Letter Agreement with Carlos J. Nissensohn
September 5, 2019
Carlos J Nissensohn
Re: Consulting Agreement Extension
Dear Mr. Nissensohn,
Reference is made to the Consulting Agreement entered into by and between Quest Solution, Inc. (the “Company”) and Carlos J Nissensohn or an entity under his control, dated August 2, 2017 (the “Consulting Agreement”).
The Company and Mr. Nissensohn hereby agree pursuant to this Letter Agreement, that the term of the Consulting Agreement shall be extended for two (2) years until September 5, 2021, on the same terms as the Consulting Agreement. At that time, the term of the Consulting Agreement shall automatically extend for an additional two (2) year term unless the Consulting Agreement is terminated at the option of either party. As consideration for entering into this Letter Agreement and in light of Mr. Nissensohn’s significant contributions to the Company, the Company shall, pursuant to the Company’s 2018 Equity Incentive Plan, grant Mr. Nissensohn a signing bonus in the form of 550,000 shares of the Company’s common stock.
Additionally, the Company agrees, for the duration of the Consulting Agreement, to assume and pay the compensation owed by HTS Image Processing, Inc., its wholly-owned subsidiary, to Mr. Nissensohn in the amount of $10,000 per month.
This Letter Agreement shall be governed by the laws of the state of New York, without giving effect to any conflict of laws provision, and may not be amended other than through a written agreement executed by Quest Solution, Inc and Carlos J Nissensohn.
|Very truly yours,|
|QUEST SOLUTION, INC.|
|By:||/s/ Shai Lustgarten|
|Title:||Chief Executive Officer|
AGREED AND ACCEPTED:
|/s/ Carlos Nissensohn|
|Carlos J Nissensohn|