Document:

Option Agreement with Robert T. Flood dated August 20, 2007

 Exhibit 10.18 
 IPTIMIZE, INC. 
 INCENTIVE STOCK OPTION AGREEMENT 
 IPTIMIZE, INC., a Minnesota corporation with offices at 2135 S. Cherry St., Suite 200, Denver, CO. 80222 (the “Corporation”), hereby
grants to Robert T. Flood residing at 8 Red Tail Drive, Highlands Ranch, CO. 80126 (the “Grantee”), an option (the “Option”) to purchase the number of shares (the “Shares”) of common stock, no par value per share (the
“Common Stock”), of the Corporation set forth in Section 2 hereof, at the price determined as provided herein, pursuant to the Corporation’s 2007 Equity Incentive Plan (the “Plan”), adopted by the Corporation, which is
incorporated herein by reference. The Grantee hereby acknowledges receipt of the Plan and agrees to be bound by all of the terms and conditions hereof and thereof. Terms that are defined in the Plan shall have the same meanings when used herein.

 1. Nature of the Option. To the maximum extent allowable, the Option is intended to be an Incentive Stock Option. 
 2. Grant of Options. 
 (a) Grant. Subject to: (i) the terms and conditions of the Plan and this Stock Option Agreement; and (ii) any upward or downward adjustment adopted by the Corporation’s Board of Directors to the presently proposed
one-for-three reverse split of all issued and outstanding shares of the Corporation’s Common Stock, no par value per share, upon which the number of Shares has been based, the Corporation hereby grants to the Grantee an Option to purchase
479,811 Shares of Common Stock. 
 (b) Vesting. The Option shall become vested at the rate of 23,991 Option Shares per
calendar quarter commencing on September 1, 2007 until fully vested, the option for all Option Shares to be exercisable until and through the fifth anniversary of the execution of this Agreement, unless earlier terminated as provided herein;

 (c) Exercisability. The Option shall be exercised in the manner set forth in the Plan. The Option may be exercised
in whole or in part on and after the date that it is granted and following any period of vesting as set forth herein. 
 (d)
Exercise Periods. Upon any portion of the Option becoming exercisable, such portion of the Option is only exercisable within the following time periods and must be exercised by the Grantee within the following time periods: 
 (i) five (5) years from the date of the grant so long as the Grantee is continuously employed by the Corporation through the time of exercise;

 (ii) one (1) year after the date on which the Grantee’s employment with the Corporation is terminated by reason of a total and
permanent (mental or physical) disability within the meaning of Internal Revenue Code Section 22(e)(3) as determined by a medical doctor satisfactory to the Board of Directors (a “Disability”); 

 (iii) immediately in the event the Grantee’s employment shall be terminated for cause , as
determined by the Corporation. For purposes of this paragraph, and unless otherwise stated in a contract of employment with such Optionee, cause shall mean a gross violation of the Corporation’s established policies or procedures; 

(iv) ninety (90) days after the termination of employment with the Corporation, other than by reason of (A) a Disability, (B) Cause, or
(C) the Grantee’s death; or 
 (v) one year after the date the death of the Grantee, if such death occurs while the Optionee is
still employed by the Corporation, or within the one year period referred to in (ii) above, or within the 90 day period referred to in (iv) above. In any such case, the Option may be exercised only as to the shares as to which the Option
had become exercisable on or before the date of termination of services. 
 3. Exercise Price. The exercise price of the Shares
subject to the Option is $.08 for each Share. 
 4. Termination of Option Period. Any unexercised portion of the Option that has
become exercisable shall automatically and without notice terminate and become null and void at the applicable times set forth in Section 2 hereof. 
 5. Transferability of Options; Issuance of Shares; Restrictive Legend. The Option is not transferable by the Grantee otherwise than by will or by the laws of descent and distribution and the Option shall be
exercisable during the Grantee’s lifetime only by the Grantee. Each and every stock certificate representing shares of Common Stock issued to the Grantee upon exercise of the Option shall bear such restrictive legends as are necessary or
appropriate to reflect restrictions on transferability and similar restrictions pursuant to any then applicable shareholders’ agreement relating to the Shares or to comply with the provisions of any securities law or other restriction
applicable to the issuance of the Shares, together with such other legend(s) as the Board of Directors shall in its discretion deem appropriate. 
 6. Grantee’s Representations. In the event the Shares purchasable pursuant to the exercise of the Option have not been registered under the Securities Act of 1933, as amended, at the time the Option is exercised, and such
registration is required for the Grantee to effect the sale or transfer of such Shares, the Grantee shall, concurrently with the exercise of all or any portion of the Option, deliver to the Corporation his or her Investment Representation Statement
in the form attached hereto as Exhibit “A”. 
 7. Restrictions on Exercise. The Option may not be exercised if the issuance
of such Shares upon such exercise or the method of payment of consideration for such Shares would constitute a violation of any applicable federal or state securities or other law or regulation, including Regulations T and U as promulgated by the
Federal Reserve Board. As a condition to the exercise of the Option, the Corporation may require the Grantee to make any representation and warranty to the Corporation as might be required by any applicable law or regulation. 

 8. Death of Grantee. Upon the death of Grantee, the Option may be exercised by Grantee’s
estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent of the right to exercise that had accrued at the date of death and only for such period of time as shall be permitted pursuant to
Section 2 hereof, and subject to all of the restrictions contained herein. 
 9. Method of Exercise and Payment. 
 (a) The method for exercising each Option granted hereunder shall be by delivery to the Corporation of written notice specifying the
number of Shares with respect to which such Option is exercised. The purchase of such Shares shall take place at the principal offices of the Corporation within thirty days following delivery of such notice, at which time the exercise price of the
Shares shall be paid in full by any of the methods set forth below or a combination thereof. 
 (b) The exercise price shall
be paid by any of the following methods or any combination of the following methods at the election of the Grantee, or by any other method approved by the Committee upon the request of the Grantee: 
 (i) in cash; 
 (ii) by certified,
cashier’s check or other check acceptable to the Corporation, payable to the order of the Corporation; 
 (iii) by delivery to the
Corporation of Agreements or certificates representing the number of shares then owned by the Grantee, the fair market value of which equals the purchase price of the Stock purchased pursuant to the Option, properly endorsed for transfer to the
Corporation; provided however, that no Option may be exercised by delivery to the Corporation of Agreements or certificates representing Stock, unless such Stock has been held by the Grantee for more than six months; for purposes of this Plan, the
fair market value of any shares of Stock delivered in payment of the purchase price upon exercise of the Option shall be the fair market value as of the exercise date; the exercise date shall be the day of delivery of the Agreements or certificates
for the Stock used as payment of the exercise price; or 
 (iv) by delivery to the Corporation of a properly executed notice of exercise
together with irrevocable instructions to a broker to deliver to the Corporation promptly the amount of the proceeds of the sale of all or a portion of the Stock sufficient to pay the exercise price or of a loan from the broker to the Grantee
required to pay the exercise price. 

 10. Exercise of Option. The Option, or any portion hereof, shall be deemed to be exercised when
(a) written notice of such exercise has been given to the Corporation in accordance with the terms of the Plan and the Stock Option Agreement, (b) full payment for the Shares with respect to which the Option is exercised has been received
by the Corporation, (c) the Grantee agrees to be bound by all of the terms, provisions and conditions of the Corporation’s Amended and Restated Stockholder Agreement, which shall be a condition to exercise of this Option and the issuance
of the underlying shares, and (d) the withholding provided for in Section 11 hereof has been satisfactorily provided for. Full payment may consist of any form of consideration and method of payment allowable under Section 9 hereof.
With regard to any Shares issued upon the exercise of an Option, the Grantee, after receipt of such Shares (and not before), shall have the right upon such exercise to vote, receive dividends and exercise all rights as a shareholder with respect to
such Shares. 
 11. Withholding and Disclosure Requirements by the Grantee. 
 (a) In order to enable the Corporation to meet any applicable federal, state or local withholding tax requirements arising as a result of
the exercise of the Option or the disposition of any Shares acquired pursuant to such exercise or otherwise, and as a condition to the exercise of the Option, the Grantee shall pay the Corporation cash for the amount of any tax to be withheld as a
result of such exercise and shall agree, in a manner acceptable to the Board of Directors, to pay the Corporation cash for the amount of any tax otherwise required to be withheld. Grantee agrees that he will notify the Corporation in writing within
fifteen (15) days after the date of any disposition of any Shares acquired pursuant to the exercise of the Option that occurs within two (2) years after the date of grant of the Option or within one (1) year after such Shares are
transferred upon exercise of the Option. 
 (b) Upon the Grantee’s request and subject to approval by the Corporation in
its sole discretion and in compliance with any applicable conditions or restrictions of law, the Corporation may repurchase from the Grantee a number of shares of Common Stock having a fair market value, determined by the Corporation as of the date
of exercise, equal to the amount required to satisfy the federal, state, local and foreign tax withholding obligations which arise in connection with the exercise of the option. 
 12. The Grantee’s Investment representations. The Grantee hereby represents and warrants to the Corporation as follows with respect to any
Shares received by the Grantee upon the exercise of the Option: 
 (a) The Grantee is aware of the Corporation’s business
affairs and financial condition, and has acquired all such information about the Corporation as the Grantee deems necessary and appropriate to enable the Grantee to reach an informed and knowledgeable decision to acquire the Shares. The Grantee is
purchasing these Shares for the Grantee’s own account for investment and not with a view to, or for the resale in connection with, any “distribution” thereof for purposes of the Securities Act of 1933, as amended (“Securities
Act”); 

 (b) The Grantee understands that the Shares have not been registered under the Securities
Act in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of my investment intent as expressed herein. 
 (c) The Grantee further understands that the Shares may not be sold publicly and must be held indefinitely unless they are subsequently
registered under the Securities Act or unless an exemption from registration is available. The Grantee is able, without impairing my financial condition, to hold the Shares for an indefinite period of time and to suffer a complete loss on my
investment. The Grantee understands that the Corporation is under no obligation to register the Shares. In addition, The Grantee understands that the certificate evidencing the Shares will be imprinted with a legend that prohibits the transfer of
the Shares unless they are registered or such registration is not required in the opinion of counsel for the Corporation. 
 (d) The Grantee understands the provisions of Rule 144, promulgated under the Securities Act, in substance, permit limited public resale of “restricted securities” acquired, directly or indirectly, from the issuer thereof (or
from an affiliate of such issuer), in a non-public offering subject to the satisfaction of certain conditions, including, among other things: (i) the availability of certain public information about the Corporation; (ii) the resale
occurring not less than one (1) year after the party has purchased, and made full payment for, within the meaning of Rule 144, the securities to be sold; and, in the case of an affiliate, or of a non-affiliate who has held the securities
less than two years, (iii) the sale being made through a broker in an unsolicited “broker’s transaction” or in transactions directly with a market maker (as said term is defined under the Securities Exchange Act of 1934) and the
amount of securities being sold during any three month period not exceeding the specified limitations stated therein, if applicable. 
 (e) The Grantee further understands that at the time the Grantee wishes to sell the Shares there might be no public market upon which to make such a sale, and that, even if such a public market then exists, the Corporation might not be
satisfying the current public information requirements of Rule 144, and that, in such event, the Grantee would be precluded from selling the Shares under Rule 144 even if the one-year minimum holding period had been satisfied. The Grantee
understands that the Corporation is under no obligation to make Rule 144 available. 
 (f) The Grantee further
understands that in the event all of the applicable requirements of Rule 144 are not satisfied, registration under the Securities Act, or some other registration exemption will be required; and that, notwithstanding the fact that Rule 144
is not exclusive, the Staff of the Securities and Exchange Commission has expressed its opinion that persons proposing to sell private placement securities other than in a registered offering and otherwise than pursuant to Rule 144 will have a
substantial burden of proof in establishing that an exemption from registration is available for such offers or sales, and that such persons and their respective brokers who participate in such transactions do so at their own risk. 

 (g) The Grantee further understands that in addition to the restrictions set forth above
the transfer of the Shares is restricted under the terms of my Stock Option Agreement and such other agreements that the Grantee might be required to execute pursuant to the Grantee’s Stock Option Agreement and might not be transferred without
complying with the provisions of the Plan or such other agreements. 
 13. Effect of Certain Violations. If the Grantee is subject to
a non-compete, confidentiality or similar agreement with the Corporation, violates any of the terms of the agreement, and is unable or unwilling to cure those violation within a reasonable period of time specified by the Board of Directors, then, at
the discretion of the Board of Directors, the Option and all of the Shares acquired pursuant to the exercise of the Option shall be forfeited; provided, however, that the Corporation shall repay to the Grantee the exercise price for any Option
Shares that are forfeited. 
 14. Interpretation. 
 (a) If any provision hereof should be held invalid for the granting of Options or illegal for any reason, such determination shall not
affect the remaining provisions hereof, but instead this Stock Option Agreement shall be construed and enforced as if such provision had never been included in this Stock Option Agreement. 
 (b) This Stock Option Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of
Delaware. 
 (c) Headings contained in this Stock Option Agreement are for convenience only and shall in no manner be
construed as part hereof. 
 (d) Any reference to the masculine, feminine, or neuter gender shall be a reference to such other
gender as is appropriate. 
 (e) This Stock Option Agreement shall not confer upon the Grantee any right with respect to
continuation of employment by, or consulting relationship with, the Corporation, nor shall it interfere in any way with his or her right to terminate his or her employment or consulting relationship at any time. 
 (f) If there is any conflict between the terms hereof and the terms of the Plan, the terms of the Plan shall govern unless the Plan allows
the Stock Option Agreement to alter the terms of the Plan. Any terms or conditions contained in the Plan and not specifically enumerated in this Stock Option Agreement are hereby incorporated herein by reference. If the Stock Option Agreement alters
terms of the Plan that the Plan allows to be altered, then such terms contained within the Stock Option Agreement shall govern in the event of a conflict between the Plan and the Stock Option Agreement with respect to such terms. 
 15. Acknowledgment. Grantee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Board of Directors
upon any questions arising under the Plan or this Stock Option Agreement. 
 DATE OF GRANT: August 20, 2007 

			
	 IPTIMIZE, INC.,
 a Delaware
corporation

		
	By:	 	/s/ Clinton J. Wilson
		 	 Clinton J. Wilson, President

  

			
	 AGREED TO AND ACCEPTED
     this 20th day of August, 2007.

		
		 	 /s/ Robert T. Flood

		 	 Robert T. FloodFirst Amendment to Business Advisory Agreement

 Exhibit 10.19 
 Amendment to Business Development Agreement made this 5th day of September 2007 (the “Amendment”), between First Capital Business Development, LLC, a Colorado limited liability company, located at 16293 East Dorado Place,
Centennial, CO 80015 (“FCBD”) and IPtimize, Inc., a Minnesota corporation located at 2135 S. Cherry Street, Suite 200, Denver, Colorado 80222 (“IPtimize”). FCBD and IPtimize are sometimes individually referred to as a
“Party” and collectively as the “Parties”. 
 W I T N E S S E T H: 
 WHEREAS, the Parties are the parties to a Business Development Agreement dated March 9, 2007 (the “Agreement”); and 
 WHEREAS, the Parties desire to amend the Agreement to include the terms and conditions set forth in this Amendment. 
 NOW, THEREFORE, in consideration of the foregoing recitals, and the other good and valuable consideration hereinafter set forth, the receipt and adequacy of which
are hereby acknowledged and accepted, the Parties agree as follows: 
 1. Amendment to Section 4 of the Agreement. Sections 4A
and 4B of the Agreement are hereby amended to read in their entirety as follows: 
 “4. Compensation. 

A. Contract Fee. IPtimize shall pay to FCBD a monthly contract fee of $5,000 (the “Contract Fee”). The Contract Fee
shall be payable on the first of each month commencing on March 1, 2007, and continuing to be paid monthly through the end of the Term. Notwithstanding the foregoing, Contract Fee payments shall be accrued until the closing of IPtimize’s
presently proposed round of acquisition financing in the sum of $4,000,000 (the “Financing Closing”) whereupon they shall be paid to date; 
 B. Restructuring Advisory Fee. IPtimize shall pay to FCBD cash advisory fees related to the planning, research, analysis, preparation and presentation to Candidates of restructuring actions which IPtimize, at
its election may pursue (the “Advisory Fees”). The Advisory Fees shall be payable as follows: (i) $30,000 payable on or before May 1, 2007, and (ii) $120,000 payable on or before July 15, 2007. Notwithstanding the
foregoing, Advisory Fee payments shall be accrued until the Financing Closing whereupon they shall be paid in full.” 
 2.
Confirmation of the Agreement. Except as herein modified, the Parties hereby reconfirm the validity and enforceability of the Agreement. 
 IN
WITNESS WHEREOF, the Parties hereto have caused this Amendment to be executed as of the date first above written. 
  

									
	First Capital Business Development, LLC	 		 	IPtimize, Inc.
					
	BY:	 	/s/ Gary J. Graham	 		 	By:	 	/s/ Clinton J. Wilson
		 	Gary J. Graham, Manager	 		 		 	Clinton J. Wilson, President

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