CONSULTING MANAGEMENT AGREEMENT

EX-10.27 28 exhibit1027.htm EXHIBIT 10.27 Filed by OTC Filings Inc. - www.otcedgar.com - 1-866-832-FILE(3453) - Cannabis Science, Inc. - Exhibit 10.27

 



THIS AGREEMENT (the "Agreement") effective as of the March 26, 2015 (the “Effective Date”), entered into between Cannabis Science, Inc., a Nevada Corporation, with its principal registered address of 6946 North Academy Blvd Suite B #254, Colorado Springs, Colorado 80918 USA email:   ***@*** (the “Company” or “CBIS”) Mark D. Hoogstad with address of De Boelelaan 7, 1083 HJ Amsterdam, The Netherlands (hereinafter referred to as the General Legal & Tax Advisor  “GLTA” or “Consultant”) in connection with the provision of the GTLA’s services to the Company.  The Company and the GTLA may be referred to herein as the "Parties" or each as a "Party".


WHEREAS:





THIS AGREEMENT WITNESSES THAT in consideration of the premises and mutual covenants contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound hereby, agree as follows:



Services”) and the GLTA accepts such engagement on the terms and conditions set forth in this Agreement.



Term”).  Any renewal period for this Agreement shall be at the sole discretion of the Company along with the renewal term including any compensation for services during the renewal term.




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Shares.  the Company shall pay the GLTA for the provision of the Services two million five hundred thousand (2,500,000) newly issued free trading S-8 common shares of Company common stock, par value $0.001 per share.


Performance Bonus. As further compensation based on job performance, product development and branding, product sales, achievement of project or operational milestones, the Company is committed to providing an additional bonus schedule for the GLTA on a semi-annual basis in the form of stock, options, or cash payments at the discretion of the Company.





Confidential Information").  The GLTA shall not be bound by the foregoing limitation in the event (i) the Confidential Information is otherwise disseminated and becomes public information or (ii) the GLTA is required to disclose the Confidential Informational pursuant to a subpoena or other judicial order.  As a material inducement to the Company entering into this Agreement, the GLTA shall, at the Company’s request, execute a confidentiality and non-disclosure agreement in a form mutually agreed upon by the Company and the GLTA.

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11.

RIGHT OF TERMINATION.  


DEFAULT/BREACH





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INDEPENDENT CONTRACTORS.  



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Time.  Time is of the essence of this Agreement.


Presumption.  This Agreement or any section thereof shall not be construed against any Party due to the fact that said Agreement or any section thereof was drafted by said Party.


Titles and Captions.  All article, section and paragraph titles or captions contained in this Agreement are for convenience only and shall not be deemed part of the context nor affect the interpretation of this Agreement.


Further Action.  The Parties hereto shall execute and deliver all documents, provide all information and take or forbear from all such action as may be necessary or appropriate to achieve the purposes of this Agreement.


Savings Clause.  If any provision of this Agreement, or the application of such provision to any person or circumstance, shall be held invalid, the remainder of this Agreement, or the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby.


Assignment. The Company and the GLTA may assign this Agreement only with the prior written consent of the other Party.


Notices.  All notices required or permitted to be given under this Agreement shall be given in writing and shall be delivered, either personally or by express delivery service, and emailed to, the Party to be notified.  Notice to each Party shall be deemed to have been duly given upon delivery, personally or by courier, to the physical and email addresses of the other Party at that Party's physical and email addresses provided on page one (1) of this Agreement, which may be updated over time with at least ten days written notice, to the other Party.  


Entire Agreement.  This Agreement contains the entire understanding and agreement among the Parties.  There are no other agreements, conditions or representations, oral or written, express or implied, with regard thereto.  This Agreement may be amended only in writing signed by all Parties.  This Agreement supersedes prior management and/or consulting agreements with the Company and the GLTA.


Waiver.  A delay or failure by any Party to exercise a right under this Agreement, or a partial or single exercise of that right, shall not constitute a waiver of that or any other right.


Counterparts.  This Agreement may be executed in duplicate counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same Agreement.  Counterparts expressly may include electronic counterparts with electronic signatures transmitted through electronic means.


Successors.  The provisions of this Agreement shall be binding upon all Parties, their successors and permitted assigns.


Counsel.  The Parties expressly acknowledge that each has been advised to seek separate counsel for advice in this matter and has been given a reasonable opportunity to do so.




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IN WITNESS WHEREOF, the Parties have duly executed and delivered this Agreement as of the date first written above.




 

Raymond C. Dabney





 

Mario S. Lap





 

By: Mark D. Hoogstad




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