Document:

ehave_ex1026.htm

  EXHIBIT 10.26
 
AMENDMENT
TO CONSULTING AGREEMENT
 
THIS AMENDMENT TO THE CONSULTING AGREEMENT is made and entered into as of February 1, 2016 (this "Amendment") by and between Ehave Inc. f/k/a Behavioural Neurological Applications and Solutions Inc. ("Ehave") and 8121346 Canada Inc. (the "Executive").
 
W I T N E S S E T H
 
WHEREAS, Ehave and the Executive are parties to a Consulting Agreement dated as of August 3, 2015 (the "Agreement"; capitalized terms used herein not otherwise defined shall have the meanings ascribed to such terms in the Agreement);
 
WHEREAS, Ehave desires to engage the services of Prateek Dwivedi, the principal of 8121346 Canada Inc., as the chief executive officer of Ehave, and Mr. Dwivedi desires to be so engaged on the terms and provisions of this Amendment;
 
NOW, THEREFORE, in consideration of the mutual covenants herein and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereby agree as follows:
 
1. Services. The Executive agrees that the services to be provided by the Executive hereunder and pursuant to the Agreement shall be provided by Mr. Prateek Dwivedi. Ehave hereby contracts the Executive in the role of Chief Executive Officer of Ehave, and the Executive hereby accepts acting in the role by Ehave upon the terms and conditions contained in this Amendment and the Agreement. The Executive agrees to perform such duties and services for Ehave and its subsidiaries or affiliates as are consistent with his position as the Chief Executive Officer of Ehave. The Executive shall perform his duties hereunder faithfully and to the best of his ability, and shall report directly to the Chairman of the Board of Directors of Ehave.
 
2. Relationship of Parties. Section 2.1 of the Agreement is hereby deleted in its entirety. 
 
	 
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3. Term. Sections 7.1 and 7.2 of the Agreement are hereby deleted in their entirety and replaced with the following:
 
"This Agreement can be terminated (i) by the Executive upon no less than thirty (30) business days' notice to the Board of Directors of Ehave and (ii) by Ehave as follows:
 
(x) effective immediately upon notice, to terminate the Agreement and to discharge him for "cause". For purposes of this Agreement, termination for "cause" shall mean if any one of the following events shall occur:
 
(a) the Executive's indictment or conviction in a court of law;
 
(b) any breach by the Executive of his fiduciary duties to Ehave;
 
(c) a material breach by the Executive of any of the terms or provisions of this Agreement;
 
(d) the Executive's failure or refusal to perform his duties hereunder, and such failure or refusal is not remedied by the Executive within ten (10) days after prior written notice; or
 
(e) any act of dishonesty or disloyalty by the Executive which adversely affects the business or reputation of Ehave;
 
(y) upon the death or disability of Mr. Dwivedi; or 
 
(z) effective within 30 days' prior notice to the Executive.
 
4. Agreement Not To Compete. The Executive agrees that (i) during the term of the Agreement and (ii) for six months thereafter but only if the Executive resigns, the Executive will not engage, directly or directly, either as principal, agent, consultant, proprietor, creditor, stockholder, director, officer or employee, or participate in the ownership, management, operation or control of any business engaged in the business of Ehave or any similar business. The Executive acknowledges and agrees that the current market for Ehave extends throughout the world and that it is therefore reasonable to prohibit the Executive from competing with Ehave anywhere in such territory. This Section shall not apply to the Executive's ownership of less than five percent (5%) of the capital stock of a company having a class of capital stock which is traded on any national stock exchange or on the over-the-counter market.
 
The Executive agrees and acknowledges the foregoing restriction, the duration and the territorial scope thereof as set forth in this Section 4 and in Articles 3 and 4 of the Agreement, are under all of the circumstances reasonable and necessary for the protection of Ehave and its business. In the event that the Executive shall breach any of the foregoing provisions, or in the event that any such breach is threatened by the Executive, in addition to and without limiting or waiving any other remedies available to Ehave at law or in equity, Ehave shall be entitled to immediate injunctive relief in any court, domestic or foreign, having the capacity to grant such relief, to restrain any such breach or threatened breach and to enforce the provision of this Agreement. The Executive acknowledges and agrees that there is no adequate remedy at law for any such breach or threatened breach and, in the event that any action or proceeding is brought seeking injunctive relief, Ehave shall not use as a defense thereto that there is an adequate remedy at law.  

 
	 
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5. Exclusive Agreement. The Executive represents and warrants to Ehave that there are no agreements or arrangements, whether written or oral, in effect which would prevent him from rendering services to Ehave as provided herein. The Executive further represents, warrants and agrees with Ehave that he has not made and will not make any commitment, take any act in conflict with this Agreement or take any action that might divert from Ehave any opportunity which would be in the scope of any present or future business of Ehave.
 
6. Entire Agreement. This Amendment and the Agreement constitutes the entire understanding between Ehave and the Executive with respect to the subject matter hereof and supersedes any and all previous agreements or understandings between the Executive and Ehave concerning the subject matter hereof, all of which are merged herein.
 
7. Reference. On and after the date hereof, each reference in the Agreement to "this Agreement", "hereunder", "hereof", "herein" or words of like import, and each reference to the Agreement in any other agreement, document or other instrument, shall mean, and be a reference to the Agreement, as amended by this Amendment.
 
8. Counterparts. This Amendment may be executed in one or more counterparts and by facsimile or other electronic means, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.
 
9. Captions. The captions used in this Amendment and in the Agreement are intended for convenience of reference only, shall not constitute any part of this Amendment or the Agreement, as the case may be, and shall not modify or affect in any manner the meaning or interpretation of any of the provisions of this Amendment or the Agreement, as the case may be.
 
10. Binding Effect. This Amendment shall be binding upon and inure to the benefit of the respective heirs, executors, administrators, representatives and the permitted successors and assigns of the parties hereto.
 
11. Governing Law. This Amendment and the rights and obligations of the parties under this Amendment shall be governed by and construed in accordance with the laws of the Agreement. 
 
12. Independent Counsel. This Amendment shall be construed to effectuate the mutual intent of the parties. This Amendment shall not be construed against any party by virtue of its role as the drafter thereof. No drafts of this Amendment shall be offered by any party, nor shall any draft be admissible in any proceeding, to explain or construe this agreement. Each party hereto acknowledges and agrees that it or he, as the case may be, has received or has had the opportunity to receive independent legal counsel of its/his own choice and that it/he has been sufficiently apprised of its/his rights and responsibilities with regard to the substance of this Amendment.
 
	 
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IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed and delivered on the day and year first above written.
 
	 
	EHAVE INC.	 

	 	 	 	 
		By:	/s/ Scott L. Woodrow	 

	 
	Name:  
	Scott L. Woodrow	 

	 
	Title: 
	President and Chief Executive Officer	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	8121346 CANADA INC.
	 

	 
	 
	 
	 

	 
	By: 
	/s/ Prateek Dwivedi
	 

	 
	Name: 
	Prateek Dwivedi
	 

	 
	Title:
	Principal
	 

	 
	 
	 
	 

 
 
4ehave_ex1027.htm

EXHIBIT 10.27
 
 
CRESS & COMPANY
 
MASTER SERVICES AGREEMENT
 
THIS AGREEMENT (this "Agreement") is made as of December 8th, 2015 (the "Effective Date") by and between BLOG INK LLC (DBA Cress & Company), a limited liability company organized under the laws of the State of New York with a place of business at 317 E. 14th St., Suite #4B, New York, NY 10003 ("Cress") and ehāve, Inc., a corporation organized under the laws of Canada with a place of business at 250 University Avenue, Suite 200, Toronto, ON M5H 3E5, Canada ("Company").
 
Cress & Company is a consulting firm that delivers solutions tailored to the needs of each client. This Agreement describes the terms and conditions under which Cress will provide consulting services to Company.
 
1.     Agreement Structure
 
This Agreement is structured as a "master" agreement and consists of the general terms and conditions set forth in this document, as well as written statements describing the terms and conditions of each individual work engagement (each, a "Statement of Work" or "SOW"). Each SOW will be deemed governed by this Agreement automatically. In the event of any conflict between the general terms and conditions set forth in this document and an SOW, the SOW will control.
 
2.     Payment Terms
 
Cress will send invoices for Fees in the form of invoices. Company agrees to pay all invoices within thirty (30) days of the invoice date. Without limiting the other remedies available to Cress, if any invoice is more than fifteen (15) days overdue, and Company's failure to pay is not corrected within five (5) days of Company's receipt of written notice of such failure, then Cress may suspend the Services upon written notice to Company. In such event, Company acknowledges that re-activation of the Services may require equitable adjustment of the payment Schedule.
 
3.     Term of Service
 
The term of this Agreement will commence on the Effective Date and will remain in effect until terminated in writing.
 
4.     Indemnification
 
The Company shall be solely responsible for its products, the content of its website, its IR/PR communications, and its advertising materials, and any claims it makes about its products or its business, and any losses related to the aforementioned, and shall, at its sole cost and expense, defend and indemnify Cress and hold Cress harmless from and against any claims, loss, suit, liability or judgment, including reasonable attorney's fees and costs, arising out of, or in connection with Company's products, website, IR/PR communications or advertising published/aired hereunder, including, without limitation, for any violations of securities laws or regulations, misrepresentations, false advertising, libel, slander, violation of right of privacy, plagiarism, infringement of copyright or other intellectual property interest, except in the case of Cress's unauthorized or negligent use of any information prepared by Company.
 
	317 East 14th Street, 4th Floor, New York, NY 10003, info@cress.co, 212-203-5251

	 

	

	 

 
CRESS & COMPANY
 
In connection with the engagement of Cress to assist the Company, the Company understands and acknowledges that Cress may use and rely upon and further disseminate information created or provided by the Company, including but not limited to publicly available information such as information contained in the Company's SEC filings, press releases, and on the Company's website.
 
5.     Limitation of Liability
 
In the event of an error/omission in Services, Cress's liability shall be limited to re-performing the particular Service. Under no circumstances shall Cress be liable for any consequential damages, of any kind to the Company, Company's Clients, Company's Partners or Company's Affiliates, including without limitation, lost profits.
 
Company acknowledges that Cress has set its rates and entered into this Agreement in reliance upon the limitations of liability and damages set forth herein, and that the same form an essential basis of the bargain between the parties. Company acknowledges that there is no guarantee of specific result in connection with the Services unless expressly stated otherwise in a Scope of Work.
 
COMPANY WARRANTS THAT IT HAS ALL REQUISITE LEGAL AND CORPORATE POWER TO ENTER INTO, EXECUTE AND DELIVER THIS AGREEMENT.
 
6.     Confidential Information
 
All information supplied by one party to the other party shall be given in confidence. Neither party shall disclose any such information to any third party without prior written consent of the other party. Both parties shall take such precautions, contractual or otherwise, as shall be reasonably necessary to prevent unauthorized disclosure of such information by their employees during the term of this Agreement and for a period of two (2) years thereafter. 
 
7.     Entire Agreement
 
This Agreement contains the entire agreement between the parties relating to the subject matter hereof and supersedes any and all prior agreements or understandings, written or oral, between the parties related to the subject matter hereof. No modification of this Agreement shall be valid unless made in writing and signed by both of the parties hereto.
 
8.     Governing Law
 
This Agreement shall be governed by and construed in accordance with the laws of the State of New York without reference to conflict of laws principles. 
 
9.     Waiver
 
The waiver by either party of any breach or failure to enforce any of the terms and conditions of this Agreement at any time shall not in any way affect, limit, or waive such party's right thereafter to enforce and compel strict compliance with every term and condition of this Agreement.
 
	317 East 14th Street, 4th Floor, New York, NY 10003, info@cress.co, 212-203-5251

	 

	

	 

 
CRESS & COMPANY
 
10.   No Right to Assign
 
Neither party has the right to assign, sell, modify, or otherwise alter this Agreement, except upon the express written advance approval of the other party, which consent can be withheld for any reason. 
 
11.   Further Assurances
 
At any time or from time to time after any issuance of securities, the parties agree to cooperate with each other, and at the request of the other party, to execute and deliver any further instruments or documents and to take all such further action as the other party may reasonably request in order to evidence or effectuate the consummation of such issuance.
 
12.   Severability
 
The parties agree to replace any such invalid or unenforceable provision with a new provision that has the most nearly similar permissible economic and legal effect.
 
13.   Force Majeure
 
Except for the obligation to pay money, neither party shall be liable to the other party for any failure or delay in performance caused by acts of God, fires, floods, strikes, whether legal or illegal, water damage, riots, epidemics or any other causes beyond such party's reasonable control, and such failure or delay will not constitute a breach of this Agreement.
 
14.   Attorney's Fees
 
In the event any party to this Agreement employs an attorney to enforce any of the terms of the Agreement, the prevailing party shall be entitled to recover its actual attorney's fees and costs, including expert witness fees.
 
Signature Page to Follow
 
	317 East 14th Street, 4th Floor, New York, NY 10003, info@cress.co, 212-203-5251
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CRESS & COMPANY

 
The parties represent and warrant that, on the date first written above, they are authorized to enter into this Agreement in its entirety and duly bind their respective principals by their signatures below.
 
EX ECUTED as of the date first written above.
 
	 
	BLOG INK LLC (" Cress & Company")	 

	 	 	 	 
	Date signed: 12/08/2015	By:	/s/ Douglas Cress 	 

	 
	Name:
	Douglas Cress 	 

	 
	Title:
	Principal 	 

 
	 
	ehave, Inc. ("Company")
	 

	 
	 
	 
	 

	Date signed: 12/09/2015	By:	/s/ Scott Woodrow	 

	 
	Name:
	Scott Woodrow	 

	 
	Title:
	CEO	 

 
	317 East 14th Street, 4th Floor, New York, NY 10003, info@cress.co, 212-203-5251
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CRESS & COMPANY

STATEMENT OF WORK
 
THIS STATEMENT OF WORK (this "SOW") is made as of December 8th, 2015 (the "Effective Date") by and between BLOG INK LLC ("Cress") and EHAVE, INC. ("Company"). This SOW incorporates by reference the terms and conditions contained in the Master Services Agreement dated December 8th, 2015 by and between Cress and Company (the "Agreement"). The terms and conditions of the Agreement govern this SOW.
 
Service Start Date: 12/08/2015 
Target Delivery Date:1/30/2016
 
SERVICES AND DELIVERABLES
 
Cress will provide the following services in connection with helping ehave improve its public and investor relations communications.
 
Investor Presentation
 
A good investor presentation is the best tool to quickly communicate the ehave story to prospective investors. The presentation will most often be read without the guidance of management and needs enough language and text to provide context.
 
	Investor Presentation Deliverables
	 
	 

	Audit and Revision
	 
	 

	Deck Redesign to Match Look and Feel of Website
	 
	 

	Two Rounds of Revisions
	 
	 

 
Fact Sheet
 
The investor fact sheet offers a simplified snapshot of ehave, the ADHD market, products in development, and the opportunity. The design of the Fact Sheet should be consistent with that of the Investor Presentation and also of the Website.
 
	Fact Sheet Deliverables
	 
	 

	Fact Sheet Creation and design 
	 
	 

	Two Rounds of Revisions
	 
	 

 
	317 East 14th Street, 4th Floor, New York, NY 10003, info@cress.co, 212-203-5251
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CRESS & COMPANY
 
Company Website
 
The website is the most important component of any public or investor relations campaign. It provides a one-stop-shop for analysts, media, investors, and healthcare providers to learn about ehave and the opportunity in a highly controlled manner. We will oversee the ground-up redevelopment of ehave.net (or ehave.co). In addition to creating the website and coordinating content development efforts, we will provide best-in-class hosting as well as ongoing maintenance and support.
 
	Corporate Website Deliverables

	Web Development and Design

	Digital Strategy Consulting

	Information Architecture

	Design (Responsive to Ensure Compatibility with Desktops,Tablets, and Mobile)

	Integration of Social Media

	Copy

	Stock Photography Selection and Purchase

	Website Coding (Front-End)

	Website Coding (Back-End)

	Quality Assurance

	Deployment

	Analytics and Reporting Tools

	 

	IR Website (Fully Maintained)

	IR Overview

	News / Events (Press Releases, Media Placements, IR Calendar)

	Company Info (Profile, Management Team,IR Contacts, FAQ)

	Stock Info (Detailed Quote, Charts, Historical Data)

	Financial Info (Financials, Quarterly Reports, Annual Reports, Conference Calls)

	Corporate Governance (Board of Directors, Committee Charters, Committee Compositions)

	SEC Filings (All SEC Filings, SEC Summary)

	 

	Hosting and Maintenance

	Ongoing Content Changes / Updates / Reasonable Enhancements

	Hosting on Dedicated Server Array with Integrated Content Delivery Network (CDN)

	Programmatic caching to minimize page load times

	Daily Backups

	 

	Analytics and Reporting

	Weekly Analytics Reports and Traffic Analysis / Consultations

	ActionData Visitor Insights

 
	317 East 14th Street, 4th Floor, New York, NY 10003, info@cress.co, 212-203-5251
	6

	

	 

 
CRESS & COMPANY
 
Video Production
 
Helping analysts, media, and investors 'get to know' management via video is an effective strategy to build trust and confidence while communicating the ehave story in a few minutes.
 
	Video ProductionDeliverables

	One Complete Video

	One Half-Day of Shooting (New York City)

	Scripting of Interviews

	Videographer, Producer, HD Camera, Lights, Audio Equipment, and Makeup

	Editing of Interview with Any Additional Existing Material (B-Roil, Photos, PowerPoint Slides)

	Delivery as High Resolution QuickTime File

	Hosting and Analytics

 
Photography
 
We will edit available photographs to create professional portraiture for key management.
 
	Management Photos

	Photo Editing and Correction for Consistency

	Delivery as High Resolution file

 
	317 East 14th Street, 4th Floor, New York, NY 10003, info@cress.co, 212-203-5251
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CRESS & COMPANY
   
Integrated Communications
 
Our integrated approach uses multiple communication platforms in a coordinatedfashion to help ehave build a well-informed following of investors, media, and other influencers. We nurture prospects by regularly communicating ehave developments using the website,email,socialmedia, and digital display advertising.
 
	Integrated Communications Deliverables

	Blog

	Formatting and Placement of Communications

	Email

	Template Design

	Ongoing Distribution

	List Management (Double Opt-in Confirmation, Subscriptions and Unsubscriptions)

	SocialMedia

	Content Setup

	CRM System Management

	Distribution of Communications Across All Accounts

	Remarketing with Digital Display

	Beacon Placement

	Ad Unit Creative {300x250 and 160x600)

	Ad Inventory Purchase

	Monitoring and Optimization

 
	317 East 14th Street, 4th Floor, New York, NY 10003, info@cress.co, 212-203-5251
	8

	

	 

 
CRESS & COMPANY

 
FEES AND PAYMENT T ERMS
 
Compensation for the Services and Deliverables described in this SOW include Upfront Fees and Ongoing Fees.
 
Upfront Cash Fee
 
	 
	·
	$15,000 (Fifteen Thousand Dollars) Cash payable in two tranches according to the following schedule:

 
		 
	a. 	$10,000 (Twenty Thousand Dollars) on December 15th, 2015

		 
		
		 
	b. 	$5,000 (Fifteen Thousand Dollars) on January 15th, 2015

 
Upfront Equity Fee
 
	 
	·
	500,000 (Five Hundred Thousand) Common Stock Options ("CSO") granted in three tranches according to the following schedule,with immediate vesting and cashless exercise provisions, and issued to Douglas Cress, an individual, on the terms and subject to the conditions set forth in Appendix A:

 
		 
	a. 	250,000 (Two Hundred and Fifty Thousand) on December 15st, 2015 with a Strike Price of $.0409 per share

		 
		
		 
	b. 	125,000 (One hundred twenty five thousand) on May lst, 2016 with a Strike Price of $.0818 per share

		 
		
		 
	c. 	125,000 (One hundred twenty five thousand) on January 31, 2017 with a Strike Price of $.0818. per share

 
Ongoing Cash Fee
 
	 
	·
	$5,000.00 (Five Thousand Dollars) per Month payable according to the following schedule:

 
	 
		a. 	$5,000.00 (Five Thousand Dollars) on February 15th, 2016 

	 
	 
	 
	 

	 
		b. 	$5,000.00 (Five Thousand Dollars) on March 15th, 2016
	 
	 
	 
	 

	 
		c. 	$5,000.00 (Five Thousand Dollars) on April 15th, 2016   

	 
	 
	 
	 

	 
	 
	d. 
	$5,000.00 (Five Thousand Dollars) on May 15th, 2016

	 
	 
	 
	 

	 
	 
	e.
	$5,000.00 (Five Thousand Dollars) on June 15th, 2016 

	 
	 
	 
	 

	 
	 
	f.
	$5,000.00 (Five Thousand Dollars) on July 15th, 2016

	 
			
	 
		g. 	$5,000.00 (Five Thousand Dollars) on August 15th, 2016

	 
			
	 
		h. 	$5,000.00 (Five Thousand Dollars) on September 15th, 2016

	 
			
	 
		i. 	$5,000.00 (Five Thousand Dollars) on October 15th, 2016

	 
			
	 
		j. 	$5,000.00 (Five Thousand Dollars) on November 15th, 2016 

	 
	 
	 
	 

	 
	 
	k. 
	$5,000.00 (Five Thousand Dollars) on December 15th,2016

	 
			
	 
		I. 	$5,000.00 (Five Thousand Dollars) on January 15th, 2017

 
Signature Page to Follow
 
	317 East 14th Street, 4th Floor, New York, NY 10003, info@cress.co, 212-203-5251
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CRESS & COMPANY
 
The parties represent and warrant that, on the date first written above, they are authorized to enter into this Agreement in its entirety and duly bind their respective principals by their signatures below.
 
EXECUTED as of the date first written above.
 
	 
	BLOG INK LLC (" Cress & Company")	 

	 	 	 	 
	Date signed: 12/08/2015	By:	/s/ Douglas Cress 	 

	 
	Name:
	Douglas Cress 	 

	 
	Title:
	Principal 	 

 
	 
	ehave, Inc. ("company")	 

	 	 	 	 
	Date signed:	By:	/s/ Scott Woodrow	 

	 
	Name:
	Scott Woodrow	 

	 
	Title:
	CEO	 

 
	317 East 14th Street, 4th Floor, New York, NY 10003, info@cress.co, 212-203-5251
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CRESS & COMPANY
 
APPENDIX A -  Form of Stock Option amounts Pending
 
 
 
317 East 14th Street, 4th Floor, New York, NY 10003, info@cress.co, 212-203-5251  
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