Document:

Exhibit
10.2

 

SELECTIS
HEALTH, INC.

 

NOMINATING
AND GOVERNANCE COMMITTEE CHARTER

 

As
adopted by the Nominating and Governance Committee and Board of Directors 

on
July 25, 2022

 

I.
PURPOSE

 

The
primary purpose of the Nominating and Governance Committee (the “Committee”) of the Board of Directors (the “Board”)
of Selectis Health, Inc., (the “Company”) shall be to act on behalf of the Board in fulfilling the Board’s responsibilities
to: (i) identify, review and evaluate candidates to serve as directors of the Company; (ii) recommend to the Board the persons to be
nominated by the Board for election as directors at the annual meeting of shareholders; (iii) evaluate the composition, performance and
other aspects of the Company’s Board committees; (iv) make other recommendations to the Board regarding affairs relating to the
directors of the Company; (v) develop and review from time to time a plan of succession for key management; and (vi) administer and oversee
all aspects of the Company’s corporate governance functions on behalf of the Board.

 

The
policy of the Committee, in discharging these obligations, shall be to select well-qualified director nominees, and develop and review
a set of corporate governance principles that enhance the overall management of the Company and provide a basis for governance that serves
the best interests of the Company’s stockholders in building long-term value.

 

II.
COMPOSITION

 

A.
Number.

 

The
Committee shall consist of shall consist of such number of directors as the Board shall from time to time determine.

 

B.
Independence.

 

Each
member of the Nominating and Governance Committee shall be free from any relationship that would interfere with the exercise of his or
her independent judgment, as determined by the Board, in accordance with the applicable independence requirements imposed by any stock
exchange or other marketplace on which the Company’s securities may be listed from time to time and the rules and regulations of
the Securities and Exchange Commission (“SEC”), including any exceptions permitted by such requirements.

 

C.
Chair.

 

Unless
the Board elects a Chair of the Nominating and Governance Committee, the Committee shall elect a Chair by majority vote.

 

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D.
Compensation.

 

The
compensation of Nominating and Governance Committee members shall be as determined by the Board.

 

E.
Selection and Removal.

 

Members
of the Nominating and Governance Committee shall be appointed by the Board. The Board may remove members of the Nominating and Governance
Committee from such Committee, with or without cause.

 

III.
OPERATING PRINCIPLES AND PROCESSES

 

In
fulfilling its functions and responsibilities, the Committee should give due consideration to the following operating principles:

 

	 	●	Communication
    – Regular and meaningful contact with the Chairman of the Board, other committee chairpersons, members of senior management
    and independent professional advisors to the Board and its various committees, as applicable, is important shall be encouraged as
    a means of strengthening the Committee’s knowledge of relevant current and prospective corporate governance issues.
	 	 	 
	 	●	Committee
    Education/Orientation – Developing with management and participating in a process for systematic review of important corporate
    governance issues and trends in corporate governance practices that could potentially impact the Company shall be encouraged to enhance
    the effectiveness of the Committee.
	 	 	 
	 	●	Information
    Needs – The Committee members shall communicate to the Chief Executive Officer or his or her designees the Committee’s
    expectations, and the nature, timing, and extent of any specific information or other supporting materials requested by the Committee
    for its meetings and deliberations.
	 	 	 
	 	●	Meeting
    Agendas – Committee meeting agendas shall be the responsibility of the Committee chairperson with input from the Committee
    members and other members of the Board as well as, to the extent deemed appropriate by the chairperson, from members of senior management
    and outside advisors.

 

IV.
AUTHORITY AND RESPONSIBILITIES 

 

The
operation of the Committee will be subject to the provisions of the Bylaws of the Company and the Utah Business Corporations Act, each
as in effect from time to time. The Committee shall oversee the Company’s nomination and corporate governance matters as established
below and shall report the results of its activity to the Board. The Committee’s functions and procedures should remain flexible
to address changing circumstances most effectively.

 

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A.
Board and Committee Membership

 

1.
Selection of Director Nominees. Except where the Company is legally required by contract or otherwise to provide third parties
with the ability to nominate directors, the Nominating and Governance Committee shall be responsible for (i) identifying individuals
qualified to become Board members and (ii) recommending to the Board the persons to be nominated by the Board for election as directors
at the annual meeting of shareholders and the persons to be elected by the Board to fill any vacancies on the Board. In making such recommendations,
the Committee shall consider candidates proposed by the shareholders in accordance with the Bylaws. The Committee shall review and evaluate
information available to it regarding candidates proposed by shareholders and shall apply the same criteria, and shall follow substantially
the same process in considering them, as it does in considering other candidates.

 

2.
Criteria for Selecting Directors. The Board’s criteria for selecting directors are as set forth in the Company’s Corporate
Governance Guidelines. The Nominating and Governance Committee shall use such criteria to guide its director selection process. The Committee
shall be responsible for reviewing with the Board, on an annual basis, the requisite skills and criteria for new Board members as well
as the composition of the Board as a whole.

 

3.
Search Firms. The Nominating and Governance Committee shall have the sole authority to retain and terminate any search firm to
be used to identify director nominees, including sole authority to approve the search firm’s fees and other retention terms. The
Committee is empowered, without further action by the Board, to cause the Company to pay the compensation of any search firm engaged
by the Committee.

 

4.
Section of Committee Members. The Nominating and Governance Committee shall be responsible for recommending to the Board the directors
to be appointed to each committee of the Board.

 

B.
Corporate Governance

 

1.
Corporate Governance Guidelines. The Nominating and Governance Committee shall develop and recommend to the Board a set of Corporate
Governance Guidelines applicable to the Company. The Committee shall, from time to time as it deems appropriate, review and reassess
the adequacy of such Corporate Governance Guidelines and recommend any proposed changes to the Board for approval.

 

C.
Procedures and Administration

 

1.
Meetings. The Nominating and Governance Committee shall meet as often as it deems necessary in order to perform its responsibilities.
The Committee shall keep such records of its meetings, as it shall deem appropriate.

 

2.
Subcommittee. The Nominating and Governance Committee may form and delegate authority to one or more subcommittee (including a
subcommittee consisting of a single member), as it deems appropriate from time to time under the circumstances.

 

3.
Reports to the Board. The Nominating and Governance Committee shall report regularly to the Board.

 

4.
Charter. The Nominating and Governance Committee shall, from time to time as it deems appropriate, review and reassess the adequacy
of this Charter and recommend any proposed changes to the Board for approval.

 

5.
Independent Advisors. The Nominating and Governance Committee shall have the authority to engage such independent legal and other
advisors as it deems necessary or appropriate to carry out its responsibilities. Such independent advisors may be the regular advisors
to the Company. The Committee is empowered, without further action by the Board, to cause the Company to pay the compensation of such
advisors as established by the Committee.

 

6.
Investigations. The Nominating and Governance Committee shall have the authority to conduct or authorize investigations into nay
matters within the scope of its responsibilities as it shall deem appropriate, including the authority to request any officer, employee
or advisor of the Company to meet with the Committee or any advisor engaged by the Committee.

 

    	3Exhibit
10.3

 

SELECTIS
HEALTH, INC.

COMPENSATION
COMMITTEE CHARTER

 

As
adopted by the Compensation Committee and Board of Directors 

on
July 25, 2022

 

Purpose

 

The
Compensation Committee (the “Committee”) exists to assist the Board of Directors in the discharge of its fiduciary responsibilities
relating to the fair and competitive compensation of the executives and other key employees of the Company. The Committee has the ultimate
responsibility for assuring that the senior executives of the Company are compensated in a manner consistent with the compensation philosophy
and strategy of the Board of Directors and in compliance with the requirements of the regulatory bodies that oversee the Company. Generally,
the Committee is charged with reviewing and approving the Company’s compensation philosophy and its executive compensation programs,
plans and awards. The Committee also administers the Company’s short- and long-term incentive plans and other stock based plans
and reviews and approves general employee pension benefit plans of the Company and other benefit plans on an as-needed basis.

 

Membership

 

The
members of the Committee shall be appointed by the full Board of Directors upon the recommendation of the Corporate Governance Committee.
Each director appointed to the committee must meet: (a) the independence requirements imposed by any stock exchange or other marketplace
on which the Company’s securities may be listed from time to time and (b) any other legal requirements relevant to the proper administration
of the Company’s compensation plans, including requirements under the federal securities laws and the Internal Revenue Code of
1986, as amended. In addition, unless approved by the Board of Directors, no director may serve on the Compensation Committee if he or
she is, or during the past fiscal year has been, part of an interlocking directorate in which an executive officer of the Company serves
on the compensation committee of another company that employs the director.

 

The
determination as to each Committee member’s independence shall be disclosed in the Company’s proxy statement. The Committee
shall consist of a number of independent directors determined from time to time by the Board of Directors. The business of the Committee
may be transacted if a quorum of the Committee’s members is present. A quorum shall consist of at least one-third of the Committee’s
membership, but no fewer than two persons. All action taken by the Committee shall be deemed approved on the vote of a majority of its
members, however, the package of compensation for the Chairman, CEO and President that is submitted to the Board of Directors must be
approved by the two-thirds vote of the standing members of the Committee. Membership on the Committee shall rotate at the full Board
of Director’s discretion. Generally, the Board of Directors fills vacancies on the Committee and may remove a Committee member
from the membership of the Committee at any time with or without cause.

 

    	 

    	 

    

 

Powers
& Responsibilities

 

General
Executive Compensation

 

The
Committee shall have the power and responsibility to:

 

	 	1.	Independently
    review the Company’s philosophy and strategy regarding executive compensation, and counsel with the CEO, as needed, regarding
    organization objectives, performance goals and the long-term interests of the Company’s shareholders; 
	 	 	 
	 	2.	Annually
    review market and industry data to assess the Company’s competitive position with respect to the individual elements of total
    executive compensation to ensure the attraction, retention and appropriate reward of principal officers and other key employees;
    
	 	 	 
	 	3.	Annually
    approve the base salary amounts of, and all option grants, cash awards and stock awards to the SEC reporting officers (“SEC
    reporting officers” are those officers that file Forms 3 and 4 with the SEC under Section 16 of the Securities Exchange Act
    of 1934) of the Company; 
	 	 	 
	 	4.	Periodically
    review and approve the Company’s stock ownership guidelines; 
	 	 	 
	 	5.	Annually
    evaluate and approve the discretionary bonuses, benefits and perquisites offered to the Company’s CEO and other officers; 
	 	 	 
	 	6.	Administer
    incentive compensation or option plans and stock-related plans (including specific provisions) in which the CEO and other senior
    executives and key employees may be participants and adopt or recommend amendments to such plans. In connection with administering
    such plans, the Committee has the authority to: 

 

	 	a)	approve
    option guidelines and general size of overall grants;
	 	 	 
	 	b)	make
    grants; 
	 	 	 
	 	c)	interpret
    the plans; 
	 	 	 
	 	d)	determine
    rules and regulations relating to the plans; 
	 	 	 
	 	e)	modify
    or cancel existing grants and substitute new grants (with the consent of grantees); 
	 	 	 
	 	f)	designate
    employees eligible to participate in the long-term incentive plans; and 
	 	 	 
	 	g)	impose
    limitations, restrictions and conditions upon any award as the Committee deems appropriate and as permitted under the Plan; 

 

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	 	7.	Assure
    that any payments under the long-term incentive plans are in conformance with any restrictions placed thereon by the Board of Directors
    and shareholders; 
	 	 	 
	 	8.	 Review
    recommendations made by the CEO for the compensation of the Company’s principal executives and other key employees; 
	 	 	 
	 	9.	Retain
    and engage, with its sole authority and at its sole discretion, an independent compensation consultant or expert advisor to assist
    the Committee in the performance of its responsibilities. The Committee shall have the sole authority to approve the consultant’s
    fees and other terms of retention; 
	 	 	 
	 	10.	Assure
    that total compensation paid to the Company’s SEC reporting officers and other key employees is appropriate and consistent
    with the Company’s compensation philosophy; 
	 	 	 
	 	11.	Approve
    any SEC reporting officer’s employment agreement(s), severance agreement(s), change in control agreement(s) or provision(s)
    or separation agreement(s), or any amendments to the same; 
	 	 	 
	 	12.	Approve
    any deferred compensation arrangement with the Company’s SEC reporting officers; 
	 	 	 
	 	13.	Review
    with the CEO matters relating to management succession, including, but not limited to, compensation; 
	 	 	 
	 	14.	Periodically
    review the competitiveness and appropriateness of compensation paid to executives of the Company’s controlled subsidiaries;
    
	 	 	 
	 	15.	Annually
    issue a report to the Company’s Board of Directors that advises the Board as to whether the Company’s executive compensation
    arrangements are appropriate, meet their stated purpose and effectively serve the interests of the Company and identify the specific
    factors and criteria that make each individual SEC reporting officer’s compensation reasonable or unreasonable; 
	 	 	 
	 	16.	Annually
    issue a report on executive compensation in accordance with applicable rules and regulations of the Securities and Exchange Commission
    for inclusion in the Company’s proxy statement; 
	 	 	 
	 	17.	Retain
    independent legal, financial or other advisors it deems necessary to fulfill its responsibilities, without obtaining approval of
    any officer of the Company in advance; and 
	 	 	 
	 	18.	Delegate
    authority and responsibilities to subcommittees as it deems proper. 

 

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Chairman,
CEO & President Compensation

 

In
determining the Chairman’s, the CEO’s and the President’s total compensation, and in fulfilling its responsibilities
hereunder, at a minimum, the Committee shall consider: (a) the Company’s performance during good and bad economic times and the
relative shareholder returns during such periods, (b) the value of incentive awards to such persons at comparable companies, (c) the
value of awards given to such persons in prior periods, (d) the proper balance between short term and long term incentives provided to
such persons, and (e) the difference in compensation at various levels of the Company’s management.

 

Base
Salary. Annually, the Committee shall have the power and responsibility to:

 

	 	1.	Review
    market and industry data to assess the competitiveness of the Chairman’s, the CEO’s and the President’s base salary;
    and 
	 	 	 
	 	2.	Approve
    in advance any salary increase or decrease for the Chairman, the CEO and the President and provide a written explanation to the Board
    of Directors for the approval of any such increase or decrease. 

 

Annual
Incentives. Annually, the Committee shall have the power and responsibility to:

 

	 	1.	Review
    and approve specific corporate goals and objectives that will be tied to the Chairman’s, the CEO’s and the President’s
    compensation incentives for the following year. These goals and objectives shall be submitted to the Board of Directors at the end
    of the current fiscal year and shall be discussed with the entire Board of Directors and the Chairman, the CEO or the President,
    as applicable; 
	 	 	 
	 	2.	Evaluate
    the performance of the Chairman, the CEO or the President, as applicable, in meeting that year’s goals and objectives; and
    
	 	 	 
	 	3.	Approve
    any annual incentive awards given to the Chairman, the CEO or the President, as applicable, based upon this evaluation. 

 

Long-Term
Incentive Compensation. Annually, the Committee shall have the power and responsibility to:

 

	 	1.	Review
    and approve any long-term incentive awards granted to the Chairman, the CEO and the President; 
	 	 	 
	 	2.	Consider
    the value of such award compared with those granted to other Chairmen, CEOs and Presidents, as applicable, in the industry and at
    comparable companies, as well as any other data it deems relevant; and
	 	 	 
	 	3.	Consider
    the common stock and number of stock options granted to the Chairman, the CEO and the President, as applicable, in prior years. 

 

During
voting or deliberations regarding any of the compensation issues discussed above, the person whose compensation is the subject of deliberation
may not be present.

 

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General
Employee Pension and Employee Welfare Benefit Plans

 

The
Board of Directors has delegated to the Committee the standing authority to discharge the ultimate fiduciary responsibilities and plan
administrator responsibilities under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), that may
reside with the Board of Directors for employment benefit plans, as defined in Section 3(3) of ERISA, sponsored by the Company or any
domestic subsidiary of the Company. The Committee shall render appropriate reports to the Board and the Board has delegated to the Committee
the standing authority to make certain amendments (as limited below) to the Company’s employee benefit plans as defined by Section
3(3) of ERISA, whether or not covered by ERISA and related trust agreements and to further delegate its authority to appropriate officers
of the Company. With respect to these delegations, the Committee shall have the power and responsibility to:

 

	 	1.	Monitor
    the employee benefit plans sponsored by the Company with respect to external competitiveness, internal equity and legal compliance;
    
	 	 	 
	 	2.	Recommend
    the creation of any additional pension, profit-sharing or tax qualified employee benefit plan or program; 
	 	 	 
	 	3.	Develop
    and implement long-term strategic asset allocation policies that accomplish the investment objectives adopted by the Committee for
    the Company’s domestic defined benefit retirement plans; 
	 	 	 
	 	4.	Establish
    investment policies and guidelines for all funded defined benefit and defined contribution plans, and welfare benefit plans; 
	 	 	 
	 	5.	Select
    and terminate investment managers, consultants, and trustees; 
	 	 	 
	 	6.	Maintain
    fiduciary control over all employee benefit plan assets, delegating such fiduciary control to the extent deemed necessary or desirable
    by the Committee to investment managers and institutional trustees and custodians as is consistent with ERISA; 
	 	 	 
	 	7.	Approve
    actuarial funding assumptions regarding expected return on investments; 
	 	 	 
	 	8.	Shall
    report to the full Board with respect to any authority exercised by it or any delegate, including a summary of each amendment and
    its financial impact, at the next Board meeting; 
	 	 	 
	 	9.	To
    the extent deemed necessary or desirable by the Committee, shall retain independent professional advisors to assist the Committee
    with its duties under any employee benefit plan, and shall ensure that such advisor performs its duties under an employee benefit
    plan independently and in the best interest of plan participants and their beneficiaries; and 
	 	 	 
	 	10.	Shall
    otherwise ensure that the employee benefit plans are maintained, operated, and administered in compliance with ERISA, the Internal
    Revenue Code and all other applicable laws. 

 

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Director
Compensation

 

The
Committee shall have the power and responsibility to:

 

	 	1.	Annually
    review the directors’ compensation and recommend any changes to the full Board of Directors. In considering an independent
    director’s compensation the Committee shall consider whether fees and emoluments exceed what is customary. The Committee should
    also consider the effect that any form of indirect compensation may have on a director’s independence (i.e. substantial charitable
    contributions to an organization in which a director is affiliated); and 
	 	 	 
	 	2.	Approve
    annual retainer and meeting fees for the Board of Directors and its committees and fix the terms and awards of compensation to members
    of the Board. 

 

Procedures

 

Meetings:

 

	 	1.	Any
    action required to be taken at a meeting of the Committee will be deemed the action of the Committee if all of the Committee members
    executed, either before or after the action is taken, a written consent and the consent is filed with the Company’s Secretary.
    
	 	 	 
	 	2.	The
    Chairman will report from time to time to the Board of Directors on Committee actions and on the fulfillment of the Committee’s
    responsibilities under its Charter. 
	 	 	 
	 	3.	The
    Committee will meet a minimum of once each quarter and at such other times as may be requested by its Chairman. 

 

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