Document:

EXHIBIT
      10.8

    

    ESCROW
      AGREEMENT

     

    This
      Escrow Agreement (this “Agreement”) is entered into as of July 24, 2008, by and
      among Single Touch Systems Inc., a Delaware corporation (the “Parent”), Randall
      Lanham (the “Indemnification Representative”) and Gottbetter & Partners, LLP
      (the “Escrow Agent”).

     

    WHEREAS,
      the Parent has entered into an Agreement and Plan of Merger and Reorganization
      (the “Merger Agreement”) with Single Touch Interactive, Inc., a Nevada
      corporation (the “Company”), (i) pursuant to which a wholly-owned subsidiary of
      the Parent will merge with and into the Company, with the Company surviving
      the
      merger and (ii) as a result of which the Company will become a wholly-owned
      subsidiary of the Parent;

     

    WHEREAS,
      the Merger Agreement provides that an escrow account will be established to
      secure the indemnification obligations of the stockholders of the Company as
      of
      the Closing Date, as such term is defined in the Merger Agreement (collectively,
      the “Indemnifying Stockholders”), to the Parent; and

     

    WHEREAS,
      the parties hereto desire to establish the terms and conditions pursuant to
      which such escrow account will be established and maintained.

     

    NOW,
      THEREFORE, the parties hereto hereby agree as follows:

     

    Consent
      of Company Stockholders.
      The
      Indemnifying Stockholders have, either by virtue of their approval of the Merger
      Agreement or through the execution of an instrument to such effect, consented
      to: (a) the establishment of this escrow to secure the Indemnifying
      Stockholders’ indemnification obligations under Article 6 of the Merger
      Agreement in the manner set forth herein, (b) the appointment of the
      Indemnification Representative as their representative for purposes of this
      Agreement and as attorney-in-fact and agent for and on behalf of each
      Indemnifying Stockholder, and the taking by the Indemnification Representative
      of any and all actions and the making of any decisions required or permitted
      to
      be taken or made by him under this Agreement and (c) all of the other
      terms, conditions and limitations in this Agreement.

     

    Escrow
      and Indemnification.

     

    Escrow
      of Shares.
      Simultaneously with the execution of this Agreement, the Parent shall deposit
      with the Escrow Agent certificates representing 1,445,912 shares of common
      stock
      of the Parent, as determined pursuant to the Merger Agreement, issued in the
      name of the Escrow Agent or its nominee. The Escrow Agent hereby acknowledges
      receipt of such stock certificates. The shares deposited with the Escrow Agent
      pursuant to the first sentence of this Section 2(a) are referred to herein
      as the “Escrow Shares.” The Escrow Shares shall be held as a trust fund and
      shall not be subject to any lien, attachment, trustee process or any other
      judicial process of any creditor of any party hereto. The Escrow Agent agrees
      to
      hold the Escrow Shares in an escrow account (the “Escrow Account”), subject to
      the terms and conditions of this Agreement.

     

    
      
        
        

      

      
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    Indemnification.
      The
      Indemnifying Stockholders have agreed in Section 6.1 of the Merger Agreement
      to
      indemnify and hold harmless the Parent from and against certain Damages (as
      defined in Section 6.1 of the Merger Agreement). The Escrow Shares shall be
      (i)
      security for such indemnity obligation of the Indemnifying Stockholders, subject
      to the limitations, and in the manner provided, in this Agreement and the Merger
      Agreement and (ii) shall be the exclusive means for the Parent to collect any
      Damages with respect to which the Parent is entitled to indemnification under
      Article VI of the Merger Agreement.

     

    Dividends,
      Etc.
      Any
      securities distributed in respect of or in exchange for any of the Escrow
      Shares, whether by way of stock dividends, stock splits or otherwise, shall
      be
      issued in the name of the Escrow Agent or its nominee and shall be delivered
      to
      the Escrow Agent, who shall hold such securities in the Escrow Account. Such
      securities shall be considered Escrow Shares for purposes hereof. Any cash
      dividends or property (other than securities) distributed in respect of the
      Escrow Shares shall promptly be distributed by the Escrow Agent to the
      Indemnifying Stockholders in accordance with Section 3(c) in direct
      proportion to the number of Escrow Shares delivered by each Indemnifying
      Stockholder.

     

    Voting
      of Shares.
      The
      Indemnification Representative shall have the right, in his sole discretion,
      on
      behalf of the Indemnifying Stockholders, to direct the Escrow Agent in writing
      as to the exercise of any voting rights pertaining to the Escrow Shares, and
      the
      Escrow Agent shall comply with any such written instructions. In the absence
      of
      such instructions, the Escrow Agent shall not vote any of the Escrow Shares.
      The
      Indemnification Representative shall have no obligation to solicit consents
      or
      proxies from the Indemnifying Stockholders for purposes of any such
      vote.

     

    Transferability.
      The
      respective interests of the Indemnifying Stockholders in the Escrow Shares
      shall
      not be assignable or transferable, other than by operation of law. Notice of
      any
      such assignment or transfer by operation of law shall be given to the Escrow
      Agent and the Parent, and no such assignment or transfer shall be valid until
      such notice is given.

     

    Distribution
      of Escrow Shares.

     

    The
      Escrow Agent shall distribute the Escrow Shares only in accordance with (i)
      a
      written instrument delivered to the Escrow Agent that is executed by both the
      Parent and the Indemnification Representatives and that instructs the Escrow
      Agent as to the distribution of some or all of the Escrow Shares, (ii) an
      order of a court of competent jurisdiction, a copy of which is delivered to
      the
      Escrow Agent by either the Parent or the Indemnification Representative, that
      instructs the Escrow Agent as to the distribution of some or all of the Escrow
      Shares, or (iii) the provisions of Section 3(b) hereof.

     

    
      
        
        

      

      
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    Within
      five business days after July 24, 2009 (the “Termination Date”), the Escrow
      Agent shall, automatically, without any notice required, distribute to the
      Indemnifying Stockholders all of the Escrow Shares then held in escrow,
      registered in the names of the Indemnifying Stockholders in direct proportion
      to
      the number of Escrow Shares delivered by each Indemnifying Stockholder.
      Notwithstanding the foregoing, if the Parent has previously delivered to the
      Escrow Agent a copy of a Claim Notice (as hereinafter defined) and the Escrow
      Agent has not received written notice of the resolution of the claim covered
      thereby, or if the Parent has previously delivered to the Escrow Agent a copy
      of
      an Expected Claim Notice (as hereinafter defined) and the Escrow Agent has
      not
      received written notice of the resolution of the anticipated claim covered
      thereby, the Escrow Agent shall retain in escrow after the Termination Date
      such
      number of Escrow Shares as have a Value (as defined in Section 4 below)
      equal to the Claimed Amount (as hereinafter defined) covered by such Claim
      Notice or equal to the estimated amount of Damages set forth in such Expected
      Claim Notice, as the case may be. Any Escrow Shares so retained in escrow shall
      be distributed only in accordance with the terms of clauses (i) or (ii) of
      Section 3(a) hereof. For purposes of this Agreement, a Claim Notice means a
      written notification under the Merger Agreement given by the Parent to the
      Indemnifying Stockholders which contains (i) a description and the amount (the
      “Claimed Amount”) of any Damages incurred or reasonably expected to be incurred
      by the Parent, (ii) a statement that the Parent is entitled to indemnification
      under Article 6 of the Merger Agreement for such Damages and a reasonable
      explanation of the basis therefor, and (iii) a demand for payment in the amount
      of such Damages. For purposes of this Agreement, an Expected Claim Notice means
      a notice delivered pursuant to the Merger Agreement by the Parent to an
      Indemnifying Stockholder, before expiration of a representation or warranty,
      to
      the effect that, as a result a legal proceeding instituted by or written claim
      made by a third party, the Parent reasonably expects to incur Damages as a
      result of a breach of such representation or warranty.

     

    Distributions
      to the Indemnifying Stockholders shall be made by mailing stock certificates
      to
      such holders at their respective addresses shown on the books of the Parent
      (or
      such other address as may be provided in writing to the Escrow Agent by any
      such
      holder). No fractional Escrow Shares shall be distributed to Indemnifying
      Stockholders pursuant to this Agreement. Instead, the number of shares that
      each
      Indemnifying Stockholder shall receive shall be rounded up or down to the
      nearest whole number (provided that the Indemnification Representatives shall
      have the authority to effect such rounding in such a manner that the total
      number of whole Escrow Shares to be distributed equals the number of Escrow
      Shares then held in the Escrow Account).

     

    Valuation
      of Escrow Shares.
      For
      purposes of this Agreement, the “Value” of any Escrow Shares shall be $1.25 per
      share, multiplied by the number of such Escrow Shares.

     

    Fees
      and Expenses of Escrow Agent.
      The
      Parent shall pay the fees and expenses of the Escrow Agent for the services
      to
      be rendered by the Escrow Agent hereunder, which fees shall not exceed $1,000
      in
      the aggregate.

     

    Limitation
      of Escrow Agent’s Liability.

     

    The
      Escrow Agent shall incur no liability with respect to any action taken or
      suffered by it in reliance upon any notice, direction, instruction, consent,
      statement or other documents believed by it to be genuine and duly authorized,
      nor for other action or inaction except its own willful misconduct or gross
      negligence. The Escrow Agent shall not be responsible for the validity or
      sufficiency of this Agreement. In all questions arising under this Agreement,
      the Escrow Agent may rely on the advice of counsel, and the Escrow Agent shall
      not be liable to anyone for anything done, omitted or suffered in good faith
      by
      the Escrow Agent based on such advice. The Escrow Agent shall not be required
      to
      take any action hereunder involving any expense unless the payment of such
      expense is made or provided for in a manner reasonably satisfactory to it.
      In no
      event shall the Escrow Agent be liable for indirect, punitive, special or
      consequential damages.

     

    
      
        
        

      

      
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    The
      Parent and the Indemnifying Stockholders agree to indemnify the Escrow Agent
      for, and hold it harmless against, any loss, liability or expense incurred
      without gross negligence or willful misconduct on the part of Escrow Agent,
      arising out of or in connection with its carrying out of its duties hereunder.
      The Parent, on the one hand, and the Indemnifying Stockholders, on the other
      hand, shall each be liable for one-half of such amounts.

     

    Liability
      and Authority of Indemnification Representatives; Successors and
      Assignees.

     

    The
      Indemnification Representative shall not incur any liability to the Indemnifying
      Stockholders with respect to any action taken or suffered by him in reliance
      upon any note, direction, instruction, consent, statement or other documents
      believed by him to be genuinely and duly authorized, nor for other action or
      inaction except his own willful misconduct or gross negligence. The
      Indemnification Representative may, in all questions arising under this
      Agreement, rely on the advice of counsel and the Indemnification Representative
      shall not be liable to the Indemnifying Stockholders for anything done, omitted
      or suffered in good faith by the Indemnification Representative based on such
      advice.

     

    In
      the
      event of the death or permanent disability of the Indemnification
      Representative, or his resignation as an Indemnification Representative, a
      successor Indemnification Representative shall be elected by a majority vote
      of
      the Indemnifying Stockholders, with each such Indemnifying Stockholder (or
      his,
      her or its successors or assigns) to be given a vote equal to the number of
      votes represented by the shares of stock of the Company held by such
      Indemnifying Stockholder immediately prior to the effective time of the share
      purchase under the Merger Agreement. Each successor Indemnification
      Representative shall have all of the power, authority, rights and privileges
      conferred by this Agreement upon the original Indemnification Representative,
      and the term “Indemnification Representative” as used herein shall be deemed to
      include each successor Indemnification Representative.

     

    The
      Indemnification Representative shall have full power and authority to represent
      the Indemnifying Stockholders, and their successors, with respect to all matters
      arising under this Agreement and Article 6 of the Merger Agreement and all
      actions taken by the Indemnification Representative hereunder or under Article
      6
      of the Merger Agreement shall be binding upon the Indemnifying Stockholders,
      and
      their successors, as if expressly confirmed and ratified in writing by each
      of
      them. Without limiting the generality of the foregoing, the Indemnification
      Representative shall have full power and authority to interpret all of the
      terms
      and provisions of this Agreement, to compromise any claims asserted hereunder
      and to authorize any release of the Escrow Shares to be made with respect
      thereto, on behalf of the Indemnifying Stockholders and their successors.

     

    The
      Escrow Agent may rely on the Indemnification Representative as the exclusive
      agent of the Indemnifying Stockholders under this Agreement and shall incur
      no
      liability to any party with respect to any action taken or suffered by it in
      good faith reliance thereon.

     

    
      
        
        

      

      
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    Amounts
      Payable by Indemnifying Stockholders.
      The
      amounts payable by the Indemnifying Stockholders to the Escrow Agent under
      this
      Agreement (i.e., the indemnification obligations pursuant to Section 6(b))
      shall be payable solely as follows. The Escrow Agent shall notify the
      Indemnification Representative of any such amount payable by the Indemnifying
      Stockholders as soon as it becomes aware that any such amount is payable, with
      a
      copy of such notice to the Parent. On the sixth business day after the delivery
      of such notice, the Escrow Agent shall sell such number of Escrow Shares (up
      to
      the number of Escrow Shares then available in the Escrow Account), subject
      to
      compliance with all applicable securities laws, as is necessary to raise such
      amount, and shall be entitled to apply the proceeds of such sale in satisfaction
      of such indemnification obligations of the Indemnifying Stockholders; provided
      that if the Parent delivers to the Escrow Agent (with a copy to the
      Indemnification Representative), within five business days after delivery of
      such notice by the Indemnification Representative, a written notice contesting
      the legitimacy or reasonableness of such amount, then the Escrow Agent shall
      not
      sell Escrow Shares to raise the disputed portion of such claimed amount except
      in accordance with the terms of clauses (i) or (ii) of
      Section 3(a).

     

    Termination.
      This
      Agreement shall terminate upon the distribution by the Escrow Agent of all
      of
      the Escrow Shares in accordance with this Agreement; provided that the
      provisions of Sections 6 and 7 shall survive such termination.

     

    Notices.
      All
      notices, instructions and other communications given hereunder or in connection
      herewith shall be in writing. Any such notice, instruction or communication
      shall be sent either (i) by registered or certified mail, return receipt
      requested, postage prepaid, or (ii) via a reputable nationwide overnight
      courier service, in each case to the address set forth below. Any such notice,
      instruction or communication shall be deemed to have been delivered five
      business days after it is sent by registered or certified mail, return receipt
      requested, postage prepaid, or one business day after it is sent via a reputable
      nationwide overnight courier service.

     

    If
      to the
      Parent:

    

    Single
      Touch Systems Inc.

    2235
      Encinitas Boulevard, Suite 210

    Encinitas,
      CA 92024

    Attn:
      Anthony Macaluso, President

    

    with
      a
      copy to (which shall not constitute notice hereunder):

    

    Gottbetter
      & Partners, LLP

    488
      Madison Avenue, 12th
      Floor

    New
      York,
      NY 10022

    Attn:
      Scott Rapfogel, Esq.

    Facsimile:
      (212) 400-6901

    

    If
      to the
      Indemnification Representatives:

    

    Randall
      J. Lanham, Esq.

    c/o
      Single Touch Interactive, Inc.

     

    
      
        
        

      

      
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    2235
      Encinitas Blvd., Suite 210

    Encinitas,
      CA 92024

    Facsimile:
      760.438.1793

    

    If
      to the
      Escrow Agent:

    

    Gottbetter
      & Partners, LLP

    488
      Madison Avenue, 12th
      Floor

    New
      York,
      NY 10022

    Attn:
      Adam S. Gottbetter, Esq.

    Facsimile:
      (212) 400-6901

    

    Any
      party
      may give any notice, instruction or communication in connection with this
      Agreement using any other means (including personal delivery, telecopy or
      ordinary mail), but no such notice, instruction or communication shall be deemed
      to have been delivered unless and until it is actually received by the party
      to
      whom it was sent. Any party may change the address to which notices,
      instructions or communications are to be delivered by giving the other parties
      to this Agreement notice thereof in the manner set forth in this
      Section 10.

     

    Successor
      Escrow Agent.
      In the
      event the Escrow Agent becomes unavailable or unwilling to continue in its
      capacity herewith, the Escrow Agent may resign and be discharged from its duties
      or obligations hereunder by delivering a resignation to the parties to this
      Escrow Agreement, not less than 30 days prior to the date when such
      resignation shall take effect. The Parent may appoint a successor Escrow Agent
      without the consent of the Indemnification Representatives so long as such
      successor is a chartered bank and may appoint any other successor Escrow Agent
      with the consent of the Indemnification Representative, which shall not be
      unreasonably withheld. If, within such notice period, the Parent provides to
      the
      Escrow Agent written instructions with respect to the appointment of a successor
      Escrow Agent and directions for the transfer of any Escrow Shares then held
      by
      the Escrow Agent to such successor, the Escrow Agent shall act in accordance
      with such instructions and promptly transfer such Escrow Shares to such
      designated successor. If no successor Escrow Agent is named as provided in
      this
      Section 11 prior to the date on which the resignation of the Escrow Agent is
      to
      properly take effect, the Escrow Agent may apply to a court of competent
      jurisdiction for appointment of a successor Escrow Agent.

     

    General.

     

    Governing
      Law; Assigns.
      This
      Agreement shall be governed by and construed in accordance with the internal
      laws of the State of New York without regard to conflict-of-law principles
      and
      shall be binding upon, and inure to the benefit of, the parties hereto and
      their
      respective successors and assigns.

     

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

     

    
      
        
        

      

      
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    Entire
      Agreement.
      Except
      for those provisions of the Merger Agreement referenced herein, this Agreement
      constitutes the entire understanding and agreement of the parties with respect
      to the subject matter of this Agreement and supersedes all prior agreements
      or
      understandings, written or oral, between the parties with respect to the subject
      matter hereof.

     

    Waivers.
      No
      waiver by any party hereto of any condition or of any breach of any provision
      of
      this Agreement shall be effective unless in writing. No waiver by any party
      of
      any such condition or breach, in any one instance, shall be deemed to be a
      further or continuing waiver of any such condition or breach or a waiver of
      any
      other condition or breach of any other provision contained herein.

     

    Amendment.
      This
      Agreement may be amended only with the written consent of the Parent, the Escrow
      Agent and the Indemnification Representative.

     

    Consent
      to Jurisdiction and Service.
      The
      parties hereby absolutely and irrevocably consent and submit to the jurisdiction
      of the courts in the State of New York and of any federal court located in
      the
      State of New York in connection with any actions or proceedings brought against
      any party hereto by the Escrow Agent arising out of or relating to this
      Agreement. In any such action or proceeding, the parties hereby absolutely
      and
      irrevocably waive personal service of any summons, complaint, declaration or
      other process and hereby absolutely and irrevocably agree that the service
      thereof may be made by certified or registered first-class mail directed to
      such
      party, at their respective addresses in accordance with Section 10
      hereof.

     

    Acknowledgement
      and Waiver of Conflict.
      The
      parties hereby acknowledge that the Escrow Agent has represented the Parent
      in
      connection with the Merger. The Parent and the Indemnification Representatives
      hereby waive any conflict of interest arising by virtue of the Escrow Agent’s
      representation of the Parent, and hereby agree to acknowledge and approve the
      taking of any action by the Escrow Agent reasonably necessary to protect and
      preserve its rights under this Agreement.

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK]

     

    
      
        
        

      

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

    
      	 	 	 
	 	
              SINGLE
                TOUCH SYSTEMS INC.

            
	 	 	 
              
	 
              	 
              	 
              
	 	By:  	
              /s/ Scott
                Vicari

            
	 	Name: 	
               Scott
                Vicari

            
	 	Title:	
               President

            

    

    
      	 	 
              	 
	 	 	 
	 	
                 
                /s/ Randall Lanham

            
	 	Randall
              Lanham, in his capacity as the Indemnification Representative
	 
              	 
              
	 
              	 
              
	 	GOTTBETTER
              & PARTNERS, LLP
	 
              	 
              	 
              
	 
              	  
              	 
              
	 	By:	
              /s/
                Adam S. Gottbetter

            
	 	Name: 	
               Adam
                S. Gottbetter, Esq.

            
	 	Title:	
               Partner

            

    

     

    
      
        
        

      

      
        8EXHIBIT
      10.9

    

    SINGLE
      TOUCH INTERACTIVE, INC.

    EMPLOYMENT
      AGREEMENT

    

    ANTHONY
      MACALUSO

    President
      & Chief Executive Officer

    

    This
      Employment Agreement ("Agreement") is made and effective as of July 15, 2008
      by
      and between Single Touch Interactive, Inc. ("Single Touch Interactive" or the
      “Company”), and Mr. Anthony Macaluso ("Macaluso") to serve as President and
      Chief Executive Officer of the Company. 

    

    NOW,
      THEREFORE, the parties hereto agree as follows: 

    

    1.
      Employment.

    

    Single
      Touch Interactive hereby agrees to employ Anthony Macaluso as its President
      and
      Chief Executive Officer. Macaluso hereby accepts such employment in accordance
      with the terms of this Agreement and the terms of employment applicable to
      regular employees of Single Touch Interactive. In the event of any conflict
      or
      ambiguity between the terms of this Agreement and terms of employment applicable
      to regular employees, the terms of this Agreement shall control. 

    

    2.
      Duties.

    

    The
      duties of Macaluso shall include the performance of all of the duties typical
      of
      the office held by President & CEO as described in the bylaws of the Single
      Touch Interactive and such other duties and projects as may be assigned by
      a
      superior officer of Single Touch Interactive, if any, or the board of directors
      of the Company. Macaluso shall devote significant and reasonable productive
      time, ability and attention to the business of the Single Touch Interactive
      and
      shall perform all duties in a professional, ethical and businesslike manner.
      

    

    3.
      Compensation.

    

    Macaluso
      will be paid compensation during this Agreement as follows:

    

    A.
      A base
      salary of $275,000 per year; payable in installments on the 15th
      and last
      day of each month according to Single Touch Interactive' regular payroll
      schedule. 

    

    B. A
      Management by Objectives (MBO) plan will be established by the Company, with
      a
      yearly bonus to be determined by the Compensation Committee or Board of
      Directors based upon meeting or exceeding objectives.

    

    C. Macaluso
      shall receive the 1,500,000 common shares of Single Touch Interactive, earned
      and issuable as of the date of this agreement. 

    

    4.
      Benefits.

    

    A.
      Holidays. Macaluso will be entitled to 10 paid holidays each calendar year
      and 5
      personal days. Single Touch Interactive will notify Macaluso on or about the
      beginning of each calendar year with respect to the holiday schedule for the
      coming year. Personal holidays, if any, will be scheduled in advance subject
      to
      requirements of Single Touch Interactive. Such holidays must be taken during
      the
      calendar year and cannot be carried forward into the next year. 

     

    
      
        
        

      

      
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    B.
      Vacation. Macaluso shall be entitled to 30 days paid vacation each year,
      accruing if not used to a maximum of 60 days over the period of this
      contract.

    

    C.
      Sick
      Leave. Macaluso shall be entitled to sick leave and emergency leave according
      to
      the regular policies and procedures of Single Touch Interactive. Additional
      sick
      leave or emergency leave over and above paid leave provided by the Single Touch
      Interactive, if any, shall be unpaid and shall be granted at the discretion
      of
      the board of directors. 

    

    D.
      Medical and Group Life Insurance. Single Touch Interactive agrees to include
      Macaluso in the group medical and hospital plan of Single Touch Interactive.
      Macaluso shall be responsible for payment of any federal or state income tax
      imposed upon these benefits.

     

    E.
      Pension and Profit Sharing Plans. Macaluso shall be entitled to participate
      in
      any pension or profit sharing plan or other type of plan adopted by Single
      Touch
      Interactive for the benefit of its officers and/or regular employees.

    

    F.
      Expense Reimbursement. Macaluso shall be entitled to reimbursement for all
      reasonable expenses, including travel and entertainment, incurred by Macaluso
      in
      the performance of Macaluso' duties. Macaluso will maintain records and written
      receipts as required by the Single Touch Interactive expense policy and
      reasonably requested by the board of directors to substantiate such expenses.
      

    

    5.
      Term and Termination.

    

    A.
      The
      Initial Term of this Agreement shall commence on July/15/2008 and it shall
      continue in effect for a period ending December 31, 2008. Thereafter, the
      Agreement shall be renewed upon the mutual agreement of Macaluso and Single
      Touch Interactive. This Agreement and Macaluso' employment may be terminated
      at
      Single Touch Interactive' discretion without cause, provided that Single Touch
      Interactive shall pay to Macaluso an amount equal to payment of Macaluso base
      salary rate for the remaining period of the agreement

    

    B.
      This
      Agreement may be terminated by Macaluso at Macaluso' discretion by providing
      at
      least thirty (60) days prior written notice to Single Touch Interactive. In
      the
      event of termination by Macaluso pursuant to this subsection, Single Touch
      Interactive may immediately relieve Macaluso of all duties and immediately
      terminate this Agreement, provided that Single Touch Interactive shall pay
      Macaluso at the then applicable base salary rate to the termination date
      included in original termination notice. 

    

    C.
      In the
      event that Macaluso is in breach of any material obligation owed Single Touch
      Interactive in this Agreement, habitually neglects the duties to be performed
      under this Agreement, engages in any conduct which is dishonest, or is convicted
      of any criminal act or engages in any act of moral turpitude, then Single Touch
      Interactive may terminate this Agreement for cause upon five (5) days notice
      to
      Macaluso. In event of termination of the agreement pursuant to this subsection,
      Macaluso shall be paid only at the then applicable base salary rate up to and
      including the date of termination. Macaluso shall not be paid any unvested
      incentive salary payments or other compensation, prorated or
      otherwise.

     

    D.
      In the
      event that Single Touch Interactive is acquired, is the non-surviving party
      in a
      merger, or sells all or substantially all of its assets, this Agreement shall
      not be terminated and Single Touch Interactive agrees to use its best efforts
      to
      ensure that the transferee or surviving entity is bound by the provisions of
      this Agreement. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    E.
      In the
      event that the Company is acquired, is the non-surviving party in a merger,
      or
      sells all or substantially all of its assets and Anthony Macaluso employment
      under this agreement is terminated without cause at the date of sale or any
      time
      thereafter, all unvested options or equity grants shall be immediately vested
      upon the date of such termination.

    

    G.
      This
      Agreement and Anthony Macaluso employment may be terminated by Single Touch
      Interactive at its sole discretion, without cause, provided that in such case,
      Anthony Macaluso shall be paid 100% of Anthony Macaluso’ then applicable annual
      base salary. At the election of the Company, such base salary may be paid along
      with payroll disbursements for up to one year after the date of such
      discretionary termination.

    

    6.
      Notices.

    

    Any
      notice required by this Agreement or given in connection with it, shall be
      in
      writing and shall be given to the appropriate party by personal delivery or
      by
      certified mail, postage prepaid, or recognized overnight delivery services;
      

    

      
        	
                If
                  to Single Touch Interactive:

              	
                If
                  to Anthony Macaluso:

              
	 	 
	
                Single
                  Touch Interactive, Inc.

              	
                Anthony
                  Macaluso

              
	
                2235
                  Encinitas Blvd. Suite 210

              	
                P.O.
                  Box 7034

              
	
                Encinitas,
                  CA 92024

              	
                Rancho
                  Santa Fe, CA 92067

              

      

    

     

    7.
      Final Agreement.

    

    This
      Agreement terminates and supersedes all prior understandings or agreements
      on
      the subject matter hereof. This Agreement may be modified only by a further
      writing that is duly executed by both parties. 

    

    8.
      Governing Law.

    

    This
      Agreement shall be construed and enforced in accordance with the laws of the
      State of California. 

    

    9.
      Headings.

    

    Headings
      used in this Agreement are provided for convenience only and shall not be used
      to construe meaning or intent. 

    

    10.
      No Assignment.

    

    Neither
      this Agreement nor any or interest in this Agreement may be assigned by Macaluso
      without the prior express written approval of Single Touch Interactive, which
      may be withheld by Single Touch Interactive at Single Touch Interactive'
      absolute discretion. 

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    11.
      Severability.

    

    If
      any
      term of this Agreement is held by a court of competent jurisdiction to be
      invalid or unenforceable, then this Agreement, including all of the remaining
      terms, will remain in full force and effect as if such invalid or unenforceable
      term had never been included. 

    

    12.
      Arbitration.

    

    The
      parties agree that they will use their best efforts to amicably resolve any
      dispute arising out of or relating to this Agreement. Any controversy, claim
      or
      dispute that cannot be so resolved shall be settled by final binding arbitration
      in accordance with the rules of the American Arbitration Association and
      judgment upon the award rendered by the arbitrator or arbitrators may be entered
      in any court having jurisdiction thereof. Any such arbitration shall be
      conducted in California, or such other place as may be mutually agreed upon
      by
      the parties. Within fifteen (15) days after the commencement of the arbitration,
      each party shall select one person to act arbitrator, and the two arbitrators
      so
      selected shall select a third arbitrator within ten (10) days of their
      appointment. Each party shall bear its own costs and expenses and an equal
      share
      of the arbitrator's expenses and administrative fees of arbitration.

    

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

    

      
        	
                Single
                  Touch Interactive, Inc.

              	 	
                Anthony
                  Macaluso

              
	 	 	 
	 	 	 
	
                /s/
                  Anthony Macaluso

              	 	
                /s/
                  Anthony Macaluso

              
	
                By:
                  Anthony Macaluso, President

              	 	
                Anthony
                  Macaluso

              
	 	 	 
	
                /s/
                  Larry Dunn

              	 	 
	
                By:
                  Larry Dunn, Director

              	 	 
	 	 	 
	
                /s/
                  Richard Siber

              	 	 
	
                By:
                  Richard Siber, Director

              	 	 

      

       

      
        
          
          

        

        
          4

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