Document:

EX-4.2

 Exhibit 4.2 

ONE GAS, INC. 

SUPPLEMENTAL INDENTURE NO. 3 

$300,000,000 2.00% Senior Notes due 2030 

THIS SUPPLEMENTAL INDENTURE NO. 3, dated as of May 4, 2020 (this “Supplemental Indenture”), among ONE GAS, INC.,
an Oklahoma corporation (the “Company”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”). 

RECITALS OF THE COMPANY: 

WHEREAS, the Company has heretofore executed and delivered to the Trustee an Indenture, dated as January 27, 2014 (the
“Original Indenture”) (the Original Indenture, as amended and supplemented from time to time, including without limitation pursuant to this Supplemental Indenture, being referred to herein as the
“Indenture”), providing for the issuance from time to time of one or more series of Securities (as defined in the Indenture); 

WHEREAS, Article Nine of the Original Indenture provides for various matters with respect to any series of Securities issued under the
Indenture to be established in an indenture supplemental to the Original Indenture; 
 WHEREAS, Section 9.1(7) of the Original
Indenture provides that the Company and the Trustee may enter into an indenture supplemental to the Original Indenture to establish the form or terms of Securities of any series as permitted by Sections 2.1 and 3.1 of the Original Indenture; and

 WHEREAS, all the conditions and requirements necessary to make this Supplemental Indenture, when duly executed and delivered, a valid and
binding agreement in accordance with its terms and for the purposes herein expressed, have been performed and fulfilled. 
 NOW THEREFORE,
THIS SUPPLEMENTAL INDENTURE WITNESSETH: 
 For and in consideration of the premises and the issuance of the series of Securities provided
for herein, the Company and the Trustee mutually covenant and agree for the equal and proportionate benefit of the respective Holders of the Securities of each such series as follows: 

ARTICLE I 
 RELATION TO
INDENTURE; DEFINITIONS; RULES OF CONSTRUCTION 
 SECTION 1.1 Relation to Indenture. This Supplemental Indenture constitutes
an integral part of the Indenture. 
 SECTION 1.2 Definitions. For all purposes of this Supplemental Indenture, the following
terms shall have the respective meanings set forth in this Section. 

 “Comparable Treasury Issue” means the United States Treasury
security selected by a Quotation Agent as having a maturity comparable to the remaining term of the Notes being redeemed (assuming, for this purpose, that the Notes matured on February 15, 2030) that would be utilized, at the time of selection
and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Notes. 

“Comparable Treasury Price” means with respect to any redemption date, (A) the average of the Reference Treasury
Dealer Quotations for the redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations for that redemption date, or (b) if the Company obtains fewer than four Reference Treasury Dealer Quotations, the average of
all the Reference Treasury Dealer Quotations obtained. 
 “Definitive Note” means a certificated Note that does not
include the legend prescribed in Section 2.4 of the Original Indenture. 
 “Depository” means The Depository
Trust Company, its nominees and their respective successors. 
 “Global Notes” means one or more Securities
evidencing all or part of the Securities to be issued as Book-Entry Securities, issued to the Depositary in accordance with Section 3.1 of the Original Indenture and bearing the legend prescribed in Section 2.4 of the Original Indenture.

 “Notes” shall have the meaning set forth in Section 2.1. 

“Notes Custodian” means the custodian with respect to the Global Notes (as appointed by the Depository) or an
successor person thereto, who will initially be the Trustee. 
 “Participant” means members of, or participants in,
the Depository. 
 “Quotation Agent” means one of the Reference Treasury Dealers appointed by the Company. 

“Reference Treasury Dealer” means each of (1) BofA Securities, Inc. and Mizuho Securities USA LLC, or their
respective affiliates or successors; provided, however, that if any of the foregoing or their affiliates or successors shall cease to be a primary U.S. Government securities dealer in the United States, the Company will appoint another primary U.S.
Government securities dealer as a substitute, (2) one primary U.S. Government securities dealer selected by U.S. Bancorp Investments, Inc. and (3) any other U.S. Government securities dealers selected by the Company. 

“Reference Treasury Dealer Quotations” means, for each Reference Treasury Dealer and any redemption date, the average,
as determined by the Company, of the bid and ask prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by the Reference Treasury Dealer at 5:00 p.m. New York City
time on the third business day preceding the redemption date for the Notes being redeemed. 
 “Treasury Rate” means,
for any redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price for the redemption date. 

 SECTION 1.3 Rules of Construction. For all purposes of this Supplemental
Indenture: 
  

	 	(a)	 capitalized terms used herein without definition shall have the meanings specified in the Indenture;

  

	 	(b)	 all references herein to Articles and Sections, unless otherwise specified, refer to the corresponding Articles
and Sections of this Supplemental Indenture; 

  

	 	(c)	 the terms “herein,” “hereof,” “hereunder” and other words of similar import refer
to this Supplemental Indenture; and 

  

	 	(d)	 in the event of a conflict with the definition of terms in the Indenture, the definitions in this Supplemental
Indenture shall control. 

 ARTICLE II 

THE SECURITIES 

SECTION 2.1 Title of the Notes. There shall be a series of Securities designated the 2.00% Senior Notes due 2030 (the
“Notes”). 
 SECTION 2.2 Initial Principal Amount. The Notes will be initially issued in an aggregate
principal amount of $300,000,000. 
 SECTION 2.3 Form and Dating. 

(a) General. The Notes and the Trustee’s certificate of authentication shall be substantially in the form of Exhibit A
hereto. The Notes may have notations, legends or endorsements required by law, stock exchange rule or usage. Each Note shall be dated the date of its authentication. The Notes shall be in denominations of $2,000 and integral multiples of $1,000 in
excess thereof. 
 The terms and provisions contained in the Notes shall constitute, and are hereby expressly made, a part of this
Supplemental Indenture, and the Company and the Trustee, by their execution and delivery of this Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. However, to the extent any provision of any Note conflicts
with the express provisions of this Supplemental Indenture, the provisions of this Supplemental Indenture shall govern and be controlling. 

The Company hereby designates The Depository Trust Company as the initial depository for the Global Notes. 

(b) Global Notes. The Notes shall initially be issuable in whole or in part in the form of one or more Global Notes. Such Global Notes
(i) shall be deposited with, or on behalf of, the Depository, which shall act as depository with respect to the Notes, (ii) shall bear the legend prescribed by Section 2.4 of the Original Indenture, (iii) may be exchanged in
whole or in part upon the terms and subject to the conditions provided in Section 3.5 of the Original Indenture and (iv) shall otherwise be subject to the applicable provisions of the Indenture. 

 (c) Book-Entry Provisions. This Section 2.3(c) shall apply only to a Global Note
deposited with or on behalf of the Depository. The Company shall execute and the Trustee shall, in accordance with this Section 2.3(c) and pursuant to an order of the Company, authenticate and deliver initially one or more Global Notes that
(a) shall be registered in the name of the Depository for such Global Note or Global Notes or the nominee of such Depository and (b) shall be delivered by the Trustee to such Depository or pursuant to such Depository’s instructions or
held by the Trustee as Notes Custodian. 
 Participants shall have no rights under the Indenture with respect to any Global Note held on
their behalf by the Depository or by the Trustee as Notes Custodian or under such Global Note, and the Depository may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner of such Global Note for
all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the
Depository or impair, as between the Depository and its Participants, the operation of customary practices of such Depository governing the exercise of the rights of a holder of a beneficial interest in any Global Note. 

(d) Definitive Notes. Except as provided in Section 2.4, owners of beneficial interests in Global Notes will not be entitled to
receive physical delivery of certificated Notes. 
 (e) Cancellation of Global Note. At such time as all beneficial interests in a
Global Note have either been exchanged for Definitive Notes, transferred, redeemed, repurchased or canceled, such Global Note shall be returned by the Depository to the Trustee for cancellation or retained and canceled by the Trustee. At any time
prior to such cancellation, if any beneficial interest in a Global Note is exchanged for Definitive Notes, transferred in exchange for an interest in another Global Note, redeemed, repurchased or canceled, the principal amount of Notes represented
by such Global Note shall be reduced and an adjustment shall be made on the books and records of the Trustee (if it is then the Notes Custodian for such Global Note) with respect to such Global Note, by the Trustee or the Notes Custodian, to reflect
such reduction. 
 SECTION 2.4 Definitive Notes. 

(a) A Global Note deposited with the Depository or with the Trustee as Notes Custodian pursuant to Section 2.3 shall be transferred to the
beneficial owners thereof in the form of Definitive Notes in an aggregate principal amount equal to the principal amount of such Global Note, in exchange for such Global Note in the event (i) the Depository (A) notifies the Company that
the Depository is no longer willing or able to act as a depositary or clearing system for the Notes or (B) ceases to be a “clearing agency” registered under the Securities Exchange Act of 1934, as amended, and, in either event, a
successor depositary or clearing system is not appointed by the Company within 90 days of such notice or cessation, (ii) the Company, in its sole discretion, notifies the Trustee in writing that it elects to cause the issuance of Definitive
Notes under the Indenture, or (iii) upon the occurrence and continuation of an Event of Default and the Depository notifies the Trustee of its decision to exchange the Global Note for Definitive Notes. 

 (b) Any Global Note that is transferable to the beneficial owners thereof pursuant to this
Section 2.4 shall be surrendered by the Depository to the Trustee, to be so transferred, in whole or from time to time in part, without charge, and upon Company Order the Trustee shall authenticate and deliver, upon such transfer of each
portion of such Global Note, an equal aggregate principal amount of Definitive Notes of authorized denominations. Any portion of a Global Note transferred pursuant to this Section 2.4 shall be executed, authenticated and delivered only in
denominations of $2,000 of principal amount and any integral multiple of $1,000 in excess thereof and registered in such names as the Depository shall direct. 

(c) The registered Holder of a Global Note may grant proxies and otherwise authorize any Person, including Participants and Persons that may
hold interests through Participants, to take any action which a Holder is entitled to take under the Indenture or the Notes. 
 (d) In the
event of the occurrence of any of the events specified in Section 2.4(a)(i), (ii) or (iii), the Company will promptly make available to the Trustee a reasonable supply of Definitive Notes in fully registered form without interest coupons. 

SECTION 2.5 Stated Maturity. The Stated Maturity of the Notes shall be May 15, 2030. 

SECTION 2.6 Interest and Interest Rate. The rate at which the Notes shall bear interest, the date or dates from which such
interest shall accrue, the interest payment dates on which any such interest shall be payable and the regular record date for any interest payable on any interest payment date, in each case, shall be as set forth in the form of Note set forth as
Exhibit A hereto. 
 SECTION 2.7 Optional Redemption. At its option, the Company may redeem the Notes, in whole or in
part, at any time or from time to time, at the applicable redemption price determined as set forth in the form of Note attached hereto as Exhibit A, in accordance with the terms set forth therein and in accordance with Article XI of the
Original Indenture. 
 ARTICLE III 

MISCELLANEOUS PROVISIONS 

SECTION 3.1 Ratification. The Indenture, as supplemented and amended by this Supplemental Indenture, is in all respects hereby
adopted, ratified and confirmed. 
 SECTION 3.2 Counterparts. This Supplemental Indenture may be executed in any number of
counterparts, each of which when so executed shall be deemed an original, and all such counterparts shall together constitute but one and the same instrument. 

SECTION 3.3 Governing Law. THIS SUPPLEMENTAL INDENTURE AND EACH SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK. 

 SECTION 3.4 Conflict with Trust Indenture Act. If any provision hereof limits,
qualifies or conflicts with a provision of the Trust Indenture Act that is required under such Act to be a part of and govern this Supplemental Indenture, the latter provision shall control. If any provision of this Supplemental Indenture modifies
or excludes any provision of the Trust Indenture Act that may be so modified or excluded, the latter provision shall be deemed to apply to this Supplemental Indenture as so modified or to be excluded, as the case may be. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture No. 3 to
be duly executed as of the day and year first above written. 
  

			
	ONE GAS, INC.
		
	By:	 	 /s/ Caron A. Lawhorn

		 	Caron A. Lawhorn, Senior Vice
		 	President and Chief Financial Officer

  

[SIGNATURE PAGE TO SUPPLEMENTAL INDENTURE
NO. 3] 

 
			
	U.S. BANK NATIONAL ASSOCIATION,
	 as Trustee

		
	By:	 	 /s/ George Hogan

	Name:	 	George Hogan
	Title:	 	Vice President

  

[SIGNATURE PAGE TO SUPPLEMENTAL INDENTURE
NO. 3] 

 Exhibit A 

[FORM FACE OF NOTE] 
 THIS SECURITY IS
A BOOK-ENTRY SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE OF A DEPOSITORY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN
THE DEPOSITORY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER
NOMINEE OF THE DEPOSITORY. 
 ONE GAS, INC. 

2.00% Senior Notes due 2030 
  

			
	No.	  	$                    
		  	CUSIP: 68235P AH1

 ONE Gas, Inc., a corporation duly organized and existing under the laws of Oklahoma (herein called the “Company,”
which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to , or registered assigns, the principal sum of
                , and to pay interest thereon from May 4, 2020 or from the most recent Interest Payment Date (as defined below) to which interest has been paid or
duly provided for, semi-annually on May 15 and November 15 (each such date, an “Interest Payment Date”) and in each year, commencing November 15, 2020, at the rate of 2.00% per annum, until the principal hereof is paid or
made available for payment, and (to the extent that the payment of such interest shall be legally enforceable) at the same rate on any overdue principal and premium and on any overdue installment of interest. The interest so payable, and punctually
paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date
(as defined below) for such interest, which shall be (a) the May 1 or November 1 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date or (b) so long as this note is a global note
in book-entry form on the Business Day immediately preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date (each a “Regular
Record Date”) and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the
Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities
exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the
same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse
hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
 IN WITNESS
WHEREOF, the Company has caused this instrument to be duly executed. 
 Dated: 

 

			
	ONE GAS, INC.
		
	By:	 	  

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

Dated: May 4, 2020 
  

			
	 U.S. BANK NATIONAL ASSOCIATION,

as Trustee

		
	By:	 	  

		 	Authorized Signatory

  

[SIGNATURE PAGE TO GLOBAL NOTE]

 [REVERSE OF NOTE] 

ONE GAS, INC. 
 2.00% Senior Notes
Due 2030 
 This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued
and to be issued in one or more series under an Indenture, dated as of January 27, 2014, as it may be supplemented or amended from time to time (herein called the “Indenture”), between the Company and U.S. Bank National
Association, as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one
of the series designated on the face hereof, limited in aggregate principal amount to $300,000,000. 
 Prior to February 15, 2030, the Company may
redeem this Security in whole or in part, at a “make-whole” redemption price equal to the greater of (1) 100% of the principal amount being redeemed or (2) the sum of the present values of the remaining scheduled payments of the
principal and interest (other than accrued interest) on this Security being redeemed that would be due if this Security matured on February 15, 2030, discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points for the notes plus in each of (1) and (2) above, accrued interest to, but
excluding, the redemption date. 
 At any time on or after February 15, 2030, the Company may redeem this Security, at its option, in whole or in part,
at a redemption price equal to 100% of the principal amount of the notes then outstanding to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption. 

The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security or certain restrictive covenants and Events of
Default with respect to this Security, in each case upon compliance with certain conditions set forth therein. 
 The Indenture permits, with certain
exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and
the Trustee with the consent of the Holders of not less than a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified
percentages in principal amount of the Securities at the time Outstanding of any series, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults
under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of
transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 No reference
herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the
times, place and rate, and in the coin or currency, herein prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth,
the transfer of this Security is registerable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this
Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon
one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Securities of this series are issuable only in registered form without coupons in denominations of $2,000 and whole multiples of $1,000 in excess thereof.
As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized
denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any such registration of transfer or exchange,
but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 Prior to due
presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this
Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 All terms used in this Security
which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 
 This Security shall be governed by and construed in
accordance with the laws of the State of New York.Exhibit 10.1

Chairman of the Board/ President/CEO

Compensation

AGREEMENT

 

This Chairman and President Compensation Agreement (this “Agreement”) is made as of the 31st  day of March, 2020 by and among Bioforce Nanosciences Holdings, Inc. (BFNH) a Nevada Corporation, having its principal place of business at 2020 General Booth Blvd., Unit 230 Virginia Beach, VA 23454 (“Company”), and Merle Ferguson, Chairman of Board (Chairman) and President and CEO, and is made in light of the following recitals which are a material part hereof.

 

Recital: Chairman and President are business professionals with extensive back ground in account management, contract administration, public relations, acquisitions, staff management, team building, corporate strategy, contract negotiation, corporate finance, construction management, growth strategy, public company management.   

 

NOW THEREFORE, for and in consideration of good and valuable consideration, in hand paid, including, but not limited to the mutual promises set forth herein, the receipt and sufficiency of which is acknowledged by each party hereto, the parties hereby agree as follows:

 

1.Recitals Govern.  The parties desire to enter into this agreement for purposes of carrying out the above recitals and intensions set forth above and this Agreement shall be construed in light thereof.

2. Services.  The Chairman / President / CEO agreed to provide services to the Company during the “Term” (as hereinafter defined).  Chairman / President / CEO agrees to provide such information, evaluation and analysis, in accordance with Services as will assist in maximizing the effectiveness of BFNH’s  business model both relative to its business model and to its present and contemplated capital structure.  The Chairman / President / CEO shall personally provide services and the Company understands that the nature of the services to be provided are part time and that the chairman will be engaged in other business and consulting activities during the term of this Agreement.

                                                                                         

3. a Conflicts.  The Company waives any claim of conflict and acknowledges that Chairman / President / CEO has owned and continues to own and has consulted with interests in competitive businesses.

 

3.b Confidential Information.  The Chairman / President / CEO agrees that any information  received by the Chairman / President / CEO during any furtherance of the obligations in accordance with this contract, which concerns the personal, financial or other affairs of the company will be treated by the Chairman / President / CEO in full confidence and will not be revealed to any other persons, firms or organizations.  In connection herewith, Chairman / President / CEO and the Company have entered into that Confidentiality Agreement in the form attached hereto as Schedule B.

 

3.c Role of Chairman.  Chairman shall be available to consult with the Board of Directors, the officers of the Company, and the heads of the administrative staff, at reasonable times, concerning matters pertaining to the financial organization of the related matters, the selection and retaining of institutional financial organizations, the relationship of the Company with those organizations.  Chairman shall represent the Company, its Board of Directors, its officers or any other members of the Company in any transactions or communications.

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3.d  Role of President and CEO.  President’s and CEO’s primary responsibilities include making major corporate decisions, managing the overall operations and resources of a company, acting as the main point of communication between the Board of Directors (the board) and corporate operations and being the public face of the company. 

3.e Liability.  With regard to the services to be performed by the Chairman/ President pursuant to this Agreement, the Chairman / President / CEO shall not be liable to the Company, or to anyone who may claim any right due to any relationship with the Company, for any acts or omissions in the performance of services on the part of the Chairman / President / CEO or on the part of the agents or Chairman’s of the Chairman, except when said acts or omissions of the Chairman / President / CEO are due to willful misconduct or gross negligence.  The Company shall hold the Chairman / President / CEO free and harmless from any obligations, costs, claims, judgments, attorneys’ fees, and attachments arising from or growing out of the services rendered to the Company pursuant to the terms of this agreement or in any way connected with the rendering of services, except when the same shall arise due to the willful misconduct or gross negligence of the Chairman / President / CEO and the Chairman / President / CEO is adjudged to be guilty of willful misconduct or gross negligence by a court of competent jurisdiction.

 

3. Term.  The term of this Agreement shall commence March 23, 2020 and shall continue for a period of, five (5) Years, from that date, unless sooner terminated as provided herein.  It is understood that this Agreement shall not automatically renew and no obligations to renew are implied notwithstanding continued efforts to fulfill terms and conditions incomplete as of the termination of this Agreement. This Agreement  and the duties and obligations of the Chairman may be terminated by either party giving thirty (30) days prior written notice to the other but the compensation to the end of the contract and any previously incurred and approved expenses shall be deemed earned by and due to Chairman / President. Or termination through majority shareholder votes on early termination.

 

4. President Compensation.  In consideration of the execution of the Agreement, and the performance of his obligations hereunder, as President shall receive a fee of Two Hundred Eighty Eight Dollars US ($288,000.00) per year for five (5) years of services rendered, payable in new common S3, S8, or restricted shares (dependent upon registration availability), cash or combination of cash and shares of BioForce Nanosciences Holdings, Inc. (hereinafter, the “Shares”). As per agreement between the Company and President, the shares of services in lieu of cash compensation for year one of this contract to be issued in full within 30-days of this agreement based on BFNHs closing stock price.  Future payments can be done monthly, quarterly, biannually, or year, dependent upon the economic condition of the company. If payment in shares or portions as such, shares to be issued based on the stock price value of its closing price on the day of issuance. 

 

4a. Operational Expenses. Chairman / President / CEO agrees to pay certain reasonable cash expenses for the Company, as warranted, not to exceed Fifty Thousand Dollars US ($50,000.00) in any given year, and these payments made by Chairman / President / CEO on behalf of BFNH shall be in addition to the above compensation calculation and paid with 144 - restricted or S-8 shares within 30-days of receipts justifying payment(s). Further, Chairman / President / CEO to be issued 1.5M (One Million Five Hundred Thousand) Preferred ‘A’ Shares, par value $0.0001, as an additional part of compensation per this employment agreement.

 

4b. Stock only for Services.  The parties desire to memorialize their agreement to adherer to Securities Act Release No. 33-7646, dated February 26, 1999 regarding registration of securities on Form 144 Rule 4.2 Section 4(2), incorporated herein by reference.  No duty, obligation, engagement or other thing imposed on either the Company or the President hereunder shall be construed to impose any duty, obligation or other engagement in violation of the letter or spirit of said release.

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5. Out of Pocket Expenses.  The Company shall pay or reimburse the Chairman / President / CEO for all reasonable travel, business and miscellaneous expenses incurred in performing its duties under this Agreement, subject to prior approval (accept per paragraph #4a above).

6. Control as to Time and Place and Manner where Services Will Be Rendered.  It is anticipated the Chairman / President / CEO will spend up to 40 hours per week fulfilling its obligations under this Agreement.  The particular amount of time may vary from day to day or week to week.  The Chairman / President / CEO shall not be entitled to any additional compensation except where the Chairman / President / CEO performs more than 60 hours, subject to the prior written approval of the Company.  If additional work is approved, the Chairman / President / CEO will submit an itemized statement setting forth the time spent and services rendered, and the Company will pay the amounts due as indicated by statements submitted within thirty (30) days of receipt. Both the Company and the Chairman / President / CEO agree to act as an independent contractor in the performance of the duties under this Agreement.  The Chairman / President / CEO will perform most services in accordance with this Agreement at a location and at times chosen in his discretion.  The Company may from time to time request that the Chairman / President / CEO arrange for the services of others but Chairman / President / CEO shall choose and contract with same.  The Chairman / President / CEO cannot employ others without the prior authorization of the Company.  Accordingly, the Chairman / President / CEO shall be responsible for payment of all taxes including Federal, State and local taxes arising out of the Chairman’s / President’s  activities in accordance with this Agreement, including by way of illustration but not limitation, Federal and state income tax, Social Security tax, unemployment insurance taxes, and other taxes or business license fee as required.  Except as otherwise may be agreed, the Chairman / President / CEO shall at all times be in an independent contractor, rather than co-venture, agent, or representative of the Company.

 

7. Representations and Warranties.  The Company represents and warrants that (1) the shares being issued and/or sold pursuant to option are authorized to be issued by the Company; (ii) The Company has full right, power, and corporate authority to execute and enter into this Agreement, and to execute all underlying documents and to bind such entity to the terms and obligations hereto and to the underlying documents and to deliver the interests and consideration conveyed thereby, same being authorized by power and authority vested in the party signing on behalf of the Company; (iii) the Company has and will have full right, power, and authority to sell, transfer, and deliver the shares being issued and/or sold pursuant to option; (iv) the Company has no knowledge of any adverse claims affecting the subject shares and there are no notations of any adverse claims marked on the certificate for same; and (v) upon receipt, Chairman / President / CEO or his nominee will acquire the shares being issued and/or sold pursuant to option, free and clear of any security interests, mortgage, adverse claims, liens, or encumbrances of any nature or description  whatsoever, subject only to matters pertaining to the sale of securities generally including but not limited to the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder, or any state, rule, or regulation relating to the sale of securities (collectively, “Securities Laws”).  In the event that Chairman / President / CEO accepts shares not yet subject to a valid registration statement, Chairman / President / CEO represents and warrants to the Company that he will acquire same for investment and not with a view to the sale or other distribution thereof and will not at any time sell, exchange, transfer, or otherwise dispose of same under circumstances that would constitute a violation of Securities Laws.  Each party acknowledges the creation, modification and/or transfer of securities and represents and warrants to all others that it has reviewed the transaction with counsel and that no registration or representations are required and that all rights of recourse or rescission resulting from such transfer, to the extent permitted by law, are waived and each party represents and warrants to all others that no marketing of securities to the public has occurred.  Each of the warranties, representations, and covenants, contained in this Agreement by any party thereto shall be continuous and shall survive the delivery of Chairman / President / CEO Services, the Compensation and the termination of this Agreement. Director services to the Company are done without compensation.

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8. Arbitration.  Any controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be settled by arbitration in accordance of the rules of the American Arbitration Association, and judgment upon the award rendered by the arbitrator(s) shall be entered in any court having jurisdiction thereof.  For that purpose and the resolution of any claim hereunder, the parties hereto consent to the jurisdiction and venue of an appropriate court located in the State of Virginia.  In the event that litigation results from or arises out of this Agreement or the performance thereof, the parties agree to reimburse the prevailing party’s reasonable attorney’s fees, court and all other expenses, whether or not taxable by the court as costs, in addition to any other relief to which the prevailing party may be entitled.  In such event, no action shall be entertained by said court or any court competent jurisdiction if filed more than one year subsequent to the date the cause(s) of action actually accrued regardless of whether damages were otherwise as of said time calculable.

 

9. Notices.  All notices, requests, consents, and other communications under this Agreement shall be in writing and shall be mailed by registered or certified mail, postage prepaid, or delivered by Facsimile or delivered personally to the address written above or to such other address of which the addressee shall have notified the sender in writing.  Notices mailed in accordance with this section shall be deemed given when mailed.

 

10.  Binding Effect, Assignment and Succession.  All covenants and agreements contained in this Agreement by or on behalf of any parties hereto shall bind and inure to the benefit of his, her or its respective heirs, personal representatives, successors, and assigns, whether so expressed or not.  Except for assignment of the options as provided above, no party to this Agreement may, however, assign his rights hereunder or delegate his obligations hereunder to any other person or entity without the express prior written consent of the other parties hereto.

 

11.  Entire Agreement and Interpretation.  This Agreement, including any exhibits and schedules hereto, constitutes and contains the entire agreement of the Company and the Chairman / President / CEO with respect to the provision of Chairman / President / CEO Services and Compensation and supersedes any prior agreement by the parties, whether written or oral.  It 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.  The waiver of a breach of any term or condition of this Agreement must be written and signed by the party sought to be charged with such waiver, and such waiver shall not be deemed to constitute the waiver of any other breach of the same or of any other term or condition of this agreement.  This Agreement shall be construed in accordance with and governed by the laws of the State of Delaware without regard to its rules and laws regarding conflicts of laws and each of the parties hereto irrevocably submit to the exclusive jurisdiction of any United States Federal court sitting in the State of Delaware over any action or proceeding arising out of or relating to this Agreement.  The parties hereto further waive any objection to venue in the State of Delaware and any objection to an action or proceeding in the same on the basis of forum non-convenes.

 

12. Miscellaneous.  The section headings contained in this Agreement are inserted as a matter of convenience and shall not be considered in interpreting or construing this Agreement.  This Agreement may be executed concurrently in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.  The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of the remaining provisions.  Time is of the essence of this Agreement and the obligations of the parties hereto.

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IN WITNESS WHEREOF, the Company and the Chairman / President / CEO have executed this Agreement as of the day and year first written above.

 

Company:                                                                      Chairman / President / CEO

/s/ Richard Kasier                                                         /s/ Merle Ferguson 

                                                                                              

Richard Kaiser                                                             Merle Ferguson

Secretary/ Director                                                     Chairman /President/CEO

                                                

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SCHEDULE “A” TO CONSULTING AGREEMENT

Schedule of Services and Deliverables

 

Chairman/President/CEO shall provide the following Strategic Services:

 

Chairman/President/CEO agrees to provide all necessary judiciary responsibilities and provide necessary guidance and expertise.

 

 

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SCHEDULE   “B” TO CONSULTING AGREEMENT

Confidentiality Agreement

 

This Confidentiality Agreement (hereafter this “Agreement”), is made as of the  1st day of February,  2020,  by Bioforce Nanosciences Holdings, Inc., a  Nevada Corporation, having its principal place of business at 2020 General Booth Blvd, Unit 230, Virginia Beach, VA, 23454 (“Company”), and  Merle Ferguson (“Chairman / President / CEO”). Given that the Company and Chairman/ President each desire to make certain confidential information concerning the Company, its technology, its investments, its marketing strategies, its capitalization and finances and its business as well as similar confidential information lawfully possessed by the Chairman/ President (collectively, the “Information”) for purposes agreed to be legitimate and the Company and Chairman / President / CEOeach agree to hold such Information confidential pursuant to the terms of this Agreement, in consideration of the mutual promises and other good and valuable consideration, the receipt and sufficiency of which is acknowledged and with the intent to be legally bound hereby, the Company and the Chairman / President / CEOagree as follows:

 

1.The Information includes, but is not limited to, (i) all information on the Company, (ii) any and all data and information given or made available to the Chairman by the Company for evaluation purposes, whether written or in machine-readable form, (iii) any and all of the Company’s and Chairman’s  / President’s  notes, work papers, investigations, studies, computer printouts, and any other work including electronic data files, regardless of nature containing any such data and information and (iv) all copies of any of the foregoing.

 

2. The Chairman / President / CEOand Company each understand that the Information is proprietary to the Company and its Chairman, each agrees to hold the Information given by the other strictly confidential.  The Company and Chairman/ President each agree that the Information shall be used only by the Company and Chairman and only for the purpose of reviewing and evaluating the activities of the Company, and shall not be used for any other purpose or be disclosed to any third party. Neither the Company nor its Chairman / President / CEOshall have the right to make copies or hold copies or documents except for reports and notes which have been generated by them, which reports and notes shall be retained for their exclusive use and shall remain confidential.

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3. It is understood that this Confidentiality Agreement shall not apply to any information otherwise covered herein (i) which known to either the Company or the Chairman / President / CEOprior to the date of the Confidentiality Agreement, (ii) which is disclosed to the Chairman / President / CEOor the Company by a third party who has not directly or indirectly received such Information in violation of an agreement with party from whom it was received or (iii) which is generally known within the industry.

 

4. The Company and the Chairman / President / CEOeach agree to be fully responsible and liable to the other for any and all damages caused by reason of disclosure of Information in violation of this Confidentiality Agreement by the receiving party or any of its assigns or successors.

5. This Confidentiality Agreement shall be governed by and construed in accordance with the State Laws of Nevada and shall be enforceable solely by and be for the sole benefit of the Chairman / President / CEOand Company, their successors and assigns.

 

In witness whereof, the Company and the Chairman / President / CEOhave executed this Agreement as of the date above.

 

Company:                                                                      Chairman / President/CEO

/s/Richard Kasier                                                         /s/ Merle Ferguson 

                                                                                              

Richard Kaiser                                                             Merle Ferguson

Secretary/ Director                                                     Chairman /President/CEO

 

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