Document:

Exhibit 10.1

DigiPath, Inc.

 

CONSULTING, CONFIDENTIALITY AND PROPRIETARY
RIGHTS AGREEMENT

 

This Consulting, Confidentiality
and Proprietary Rights Agreement ("Agreement") is entered into as of the 15th day of February 2012 (the “Effective
Date”) by and between DigiPath, Inc., a Nevada corporation (the “Company”), and Steven D. Barbee, an individual
(“Consultant”).

 

WHEREAS, the Company desires
to engage Consultant to provide certain services as set forth on Schedule A attached hereto and as specified from time to time
by the Company.

 

NOW, THEREFORE, in consideration
of the foregoing and the mutual covenants and conditions contained herein, the parties hereto agree as follows:

 

1. Engagement. The
Company hereby engages Consultant to perform, using Steven D. Barbee (the “Principal”), those duties set forth in the
Schedule A attached hereto and such other duties as may be requested from time to time by the Company. Consultant hereby accepts
such engagement upon the terms and subject to conditions set forth in this Agreement.

 

2. Compensation.
For the services rendered by Consultant under this Agreement, the Company shall pay to Consultant the compensation specified in
the Schedule A, subject to the terms and conditions set forth in this Agreement.

 

3. Term and Survivability.
The term of this Agreement shall be for a period of one year from the Effective Date. Notwithstanding the foregoing, Company may
terminate this Agreement on or after one month from the Effective Date by providing written advance notice to Consultant and Consultant
may terminate this Agreement on or after one month from the Effective Date by one-month’s written advance notice to Company.
In addition, this Agreement may be terminated if either party materially fails to perform or comply with this Agreement or any
material provision hereof. Termination shall be effective five (5) days after notice of such material failure to perform or comply
with this Agreement or any material provision hereof to the defaulting party if the defaults have not been cured within such five
(5) day period. Upon termination of this Agreement the following sections of this Agreement shall survive such termination: Sections
3, 5, 6, 7, 8, 10, 12 and 13.

 

4. Costs and Expenses
of Consultant’s Performance. Except as set forth on the Schedule A, all costs and expenses of Consultant’s performance
hereunder shall be borne by the Consultant.

 

5. Taxes. As an
independent contractor, Consultant acknowledges and agrees that it is solely responsible for the payment of any taxes and/or assessments
imposed on account of the payment of compensation to, or the performance of services by Consultant pursuant this Agreement, including,
without limitation, any unemployment insurance tax, federal and state income taxes, federal Social Security (FICA) payments, and
state disability insurance taxes. The Company shall not make any withholdings or payments of said taxes or assessments with respect
to amounts paid to Consultant hereunder; provided, however, that if required by law or any governmental agency, the Company shall
withhold such taxes or assessments from amounts due Consultant, and any such withholding shall be for Consultant's account and
shall not be reimbursed by the Company to Consultant. Consultant expressly agrees to make all payments of such taxes, as and when
the same may become due and payable with respect to the compensation earned under this Agreement.

 

6. Confidentiality.
Consultant agrees that Consultant will not, except when required by applicable law or order of a court, during the term of this
Agreement or thereafter, disclose directly or indirectly to any person or entity, or copy, reproduce or use, any Trade Secrets
(as defined below) or Confidential Information (as defined below) or other information treated as confidential by the Company known,
learned or acquired by the Consultant during the period of the Consultant's engagement by the Company. For purposes of this Agreement,
"Confidential Information" shall mean any and all Trade Secrets, knowledge, data or know-how of the Company, any of its
affiliates or of third parties in the possession of the Company or any of its affiliates, and any nonpublic technical, training,
financial and/or business information treated as confidential by the Company or any of its affiliates, whether or not such information,
knowledge, Trade Secret or data was conceived, originated, discovered or developed by Consultant hereunder. For purposes of this
Agreement, "Trade Secrets" shall include, without limitation, any formula, concept, pattern, processes, designs, device,
software, systems, list of customers, training manuals, marketing or sales or service plans, business plans, marketing plans, financial
information, or compilation of information which is used in the Company's business or in the business of any of its affiliates.
Any information of the Company or any of its affiliates which is not readily available to the public shall be considered to be
a Trade Secret unless the Company advises Consultant in writing otherwise. Consultant acknowledges that all of the Confidential
Information is proprietary to the Company and is a special, valuable and unique asset of the business of the Company, and that
Consultant's past, present and future engagement by the Company has created, creates and will continue to create a relationship
of confidence and trust between the Consultant and the Company with respect to the Confidential Information. Furthermore, Consultant
shall immediately notify the Company of any information which comes to its attention which might indicate that there has been a
loss of confidentiality with respect to the Confidential Information. In such event, Consultant shall take all reasonable steps
within its power to limit the scope of such loss.

 

7. Return of the Company’s
Proprietary Materials. Consultant agrees to deliver promptly to the Company on termination of this Agreement for whatever reason,
or at any time the Company may so request, all documents, records, artwork, designs, data, drawings, flowcharts, listings, models,
sketches, apparatus, notebooks, disks, notes, copies and similar repositories of Confidential Information and any other documents
of a confidential nature belonging to the Company, including all copies, summaries, records, descriptions, modifications, drawings
or adaptations of such materials which Consultant may then possess or have under its control. Concurrently with the return of such
proprietary materials to the Company, Consultant agrees to deliver to the Company such further agreements and assurances to ensure
the confidentiality of proprietary materials. Consultant further agrees that upon termination of this Agreement, Consultant's,
employees, consultants, agents or independent contractors shall not retain any document, data or other material of any description
containing any Confidential Information or proprietary materials of the Company.

 

8. Assignment of Proprietary
Rights. Other than the Proprietary Rights listed on the Schedule B attached hereto, if any, Consultant hereby assigns and transfers
to the Company all right, title and interest that Consultant may have, if any, in and to all Proprietary Rights (whether or not
patentable or copyrightable) made, conceived, developed, written or first reduced to practice by Consultant, whether solely or
jointly with others, during the period of Consultant's engagement by the Company which relate in any manner to the actual or anticipated
business or research and development of the Company, or result from or are suggested by any task assigned to Consultant or by any
of the work Consultant has performed or may perform for the Company.

 

Consultant acknowledges
and agrees that the Company shall have all right, title and interest in, among other items, all research information and all documentation
or manuals related thereto that Consultant develops or prepares for the Company during the period of Consultant's engagement by
the Company and that such work by Consultant shall be work made for hire and that the Company shall be the sole author thereof
for all purposes under applicable copyright and other intellectual property laws. Other than the Proprietary Rights listed on the
Schedule B attached hereto, Consultant represents and covenants to the Company that there are no Proprietary Rights relating to
the Company's business which were made by Consultant prior to Consultant's engagement by the Company. Consultant agrees promptly
to disclose in writing to the Company all Proprietary Rights in order to permit the Company to claim rights to which it may be
entitled under this Agreement. With respect to all Proprietary Rights which are assigned to the Company pursuant to this Section
8, Consultant will assist the Company in any reasonable manner to obtain for the Company's benefit patents and copyrights thereon
in any and all jurisdictions as may be designated by the Company, and Consultant will execute, when requested, patent and copyright
applications and assignments thereof to the Company, or other persons designated by the Company, and any other lawful documents
deemed necessary by the Company to carry out the purposes of this Agreement. Consultant will further assist the Company in every
way to enforce any patents, copyrights and other Proprietary Rights of the Company.

 

9. Trade Secrets of
Others. Consultant represents to the Company that its performance of all the terms of this Agreement does not and will not
breach any agreement to keep in confidence proprietary information or trade secrets acquired by Consultant in confidence or in
trust prior to its engagement by the Company, and Consultant will not disclose to the Company, or induce the Company to use, any
confidential or proprietary information or material belonging to others. Consultant agrees not to enter into any agreement, either
written or oral, in conflict with this Agreement.

 

10. Other Obligations.
Consultant acknowledges that the Company, from time to time, may have agreements with other persons which impose obligations or
restrictions on the Company regarding proprietary rights made or developed during the course of work hereunder or regarding the
confidential nature of such work. Consultant agrees to be bound by all such obligations and restrictions and to take all action
necessary to discharge the obligations of the Company hereunder.

 

11. Independent Contractor.
Consultant shall not be deemed to be an employee or agent of the Company for any purpose whatsoever. Consultant shall have the
sole and exclusive control over its employees, consultants or independent contractors who provide services to the Company, and
over the labor and employee relations policies and policies relating to wages, hours, working conditions or other conditions of
its employees, consultants or independent contractors.

 

12. Non-Solicit.
Consultant will not, during the term this Agreement and for one year thereafter, directly or indirectly (whether as an owner, partner,
shareholder, agent, officer, director, employee, independent contractor, consultant, or otherwise) with or through any individual
or entity: (i) employ, engage or solicit for employment any individual who is, or was at any time during the twelve-month period
immediately prior to the termination of this Agreement for any reason, an employee of the Company, or otherwise seek to adversely
influence or alter such individual's relationship with the Company; or (ii) solicit or encourage any individual or entity that
is, or was during the twelve-month period immediately prior to the termination of this Agreement for any reason, a customer or
vendor of the Company to terminate or otherwise alter his, her or its relationship with the Company or any of its affiliates.

 

13. Equitable Remedies.
In the event of a breach or threatened breach of the terms of this Agreement by Consultant, the parties hereto acknowledge and
agree that it would be difficult to measure the damage to the Company from such breach, that injury to the Company from such breach
would be impossible to calculate and that monetary damages would therefore be an inadequate remedy for any breach. Accordingly,
the Company, in addition to any and all other rights which may be available, shall have the right of specific performance, injunctive
relief and other appropriate equitable remedies to restrain any such breach or threatened breach without showing or proving any
actual damage to the Company.

 

14. Governing Law.
This Agreement shall be governed, construed and interpreted in accordance with the internal laws of the State of Nevada. In the
event a judicial proceeding is necessary, the sole forum for resolving disputes arising under or relating to this Agreement are
the Municipal and Superior Courts for Clark County, Nevada or the Federal District Court in Clark County, Nevada and all related
appellate courts, and the parties hereby consent to the jurisdiction of such courts, and that venue shall be in Clark County, Nevada.

 

15. Entire Agreement:
Modifications and Amendments. The terms of this Agreement are intended by the parties as a final expression of their agreement
with respect-to such terms as are included in this Agreement and may not be contradicted by evidence of any prior or contemporaneous
agreement. The Schedules A and B referred to in this Agreement is incorporated into this Agreement by this reference. This Agreement
may not be modified, changed or supplemented, nor may any obligations hereunder be waived or extensions of time for performance
granted, except by written instrument signed by the parties or by their agents duly authorized in writing or as otherwise expressly
permitted herein.

 

16. Attorneys Fees.
Should any party institute any action or proceeding to enforce this Agreement or any provision hereof, or for damages by reason
of any alleged breach of this Agreement or of any provision hereof, or for a declaration of rights hereunder, the prevailing party
in any such action or proceeding shall be entitled to receive from the other party all costs and expenses, including reasonable
attorneys' fees, incurred by the prevailing party in connection with such action or proceeding.

 

17. Prohibition of Assignment.
This Agreement and the rights, duties and obligations hereunder may not be assigned or delegated by Consultant without the prior
written consent of the Company. Any assignment of rights or delegation of duties or obligations hereunder made without such prior
written consent shall be void and of no effect.

 

18. Binding Effect:
Successors and Assignment. This Agreement and the provisions hereof shall be binding upon each of the parties, their successors
and permitted assigns.

 

19. Validity. This
Agreement is intended to be valid and enforceable in accordance with its terms to the fullest extent permitted by law. If any provision
of this Agreement is found to be invalid or unenforceable by any court of competent Jurisdiction, the invalidity or unenforceability
of such provision shall not affect the validity or enforceability of all the remaining provisions hereof.

 

20. Notices. All
notices and other communications hereunder shall be in writing and, unless otherwise provided herein, shall be deemed duly given
if delivered personally or by telecopy or mailed by registered or certified mail (return receipt requested) or by Federal Express
or other similar courier service to the parties at the following addresses or (at such other address for the party as shall be
specified by like notice). Additionally, an email shall be sent with a copy of all written notices.

 

(i) If to the Company:

 

(ii) If to the Consultant:

 

 

 

Any such notice, demand
or other communication shall be deemed to have been given on the date personally delivered or as of the date mailed, as the case
may be.

 

 

 

IN WITNESS WHEREOF, the parties hereto have
executed this Consulting, Confidentiality, and Proprietary Rights Agreement as of the Effective Date written above.

 

CONSULTANT

 

 

By:____/s/ Steve Barbee___________

			Name Steven Barbee

 

 

DigiPath, Inc.

 

 

By:___/s/ Eric Stoppenhagen____________

			Name: Eric Stoppenhagen

			Title: President and Chairman

     

     

    

Schedule
A

 

TITLE, DUTIES AND OPERATIONAL RESPONSIBILITIES:

 

Title and Operational Responsibilities

 

§ 
Consultant will have the title of Vice President of Sales & Marketing

§ 
Company shall have the right to introduce and represent Consultant to those outside of the Company as Vice President.

§ 
Consultant shall report to the President.

§ 
Consultant shall be responsible for worldwide sales & marketing.

 

 

2.SCHEDULE AND COMITTMENT OF TIME:

Consultant is expected to devote
as much time as needed to assist in selling DigiPath products, and fulfilling such scope of work as both parties agree in writing.

 

3.REPORTING SCHEDULE:

Consultant shall report regularly,
and not less frequent than once per week, to the Company his actions on behalf of the Company. The Consultant shall keep a detailed
list of all communications with target end users and shall provided reports as required by the Company.

 

4.COMPENSATION AND PAYMENT TERMS:

 

Consultant shall receive a $5,000
per month plus $500 per month as a reimbursement for medical insurance. These amounts shall be accrued until such time as the company
has a positive net income and positive cash flow after the Effective Date (“Profitability”).

 

To the extent that Company or any
of its officers employees consultants or directors are at all directed to or it is necessitated that they have be deposed, made
to testify, or at all involved in any way or matter of form regarding Consultant or the Consultants personal affairs (“Personal
Matters”), this Agreement will automatically terminate, and Consultant will be terminated. Additionally, the consultant will
owe the Company $350 per hour for any time spent on such matter. Consultant concedes that the past Personal Matters as caused material
damage and expense to Consultants previous employers. Additionally, to the extent the Company incurs any expenses as a result of
this Agreement or has to comply with any legal, court, or administrative body requests such costs shall be subtracted from the
Consultant’s compensation in the following month.

 

5EXPENSES:

Company agrees to reimburse Consultant
for other reasonably necessary travel expenses, and other expenses associated with working in a home office. However, should such
expenses exceed $4,000 in any given calendar month; such expenses shall be pre-approved in advance by Company in order to qualify
to reimbursement. An email authorization by an officer of Company shall be deemed a valid approval.Exhibit 10.1

 

MINERAL RESERVE AGREEMENT

 

 

THIS MINERAL RESERVE AGREEMENT is entered
into as of the 9th day of February, 2012 by and between AuraSource, Inc., a Nevada corporation (“ASI”) and Gulf
Coast Holdings, LLC, a Nevada limited liability company ("GCH").

 

RECITALS

 

WHEREAS, GCH and its affiliates have
entered into that certain Agreement to Purchase Minerals, dated as of the date hereof (the "Mineral Purchase Agreement");
and

 

WHEREAS, ASI has requested GCH to reserve
significant tonnage of minerals under its control and GCH has agreed to do so in accordance with the terms hereof.

 

NOW THEREFORE, in consideration of and
based on the foregoing premises, the agreements contained herein and other valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties agree as follows:

 

1. DEPOSIT TO RESERVE MINERALS

 

1.1 ASI has requested GCH to reserve export
ready 1 million tons of 64% Fe higher content iron ore and 13 million 45% grade lower content iron ore, as described in more detail
in the Mineral Purchase Agreement, and 2 million tons of manganese ore, as described in more detail
in the Mineral Purchase Agreement between the parties, dated as of the date hereof, in order to enable ASI to fulfill offtake
agreements entered into with its customers (“Customer Orders”).

 

1.2GCH has
agreed to a deposit of $1.00 per ton to reserve the above-referenced 16 million tons of minerals (the "Mineral Deposit").

 

2.
STOCK IN LIEU OF DEPOSIT; ISSUANCE OF SHARES

 

2.1GCH
and ASI agree that GCH or assigns will accept shares of ASI Common Stock (the "Shares"), at a valuation of $1.00 per
Share, in lieu of cash payment by ASI of the Mineral Deposit, subject to the terms hereof.

 

2.2Promptly
following the execution of this Agreement, ASI shall issue 16 million Shares of ASI's stock to GCH or assigns (“Mineral
Deposit Shares”). The Mineral Deposit Shares shall vest and be delivered as follows:

 

(a)5 million immediately upon
the execution hereof.

(b)11 million upon the successful
completion of the first Customer Order of total revenue over $5 million. Success shall be defined as customer acceptance of order
and final payment.

(c)To the extent b 2.2(b) does
not occur the unvested Shares shall be returned to the ASI’s treasury and cancelled.

 

2.3In connection with issuance of the Shares
hereunder ASI represents and warrants that it will remain fully reporting with the SEC. After six months from the date hereof,
GCH shall have the right to retain qualified securities counsel to register with the SEC ASI's shares of Common Stock on Form S-1
or such other form as may be available and appropriate and ASI shall cooperate as may be reasonable necessary to complete such
registration. All costs of such registration shall be borne by GCH.

 

(a)ASI grants GCH the right to designate
Erik Davidson and one other director who is mutually agreed to by ASI. ASI agrees to promptly increase the size of its board from
three members to five.

 

(b)ASI's board of directors shall specifically
approve such issuance and shall deliver a copy of said resolutions to GCH promptly following the execution hereof and to cause
the issuance of share certificates and delivery as set forth in Section 2.2 and execution of such further documents as may be necessary
or advisable to carry out the intent of this agreement.

 

3.DISPUTES AND ARBITRATION 

 

3.1 
The parties agree to negotiate in good faith to resolve any disputes, disagreements, questions, claims, or similar matters in regard
to this Agreement or any matter in regard to the relationship between the parties. If such matters cannot be resolved by negotiations
between the parties, such matters shall be resolved by mandatory arbitration by a single arbitrator. No later than thirty (30)
days after the arbitration is requested by one party, each party shall agree upon the arbitrator. If no agreement regarding selection
of an arbitrator has been reached after good faith efforts by both parties, each party shall engage the services of an arbitrator,
each of whom shall confer and select an arbitrator. The individual selected as arbitrator shall thereafter be jointly engaged by
the parties to arbitrate the disputed matter pursuant to procedures established by such arbitrator.

 

3.2The arbitrator shall interpret all controversies
and claims arising under or relating to this Agreement in accordance with the laws of Arizona without regard to its choice of laws
or principles. The arbitration must be conducted in Maricopa County, Arizona and the prevailing party shall be entitled to recover
all expenses of arbitration, including reasonable attorney’s fees. Neither party shall be prevented from seeking a temporary
restraining order, preliminary injunction, or other equitable remedy in court in order to preserve the status quo or to prevent
irreparable harm as contemplated by Section 3. Except for such injunctive relief, this provision for arbitration shall be an absolute
bar to any other legal proceedings between the parties hereto and the arbitrator’s decision shall not be appealable. The
arbitrator shall provide in writing to the parties the basis for the award or order of such arbitrator. The
arbitrator will have the power to award counsel fees and expenses, as well as dispute resolution costs to the prevailing Party.
Notwithstanding anything herein to the contrary, the arbitrator shall not award any consequential, incidental, indirect, special,
punitive or exemplary damages hereunder or in connection herewith. Any award, order, or judgment pursuant to arbitration
may be entered and enforced in any court of competent jurisdiction and each party hereby submits to the jurisdiction of any such
court for purposes of enforcement of such award, order or judgment.

 

 

4. OTHER PROVISIONS

 

4.1 Amendment. No amendment, modification
or supplement of any provision of this Agreement will be valid or effective unless made in writing and signed by each party. No
provision of this Agreement will be waived by any act, omission or knowledge of a party or its agents or employees except by an
instrument in writing expressly waiving such provision and signed by a duly authorized officer of the waiving party.

 

4.2 Assignment; Termination of Power
of Attorney; Third-Party Beneficiaries. GCH may assign certain rights to Shares. No rights or remedies are conferred by this
Agreement other than to the parties and their respective successors and permitted assigns.

 

4.3 Entire Agreement; Counterparts.
This Agreement is the complete, final and exclusive understanding and agreement of the parties, and cancels and supersedes any
and all prior negotiations, correspondence and agreements, whether oral or written, between the parties with respect to the subject
matter of this Agreement. This Agreement may be executed simultaneously 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. Facsimile signatures or signatures in PDF
format shall, for all purposes, be treated as originals.

 

4.4Authority. Each party represents
by its execution of this Agreement that it has the authority to do so and to bind the party by its signature below.

 

4.5Notice. All demands, notices,
requests and consents hereunder (“Notices”) shall be in writing, in the English language and shall be deemed to have
been duly given if personally delivered by courier service, messenger or telecopy, or by certified or registered mail, postage
prepaid, return receipt requested, or by Email Notice, to the following contact information, or such other contact information
as may be furnished hereafter by notice in writing, to the following parties:

 

	
        In case of ASI:

         

        AuraSource, Inc.

        
	
        In case of GCH:

         

        Gulf Coast Holdings, LLC

        

 

All Notices shall be effective
either:

 

(a)at the time of actual delivery
thereof; or

(b)if given by telecopy, upon
electronic confirmation of delivery; or

(c)if given by certified or registered
mail, ten (10) business days after certification or registration thereof, to any officer (or an authorized recipient
of deliveries to the office) of the party to whom given; or

(d)by email, if the recipient
specifically acknowledges receipt of such notice sent via email ("Email Notice").

		(e)	All Notices must have a copy sent by email to all of the addresses above to be considered effective.

 

4.6Survival. The terms of Sections
2, as relates to the Mineral Deposit Shares that have vested, through Section 4 shall survive the termination of this Agreement
for any reason.

 

4.7Covenant of Further Assurances.
The parties covenant and agree that, subsequent to the execution and delivery of this Agreement and without any additional consideration,
each of them will execute and deliver any further legal instruments and perform any acts which are or may become necessary to effectuate
the purposes of this Agreement.

 

4.8Recitals. The Recitals at the
outset of this Agreement are hereby incorporated into this Agreement by this reference as if set forth in their entirety in the
body of this Agreement.

 

4.9. Effective Date. This Agreement
is effective as of February 10, 2012.

 

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IN WITNESS WHEREOF the
parties hereto have caused this Agreement, which is effective on the date of the last to sign below, to be executed in duplicate
by their respective duly authorized officers.

 

 

GULF COAST HOLDINGS, LLC

 

By: __/s/ David
Shaheen____________________Date: _____2/15/2012_________

David T. Shaheen

President / Manager

 

 

AURASOURCE, INC.

 

By: ___/s/
Philip Liu___________________Date:___2/15/2012_________

Philip Liu

President and CEO

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