Consultant Agreement with Massagewave, Inc. dated May 1, 2018

EX-10.32 2 ex10-32.htm

 

Exhibit 10.32

 

CONSULTANT AGREEMENT

 

This Agreement is entered into as of May 1, 2018, by and between Bed Therapies LLC a Texas Limited Liability Company, hereinafter referred to as COMPANY, and Massagewave, Inc., hereinafter referred to as Consultant.

 

WHEREAS, Consultant desires to perform the services described in Schedule A (the “Services”) hereto,

 

WHEREAS, COMPANY desires to have Consultant provide the Services,

 

NOW THEREFORE, in consideration of the foregoing and the mutual promises con-tained herein, the parties agree as follows:

 

  1. Consultant has read the description of the Services and represents that he is qualified to perform the work.
     
  2. COMPANY hereby retains Consultant to provide, and Consultant hereby agrees to provide the Services.
     
  3. Consultant shall be compensated and reimbursed in accordance with Schedule A.
     
  4. Commencement Date. May 1, 2018
     
  5. Termination. This Agreement shall be in effect for the initial period specified in Schedule A. The Agreement is subject to cancellation by either party upon two months prior notice.
     
  6. Title to Data and Property Produced. Consultant agrees that title to all rights or other legal interests in all data, analyses, graphs, reports, physical property or other subject matter prepared, procured or produced in the rendition of the services, shall vest in COMPANY. Consultant agrees further to execute and assign in a form satisfactory to COMPANY giving to it title to any subject matter produced.
     
  7. Assignment of Inventions: Assistance. Consultant specifically agrees to disclose to COMPANY any and all inventions, disclosures or the like, whether patentable or not, which are first made or conceived by Consultant as a result of, and relating to, the Services. At COMPANY’s sole expense, Consultant agrees to execute or have executed and deliver to COMPANY assignments, in forms satisfactory to COMPANY, and to take all other lawful action which is deemed necessary by COMPANY, in order to vest in COMPANY title to all inventions and discoveries first made or conceived by Consultant as a result of, and as may be related to, the services specified herein.

 

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  8. Disclosure of Information. Consultant agrees neither to use nor disclose to any third party any information or other matter produced as a result of the Services, any proprietary information relating to the finances, investors, product and marketing or sales research work of COMPANY, its methods, processes, tools, machinery, formula, drawings or appliances, which have been acquired by the Consultant in the course of his service as such, or any information obtained from any COMPANY of COMPANY, except to the Government of the United States of America to the extent required by law and otherwise only as may be authorized by an officer of COMPANY, and to require a similar agreement from any agent or employee of his participating in the rendition of the services. The provisions of this paragraph shall survive the termination of this Agreement and remain in effect until such time as said information, other matter produced or proprietary information enters the public domain other than through Consultant or the agents or employees of the Consultant.
     
  9. Conflicting Interests. Upon execution of this Agreement, Consultant agrees to apprise COMPANY in writing of any firm supplying materials or services to COMPANY in which Consultant has direct ownership interest, affiliations, or other personal business relationships. In the event Consultant, during the term of this Agreement, acquires any such interests, become so affiliated, or engages in such a business relationship, Consultant agrees to so notify COMPANY in writing.
     
  10. Limitations on Liability: Consultant shall not be liable for errors, delays or other consequences of the failure of COMPANY to supply Consultant documents, data or cooperation on a timely basis. COMPANY recognizes that Consultant will be making suggestions, comments, recommendations, etc. based on Consultant’s understanding of COMPANY’s expertise and situation but that COMPANY is ultimately responsible for the decision to implement or not to implement these recommendations. The terms of this Agreement exclude all implied warranties, including implied warranties of the merchantability and fitness of a product, service or procedure for a particular purpose. COMPANY’s sole remedy for any breach or default by Consultant shall be the termination of this Agreement. In no event shall Consultant be liable for special, indirect or consequential damages to any third party.
     
  11. Indemnity: COMPANY agrees to defend and indemnify Consultant and employees and agents from any claims, proceedings or investigations arising out of, or in connection with, this Agreement, including, without limitation, amounts paid in settlement of claims and all costs of defense of such claims. Consultant will cooperate fully in such defense, as directed by COMPANY and COMPANY agrees to compensate Consultant for all such time at the rate specified in this Agreement. The parties’ obligation under this paragraph shall survive the term of this Agreement.
     
  12. Consultant hereby acknowledges that he has read this Agreement and agrees to do or perform, or cause to be done or performed, at COMPANY’s sole expense, all reasonable acts deemed by COMPANY to be necessary for performance of the Services outlined in Schedule A.

 

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  13. Consultant agrees that his status shall be that of an independent contractor without the capacity to legally bind COMPANY and not as an agent or employee.
     
  14. This Agreement shall be interpreted according to the laws of the State of Colorado.
     
  15. COMPANY shall supply Consultant with the materials and/or data described in Schedule A.
     
  16. Entire Agreement. This Agreement, including the exhibits and schedules attached to this Agreement, constitute the entire agreement and understanding among the COMPANY and Consultant with respect to the engagement. All prior representations, understandings and agreements between the parties with respect to this engagement and the other transactions contemplated by this Agreement are superseded by the terms of this Agreement.

 

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

 

Bed Therapies, LLC  
   
   
Nickolay Kukekov  

 

CONSULTANT  
     
  Massagewave, Inc.  
     
By:    
Its: President  

 

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SCHEDULE A

 

SERVICES, COMPENSATION, REIMBURSEMENT

 

SERVICES

 

The following work as assigned from time to time by the COMPANY’s Executives:

 

  ● From time to time, assist the Executive’s of the COMPANY in efforts to obtain funding for the COMPANY
     
  ● To work with Executive’s of the COMPANY to establish corporate sales, marketing and product strategies and analysis of execution of such, particularly with LA Fitness and other markets inside and outside of the US.
     
  ● To advise on operations and accounting procedures
     
  ● To assess risk and insurance needs
     
  ● To work with Executive’s on the COMPANY business development activities
     
  ● Other tasks as requested by COMPANY and accepted by Consultant.

 

COMPENSATION

 

  ● COMPANY will pay, on or about the 10th of each month, the Consultant $20,000 per month. The gross amount will be paid to the Consultant and Consultant warrants to pay any other taxes as may be required. This amount will be reviewed after 3 months and adjusted according to the number of hours per month being required of the Consultant to perform the various tasks requested by the Company.

 

REIMBURSABLE COSTS: Reasonable costs for travel or other expenses as approved by COMPANY, including but not limited to insurance expenses for product liability and general liability and office expenses not to exceed $1,000. Regarding LA Fitness, the Company will reimburse the Consutant for all equipment, installation and monthly fees for each LA Fitness location opened. Major travel costs such as airplane tickets and hotel rooms will either be paid by Consultant and reimbursed by COMPANY or paid for in advance on behalf of Consultant by COMPANY.

 

TERM: The initial term of this agreement will be from the Commencement Date until April 30, 2023, after which the agreement may be renewed under terms and conditions that have been mutually agreed upon.

 

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