Document:

Exhibit
10.1

 

Gopher
Protocol Inc.

2500
Broadway, Suite F-125

Santa
Monica, CA 90404

 

February
6, 2019

 

Gopher
Protocol Costa Rica Sociedad De Responsabilidad Limitada

[Insert
address]

 

Re:
Mobiquidity Technologies, Inc. (the “Company”)

 

Gentlemen:

 

The
agreement will set forth the terms and conditions pursuant to which Gopher Protocol Inc. (“Seller”), will sell to
Gopher Protocol Costa Rica Sociedad De Responsabilidad Limitada (“Buyer”) 30,000,000 restricted shares of common stock
of the Company (the “Shares”) in consideration of a Promissory Note in the principal amount of $5,000,000 with interest
of 10% per annum (the “Note”) as follows:

 

1.       Seller
will sell to Buyer, and Buyer will purchase from Seller, the Shares in consideration of the delivery of the Note. Upon receipt
of the Note, the Seller will deliver an instruction letter directing the transfer agent to deliver the shares to the Buyer.

 

2.       Seller
represents that the Seller owns the Shares. Seller agrees and acknowledges that it will have no further interest in the Shares.

 

3.       Seller
makes no representation or warranty as to the business, financial condition or prospects of the Company or as to the accuracy
or adequacy of any material filed by the Company with the Securities and Exchange Commission (the “Commission”).

 

4.       Buyer
represents that it is an accredited investor, as defined in Rule 501 of regulation D promulgated under the Securities Act of 1933,
as amended, that it is acquiring the Shares for his own account and not with a view to the sale or distribution of the Shares
(without prejudice to any sale pursuant to a registration statement or Rule 144), that it understands that the Shares are restricted
securities, as defined in said Rule 144, and may not be sold except pursuant to an effective registration statement or an exemption
from registration and that the Shares will bear the Company’s standard investment legend.

 

[Remainder
of Page Intentionally Left Blank]

 

     

     

    

 

5.       The
Agreement constitutes the entire agreement of the parties as to its subject matter, superseding any prior or contemporaneous agreements,
understandings or letter of intent, and may not be amended nor may any right be waived except by an instrument which refers to
this Agreement, states that it is an amendment or waiver and is signed by both parties in the case of an amendment or the party
granting the waiver in the case of a waiver.

 

Please
confirm your agreement with the foregoing by signing this Agreement.

 

	 	Very truly yours,
	 	 
	 	Gopher Protocol Inc.
	 	 
	 	By:	/s/ Doug Davis	 
	 	Name: Doug Davis
	 	Title: CEO

 

AGREED
TO this 6th day of February, 2019.

 

Gopher
Protocol Costa Rica Sociedad De Responsabilidad Limitada

 

By:
/s/ Mauricio Lara

Name:
Mauricio Lara

Title:
Manager

 

ACKNOWLEDGED:

 

Mobiquidity
Technologies, Inc.

 

By:
/s/ Dean Julia

Name:
Dean Julia

Title:
CEOExhibit 10.2

 

PROMISSORY
NOTE

 

	$5,000,000	Los
    Angeles, CA
	 	February
    6, 2019

 

Gopher
Protocol Costa Rica Sociedad De Responsabilidad Limitada, a Costa Rican company (the "Maker"), for value received, hereby
promises to pay to Gopher Protocol Inc., a Nevada corporation, or registered assigns (the "Holder"), the principal sum
of FIVE MILLION ($5,000,000) Dollars in such coin or currency of the United States of America as at the time of payment shall
be legal tender for the payment of public and private debts. Maker further promises to pay interest on the unpaid principal balance
hereof at the rate of ten percent (10%) per annum, principal and interest on the outstanding balance to be paid on the two-year
anniversary of the date on which this Note is dated. Interest shall be calculated on the basis of a 360-day year and actual days
elapsed. In no event shall the interest charged hereunder exceed the maximum permitted under the laws of the State of California.

 

This
Note can be prepaid in whole or in part at any time without the consent of the Holder provided that Maker shall pay all accrued
interest on the principal so prepaid to date of such prepayment.

 

This
Note is secured by ALL Maker assets, including the Shares as such term is defined in the Letter Agreement entered between the
Maker and the Holder dated as of the date hereof and proceeds generated from the sale of the Shares as well as proceeds from the
assignment of said proceeds to a third party for consideration. Maker will provide documents as needed to prove said pledge on
its assets.

 

The
entire unpaid principal balance of this Note and interest accrued with respect thereto shall be immediately due and payable upon
the occurrence of any of the following (each, an "Event of Default"):

 

a.       Application for, or consent to, the appointment of a receiver, trustee or liquidator for Maker or of its property;

 

b.       Admission in writing of the Maker's inability to pay its debts as they mature;

 

c.       General assignment by the Maker for the benefit of creditors;

 

d.       Filing by the Maker of a voluntary petition in bankruptcy or a petition or an answer seeking reorganization, or an arrangement
with creditors; or

 

e.       Entering against the Maker of a court order approving a petition filed against it under the federal bankruptcy laws, which order
shall not have been vacated or set aside or otherwise terminated within 60 days.

 

     1

     

    

 

f.        Default
in the payment of the principal or accrued interest on this Note, when and as the same shall become due and payable, whether by
acceleration or otherwise;

 

g.       Default
in any covenant or obligation of Maker in favor of Holder arising pursuant to the agreement between Maker and Holder dated as
of the date of this Note.

 

All
rights and remedies available to the Holder pursuant to the provisions of applicable law and otherwise are cumulative, not exclusive
and enforceable alternatively, successively and/or concurrently after default by Maker pursuant to the provisions of this Note.

 

The
Maker waives demand, presentment, protest and notice of any kind and consents to the extension of time of payments, the release,
surrender or substitution of any and all security or guarantees for the obligations evidenced hereby or other indulgence with
respect to this Note, all without notice.

 

This
Note may not be changed, modified or terminated orally, but only by an agreement in writing, signed by the party to be charged.

 

In
the event of any litigation with respect to the obligations evidenced by this Note, the Maker waives the right to a trial by jury
and all rights of set-off and rights to interpose permissive counterclaims and cross-claims. This Note shall be governed by and
construed in accordance with the laws of the State of Texas and shall be binding upon the successors, endorsees or assigns of
the Maker and inure to the benefit of the Holder, its successors, endorsees and assigns.

 

The
Maker hereby irrevocably consents to the jurisdiction of the courts of Los Angeles County, in the State of California in connection
with any action or proceeding arising out of or relating to this Note. If any term or provision of this Note shall be held invalid,
illegal or unenforceable, the validity of all other terms and provisions hereof shall in no way be affected thereby.

 

	 	Gopher Protocol Costa Rica Sociedad De
	 	Responsabilidad Limitada
	 	 
	 	By: /s/ Mauricio Lara
	 	Name: Mauricio Lara
	 	Title: Manager

 

     2EX-10.1

 Exhibit 10.1 
  

 
 Date: February 1, 2019 

Greg Kleffner 
 5140 Bridlewood Court 

Ponte Vedra Beach, FL 32082 
 Dear Greg: 

I am delighted to confirm our offer to engage you as a consultant to provide services (“Services”) to Stein Mart, Inc., consistent with the
knowledge you have gained as our Chief Financial Officer. This agreement is nonexclusive, and you retain the right to provide your services to other businesses during this period. If you provide services for another retailer, you must inform Stein
Mart of such activity. 
 In recognition of the high level of skill and expertise you possess and that the Services will require, we will pay you $225 per
hour for any services that you provide. Payment will be made at the end of each month. Reasonable and necessary direct expenses you incur while performing the Services, including, but not limited to travel expenses, will also be reimbursed upon
submission of an invoice and supporting receipts. Of course, we ask that you track your hours and advise us monthly during the engagement of the hours billed for the preceding month. 

This agreement will take effect after your employment with Stein Mart has ended on February 1, 2019. We have also agreed that you are an independent
contractor and are solely responsible for all taxes, withholdings and other statutory obligations of any sort. All payment amounts set forth in this agreement will be paid as gross income, not subject to withholding by the company. Accordingly, you
will receive a 1099 from Stein Mart to accommodate your filing of any federal, state and local taxes that may be due on this income. 
 You agree that you
will perform the Services in a professional manner and that none of the Services or any part of our agreement is or will be inconsistent with any obligation you may have to other clients, past or present, including, for example, non-compete agreements. As an independent contractor, you agree that you do not have the authority to enter into any contract or other obligation on behalf of Stein Mart. 

 Greg Kleffner 

Consultant Agreement 
 Page 2 of 2 

You agree that all work under this agreement will be your original work and that none of the Services or Intellectual Property or any development, use,
production, distribution, or exploitation thereof will infringe, misappropriate, or violate any intellectual property or other right of any person or entity. 

As you perform the Services, you will be exposed to or provided with proprietary information, including but not limited to Stein Mart’s trade secrets and
other business, technical, and financial plans and information. You agree to hold this Proprietary Information in confidence. Upon termination of the Services, or as otherwise requested by Stein Mart, you will promptly return to Stein Mart all items
and copies containing or embodying Proprietary Information. You agree to respect Stein Mart’s blackout dates in trading any shares. 
 You agree to
defend, indemnify, and hold Stein Mart harmless from any and all claims, damages, attorney’s fees and expenses arising from any action or inaction by you in relation to providing the Services. 

Finally, this agreement contains the entire understanding and agreement between you and Stein Mart and shall not be modified except upon express written
consent of the parties. You also agree that you have not relied upon any representation or statement made by Stein Mart, its agents or employees that is not set forth in this agreement. 

Please indicate your acceptance of this agreement by signing and dating below and returning a copy to me at your earliest convenience. In the meantime, if you
have any questions or if you need any further information, please do not hesitate to call me. 
 Sincerely, 

/s/ D. Hunt Hawkins     
 D.
Hunt Hawkins 
 Chief Executive Officer 
 Consultant
Acceptance:   /s/ Greg Kleffner            Date:    2/1/19 

                          
                    Greg Kleffner
  

 

  
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