0001144204-07-016665 Sample Contracts

CONSULTING AGREEMENT
Consulting Agreement • April 2nd, 2007 • World Am, Inc. • Communications equipment, nec • California

This Consulting Agreement (this “Agreement”) is made this day of February 21, 2007, by and between World Am, Inc., a publicly traded Nevada corporation having an address for the purposes of this Agreement of 4040 MacArthur Blvd. Suite 240, Newport Beach, California 92660 (“World Am”), and RAH Consulting, Group Inc., a business consulting firm, having an address of 2316 Port Durness Place, Newport Beach, CA 92660 (“RAH”).

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FACTORING AND SECURITY AGREEMENT $75,000.00 FACTORING FACILITY
Factoring and Security Agreement • April 2nd, 2007 • World Am, Inc. • Communications equipment, nec • Florida

This Factoring and Security Agreement, dated as of April 25, 2005 is between World-Am, Inc, a Nevada corporation, (the "Client") and J.J. Ellis, LLC, a Florida Limited Liability Company (the "Factor").

ADDENDUM TO FACTORING AGREEMENT
Factoring Agreement • April 2nd, 2007 • World Am, Inc. • Communications equipment, nec

This is an addendum to the original Factoring Agreement dated April 25, 2005 (the “Original Agreement”) between World AM, Inc., a Nevada corporation (the “Client”) and JJ Ellis, LLC, a Florida limited liability corporation (the “Factor”).

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