Exhibit
10.38


 


11/11/2019


 


Bioxytran


233
Needham Street


Suite
300


Newton,
MA 02464


 


Dear
David,


 


As
we discussed, I believe that FON Consulting LLC (“FON”) and Bioxytran, Inc. (the “Company”) can work together
to make the pertinent introductions that you are looking for.


 


Here
is the road map to success that we discussed - it is a tried and true approach to positioning you as thought leaders in the Family
Office space.


 


Successfully
attracting Family Offices requires brand building and developing direct dialogues. The benefit of working with Family Office Networks
is that we offer the perfect opportunity for you to do both. By utilizing our events and profile raising roadshows, Bioxytran
will be able to leverage its brand and position itself as the thought leader within the family office and alternative asset community.
Ultimately, this will produce a ready conduit of clientele.


 


Objectives:


 


Leverage
the community of family offices, sponsors, platforms and UHNWI that produce a ready conduit of clientele for Bioxytran.


 


Based
on the results from an initial planning session, Family Office Networks will position you to the family office and alternative
asset allocation community. These services will include:


 


		●	Review
                                         and analysis of your value proposition, pitch and marketing material to make sure it
                                         is optimized for the Family Office Networks community



 


		●	Strategic
                                         planning session (based on above review) with FON management on how best to position
                                         Bioxytran to our family offices and alternative asset investing community.



   



     


     


    

 


Personal
Relationships:


 


The
Company will build a direct following and most importantly leverage the personal relationships that Family Office Networks has
built over the decades.


 


These
include:


 


		●	Family
                                         Office Introductions



		●	Industry
                                         Allocator Introductions



		●	Luncheons,
                                         symposiums and panel participation (introductory emails beforehand and information for
                                         you to follow up afterward)



 


Events:


 


Family
Office Networks produces over 100 events per year. These are extremely efficient forums for our clients to meet the pertinent
FO decision makers. Our luncheons, symposiums, seminars and conferences are designed to highlight your value proposition to FOs
in a relaxed mutually beneficial environment. These are effective in helping you make direct connections to the CIO, and FO decision
makers.


 


Brand
Building:


 


The
Company will increase its brand awareness to position itself as a thought leader in your space.


 


Through
the Family Office Networks:


 


		●	Technology
                                         platform



		●	Internal
                                         Press Releases



		●	Event
                                         Announcements



		●	Mixers



		●	Sponsorships
                                         (no additional cost)



 


Our
technology platform includes:


 


		●	38
                                         Regional FO Association websites



		●	Newsletters
                                         FON News and FON Luxury (Circulation 200k + Internal people)



		●	Internal
                                         Email messaging conduit



		●	Social
                                         Media Platform



		●	Internal
                                         PR Capability



		●	External
                                         PR Capability (if you so desire)



 


Ability
to add linkable content which includes:


 


		●	Your
                                         website (linked back from our websites to your website)



		●	Videos
                                         – our new in-house studio is available for video production



		●	Press
                                         releases, etc.



		●	Dissemination/publication
                                         of thought leadership pieces, whitepapers and educational material.



  



    2


     


    

 


Family
Office Associations (following is a partial list): 


 


 


Fees
& Expenses 


 


Professional
fees: The Company agrees to cause to be delivered to FON a “Commencement Bonus” payable in the form of 250,000 (two
hundred fifty thousand) shares of the Company’s Restricted Common Stock, which represents less than 5% of the issued and
outstanding shares of common stock in the Company. This Commencement Bonus shall be issued to FON immediately following execution
of this Agreement and shall, when issued and delivered to FON, be fully paid and non-assessable. The Company understands and agrees
that FON has foregone significant opportunities to accept this engagement. The shares of common stock issued as a Commencement
Bonus, therefore, constitute payment for FON’s agreement to consult to the Company and are a non-refundable, non-apportionable,
and non-ratable retainer; such shares of common stock are not a prepayment for future services and are fully earned by FON upon
issuance. If the Company decides to terminate this Agreement after entered into for any reason whatsoever, it is agreed and understood
that FON will not be requested or demanded by the Company to return any of the shares of Common Stock paid to it as Commencement
Bonus hereunder. Further, if and in the event the Company is acquired in whole or in part, during the term of this Agreement,
it is agreed and understood FON will not be requested or demanded by the Company to return any of the shares of Common Stock paid
to it hereunder. It is further agreed that if at any time during the term of this Agreement, the Company or substantially all
of the Company’s assets are merged with or acquired by another entity, or some other change occurs in the legal entity that
constitutes the Company, FON shall retain and will not be requested by the Company to return any of the shares of Common Stock.


  



    3


     


    

 


With
each transfer of shares of Common Stock to be issued pursuant to this Agreement (collectively, the “Shares”), Company
shall cause to be issued a certificate representing the Common Stock and a written opinion of counsel for the Company stating
that said shares are validly issued, fully paid, and non- assessable and that the issuance and eventual transfer of them to FON
pursuant to this Agreement shall have been validly issued, fully paid, and non-assessable and that the issuance, and any transfer
of them to FON shall have been duly authorized by the Company’s board of directors.


 


Term
of Agreement 


 


Company
hereby agrees to retain FON to act in a consulting capacity and provide the services described above to the Company, and FON hereby
agrees to provide services to the Company commencing on the Effective Date and ending 6 months from the Effective Date unless
terminated earlier as discussed below. Upon termination of this Agreement all of FON’s services shall cease including FON’s
hosting of any information, content or data regarding the Company on FON’s technology platform.


 


Non-Assignability
of Services 


 


FON’s
services under this contract are offered to Company only and may not be assigned by Company to any entity with which Company merges
or which acquires Company or substantially all of its assets. In the event of such merger or acquisition, all compensation due
to FON herein under the schedules set forth herein shall remain due and payable, and any compensation received by FON may be retained
in the entirety by FON, all without any reduction or pro-rating and shall be considered and remain fully paid and non-assessable.
Notwithstanding the non-assignability of FON’s services, Company shall assure that in the event of any merger, acquisition
or similar change of form of entity, that its successor entity shall agree to complete all obligations to FON, including the provision
and transfer of all compensation herein and the preservation of the value thereof consistent with the rights granted to FON by
the Company herein.


 


Company
acknowledges that, to the best of its knowledge, that it has not violated any rule or provision of any regulatory agency having
jurisdiction over the Company. Company acknowledges that, to the best of its knowledge, Company is not the subject of any investigation,
claim, decree, or judgment involving any violation of the SEC or securities laws.


 



    4


     


    

 


Termination 


 


This
Agreement may be terminated by FON during the term hereof by notice to the Company in the event that the Company shall have provided
materially inaccurate or misleading information, of any type or nature, to FON, or failed or been unable to comply in any material
respect with any of the terms, conditions or provisions of this Agreement on the part of the Company to be performed, complied
with or fulfilled within the respective times, if any, herein provided for, unless compliance therewith or the performance or
satisfaction thereof shall have been expressly waived by FON in writing. Any termination of this Agreement pursuant to this section
shall be without liability of any character (including, but not limited to, loss of anticipated profits or consequential damages)
on the part of the Company, except that the Company shall remain obligated to pay the fees, other compensation and costs otherwise
to be paid, as set forth herein.


   


Status
as Independent Contractor 


 


FON’s
engagement pursuant to this Agreement shall be as independent contractor, and not as a partner, joint venture, employee, officer
or other agent of the Company. Neither party to this Agreement shall represent or hold itself out to be partner, joint venturer,
employer or employee of the other. FON further acknowledges the consideration provided hereinabove is a gross amount of consideration
and that the Company will not withhold from such consideration any amounts as to income taxes, social security payments or any
other payroll taxes. All such income taxes and other such payment shall be made or provided for by FON and the Company shall have
no responsibility or duties regarding such matters. Neither the Company nor FON possesses the authority to bind each other in
any agreements without the express written consent of the entity to be bound.


 


Confidentiality 


 


This
entire Agreement, including the terms of this Agreement, shall remain confidential in its entirety and will not be disclosed to
anyone without first receiving written consent to do so. This is a material part of this Agreement.


 


Complete
Agreement 


This
Agreement contains the entire agreement of the parties relating to the subject matter hereof. This Agreement and its terms may
not be changed orally but only by an agreement in writing signed by the party against whom enforcement of any waiver, change,
modification, extension or discharge is sought. In the event that any particular provision or provisions of this Agreement shall
for any reason hereafter be determined to be unenforceable, or in violation of any law, governmental order or regulation, such
unenforceability or violation shall not affect the remaining provisions of this Agreement, which shall continue in full force
and act and be binding upon the respective parties hereto. The language of this Agreement shall be construed as a whole, according
to its fair meaning and intent, and not strictly for or against either party hereto, regardless of who drafted or was principally
responsible for drafting the Agreement or the terms or conditions hereof.


 


	FON Consulting LLC	 
	 	 
	By (Printed Name):	 	 






	Signed: 	 	 
	Title:	 	 
	 	 
	Bioxytran , Inc	 
	 	 
	By (Printed Name):	 	 






	Signed:	 	 
	Title:	 	 




 


 


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