Document:

AMENDED
AND RESTATED CONSULTING AGREEMENT

 

This
Consulting Agreement, entered into this 16th day of August, 2017 (the “Agreement”), by and between
WEBSTAR TECHNOLOGY GROUP, INC., a Wyoming corporation, having its principal executive office at 4231 Walnut Bend, Jacksonville,
FL 32257 (the ‘Company”), and Mr. James Owens, having his registered office for Soft Tech Development Corporation
at 4231 Walnut Bend, Jacksonville, FL 32257 (the ‘ Consultant”).

 

WHEREAS,
the Company desires to engage the Consultant
upon the terms and conditions set forth in the Agreement entered into on September 12, 2016 (the “Agreement”), and
the Consultant desires to undertake and perform the duties of the engagement as provided in this Agreement.

 

WHEREAS,
The parties desire to amend and restate the
Agreement as set forth below.

 

WITNESSETH

 

WHEREAS,
the Company wishes to retain the Consultant and the Consultant has agreed to undertake and perform the obligations herein set
forth, subject to the terms hereof.

 

NOW,
THEREFORE, in consideration of the promises, covenants and agreements set forth herein, the parties agree as follows:

 

1.
Engagement of Consultant; Duties. The Company hereby engages the Consultant, and the Consultant agrees to be engaged on
a non-exclusive basis, as a consultant on the terms and conditions set forth below. The Consultant agrees that it will, as an
independent contractor, serve as a consultant to the Company and affiliates, to render such advice, consultation, information,
and services to the Board of Directors, managers and/or executive officers of the Company regarding the Company’s technology
strategy and direction in the same capacity as would be considered that of a Chief Technology Officer and to oversee the Company’s
network, technology and telephony infrastructure. Other duties may include:

 

a.
Strategic alliances, mergers and acquisitions;

 

b.
Corporate planning, strategy and negotiations with potential strategic business partners and/or other general business consulting
needs as expressed by the Company;

 

c.
Business development and business advertising;

 

f.
Due diligence processes;

 

It
shall be expressly understood that Consultant shall have no power to bind Company to any contract or obligation or to transact
any business in Company’s name or on behalf of Company in any manner. The Consultant’s role is that of a consultant
and advisor to, and not that of a manager or employee of the Company. The Consultant represents and warrants that it not subject
to any agreement, covenant or legal restraint which precludes or otherwise restricts its ability to enter into this Agreement
and perform the services contemplated hereby.

 

    	-1-

     

    

 

2.
Due Diligence. The Company shall supply and deliver to the Consultant all information relating to the Company’s business
as may be reasonably requested by the Consultant to enable the Consultant to provide the consulting services described in paragraph
1.

 

3.
Time. The Consultant will devote such time to the affairs of the Company as is necessary to perform the services contemplated
hereby in a professional and effective manner, subject to reasonable requirements of other businesses and activities of the Consultant’s
personnel, it being acknowledged and agreed that Consultant may enter into additional contracts to provide the same or similar
services to other entities engaged in the same or similar lines of business as that of the Company. The Consultant may perform
services hereunder in such manner (whether by conference, telephone, letter, email or otherwise) and at such times and places
as Consultant and the Company may reasonably determine. The Consultant does not guarantee that its efforts will have any impact
upon the Company’s business or that there will be any specific result or improvement from the Consultant’s efforts.

 

4.
Term. The Consultant’s engagement shall commence on August 16, 2017, and shall continue for an initial term of five
years.

 

5.
Compensation. The Consultant shall receive a monthly retainer of Twenty thousand dollars ($20,000.00). 

 

6.
Expense Reimbursement. The Company will reimburse the Consultant for reasonable expenses incident to the Consultant’s
rendering of services hereunder which the Company deems necessary or desirable, upon presentation of expense vouchers or other
documentation in such detail as the Company may from time to time reasonably require.

 

7.
Confidentiality. Consultant acknowledges and agrees that confidential and valuable information proprietary to Company and
obtained during its engagement by the Company, shall not be, directly or indirectly, disclosed without the prior express written
consent of the Company, unless and until such information is otherwise known to the public generally or is not otherwise secret
and confidential. The Consultant, for and on behalf of itself and its representatives, shall not divulge to anyone, either during
or at any time after the termination of its engagement, any information constituting a trade secret or other confidential information
acquired by him concerning the Company, except in the performance of his duties hereunder, without the prior written consent of
the Company or if required by law. The Consultant acknowledges that any such information is of a confidential and secret character
and of great value to the Company, and upon the termination of its engagement the Consultant shall forthwith deliver up to the
Company all notebooks and other data in its possession relating to the Company. The Company shall be entitled, in addition to
any other right and remedy it may have, at law or in equity, to an injunction, without the posting of any bond or other security,
enjoining or restraining the Consultant from any violation or threatened violation of this Section 7, and the Consultant hereby
consents to the issuance of such injunction; provided, however, that the foregoing shall not prevent the Consultant from contesting
the issuance of any such injunction on the ground that no violation or threatened violation of this Section 7 has occurred.

 

8.
Severability. If any provision of this Agreement shall be held to be invalid or unenforceable, such invalidity or unenforceability
shall attach only to such provision and shall not affect or render invalid or unenforceable any other provision of this Agreement;
and this Agreement shall be construed as if such provision had been drawn so as not to be invalid or unenforceable.

 

    	-2-

     

    

 

9.
Entire Agreement. Etc. This Agreement sets forth the parties’ final and entire agreement, and supersedes any and
all prior understandings with respect to its subject matter. This Agreement shall bind and benefit the parties hereto and their
respective heirs, successors and assigns, except as otherwise set forth herein. This Agreement is personal in nature and none
of the Consultant’s obligations under this Agreement may be assigned or delegated by the Consultant. This Agreement shall
be assignable by the Company to any other person in connection with the sale, transfer or other disposition of all or a substantial
portion of its business and assets; and this Agreement shall inure to and be binding upon any successor to all or a substantial
portion of the business, or to all or substantially all of the assets, of the Company, whether by merger, consolidation, purchase
of stock or assets or otherwise. This Agreement cannot be changed, waived or terminated except by a writing signed by both the
Consultant and the Company and shall be governed by, and construed in accordance with, the laws of the Florida applicable to contracts
made and performed entirely within such state.

 

10.
Independent Contractor. The parties agree that the Company shall have no right to control or direct the details, manner
or means by which the Consultant accomplishes the results of the services performed hereunder, it being acknowledged that the
Consultant shall for all purposes be an independent contractor of the Company.

 

11.
Counterparts. This Agreement may be executed 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.

 

12.
Delivery by Facsimile or E-Mail. This Agreement and any amendments hereto or thereto, to the extent signed and delivered
by means of a facsimile machine or digitally by means of e-mail, shall be treated in all manner and respects as an original contract
and shall be considered to have the same binding legal effects as if it were the original signed version thereof delivered in
person. At the request of either party hereto, the other party shall re-execute original forms thereof and deliver them to the
other party. Neither party shall raise the use of a facsimile machine or e-mail to deliver a signature or the fact that any signature
or contract was transmitted or communicated through the use of facsimile machine or e-mail as a defense to the formation of a
contract and each party forever waives any such defense.

 

13.
Notices. Any notice or other communication required to or which may be given to any party hereunder shall be in writing
and shall be delivered personally to such party (or the Secretary thereof in the case of the Company) or if mailed, by registered
or certified mail, postage prepaid, return receipt requested, addressed to such other party at the address first set forth above
(with the notice to the Company to be to the attention of James Owens, President) and shall be deemed delivered in all cases upon
receipt. Any party may change the address to which notices are to be sent by giving written notice of any such change in the manner
provided herein.

 

14.
Arbitration and Fees. Any controversy or claim arising out of or relating to this Agreement, or breach thereof, may be
resolved by mutual agreement; or if not, shall be settled in accordance with the Arbitration rules of the American Arbitration
Association in Volusia County, Florida. Any decision issued therefrom shall be binding upon the parties and shall be enforceable
as a judgment in any court of competent jurisdiction. The prevailing party in such arbitration or other proceeding shall be entitled,
in addition to such other relief as many be granted, to a reasonable sum as and for attorney’s fees in such arbitration
or other proceeding which may be determined by the arbitrator or other officer in such proceeding. If collection is required for
any payment not made when due, the creditor shall collect statutory interest and the cost of collection, including attorney’s
fees whether or not court action is required for enforcement. The prevailing party in any such proceeding shall also be entitled
to reasonable attorneys’ fees and costs in connection all appeals of any judgment.

 

15.
Captions. The descriptive headings of the several sections of this Agreement are inserted for convenience only and do not
constitute a part of this Agreement.

 

 

    	-3-

     

    

 

IN WITNESS WHEREOF, the parties hereto have set their hands as of the date first written above.

 

	 	WEBSTAR TECHNOLOGY GROUP, INC.
	 	 	 
	 	By:	/s/
    Joseph P. Stingone, Sr.
	 	Name:	Joseph P. Stingone, Sr.
	 	 	 
	 	By:	/s/
    James Owens
	 	Name:	James
    Owens

 

    	-4-Exhibit 10.1

 

AMENDMENT NO. 3 TO LICENSE AGREEMENT

 

This Amendment No. 3 (“Amendment “) to the License Agreement (as defined below) dated as of October 9, 2017 (the “Amendment Date”), is entered into by and between “上海斯丹赛生物技术有限公司” (Innovative Cellular Therapeutics CO., LTD.), a corporation organized and existing under the laws of China (“ICT”), and Vericel Corporation, a corporation organized and existing under the laws of the State of Michigan (“Vericel”).  Terms used, but not defined, herein shall have the meaning ascribed to them in the License Agreement.

 

RECITALS

 

WHEREAS, Vericel and ICT are parties to that certain License Agreement, dated as of May 9, 2017 (as amended, the “License Agreement”); and

 

WHEREAS, the Parties desire to amend the License Agreement on the terms and subject to the conditions set forth herein, with this Amendment 3 becoming effective on October 6, 2017 at 4:00 pm Eastern Daylight Time (the “Effective Time”) if the Upfront Payment is not received by Vericel from ICT at or before the Effective Time (the “Nonpayment Condition”).

 

NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

 

1.                                      AMENDMENTS

 

1.1          Section 12.2.4 of the License Agreement is hereby deleted in its entirety and replaced with the following:

 

12.2.4     Termination of Agreement for Failure to Pay Upfront Payment.  ICT shall use its commercially reasonable efforts to pay the Upfront Payment within sixty (60) days after the Effective Date.  In the event the default of its timely payment is caused by the related regulatory approval process, ICT shall immediately notify Vericel by a written notice and ICT will be granted a grace period of one hundred twenty (120) days after Vericel’s receipt of such notice to fulfill ICT’s payment obligation with regards to Upfront Payment.  Subject to Section 13.12, Vericel shall have the right to terminate this Agreement in its entirety, immediately upon written notice to ICT, if ICT fails to pay the Upfront Payment within such one hundred twenty (120) day grace period, provided that Vericel’s right to terminate this Agreement under this Section 12.2.4 shall expire on the earlier of (a) the date that is one hundred eighty (180) days after the Effective Date or (b) the Upfront Payment Receipt Date.

 

2.                                      MISCELLANEOUS

 

2.1          This Amendment 3 shall become effective at the Effective Time if, and only if, the Nonpayment Condition has occurred.

 

 

2.2          Except to the extent modified herein, the terms and conditions of the License Agreement shall remain in full force and effect.

 

2.3          This Amendment 3 shall be governed by and construed in accordance with the laws of the State of New York, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of this Amendment 3 to the substantive law of another jurisdiction.

 

2.4          This Amendment 3 may be executed in two or more counterparts, including by facsimile or PDF signature pages, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

IN WITNESS WHEREOF, the Parties have executed this Amendment No. 3 to the License Agreement as of the Amendment Date.

 

	
Innovative Cellular Therapeutics Co., Ltd.
    	
 
    	
Vericel Corporation
    
	
 
    	
 
    	
 
    
	
BY:
    	
/s/ Lei Xiao
    	
 
    	
BY:
    	
/s/ Dominick Colangelo
    
	
NAME: 
    	
Lei Xiao
    	
 
    	
NAME: 
    	
Dominick Colangelo
    
	
TITLE: 
    	
Chairman
    	
 
    	
TITLE: 
    	
Chief Executive Officer
    

 

2

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