Document:

Exhibit
10.13

 

 

October
1, 2015

 

Mr.
Bryan McLaren, CEO

Zoned
Properties, Inc.

14300
N. Northsight Blvd #208

Scottsdale,
AZ 85260

 

Dear
Mr. McLaren:

 

Thank
you for the opportunity to be of continuing service to you. This letter and the accompanying attachments outline the terms of
our proposed engagement as we understand them, to be effective on October 1, 2015. Should these terms be acceptable, please indicate
your agreement by signing in the space provided at the end of this letter and returning the original to us.

 

SCOPE
OF ENGAGEMENT

 

We
are being engaged to:

		●	Provide
                                         outsourced/part-time chief financial officer/controller services for the company. Adam
                                         Wasserman will serve as your Chief Financial Officer.
		●	Assist
                                         the Company and its management in dealing with auditing process and with the auditing
                                         firm including helping the Company prepare and finalize the audit in a timely and efficient
                                         manner.
		●	Assemble
                                         your annual and quarterly financial statements, which include a balance sheet, statement
                                         of operations, statement of stockholders' equity, and a statement of cash flows and footnotes
                                         for specific periods in order to conform to generally accepting accounting principles
                                         accepting in the United States of America. Additional, we will assist management in the
                                         preparation of financial statements and work papers related to annual financial audits
                                         and quarterly SEC filings. SEC filings shall include quarterly 10-Q reports, financial
                                         portions of the 10-K report and, management's discussion and analysis.
		●	Summarize
                                         such adjusting entries as management deems necessary to reflect non-monetary transactions
                                         (e.g., asset contribution, depreciation, capitalization of costs, loan amortization,
                                         intercompany transactions, etc.).
		●	We
                                         will assist the Company in preparing other public filings required by the Company including
                                         8-K filings and registration statements on Form S-1.
		●	Assist
                                         you in communications with the Company's Board of Directors including participation at
                                         board meetings, and any other board issues
		●	We
                                         will assist the Company in dealing with potential investors. We will be available to
                                         answer questions, provide analysis and appearance at any investor meetings.
		●	We
                                         will continually train Company staff and will provide greater oversight and we will advise
                                         management about all financial issues related to being a public entity.
		●	We
                                         do NOT render any tax advice nor prepare any tax returns; however we will interface on
                                         behalf of the company with whomever you engage to handle such matters.

 

	FINANCIAL
                                         TERMS

        Corporate
        Office

        431 Fairway
        Drive — Suite 200

        Deerfield Beach, Florida 33441
	www.cfooncall.com
    	954.616.5582

        800.867.0078

        954.337.2204
	Main

    Toll Free

    Fax

 

 

     

     

    

 

	Mr.
                           Bryan McLaren

                           October
                           1, 2015
	 	 

 

Our fees
for the above services will be billed at the flat rate of $10,000.00 per month which shall be payable as follows:

 

	 	$4,500.00
	Base
                                         Fee payable in cash per month

	 	$2,000.00
	 per
    month payable in cash to be deferred and paid upon the earlier of 6 months or a capital raise (at such time base fee shall
    increase to $6,500.00 per month) 
	 	$3,500.00	per
    month to be payable quarterly in advance (minimum 1,250 shares per month). Said stock shall be valued at the lower of the
    share price from the most recent capital raise or 60% of the bid price of the Company's common stock at the last trading
    day of the previous quarter.

 

Upon
the execution by all parties client shall issue to CFO Oncall, Inc. 19,600 shares of the Company's common shares (restricted)
which shall represent 2,100 shares due through December 31, 2015 and 17,500 shares as a bonus that was determined by the client.
In addition, at the Client's sole discretion, Client may elect to make additional stock grants as incentives to CFO Oncall, Inc.

 

Our
Standard Engagement Terms are attached and incorporated herein by reference. Please review these terms carefully. Lack of payment
may result in our termination of services until your account is fully paid.

 

We
appreciate your trust and confidence in our professional services. If we can answer any questions regarding this engagement or
our fees, or explain any of our other services, please do not hesitate to contact us.

 

If
the foregoing is consistent with your intentions and understanding, please sign this letter in the space provided and return it
to us.

 

	 	Regards,
	 	 
	 	/s/ Adam Wasserman
	 	Adam Wasserman
	 	CFO Oncall, Inc.

 

I understand and agree
with the provisions outlined above.

 

	/s/ Bryan
    McLaren	 	10.26.15
	Signature	 	Date

 

	Print Name:	Bryan
                                         Mclaren

 

    	 	2	 

     

    

 

	Mr.
                           Bryan McLaren

                           October
                           1, 2015
	 	 

 

STANDARD
ENGAGEMENT TERMS

 

The
following terms govern the engagement between the addressee of the accompanying engagement letter (You) and CFO Oncall, Inc.
(CFO).

 

CONFIDENTIALITY

CFO
treats all Client relationships as confidential and will not disclose your financial or tax information or any other proprietary
information learned during the course of the engagement to anyone outside of CFO without your written permission except as required
by law or regulation. Your permission may be granted by identifying the parties (e.g. financial advisor, attorney, banker, etc.)
to whom disclosure is permitted below, or by other written correspondence. CFO further agrees to bind its employees and subcontractors
to the terms and conditions of this Agreement.

 

CLIENT PROVIDED INFORMATION

You
represent that all information provided to CFO is accurate and complete to the best of your knowledge. Further, if these services
involve tax return preparation, you represent that unless CFO is otherwise advised in writing or acts as your business manager,
you possess the required supporting documentation for such tax deductions as travel, entertainment, business gifts, charitable
contributions, automobile usage, etc. CFO is not responsible for any additional tax, penalties or interest that might result from
the lack of documentation for such deductions upon audit.

 

PROFESSIONAL JUDGMENT

CFO
will use its professional judgment in applying tax, accounting, or other rules applicable to this engagement. Wherever there are
conflicting, reasonable interpretations of the rules, we will advise you of the possible positions you might take and follow the
position you request as long as it is consistent with applicable professional, statutory or regulatory standards. Should the positions
taken result in additional taxes, penalties, fines, interest or any other damages, we assume no responsibility for such costs.

 

CHANCES OR MODIFICATIONS
IN SCOPE OF ENGAGEMENT

Should
the scope of the engagement change, CFO will prepare a Change Order letter outlining the necessary changes and the modification
of fees. CFO will not proceed with the modified scope without your prior approval. Fee increases resulting from Change Orders
will be billed at the standard hourly rate. They will be outside the "not to exceed" amount on page 2.

 

TERMINATION OF ENGAGEMENT

Unless
otherwise stated in the accompanying engagement letter, this engagement may be terminated upon thirty (30) days written notice
by either party; provided, however, that these Standard Engagement Terms shall survive the termination of this engagement.

 

WORKPAPER OWNERSHIP

All
documents and work papers, including, but not limited to, data in electronic form, which emanate from the services performed by
CFO remain the property of CFO. Upon termination of this engagement CFO will provide you with a complete copy for your records
of all documents, and work papers prepared as part of this engagement. CFO retains its work papers at its discretion and does
not retain superseded materials.

 

GOVERNING
LAW

The
terms of this Agreement shall be construed in accordance with the laws of the State of Florida (regardless of the laws that might
be applicable under principles of conflicts of law) as to all matters including, but not limited to, matters of validity, construction,
effect and performance. If it becomes necessary for any party to institute legal action to enforce the terms and conditions of
this Agreement, and such legal action results in a final judgement in favor of such party ("Prevailing Party"), then
the party or parties against whom said final judgment is obtained shall reimburse the Prevailing Party for all direct, indirect
or incidental expenses incurred, including, but not limited to, all attorney's fees, court costs and other expenses incurred throughout
all negotiations, trials or appeals undertaken in order to enforce the Prevailing Party's rights hereunder. Any suit, action or
proceeding with respect to this Agreement shall be brought in the state or federal courts located in Broward County in the State
of Florida. The parties hereto hereby accept the exclusive jurisdiction and venue of those courts for the purpose of any such suit,
action or proceeding. The parties hereto hereby irrevocably waive, to the fullest extent permitted by law, any objection that
any of them may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this
Agreement or any judgment entered by any court in respect thereof brought in Broward County, Florida, and hereby further irrevocably
waive any claim that any suit, action or proceeding brought in Broward County, Florida, has been brought in an inconvenient forum.

 

ORIGINAL CLIENT RECORDS

Unless
otherwise noted in the accompanying engagement letter, you are responsible to retain original documents as may be necessary to
justify reported revenues, expenses, etc. CFO may choose to retain selected copies of documents in its work papers.

 

LIMITATIONS ON SCOPE
OF ENGAGEMENT AND VERIFICATION OF INFORMATION

Unless
otherwise stated in the accompanying engagement letter, CFO will not audit or otherwise verify the information provided by you
or third parties. This engagement cannot be relied upon to disclose errors and irregularities, including fraud or misappropriation
of assets that may exist. However, CFO will inform you of irregularities that come to its attention, unless they are inconsequential.

 

INDEMNIFICATION FOR
MANAGEMENT MISREPRESENTATION

If
we incur legal fees as a result of our reliance on any knowingly false representation by you, you agree to reimburse us for all
of our legal fees and related costs of defense.

 

 

3Exhibit 10.14

 

PROMISSORY
NOTE

 

	$2,100,000.00		Phoenix,
                                         Arizona 

                                         March 7, 2014

 

FOR
VALUE RECEIVED, the undersigned ("Maker") promises to pay to the order of Investment Property Exchange Services, Inc.,
a California corporation, its successors or assigns ("Holder"), the principal sum of TWO MILLION ONE HUNDRED THOUSAND
and NOM 00ths DOLLARS ($2,100,000.00) with interest thereon at the rate of seven and one-half percent (7.5%) from the date of
this Promissory Note as follows: Interest-only payments commencing on the 7th day of April, 2014, and continuing on the 7th day
of each month thereafter until paid. The entire unpaid principal balance, all accrued interest and any other amount payable hereunder
shall be all due and payable on March 7, 2019 (the "Maturity Date").

 

All
payments of principal, interest or other amounts due under this Note are payable in lawful money of the United States of America
to Holder at Attn: Paula Ripp, 60 E. Rio Salado Parkway, Suite, 1103, Tempe, AZ 85281, or such other place as the Holder may designate
in writing. All payments shall be applied first to interest and thereafter to principal, in accordance with the amortization schedule
attached hereto.

 

All
interest hereunder shall be calculated on the basis of a three hundred sixty (360) day year consisting of twelve (12) thirty (30)
day months; provided, however, that all interest payable for less than a full calendar month shall be calculated for the actual
number of days principal is outstanding.

 

This
Note is secured by, among other things, a Deed of Trust and Security Agreement with Assignment of Rents (the "Deed of Trust")
of even date herewith and recorded in the Records of Maricopa County, Arizona.

 

Time
is of the essence for payment of this Note. In the event that any payment required under this Note, or the Deed of Trust, is not
made within ten (10) days after the date due (regardless of mail delay), a late charge equal to Five Percent (5%) of the amount
overdue shall become immediately due and payable for the purpose of defraying the expenses incident to handling such delinquent
payments. Such late charge represents the reasonable estimate of Holder and Maker of fair compensation for the loss that will
be sustained by Holder due to the failure of Maker to make timely payments. Such late charge shall be paid without prejudice to
the right of Holder to collect any other amounts provided or agreed to be paid or to declare a default hereunder or under the
Deed of Trust or any instrument securing this Note. Such late charge shall not be applicable to the final payment due under this
Note on the Maturity Date.

 

    	 	 	Promissory Note 
 Page 1

     

    

 

Upon
the failure by Maker to make any installment payment within twenty (20) days of the due date, or in the event Maker fails to make
timely payments (within five (5) days of the due date) more than twice in any Loan Year, or in the event of any uncured default
under the Deed of Trust, Assignment of Leases, or any other instrument securing this Note, then the entire unpaid principal balance,
shall at once or at any time thereafter during continuance of any such default, at the option of Holder, become due and payable.
Failure to exercise such option shall not constitute a waiver of the right to exercise the same upon the occurrence of any subsequent
such event of default or continuance of such default after demand for strict performance. Acceptance by Holder of any payment
in an amount less than the amount then due shall be deemed an acceptance on account only, and the failure to pay the entire amount
then due shall be and continue to be an event of default.

 

Upon
the failure by Maker to make any installment payment under this Note within twenty (20) days of the due date, the failure to make
any other payment required under this Note, when due, or the occurrence of a default under the Deed of Trust, or any other instrument
securing this Note which is not cured within any applicable cure period, then the entire unpaid principal balance shall then accrue
interest at the rate of Fifteen Percent (15%) per annum (the "Default Interest Rate") until such default is cured, at
which time the normal rate of interest shall then accrue. At such time as a judgment is obtained for any amounts owing under this
Note or any document or instrument securing this Note, interest shall continue to accrue on the amount of judgment at the Default
Interest Rate.

 

In
the event this Note is placed in the hands of an attorney for collection, or if Holder becomes party plaintiff or defendant in
any legal proceeding in relation to the trust property or the lien created by the Deed of Trust or any other instrument securing
this Note, or for the recovery or protection of said property or indebtedness, the Maker hereof and Maker's successors and assigns
will pay to the Holder, all costs and expenses incurred by Holder, including attorneys' fees, appraisal fees, and reasonable travel
expenses, together with interest at the Default Interest Rate from the date they are incurred.

 

In
the event the Holder of this Note finds it necessary to pay real or personal property taxes, assessments, insurance payments,
or any other charges, fees, or payments as described in and permitted under the Deed of Trust, or any other document which secures
the payment of the indebtedness evidenced by this Note, then such sums shall immediately be added to this Note as additional principal
and shall accrue interest at the Default Interest Rate from the date of payment by Holder. Such sums shall be due and owing in
full from Maker to Holder ten (10) days after Holder has given notice of payment thereof to Maker.

 

    	 	 	Promissory Note 
 Page 2

     

    

 

 

All
fees, costs, expenses, late charges, default interest or other contractual obligations (the "additional sums") paid
by Maker to Holder, whether pursuant to the Note, the Deed of Trust, or any other document evidencing or securing the loan or
indebtedness, which, under the laws of the State of Arizona may be deemed to be interest with respect to such loan or indebtedness,
shall, for the purpose of any laws of the State of Arizona which may limit the maximum rate of interest to be charged with respect
to such loan or indebtedness, be payable by Maker as, and shall be deemed to be, additional interest, and for such purposes only,
the agreed upon and contracted rate of interest described above shall be deemed to be increased by the additional sum. Maker understands
and believes that this lending transaction complies with the usury laws of Arizona; however, if any interest or other charges
are ever deemed to exceed the maximum amount permitted by law, then: (a) the amount of interest or charges payable hereunder by
Maker shall be reduced to the maximum amount permitted bylaw; and (b) any excess amount permitted by law will be credited
against the unpaid principal indebtedness. If the principal indebtedness has already been paid, the excess amount paid will be
refunded to Maker.

 

Maker
does not waive diligence, demand, presentment for payment, protest and notice of non-payment and of protest, notice of default,
notice of acceleration, and all other notices or demands of any kind, except as otherwise provided for in this Note or the Deed
of Trust, Assignment of Leases, or any other instrument securing this Note.

 

The
loan evidenced by this Note is made in the State of Arizona and the provisions hereof will be construed in accordance with the
laws of the State of Arizona. Further, in the event of default, this Note may be enforced in any court of competent jurisdiction
in the State of Arizona.

 

Failure
of the Holder to exercise any option hereunder shall not constitute a waiver of the right to exercise the same in the event of
any subsequent default or in the event of the continuation of any existing default.

 

Should
any one or more provisions of this Note be determined to be illegal or unenforceable, such provision or provisions shall be modified
to the minimum extent necessary to make it or its application valid and enforceable, and all other provisions shall be effective.

 

Any
notice required or permitted under this Note shall be deemed given upon the earlier of actual receipt or three (3) days after
mailing same by registered or certified mail, postage prepaid, return receipt requested, to Maker at 16624 N. 90th
Street, Suite 101, Scottsdale, Arizona 85260, or to Holder at attn: Paula Ripp, 60 E. Rio Salado Parkway, Suite 1103, Tempe, AZ
85281, or to such other addresses either may request by written electronic notice, or one (1) day following pickup by a nationally
recognized overnight delivery service.

 

The
terms of this Note apply to, inure to the benefit of, and bind all parties hereto, their heirs, legatees, devisees, administrators,
executors, successors and assigns; and if any third party shall become the holder of this Note, such party shall have and possess
all rights hereunder to the extent as if this Note had been originally delivered to such third party holder.

 

	“Maker"	ZONED
                                         PROPERTIES, INC.
	 	a Nevada corporation
	 	 	 
	 	By:	/s/ Marc Brannigan
	 	 	Marc Brannigan
	 	 	Its: President

 

 

 

Promissory Note

Page 3

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