Document:

Exhibit
10.2

 

FIRST
AMENDMENT TO CONFIDENTIAL ADVISORY SERVICES AGREEMENT

 

This
First Amendment to the Confidential Advisory Services Agreement (the “Broken Arrow CASA Amendment”) by and
between Zoned Properties, Inc., on behalf of Chino Valley Properties, LLC (the “Advisor”) and Broken Arrow
Herbal Center, Inc. a non-profit Corporation of Arizona (the “Company”) is made this 1st day of
January, 2019 (the “Effective Date”). From time to time in this Agreement, the Advisor and the Company may
be referred to collectively as the “parties” and each, individually, as a “party.”

 

RECITALS:

 

A. Advisor and Company entered into that certain Confidential Advisory Services Agreement (the “Broken Arrow CASA”)
executed and effective as of May 1, 2018 for advisory services related to the premises commonly known as 2144 & 2148 N. Road
1 East Chino Valley, AZ 83462.

 

B.
The parties each desire to amend the Broken Arrow CASA to reduce the Gross Revenue Fee (as defined in the Broken Arrow CASA)
from 10% to 0%, and to add an additional $250.00 hourly advisory fee.

 

C. Pursuant to Section 16 of the Broken Arrow CASA, any modifications to the Broken Arrow CASA must be in writing and signed by both
parties.

 

D. Advisor and Company in executing the signature page attached hereto desire to reduce the Gross Revenue Fee in the Broken Arrow
CASA from 10% to 0% and to add an additional $250.00 hourly advisory fee.

 

NOW,
THEREFORE, in consideration of the mutual covenants herein contained, and for good and valuable consideration, the sufficiency
and receipt of which is acknowledged, the Parties agree to the following changes to the Broken Arrow CASA:

 

AGREEMENT

 

1.
Amendment to Section 3. As of the Effective Date, the Broken Arrow CASA is amended to delete Section 3 in its entirety
and to replace it with the following:

 

3. Compensation

 

		3.1	Hourly
                                         Standard Fee. As payment for services rendered by the Advisor to the Company under
                                         this Agreement, Company shall pay to Advisor an hourly fee equal to $250.00 per hour
                                         for services as requested (the “Hourly Standard Fee”). The Hourly
                                         Standard Fee shall be paid by Company to Advisor on a monthly basis within ten (10) business
                                         days following the end of the immediately preceding calendar month.

 

		3.2	Gross
                                         Revenue Fee. As further consideration for the services rendered by Advisor to the
                                         Company under this Agreement, Company shall pay to Advisor a revenue fee equal to zero
                                         percent (0%) of the Company’s gross revenue (“Revenue Fee”).
                                         The Revenue Fee shall be paid on a monthly basis, no later than thirty (30) calendar
                                         days following the end of the immediately preceding calendar month, and the amount of
                                         such monthly payment of the Revenue Fee shall be equal to the product of (a) zero percent
                                         (0%), multiplied by (b) the Company’s gross revenue for such immediately preceding
                                         calendar month. Notwithstanding the foregoing, upon the filing of the Company’s
                                         federal or state tax returns, (i) Company shall calculate the Revenue Fee based on the
                                         amount of the Company’s gross revenue reported on such federal or state tax returns,
                                         and (ii), if the amount of such calculation is greater than the sum of all monthly Revenue
                                         Fees payable to Advisor under this Agreement, Company shall pay to Advisor the amount
                                         of such difference, which amount is in addition to all monthly Revenue Fees due to Advisor
                                         under this Agreement.

 

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		3.3	Late
                                         fees. All late payments shall bear interest at the monthly rate equal one and one-half
                                         percent (1.5%), calculated daily and compounded monthly.

 

		3.4	No
                                         Setoff. In no event shall Company withhold payment of any amounts or fees due and
                                         payable under this Agreement by reason of any setoff of any claim or dispute with Advisor.

 

		3.5	No
                                         Withholdings. The Company shall make no withholdings from any compensation paid under
                                         this Agreement to the Advisor, such as for federal or state income taxes, Social Security
                                         or Medicare taxes. The Company shall provide the Advisor an IRS Form 1099 for all compensation
                                         paid to the Advisor under this Agreement. The Advisor agrees that the Company shall not
                                         be liable for any tax obligations the Advisor may incur with respect to any payment under
                                         this Agreement, and specifically agrees to hold the Company harmless from any such obligation.
                                         The Advisor further agrees to defend, indemnify and hold harmless the Company, consistent
                                         with the terms of this Agreement, from any efforts by any governmental unit or authority
                                         that may seek to collect from the Company any taxes related to any payment to the Advisor
                                         made pursuant to this Agreement.

 

		3.6	Expenses.
                                         All expenses incurred by the Advisor in performing the services under this Agreement
                                         shall be incurred solely by the Advisor. The Company will reimburse the Advisor for reasonable,
                                         pre-approved expenses associated with the Advisor’s providing of the services.

 

2. 
Defined Terms. Terms in this Broken Arrow CASA Amendment shall have the same meaning as such terms have in the Broken Arrow
CASA unless otherwise noted in this Broken Arrow CASA Amendment.

 

3. Recitals. The Parties hereto hereby agree and acknowledge that the Recitals to this Broken Arrow CASA Amendment shall be
incorporated and made part of this Broken Arrow CASA Amendment as if fully set forth herein.

 

4. Miscellaneous. This Broken Arrow CASA Amendment, together with the Broken Arrow CASA as amended hereby, contains the entire
agreement and understanding among the Parties hereto with respect to the subject matter hereof and thereof and supersedes all
prior and contemporaneous agreements, understandings, inducements, and conditions, express or implied, oral or written, of any
nature whatsoever with respect to the subject matter hereof and thereof. The express terms hereof control and supersede any course
of performance and/or usage of the trade inconsistent with any of the terms hereof. No provision of this Broken Arrow CASA Amendment
may be amended or modified, except by a written instrument executed by both parties. This Broken Arrow CASA Amendment and all
questions relating to its validity, interpretation, performance, and enforcement shall exclusively be governed by and construed
in accordance with the laws of the State of Arizona, notwithstanding any Arizona or other conflict-of-law provisions to the contrary.
This Broken Arrow CASA Amendment may be executed in counterparts, each of which shall be deemed to be an original as against any
party whose signature appears thereon, and all of which shall together constitute one and the same instrument. This Broken Arrow
CASA Amendment shall become binding when one or more counterparts hereof, individually or taken together, shall bear the signatures
of all of the parties reflected hereon as the signatories. Any photographic or xerographic copy of this Broken Arrow CASA Amendment,
with all signatures reproduced on one or more sets of signature pages, shall be considered for all purposes as if it were an executed
counterpart of this Broken Arrow CASA Amendment. Signatures may be given by facsimile or other electronic transmission, and such
signatures shall be fully binding on the party sending the same.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

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IN
WITNESS WHEREOF, the Parties hereto have executed this Broken Arrow CASA Amendment as of the date first set forth above.

 

	COMPANY:	 
	 	 
	BROKEN
    ARROW HERBAL CENTER, INC.	 
	 	 
	By:	/s/ Christopher Carra	 
	Name:	Christopher Carra	 
	Title:  	Board Member	 
	 	 	 
	ADVISOR:	 
	 	 
	ZONED
    PROPERTIES, INC.	 
	 	 
	By:	/s/ Bryan McLaren	 
	Name:	Bryan McLaren	 
	Title:  	President + CEO	 

 

    3Exhibit 10.3

 

FIRST
AMENDMENT TO CONFIDENTIAL ADVISORY SERVICES AGREEMENT

 

This
First Amendment to the Confidential Advisory Services Agreement (the “CJK CASA Amendment”) by and between Zoned
Properties, Inc., on behalf of Zoned Arizona Properties, LLC (the “Advisor”) and CJK, Inc., a non-profit Corporation
of Arizona (the “Company”) is made this 1st day of January, 2019 (the “Effective Date”).
From time to time in this Agreement, the Advisor and the Company may be referred to collectively as the “parties”
and each, individually, as a “party.”

 

RECITALS:

 

A. Advisor
and Company entered into that certain Confidential Advisory Services Agreement (the “CJK CASA”) executed and
effective as of May 1, 2018 for advisory services related to the premises commonly known as 410 S. Madison Dr., Tempe, AZ 85281.

 

B. The
parties each desire to amend the CJK CASA to reduce the Gross Revenue Fee (as defined in the CJK CASA) from 10% to 0%, and to
add an additional $250.00 hourly advisory fee.

 

C. Pursuant
to Section 16 of the CJK CASA, any modifications to the CJK CASA must be in writing and signed by both parties.

 

D. Advisor
and Company in executing the signature page attached hereto desire to reduce the Gross Revenue Fee in the CJK CASA from 10% to
0% and to add an additional $250.00 hourly advisory fee.

 

NOW,
THEREFORE, in consideration of the mutual covenants herein contained, and for good and valuable consideration, the sufficiency
and receipt of which is acknowledged, the Parties agree to the following changes to the CJK CASA:

 

AGREEMENT

 

1. Amendment
to Section 3. As of the Effective Date, the CJK CASA is amended to delete Section 3 in its entirety and to replace it with
the following:

 

		3.	Compensation

 

		3.1	Hourly
Standard Fee. As payment for services rendered by the Advisor to the Company under this Agreement, Company shall pay to Advisor
an hourly fee equal to $250.00 per hour for services as requested (the “Hourly Standard Fee”). The Hourly Standard
Fee shall be paid by Company to Advisor on a monthly basis within ten (10) business days following the end of the immediately
preceding calendar month.

 

    1

     

    

 

		3.2	Gross
                                         Revenue Fee. As further consideration for the services rendered by Advisor to the
                                         Company under this Agreement, Company shall pay to Advisor a revenue fee equal to zero
                                         percent (0%) of the Company’s gross revenue (“Revenue Fee”).
                                         The Revenue Fee shall be paid on a monthly basis, no later than thirty (30) calendar
                                         days following the end of the immediately preceding calendar month, and the amount of
                                         such monthly payment of the Revenue Fee shall be equal to the product of (a) zero percent
                                         (0%), multiplied by (b) the Company’s gross revenue for such immediately preceding
                                         calendar month. Notwithstanding the foregoing, upon the filing of the Company’s
                                         federal or state tax returns, (i) Company shall calculate the Revenue Fee based on the
                                         amount of the Company’s gross revenue reported on such federal or state tax returns,
                                         and (ii), if the amount of such calculation is greater than the sum of all monthly Revenue
                                         Fees payable to Advisor under this Agreement, Company shall pay to Advisor the amount
                                         of such difference, which amount is in addition to all monthly Revenue Fees due to Advisor
                                         under this Agreement.

 

		3.3	Late
                                         fees. All late payments shall bear interest at the monthly rate equal one and one-half
                                         percent (1.5%), calculated daily and compounded monthly.

 

		3.4	No
                                         Setoff. In no event shall Company withhold payment of any amounts or fees due and
                                         payable under this Agreement by reason of any setoff of any claim or dispute with Advisor.

 

		3.5	No
                                         Withholdings. The Company shall make no withholdings from any compensation paid under
                                         this Agreement to the Advisor, such as for federal or state income taxes, Social Security
                                         or Medicare taxes. The Company shall provide the Advisor an IRS Form 1099 for all compensation
                                         paid to the Advisor under this Agreement. The Advisor agrees that the Company shall not
                                         be liable for any tax obligations the Advisor may incur with respect to any payment under
                                         this Agreement, and specifically agrees to hold the Company harmless from any such obligation.
                                         The Advisor further agrees to defend, indemnify and hold harmless the Company, consistent
                                         with the terms of this Agreement, from any efforts by any governmental unit or authority
                                         that may seek to collect from the Company any taxes related to any payment to the Advisor
                                         made pursuant to this Agreement.

 

		3.6	Expenses.
                                         All expenses incurred by the Advisor in performing the services under this Agreement
                                         shall be incurred solely by the Advisor. The Company will reimburse the Advisor for reasonable,
                                         pre-approved expenses associated with the Advisor’s providing of the services.

 

2. Defined
Terms. Terms in this CJK CASA Amendment shall have the same meaning as such terms have in the CJK CASA unless otherwise noted
in this CJK CASA Amendment.

 

3. Recitals.
The Parties hereto hereby agree and acknowledge that the Recitals to this CJK CASA Amendment shall be incorporated and made part
of this CJK CASA Amendment as if fully set forth herein.

 

4. Miscellaneous.
This CJK CASA Amendment, together with the CJK CASA as amended hereby, contains the entire agreement and understanding among the
Parties hereto with respect to the subject matter hereof and thereof and supersedes all prior and contemporaneous agreements,
understandings, inducements, and conditions, express or implied, oral or written, of any nature whatsoever with respect to the
subject matter hereof and thereof. The express terms hereof control and supersede any course of performance and/or usage of the
trade inconsistent with any of the terms hereof. No provision of this CJK CASA Amendment may be amended or modified, except by
a written instrument executed by both parties. This CJK CASA Amendment and all questions relating to its validity, interpretation,
performance, and enforcement shall exclusively be governed by and construed in accordance with the laws of the State of Arizona,
notwithstanding any Arizona or other conflict-of-law provisions to the contrary. This CJK CASA Amendment may be executed in counterparts,
each of which shall be deemed to be an original as against any party whose signature appears thereon, and all of which shall together
constitute one and the same instrument. This CJK CASA Amendment shall become binding when one or more counterparts hereof, individually
or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories. Any photographic or xerographic
copy of this CJK CASA Amendment, with all signatures reproduced on one or more sets of signature pages, shall be considered for
all purposes as if it were an executed counterpart of this CJK CASA Amendment. Signatures may be given by facsimile or other electronic
transmission, and such signatures shall be fully binding on the party sending the same.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

    2

     

    

 

IN
WITNESS WHEREOF, the Parties hereto have executed this CJK CASA Amendment as of the date first set forth above.

 

COMPANY:

 

CJK,
INC.

 

	By: 	/s/ Christopher Carra	 
	Name: 	Christopher Carra	 
	Title: 	Board Member	 

 

ADVISOR:

 

ZONED
PROPERTIES, INC.

 

	By: 	/s/ Bryan McLaren	 
	Name: 	Bryan McLaren	 
	Title: 	President + CEO	 

 

    3

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