Document:

Exhibit 10.15

 

MAX
SOUND CORPORATION AND VSL COMMUNICATIONS

LICENSING
AND REPRESENTATION AGREEMENT

(OPTIMIZED
DATA TRANSMISSION SYSTEM & METHOD)

 

THIS
AGREEMENT ("Agreement") on May 19, 2014 is entered into by and between Max Sound Corporation, a Delaware corporation
(hereinafter "MAXD") with its address at 2902A Colorado Avenue, Santa Monica, CA 90404 and VSL Communications
(hereinafter "VSL") with its address at Great Eagle Centre, 21st Floor, 23 Harbour Road, Wanchai, Hong Kong. VSL
is the lawful rights holder of all worldwide Intellectual Property Titled Optimized Data Transmission System and Method ("ODT").
Together MAXD and VSL shall hereinafter be the ("Parties"), and

 

WHEREAS,
before the Closing Date, VSL legally owns and controls all of the worldwide rights, title and interest to all fields of use of
its Trade Secrets, Patents, and all other know-how, through its affiliated entities and owners, including the rights to license,
the rights to develop and market ODT and the Rights to Sue ("RIGHTS TO SUE") and Legally Defend and Uphold its Intellectual
Property, Trade Secrets and Proprietary Technology. ("TECHNOLOGY").

 

WHEREAS,
the parties desire to provide for the terms and conditions upon which MAXD is agreeing to represent VSL in a stock-and-cash exchange.
Upon consummation, VSL hereby grants to MAXD the Rights to Represent VSL, ODT and the TECHNOLOGY, and the RIGHTS TO SUE as set
forth more fully in this Agreement; and

 

WHEREAS,
VSL and ODT Technology with certain intellectual property typically referred to as the Optimized Data Transmission System and
Method which among other things can reduce multi-media content and data files by 97% (Ninety Seven Percent) during the encoding/decoding
process; and

 

NOW,
THEREFORE, for good and valuable consideration, the receipt, adequacy and sufficiency of which are by this Agreement acknowledged,
the parties agree as follows:

 

ARTICLE
1

TERMS
AND CONDITIONS

 

1.01
Rights

 

(a)      License
Grant. Subject to the terms and conditions of this Agreement, at the Effective Date, as defined herein, VSL hereby grants
MAXD the Exclusive Worldwide License to ODT Technology.

 

(b)      Representation.
Subject to the terms and conditions of this Agreement, at the Effective Date, as defined herein. VSL hereby grants MAXD the
Exclusive representation to act as its agent and negotiate any opportunities on behalf of VSL Technology to Companies, Organizations
and other qualified Entities ("AGENT").

 

(c)      Pre-approved
Claims. VSL grants MAXD the Exclusive Right to Sue pre-approved violators of VSL's intellectual property rights. VSL agrees
that MAXD will bring forth any Legal Claims pre-approved by VSL. VSL has pre-approved the Margin Note Claim as the first such
matter that MAXD will bring forward. VSL has pre-approved an additional Claim against all receivers of VSL Trade Secrets. VSL
will be a Co-Plaintiff in any Lawsuit at VSL's option and/or if the Law Firm selected to represent the case clearly demonstrates
that VSL's participation is in the best interest of the parties and can produce the best possible outcome within the shortest
time lines.

 

(d)      Representation
Date. Representation shall become effective ("Effective Date") upon the execution of this Agreement by both parties.

 

    	1

    	 

    

 

(e)      Final
Due Diligence. MAXD has the right to complete its final phase of document due diligence on or before May 30, 2014.

 

(f)      First
Exchange of Cash. MAXD shall deliver $200,000.00 (Two Hundred Thousand Dollars) USD to VSL with a MAXD Company check made
out to VSL's Designee on Thursday, May 19, 2014.

 

(g)      Second
Exchange of Cash. MAXD shall deliver $300,000.00 (Three Hundred Thousand Dollars) USD to VSL with a MAXD Company check made
out to VSL's Designee on or before Friday, May 30, 2014 or on such sooner date if the complete file of documents is received by
MAXD from VSL pursuant to 1.01(g) below.

 

(h)      Document
Collection. On May 28, 2014, MAXD will take possession of all VSL documents related to the Margin Notes matter. Such documents
will remain the property of VSL and be kept in fireproof safekeeping by MAXD in San Diego for the duration of the agreement except
as may be needed for forensic analysis and in a cause of action. VSL will provide MAXD originals of the Margin Notes and the associated
NDA. If MAXD needs to it will make the second payment in 1.01(f) above, take the entire inventory of VSL documents, and
return one complete set of same to VSL within 5 (Five) business days.

 

(i)      Exchange
of additional $1,000,000.00 Cash. Following the initial two exchanges of cash (as outlined in 1.01d & 1.01e herein), 5
(Five) additional payments of $200,000.00 (Two Hundred Thousand Dollars) shall be paid to VSL with a MAXD Company check made out
to VSL's Designee. These additional 5 (Five) payments (contingent on 1.01h hereunder) shall be issued every 30 (Thirty) days,
until a total of $1,000,000.00 (One Million Dollars) (over and above the initial $500,000.00 Down Payment) is paid, however the
30 (Thirty) day periods will be waived if fund raising occurs on an anticipated faster time line.

 

(j)      Additional
Cash from Funding. The payments of additional cash found in section 1.01g above, are contingent on the following funding criteria:
MAXD shall pay set increments of cash based on a percentage of gross funds received by MAXD through funds raised. MAXD shall pay
VSL 20% (Twenty Percent) of such monies as soon as they are received. For the purpose of example, S1,000,000.00 (gross funds
from fund raising) to MAXD x 20% (VSL percentage) = S200.000.00.

 

(k)     Exchange
of Stock. Within two weeks of the effective date of this agreement, 10,000,000 (Ten Million) Shares of MAXD Common Stock (Rule
144 unregistered shares) will be ordered from MAXD's Transfer Agent to be paid to VSL's Designee. VSL agrees to sell no more than
5% (Five Percent) of the daily trading volume in the Public Market, but may sell all or part of its holdings at any time after
six months in a private sale, not subject to volume restrictions or open market trading.

 

(l)      Press
Releases. MAXD, to meet its regulatory obligations, is permitted to issue relevant press releases and/or required securities
filings regarding its Representation of VSL. Relevant press releases by the Law Firm, in any VSL pre-approved cases provided for
herein, are also permitted.

 

(1)
   Legal Representation. MAXD shall retain the services of a top Law Firm of its choosing to assist with Representation
of all pre-approved causes of action.

 

(i)       Rights
to Sue. VSL grants to MAXD the Exclusive RIGHTS TO SUE and pursue any VSL pre-approved actions, in law, equity, or otherwise,
against any individuals, corporations, or any other entities (partnership, joint ventures, etc.), in any forum (court, arbitration,
mediation), anywhere in the world but only when VSL has pre-approved specific suits against specific parties as provided for in
1.01(c) above.

 

    	2

    	 

    

 

 

(ii)       Contingency
Fee. MAXD and VSL agree that if a Law Firm is hired on a contingency fee basis, that said Law Firm at the close of any settlement
awards or beneficial judgments deducts such contingency amount and therefore is not included in the final calculation of the amounts
VSL and MAXD will share under this agreement.

 

(iii)       Pre-approved
Margin Note Claim. The Law Firm shall begin preparation of the litigation process in the Margin Note Claim on behalf of MAXD
and VSL.

 

(iv)       Pre-approved
Trade Secrets Claim(s). The Law Firm shall begin preparation of the litigation process in additional Trade Secret Claims
on behalf of MAXD and VSL.

 

1.02
 VSL Opportunities. As Exclusive AGENT, MAXD will act on behalf of VSL to facilitate and negotiate all opportunities
on behalf of VSL and ODT Technology to Companies, Organizations and other qualified Entities. Upon any closing, VSL shall receive
50% (Fifty Percent) of Gross Dollars and MAXD shall receive the other 50% (Fifty Percent) of Gross Dollars, at the time of a completion
of any transaction opportunity, including legal settlements after subtracting applicable contingent legal fees (See 1.01(1)(ii)).

 

1.03
Exclusive ODT License to MAXD. VSL is granting the Exclusive Worldwide License to MAXD to VSL's ODT Technology for all fields
of use.

 

1.04
Effective Date. Subject to the terms and conditions of this Agreement, the effective date of this Agreement, shall be the
date of the last executed signature affixed to this agreement, and other milestones contained herein, but in any event no later
than May 24, 2014.

 

1.05
 Term. The term of this Agreement is the life of the intellectual property being in effect. All

transactions
and settlements that MAX]) has consummated or is in negotiation with at the time of expiration or termination of this agreement
will continue to be paid to MAXD its related share for the life of any such transactions and/or settlements as provided for in
this agreement.

 

ARTICLE
2 

REPRESENTATIONS
AND WARRANTIES

 

2.00
Representations and Warranties of VSL. VSL represents and warrants to MAXD that the facts, statements and claims set forth below
are true and correct.

 

2.01
Representations and Warranties of MAXD. MAXD represent and warrant to VSL that the facts set forth below are true and correct:

 

a)       Organization.
MAXD and VSL are entities duly organized, validly existing and in good standing under the applicable laws of formation of their
respective states, and they have the requisite power and authority to conduct their business and consummate the transactions contemplated
by this Agreement.

 

b)       Authorization.
The execution of this Agreement and the consummation of the Representation Agreement contemplated by this Agreement have been
duly authorized the board of directors and shareholders of MAXD and the owners/members of VSL; no other corporate action by the
respective parties is necessary in order to execute, deliver, consummate and perform their respective obligations hereunder; and
MAX!) and VSL have all requisite authority to execute and deliver this Agreement and consummate the transactions contemplated
by this Agreement.

 

    	3

    	 

    

 

 

c)
Binding Effect. The execution, delivery, performance and consummation of this Agreement, the Representation Agreement and the
transactions contemplated by this Agreement will not violate any obligation to which MAXD, or VSL is a party and will not create
a default under any such obligation or under any agreement to which MAXD, or VSL is a party. This Agreement constitutes a legal,
valid and binding obligation of MAXD, and VSL, enforceable in accordance with its terms, except as the enforcement may be limited
by bankruptcy, insolvency, moratorium, or similar laws affecting creditor's rights generally and by the availability of injunctive
relief, specific performance or other equitable remedies.

 

d)
Litigation Relating to this Agreement. There are no suits, actions or proceedings pending or, to the best of MAXD, and VSL's knowledge,
information and belief, threatened, which seek to enjoin the Acquisition or the transactions contemplated by this Agreement or
which, if adversely decided, would have a materially adverse effect on the business, assets or prospects of VSL.

 

e)      No
Conflicting Agreements. Neither the execution and delivery of this Agreement nor the fulfillment of or compliance by MAXD, or
VSL with the terms or provisions of this Agreement nor all other documents or agreements contemplated by this Agreement and the
consummation of the transaction contemplated by this Agreement will result in a breach of the terms, conditions or provisions
of, or constitute a default under, or result in a violation of, MAXD, or VSL's articles of incorporation or bylaws, the Technology,
the Agreement, or any agreement, contract, instrument, order, judgment or decree to which MAXD, or VSL is a party or by which
MAXD, or VSL or any of their respective assets is bound, or violate any provision of any applicable law, rule or regulation or
any order, decree, writ or injunction of any court or government entity which materially affects their respective assets or businesses.

 

f)      Consents.
No consent from or approval of any court, governmental entity or any other person is necessary in connection with execution and
delivery of this Agreement by MAXD, and VSL or performance of the obligations of MAXD, and VSL hereunder or under any other agreement
to which MAXD, or VSL is a party; and the consummation of the transactions contemplated by this Agreement will not require the
approval of any entity or person in order to prevent the termination of the Technology, the Agreement, or any other material right,
privilege, license or agreement relating to VSL or its assets or business.

 

g)      Title
to Assets. This agreement and the assets shown on the balance sheet of attached Exhibit A are the assets of VSL. On the Closing
Date, VSL shall remain the owner of the assets.

 

h)      Intellectual
Property

 

1.       VSL
represents that it owns the VSL Technology and has all right, power, authority and ownership and entitlement to file, prosecute
and maintain in effect the Patent application with respect to the VSL Invention, and

 

2.       The
VSL Technology was invented by Constance Nash the Inventor, and

 

j)      Liabilities
of VSL. VSL has no liabilities or obligations of any kind, character or description that have not been disclosed prior to the
closing,

 

    	4

    	 

    

 

 

k)      Absence
of Certain Changes or Events. From May 14, 2014 until the Closing Date, VSL has not, and without the written consent of MAXD,
it will not have:

 

1.     Sold,
encumbered, assigned let lapsed or transferred any of its material assets, including without limitation the VSL Technology, or
any other material asset of the VSL Technology;

 

2.     Made
any commitments or agreements for capital expenditures or otherwise,

 

3.     Entered
into any transaction or made any commitment not disclosed to MAXD,

 

4.     Incurred
any material obligation or liability for borrowed money against the VSL Technology,

 

5.     Suffered
any other event of any character, which is reasonable to expect, would adversely affect the future condition (financial or otherwise)
of the VSL Technology assets, or

 

6.     Released,
shared or otherwise communicated confidential and proprietary information to others unassociated with this Agreement.

 

7.     Taken
any action, which could reasonably be foreseen to make any of the representations or warranties made by or VSL untrue as of the
date of this Agreement or as of the Closing Date.

 

1)
Material Agreements. There are no outstanding Licenses to or from others of any intellectual property and trade names; and

 

m)      Litigation.
There is no suit, action or any arbitration, administrative, legal or other proceeding of any kind or character, or any governmental
investigation pending or to the best knowledge of or VSL, threatened which could create a third party interest against VSL Technology,
affecting its assets, and or VSL is not in violation of or in default with respect to any judgment, order, decree or other finding
of any court or government authority relating to the VSL Technology assets, or the transactions contemplated herein. There are
no pending or threatened actions or proceedings before any court, arbitrator or administrative agency, which would, if adversely
determined, individually or in the aggregate, materially and adversely affect the VSL Technology assets or the transaction contemplated.

 

n)      VSL
has no knowledge of any existing or threatened occurrence, action or development that could cause a material adverse effect on
VSL Technology assets, prospects or litigation procedures.

 

o)      No
Broker's Fees. VSL has not incurred any investment banking, advisory or other similar fees or obligations in connection with this
Agreement or the transactions contemplated by this agreement.

 

p)      Full
Disclosure. All representations or warranties of MAXD, and VSL are true, correct and complete in all material respects to the
best of our knowledge on the date of this Agreement and shall be true, correct and complete in all material respects as of the
Closing Date as if they were made on such date. No statement made by them in this Agreement or in the exhibits to this Agreement
or any document delivered by them or on their behalf pursuant to this Agreement contains an untrue statement of material fact
or omits to state all material facts necessary to make the statements in this Agreement not misleading in any material respect
in light of the circumstances in which they were made.

 

2.02    Representations
and Warranties of MAXD. MAXD represents and warrants to VSL that the facts set forth are true and correct.

 

a)
Organization. MAXD is a corporation duly organized, validly existing and in good standing under the laws of Delaware, is
qualified to do business as a foreign corporation in other jurisdictions in which the conduct of its business or the
ownership of its properties require such qualification, and have all requisite power and authority to conduct its business
and operate properties.

    	5

    	 

    

 

b)       Authorization.
The execution of this Agreement and the consummation of the Acquisition and the other transactions contemplated by this Agreement
have been duly authorized by the board of directors of MAXD; no other corporate action on their respective parts is necessary
in order to execute, deliver, consummate and perform their obligations hereunder; and they have all requisite corporate and other
authority to execute and deliver this Agreement and consummate the transactions contemplated by this Agreement.

 

c)       Binding
Effect. The execution, delivery, performance and consummation of the Acquisition and the transactions contemplated by this Agreement
will not violate any obligation to which MAXD is a party and will not create a default hereunder, and this Agreement constitutes
a legal, valid and binding obligation of MAXD, enforceable in accordance with its terms, except as the enforcement may be limited
by bankruptcy, insolvency, moratorium, or similar laws affecting creditor's rights generally and by the availability of injunctive
relief, specific performance or other equitable remedies.

 

d)       Litigation
Relating to this Agreement. There are no suits, actions or proceedings pending or to its knowledge threatened which seek to enjoin
the Acquisition or the transactions contemplated by this Agreement or which, if adversely decided, would have a materially adverse
effect on its business, results of operations, assets, prospects or the results of its operations of MAXD.

 

e)       No
Conflicting Agreements. Neither the execution and delivery of this Agreement nor the fulfillment of or compliance by MAXD with
the terms or provisions of this Agreement will result in a breach of the terms, conditions or provisions of, or constitute a default
under, or result in a violation of, their respective corporate charters or bylaws, or any agreement, contract, instrument, order,
judgment or decree to which it is a party or by which it or any of its assets are bound, or violate any provision of any applicable
law, rule or regulation or any order, decree, writ or injunction of any court or governmental entity which materially affects
its assets or business.

 

g)
Consents. Assuming the correctness of VSL's representations regarding VSL Technology, no consent from or approval of any court,
governmental entity or any other person is necessary in connection with its execution and delivery of this Agreement; and the
consummation of the transactions contemplated by this Agreement will not require the approval of any entity or person in order
to prevent the termination of any material right, privilege, license or agreement relating to MAXD or its assets or business.

 

i)      Full
Disclosure. All representations or warranties of MAXD are true, correct and complete in all material respects on the date of this
Agreement and shall be true, correct and complete in all material respects as of the Closing Date as if they were made on such
date. No statement made by them in this Agreement or in the exhibits to this Agreement or any document delivered by them or on
their behalf pursuant to this Agreement contains an untrue statement of material fact or omits to state all material facts necessary
to make the statements in this Agreement not misleading in any material respect in light of the circumstances in which they were
made.

 

j)      Compliance
with Laws. MAXD is in compliance with all applicable laws, rules, regulations and orders promulgated by any federal, state or
local government body or agency relating to its business and operations.

 

    	6

    	 

    

 

k)
Litigation. There is no suit, action or any arbitration, administrative, legal or other proceeding of any kind or character, or
any governmental investigation pending or, to the best knowledge of MAXI), threatened against MAXD materially affecting its assets
or business (financial or otherwise), and MAXD is not in violation of or in default with respect to any judgment, order, decree
or other finding of any court or government authority. There are no pending or threatened actions or proceedings before any court,
arbitrator or administrative agency, which would, if adversely determined, individually or in the aggregate, materially and adversely
affect its assets or business.

 

1)
MAXD has no knowledge of existing or threatened occurrences, actions and developments that could cause a material adverse effect
on MAXD or its business, assets or condition (financial or otherwise) or prospects.

 

2.03 Investment
Representations

 

Stock
Transfer Restrictions. VSL acknowledges that the MAXD Shares will not be registered and VSL will not be permitted to sell or otherwise
transfer the Shares for at least six months from the closing date in any transaction in contravention of the following legend,
which will be imprinted in substantially the following form on the stock certificate representing MAXI) Shares:

 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT'),
OR UNDER THE SECURITIES LAWS OF ANY STATE. THESE SECURITIES MAY NOT BE SOLD, OFFERED FOR SALE, ASSIGNED, TRANSFERRED OR OTHERWISE
DISPOSED OF UNLESS REGISTERED PURSUANT TO THE PROVISION OF THE ACT AND THE LAWS OF SUCH STATES UNDER WHOSE LAWS A TRANSFER OF
SECURITIES WOULD BE SUBJECT TO A REGISTRATION REQUIREMENT, UNLESS AN OPINION OF COUNSEL STATING THAT SUCH DISPOSITION IS IN COMPLIANCE
WITH AN AVAILABLE EXEMPTION FROM SUCH REGISTRATION.

 

ARTICLE
3

TRANSACTIONS
PRIOR TO CLOSING

 

3.01.
Corporate Approvals. Prior to Closing Date, each of the parties shall obtain the necessary approvals of this Agreement.

 

3.02
Access to Information. Each party agrees to permit, upon reasonable notice, the attorneys, accountants, and other representatives
of the other parties' reasonable access during normal business hours to its properties and its books and records to make reasonable
investigations with respect to its affairs, and to make its officers and employees available to answer questions and provide additional
information as reasonably requested.

 

3.03
Expenses. Each party agrees to bear its own expenses in connection with the negotiation and consummation of the Acquisition and
the transactions contemplated by this Agreement.

 

3.04
Covenants. Except as permitted in writing, each party agrees that it will:

 

a)      Use
its good faith efforts to obtain all requisite licenses, permits, consents, approvals and authorizations necessary in order to
consummate the Acquisition; and

 

b)
Notify the other parties upon the occurrence of any event which would have a materially adverse effect upon the Acquisition or
the transactions contemplated by this Agreement or upon the business, assets or results of operations; and

 

c)
Not modify its corporate structure, except as necessary or advisable in order to consummate the Acquisition and the transactions
contemplated by this Agreement.

 

    	7

    	 

    

 

ARTICLE
4

CONDITIONS
PRECEDENT

 

The
obligation of the parties to consummate the Acquisition and the transactions contemplated by this Agreement are subject to the
following conditions that may be waived, to the extent permitted by law:

 

4.01.
Each party must obtain the approval of its board of directors and/or owners and managers and such approval shall not have been
rescinded or restricted.

 

4.02.
Each party shall obtain all requisite licenses, permits, consents, authorizations and approvals required to complete the Acquisition
and the transactions contemplated by this Agreement.

 

4.03.
There shall be no claim or litigation instituted or threatened in writing by any person or government authority seeking to restrain
or prohibit any of the contemplated transactions contemplated by this Agreement or challenge the right, title and interest of
VSL in the VSL Technology or the right of VSL or MAXD to consummate the Representation Agreement contemplated hereunder.

 

4.04.
The representations and warranties of the parties shall be true and correct in all material respects at the Effective Date.

 

4.05.
The Technology and Intellectual Property will been prosecuted in good faith with reasonable diligence.

 

4.06.
MAXD shall have received, at or within 10 days of Closing Date, each of the following:

 

a)      Patent
Documents and any other indicia which may exist, representing the VSL Technology Assets by VSL;

 

b)       all
documentation and communication relating to the VSL technology, all in a form and substance reasonably satisfactory to MAXD;

 

c)      such
agreements, files and other data and documents pertaining to VSL Technology as MAXD may reasonably request;

 

d)      all
consents, assignments or related documents of conveyance to give MAXD the benefit of the transactions contemplated hereunder;

 

e)      such
other documents, instruments or certificates as MAXD, or their counsel may reasonably request.

 

    	8

    	 

    

 

ARTICLE
5

LIMITATIONS

 

5.01.
Survival of Representations and Warranties.

 

The
representations and warranties made by VSL and MAXD shall survive for a period of two years after the Closing Date, and thereafter
all such representation and warranties shall be extinguished, except with respect to claims then pending for which specific notice
has been given during such two year period.

 

5.02.
Limitations on Liability. Notwithstanding any other provision to this Agreement to the contrary, neither party to this Agreement
shall be liable to the other party for any cost, damage, expense, liability or loss until after the sum of all amounts individually
when added to all other such amounts in the aggregate exceeds $1,000 and then such liability shall apply only to matters in excess
of $1,000.

 

ARTICLE
6

REMEDIES

 

6.01
Specific Performance. Each party's obligations under this Agreement is unique. If any party should default in its obligations
under this agreement, the parties each acknowledge that it would be extremely impracticable to measure the resulting damages.
Accordingly, the non-defaulting party, in addition to any other available rights or remedies, may sue in equity for specific performance,
and the parties each expressly waive the defense that a remedy in damages will be adequate.

 

6.02
Costs. If any legal action or any arbitration or other proceeding is brought for the enforcement of this agreement or because
of an alleged dispute, breach, default, or misrepresentation in connection with any of the provisions of this agreement, the successful
or prevailing party or parties shall be entitled to recover reasonable costs (not including attorneys' fees) incurred in that
action or proceeding, in addition to any other relief to which it or they may be entitled.

 

ARTICLE
7 

ARBITRATION

 

In
the event a dispute arises with respect to the interpretation or effect of this Agreement or concerning the rights or obligations
of the parties to this Agreement, the parties agree to negotiate in good faith with reasonable diligence in an effort to resolve
the dispute in a mutually acceptable manner. Failing to reach a resolution of this Agreement, either party shall have the right
to submit the dispute to be settled by arbitration under the Commercial Rules of Arbitration of the American Arbitration Association.
The parties agree that, unless the parties mutually agree to the contrary such arbitration shall be conducted in the state in
which the defending party resides. Each party shall bear its own share of the costs of the arbitration proceeding. All awards
in arbitration made in good faith and not infected with fraud or other misconduct shall be final and binding. The arbitrators
shall be selected as follows: one by MAXD, one by VSL and a third by the two selected arbitrators. The third arbitrator shall
be the chairman of the panel.

 

ARTICLE
8 

MISCELLANEOUS

 

8.01.
No party may assign this Agreement or any right or obligation of it hereunder without the prior written consent of the other parties
to this Agreement. No permitted assignment shall relieve a party of its obligations under this Agreement without the separate
written consent of the other parties.

 

8.02.
This Agreement shall be binding upon and inure to the benefit of the parties and their respective permitted successors and assigns.

 

8.03.
Each party agrees that it will comply with all applicable laws, rules and regulations in the execution and performance of its
obligations under this Agreement.

    	9

    	 

    

 

8.04.
This Agreement shall be governed by and construct in accordance with the laws of the State of Delaware without regard to
principles of conflicts of law and governed by venue in the State of California, County of San Diego.

 

8.05.
This document constitutes a complete and entire agreement among the parties with reference to the subject matters set forth in
this Agreement. No statement or agreement, oral or written, made prior to or at the execution of this Agreement and no prior course
of dealing or practice by either party shall vary or modify the terms set forth in this Agreement without the prior consent of
the other parties to this Agreement. This Agreement may be amended only by a written document signed by the parties.

 

8.06.
Notices or other communications required to be made in connection with this Agreement shall be sent by electronic mail service,
like email, or U.S. mail, certified, return receipt requested, personally delivered or sent by express delivery service and delivered
to the parties at the addresses set forth below or at such other address as may be changed from time to time by giving written
notice to the other parties.

 

If:
Greg Halpern                               If: Constance Nash

Max
Sound Corp.                            VSL Communications

 

8837
Villa La Jolla Drive                Great Eagle Centre, 21st Floor,

La
Jolla, CA 92039                          23 Harbour Road, Wanchai, Hong Kong

 

8.07.
The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other
provision of this Agreement.

 

8.08.
This Agreement, which supersedes all previous agreements, may be executed in multiple counterparts, each of which shall constitute
one and a single Agreement.

 

8.09.
Any facsimile or email version including scanned signature of any part to this Agreement or to any other agreement or document
executed in connection of this Agreement should constitute a legal, valid and binding execution by such parties.

 

    	10

    	 

    

  

IN
WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed by a duly authorized officer of each party.

 

	Max
    Sound Corp.	 	VSL
    Communications	 
	 	 	 	 
	/s/Greg
    Halpern	 	/s/
    Constance Nash	 
	Chairman
    & CFO	 	President	 

 

	Witness	 
	 	 
	/s/Paul
    Myer	 
	Director
    of Operations	 

 

    	 

    	 

    

 

EXHIBIT
A

 

LIST
OF VSL DELIVERABLES

 

SUPPORTING
DOCUMENTATION

Deliverables
(A Full Set of all Documents of VSL)

List
of Patents

Copy
of Each Patent

Country
/ Territory,

Date
filed, Date granted,

Expiration
Date

 

VSL
Source Code

Related
documentation for code

API
or associated implementation software

Margin
Notes Claim and Additional Claims, NDA's, etc. - -Originals"

ALL
Associated communications (Physical or digital)

Any
other documents necessary to pursue the pre-approved claims

Original
Study / Paper written by Dr. Prof. Sikora

Contact
information for Dr. Prof. Sikora

Communications,
Agreement to do Sikora report, proof of payment, etc.

Qualcomm

ALL
Associated communications (Physical or digital)

H264

ALL
Associated communications (Physical or digital)

Other

Any
other documents necessary to fulfill the agreementExhibit 10.16

 

MAX-D

AUDIO
PERFECTED

Max
Sound Corporation 2902a Colorado Avenue Santa Monica, CA 90404

MAX-D
API AUDIO PROCESSOR

License
Subscription Agreement

HARDWARE,
API CODE, PATENT, COPYRIGHT, TRADEMARK, TRADE SECRET AND KNOW-HOW

AN
AGREEMENT BY AND BETWEEN

 

	MAX
    SOUND CORPORATION	AND	LOOKHU
	(hereinafter
    called "LICENSOR")	 	(hereinafter
    called "LICENSEE")
	of
    2902A Colorado Avenue	 	8560
    Sunset Blvd, Suite 500
	Santa
    Monica, CA 90404	 	Los
    Angeles, CA 90069

Address
of LICENSEE for communications not otherwise specified:

	Licensee
    Name:	LOOKHU
	Attention:	Byron
    Booker
	Address:	8560
    Sunset Blvd, Suite 500
		Los
    Angeles, CA 90069 
	Telephone:	310.251.8238

LICENSOR's
bank and account number for wire transfer of royalty payments:

	Bank:	Bank
of America
	Bank
    Address: 	3535
    Del Mar Heights Road San Diego, CA 92130
	Bank
    Telephone: 	
	Account
    Name:	858-794-3440

Max
    Sound Corporation
	Account
    Address: 	10685
    B Hazelhurst Drive Houston, TX 77043 
	Account
    Number:	2351376568
	ABA
    Number:	026009593

 

SIGNATURES:

 

	On
    behalf of:	LICENSOR	LICENSEE
	Signature	/s/Greg
    Halpern	/s/Byron
    Booker
	Name:	Greg
    Halpern	Byron
    Booker
	Title:	Chairman
    / CFO	COO
	Date:	06
    / 16 / 2014	 
	Witnessed
    by Name:	Paul
    Myers	Barry
    Johnson
	Witnessed
by Signature:

                                                                                 
	/s/Paul
    Myers	/s/Barry
    Johnson

 

 

Effective
Date of Agreement: June 16, 2014

 

    	 

    	 

    

 

 

APPENDIX
F — LICENSE & ROYALTY AMOUNT SCHEDULE

Table
Dl— Guaranteed Quarterly Minimum Royalty Payment Schedule — (WAIVED

 

	LICENSE
                                         FEE: Upon execution of this Agreement, LICENSEE will pay to LICENSOR an upfront license
                                         fee of Waived, followed by Fee Waived monthly payments of
                                         Waived thereafter, for a total of Waived.

         
	MONTHLY
                                         ROYALTY FEE: LICENSEE will pay LICENSOR $.25 per month per paid subscription to the
                                         Licensed Product and 4% of the Net Revenue collected by LICENSEE from advertising on
                                         the Licensed Product. Net Revenue shall mean
                                         all advertising revenue actually collected by LICENSEE from advertising on the Licensed
                                         Product minus all customary deductions in the advertising industry including artist revenue
                                         sharing and sales commissions, but specifically not including fixed costs such as overhead.
                                         All payments hereunder relating to subscriptions are due LICENSOR 15 business days after
                                         the last day of the month in which they were collected (aka 4-week period), while payments
                                         on advertising shall be due LICENSOR 15 business days after the last day of the applicable
                                         quarter in which they were collected (aka 3 month period).

        TERM:
        This Fee structure shall remain in place for the life of the agreement, unless the parties mutually agree in
        writing to other terms in the future.

         

	Q1

         
	Q2

         
	Q3

         
	Q4

         
	45

         
	46

         
	Q7

         
	Q8Total

         

	$
    Waived	$
    Waived	$
                                         Waived

         
	$
                                         Waived

         
	$
                                         Waived

         
	$
                                         Waived

         
	$
                                         Waived

         
	$
                                         Waived

         

 

APPENDIX
G — REVENUE SHARE AMOUNT SCHEDULE FOR MUSIC SALES

 

Email
address of LICENSOR for transmission of monthly royalty reports: greg@maxsound.com

 

	REVENUE
SHARE: The current proposed Revenue Share is from the sales of digital music or songs, from a Music Store Website area that
is associated to the LOOKHU software player.

                                                                                                                                                                                    

                                                                                                                                                                                   Licensor
and Licensee agree to split Net Revenue 50/50 after Non-Recurring Engineering costs (NRE), cost of goods sold (COGS) and transaction
fees are deducted. 
	PAYMENT
SCHEDULE: Licensor will pay Licensee monthly with an accounting of receipts.

                                                                                                                                                                                                                                                       

                                                                                                                                                                                                                                                      TERM: This Fee structure shall remain in
place for the life of the agreement, unless the parties mutually agree in writing to other terms in the future.

         

 

    	2

    	 

    

 

INDEX

Preamble

1.    
DEFINITIONS

1.1.
- "LICENSOR"

1.2.
-"LICENSEE"

1.3.
-"Intellectual Property" 1.4. -"MAXD API"

1.5.
- "MAXD API Specification" 1.6. - "Licensed Trademark" 1.7. - "Licensed Product"

1.8 -
"Licensed Deliverables" 1.9 - "Derivative Works"

1.10
- "Licensed Works"

1.11
- "Know How"

1.12
- "Sensitive Information" 1.13 - "Licensor's Trademarks" 1.14 - "License Fee"

1.15
- "Other-Trademark Purchaser" 1.16 - "Effective Date"

2.    
LICENSES GRANTED

3.    
OTHER OBLIGATIONS OF LICENSEE AND LICENSOR 3.1 - Use of Licensed Trademarks

3.2
- Ownership of the Licensed Trademarks

3.3-
Maintenance of Trademark Rights

3.4
- Trademark Enforcement

3.5
- Other-Trademark Purchasers

3.6
- Copyright Notice

3.7
- License Notice

3.8 -
Furnishing of Deliverables and Know-How

3.9 -
Use of Know-How and Sensitive Information 3.10 - Confidential Material

4.    
PAYMENTS

4.1 -
Initial Payment 4.2 - Royalties

4.3
- Payments amd Statements

4.4
- Revenue Share

4.5
- Books and Records

4.6
- Rights of Inspecting Books and Records

5.          
STANDARDS OF MANUFACTURE AND QUALITY 5.1
- Standardization and Quality

5.2
- Right to Inspect Quality

6.    
TERMINATION AND EFFECT OF TERMINATION 6.1 - Expiration of Agreement

6.2
- Termination For Cause

6.3
- Effect of Termination

7.    
LIMITATIONS OF RIGHTS AND AUTHORITY

7.1
- Limitation of Rights

7.2
- Limitation of Authority

7.3
- Disclaimer of Warranties and Liability; Hold Harmless 7.4 - Limitation of Assignment by LICENSEE

7.5
- Compliance with U.S. Export Control Regulations

8. 
MISCELLANEOUS PROVISIONS 8.1-
Language of Agreement; Language of Notices

8.2 - Stability
of Agreement 83 - Public Announcements 8.4 - Address of LICENSEE and LICENSOR for all Other Communications

8.5
- Applicable Law

8.6
- Choice of Forum; Attorneys' Fees

8.7 -
Construction of Agreement 8.8 - Captions

8.9 -
Singular and Plural 8.10 - Complete Agreement 8.11 - Severability

8.12
- Company Representation and Warranty

8.13
- Execution

9.
APPENDICES

Appendix
A - MAX SOUND MAX-D API AUDIO PROCESSOR

Appendix
B - TYPICAL SPECIFICATIONS FOR MAX SOUND MAX-D API

Appendix
C — MAX SOUND MAX-D API LICENSEE INFORMATION MANUAL

Appendix
0— MAX SOUND logos and trademarks

Appendix
E — Deliverables

Appendix
F - LICENSE and ROYALTY SCHEDULE AMOUNT (located on second page)

Appendix
G - REVENUE SHARE AMOUNT SCHEDULE FOR MUSIC SALES (located on second page)

 

    	3

    	 

    

 

LICENSE
AGREEMENT

 

WHEREAS,
LICENSOR is an innovator in the field of audio signal processing systems and has developed applications directed to improvements
and enhancements in audio recording, playback, and related areas;

 

WHEREAS,
LICENSOR desires to license certain of its Intellectual Property and know-how, specified herein, to LICENSEE for use with certain
of LICENSEE'S products, specified herein; and

 

WHEREAS,
LICENSEE is engaged in distributing content;

 

WHEREAS,
LICENSEE represents that it can develop a substantial market for content and services identified with LICENSOR's trademarks
and using LICENSOR'S licensed technology as provided herein;

 

WHEREAS,
LICENSOR is willing to grant LICENSEE a license under the terms and conditions set forth in this Agreement.

 

NOW,
THEREFORE, LICENSOR and LICENSEE agree as follows:

 

SECTION
1- DEFINITIONS

 

1."LICENSOR"
means MAX SOUND CORPORATION, a Delaware corporation, with its principle place of business in Santa Monica, California, and its
successors and assigns.

 

2."LICENSEE"
means any entity so identified in this Agreement and its successors and assigns.

 

3."Intellectual
Property" means all patent, trademark, copyright and trade secret rights recognized by law in connection with this Agreement.

 

4."MAX-D
API" means an API (Application Programming Interface) version of LICENSOR's Intellectual Property protected and protectable
and/or proprietary audio processing system that is suitable for use in appropriate platforms with different products, such as
the Licensed Product, to achieve audio improvement and enhancement.

 

5."MAX-D
API Specification" means the specifications for the MAX-D API, which include the MAX-D API operating parameters as specified
in Appendix B entitled "MAX-D API," and the "Specifications for MAX SOUND MAX-D API" as specified in Appendix
C, of this Agreement.

 

6."Licensed
Trademark" means one or more of the following:

a.
the word mark "MAX-D" and MAX SOUND

b.
the MAX-D Logo, which is also referred to as the "MAX-D symbol", depicted in Appendix D of this Agreement)

c.
The Max-D trade dress corresponding to its "look and feel"

 

7."Licensed
Product" means a complete ready-to-use professional software or hardware package which:

1.
contains one MAX-D AUDIO PROCESSOR API;

2.
is designed to encode audio channels from digital or analog sources into a MAX-D processed bit stream when running on a suitable
hardware platform;

3.
is used as an audio processor in LOOKHU's licensed internal processing server and delivered via the LOOKHU's licensed player,
network, owned or otherwise operated by LICENSEE.

 

    	4

    	 

    

 

Processors
that execute the MAX-D API in Licensed Products must be certified by LICENSOR as adequate to perform the required function. There
will be no stand-alone software package including the MAX-D API made available other than the Licensed Product.

 

8."Licensed
Works" shall mean all licensed rights owned by LICENSOR, or owned by others to which MAX SOUND has a right to sublicense,
which may be used for the development, design, manufacture, sale, or other use of Licensed Products.

 

9."Derivative
Works" - shall mean any product, processes or other works derived from or based on any of the Licensed Works regardless of
format or form.

 

10."LICENSOR
Deliverables" shall mean any and all items delivered by LICENSOR to LICENSEE which enable LICENSEE to design and test Licensed
Products, including:

 

a.
MAX-D API audio processor code in "C++", of the current revision,

b.
Documentation accompanying said code,

 

11."Know-How"
means Intellectual Property protected and protectable information, as well as skills, experience, and other know-how, recorded
or unrecorded, accumulated and owned by either party, relating to the Licensed Products, including designs, drawings, reports,
memoranda, blue-prints, specifications.

 

12."Sensitive
Information" means Know-How, and proprietary business information including marketing information, product plans, business
plans, royalty, and sales information, customer lists and the like.

 

13."LICENSOR's
Trademarks" means any trade name, logo, service mark or trade dress used and/or owned by LICENSOR.

 

14.License
Fee means a license fee corresponding to the processing of LICENSEE's licensed audio content manufactured, used, leased, sold
or otherwise disposed of by LICENSEE.

 

15."Other-Trademark
Purchaser" means any customer of LICENSEE who, with LICENSEE's knowledge, intends to resell, use or lease the Licensed Products
under a trademark other than LICENSOR's Trademarks.

 

16."Effective
Date" means the effective date of this Agreement and is the date of execution this Agreement, or, if this Agreement requires
validation by any governmental or quasi-governmental body, the "Effective Date" is the date of validation of this Agreement.

 

SECTION
2 - LICENSES GRANTED

 

LICENSOR
hereby grants LICENSEE an individual non-transferable, indivisible and non-exclusive worldwide license as set forth in this Agreement.

 

1.   
LICENSEOR hereby grants LICENSEE the right, but not the obligation, to embed, upload, make and/or use, but not modify, the MAX-D
API audio processor on LICENSEE's application, for the sale of the Licensed Product to end users (either directly or through third
party distributors), for such end users use of the MAX-D API audio processor in day to day use of the Licensed Product. LICENSOR
further grants LICENSEE the right, subject to the terms and conditions of this Agreement, to market and promote the Intellectual
Property and its availability on the Licensed Product.

2.   
LICENSOR further grants LICENSEE the right to distribute but not modify, the Licensed Works in order to make available to end
users the Licensed Works via the Licensed Product.

3.   
LICENSEE can use, but not modify, the Licensed Works (including the MAX SOUND MAX-D API audioprocessor) in order to process their
licensed content in MAX-D and can run on Licensed Products, for processors designated as adequate by LICENSOR.

 

    	5

    	 

    

 

		a.	To
                                                                                                                                market,
                                                                                                                                sell,
                                                                                                                                distribute,
                                                                                                                                maintain,
                                                                                                                                and
                                                                                                                                support
                                                                                                                                the
                                                                                                                                Derivative
                                                                                                                                Works
                                                                                                                                in
                                                                                                                                API
                                                                                                                                format
                                                                                                                                only.

		b.	Notwithstanding
                                                                                                                                the
                                                                                                                                licenses
                                                                                                                                granted
                                                                                                                                above,

		a.	no
                                                                                                                                                     license
                                                                                                                                                     is
                                                                                                                                                     granted
                                                                                                                                                     under
                                                                                                                                                     this
                                                                                                                                                     Agreement
                                                                                                                                                     to
                                                                                                                                                     lease,
                                                                                                                                                     sell,
                                                                                                                                                     transfer,
                                                                                                                                                     or
                                                                                                                                                     otherwise
                                                                                                                                                     dispose
                                                                                                                                                     of
                                                                                                                                                     any
                                                                                                                                                     subset
                                                                                                                                                     or
                                                                                                                                                     portion
                                                                                                                                                     of
                                                                                                                                                     a
                                                                                                                                                     Licensed
                                                                                                                                                     Product,
                                                                                                                                                     partially
                                                                                                                                                     assembled
                                                                                                                                                     products,
                                                                                                                                                     products
                                                                                                                                                     in
                                                                                                                                                     kit
                                                                                                                                                     form,
                                                                                                                                                     and
                                                                                                                                                     knocked-down
                                                                                                                                                     or
                                                                                                                                                     semi-knocked-down
                                                                                                                                                     products;

		b.	no
                                                                                                                                                     license
                                                                                                                                                     is
                                                                                                                                                     granted
                                                                                                                                                     under
                                                                                                                                                     this
                                                                                                                                                     Agreement
                                                                                                                                                     to
                                                                                                                                                     use
                                                                                                                                                     any
                                                                                                                                                     Licensed
                                                                                                                                                     Trademark
                                                                                                                                                     in
                                                                                                                                                     connection
                                                                                                                                                     with
                                                                                                                                                     offering
                                                                                                                                                     for
                                                                                                                                                     sale
                                                                                                                                                     or
                                                                                                                                                     in
                                                                                                                                                     advertising
                                                                                                                                                     and/or
                                                                                                                                                     informational
                                                                                                                                                     material
                                                                                                                                                     relating
                                                                                                                                                     to
                                                                                                                                                     any
                                                                                                                                                     Licensed
                                                                                                                                                     Product
                                                                                                                                                     which
                                                                                                                                                     is
                                                                                                                                                     not
                                                                                                                                                     marked
                                                                                                                                                     as
                                                                                                                                                     provided
                                                                                                                                                     in
                                                                                                                                                     this
                                                                                                                                                     Agreement;

		c.	no
                                                                                                                                                     license
                                                                                                                                                     is
                                                                                                                                                     granted
                                                                                                                                                     under
                                                                                                                                                     this
                                                                                                                                                     Agreement
                                                                                                                                                     with
                                                                                                                                                     respect
                                                                                                                                                     to
                                                                                                                                                     the
                                                                                                                                                     use
                                                                                                                                                     of
                                                                                                                                                     any
                                                                                                                                                     Licensed
                                                                                                                                                     Trademark
                                                                                                                                                     on
                                                                                                                                                     or
                                                                                                                                                     in
                                                                                                                                                     connection
                                                                                                                                                     with
                                                                                                                                                     products
                                                                                                                                                     other
                                                                                                                                                     than
                                                                                                                                                     Licensed
                                                                                                                                                     Products;

		d.	no
                                                                                                                                                     right
                                                                                                                                                     is
                                                                                                                                                     granted
                                                                                                                                                     with
                                                                                                                                                     respect
                                                                                                                                                     to
                                                                                                                                                     LICENSOR's
                                                                                                                                                     Intellectual
                                                                                                                                                     Property,
                                                                                                                                                     except
                                                                                                                                                     with
                                                                                                                                                     respect
                                                                                                                                                     to
                                                                                                                                                     the
                                                                                                                                                     use
                                                                                                                                                     of
                                                                                                                                                     said
                                                                                                                                                     property
                                                                                                                                                     as
                                                                                                                                                     provided
                                                                                                                                                     in
                                                                                                                                                     this
                                                                                                                                                     Agreement
                                                                                                                                                     on
                                                                                                                                                     and
                                                                                                                                                     in
                                                                                                                                                     connection
                                                                                                                                                     with
                                                                                                                                                     Licensed
                                                                                                                                                     Products;
                                                                                                                                                     and

		e.	no
                                                                                                                                                     license
                                                                                                                                                     is
                                                                                                                                                     granted
                                                                                                                                                     to
                                                                                                                                                     sell,
                                                                                                                                                     distribute,
                                                                                                                                                     lease,
                                                                                                                                                     rent
                                                                                                                                                     or
                                                                                                                                                     otherwise
                                                                                                                                                     dispose
                                                                                                                                                     of
                                                                                                                                                     Licensed
                                                                                                                                                     Derivative
                                                                                                                                                     Works
                                                                                                                                                     that
                                                                                                                                                     are
                                                                                                                                                     not
                                                                                                                                                     linked
                                                                                                                                                     to
                                                                                                                                                     the
                                                                                                                                                     sale
                                                                                                                                                     of
                                                                                                                                                     a
                                                                                                                                                     specific
                                                                                                                                                     Licensed
                                                                                                                                                     Product;
                                                                                                                                                     and

		f.	no
                                                                                                                                                     right
                                                                                                                                                     to
                                                                                                                                                     grant
                                                                                                                                                     sublicenses
                                                                                                                                                     other
                                                                                                                                                     than
                                                                                                                                                     end-user
                                                                                                                                                     licenses
                                                                                                                                                     specifically
                                                                                                                                                     allowed
                                                                                                                                                     under
                                                                                                                                                     Section
                                                                                                                                                     2
                                                                                                                                                     is
                                                                                                                                                     granted
                                                                                                                                                     under
                                                                                                                                                     this
                                                                                                                                                     Agreement.

			

 SECTION
3- OTHER OBLIGATIONS OF THE LICENSOR AND LICENSEE

 

		3.1	–
                                                                                                                                       Use
                                                                                                                                       of
                                                                                                                                       Licensed
                                                                                                                                       Trademarks

 

		1.	LICENSEE's
                                                                                                                          use
                                                                                                                          of the
                                                                                                                          LICENSOR'S
                                                                                                                          Intellectual
                                                                                                                          Property
                                                                                                                          rights
                                                                                                                          shall
                                                                                                                          be subject
                                                                                                                          to the
                                                                                                                          obligations
                                                                                                                          of this
                                                                                                                          Agreement
                                                                                                                          as well
                                                                                                                          as additional
                                                                                                                          provisions,
                                                                                                                          which
                                                                                                                          LICENSOR
                                                                                                                          may
                                                                                                                          issue
                                                                                                                          from
                                                                                                                          time
                                                                                                                          to time
                                                                                                                          subject
                                                                                                                          to the
                                                                                                                          following
                                                                                                                          procedure:

 

I)
LICENSOR shall provide reasonable advance notice of any additional provisions which LICENSOR desires to incorporate into this
Agreement;

 

II)If
LICENSEE does not object to such provisions in writing within ten (10) days of receipt of such notice, said provisions shall be
incorporated into this Agreement within a reasonable time of receipt of notice;

 

III)
If LICENSEE notifies LISENSOR that LICENSEE objects to any additional provisions that LICENSOR desires to incorporate, the parties
shall negotiate in good faith a mutually agreeable compromise;

 

IV)
In the event that the parties cannot mutually agree with respect to such additional provisions, either party may terminate this
Agreement upon ninety (90) days prior written notice.

 

		2.	LICENSEE
                                                                                                                          shall
                                                                                                                          comply
                                                                                                                          with
                                                                                                                          the
                                                                                                                          requirements
                                                                                                                          of the
                                                                                                                          terms
                                                                                                                          of this
                                                                                                                          Agreement
                                                                                                                          and,
                                                                                                                          subject
                                                                                                                          to Section
                                                                                                                          3.1
                                                                                                                          above,
                                                                                                                          such
                                                                                                                          additional
                                                                                                                          provisions
                                                                                                                          as LICENSOR
                                                                                                                          may
                                                                                                                          issue
                                                                                                                          from
                                                                                                                          time
                                                                                                                          to time,
                                                                                                                          and
                                                                                                                          shall,
                                                                                                                          take
                                                                                                                          all
                                                                                                                          commercially
                                                                                                                          reasonable
                                                                                                                          measures,
                                                                                                                          and
                                                                                                                          subject
                                                                                                                          to all
                                                                                                                          applicable
                                                                                                                          laws,
                                                                                                                          ensure
                                                                                                                          that
                                                                                                                          its
                                                                                                                          subsidiaries,
                                                                                                                          agents,
                                                                                                                          distributors,
                                                                                                                          and
                                                                                                                          dealers
                                                                                                                          throughout
                                                                                                                          the
                                                                                                                          world
                                                                                                                          comply
                                                                                                                          with
                                                                                                                          such
                                                                                                                          requirements.

 

		3.	LICENSEE
                                                                                                                          shall,
                                                                                                                          to the
                                                                                                                          extent
                                                                                                                          commercially
                                                                                                                          reasonable,
                                                                                                                          prominently
                                                                                                                          mark
                                                                                                                          the
                                                                                                                          user
                                                                                                                          interface
                                                                                                                          to the
                                                                                                                          Licensed
                                                                                                                          Product
                                                                                                                          in the
                                                                                                                          following
                                                                                                                          way:
                                                                                                                          "MAX-D,
                                                                                                                          Audio
                                                                                                                          Perfected"
                                                                                                                          as shown
                                                                                                                          in the
                                                                                                                          logo
                                                                                                                          in Appendix
                                                                                                                          D.

 

4.The
mark identified in Section 3, may also be used at least once in a prominent manner in all advertising and promotions for such
Licensed Products; to the extent commercially reasonable, such usages shall be no less prominent and in the same relative size
and proportion as the most prominent third party other trademark(s) appearing on such Licensed Product or in the advertising and
promotion thereof.

 

    	6

    	 

    

 

5.LICENSEE
may not use the Licensed Trademarks in advertising and promotion of a product not marked in accordance with the requirements of
this Section.

 

6.In
every instance of use of a Licensed Trademark, LICENSEE shall provide public notice that such Licensed Trademark is a trademark
by using the superscript letters "'I" after the respective trademark, or, in case of a registered mark, by use of the
trademark registration symbol "®" (the capital letter R enclosed in a circle) as a superscript after the respective
trademark. LICENSOR shall inform LICENSEE as to which notice form is used and shall provide a digital file (in .jpeg format, or
such other format as mutually agreed to by the parties) of the same. Use of the above referenced file by LICENSOR shall be deemed
compliance with this Section.

 

7.LICENSEE
shall use its commercially reasonable efforts to ensure that the appropriate trademark notices, as set forth in this Section,
appear in advertising or promotion at the retail level.

 

8.LICENSOR's
ownership of Licensed Trademarks shall be prominently disclosed and indicated in each instance of use by LICENSEE, whether use
is on a product or on descriptive, instructional, advertising, or promotional material, by the most relevant of the following
identifications:

a.
'MAX-D' is a trademark of MAX SOUND",

b.
"The logo symbol is a trademark of MAX-D",

c.
"MAX SOUND' and "MAX-D" are trademarks of MAX SOUND."

 

On
Licensed Products or Appropriate Electronic Web Pages and/or Customer Interfaces, such words may be used on an exposed surface
and at the beginning and end of a MAX-D processed video. LICENSEE shall use commercially reasonable efforts to ensure that such
an acknowledgment appears in advertising at the retail level.

 

9.Licensed
Trademarks shall always be used in accordance with all applicable laws and regulations pertaining to their use.

 

10.In
no event shall LICENSEE use the Licensed Trademark in any way that suggests or connotes that it is a common, descriptive or generic
designation. Whenever "MAX SOUND" or "MAX-D" is used, the letters shall be upper-case. "MAX SOUND"
or "MAX-D" shall only be used as an adjective referring to an audio product and shall not be used as a noun or in any
other usage, which may be associated with a generic use of the terms. In descriptive, instructional, advertising, or promotional
material or media relating to Licensed Products, LICENSEE must use the Licensed Trademarks and expressions which include the Licensed
Trademark "MAX SOUND" or "MAX-D" is used, with an appropriate generic or descriptive term (e.g. "powered
by MAX SOUND", "MAX-D HD AUDIO", etc.), with reference to Licensed Products and their use.

 

11.All
uses of the Licensed Trademarks are subject to reasonable approval by LICENSOR. LICENSOR reserves the right to require LICENSEE
to submit proposed uses to LICENSOR for written approval prior to actual use, provided that failure to timely respond to a submission
shall be deemed approval. Upon request of LICENSOR, LICENSEE shall submit to LICENSOR samples of its own usage of the Licensed
Trademarks and usage of the Licensed Trademarks by its subsidiaries, agents, distributors, and dealers.

 

12.Licensed
Trademarks shall be used in a manner that appropriately distinguishes them from other trademarks, service marks, symbols or trade
names, including LICENSEE's Trade Name and Trademarks.

 

13.LICENSEE
may only use the Licensed Trademarks on and in connection with products that meet LICENSOR's quality standards.

 

14.LICENSEE
may not use the Licensed Trademarks on and in connection with products other than Licensed Products.

 

    	7

    	 

    

 

3.2
- Ownership of the Licensed Trademarks

 

15.LICENSEE
acknowledges the validity and exclusive ownership by LICENSOR of the Licensed Trademarks.

 

16.LICENSEE
acknowledges that it neither owns nor claims any rights in the Licensed Trademarks and will not file any application for registration
of the Licensed Trademarks, or any names or marks confusingly similar to the Licensed Trademarks, anywhere in the world.

 

3.3
- Maintenance of Trademark Rights

 

17.The
expense of obtaining and maintaining Licensed Trademark registrations shall be borne by LICENSOR. LICENSOR, as it deems necessary,
will advise LICENSEE of the grant of registration of such trademarks. LICENSEE and LICENSOR will comply with all applicable laws
and requirements pertaining to the maintenance of the Licensed Trademarks, including the marking with notice of registration and
the recording of LICENSEE as a registered or licensed user of such trademarks. The expense of registering or recording LICENSEE
as a registered user or otherwise complying with the laws of any country pertaining to such registration or the recording of trademark
agreements shall be borne by LICENSOR. LICENSEE shall advise LICENSOR of all countries where Licensed Products are sold, leased
or used.

 

3.4
- Trademark Enforcement

 

18.LICENSEE
shall immediately inform LICENSOR of all infringements, potential or actual, which it may learn of, of the Licensed Trademarks.
It shall be the exclusive responsibility of LICENSOR, at its own expense, to terminate, compromise, or otherwise act at its discretion
with respect to such infringements. LICENSEE agrees to reasonably cooperate with LICENSOR by furnishing, without charge, except
out-of-pocket expenses, such evidence, documents and testimony as may be required therein.

 

3.5
 Other-Trademark Purchasers

 

19.To
the extent only that technical standardization, equipment or signal source interchangeability, product identification and usage
of the Licensed Trademarks are affected, the following conditions shall apply if LICENSEE sells or leases Licensed Products on
a mass basis to an Other-Trademark Purchaser who does not hold a license with terms and conditions substantially similar to this
Agreement. LICENSEE shall inform LICENSOR of the name, place of business, trademarks, and trade names of the Other-Trademark Purchaser
before such Other-Trademark Purchaser sells, leases, or uses Licensed Products. LICENSEE shall obtain agreement from such Other-Trademark
Purchaser not to modify, install, use, lease, sell, provide written material for or about, advertise, or promote Licensed Products
in any way which is in conflict with any provision of this Agreement. It shall be the responsibility of LICENSEE to inform the
Other-Trademark Purchaser of the provisions of this Agreement, to notify such Other- Trademark Purchaser that the provisions of
this Agreement shall be applicable, through LICENSEE, in the same way as if the Licensed Products were sold by LICENSEE under
LICENSEE's Trade Names and Trademarks, to ensure by all reasonable means that such provisions are adhered to and, if requested
by LICENSOR, to provide to LICENSOR samples on a loan basis of the Other-Trademark Purchaser's embodiment of the Licensed Products,
as well as copies of such Other-Trademark Purchaser's advertising, public announcements, literature, instruction manuals, and
the like.

 

		3.6	-
                                                                                                                                    Copyright
                                                                                                                                    Notice

 

20.
As applicable, LICENSEE shall provide the following copyright notice to all public distributions and disclosures of its LICENSE
under this Agreement.

 

This
product contains "MAX-D HD AUDIO" protected under international and U.S. copyright laws. It's reproduction or disclosure,
in whole or in part, or the production of works directly or indirectly derived therefrom without the express permission of MAX
SOUND is prohibited. © 2010-2014 MAX SOUND Corporation. All rights reserved.

 

    	8

    	 

    

 

	3.7	-
                                                                                                License Notice

 

	21.	On
                                      all Licensed Products, LICENSEE shall acknowledge that MAX SOUND is used under license from
                                      LICENSOR.The following notice shall be provided by LICENSEE within the Licensed Products
                                      application: "MAX-D HD AUDIO' under license from MAX SOUND". Such notice shall
                                      also be used in all instruction and servicing manuals.

 

3.8
- Furnishing of Licensor Deliverables and Know-How

 

22.
Subject to export regulations and provisions of the United States government or any other applicable domestic or foreign jurisdiction,
LICENSOR will promptly, following the Effective Date, furnish to LICENSEE:

 

a.
The Licensor Deliverables, copies of all documents and things evidencing the Know-How;

b.
Upon request by LICENSEE, provide, as LICENSOR deems reasonable, NRE (Non-Recurring Engineering costs) consulting services regarding
design considerations and general advice relating to the Licensed Products and the sale and use thereof, for all of which LICENSEE
will also reimburse LICENSOR for travel and reasonable per diem expenses if applicable: and

c.
Such other reasonable assistance, material, information and so on, as may be reasonably necessary for LICENSOR to deliver the
Licensed Product application with MAX-D API to consumers as contemplated under this Agreement.

 

3.8
- Use of Know-How and Sensitive Information

 

By
LICENSEE

 

23.LICENSEE
shall use all Know-How and Sensitive Information solely for the purpose of manufacturing and selling Licensed Products under this
Agreement and shall not use such information in an unauthorized way, and shall not divulge such Know-How or Sensitive Information
or any portion thereof to third parties, unless such Know-How or Sensitive Information (a) was known to LICENSEE prior to its
obtaining the same from LICENSOR; (b) becomes known to LICENSEE from sources other than either directly or indirectly from LICENSOR;
or (c) becomes public knowledge other than by breach of this Agreement by LICENSEE.

 

24.Upon
termination of this Agreement, with respect to Know-How or Sensitive Information, LICENSEE shall promptly return to LICENSOR,
at LICENSEE's expense, all documents and things supplied to LICENSEE as Know-How, as well as all copies and reproductions thereof.

 

By
LICENSOR

25.LICENSOR
hereby agrees that throughout the term of this Agreement it shall not divulge to third parties, nor use in any unauthorized way
Confidential Information and Know-How belonging to LICENSEE, unless such information (a) was known to LICENSOR prior to its obtaining
the same from LICENSEE; (b) becomes known to LICENSOR from sources other than either directly or indirectly from LICENSEE, or
(c) becomes public knowledge other than by breach of this Agreement by LICENSOR; or (d) is independently developed by LICENSOR.
The obligations of this Section shall cease three (3) years from the date on which such know-how or confidential information is
acquired by LICENSOR from LICENSEE under this Agreement.

 

3.10
- Confidential Material

26.All
Deliverables by either party to the other are confidential and will be treated as such the receiving party and all that are under
its direction and control. Each party agrees to reproduce and/or internally disseminate these materials only on an "as needed"
basis to the extent necessary according to the terms of the Agreement and to obtain confidentiality agreements from those to whom
it provides such information. Neither party shall disclose such information to individuals or entities that do not maintain an
employment or work for hire relationship with the receiving party. Each party shall keep a record of each copy made of such information
and shall permit the other to access to said record at times and places as reasonably necessary.

 

    	9

    	 

    

 

SECTION
4- PAYMENTS

4.1
- Initial Payment

4.2
- Royalties (WAIVED)

2. Subject
to the provisions of this section, LICENSEE shall pay to LICENSOR
royalties on Licensed Products, which are processed by LICENSEE. The royalty payable shall be based on Waived Percent of the GROSS
Revenue generated by LICENSEE in successive calendar months from the effective date hereof, as detailed in the schedule given
in Appendix D of this Agreement. Subject to the provisions of this section, LICENSEE shall pay to LICENSOR royalties on the Derivative
Works processed by or for LICENSEE and incorporated in Licensed Products which are used, sold, leased, or otherwise disposed of
by LICENSEE. The royalty payable shall be based on the schedule as detailed in hereinbefore defined, contained in Licensed
Products, which are processed, by LICENSEE in successive calendar months from the effective date hereof, based on the schedule
given in Appendix D of this Agreement.

 

4.3
- Payments and Statements

 

3.Unless
provided otherwise in this Agreement, LICENSEE shall render statements and payments as follows:

a.LICENSEE
shall deliver to the address shown on the cover sheet of this Agreement or such place as LICENSOR may from time to time designate,
monthly or quarterly, as applicable, reports certified by LICENSEE's chief financial officer or the officer's designate within
15 days after each month end.

b.Alternatively,
such reports may be delivered by emailing them to LICENSOR's email address shown on the cover sheet of this Agreement or such
other physical or electronic addresses as LICENSOR may from time to time designate. Royalty payments are due for each month or
quarter, as applicable, at the same time as each monthly or quarterly report, as applicable, and shall be made by wire transfer
in United States funds to LICENSOR's bank as identified on the cover sheet of this Agreement or such other bank as LICENSOR
may from time to time designate. LICENSEE shall pay all local fees, taxes, duties, or charges of any kind and shall not deduct
them from the royalties due unless such deductions may be offset against LICENSOR's own tax liabilities. Each monthly or quarterly
report, as applicable, shall contain such information as is reasonably necessary to substantiate any payments due hereunder.

c.Any
remittance in excess of royalties due with respect to the calendar month for which the report is due shall be applied by LICENSOR
to the next payment due.

d.
LICENSEE's first report shall be for the month following
payment for the first subscription (or advertising revenue actually received) of Licensee's Licensed Product following execution
of this Agreement.

e.LICENSEE
shall deliver a final report and payment of royalties to LICENSOR certified by LICENSEE's chief financial officer or the officer's
designate within 30 days after termination of this Agreement throughout the world. Such a final report shall include a report
of all royalties due with respect to Licensed Products not previously reported to LICENSOR. Such final report shall be supplemented
at the end of the next and subsequent months, in the same manner as provided for during the Life of the Agreement, in the event
that LICENSEE learns of any additional royalties due.

 

    	10

    	 

    

 

f.LICENSEE
shall pay interest to LICENSOR from the due date to the date payment is made of any overdue royalties or fees, including the Initial
Payment, at the rate of 2% above the prime rate as is in effect from time to time at the bank identified on the cover page of
this Agreement, or another major bank agreed to by the LICENSOR and LICENSEE in the event that the identified bank should cease
to exist, provided however, that if the interest rate thus determined is in excess of rates allowable by any applicable law, the
maximum interest rate allowable by such law shall apply.

 

4.4
- REVENUE SHARE TERMS

 

4.5
- Books and Records

	REVENUE
                           SHARE: The current proposed Revenue Share is from the sales
                           of digital music or songs, from the Music Store Website area that is
                           associated to the LOOKHU software player.

                           Licensor
                           and Licensee agree to split Net Revenue 50/50 after Non-Recurring Engineering costs (NRE), cost of
                           goods sold (COGS) and transaction
                           fees are deducted.

	PAYMENT
                           SCHEDULE: Licensor will pay Licensee monthly with an accounting
                           of receipts.

        TERM:
        This Fee structure shall remain in place for the life of the agreement,
        unless the parties mutually agree in writing to other terms in
        the future.

        (Music
        Download Distribution Agreement to be signed under separate cover)

 

4.LICENSEE shall keep complete books and records of all sales, leases,
uses, returns, or other disposals by LICENSEE of Licensed Products.

 

4.6
- Rights of Inspecting Books and Records

 

5.LICENSOR shall have the right, through a professionally registered
reasonably acceptable to LICENSEE (and provided that such accountant execute a confidentiality and non disclosure agreement with
LICENSEE) accountant at LICENSOR's expense, to inspect, examine and make abstracts of the said books and records insofar as may
be necessary to verify the accuracy of the same and of the statements provided for herein but such inspection and examination
shall be made during business hours upon reasonable notice, not more often than once per calendar year and shall be limited to
books and records pertaining only to the immediately preceding twelve (12) months. LICENSOR agrees not to divulge to third parties
any Sensitive Information obtained from the books and records of LICENSEE as a result of such inspection unless such information
(a) was known to LICENSOR prior to its acquisition by LICENSOR as a result of such inspection; (b) becomes known to LICENSOR from
sources other than directly or indirectly from LICENSEE; or (c) becomes a matter of public knowledge other than by breach of this
Agreement by LICENSOR.

 

SECTION
5- STANDARDS OF MANUFACTURE AND QUALITY

5.1 - Standardization and Quality

 

1.LICENSEE
shall make commercially reasonable efforts to abide by the MAX SOUND API Specifications, hereto appended in Appendix C and as
modified from time to time by LICENSOR. All Licensed Product types are subject to acceptance testing by LICENSOR. All licensed
products marked with the Licensed Trademarks must additionally comply with all applicable reasonable minimum quality standards
issued and reasonably modified from time to time by LICENSOR. On all Licensed Products marked with the Licensed Trademarks LICENSEE
shall abide by reasonable standards of quality and workmanship. Such quality standards shall apply to all aspects of Licensed
Products, which influence or reflect upon the audio quality or performance of the Licensed Products as perceived by the end user.
LICENSEE shall with respect to all Licensed Products conform to any reasonable new quality standards requirements as specified
by LICENSOR within a period of ninety (90) days of such specification in writing.

 

5.2
- Right to Inspect Quality

 

2.LICENSEE
shall provide LICENSOR with such non-sensitive information concerning Licensed Products as it may reasonably require in performing
its right to enforce quality standards under this Agreement. LICENSEE will, upon request, provide LICENSOR a reasonable number
of sample accounts of Licensed Products for testing. In the event that LICENSOR shall complain that any Licensed Product does
not comply with LICENSOR's quality standards, excepting newly specified standards falling within a ninety (90) day time limit,
it shall promptly so notify LICENSEE by written communication whereupon LICENSEE shall within ninety (90) days either cure such
defect or suspend the lease, sale or other disposal of the same.

 

    	11

    	 

    

 

SECTION
6 - TERMINATION AND EFFECT OF TERMINATION

6.1
- Expiration of Agreement

1.Unless this Agreement already has been terminated in accordance
with the provisions of this section, this Agreement shall terminate five years from the Effective Date and thereafter is renewable
at LICENSEE's request and Licensor's acceptance of said request.

 

6.2
- Termination for Cause

2.In
the event that one party breaches any of its material obligations under this Agreement, subject to the conditions of Section 6,
this Agreement shall terminate upon the non-breaching party's giving sixty (60) days advance notice in writing, effective on dispatch
of such notice, of such termination, giving reasons therefore to the breaching party, provided however, that, if the breaching
party, within the sixty (60) day period, remedies the failure or default upon which such notice is based, then such notice shall
not become effective and this Agreement shall continue in full force and effect. Notwithstanding the sixty day cure period provided
under the provisions of this Section 6, interest due under Section 4 shall remain payable and shall not waive, diminish, or otherwise
affect any of LICENSOR's rights pursuant to this Section 6.

 

6.2
- Effect of Termination

 

3.Upon
termination of the Agreement, except as provided herein, all licenses granted by LICENSOR to LICENSEE under this Agreement shall
terminate, all rights LICENSOR granted to LICENSEE shall revert in LICENSOR, and all other rights and obligations of LICENSOR
and LICENSEE under this agreement shall terminate. However, the following rights and obligations of LICENSOR and LICENSEE shall
survive to the extent necessary to permit their complete fulfillment and discharge, that shall not apply in case of expiration
as provided subsection in 6.

a.LICENSEE's obligation to deliver a final royalty report
and supplements thereto as required under Section 4;

b.LICENSOR's right to receive and LICENSEE's obligation to pay royalties,
including interest on overdue royalties, accrued or accruable for payment at the time of termination and interest on overdue royalties
accruing subsequent to termination;

c.LICENSEE's obligation to maintain books and records and
LICENSOR's right to examine, audit, and copy as provided under Section 4;

d.any cause of action or claim of either party accrued or
to accrue because of any breach or default by LICENSEE;

e.Each party's obligations with respect to Know-How, Confidential
Information and Sensitive Information under the applicable provisions of this Agreement;

f.LICENSEE's obligations to cooperate with LICENSOR with
respect to Trademark enforcement under Section 3.04, with respect to matters arising before termination;

g.LICENSEE's and LICENSOR's obligations regarding public announcements
under Section 8; andh. LICENSEE shall be entitled to fill orders for Licensed Products already received and to make or have made
for it and to sell Licensed Products for which commitments to vendors have been made at the time of such termination, subject
to payment of applicable royalties thereon and subject to said Licensed Products meeting LICENSOR's quality standards, provided
that LICENSEE promptly advises LICENSOR of such commitment upon termination.

The
portions of the Agreement specifically identified in the sub-parts of this Section shall be construed and interpreted in connection
with such other portions of the Agreement as may be required to give them full force and effect.

 

SECTION
7 - LIMITATIONS OF RIGHTS AND AUTHORITY

 

7.1
- Limitation of Rights

 

1.No
right or title whatsoever in the any Intellectual Property, Know-How is granted, or implied to be granted by either party to the
other or shall be taken or assumed by either party except as is specifically laid down in this Agreement or otherwise explicitly
agreed upon in writing between the parties to this Agreement.

 

7.2
- Limitation of Authority

 

2.Neither
party shall in any respect whatsoever be taken to be the agent or representative of the other party and
neither party shall have any authority to assume any obligation for or to commit the other party in any way.

 

    	12

    	 

    

 

7.3
- Disclaimer of Warranties and Liability: Hold Harmless

 

3.LICENSOR has provided LICENSEE
the rights and privileges contained in this Agreement in good faith. LICENSOR hereby warrants and represents that the MAX SOUND
MAX-D API Audio Processing technology, Know-How, Licensed Copyrighted Works, the Licensed Trademarks, or any part thereof embodying
any of them are free from infringement of patents, copyrights, trademarks, service marks, or other proprietary rights of third
parties.

 

4.LICENSOR disclaims all liability
and responsibility for consequential damages, whether or not foreseeable, that may result from the manufacture, use, lease, or
sale of Licensed Products and parts thereof, and LICENSEE agrees to assume all liability and responsibility for all such damage
and injury.

 

5.Each
party agrees to indemnify, defend, and hold the other party harmless from and against all third party claims (including, without
limitation, product liability claims), suits, losses and damages including reasonable attorneys' fees and any other expenses incurred
in investigation and defense, arising out of each party's undertakings pursuant to this Agreement, any breach of any terms of
this Agreements and/or a breach of such party's warranties and representations under this Agreement.

 

7.4
- Limitation of Assignment by LICENSEE

 

6.The
rights, duties and privileges of either party hereunder shall not be transferred or assigned by it either in part or in whole
without prior written consent of the other party. However, either party shall have the right to transfer its rights, duties and
privileges under this Agreement in connection with its merger and consolidation with another firm or the sale of its entire business
to another person or firm, provided that such person or firm shall first have agreed with the other party to perform the transferring
party's obligations and duties hereunder.

 

7.5
- Compliance with U.S. Export Control Regulations

 

7.LICENSEE
agrees not to export any technical data acquired from LICENSOR under this Agreement, nor the direct product thereof, either directly
or indirectly, to any country in contravention of United States law.

 

8.Nothing
in this Agreement shall be construed as requiring LICENSOR to export from the United States, directly or indirectly, any technical
data or any commodities to any country in contravention of United States law.

 

SECTION
8- MISCELLANEOUS PROVISIONS

8.1 - Language of Agreement: Language of Notices

 

1.The
language of this Agreement is English. If translated into another language, this English version of the Agreement shall be controlling.
Except as may be agreed by LICENSOR and LICENSEE, all notices, reports, consents, and approvals required or permitted to be given
hereunder shall be written in the English language representing the same intent as the original document.

 

8.2
Stability of Agreement

 

2.No
provision of this Agreement shall be deemed modified by any acts of either party, its agents or employees or by failure to object
to any acts of the other party which may be inconsistent herewith, or otherwise, except by a subsequent agreement in writing signed
by both parties. No waiver of a breach committed by either party in one instance shall constitute a waiver or a license to commit
or continue breaches in other or like instances.

 

8.3
- Public Announcements

 

Neither
party shall make any public statement unless mutually agreed to by both parties.

 

8.4
- Address of LICENSOR and LICENSEE for all Other Communications

 

3.Except
as otherwise specified in this Agreement, all notices, reports, consents, and approvals required or permitted to be given hereunder
shall be in writing, signed by an officer of LICENSEE or LICENSOR, respectively, and sent postage or shipping charges prepaid
by certified or registered mail, return receipt requested showing to whom, when and where delivered, or by Express mail, or by
a secure overnight or one-day delivery service that provides proof and date of delivery, or by facsimile, properly addressed or
transmitted to LICENSEE or LICENSOR, respectively, at the address or facsimile number set forth on the cover page of this Agreement
or to such other address or facsimile number as may from time to time be designated by either party to the other in writing. Wire
payments from LICENSEE to LICENSOR shall be made to the bank and account of LICENSOR as set forth on the cover page of this agreement
or to such other bank and account as LICENSOR may from time to time designate in writing to LICENSEE. Email will be acceptable
if agreed to by both parties.

 

    	13

    	 

    

 

8.5
- Applicable Law

 

4.This Agreement shall be construed in accordance with the substantive
laws, but not the choice of law rules, of the State of California.

 

8.6
- Choice of Forum; Attorneys' Fees

 

5.To
the full extent permitted by law, LICENSOR and LICENSEE agree that their choice of forum, in the event that any dispute arising
under this agreement is not resolved by mutual agreement, shall be the State of California, San Diego County.

 

6.In
the event that any action is brought for any breach or default of any of the terms of this Agreement or otherwise in connection
with this Agreement, the prevailing party shall be entitled to recover from the other party all costs and expenses incurred in
that action or any appeal therefrom, including without limitation, all attorneys' fees and costs actually incurred.

 

8.7
- Construction of Agreement s (Intentionally left blank.)

 

8.8
- Captions

 

7.Titles and captions in this Agreement are for convenient reference
only and shall not be considered in construing the intent, meaning, or scope of the Agreement or any portion thereof.

 

8.9
- Singular and Plural

 

8.Throughout this Agreement, words in the singular shall be construed
as including the plural and words in the plural shall be construed as including the singular.

 

8.10
- Complete Agreement

 

9.This Agreement contains the entire agreement and understanding
between LICENSOR and LICENSEE and merges all prior or contemporaneous oral or written communication between them. Neither LICENSOR
nor LICENSEE now is, or shall hereafter be, in any way bound by any prior, contemporaneous or subsequent oral or written communication
except insofar as the same is expressly set forth in this Agreement or in a subsequent written agreement duly executed by both
LICENSOR and LICENSEE.

 

8.11
- Severability

 

10.Should any portion of this Agreement be declared null and void
by operation of law, or otherwise, the remainder of this Agreement shall remain in full force and effect.

 

8.12
- Company Representation and Warranty

 

11.Each party represents and warrants to the other party that it
is not a party to any agreement, and is not subject to any statutory or other obligation or restriction, which might prevent or
restrict it from performing all of its obligations and undertakings under this License Agreement, and that the execution and delivery
of this Agreement and the performance by each party hereto of its obligations hereunder have been authorized by all necessary
action, corporate or otherwise.

 

8.13
- Execution

 

12.IN WITNESS WHEREOF, the said LICENSOR has caused this Agreement
to be executed on the cover page of this Agreement, in the presence of a witness, by an officer duly authorized and the said LICENSEE
has caused the same to be executed on the cover page of this Agreement, in the presence of a witness, by an officer duly authorized,
in duplicate original copies, as of the date set forth on said cover page.

Initial:

	MAX
    SOUND CORPORTATION	 	LICENSOR
	/s/ Gregory
    Halpern	 	/s/ Bryan
    Booker
	 	 	 

 

    	14

    	 

    

 

SECTION
9 – APPENDICES

APPENDIX A - "MAX SOUND MAX-D API AUDIO PROCESSOR"

 

Introduction

The
MAXD library provides superior quality audio from compressed formats such as MP3, AAC, etc. The API allows you to select specific
presets and to fine-tune your audio within three frequency ranges with the Wave Adjustment Tool (WAT©). The user GUI can
be graphically built to the customer preferences, within the limits of the device the API is installed in. Additional custom presets
can be created by MAXD and inserted into the API upon approval.

Overview

MAXD
consists of a single shared library compiled for the target platform and delivered as a binary. The library is written in C++
and delivered with headers that can be used in either C or C++.

Usage

In
a typical implementation, the MAXD library is inserted in the audio signal path immediately prior to the output. The host provides
a single interleaved buffer or two mono buffers for processing. The processed buffer(s) is returned to the host for further processing.

Buffer
Format

Buffers
must be provided in linear PCIV1 format and can be 8, 16, 24, or 32 bits. Internally, the MAXD processor converts the samples
to floating point prior to processing. The samples are then converted back to the input format. MAXD supports any sample rate;
however changing from one sample rate to another requires creating a new instance of the MAXD object.

Presets
and EQ Settings

MAXD
is preconfigured with presets that are tuned to different musical genres. A preset is set when a buffer is submitted for processing,
and remains active until a different preset is selected. Wave Adjustment Tool (WAT(D) equalization (low, medium, and high) is
also available. Changes to equalization can only be made at the beginning of processing a new buffer.

 

APPENDIX
B - TYPICAL SPECIFICATIONS FOR MAX SOUND MAX-D API

 

MAX
SOUND MAX-D API software shall comply with the following audio specifications in production (when measured through a standard
internet playback device);

 

Audio
data rate for two channels: PCM

Frequency
Response:20 Hz - 20 kHz+/-0.2 dB

Dynamic
Range: Greater than 85 dB

Distortion:Less
than 0.1% at 1 kHz

     Less than 0.5%, 20 Hz - 20 kHz

 

APPENDIX
C — MAX SOUND MAX-D API LICENSEE INFORMATION MANUAL

API

The
API for MAXD is basic. The host application creates an instance of the MAXD object, passing in a default buffer size and sample
rate. The host then simply calls the process routine as audio buffers become available. LICENSEE will
be placing API on their hosted servers for the purposes of processing their licensed content catalogue. (See COMMAND
LINE APPLICATION REQUIREMENTS — page 16)

Methods
Instantiating a MAXD object 

MaxSound(int
buffLen, int sampleRate)

Parameters:
buffLen: maximum buffer size

sampleRate:
the sample rate to be used for this instance Returns: new MaxSound instance

 

    	15

    	 

    

 

Buffer
Processing

void
processBuffer_i(const int* const inBuffer, int* const outBuffer,

float
low,

float
med,

float,

int preset_id,

int dataLength)

Parameters:

inBuffer:
pointer to input buffer

outBuffer:
pointer to output buffer that will be filled by MAXD

low:
low band eq (range 0 to 100, 50 nominal)

med:
medium band eq (range 0 to 100, 50 nominal)

high:
high band eq (range 0 to 100, 50 nominal)

preset:
preset ID, dependent on particular device

dataLength:
length of valid data in buffer (<= max buffer length set in constructor) Returns: none

Command
Line Application Requirements

Proposed
API 

The application
will be run on the command line as follows:

ms_processor
-1 inputfilename -o output_filename -p preset -s sample_rate

		•	When
                                                                                                                                    processing
                                                                                                                                    is
                                                                                                                                    complete,
                                                                                                                                    the
                                                                                                                                    application
                                                                                                                                    will
                                                                                                                                    return
                                                                                                                                    an
                                                                                                                                    error
                                                                                                                                    code
                                                                                                                                    of
                                                                                                                                    0
                                                                                                                                    if
                                                                                                                                    it
                                                                                                                                    is
                                                                                                                                    successful
                                                                                                                                    or
                                                                                                                                    1
                                                                                                                                    if
                                                                                                                                    it
                                                                                                                                    is
                                                                                                                                    not.

		•	The
                                                                                                                                    application
                                                                                                                                    will
                                                                                                                                    write
                                                                                                                                    an
                                                                                                                                    error
                                                                                                                                    message
                                                                                                                                    to
                                                                                                                                    std_err
                                                                                                                                    if
                                                                                                                                    an
                                                                                                                                    error
                                                                                                                                    occurs.

		•	The
                                                                                                                                    input
                                                                                                                                    wave
                                                                                                                                    file
                                                                                                                                    must
                                                                                                                                    be
                                                                                                                                    16-bit
                                                                                                                                    linear
                                                                                                                                    PCM
                                                                                                                                    and
                                                                                                                                    can
                                                                                                                                    be
                                                                                                                                    at
                                                                                                                                    any
                                                                                                                                    sample
                                                                                                                                    rate.

 

APPENDIX
D - MAX SOUND logos and trademarks

 

These
are examples only, higher resolution graphics will be provided to the LICENSOR when needed.

 

    	16

    	 

    

 

APPENDIX
E — Deliverables

 

1.
LICENSOR will:

 

2.1.1
Support a Subscription-based business model, where LICENSOR will receive ($.25 USD) per user per month or ($3.00 USD) per annual
subscription.

 

2.1.2
MAX-D will develop and deliver a short video demo for Licensee showing the MAX-D Advantage.

 

2.1.2.1
The demo's purpose will be to drive the Licensee's customer(s) to subscribe and to give Licensee's end-users a chance to hear
samples of why their device sounds better with MAX-D.

 

2.1.3
Provide Licensee with MAX-D audio API.

 

2.
LICENSEE will:

 

2.2.1.1
Make MAX-D available to their end-user / Customer with a subscription. 2.2.1.2 Add relevant MAX-D Branding pursuant to this Agreement.

 

2.2.1.3
Deliver a short MAX-D video demo demonstrating the MAX-D Advantage, to their users. 2.2.2 Support a Subscription-based business
model, where LICENSOR will receive ($.25 USD) per user per month or ($3.00 USD) per annual subscription.

 

2.2.3
Licensor and Licensee agree to split Net Revenue 50/50 after Non-Recurring Engineering costs (NRE), cost of goods sold (COGS)
and transaction fees are deducted.

(Music
Download Distribution Agreement to be signed under separate cover).

 

17

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