Document:

Exhibit 10.2

 

CONSULTING AGREEMENT

 

THIS AGREEMENT (the "Agreement") made and entered
into this May 30, 2020, (hereinafter “Effective Date”) by and between SONOMA PHARMACEUTICALS; INC., with a place of
business located at 1129 N. McDowell Blvd., Petaluma CA 94954 (hereinafter "SONOMA"), a Delaware Corporation and Dr.
Robert Northey, with a place of business located at [_____] (hereinafter "Consultant").

 

WHEREAS, SONOMA desires that Consultant provide certain services
to SONOMA for its Research and Development department (such services, including all know-how, trade secrets, copyrights and patentable
inventions, being hereinafter referred to collectively as the “Materials”) and Consultant accepts such engagement;

 

WHEREAS, both SONOMA and Consultant desire to set forth in writing
the terms and conditions of their dealings, including rights as to the Materials;

 

NOW THEREFORE, in consideration of the premises hereof and the
mutual covenants and conditions hereinafter set forth and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

 

Section 1. CONSULTANT SERVICES

 

		1.1	On the terms and conditions set forth herein, SONOMA hereby engages Consultant during the term described below and Consultant
hereby accepts such engagement, to perform Research and Development expertise. Consultant warrants to use his best efforts, at
a level consistent with persons having a similar level of education, experience and expertise in the industry in accordance with
generally established professional standards and practices for quality, in the performance of the services called for hereunder.
This agreement is nonexclusive.

 

		1.2	Consultant warrants that he has the right to make and enter into this Agreement and that Consultant has the exclusive right,
or is privileged without royalty or other obligation to or permission from any third party or entity, to disclose and give to SONOMA
property any information that Consultant may disclose to, or develop for, SONOMA and, further, agrees that SONOMA shall have the
right to use or disclose such information as SONOMA in its sole discretion may determine from time to time without royalty or other
compensation therefore to Consultant or others.

 

Section 2. TERM OF AGREEMENT

 

		2.1	The term of this Agreement shall be for 3 years commencing May 30, 2020 and may be renewed by mutual agreement between SONOMA
and Consultant.

 

Section 3. INDEPENDENT
CONTRACTOR

 

		3.1	Consultant agrees that he shall be an independent contractor acting for or on behalf of SONOMA. Consultant shall have no authority
to contract for or bind SONOMA in any manner. Consultant shall have no status as employee or any right to any benefits that SONOMA
grants its employees.

 

Section 4. COMPENSATION

 

		4.1	SONOMA agrees to pay Consultant at the rate of $200 per hour for the services rendered by Consultant during the term of this
Agreement.

 

		4.2	Consultant will not be eligible to participate in any vacation, group medical or life insurance, disability, profit sharing
or retirement benefits, or any other fringe benefits or benefit plans offered by SONOMA to its employees, and SONOMA will not be
responsible for withholding or paying any income, payroll, Social Security, or other federal, state, or local taxes, making any
insurance contributions, including for unemployment or disability, or obtaining workers' compensation insurance on Consultant’s
behalf. Consultant shall be responsible for, and shall indemnify SONOMA against, all such taxes or contributions, including penalties
and interest. Any persons employed or engaged by Consultant in connection with the performance of the services under this Agreement
shall be Consultant’s employees or contractors and Consultant shall be fully responsible for them and indemnify SONOMA against
any claims made by or on behalf of any such employee or contractor.

 

 

 

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Section 5. OBLIGATION
FOR EXPENSE

 

		5.1	SONOMA will reimburse Consultant for reasonable and appropriate out-of-pocket business expenses according a budget as agreed
by SONOMA. Consultant shall be responsible for sending in an expense report per month. From time to time, in anticipation of certain
expenses such as airfare, extended travel & living expenses, SONOMA may advance certain monies pursuant to a mutually agreed
upon expense budget.

 

Section 6. OWNERSHIP
OF MATERIALS

 

		6.1	Consultant agrees that all Materials, reports and other data or materials generated or developed by Consultant under this Agreement
or furnished by SONOMA to Consultant shall be and remain the property of SONOMA. Consultant specifically agrees that all copyrightable
Material generated or developed under this Agreement shall be considered works made for hire and that such material shall, upon
creation, be owned exclusively by SONOMA. To the extent that any such Material, under applicable law, may not be considered works
made for hire, Consultant hereby assigns to SONOMA the ownership of copyright in such Materials, without the necessity of any further
consideration, and SONOMA shall be entitled to obtain and hold in its own name all copyrights in respect of such Materials.

 

		6.2	If and to the extent Consultant may, under applicable law, be entitled to claim any ownership interest in the Materials, reports
and other data or materials generated or developed by Consultant under this Agreement, Consultant hereby transfers, grants, conveys,
assigns and relinquishes exclusively to SONOMA all of Consultant's right, title and interest in and to such Materials, under patent,
copyright, trade, secret and trademark law, in perpetuity or for the longest period otherwise permitted by law.

 

		6.3	Consultant shall perform any acts that may be deemed necessary or desirable by SONOMA to evidence more fully transfer of ownership
of all Materials designated under this Section 6 to SONOMA to the fullest extent possible, including but not limited to the making
of further written assignments in a form determined by SONOMA.

 

		6.4	To the extent that any preexisting rights are embodied or reflected in the Materials, Consultant hereby grants to SONOMA the
irrevocable, perpetual, non-exclusive, worldwide, royalty-free right and license to (1) use, execute, reproduce, display, perform,
distribute copies of, and prepare derivative works based upon such preexisting rights and any derivate works thereof and (2) authorize
others to do any or all of the foregoing.

 

		6.5	Consultant hereby represents and warrants that he has full right and authority to perform hiss obligations and grant the rights
and licenses herein granted and that he has neither assigned nor otherwise entered into an agreement by which he purports to assign
or transfer any right, title, or interest to any technology or intellectual property right that would conflict with its obligations
under this Agreement. Consultant covenants and agrees that he shall not enter into any such agreements.

 

Section 7. PROTECTION
OF PROPRIETARY MATERIALS

 

		7.1	From the date of execution hereof and for as long as the information or data remain Trade Secrets, Consultant shall not use,
disclose, or permit any person to obtain any Trade Secrets of SONOMA, including any materials developed or generated hereunder
(whether or not the Trade Secrets are in written or tangible form), except as specifically authorized by SONOMA.

 

		7.2	As used herein, "Trade Secret" shall mean a whole or any portion or phase of any scientific or technical information,
design, process, procedure, formula, or improvement that is valuable and not generally known to competitors of SONOMA.

 

		7.3	Irreparable harm should be presumed if Consultant breaches any covenant in this Agreement for any reason. This Agreement is
intended to protect SONOMA's proprietary rights pertaining to the Materials, and any misuse of such rights would cause substantial
harm to SONOMA's business. Therefore, Consultant agrees that a court of competent jurisdiction should immediately enjoin any breach
of this Agreement, upon a request by SONOMA.

 

 

 

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Section 8. RETURN OF
MATERIALS

 

		8.1	Upon the request of SONOMA, but in any event upon termination of this Agreement, Consultant shall surrender to SONOMA all memoranda,
notes, records, drawings, manuals, computer services and other documents or materials (and all copies of same) pertaining to the
Materials, reports and other data or materials generated or developed by Consultant or furnished by SONOMA to the Consultant, including
all materials embodying any Trade Secrets. This Section is intended to apply to all materials made or compiled by Consultant, as
well as to all materials furnished to Consultant by SONOMA or by anyone else that pertain to the Materials.

 

Section 9. INSIDER TRADING
PROHIBITION

 

9.1       Consultant
is aware and acknowledges that SONOMA is a public company. Consultant warrants that he shall abide by SONOMA’s Insider Trading
Policy.

 

Section 10. SCOPE OF
AGREEMENT

 

		10.1	This Agreement is intended by the parties hereto to be the final expression of their agreement and it constitutes the full
and entire understanding between the parties with respect to the subject hereof, notwithstanding any representations, statements,
or agreements to the contrary heretofore made. This Agreement may be amended only in writing signed by the parties to this Agreement.

 

		10.2	For purpose of enforcing this Agreement, all sections of this Agreement, except Section 4.1 hereof, shall be construed as covenants
independent of one another and as obligations distinct from all other contracts and agreements between the parties hereto.

 

Section 11. TERMINATION

 

		11.1	This Agreement may be terminated by either party upon thirty (30) days written notice to the other party. In the event of termination
under this Section by either party prior to the expiration of the term hereof, SONOMA shall be obligated to compensate Consultant
at the rate established herein for services performed prior to the date of such termination. The respective obligations and covenants
of the parties und this Agreement, which by their nature extend beyond the expiration or termination of this Agreement, including,
without limitation, its confidentiality and warranty provisions, shall survive the termination or expiration of this Agreement.

 

Section 12. GOVERNING
LAW

 

		12.1	This Agreement is made under and in all respects shall be interpreted, construed and governed by and in accordance with the
Laws of the State of Georgia. Sole and exclusive jurisdiction in any case or controversy arising under this Agreement or by reason
of this Agreement shall be with the Cobb County courts or the United States District Court for the Northern District of Georgia,
and for this purpose each party hereby expressly and irrevocably consents to the exclusive jurisdiction of such courts.

 

IN WITNESS WHEREOF, the parties hereto have caused this Consulting
Agreement to be duly executed on the day and year first above written.

 

SONOMA PHARMACEUTICALS, INC.

 

 

	By:/s/ Dr. Robert Northey___________	By: /s/ Bruce Thornton______________
	Dr. Robert Northey	Bruce Thornton
	Date: May 30, 2020	Date:
May 30, 2020

 

 

 

    	 	3box-ex102_159.htm

 

Exhibit 10.2

 

	
	

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

September 27, 2019

 

Box, Inc.

900 Jefferson Ave.

Redwood City, CA 94063

Attention: Chief Financial Officer

 

Re:Amendment.   

 

Ladies and Gentlemen:

 

Reference is made to that certain Credit Agreement, dated as of November 27, 2017 (as amended by Amendment No. 1 to Credit Agreement dated as of July 12, 2019 and in effect on the date hereof, the “Credit Agreement”), by and between BOX, INC. (the “Borrower”) and WELLS FARGO BANK, NATIONAL ASSOCIATION (the “the Lender”).  Capitalized terms not defined in this letter agreement are used herein as defined in the Credit Agreement.

The Borrower has requested certain amendments to the Credit Agreement as set forth in the following sentence. Upon effectiveness hereof, the Lender and the Borrower hereby agree that:

(i)The last sentence of Section 2.04 of the Credit Agreement is hereby amended and restated in its entirety as follows:

“In the event that no notice of continuation or conversion, or an incomplete notice of continuation or conversion, is received by the Lender with respect to outstanding LIBOR Loans, then upon expiration of the Interest Period(s) applicable thereto, such Loans shall automatically be continued for an additional Interest Period equal to one month; provided that if an Event of Default or Potential Event of Default has occurred and is continuing, such Loans shall convert to Prime Rate Loans.”; and

(ii)Article VIII of the Credit Agreement is hereby amended by adding thereto a new Section 8.22 as follows:

“Section 8.22.  Hedge Agreements.  Notwithstanding anything to the contrary set forth herein, at any time when an interest rate Hedge Agreement between the Borrower and the Lender (or any  (an “Interest Rate Swap”) is in effect in connection with any LIBOR Loan, the following provisions shall apply with respect to a portion of such Loan equal to the lesser of (x) the outstanding principal balance of such Loan and (y) the notional amount of the related Interest Rate Swap (the “Hedge Portion”):

(a)With respect to the Hedge Portion, no Prime Rate interest option shall be available. and

 

 

 

(b)With respect to the Hedge Portion, the following definition of “Interest Period” shall apply:

“Interest Period”: with respect to any LIBOR Loan for which an Interest Rate Swap has been executed, a period of one month, provided that (i) the initial Interest Period shall commence on the later of (A) the effective date of such Interest Rate Swap, and (B) the date of disbursement of such Loan, and shall continue up to, but shall not include, the fifth day of the immediately succeeding month, (ii) thereafter, each Interest Period shall commence automatically, without notice to or consent from the Borrower, on the fifth day of each month and continue up to, but shall not include, the fifth day of the immediately succeeding month and (iii) for any Interest Period commencing within one month of the Maturity Date, such Interest Period shall end on the Maturity Date.  An Interest Period that commences with respect to a Hedge Portion hereunder shall continue until its scheduled expiration date in accordance with the foregoing definition notwithstanding the termination of the Interest Rate Swap during such Interest Period.

The Borrower understands and acknowledges that (i) any Interest Rate Swap constitutes an independent agreement between the Borrower and the Lender and will be unaffected by any repayment, prepayment, acceleration, reduction, increase or change in the terms of this Agreement, except as otherwise expressly provided in the documentation for the Interest Rate Swap, (ii) nothing in this Agreement shall be construed as a modification of an Interest Rate Swap or create an obligation to amend an Interest Rate Swap, (iii) the Borrower may incur losses or reductions in benefits related to differences between the economic terms and characteristics of this Agreement and those of a related Interest Rate Swap (including, without limitation, differences with respect to maturity dates, payment dates and methods for determining interest rates and differences between borrowings hereunder and the notional amount of an Interest Rate Swap), and the Lender is under no obligation to ensure that there are no differences or that differences will not arise hereafter, including, without limitation, differences between usage hereunder and the notional amount of an Interest Rate Swap, and (iv) the Lender has no obligation to modify, renew or extend the Maturity Date to match the maturity date of an Interest Rate Swap.”

The provisions of this letter agreement shall be effective upon the date of the Lender’s receipt of counterparts of this letter agreement executed by the Lender and the Borrower, and the Lender shall confirm such effectiveness to the Borrower via email.  Upon such effectiveness, all references to the Credit Agreement in the Loan Documents shall refer to the Credit Agreement as amended by this letter agreement.

The Borrower hereby confirms that (i) the representations and warranties contained in Article V of the Credit Agreement and in the other Loan Documents are true, correct and complete in all material respects (or, in the case of any such representation or warranty already qualified by materiality or reference to Material Adverse Effect, in all respects) on and as of the date hereof as though made on and as of the date hereof, except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties were true, correct and complete in all material respects (or, in the case of any such representation or warranty already qualified by materiality or reference to Material Adverse Effect, in all respects) on and as of such earlier date and (ii) no Event of Default or Potential Event of Default has occurred and is continuing.

2

 

Except as specifically modified herein, the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed by the Borrower in all respects.  This letter agreement may be executed in any number of identical counterparts, any set of which signed by all the parties hereto shall be deemed to constitute a complete, executed original for all purposes.  Transmission by facsimile, “pdf” or similar electronic copy of an executed counterpart of this letter agreement shall be deemed to constitute due and sufficient delivery of such counterpart.  This letter agreement shall be governed by, construed and enforced in accordance with, the laws of the State of California without reference to conflicts of law rules.

 

[This Space Intentionally Left Blank]

 

 

3

 

 

This letter agreement is a Loan Document as defined in the Credit Agreement, and the expense reimbursement, indemnification, waiver of jury trial, consent to jurisdiction and other provisions of the Credit Agreement generally applicable to Loan Documents are applicable hereto and incorporated herein by this reference and this letter agreement shall be interpreted, construed and enforced as if all such provisions were set forth in full in this letter agreement.

 

	
Sincerely,

	
 
	
 
	
 

	
WELLS FARGO BANK, NATIONAL ASSOCIATION, as the Lender

	
 
	
 
	
 

	
 
	
 
	
 

	
By:
	
 
	
/s/ Wendy Wong

	
Name:
	
 
	
Wendy Wong

	
Title:
	
 
	
Director

	
 
	
 
	
 

 

 

 

 

Accepted and agreed to:

 

BOX, INC.,
a Delaware corporation

 

 

	
By:
	
 
	
/s/ Dylan Smith

	
Name:
	
 
	
Dylan Smith

	
Title:
	
 
	
Chief Financial Officer

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