Document:

Exhibit 10.1

Supplier Agreement

This Supplier Agreement (this "Agreement") is made effective as of February 5th, 2015, between Body Align, LLC, of 2296 Chamberino Dr, Virginia Beach, Virginia 23456 ("Supplier"), and BioForce Nanosciences Holdings, Inc. (a Nevada Corporation) with its office at 3419 Virginia Beach, Suite 252, Virginia Beach, Virginia 23452("Customer"). This agreement will remain in effect for 3-Years with an extension of an additional 3-Years granted upon a written notification within 60-days of conclusion of this agreement.

1. ITEMS PURCHASED. Supplier agrees to sell, and Customer agrees to buy, the following product (the "Goods") in accordance with the terms and conditions of this Agreement- See Exhibit A.

2. PRODUCT STANDARDS. The Goods shall comply with the specifications in the attached Exhibit B and incorporated into this Agreement by this reference.

3. TITLE/RISK OF LOSS. Supplier shall pay reasonable shipping costs in accordance with its shipping instructions, but the supplier shall be responsible for packaging, shipping and safe delivery and shall bear all risk of damage or loss until the goods are delivered to the customer's address.

4. PAYMENT. Payment shall be made to Body Align, LLC, of 2296 Chamberino Dr, Virginia Beach, Virginia 23456.  BioForce Nanosciences Holdings, Inc. agrees to pay Body Align, LLC as follows:

“Sold on Consignment”

In addition to any other right or remedy provided by law, if BioForce Nanosciences Holdings, Inc. fails to pay for the Goods when due, Body Align, LLC has the option to treat such failure to pay as a material breach of this Agreement, and may cancel this Agreement and/or seek legal remedies.

5. EXCLUSIVITY. Customer agrees to purchase “Argi Powered” product covered in this agreement only through Supplier. Supplier agrees to provide for the term of this agreement any “Argi Powered” product covered in this agreement.

6. DELIVERY. Time is of the essence in the performance of this Agreement; delivery's will be made timely as production avails.

7. MARKETING SUPPORT. Supplier will give access to all Marketing Research and

Documentation produced and will respond timely for any Marketing Materials created by Customer.

8. WARRANTIES. Body Align, LLC warrants that the Goods shall be free of substantive defects in material, workmanship, and in conformity with specifications.

-1-

BODY ALIGN, LLC WILL PROVIDE GENERAL PRODUCT LIABLITY INSURANCE FOR ANY INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES OF ANY NATURE.

9. INSPECTION. The Customer, upon receiving possession of the Goods, shall have a reasonable opportunity to inspect the Goods to determine if the Goods conform to the requirements of this Agreement. If the Customer, in good faith, determines that all or a portion of the Goods are non-conforming, the Customer may return the Goods to the Supplier at the Supplier's expense. The Customer must provide written notice to the Supplier of the reason for rejecting the Goods. The Supplier will have 30 days from the return of the Goods to remedy such defects under the terms of this Agreement.

10. DEFAULT. The occurrence of any of the following shall constitute a material default under this Agreement:

a.  The failure to make a required payment when due.

b.  The insolvency or bankruptcy of either party.

c.  The subjection of any of either party's property to any levy, seizure, general assignment for the  benefit of creditors, application or sale for or by any creditor or government agency.

d.  The failure to make available or deliver the Goods in the time and manner provided for in this Agreement.

11. REMEDIES ON DEFAULT. In addition to any and all other rights available according to law, if either party defaults by failing to substantially perform any material provision, term or condition of this Agreement (including without limitation the failure to make a monetary payment when due), the other party may elect to cancel this Agreement if the default is not cured within 10 days after providing written notice to the defaulting party. The notice shall describe with sufficient detail the nature of the default.

12. FORCE MAJEURE. If performance of this Agreement or any obligation under this

Agreement is prevented, restricted, or interfered with by causes beyond either party's reasonable control ("Force Majeure"), and if the party unable to carry out its obligations gives the other party prompt written notice of such event, then the obligations of the party invoking this provision shall be suspended to the extent necessary by such event. The term Force Majeure shall include, without limitation, acts of God, fire, explosion, vandalism, storm or other similar occurrence, orders or acts of military or civil authority, or by national emergencies, insurrections, riots, or wars. The excused party shall use reasonable efforts under the circumstances to avoid or remove such causes of non-performance and shall proceed to perform with reasonable dispatch whenever such causes are removed or ceased. An act or omission shall be deemed within the reasonable control of a party if committed, omitted, or caused by such party, or its employees, officers, agents, or affiliates.

13. ARBITRATION. Any controversies or disputes arising out of or relating to this Agreement shall be resolved by binding arbitration in accordance with the then-current Commercial Arbitration Rules of the American Arbitration Association. The parties shall select a mutually acceptable arbitrator knowledgeable about issues relating to the subject matter of this Agreement.

 

-2-

In the event the parties are unable to agree to such a selection, each party will select an arbitrator and the two arbitrators in turn shall select a third arbitrator, all three of whom shall preside jointly over the matter. The arbitration shall take place at a location that is reasonably centrally located between the parties, or otherwise mutually agreed upon by the parties.

All documents, materials, and information in the possession of each party that are in any way relevant to the dispute shall be made available to the other party for review and copying no later than 30 days after the notice of arbitration is served.

The arbitrator(s) shall not have the authority to modify any provision of this Agreement or to award punitive damages. The arbitrator(s) shall have the power to issue mandatory orders and restraint orders in connection with the arbitration. The decision rendered by the arbitrator(s) shall be final and binding on the parties, and judgment may be entered in conformity with the decision in any court having jurisdiction. The agreement to arbitration shall be specifically enforceable under the prevailing arbitration law. During the continuance of any arbitration proceeding, the parties shall continue to perform their respective obligations under this Agreement.

14. CONFIDENTIALITY. Both parties acknowledge that during the course of this Agreement, each may obtain confidential information regarding the other party's business. Both parties agree to treat all such information and the terms of this Agreement as confidential and to take all reasonable precautions against disclosure of such information to unauthorized third parties during and after the term of this Agreement. Upon request by an owner, all documents relating to the confidential information will be returned to such owner.

15. NOTICES. Any notice or communication required or permitted under this Agreement shall be sufficiently given if delivered in person or by certified mail, return receipt requested, to the addresses listed above or to such other address as one party may have furnished to the other in writing. The notice shall be deemed received when delivered or signed for, or on the third day after mailing if not signed.

16. ENTIRE AGREEMENT. This Agreement contains the entire agreement of the parties regarding the subject matter of this Agreement, and there are no other promises or conditions in any other agreement whether oral or written. This Agreement supersedes any prior written or oral agreements between the parties.

17. AMENDMENT. This Agreement may be modified or amended if the amendment is made in writing and signed by both parties.

18. SEVERABILITY. If any provision of this Agreement shall be held to be invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and enforceable.

-3-

If a court finds that any provision of this Agreement is invalid or unenforceable, but that by limiting such provision it would become valid and enforceable, then such provision shall be deemed to be written, construed, and enforced as so limited.

19. WAIVER OF CONTRACTUAL RIGHT. The failure of either party to enforce any provision of this Agreement shall not be construed as a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Agreement.

20. APPLICABLE LAW. This Agreement shall be governed by the laws of the State of Virginia.

21. SIGNATURES. This Agreement shall be signed by Richard Kaiser, Secretary and Director on behalf of BioForce Nanosciences Holdings, Inc. and by Steve Lepkowski, CEO on behalf of  Body Align, LLC.

Date: February 5, 2015

Customer:

BioForce Nanoscience Holdings, Inc.

Richard Kaiser

Secretary/Director

By: /s/ Richard Kaiser

Supplier:

Body Align, LLC

Steve Lepkowski

CEO

By: /s/ Steve Lepkowski

-4-

Exhibit A

1.

Pricing is determined by the Cumulative Product shipped to BioForce Nanosciences Holdings, Inc. per below:

a)

Cumulative Pricing Argi Powered Formulation:

0 - 10,000 $16.00 per 30 - day serving

10,001 - 50,000 $15.50 per 30 - day serving

50,001 - 100,000 $15.00 per 30 - day serving

Over 100,001 $14.50 per 30 - day serving

 

-5-

-6-Exhibit 10.2

Chairman Director 

Compensation

 AGREEMENT

This Director Compensation Agreement (this “Agreement”) is made as of the 1st day of July, 2013 by and among BioForce Nanosciences Holdings, Inc. (BFNH), a Nevada Corporation, having its principal place of business at 2232 Virginia Beach Blvd, Virginia Beach, VA 23454 (“Company”), and Merle Ferguson, Chairman Director, and is made in light of the following recitals which are a material part hereof.

Recital:

 

-Chairman Director (Chairman) is a business professional with extensive back ground in account management, contract administration, public relations, acquisitions, staff management, team building, corporate strategy, contract negotiation, corporate finance, construction management, growth strategy, public company management.   

NOW THEREFORE, for and in consideration of good and valuable consideration, in hand paid, including, but not limited to the mutual promises set forth herein, the receipt and sufficiency of which is acknowledged by each party hereto, the parties hereby agree as follows:

 

1.

Recitals Govern.  The parties desire to enter into this agreement for purposes of carrying out the above recitals and intensions set forth above and this Agreement shall be construed in light thereof.

 

2.

Stock only for Services.  The parties desire to memorialize their agreement to adherer to Securities Act Release No. 33-7646, dated February 26, 1999 regarding registration of securities on Form 144 Rule 4.2 Section 4(2), incorporated herein by reference.  No duty, obligation, engagement or other thing imposed on either the Company or the Chairman hereunder shall be construed to impose any duty, obligation or other engagement in violation of the letter or spirit of said release.

 

3.

Consulting Services.  The Chairman agrees to provide Services to the Company during the “Term” (as hereinafter defined).  Chairman agrees to provide such information, evaluation and analysis, in accordance with Services as will assist in maximizing the effectiveness of Client’s business model both relative to its business model and to its present and contemplated capital structure.  The Chairman shall personally provide services and the Company understands that the nature of the services to be provided are part time and that the chairman will be engaged in other business and consulting activities during the term of this Agreement.

  -1-
  

3. a

Conflicts.  The Company waives any claim of conflict and acknowledges that Chairman    has owned and continues to own and has consulted with interests in competitive business which might compete but for location.

 

3. b

Confidential Information.  The chairman agrees that any information received by the     chairman during any furtherance of the Chairman’s obligations in accordance with this contract, which concerns the personal, financial or other affairs of the company will be treated by the Chairman in full confidence and will not be revealed to any other persons, firms or organizations.  In connection herewith, Chairman and the Company have entered into that Confidentiality Agreement in the form attached hereto as Schedule B.

 

3. c

Role Of Chairman.  Chairman shall be available to consult with the Board of Directors, the officers of the Company, and the heads of the administrative staff, at reasonable times, concerning matters pertaining to the financial organization of the related matters, the selection and retaining of institutional financial organizations, the relationship of the Company with those organizations.  Chairman shall represent the Company, its Board of Directors, its officers or any other members of the Company in any transactions or communications.

 

3.d

Liability.  With regard to the services to be performed by the Chairman pursuant to this Agreement, the Chairman shall not be liable to the Company, or to anyone who may claim any right due to any relationship with the Company, for any acts or omissions in the performance of services on the part of the Chairman or on the part of the agents or Chairman’s of the Chairman, except when said acts or omissions of the Chairman are due to willful misconduct or gross negligence.  The Company shall hold the Chairman free and harmless from any obligations, costs, claims, judgments, attorneys’ fees, and attachments arising from or growing out of the services rendered to the Company pursuant to the terms of this agreement or in any way connected with the rendering of services, except when the same shall arise due to the willful misconduct or gross negligence of the Chairman and the Chairman is adjudged to be guilty of willful misconduct or gross negligence by a court of competent jurisdiction.

 

4.

Term.  The term of this Agreement shall commence July 1, 2013 and shall continue for a period of, five (5) Years, from that date, unless sooner terminated as provided herein.  It is understood that this Agreement shall not automatically renew and no obligations to renew are implied notwithstanding continued efforts to fulfill terms and conditions incomplete as of the termination of this Agreement. This Agreement  and the duties and obligations of the Chairman may be terminated by either party giving thirty (30) days prior written notice to the other but the compensation to the end of the contract and any previously incurred and approved expenses shall be deemed earned by and due to Chairman. Or termination through majority shareholder votes on early termination.

  -2-
  

5.

Compensation.  In consideration of the execution of the Agreement, and the performance of his obligations hereunder, and in lieu of cash compensation, , the Chairman shall receive a fee of Two Hundred Thousand dollars US ($200,000.00) in aggregate for five (5) years of services rendered, payable in new common S3, S8, or restricted shares (dependent upon registration availability) of BioForce Nanosciences Holdings, Inc. (hereinafter, the “Share”).  As per agreement between the Company and Chairman, the shares for 5-years of services to be issued within 30-days of this agreement based on BFNH stock price of $0.01 cents. Chairman agrees to pay certain reasonable cash expenses for the Company, as warranted, not to exceed Ten Thousand Dollars US ($10,000.00) in any given year, and these payments made by Chairman on behalf of BFNH shall be included in the above compensation calculation. If cash payments exceed Ten Thousand Dollars US ($10,000.00) in any given year during term of agreement, Chairman to be compensated with 144- restricted shares within 30-days of receipts justifying payment(s).

 

6.

Expenses.  The Company shall pay or reimburse the Chairman for all reasonable travel, business and miscellaneous expenses incurred by the Chairman in performing its duties under this Agreement, subject to prior approval (accept per paragraph #5 above).

 

7.

Control as to Time and Place and Manner where Services Will Be Rendered.  It is anticipated the Chairman will spend up to 30 hours per week fulfilling its obligations under this Agreement.  The particular amount of time may vary from day to day or week to week.  The Chairman shall not be entitled to any additional compensation except where the Chairman performs more than 44 hours, subject to the prior written approval of the Company.  If additional work is approved, the Chairman will submit an itemized statement setting forth the time spent and services rendered, and the Company will pay the Chairman the amounts due as indicated by statements submitted by the Chairman within thirty (30) days of receipt.  Both the Company and the Chairman agree that the Chairman will act as an independent contractor in the performance of its duties under this Agreement.  The Chairman will perform most services in accordance with this Agreement at a location and at times chosen in Chairman’s discretion.  The Company may from time to time request that the Chairman arrange for the services of others but Chairman shall choose and contract with same.  The Chairman cannot employ others without the prior authorization of the Company.  Accordingly, the Chairman shall be responsible for payment of all taxes including Federal, State and local taxes arising out of the Chairman’s activities in accordance with this Agreement, including by way of illustration but not limitation, Federal and state income tax, Social Security tax, unemployment insurance taxes, and other taxes or business license fee as required.  Except as otherwise may be agreed, the Chairman shall at all times be in an independent contractor, rather than co-venture, agent, Chairman or representative of the Company.

 

8.

Representations and Warranties.  The Company represents and warrants that (1) the shares being issued and/or sold pursuant to option are authorized to be issued by the Company; (ii) The Company has full right, power, and corporate authority to execute and enter into this Agreement, and to execute all underlying documents and to bind such entity to the terms and obligations hereto and to the underlying documents and to deliver the interests and consideration conveyed thereby, same being authorized by power and authority vested in the party signing on behalf of the Company; (iii) the Company has and will have full right, power, and authority to sell, transfer, and deliver the shares being issued and/or sold pursuant to option; (iv) the Company has no knowledge of any adverse claims affecting the subject shares and there are no notations of any adverse claims marked on the certificate for same; and (v) upon receipt, Chairman or his nominee will acquire the shares being issued and/or sold pursuant to option, free and clear of any security interests, mortgage, adverse claims, liens, or encumbrances of any nature or description  whatsoever, subject only to matters pertaining to the sale of securities generally including but not limited to the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder, or any state, rule, or regulation relating to the sale of securities (collectively, “Securities Laws”).  In the event that Chairman accepts shares not yet subject to a valid registration statement, Chairman represents and warrants to the Company that he will acquire same for investment and not with a view to the sale or other distribution thereof and will not at any time sell, exchange, transfer, or otherwise dispose of same under circumstances that would constitute a violation of Securities Laws.  Each party acknowledges the creation, modification and/or transfer of securities and represents and warrants to all others that it has reviewed the transaction with counsel and that no registration or representations are required and that all rights of recourse or rescission resulting from such transfer, to the extent permitted by law, are waived and each party represents and warrants to all others that no marketing of securities to the public has occurred.  Each of the warranties, representations, and covenants, contained in this Agreement by any party thereto shall be continuous and shall survive the delivery of Chairman Services, the Compensation and the termination of this Agreement.

 

9.

Arbitration.  Any controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be settled by arbitration in accordance of the rules of the American Arbitration Association, and judgment upon the award rendered by the arbitrator(s) shall be entered in any court having jurisdiction thereof.  For that purpose and the resolution of any claim hereunder, the parties hereto consent to the jurisdiction and venue of an appropriate court located in the State of Nevada.  In the event that litigation results from or arises out of this Agreement or the performance thereof, the parties agree to reimburse the prevailing party’s reasonable attorney’s fees, court and all other expenses, whether or not taxable by the court as costs, in addition to any other relief to which the prevailing party may be entitled.  In such event, no action shall be entertained by said court or any court competent jurisdiction if filed more than one year subsequent to the date the cause(s) of action actually accrued regardless of whether damages were otherwise as of said time calculable.

  -3-
  

10.

 Notices.  All notices, requests, consents, and other communications under this Agreement shall be in writing and shall be mailed by registered or certified mail, postage prepaid, or delivered by Facsimile or delivered personally to the address written above or to such other address of which the addressee shall have notified the sender in writing.  Notices mailed in accordance with this section shall be deemed given when mailed.

 

11.

 Binding Effect, Assignment and Succession.  All covenants and agreements contained in this Agreement by or on behalf of any parties hereto shall bind and inure to the benefit of his, her or its respective heirs, personal representatives, successors, and assigns, whether so expressed or not.  Except for assignment of the options as provided above, no party to this Agreement may, however, assign his rights hereunder or delegate his obligations hereunder to any other person or entity without the express prior written consent of the other parties hereto.

 

12.

 Entire Agreement and Interpretation.  This Agreement, including any exhibits and schedules hereto, constitutes and contains the entire agreement of the Company and the Chairman with respect to the provision of Chairman Services and Compensation and supersedes any prior agreement by the parties, whether written or oral.  It may not be changed orally but only by an agreement in writing signed by the party against whom enforcement of any waiver, change, modification, extension, or discharge is sought.  The waiver of a breach of any term or condition of this Agreement must be written and signed by the party sought to be charged with such waiver, and such waiver shall not be deemed to constitute the waiver of any other breach of the same or of any other term or condition of this agreement.  This Agreement shall be construed in accordance with and governed by the laws of the State of Nevada without regard to its rules and laws regarding conflicts of laws and each of the parties hereto irrevocably submit to the exclusive jurisdiction of any United States Federal court sitting in the state of Delaware over any action or proceeding arising out of or relating to this Agreement.  The parties hereto further waive any objection to venue in the State of Nevada and any objection to an action or proceeding in the same on the basis of forum non-convenes.

 

13.

 Miscellaneous.  The section headings contained in this Agreement are inserted as a matter of convenience and shall not be considered in interpreting or construing this Agreement.  This Agreement may be executed concurrently in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.  The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of the remaining provisions.  Time is of the essence of this Agreement and the obligations of the parties hereto.

 

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

 

Company:

Chairman:

 

 /s/                                                                                     /s/

Richard Kaiser                                                                   Merle Ferguson

Secretary/ Director                                                            Chairman

                                                

  -4-
  

SCHEDULE “A” TO CONSULTING AGREEMENT

Schedule of Services and Deliverables

Chairman shall provide the following Strategic Services:

 

Chairman agrees to provide all necessary judiciary responsibilities and provide necessary guidance and expertise.

SCHEDULE   “B” TO CONSULTING AGREEMENT

Confidentiality Agreement

This Confidentiality Agreement (hereafter this “Agreement”), is made as of the  1st day of July,  2013 by BioForce Nanosciences Holdings, Inc., a Nevada corporation, having its principal place of business at 2232 Virginia Beach Blvd, Virginia Beach, VA, 23454 (“Company”), and  Merle Ferguson (“Chairman”). Given that the Company and Chairman each desire to make certain confidential information concerning the Company, its technology, its investments, its marketing strategies, its capitalization and finances and its business as well as similar confidential information lawfully possessed by the Chairman (collectively, the “Information”) for purposes agreed to be legitimate and the Company and Chairman each agree to hold such Information confidential pursuant to the terms of this Agreement, in consideration of the mutual promises and other good and valuable consideration, the receipt and sufficiency of which is acknowledged and with the intent to be legally bound hereby, the Company and the Chairman agree as follows:

 

1.

The Information includes, but is not limited to, (i) all information on the Company, (ii) any and all data and information given or made available to the Chairman by the Company for evaluation purposes, whether written or in machine-readable form, (iii) any and all of the Company’s and Chairman’s notes, work papers, investigations, studies, computer printouts, and any other work including electronic data files, regardless of nature containing any such data and information and (iv) all copies of any of the foregoing.

 

2.

The Chairman and Company each understand that the Information is proprietary to the Company and Chairman and each agrees to hold the Information given by the other strictly confidential.  The Company and Chairman each agree that the Information shall be used only by the Company and Chairman and only for the purpose of reviewing and evaluating the activities of the Company, and shall not be used for any other purpose or be disclosed to any third party.  Neither the Company nor Chairman shall have the right to make copies or hold copies or documents except for reports and notes which have been generated by them, which reports and notes shall be retained for their exclusive use and shall remain confidential.

 

3.

It is understood that this Confidentiality Agreement shall not apply to any information otherwise covered herein (i) which known to either the Company or the Chairman prior to the date of the Confidentiality Agreement, (ii) which is disclosed to the Chairman or the Company by a third party who has not directly or indirectly received suchInformation in violation of an agreement with party from whom it was received or (iii) which is generally known within the industry.

  -5-

4.

The Company and the Chairman each agree to be fully responsible and liable to the other for any and all damages caused by reason of disclosure of Information in violation of this Confidentiality Agreement by the receiving party or any of its assigns or successors.

 

5.

This Confidentiality Agreement shall be governed by and construed in accordance with the laws of Delaware and shall be enforceable solely by and be for the sole benefit of THE Chairman and Company, their successors and assigns.

 

In witness whereof, the Company and the Chairman have executed this Agreement as of the date above.

Company:

Chairman:

  /s/                                                                                              /s/

Richard Kaiser                                                                             Merle Ferguson

Secretary/Director                                                                        Chairman

  -6-

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"}]]