# EDGAR Filing Document

**Accession Number:** 0001462223
**File Stem:** 0001654954-23-003738
**Filing Date:** 2023-3
**Character Count:** 51187
**Document Hash:** a2a63a2cf97534ab5e9fb3da4925701f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001654954-23-003738.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001654954-23-003738

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20230323

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230328

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Recruiter.com Group, Inc.
- **CENTRAL INDEX KEY:** 0001462223
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
- **IRS NUMBER:** 263090646
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40563
- **FILM NUMBER:** 23771259

**BUSINESS ADDRESS:**
- **STREET 1:** 500 SEVENTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 855-931-1500

**MAIL ADDRESS:**
- **STREET 1:** 500 SEVENTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRULI TECHNOLOGIES, INC.
- **DATE OF NAME CHANGE:** 20180627

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Truli Media Group, Inc.
- **DATE OF NAME CHANGE:** 20120709

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SA Recovery Corp.
- **DATE OF NAME CHANGE:** 20090417

?xml version="1.0" encoding="utf-8"?rcrt_8k.htm

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**________________________________**

**FORM 8-K**

**________________________________**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): March 23, 2023**

**________________________________**

---

| |
|:---|
| **RECRUITER.COM GROUP, INC.** |
| (Exact name of registrant as specified in its charter) |

---

---

| | | |
|:---|:---|:---|
| **Nevada** | **001-53641** | **90-1505893** |
| (State or other jurisdiction <br>of incorporation)  | (Commission<br>File Number)  | (IRS Employer<br>Identification No.) |

---

**500 Seventh Avenue**

**<u>New York, New York 10018</u>**

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: **(855) 931-1500**

<u>**Not Applicable**</u>

(Former name or former address, if changed since last report.)

**________________________________**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of class | Trading symbol | Name of exchange on which registered |
| Common Stock | RCRT | NASDAQ Capital Market |
| Common Stock Purchase Warrants | RCRTW | NASDAQ Capital Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01 Entry into a Material Definitive Agreement.**

On March 23, 2023, Recruiter.com Group, Inc. (the "Company") entered into a Master Referral Agreement ("Master Agreement") and a Strategic Referral Agreement ("Strategic Agreement") with Job Mobz Inc. ("Job Mobz"). Pursuant to the Master Agreement, the Company may from time to time refer certain clients of the Company to Job Mobz. For each new client of Job Mobz, with whom Job Mobz did note have commercial contact with in the 12 months preceding the referral, Job Mobz shall pay to the company a referral fee as set forth in the Agreement. The amount of the referral fee is dependent upon whether the referral is an existing client of the Company, a new client of the Company, or a client of the Company who purchases services from Job Mobz of a nature not historically offered by the Company. Referral fees under the Master Agreement are subject to certain minimum and maximum payout amounts. The Master Agreement generally continues until the maximum payout is achieved or until 36 months have elapsed. Once enough referral fees are paid so that minimum commission is achieved, the Strategic Agreement comes into full force and effect which will then govern referral fees for new clients of the Company or a client of the Company who purchase services from Job Mobz of a nature not historically offered by the Company. The Strategic Agreement generally can be terminated upon 60 days prior written notice to the other party.

The summaries of the Master Agreement and the Strategic Agreement do not purport to be complete and are qualified in their entirety by reference to the full texts of the Master Agreement and Strategic Agreement, respectively, copies of which are filed as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K.

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.** 

On March 23, 2023, Josh McBride notified Recruiter.com Group, Inc. (the "Company") of his decision to resign from his position as Chief Revenue Officer of the Company, effective as of March 23, 2023.

**Item 9.01 Financial Statements and Exhibits**

**(d) Exhibits:**

---

| | |
|:---|:---|
| **Exhibit** | **Descriptio**n |
| [10.1](rcrt_ex101.htm) | [Master Referral Agreement, by and between the Company and Job Mobz Inc., dated March 23, 2023.](rcrt_ex101.htm)  |
| [10.2](rcrt_ex102.htm) | [Strategic Referral Agreement, by and between the Company and Job Mobz Inc., dated March 23, 2023.](rcrt_ex102.htm)  |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

2<br>

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **Recruiter.com Group, Inc.** | **Recruiter.com Group, Inc.** |
| Date: March 28, 2023 | By: | /s/ Evan Sohn |
|  |  | Evan Sohn |
|  |  | Chief Executive Officer |

---

3<br>

## Exhibit 10.1

**EXHIBIT 10.1**

**MASTER REFERRAL AGREEMENT**

This Master Referral Agreement (the **"Agreement"**) is entered into as of March 22, 2023 (the **"Eﬀective Date"**), by and between Job Mobz Inc. with a principal place of business at **2261 Market Street #5056, San Francisco, CA 94114** (the **"Company"**) and Recruiter.com Recruiting Solutions, LLC, a Delaware limited liability company, with a principal place of business at 123 Farmington Avenue Suite 252, Bristol, CT 06010 ("**Partner**"). Company and Partner may each be referred to as a "Party" and collectively as the "Parties."

**1.** **Purpose.** Company is in the business of employee and contractor recruiting solutions ()"**Company Business**") and Partner is in a position to refer potential clients/customers and assign certain current customers contracts to Company and Company wishes for Partner to do so.

**2.** **Terms.** 

---

| | |
|:---|:---|
| a.  | The "**Base Referral Percentage**" shall be five percent (5%) in March and April 2023, ten percent (10%) in May 2023, fifteen percent (15%) in June of 2023 and twenty percent (20%) thereafter. |
| b.  | The "**Monthly Recurring Revenue**" or "**MRR**" shall mean the total Gross Sales actually received by Company from all Referred Clients (as defined below) in any given calendar month. |
| c.  | "**Gross Sales**" shall mean total gross sales actually received by Company from a Referred Client less any sales tax, and processing fees charged to Company. Prepayments shall not be included in the calculation of Gross Sales until actually earned. |
| d.  | The "**Minimum Commission**" shall be equal to the MRR for April 2023 multiplied by thirty-five percent (35%); that result multiplied by twelve (12). |
|  | By way of example only, if the MRR for April 2023 is $100,000, the Minimum Commission would be $420,000; the formula is $100,000 x .35 x 12 = $420,000. |
| e.  | The "**Maximum Commission**" shall be equal to the MRR for April 2023 multiplied by seventy-five percent (75%); that result multiplied by twelve (12). By way of example only, using the same amounts from Section 2.d above, the formula is $100,000 x .75 x 12 = $900,000. |
| f.  | The "**Prepayment Amount**" shall be equal to: two-hundred and fifty thousand dollars ($250000) less the product of: total Gross Sales actually received by Partner in March for services performed in March multiplied by the quotient of the date number of the Effective Date divided by thirty-one (31). |

---

Page **1** of **12**

**3.** **Referral Arrangement.** 

a. Upon the Effective Date of this Agreement, Partner may, from time-to-time transfer, assign or refer ()"**Refer**") certain clients to Company. For each new client of Company, with whom Company did not have Commercial Contact with in the twelve (12) months immediately prior to that Client being Referred to Company (each a "**Referred Client** "), Company shall pay to Partner the Referral Fee (as defined below). Company shall notify Partner within thirty (30) days of being Referred a client if Company had Commercial Contact with such "new" client prior to such Referral; except that a failure to notify Partner shall not be a material breach of this Agreement nor obligate Company to pay the associated Referral Fee for such client. As used to calculate the Referral Fee, a Referred Client shall mean such client only to the extent of the line of work or industry for which Partner explicitly Referred such client to Company. "**Commercial Contact**" shall mean: (i) rendering commercial services for compensation, or (ii) actively engaging in contractual or sales negotiations to render commercial services for compensation, as can be shown by written documentation.

b. CNH Industrial shall not be deemed a Referred Client.

c. The "**Referral Fee**" shall be calculated as follows:

i. The "**Existing Client Commission**:" For each Referred Client, who had purchased services from Partner in the three (3) months immediately preceding the Effective Date and who purchases services from Company of a nature historically offered by Partner, the Referral Fee shall be calculated as the MRR attributable to that Referred Client multiplied by the Base Referral Percentage as of the date the client is Referred to Company.

ii. The "**New Client Commission**:" For each Referred Client, who had not purchased services from Partner in the three (3) months immediately preceding the Effective Date and who purchases services from Company of a nature historically offered by Partner, the Referral Fee shall be calculated as the MRR attributable to that Referred Client multiplied by twenty percent (20%).

iii. The "**New Offering Commission:**" For each Referred Client, who purchases services from Company NOT of a nature historically offered by Partner, the Referral Fee shall be calculated as the MRR less all costs of production, servicing and overhead attributable to that Referred Client multiplied by fifty percent (50%).

d. Upon payment of total Referral Fees greater than the Minimum Commission, the New Offering Commission and New Client Commission shall cease to accrue or be paid to Partner.

Page **2** of **12**

**4.** **Payment.** 

a. Within three (3) days of the Effective Date, Company shall prepay the Prepayment Amount towards the Referral Fees to be earned by Partner. Prior to July 1, 2023, Company shall prepay an additional thirty-five thousand dollars ($35,000) towards the Referral Fees to be earned by Partner.

b. All amounts owed under this Agreement shall be calculated on a monthly basis and paid within fifteen (15) days of the end of the month in which they accrued.

c. Company shall keep clear, adequate and up-to-date books with regard to all transactions involving Referred Clients and allow Partner to inspect such upon reasonable request to do so.

d. In the event that Company pays any refunds to a Referred Client, Partner shall remit the Referral Fee paid in relation to the refunded amount to Company within fifteen (15) business days of receipt of written notice of such. Company reserves the right to withhold any amounts owed under this Section 3(c) from any future payments due to Partner.

e. All amounts due and outstanding for a period greater than fifteen (15) days shall accrue interest at: fifteen percent (15%) per annum or the maximum rate allowed, whichever is less.

**5.** **Additional Obligations of Partner.** 

a. As soon as reasonably possible following the Effective Date, at the option of Company with regard to each specific contract, Partner shall assign to Company all contracts specified in Appendix B: Assigned Contracts.

**6.** **Non-Permitted Actions.** 

a. Neither Party shall take any actions that are likely to reflect negatively on the other Party in the eyes of the public or any Referred Client.

**7.** **Term.** 

a. This Agreement shall commence upon the Effective Date and will continue until terminated by either Party in accordance with Section 8 or otherwise according to the terms of this Agreement (the "**Term** ").

b. Upon such time as the total Referral Fees owed to Partner exceeds the Minimum Commission, the Strategic Referral Agreement, attached here as Appendix A shall come into full force and effect according to its terms.

Page **3** of **12**

**8.** **Termination.** 

a. If the total Referral Fees paid to Partner exceeds the Minimum Commission, this Agreement shall terminate upon the earlier occurrence of: (i) the total Referral Fees reaching the Maximum Commission, or (ii) thirty-six (36) months elapsing from the Effective Date.

b. This Agreement shall not be terminable by either Party unless mutually agreed to by the Parties or in the instance of termination by the non-breaching Party for cause due to a material breach of a material provision of this Agreement that remains uncured for a period of sixty (60) days following the delivery of notice of such breach to the breaching Party, or becomes insolvent, files a petition for bankruptcy, or commences or has commenced against it proceedings relating to bankruptcy, receivership, reorganization, or assignment for the benefit of creditors.

**9.** **Confidentiality**. During the course of this Agreement, it may be necessary for both Parties to share proprietary information, including trade secrets, industry knowledge, and other confidential information, to the other Party. Both Parties will not share or use any of this proprietary information at any time unless authorized by the disclosing Party in writing or as necessary to fulfil its obligations or rights under this Agreement. Proprietary information shall not include information that is in the public domain, information received from a third party without a duty of confidentiality, information independently developed by a Party, or information that is required to be disclosed by law or regulatory agency or by a court of competent jurisdiction (including any disclosure required by Company's parent as required by the securities laws).

**10.** **Representations and Warranties**. Both Parties represent that they are fully authorized to enter into this Agreement. The performance and obligations of either Party will not violate or infringe upon the rights of any third-party or violate any other agreement between the Parties, individually, and any other person, organization, or business or any law or governmental regulation.

**11.** **Indemnity**. Each Party agrees to indemnify and hold harmless the other Party its respective partners, shareholders, directors, agents, employees, and permitted successors and assigns against any and all third party claims, losses, damages, liabilities, penalties, punitive damages, expenses, reasonable legal fees and costs of any kind or amount whatsoever, which result from: (i) the negligent or more culpable acts or omissions of the indemnifying Party, (ii) the breach of this Agreement by the indemnifying Party, (iii) any violation of law by the indemnifying Party, and (iv) any intellectual property supplied by the indemnifying Party that infringes the rights of a third party. This section remains in full force and effect even after termination of the Agreement.

Page **4** of **12**

**12.** **Limitation of Liability**. NOTWITHSTANDING THE INDEMNIFICATION OBLIGATIONS OF EACH PARTY, UNDER NO CIRCUMSTANCES SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR ANY DAMAGES RESULTING FROM ANY PART OF THIS AGREEMENT SUCH AS, BUT NOT LIMITED TO, CONSEQUENTIAL, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, PUNITIVE OR ENHANCED DAMAGES, LOSS OF REVENUE OR ANTICIPATED PROFIT OR LOST BUSINESS, COSTS OF DELAY OR FAILURE OF DELIVERY, WHICH ARE NOT RELATED TO OR THE DIRECT RESULT OF A PARTY'S NEGLIGENCE, BREACH OF THIS AGREEMENT OR WILFUL MISCONDUCT.

**13.** **Non-Exclusivity.** Except as expressly prohibited herein, each Party retains the right to do business with Referred Clients, other organizations, companies, or individuals and may, from time to time, refer other organizations, companies, or individuals for transactions and arrangements similar to those contemplated by this Agreement.

**14.** **Non-Circumvention.** During the Term of this Agreement, Partner shall not conduct any Restricted Business with any Restricted Party without the express written permission of Company; such permission to not be unreasonably withheld. "Restricted Business" shall mean a service or product which is directly competitive with a service or product of Company. A "Restricted Party" shall be an entity whom at any point in time was a Referred Client and with whom Company has had MRR within the six (6) months immediately preceding Partner's attempted engagement with such party.

**15.** **Non-Solicitation.** During the term of this Agreement and for a period of two (2) years after its termination, Partner shall not, directly, actively and intentionally, (a) hire, engage or solicit to hire or engage any individual who is engaged as a contractor or consultant or employed by the Company or who was engaged as a contractor or consultant or employed by the Company within six months of the proposed solicitation, hire or engagement, (b) otherwise induce or attempt to induce any individual who is engaged as a contractor or consultant or employed by the Company to terminate such engagement or employment, or (c) in any way interfere with the relationship between the Company and any individual who is engaged as a contractor or consultant or employed by the Company.

**16.** **Relationship of the Parties.** 

a. Each Party acknowledges and agrees that each is an independent contractor in performing its obligations under this Agreement and that its employees are not employees or agents of the other Party for any purpose, including, but not limited to, federal, state or local unemployment insurance laws, old age benefits, social security law, workmen's compensation law, tax laws or any other industrial law, and are not eligible for any benefits to which employees of the other Party are eligible for any benefits to which employees of the other Party are eligible. Each Party is solely and exclusively liable for the payment of all required federal, state and local income, employment and unemployment taxes and associated contributions in connection with its employee's services.

a. Neither Party nor its employees have any authority, express or implied, to assume or create any obligations on behalf of the other Party and shall not use or display the other Party's name or any other trademark, logo, trade name or service mark owned or claimed by the other Party without the other Party's prior written consent. Nothing contained in this Agreement is intended to constitute or create a joint venture or partnership between the Parties. During the term of this Agreement, should the terms "joint venture," "co-venturer," "partner," "marketing partner," "teaming partner," "alliance partner", "strategic partner" or "partnership" or similar terms be used to described the relationship of the Parties under this Agreement, the Parties shall make clear that these terms refer to the spirit of cooperation between the Parties, and do not describe or expressly or implicitly create legal partnership or joint venture, or responsibility by one Party for the actions of the other.

Page **5** of **12**

**17.** **Severability.** In the event any provision of this Agreement is deemed invalid or unenforceable, in whole or in part, that part shall be severed from the remainder of the Agreement and all other provisions should continue in full force and effect as valid and enforceable.

**18.** **Waiver**. The failure by either party to exercise any right, power or privilege under the terms of this Agreement will not be construed as a waiver of any subsequent or further exercise of that right, power or privilege or the exercise of any other right, power or privilege.

**19.** **Survival**. The following provisions shall survive termination of this Agreement and continue into perpetuity unless otherwise set forth herein, if otherwise set forth herein, such other provisions to continue after termination for the time period specified in such section: 6, 9, 11, 12, 15-23, and any obligations of a Party to make payment on any unpaid amounts owed to another Party hereunder at the time of termination of this Agreement

**20.** **Legal Fees.** In the event of a dispute resulting in legal action, the successful party will be entitled to its legal fees, including, but not limited to its attorneys' fees.

**21.** **Governing Law and Jurisdiction**. The Parties agree that this Agreement shall be governed by the laws of New York. The Parties submit to the exclusive jurisdiction of the courts located in New York.

**22.** **Assignment**. Neither Party may assign its rights or delegate its obligations hereunder without the prior written consent of the other which consent shall not be unreasonably withheld. Any assignment in violation of this provision is void.

**23.** **Entire Agreement**. The Parties acknowledge and agree that this Agreement, represents the entire agreement between the Parties with respect to the subject matter thereof. In the event that the Parties desire to change, add, or otherwise modify any terms they shall do so in writing to be signed by both parties. The Parties agree that if this Agreement is transmitted electronically neither Party shall contest the validity of this Agreement, or any acknowledgement thereof, on the basis that this Agreement or acknowledgement contains an electronic signature.

[SIGNATURE PAGE TO FOLLOW]

Page **6** of **12**

The Parties agree to the terms and conditions set forth above as demonstrated by their signatures as follows:

**"COMPANY"**

Signed: <u>/s/ Jesse Tinsley</u> 

By: <u>Jesse Tinsley</u> 

Date: <u>03 / 22 / 2023</u> 

**"PARTNER"**

Signed: <u>/s/ Evan H. Sohn</u> 

By: <u>Evan H. Sohn</u> 

Date: <u>03 / 23 / 2023</u> 

Page **7** of **12**

<u>Appendix A: Strategic Partner Referral Agreement</u>

**STRATEGIC REFERRAL AGREEMENT**

This Strategic Referral Agreement (the **"Agreement"**) is entered into as of March 22, 2023 (the **"Eﬀective Date"**), by and between Job Mobz Inc. with a principal place of business at **2261 Market Street #5056, San Francisco, CA 94114** (the **"Company"**) and Recruiter.com Recruiting Solutions, LLC, a Delaware limited liability company, with a principal place of business at 123 Farmington Avenue Suite 252, Bristol, CT 06010 ("**Partner**"). Company and Partner may each be referred to as a "Party" and collectively as the "Parties."

1. **Purpose.** Company is in the business of employee and contractor recruiting solutions ()"**Company Business**") and Partner is in a position to refer potential clients/customers to Company and Company wishes for Partner to do so.

2. **Referral Arrangement.** 

a. Upon the Effective Date of this Agreement, Partner may, from time to time refer ()"**Refer**") certain business to Company. For each new client of Company, whom Company did not have Commercial Contact with in the twelve (12) months immediately prior to that Client being Referred to Company after the Effective Date of this Agreement (each a "**Referred Client**") Company shall pay to Partner the Referral Fee. Company shall notify Partner within thirty (30) days of being Referred a client if Company had Commercial Contact with such "new" client prior to such Referral; except that a failure to notify Partner shall not be a material breach of this Agreement nor obligate Company to pay the associated Referral Fee for such client. "Commercial Contact" shall mean: (i) rendering commercial services for compensation, or (ii) actively engaging in contractual or sales negotiations to render commercial services for compensation. "**Commercial Contact**" shall mean: (i) rendering commercial services for compensation, or (ii) actively engaging in contractual or sales negotiations to render commercial services for compensation, as can be shown by written documentation. Referred Clients shall not include any Clients for whom Partner is being paid a Referral Fee under the Master Referral Agreement executed between the Parties.

b. The "**Referral Fee**" shall be equal to ten percent (10%) multiplied by the Gross Sales achieved since the last calculation of the Referral Fee. "**Gross Sales**" shall mean total gross sales actually received by Company from a Referred Client less any sales tax, and processing fees charged to Company. Prepayments shall not be included in the calculation of Gross Sales until actually earned.

3. **Payment.** 

a. All amounts owed under this Agreement shall be calculated on a monthly basis and paid within fifteen (15) days of the end of the month in which they accrued.

b. Company shall keep clear, adequate and up-to-date books with regard to all transactions involving Referred Clients and allow Partner to inspect such upon reasonable request to do so.

Page **8** of **12**

c. In the event that Company pays any refunds to a Referred Client, Partner shall remit the Referral Fee paid in relation to the refunded amount to Company within fifteen (15) business days of receipt of written notice of such. Company reserves the right to withhold any amounts owed under this Section 3(c) from any future payments due to Partner.

d. All amounts due and outstanding for a period greater than fifteen (15) days shall accrue interest at: fifteen percent (15%) per annum or the maximum rate allowed, whichever is less.

4. **Non-Permitted Actions.** 

a. Neither Party shall take any actions that are likely to reflect negatively on the other Party in the eyes of the public or any Referred Client.

5. **Term.** 

a. This Agreement shall commence upon the Effective Date and will continue until terminated by either Party in accordance with Section 5(b) of this Agreement (the "**Term** ").

b. Either Party may terminate this agreement without cause upon sixty (60) days written notice to the other Party. This Agreement shall not be terminable unless in the instance of termination by the non-breaching Party for cause due to a material breach of a material provision of this Agreement that remains uncured for a period of thirty (30) days following the delivery of notice of such breach to the breaching Party, or becomes insolvent, files a petition for bankruptcy, or commences or has commenced against it proceedings relating to bankruptcy, receivership, reorganization, or assignment for the benefit of creditors..

c. Upon termination of this Agreement each Party shall cease acting in a manner that would imply a continuing relationship between the Parties and shall cease all marketing and advertising activities contemplated under this Agreement.

6. **Confidentiality.** During the course of this Agreement, it may be necessary for both Parties to share proprietary information, including trade secrets, industry knowledge, and other confidential information, to the other Party. Both Parties will not share or use any of this proprietary information at any time unless authorized by the disclosing Party in writing or as necessary to fulfil its obligations or rights under this Agreement. Proprietary information shall not include information that is in the public domain, information received from a third party without a duty of confidentiality, information independently developed by a Party, or information that is required to be disclosed by law or regulatory agency or by a court of competent jurisdiction (including any disclosure required by Company's parent as required by the securities laws).

7. **Representations and Warranties.** Both Parties represent that they are fully authorized to enter into this Agreement. The performance and obligations of either Party will not violate or infringe upon the rights of any third-party or violate any other agreement between the Parties, individually, and any other person, organization, or business or any law or governmental regulation.

Page **9** of **12**

8. **Indemnity.** Each Party agrees to indemnify and hold harmless the other Party its respective partners, shareholders, directors, agents, employees, and permitted successors and assigns against any and all third party claims, losses, damages, liabilities, penalties, punitive damages, expenses, reasonable legal fees and costs of any kind or amount whatsoever, which result from: (i) the negligent or more culpable acts or omissions of the indemnifying Party, (ii) the breach of this Agreement by the indemnifying Party, (iii) any violation of law by the indemnifying Party, and (iv) any intellectual property supplied by the indemnifying Party that infringes the rights of a third party. This section remains in full force and effect even after termination of the Agreement.

9. **Limitation of Liability.** NOTWITHSTANDING THE INDEMNIFICATION OBLIGATIONS OF EACH PARTY, UNDER NO CIRCUMSTANCES SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY OR ANY THIRD PARTY FOR ANY DAMAGES RESULTING FROM ANY PART OF THIS AGREEMENT SUCH AS, BUT NOT LIMITED TO, CONSEQUENTIAL, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, PUNITIVE OR ENHANCED DAMAGES, LOSS OF REVENUE OR ANTICIPATED PROFIT OR LOST BUSINESS, COSTS OF DELAY OR FAILURE OF DELIVERY, WHICH ARE NOT RELATED TO OR THE DIRECT RESULT OF A PARTY'S GROSS NEGLIGENCE, BREACH OF THIS AGREEMENT OR WILFUL MISCONDUCT.

10. **Non-Exclusivity.** Subject to this Agreement, each Party retains the right to do business with Referred Clients, other organizations, companies, or individuals and may from time to time, refer other organizations, companies, or individuals for transactions and arrangements similar to those contemplated by this Agreement.

11. **Non-Circumvention.** During the Term of this Agreement, Partner shall not conduct any Restricted Business with any Restricted Party without the express written permission of Company; such permission to not be unreasonably withheld. "Restricted Business" shall mean a service or product which is directly competitive with a service or product of Company. A "Restricted Party" shall be an entity whom at any point in time was a Referred Client and with whom Company has MRR within the six (6) months immediately preceding Partner's attempted engagement with such party.

12. **Non-Solicitation.** During the term of this Agreement and for a period of two (2) years after its termination, Partner shall not, directly, actively and intentionally(a) hire, engage or solicit to hire or engage any individual who is engaged as a contractor or consultant or employed by the Company or who was engaged as a contractor or consultant or employed by the Company within six months of the proposed solicitation, hire or engagement, (b) otherwise induce or attempt to induce any individual who is engaged as a contractor or consultant or employed by the Company to terminate such engagement or employment, or (c) in any way interfere with the relationship between the Company and any individual who is engaged as a contractor or consultant or employed by the Company.

Page **10** of **12**

13. **Relationship of the Parties.** 

a. Each Party acknowledges and agrees that each is an independent contractor in performing its obligations under this Agreement and that its employees are not employees or agents of the other Party for any purpose, including, but not limited to, federal, state or local unemployment insurance laws, old age benefits, social security law, workmen's compensation law, tax laws or any other industrial law, and are not eligible for any benefits to which employees of the other Party are eligible for any benefits to which employees of the other Party are eligible. Each Party is solely and exclusively liable for the payment of all required federal, state and local income, employment and unemployment taxes and associated contributions in connection with its employee's services.

b. Neither Party nor its employees have any authority, express or implied, to assume or create any obligations on behalf of the other Party and shall not use or display the other Party's name or any other trademark, logo, trade name or service mark owned or claimed by the other Party without the other Party's prior written consent. Nothing contained in this Agreement is intended to constitute or create a joint venture or partnership between the Parties. During the term of this Agreement, should the terms "joint venture," "co-venturer," "partner," "marketing partner," "teaming partner," "alliance partner", "strategic partner" or "partnership" or similar terms be used to described the relationship of the Parties under this Agreement, the Parties shall make clear that these terms refer to the spirit of cooperation between the Parties, and do not describe or expressly or implicitly create legal partnership or joint venture, or responsibility by one Party for the actions of the other.

14. **Severability.** In the event any provision of this Agreement is deemed invalid or unenforceable, in whole or in part, that part shall be severed from the remainder of the Agreement and all other provisions should continue in full force and effect as valid and enforceable.

15. **Waiver.** The failure by either party to exercise any right, power or privilege under the terms of this Agreement will not be construed as a waiver of any subsequent or further exercise of that right, power or privilege or the exercise of any other right, power or privilege.

16. **Survival.** The following provisions shall survive termination of this Agreement and continue into perpetuity unless otherwise set forth herein, if otherwise set forth herein, such other provisions to continue after termination for the time period specified in such section: 4, 6, 8, 9, 12-20 and any obligations of a Party to make payment on any unpaid amounts owed to another Party hereunder at the time of termination of this Agreement.

17. **Legal Fees.** In the event of a dispute resulting in legal action, the successful party will be entitled to its legal fees, including, but not limited to its attorneys' fees.

18. **Governing Law and Jurisdiction.** The Parties agree that this Agreement shall be governed by the laws of New York. The Parties submit to the exclusive jurisdiction of the courts located in New York.

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19. **Assignment.** Neither Party may assign its rights or delegate its obligations hereunder without the prior written consent of the other which consent shall not be unreasonably withheld. Any assignment in violation of this provision is void.

20. **Entire Agreement.** The Parties acknowledge and agree that this Agreement, represents the entire agreement between the Parties with respect to the subject matter thereof. In the event that the Parties desire to change, add, or otherwise modify any terms they shall do so in writing to be signed by both parties. The Parties agree that if this Agreement is transmitted electronically neither Party shall contest the validity of this Agreement, or any acknowledgement thereof, on the basis that this Agreement or acknowledgement contains an electronic signature.

The Parties agree to the terms and conditions set forth above as demonstrated by their signatures as follows:

"COMPANY"

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| Signed: |
| By: |
| Date:  |

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"PARTNER"

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| Signed:<u> </u> |
| By: |
| Date: |

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## Exhibit 10.2

**EXHIBIT 10.2**

**STRATEGIC REFERRAL AGREEMENT**

This Strategic Referral Agreement (the **"Agreement"**) is entered into as of March 22, 2023 (the **"Eﬀective Date"**), by and between Job Mobz Inc. with a principal place of business at **2261 Market Street #5056, San Francisco, CA 94114** (the **"Company"**) and Recruiter.com Recruiting Solutions, LLC, a Delaware limited liability company, with a principal place of business at 123 Farmington Avenue Suite 252, Bristol, CT 06010<sup>1</sup> ("**Partner**"). Company and Partner may each be referred to as a "Party" and collectively as the "Parties."

1. **Purpose.** Company is in the business of employee and contractor recruiting solutions ()"**Company Business**") and Partner is in a position to refer potential clients/customers to Company and Company wishes for Partner to do so.

2. **Referral Arrangement.** 

a. Upon the Effective Date of this Agreement, Partner may, from time to time refer ()"**Refer**") certain business to Company. For each new client of Company, whom Company did not have Commercial Contact with in the twelve (12) months immediately prior to that Client being Referred to Company after the Effective Date of this Agreement (each a "**Referred Client**") Company shall pay to Partner the Referral Fee. Company shall notify Partner within thirty (30) days of being Referred a client if Company had Commercial Contact with such "new" client prior to such Referral; except that a failure to notify Partner shall not be a material breach of this Agreement nor obligate Company to pay the associated Referral Fee for such client. "Commercial Contact" shall mean: (i) rendering commercial services for compensation, or (ii) actively engaging in contractual or sales negotiations to render commercial services for compensation. "**Commercial Contact**" shall mean: (i) rendering commercial services for compensation, or (ii) actively engaging in contractual or sales negotiations to render commercial services for compensation, as can be shown by written documentation. Referred Clients shall not include any Clients for whom Partner is being paid a Referral Fee under the Master Referral Agreement executed between the Parties.

b. The "**Referral Fee**" shall be equal to ten percent (10%) multiplied by the Gross Sales achieved since the last calculation of the Referral Fee. "**Gross Sales**" shall mean total gross sales actually received by Company from a Referred Client less any sales tax, and processing fees charged to Company. Prepayments shall not be included in the calculation of Gross Sales until actually earned.

Page **1** of **6**

3. **Payment.** 

a. All amounts owed under this Agreement shall be calculated on a monthly basis and paid within fifteen (15) days of the end of the month in which they accrued.

b. Company shall keep clear, adequate and up-to-date books with regard to all transactions involving Referred Clients and allow Partner to inspect such upon reasonable request to do so.

c. In the event that Company pays any refunds to a Referred Client, Partner shall remit the Referral Fee paid in relation to the refunded amount to Company within fifteen (15) business days of receipt of written notice of such. Company reserves the right to withhold any amounts owed under this Section 3(c) from any future payments due to Partner.

d. All amounts due and outstanding for a period greater than fifteen (15) days shall accrue interest at: fifteen percent (15%) per annum or the maximum rate allowed, whichever is less.

4. **Non-Permitted Actions.** 

a. Neither Party shall take any actions that are likely to reflect negatively on the other Party in the eyes of the public or any Referred Client.

5. **Term.** 

a. This Agreement shall commence upon the Effective Date and will continue until terminated by either Party in accordance with Section 5(b) of this Agreement (the "**Term** ").

b. Either Party may terminate this agreement without cause upon sixty (60) days written notice to the other Party. This Agreement shall not be terminable unless in the instance of termination by the non-breaching Party for cause due to a material breach of a material provision of this Agreement that remains uncured for a period of thirty (30) days following the delivery of notice of such breach to the breaching Party, or becomes insolvent, files a petition for bankruptcy, or commences or has commenced against it proceedings relating to bankruptcy, receivership, reorganization, or assignment for the benefit of creditors..

c. Upon termination of this Agreement each Party shall cease acting in a manner that would imply a continuing relationship between the Parties and shall cease all marketing and advertising activities contemplated under this Agreement.

6. **Confidentiality.** During the course of this Agreement, it may be necessary for both Parties to share proprietary information, including trade secrets, industry knowledge, and other confidential information, to the other Party. Both Parties will not share or use any of this proprietary information at any time unless authorized by the disclosing Party in writing or as necessary to fulfil its obligations or rights under this Agreement. Proprietary information shall not include information that is in the public domain, information received from a third party without a duty of confidentiality, information independently developed by a Party, or information that is required to be disclosed by law or regulatory agency or by a court of competent jurisdiction (including any disclosure required by Company's parent as required by the securities laws).

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7. **Representations and Warranties.** Both Parties represent that they are fully authorized to enter into this Agreement. The performance and obligations of either Party will not violate or infringe upon the rights of any third-party or violate any other agreement between the Parties, individually, and any other person, organization, or business or any law or governmental regulation.

8. **Indemnity.** Each Party agrees to indemnify and hold harmless the other Party its respective partners, shareholders, directors, agents, employees, and permitted successors and assigns against any and all third party claims, losses, damages, liabilities, penalties, punitive damages, expenses, reasonable legal fees and costs of any kind or amount whatsoever, which result from: (i) the negligent or more culpable acts or omissions of the indemnifying Party, (ii) the breach of this Agreement by the indemnifying Party, (iii) any violation of law by the indemnifying Party, and (iv) any intellectual property supplied by the indemnifying Party that infringes the rights of a third party. This section remains in full force and effect even after termination of the Agreement.

9. **Limitation of Liability.** NOTWITHSTANDING THE INDEMNIFICATION OBLIGATIONS OF EACH PARTY, UNDER NO CIRCUMSTANCES SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY OR ANY THIRD PARTY FOR ANY DAMAGES RESULTING FROM ANY PART OF THIS AGREEMENT SUCH AS, BUT NOT LIMITED TO, CONSEQUENTIAL, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, PUNITIVE OR ENHANCED DAMAGES, LOSS OF REVENUE OR ANTICIPATED PROFIT OR LOST BUSINESS, COSTS OF DELAY OR FAILURE OF DELIVERY, WHICH ARE NOT RELATED TO OR THE DIRECT RESULT OF A PARTY'S GROSS NEGLIGENCE, BREACH OF THIS AGREEMENT OR WILFUL MISCONDUCT.

10. **Non-Exclusivity.** Subject to this Agreement, each Party retains the right to do business with Referred Clients, other organizations, companies, or individuals and may from time to time, refer other organizations, companies, or individuals for transactions and arrangements similar to those contemplated by this Agreement.

11. **Non-Circumvention.** During the Term of this Agreement, Partner shall not conduct any Restricted Business with any Restricted Party without the express written permission of Company; such permission to not be unreasonably withheld. "Restricted Business" shall mean a service or product which is directly competitive with a service or product of Company. A "Restricted Party" shall be an entity whom at any point in time was a Referred Client and with whom Company has MRR within the six (6) months immediately preceding Partner's attempted engagement with such party.

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12. **Non-Solicitation.** During the term of this Agreement and for a period of two (2) years after its termination, Partner shall not, directly, actively and intentionally(a) hire, engage or solicit to hire or engage any individual who is engaged as a contractor or consultant or employed by the Company or who was engaged as a contractor or consultant or employed by the Company within six months of the proposed solicitation, hire or engagement, (b) otherwise induce or attempt to induce any individual who is engaged as a contractor or consultant or employed by the Company to terminate such engagement or employment, or (c) in any way interfere with the relationship between the Company and any individual who is engaged as a contractor or consultant or employed by the Company.

13. **Relationship of the Parties.** 

a. Each Party acknowledges and agrees that each is an independent contractor in performing its obligations under this Agreement and that its employees are not employees or agents of the other Party for any purpose, including, but not limited to, federal, state or local unemployment insurance laws, old age benefits, social security law, workmen's compensation law, tax laws or any other industrial law, and are not eligible for any benefits to which employees of the other Party are eligible for any benefits to which employees of the other Party are eligible. Each Party is solely and exclusively liable for the payment of all required federal, state and local income, employment and unemployment taxes and associated contributions in connection with its employee's services.

b. Neither Party nor its employees have any authority, express or implied, to assume or create any obligations on behalf of the other Party and shall not use or display the other Party's name or any other trademark, logo, trade name or service mark owned or claimed by the other Party without the other Party's prior written consent. Nothing contained in this Agreement is intended to constitute or create a joint venture or partnership between the Parties. During the term of this Agreement, should the terms "joint venture," "co-venturer," "partner," "marketing partner," "teaming partner," "alliance partner", "strategic partner" or "partnership" or similar terms be used to described the relationship of the Parties under this Agreement, the Parties shall make clear that these terms refer to the spirit of cooperation between the Parties, and do not describe or expressly or implicitly create legal partnership or joint venture, or responsibility by one Party for the actions of the other.

14. **Severability.** In the event any provision of this Agreement is deemed invalid or unenforceable, in whole or in part, that part shall be severed from the remainder of the Agreement and all other provisions should continue in full force and effect as valid and enforceable.

15. **Waiver.** The failure by either party to exercise any right, power or privilege under the terms of this Agreement will not be construed as a waiver of any subsequent or further exercise of that right, power or privilege or the exercise of any other right, power or privilege.

Page **4** of **6**

16. **Survival.** The following provisions shall survive termination of this Agreement and continue into perpetuity unless otherwise set forth herein, if otherwise set forth herein, such other provisions to continue after termination for the time period specified in such section: 4, 6, 8, 9, 12-20 and any obligations of a Party to make payment on any unpaid amounts owed to another Party hereunder at the time of termination of this Agreement.

17. **Legal Fees.** In the event of a dispute resulting in legal action, the successful party will be entitled to its legal fees, including, but not limited to its attorneys' fees.

18. **Governing Law and Jurisdiction.** The Parties agree that this Agreement shall be governed by the laws of New York. The Parties submit to the exclusive jurisdiction of the courts located in New York.

19. **Assignment.** Neither Party may assign its rights or delegate its obligations hereunder without the prior written consent of the other which consent shall not be unreasonably withheld. Any assignment in violation of this provision is void.

20. **Entire Agreement.** The Parties acknowledge and agree that this Agreement, represents the entire agreement between the Parties with respect to the subject matter thereof. In the event that the Parties desire to change, add, or otherwise modify any terms they shall do so in writing to be signed by both parties. The Parties agree that if this Agreement is transmitted electronically neither Party shall contest the validity of this Agreement, or any acknowledgement thereof, on the basis that this Agreement or acknowledgement contains an electronic signature.

[SIGNATURE PAGE TO FOLLOW]

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The Parties agree to the terms and conditions set forth above as demonstrated by their signatures as follows:

**"COMPANY"**

Signed: <u>/s/ Jesse Tinsley</u> 

By: <u>Jesse Tinsley</u> 

Date: <u>03/22/2023</u> 

**"PARTNER"**

Signed: <u>/s/ Evan Sohn</u> 

By: <u>Evan H. Sohn</u> 

Date: <u>03/23/23</u> 

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