Document:

ex10_7.htm

 Exhibit 10.5 

 AGREEMENT 

 THIS AGREEMENT is entered into this 13th day of May, 2016, by and between AgEagle Aerial Systems Inc., a Nevada corporation (“AgEagle”), and Botlink, LLC, a North Dakota limited liability company (“Botlink”). 

 RECITALS 

 WHEREAS, AgEagle is a leading FAA 333 exempt provider of state-of-the-art unmanned aerial vehicle (“UAV”) data acquisition drones for precision agriculture; 

 WHEREAS, Botlink provides a cloud-based drone operations platform providing data processing and delivery, automated drone control, airspace awareness, manned aircraft locations, weather overlays and the redundancy of radio and cellular connections; 

 WHEREAS, AgEagle wishes to make use of Botlink’s electronic modules and related software for use in its commercially-available drones and Botlink wishes to provide such modules and software on the terms set forth below. 

 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, hereby agree as follows: 

 1.  Hardware and software availability.  Botlink will make available for use in AgEagle’s commercially-available drones electronic modules and the necessary software/firmware that are capable of programming the autopilot from data through a cellular data connection and/or telemetry, receiving and uploading flight management data to the autopilot, integration of various cameras, acquiring images from the camera, uploading images through a cellular connection, as well as uploading images through a ground based Internet connection post flight at least until December 30, 2020. 

 2.  Aerial map processing and hosting.  Botlink will provide aerial map processing (“photo stitching”) to AgEagle customers who maintain a subscription for at least until December 30, 2020 at a reasonable price.  This will include previous maps processed on a website where customers can download GEO TIFF’s and SHAPE files of the NIR stitched maps. 

 3.  Private labeling.  Botlink agrees to private label all customer touch points with the AgEagle and Botlink logo to include but not limited to web sites which hosts processed maps and billing statements. Botlink will bill the customers through an AgEagle labeled website. 

    

    

    

 

 4.  Third party API portal.  Botlink will grant AgEagle access to necessary application programming interfaces (“API’s”) that will allow AgEagle to access processed maps and necessary data to add value to AgEagle customers which would consist of an API.   

 5.  Billing and subscriber information.  Botlink will bill the customers through an AgEagle labeled web site.  AgEagle will have access to all customer data excluding credit card billing details to include but not limited to, name, address, email, telephone numbers, billing cycle, subscription duration. 

 6.  Customer subscription costs:  The cost for customer subscriptions shall be billed directly by Botlink and will be negotiated at a discounted rate from standard Botlink pricing. 

 7.  API integration:  Botlink will allow users to define a relationship and transfer stitched images from a Mission in the Botlink platform to pre-defined third party systems. 

 9.  Successors and Assigns.  This Agreement shall be binding upon and shall inure to the benefit of each of their parties and their respective successors and assigns. 

 10.  Amendments.  This Agreement may be amended only by a writing signed by each of the parties, and any such amendment shall be effective only to the extent specifically set forth in such writing. 

 11.  Counterparts: Facsimile Execution. This Agreement may be executed in any number of counterparts, and by each of the parties on separate counterparts, each of which, when so executed, shall be deemed an original, but all of which shall constitute but one and the same instrument. Delivery of an executed counterpart of this Agreement by facsimile also shall deliver a manually executed counterpart of this Agreement, but the failure to deliver a manually executed counterpart shall not affect the validity, enforceability or binding effect of this Agreement. 

 12.  Entire Agreement. This Agreement contains the entire agreement of the parties with respect to the transactions contemplated hereby and supersedes all prior written and oral agreements, and all contemporaneous oral agreements, relating to such transactions. 

 13.  Expenses. Each party shall be responsible for such expenses as it may incur in connection with the negotiation, preparation, execution, delivery, performance and enforcement of this Agreement. 

 14.  Governing Law. This Agreement shall be a contract under the laws of the State of Kansas and for all purposes shall be governed by the construed and enforced in accordance with the laws of said State. 

 

    

    

    

 

 15.  Notices. Unless otherwise specifically provided herein, all notices, consents, requests, demands and other communications required or permitted hereunder: (a) shall be in writing;  (b) shall be sent by messenger, certified or registered US mail, a reliable express delivery service, charges prepaid as applicable, to the appropriate address(es) set forth below the parties signatures hereto; and (c) shall be deemed to have been given on the date of receipt by the addressee (or, if the date of receipt is not a business day, on the first business day after the date of receipt), as evidenced by a receipt executed by a responsible person in the office of the addressee, the records of the person delivering such communication or a notice to the effect that such addresses refused to claim or accept such communication, if sent by messenger, U.S. mail or express delivery service. 

 

 16.  Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction, shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining portions hereof or affecting the validity or enforceability of such provision in any other jurisdiction. 

 17.  Time of the Essence.   Time is of the essence of this Agreement. 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement to be effective as of the date set forth above. 

	    	
 AGEAGLE AERIAL SYSTEMS INC., a 

 Nevada corporation 

	    	    
	    	    
	    	    
	    	
 By: /s/ Bret Chilcott 

	    	
 Bret Chilcott, President 

	    	    
	    	    
	    	
 BOTLINK, LLC, a North Dakota limited 

 liability company 

	    	    
	    	    
	    	    
	    	
 By: /s/ Terri F. Gunn Zimmerman 

	    	
 Terri F. Gunn Zimmerman, CEOex10_8.htm

 Exhibit 10.6 

 

 CONSULTING AGREEMENT 

 

 This Consulting Agreement (the “Agreement”); dated as of March 1, 2015, confirms our understanding with respect to the engagement of CreenBlock Capital, located at 420 Royal Palm Way Palm Beach, Florida 33480 (“Consultant”) to serve as strategic consultant with respect to the matters set forth herein to Solutions by Chilcott LLC, a Kansas LLC located at 117 S. 4th Street Neodesha, Kansas 66757 (the “Company”).

 1.     Services 

 

 Strategic Advisory and Consulting Services

 

 Consultant will serve as a strategic advisor and capital markets consultant to the Company. Such services shall include, but are not limited to, the following (the “Services”): 

 

	   	
 § 

	
 Advise management on strategic direction of the company's products, distribution, technology offerings, and vendors; 

	   	
 § 

	
 Advise management on types of financing structures, aspects of being a public company, and similar capital market issues.   The Services shall specifically not include the sale, offer for sale, or purchase of securities of the Company, 

	   	
 § 

	
 Seek, introduce and help negotiate agreements with strategic partners, distributors, technology providers, and similar parties; 

	   	
 § 

	
 Advise on the structure and terms of any proposed strategic transactions such as acquisitions or "going public" transactions; 

	   	
 § 

	
 Assist the Company in preparation of financial statements, financial audits, business plans, corporate presentation materials and similar documents to support the structure and growth of the Company; 

	   	
 § 

	
 Assist in the preparation and due diligence requests and organization of diligence materials; 

	   	
 § 

	
 Perform such other strategic advisory services related to the Company, its business, technology, and financial structure as Consultant and the Company agree to be appropriate. 

 

 2.       Compensation 

 

 For the services provided above, the Consultant shall receive an initial issuance 500,000 shares of common stock of the Company as of May 1, 2015.

 

 Should the Consultant continue to be providing valuable Services to the Company the Consultant shall receive an additional issuance of 500,000 shares of common stock on January 15, 2016 and 250,000 stock options on January 15, 2016, exercisable for five (5) years from the issuance date, immediately vesting and exercisable at a price equal to the most recent common stock sales by the Company or determined by the CEO of Company at the time of issuance. 

 

    

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 3.      Expenses 

 

 The Company shall reimburse Consultant for all its pre-approved out-of-pocket expenses incurred in pie. forming its services hereunder including travel. 

 

 4.     Term and Termination 

 

 The term of this Agreement shall initially be until August 31, 2016 (the “Term”).  After the initial Term, this Agreement will continue for successive periods of six (6) months until terminated by either party with 20 days written notice. 

 

 5.     Other Terms

 

 (i)         Nondisclosure.   Both during and after the Term, Consultant shall not, and Consultant shall not permit any member, officer, employee, agent or other representative of Consultant or of any other entity which is controlled by Consultant (collectively, “Affiliate”) to disclose to any person other than Affiliates of Consultant, or use for the benefit of Consultant or any Affiliates of Consultant, any terms of this Agreement or any non-public information concerning the Company and its Clients which has been  learned or has come into the possession of Consultant or an Affiliate of Consultant as a result of Consultant's or such Affiliate's association with the Company or its Clients pursuant to this Agreement. In the event of any disclosure required by any applicable law, regulation or judicial or regulatory order or threat of such an order, Consultant shall provide Company written notice of any such disclosure request, and shall further notify Company as expeditiously as possible to enable Company to authorize such disclosure, , to limit such disclosure, or to take action necessary to prevent and/or enjoin such disclosure. 

 

 (ii)         Independent Contractor. Consultant understands and agrees that it will act under this Agreement as an independent contractor, on a best efforts basis and in an introductory capacity to potential strategic partners, groups and/or sub-contractors. 

 

 (iii)        Indemnity.  The Company agrees to indemnify Consultant and its affiliates and their respective directors,  officers, employees, agents, and controlling persons (each an "Indemnified Party") and Consultant agrees to the same for the Company from and against any and all losses, claims, damages and liabilities, joint and several (collectively, “Losses”), to which the Indemnified Party may become subject under any applicable federal or state law; provided that the Company will not be liable to the extent that any Loss is found in a final judgment in a court to have resulted primarily from Consultant or any Indemnified Party's bad faith, gross negligence, willful misconduct, violation of law, misrepresentation or fraud. In that case, the Company will reimburse any Indemnified Party for all expenses (including reasonable counsel fees and expenses) as such may be incurred in connection with the investigation of or preparation for or defense of any pending or threatened claim or any action or proceeding arising thereof, whether or not such Indemnified Party is a party. The indemnification provided for in this Agreement shall be in addition to any rights that Consultant and/or the Company may have at common law or otherwise. 

    

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 (iv)        Waiver. No provision of his Agreement may be changed or terminated except by a writing signed by the party or parties to be charged therewith. Unless expressly provided, no party to this Agreement will be liable for the performance of any other party's obligations hereunder. Any party hereto may waive compliance by the other with any of the terms, provisions and conditions set forth herein; provided however, that any such waiver shall be in writing specifically setting forth those provisions waived thereby.  No such waiver shall be deemed to constitute or imply waiver of any other term, provision or condition of this Agreement This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which shall constitute a single agreement This Agreement is intended to supersede all prior agreements between the parties with respect to the subject matter hereof, 

 

 (v)         Choice of Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of Florida applicable to contracts executed in and to be performed in that state. 

 

 (vi)        Sole Agreement.  This Agreement is the entire agreement between the parties with respect to  its subject matter and constitutes and supersedes all prior agreements, representations and understandings of the parties, written or oral. 

 

 

	
 ACCEPTED AND AGREED TO 

	    
	
 GreenBlock Capital LLC 

	    
	
 By: 

	
 /s/ Chris Spencer 

	    	
 Date 

	
 3/1/15 

	    	
 Name:    

	
 Chris Spencer 

	    	    	    
	    	
 Title: 

	
 Owner 

	    	    	    
	    	    	    	    	    	    
	
 Solutions by Chileott LLC 

 

 AKA/ AgEagle 

	   
	
 By: 

	
 /s/ Bret Chilcott 

	    	
 Date: 

	
 03/01/15 

	    	
 Name:    

	
 Bret Chilcott 

	    	    	    
	    	
 Title 

	
 President/CEO 

	    	    	    

 

 

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