOLA COMMUNICATIONS, INC. 
	Represented by: 	 	Represented by: 
	  	 	Mr. Carlos Bustamante 
	  	 	  
	  	 	  
	  	 	  
	  	 	  
	WITNESS 	 	WITNESS

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