Management Agreement between the Company and ELOC Holdings Corp

1.

DESCRIPTION OF SERVICES. Beginning on August 01, 2018, ELOC will provide the following services (collectively, the "Services"):

 

Coleman Smith

2.

PERFORMANCE OF SERVICES. The manner in which the Services are to be performed and the specific hours to be worked by ELOC shall be determined by ELOC. Nano will rely on ELOC to work as many hours as may be reasonably necessary to fulfill ELOC's obligations under this Agreement.

3.

PAYMENT. Nano will pay a fee to ELOC for the Services based on $10,000.00 per month. This fee shall be payable monthly, no later than the fifth day of the month following the period during which the Services were performed.

4.

EXPENSE REIMBURSEMENT. ELOC shall be entitled to reimbursement from Nano for the following "out-of-pocket" expenses:

5.

TERM/TERMINATION. This Agreement may be terminated by either party upon 60 days' written notice to the other party.

7.

EMPLOYEES. ELOC's employees, if any, who perform services for Nano under this Agreement shall also be bound by the provisions of this Agreement.

8.

INJURIES AND INSURANCE. ELOC acknowledges ELOC's obligation to obtain appropriate insurance coverage for the benefit ofELOC (and ELOC's employees, if any). ELOC waives any rights to recovery from Nano for any injuries that ELOC (and/or ELOC's employees) may sustain while performing services under this Agreement and that are a result of the negligence of ELOC or ELOC's employees.

9.

INDEMNIFICATION. ELOC agrees to indemnify and hold harmless Nano from all claims, losses, expenses, fees including attorney fees, costs, and judgments that may be asserted against Nano that result from the acts or omissions of ELOC, ELOC's employees, if any, and ELOC's agents.Nano agrees to indemnify and hold harmless ELOC from all claims, losses, expenses, fees including attorney fees, costs, and judgments that may be asserted against ELOC that result from the acts or omissions of Nano, Nano's employees, if any, and Nano's agents.

10.

OWNERSHIP OF SOCIAL MEDIA CONTACTS. Any social media contacts, including "followers" or "friends," that are acquired through accounts (including, but not limited to email addresses, biogs, Twitter, Facebook, Youtube, or other social media networks) used or created on behalf of Nano are the property of ELOC.

11.

CONFIDENTIALITY. Nano recognizes that ELOC has and will have the following information:

12.

CONFIDENTIALITY AFTER TERMINATION. The confidentiality provisions of this Agreement shall remain in full force and  effect  after  the termination  of  this Agreement.

13.

RETURN OF RECORDS. Upon termination of this Agreement, ELOC shall deliver all records, notes, data, memoranda, models, and equipment of any nature that are in ELOC's possession or under ELOC's control and that are Nano's property or relate to Nano's business.

14.

NOTICES. All notices required or permitted under this Agreement shall be in writing and shall be deemed delivered when delivered in person or deposited in the United States mail, postage prepaid, addressed as follows:

15.

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.

16.

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

17.

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.

18.

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.

19.

APPLICABLE LAW. This Agreement shall be governed by the laws of the State of California.

20.

INTERRUPTION OF SERVICE. Either party shall be excused from any delay or failure in performance required hereunder if caused by reason of any occurrence or contingency beyond its reasonable control, including, but not limited to, acts of God, acts of war, fire, insurrection, laws proclamations, edits, ordinances or regulations, strikes, lock-outs or other serious labor disputes, riots, earthquakes, floods, explosions or other acts of nature. The obligations and rights of the party so excused shall be extended on a day-to-day basis for the time period equal to the period of such excusable interruption. When such events have abated, the parties' respective obligations hereunder shall resume. In the event the interruption of the excused party's obligations continues for a period in excess of thirty (30) days, either party shall have the right to terminate this Agreement upon ten (10) days' prior written notice to the other party.

21.

ASSIGNMENT. ELOC agrees that it will not assign, sell, transfer, delegate or otherwise dispose of any rights or obligations under this Agreement without the prior written consent of Nano. Any purported assignment , transfer,  or delegation shall  be null and void. Nothing in this Agreement shall prevent the consolidation of Nano with, or its merger into, any other corporation, or the sale by Nano of all or substantially all of its properties or assets, or the assignment by Nano of this Agreement and the performance of its obligations hereunder to any  successor  in interest  or any Affiliated  Company.  Subject to the foregoing, this Agreement shall be binding upon and shall inure to the benefit of the parties and their respective heirs, legal representatives, successors , and permitted assigns, and shall not benefit any person or entity other than those enumerated above.

22.

SIGNATORIES. This Agreement shall be signed on behalf of Nano by Coleman Smith, CEO and on behalf of ELOC by Coleman Smith, CEO and effective as of the date first above written.