Document:

Exhibit 10.16

 

CONSULTING
AGREEMENT

 

THIS
CONSULTING AGREEMENT (this “Agreement”) dated as of January 31, 2013, by and between WOW1O, Inc., a Texas
Corporation, having an address at 6310 San Vicente Avenue, Suite 240, Los Angeles, CA 90048 (“WOWIO” or the “Company”),
and Arthur “Chip” Schwerzel, an individual, having an address at (“Consultant”).

 

RECITALS

 

A.
WHEREAS, Consultant has experience and expertise in providing the services described in Section 1 of this Agreement; and

 

B.
WHEREAS, Company wishes to engage Consultant on a non-exclusive basis to provide certain services in connection with sales and
marketing of WOWIO, which services are described in the Agreement (such identified services, together with such other related
and/or ancillary services (i) as may be requested by Company from time to time and (ii) which Consultant is capable of performing,
are collectively defined as the (“Consulting Services”), and Consultant wishes to provide the Consulting Services
to Company;

 

AGREEMENT

 

NOW,
THEREFORE, in consideration of the mutual promises herein contained, for good and valuable consideration, the receipt and legal
sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

 

1.
Consulting Services; Consulting Period.

 

(a)
During the period commencing on the date hereof and ending on the earlier of (i) twelve (12) months from the date hereof and (ii)
such date as this Agreement is terminated in accordance with Sections 4 or 5 hereof (the “Consulting Period”),
Consultant shall provide the Consulting Services to Company as set forth herein. At the end of the Consulting Period, the Agreement
may he extended for an additional twelve (12) months by the mutual written agreement of the parties hereto.

 

(b)
Consulting Services. Consultant will be expected to perform, on behalf of the Company, the following services, including, but
not limited to: financial management and strategy, establishing strategic partnerships, sales and marketing, business development
services, and ongoing strategic business consulting as requested (“Consulting Services”).

 

(c)
During the Consulting Period. Consultant agrees to render the Consulting Services to Company as and if reasonably requested by
Company. Such Consulting Services shall be rendered at such times and locations as shall he mutually convenient to Company and
Consultant.

 

2.
Compensation for Consultant’s Services.

 

(a)
As consideration for the Consulting Services (the “Consulting Fee”), the Company will issue to Consultant three million,
two hundred thousand (3,200,000) shares. All Compensation due to Consultant under the terms of this Agreement shall be deemed
earned upon execution hereof. The Shares shall be issued in the form of a stock certificate.

 

    	 

    	 

    

 

(b)
Regarding the Shares, Consultant acknowledges that the securities have not been registered under the Securities Act of 1933, as
amended, and may not be sold, transferred, pledged, hypothecated or otherwise disposed of in the absence of (1) an effective registration
statement for such securities under said Act or (2) an opinion of company counsel that such registration is not required.

 

3.
Independent Contractor Status.

 

(a)
Consultant agrees and acknowledges that in performing the Consulting Services pursuant to this Agreement, Consultant shall he
acting as an independent contractor with respect to Company, and not as an employee, agent, partner, or joint venture of Company.
Consultant, in its capacity as consultant, shall be free to accept other assignments and undertake other activities on its own
account or for the accounts of third parties, provided such assignments or activities (i) do not violate this or any other agreements
between Consultant and Company and (ii) do not compete directly with or do not interfere with the business of Company. Consultant
agrees and understands that it shall not he authorized to, nor shall Consultant, enter into any commitments, agreements, or undertakings
or assume any responsibilities in the name or on behalf of Company, unless agreed to in writing by the Company.

 

(b)
Consultant shall bear sole responsibility for payment on behalf of itself of any federal, state, or local income or employment
tax or withholding, unemployment insurance, workers’ compensation insurance, or liability insurance. Consultant agrees to
indemnify and hold Company harmless in respect of all such payments claimed or assessed by any taxing authority, including reasonable
attorneys’ fees. Consultant shall not be eligible to participate in employee benefit plans or programs of Company, and Consultant
understands and agrees that Consultant is not eligible for, and Consultant hereby waives any claim to, wages, compensation incentives,
health coverage or any other benefits provided to employees of Company. Consultant and Company hereby acknowledge and agree that
neither the Proposal nor this Agreement constitutes a hiring or employment agreement.

 

(c)
If at any time Consultant’s status as an independent contractor is challenged, Consultant agrees to give Company immediate
notice thereof and to cooperate fully with Company in defending such challenge if so requested.

 

4.
Compliance with Laws and Policies. While providing the Consulting Services to Company, Consultant shall comply with all
applicable laws, rules, and regulations. If, during the Consulting Period, Consultant violates any applicable laws, rules, or
regulations, as determined by Company in its sole discretion, Company will take appropriate action, which may include the immediate
termination of this Agreement.

 

5.
Termination. The Company may terminate this Agreement, without cause, upon written notice to that effect delivered to and
received by Consultant at least twenty four hours prior to the date of such termination set forth in such notice, provided, however,
except as expressly approved by Company in writing, Consultant shall have no right or authority to provide or perform any additional
Consulting Services from and after either party delivers a termination notice to the other party. In the event of termination
by either party, Consultant shall be paid any unpaid Consulting Fees due to it up to the time of termination.

 

    	2

    	 

    

 

6.
Confidentiality.

 

(a)
During the Consulting Period, in exchange for Consultant’s promise to use such information solely for Company’s benefit,
Company may provide Consultant with Confidential Information (as defined herein) concerning, among other things, its business,
operations, donors, partners and grantees. “Confidential Information” refers to information not generally known
by others in the form in which it is used by Company, including secret, confidential, or proprietary information or trade secrets
of Company and its subsidiaries and affiliates, conveyed orally or reduced to a tangible form in any medium, including information
concerning the donor database, operations, future plans and strategies of Company and its subsidiaries and affiliates, as well
as information about Company’s donors, partners and grantees and their respective contact information, and other information
about how to best serve their needs and preferences; provided, however, “Confidential Information” shall not include
information that (i) Consultant knew prior to its engagement by Company, (ii) subsequently came into Consultant’s possession
other than through its work for Company and not as a result of a breach of any duty owed to Company or (iii) is generally known
within the relevant industry.

 

(b)
Promise Not to Disclose. Consultant promises never to use or disclose any Confidential Information before it has become
generally known through no fault of Consultant or its agents or employees. Consultant agrees that this covenant shall survive
the termination of this Agreement.

 

(c)
Return of Information. When the Consulting Period expires, Consultant shall promptly deliver to Company all documents,
data, manuals, letters, notes, reports, electronic mail, recordings, or other property of or pertaining to Company or any affiliate
of Company.

 

(d)
Enforcement of This Section. This Section 6 shall survive the termination of this Agreement for any reason. Consultant
acknowledges that (i) its services are of a special, unique, and extraordinary character and it would be very difficult or impossible
to replace them, (ii) this Section’s terms are reasonable and necessary to protect Company’s legitimate interests,
(iii) this Section’s restrictions shall apply wherever permitted by law and (iv) Consultant’s violation of any of
this Section’s terms would irreparably harm Company. Accordingly, Consultant agrees that, if it violates any of the provisions
of this Section, Company shall be entitled to, in addition to all other remedies available to it, an injunction to be issued by
any court of competent jurisdiction restraining Consultant from committing or continuing any such violation, without the need
to prove the inadequacy of money damages or post any bond or for any other undertaking. In addition, Consultant agrees to reimburse
to Company all costs and expenses (including reasonable attorney’s fees and disbursements) incurred by Company in enforcing
the terms and conditions hereof.

 

7.
Personal Services. Company has entered into this Agreement with Consultant with the understanding that Consultant shall
not assign or transfer any of its duties or obligations hereunder or under the Agreement, and any attempt to do so shall be null
and void and shall constitute a breach by Consultant of its obligations hereunder and under the Agreement. Notwithstanding the
foregoing, Consultant may subcontract out certain components of the Consulting Services with Company’s prior written approval,
which shall not be unreasonably withheld.

 

8.
Governing Law; Venue. This Agreement shall be governed by and construed and enforced in accordance with the laws of the
State of California (without regard to its principles of conflicts of laws). Except as specifically set forth in Section 6 of
this Agreement, any action brought to enforce this Agreement or claiming breach thereof shall be brought exclusively in a court
within the State of California, County of Los Angeles.

 

    	3

    	 

    

 

9.
Notices. Unless otherwise expressly provided herein, any notice required or permitted under the Agreement shall be given
in writing and shall be deemed effectively given upon (a) personal delivery to the party to be notified, (b) delivery by courier
or overnight express mail delivery service to the party to be notified, (c) by facsimile transmission (with a copy thereof delivered
in accordance with the methods specified in clauses (a) or (b)) or (d) deposit with the United States Post Office, by registered
or certified mail, postage prepaid, and addressed to the party to the notified at the address indicated for such party on the
signature page hereto or at such other address as such party may designate by advance written notice to the other party.

 

10.
Amendments; Waiver, No provisions of the Agreement may be modified, waived, or discharged except by a written document
signed by Consultant and Company. A waiver of any conditions or provisions of the Agreement in a given instance shall not be deemed
a waiver of such conditions or provisions at any other time. Notwithstanding the foregoing, Consultant and Company hereby acknowledge
and agree that the Agreement may be modified, amended or supplemented from time to time by mutual agreement of Company and Consultant.
In such event, Company and Consultant hereby agree that any such amendment, modification or supplement (each, an “Amendment”)
shall be subject to, and amended, modified and supplemented by, the terms and conditions of this Agreement.

 

11.
Validity. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability
of any other provision of this Agreement, which shall remain in full force and effect.

 

12.
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original
but all of which together shall constitute one and the same instrument.

 

13.
Complete Agreement. All oral or written agreements or representations express or implied, with respect to the subject matter
of this Agreement are set forth in this Agreement.

 

    	4

    	 

    

 

IN
WITNESS WHEREOF, the parties hereto knowingly and voluntarily executed this Agreement as of the date set forth below:

 

	 	COMPANY:
    
	 	 
	 	WOW1O,
    Inc.
	 	 	 
	 	By:	/s/
    Brian Altounian
	 	Name:	Brian
    Altounian
	 	Title:	Chief
    Executive Officer

 

	 	CONSULTANT
	 	 
	 	/s/
    Arthur “Chip” Schwerzl
	 	Arthur
    “Chip” Schwerzl

 

    	5Exhibit 10.17

 

STERN
& CO. 

CONSULTING
AGREEMENT

 

February
15, 2013

 

WOWIO,
Inc. (the “Company”)

 

On
behalf of Stern & Co. (“Stern”), I look forward to working with you as an outside business consultant. The purpose
of this letter (the “Agreement”) is to set forth the terms and conditions under which Stern agrees to serve the Company
as an outside business consultant.

 

		1.	Services.
                                                                                                                                                                                                                    Stern
                                                                                                                                                                                                                    shall
                                                                                                                                                                                                                    use
                                                                                                                                                                                                                    its
                                                                                                                                                                                                                    best
                                                                                                                                                                                                                    efforts
                                                                                                                                                                                                                    to
                                                                                                                                                                                                                    perform
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    following
                                                                                                                                                                                                                    services
                                                                                                                                                                                                                    in
                                                                                                                                                                                                                    a
                                                                                                                                                                                                                    timely
                                                                                                                                                                                                                    manner:
                                                                                                                                                                                                                    (a)
                                                                                                                                                                                                                    become
                                                                                                                                                                                                                    familiar
                                                                                                                                                                                                                    with
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    business
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    operations
                                                                                                                                                                                                                    of
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    Company
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    review
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    analyze
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    Company’s
                                                                                                                                                                                                                    formal
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    informal
                                                                                                                                                                                                                    strategic,
                                                                                                                                                                                                                    marketing,
                                                                                                                                                                                                                    financial
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    business
                                                                                                                                                                                                                    plans
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    (b)
                                                                                                                                                                                                                    advise
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    Company
                                                                                                                                                                                                                    in
                                                                                                                                                                                                                    strategic
                                                                                                                                                                                                                    planning
                                                                                                                                                                                                                    matters
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    assist
                                                                                                                                                                                                                    in
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    implementation
                                                                                                                                                                                                                    of
                                                                                                                                                                                                                    short-
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    long-term
                                                                                                                                                                                                                    strategic
                                                                                                                                                                                                                    planning
                                                                                                                                                                                                                    initiatives
                                                                                                                                                                                                                    to
                                                                                                                                                                                                                    enhance
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    accelerate
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    commercialization
                                                                                                                                                                                                                    of
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    Company’s
                                                                                                                                                                                                                    business
                                                                                                                                                                                                                    objectives.

 

		2.	Tern.
                                                                                                                                                                                                                    This
                                                                                                                                                                                                                    Agreement
                                                                                                                                                                                                                    shall
                                                                                                                                                                                                                    be
                                                                                                                                                                                                                    in
                                                                                                                                                                                                                    effect
                                                                                                                                                                                                                    for
                                                                                                                                                                                                                    one
                                                                                                                                                                                                                    (1)
                                                                                                                                                                                                                    year
                                                                                                                                                                                                                    from
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    date
                                                                                                                                                                                                                    of
                                                                                                                                                                                                                    acceptance
                                                                                                                                                                                                                    by
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    Company.

 

		3.	Consideration.
                                                                                                                                                                                                                    For
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    valuable
                                                                                                                                                                                                                    advice
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    services
                                                                                                                                                                                                                    to
                                                                                                                                                                                                                    be
                                                                                                                                                                                                                    provided
                                                                                                                                                                                                                    by
                                                                                                                                                                                                                    Stern
                                                                                                                                                                                                                    to
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    Company
                                                                                                                                                                                                                    under
                                                                                                                                                                                                                    this
                                                                                                                                                                                                                    Agreement,
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    Company
                                                                                                                                                                                                                    will
                                                                                                                                                                                                                    issue
                                                                                                                                                                                                                    to
                                                                                                                                                                                                                    Stern
                                                                                                                                                                                                                    ten
                                                                                                                                                                                                                    million
                                                                                                                                                                                                                    (10,000,000)
                                                                                                                                                                                                                    shares.
                                                                                                                                                                                                                    All
                                                                                                                                                                                                                    compensation
                                                                                                                                                                                                                    due
                                                                                                                                                                                                                    to
                                                                                                                                                                                                                    Stern
                                                                                                                                                                                                                    under
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    terms
                                                                                                                                                                                                                    of
                                                                                                                                                                                                                    this
                                                                                                                                                                                                                    Agreement
                                                                                                                                                                                                                    shall
                                                                                                                                                                                                                    be
                                                                                                                                                                                                                    deemed
                                                                                                                                                                                                                    earned
                                                                                                                                                                                                                    upon
                                                                                                                                                                                                                    execution
                                                                                                                                                                                                                    hereof.

 

		4.	Representations
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    Warranties.
                                                                                                                                                                                                                    The
                                                                                                                                                                                                                    Company
                                                                                                                                                                                                                    represents
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    warrants
                                                                                                                                                                                                                    to
                                                                                                                                                                                                                    Stern
                                                                                                                                                                                                                    that
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    statements
                                                                                                                                                                                                                    contained
                                                                                                                                                                                                                    in
                                                                                                                                                                                                                    paragraph
                                                                                                                                                                                                                    4
                                                                                                                                                                                                                    are
                                                                                                                                                                                                                    correct
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    complete
                                                                                                                                                                                                                    as
                                                                                                                                                                                                                    of
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    Effective
                                                                                                                                                                                                                    Date:
                                                                                                                                                                                                                    (a)
                                                                                                                                                                                                                    The
                                                                                                                                                                                                                    Company
                                                                                                                                                                                                                    is
                                                                                                                                                                                                                    a
                                                                                                                                                                                                                    corporation
                                                                                                                                                                                                                    duly
                                                                                                                                                                                                                    organized,
                                                                                                                                                                                                                    validly
                                                                                                                                                                                                                    existing
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    active
                                                                                                                                                                                                                    under
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    laws
                                                                                                                                                                                                                    of
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    State
                                                                                                                                                                                                                    of
                                                                                                                                                                                                                    New
                                                                                                                                                                                                                    York,
                                                                                                                                                                                                                    (b)
                                                                                                                                                                                                                    The
                                                                                                                                                                                                                    Company
                                                                                                                                                                                                                    has
                                                                                                                                                                                                                    full
                                                                                                                                                                                                                    corporate
                                                                                                                                                                                                                    power
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    authority
                                                                                                                                                                                                                    to
                                                                                                                                                                                                                    (i)
                                                                                                                                                                                                                    conduct
                                                                                                                                                                                                                    its
                                                                                                                                                                                                                    business
                                                                                                                                                                                                                    as
                                                                                                                                                                                                                    now
                                                                                                                                                                                                                    conducted
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    as
                                                                                                                                                                                                                    proposed
                                                                                                                                                                                                                    to
                                                                                                                                                                                                                    be
                                                                                                                                                                                                                    conducted
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    to
                                                                                                                                                                                                                    own,
                                                                                                                                                                                                                    use,
                                                                                                                                                                                                                    license,
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    lease
                                                                                                                                                                                                                    its
                                                                                                                                                                                                                    assets
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    properties
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    (ii)
                                                                                                                                                                                                                    enter
                                                                                                                                                                                                                    into
                                                                                                                                                                                                                    this
                                                                                                                                                                                                                    Agreement
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    to
                                                                                                                                                                                                                    consummate
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    transactions
                                                                                                                                                                                                                    contemplated
                                                                                                                                                                                                                    herein.

 

Expenses.
In addition to the consideration set forth in paragraph 3, the Company shall reimburse Stern and its affiliates, upon request,
for all reasonable out-of-pocket expenses incurred in connection with the performance by Stern of its obligations under this Agreement.
Out-of-pocket expenses may include necessary out-of-town travel agreed to by the Company (including meals and lodging), database
services, courier charges, and fees and expenses of third parties such as legal counsel, etc. The Company shall approve such expenses
in advance.

 

		6.	Indemnity. The Company
agrees to indemnify, defend, and hold harmless Stern and its affiliates, directors, officers, counsel, employees, agents, members,
managers, successors, assigns, and controlling persons (as defined in the Act) (each, an “Indemnified Party”) from and
against any and all losses, claims, damages, costs, expenses, and liabilities (including any investigatory, legal, and other expenses
incurred as they are incurred by an Indemnified Party in connection with preparing for or defending any action, claim, or proceeding,
whether or not resulting in any liability) (collectively, “Indemnifiable Losses”) to which any Indemnified Party may
become subject or liable relating to or arising out of (a) the Agreement or the services to be performed under the Agreement or
any agreement between the parties to this Agreement, (b) any transactions referred to in the Agreement or any transactions arising
out of the transactions contemplated by the Agreement, (c) any inaccuracy in or breach in the representations and warranties of
the Company contained in this Agreement, and (d) any failure of the Company to perform its obligations under this Agreement, provided
that the Company shall not be liable to an Indemnified Party in any such case to the extent that any such Indemnifiable
Loss is found in a final, nonappealable judgment by a court of competent jurisdiction to have resulted as a direct and proximate
cause from the willful misconduct or gross negligence of an Indemnified Party. No Indemnified Party shall be liable, responsible,
or accountable in damages and costs and expenses (including attorneys’ fees) under this Agreement except for any liability for
losses, claims, damages, or liabilities finally judicially determined to have resulted solely and exclusively from actions taken
or omitted to be taken as a direct result of such Indemnified Party’s gross negligence or willful misconduct. If for any reason,
except as specifically provided herein, the foregoing indemnity for Indemnifiable Losses is unavailable to an Indemnified Party
or insufficient to fully hold any Indemnified Party harmless, then the Company agrees to contribute to the amount paid or payable
by such Indemnified Party as a result of such Indemnifiable Losses in such proportion as is appropriate to reflect the relative
benefits received by and fault of the Company, on the one hand, and the relative benefits received by and fault of Stern, on the
other hand.

 

    	 

    	 

    

 

		7.	Legal
                                                                                                                                                                                                             Matters.
                                                                                                                                                                                                             This
                                                                                                                                                                                                             Agreement
                                                                                                                                                                                                             shall
                                                                                                                                                                                                             be
                                                                                                                                                                                                             interpreted
                                                                                                                                                                                                             under
                                                                                                                                                                                                             and
                                                                                                                                                                                                             governed
                                                                                                                                                                                                             by
                                                                                                                                                                                                             the
                                                                                                                                                                                                             laws
                                                                                                                                                                                                             of
                                                                                                                                                                                                             the
                                                                                                                                                                                                             State
                                                                                                                                                                                                             of
                                                                                                                                                                                                             New
                                                                                                                                                                                                             York.
                                                                                                                                                                                                             Any
                                                                                                                                                                                                             controversy,
                                                                                                                                                                                                             dispute,
                                                                                                                                                                                                             or
                                                                                                                                                                                                             claim
                                                                                                                                                                                                             between
                                                                                                                                                                                                             the
                                                                                                                                                                                                             parties
                                                                                                                                                                                                             relating
                                                                                                                                                                                                             to
                                                                                                                                                                                                             this
                                                                                                                                                                                                             Agreement
                                                                                                                                                                                                             shall
                                                                                                                                                                                                             be
                                                                                                                                                                                                             resolved
                                                                                                                                                                                                             by
                                                                                                                                                                                                             binding
                                                                                                                                                                                                             arbitration
                                                                                                                                                                                                             in
                                                                                                                                                                                                             accordance
                                                                                                                                                                                                             with
                                                                                                                                                                                                             the
                                                                                                                                                                                                             rules
                                                                                                                                                                                                             of
                                                                                                                                                                                                             the
                                                                                                                                                                                                             American
                                                                                                                                                                                                             Arbitration
                                                                                                                                                                                                             Association.

 

Representation.
The Company acknowledges that it has been given notice _by Stern that Stern is not a licensed securities broker-dealer
and therefore Stern is not required under this Agreement or any side agreement, whether verbally or in writing, to sell securities
on behalf of the Company or any issuer affiliated with the Company. the Company acknowledges that Stern does not intend to negotiate
raising of capital transactions, does not intend to directly solicit purchasers of the Company’s common stock, will not hold any
funds or securities in a capital raising transaction, and the compensation due to Stern is not based on a specified percentage
of any actual or proposed funds raised. The Company acknowledges that Stern has informed it that neither Stern nor any of its
members or employees provides any legal advice or counsel. The duties of Stern shall not include auditing, valuation, accounting,
computer network design or appraisal services, which shall be procured by the Company at its own expense.

 

		9.	Independent
                                                                                                                                                                                                                    Contractor.
                                                                                                                                                                                                                    Stern
                                                                                                                                                                                                                    is
                                                                                                                                                                                                                    an
                                                                                                                                                                                                                    independent
                                                                                                                                                                                                                    contractor
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    may
                                                                                                                                                                                                                    engage
                                                                                                                                                                                                                    in
                                                                                                                                                                                                                    other
                                                                                                                                                                                                                    business
                                                                                                                                                                                                                    activities.
                                                                                                                                                                                                                    Since
                                                                                                                                                                                                                    Stern
                                                                                                                                                                                                                    is
                                                                                                                                                                                                                    an
                                                                                                                                                                                                                    independent
                                                                                                                                                                                                                    contractor,
                                                                                                                                                                                                                    nothing
                                                                                                                                                                                                                    in
                                                                                                                                                                                                                    this
                                                                                                                                                                                                                    Agreement
                                                                                                                                                                                                                    shall
                                                                                                                                                                                                                    be
                                                                                                                                                                                                                    interpreted
                                                                                                                                                                                                                    to
                                                                                                                                                                                                                    constitute
                                                                                                                                                                                                                    that
                                                                                                                                                                                                                    Stern
                                                                                                                                                                                                                    is
                                                                                                                                                                                                                    an
                                                                                                                                                                                                                    agent,
                                                                                                                                                                                                                    employee,
                                                                                                                                                                                                                    or
                                                                                                                                                                                                                    partner
                                                                                                                                                                                                                    of
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    Company,
                                                                                                                                                                                                                    nor
                                                                                                                                                                                                                    shall
                                                                                                                                                                                                                    either
                                                                                                                                                                                                                    party
                                                                                                                                                                                                                    have
                                                                                                                                                                                                                    any
                                                                                                                                                                                                                    authority
                                                                                                                                                                                                                    to
                                                                                                                                                                                                                    bind
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    other.

 

		10.	Entire
                                                                                                                                                                                                                     Agreement.
                                                                                                                                                                                                                     This
                                                                                                                                                                                                                     Agreement
                                                                                                                                                                                                                     constitutes
                                                                                                                                                                                                                     the
                                                                                                                                                                                                                     entire
                                                                                                                                                                                                                     agreement
                                                                                                                                                                                                                     between
                                                                                                                                                                                                                     the
                                                                                                                                                                                                                     parties
                                                                                                                                                                                                                     pertaining
                                                                                                                                                                                                                     to
                                                                                                                                                                                                                     the
                                                                                                                                                                                                                     subject
                                                                                                                                                                                                                     matter
                                                                                                                                                                                                                     hereof
                                                                                                                                                                                                                     and
                                                                                                                                                                                                                     supersedes
                                                                                                                                                                                                                     and
                                                                                                                                                                                                                     cancels
                                                                                                                                                                                                                     any
                                                                                                                                                                                                                     prior
                                                                                                                                                                                                                     communications,
                                                                                                                                                                                                                     representations,
                                                                                                                                                                                                                     understandings,
                                                                                                                                                                                                                     and
                                                                                                                                                                                                                     agreements
                                                                                                                                                                                                                     between
                                                                                                                                                                                                                     the
                                                                                                                                                                                                                     parties.
                                                                                                                                                                                                                     No
                                                                                                                                                                                                                     modifications
                                                                                                                                                                                                                     of
                                                                                                                                                                                                                     or
                                                                                                                                                                                                                     changes
                                                                                                                                                                                                                     to
                                                                                                                                                                                                                     this
                                                                                                                                                                                                                     Agreement
                                                                                                                                                                                                                     shall
                                                                                                                                                                                                                     be
                                                                                                                                                                                                                     binding,
                                                                                                                                                                                                                     nor
                                                                                                                                                                                                                     can
                                                                                                                                                                                                                     any
                                                                                                                                                                                                                     of
                                                                                                                                                                                                                     its
                                                                                                                                                                                                                     provisions
                                                                                                                                                                                                                     be
                                                                                                                                                                                                                     waived,
                                                                                                                                                                                                                     unless
                                                                                                                                                                                                                     agreed
                                                                                                                                                                                                                     to
                                                                                                                                                                                                                     in
                                                                                                                                                                                                                     writing
                                                                                                                                                                                                                     by
                                                                                                                                                                                                                     the
                                                                                                                                                                                                                     pat-ties.
                                                                                                                                                                                                                     There
                                                                                                                                                                                                                     are
                                                                                                                                                                                                                     no
                                                                                                                                                                                                                     side
                                                                                                                                                                                                                     agreements,
                                                                                                                                                                                                                     whether
                                                                                                                                                                                                                     verbally
                                                                                                                                                                                                                     or
                                                                                                                                                                                                                     in
                                                                                                                                                                                                                     writing,
                                                                                                                                                                                                                     between
                                                                                                                                                                                                                     the
                                                                                                                                                                                                                     Company
                                                                                                                                                                                                                     and
                                                                                                                                                                                                                     Stern,

 

		11.	Confidentiality.
                                                                                                                                                                                                              The
                                                                                                                                                                                                              parties
                                                                                                                                                                                                              agree
                                                                                                                                                                                                              that
                                                                                                                                                                                                              the
                                                                                                                                                                                                              terms
                                                                                                                                                                                                              and
                                                                                                                                                                                                              all
                                                                                                                                                                                                              of
                                                                                                                                                                                                              the
                                                                                                                                                                                                              encompassing
                                                                                                                                                                                                              components
                                                                                                                                                                                                              of
                                                                                                                                                                                                              this
                                                                                                                                                                                                              Agreement
                                                                                                                                                                                                              shall
                                                                                                                                                                                                              be
                                                                                                                                                                                                              kept
                                                                                                                                                                                                              confidential,
                                                                                                                                                                                                              unless
                                                                                                                                                                                                              this
                                                                                                                                                                                                              information
                                                                                                                                                                                                              is
                                                                                                                                                                                                              required
                                                                                                                                                                                                              to
                                                                                                                                                                                                              be
                                                                                                                                                                                                              disclosed
                                                                                                                                                                                                              pursuant
                                                                                                                                                                                                              to
                                                                                                                                                                                                              any
                                                                                                                                                                                                              inquiries
                                                                                                                                                                                                              by
                                                                                                                                                                                                              federal,
                                                                                                                                                                                                              state,
                                                                                                                                                                                                              or
                                                                                                                                                                                                              local
                                                                                                                                                                                                              law
                                                                                                                                                                                                              enforcement
                                                                                                                                                                                                              or
                                                                                                                                                                                                              pursuant
                                                                                                                                                                                                              to
                                                                                                                                                                                                              paragraph
                                                                                                                                                                                                              9.

 

    	2

    	 

    

 

If
the foregoing is acceptable to you, please execute this Agreement in the place provided below.

 

	Very
    Truly Yours,	 
	 	 	 
	By:	/s/
    Shai Z. Stern	 
	 	 	 
	ACCEPTED
    AND AGREED	 
	Company:  Wowio,
    LLC	 
	 	 	 
	By:	/s/
    Brian Altounian	 
	 	Brian
    Altounian, CEO	 

 

    	3

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