Document:

Exhibit 10.9

 

INDEMNIFICATION ESCROW AGREEMENT

 

This INDEMNIFICATION ESCROW
AGREEMENT (this “Agreement”) dated as of _______, 2018 is entered into by and among Farmmi, Inc. (the “Company”),
ViewTrade Securities, Inc. (the “Underwriter”), and Pearlman Schneider LLP (the “Escrow Agent”).

 

WITNESSETH:

 

WHEREAS, the Company is
completing a public offering of 1,400,000 common shares of the Company, par value $0.001 (the “Shares”) and
an additional amount equal to fifteen (15%) percent of the Shares which the Underwriters have the option to purchase from the Company
to cover over-allotments, if any, along with any shares under Rule 462 promulgated under the Securities Act of 1933, at an offering
price of $4.00 per share (the “Offering”);

 

WHEREAS, the Company and
Underwriter expect that the Offering will close on or before the close of business on _________, 2018 (collectively, the “Closing
Date”);

 

WHEREAS, upon the closing
of the Offering the Company has agreed to deposit an aggregate amount of Six Hundred Thousand Dollars ($600,000) (the “Escrowed
Funds”) from the proceeds of the Offering to be received by the Company with the Escrow Agent in a non-interest bearing
escrow account, to be held, invested and disbursed by the Escrow Agent pursuant to the terms and conditions of this Agreement;

 

WHEREAS, the Escrow Agent
is willing to hold the Escrowed Funds and Investment Gain Funds (as such term is defined below) in escrow pursuant to and subject
to the terms and conditions of this Agreement; and

 

NOW, THEREFORE, in consideration of the mutual
promises herein contained and intending to be legally bound hereby, the parties hereto hereby agree as follows:

 

		1.	Appointment of Escrow Agent. The Company and the
Underwriter hereby appoint the Escrow Agent as escrow agent in accordance with the terms and subject to the conditions set forth
herein and the Escrow Agent hereby accepts such appointment.

 

		2.	Delivery of the Escrowed Funds. Upon the closing
of the Offering the Escrowed Funds shall be delivered on behalf of the Company to the Escrow Agent, as escrow agent into a non-interest
bearing escrow account maintained by the Escrow Agent (the “Escrow Account”) by wire transfer in accordance
with the wire transfer instructions set forth on Schedule A hereto. In no event shall the aggregate amount of Escrowed
Funds delivered to the Escrow Account be less than Six Hundred Thousand Dollars ($600,000).

 

		3.	Escrow Agent to Hold and Disburse the Escrowed Funds
and Investment Gain Funds. The Escrow Agent will retain the Escrowed Funds and Investment Gain Funds in an escrow account
and disburse the Escrowed Funds and Investment Gain Funds pursuant to the terms of this Agreement, as follows:

 

a.           The
Escrowed Funds shall be held by the Escrow Agent for the purpose of satisfying the initial $600,000 of the indemnification obligations
of the Company, with respect to the Escrowed Funds, pursuant to Sections 7(l) and 8 of the Underwriting Agreement dated ___________________,
2018 by and between the Company and the Underwriter, for a period of thirty (30) months from the closing of the Offering. Disbursement
of such Escrowed Funds and Investment Gain Funds shall be determined by an independent third-party trustee, to be chosen by mutual
consent of the Company and Underwriter.

 

    	 	1	 

     

    

 

b.           Notwithstanding
the last sentence of the prior paragraph, in the event that any litigation or proceeding arising out of any matter in connection
with the Offering in connection to the Underwriter acting in its capacity as underwriter within thirty (30) months following the
Closing Date and in which the Company, the Underwriter, the Escrow Agent or the Escrowed Funds becomes the subject of such litigation
or proceeding, the Underwriter and the Company hereby authorize the Escrow Agent, at the Underwriter’s sole instruction upon
Underwriter’s written notice to the Escrow Agent if not otherwise so required, to release and deposit the Escrowed Funds
with the clerk of the court in which the litigation is pending for the purpose of indemnifying and defending the Underwriter in
such litigation and proceeding, and thereupon the Escrow Agent shall be relieved and discharged of any further responsibility with
regard thereto to the extent determined by any such court. The Company and the Underwriter further hereby authorize the Escrow
Agent, if it receives conflicting claims to any of the Escrowed Funds, is threatened with litigation in its capacity as escrow
agent under this Agreement, or if the Escrow Agent determines it is necessary to do so for any other reason relating to this Agreement
or the Offering, to interplead all interested parties in any court of competent jurisdiction and to deposit the Escrowed Funds
with the clerk of that court and thereupon the Escrow Agent shall be relieved and discharged of any further responsibility hereunder
to the parties from which they were received to the extent determined by such court.

 

c.           Upon
instruction of the Company, the Escrow Agent may invest the Escrowed Funds during the term of the Agreement as follows:

 

i.            The
Escrowed Funds may be invested in issuers listed on U.S. national securities exchanges; provided that (1) no investments may be
made in the Company’s securities; (2) no more than 20% of the Escrowed Funds may be invested in one issuer; (3)         no
more than 40% of the Escrowed Funds may be invested in issuers that have: (A) a market capitalization of less than $1.0 billion;
(B) have been public for less than two years; and (C) have less than $1.0 million in average daily volume for last 30 days.

 

ii.         In
the event the aggregate value of the Escrowed Funds plus the Investment Gain Funds in the Escrow Account decreases to less than
$486,000, 81% of the original amount ($600,000) of Escrowed Funds (the “Minimum Equity”) for more than 20 consecutive
trading days, the Company shall promptly (but no later than 10 calendar days following the 20 consecutive trading days following
the decrease of less than 81%) add funds to the Escrow Account to maintain the Minimum Equity.

 

iii.         Upon
the account reaching Minimum Equity, the Company may not open any additional positions and may only close investment positions
until the account is above the Minimum Equity.

 

iv.         Upon
request from the Company and after the Closing, the Escrow Agent shall establish a brokerage account in the Company’s name
with a FINRA registered broker-dealer chosen by the Company and reasonably satisfactory to the Underwriter (the “Escrow Broker”).
All proposed transactions will be submitted by the Company in writing to the Underwriter with a confirmation by the Company that
such transaction(s) meet the criteria set forth in Sections 3(c)(i)-(iii). The Escrow Agent shall instruct the Escrow Broker to
submit confirmations of all transactions to the Escrow Agent, the Company and the Underwriter.

 

    	 	2	 

     

    

 

v.           All
income derived from the investments pursuant to this Section 3(c) in excess of the Escrowed Funds (“Investment Gain Funds”)
may, at the request of the Company, be disbursed to the Company provided in the manner of Section 3(a) of this Agreement, provided
that to the extent Investment Gain Funds exceed $50,000 in excess of the Minimum Equity, the Company shall be permitted to request
a disbursement of such excess funds in an amount of no less than $50,000 on March 31, June 30, September 30 or December 31 of any
year during the term of this Agreement prior to the thirty month period set forth in Section 3(a).

 

		4.	Exculpation and Indemnification of Escrow Agent.

 

a.           The
Escrow Agent shall have no duties or responsibilities other than those expressly set forth herein. The Escrow Agent shall have
no duty to enforce any obligation of any person to make any payment or delivery, or to direct or cause any payment or delivery
to be made other than as set forth herein, or to enforce any obligation of any person to perform any other act. The Escrow Agent
shall be under no liability to the other parties hereto or anyone else, by reason of any failure, on the part of any party hereto
or any maker, guarantor, endorser or other signatory of a document or any other person, to perform such person’s obligations
under any such document. Except for amendments to this Agreement referenced below, and except for written instructions given to
the Escrow Agent by the Company and the Underwriter relating to the Escrowed Funds, the Escrow Agent shall not be obligated to
recognize any agreement between or among any of the Company and the Underwriter, notwithstanding that references thereto may be
made herein and the Escrow Agent has knowledge thereof.

 

b.           The
Escrow Agent shall not be liable to the Company, the Underwriter, or to anyone else for any action taken or omitted by it, or any
action suffered by it to be taken or omitted, in good faith and acting upon any order, notice, demand, certificate, opinion or
advice of counsel (including counsel chosen by the Escrow Agent), statement, instrument, report, or other paper or document (not
only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability of
any information therein contained), which is believed by the Escrow Agent to be genuine and to be signed or presented by the proper
person or persons. The Escrow Agent shall not be bound by any of the terms thereof, unless evidenced by written notice delivered
to the Escrow Agent signed by the proper party or parties and, if the duties or rights of the Escrow Agent are affected, unless
it shall give its prior written consent thereto.

 

c.           The
Escrow Agent shall not be responsible for the sufficiency or accuracy of the form, or of the execution, validity, value or genuineness
of, any document or property received, held or delivered to it hereunder, or of any signature or endorsement thereon, or for any
lack of endorsement thereon, or for any description therein; nor shall the Escrow Agent be responsible or liable to the Company,
the Underwriter, or to anyone else in any respect on account of the identity, authority or rights, of the person executing or delivering
or purporting to execute or deliver any document or property or this Agreement. The Escrow Agent shall have no responsibility with
respect to the use or application of the Escrowed Funds pursuant to the provisions hereof.

 

    	 	3	 

     

    

 

d.           The
Escrow Agent shall have the right to assume, in the absence of written notice to the contrary from the proper person or persons,
that a fact or an event, by reason of which an action would or might be taken by the Escrow Agent, does not exist or has not occurred,
without incurring liability to the Company, the Underwriter, or to anyone else for any action taken or omitted to be taken or omitted,
in good faith and in the exercise of its own best judgment, in reliance upon such assumption.

 

e.           To
the extent that the Escrow Agent becomes liable for the payment of taxes, including withholding taxes, in respect of the Investment
Gain Funds, or any payment made hereunder, the Escrow Agent may pay such taxes from the Escrowed Funds; and the Escrow Agent may
withhold from any payment of the Escrowed Funds and Investment Gain Funds such amount as the Escrow Agent estimates to be sufficient
to provide for the payment of such taxes not yet paid, and may use the sum withheld for that purpose. The Escrow Agent shall be
indemnified and held harmless against any liability for taxes and for any penalties in respect of taxes, on such investment income
or payments in the manner provided in Section 4(f).

 

f.            The
Escrow Agent will be indemnified and held harmless by the Company and Underwriter from and against all expenses, including all
counsel fees and disbursements, or loss suffered by the Escrow Agent in connection with any action, suit or proceeding involving
any claim, or in connection with any claim or demand, which in any way, directly or indirectly, arises out of or relates to this
Agreement, the services of the Escrow Agent hereunder, except for claims relating to gross negligence or reckless misconduct by
the Escrow Agent or breach of this Agreement by the Escrow Agent, or the monies or other property held by it hereunder. Promptly,
but no later than ten (10) business days, after the receipt by the Escrow Agent of notice of any demand or claim or the commencement
of any action, suit or proceeding, the Escrow Agent shall, if a claim in respect thereof is to be made by the Escrow Agent against
the Company, notify the Company in writing, but the failure by the Escrow Agent to give such notice shall not relieve the Company
from any liability which the Company may have to the Escrow Agent hereunder, unless the failure of the Escrow Agent to give such
notice prejudices or otherwise impairs the Company’s ability to defend any demand, claim, action suit or proceeding. Notwithstanding
any obligation to make payments and deliveries hereunder, the Escrow Agent may retain and hold for such time as it deems necessary
such amount of monies or property as it shall, from time to time, reasonably deem sufficient to indemnify itself for any such loss
or expense.

 

g.           For
purposes hereof, the term “expense or loss” shall include all amounts paid or payable to satisfy any claim, demand
or liability, or in settlement of any claim, demand, action, suit or proceeding settled with the express written consent of the
Escrow Agent, and all costs and expenses, including, but not limited to, counsel fees and disbursements, paid or incurred in investigating
or defending against any such claim, demand, action, suit or proceeding.

 

		5.	Indemnification by the Company. The indemnification
provisions subject to this Agreement are set forth in Sections 7(l) and 8 of the Underwriting Agreement dated ____________, 2018
by and between the Company and the Underwriter, which Sections 7(l) and 8 shall be deemed to part of this Agreement.

 

    	 	4	 

     

    

 

		6.	Termination of Agreement and Resignation of Escrow Agent.

 

a.           This
Agreement shall terminate upon disbursement of all of the Escrowed Funds and Investment Gain Funds provided that the rights of
the Escrow Agent and the obligations of the Company and the Underwriter under Section 4 shall survive the termination hereof.

 

b.           The
Escrow Agent may resign at any time and be discharged from its duties as Escrow Agent hereunder by giving the Company and the Underwriter
at least fifteen (15) business days written notice thereof (the “Notice Period”). As soon as practicable after
its resignation, the Escrow Agent shall, if it receives notice from the Company and the Underwriter within the Notice Period, turn
over to a successor escrow agent appointed by the Company and the Underwriter all Escrowed Funds and Investment Gain Funds (less
such amount as the Escrow Agent is entitled to continue to retain and hold in escrow pursuant to Section 4(f) and to retain pursuant
to Section 7) upon presentation of the document appointing the new escrow agent and its acceptance thereof. If no new agent is
so appointed within the Notice Period, the Escrow Agent shall return the Escrowed Funds and Investment Gain Funds to the Company
without interest or deduction.

 

		7.	Form of Payments by Escrow Agent.

 

a.           Any
payments of the Escrowed Funds by the Escrow Agent pursuant to the terms of this Agreement shall be made by wire transfer unless
directed to be made by check by the Underwriter and/or Company.

 

b.           All
amounts referred to herein are expressed in United States Dollars and all payments by the Escrow Agent shall be made in such dollars.

 

		8.	Compensation. Escrow Agent shall be entitled to
$12,500.00 as compensation for its services rendered under this Agreement, which amount shall be delivered by the Company to an
account designated by the Escrow Agent on the same date when the Escrowed Funds are delivered into the Escrow Account.

 

		9.	Notices. All notices, demands, consents, requests,
instructions and other communications to be given or delivered or permitted under or by reason of the provisions of this Agreement
or in connection with the transactions contemplated hereby shall be in writing and shall be deemed to be delivered and received
by the intended recipient as follows: (i) if personally delivered, on the business day of such delivery (as evidenced by the receipt
of the personal delivery service), (ii) if mailed certified or registered mail return receipt requested, on the business day of
such delivery (as evidenced by the signed certified mail card), (iii) if delivered by overnight courier (with all charges having
been prepaid), on the business day of such delivery (as evidenced by the receipt of the overnight courier service of recognized
standing), (iv) if delivered by facsimile transmission, on the business day of such delivery if sent by 6:00 p.m. in the time
zone of the recipient, or if sent after that time, on the next succeeding business day (as evidenced by the printed confirmation
of delivery generated by the sending party’s telecopier machine), or (v) if delivered by email on the business day of such
delivery (as evidenced by delivery confirmation). If any notice, demand, consent, request, instruction or other communication
cannot be delivered because of a changed address of which no notice was given (in accordance with this Section 9), or the refusal
to accept same, the notice, demand, consent, request, instruction or other communication shall be deemed received on the second
business day the notice is sent (as evidenced by a sworn affidavit of the sender). All such notices, demands, consents, requests,
instructions and other communications will be sent to addresses or facsimile numbers as applicable set forth hereunder.

 

    	 	5	 

     

    

 

If to the Company, to: 

 

Farmmi, Inc.

 

Farmmi, Inc.

No. 888 Tianning Street

Lishui, Zhejiang province

People’s Republic of
China 323000

Attention: Mrs. Yefang Zhang

Email:    zhang@f0086.com

 

with a copy to:

Anthiny W. Basch, Esq.

Kaufman & Canoles, P.C.

Two James Center, 14th Floor

1021 East Cary Street

Richmond, Virginia

Email: awbasch@kaufcan.com

 

If to the Underwriter, to:

 

ViewTrade Securities, Inc.

Attn: Doug K. Aguililla

7280 West Palmetto Park Road, Suite 310

Boca Raton, FL 33433

Email: dougagui@viewtrade.com

 

If to the Escrow Agent, to: 

 

Pearlman Schneider LLP

Attn: Charles B. Pearlman, Esq.2200 Corporate Blvd. NW, Suite 210

Boca Raton, Florida 33431

Phone: 561-362-9595

Email: charlie@pslawgroup.net 

 

		10.	Further Assurances. From time to time on and after
the date hereof, the Company and the Underwriter shall deliver or cause to be delivered to the Escrow Agent such further documents
and instruments and shall do and cause to be done such further acts as the Escrow Agent shall reasonably request (it being understood
that the Escrow Agent shall have no obligation to make any such request) to carry out more effectively the provisions and purposes
of this Agreement, to evidence compliance herewith or to assure itself that it is protected in acting hereunder.

 

    	 	6	 

     

    

 

		11.	Consent to Service of Process. The Company, the
Underwriter and the Escrow Agent hereby irrevocably consent to the jurisdiction of the courts of the State of Florida and of any
Federal court located in such state in connection with any action, suit or proceedings arising out of or relating to this Agreement
or any action taken or omitted hereunder, and waives personal service of any summons, complaint or other process and agrees that
the service thereof may be made by certified or registered mail directed to it at the address listed hereto.

 

		12.	Miscellaneous.

 

a.           This
Agreement shall be construed without regard to any presumption or other rule requiring construction against the party causing such
instrument to be drafted. The terms “hereby,” “hereof,” “hereunder,” and any similar terms,
as used in this Agreement, refer to the Escrow Agreement in its entirety and not only to the particular portion of this Agreement
where the term is used. The word “person” shall mean any natural person, partnership, corporation, government and any
other form of business of legal entity. All words or terms used in this Agreement, regardless of the number or gender in which
they were used, shall be deemed to include any other number and any other gender as the context may require. This Agreement shall
not be admissible in evidence to construe the provisions of any prior agreement.

 

b.           This
Agreement and the rights and obligations hereunder of the Company and the Underwriter may not be assigned without the consent of
the Escrow Agent, other than by laws of descent or operation of law. This Agreement and the rights and obligations hereunder of
the Escrow Agent may be assigned by the Escrow Agent, with the prior consent of the Company. This Agreement shall be binding upon
and inure to the benefit of each party’s respective successors, heirs and permitted assigns. No other person shall acquire
or have any rights under or by virtue of this Agreement. This Agreement may not be changed orally or modified, amended or supplemented
without an express written agreement executed by the Escrow Agent, the Company and the Underwriter, which consent shall not be
unreasonably withheld. This Agreement is intended to be for the sole benefit of the parties hereto and their respective successors,
heirs and permitted assigns, and none of the provisions of this Agreement are intended to be, nor shall they be construed to be,
for the benefit of any third person.

 

c.           This
Agreement shall be governed by, and construed in accordance with, the internal laws of the State of Florida. The representations
and warranties contained in this Agreement shall survive the execution and delivery hereof and any investigations made by any party.
The headings in this Agreement are for purposes of reference only and shall not limit or otherwise affect any of the terms thereof.

 

		13.	Execution of Counterparts. This Agreement may be
executed in any number of counterparts, by facsimile or other form of electronic transmission, each of which shall be deemed to
be an original as of those whose signature appears thereon, and all of which shall together constitute one and the same instrument.
This Agreement shall become binding when one or more of the counterparts hereof, individually or taken together, are signed by
all parties hereto.

 

    	 	7	 

     

    

 

[SIGNATURE PAGE TO INDEMNIFICATION ESCROW AGREEMENT]

 

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

 

ESCROW AGENT:

 

PEARLMAN SCHNEIDER LLP

 

	By:	 	 
	Name:	 	 
	Title: 	 	 

 

	COMPANY:	 
	 	 
	FARMMI, INC.	 

 

	By:	 	 
	Name:	 	 
	Title: 	 	 

 

	UNDERWRITER:	 
	 	 
	VIEWTRADE SECURITIES, INC.	 

 

	By:	 	 
	Name:	DOUGLAS K. AGUILILLA	 
	Title: 	DIRECTOR, INVESTMENT BANKING	 

 

 

 

     

     

    

 

Schedule A

 

ACCOUNT NAME:               TRUST ACCOUNT

ACCOUNT NO.:

ABA ROUTING NO.:

SWIFT CODE: 

BANK:

REFERENCE:

ATTN:

 

PLEASE WIRE IN U.S. DOLLARSCONSULTING
AGREEMENT

 

This
Consulting Agreement (sometimes herein “Agreement”) is made effective as of the 16th day of February, 2018
(“Effective Date”), by and between MEDOVEX CORP., a corporation with its principle office at 1950 Airport Rd.
Suite A, Atlanta, GA 30341 (“COMPANY”) and CG3 Consulting LLC, whose address is 9625 Xerxes Circle Bloomington
MN 55431(hereinafter referred to as “CONSULTANT”), (COMPANY and CONSULTANT each being a “Party” and
sometimes collectively herein the “Parties”).

 

RECITALS

 

WHEREAS,
CONSULTANT has expertise in medical device development and other related business that COMPANY is engaged in; and

 

WHEREAS,
COMPANY, is engaged in developing and commercializing medical technologies (all collectively referred to herein as the “Technology”),
and desires to retain CONSULTANT to provide services outlined in Schedule A of this Agreement and other general business issues.

 

NOW,
THEREFORE, in consideration of the mutual covenants and stipulations set forth herein, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows:

 

I.
Engagement.

 

1.1
COMPANY hereby engages CONSULTANT to render, as an independent contractor, consulting services with respect to the Technology
as requested by COMPANY and such other services as may be agreed to in writing by COMPANY and CONSULTANT from time to time.

 

1.2
CONSULTANT hereby accepts the engagement to provide consulting services to COMPANY on the terms and conditions set forth herein.

 

II.
Term.

 

This
Agreement shall commence on the Effective Date and, unless modified by the mutual written agreement of the Parties, and shall
terminate as specified in Appendix A; provided, however, either Party may terminate this Agreement at any time, with or without
cause, by providing the other Party with 30 days advanced written notice of such termination. Anything in this Agreement to the
contrary notwithstanding, the obligations as set forth in Sections V and VI herein shall survive the expiration or earlier termination
of this Agreement.

 

    	 

    	 

    

 

III.
Compensation.

 

3.1
COMPANY shall pay CONSULTANT at the rate and frequency as specified in Appendix A, for services satisfactorily rendered.

 

3.2
Out-of-pocket expenses incurred by CONSULTANT that are authorized in advance in writing by COMPANY shall be reimbursed to CONSULTANT,
subject to COMPANY’s standard policies regarding reimbursement in effect from time to time.

 

IV.
Consultant’s Business Activities.

 

CONSULTANT
shall devote such time, attention and energy to the business and affairs of COMPANY as requested by COMPANY and mutually agreed
to by CONSULTANT as outlined in Appendix A.

 

V.
Intellectual Property Matters and Covenant Not to Compete.

 

5.1
All ideas, inventions, improvements, developments, discoveries, findings, techniques, methods, formulations, products, trade secrets
and applications, whether patentable or not (“Inventions”), made or conceived by CONSULTANT or jointly with COMPANY,
or disclosed to CONSULTANT in connection with, or as a result of, the advice and services performed hereunder or contemplated
herein or relating to the Technology, shall be and remain the sole and exclusive property of COMPANY. CONSULTANT shall promptly
submit to COMPANY a written disclosure of such Inventions. CONSULTANT assigns the entire right, title and interest in all such
Inventions and any other intellectual property rights related thereto to COMPANY and will at any time, at the request and expense
of COMPANY, render all reasonable assistance, execute any papers and take such other actions as COMPANY may consider necessary
or appropriate to vest, perfect, defend, maintain and/or secure COMPANY’S rights in such Inventions. No compensation is
due for such Inventions or the assignment to COMPANY. Attached hereto as Exhibit A is a list describing all Inventions which were
made or conceived by CONSULTANT prior to the Effective Date of this Agreement which relate in any manner to COMPANY’s business
or the Technology or, if no such list is attached, CONSULTANT represents that there are no such Inventions.

 

5.2
All Inventions, patents, copyrights, trademarks, trade names, logos, designations, copyrights, intellectual property rights, other
proprietary rights, applications therefore and rights, and any translations of the same relating to the research or to the Technology
(collectively, the “COMPANY IP”), shall remain the sole property of COMPANY. CONSULTANT shall not at any time during
or after the term of this Agreement assert or claim any interest in, or do anything that may adversely affect the ownership of,
any COMPANY IP, including, without limitation, doing any act or assisting another in doing any act that infringes or may lead
to the infringement of any COMPANY IP. Nothing in this Agreement nor any act in performance of this Agreement is to be construed
as granting to CONSULTANT, or any other party, any 1icense or inte1lectua1 property rights whether or not protected by United
States or foreign intellectua1 property laws, patents or copyrights nor shall it constitute a waiver of any patent or intellectual
property rights, patent rights, protection of trade secrets or protectable interest.

 

    	 

    	 

    

 

5.3
CONSULTANT agrees to keep in confidence and not use any Confidential Information (as defined herein) in any manner whatsoever,
other than to assist COMPANY in the development or improvement of products under this Agreement. As used in this Agreement, “Confidential
Information” shall mean all COMPANY IP, data, technical and economic information, marketing and research strategies, processes,
methods, trade secrets, formulations, patent applications, and know how generated as a result of the services performed under
this Agreement or which is disclosed, shown or provided by COMPANY to CONSULTANT, or becomes known to CONSULTANT as a result of
the services related to this Agreement. The obligations of CONSULTANT under this paragraph shall not apply to the extent that
CONSULTANT can demonstrate that the information is:

 

(a)
Information which, prior to disclosure by COMPANY to CONSULTANT, was in the public domain;

 

(b)
Information which, after disclosure by COMPANY to CONSULTANT, becomes part of the public domain by publication or otherwise, through
means other than an unauthorized disclosure resulting from an act or omission by CONSULTANT;

 

(c)
Information which was disclosed to CONSULTANT at any time, whether prior to or after the time of disclosure of such information
under this Agreement, by a third party without restrictions on disclosure or use;

 

(d)
Information for which COMPANY has given its consent in writing to release for publication; or

 

(e)
Information which prior to disclosure by COMPANY to CONSULTANT was known by CONSULTANT as evidenced by a written description given
to COMPANY prior to execution of this Agreement.

 

5.4
CONSULTANT will not during the term of this agreement improperly use or disclose any proprietary information or trade secrets
of any person or entity to whom CONSULTANT has a duty of nondisclosure, if any, unless consented to in writing by said person
or entity.

 

5.5
CONSULTANT recognizes that COMPANY has received, and in the future will receive, from third parties certain confidential or proprietary
information subject to a duty on COMPANY’s part to maintain the confidentiality of such information and to use it only for
certain limited purposes. CONSULTANT agrees that he owes COMPANY and such third parties a duty to hold all such confidential or
proprietary information in the strictest confidence and not to disclose it to any person, firm or corporation or to use it for
the benefit of anyone other than COMPANY or such third party (except as necessary in carrying out services for COMPANY consistent
with COMPANY’s agreement with such third party) without express written authorization from COMPANY.

 

    	 

    	 

    

 

5.6
During the term of this Agreement and for a period of one (1) year thereafter, CONSULTANT will not directly or indirectly solicit
employees or consultants of COMPANY for purposes of employment with or performing services for or on behalf of CONSULTANT or any
other person or entity, nor shall CONSULTANT, directly or indirectly, solicit business from suppliers or customers of COMPANY.

 

5.7
Upon the expiration or earlier termination of this Agreement, or earlier at the request of COMPANY, CONSULTANT will return to
COMPANY all originals, copies, and summaries of documents, material, and other tangible manifestations of Confidential Information
in the possession or control of CONSULTANT. The obligation of CONSULTANT to return Confidential Information to COMPANY shall survive
until fulfilled.

 

5.8
During the term of this Agreement and for a period of one (1) year after termination of this Agreement by either party, CONSULTANT
will not directly or indirectly, engage in any business, or become affiliated as an agent, advisor, partner, officer, director,
employee, consultant or independent contractor of any business or organization, that competes with COMPANY or is engaged in the
development of the Technology.

 

5.9
CONSULTANT’s obligations to COMPANY under this Agreement are independent of any obligation of COMPANY and are not subject
to any set-off, defense, deduction or counterclaims based on any claim that CONSULTANT may have against COMPANY.

 

5.10
CONSULTANT acknowledges that COMPANY may develop and commercialize products available throughout the world and stipulates that
the time and subject matter restrictions of the foregoing obligations do not unduly oppress CONSULTANT’s future employment
opportunities. In addition, CONSULTANT acknowledges that the restrictions set forth herein are necessary to protect the legitimate
business interests of COMPANY in guarding trade secrets, preserving the goodwill of its customers and business, preventing solicitation
of its customers, obtaining the benefit of unique research and expertise, and preventing the unauthorized use of its Confidential
Information.

 

5.11
CONSULTANT represents and warrants (i) that CONSULTANT has no obligations, legal or otherwise, inconsistent with the terms of
this Agreement or with CONSULTANT’s undertaking this relationship with COMPANY, (ii) that the performance of the services
called for by this Agreement do not and will not violate any applicable law, rule or regulation or any proprietary or other right
of any third party, (iii) that CONSULTANT will not use in the performance of his responsibilities under this Agreement any confidential
information or trade secrets of any other person or entity and (iv) that CONSULTANT has not entered into or will enter into any
agreement (whether oral or written) in conflict with this Agreement.

 

    	 

    	 

    

 

5.
12 The duration of every obligation set forth herein will be extended by any period during which CONSULTANT is in breach of the
obligation.

 

VI.
General Provisions.

 

6.1
This Agreement may not be transferred or assigned by CONSULTANT except with the prior written consent of COMPANY. COMPANY may
assign this Agreement or its rights hereunder.

 

6.2
This Agreement is governed by and shall be construed and enforced in accordance with the laws of the State of Georgia, without
regard to conflict of law rules. Venue for any legal proceeding or action at equity or law arising out of or for purposes of this
Agreement shall only lie in a court of competent jurisdiction in the State of Georgia.

 

6.3
Nothing in this Agreement shall be construed as (i) a warranty or representation by COMPANY as to the validity, enforceability
or scope of any COMPANY patent or other COMPANY IP; (ii) a warranty or representation that anything made, used, sold, or otherwise
disposed of pursuant to this Agreement is or will be free from infringement of patents or other intangible rights of third parties;
(iii) a requirement that COMPANY shall file any patent application, secure any patent, or maintain any patent in force; (iv) an
obligation on COMPANY to bring or prosecute actions or suits against third parties for infringement of COMPANY patents; (v) an
obligation to furnish any manufacturing or technical information except as specifically provided herein; (vi) a granting by implication,
estoppel, or otherwise, any license or rights under patents, trade secrets, know-how, copyrights, or other intangible rights of
COMPANY or any other COMPANY IP, other than those specifically set forth herein; (vii) a warranty or representation by COMPANY
that it shall not grant the right to others to make, use or sell products covered by the claims of COMPANY patents or other COMPANY
IP.

 

6.4
OTHER THAN ANY WARRANTY EXPRESSLY MADE IN THIS AGREEMENT, COMPANY MAKES NO REPRESENTATIONS AND EXTENDS NO WARRANTIES OF ANY KIND,
EITHER EXPRESS OR IMPLIED, INCLUDING ANY WARRANTY OF MERCHANTABILITY, NON-INFRINGEMENT OR FITNESS FOR A PARTICULAR PURPOSE.

 

6.5
CONSULTANT shall at all times during the term of this Agreement and thereafter, indemnify, defend and hold COMPANY harmless from
and against all claims and expenses, including legal expenses and reasonable attorney fees, arising out of any other claims, proceedings,
demands, expenses, losses, and liabilities of any kind whatsoever (collectively, “Losses”) resulting from the activities
of CONSULTANT, except where such Losses result from the gross negligence or willful misconduct of COMPANY.

 

6.6
The right of either party to terminate this Agreement as provided under Section II herein shall not be an exclusive remedy, and
either party shall be entitled, if the circumstances warrant, alternatively or cumulatively, to damages for breach of this Agreement,
or to an order or injunction requiring performance of the obligations of this Agreement or to any other remedy available at law
or equity.

 

    	 

    	 

    

 

6.7
This Agreement, together with its exhibits and attachments, constitutes the entire agreement and understanding of the parties
with regard to the subject matter hereof and supersedes all prior discussions, negotiations, understandings and agreements between
the parties concerning the subject matter hereof. This Agreement may be amended only by written agreement of the parties hereto.
If any term or provision of this Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, then this
Agreement, including all of the remaining terms and provisions, will remain in full force and effect as if such invalid or unenforceable
term or provision had never been included, and any court of competent jurisdiction considering such terms and provisions is hereby
granted the express authority to reform such terms and provisions to the minimum extent necessary to render them enforceable.

 

6.8
Each party to this Agreement hereby agrees to execute, acknowledge and deliver all such further instruments as may be necessary
or appropriate to carry out the intent and purposes of this Agreement.

 

6.9
The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation
of the substantial terms of this Agreement.

 

6.10
Neither party shall be responsible or liable to the other party for nonperformance or delay in performance of any terms or conditions
of this Agreement, except for those relative to the protection of proprietary rights, due to circumstances beyond the control
of the nonperforming or delayed party including, but not limited to, acts of God, acts of government, wars, riots, strikes or
other labor disputes, shortages of labor or materials, fires and floods; provided the nonperforming or delayed party provides
to the other party written notice of the existence and the reason for such nonperformance or delay. Notwithstanding the foregoing,
the nonperformance or delay by any party in excess of 180 days shall constitute cause for termination of this Agreement with such
notice given in writing by one party to the other.

 

6.11
Any notice, report, or consent required or permitted by this Agreement to be given or delivered, shall be in writing and shall
be deemed given or delivered if delivered in person, sent by courier, expedited delivery service, or sent by registered or certified
mail, postage prepaid, return receipt requested, or sent by electronic mail (if confirmed), as follows:

 

	COMPANY:	 	CONSULTANT:
	Medovex
    Corp.	 	CG3
    Consulting LLC
	Jarrett
    Gorlin, CEO	 	Patrick
    Kullmann
	1950
    Airport Rd. Suite A	 	9625
    Xerxes Circle
	Atlanta
    Georgia 30341	 	Bloomington
    MN 55431

 

A
party may change the address listed above by providing notice to the other party in the manner set forth above.

 

    	 

    	 

    

 

6.12
CONSULTANT is an independent contractor with respect to any and all work to be performed under this Agreement from time to time
and shall not be deemed to be an employee, agent or representative of COMPANY. CONSULTANT shall not have any right to enter into
any contract or commitment in the name of, or on behalf of, or to bind COMPANY in any respect whatsoever.

 

6.13
No failure or neglect of COMPANY in any instance to exercise any right, power or privilege hereunder or under law shall constitute
a waiver of any other right, power or privilege or of the same right, power or privilege in any other instance. All waivers by
COMPANY must be contained in a written instrument signed by an executive officer of COMPANY or other person duly authorized by
COMPANY.

 

6.14
This Agreement may be executed in several counterparts, each of which shall be deemed an original, and all of which shall constitute
but one and the same instrument.

 

[Signature
Page Follows]

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, the parties have caused this Agreement to be executed in duplicate originals effective as of the Effective Date.

 

	COMPANY	 	CONSULTANT
	 	 	 	 	 
	By:	 	 	 	 
	 	Jarrett
    Gorlin	 	Name:	Patrick
    Kullmann, Founder,
	Its:	CEO	 	 	Lead
    Strategist
	 	 	 		EIN/Social
    Security #: ____________

 

    	 

    	 

    

 

APPENDIX
A

 

CONSULTING
SERVICES

 

Responsibilities:
Duties and responsibilities of CONSULTANT shall be, primarily, to perform and assist with duties and responsibilities as a business
advisor and consultant as requested by the Chief Operating Officer (“COO”), and other duties as may be identified
by Management. The Parties agree the requested tasks will not take more than 20 hours per week of the CONSULTANT’S time,
and CONSULTANT has an obligation to inform COMPANY if this situation occurs.

 

Reporting
to: COO

 

Term:
This Agreement will expire on July 31, 2018, subject to modification as specified in Section II of the Agreement.

 

Compensation:
CONSULTANT will receive compensation from COMPANY for services performed hereunder as follows:

 

	 	(a)	COMPANY
    will pay CONSULTANT $9,625.00 for each complete month of service, payable at the end of each month. Consultant will receive
    $4,812.50 for the month of February. If CONSULTANT travels outside of his home area in order to perform those functions outlined
    above in the “Responsibilities” section, he will be reimbursed for all travel and expenses approved in advance
    and submitted for reimbursement and payment within 30 (thirty) days of return from each travel event.
	 	 	 
	 	(b)	COMPANY
    hereby donates the laptop computer currently being used by CONSULTANT to CONSULTANT.
	 	 	 
	 	(c)	In
    addition to reimbursement of approved travel expenses, during the term of this Agreement, COMPANY agrees to reimburse 50%
    of cell phone invoice for phone used to conduct COMPANY business, and any other business expenses that exclusively benefit
    COMPANY.
	 	 	 
	 	(d)	During
    the term of this agreement, COMPANY will reimburse CONSULTANT for 50% of the medical insurance premium paid by CONSULTANT
    for independently obtained medical insurance, up to a maximum of $800 per month.

 

	 	CONSULTANT
    INITIAL: ______
	 	 
	 	COMPANY
    INITIAL: ________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00278-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00278-of-00352.parquet"}]]