Document:

Exhibit
10.1

 

SERVICE
AGREEMENT

 

THIS
AGREEMENT made this 6th day of April 2020 (the “Effective Date”).

 

BETWEEN:

 

Slinger
Bag Inc., a Nevada company

 

(the
“Company”)

 

AND:

 

Mike
Ballardie, an individual residing in the United Kingdom

 

(the
“Executive”)

 

A.
The Company has offered the Executive the position of Chief Executive Officer of the Company.

 

B.
The Company and the Executive wish to formally record the terms and conditions upon which the Executive will be hired by and serve
as chief executive officer of the Company.

 

C.
Each of the Company and the Executive has agreed to the terms and conditions set forth in this Agreement, as evidenced by their
respective execution hereof.

 

NOW
THEREFORE THIS AGREEMENT WITNESSES that, in consideration of the premises and the mutual covenants and agreements herein contained,
the parties hereto covenant and agree as follows:

 

Article
1

CONTRACT
FOR SERVICES

 

	1.1	Engagement
    the Executive as Chief Executive Officer. (a) The Company hereby agrees to hire the Executive as Chief Executive Officer
    in accordance with the terms and provisions hereof.

 

	 	(i)	Term.
    Unless terminated earlier in accordance with the provisions hereof, this Agreement will commence on the Effective Date
    and will continue for a period of five (5) years therefrom (the “Term”).

 

	 	(b)	Service.
    The Executive agrees to faithfully, honestly and diligently serve the Company and to devote the time, attention efforts
    to further the business and legal interests of the Company and utilize his professional skills and care during the Term.

 

    	 	1	 

     

    

 

	1.2	Duties:
    The Executive’s services hereunder will be provided on the basis of the following terms and conditions:

 

	 	(a)	Reporting directly to the Board of Directors (the “Board”) of the Company, the Executive will serve as the Company’s Chief Executive Officer and President;
	 	 	 
	 	(b)	The Executive’s primary responsibilities include providing the strategic vision for the company, implementing the appropriate company structure, defining the core business objectives, making major corporate decisions, directing and managing the overall operations and resources of the Company, acting as the main point of communication between the Board and corporate operations and being the public face of the Company, in each case subject to, and in accordance with, applicable laws and regulations.
	 	 	 
	 	(c)	The Executive will faithfully, honestly and diligently serve the Company, co-operate with the Company and utilize maximum professional skill and care to ensure that all services rendered hereunder are to the satisfaction of the Company, acting reasonably. The Executive will provide any other services not specifically mentioned herein, but, which by reason of the Executive’s capability, the Executive knows or ought to know to be necessary to ensure that the best interests of the Company are maintained at all times.
	 	 	 
	 	(d)	The Executive will assume, obey, implement and execute such duties, directions, responsibilities, procedures, policies and lawful orders as may be determined or given from time to time by the Board.
	 	 	 
	 	(e)	The Executive will report the results of his duties hereunder to the Board as it may request from time to time.

 

Article
2

COMPENSATION

 

	2.1	Remuneration.

 

	 	(a)	The
    Executive’s monthly gross base salary shall be US $30,000 (together with any increases thereto as hereinafter provided,
    the “Base Salary”). The Base Salary shall be payable in accordance with the Company’s normal payroll procedures
    in effect from time to time. All monthly payments of Base Salary shall be paid in arrears within the last five days of each
    calendar month.
	 	 	 
	 	(b)	The
    Executive agrees to defer $10,000 per month of his base salary (the “Deferred Amount”) until the latter of the
    business reaching $10 million in cumulative revenues or the end of 2020. On either of the above options being reached, the
    Company will promptly transfer the Deferred Amount to the Executive in full.

 

    	 	2	 

     

    

 

The
Base Salary may be increased by the Board from time to time during the Term, but shall be reviewed by the Board at least annually.
Starting in the second year of this Agreement, Executive’s monthly base salary shall be increased in accordance with industry
standard compensation for chief executive officers so long as the Company has completed a capital raise or has the cash flow available
to do so.

 

	 	(c)	To
    the extent that the Company does not have sufficient funds to pay Executive his Base Salary, the Executive agrees that he
    shall defer the aggregate unpaid amount (the “Deferral Amount”) which will be registered in the Company’s
    books as a loan given to the Company by the Executive. As and when the Company has additional funds from any source, the Company
    will pay as much of Executive’s Base Salary as possible. So long as any amount of the Executive’s Base Salary
    remains unpaid, the Executive will have the option to convert such amount, or part of it into shares of the Company at the
    average trading price of the 10 days prior to the date of the request by the Executive to exercise this option. This option
    will survive the Term of this agreement.
	 	 	 
	 	(d)	The
    Company shall also issue Executive as soon as reasonably practicable shares of common stock equal to ten percent (10%) of
    the outstanding shares of its common stock on a fully issued, converted and diluted basis. The Company agrees to bear all
    costs and fees to be charged by the Company’s transfer agent in respect of such shares. The term “on a fully issued,
    converted and diluted basis” means that to the extent that there are outstanding any notes, preferred shares, options,
    warrants or other securities that are convertible into shares of common stock (collectively, “Convertible Securities”),
    then the number of shares of common stock outstanding shall include 100% of the shares of common stock into which the Convertible
    Securities are convertible.
	 	 	 
	 	(e)	The
    Executive shall be eligible to participate in employee benefit plans currently and hereafter maintained by the Company of
    general applicability to other senior executives of the Company, including, without limitation, group medical, dental and
    vision cover, life and permanent disability insurance, monthly car allowance, pension contributions of a minimum of 10% of
    the gross monthly salary and flexible-spending account plans (whether in existence as at the date hereof or to be established
    in the future). In the alternative the Company, at its sole discretion, having considered the suitability of Company benefits
    for the Executive, will provide the employee with a cash benefits allowance of not less than $7,500 gross per month to procure
    his own benefits, including without limitation private medical, dental and vision cover, life and permanent disability
    insurance, car allowance and pension provision.

 

    	 	3	 

     

    

 

	 	(f)	On
    the earlier of the Company’s cumulative revenues reaching $10 million (including, for the avoidance of doubt, revenue
    to be received by the Company in respect of orders for the Company’s products) or on 31 March 2021, the Executive will
    receive a one-time payment of $385,000 in cash or, at Executive’s option, $385,000 in shares of the Company with the
    shares to be valued at their fair market value at the date of issuance.
	 	 	 
	 	(g)	Holidays:
    The Executive is eligible to take 25 holiday days per year exclusive of all UK public holidays. The company’s’
    Holiday year will run from 1 January to 31 December and Holidays not used in any given year cannot be carried over to the
    following year without express permission of the Board.
	 	 	 
	 	(h)	In
    addition to the foregoing, the Company will grant the Executive additional compensation in the form of cash or shares in cases
    of extraordinary contribution by him to the benefit of the Company as the Board of Directors of the Company will decide.
	 	 	 
	 	(i)	The
    Executive’s position with the Company requires a special degree of personal trust, and the Company is not able to supervise
    the number of working hours of the Executive. Therefore, the Executive will not be entitled to any additional remuneration
    whatsoever for his work with the exception of that specifically set out in this Agreement. The Executive has other business
    interests and, as such, shall be permitted to spend such time as the Executive deems necessary or expedient on such interests,
    so long as there is no adverse material impact on the Executive’s performance of his obligations hereunder.

 

	2.2	Incentive
    Plans. The Executive will be entitled to participate in any bonus plan or incentive compensation plans as approved by
    the company from time-to-time. The Executives bonus payment level will be set at a minimum of 50% of the annual gross base
    salary.
	 	 
	2.3	Company
    equity or option plans. The Executive will be entitled to participate in any equity or option plan adopted for its directors,
    officers or employees by the Company.
	 	 
	2.4	Expenses.
    The Executive will be reimbursed by the Company for all reasonable business expenses incurred by the Executive in connection
    with his duties. This includes, but is not limited to, payments of expenses incurred when traveling abroad and others.

 

    	 	4	 

     

    

 

Article
3

INSURANCE
AND BENEFITS

 

	3.1	Liability
    Insurance Indemnification. The Company will insure the Executive (including his heirs, executors and administrators) with
    coverage under a standard directors’ and officers’ liability insurance policy at the Company’s expense.

 

Article
4

 

CONFIDENTIALITY
AND NON-COMPETITION

 

	4.1	Maintenance
    of Confidential Information.

 

	 	(a)	The
    Executive acknowledges that, in the course of performing his obligations hereunder, the Executive will, either directly or
    indirectly, have access to and be entrusted with confidential information (whether oral, written or by inspection) relating
    to the Company or its respective affiliates, associates or customers (the “Confidential Information”).
	 	 	 
	 	(b)	The
    Executive acknowledges that the Company’s Confidential Information constitutes a proprietary right, which the Company
    is entitled to protect. Accordingly, the Executive covenants and agrees that, as long as he works for the Company, the Executive
    will keep in strict confidence the Company’s Confidential Information and will not, without prior written consent of
    the Company, disclose, use or otherwise disseminate the Company’s Confidential Information, directly or indirectly,
    to any third party.
	 	 	 
	 	(c)	The
    Executive agrees that, upon termination of his services for the Company, he will immediately surrender to the Company all
    Company Confidential Information then in his possession or under his control.

 

	4.2	Exceptions.
    The general prohibition contained in Section 4.1 against the unauthorized disclosure, use or dissemination of the Company’s
    Confidential Information will not apply in respect of any Company Confidential Information that:

 

	 	(a)	is
    available to the public generally;
	 	 	 
	 	(b)	becomes
    part of the public domain through no fault of the Executive;
	 	 	 
	 	(c)	is
    already in the lawful possession of the Executive at the time of receipt of the Company’s Confidential Information;
    or
	 	 	 
	 	(d)	is
    compelled by applicable law or regulation to be disclosed, provided that the Executive gives the Company prompt written notice
    of such requirement prior to such disclosure and provides commercially reasonable assistance at the request and expense of
    the Company, in obtaining an order protecting the Company’s Confidential Information from public disclosure

 

    	 	5	 

     

    

 

Article
5

TERMINATION

 

	5.1	Termination
    of Employment. The Executive’s employment may be terminated only as follows:

 

	 	(a)	Termination
    by the Company

 

	 	(i)	For
    Cause: The Company may terminate the Executive’s employment for Cause.
	 	 	 
	 	(ii)	Without
    Cause: The Company may terminate Executive’s employment at any time by giving Executive 180 days prior written Notice
    of the termination. In such a case,100% of the Executive’s unvested stock and option compensation of any nature will
    vest without any further action required on the part of the Executive or the Company and the Company will deliver to the order
    of the Executive promptly, upon receipt of a written demand of the Executive, such shares of common stock or options at its
    sole expense as become due to Executive hereunder. The Executive’s right to receive compensation whether in cash or
    securities shall survive any termination of this Agreement Without Cause.

 

	 	(b)	Termination
    by the Executive

 

	 	(i)	For
    Good Reason. The Executive may terminate the Executive’s employment with the Company for Good Reason.
	 	 	 
	 	(ii)	Without
    Good Reason. The Executive may voluntarily terminate the Executive’s employment with the Company at any time by giving
    the Company 180 days prior written Notice of the termination.

 

	 	(c)	Termination
    Upon Death or Disability

 

	 	(i)	Death.
    The Executive’s employment shall terminate upon the Executive’s death.
	 	 	 
	 	(ii)	Disability.
    The Company may terminate the Executive’s employment upon the Executive’s Disability by giving not less than 180
    days’ prior written Notice of the termination to the Executive.

 

	 	(d)	For
    the purpose of this Article 5, “Cause” means:

 

	 	(i)	Breach
    of Agreement. Executive’s material breach of Executive’s obligations of this Agreement, not cured after 30 days’
    Notice from the Company.

 

    	 	6	 

     

    

 

	 	(ii)	Gross
    Negligence. Executive’s gross negligence in the performance of Executive’s duties.
	 	 	 
	 	(iii)	Crimes
    and Dishonesty. Executive’s conviction of or plea guilty to any crime involving, dishonesty, fraud or moral turpitude.
	 	 	 
	 	(iv)	In
    the event of termination of this agreement for Cause, the Company may terminate the Executive’s employment after 30
    days’ Notice.

 

	 	(e)	For
    the purpose of this Article 5, “Good Reason” means:

 

	 	(i)	Breach
    of Agreement. The Company’s material breach of this Agreement, which breach has not been cured by the Company within
    30 days after receipt of written notice specifying, in reasonable detail, the nature of such breach or failure from Executive.
	 	 	 
	 	(ii)	Non-Payment.
    The failure of the Company to pay any amount due to Executive hereunder, which failure persists for 30 days after written
    notice of such failure has been received by the Company.
	 	 	 
	 	(iii)	Change
    of Responsibilities/Compensation. Any material reduction in Executive’s title or a material reduction in Executive’s
    duties or responsibilities or any material adverse change in Executive’s Base Salary or any material adverse change
    in Executive’s benefits.
	 	 	 
	 	(iv)	Change
    of Location. Any relocation of the premises at which Executive works to a location more than 20 kilometers from such location,
    without Executive’s consent.

 

	 	(f)	It
    is agreed that in the event of termination of this agreement if the Company decides that the Executive’s services are
    not needed during the termination period, the Company will continue to be responsible for paying Base Salary, providing his
    benefits (or a cash allowance in lieu) and equity compensation as defined in Article 2 of this Agreement for the entire termination
    period. Neither the Company, nor the Executive will be entitled to any notice, or payment in excess of that specified in this
    Article 5.
	 	 	 
	 	(g)	Upon
    the termination (whether for cause, disability, death, without cause, for good reason or without good reason), the Company
    shall pay to Executive within 30 days of the termination date (i) any accrued but unpaid Base Salary for services rendered
    as of the date of termination, (ii) (if applicable) any accrued but unpaid vacation pay, (iii) the business expenses reasonably
    incurred by the Executive up to the date of termination or resignation and properly reimbursable, and (iv) payment of any
    cash allowance for benefits, in each case less any applicable deductions or withholdings required by law.

 

    	 	7	 

     

    

 

Section
5.2 Termination for Cause, Disability or Death

 

In
the event that this Agreement and the Executive’s employment with the Company is terminated for Cause, the Company
shall provide the Executive written notice thereof and Executive shall be entitled only to the amounts specified in Section
5.1 plus all vested common or preferred shares and, if applicable options and warrants.

 

Section
5.3 Termination without Cause or For Good Reason

 

In
the event this Agreement and the Executive’s employment with the Company is terminated by the Company without Cause (other
than for death or Disability) or by the Executive For Good Reason, then in addition to the amounts specified in Section 5.1 and
subject to the Executive’s execution and non-revocation of a separation agreement containing a general release and waiver
of liability against the Company and anyone connected with it in form acceptable to the Company, the Executive shall be entitled
to receive, and the Company shall pay the Executive an amount in lieu of Base Salary and benefits (less statutory deductions and
withholdings) that would have accrued to the Executive for the greater of (a) the unexpired portion of the Term of this Agreement
or (b) two (2) years, in a single lump sum, paid in full within 30 days of the termination date. Further, Executive shall be entitled
to all vested common or preferred shares and, if applicable, options and warrants with vesting continuing for 12 months following
termination as applicable.

 

Article
6

MUTUAL
REPRESENTATIONS

 

	6.1	The
    Executive represents and warrants to the Company that the execution and delivery of this Agreement and the fulfillment of
    the terms hereof

 

	 	(a)	will
    not constitute a default under or conflict with any agreement or other instrument to which he is a party or by which he is
    bound; and
	 	 	 
	 	(b)	do
    not require the consent of any person or entity.

 

	6.2	The
    Company represents and warrants to the Executive that this Agreement has been duly authorized, executed and delivered by the
    Company and that the fulfillment of the terms hereof

 

	 	(a)	will
    not constitute a default under or conflict with any agreement of other instrument to which it is a party or by which it is
    bound; and

 

    	 	8	 

     

    

 

	 	(b)	do
    not require the consent of any person of entity.

 

	6.3	Each
    party hereto warrants and represents to the other that this Agreement constitutes the valid and binding obligation of such
    party enforceable against such party in accordance with its terms subject to applicable bankruptcy, insolvency, moratorium
    and similar laws affecting creditors’ rights generally, and subject, as to enforceability, to general principles of
    equity (regardless if enforcement is sought in proceeding in equity or at law).

 

Article
7

NOTICES

 

	7.1	Notices.
    All notices required or allowed to be given under this Agreement must be made either personally by delivery to or by facsimile
    transmission to the address as hereinafter set forth or to such other address as may be designated from time to time by such
    party in writing:

 

	 	(a)	in
    the case of the Company, to:

 

Slinger
Bag Inc.

 

To
be provided under separate cover within three days after the date hereof; in the event that Executive does not receive notice
of address within such period, then Executive shall be entitled to send any notice to any email address of the Company known to
Executive and the sending of any such notice shall constitute receipt of notice whether the Company receives such notice or not.

 

	 	(b)	and
    in the case of the Executive, to the Executive’s last residence address known to the Company or mike.ballardie@slingerbag.com
    and his personal email address made known by the Executive to the Company from time to time.

 

	7.2	Change
    of Address. Any party may, from time to time, change its address for service hereunder by written notice to the other
    party in the manner aforesaid.

 

Article
8 GENERAL

 

	8.1	Further
    Assurances. Each party hereto will promptly and duly execute and deliver to the other party such further documents and
    assurances and take such further action as such other party may from time to time reasonably request in order to more effectively
    carry out the intent and purpose of this Agreement and to establish and protect the rights and remedies created or intended
    to be created hereby.

 

    	 	9	 

     

    

 

	8.2	Waiver.
    No provision hereof will be deemed waived and no breach excused, unless such waiver or consent excusing the breach is
    made in writing and signed by the party to be charged with such waiver or consent. A waiver by a party of any provision of
    this Agreement will not be construed as a waiver of a further breach of the same provision.
	 	 
	8.3	Amendments
    in Writing. No amendment, modification or rescission of this Agreement will be effective unless set forth in writing and
    signed by the parties hereto.
	 	 
	8.4	Assignment.
    Except as herein expressly provided, the respective rights and obligations of the Executive and the Company under this
    Agreement will not be assignable by either party without the written consent of the other party and will, subject to the foregoing,
    inure to the benefit of and be binding upon the Executive and the Company and their permitted successors or assigns. Nothing
    herein expressed or implied is intended to confer on any person other than the parties hereto any rights, remedies, obligations
    or liabilities under or by reason of this Agreement. For the avoidance of doubt, it is agreed that in the event that the Company
    participates in a merger, acquisition, restructuring, reorganization or other transaction in which the Company is merged into,
    sold to or otherwise becomes part of or owned by another company or entity, this Agreement will remain in force and be binding
    on any such successor, surviving or acquiring company or entity.
	 	 
	8.5	The
    Company acknowledges and agrees that the Executive may submit to the Company invoices from a company that employs him in lieu
    of invoices on his name. The Executive confirms that any such invoice will replace his own invoice and he agrees that his
    fees will be paid by the Company to third parties provided that it is done as per his instructions to the Company.
	 	 
	8.6	Severability. In
    the event that any provision contained in this Agreement is declared invalid, illegal or unenforceable by a court or other
    lawful authority of competent jurisdiction, such provision will be deemed not to affect or impair the validity or enforceability
    of any other provision of this Agreement, which will continue to have full force and effect.
	 	 
	8.7	Headings.
    The headings in this Agreement are inserted for convenience of reference only and will not affect the construction or interpretation
    of this Agreement.
	 	 
	8.8	Number
    and Gender. Wherever the singular or masculine or neuter is used in this Agreement, the same will be construed as meaning
    the plural or feminine or a body politic or corporate and vice versa where the context so requires.
	 	 
	8.9	Time.
    Time is of the essence in this Agreement.
	 	 
	8.10	Governing
        Law. This Agreement will be construed and interpreted in accordance with the laws of the State of New York without
        reference to its conflicts of laws principles or the conflicts of laws principles of any other jurisdiction, and each
        of the parties hereto expressly attorns to the jurisdiction of the courts of the State of New York. The sole and exclusive
        place of jurisdiction in any matter arising out of or in connection with this Agreement will be the applicable New York
        state or federal court.

         

	 	 
	8.11	This
    Agreement (including all Annexes thereto) constitutes the entire agreement between the Parties with respect to the subject
    matter thereof and supersedes all prior agreements, understandings and negotiations, both written and oral, between the Parties
    with respect to this matter.

 

    	 	10	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of the date and year first above written.

 

Slinger
Bag Inc.

 

/s/
Mike Ballardie

 

Agreed
and accepted:

 

/s/
Mike Ballardie

Executive

 

    	 	11Exhibit
10.1

 

EXECUTIVE
EMPLOYMENT AGREEMENT

 

THIS
EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is made as of                
the day of April 2020 (the “Effective Date”), by and between BIOTRICITY INC., a Nevada corporation
(the “Employer”), and WAQAAS AL-SIDDIQ (the “Executive”).

 

RECITALS

 

WHEREAS
the Employer and the Executive have agreed to enter into this Agreement to formalize in writing the terms and conditions reached
between them governing the Executive’s employment with the Employer;

 

NOW
THEREFORE in consideration of the covenants in this Agreement and for other consideration, the receipt and sufficiency of
which are acknowledged by the parties, the parties agree as follows:

 

ARTICLE
I 

COMMENCEMENTAND
TERM

 

	1.01	Term.
    The term of the Executive’s employment shall commence on the Effective Date and continue for twelve (12) months,
    unless earlier terminated in accordance with Article VI hereof. The term of the Executive’s employment shall be automatically
    renewed for successive one (1)-year periods until the Executive or the Employer delivers to the other party a written notice
    of their intent not to renew the Employment Term, such written notice to be delivered at least thirty (30) days prior to the
    expiration of the then-effective Employment Tenn. Each of the initial 12-month period and each successive one (1)-year period
    shall be known as an “Employment Term.”

 

ASSIGNMENT

 

	2.01	Position.
    The Executive shall be employed by the Employer in California as a member of the senior management team in the position
    of Chief Executive Officer (“CEO”) of the Employer. The Executive shall report directly to the board of directors
    of the Employer (the “Board”).

 

Duties.
The Executive shall perform the duties and exercise the powers that are normally performed or exercised by a CEO in a
comparable corporation, subject to applicable laws , including but not limited to overseeing all operations of the Employer, developing
corporate strategy, development of corporate technology, maintaining corporate timelines for projects, raising necessary capital
to support the Employer’s operations, investor and investment bank relations and any other duties as may be determined from
time to time by the Board. In addition, the Executive shall exercise such powers as prescribed by the Board but subject to the
By-Laws of the Employer. The Executive acknowledges that the nature of the Executive’s position and duties may require frequent
travel and frequent performance of work at irregular times. Without limiting the generality of the foregoing, Executive shall
perform and discharge faithfully, diligently and to the best of his ability such duties and responsibilities which are set forth
herein and shall devote his full business-time and efforts to the business and affairs of the Employer. Executive agrees to promote
the best interests of the Employer. The Executive acknowledges that the Company’s primary focus is on North America and
as such Executive shall primarily focus on advancing the Company’s business in North America unless otherwise approved by
the Board in writing.

 

    	 

     

    

 

	2.02	Director
    Position. During the Executive’s employment, the Executive agrees to serve as a Director of the Employer , for
    so long as the Executive is nominated and elected therefore.

 

ARTICLE
III 

REMUNERATION

 

	3.01	Salary.
    The Employer shall pay the Executive during the term of this Agreement an annual base salary of $390,000 subject to
    any increase approved by the Board (“Annual Base Salary”). The Executive’s Annual Base Salary shall be paid
    in accordance with the Employer’s customary payroll practices and shall be pro-rated for any partial year or month of
    employment.
	 	 
	3.02	Bonus.
    The Executive may be eligible to earn a cash and/or equity bonus of up to fifty 50% of his Annual Base Salary for
    the prior year based on the Executive’s individual performance and the achievement of corporate objectives as determined
    by the Board. At the Board’s discretion it may define certain objectives and provide these objectives to the Executive
    at the start of every annual period or such other period as the Board may deem appropriate. To the extent the objectives were
    achieved in the sole judgment of the Board, the Employer shall pay the bonus within sixty (60) days after Board approval.
    In order to receive a bonus payout, the Executive must be actively employed by the Employer on the date the bonus is paid
    out, unless the Executive is terminated without cause. For greater certainty, in the event of the cessation of the Executive’s
    employment with the Employer, the Executive will be deemed to be no longer actively employed as of the date specified in the
    written notice of termination from the Employer and shall not be deemed to be employed during the period of notice of termination
    to which the Executive may be entitled under the contract, statute, common law or otherwise. With respect to the granting
    of options and subject to compliance with applicable law, rules and regulations at the expiration of the term of any options
    that have been granted but not exercised by the Executive prior to the expiration of the options, the Executive will have
    the right to request that the Board extend the term of the options for an addional five years and the board will not unreasonably
    deny this request. 

 

    	 

     

    

 

	3.03	Benefits.
    The Executive shall be entitled to participate in the Employer’s benefit plans generally made available to its
    employees, including all standard medical benefit plans, in accordance with the terms of such plans. Notwithstanding the foregoing,
    nothing in this Agreement shall require any particular plan or program to be continued nor preclude the amendment or termination
    of any such plan or program, provided that such amendment or termination is applicable generally to the employees of the Employer.
	 	 
	3.04	Vacation.
    The Executive shall be entitled to four (4) weeks’ paid vacation per calendar year in accordance with the Employer’s
    vacation policies, as in effect from time to time to be taken at a time or times mutually agreeable to the Executive and the
    Employer, taking into account the Employer’s operational needs. As of the end of each calendar year during the Employment
    Term, any unused vacation shall be forfeited and shall not be carried over to subsequent years.
	 	 
	3.05	Professional
    Development. Subject to the Board’s prior written approval, the Employer will pay for or reimburse (up to the
    amount set forth in the Board’s prior written approval) the Executive for the costs of professional development activities
    relating to his position and responsibilities hereunder that are completed by the Executive during the term of this Agreement
    , upon being provided with proper vouchers or receipts.
	 	 
	3.06	Reimbursement
    of Expenses. The Company shall reimburse Executive for all reasonable expenses incurred by Executive during the Employment
    Term in the course of performing Executive’s duties under this Agreement that are consistent with the Company’s
    policies in effect from time to time with respect to travel, entertainment and other business expenses. In order to receive
    such reimbursement, the Executive shall furnish to the Company’s audit committee or such other person or committee designated
    by the Board documentary evidence of each such expense in the form required by the Board or such committee or applicable federal
    or state laws, rules or regulations . The Executive will not incur on behalf of the Company an expense in excess of $2,000
    without the prior written consent of a member of the audit committee. The Executive represents and warrants that all expenses
    that the Executive is seeking to have reimbursement as of the date hereof are set forth on Schedule 3.06 attached hereto.
    Other than set forth on Schedule 3.06 the Executive represents and warrants that there no expenses that the Executive may
    seek reimbursement for as of the date hereof. The Executive Agrees that within ten (10) days of the date the Executive ceases
    his employment with the Company for any reason, he will submit his final documented expense reimbursement statement reflecting
    all business expenses Executive incurred through the date that Executive’s employment with the Company ceased and the
    Company will reimburse the Executive for any appropriately reimbursable expenses pursuant to its regular business practice.

 

    	 

     

    

 

ARTICLE
IV

COVENANTS
AND WARRANTIES OF THE EXECUTIVE

 

	4.01	Full
    Time and Attention. During the Executive’s employment, the Executive shall devote such time and attention as
    is necessary and prudent to perform his duties and responsibilities hereunder and shall faithfully serve the Employer
    and shall use the Executive’s best efforts to promote the interests of the Employer. The Executive may engage in other
    professional activities outside of work hours, including being active in charitable organizations, so long as his activities
    thereunder do not constitute a violation of any provision of this Agreement and do not result in a significant potential for
    a true or perceived conflict of interest with respect to the Executive’s duties and responsibilities hereunder. Such
    activities will require disclosure and approval from the Board.
	 	 
	4.02	No
    Conflicts. The execution and delivery by the Executive of this Employment Agreement, and the performance by the Executive
    of its obligations hereunder, do not and will not (i) violate or conflict with any law, ordinance, or regulation , or order,
    decree or judgment of any arbitrator, court or administrative or other governmental body which is applicable to, binding upon
    or enforceable against the Executive or any of his assets, (ii) constitute or result in any breach of any of the terms, provisions,
    conditions of, or constitute a default under, or an event which, with notice or lapse of time or both, would constitute a
    default under, any indenture, agreement, contract or other document to which the Executive is a party or by which the Executive
    may be bound or (iii) require the consent or approval of any court, governmental authority or other person. Neither the execution
    , delivery nor performance of this Employment Agreement, nor the consummation by the Executive of the obligations contemplated
    hereby requires the consent of, authorization by, exemption from, filing with or notice to any governmental entity or any
    other person.
	 	 
	4.03	Rules
    and Regulations. The Executive shall be bound by and shall faithfully observe and abide by all applicable laws (including
    but not limited to the securities laws of the United States) as well as the announced rules and regulations of the Employer
    from time to time in effect or force.
	 	 
	4.04	Conflict
    of Interest. The Executive shall refrain from any situation in which the Executive’s personal interests conflict,
    or may appear to conflict, with the Executive’s duties with the Employer. Accordingly, the Executive shall not participate
    in the ownership of, have any financial involvement with or work for, any competing business or for any client or potential
    client of the Employer. The Executive acknowledges that if there is any doubt in this respect, the Executive shall inform
    the Board and obtain written authorization.

 

    	 

     

    

 

ARTICLE
V

RESTRICTIVE
COVENANTS

 

	5.01	Definitions.
    In this Agreement, unless something in the subject matter or context is inconsistent therewith:

 

	 	(a)	“Business”
    means (i) a business in the field of cardiac diagnostic monitoring and/or (ii) any business of the Employer in effect
    from time to time.
	 	 	 
	 	(b)	“Confidential
    Information” means confidential information of the Employer, including but not limited to trade secrets, “know-how,”
    plans, financing services, funding programs, costs, strategy and programs, computer programs and software and financial information,
    customer lists, Intellectual Property and other confidential information concerning the business and affairs of the Employer.
	 	 	 
	 	(c)	“Intellectual
    Property” means, without limitation , any domestic and foreign:

 

(i)
patents, inventions , applications for patents and reissues, divisions, continuations, renewals, extensions and continuations
in-part of patents or patent applications; (ii) proprietary and nonpublic business information , including inventions, developments
, trade secrets, know-how , methods, processes , designs, technology, technical data, schematics, formulae and client lists, and
documentation relating to any of the foregoing; (iii) works of authorship, copyrights, copyright registrations and applications
for copyright registration; (iv) designs, design registrations, design registration applications and integrated circuit topographies;
(v) trade names, business names, corporate names, domain names, website names and world wide web addresses, common law trade marks,
trade-mark registrations, trade mark applications, trade dress and logos, and the goodwill associated with any of the foregoing;
(vi) computer software and programs (both source code and object code form), all proprietary rights in the computer software and
programs and all documentation and other materials related to the computer software and programs; and (vii) any other intellectual
property and industrial property and moral rights, title and interest therein , anywhere in the world and whether registered or
unregistered or protected or protectable under applicable intellectual property laws, and as the same related to Section 5.03,
which the Executive may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or
reduced to practice, during the period of time the Executive is in the employ of the Employer or while providing services to the
Employer, including the copyright thereon.

 

    	 

     

    

 

	 	(d)	In
    the context of any action taken by the Executive, the words “directly or indirectly” means in Executive’s
    individual capacity for his own benefit or as a shareholder, lender, partner, member or other principal, officer, director,
    employee, agent or consultant of or to any individual, corporation, partnership, limited liability company, trust, association
    or any other entity whatsoever.)

 

	5.02	Confidential
    Information.

 

(1)
The Executive acknowledges that, by reason of the Executive’s employment with the Employer, the Executive will have access
to Confidential Information. The Executive agrees that , during and after the Executive’s employment with the Employer,
the Executive shall not disclose to any person, except in the proper course of the Executive’s employment with the Employer,
or use for the Executive’s own purposes or for any purposes other than those of the Employer, any Confidential Information
acquired, created or contributed to by the Executive.

 

(2)
Any breach of Section 5.02(1) by the Executive will result in material and irreparable harm to the Employer although it may be
difficult for the Employer to establish the monetary value flowing from such harm. The Executive therefore agrees that the Employer,
in addition to being entitled to the monetary damages which flow from the breach, will be entitled to injunctive relief in a court
of appropriate jurisdiction in the event of any breach by the Executive of Section 5.02(1).

 

	5.03	Intellectual
    Property. If at any time or times during Executive’s employment with the Employer, the Executive shall (either
    alone or with others) make, conceive , discover or reduce to practice any invention, device, modification, discovery, design,
    development, improvement, process, software program, work-of-authorship, documentation, formula, data, technique, know-how,
    secret or intellectual property right whatsoever or any interest therein (whether or not patentable or registrable under copyright
    or similar statutes or subject to analogous protection) (herein called “Developments”) that (a) relates
    to the business of the Employer (or any subsidiary of the Employer) or any customer of or supplier to the Employer (or any
    of its subsidiaries) or any of the products or services being developed, manufactured, sold or provided by the Employer or
    which may be used in relation therewith or (b) results from tasks assigned to the Executive by the Employer, such Developments
    and the benefits thereof shall immediately become and/or be considered as the sole and absolute property of the Employer and
    its assigns as a work for hire, and the Executive shall promptly disclose to the Employer (or any persons designated by it)
    each such Development and hereby assigns any rights the Executive may have or acquire in the Developments and benefits and/or
    rights resulting therefrom to the Employer and its assigns without further compensation and shall communicate , without cost
    or delay, and without publishing the same, all available information relating thereto (with all necessary documentation, plans
    and models) to the Employer. Upon disclosure of each Development to the Employer, the Executive will, during the Employment
    Term and at any time thereafter, at the request and cost of the Employer, sign, execute, make and do all such deeds, documents
    , acts and things as the Employer and its duly authorized agents may reasonably require:

 

	 	a)	to
    apply for, obtain and vest in the name of the Employer alone (unless the Employer otherwise directs) letters patent, copyrights,
    trademarks, service marks or other analogous protection in any country throughout the world and when so obtained or vested
    to renew and restore the same; and
	 	 	 
	 	b)	to
    defend any opposition proceedings in respect of such applications and any opposition proceedings or petitions or applications
    for revocation of such letters patent, copyrights, trademarks, service marks or other analogous protection.

 

In
the event the Employer is unable, after reasonable effort, to secure the Executive’s signature on any letters patent, copyrights,
trademarks, service marks or other analogous protection relating to a Development, whether because of the Executive’s physical
or mental incapacity or for any other reason whatsoever, the Executive hereby irrevocably designates and appoints the Employer
and its duly authorized officers and agents as the Executive’s agent and attorney-in-fact, to act for and on his behalf
and stead to execute and file any such application or applications and to do all other lawfully permitted acts to further the
prosecution and issuance of any such letters patent, copyrights, trademarks, service marks and other analogous protection thereon
with the same legal force and effect as if executed by the Executive.

 

    	 

     

    

 

	5.04	Non-Competition.

 

(1)
At any time during the Executive’s employment hereunder and, if the Employer terminates the Executive’s employment
for just cause as provided in Section 6.01 or if the Executive terminates his employment without Good Reason, the Executive must
not, in any manner whatsoever, without the prior written consent of the Employer for a period of twelve (12) months from the date
of termination of the Executive’s employment, directly or indirectly:

 

	 	(a)	carry
    on, engage in or be concerned with or interested in; or
	 	 	 
	 	(b)	lend
    money to, guarantee the debts or obligations of or permit the Executive’s name or any part thereof to be used or employed
    by any person engaged in or concerned with or interested in,

 

any
entity or person that engages in or contemplates engaging in a business that it the same or similar to the Business.

 

(2)
The Executive acknowledges and confirms that all restrictions in Section 5.04(1) above are reasonable and valid and waives all
defenses to the strict enforcement thereof.

 

	5.05	Non-Solicitation

 

(1)
The Executive must not, in any manner whatsoever, without the prior written consent of the Employer, at any time during the Executive’s
employment hereunder and for a period of twelve (12) months from the date of cessation of the Executive’s employment for
any reason, directly or indirectly:

 

(a)
induce or endeavor to induce any employee of the Employer to leave his or her employment, whether or not such employee would breach
his or her contract of employment by doing so;

 

(b)
employ or attempt to employ or assist any person to employ any employee of the Employer; or

 

(c)
solicit, endeavor to solicit or gain the custom of, canvass or interfere with the Employer’s relationships with any person
that:

 

(i)
is a customer of the Employer at the date of cessation of the Executive’s employment and with whom the Executive had any
dealings on behalf of the Employer in the twelve month (12) period immediately preceding the date of cessation of his employment;

 

(ii)
was a customer of the Employer at any time within twelve (12) months prior to the date of cessation of the Executive’s employment
and with whom the Executive had any dealings on behalf of the Employer in the twelve month (12) period immediately preceding the
date of cessation of his employment; or

 

(iii)
has been pursued as a prospective customer by or on behalf of the Employer at any time within twelve (12) months prior to the
date of cessation of the Executive’s employment and in respect of whom the Executive participated in such pursuit and in
respect of whom the Employer has not determined to cease all such pursuit,

 

    	 

     

    

 

for
the purpose of selling any products or services to the customer or potential customer, or for the purposes of soliciting orders
of any products or services from that customer or potential customer, where such products or services are substantially similar
to or competitive with the products or services sold by the Employer at the date of cessation of the Executive’s employment.

 

(2)
Notwithstanding Section 5.05(1), the Executive must not, in any manner whatsoever, without the prior written consent of the Employer,
at any time during the Executive’s employment hereunder and for a period of twelve (12) months from the date of cessation
of the Executive’s employment for any reason, provide any products or services to any customer or potential customer of
the Employer with whom the Executive had dealings on behalf of the Employer in the twelve (12) month period immediately preceding
the date of cessation of the Executive’s employment, where such products or services are substantially similar to or competitive
with the products or services sold by the Employer at the date of cessation of the Executive’s employment.

 

(3)
The Executive acknowledges and confirms that all restrictions in Section 5.05(1) and 5.05(2) are reasonable and valid and waives
all defenses to the strict enforcement thereof.

 

	5.06	Non-Disparagement.
    The Executive agrees not to make critical, negative or disparaging remarks about the Employer or its management, business
    or employment practices; provided that nothing in this paragraph shall be deemed to prevent the Executive from responding
    fully and accurately to any question, inquiry or request for information when required by applicable law or legal process,
    or to enforce this Agreement. The Employer agrees to direct its officers and directors not to make critical, negative or disparaging
    remarks about the Executive; provided that nothing in this paragraph shall be deemed to prevent the Employer or its officers
    or directors from responding fully and accurately to any question, inquiry or request for information when required by applicable
    law or legal process, or to enforce this Agreement.

 

	5.07	Acknowledgements.
    The Executive acknowledges that:

 

	 	(a)	the
    business of the Employer is (or is intended to be) carried on throughout but not limited to North America initially and that
    the Employer is interested in and solicits or canvasses opportunities (or intends to solicit or canvas opportunities) throughout
    but not limited to North America initially;
	 	 	 
	 	(b)	the
    reputation of the Employer in the industry and its relationships with its current and future customers is or will be deemed
    to be the result of hard work, diligence and perseverance on behalf of the Employer over an extended period of time;

 

    	 

     

    

 

	 	(c)	the
    nature of the business of the Employer is such that the on-going relationship between the Employer and its customers is material
    and has a significant effect on the ability of the Employer to continue to obtain business from its customers with respect
    to both long term and new contracts; and
	 	 	 
	 	(d)	in
    light of the foregoing, it is fair, reasonable and necessary for the protection of the value of the Employer and its affiliates
    that the Executive agrees to the restrictions in this Article V.

 

ARTICLE
VI 

TERMINATION
OF EMPLOYMENT

 

	6.01	Termination
    by the Employer for Just Cause. The Employer may terminate the Executive’s employment hereunder at any time
    for just cause without payment of any compensation either by way of anticipated earnings or damages of any kind, except for
    Annual Base Salary accrued and owing and subject to the requirements of Section 3.04, vacation pay accrued and owing up to
    the effective date of termination. In the event the Employer terminates the Executive’s employment under this Section
    6.01, the Executive shall have ninety (90) days after the effective date of termination to exercise any options he holds in
    the Employer and otherwise in accordance with the terms of any stock option agreement, grant letter or similar document evidencing
    such options, that vested but are unexercised on or before the effective date of termination. Any unvested options of the
    Employer held by the Executive on the effective date of termination shall immediately be cancelled on the effective date of
    termination and shall not be exercisable by the Executive thereafter. The Executive shall not be entitled to any compensation
    or damages whatsoever arising out of the cancellation of any options. For the purposes of this Agreement, “Just Cause”
    shall mean (a) a material breach by the Executive of the terms of this Agreement ; (b) a conviction of or plea of guilty or
    nolo contendere to any felony or any other crime involving dishonesty or moral turpitude, (c) the commission of any act of
    fraud or dishonesty, or theft of or intentional damage to the property of the Employer, (d) willful or intentional breach
    of the Executive’s fiduciary duties to the Employer, (e) the violation of a material policy of the Employer as in effect
    from time to time or (f) any act or conduct that would constitute cause at common law. Payments of any amounts under this
    Section shall be contingent upon the Executive executing a general release of all claims in favor of the Employer in a form
    acceptable to the Board, which release shall be provided to the Executive within five business days following the termination
    date and which must be executed by the Executive prior to receiving any payment under this Section.

 

    	 

     

    

 

	6.02	Termination
    by Executive for Good Reason. During the Employment Term, the Executive may terminate this Agreement for Good Reason
    by giving the Board thirty (30) days written notice of intent to terminate , which notice sets forth in reasonable detail
    the facts and circumstances claimed to provide a basis for such termination. “Good Reason” shall mean (i) a material
    breach of the terms of this Agreement by the Company, (ii) the Company requiring the Executive to move his primary place of
    employment more than fifty (50) miles from the then current place of employment which as of the date hereof is 275 Shoreline
    Drive, Suite 150 , Redwood City, California 94065, if such move materially increases his commute, or (iii) a material diminution
    of the Executive’s responsibilities, PROVIDED that any of the foregoing is not cured by the Company within twenty business
    (20) days following receipt of written notice by the Executive to the Company of the specific nature of the breach. No termination
    for Good Reason shall be permitted unless the Company shall have first received written notice from the Executive describing
    the basis of such termination for Good Reason as required by this Section. A termination for Good Reason pursuant to this
    Section shall be treated for purposes of this Agreement as a termination by the Company without Just Cause and the provisions
    of Section 6.03 relating to the payment of compensation and befits shall apply.
	 	 
	6.03	Termination
    bv the Employer Without Just Cause

 

(1)
If the Executive’s employment is terminated by the Employer for any reason other than for Just Cause, the Employer shall
provide the Executive with:

 

	 	(a)	a
    severance payment equal to twelve (12) months of the Executive’s then Annual Base Salary paid on a monthly basis, any
    accrued but unused vacation, subject to the requirements of Section 3.04, plus an any bonus awarded but not paid less any
    amounts owing by the Executive to the Employer;
	 	 	 
	 	(b)	such
    other benefits as required by applicable law.

 

(2)
If the Executive’s employment is terminated by the Employer pursuant to this Section 6.03, the Executive shall have o ninety
(90) days after the effective date of termination to exercise any options he holds in the Employer and otherwise in accordance
with the terms of any stock option agreement, grant letter or similar document evidencing such options, that vested but are unexercised
on or before the effective date of termination. Any unvested options granted to or held by the Executive on the effective date
of termination shall immediately be cancelled on the effective date of termination and shall not be exercisable by the Executive
thereafter. The Executive shall not be entitled to any compensation or damages whatsoever arising out of the cancellation of any
options.

 

    	 

     

    

 

	6.04	Voluntary
    Resignation. In the event the Executive voluntarily resigns his employment, the Executive shall (a) provide at least
    one (1) month prior written notice , (b) be entitled only to Annual Base Salary and subject to the requirements of Section
    3.04 vacation pay accrued and owing up to the effective date of resignation and (c) have ninety (90) days after the effective
    date of resignation to exercise any options he holds in the Employer and otherwise in accordance with the terms of any stock
    option agreement, grant letter or similar document evidencing such options, that vested but are unexercised on or before the
    effective date of resignation. Any unvested options of the Employer held by the Executive on the effective date of resignation
    shall immediately be cancelled on the effective date of resignation and shall not be exercisable by the Executive thereafter.
    The Executive shall not be entitled to any compensation or damages whatsoever arising out of the cancellation of any options.
	 	 
	6.05	Return
    of Property. Upon any cessation of the Executive’s employment under this Agreement for any reason , and as a
    condition of the Employer paying the Executive any termination payments or benefits required hereunder, the Executive shall
    at once deliver or caused to be delivered to the Employer all books, documents, effects, money, securities or other property
    belonging to the Employer or for which the Employer is liable to others, which are in the possession, charge, control or custody
    of the Executive.
	 	 
	6.06	Death
    or Disability.

 

(a)
The Executive’s employment hereunder shall terminate automatically on the Executive’s death during the Employment
Term, and the Employer may terminate the Executive’s employment on account of the Executive’s Disability.

 

(b)
If the Executive’s employment is terminated during the Employment Term on account of the Executive’s death or Disability,
the Executive (or the Executive’s estate and/or beneficiaries, as the case may be) shall be entitled to receive the following:
Annual Base Salary and, subject to the requirements of Section 3.04, vacation pay accrued and owing up to the effective date of
termination and

 

(c)
any options granted to the Executive must be exercised as set forth in the applicable option agreement between the Executive and
the Employer.

 

Notwithstanding
any other provision contained herein, all payments made in connection with the Executive’s Disability shall be provided
in a manner which is consistent with federal and state law.

 

    	 

     

    

 

For
purposes of this Agreement , “Disability” shall mean the Executive’s inability , due to physical or mental incapacity
, to perform the essential functions of the Executive’s job for ninety days (90) days out of any three hundred sixty-five
(365) day period or forty five (45) consecutive days. Any question as to the existence of the Executive’s Disability as
to which the Executive and the Employer cannot agree shall be determined in writing by a qualified independent physician mutually
acceptable to the Executive and the Employer. If the Executive and the Employer cannot agree as to a qualified independent physician,
each shall appoint such a physician and those two physicians shall select a third who shall make such determination in writing.
The determination of Disability made in writing to the Employer and the Executive shall be final and conclusive for all purposes
of this Agreement.

 

ARTICLE
VII

DIRECTORS AND OFFICERS

 

	7.01	Resignation.
    If the Executive is a director or officer at the date of cessation of the Executive’s employment, the Executive
    agrees that upon termination of, or resignation from, the Executive’s employment with the Employer (or upon receiving
    written notice from the Employer during the Executive’s employment directing the Executive to resign immediately as
    a director and/or officer), the Executive will tender the Executive’s resignation from any position the Executive may
    hold as an officer or director of the Employer or any of its subsidiaries, affiliated or associated companies.
	 	 
	7.02	Indemnity.
    Subject to the provisions of any applicable laws within or without the United States, including the Nevada Revised
    Statutes, the Employer agrees to indemnify and save the Executive harmless from and against all demands, claims, costs, charges
    and expenses, including any amount paid to settle an action or satisfy a judgment, reasonably incurred by the Executive in
    respect of any civil, criminal or administrative action or proceeding to which the Executive is made a party by reason of
    being or having been a director or officer of the Employer or of any affiliated Employer , whether before or after any termination
    if:

 

(a)
the Executive acted honestly and good faith with a view to the best interests of the Employer; and

 

(b)
in the case of a criminal or administrative action or proceeding that is enforced by a monetary penalty, the Executive had reasonable
grounds for believing that the Executive’s conduct was lawful.

 

	7.03	Insurance.
    During the Employment Term and for a period of six months thereafter, the Executive shall be covered by comprehensive
    directors’ and officers’ liability insurance, which shall be established and maintained by the Employer at its
    expense. The insurance policies to be maintained by the Employer hereunder may contain customary exclusions from coverage.

 

    	 

     

    

 

	7.04	Clawback
    Provisions. Notwithstanding any other provisions in this Agreement to the contrary, any incentive-based or other compensation
    paid to the Executive under this Agreement or any other agreement or arrangement with the Employer which is subject to recovery
    under any law, government regulation, or stock exchange listing requirement will be subject to such deductions and clawback
    as may be required to be made pursuant to such law, government regulation, or stock exchange listing requirement (or any policy
    adopted by the Employer (whether in existence as of the Effective Date or later adopted) pursuant to any such la w, government
    regulation or stock exchange listing requirement).

 

ARTICLE
VIII 

CONTRACT
PROVISIONS

 

	8.01	No
    Breach of Obligation to Others. The Executive acknowledges and represents to the Employer that in carrying out the
    Executive’s duties and functions for the Employer, the Executive will not disclose to the Employer any confidential
    information of any third party. The Executive acknowledges and represents to the Employer that the Executive has not brought
    to the Employer nor will the Executive use in the performance of the Executive’s duties and functions with the Employer
    any confidential materials or property of any third party. The Executive further acknowledges and represents that the Executive
    is not a party to any agreement with or under any legal obligation to any third party that conflicts with any of the Executive’s
    obligations to the Employer under this Agreement.
	 	 
	8.02	Withholding
    Taxes. The Employer may directly or indirectly withhold from any payments to be made under this Agreement all federal,
    state, city or other taxes and all other deductions as shall be required pursuant to any law or governmental regulation or
    ruling or pursuant to any contributory benefit plan maintained by the Employer.
	 	 
	8.03	Headings.
    The headings of the Articles and paragraphs herein are inserted for convenience of reference only and shall not affect
    the meaning or construction hereof.
	 	 
	8.04	Independent
    Advice. The Executive confirms that he has had a reasonable opportunity to obtain independent legal advice regarding
    this Agreement and that the Executive is signing this Agreement freely and voluntarily with full understanding of its contents.
	 	 
	8.05	Governing
    Law. This Agreement shall be governed and construed in accordance with the laws of the State of Nevada, without regards
    for the conflict of laws provisions thereof. Each of the parties hereto agrees that any action or proceeding related to this
    Agreement must be brought in any court of competent jurisdiction in the State of Nevada, and for that purpose hereby submits
    to the jurisdiction of such courts.

 

    	 

     

    

 

	8.06	Entire
    Agreement. This Agreement, together with the documents referred to herein, constitutes and expresses the whole agreement
    of the parties hereto with reference to any of the matters or things herein provided for or herein before discussed or mentioned
    with reference to the Executive’s employment, and it cancels and replaces any and all prior understandings and agreements
    between the Executive and the Employer. All promises, representations, collateral agreements and understandings not expressly
    incorporated in this Agreement are hereby superseded by the within Agreement.
	 	 
	8.07	Pre-Contractual
    Representations. The Executive hereby waives any right to assert any claim based on any pre-contractual representations,
    negligent or otherwise, made by the Employer.
	 	 
	8.08	Severability.
    If any provision of this Agreement is determined to be invalid or unenforceable in whole or in part, such invalidity
    or unenforceability shall attach only to such provision or part thereof and the remaining part of such provision and all other
    provisions hereof shall continue in full force and effect. Notwithstanding anything to the contrary herein, if any applicable
    law or governmental entity shall reduce the time period or scope during which the Executive shall be prohibited from engaging
    in any competitive or soliciting activity described in this Agreement, the period of time or scope, as the case may be, for
    which the Executive shall be prohibited shall be reduced to the maximum time or scope permitted by la w.
	8.09	Notice.
    Any notice required or permitted to be given under this Agreement shall be in writing and shall be properly given
    if personally delivered , delivered by email or mailed by prepaid registered mail addressed as follows:

 

	 	(a)	in
    the case of the Employer: 

 

BiotricityInc.

275
Shoreline Drive, Suite 150

Redwood
City, California

94065
Attention: Board of

Director’s
email: ___________

 

	 	(b)	in
    the case of the Executive:

 

Waqaas
Al-Siddiq

_____________

_____________

email:
___________

 

    	 

     

    

 

or
to the last address of the Executive in the records of the Employer , or to such other address as the parties may from time to
time specify by notice given in accordance herewith. Any notice so given shall be conclusively deemed to have been given or made
on the day of delivery, if personally delivered, or if delivered by email transmission or mailed as aforesaid, upon the date shown
on the facsimile confirmation of receipt or on the postal return receipt as the date upon which the envelope containing such notice
was actually received by the addressee.

 

	8.10	Amendments
    and Waiver. No modification of or amendment to this Agreement shall be valid or binding unless set forth in writing
    and duly executed by both of the parties hereto and no waiver of any breach of any term or provision of this Agreement shall
    be effective or binding unless made in writing and signed by the party purporting to give the same and, unless otherwise provided,
    shall be limited to the specific breach waived.
	 	 
	8.11	Successors.
    This Agreement shall be personal as to the Executive and shall not be assignable by the Executive subject to the terms
    herein. This Agreement shall inure to the benefit of and be binding upon the heirs, executors, administrators and legal personal
    representatives of the Executive and the successors and assigns of the Employer . The Employer may assign this Agreement,
    in its sole discretion , to any corporate affiliate or Subsidiary of the Employer.
	 	 
	8.12	Taxes
    and Deductions. All payments under this Agreement shall be subject to withholding of such amounts, if any, relating
    to tax or other payroll deductions as the Employer may reasonably determine should be withheld pursuant to any applicable
    law or regulation.
	 	 
	8.13	Currency.
    All dollar amounts set forth or referred to in this Agreement refer to U.S. currency.
	 	 
	8.14	Counterparts.
    This Agreement may be executed in counterparts, each of which shall be deemed to be an original but all of which together
    shall constitute one and the same instrument.
	 	 
	8.15	Copy
    of Agreement. The Executive hereby acknowledges receipt of a copy of this Agreement duly executed by the Employer.
	 	 
	8.16	Equitable
    Remedies. The Executive hereby agrees and acknowledges that it would be extremely difficult to measure the damages
    that might result from any breach of any of the covenants of the Executive contained herein and that any breach of any of
    the covenants of the Executive might result in irreparable injury to the business for which monetary damages could not adequately
    compensate. If a breach of any of the covenants of the Executive occurs, the Employer shall be entitled, in addition to any
    other rights or remedies the Employer may have at law or in equity, to have an injunction issued by any competent court (without
    the need to post a bond) enjoining and restricting the Executive and all other parties involved therein from continuing such
    breach.

 

    	 

     

    

 

	8.17	Section
    409A. This Agreement is intended to comply with or be exempt from Section 409A of the Code and will be interpreted,
    administered and operated in a manner consistent with that intent. Notwithstanding anything herein to the contrary, if at
    the time of the Executive’s separation from service with the Employer he is a “specified employee” as defined
    in Section 409A of the Code (and the regulations thereunder) and any payments or benefits otherwise payable hereunder as a
    result of such separation from service are subject to Section 409A of the Code, then the Employer will defer the commencement
    of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid
    or provided to the Executive) until the date that is six months following the Executive’ s separation from service with
    the Employer (or the earliest date as is permitted under Section 409A of the Code), and the Employer will pay any such delayed
    amounts in a lump sum at such time. If any other payments of money or other benefits due to the Executive hereunder could
    cause the application of an accelerated or additional tax under Section 409A of the Code, such payments or other benefits
    shall be deferred if deferral will make such payment or other benefits compliant under Section 409A of the Code, or otherwise
    such payment or other benefits shall be restructured, to the extent possible, in a manner , determined by the Employer, that
    does not cause such an accelerated or additional tax. To the extent any reimbursements or in-kind benefits due to the Executive
    under this Agreement constitute “deferred compensation” under Section 409A of the Code, any such reimbursements
    or in-kind benefits shall be paid to the Executive in a manner consistent with Treas. Reg. Section l.409A-3(i)(l)(iv). Each
    payment made under this Agreement shall be designated as a “separate payment” within the meaning of Section 409A
    of the Code. References to “termination of employment” and similar terms used in this Agreement are intended to
    refer to “separation from service” within the meaning of Section 409A of the Code to the extent necessary to comply
    with Section 409A of the Code. Whenever a payment under this Agreement may be paid within a specified period, the actual date
    of payment within the specified period shall be within the sole discretion of the Employer. In no event may the Executive,
    directly or indirectly, designate the calendar year of any payment to be made under this Agreement. Any provision in this
    Agreement providing for any right of offset or set-off by the Employer shall not permit any offset or set-off against payments
    of “non-qualified deferred compensation” for purposes of Section 409A of the Code or other amounts or payments
    to the extent that such offset or set-off would result in any violation of Section 409A or adverse tax consequences to the
    Executive under Section 409A.

 

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IN
WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.

 

	 	EMPLOYER:
    BIOTRICITY INC.
	 	 
	 	By:	 
	 	Name:	Dave
    Rosa
	 	Title:	                            

 

	 	EXECUTIVE:
	 	 
	 	 
	 	Waqaas
    Al-Siddiq                  

 

    	 

     

    

 

Schedule
3.06

Expenses
For Which the Executive is Seeking Reimbursement

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