Monaker Group, Inc. (Form: 8-K, Received: 11/17/2017 17:20:35)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): October 17, 2017

Monaker Group, Inc.

(Exact name of Registrant as specified in its charter)

Nevada
(State or other jurisdiction of incorporation)
000-52669	26-3509845
(Commission File Number)	(I.R.S. Employer Identification No.)

2690 Weston Road, Suite 200

Weston, Florida 33331

(Address of principal executive offices zip code )

(954) 888-9779

( Registrant’s telephone number, including area code )

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01

Entry into a Material Definitive Agreement.

Platform Purchase Agreement

On October 17, 2017, Monaker Group, Inc. (the “ Company ”, “ we ” and “ us ”) entered into a Platform Purchase Agreement with Exponential, Inc. (“ XPO ”), which offers a white-label e-commerce platform. Pursuant to the Platform Purchase Agreement, XPO agreed to provide us software development services in connection with the development of an e-commerce platform (the Monaker Booking Engine (MBE)) and related application program interfaces (APIs), which pursuant to the agreement are required to be delivered within 30 days of the date of the parties’ entry into the Platform Purchase Agreement, and to further manage all merchant relationships sold on the platform and reporting and accounting thereof. In consideration for the services agreed to be rendered by XPO, we issued XPO 500,000 shares of restricted common stock (the “ XPO Shares ”). Additional consideration for the issuance of the shares included us becoming the exclusive provider of alternative lodging rentals (ALRs) for all travel sales on XPO’s platform, a 180 day review period for performance of the platform, and the right, in the event the platform does not perform as expected, to cancel the exclusive use right and require the return of 350,000 of the XPO Shares for cancellation. The Platform Purchase Agreement has a term of three years ending on October 15, 2020, subject to extensions with the mutual agreement of the parties.

We also entered into a Marketing and Consulting Agreement (the “ Marketing Agreement ”) with XPO effective on October 16, 2017. Pursuant to the Marketing Agreement, XPO agreed to market the Company and our products and services on its e-commerce platform and in emails; provide us reports on marketing efforts; make us the exclusive ALR provider on its platform; and manage the campaign for our mobile applications. In consideration for the services agreed to be rendered by XPO pursuant to the Marketing Agreement we agreed to pay XPO $15,000 (payable $7,500 upon execution of the agreement and $7,500 within 30 days) and to pay XPO, at such time as gross travel booking revenue through NextTrip exceeds $2 million, 5% of such additional gross travel booking revenue for as long as the agreement remains in place. The Marketing Agreement has a term of three years ending on October 15, 2020, subject to extensions with the mutual agreement of the parties.

November 14, 2017 Purchase Agreement

Effective on November 14, 2017, we entered into a Purchase Agreement with Michael Heinze, Michael Kistner and Rebecca Dernbach (the “ Licensors ”). Pursuant to the Purchase Agreement, the Licensors granted us a non-exclusive license to use certain source code owned by the Licensors in connection with an alternative lodging platform (the “ License ” and the “ Source Code ”). In consideration for the License, we paid the Licensors $75,000 in cash and 86,957 shares of restricted common stock with a market value of $2.30 per share and an aggregate value of $200,000 (the “ License Shares ”). Pursuant to the Purchase Agreement the Licensors have the right to put the License Shares back to us six months after the date of the Purchase Agreement for $125,000 in cash (the “ Put Right ”), provided that we also have the right to arrange for the purchase of the License Shares by a separate party during such six month period, unless the Licensors waive the Put Right, assuming the purchase price agreed to be paid by such separate party is at least $125,000. The Purchase Agreement provides that in the event the Company creates a derivative work using the Source Code subject to the License, the Company is required to enter into a mutually agreeable agreement with the Licensors whereby they will be paid a share of the sale or licensing revenue generated by the Company as a result of such derivative work.

Item 2.01

Completion of Acquisition or Disposition of Assets.

As described above in Item 1.01 , which information is incorporated in this Item 2.01 by reference, on November 14, 2017, we entered into the Purchase Agreement and acquired rights to the Source Code.

Item 3.02

Unregistered Sales of Equity Securities.

As described above in Item 1.01 in October 2017 we issued the XPO Shares to XPO pursuant to the Platform Purchase Agreement and in November 2017 we issued the License Shares to the Licensors pursuant to the Purchase Agreement. We claim an exemption from registration for the issuances and sales described above pursuant to Section 4(a)(2) and/or Rule 506 of Regulation D of the Securities Act of 1933, as amended (the “ Securities Act ”), since the foregoing issuances did not involve a public offering, the recipients were (a) “ accredited investors ”; and/or (b) had access to similar documentation and information as would be required in a Registration Statement under the Securities Act, the recipients acquired the securities for investment only and not with a view towards, or for resale in connection with, the public sale or distribution thereof. The securities were offered without any general solicitation by us or our representatives. No underwriters or agents were involved in the foregoing issuances and grants and we paid no underwriting discounts or commissions. The securities sold are subject to transfer restrictions, and the certificates evidencing the securities contain an appropriate legend stating that such securities have not been registered under the Securities Act and may not be offered or sold absent registration or pursuant to an exemption therefrom. The securities were not registered under the Securities Act and such securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act and any applicable state securities laws.

Item 9.01

Financial Statements and Exhibits .

(d) Exhibits

Exhibit Number		Description

10.1*		Platform Purchase Agreement by and between Monaker Group, Inc. and Exponential, Inc., dated October 17, 2017
10.2*		Marketing and Consulting Agreement by and between Monaker Group, Inc. and Exponential, Inc., dated October 16, 2017
10.3*		Purchase Agreement between Monaker Group, Inc., as purchaser and Michael Heinze, Michael Kistner and Rebecca Dernbach, as sellers, dated November 14, 2017

* Filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	MONAKER GROUP, INC.


Date: November 17, 2017	By:	/s/ William Kerby
		Name:	William Kerby
		Title:	Chief Executive Officer

EXHIBIT INDEX

Exhibit Number		Description

10.1*		Platform Purchase Agreement by and between Monaker Group, Inc. and Exponential, Inc., dated October 17, 2017
10.2*		Marketing and Consulting Agreement by and between Monaker Group, Inc. and Exponential, Inc., dated October 16, 2017
10.3*		Purchase Agreement between Monaker Group, Inc., as purchaser and Michael Heinze, Michael Kistner and Rebecca Dernbach, as sellers, dated November 14, 2017

* Filed herewith.

Monaker Group, Inc. 8-K

Exhibit 10.1

PLATFORM PURCHASE AGREEMENT

This Platform Purchase Agreement (this “ Agreement ”) is entered into on October 17, 2017 by and between Monaker Group, Inc. a Nevada corporation (“ MKGI ”), and Exponential, Inc., a Wyoming corporation (“ XPO ”).

XPO has a background in software development and is willing to provide services to MKGI based on this background.

MKGI desires to have services provided by XPO.

Therefore, the parties agree as follows:

DESCRIPTION OF SERVICES.

The Services . Beginning on or around October 16, 2017, XPO will provide the following services (collectively, the “ Services ”):

Software Development . XPO shall develop a white label version of its e-commerce platform dubbed “XPO2” on behalf of MKGI. Said platform shall carry the name “NextTripRewards” (or similar) and will be hosted under the domain name NextTripRewards.com (NTR) or similar. Additionally, XPO shall build the API interface that connects all current and future XPO platforms developed on behalf of third-party clients to MKGI's NextTrip booking engine. Said platform and API shall delivered within 30 calendar days from the date of signature of this Agreement.

ii.

Platform Maintenance . XPO shall maintain NTR on behalf of MKGI and manage all merchant relationships, products and services sold on the platform, as well as the reporting and accounting of all transactions to MKGI.

Disclosure Materials Approval . XPO agrees that any and all disclosure materials used to provide the Services (collectively the “ Disclosure Materials ”) will be prepared solely from materials publicly available and will be subject to the prior review and reasonable approval of MKGI. XPO shall submit a final draft of any Disclosure Material to the attention of MKGI’s investor relations representative as soon as practicable prior to the anticipated date of distribution of such Disclosure Material. MKGI will use reasonable efforts to notify XPO of its acceptance or rejection of each Disclosure Material, provided, however that if MKGI does not contact XPO prior to the proposed date of distribution of the Disclosure Material, such Disclosure Material will be deemed rejected and may not be used, published or disseminated by XPO in any way.

PERFORMANCE OF SERVICES.

Manner of Services . The manner in which the Services are to be performed and the specific hours to be worked by XPO shall be determined by XPO. MKGI will rely on XPO to work as many hours as may be reasonably necessary to fulfill MKGI’s obligations under this Agreement. XPO agrees that the Services will be rendered in a “workmanlike manner,” consistent with the manner of performance by other consultants providing the same or similar services as being rendered hereunder.

PAYMENT. Subject to satisfactory performance of XPO as described and defined in Sections 1, 2, 7 and 9-13, MKGI will remit a one-time payment to XPO for the Services described as follows:

Equity Compensation . Monaker will issue 500,000 shares of restricted common stock (the “Shares”) in compensation for the delivery, maintenance and optimization of the XPO white label platform as well as other services described under paragraph 1. The 500,000 shares will include granting Monaker exclusivity for all travel sales on the XPO platform. XPO will grant Monaker a 180 day review period for performance of the platform and if Monaker should conclude, at its sole discretion, that the platform does not perform as expected, Monaker may serve notice to cancel travel exclusivity and only maintain exclusivity in the Alternative Lodging Rental category by reducing the equity issuance to 150,000 shares (i.e. cancelling 350,000 shares). Said shares shall be issued upon signature of this agreement.

All shares to be issued under this Agreement shall be issued to Exponential, Inc.

Additionally, MKGI may elect, at its sole discretion, to hire XPO for additional software development services beyond the scope of this agreement. The rate for such services shall be set at $55 per hour.

SUPPORT SERVICES. At the request of XPO, MKGI will make reasonable efforts to facilitate XPO to perform the duties as described in Section 1 and 2.

NEW PROJECT APPROVAL. XPO and MKGI recognize that XPO’s Services will include working on various projects for MKGI. XPO shall obtain the approval of MKGI prior to the commencement of a new project.

TERM/TERMINATION. This Agreement shall be valid for an initial term of three years commencing on October 16, 2017 and ending on October 15, 2020, and can be extended upon mutual agreement of the parties as provided in Section 3(c).

REPRESENTATIONS AND WARRANTIES OF XPO . XPO hereby represents and warrants to MKGI as follows:

Authorization. This Agreement, when executed and delivered by XPO, will constitute a valid and legally binding obligation of XPO, enforceable in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or other laws of general application relating to or affecting enforcement of creditors’ rights.

Organization of XPO . XPO is a corporation duly organized, validly existing and in good standing under the laws of the state of Wyoming, USA.

Accredited Investor . XPO is an “accredited investor” as defined in Rule 501(a) of Regulation D promulgated by the Securities and Exchange Commission (the “ SEC ”) under the Securities Act of 1933, as amended (the “ Act ”).

Experience . XPO has substantial experience in evaluating and investing in non-public transactions of securities in companies similar to MKGI so that it is capable of evaluating the merits and risks of its investment in MKGI and has the capacity to protect its own interests.

Investment . XPO is acquiring the Shares for investment for XPO’s own account, not as a nominee or agent, and not with the view to, or for resale in connection with, any “distribution” thereof for purposes of the Act. XPO understands that the Shares have not been, and will not be, registered under the Act by reason of a specific exemption from the registration provisions of the Act, the availability of which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of such XPO’s representations as expressed herein.

Rule 144 . XPO acknowledges that the Shares must be held indefinitely unless subsequently registered under the Act or unless an exemption from such registration is available. XPO is aware of the provisions of Rule 144 promulgated under the Act which permit limited resale of shares purchased in a non-public transaction subject to the satisfaction of certain conditions, including, among other things, the existence of a public market for the Shares, the availability of certain current public information about MKGI, the resale occurring not less than six months after full consideration for the securities has been paid or given, the sale being effected through a “broker transaction” or in transactions directly with a “market maker” and the number of shares being sold during any three-month period not exceeding specified limitations.

Access to Data . XPO has had access to the most recent annual report on Form 10-K filed by MKGI with the SEC, and each interim report filed thereafter with the SEC, has had an opportunity to discuss MKGI’s business, management and financial affairs with MKGI’s management, and has also had an opportunity to ask questions of MKGI’s officers, which questions were answered to its satisfaction.

Statutory Disqualification . Neither XPO nor any of its officers, directors, controlling persons, employees, representatives, agents, affiliates, or any other person providing Services to MKGI for or on behalf of XPO hereunder is or shall be during the term of this Agreement subject to statutory disqualification as defined in Section 3(a)(39) of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”) or Rule 506(d) under the Act.

Legends . XPO understands that each share certificate evidencing the Shares issued hereunder shall be endorsed with substantially the following legends:

THE SHARES OF STOCK REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES ACT, AND MAY NOT BE SOLD OR TRANSFERRED UNLESS COMPLIANCE WITH THE REGISTRATION PROVISIONS OF SUCH ACTS HAS BEEN MADE OR UNLESS AVAILABILITY OF AN EXEMPTION FROM SUCH REGISTRATION PROVISIONS HAS BEEN ESTABLISHED, OR UNLESS SOLD PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933, AS AMENDED.

REPRESENTATIONS AND WARRANTIES OF MKGI . MKGI hereby represents and warrants to XPO as follows:

Authorization. This Agreement, when executed and delivered by MKGI, will constitute a valid and legally binding obligation of MKGI, enforceable in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or other laws of general application relating to or affecting enforcement of creditors’ rights.

Issuance of the Shares . The Shares have been duly authorized and, when earned in accordance with this Agreement, will be duly and validly issued, fully paid and nonassessable, free and clear of all of all liens, encumbrances, interests and restrictions, except for restrictions on transfer imposed by applicable securities laws.

CONSULTANT NOT A BROKER-DEALER/ PROHIBITION FROM PARTICIPATION IN THE SALE OF SECURITIES. MKGI acknowledges that XPO is not licensed as a broker-dealer under applicable federal and state securities laws. Consequently, none of the Services hereunder are intended to be those of a broker-dealer. Pursuant to Rule 3a4-1 of the Exchange Act, XPO agrees not to perform, and MKGI expressly prohibits XPO from performing the following services: (a) making any sales of MKGI securities; (b) discussing the price of any MKGI securities; (c) delivering any offering materials for MKGI securities; (d) discussing the terms, rights or characteristics of any MKGI securities; and (e) discussing any investment in the business or securities of MKGI, except to direct any inquiries regarding the foregoing to authorized representatives of MKGI. XPO hereby represents and warrants to MKGI that XPO is not an associated person of a broker or dealer as defined in Rule 3a4-1 of the Exchange Act. At no time shall XPO provide services which would require XPO to be registered or licensed with any federal or state regulatory body or self-regulating agency.

10.

CONFIDENTIAL INFORMATION . XPO recognizes and acknowledges that certain information, including, but not limited to, information pertaining to the financial condition of MKGI, its systems, methods of doing business, agreements with customers or suppliers, or other aspects of the business of MKGI or which are sufficiently secret to derive economic value from not being disclosed (hereinafter “ Confidential Information ”) may be made available or otherwise come into the possession of XPO by reason of this engagement with MKGI. Accordingly, XPO agrees that neither it nor any agent, employee, or representative will (either during or after the term of this Agreement) disclose any Confidential Information to any person, firm, corporation, association, or other entity for any reason or purpose whatsoever or make use to its or their personal advantage or to the advantage of any third party, of any Confidential Information, without the prior written consent of MKGI. The parties hereto agree that the provisions of this Section shall not apply with respect to any information that XPO can document (i) is or becomes (through no improper action or inaction by XPO or any affiliate, agent, consultant or employee) generally available to the public, or (ii) was in its possession or known by it without any limitation on use or disclosure prior to the Effective Date. XPO shall, upon termination of this engagement, return to MKGI, and shall cause his agents, employees, and representatives to return to MKGI, all documents which reflect Confidential Information (including copies thereof). Notwithstanding anything heretofore stated in this paragraph, XPO’s obligations under this Agreement shall not, after termination of XPO’s engagement with MKGI, apply to information which has become generally available to the public without any action or omission of XPO (except that any Confidential Information which is disclosed to any third party by an employee or representative of MKGI who is authorized to make such disclosure shall be deemed to remain confidential and protectable under this provision).

11.

TRADING PRACTICES . So long as XPO is in possession of any material non-public information of MKGI, XPO shall not, directly or indirectly engage in the purchase or sale the common stock of MKGI. During the Term of this Agreement, and for a period of one year after the termination of this Agreement, XPO shall not, directly or indirectly, engage in any short selling activities of the common stock of MKGI.

12.

INDEPENDENT CONTRACTOR . XPO agrees that in performing this Agreement, it is acting as an independent contractor and not as an employee, representative, or agent of MKGI and shall provide all facilities and equipment necessary to fulfill its obligations hereunder. As an independent contractor, XPO shall make no representation as an agent or employee of MKGI, shall have no authority to bind MKGI or incur other obligations on behalf of MKGI, and shall not be eligible for any benefits which MKGI may provide to its employees. Likewise, MKGI shall have no authority to bind or incur obligations on behalf of XPO. All persons hired or retained by XPO to perform this Agreement, including, but not limited to, its employees, representatives, and agents, shall be employees or contractors of XPO and shall not be construed as employees or agents of MKGI in any respect. XPO shall be responsible for all taxes, insurance and other costs and payments legally required to be withheld or provided in connection with XPO’s performance of this Agreement, including without limitation, all withholding taxes, worker’s compensation insurance, and similar costs. XPO shall abide by all laws, rules, and regulations pertaining to the Services to be provided hereunder.

13.

EMPLOYEES. XPO’s employees, if any, who perform services for MKGI under this Agreement shall also be bound by the provisions of this Agreement.

14.

MISCELLANEOUS.

Notices . Any notice, demand, request, waiver or other communication required or permitted to be given pursuant to this Agreement must be in writing (including electronic format) and will be deemed by the parties to have been received (i) upon delivery in person (including by reputable express courier service) at the address set forth below; (ii) upon delivery by facsimile (as verified by a printout showing satisfactory transmission) at the facsimile number designated below (if sent on a business day during normal business hours where such notice is to be received and if not, on the first business day following such delivery where such notice is to be received); (iii) upon delivery by electronic mail (as verified by a printout showing satisfactory transmission) at the electronic mail address set forth below (if sent on a business day during normal business hours where such notice is to be received and if not, on the first business day following such delivery where such notice is to be received); or (iv) upon three business days after mailing with the Unit e d States Postal Service if mailed from and to a location within the continental United States by registered or certified mail, return receipt requested, addressed to the address set forth below. Any party hereto may from time to time change its physical or electronic address or facsimile number for notices by giving notice of such changed address or number to the other party in accordance with this section.

	If to MKGI at:	Monaker Group, Inc.
		2690 Weston Road
		Suite 200
		Weston, FL 33331
		Attention: William Kerby
		Email Address: bkerby@monakergroup.com



	If to XPO at:	Exponential, Inc,
		20024 Merridy Street
		Chatsworth, CA 91311
		Attention: Dom Einhorn
		Email Address: dom@xpo2.org

Entire Agreement . This Agreement contains the entire agreement of the parties and there are no other promises or conditions in any other agreement whether oral or written. This Agreement supersedes any prior written or oral agreements between the parties.

Amendment . This Agreement may be modified or amended if the amendment is made in writing and is signed by both parties.

Severability . If any provision of this Agreement shall be held to be invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and enforceable. If a court finds that any provision of this Agreement is invalid or unenforceable, but that by limiting such provision it would become valid and enforceable, then such provision shall be deemed to be written, construed, and enforced as so limited.

Waiver of Contractual Right . The failure of either party to enforce any provision of this Agreement shall not be construed as a waiver or limitation of that party’s right to subsequently enforce and compel strict compliance with every provision of this Agreement.

Applicable Law . This Agreement and the rights and duties of the parties hereto shall be construed and determined in accordance with the laws of the State of Wyoming (without giving effect to any choice or conflict of law provisions).

Arbitration . Any controversies or disputes arising out of or relating to this Agreement shall be resolved by binding arbitration in accordance with the then-current Commercial Arbitration Rules of the American Arbitration Association. The parties shall select a mutually acceptable arbitrator knowledgeable about issues relating to the subject matter of this Agreement. In the event the parties are unable to agree to such a selection, each party will select an arbitrator and the two arbitrators in turn shall select a third arbitrator, all three of whom shall preside jointly over the matter. The arbitration shall take place at a location that is reasonably centrally located between the parties, or otherwise mutually agreed upon by the parties. All documents, materials, and information in the possession of each party that are in any way relevant to the dispute shall be made available to the other party for review and copying no later than 30 days after the notice of arbitration is served. The arbitrator(s) shall not have the authority to modify any provision of this Agreement or to award punitive damages. The arbitrator(s) shall have the power to issue mandatory orders and restraint orders in connection with the arbitration. The decision rendered by the arbitrator(s) shall be final and binding on the parties, and judgment may be entered in conformity with the decision in any court having jurisdiction. The agreement to arbitration shall be specifically enforceable under the prevailing arbitration law. During the continuance of any arbitration proceeding, the parties shall continue to perform their respective obligations under this Agreement. The arbitrators shall award to the prevailing party, if any, as determined by the arbitrators, all of its costs and fees. “Costs and fees” mean all reasonable pre-award expenses of the arbitration, including the arbitrators’ fees, administrative fees, travel expenses, out-of-pocket expenses such as copying and telephone, court costs, witness fees, and attorneys’ fees.

Full Knowledge . By their signatures, the parties acknowledge that they have carefully read and fully understand the terms and conditions of this Agreement, that each party has had the benefit of counsel, or has been advised to obtain counsel, and that each party has freely agreed to be bound by the terms and conditions of this Agreement. To the extent that a party elects not to consult with such counsel, the party hereby waives any defense to inadequate representation by counsel.

Exhibits . Each of the exhibits referenced in this Agreement is annexed hereto and is incorporated herein by this reference and expressly made a part hereof.

Effect of Headings . The subject headings of the sections and subsections of this Agreement are included for convenience only and will not affect the construction of any of its provisions.

Survival of Covenants, Etc. All covenants, representations and warranties made herein shall survive the making of this Agreement and shall continue in full force and effect until the obligations of this Agreement have been fully satisfied.

Successors and Assigns . This Agreement shall be binding upon the parties and their successors and assigns and shall inure to the benefit of the other parties and successors and assigns.

Drafting . This Agreement was drafted with the joint participation of the parties and/or their legal counsel. Any ambiguity contained in this Agreement shall not be construed against any party as the draftsman, but this Agreement shall be construed in accordance with its fair meaning.

Counterparts . This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument and shall become effective when counterparts have been signed by each party and delivered to the other parties hereto, it being understood that all parties need not sign the same counterpart. Execution may be made by delivery by facsimile or electronically.

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

Monaker Group, Inc.

By:	/s/ William Kerby	Oct. 23, 2017
	William Kerby, CEO

Exponential, Inc.

By:	/s/ Dom Einhorn
	Dom Einhorn, Founder.

Monaker Group, Inc. 8-K

Exhibit 10.2

MARKETING AND CONSULTING AGREEMENT

This Marketing and Consulting Agreement (this “ Agreement ”) is entered into on October 16, 2017 by and between Monaker Group, Inc. a Nevada corporation (“ MKGI ”), and Exponential, Inc., a Wyoming corporation (“ XPO ”).

XPO has a background in software development, online marketing, advertising, public relations and lead generation, and is willing to provide services to MKGI based on this background.

MKGI desires to have services provided by XPO.

Therefore, the parties agree as follows:

DESCRIPTION OF SERVICES.

The Services . Beginning on or around October 16, 2017, XPO will provide the following services (collectively, the “ Services ”):

ii.

iii.

Payment for Transactions . XPO shall remit payment for MKGI's share of affiliate transactions within 30 days of receipt of such payments from the various merchants present on the platform.

iv.

Promotion of MKGI . XPO shall make every effort to promote MKGI (the Company) as well as MKGI's products and services via the e-commerce platform and the platform's “Daily Deals” email application.

a. Reporting . XPO shall deliver detailed campaign activity reports to MKGI, as follows:

Monthly Reports . Monthly activity reports for all other marketing efforts such as NTR and other.

Exclusivity . XPO shall grant MKGI exclusivity as the sole ALR (alternative lodging rentals) provider on its XPO2 platforms.

vi.

ASO (AppStore Optimization). XPO shall manage the ASO campaign for the NextTrip's mobile applications currently hosted on the Android Playstore and in the iOS AppStore. The total gross amount of travel bookings resulting from these marketing efforts shall count towards the performance quota outlined in 3.c. Below (Commission Compensation).

PERFORMANCE OF SERVICES.

Implementation Strategies . XPO shall implement plans and strategies that help client create awareness of its products or services among the worldwide financial community.

Marketing Strategy . XPO shall interact with MKGI management and its investor relations teams to determine the marketing strategy.

Branding . XPO shall work with the MKGI public relations team to review branding, positioning of MKGI’s marketing material to insure that said material have a positive impact on the target market.

PAYMENT. Subject to satisfactory performance of XPO as described and defined in Sections 1, 2, 7 and 9-13, MKGI will remit a one-time cash fee to XPO for the Services described as follows:

Cash Compensation . A one-time cash fee of US$15,000 to help cover the costs associated with the integration of MKGI's NextTrip (NT) platform into the XPO white label e-commerce platform. This cash fee shall be paid to XPO as follows:

- $7500 upon signature of this Agreement.

- $7500 upon successful delivery of the platform.

Equity Compensation . 150,000 shares of restricted common stock of MKGI (the “Shares”) in compensation for the delivery, maintenance and optimization of the XPO white label platform as well as other services described under paragraph 1. Said shares shall be issued upon signature of this agreement.

Commission Compensation . An additional, commission based cash compensation shall be due to XPO as long as the criteria outlined below is met during the course of this agreement:

- from $0 to $2 million in sales generated via NT, no additional cash compensation shall be due.

- any amount over $2 million in sales generated via NT shall be commissionable at a flat rate of 5% on all gross travel bookings.

The Commission Compensation shall be tracked and calculated via NT on a calendar month basis and due to XPO within 30 days after a billing statement has been issued to MKGI. The calculation of the Commission Compensation shall include any and all sales volume generated via the consumer-facing mobile applications and marketed via ASO as outlined under article 1.a.vi.

All shares to be issued under this Agreement shall be issued to Exponential, Inc.

Extension Compensation . The initial term of three years of this Agreement can be extended based on mutual written agreement executed by both parties prior to the expiration of the initial term of this Agreement.

SUPPORT SERVICES. At the request of XPO, MKGI will make reasonable efforts to facilitate XPO to perform the duties as described in Section 1 and 2.

REPRESENTATIONS AND WARRANTIES OF XPO . XPO hereby represents and warrants to MKGI as follows:

Organization of XPO . XPO is a corporation duly organized, validly existing and in good standing under the laws of the state of Wyoming, USA.

Legends . XPO understands that each share certificate evidencing the Shares issued hereunder shall be endorsed with substantially the following legends:

REPRESENTATIONS AND WARRANTIES OF MKGI . MKGI hereby represents and warrants to XPO as follows:

CONSULTANT NOT A BROKER-DEALER/ PROHIBITION FROM PARTICIPATION IN THE SALE OF SECURITIES. MKGI acknowledges that XPO is not licensed as a broker-dealer under applicable federal and state securities laws. Consequently, none of the Services hereunder are intended to be those of a broker-dealer. Pursuant to Rule 3a4-1 of the Exchange Act, XPO agrees not to perform, and MKGI expressly prohibits XPO from performing the following services: (a) making any sales of MKGI securities; (b) discussing the price of any MKGI securities; (c) delivering any offering materials for MKGI securities; (d) discussing the terms, rights or characteristics of any WMTC securities; and (e) discussing any investment in the business or securities of WMTC, except to direct any inquiries regarding the foregoing to authorized representatives of MKGI. XPO hereby represents and warrants to MKGI that XPO is not an associated person of a broker or dealer as defined in Rule 3a4-1 of the Exchange Act. At no time shall XPO provide services which would require XPO to be registered or licensed with any federal or state regulatory body or self-regulating agency.

10.

11.

12.

13.

EMPLOYEES. XPO’s employees, if any, who perform services for MKGI under this Agreement shall also be bound by the provisions of this Agreement.

14.

MISCELLANEOUS.

	If to MKGI at:	Monaker Group, Inc.
		2690 Weston Road
		Suite 200
		Weston, FL 33331
		Attention: William Kerby
		Email Address: bkerby@monakergroup.com

	If to XPO at:	Exponential, Inc,
		20024 Merridy Street
		Chatsworth, CA 91311
		Attention: Dom Einhorn
		Email Address: dom@xpo2.org

Amendment . This Agreement may be modified or amended if the amendment is made in writing and is signed by both parties.

Exhibits . Each of the exhibits referenced in this Agreement is annexed hereto and is incorporated herein by this reference and expressly made a part hereof.

Effect of Headings . The subject headings of the sections and subsections of this Agreement are included for convenience only and will not affect the construction of any of its provisions.

Successors and Assigns . This Agreement shall be binding upon the parties and their successors and assigns and shall inure to the benefit of the other parties and successors and assigns.

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

Monaker Group, Inc.

By:	/s/ William Kerby
	William Kerby, CEO

Exponential, Inc.

By:	/s/ Dom Einhorn
	Dom Einhorn, Founder.

Monaker Group, Inc. 8-K

Exhibit 10.3

Purchase Agreement

Between Monaker Group, Inc. (the “Purchaser”)

Michael Heinze, Michael Kistner and Rebecca Dernbach

(collectively the “Seller”)

This Agreement is made on this day, the 14 ^th day of November, 2017 between Monaker Group, Inc. (the “Purchaser”) located at 2690 Weston Road, Suite 200, Weston, FL 33331 and (i) Michael Heinze, (ii) Michael Kistner and Rebecca Dernbach (collectively the “Seller”) with a principal place of business at 4313 Stanford Street, Chevy Chase, Maryland.

The Purchaser and the Seller are hereinafter referred to as “Parties” and individually referred to as “Party”.

Key Terms of the Agreement are outlined below:

GRANT OF RIGHTS: Seller hereby agrees to sell to the Purchaser a non-exclusive unrestricted copy of the Source Code of Software application or Platform as detailed in Schedule A to this Agreement.

ii.

PURCHASE PRICE: Purchaser agrees to pay Seller the following:

	●	$75,000 USD on execution of this Agreement
	●	And transfer Shares of the common equity of Monaker Group, Inc. with a value of $200,000. Collectively in the name of the Seller on execution of this Agreement.

The Parties mutually agree as under:-

	○	The Purchaser shall have access to the Source Code only on receipt of the initial payment of $75,000 USD and receipt of share certificates
	○	Seller shall have the right to put the stock to Purchaser in exchange for $125,000 USD after 6 months from signing of Agreement
	○	Seller shall have the right to waive put option for up to 6 months from the signing of Agreement
	○	If Seller has not waived its put option, Purchaser may offer Shares for sale to others provided the value conveyed to Purchaser is at least $125,000 USD

iii.

MODIFICATONS AND ENHANCEMENTS: Purchaser is allowed to create derivative works and enhance the software with such work being exclusively owned by the Purchaser. Purchaser acknowledges that the Seller is entitled to revenue share in the sale or licensing of the derivative work. Should Purchaser DESIRE TO SELL OR LICENSE such derivative work either to a third party or to any of Purchaser’s affiliates, PURCHASER AND SELLER WILL ENTER INTO A MUTUALLY AGREED, SEPARATE AGREEMENT FOR REVENUE PARTICIPATION.

iv.

WARRANTY LIMITATIONS: THE SOFTWARE AND ITS SOURCE CODE IS PROVIDED “AS IS.” SELLER DISCLAIMS ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO, ALL EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. SOME STATES DO NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU.

REMEDY LIMITATIONS : Seller’s entire liability and Purchaser’s sole and exclusive remedy for breach of the foregoing warranty shall be Seller’s availability to work with Purchaser under commercially reasonable terms to repair the defects or replace the Software/Source Code.

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vi.

DAMAGE LIMITATIONS: NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR INDIRECT, SPECIAL, CONSEQUENTIAL OR INCIDENTAL DAMAGES, INCLUDING LOSS OF PROFITS, AND SELLERS’S LIABILIITY TO PURCHASER FOR ANY OTHER DAMAGES RELATING TO OR ARISING OUT OF THIS AGREEMENT WHETHER IN CONTRACT, TORT, OR OTHERWISE WILL BE LIMITED TO THE AMOUNT RECEIVED BY SELLER FROM PURCHASER AS COMPENSATION FOR THE SALE OF THE SOURCE CODE DURING THE 3 MONTH PERIOD IMMEDIATLELY PRIOR TO THE TIME SUCH CLAIM AROSE.

vii.

CONFIDENTIALITY: Purchaser will treat the Source Code as a trade secret and proprietary know-how with the same care as it treats its own confidential or proprietary information.

viii.

ARBITRATION : The Parties agree to submit any dispute under this License to binding arbitration under the rules of the American Arbitration Association in the following location: Chicago, Illinois. Judgment upon the award rendered by the arbitrator may be entered in any court with jurisdiction to do so.

ix.

CLOSING CONDITIONS: Conditions to close include:

(a)

Initial payment of $75,000

REPRESENTATIONS AND WARRANTIES OF SELLER . Seller hereby represents and warrants to Purchaser as follows:

Authorization. This Agreement, when executed and delivered by Seller, will constitute a valid and legally binding obligation of Seller, enforceable in accordance with the Key Terms outlined in section 2 (above), except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or other laws of general application relating to or affecting enforcement of creditors’ rights.

Accredited Investor . Seller is an “accredited investor” as defined in Rule 501(a) of Regulation D promulgated by the Securities and Exchange Commission (the “ SEC ”) under the Securities Act of 1933, as amended (the “ Act ”).

Investment . Seller is acquiring the Shares from the sale of the copy of Source Code for Seller’s own account, not as a nominee or agent, and not with the view to, or for resale in connection with, any “distribution” thereof for purposes of the Act. Seller understands that the Shares have not been, and will not be, registered under the Act by reason of a specific exemption from the registration provisions of the Act, the availability of which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of such Seller’s representations as expressed herein.

Rule 144 . Seller acknowledges that the common shares in Monaker Group, Inc. (Shares) are restricted and unless they are registered under the Act the release of shares will be subject to Rule 144 promulgated under the Act which permit limited resale of shares purchased in a non-public transaction subject to the satisfaction of certain conditions, including, among other things, the existence of a public market for the Shares, the availability of certain current public information about Purchaser, the resale occurring not less than six months after full consideration for the securities has been paid or given, the sale being effected through a “broker transaction” or in transactions directly with a “market maker” and the number of shares being sold during any three-month period not exceeding specified limitations.

Statutory Disqualification . Neither Seller nor any of its officers, directors, controlling persons, employees, representatives, agents, affiliates, or any other person providing Services to Purchaser for or on behalf of Seller hereunder is or shall be during the term of this Agreement subject to statutory disqualification as defined in Section 3(a)(39) of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”) or Rule 506(d) under the Act.

Legends . Seller understands that each share certificate evidencing the Shares issued hereunder shall be endorsed with substantially the following legends:

The Seller has listed the third-party software used by the Seller in Exhibit A. The Purchaser shall obtain valid licenses for use of all such third-party software listed in the Exhibit A.

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REPRESENTATIONS AND WARRANTIES OF PURCHASER . Purchaser hereby represents and warrants to Seller as follows:

Authorization : This Agreement, when executed and delivered by Purchaser, will constitute a valid and legally binding obligation of Purchaser, enforceable in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or other laws of general application relating to or affecting enforcement of creditors’ rights.

Issuance of the Shares : The Shares have been duly authorized and, when earned in accordance with this Agreement, will be duly and validly issued, fully paid and nonassessable, free and clear of all of all liens, encumbrances, interests and restrictions, except for restrictions on transfer imposed by applicable securities laws.

The Purchaser agrees and undertakes that in the event the Purchaser delays in making the payment or does not make the payment to the Seller against the put option exercised by the Seller, the Purchaser shall not have the right to use the Source Code or any derivative work created by the Purchaser.

CONFIDENTIAL INFORMATION . Seller recognizes and acknowledges that certain information, including, but not limited to, information pertaining to the financial condition of Purchaser, its systems, methods of doing business, agreements with customers or suppliers, or other aspects of the business of Purchaser or which are sufficiently secret to derive economic value from not being disclosed (hereinafter “ Confidential Information ”) may be made available or otherwise come into the possession of Seller by reason of this engagement with Purchaser. Accordingly, Seller agrees that neither it nor any agent, employee, or representative will (either during or after the term of this Agreement) disclose any Confidential Information to any person, firm, corporation, association, or other entity for any reason or purpose whatsoever or make use to its or their personal advantage or to the advantage of any third party, of any Confidential Information, without the prior written consent of Purchaser.

TRADING PRACTICES . So long as Seller is in possession of any material non-public information of Purchaser, Seller shall not, directly or indirectly engage in the purchase or sale the common stock of Purchaser. During the Term of this Agreement, and for a period of one year after the termination of this Agreement, Seller shall not, directly or indirectly, engage in any short selling activities of the common stock of Purchaser.

MISCELLANEOUS.

Notices . Any notice, demand, request, waiver or other communication required or permitted to be given pursuant to this Agreement must be in writing (including electronic format) and will be deemed by the parties to have been received (i) upon delivery in person (including by reputable express courier service) at the address set forth below; (ii) upon delivery by facsimile (as verified by a printout showing satisfactory transmission) at the facsimile number designated below (if sent on a business day during normal business hours where such notice is to be received and if not, on the first business day following such delivery where such notice is to be received); (iii) upon delivery by electronic mail (as verified by a printout showing satisfactory transmission) at the electronic mail address set forth below (if sent on a business day during normal business hours where such notice is to be received and if not, on the first business day following such delivery where such notice is to be received); or (iv) upon three business days after mailing with the Unit e d States Postal Service if mailed from and to a location within the continental United States by registered or certified mail, return receipt requested, addressed to the address set forth below. Any party hereto may from time to time change its physical or electronic address or facsimile number for notices by giving notice of such changed address or number to the other party in accordance with this section.

	If to PURCHASER at:	Monaker Group, Inc.
		2690 Weston Road
		Suite 200
		Weston, FL 33331
		Attention: William Kerby
		Phone: 888 – 777 - 3333
		Email Address: bkerby@monakergroup.com

	If to SELLER at:	Mike Kistner
		4313 Stanford Street,
		Chevy Chase, Maryland

		Phone: 48 665 996 559 or 1 602 723 0017
		Email Address: mike.kistner@gmail.com

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Entire Agreement . This Agreement contains the entire agreement of the Parties and there are no other promises or conditions in any other agreement whether oral or written. This Agreement supersedes any prior written or oral agreements between the parties.

Amendment . This Agreement may be modified or amended if the amendment is made in writing and is signed by both Parties.

Severability . If any provision of this Agreement shall be held to be invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and enforceable. If a court finds that any provision of this Agreement is invalid or unenforceable, but that by limiting such provision it would become valid and enforceable, then such provision shall be deemed to be written, construed, and enforced as so limited.

Waiver of Contractual Right . The failure of either Party to enforce any provision of this Agreement shall not be construed as a waiver or limitation of that Party’s right to subsequently enforce and compel strict compliance with every provision of this Agreement.

Applicable Law . This Agreement and the rights and duties of the Parties hereto shall be construed and determined in accordance with the laws of the State of Illinois (without giving effect to any choice or conflict of law provisions).

Arbitration . Any controversies or disputes arising out of or relating to this Agreement shall be resolved by binding arbitration in accordance with the then-current Commercial Arbitration Rules of the American Arbitration Association. The parties shall select a mutually acceptable arbitrator knowledgeable about issues relating to the subject matter of this Agreement. In the event the parties are unable to agree to such a selection, each party will select an arbitrator and the two arbitrators in turn shall select a third arbitrator, all three of whom shall preside jointly over the matter. The arbitration shall take place at a location that is reasonably centrally located between the parties, or otherwise mutually agreed upon by the parties. All documents, materials, and information in the possession of each party that are in any way relevant to the dispute shall be made available to the other party for review and copying no later than 30 days after the notice of arbitration is served. The arbitrator(s) shall not have the authority to modify any provision of this Agreement or to award punitive damages. The arbitrator(s) shall have the power to issue mandatory orders and restraint orders in connection with the arbitration. The decision rendered by the arbitrator(s) shall be final and binding on the parties, and judgment may be entered in conformity with the decision in any court having jurisdiction. The agreement to arbitration shall be specifically enforceable under the prevailing arbitration law. During the continuance of any arbitration proceeding, the parties shall continue to perform their respective obligations under this Agreement. The arbitrators shall award to the prevailing party, if any, as determined by the arbitrators, all of its costs and fees. “Costs and fees” mean all reasonable pre-award expenses of the arbitration, including the arbitrators’ fees, administrative fees, travel expenses, out-of-pocket expenses such as copying and telephone, court costs, witness fees, and attorneys’ fees.

Full Knowledge . By their signatures, the parties acknowledge that they have carefully read and fully understand the terms and conditions of this Agreement, that each party has had the benefit of counsel, or has been advised to obtain counsel, and that each party has freely agreed to be bound by the terms and conditions of this Agreement. To the extent that a party elects not to consult with such counsel, the party hereby waives any defense to inadequate representation by counsel.

Effect of Headings . The subject headings of the sections and subsections of this Agreement are included for convenience only and will not affect the construction of any of its provisions.

Survival of Covenants . . All covenants, representations and warranties made herein shall survive the making of this Agreement and shall continue in full force and effect until the obligations of this Agreement have been fully satisfied.

Successors and Assigns . This Agreement shall be binding upon the parties and their successors and assigns and shall inure to the benefit of the other parties and successors and assigns.

Counterparts . This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument and shall become effective when counterparts have been signed by each party and delivered to the other parties hereto, it being understood that all parties need not sign the same counterpart. Execution may be made by delivery by facsimile or electronically.

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

SELLER

By:	/s/ Michael Kistner		Dated:	November 14, 2017
	By Michael Kistner

(Duly authorized by Michael Heinze and Rebecca Dernbach)

PURCHASER

Monaker Group, Inc.

By:	/s/ Omar Jimenez	Dated:	14 November 2017
	Omar Jimenez
	COO / CFO

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EXHIBIT A

●

Telerik ASP.NET controls – paid license

●

iTextSharp – paid license

●

3D Vista – paid license

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