Document:

Exhibit 10.1

 

AMENDMENT, WAIVER AND EXCHANGE AGREEMENT

 

This Amendment, Waiver
and Exchange Agreement (the “Agreement”), dated as of June 30, 2015, is by and between WPCS International
Incorporated, a Delaware corporation with offices located at 521 Railroad Avenue, Suisun City, California 94585 (the “Company”),
and the holder identified on the signature page hereto (the “Holder”).

 

RECITALS

 

A. Prior to the date
hereof, the Company has issued to the Holder a Promissory Note with such aggregate outstanding principal as set forth on the signature
page of the Holder attached hereto (as amended, modified, waived or exchanged prior to the date hereof, the “Existing
Note”), pursuant to that certain Securities Purchase Agreement, dated as of December 17, 2013 and entered into by and
among the Company, the Holder and certain other investors signatory thereto entered (as amended, modified or waived prior to the
date hereof, the “Securities Purchase Agreement”).

 

B. The Company has
authorized a new series of preferred stock designated as Series H Convertible Preferred Stock (the “Series H Preferred
Stock”), the rights, preferences and other terms and provisions of which are set forth in the Certificate of Designations,
Preferences and Rights of Series H Preferred Stock, in the form attached hereto as Exhibit A (the “Series H Certificate
of Designations”), which Series H Preferred Stock shall be convertible into shares of the Company’s Common Stock
(as defined below), in accordance with the terms of the Series H Certificate of Designations (the “Conversion Shares”).

 

C. The Company and
the Holder desire to enter into this Agreement, pursuant to which (i) certain provisions of the Securities Purchase Agreement
shall be amended and waived and (ii) the Company and the Holder shall exchange the Existing Note for such aggregate number
of Series H Preferred Stock as set forth on the signature page of the Holder (the “Series H Exchange Shares”
and such transaction is referred to as the “Exchange”).

 

D. The Existing Note
will be exchanged for the Series H Exchange Shares in an exchange made in reliance upon the exemption from registration provided
by Section 3(a)(9) of the Securities Act of 1933, as amended (the “Securities Act”).

 

AGREEMENT

 

1. EXCHANGE.
On the Closing Date (as defined below), the Holder shall, and the Company shall, pursuant to Section 3(a)(9) of the Securities
Act, exchange the Existing Note for the Series H Exchange Shares (and the Existing Note shall be cancelled).

 

1.1 Delivery.
On or before the Closing Date, the Holder shall deliver, (i) the Existing Note, (ii) an executed IRS Form W-9 (the “Form
W-9”) and (iii) written instructions for delivery of the stock certificate evidencing the Series H Exchange Shares (the
“Delivery Instructions”), to the Company’s counsel at K&L Gates LLP, 599 Lexington Avenue, New York,
NY 10022, Attention: Robert S. Matlin, Esq. Following the Closing Date and the Company’s counsel’s receipt of the Existing
Note, the Form W-9 and the Delivery Instructions, the Company shall cancel the Existing Note and issue, and instruct its transfer
agent to deliver, a stock certificate evidencing the Series H Exchange Shares to the Holder in accordance with the Delivery Instructions.

 

    	 

    	 

    

  

1.2 Legend. The
Holder understands that the Series H Exchange Shares will be issued pursuant to an exemption from registration or qualification
under the Securities Act and applicable state securities laws, and except as set forth below, any certificates evidencing the Series
H Exchange Shares shall bear any legend as required by the “blue sky” laws of any state and a restrictive legend in
substantially the following form (and a stop-transfer order may be placed against transfer of such stock certificates):

 

THE SECURITIES REPRESENTED
BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS.
THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT
FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL TO THE HOLDER (IF REQUESTED BY THE
COMPANY), IN A FORM REASONABLY ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD
OR ELIGIBLE TO BE SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT.

  

1.3 Book-Entry.
The Holder consents to the Series H Exchange Shares being held in book-entry form by the Company’s transfer agent.

 

1.4 Other Documents.
The Company and the Holder shall execute and/or deliver such other documents and agreements as are customary and reasonably necessary
to effectuate the Exchange.

 

1.5 No Additional
Consideration. The parties acknowledge and agree that the Series H Exchange Shares shall be issued to the Holder in exchange
for the Existing Note without the payment of any additional consideration by the Holder.

 

1.6
Closing Date. The closing of the Exchange shall occur two (2) business days following the Company’s receipt of duly
executed copies of this Agreement from (i) holders of two-thirds (2/3) of the issued
and outstanding shares of the Company’s Series F convertible preferred stock, par value $0.0001 per share (“Series
F Preferred Stock”) and the Company’s Series G convertible preferred stock, par value $0.0001 per share (“Series
G Preferred Stock”) (together as a single series) and (ii) holders of two-thirds (2/3) of the issued and outstanding
shares of the Company’s Series F-1 convertible preferred stock, par value $0.0001 per share (“Series F-1 Preferred
Stock”) and the Company’s Series G-1 convertible preferred stock, par value $0.0001 per share (“Series
G-1 Preferred Stock”) (together as a single series).

 

1.7 Certificate of
Designations. The Company shall file the Series H Certificate of Designations with the Secretary of State of the State of Delaware
on or prior to the Closing Date.

 

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2.
AMENDMENT AND WAIVER TO securities purchase agreement. 

 

2.1
Amendment. Effective as of the Closing Date, Section 4(k) of the Securities
Purchase Agreement is deleted in its entirety and replaced with “Intentionally Omitted.”

 

2.2 Waiver. The
Holder hereby waives, solely with respect to the Exchange, all requirements of notice and the compliance by the Company with any
time periods set forth in Section 4(o) of the Securities Purchase Agreement.

 

3.
Representations and Warranties OF THE COMPANY. Subject to such disclosures set forth in the Company’s filings
with the Securities and Exchange Commission prior to the date hereof and in the 8-K Filing (as defined below), the Company represents
and warrants to the Holder, as of the date hereof, as follows:

 

3.1 Organization and
Qualification. The Company and each of its subsidiaries are duly incorporated or otherwise organized, validly existing and
in good standing under the laws of the jurisdiction of its incorporation or organization (as applicable), with the requisite power
and authority to own and use its properties and assets and to carry on its business as currently conducted. Neither the Company
nor any of its subsidiaries are in violation of any of the provisions of its respective certificate or articles of incorporation,
bylaws or other organizational or charter documents except, with respect to the subsidiaries, for violations which would not, individually
or in the aggregate, have or reasonably be expected to result in a material adverse effect. The Company and each of its subsidiaries
are duly qualified to conduct its respective businesses and are in good standing as a foreign corporation or other entity in each
jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, except where
the failure to be so qualified or in good standing, as the case may be, would not, individually or in the aggregate, have or reasonably
be expected to result in a material adverse effect.

 

3.2 Authorization
and Binding Obligation. The Company has the requisite power and authority to enter into and perform its obligations under this
Agreement and to issue the Series H Exchange Shares in accordance with the terms hereof. The execution and delivery of this Agreement
by the Company and the consummation by the Company of the transactions contemplated hereby, including, without limitation, the
issuance of the Series H Exchange Shares, have been duly authorized by the Board of Directors of the Company and, other than (i) such
filings required under applicable securities or “Blue Sky” laws of the states of the United States and (ii) the
filing of the Series H Certificate of Designations with the Secretary of State of the State of Delaware, no further filing, consent,
or authorization is required by the Company or of its board of directors or its shareholders. This Agreement has been duly executed
and delivered by the Company and constitutes the legal, valid and binding obligations of the Company enforceable against the Company
in accordance with its terms, except as such enforceability may be limited by general principles of equity or applicable bankruptcy,
insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting generally, the enforcement of applicable
creditors’ rights and remedies.

 

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3.3
No Conflict; Required Filings and Consents.

 

(i) The execution,
delivery and performance of this Agreement by the Company and the consummation by the Company of the transactions contemplated
hereby will not (A) result in a violation of the Company’s Certificate of Incorporation, the terms of any share capital of
the Company or any of its subsidiaries, the bylaws of the Company or any of the organizational documents of the Company or any
of its subsidiaries or (B) conflict with, or constitute a default (or an event which with notice or lapse of time or both would
become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement,
indenture or instrument to which the Company or any of its subsidiaries is a party, or (C) result in a violation of any law, rule,
regulation, order, judgment or decree (including U.S. federal and state securities laws, rules, and regulations, and the rules
and regulations of the Nasdaq Stock Market applicable to the Company or any of its subsidiaries or by which any property or asset
of the Company or any of its subsidiaries is bound or affected.

 

(ii) Except for
the filing of the Series H Certificate of Designations with the Secretary of State of the State of Delaware, neither the Company
nor any of its subsidiaries is required to obtain any consent, authorization or order of, or, make any filing or registration with,
any court, governmental agency or any regulatory or self-regulatory agency or any other person in order for it to execute, deliver
or perform any of its obligations under or contemplated by this Agreement, in accordance with the terms hereof. All consents, authorizations,
orders, filings and registrations (which the Company is required to obtain pursuant to the preceding sentence) have been obtained
or effected, or will have been obtained or effected, on or prior to the date hereof, and the Company and its subsidiaries are unaware
of any facts or circumstances that might prevent the Company from obtaining or effecting any of the registration, application or
filings pursuant to the preceding sentence.

 

3.4 No Integration.
None of the Company, its subsidiaries, any of their affiliates, or any person acting on their behalf has, directly or indirectly,
made any offers or sales of any security or solicited any offers to buy any security, under circumstances that would require registration
of any of the Series H Exchange Shares under the Securities Act, or cause this offering of the Series H Exchange Shares to be integrated
with prior offerings by the Company for purposes of the Securities Act or any applicable shareholder approval provisions, including,
without limitation, under the rules and regulations of any exchange or automated quotation system on which any of the securities
of the Company are listed or designated. None of the Company, its subsidiaries, their affiliates or any person acting on their
behalf will take any action or steps referred to in the preceding sentence that would require registration of any of Series H Exchange
Shares under the Securities Act or cause the offering of the Series H Exchange Shares to be integrated with other offerings.

 

3.5 Securities Law
Exemptions. Assuming the accuracy of the representations and warranties of the Holder contained herein, the offer and issuance
by the Company of the Series H Exchange Shares is exempt from registration under the Securities Act and all applicable state securities
laws.

 

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3.6 Issuance of
Series H Exchange Shares and Conversion Shares. The issuance of the Series H Exchange Shares is duly authorized and upon the
filing of the Series H Certificate of Designations with the Secretary of State of the State of Delaware and the issuance in accordance
with the terms of this Agreement, the Series H Exchange Shares shall be validly issued, fully paid and non-assessable and free
from all taxes, liens, charges and other encumbrances with respect to the issue thereof. Upon conversion in accordance with the
Series H Certificate of Designations, the Conversion Shares, when issued, shall be validly issued, fully paid and non-assessable
and free from all taxes, liens, charges and other encumbrances with respect to the issue thereof.

 

3.7 No Consideration
Paid. No commission or other remuneration has been paid by Company for soliciting the exchange of the Existing Note for the
Series H Exchange Shares as contemplated hereby.

 

4.
Representations and Warranties OF THE HOLDER. The Holder represents and warrants to the Company as of the date hereof,
as follows:

 

4.1 Organization
and Authority. The Holder has the requisite power and authority to enter into and perform its obligations under this Agreement.
The execution and delivery of this Agreement by the Holder and the consummation by Holder of the transactions contemplated hereby
has been duly authorized by Holder’s board of directors or other governing body. This Agreement has been duly executed and
delivered by Holder and constitutes the legal, valid and binding obligation of Holder, enforceable against Holder in accordance
with its terms.

 

4.2 Ownership
of Existing Note. The Holder owns the Existing Note free and clear of any liens (other than the obligations pursuant to this
Agreement and applicable securities laws).

 

4.3 Ownership
of Preferred Stock. The Holder is the owner of record of the numbers of shares of Series F Preferred Stock, Series G Preferred
Stock, Series F-1 Preferred Stock and Series G-1 Preferred Stock set forth on the Holder’s signature page attached hereto.

 

4.4 Reliance
on Exemptions. The Holder understands that the Series H Exchange Shares are being offered and exchanged in reliance on specific
exemptions from the registration requirements of United States federal and state securities laws and that the Company is relying
in part upon the truth and accuracy of, and the Holder’s compliance with, the representations, warranties, agreements, acknowledgments
and understandings of the Holder set forth herein in order to determine the availability of such exemptions and the eligibility
of the Holder to acquire the Series H Exchange Shares.

 

4.5 Validity;
Enforcement. This Agreement to which the Holder is a party has been duly and validly authorized, executed and delivered on
behalf of the Holder and shall constitute the legal, valid and binding obligations of the Holder enforceable against the Holder
in accordance with its respective terms, except as such enforceability may be limited by general principles of equity or to applicable
bankruptcy, insolvency, reorganization, moratorium, liquidation and other similar laws relating to, or affecting generally, the
enforcement of applicable creditors’ rights and remedies.

 

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4.6 No Conflicts.
The execution, delivery and performance by the Holder of this Agreement to which the Holder is a party, and the consummation by
the Holder of the transactions contemplated hereby will not (i) result in a violation of the organizational documents of the Holder
or (ii) conflict with, or constitute a default (or an event which with notice or lapse of time or both would become a default)
under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument
to which the Holder is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including
federal and state securities laws) applicable to the Holder, except in the case of clauses (ii) and (iii) above, for such conflicts,
defaults, rights or violations which would not, individually or in the aggregate, reasonably be expected to have a material adverse
effect on the ability of the Holder to perform its obligations hereunder.

 

4.7 No Consideration
Paid. No commission or other remuneration has been paid by the Holder for soliciting the exchange of the Existing Note for
the Series H Exchange Shares as contemplated hereby.

 

4.8 Not a 20%
Owner. After giving effect to the Exchange and the issuance of the Series H Exchange Shares to the Holder, the Holder will
be a “beneficial owner” (as defined for purposes of Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”)) of less than 20% of the shares of the Company’s common stock, par value $0.0001 per share,
then issued and outstanding.

 

5. Covenants.

 

5.1 Disclosure of
Transactions and Other Material Information. On or before the fourth (4th) Business Day following the Closing Date, the Company
shall file a Current Report on Form 8-K describing all the material terms of the transaction contemplated by the Agreement in the
form required by the Exchange Act and attaching all the material agreements (including, without limitation, this Agreement) (including
all attachments, the “8-K Filing”). From and after the 8-K Filing, the Company shall have disclosed all material,
non-public information (if any) delivered to the Holder by the Company or any of its subsidiaries, or any of their respective officers,
directors, employees or agents in connection with the transactions contemplated by this Agreement.

 

5.2 Holding Period.
For the purposes of Rule 144, the Company acknowledges that the holding period of the Series H Exchange Shares may be tacked onto
the holding period of each of the Existing Note, and the Company agrees not to take a position contrary to this Section 5.2.    

 

6. MISCELLANEOUS.

 

6.1 Effective Time.
This Agreement shall be effective upon the date each of the Company and the Holder shall have executed this Agreement.

   

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6.2. No Third Party
Beneficiaries. This Amendment is intended for the benefit of the parties hereto and their respective permitted successors and
assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other Person.

 

6.3 Governing
Law; Jurisdiction; Jury Trial. All questions concerning the construction, validity, enforcement and interpretation of this
Agreement shall be governed by the internal laws of the State of New York, without giving effect to any choice of law or conflict
of law provision or rule (whether of the State of New York or any other jurisdictions) that would cause the application of the
laws of any jurisdictions other than the State of New York. Each party hereby irrevocably submits to the exclusive jurisdiction
of the state and federal courts sitting in The City of New York, Borough of Manhattan, for the adjudication of any dispute hereunder
or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees
not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court,
that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is
improper. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit,
action or proceeding by mailing a copy thereof to such party at the address for such notices to it under this Agreement and agrees
that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be
deemed to limit in any way any right to serve process in any manner permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY
RIGHT IT MAY HAVE TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH
OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

6.4 Counterparts.
This Agreement may be executed in two or more identical counterparts, all of which shall be considered one and the same agreement
and shall become effective when counterparts have been signed by each party and delivered to the other party. In the event that
any signature is delivered by facsimile transmission or by an e-mail which contains a portable document format (.pdf) file of an
executed signature page, such signature page shall create a valid and binding obligation of the party executing (or on whose behalf
such signature is executed) with the same force and effect as if such signature page were an original thereof.

 

6.5 Headings;
Gender. The headings of this Agreement are for convenience of reference and shall not form part of, or affect the interpretation
of, this Agreement. Unless the context clearly indicates otherwise, each pronoun herein shall be deemed to include the masculine,
feminine, neuter, singular and plural forms thereof. The terms “including,” “includes,” “include”
and words of like import shall be construed broadly as if followed by the words “without limitation.” The terms “herein,”
“hereunder,” “hereof” and words of like import refer to this entire Agreement instead of just the provision
in which they are found.

 

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6.6
Severability. If any provision of this Agreement is prohibited by law or otherwise determined to be invalid or unenforceable
by a court of competent jurisdiction, the provision that would otherwise be prohibited, invalid or unenforceable shall be deemed
amended to apply to the broadest extent that it would be valid and enforceable, and the invalidity or unenforceability of such
provision shall not affect the validity of the remaining provisions of this Agreement so long as this Agreement as so modified
continues to express, without material change, the original intentions of the parties as to the subject matter hereof and the prohibited
nature, invalidity or unenforceability of the provision(s) in question does not substantially impair the respective expectations
or reciprocal obligations of the parties or the practical realization of the benefits that would otherwise be conferred upon the
parties. The parties will endeavor in good faith negotiations to replace the prohibited, invalid or unenforceable provision(s)
with a valid provision(s), the effect of which comes as close as possible to that of the prohibited, invalid or unenforceable provision(s).

 

6.7 Entire Agreement;
Amendments. This Agreement supersedes all other prior oral or written agreements between the Holder, the Company, its subsidiaries,
their affiliates and persons acting on their behalf solely with respect to the matters contained herein, and this Agreement, contains
the entire understanding of the parties solely with respect to the matters covered herein. No provision of this Agreement may be
amended other than by an instrument in writing signed by the Company and the Holder.

 

6.8 Notices.
Any notices, consents, waivers or other communications required or permitted to be given under the terms of this Agreement must
be in writing and will be deemed to have been delivered: (i) upon receipt, if delivered personally; (ii) when sent by facsimile
(if sent during the recipient’s normal business hours, or the next business day if sent after such normal business hours),
provided that confirmation of transmission is mechanically or electronically generated and kept on file by the sending party; (iii)
when sent by e-mail (if sent during the recipient’s normal business hours, or the next business day if sent after such normal
business hours), provided that such sent e-mail is kept on file (whether electronically or otherwise) by the sending party and
the sending party does not receive an automatically generated message from the recipient’s e-mail server that such e-mail
could not be delivered to such recipient) and (iv) if sent by overnight courier service, one (1) business day after deposit with
an overnight courier service with next day delivery specified, in each case, properly addressed to the party to receive the same.
The addresses, facsimile numbers, and e-mail addresses for such communications shall be:

 

If to the Company:

 

521 Railroad
Avenue

Suisun City,
CA 94585

Telephone:
(707) 421-1300

Facsimile:
(707) 421-1359

Email: sebastian.giordano@wpcs.com

Attention:
Interim Chief Executive Officer

 

With a copy (for informational
purposes only) to:

 

K&L Gates LLP

599 Lexington Avenue

New York, NY 10022

Telephone: (212) 536-3900

 

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Facsimile: (212) 536-3901

Email: robert.matlin@klgates.com

Attention: Robert S. Matlin, Esq.

 

If to the Holder:

 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

With a copy (for informational
purposes only) to:

 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

6.9 Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and
assigns, including any purchasers of any of the securities.

 

6.10 Survival.
The representations, warranties, agreements and covenants shall survive the date hereof.

 

6.11 Further
Assurances. Each party shall use its reasonable best efforts to do and perform, or cause to be done and performed, all such
further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as any
other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation
of the transactions contemplated hereby.

 

6.12 Construction.
The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and
no rules of strict construction will be applied against any party. No specific representation or warranty shall limit the generality
or applicability of a more general representation or warranty.

 

[The remainder of the page is intentionally
left blank]

 

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

 

	 	COMPANY:
	 	 
	 	WPCS INTERNATIONAL INCORPORATED
	 	 	 
	 	By:	 
	 	 	
        Name:  Sebastian Giordano

        Title:  Interim Chief Executive Officer

 

    	 

    	 

    

 

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

 

	 	HOLDER:
	 	 	 
	 	[_________________]
	 	 	
        

	 	By:	 
	 	 	Name: 
	 	 	Title:

 

	Exchange	 	 	 	 
	Aggregate Principal Amount of Existing Note:	 	 	[_________]	 
	 	 	 	 	 
	Aggregate Number of Series H Exchange Shares:	 	 	[_________]	 
	 	 	 	 	 
	Amendment and Waiver	 	 	 	 
	Aggregate Number of Series F Preferred Shares Owned of Record:	 	 	[_________]	 
	 	 	 	 	 
	Aggregate Number of Series G Preferred Shares Owned of Record:	 	 	[_________]	 
	 	 	 	 	 
	Aggregate Number of Series F-1 Preferred Shares Owned of Record:	 	 	[_________]	 
	 	 	 	 	 
	Aggregate Number of Series G-1 Preferred Shares Owned of Record:	 	 	[_________]Exhibit 10.1

 

CHANNEL DISTRIBUTION AGREEMENT

 

This Channel Distribution Agreement ("Agreement"),
dated February 9, 2015 ("Effective Date"), is between simplyME Distribution ("simplyME") with offices at 90
Danbury Road, New Milford, CT 06776 and HDIMAX Media, Inc. Content Provider) with offices at

 

112 West 34th Street New York, New York 10120

 

Whereas simplyME distributes electronic media content and supporting
advertisements within the entertainment and media industry over cable, satellite, online, IPTV, mobile and TV in the United States
and international markets. simplyME has the rights and technology and capabilities to distribute this media content along with
distribution agreements with national networks, such as XBox, Dish Network, Verizon, Comcast and and others, to provide outlets
for electronic media content distribution and advertisements. This capability collectively is referred to as "Services";
and

 

Whereas, Content Provider wishes simplyME to transmit or otherwise
distribute to End Users its Content through simplyME's Services.

 

Whereas, Content Provider has developed and/or may develop Programming
or may otherwise have or obtain rights in Content; and

 

Now, therefore, in consideration for the representations, warranties
and covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereby agree as follows:

 

	·		DEFINITIONS

	·		"Affiliates" as used herein means persons or entities owning, controlling,
owned by, controlled by or under common control with Content Provider or any of them as of the date hereof and/or at any time
thereafter.

	·		"Access Center" shall mean any Person authorized or otherwise allowed to
permit End Users access to data/media generated or otherwise transmitted by Transmission Companies.

	·		"Advertiser" shall mean an entity purchasing video, sponsorship and/or banner
advertising slots.

	·		"Content" shall mean (i) visual (including, without limitation motion pictures
and still photograph), (ii) audiovisual products, and (iii) sound recording (including, without limitation, spoken words and music)
whether or not coupled with a visual image, by any method and on any substance or material, or in any other form or format, whether
now or hereafter known, which are owned or controlled by Content Provider or its Affiliates and set forth on Schedule 1, annexed
hereto and made a part hereof.

	·		"Content Provider" is an entity that produces Content, has Content, or acquires
Content.

	·		"Electronic Streaming" shall mean the transmission, broadcast or electronic
communication (such transmission, broadcast or electronic communication being in any form now known or hereafter to become known
including, without limitation, by means of cable, wire, fiber of any material, over-the-air in any frequency band, master antenna,
satellite master antenna, low power communications, closed circuit communications, single and multi-channel multipoint distribution
service and direct to TVRO (i.e., satellite receive only) or satellite transmission of a data stream
pursuant to subscription, license, or other understanding.

 

    	1

    	 

    

 

	·		"End User" shall mean any Person capable of
accessing data from an Access Center or Transmission Company through Electronic Streaming, Broadcast Transmission and/or Video
On Demand service via Internet or Set Top Box or any other means.

	·		To "Make Available" shall mean, with respect
to Content provided or to be provided by Content Provider to simplyME and Content Provider obligations hereunder, to provide to
SimplyME confirmation of the grant of all rights and licenses necessary for transmission or other distribution, public performance,
sublicensing and other exploitation of such Content in accordance with the terms and conditions herein.

	·		"Person" shall mean any individual, firm, corporation,
general or limited partnership, joint venture, trust, association, unincorporated entity of any kind, or any federal, state or
local governmental regulatory authority.

	·		"Revenues" shall mean all monies actually collected
by either party in payment from Advertisers and/or sponsors, or their authorized agents, for advertisements and/or sponsorship
and/or banners and/or any other media transmitted through use of the Services to distribute the Content of Content Provider. Revenues
also include any monies, such as but not limited to monies actually received from Pay-Per-View, received from distribution of
the Content through use of the Services.

	·		"Services" shall mean as defined above in the
second paragraph on the first page of this Agreement.

	·		"Term" shall mean as defined in this Agreement
below.

	·		"Territory" as defined in this Agreement below.

	 		 

	·		"Transmission Companies" shall mean companies
selected by simplyME to transmit or otherwise distribute Content through Electronic Streaming, Broadcast, and/or Video On Demand
or any other means to Access Centers for use in connection with the Services.

	·		"Use" shall mean, collectively or individually,
interact with, copy or otherwise reproduce, store, display, play, transmit, perform or otherwise exploit.

 

	·		TERRITORY

 

The Territory is National over Verizon FiOS,
Verizon Wireless, DISH Network and DISH Hopper, Comcast, XI3OX and a sub-channel to be named by Content Provider.

 

	·		DISTRIBUTION
                                         RIGHTS

 

The Content Provider hereby grants
to simplyME and its distributors and licensees the non-exclusive right within the Territory, to distribute a national VOD channel
over that Content Provider creates a name for, license and exploit the Content and associated artwork through the following Transmission
Companies: Verizon FiOS and Verizon Wireless VOD, and simplyme.tv
online The Content Provider hereby grants to simplyME and its distributors and licensees the non-exclusive right and/or
license within the Territory to distribute Content Provider's Content in the name of a VOD channel over said platforms as described:

 

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	·		to use the names, likenesses and biographical material concerning each artist whose
performances are comprised in the Content for purposes of promotion, sale and exploitation of the Content hereunder;

	·		to use Content provided or to be provided by Content Provider, including, without
limitation, to reproduce, under all applicable intellectual and commercial property rights (including copyright and trademark
rights), such Content onto Files;

	·		to provide copies of such Files to Transmission Companies and Access Centers and to
provide, through Electronic Streaming, such Content to Transmission Companies and/or Access Centers;

	·		to sublicense or otherwise authorize Transmission Companies and Access Centers to
provide such Content through Electronic Streaming for Use by End Users;

	·		to sublicense, through the Access Centers or such Access Centers' agents, the Use
of such Content by End Users;

	·		to market, promote, advertise and publicize, in any and all media ("Promotional
Rights") such Content in connection with simplyME's rights hereunder and to authorize Transmission Companies and Access Centers
to do the same; and

	·		to use Content Provider trademarks and copyrighted materials and all other trademarks
and copyrighted materials related to such Content in connection with exercising Promotional Rights and to authorize Transmission
Companies and Access Centers to do the same.

	·		to reproduce the Content to be added to simplyME's electronic files ("Files")
that simplyME may provide by Electronic Streaming or other delivery means to Transmission Companies and Access Centers on a periodic
basis. The Files provided to Transmission Companies and Access Centers may contain such Content, programming licensed from other
content providers, and other programming.

 

	·		DISTRIBUTION
                                         FEE

 

The fee for the Services hereunder and the new processing fee
is a total of $5,000.00 due 30 days before launch with an ongoing monthly fee of $5,000.00 due the first of each month. A maximum
of 30 pieces of media per month will be accepted for the monthly fee. If Content Provider would like to provide

 

additional pieces, then the processing fee for each piece shall
be $200 across both Verizon FiOS, Verizon Wireless, DISH Hopper and DISH Network, Comcast and all other outlets included in the
Services. Content provider agrees to negotiate a number of common share of stock in lieu of payment, such share will be allocated
as additional territories come on line and will be include in a seperate agreement.

 

	·		REVENUE
                                         PAYMENTS BY THE PARTIES

 

During the Term of this Agreement, fifteen days after the close
of every calendar month of the Agreement, the party receiving Revenues will send a report via email to the other party. This report
will itemize each payment received, or to be received, the amount, source and associated Content. For the sum of all payments received
as the date of the report, a transfer of this sum will be made to the other party's bank account as defined in this Agreement within
2 business days of the date of the report. For the sum of all payments not received as the date of the report, a transfer of this
sum will be made to the other party in the next month's transfer payment. Content provider agrees to a 50/50 Ad revenue split.

 

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The Content Provider will make payments to the following
wire transfer coordinates to simplyME:

 

Bank: 

Account Name: 

Account Number: 

Routing Number: 

 

simplyME will make payments to the following wire transfer
coordinates to Content Provider:

 

Bank: TBD

Account Name: _________

Account Number:__________

Routing Number:__________

 

	·		AUDIT
                                         RIGHTS

 

Both parties shall retain at its principal place of business
for a period of not less than two (2) years after the calendar month to which such records relate, files, records, and books of
account prepared in the normal course of business which contain data reasonably required for the computation and verification of
the accounts to be paid and the information to be given in any report required hereunder. Upon not less than thirty (30) days prior
written notice, either party shall permit one representative of the other party, i.e., a certified public accountant retained by
the requesting party, at the requesting party's expense, to inspect and audit, upon reasonable notice to the other party and at
reasonable times (but not more often than once annually) all such files, records and books of account, but only as related to Content
provided in accordance with the terms and conditions herein, and to take extracts therefrom and make copies thereof for the purpose
of verifying the accuracy of the payments provided under this Agreement. The information disclosed pursuant to this Section shall
constitute Proprietary Information, as defined in this Agreement.

 

	·		TERM

 

Subject to the earlier termination of this Agreement as
set forth in Section 11 (Termination), the initial term of this Agreement shall begin, y. n the Effective Date of this
Agreement and shall terminate on the date which is the last day of the 24th month following the Effective Date. This
Agreement shall be renewed only upon mutual consent of the parties for a minimum of a two (1) year period unless either
party, or both parties, notify the other party no later than three (3) months before the end of the initial term or renewal
term then in effect of its, or their, intention not to so renew the term; upon such notification, this Agreement shall
terminate at the end of such initial or renewal Term then in effect. (The initial and all renewal terms are hereinafter
referred to collectively as the "Term".) The Confidentiality, Non-Compete and Non-Circumvent provisions of this
Agreement survive the expiration of this Agreement regardless of which party does not elect to renew.

 

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	·		TERMINATION FOR DEFAULT

 

simplyME may terminate this Agreement by giving Content Provider
at least sixty (60) days prior written notice, if (a) the Content Provider has made any misrepresentation herein or breaches any
of its obligations hereunder and such misrepresentation or breach (which shall be specified in such notice) is not cured within
thirty (30) days of such notice or such misrepresentation or breach is material and cannot be cured within thirty (30) days of
such notice, or (b) Content Provider shall be unable to pay its debts when due, or shall make an assignment for the benefit of
any of its creditors, or shall file any petition under the bankruptcy or insolvency laws of any jurisdiction. The Confidentiality,
Non-Compete and Non-Circumvent provisions of this Agreement survive the termination of this Agreement.

 

Content Provider may terminate this Agreement by giving simplyME
at least sixty (60) days prior written notice, if (a) simplyME has made any misrepresentation herein or breaches any of its obligations
hereunder and such misrepresentation or breach (which shall be specified in such notice) is not cured within thirty (30) days of
such notice or such misrepresentation or breach is material and cannot be cured within thirty (30) days of such notice, or (b)
simplyME shall make an assignment for the benefit of any of its creditors, or shall file any petition under the bankruptcy or insolvency
laws of any jurisdiction. The Confidentiality, Non-Compete and Non-Circumvent provisions of this Agreement survive the termination
of this Agreement.

 

	·		EFFECT OF EXPIRATION OR TERMINATION

 

Upon the expiration or earlier termination of this Agreement,
all rights granted to simplyME hereunder, except any rights provided under this Section and any rights surviving termination as
specified in this Agreement, shall immediately terminate and revert to Content Provider, without any further action being required
of either of the parties.

 

Within sixty (60) days after the expiration or termination of
this Agreement, simplyME and Access Centers shall cease the Electronic Streaming and all other Use of the Content provided by Content
Provider to the extent they were authorized under this Agreement. Until expiration of such sixty (60) day period, simplyME and
Access Centers shall have the right to continue to the Electronic Streaming and Use of such Content and the End Users shall have
the right to continue to Use such Content as permitted by the terms of this Agreement.

 

Upon expiration or earlier termination of this Agreement, all
obligations incurred by simplyME and its respective partners and their parents and subsidiaries under this Agreement, except those
specified in this Agreement, shall terminate immediately without any further action by the parties, except the obligation to remit
payments hereunder

 

	·		FUTURE CONTENT

 

With respect to any Content published on or after the Effective
Date ("Future Content"), notwithstanding the date upon which Content Provider shall Make Available such Future Content,
Content Provider shall Make Available each program of such Future Content (and grant Promotional Rights therefore to simplyME)
no later than ten days following final edits. If Content Provider does not have the rights necessary to Make Available such Future
Content in accordance with the foregoing sentence, then Content Provider shall use its best efforts to (i) acquire the necessary
rights to Make Available such Future Content as soon as possible (and grant Promotional Rights therefore to simplyME), and (ii)
notify simplyME immediately upon Content Provider acquisition of such rights. At such time, Content Provider shall document and
provide to simplyME a list of any and all third party restrictions related to such Future Content and the expiration date for any
third party rights associated with such Future Content.

 

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	·		JURISDICTION &
LEGAL FEES

 

The construction, validity and performance of
this Agreement shall be governed by the laws of the state of New York without regard to conflicts of law principles. If either
party seeks to institute a proceeding against the other relating to this Agreement, the party instituting such action shall bring
the action in the federal and/or state courts in the State of New York. In the event of a dispute between the parties pertaining
to this Agreement, the prevailing party shall be entitled to recover attorney's fees and other costs reasonably incurred in connection
with any such dispute. The provisions of this paragraph shall survive the expiration or termination of this Agreement.

 

	·		GENERAL PROVISIONS

	·		Drafted Jointly. This Agreement shall be deemed jointly
drafted and to the extent the Agreement is determined to contain any ambiguities, the ambiguities shall not be construed against
either party hereto.

	·		Independent Parties. The parties hereto acknowledge and
agree that the relationship between the parties is that of independent contractors. This Agreement shall not be deemed to create
a partnership or joint venture, and neither party is the other's agent, partner, employee, or representative.

	·		Representation. Each party has been represented by independent
counsel or had the unrestricted opportunity to be represented by independent counsel of its choice for purposes of advice in connection
with the negotiation and execution of this Agreement. If either party has not been represented by independent counsel of its choice
in connection with this Agreement, it acknowledges and agrees that its failure to be represented by independent counsel was determined
solely by itself

	·		Force Majeure. Neither party shall be deemed in default
of this Agreement to the extent that performance of their respective obligations or attempts to cure any breach are delayed or
prevented by reason of any act of God, fire, natural disaster, accident, act of government, or any other cause beyond the reasonable
control of such party; provided, that such party gives the other party written notice thereof within ten (10) working days of
discovery thereof.

	·		Limitation on Liability; Remedies. Neither party shall
be liable to the other party for any consequential, special, or punitive damages of any kind or nature whether such liability
is asserted on the basis of contract, tort (including negligence or strict liability), or otherwise, even if the other party has
been warned of the possibility of such loss or damages. All remedies hereunder, including without limitation, the termination
of this Agreement, and all other remedies provided at law or in equity (and not excluded pursuant to the foregoing sentence) shall
be deemed cumulative and not non-exclusive.

	·		Waiver. No failure or delay by either party in exercising
any right, power, or remedy under this Agreement shall operate as a waiver of any such right, power, or remedy. No waiver of any
provision of this Agreement shall be effective unless in writing and signed by the party against whom such waiver is sought to
be enforced. Any waiver by either party of any provision of this Agreement shall not be construed as a waiver of any other provision
of this Agreement, nor shall such waiver operate as or be construed as a waiver to such provision respecting any future event
or circumstance.

	·		Headings. The headings of the Sections of this Agreement
are for convenience of reference only and shall not modify, define or limit any of the terms or provisions of this Agreement.
Wherever used herein, the singular and plural shall include the other, as the text requires the
purpose of fulfilling its respective obligations hereunder. Furthermore, both parties agree that it shall not, either during or
subsequent to the Term, directly or indirectly, publish any of the Proprietary Information unless the prior written consent of
the disclosing party shall first have been obtained.

 

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	·		NON-CIRCUMVENT

 

For Non-Circumvention, both parties herein agree
not to communicate with any other of the other party's named suppliers, clients, consultants or intermediaries that have from time
to time been made known to the party in connection with this Agreement during the Term of this Agreement and for a period of two
years from the date of termination or expiration of this Agreement, unless agreed upon in writing by both parties. The exception
would be if this Agreement were termination due to default, then the non-defaulting Party is not held to this Section.

 

	·		ASSIGNMENT

 

This Agreement shall be binding upon and shall
inure to the benefit of the parties hereto and their respective successors and assigns. Neither party will have the right to assign
any of its rights or obligations hereunder without the written approval of the other party which will not be unreasonably withheld.
No such assignment shall relieve the assigning party of its obligations hereunder.

 

	·		CURE

 

Unless otherwise specifically set forth herein,
neither party shall be deemed to be in breach of this Agreement unless the complaining party gives specific notice to the alleged
defaulting party of the nature of such default and/or breach and the alleged defaulting party fails to cure such breach within
30 days.

 

	·		NOTICES

 

All notices shall be in writing and shall be
sent by personal delivery, overnight courier, or certified mail, return receipt requested, postage prepaid, to the address of
the party to be notified set forth herein or such other addresses as such party has designated by written notice to the other
party. All notices shall be deemed given as of the date of receipt.

 

Notice to simplyME:

 

simplyME Corporation

90 Danbury Road

New Milford, CT 06776 USA

Office: 800-240-1197

Email: info@simplyme.tv

 

Notice to Content Provider: Myles Pressey

 

112 West 34th Street

Suite 1555

New York, NY 10220

mmoressey@zonzia.com

 

 

 

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simplyME shall indemnify and hold harmless Content
Provider, its affiliated companies and their respective owners, officers, directors, employees, consultants and agents from all
Liabilities incurred in connection with any claim arising out of simplyME's breach of any representation or obligation hereunder,
or incurred in the settlement or avoidance of any such Liabilities. Notwithstanding the foregoing, Content Provider hereby acknowledges
that no owner, employee, officer, director, consultant or agent of simplyME shall be individually responsible for indemnifying
Content Provider for such Liabilities, except as permitted by law. The provision of this Section shall apply, without limitation,
to claims brought by either party against the other. Pending the disposition of any such claim or action, Content Provider shall
have the right to withhold payment of such portion of any monies which may be payable by Content Provider to simplyME hereunder
as shall be reasonably related to the amount of the claim and estimate counsel fees.

 

To assert its rights of indemnification hereunder
in cases involving third-party claims, the party seeking indemnification must: (i) promptly notify the indemnifying party of any
claim or legal proceeding which gives rise to such right; (ii) afford the indemnifying party the opportunity to participate in,
or fully control, any proceeding and the compromise, settlement, resolution or other disposition of such claim or proceeding; and
(iii) fully cooperate with the indemnifying party, at the indemnifying party's expense, in such indemnifying party's participation
in, and control of any proceeding and the compromise, settlement, resolution or other disposition of such claim or proceeding;
provided, however, that if such compromise, settlement, resolution or other disposition could have an adverse effect on the indemnified
party, the indemnified party's consent to such compromise, settlement, resolution or other disposition shall be required but shall
not be unreasonably withheld.

 

	18.		CONFIDENTIAL INFORMATION.

 

Both parties agree that certain information
which either party may receive from the other party is proprietary to the delivering party. Such information includes, without
limitation: (i) the terms and conditions of this Agreement; (ii) any proprietary ideas, plans and information, including, without
limitation, information of a technological or business nature (including, without limitation, all trade secrets, computer programming,
customer lists, technology, intellectual property, data, summaries, reports or mailing lists, whether written or oral and if written
however produced or reproduced); (iii) the fact that simplyME intends to develop or market any particular hardware or programming
products; (iv) any nonpublic information concerning the business or finances of either party; and (v) any other information provided
by either party which is designated in writing by the party prior to disclosure as being proprietary to the party. All of the types
of information referenced in clauses (i) through (v) of this paragraph shall be collectively referred to hereinafter as "Proprietary
Information."

 

The obligations set forth in this Section shall
not be applicable to any information which is or becomes: (i) known by either party prior to the disclosure thereof by the other
party, as established by documentary evidence; (ii) lawfully received by either party from a third party who provided such information
without breach of any separate confidentiality obligation owed by such third party; and/or (iii) required to be disclosed in the
context of any administrative or judicial proceeding, but only to the extent required by such action and only after giving the
disclosing party not less than ten (10) working days prior written notice of any such required disclosure, and provided further
that the party shall use its reasonable best efforts to obtain an appropriate protective order regarding the information to be
disclosed in any such context.

 

Neither party shall, during the Term and for
two (2) years thereafter, directly or indirectly, disclose any of such Proprietary Information (or any portion thereof) to any
other person or entity, other than to its employees, agents or consultants who participate directly in the performance of the party's
obligations under this Agreement, and neither party shall copy or use any of the Proprietary Information except for

 

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	·		MUTUAL DISTRIBUTION OF CONTENT

 

Subject to any limitations imposed upon Content
Provider by its third party licensors of which simplyME has been made aware in advance, all decisions regarding the selection,
timing, promotion, duration and territorial scope of Electronic Streaming of the Content through the Services and the advertisements
to be associated with such Content shall be upon mutual consent of simplyME and Content Provider. If, in its sole discretion, simplyME
determines that any Content must be edited or modified prior to simplyME's initial or continued distribution of such Content, then
Content Provider shall use reasonable efforts under the circumstances to perform or have performed such edits or modifications
as soon as practical provided such efforts do not impose an undue financial burden on Content Provider and provided Content Provider
has the right to so edit or modify the Content.

 

	·		REPRESENTATIONS AND WARRANTIES

 

simplyME and Content Provider each represent,
warrant and covenant to the other that: (i) it has the power and authority to enter into this Agreement and to fully perform its
respective obligations hereunder, (ii) this Agreement has been executed by its duly authorized representative, and (iii) it is
under no contractual or other legal obligation which shall in any way interfere with the full, prompt and complete performance
of its obligations pursuant to this Agreement.

 

Content Provider warrants and represents that
it possesses the necessary legal rights to have simplyME distribute the Content in the Territory during the Term as provided herein.
No materials embodied on the Content and the packaging therefor will violate any law or infringe upon the rights of any party.

 

Content Provider represents, warrants and covenants
that the Electronic Streaming and Use of Content provided by Content Provider on the services and the promotional rights granted
hereunder do not violate any copyright, trademark, trade name, or service mark, trade secret or patent right, and if the rights
granted hereunder are owned or controlled by any entity other than Content Provider, all of the necessary actions have taken place
between Content Provider and such third party in order to allow Content Provider to grant any of the intellectual property rights
and promotional rights granted pursuant to this Agreement and to allow simplyME to distribute the Content.

 

Content Provider recognizes and acknowledges
that simplyME has not made, and does not make, any representations or warranty with respect to the quantity (if any) of sales of
Content.

 

	·		INDEMNIFICATIONS.

 

Content Provider shall indemnify and hold harmless
simplyME, its affiliated companies and their respective owners, officers, directors, employees, consultants and agents from all
liabilities, damages, costs and expenses (including, without limitation, reasonable counsel fees and expenses) (each a "Liability",
and collectively referred to herein as "Liabilities") incurred in connection with any claim arising out of Content Provider
breach of any representation or obligation hereunder, including any claim that Content Provider lacks the authority to grant the
rights, including Electronic Streaming rights granted herein, or incurred in the settlement or avoidance of any such Liabilities.
The provisions of this Section shall apply, without limitation, to claims brought by either party against the other. Pending the
disposition of any such claim or action, simplyME shall have the right to withhold payment of such portion of any monies which
may be payable by simplyME to Content Provider hereunder as shall be reasonably related to the amount of the claim and estimate
counsel fees.

 

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	·		Modification. No modification of any provisions hereof shall be effective unless in
writing and signed by both of the parties to this Agreement.

	·		Severability. If any provision of this Agreement shall be held to be illegal, invalid
or unenforceable, that provision will be enforced to the maximum extent permissible so as to give effect to the intent of the
parties and the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired
thereby. If necessary to give effect to the intent of the parties, the parties will negotiate in good faith to amend this Agreement
to replace the unenforceable language with enforceable language which as closely as possible reflects such intent.

	·		Entire Agreement. This Agreement sets forth the entire agreement and understanding
between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, negotiations,
and understandings between the parties, both oral and written.

	·		Construction. This Agreement has been negotiated by the parties and their respective
counsel and will be fairly interpreted in accordance with its terms and without any strict construction in favor or against any
party.

	·		Counterparts. This Agreement may be executed in one or more counterparts, all of which
shall be considered one and the same agreement, and shall become effective when one or more counterparts shall have been signed
by each party and delivered to the other party.

 

Accepted and Agreed to as of the Effective Date
of this Agreement:

 

 

 

 

 

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