Document:

EMPLOYMENT
AGREEMENT

 

THIS
EMPLOYMENT AGREEMENT dated as of 3/29/12 (the
“Agreement”), between WOWIO, Inc., d.b.a. Studio W (the “Company”), and Jacob Morris (the “Executive”).

 

WHEREAS,
effective as of the execution date hereof, this Agreement shall supersede and replace any prior employment arrangement and/or agreement
(the “Prior Employment Relationship”) that the Executive has or had with the Company. The Executive has
been employed with the Company since September 1, 2011;

 

WHEREAS,
for the purposes of this Agreement, the term “Company” includes all subsidiaries, affiliates, successors and assigns
of WOWIO, Inc., d.b.a. Studio W; and

 

NOW,
THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

	Section 1.		Employment.

 

The
Company shall employ the Executive, and the Executive accepts employment with the Company, upon the terms and conditions set forth
in this Agreement for the period beginning on the date of execution of this Employment Agreement and ending as provided in Section
4 (the “Employment Period”).

 

	Section 2.		Position and Duties.

 

(a)       During
the Employment Period, the Executive shall serve as the Chief Operating Officer of the Company and each of its subsidiaries unless
otherwise set forth in corporate documents, employment agreements with other employees or public filings, and shall have the usual
and customary duties, responsibilities and authority of a Chief Operating Officer subject to the power of the Board of Directors
of the Company (the “Board”) (i) to reasonably expand or limit such duties, responsibilities and authority and (ii)
to override the actions of the Executive. The Executive shall, if so requested by the Company, also serve with or without additional
compensation, as an officer, director or manager of entities from time to time directly or indirectly owned or controlled by the
Company (each an “Affiliate,” or collectively, the “Affiliates”).

 

(b)       The
Executive shall report to the Board and shall devote his best efforts and substantially all of his active business time and attention
(except for permitted vacation periods and reasonable periods of illness or other incapacity) to the business and affairs of the
Company and its Affiliates. The Executive shall perform his duties and responsibilities to the best of his abilities in a diligent
and professional manner.

 

(c)       In
addition to any responsibilities, tasks or duties set forth herein, specific responsibilities, tasks and duties are set forth on
Appendix 1 attached hereto.

 

    	 

    	 

    

  

(d)       The foregoing restrictions shall not limit or prohibit the Executive from engaging in passive investment, inactive business ventures
and community, charitable and social activities not interfering with the Executive’s performance and obligations hereunder.

 

	Section 3.		Base Salary and Benefits.

 

(a)       During
the Employment Period, the Executive’s base salary shall be One Hundred Twenty Thousand Dollars ($120,000.00) per annum (the “Base
Salary”), such Base Salary shall be payable in regular installments in accordance with the Company’s general payroll practices
and subject to withholding and other payroll taxes. In addition, during the Employment Period, the Executive shall be entitled
to participate in all employee benefit programs from time to time for which senior executive employees of the Company and its Affiliates
are generally eligible. The Executive shall be eligible to participate in all insurance plans available generally from time to
time to executives of the Company, their families and its Affiliates.

 

(i)       Salary Increases.

 

(A)       If the Company obtains financing of more than Two Million Five Hundred Thousand Dollars ($2,500,00.00) then the Base Salary shall
be increased to One Hundred Thirty-Seven Thousand Five Hundred Dollars ($137,500.00), Such increase to be effective after the
receipt of the financing and is not retroactively applicable.

 

(b)       Bonuses.

 

(i)       Signing
Bonus. Executive shall receive One Million (1,000,000) shares of the Company’s common stock upon execution of the Employment
Agreement.

 

(ii)       Company
Performance Bonus. Each year during the Employment Period, in addition to the Base Salary, the Executive shall be eligible
to earn a Company Performance Bonus (an “Annual Bonus”) equal to Ten Percent (10%) of the Executive’s Base Salary
at the end of each calendar year. The Annual Bonus will only be payable if the aggregate amount of the Annual Bonuses to be paid
to all executives does not exceed Twenty-Five Percent (25%) of the Company’s net profits for such calendar year. The Executive
shall only be eligible to receive an Annual Bonus if he remains continuously employed by the Company through December 31 of the
year in which the Annual Bonus was earned. Any Annual Bonus payable pursuant to this Section 3(b)(ii) shall be paid to the Executive
in a single cash payment. The Company will make the Annual Bonus payment by March 15lh of the year following the year
in which the bonus was earned, unless otherwise agreed by the Company and the Executive.

 

(iii)       Producer
Fee Pool Bonus. Executive will participate in any “Producer Fee Pool” of any Company-owned property becoming a feature
film or television series as to be determined and set forth on Exhibit A. The Executive shall only be eligible to receive
a Producer Fee Pool Bonus if he remains continuously employed by the Company through December 31 of the year in which the Producer
Fee Pool Bonus was earned.

 

(c)       During
the Employment Period, the Company shall reimburse the Executive for all reasonable expenses incurred by him in the course of performing
his duties under this Agreement which are consistent with the Company’s and its Affiliates’ policies as such policies may be established
and amended from time to time with respect to travel, entertainment and other business expenses, subject in all instances to the
Company’s requirements with respect to reporting and documentation of such expenses.

 

    	 

    	 

    

 

(d)       During the Employment Period, the Executive shall be entitled to Two (2) weeks paid vacation. Executive will not schedule or take
vacation during the Two (2) week period surrounding the date in which a Securities and Exchange Commission (“SEC”) periodic
filing is due.

 

	Section 4.		 Term.

 

(a)       The
Employment Period shall commence on the date of signing and shall end on the One (1) year anniversary provided, however, that (i)
the Employment Period shall terminate prior to such date upon the Executive’s resignation, death or Disability (as defined in the
following sentence), at any time prior to such date, and (ii) the Employment Period may be terminated by the Company at any time
prior to such date for Cause (as defined below) or without Cause. For purposes of this Agreement “Disability” shall mean
“disability” or “permanent disability” as set forth in the long-term disability plan of the Company, or if
no such plan is in effect, it shall mean any long-term disability or incapacity which (x) renders the Executive unable to substantially
perform his duties hereunder for One Hundred Twenty (120) days during any 12-month period or (y) is predicted to render the Executive
unable to substantially perform his duties for One Hundred Twenty (120) days during any 12-month period based, in the case of this
clause (y) only, upon the opinion of a physician mutually agreed upon by the Company and the Executive, in each case as determined
by the Board (excluding the Executive if he should be a member of the Board at the time of such determination) in its good faith
judgment; provided, however, that no action shall be taken hereunder that precludes Executive from making a claim under any separate
long-term disability policy maintained by the Company. The last day on which Executive is employed by the Company, whether separation
is voluntary or involuntary and is with or without Cause or by reason of Executive’s resignation, is referred to as the “Termination
Date.”

 

(b)       If
the Employment Period is terminated by the Company without Cause, then the Executive shall be entitled to receive his Base Salary
for the period beginning on the Termination Date and ending on either (i) the Six (6) month anniversary of the Termination Date
or (ii) April 1, 2013, whichever occurs first, unless the Executive has breached the provisions of this Agreement, in which case
the provisions of Section 9 shall apply. Such payments of the Base Salary as severance shall be made periodically in the
same amounts and at the same intervals as if the Employment Period had not ended and the Base Salary otherwise continued to be
paid; provided, however, that no payments shall be made to the Executive under this Section 4(b) prior to
Six (6) months after the Termination Date if such payment would result in adverse tax consequences to the Executive under Section
409A of the Internal Revenue Code of 1986, as amended or replaced and as in effect from time to time (the “Code”).

 

(c)       If
the Employment Period is terminated by the Company for Cause, or by reason of the Executive’s resignation, death or Disability,
the Executive shall be entitled to receive his Base Salary and any unpaid bonuses which he had earned in the previous year, only
to the extent such amount has accrued through the Termination Date.

 

    	 

    	 

    

 

(d)       Except
as otherwise required by law (e\g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance,
fringe benefits and bonuses hereunder (if any) accruing after the Termination Date shall cease upon the Termination Date. If the
Executive is terminated by the Company without Cause, the sole compensation of the Executive and/or his successors, assigns, heirs,
representatives and estate shall be to receive the severance payments described in Section 4(b). If the Executive is terminated
by the Company for Cause, or if the Employment Period is terminated by reason of the Executive’s resignation, death or Disability,
the sole remedy of the Executive and/or his successors, assigns, heirs, representatives and estate shall be to receive the payment
(if any) described in Section 4(c).

 

(e)       For
purposes of this Agreement, “Cause” means:

 

(i)       the
failure by the Executive to perform such duties as are reasonably requested by the Board (including email or other instructions);

 

(ii)       the
Executive’s disregard of his duties or failure to act, where such action would be in the ordinary course of the Executive’s duties;

 

(iii)       the
failure by the Executive to observe Company policies and/or policies of an Affiliate which are generally applicable to executives
of the Company and/or its Affiliates;

 

(iv)       willful
misconduct by the Executive in the performance of his duties;

 

(v)       a
conviction of or a plea of guilty or nolo contendere by the Executive to a misdemeanor involving fraud, embezzlement, theft, other
financial dishonesty or moral turpitude, or to a felony that, in the reasonable good faith determination of the Board, would have
a material adverse effect on the business, operations or financial condition of the Company or any of its Affiliates;

 

(vi)       (A)
the material breach by the Executive of this Agreement (other than any breach by the Executive of the provisions of Section
5, Section 6 or Section 7 hereof), (B) any breach of the provisions of Section 5, Section 6 or Section
7 hereof or (C) any other agreement or contract with the Company, or any of its Affiliates,

 

(vii)       chronic
absenteeism for purposes hereof, “chronic absenteeism” shall be deemed to have occurred if Executive has at least ten
(10) absences unrelated to Disability or illness in any ten (10) week period); or

 

(viii)       the
Board’s reasonable determination that the Executive has engaged in a pattern of commissions of violations of state or federal law
relating to the workplace environment (including, without limitation, laws relating to sexual harassment or age, sex or other prohibited
discrimination); or

 

(ix)       the
Executive becomes the subject of any investigative proceedings by the SEC or any other governmental or regulatory authority and/or
is subject to any bars, bans or restrictions from participating in a public company, trading or in any manner conducting business
in any way relating to the business of the Company or its Affiliates.

 

    	 

    	 

    

 

The
Company shall not be entitled to terminate for Cause unless the Company provides written notice stating in reasonable detail the
basis for termination and a 30-day opportunity to cure to the Executive (unless: (w) the Company in good faith reasonably determines
that providing such opportunity to cure to the Executive is reasonably likely to have a material adverse effect on its business,
financial condition, results of operations, prospects or assets, (x) the facts and circumstances underlying such termination are
not able to be cured or (y) the Company has previously delivered a notice under the same clause of this Section 4(e); in any case,
the Company may terminate without providing an opportunity to cure upon a majority vote of the Board of Directors).

 

	Section 5.		Nondisclosure and Nonuse of Confidential
Information.

 

(a)       The
Executive shall not disclose or use at any time, either during the Employment Period or thereafter, any Confidential Information
(as defined below) of which the Executive is or becomes aware, whether or not such information is developed by him, except to the
extent that such disclosure or use is directly related to and required by the Executive’s performance in good faith of duties assigned
to the Executive by the Company or is required to be disclosed by law, court order, or similar compulsion; provided, however,
that such disclosure shall be limited to the extent so required or compelled; and provided, further, that the Executive
shall give the Company notice of such disclosure and cooperate with the Company in seeking suitable protection. The Executive shall
take all reasonably appropriate steps to safeguard Confidential Information and to protect it against disclosure, misuse, espionage,
loss and theft. The Executive shall deliver to the Company on the Termination Date, or at any time that the Company may request,
all memoranda, notes, plans, records, reports, computer tapes and software and other documents and data (and copies thereof regardless
of the form thereof (including electronic and optical copies)) relating to the Confidential Information or the Work Product (as
defined below) of the Business of the Company or any of its Affiliates which the Executive may then possess or have under his control.

 

(b)       As
used in this Agreement, the term “Confidential Information” means information that is not generally known to the
public and that is used, developed or obtained by the Company or any Affiliate in connection with its business, including, but
not limited to, information, observations and data obtained by the Executive while employed by the Company or any predecessors
thereof (including those obtained prior to the Closing Date) concerning (i) the business or affairs of the Company (or such predecessors),
(ii) fees, costs and pricing structures, (iii) designs, (iv) analyses, (v) drawings, photographs and reports, (vi) computer software,
including operating systems, applications and program listings, (vii) flow charts, manuals and documentation, (viii) data bases,
(ix) accounting and business methods, (x) inventions, devices, new developments, methods and processes, whether patentable or unpatentable
and whether or not reduced to practice, (xi) customers, clients and suppliers and customer, client and supplier lists, (xii) other
copyrightable works, (xiii) all production methods, processes, technology and trade secrets, (xiv) business strategies, acquisition
plans and candidates, financial or other performance data and personnel lists and data, and (xv) all similar and related information
in whatever form. Confidential Information shall not include any information that has been published in a form generally available
to the public prior to the date the Executive proposes to disclose or use such information. Confidential Information shall not
be deemed to have been published merely because individual portions of the information have been separately published, but only
if all material features comprising such information have been published in combination.

 

    	 

    	 

    

 

	Section 6.		Inventions and Patents.

 

(a)       As
a matter of record. Executive attaches hereto at Exhibit B, a complete list of Developments which have been made or conceived or
first reduced to practice by Executive alone or jointly with others prior to Executive’s employment as an Executive of the Company
that Executive desires to remove from the operation of this Agreement, and Executive hereby represents and covenants that such
list is complete. Executive understands that it is only necessary to list the title and purpose of such Developments but not the
details thereof.

 

(b)       The
Executive agrees that all inventions, innovations, improvements, technical information, systems, software developments, methods,
designs, analyses, drawings, reports, service marks, trademarks, trade names, logos and all similar or related information (whether
patentable or unpatentable) which relates to the Company’s or any of its Affiliates’ actual or anticipated business, research and
development or existing or future products or services and which are conceived, developed or made by the Executive (whether or
not during usual business hours or on the premises of the Company or any Affiliate and whether or not alone or in conjunction with
any other person) while employed by the Company (including those conceived, developed or made prior to the date of this Agreement)
together with all patent applications, letters patent, trademark, tradename and service mark applications or registrations, copyrights
and reissues thereof that may be granted for or upon any of the foregoing (collectively referred to herein as the “Work
Product”), belong in all instances to the Company or such Affiliate. The Executive shall promptly disclose such Work Product
to the Board and perform all actions reasonably requested by the Board (whether during or after the Employment Period) to establish
and confirm the Company’s ownership of such Work Product (including, without limitation, the execution and delivery of assignments,
consents, powers of attorney and other instruments) and to provide reasonable assistance to the Company or any of its Affiliates
in connection with the prosecution of any applications for patents, trademarks, trade names, service marks or reissues thereof
or in the prosecution or defense of interferences relating to any Work Product. If the Company is unable, after reasonable effort,
to secure the signature of the Executive on any such papers, any executive officer of the Company shall be entitled to execute
any such papers as the agent and the attorney-in-fact of the Executive, and the Executive hereby irrevocably designates and appoints
each executive officer of the Company as his or her agent and attorney-in-fact to execute any such papers on his or her behalf,
and to take any and all actions as the Company may deem necessary or desirable in order to protect its rights and interests in
any Work Product, under the conditions described in this sentence.

 

    	 

    	 

    

 

	Section 7.		Non-Solicitation.

 

(a)       The Executive acknowledges that, in the course of employment with the Company and/or its Affiliates and their predecessors, he
has become familiar, or will become familiar, with the Company’s and its Affiliates’ and their predecessors’ trade secrets and
with other confidential information concerning the Company, its Affiliates and their respective predecessors and that his services
have been and will be of special, unique and extraordinary value to the Company and its Affiliates. Therefore, in order to protect
the Company’s interest in both its Confidential Information, and the near permanent relationship that it has providing professional
services to its customers, the Executive agrees that, during the Employment Period and for One (1) year thereafter (the “Non-Solicit
Period”, subject to automatic extension during the period of a violation of this Section 7), he shall not directly
or indirectly through another person or entity:

 

(i)induce
or attempt to induce any employee of the Company or any Affiliate to leave the employ of the Company or such Affiliate, or in any
way interfere with the relationship between the Company or any such Affiliate, on the one hand, and any employee thereof, on the
other hand;

 

(ii)solicit
for hire or hire any person who was an employee of the Company or any Affiliate until Six (6) months after such individual’s employment
relationship with the Company or any Affiliate has been terminated, provided that the Executive may hire any such person (so long
as such person is not a manager or executive officer of the Company or any Affiliate) who responds to a general advertisement offering
employment;

 

(iii)solicit,
induce or attempt to solicit or induce any of the current or former customers of the Company and/or any Affiliate that were a customer
at any time during the period starting Six (6) months before the Employment Period and ending Six (6) months after termination
of this Agreement or (each, a “Customer,” and collectively, the “Customers”) to cease or reduce
doing business with the Company or such Affiliate, or in any way interfere or attempt to interfere with the relationship between
any such Customer, on the one hand, and the Company or any such Affiliate, on the other hand; or

 

(b)       The
Executive understands that the foregoing restrictions may limit his ability to earn a livelihood in a business similar to the business
of the Company and its Affiliates, but he nevertheless believes that he has received and will receive sufficient consideration
and other benefits as an employee of the Company and as otherwise provided hereunder or as described in the recitals hereto to
clearly justify such restrictions which, in any event (given his education, skills and ability), the Executive does not believe
would prevent him from otherwise earning a living. The Executive further understands that the provisions of Sections 5 through
7 are reasonable and necessary to preserve the legitimate business interests of the Company and Affiliates.

 

(c)       The
Executive shall inform any prospective or future employer of any and all restrictions contained in this Agreement and provide such
employer with a copy of such restrictions (but no other terms of this Agreement), prior to the commencement of that employment.

 

(d)       The
Executive agrees that the restrictions are reasonable and necessary, are valid and enforceable under California law, and do
not impose a greater restraint than necessary to protect the Company’s legitimate business interests. If, at the time
of enforcement of Sections 5 through 7, a court holds that the restrictions stated herein are unreasonable under the
circumstances then existing, the Executive and the Company agree that the maximum period, scope or geographical area
reasonable under such circumstances shall be substituted for the stated period, scope or area so as to protect the Company to
the greatest extent possible under applicable law.

 

    	 

    	 

    

 

	Section 8.		Insurance.

 

The
Company, for their own benefit or for the benefit of their financing sources, may maintain “keyman” life, officer and
director, and disability insurance policies covering the Executive. The Executive shall cooperate with the Company and/or Holding
and provide such information or other assistance as the Company and/or Holding reasonably may request in connection with obtaining
and maintaining such policies.

 

	Section 9.		Severance Payments.

 

In
addition to the foregoing, and not in any way in limitation thereof, or in limitation of any right or remedy otherwise available
to the Company, if the Executive violates any provision of the foregoing Section 5, Section 6 or Section 7.
any severance payments then or thereafter due from the Company to the Executive pursuant to Section 4(b) shall be terminated
forthwith and the Company’s obligation to pay and the Executive’s right to receive such severance payments shall terminate and
be of no further force or effect, if and when determined by a court of competent jurisdiction, in each case without limiting or
affecting the Executive’s obligations (or terminating the Non-Solicit Period) under such Section 5, Section 6 and Section
7. or the Company’s other rights and remedies available at law or equity.

 

	Section 10.		Representations
                                                                                                                                          and
                                                                                                                                          Warranties
                                                                                                                                          of
                                                                                                                                          the
                                                                                                                                          Executive.

 

The
Executive hereby represents and warrants to the Company that (a) the execution, delivery and performance of this Agreement by the
Executive does not and shall not conflict with, breach, violate or cause a default under any agreement, contract or instrument
to which the Executive is a party or any judgment, order or decree to which the Executive is subject, (b) the Executive is not
a party to or bound by any employment agreement, consulting agreement, noncompete agreement, confidentiality agreement or similar
agreement with any other person or entity and (c) upon the execution and delivery of this Agreement by the Company and the Executive,
this Agreement will be a valid and binding obligation of the Executive, enforceable in accordance with its terms. The Executive
further represents and warrants that he has not disclosed, revealed or transferred to any third party any of the Confidential Information
that he may have obtained during the Prior Employment Relationship and that he has safeguarded and maintained the secrecy of the
Confidentiality Information to which he has had access or of which he has knowledge. In addition, the Executive represents and
warrants that he has no ownership in nor any right to nor title in any of the Confidential Information and the Work Product.

 

	Section 11.		Notices.

 

All
notices, requests, demands, claims, and other communications hereunder shall be in writing. Any notice, request, demand, claim
or other communication hereunder shall be deemed duly given when delivered personally to the recipient, facsimile to the intended
recipient at the telecopy number set forth therefore below, provided that a copy is sent by a nationally recognized overnight delivery
service (receipt requested), or one (1) business day after deposit with a nationally recognized overnight delivery service (receipt
requested), in each case as follows:

 

If
to the Company, to:

WOWIO
Inc., d.b.a. Studio W

Address:

Telephone:

Facsimile:

Attention:

E-mail:

 

    	 

    	 

    

 

with
a copy to:

 

Legal
Representative: Brinen & Associates

Address:
7 Dey Street, Suite 1503

New
York, New York

Telephone:
212-330-8151

Facsimile:
212-227-0201

Attention:
Joshua Brinen

E-mail:
jbrinen@brinenlaw.com

 

If
to the Executive, to the address set forth on the signature page hereto.

 

or
such other address as the recipient party to whom notice is to be given may have furnished to the other party in writing in accordance
herewith. Any such communication shall deemed to have been delivered and received (a) when delivered, if personally delivered,
sent by facsimile or sent by overnight courier, and (b) on the Fifth (5th) business day following the date posted, if
sent by mail. Instructions or notices of the type described in Section 4(e) may be sent by email to the Executive.

 

	Section 12.		General Provisions.

 

(a)       Severability.
It is the desire and intent of the parties hereto that the provisions of this Agreement be enforced to the fullest extent permissible
under the laws and public policies applied in each jurisdiction in which enforcement is sought. Accordingly, if any particular
provision of this Agreement shall be adjudicated by a court of competent jurisdiction to be invalid, prohibited or unenforceable
for any reason, such provision, as to such jurisdiction, shall be ineffective, without invalidating the remaining provisions of
this Agreement or affecting the validity or enforceability of this Agreement or affecting the validity or enforceability of such
provision in any other jurisdiction. Notwithstanding the foregoing, if such provision could be more narrowly drawn so as not to
be invalid, prohibited or unenforceable in such jurisdiction, it shall, as to such jurisdiction, be so narrowly drawn, without
invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other
jurisdiction.

 

(b)       Complete
Agreement. This Agreement constitutes the entire agreement among the parties and supersedes any prior correspondence or documents
evidencing negotiations between the parties, whether written or oral, and any and all understandings, agreements or representations
by or among the parties, whether written or oral, that may have related in any way to the subject matter of this Agreement.

 

    	 

    	 

    

 

(c)       Construction.
The Executive and the Company have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity
or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Executive and the
Company and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any
of the provisions of this Agreement. Any reference to any federal, state, local, or foreign statute or law shall be deemed also
to refer to all rules and regulations promulgated thereunder, unless the context requires otherwise. The word including shall mean
“including without limitation.”

 

(d)       Successors
and Assigns. Except as otherwise provided herein, this Agreement shall bind and inure to the benefit of and be enforceable
by the Executive and the Company and their respective successors, assigns, heirs, representatives and estate; provided,
however, that the rights and obligations of the Executive under this Agreement shall not be assigned without the prior written
consent of the Company in its sole discretion. The Company may (i) assign any or all of its respective rights and interests hereunder
to one or more of its Affiliates, (ii) designate one or more of its Affiliates to perform its respective obligations hereunder
(in any or all of which cases the Company nonetheless shall remain responsible for the performance of all of their obligations
hereunder), (iii) collaterally assign any or all of its respective rights and interests hereunder to one or more lenders of the
Company or its Affiliates, (iv) assign its respective rights hereunder in connection with the sale of all or substantially all
of its business or assets (whether by merger, sale of stock or assets, recapitalization or otherwise) and (v) merge any of the
Affiliates with or into the Company (or vice versa). The rights of the Company hereunder are enforceable by its Affiliates, who
are the intended third party beneficiaries hereof.

 

(e)       Governing
Law. THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE DOMESTIC LAWS OF THE STATE OF CALIFORNIA WITHOUT
GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICTING PROVISION OR RULE (WHETHER OF THE STATE OF TEXAS OR ANY OTHER JURISDICTION),
THAT WOULD CAUSE THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF CALIFORNIA TO BE APPLIED.

 

(f)       Jurisdiction
and Venue.

 

(i)       The Company and the Executive hereby irrevocably and unconditionally submit, for themselves and their property, to the non-exclusive
jurisdiction of any California State court located in Los Angeles County or federal court of the United States of America sitting
in the State of California and any appellate court from any thereof, in any action or proceeding arising out of or relating to
this Agreement or for recognition or enforcement of any judgment, and the Company and the Executive hereby irrevocably and unconditionally
agree that all claims in respect of any such action or proceeding may be heard and determined in any such California State court
or, to the extent permitted by law, in such federal court. The Company and the Executive irrevocably waive, to the fullest extent
permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. The Company
and the Executive agree that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law.

 

    	 

    	 

    

 

(ii)       The
Company and the Executive irrevocably and unconditionally waive, to the fullest extent they may legally and effectively do so,
any objection that they may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating
to this Agreement in any California State court or federal court of the United States of America sitting in the State of California
and any appellate court from any thereof.

 

(iii)       Notwithstanding
clauses (i)-(ii), the parties intend to and hereby confer jurisdiction to enforce the covenants contained in Section 6 upon
the courts of any jurisdiction within the geographical scope of such covenants. If the courts of any one or more of such jurisdictions
hold such covenants wholly or partially invalid or unenforceable by reason of the breadth of such scope or otherwise, it is the
intention of the parties that such determination not bar or in any way affect the Company’s right to the relief provided above
in the courts of any other jurisdiction within the geographical scope of such covenants, as to breaches of such covenants in such
other respective jurisdictions, such covenants as they relate to each jurisdiction being, for this purpose, severable into diverse
and independent covenants.

 

(iv)       The
parties further agree that the mailing by certified or registered mail, return receipt requested to both (x) the other party and
(y) counsel for the other party (or such substitute counsel as such party may have given written notice of prior to the date of
such mailing), of any process required by any such court shall constitute valid and lawful service of process against them, without
the necessity for service by any other means provided by law. Notwithstanding the foregoing, if and to the extent that a court
holds such means to be unenforceable, each of the parties’ respective counsel (as referred to above) shall be deemed to have been
designated agent for service of process on behalf of its respective client, and any service upon such respective counsel effected
in a manner which is permitted by California law shall constitute valid and lawful service of process against the applicable party.

 

(g)       Amendment
and Waiver. The provisions of this Agreement may be amended and waived only with the prior written consent of the Company,
the Executive and Holding, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall affect
the validity, binding effect or enforceability of this Agreement or any provision hereof.

 

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

 

(i)       Counterparts.
This Agreement may be executed in Two (2) or more counterparts, each of which shall be deemed an original and all of which together
shall constitute one and the same instrument.

 

[SIGNATURE
PAGE TO FOLLOW]

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Employment Agreement as of the date first written above.

 

	 	THE
    COMPANY: WOWIO,     Inc., Inc., d.b.a Studio W
	 	 
	 	By:	/s/
    Brian Altounian 
	 	 	Brian R.
    Altounian 
	 	Title: 
	CEO & PRESIDENT
	 	 	 
	 	EXECUTIVE: Jacob Morris
	 	 
	 	By:	 
	 	Address:	 165
    N, Almont Drive, # 302
	 	 	Beverly
    Hills, CA 90211
	 	Telephone:	310-497-8308
	 	Email:	jmorris@wowio.com

 

    	 

    	 

    
 

Appendix
1

 

Specific
Responsibilities, Tasks and Duties of the Executive

 

	●		Oversees
all operational and administrative functions

 

	●		Oversee
business policies and accounting practices

 

	●		Content
development for the various web properties

 

	●		Produce
and production supervision for all web content

 

	●		Develop
strategies for generating ad revenue across all properties

 

	●		Develop
strategies for creating revenue streams with I.P.

 

	●		Give
suggestions and advise management for making key changes in planning of various issues and business decisions.

 

	●		Plan
the activities of various departments and discuss it with heads of every department.

 

	●		Keep
an eye on the quality control of various activities.

 

	●		Ensure
all works and activities comply with legal methods, general duty care and management.

 

	●		Act
as mediator for conflict resolution among various departments.

 

	●		Set
and assign operational goal? for departments

 

	●		Demonstrate
competence in handling team building activities and motivating the teams to give quality performance.

 

    	 

    	 

    

 

Exhibit
A

 

Producer
Fee Pool Bonus

 

    	 

    	 

    

 

Exhibit
B

 

Executive’s
Developments

 

Owns
auctionhero.com and auctionheroes.com

 

Developed
a concept to run an exclusive auction website only for comic books and comic book related materials.EMPLOYMENT
AGREEMENT

 

THIS
EMPLOYMENT AGREEMENT dated as of 3/29/12 (the “Agreement”), between WOWIO, Inc., d.b.a.
Studio W (the “Company”), and Linda Engelsiepen (the “Executive”).

 

WHEREAS,
effective as of the execution date hereof, this Agreement shall supersede and replace any prior employment arrangement and/or
agreement (the “Prior Employment Relationship”) that the Executive has or had with the Company. The Executive
has been employed with the Company since November 1, 2011;

 

WHEREAS,
for the purposes of this Agreement, the term “Company” includes all subsidiaries, affiliates, successors and assigns
of WOWIO, Inc., d.b.a. Studio W; and

 

NOW,
THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

Section
1. Employment.

 

The
Company shall employ the Executive, and the Executive accepts employment with the Company, upon the terms and conditions set forth
in this Agreement for the period beginning on the execution date and ending as provided in Section 4 (the “Employment
Period”).

 

Section
2. Position and Duties.

 

(a)
During the Employment Period, the Executive shall serve as the Vice President of Content Development, a director and the Secretary
of the Board of Directors of the Company and each of its subsidiaries unless otherwise set forth in corporate documents, employment
agreements with other employees or public filings, and shall have the usual and customary duties, responsibilities and authority
of a Vice President, Secretary of the Board and a director subject to the power of the Board of Directors of the Company (the
“Board”) (i) to reasonably expand or limit such duties, responsibilities and authority and (ii) to override
the actions of the Executive. The Executive shall, if so requested by the Company, also serve with or without additional compensation,
as an officer, director or manager of entities from time to time directly or indirectly owned or controlled by the Company (each
an “Affiliate,” or collectively, the “Affiliates”).

 

(b)The
Executive shall report to the Board and shall devote his best efforts and substantially all of his active business time and attention
(except for permitted vacation periods and reasonable periods of illness or other incapacity) to the business and affairs of the
Company and its Affiliates. The Executive shall perform his duties and responsibilities to the best of his abilities in a diligent
and professional manner.

 

(c)In
addition to any responsibilities, tasks or duties set forth herein, specific responsibilities, tasks and duties are set forth
on Appendix 1 attached hereto.

 

    	 

    	 

    

  

(d)
The foregoing restrictions shall not limit or prohibit the Executive from engaging in passive investment, inactive business ventures
and community, charitable and social activities not interfering with the Executive’s performance and obligations hereunder.

 

Section
3. Base Salary and Benefits.

 

(a)During
the Employment Period, the Executive’s base salary shall be One Hundred Thousand Dollars ($100,000.00) per annum (the “Base
Salary”), such Base Salary shall be payable in regular installments in accordance with the Company’s general payroll
practices and subject to withholding and other payroll taxes. The Base Salary shall be reviewed by the Board on an annual basis,
in order to implement any cost of living adjustments that it deems appropriate. In addition, during the Employment Period, the
Executive shall be entitled to participate in all employee benefit programs from time to time for which senior executive employees
of the Company and its Affiliates are generally eligible. The Executive shall be eligible to participate in all insurance plans
available generally from time to time to executives of the Company, their families and its Affiliates.

 

(i)
Salary Increases.

 

(A)
If the Company obtains financing of more than Two Million Five Hundred Thousand Dollars ($2,500,00.00) then the Base Salary shall
be increased to One Hundred Twenty-Five Thousand Dollars ($125,000.00).

 

(b)Bonuses.

 

(i)
Signing Bonus. Executive shall receive Five Million (5,000,000) shares of the Company’s common stock and Eight Hundred
Fifty Thousand (850,000) shares of series A preferred stock upon execution of the Employment Agreement.

 

(ii)
Company Performance Bonus. Each year during the Employment Period, in addition to the Base Salary, the Executive shall
be eligible to earn a Company Performance Bonus (an “Annual Bonus”) equal to Ten Percent (10%) of the Executive’s
Base Salary at the end of each calendar year. The Annual Bonus will only be payable if the aggregate amount of the Annual Bonuses
to be paid to all executives does not exceed Twenty-Five Percent (25%) of the Company’s net profits for such calendar year.
The Executive shall only be eligible to receive an Annual Bonus if he remains continuously employed by the Company through December
31 of the year in which the Annual Bonus was earned. Any Annual Bonus payable pursuant to this Section 3(b)(ii) shall be paid
to the Executive in a single cash payment. The Company will make the Annual Bonus payment by March 15lh of the year
following the year in which the bonus was earned, unless otherwise agreed by the Company and the Executive.

 

(iii)
Producer Fee Pool Bonus. Executive will participate in any “Producer Fee Pool” of any Company-owned property
becoming a feature film or television series as to be determined and set forth on Exhibit A. The Executive shall only be
eligible to receive a Producer Fee Pool Bonus if he remains continuously employed by the Company through December 31 of the year
in which the Producer Fee Pool Bonus was earned.

 

(iv)
Merit Bonus. The Executive is eligible to receive Merit Bonuses pursuant to the terms set forth on Exhibit B. The
terms of the Merit Bonuses are determined and may be revised by the Board of Directors.

 

    	2

    	 

    

  

(c)During
the Employment Period, the Company shall reimburse the Executive for all reasonable expenses incurred by him in the course of
performing his duties under this Agreement which are consistent with the Company’s and its Affiliates’ policies as
such policies may be established and amended from time to time with respect to travel, entertainment and other business expenses,
subject in all instances to the Company’s requirements with respect to reporting and documentation of such expenses.

 

(d)During
the Employment Period, the Executive shall be entitled to Three (3) weeks paid vacation during each 12-month period worked, commencing
on the Closing Date. Vacation days that remain unused at the end of a calendar year may not be carried over into the next calendar
year. Executive will not schedule or take vacation during the Two (2) week period surrounding the date in which a Securities and
Exchange Commission (“SEC”) periodic filing is due.

 

Section
4. Term.

 

(a)The
Employment Period shall commence on the execution date and shall end on the Second (2nd) anniversary of such date.
The Agreement shall automatically renew for subsequent Two (2) year periods; provided, however, that (i) the Employment Period
shall terminate prior to such date upon the Executive’s resignation, death or Disability (as defined in the following sentence),
at any time prior to such date, and (ii) the Employment Period may be terminated by the Company at any time prior to such date
for Cause (as defined below) or without Cause. For purposes of this Agreement “Disability” shall mean “disability”
or “permanent disability” as set forth in the long-term disability plan of the Company, or if no such plan is in effect,
it shall mean any long-term disability or incapacity which (x) renders the Executive unable to substantially perform his duties
hereunder for One Hundred Twenty (120) days during any 12-month period or (y) is predicted to render the Executive unable to substantially
perform his duties for One Hundred Twenty (120) days during any 12-month period based, in the case of this clause (y) only, upon
the opinion of a physician mutually agreed upon by the Company and the Executive, in each case as determined by the Board (excluding
the Executive if he should be a member of the Board at the time of such determination) in its good faith judgment; provided, however,
that no action shall be taken hereunder that precludes Executive from making a claim under any separate long-term disability policy
maintained by the Company. The last day on which Executive is employed by the Company, whether separation is voluntary or involuntary
and is with or without Cause or by reason of Executive’s resignation, is referred to as the “Termination Date.”

 

(b)If
the Employment Period is terminated by the Company without Cause, then the Executive shall be entitled to receive his Base Salary
for the period beginning on the Termination Date and ending on the Six (6) month anniversary of the Termination Date, unless the
Executive has breached the provisions of this Agreement, in which case the provisions of Section 9 shall apply. Such payments
of the Base Salary as severance shall be made periodically in the same amounts and at the same intervals as if the Employment
Period had not ended and the Base Salary otherwise continued to be paid; provided, however, that no payments shall
be made to the Executive under this Section 4(b) prior to Six (6) months after the Termination Date if such payment would
result in adverse tax consequences to the Executive under Section 409A of the Internal Revenue Code of 1986, as amended or replaced
and as in effect from time to time (the “Code”).

 

    	3

    	 

    

  

(c)If
the Employment Period is terminated by the Company for Cause, or by reason of the Executive’s resignation, death or Disability,
the Executive shall be entitled to receive his Base Salary and any unpaid bonuses which he had earned in the previous year, only
to the extent such amount has accrued through the Termination Date.

 

(d)Except
as otherwise required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary,
severance, fringe benefits and bonuses hereunder (if any) accruing after the Termination Date shall cease upon the Termination
Date. If the Executive is terminated by the Company without Cause, the sole compensation of the Executive and/or his successors,
assigns, heirs, representatives and estate shall be to receive the severance payments described in Section 4(b). If the
Executive is terminated by the Company for Cause, or if the Employment Period is terminated by reason of the Executive’s
resignation, death or Disability, the sole remedy of the Executive and/or his successors, assigns, heirs, representatives and
estate shall be to receive the payment (if any) described in Section 4(c).

 

(e)
For purposes of this Agreement, ”Cause” means:

 

(i)
the failure by the Executive to perform such duties as are reasonably requested by the Board (including email or other instructions);

 

(ii)
the Executive’s disregard of his duties or failure to act, where such action would be in the ordinary course of the Executive’s
duties;

 

(iii)
the failure by the Executive to observe Company policies and/or policies of an Affiliate which are generally applicable to executives
of the Company and/or its Affiliates;

 

(iv)
willful misconduct by the Executive in the performance of his duties;

 

(v)
a conviction of or a plea of guilty or nolo contendere by the Executive to a misdemeanor involving fraud, embezzlement, theft,
other financial dishonesty or moral turpitude, or to a felony that, in the reasonable good faith determination of the Board, would
have a material adverse effect on the business, operations or financial condition of the Company or any of its Affiliates;

 

(vi)
(A) the material breach by the Executive of this Agreement (other than any breach by the Executive of the provisions of Section
5, Section 6 or Section 7 hereof), (B) any breach of the provisions of Section 5, Section 6 or
Section 7 hereof or (C) any other agreement or contract with the Company, or any of its Affiliates,

 

(vii)
chronic absenteeism for purposes hereof, “chronic absenteeism” shall be deemed to have occurred if Executive has at
least ten (10) absences unrelated to Disability or illness in any ten (10) week period); or

 

(viii)
the Board’s reasonable determination that the Executive has engaged in a pattern of commissions of violations of state or
federal law relating to the workplace environment (including, without limitation, laws relating to sexual harassment or age, sex
or other prohibited discrimination); or

 

    	4

    	 

    

  

(ix)
the Executive becomes the subject of any investigative proceedings by the SEC or any other governmental or regulatory authority
and/or is subject to any bars, bans or restrictions from participating in a public company, trading or in any manner conducting
business in any way relating to the business of the Company or its Affiliates.

 

The
Company shall not be entitled to terminate for Cause unless the Company provides written notice stating in reasonable detail the
basis for termination and a 30-day opportunity to cure to the Executive (unless: (w) the Company in good faith reasonably determines
that providing such opportunity to cure to the Executive is reasonably likely to have a material adverse effect on its business,
financial condition, results of operations, prospects or assets, (x) the facts and circumstances underlying such termination are
not able to be cured or (y) the Company has previously delivered a notice under the same clause of this Section 4(e); in any case,
the Company may terminate without providing an opportunity to cure upon a majority vote of the Board of Directors).

 

Section
5. Nondisclosure and Nonuse of Confidential Information.

 

(a)The
Executive shall not disclose or use at any time, either during the Employment Period or thereafter, any Confidential Information
(as defined below) of which the Executive is or becomes aware, whether or not such information is developed by him, except to
the extent that such disclosure or use is directly related to and required by the Executive’s performance in good faith
of duties assigned to the Executive by the Company or is required to be disclosed by law, court order, or similar compulsion;
provided, however, that such disclosure shall be limited to the extent so required or compelled; and provided,
further, that the Executive shall give the Company notice of such disclosure and cooperate with the Company in seeking
suitable protection. The Executive shall take all reasonably appropriate steps to safeguard Confidential Information and to protect
it against disclosure, misuse, espionage, loss and theft. The Executive shall deliver to the Company on the Termination Date,
or at any time that the Company may request, all memoranda, notes, plans, records, reports, computer tapes and software and other
documents and data (and copies thereof regardless of the form thereof (including electronic and optical copies)) relating to the
Confidential Information or the Work Product (as defined below) of the Business of the Company or any of its Affiliates which
the Executive may then possess or have under his control.

 

(b)As
used in this Agreement, the term “Confidential Information” means information that is not generally known to
the public and that is used, developed or obtained by the Company or any Affiliate in connection with its business, including,
but not limited to, information, observations and data obtained by the Executive while employed by the Company or any predecessors
thereof (including those obtained prior to the Closing Date) concerning (i) the business or affairs of the Company (or such predecessors),
(ii) fees, costs and pricing structures, (iii) designs, (iv) analyses, (v) drawings, photographs and reports, (vi) computer software,
including operating systems, applications and program listings, (vii) flow charts, manuals and documentation, (viii) data bases,
(ix) accounting and business methods, (x) inventions, devices, new developments, methods and processes, whether patentable or
unpatentable and whether or not reduced to practice, (xi) customers, clients and suppliers and customer, client and supplier lists,
(xii) other copyrightable works, (xiii) all production methods, processes, technology and trade secrets, (xiv) business strategies,
acquisition plans and candidates, financial or other performance data and personnel lists and data, and (xv) all similar and related
information in whatever form. Confidential Information shall not include any information that has been published in a form generally
available to the public prior to the date the Executive proposes to disclose or use such information. Confidential Information
shall not be deemed to have been published merely because individual portions of the information have been separately published,
but only if all material features comprising such information have been published in combination.

 

    	5

    	 

    

 

 

Section
6. Inventions and Patents.

 

(a)As
a matter of record, Executive attaches hereto at Exhibit C, a complete list of Developments which have been made or conceived
or first reduced to practice by Executive alone or jointly with others prior to Executive’s employment as an Executive of
the Company that Executive desires to remove from the operation of this Agreement, and Executive hereby represents and covenants
that such list is complete. Executive understands that it is only necessary to list the title and purpose of such Developments
but not the details thereof.

 

(b)The
Executive agrees that all inventions, innovations, improvements, technical information, systems, software developments, methods,
designs, analyses, drawings, reports, service marks, trademarks, trade names, logos and all similar or related information (whether
patentable or unpatentable) which relates to the Company’s or any of its Affiliates’ actual or anticipated business,
research and development or existing or future products or services and which are conceived, developed or made by the Executive
(whether or not during usual business hours or on the premises of the Company or any Affiliate and whether or not alone or in
conjunction with any other person) while employed by the Company (including those conceived, developed or made prior to the date
of this Agreement) together with all patent applications, letters patent, trademark, tradename and service mark applications or
registrations, copyrights and reissues thereof that may be granted for or upon any of the foregoing (collectively referred to
herein as the “Work Product”), belong in all instances to the Company or such Affiliate. The Executive shall
promptly disclose such Work Product to the Board and perform all actions reasonably requested by the Board (whether during or
after the Employment Period) to establish and confirm the Company’s ownership of such Work Product (including, without limitation,
the execution and delivery of assignments, consents, powers of attorney and other instruments) and to provide reasonable assistance
to the Company or any of its Affiliates in connection with the prosecution of any applications for patents, trademarks, trade
names, service marks or reissues thereof or in the prosecution or defense of interferences relating to any Work Product. If the
Company is unable, after reasonable effort, to secure the signature of the Executive on any such papers, any executive officer
of the Company shall be entitled to execute any such papers as the agent and the attorney-in-fact of the Executive, and the Executive
hereby irrevocably designates and appoints each executive officer of the Company as his or her agent and attorney-in-fact to execute
any such papers on his or her behalf, and to take any and all actions as the Company may deem necessary or desirable in order
to protect its rights and interests in any Work Product, under the conditions described in this sentence.

 

    	6

    	 

    

  

Section
7. Non-Solicitation.

 

(a)
The Executive acknowledges that, in the course of employment with the Company and/or its Affiliates and their predecessors, he
has become familiar, or will become familiar, with the Company’s and its Affiliates’ and their predecessors’
trade secrets and with other confidential information concerning the Company, its Affiliates and their respective predecessors
and that his services have been and will be of special, unique and extraordinary value to the Company and its Affiliates. Therefore,
in order to protect the Company’s interest in both its Confidential Information, and the near permanent relationship that
it has providing professional services to its customers, the Executive agrees that, during the Employment Period and for One (1)
year thereafter (the “Non-Solicit Period”, subject to automatic extension during the period of a violation
of this Section 7), he shall not directly or indirectly through another person or entity:

 

(i)
induce or attempt to induce any employee of the Company or any Affiliate to leave the employ of the Company or such Affiliate,
or in any way interfere with the relationship between the Company or any such Affiliate, on the one hand, and any employee thereof,
on the other hand;

 

(ii)
solicit for hire or hire any person who was an employee of the Company or any Affiliate until Six (6) months after such individual’s
employment relationship with the Company or any Affiliate has been terminated, provided that the Executive may hire any such person
(so long as such person is not a manager or executive officer of the Company or any Affiliate) who responds to a general advertisement
offering employment;

 

(iii)
solicit, induce or attempt to solicit or induce any of the current or former customers of the Company and/or any Affiliate that
were a customer at any time during the period starting Six (6) months before the Employment Period and ending Six (6) months after
termination of this Agreement or (each, a “Customer,” and collectively, the “Customers”)
to cease or reduce doing business with the Company or such Affiliate, or in any way interfere or attempt to interfere with the
relationship between any such Customer, on the one hand, and the Company or any such Affiliate, on the other hand; or

 

(b)The
Executive understands that the foregoing restrictions may limit his ability to earn a livelihood in a business similar to the
business of the Company and its Affiliates, but he nevertheless believes that he has received and will receive sufficient consideration
and other benefits as an employee of the Company and as otherwise provided hereunder or as described in the recitals hereto to
clearly justify such restrictions which, in any event (given his education, skills and ability), the Executive does not believe
would prevent him from otherwise earning a living. The Executive further understands that the provisions of Sections 5 through
7 are reasonable and necessary to preserve the legitimate business interests of the Company and Affiliates.

 

(c)The
Executive shall inform any prospective or future employer of any and all restrictions contained in this Agreement and provide
such employer with a copy of such restrictions (but no other terms of this Agreement), prior to the commencement of that employment.

 

    	7

    	 

    

  

(d)The
Executive agrees that the restrictions are reasonable and necessary, are valid and enforceable under California law, and do not
impose a greater restraint than necessary to protect the Company’s legitimate business interests. If, at the time of enforcement
of Sections 5 through 7, a court holds that the restrictions stated herein are unreasonable under the circumstances then
existing, the Executive and the Company agree that the maximum period, scope or geographical area reasonable under such circumstances
shall be substituted for the stated period, scope or area so as to protect the Company to the greatest extent possible under applicable
law.

 

Section
8. Insurance.

 

The
Company, for their own benefit or for the benefit of their financing sources, may maintain “keyman” life, officer
and director, and disability insurance policies covering the Executive. The Executive shall cooperate with the Company and/or
Holding and provide such information or other assistance as the Company and/or Holding reasonably may request in connection with
obtaining and maintaining such policies.

 

Section
9. Severance Payments.

 

In
addition to the foregoing, and not in any way in limitation thereof, or in limitation of any right or remedy otherwise available
to the Company, if the Executive violates any provision of the foregoing Section 5, Section 6 or Section 7,
any severance payments then or thereafter due from the Company to the Executive pursuant to Section 4(b) shall be terminated
forthwith and the Company’s obligation to pay and the Executive’s right to receive such severance payments shall terminate
and be of no further force or effect, if and when determined by a court of competent jurisdiction, in each case without limiting
or affecting the Executive’s obligations (or terminating the Non-Solicit Period) under such Section 5, Section
6 and Section 7, or the Company’s other rights and remedies available at law or equity.

 

Section
10. Representations and Warranties of the Executive.

 

The
Executive hereby represents and warrants to the Company that (a) the execution, delivery and performance of this Agreement by
the Executive does not and shall not conflict with, breach, violate or cause a default under any agreement, contract or instrument
to which the Executive is a party or any judgment, order or decree to which the Executive is subject, (b) the Executive is not
a party to or bound by any employment agreement, consulting agreement, non-compete agreement, confidentiality agreement or similar
agreement with any other person or entity and (c) upon the execution and delivery of this Agreement by the Company and the Executive,
this Agreement will be a valid and binding obligation of the Executive, enforceable in accordance with its terms. The Executive
further represents and warrants that he has not disclosed, revealed or transferred to any third party any of the Confidential
Information that he may have obtained during the Prior Employment Relationship and that he has safeguarded and maintained the
secrecy of the Confidentiality Information to which he has had access or of which he has knowledge. In addition, the Executive
represents and warrants that he has no ownership in nor any right to nor title in any of the Confidential Information and the
Work Product.

 

    	8

    	 

    

  

Section
11. Notices.

 

All
notices, requests, demands, claims, and other communications hereunder shall be in writing. Any notice, request, demand, claim
or other communication hereunder shall be deemed duly given when delivered personally to the recipient, facsimile to the intended
recipient at the telecopy number set forth therefore below, provided that a copy is sent by a nationally recognized overnight
delivery service (receipt requested), or one (1) business day after deposit with a nationally recognized overnight delivery service
(receipt requested), in each case as follows:

 

If
to the Company, to:

 

WOWIO
Inc., d.b.a. Studio W

Address:

Telephone:

Facsimile:

Attention:

E-mail:

 

with
a copy to:

 

Legal
Representative: Brinen & Associates

Address:
7 Dey Street, Suite 1503

New
York, New York

Telephone:
212-330-8151

Facsimile:
212-227-0201

Attention:
Joshua Brinen

E-mail:
jbrinen@brinenlaw.com

 

If
to the Executive, to the address set forth on the signature page hereto.

 

or
such other address as the recipient party to whom notice is to be given may have furnished to the other party in writing in accordance
herewith. Any such communication shall deemed to have been delivered and received (a) when delivered, if personally delivered,
sent by facsimile or sent by overnight courier, and (b) on the Fifth (5th) business day following the date posted,
if sent by mail. Instructions or notices of the type described in Section 4(e) may be sent by email to the Executive.

 

Section
12. General Provisions.

 

(a)Severability.
It is the desire and intent of the parties hereto that the provisions of this Agreement be enforced to the fullest extent permissible
under the laws and public policies applied in each jurisdiction in which enforcement is sought. Accordingly, if any particular
provision of this Agreement shall be adjudicated by a court of competent jurisdiction to be invalid, prohibited or unenforceable
for any reason, such provision, as to such jurisdiction, shall be ineffective, without invalidating the remaining provisions of
this Agreement or affecting the validity or enforceability of this Agreement or affecting the validity or enforceability of such
provision in any other jurisdiction. Notwithstanding the foregoing, if such provision could be more narrowly drawn so as not to
be invalid, prohibited or unenforceable in such jurisdiction, it shall, as to such jurisdiction, be so narrowly drawn, without
invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other
jurisdiction.

 

    	9

    	 

    

  

(b)Complete
Agreement. This Agreement constitutes the entire agreement among the parties and supersedes any prior correspondence or documents
evidencing negotiations between the parties, whether written or oral, and any and all understandings, agreements or representations
by or among the parties, whether written or oral, that may have related in any way to the subject matter of this Agreement.

 

(c)Construction.
The Executive and the Company have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity
or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Executive and the
Company and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any
of the provisions of this Agreement. Any reference to any federal, state, local, or foreign statute or law shall be deemed also
to refer to all rules and regulations promulgated thereunder, unless the context requires otherwise. The word including shall
mean “including without limitation.”

 

(d)Successors
and Assigns. Except as otherwise provided herein, this Agreement shall bind and inure to the benefit of and be enforceable
by the Executive and the Company and their respective successors, assigns, heirs, representatives and estate; provided,
however, that the rights and obligations of the Executive under this Agreement shall not be assigned without the prior
written consent of the Company in its sole discretion. The Company may (i) assign any or all of its respective rights and interests
hereunder to one or more of its Affiliates, (ii) designate one or more of its Affiliates to perform its respective obligations
hereunder (in any or all of which cases the Company nonetheless shall remain responsible for the performance of all of their obligations
hereunder), (iii) collaterally assign any or all of its respective rights and interests hereunder to one or more lenders of the
Company or its Affiliates, (iv) assign its respective rights hereunder in connection with the sale of all or substantially all
of its business or assets (whether by merger, sale of stock or assets, recapitalization or otherwise) and (v) merge any of the
Affiliates with or into the Company (or vice versa). The rights of the Company hereunder are enforceable by its Affiliates, who
are the intended third party beneficiaries hereof.

 

(e)Governing
Law. THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE DOMESTIC LAWS OF THE STATE OF CALIFORNIA WITHOUT
GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICTING PROVISION OR RULE (WHETHER OF THE STATE OF TEXAS OR ANY OTHER JURISDICTION),
THAT WOULD CAUSE THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF CALIFORNIA TO BE APPLIED.

 

(f)
Jurisdiction and Venue.

 

(i)The
Company and the Executive hereby irrevocably and unconditionally submit, for themselves and their property, to the
non-exclusive jurisdiction of any California State court located in Los Angeles County or federal court of the United States
of America sitting in the State of California and any appellate court from any thereof, in any action or proceeding arising
out of or relating to this Agreement or for recognition or enforcement of any judgment, and the Company and the Executive
hereby irrevocably and unconditionally agree that all claims in respect of any such action or proceeding may be heard and
determined in any such California State court or, to the extent permitted by law, in such federal court. The Company and the
Executive irrevocably waive, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance
of such action or proceeding in any such court. The Company and the Executive agree that a final judgment in any such action
or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner
provided by law.

 

    	10

    	 

    

  

(ii)
The Company and the Executive irrevocably and unconditionally waive, to the fullest extent they may legally and effectively do
so, any objection that they may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of
or relating to this Agreement in any California State court or federal court of the United States of America sitting in the State
of California and any appellate court from any thereof.

 

(iii)
Notwithstanding clauses (i)-(ii), the parties intend to and hereby confer jurisdiction to enforce the covenants contained in Section
7 upon the courts of any jurisdiction within the geographical scope of such covenants. If the courts of any one or more of
such jurisdictions hold such covenants wholly or partially invalid or unenforceable by reason of the breadth of such scope or
otherwise, it is the intention of the parties that such determination not bar or in any way affect the Company’s right to
the relief provided above in the courts of any other jurisdiction within the geographical scope of such covenants, as to breaches
of such covenants in such other respective jurisdictions, such covenants as they relate to each jurisdiction being, for this purpose,
severable into diverse and independent covenants.

 

(iv)
The parties further agree that the mailing by certified or registered mail, return receipt requested to both (x) the other party
and (y) counsel for the other party (or such substitute counsel as such party may have given written notice of prior to the date
of such mailing), of any process required by any such court shall constitute valid and lawful service of process against them,
without the necessity for service by any other means provided by law. Notwithstanding the foregoing, if and to the extent that
a court holds such means to be unenforceable, each of the parties’ respective counsel (as referred to above) shall be deemed
to have been designated agent for service of process on behalf of its respective client, and any service upon such respective
counsel effected in a manner which is permitted by California law shall constitute valid and lawful service of process against
the applicable party.

 

(g)
Amendment and Waiver. The provisions of this Agreement may be amended and waived only with the prior written consent of
the Company, the Executive and Holding, and no course of conduct or failure or delay in enforcing the provisions of this Agreement
shall affect the validity, binding effect or enforceability of this Agreement or any provision hereof.

 

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

 

(i)Counterparts.
This Agreement may be executed in Two (2) or more counterparts, each
of which shall be deemed an original and all of which together shall constitute one and the same instrument.

 

[SIGNATURE
PAGE TO FOLLOW]

 

    	11

    	 

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Employment Agreement as of the date first written above.

 

	 	THE COMPANY:
	 	 
	 	WOWIO, Inc., d.b.a. Studio W
	 	 	 
	 	By:	/s/ Brian K. Altounian
	 	Name:	BRIAN K. ALTOUNIAN
	 	Title:	CEO & PRESIDENT
	 	 	 
	 	EXECUTIVE: Linda Engelsiepen
	 	 	 
	 	By:	 
	 	Address:	3860 Beverly Ridge Dr.
	 	 	Sherman Oaks, CA 91423
	 	Telephone:	818-783-469
	 	Email:	lindaeee@gmail.com

  

    	12

    	 

    
 

Appendix
1

 

Specific
Responsibilities, Tasks and Duties of the Executive

 

	●		Management of comic IP library
assets
	●		Prioritization of development
of library assets
	●		Establishment of department
processes and forms
	●		Assessment of incoming pitches
for possible acquisition of creative materials and properties
	●		Assessment and development
of strategic partnerships and talent and business relationships
	●		Development of company business
strategies related to content exploitation
	●		Qualitative review of all creative
content, including company marketing materials
	●		Development of marketing and
pitch materials related to sales of I.P.
	●		Development of brand strategies
for owned and third party LP.
	●		Development of I.P. content
including book, film, TV, game and video
	●		Quality Assessment and Quality
Control of all property materials
	●		Identifying buyers and development
of business relationships

 

    	13

    	 

    

  

Exhibit
A

 

Producer
Fee Pool Bonus

 

    	14

    	 

    

  

Exhibit
B

 

Merit
Based Bonus for

Linda Engelsiepen

 

During
each calendar year, the Company will pay a Merit Bonus to the Executive based on Executive’s contribution toward a Company-owned
project becoming “greenlit” into any traditional media production (television, film, video game) and/or a release/launch
of new media production (App, StoryMax, webseries).

 

A
Merit Bonus may be in paid in cash or stock1 at the sole discretion of the Company.

 

The
Executive will receive Merit Bonuses as follows:

 

	For the first project:	20% of annual salary
	 	 
	For the second project:	30% of annual salary
	 	 
	For the third project:	50% of annual salary
	 	 
	Any additional projects:	shall be determined by the Company

 

The
aggregate Merit Bonuses paid to Executive in one year shall not exceed the Executive’s base salary.

 

Merit
Bonuses do not accumulate from year to year.

 

1 Any
payment in stock will be calculated on the fair market value of the stock on the date of payment. The fair market value shall
be (i) if the Company is a public company, the closing sale price of the stock on the day immediately preceding date of payment
as listed on any public market on which the Company’s common stock trades or (ii) if the Company is a private company, then
at the per share price most recently offered to potential investors.

 

    	15

    	 

    

  

Exhibit
C

 

Executive’s
Developments

 

FILM/TELEVISION
CONCEPTS, TREATMENTS AND SCREENPLAYS

 

B
List

Babysitting
School

Band
of Brothers

Beneficiary

Big
Buddy

Big
Dog House

’Bots/Thrill
Ride/Wireheads

Benny
and the Beasts/Bremen Town Musicions

Candy
Claus

Camp
Phobic

Cold
Lake

Cupid/Book
of Love

Dark
Beauty

Echo

Exposures/Shutter
Speed

Female
Bodyguard

Forget
Me Not

Four
Way

Gnome
Christmas

Goodwill
Angels

Griffin

House
of Doors

Jade/Dream
Warrior/Sleeping Beauty/The Tower

June
Live Hogs

Knick
Knacks

Leave
Him

Low
Key

Magnetic
Poetry

Manana/Bridejacked/Long
Way

Mirror
Man

Mountain
News

Northern
Lights

Old
MacDonald

Outdoors,
Inc.

Red
Shoes

 

    	16

    	 

    

  

Reunion

Ride-Along

Ring

Second
Sister

Semester
at Sea

Six
Feet Under

Skeletons

Smart
Chip

Tippity
Witchit’s Halloween

Title
IX

Unforgotten

Up
All Night

Welcome
to Oysterville

Widow’s
Bridge

 

As
Estate beneficiary, all intellectual property developed by Michael Browning

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