Document:

Exhibit
10.1

 

EMPLOYMENT
AGREEMENT

 

This
EMPLOYMENT AGREEMENT (this “Agreement”) is made as of September 1 2020, by and between Healthcare
Integrated Technologies Inc, a Nevada corporation (the “Company”), and Susan Anette (Suzette) Reyes
M.D. (“Executive”).

 

WHEREAS,
the parties hereto wish to enter into an employment agreement to employ Executive upon the terms and conditions herein.

 

NOW,
THEREFORE, in consideration of the mutual covenants and representations contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

 

1.
Employment Period. The Company hereby employs Executive, and Executive agrees to serve the Company under the terms of this
Agreement, for a term of three (3) years (the “Initial Term”). On the three (3) year anniversary of
the Commencement Date and each successive one-year anniversary thereafter, the term of this Agreement shall automatically be extended
for an additional period of one (1) year; provided, however, that either party hereto may elect not to extend
this Agreement by giving written notice to the other party at least sixty (60) days prior to any such anniversary date. The Initial
Term and any renewal periods thereafter, until the termination of Executive’s employment hereunder, shall be the “Employment
Period.”

 

2.
Duties and Status. The Company hereby engages Executive as Chief Medical Officer of the Company on the terms and conditions
set forth in this Agreement. During the Employment Period, Executive shall report directly to the Board of Directors of the Company
(the “Board”), and exercise such authority, perform such executive duties and functions and discharge
such executive responsibilities as are reasonably associated with Executive’s position, consistent with the responsibilities
assigned to officers of companies comparable to the Company, commensurate with the authority vested in Executive pursuant to this
Agreement and consistent with the Articles of Incorporation and By-laws of the Company. Without limiting the generality of the
foregoing, Executive shall undertake her duties in a manner consistent with the best interests of the Company and shall perform
her duties to the best of her ability and in a diligent and proper manner. Executive shall perform all duties, services and responsibilities
in accordance with the guidelines, policies and procedures established by the Board from time to time. Executive further agrees
to devote her time, attention, full skill and best efforts to the interests and business of the Company. Notwithstanding the foregoing,
nothing in this Agreement shall restrict the Executive from devoting time to serve on corporate (subject to Board approval), passive
personal investments, private business affairs such as ST Medical Services, LLC, educational and charitable interests, provided
that none of such activities, individually or in the aggregate, interferes with the performance of her duties and responsibilities
hereunder or conflicts or competes with the interests of the Company.

 

3.
Compensation; Benefits and Expenses.

 

(a)
Salary. The Company shall pay to Executive, as compensation for the performance of his duties and obligations under this
Agreement, a base salary at the rate of $52,000 per annum during the Employment Period, payable in arrears in accordance with
the normal payroll practices of the Company for its executive officers. Executive’s base salary shall be subject to review
each calendar year by the Board in its sole discretion, provided that in no event may the base salary be reduced from the level
previously in effect. The Executive agrees to accrue base salary until the company achieves funding level of capital raised of
at least One Million Dollars or has achieved revenue of at least Ten Million dollars.

 

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(b)
Discretionary Bonus. The Executive may be awarded a bonus from time to time and in such amounts as may be determined by
the Board of Directors of the Company in their sole discretion.

 

(c) Equity/Long-Term
Incentives. In addition to base salary, annual incentive awards and other compensation provided hereunder, Executive
shall be entitled to the following long-term incentive awards:

 

(i) Stock
Options. The Executive shall be granted by the Company a stock option to purchase 1,000,000 shares of the Company’s
common stock at an exercise price equal to $.40 per share 0% above the closing price of common stock as reported on the OTC
Markets on the date immediately preceding the date of this Agreement. The option shall be a non-qualified option and shall
become vested 150,000 shares immediately upon execution of this agreement and the balance in equal annual installments over a
period of three (3) years from the grant date, or immediately with respect to all shares underlying the option in the event
of a Change in Control (as defined in Section 5(c) hereof). The stated expiration date of the option shall be the fifth
anniversary of the date of grant, subject to earlier termination of the option at the date three (3) years after a
termination due to death, Disability, or by the Company not for Cause (as defined below), or at the date six (6) months after
any other termination of Executive’s employment;

 

(ii)
Long-Term Incentives. The Board or Committee may grant to Executive other long-term incentive awards, in the form of equity
awards or cash incentives or otherwise, from time to time and in the discretion of the Board or Committee.

 

(d)
Vacation and Sick Leave. Executive shall be entitled to vacation time for each calendar year and such paid sick leave as
is in accordance with the normal Company policies and practices in effect from time to time for senior executives but in no event
less than four (4) weeks’ vacation; provided, however, that unless otherwise approved in writing by
the Board, no more than two (2) weeks of such vacation time may be used consecutively, and provided, further,
that any accrued but unused vacation time and paid sick leave remaining at the end of each calendar year shall be forfeited unless
otherwise agreed to in writing by the Company and Executive.

 

(e)
Other Benefits. During the Employment Period, Executive shall be entitled to participate in the employee benefit plans,
programs and arrangements of the Company in effect during the Employment Period which are generally available to senior executives
of the Company (including, without limitation, 401(k) and group medical insurance plans, subject to and on a basis consistent
with the terms, conditions and overall administration of such plans, programs and arrangements.

 

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(f) Expenses.
In addition to any amounts payable to Executive pursuant to this Section 3, the Company shall reimburse Executive, upon
production of accounts and vouchers or other reasonable evidence of payment by Executive, all in accordance with the
Company’s regular procedures in effect from time to time, all reasonable and ordinary expenses as shall have been
incurred by him in the performance of his duties hereunder or other expenses agreed upon in writing by the Company and
Executive.

 

4.
Termination of Employment.

 

(a) Termination
for Cause; Termination by the Executive. The Company may terminate Executive’s employment hereunder at any time for
Cause. For purposes of this Agreement, “Cause” shall mean:

 

(i)
Executive’s commission of (A) any violation of law, (B) any breach of fiduciary duty or act of negligence or
malfeasance, (C) any act of dishonesty, fraud or misrepresentation, or (D) any determination that the Executive is subject to
any “Bad Actor” disqualifications described in Rule 506(d)(1)(i) to (viii) under the Securities Act (a
“Disqualifying Event”), except for a Disqualifying Event covered by Rule 506(d)(2) or
(d)(3);

 

(ii)
Executive’s commission of any other act of moral turpitude injurious to the Company, which the Board in its sole discretion
determines has or may be reasonably expected to have a detrimental impact on the Company’s business or operations or would
prevent Executive from effectively performing his duties under this Agreement;

 

(iii)
a breach by Executive of any obligations or covenants contained in this Agreement as determined by the Board in its sole discretion;
and

 

(iv)
a failure by Executive to discharge his duties, responsibilities and obligations under this Agreement, or a failure to follow
the directives of the Board, as determined by the Board in its sole discretion.

 

(b)
Termination Upon Death or Disability. The Employment Period shall be terminated upon the death or Disability (as defined
below) of Executive. “Disability” shall mean that as a result of physical or mental illness, injury,
infirmity or other incapacity as determined by a physician selected by the Board, Executive is not able to substantially perform
his duties and responsibilities to the Company for a period of one hundred twenty (120) consecutive days or an aggregate period
of more than one hundred and eighty (180) days in any 12-month period.

 

(c)
Termination by the Executive. The Executive may terminate this Agreement for any reason upon sixty (60) days prior written
notice to the Company.

 

5.
Consequences of Termination.

 

(a)
For Cause, Death, Disability or Non-Renewal; By Executive. In the event of termination of Executive’s employment
at any time during the Employment Period (i) by the Company for Cause, (ii) by Executive for any reason, (iii) by either party
as a result of a non-renewal in accordance with Section 1 hereof, or (iv) as a result of death or Disability, Executive shall
be entitled only to receive base salary accrued but not paid through the date of termination and, in the case of termination due
to death or Disability, a pro rata payment of the annual incentive earned for the year of termination, as specified in Section
5(e), and the Company shall have no further obligations to Executive.

 

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(b)
Other Termination. In the event of a termination of Executive’s employment for any reason other than as set forth
in Sections 5(a) or 5(c) hereof:

 

(i)
The Company shall provide to Executive base salary accrued but not paid through the date of termination plus, as severance,
base salary for one (1) year, payable over time in accordance with the Company’s normal payroll practices, provided that,
in the event such termination occurs after the end of the Initial Term, Executive shall be entitled only to receive base salary
accrued but not paid through the date of termination; and

 

(ii)
The Company shall pay to Executive a pro rata payment of the annual incentive earned for the year of termination, as specified
in Section 5(e); and

 

(iii)
The provisions of Section 5(b)(i) notwithstanding, if the aggregate value of those installment payments of severance under Section
5(b)(i) that do not constitute “short-term deferrals” under Treasury Regulation § 1.409A-1(b)(4) exceeds
the maximum amount that would be excluded from being a deferral of compensation by operation of the “two-year/two-times”
exclusion under Treasury Regulation § 1.409A-1(b)(9)(iii), such excess amount shall be payable in installments during the
applicable short-term deferral period following Executive’s termination of employment.

 

(c)
Change in Control. If at any time during the Employment Period, Executive’s employment with the Company is terminated
by the Company not for Cause within two (2) years after the Change in Control (as hereinafter defined) or in the ninety (90) days
prior to the Change in Control upon the request of the acquiror, the Company shall pay to Executive an amount equal to 2.99 multiplied
by Executive’s annualized salary that Executive is then earning, payable in a lump-sum payment at the applicable time
specified in Section 5(d) but not earlier than the closing of the Change in Control. For purposes hereof, a “Change
in Control” means the acquisition by any Person (as defined below) of beneficial ownership of securities of the
Company representing greater than 50% of the combined voting power of the Company’s then outstanding voting securities.
Person means any individual or entity (or group(s) thereof acting together), which such individual or entity (or group thereof)
is not a beneficial owner of any of the Company’s securities as of the date of this Agreement. In addition, in the case
of such a termination the Company shall pay to Executive the annual incentive earned for the year of termination (without pro
ration), as specified in Section 5(e).

 

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(d)
Obligation to Execute Release. The Company’s obligation to make the payments provided for in Section 5(b) or 5(c)
(the “Termination Payments”) shall be subject to Executive’s execution of a release in favor of
the Company, in form and substance acceptable to the Company, which release is not revoked by Executive by the end of any applicable
revocation period and is thereafter non-revocable. The Company will supply to Executive a form of the release (which shall include
the Executive’s obligations under Section 7) not later than the date of Employee’s termination, which must be returned
within the time period required by law and must not be revoked by Employee within the applicable time period (if any) such that
the release becomes legally effective. If no time period for execution or revocation applies under applicable law, the release
must be executed and returned to the Company within fifteen (15) days. If any amount payable during a fixed period following Executive’s
termination is subject to the requirement or condition that Executive has executed and not revoked such release (including any
case in which such fixed period would begin in one year and end in the next), the Company, in determining the time of payment
of any such amount, will not be influenced by Executive or the timing of any action of Executive, including Executive’s
execution of such a release and expiration of any revocation period. In particular, the Company retains discretion to deposit
any payment hereunder in escrow at any time during such fixed period, so that such deposited amount is constructively received
and taxable income to Executive upon deposit (it may be constructively received even in the absence of such deposit) but with
distribution from such escrow remaining subject to Executive’s execution and non-revocation of such release.

 

(e)
Annual Incentive Payable In Connection with Termination. If upon termination of employment Executive becomes entitled to
be paid the annual incentive (or a pro rata portion thereof) for the year of termination under Section 5(a), 5(b) or 5(c), the
following terms shall apply:

 

(i)
The annual incentive will be based on the actual performance achieved in the full fiscal year in which the termination
occurred, without any exercise of negative discretion by the Board or Committee; 

 

(ii)
The pro rata portion (if applicable) shall be determined by dividing the number of days from the beginning of the fiscal year
to the date of Executive’s termination of employment by 365;

 

(iii)
The annual incentive shall be payable not later than the time the annual incentive would have been paid in the absence of termination
of employment.

 

(f)
Withholding of Taxes. All payments required to be made by the Company to Executive under this Agreement shall be
subject to the withholding of such amounts, if any, relating to tax, excise tax and other payroll deductions as the Company may
reasonably determine it should withhold pursuant to any applicable law or regulation.

 

(g)
No Other Obligations. Except for the obligations of the Company provided by this Agreement, under any employee benefit
plan of the Company in which Executive participates and by operation of applicable law, the Company shall have no further obligations
to Executive upon his termination of employment.

 

6.
Indemnity. The Company shall, during Executive’s employment with the Company and thereafter, indemnify Executive
to the fullest extent permitted by law and by its Articles of Incorporation and By-laws and shall assure that Executive is covered
by the Company’s D&O insurance policies, if available, and any other insurance policies that protect employees as in
effect from time to time. Such insurance policies shall be with providers, and provide for coverage in amounts, customary and
reasonable within the industry in which the Company operates.

 

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7.
Restrictive Covenants.

 

(a)
Proprietary Information.

 

(i)
Executive agrees that all information and know-how, whether or not in writing, of a private, secret or confidential nature concerning
the business or financial affairs of the Company or any Affiliates (as defined in Section 7(f) below) is and shall be the exclusive
property of the Company or any Affiliates. Such information and know-how shall include, but not be limited to, inventions, products,
processes, methods, techniques, formulas, compositions, compounds, projects, developments, plans, research data, clinical data,
financial data, personnel data, computer programs, customer and supplier lists, client lists, business plans, operational methods,
pricing policies, marketing plans, sales plans, identity of suppliers or vendors, trading positions, sales, profits or other financial
or business information, in each case of or relating to the business of the Company or any Affiliates (collectively, “Proprietary
Information”). Except in connection with, and on a basis consistent with, the performance of his duties hereunder,
Executive shall not disclose any Proprietary Information to others outside the Company or any Affiliates or use the same for any
unauthorized purposes without written approval by the Board, either during or at any time after the Employment Period.

 

(ii)
Executive agrees that all files, letters, memoranda, reports, records, data, sketches, drawings, laboratory notebooks, program
listings, customer lists, customer solicitations or other written, photographic, or other tangible material containing Proprietary
Information, whether created by Executive or others, which shall come into his custody or possession, shall be and are the exclusive
property of the Company or any Affiliates to be used by Executive only in the performance of his duties for the Company. Executive
agrees to deliver to the Company upon the expiration of the Employment Period all such material containing Proprietary Information.

 

(iii)
Executive agrees that his obligation not to disclose or use information, know-how and records of the types set forth in paragraphs
(i) and (ii) above, also extends to such types of information, know-how, records and tangible property of customers of the Company
or any Affiliates or suppliers to the Company or any Affiliates or other third parties who may have disclosed or entrusted the
same to the Company or any Affiliates or to Executive in the course of the Company’s business.

 

(iv)
Notwithstanding the foregoing, Proprietary Information shall not include information which (A) is or becomes generally
available or known to the public, other than as a result of any disclosure by Executive in violation hereof; or (B) is or becomes
available to Executive on a non-confidential basis from any source other than the Company, other than any such source that is
prohibited by a legal, contractual, or fiduciary obligation to the Company from disclosing such information.

 

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(v)
In the event that Executive is requested pursuant to, or becomes compelled by, any applicable law, regulation, or legal process
to disclose any Proprietary Information, Executive shall provide the Company with prompt written notice thereof so that the Company
may seek a protective order or other appropriate remedy or, in the Company’s sole and absolute discretion, waive compliance
with the terms hereof. In the event that no such protective order or other remedy is obtained, or the Company waives compliance
with the terms hereof, Executive shall furnish only that portion of such Proprietary Information which Executive is advised by
counsel in writing is legally required. Executive will cooperate with the Company, at the Company’s sole cost and expense,
in its efforts to obtain reliable assurance that confidential treatment will be accorded such Proprietary Information.

 

(b)
Developments.

 

(i)
Executive shall make full and prompt disclosure to the Company of all inventions, improvements, discoveries, methods,
developments, software, and works of authorship, whether patentable or not, which are created, made, conceived or reduced to
practice by Executive or under his direction or jointly with others during the Employment Period, whether or not during
normal working hours or on the premises of the Company or any Affiliates (collectively,
“Developments”).

 

(ii)
Executive agrees to assign and does hereby assign to the Company (or any entity designated by the Company) all of his right, title
and interest in and to all Developments and all related patents, patent applications, copyrights, copyright applications, trademark
and trademark applications and other intellectual property of any kind or nature. Executive also hereby waives all claims to moral
rights in any Developments.

 

(iii)
Executive agrees to cooperate fully with the Company or any Affiliates, both during and after the Employment Period, with respect
to the procurement, maintenance and enforcement of copyrights and patents (both in the United States and foreign countries) relating
to Developments. Executive shall sign all papers, including, without limitation, copyright applications, patent applications,
declarations, oaths, formal assignments, assignment of priority rights, and powers of attorney, which the Company or any Affiliates
may deem necessary or desirable in order to protect their rights and interests in any Development.

 

(c)
Other Agreements. Executive represents that his performance of all the terms of this Agreement and as an employee of the
Company does not and will not breach any agreement (i) to keep in confidence proprietary information, knowledge or data acquired
by him in confidence or in trust prior to his employment with the Company, (ii) to refrain from competing, directly or indirectly,
with the business of his previous employer or any other party, and (iii) to refrain from soliciting the employment of any employees
of any previous employer or any other party.

 

(d)
Non-Competition and Non-Solicitation. Intentionally left blank

 

(e)
Enforcement. Intentionally left blank

 

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(f) Affiliates.
For purposes of this Agreement, Affiliates shall mean any individuals or entities that directly or indirectly, through one or
more intermediaries, controls, are controlled by or are under common control with the Company. For purposes of this
definition, “control” means the power to direct the management and policies of another, whether through the
ownership of voting securities, by contract or otherwise.

 

8.
Provisions Relating to Possible Excise Tax

 

(a)
Cut-Back to Maximize Retained After-Tax Amounts. The Company will reduce any payment relating to a Change in Control (with
a “payment” including, without limitation, the vesting of an option or other non-cash benefit or property)
pursuant to any plan, agreement or arrangement of the Company (together, “Severance Payments”) to the
Reduced Amount (as defined below) if but only if reducing the Severance Payment would provide to Executive a greater net after-tax
amount of Severance Payments than would be the case if no such reduction took place. The “Reduced Amount”
shall be an amount expressed in present value which maximizes the aggregate present value of the Severance Payments without causing
any Severance Payment to be subject to the excise tax under Section 4999 (and related Section 280G) of the Code, determined in
accordance with Section 280G(d)(4) of the Code. Any reduction in Severance Payments shall be implemented in accordance with Section
8(b).

 

(b)
Implementation Rules. Any reduction in payments under Section 8(a) shall apply to cash payments and/or vesting of
equity awards so as to minimize the amount of compensation that is reduced (i.e., it applies to payments or vesting that to the
greatest extent represent parachute payments), with the amount of compensation based on vesting to be measured (to be minimally
reduced, for purposes of this provision) by the intrinsic value of the equity award at the date of such vesting. Executive will
be advised of the determination as to which compensation will be reduced and the reasons therefor, and Executive and his advisors
will be entitled to present information that may be relevant to this determination. No reduction shall be applied to an amount
that constitutes a deferral of compensation under Code Section 409A except for amounts that have become payable at the time of
the reduction and as to which the reduction will not result in a non-reduction in a corresponding amount that is a deferral of
compensation under Code Section 409A that is not currently payable. For purposes of determining whether any of the Severance Payments
will be subject to the Excise Tax and the amount of such Excise Tax:

 

(i)
The Severance Payments shall be treated as “parachute payments” within the meaning of Section 280G(b)(2) of
the Code, and all “excess parachute payments” within the meaning of Section 280G(b)(1) of the Code shall be treated
as subject to the Excise Tax, unless, and except to the extent that, in the written opinion of independent compensation consultants,
counsel or auditors of nationally recognized standing (“Independent Advisors”) selected by the Company
and reasonably acceptable to a majority of the employees who have Change in Control Agreements, the Severance Payments (in whole
or in part) do not constitute parachute payments, or such excess parachute payments (in whole or in part) represent reasonable
compensation for services actually rendered within the meaning of Section 280G(b)(4) of the Code in excess of the base amount
within the meaning of Section 280G(b)(3) of the Code or are otherwise not subject to the Excise Tax.

 

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(ii)
The value of any non-cash benefits or any deferred payment or benefit shall be determined by the Independent Advisors in accordance
with the principles of Sections 280G(d)(3) and (4) of the Code.

 

For
purposes of determining reductions in compensation under Section 8(b), if any, Executive will be deemed (A) to pay federal income
taxes at the applicable rates of federal income taxation for the calendar year in which the compensation would be payable; and
(B) to pay any applicable state and local income taxes at the applicable rates of taxation for the calendar year in which the
compensation would be payable, taking into account any effect on federal income taxes from payment of state and local income taxes.
Compensation will be adjusted not later than the applicable deadline under Code Section 409A to provide for accurate payments
under the cut-back provision of Section 8(b), but after any such deadline no further adjustment will be made if it would result
in a tax penalty under Section 409A.

 

(c)
Internal Revenue Service Proceedings. The Company shall have the right to control all proceedings with the Internal Revenue
Service (or relating thereto) that may arise in connection with the determination and assessment of any Excise Tax and, at its
sole option, the Company may pursue or forego any and all administrative appeals, proceedings, hearings, and conferences with
any taxing authority in respect of such Excise Tax (including any interest or penalties thereon); provided, however,
that the Company’s control over any such proceedings shall be limited to issues with respect to which compensation may be
reduced hereunder, and Executive will be entitled to settle or contest any other issue raised by the Internal Revenue Service
or any other taxing authority. Executive agrees to cooperate with the Company in any proceedings relating to the determination
and assessment of any Excise Tax.

 

9.
Section 409A Compliance Rules.

 

(a)
In General. This Section 9 serves to ensure compliance with applicable requirements of Section 409A. Certain provisions
of this Section 9 modify other provisions of this Agreement. If the terms of this Section 9 conflict with other terms of the Agreement,
the terms of this Section 9 shall control.

 

(b)
Timing of Certain Payments. Unless an amount is payable under a plan, program or arrangement on explicit terms providing
for a delay in payment after Termination, which terms comply with Section 409A, amounts earned or accrued as of the Date of Termination
shall be payable at the date the amounts otherwise would have been payable under the respective plans, programs and arrangements
but in no event more than sixty (60) days after Executive’s Termination. Any payment or benefit required under this Agreement
to be paid in a lump sum or otherwise to be paid promptly at or following a date or event shall be paid no later than fifteen
(15) days after the due date, subject to Section 9(d) below. In the case of any payment under the Agreement payable during a specified
period of time following a Termination or other event, if such permitted payment period begins in one calendar year and ends in
a subsequent calendar year, Executive shall have no right to elect in which year the payment will be made, and the Company’s
determination of when to make the payment shall not be influenced in any way by Executive.

 

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(c)
Separate Payments. Each installment payment payable under Section 5(b)(i), and each portion of an installment payment that
would be payable under Section 5(b)(iii) (together, the “Separate 5(b) Payments”), and the payment payable
under Section 5(c) in excess of the payments under Section 5(b) (the “Separate 5(c) Payment”) (or in
each the present value thereof, if such present valuing is required to comply with Section 409A) shall be deemed a separate payment
for all purposes, including for purposes of Section 409A. Each other amount payable under this Agreement shall be deemed a separate
payment for all purposes, including for purposes of Section 409A.

 

(d)
Special Rules for Severance Payments. In the case of severance payments payable under Section 5(b)(i) and 5(c) (the “Severance
Payments”):

 

(i)
In the case of Separate 5(b) Payments, those payments that do not qualify as short term deferrals under Treasury Regulation
§ 1.409A-1(b)(4) shall be exempted, to the maximum extent of the “two-year/two-times” exclusion under
Treasury Regulation § 1.409A-1(b)(9)(iii), first as to those such Separate 5(b) Payments payable within six (6) months
of Termination and then as to the latest of those such Separate 5(b) Payments payable in reverse order of payment. 

 

(ii)
If either (A) the Change in Control does not involve a transaction that constitutes a change in the ownership of the Company,
a change in effective control of the Company, or a change in the ownership of a substantial portion of the assets of the Company
as defined in Treasury Regulation § 1.409A-3(i)(5) (a “409A Change in Control”), or (B) Executive’s
Termination triggering payments hereunder did not occur within the two-year period following a 409A Change in Control, any portion
of the Severance Payments that constitute a deferral of compensation under Code Section 409A and which correspond to the Separate
5(b) Payments shall be payable at the time specified for such payments under Section 5(b) rather than under Section 5(c), subject
to subsection (iii) below.

 

(iii)
As to any payment under this Agreement (including any portion of the Severance Payments) that constitutes a deferral of compensation
under Code Section 409A, the term Termination shall mean a “separation from service” as defined in Treasury Regulation
§ 1.409A-1(h). If any of such payments is payable within six (6) months after Executive’s Termination and, at the time
of Termination, Executive was a “specified employee” as defined in Treasury Regulation § 1.409A-1(i), such payment
shall instead be paid at the date that is six (6) months after Executive’s Termination (or earlier at the date fifteen (15)
days after the death of Executive).

 

(e)
Other Provisions.

 

(i) Non-transferability.
No right to any payment or benefit under this Agreement shall be subject to anticipation, alienation, sale, transfer,
assignment, pledge, encumbrance, attachment, or garnishment by Executive’s creditors or of any of Executive’s
beneficiaries.

 

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(ii)
No Acceleration. The timing of payments and benefits under the Agreement may not be accelerated to occur before the time
specified for payment hereunder, except to the extent permitted under Treasury Regulation § 1.409A-3(j)(4) or as otherwise
permitted under Section 409A without Executive incurring a tax penalty.

 

(iii)
Intention to Comply with Code Section 409A; Modifications. To the fullest extent possible, payments and benefits provided
under this Agreement are intended to be exempt or excluded from the definition of “deferred compensation” under Section
409A in accordance with one or more exemptions or exclusions available under Section 409A. If and to the extent that any such
payment or benefit is, or becomes subject to, Section 409A due to a failure to qualify for such an exemption or exclusion, this
Agreement is intended to comply with the applicable requirements of Section 409A with respect to such payment or benefit so as
to avoid the imposition of any taxes and/or penalties due to a violation of Section 409A. To the extent possible, this Agreement
shall be interpreted and administered in a manner consistent with the foregoing statement of intent. This Agreement may be modified
in order to comply with Section 409A or exemptions or exclusions under Section 409A; any such modification shall be made in good
faith and to the extent reasonably practical shall maintain the economic and other benefits provided to Executive and the Company
under this Agreement without failing to comply with Section 409A.

 

(iv) Company
Not Liable for Non-Compliance with Section 409A. In no event whatsoever (including without limitation as a result of this
Section 9) shall the Company be liable for any taxes, penalties or interest that may be imposed on Executive pursuant to Code
Section 409A or under any similar provision of state tax law, including by not limited to damages for failing to comply with
Section 409A and/or any similar provision of state tax law. 

 

10.
Notices. Any notice or other communication required or permitted to be given to any party hereunder shall be in writing
and shall be given to such party at such party’s address set forth below or such other address as such party may hereafter
specify by notice in writing to the other party. Any such notice or other communication shall be addressed as aforesaid and given
by (a) certified mail, return receipt requested, with first class postage prepaid, (b) hand delivery, or (c) reputable overnight
courier. Any notice or other communication will be deemed to have been duly given (i) on the fifth day after mailing, provided
receipt of delivery is confirmed, if mailed by certified mail, return receipt requested, with first class postage prepaid, (ii)
on the date of service if served personally or (iii) on the business day after delivery to an overnight courier service, provided
receipt of delivery has been confirmed:

 

	If
    to the Company, to:	1462
    Rudder Lane 
	 	Knoxville,
    TN 37919 
	 	 
	With
    a copy to:	Steve
    Mills Attorney at law
	 	315
    Deadrick Street Suite 1550
	 	Nashville,
    TN 37203
	 	Attention:
    Steve Mills, Esq.
	 	Email:
    stevenmillslaw@gmail.com
	 	 
	If
    to Executive, as follows:	Susan
    Reyes, M.D.
	 	6908
    Hospitality Circle
	 	Knoxville,
    TN 37909
	 	(865)
    599-0300

  

    	 	11	 

     

    

 

11.
Non-Assignment; Successors. Neither party hereto may assign his or its rights or delegate his or its duties under this
Agreement without the prior written consent of the other party, provided that, the Company may assign its rights hereunder to
any affiliate or successor entity. This Agreement shall inure to the benefit of and be binding upon the heirs, assigns or designees
of the parties hereto. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation
or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform
this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession
had taken place. As used in this Agreement, “Company” shall mean the Company as hereinbefore defined
and any such successor to its business and/or assets which assumes and agrees to perform this Agreement by operation of law, or
otherwise.

 

12.
Entire Agreement. This Agreement constitutes the entire agreement by the Company and Executive with respect to the subject
matter hereof and supersedes any and all prior agreements or understandings between Executive and the Company with respect to
the subject matter hereof, whether written or oral.

 

13.
Amendment and Waiver. Any term of this Agreement may be amended and the observance of any term of this Agreement may be
waived (either generally or in a particular instance, either retroactively or prospectively, and either for a specified period
of time or indefinitely), only by the written consent of all parties hereto. Any agreement on the part of a party to any extension
or waiver shall only be valid if set forth in an instrument in writing signed on behalf of such party. Any such waiver or extension
shall not operate as waiver or extension of any other subsequent condition or obligation.

 

14.
Unenforceability, Severability. If any provision of this Agreement is found to be void or unenforceable by a court of competent
jurisdiction, the remaining provisions of this Agreement shall nevertheless be binding upon the parties with the same force and
effect as though the unenforceable part had been severed and deleted.

 

15.
Specific Performance. The parties hereto agree that irreparable damage would occur if any of the provisions of this Agreement
were not performed in accordance with their specific terms or otherwise breached. It is accordingly agreed that the parties shall
be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions
hereof, in addition to any other remedy to which they are entitled at law or in equity.

 

16.
Mitigation. Executive will not be required to mitigate the amount of payments provided for under this Agreement by seeking
other employment or otherwise, nor shall the amount of payments provided for under this Agreement be reduced by any compensation
earned by Executive as the result of employment by another employer, by retirement benefits, by offset against any amount claimed
to be owed by Executive to the Company, or otherwise.

 

    	 	12	 

     

    

 

17.
Governing Law. This Agreement shall be construed, interpreted and enforced in accordance with, and shall be governed by,
the laws of the State of Tennessee applicable to contracts made and to be performed wholly therein without giving effect to principles
of conflicts or choice of laws thereof.

 

18.
Jurisdiction. Each of the parties hereto hereby irrevocably consents and submits to the exclusive jurisdiction of the state
and federal courts located in Knox County, Tennessee in connection with any proceeding arising out of or relating to this Agreement
or the transactions contemplated hereby and waives any objection to venue in Knox County, Tennessee. In addition, each of the
parties hereto hereby waives trial by jury in connection with any claim or proceeding arising out of or relating to this Agreement
or the transactions contemplated hereby.

 

19.
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original
but all of which together will constitute one and the same instrument.

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Amendment Date.

 

	 	Executive
	 	 	 
	 	By:	/s/
    Susan Anette (Suzette) Reyes M.D.
	 	Name:	Susan
    Anette (Suzette)Reyes M.D.
	 	 	 
	 	Healthcare Integrated Technologies Inc.
	 	 	 
	 	By:	/s/
    Scott M. Boruff
	 	Name:	Scott
    M. Boruff
	 	Title:	Chief
    Executive Officer and Sole Board member

 

    	 	13Exhibit
10.2

 

STOCK
OPTION GRANT

 

This
STOCK OPTION GRANT, dated as of September 1, 2020 is delivered by Healthcare Integrated Technologies, Inc., a Nevada
corporation (the “Company”) to Susan A. Reyes, an individual resident of the Tennessee (the “Employee”).

 

RECITALS

 

	 	A.	The
    Board of Directors of the Company has decided to make a stock option grant to Employee as part of the consideration payable
    to Employee pursuant to an Employee Agreement between the Company and Employee dated even herewith (the “Agreement”).
	 	 	 
	 	B.	The
    Board of the Company has approved the Agreement and the grant of the options included in the Agreement.

 

NOW,
THEREFORE, the parties to this Agreement, intending to be legally bound hereby, agree as follows:

 

1.
Grant of Option. Subject to the terms and conditions set forth in this Agreement, the Company hereby grants to the
Employee an option (“Option”) to purchase 1,000,000 shares of common stock of the Company (“Option Shares”)
at an exercise price of $0.39 per share, the price as reported on the OTC Markets on the date immediately preceding the date of
this Agreement (the “Option Price”). The Option shall become exercisable according to Paragraph 2 below.

 

2.
Exercisability of Option. The option shall be a non-qualified option and shall become vested 25% at execution of this
agreement and the balance in equal annual installments over a period of three (3) years from the grant date, or immediately with
respect to all shares underlying the option in the event of a Change in Control (as defined in Section 5(c) hereof). The expiration
date of the option shall be the fifth anniversary of the date of grant, subject to earlier termination of the option at the date
three (3) years after a termination due to death, Disability , or by the Company not for Cause (as defined in the Agreement),
or at the date six (6) months after any other termination of Employee’s employment.

 

3.
Term of Option. The stated expiration date of the option shall be the fifth (5th) anniversary of the date
hereof, subject to earlier termination as provided under the Agreement.

 

4.
Exercise Procedures.

 

(a)
Subject to the provisions of Paragraphs 2 and 3 above, the Employee may exercise part or all of the exercisable Option by giving
the Board written notice of intent to exercise in the manner provided in this Agreement, specifying the number of Option Shares
as to which the Option is to be exercised. On the delivery date, the Employee shall pay the exercise price (i) in cash, or (ii)
in the event the Company’s Common Stock is publicly traded, with the approval of the Board, by delivering Option Shares
of the Company which shall be valued at their Fair Market Value (as defined below) on the date of delivery, or (iii) with the
approval of the Board, by a combination of (i) and (ii). “Fair Market Value” of a share of Common Stock as of a particular
date (the “Determination Date”) shall mean: (i) If the Company’s Common Stock is traded on an exchange or is
quoted on the NASDAQ Global Market, NASDAQ Global Select Market, the NASDAQ Capital Market, the New York Stock Exchange or the
NYSE American, then the average of the closing sale prices of the Common Stock for the five (5) trading days immediately prior
to (but not including) the Determination Date; or (ii) If the Company’s Common Stock is not traded on an exchange or on
the NASDAQ Global Market, NASDAQ Global Select Market, the NASDAQ Capital Market, the New York Stock Exchange or NYSE American,
but is quoted on the OTC Markets or in the over-the-counter market, then the average of the closing bid and ask prices reported
for the five (5) trading days immediately prior to (but not including) the Determination Date.

 

    	 

    	 

    

 

(b)
The obligation of the Company to deliver Option Shares upon exercise of the Option shall be subject to all applicable laws, rules,
and regulations and such approvals by governmental agencies as may be deemed appropriate by the Board, including such actions
as Company counsel shall deem necessary or appropriate to comply with relevant securities laws and regulations. The Company may
require that the Employee represent that the Employee is purchasing Option Shares for the Employee’s own account and not
with a view to or for sale in connection with any distribution of the Option Shares, or such other representation as the Board
deems appropriate. The Company shall withhold amounts required to be withheld for any taxes, if applicable. Subject to Board approval,
the Employee may elect to satisfy any income tax withholding obligation of the Company with respect to the Option by having Option
Shares withheld up to an amount that does not exceed the minimum applicable withholding tax rate for federal (including FICA),
state and local tax liabilities.

 

5.
Reservation of Common Stock. The Company hereby represents and warrants that there have been reserved, and the Company
shall at all applicable times keep reserved until issued (if necessary) as contemplated by this Section 5, out of the authorized
and unissued shares of Common Stock, sufficient shares to provide for the exercise of the rights of purchase represented by this
Option. The Company agrees that all Option Shares issued upon due exercise of the Option shall be, at the time of delivery of
the certificates for such Option Shares, duly authorized, validly issued, fully paid and non-assessable shares of Common Stock
of the Company.

 

6.
Adjustments. Subject and pursuant to the provisions of this Section 6, the Option Price and number of Option Shares
subject to this Option shall be subject to adjustment from time to time as set forth hereinafter.

 

(a)
If the Company shall, at any time or from time to time while this Option is outstanding, pay a dividend or make a distribution
on its Common Stock in shares of Common Stock, subdivide its outstanding shares of Common Stock into a greater number of shares
or combine its outstanding shares of Common Stock into a smaller number of shares or issue by reclassification of its outstanding
shares of Common Stock any shares of its capital stock (including any such reclassification in connection with a consolidation
or merger in which the Company is the continuing corporation), then (i) the Option Price in effect immediately prior to the date
on which such change shall become effective shall be adjusted by multiplying such Option Price by a fraction, the numerator of
which shall be the number of shares of Common Stock outstanding immediately prior to such change and the denominator of which
shall be the number of shares of Common Stock outstanding immediately after giving effect to such change and (ii) the number of
Option Shares purchasable upon exercise of this Option shall be adjusted by multiplying the number of Option Shares purchasable
upon exercise of this Option immediately prior to the date on which such change shall become effective by a fraction, the numerator
of which is shall be the Option Price in effect immediately prior to the date on which such change shall become effective and
the denominator of which shall be the Option Price in effect immediately after giving effect to such change, calculated in accordance
with clause (i) above. Such adjustments shall be made successively whenever any event listed above shall occur.

 

    	 

    	 

    

 

(b)
In case the Company shall do any of the following (each, a “Triggering Event”): (i) consolidate or merge with or into
any other Person (as defined below) and the Company shall not be the continuing or surviving corporation of such consolidation
or merger, or (ii) permit any other Person to consolidate with or merge into the Company and the Company shall be the continuing
or surviving Person but, in connection with such consolidation or merger, any capital stock of the Company shall be changed into
or exchanged for securities of any other Person or cash or any other property, or (iii) transfer all or substantially all of its
properties or assets to any other Person, or (iv) effect a capital reorganization or reclassification of its capital stock, then,
and in the case of each such Triggering Event, proper provision shall be made to the Option Price and the number of Option Shares
that may be purchased upon exercise of this Option so that, upon the basis and the terms and in the manner provided in this Option,
the Option holder of this Option shall be entitled upon the exercise hereof at any time after the consummation of such Triggering
Event, to the extent this Option is not exercised prior to such Triggering Event, to receive at the Option Price as adjusted to
take into account the consummation of such Triggering Event, in lieu of the Common Stock issuable upon such exercise of this Option
prior to such Triggering Event, the securities, cash and property to which the Employee would have been entitled upon the consummation
of such Triggering Event if the Employee had exercised the rights represented by this Option immediately prior thereto (including
the right of a shareholder to elect the type of consideration it will receive upon a Triggering Event), subject to adjustments
(subsequent to such corporate action) as nearly equivalent as possible to the adjustments provided for elsewhere in this Section
6, and the Option Price shall be adjusted to equal the product of (A) the closing price of the common stock of the continuing
or surviving corporation as a result of such Triggering Event as of the date immediately preceding the date of the consummation
of such Triggering Event multiplied by (B) the quotient of (i) the Option Price divided by (ii) the Fair Market Value per share
of Common Stock as of the date immediately preceding the issuance date of this Option. Immediately upon the occurrence of a Triggering
Event, the Company shall notify the Employee in writing of such Triggering Event and provide the calculations in determining the
number of Option Shares issuable upon exercise of the new Option and the adjusted Option Price. Upon the Employee’s request,
the continuing or surviving corporation as a result of such Triggering Event shall issue to the Employee a new Option of like
tenor evidencing the right to purchase the adjusted number of Option Shares and the adjusted Option Price pursuant to the terms
and provisions of this Section 6(b). For purposes of this Section 6(b), “Person” means any individual, corporation,
partnership, joint venture, limited liability company, association or any other entity.

 

7.
Piggy Back Registration Rights. Whenever the Company proposes to register any of its equity securities under the Securities
Act of 1933, as amended, whether for its own account or for the account of one or more stockholders of the Company, and the registration
form to be used may be used for the registration of the Option Shares, the Company shall give the Employee prompt written notice
of its intention to effect such a registration and, at the Employee’s one time option, shall include in such registration
all Option Shares with respect to which the Employee has given a written request to the Company for inclusion therein within 15
days after the receipt of the Company’s notice; provided, however, that if, in the opinion of the Company or its
managing underwriter, if any, for such offering, the inclusion of a specific percentage (up to 100%) of the Option Shares requested
to be registered, when added to the securities being registered by the Company or the selling shareholder(s), including the Employee,
will exceed the maximum amount of the Company’s securities which can be marketed (i) at a price reasonably related to their
then current market value, or (ii) without otherwise materially adversely affecting the entire offering, then the Company may
exclude from such offering the percentage of the Option Shares which it has been requested to register.

 

8.
No Employment or Other Rights. The grant of the Option shall not confer upon the Employee any right to be retained
by or in the employ or service of the Company and shall not interfere in any way with the right of the Company to terminate the
Agreement. The right of the Company to terminate the Agreement at any time for any reason is specifically reserved, as provided
in the Agreement.

 

9.
No Shareholder Rights. Neither the Employee, nor any person entitled to exercise the Employee’s rights in the
event of Employee’s death, shall have any of the rights and privileges of a shareholder with respect to the Option Shares
subject to the Option, until certificates for Option Shares have been issued upon the exercise of the Option.

 

10.
Assignment and Transfers. The rights and interests of the Employee under this Agreement may not be sold, assigned,
encumbered or otherwise transferred except, in the event of the death of the Employee, by will or by the laws of descent and distribution.
In the event of any attempt by the Employee to alienate, assign, pledge, hypothecate, or otherwise dispose of the Option or any
right hereunder, except as provided for in this Agreement, or in the event of the levy or any attachment, execution or similar
process upon the rights or interests hereby conferred, the Company may terminate the Option by notice to the Employee, and the
Option and all rights hereunder shall thereupon become null and void.

 

    	 

    	 

    

 

11.
Applicable Law. The validity, construction, interpretation and effect of this instrument shall be governed by and construed
in accordance with the laws of the State of Tennessee, without giving effect to the conflicts of laws provisions thereof.

 

12.
Notice. Any notice to the Company provided for in this instrument shall be addressed to the Company in care of the
Chief Financial Officer at the Company’s principal executive offices at 1462 Rudder Lane, Knoxville, TN 37919, and any notice
to the Employee shall be addressed to Employee at 9901 Sierra Vista Lane, Knoxville, TN 37922, or to such other address as the
Employee may designate to the Company in writing. Any notice shall be delivered by hand, sent by electronic communication or enclosed
in a properly sealed envelope addressed as stated above, registered and deposited, postage prepaid, in a post office regularly
maintained by the United States Postal Service.

 

IN
WITNESS WHEREOF, the Company has caused its duly authorized officers to execute and attest this Agreement, and the Employee
has executed this Agreement, effective as of the Date of Grant.

 

	Healthcare
    Integrated Technologies, Inc.	 	Employee
	 	 	 
	By:	/s/
    Scott M. Boruff	 	Accepted:
    	/s/
    Susan A. Reyes
	 	Scott
    M. Boruff, CEO and Sole Board Member	 	 	Susan
    A. Reyes

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