WRAPmail, Inc. (OTCMKTS:WRAP) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.

On October 14, 2016, WRAPmail, Inc (“WRAP”) entered into an agreement with IDL Global (“IDL”). to the agreement, IDL will act as an agent for marketing or licensing of intellectual properties, patents, and technology owned by WRAP. IDL shall receive 10% of the value of the transaction introduced by IDL and completed by WRAP for white label projects, 11% for strategic alliances, 7.5% for mergers and acquisitions, 10% for licensing, and 10% for IP and patent transactions. Royalties made be paid as agreed by the parties.

The agreement is set to last two (2) years from the Effective Date. Unless a party delivers written notice of non-renewal to the other party at least sixty (60) days before the end of the current term, the agreement shall renew automatically each year for an additional two (2) year term.

On November 17, 2016, the Company entered into an agreement with Palladium Capital Advisors, LLC, whereby the Company engaged Palladium as its non-exclusive placement agent to sell the Company’s common shares and warrants offered to the Company’s S-1 registration statement, declared effective August 3, 2016. The shares will be sold on a best efforts basis. The term of the agreement is one year.

For its efforts, Palladium will receive 10% of the amount received by the Company from investors placed by Palladium and warrants to purchase 9% of the shares placed by Palladium. Palladium will receive 3% in stock and 3% in shares of any merger or reorganization transaction. Fees will be payable for any applicable transaction occurring during the term of the agreement or during the period 24 months thereafter.

In addition, the Company has agreed to indemnify Palladium for claims relating to its work for the Company. The parties have also agreed to settle disputes relating to the agreement through arbitration. The agreement otherwise contains standard representations and warranties. It should be noted that the agreement is dated October 6, 2016, but was not fully executed until November 17, 2016.

About WRAPmail, Inc. (OTCMKTS:WRAP)

WrapMail, Inc. provides document, project, marketing and sales management systems to business clients through its Website and software. The Company offers WRAPmail, which is a method, system and software for extracting content for integration with electronic mail. WRAPmail is an e-mail templating system (ETS) that adds graphics and letterhead to everyday e-mails. WRAPmail allows promoting the business. The Company offers various solutions, which include WRAPmail Business, WRAPmail Personal and WRAPmail Enterprise. The Company’s business edition solution is offered to any size organization. The Company’s personal edition solution is offered to any individual and/or community group. Its Enterprise solution is offered for organizations wanting to host their own environment. The Company provides all system integration support for an installation. The Company’s system provides click notification alerts and analytical report. It focuses on personal e-mail marketing (one-to-one e-mails).

WRAPmail, Inc. (OTCMKTS:WRAP) Recent Trading Information

WRAPmail, Inc. (OTCMKTS:WRAP) closed its last trading session 00.0000 at 0.0350 with 192,690 shares trading hands.