Document:

Exhibit 10.29

 

EXECUTION VERSION

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT AGREEMENT
(this “Agreement”) is made and entered into as of this 4th day of November, 2019 (the “Effective
Date”), by and between Access Physicians Management Services Organization, LLC (the “Company”), a Texas limited
liability company with its principal place of business in Dallas, Texas, and David Mikula, an individual (the “Executive”).

 

RECITALS

 

The Company desires to continue
to employ the Executive and the Executive desires to continue to be employed on the terms and conditions set forth in this Agreement.
In consideration of the foregoing premises and the mutual promises, terms, provisions and conditions set forth in this Agreement, the
parties hereby agree:

 

1. Employment.
Subject to the terms and conditions set forth in this Agreement, the Company hereby offers and the Executive hereby accepts continued
employment.

 

2. Term.
Subject to earlier termination as hereinafter provided, the Executive’s employment hereunder shall be for a term of three (3) years,
commencing on the Effective Date and continuing until the third (3rd) anniversary thereof; provided, that, on such third
(3rd) anniversary and each anniversary thereafter (each such date, a “Renewal Date”), the term of this Agreement
shall automatically renew for successive terms of one (1) year each, unless either party provides written notice of nonrenewal to
the other party not less than forty-five (45) days prior to the applicable Renewal Date. The term of this Agreement as from time
to time extended or renewed is hereafter referred to as “the term”.

 

3. Capacity
and Performance.

 

(a) During
the term hereof, the Executive shall serve the Company as its Chief Operating Officer.

 

(b) During
the term hereof, the Executive shall be employed by the Company on a full-time basis and shall perform the duties and responsibilities
of the Executive’s position and such other duties and responsibilities consistent with the Executive’s title and position
on behalf of the Company and its Affiliates as reasonably may be designated from time to time by the board of managers of the Company
(the “Board”) or its designees.

 

(c) During
the term hereof, the Executive shall devote the Executive’s full business time, attention and efforts to the advancement of the
business and interests of the Company and its Affiliates and Affiliated Physician Practices and to the discharge of the Executive’s
duties and responsibilities hereunder. The Executive shall not engage in any other business activity or serve in any industry, trade,
professional, governmental or academic position during the term of this Agreement that would conflict or interfere with the performance
of the Executive’s duties and responsibilities hereunder, except as may be expressly approved in advance by the Board in writing;
provided, however, that the Executive may, without the Board’s advance consent, (i) act or serve as a director, trustee,
committee member, or principal of, or otherwise participate in the activities of, any type of civic or charitable organization, and (ii) purchase
or own less than two percent (2%) of the publicly traded securities of any corporation; provided, that, such ownership represents
a passive investment and that the Executive is not a controlling person of, or a member of a group that controls, such corporation; provided,
further, that the activities described in clauses (i) and (ii) above do not, individually or in the aggregate, interfere with the performance
of the Executive’s duties under this Agreement, are not in conflict with the business interests of the Company or any of its Affiliates
or Affiliated Physician Practices and do not violate any provision of Section 7, 8 or 9 hereof.

 

     

     

    

 

(d) During
the term hereof, the Executive shall comply with all Company policies, practices and procedures and all codes of ethics or business conduct
applicable to the Executive’s position, as in effect from time to time.

 

(e) The
Executive may work remotely from the Company’s principal office, as long as he complies with the Company’s personnel handbook
provisions regarding working remotely. The Executive acknowledges that the Executive may be required to travel on Company business during
the term hereof.

 

4. Compensation
and Benefits. As compensation for all services performed by the Executive hereunder during the term hereof, and subject to the performance
of the Executive’s duties and responsibilities to the Company and its Affiliates:

 

(a) Base
Salary. During the term of this Agreement, the Company shall pay the Executive a base salary at an annualized rate of Three Hundred
Thirty Thousand Dollars ($330,000.00), payable in accordance with the normal payroll practices of the Company for its executives, and
subject to adjustment from time to time by the Board in its sole discretion. Such base salary is hereafter referred to as the “Base
Salary”. The Board shall review the Executive’s Base Salary at least annually and the Board may, but shall not be required
to, increase the Base Salary; however, the Board may not decrease the Executive’s Base Salary during the term hereof.

 

(b) Annual
Bonus Compensation. For each fiscal year completed during the term hereof, the Executive shall be eligible to participate in the applicable
annual bonus plan as may be established by the Board, as in effect from time to time. Any bonus due to the Executive thereunder shall
be paid not later than two and one-half months following the close of the Company’s fiscal year in which the Executive’s right
to such bonus is no longer subject to a substantial risk of forfeiture. In order to receive payment of any annual bonus earned under this
Section 4(b) for any fiscal year, the Executive must be employed by the Company on the last day of such fiscal year. The foregoing
rules shall be construed and applied to ensure that any annual bonus payable to the Executive qualifies as a “short-term deferral”
under Section 409A of the Internal Revenue Code of 1986, as amended (together with the regulations and guidance issued thereunder,
“Section 409A”). As of the Effective Date, the Executive’s targeted annual bonus shall be thirty percent
(30%) of the Base Salary, and shall be based upon the Executive achieving performance goals established by the Board.

 

(c) Vacations.
During the term hereof, the Executive shall be entitled to the greater of 25 paid vacation days per calendar year or the number of
paid vacation days provided in the Company’s personnel handbook, as in effect from time to time, to be taken at such times and intervals
as shall be determined by the Executive. The Executive shall receive other paid time-off in accordance with the Company’s policies
for executive officers as such policies may exist from time to time.

 

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(d) Employee
Benefit Plans. During the term hereof and subject to any contribution therefor generally required of similarly-situated employees
of the Company, the Executive shall be eligible to participate in any and all employee benefit plans, practices, and programs maintained
by the Company, as in effect from time to time (“Employee Benefit Plans”), on a basis which is no less favorable than
other similarly situated executives of the Company. Such participation shall be subject to (i) applicable law, (ii) the terms
of the applicable plan documents, (iii) generally applicable Company policies, and (iv) the discretion of the Board or any administrative
or other committee provided for under or contemplated by such plan. The Company reserves the right at any time, in its sole discretion,
to alter, modify, add to or eliminate any or all of its Employee Benefit Plans, subject to the terms of such Employee Benefit Plans and
applicable law.

 

(e) Equity.
During the term of the Executive’s employment hereunder, the Executive shall be entitled to receive equity-based compensation from
the Company. The vesting, performance criteria, and other terms and conditions of such equity award(s) are set forth in the equity award
agreement to be executed contemporaneously with this Agreement by the Company and the Executive (the “Equity Award Agreement”).

 

(f) Business
Expenses. The Company shall pay or reimburse the Executive for reasonable, customary and necessary business expenses incurred or paid
by the Executive in the performance of the Executive’s duties and responsibilities hereunder, in accordance with the Company’s
expense reimbursement policies and procedures. In addition, the Company shall reimburse the Executive for the Executive’s out of
pocket expenses incurred in connection with obtaining continuing education credits (CEU’s) approved by the Company, up to a maximum
of $5,000 per calendar year.

 

(g) Special
Bonus. Upon the closing of the transactions contemplated by that certain Series A Preferred Unit Purchase Agreement, by and between
the Company, HEP AP SPV HOLDINGS, LLC and HEP AP-B CORP., dated as of November 5, 2019 (the “Purchase Agreement”),
the Company shall pay to the Executive a one-time bonus in the amount of One Hundred Thousand Dollars ($100,000) (the “Special
Bonus”). For the avoidance of doubt, in the event that the transactions contemplated by the Purchase Agreement are not consummated
as contemplated by the Purchase Agreement, the Company shall not be obligated to pay, and the Executive shall not be entitled to receive,
the Special Bonus.

 

(h) Commission.
The Executive shall be eligible to receive commission based on revenue from certain accounts that the Executive specifically sources for
the Company. The terms of such commission structure and identity of accounts for which the Executive may be eligible to receive commission
shall be determined by the Company, in its sole discretion.

 

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5. Termination
of Employment and Severance Benefits. The term of this Agreement and the Executive’s employment hereunder may be terminated
prior to the expiration of the term as follows:

 

(a) Death.
In the event of the Executive’s death during the term hereof, the date of death shall be the date of termination, and the Company
shall pay or provide to the Executive’s designated beneficiary or, if no beneficiary has been designated by the Executive in a notice
received by the Company, to the Executive’s estate: (i) any Base Salary earned but not paid through the date of termination,
(ii) pay for any vacation time and/or paid time off earned but not used through the date of termination, (iii) subject to Section
4(b) hereof, any bonus compensation awarded for the year preceding that in which termination occurs, but unpaid on the date of termination,
and (iv) subject to Section 4(f), any business expenses incurred by the Executive but unreimbursed on the date of termination
(all of the foregoing, payable subject to the timing limitations described herein, “Final Compensation”). Other than
any unpaid bonus described in Section 5(a)(iii) (which shall be payable in accordance with Section 4(b)) and business
expenses described in Section 5(a)(iv) (which shall be payable in accordance with the Company’s expense reimbursement
policies and procedures), Final Compensation shall be paid to the Executive’s designated beneficiary or estate within thirty (30) days
following the date of death. The Company shall have no further obligation or liability to the Executive pursuant to this Agreement.

 

(b) Disability.

 

(i) The
Company may terminate the Executive’s employment hereunder, upon written notice to the Executive, in the event of the Executive’s
Disability. For purposes of this Agreement, “Disability” means the Executive’s inability, due to physical or
mental incapacity, to perform one or more of the essential functions of the Executive’s position, for one hundred eighty (180) days
out of any three hundred sixty five (365) day period or any one hundred twenty (120) consecutive days. Any question as to the existence
of the Executive’s Disability as to which the Executive and the Company cannot agree shall be determined in writing by a qualified
independent physician mutually acceptable to the Executive and the Company. If the Executive and the Company cannot agree as to a qualified
independent physician, each shall appoint such a physician and those two physicians shall select a third physician who shall make such
determination in writing. The determination of Disability made in writing to the Company and the Executive shall be final and conclusive
for all purposes of this Agreement.

 

(ii) In
the event of such termination, the Company shall have no further obligation or liability to the Executive pursuant to this Agreement,
other than for payment of any Final Compensation due the Executive. Other than any unpaid bonus described in Section 5(a)(iii)
(which shall be payable in accordance with Section 4(b)) and business expenses described in Section 5(a)(iv) (which
shall be payable in accordance with the Company’s expense reimbursement policies and procedures), Final Compensation shall be paid
to the Executive within thirty (30) days following the date of termination of employment. Notwithstanding any provision herein to
the contrary, all payments made in connection with the Executive’s Disability shall be provided in a manner consistent with federal
and state law.

 

(iii) The
Company may designate another employee to act in the Executive’s place during any period of the Executive’s Disability. While
receiving disability income payments under the Company’s disability income plan, the Executive shall not be entitled to receive
any Base Salary under Section 4(a) hereof, but shall continue to participate in the Employee Benefit Plans in accordance with
Section 4(d) and to the extent permitted by and subject to the then-current terms of such plans, until the termination of
the Executive’s employment hereunder.

 

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(c) By
the Company for Cause. The Company may terminate the Executive’s employment hereunder for Cause at any time upon notice to the
Executive setting forth in reasonable detail the nature of such Cause. The following, as determined by the Company in its reasonable judgment,
shall constitute “Cause”:

 

(i) the
Executive’s willful disregard or gross negligence in the performance of Executive’s duties and responsibilities to the Company
or any of its Affiliates or Affiliated Physician Practices;

 

(ii) the
Executive’s material breach of any of the terms of this Agreement or any other agreement between the Company or any of its Affiliates
or Affiliated Physician Practices, on the one hand, and the Executive, on the other hand, or any applicable policy of the Company or any
of its Affiliates or Affiliated Physician Practices;

 

(iii) the
Executive’s unauthorized disclosure of any Confidential Information (as defined herein), which causes (or would reasonably be expected
to cause) harm to the Company or any of its Affiliates or Affiliated Physician Practices;

 

(iv) the
Executive’s commission of, or plea of nolo contendere to, (A) a felony or (B) a crime involving moral turpitude;

 

(v) the
Executive’s fraud, embezzlement, theft, or other material dishonesty, whether or not related to the Executive’s employment
with the Company; or

 

(vi) any
other action by the Executive that involves substantial misconduct, a breach of any fiduciary obligation on the part of the Executive,
or otherwise could reasonably be expected to be materially harmful to the business, interests or reputation of the Company or any of its
Affiliates or Affiliated Physician Practices.

 

Termination of the Executive’s
employment shall not be deemed to be for Cause unless and until the Company delivers to the Executive written notice expressly setting
forth the Company’s intention to terminate the Executive’s employment for Cause and setting forth the basis therefor in reasonable
detail. Except for a failure, breach, or refusal which, by its nature, cannot reasonably be expected to be cured, the Executive shall
have ten (10) business days from the delivery of written notice by the Company within which to cure any acts constituting Cause;
provided however, that, if the Company reasonably expects irreparable injury from a delay of ten (10) business days, the Company
may give the Executive notice of such shorter period within which to cure as is reasonable under the circumstances, which may include
the termination of the Executive’s employment without notice and with immediate effect. The Company may place the Executive on paid
leave for up to sixty (60) days while it is determining whether there is a basis to terminate the Executive’s employment for
Cause. Any such action by the Company will not constitute Good Reason.

 

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Upon the giving of notice
of termination of the Executive’s employment hereunder for Cause, the Company shall have no further obligation or liability to the
Executive pursuant to this Agreement, other than for any Final Compensation due to the Executive. Other than any unpaid bonus described
in Section 5(a)(iii) (which shall be payable in accordance with Section 4(b)) and business expenses described
in Section 5(a)(iv) (which shall be payable in accordance with the Company’s expense reimbursement policies and procedures),
Final Compensation shall be paid to the Executive within thirty (30) days following the date of termination of employment.

 

(d) By
the Company Other Than for Cause. The Company may terminate the Executive’s employment other than for Cause at any time upon
written notice to the Executive. In the event that the Company provides written notice of non-renewal pursuant to Section 2
above, such non-renewal shall be deemed to be termination by the Company other than for Cause. In the event of such termination, in addition
to any Final Compensation due to the Executive, the Company will:

 

(i) pay
the Executive severance payments in an aggregate amount equal to twelve (12) months of the Executive’s Base Salary in effect
at the time of termination (the “Severance Payments”), and

 

(ii) if
the Executive timely and properly elects to continue the Executive’s participation and/or that of the Executive’s eligible
dependents in the Company’s medical and dental insurance plans pursuant to the federal Consolidated Omnibus Reconciliation Act of
1985 (“COBRA”), then the Company shall pay or reimburse (either the Executive or the insurer directly) a monthly amount
equal to the Company’s portion of the monthly premium cost of the Executive’s and the Executive’s dependents’
participation in the Company’s group medical and dental plans (“COBRA Premiums”) during the shortest of (A) the
18-month period following the Termination Date, (B) the end of the period during which the Executive is eligible to continue such
participation under applicable law and plan terms, and (C) the date that the Executive first becomes eligible for coverage under
another medical or dental plan in connection with the Executive’s new employment (the shortest of such periods, the “COBRA
Continuation Period”). The Executive is required to notify the Company immediately if the Executive becomes eligible for coverage
under another employer’s medical or dental plan. Notwithstanding the foregoing, if the Company determines that provision of such
COBRA benefits set forth in the first sentence of this clause would result in the imposition of penalties or additional taxes on the Company
(including, without limitation, under Section 2716 of the Public Health Service Act) or taxation of the benefits to the Executive
under Section 105(h) of the Code, then the Company will, in lieu thereof, provide to the Executive during the remainder of the COBRA
Continuation Period, a taxable monthly payment which, net of applicable tax withholdings, results in the payment to the Executive of an
amount equal to the COBRA Premiums.

 

The COBRA Premium payments
or reimbursements, together with the Severance Payments, are referred to as the “Severance Benefits.” Any obligation
of the Company to provide the Severance Benefits is conditioned, however, on the Executive signing and returning to the Company a timely
and effective release of claims, in substantially the form attached hereto as Exhibit A, no later than the sixtieth (60th) calendar
day following the date of termination (any such release submitted by such deadline, the “Release of Claims”) and on
the Executive’s continued compliance with the obligations of the Executive to the Company and its Affiliates that survive termination
of the Executive’s employment, including without limitation under Sections 7, 8 and 9 of this Agreement.
Other than the Executive’s continued participation in an Employee Benefit Plan as provided for in this Section 5(d)
above and to the provisions of Section 5(g) below, all Severance Benefits to which the Executive is entitled hereunder shall
be in the form of salary continuation, payable in accordance with the normal payroll practices of the Company for its executives in effect
at the time of the Executive’s termination, with the first payment, which shall be retroactive to the day immediately following
the date the Executive’s employment is terminated, being due and payable sixty (60) calendar days from the date the Executive’s
employment terminates. Final Compensation, other than any unpaid bonus described in Section 5(a)(iii) (which shall be payable
in accordance with Section 4(b)) and business expenses described in Section 5(a)(iv) (which shall be payable in accordance
with the Company’s expense reimbursement policies and procedures), shall be paid to the Executive within thirty (30) days following
the date of termination of employment; and

 

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(iii) If
the termination date is on or after September 30, pay the Executive a prorated share of the annual bonus he would be entitled to
receive had he remained employed pursuant to this Agreement at the end of the year, as long as the bonus is based upon the Executive’s
performance through the date of termination.

 

(e) By
the Executive for Good Reason. The Executive may terminate the Executive’s employment hereunder for Good Reason at any time
by providing written notice to the Company specifying in reasonable detail the condition(s) giving rise to Good Reason not later than
the thirtieth (30th) day after the occurrence of such condition; provided, however, that if the Company remedies the condition(s)
giving rise to Good Reason within 30 days following receipt of notice thereof, the Executive’s employment hereunder shall not
terminate for Good Reason. In the event of a termination of the Executive’s employment hereunder for Good Reason in accordance with
this Section 5(e) due to the Company’s failure to remedy one of the enumerated conditions below within thirty (30) days
following the Company’s receipt of written notice thereof from the Executive, subject to the Release of Claims requirement of Section
5(d), the Executive shall be entitled to receive the Severance Benefits. The following shall constitute “Good Reason”:

 

(i) a
material diminution by the Company of the Executive’s position, title, reporting position, authority or responsibilities that would
adversely affect his standing in the Company;

 

(ii) a
material reduction by the Company of the Executive’s Base Salary; or

 

(iii) the
relocation of the Executive’s place of employment by the Company to a location that is greater than thirty (30) miles from
the location at which the Executive provides services to the Company as of the Effective Date.

 

(f) By
the Executive Other than for Good Reason. The Executive may terminate the Executive’s employment hereunder other than for Good
Reason at any time upon thirty (30) days’ prior notice to the Company. In the event of termination of the Executive’s
employment in accordance with this Section 5(f), the Company may elect to waive the period of notice, or any portion thereof,
and, if the Company so elects, the Company will pay the Executive the Base Salary for the period so waived. The Company shall pay the
Executive any Final Compensation due to the Executive (other than any unpaid bonus described in Section 5(a)(iii) (which shall
be payable in accordance with Section 4(b)) and business expenses described in Section 5(a)(iv) (which shall be
payable in accordance with the Company’s expense reimbursement policies and procedures)), within thirty (30) days following
the date of the termination of employment. The Company shall have no further obligation or liability to the Executive pursuant to this
Agreement.

 

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(g) Timing
of Payments and Section 409A.

 

(i) Notwithstanding
anything to the contrary in this Agreement, if at the time of the Executive’s termination of employment, the Executive is a “specified
employee,” as defined below, any and all amounts payable under this Section 5 on account of such separation from service
that constitute deferred compensation and would (but for this provision) be payable within six (6) months following the date of termination,
shall instead be paid on the next business day following the expiration of such six (6) month period or, if earlier, upon the Executive’s
death; except (A) to the extent of amounts that do not constitute a deferral of compensation within the meaning of Treasury regulation
Section 1.409A-1(b) (including without limitation by reason of the safe harbor set forth in Section 1.409A-1(b)(9), as determined
by the Company in its reasonable good faith discretion); (B) benefits that qualify as excepted welfare benefits pursuant to Treasury
regulation Section 1.409A-1(a)(5); or (C) other amounts or benefits that are not subject to the requirements of Section 409A.

 

(ii) For
purposes of this Agreement, all references to “termination of employment” and correlative phrases shall be construed to require
a “separation from service” (as defined in Section 1.409A-1(h) of the Treasury regulations after giving effect to the
presumptions contained therein), and the term “specified employee” means an individual determined by the Company to be a specified
employee under Treasury regulation Section 1.409A-1(i).

 

(iii) Each
payment made under this Agreement shall be treated as a separate payment and the right to a series of installment payments under this
Agreement is to be treated as a right to a series of separate payments.

 

(iv) Any
reimbursement for expenses that would constitute nonqualified deferred compensation subject to Section 409A shall be subject to the
following additional rules: (i) no reimbursement of any such expense shall affect the Executive’s right to reimbursement of
any such expense in any other taxable year; (ii) reimbursement of the expense shall be made, if at all, promptly, but not later than
the end of the calendar year following the calendar year in which the expense was incurred; and (iii) the right to reimbursement
shall not be subject to liquidation or exchange for any other benefit.

 

(v) In
the event any severance payment constitutes non-qualified deferred compensation pursuant to Section 409A, and the period for reviewing
the release of claims and revoking it spans two calendar years, the Severance Payments will not be made or commence until the second calendar
year.

 

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(vi) In
no event shall the Company have any liability relating to the failure or alleged failure of any payment or benefit under this Agreement
to comply with, or be exempt from, the requirements of Section 409A.

 

(h) Exclusive
Right to Severance. The Executive agrees that the Severance Benefits to be provided to the Executive in accordance with the terms
and conditions set forth in this Agreement (together with any rights under any applicable equity incentive plans or other written agreements
between the Executive, on the one hand, and the Company or its Affiliate(s), on the other hand) are intended to be exclusive. The Executive
hereby knowingly and voluntarily waives any right the Executive might otherwise have to participate in or receive benefits under any other
plan, program or policy of the Company providing for severance or termination pay or benefits (other than any rights under any applicable
equity incentive plans or other written agreements between the Executive, on the one hand, and the Company or its Affiliate(s), on the
other hand). The Executive also agrees that the Severance Benefits shall be reduced by any other payments or benefits to which the Executive
is entitled under applicable law as a result of termination of the Executive’s employment, including without limitation any federal,
state or local law with respect to plant closings, mass layoffs or group benefit plan continuation following termination or the like,
exclusive only of any right to unemployment insurance benefits to which the Executive may be entitled under applicable law; provided,
however, that in no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation
of the amounts payable to the Executive under any of the provisions of this Agreement and except as provided in Section 5(d)(ii),
any amounts payable pursuant to this Section 5 shall not be reduced by compensation the Executive earns on account of employment
with another employer.

 

6. Effect
of Termination. The provisions of this Section 6 shall apply to any termination of the Executive’s employment under
this Agreement, whether pursuant to Section 5 or otherwise.

 

(a) Provision
by the Company of Final Compensation and Severance Benefits, if any, to which the Executive is entitled, in each case under the applicable
termination provision of Section 5, shall constitute the entire obligation of the Company to the Executive pursuant to this
Agreement. The Executive shall promptly give the Company notice of all facts necessary for the Company to determine the amount and duration
of its obligations in connection with any termination pursuant to Section 5 hereof.

 

(b) Except
for any right of the Executive to continue medical and dental plan participation in accordance with applicable law and Section 5(d),
the Executive’s participation in all Employee Benefit Plans shall terminate pursuant to the terms of the applicable plan documents
based on the date of termination of the Executive’s employment, other than any Base Salary payable during any period of notice waived
by the Company pursuant to Section 5(f) or any Severance Benefits or other payment made to or on behalf of the Executive following
such date of termination.

 

(c) Provisions
of this Agreement shall survive any termination of the Executive’s employment if so provided herein or if necessary or desirable
fully to accomplish the purposes of other surviving provisions, including without limitation the obligations of the Executive under Sections 7,
8 and 9 hereof. The obligation of the Company to provide Severance Benefits hereunder, and the Executive’s right to
retain such payments, is expressly conditioned on the Executive’s continued full performance in accordance with Sections 7,
8 and 9 hereof. The Executive recognizes that, except as expressly provided in Section 5(d), or with respect
to Base Salary paid for notice waived pursuant to Section 5(f) hereof, no compensation is earned after termination of employment.

 

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7. Confidential
Information.

 

(a) The
Executive acknowledges that the Company and its Affiliates and Affiliated Physician Practices continually develop Confidential Information,
that the Executive has developed and may continue to develop Confidential Information for the Company, its Affiliates and its Affiliated
Physician Practices and that the Executive has learned of and may continue to learn of Confidential Information during the course of employment.
The Executive agrees that all Confidential Information which the Executive created or creates or to which the Executive has had access
or has access as a result of the Executive’s employment or other associations with the Company or any of its Affiliates or Affiliated
Physician Practices is and shall remain the sole and exclusive property of the Company or its Affiliates or Affiliated Physician Practices,
as applicable. The Executive shall comply with the policies and procedures of the Company, its Affiliates and Affiliated Physician Practices
for protecting Confidential Information and shall never disclose to any Person (except as required by applicable law or for the proper
performance of the Executive’s duties and responsibilities to the Company and its Affiliates and Affiliated Physician Practices),
or use for the Executive’s own benefit or gain or the benefit or gain of any other Person, any Confidential Information obtained
by the Executive incident to the Executive’s employment or any other association with the Company or any of its Affiliates or Affiliated
Physician Practices. The Executive understands that this restriction shall continue to apply after the Executive’s employment terminates,
regardless of the reason for such termination. Further, the Executive agrees to furnish prompt notice to the Company of any required disclosure
of Confidential Information sought pursuant to subpoena, court order or any other legal process or requirement, and agrees to provide
the Company a reasonable opportunity to seek protection of the Confidential Information prior to any such disclosure.

 

(b) All
documents, records, tapes and other media of every kind and description relating to the business, present or otherwise, of the Company
or any of its Affiliates or Affiliated Physician Practices and any copies or derivatives (including, without limitation, electronic),
in whole or in part, thereof (the “Documents”), whether or not prepared by the Executive, shall be the sole and exclusive
property of the Company and its Affiliates and Affiliated Physician Practices. Except as required for the proper performance of the Executive’s
regular duties for the Company or as expressly authorized in writing in advance by the Board or its expressly authorized designee, the
Executive will not copy any Documents or remove any Documents or copies or derivatives thereof from the premises of the Company. The Executive
shall safeguard all Documents and shall surrender to the Company at the time the Executive’s employment terminates, and at such
earlier time or times as the Board or its designee may specify, all Documents and other property of the Company or any of its Affiliates
or Affiliated Physician Practices and all documents, records and files of the customers and other Persons with whom the Company or any
of its Affiliates or Affiliated Physician Practices does business (“Third Party Documents” and, each individually,
a “Third Party Document”) then in the Executive’s possession or control; provided, however, that if a
Document or Third-Party Document is on electronic media, the Executive may, in lieu of surrendering the Document or Third-Party Document,
provide a copy to the Company on electronic media and delete and overwrite all other electronic media copies thereof. The Executive also
agrees that, upon request of any duly authorized officer of the Company, the Executive shall disclose all passwords and passcodes necessary
or desirable to enable the Company or any of its Affiliates or the Persons with whom the Company or any of its Affiliates or Affiliated
Physician Practices do business to obtain access to the Documents and Third-Party Documents.

 

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(c) Pursuant
to the Defend Trade Secrets Act of 2016, the Executive is notified that the Executive will not be held criminally or civilly liable under
any federal or state trade secret law for the disclosure of a trade secret that is made: (i) in confidence to a federal, state, or
local government official, either directly or indirectly, or to an attorney, and solely for the purpose of reporting or investigating
a suspected violation of law; or (ii) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is
made under seal. The Executive is also notified that, in a lawsuit alleging retaliation by an employer for reporting a suspected violation
of law, an individual may disclose the employer’s trade secrets to the individual’s attorney and use the trade secret information
in the court proceeding if the individual files any document containing the trade secret under seal and does not disclose the trade secret,
except pursuant to court order.

 

8. Assignment
of Rights to Intellectual Property. The Executive shall promptly and fully disclose all Intellectual Property to the Company. The
Executive hereby assigns and agrees to assign to the Company (or as otherwise directed by the Company) the Executive’s full right,
title and interest in and to all Intellectual Property. The Executive agrees to, at the Company’s cost and expense, execute any
and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including, without
limitation, the execution and delivery of instruments of further assurance or confirmation) reasonably requested by the Company to assign
the Intellectual Property to the Company and to permit the Company to enforce any patents, copyrights or other proprietary rights to the
Intellectual Property. All copyrightable works that the Executive creates shall be considered “work made for hire” and shall,
upon creation, be owned exclusively by the Company.

 

9. Restricted
Activities. The Executive agrees that some restrictions on the Executive’s activities during and after the Executive’s
employment are necessary to protect the goodwill, Confidential Information and other legitimate interests of the Company and its Affiliates.
Therefore, in consideration of the Executive’s ongoing employment with the Company, the rights, benefits and other consideration
the Executive will be granted pursuant to this Agreement, and for other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged:

 

(a) While
the Executive is employed by the Company and for a period of twelve (12) months after the Executive’s employment terminates,
regardless of the basis or timing of that termination (the “Non-Competition Period”), the Executive shall not, directly
or indirectly, whether as owner, partner, investor, consultant, agent, employee, co-venturer or otherwise, compete with, or otherwise
assist with any competitor of (as of such date of the Executive’s termination), the Company or any of its Affiliates or undertake
any planning for any business competitive with the Company or any of its Affiliates (as conducted by the Company or its Affiliates as
of the date of the Executive’s termination) within (i) the State of Texas, (ii) the State of California, (iii) the
State of New York, (iv) any other state in the United States and (v) any other geographical area where the Company
or any of its Affiliates or Affiliated Physician Practices conducts or, to the Executive’s knowledge, are actively planning to conduct
their business (the “Restricted Area”). The Executive acknowledges that the nature and scope of the Company’s
and its Affiliates’ business is national. For the purposes of this Section 9, the business of the Company and its Affiliates
shall include, without limitation, all Products and Services and the Executive’s undertaking shall encompass all items, products
and services that may be used in substitution for Products and Services. Notwithstanding the foregoing, (A) the Executive may hold
a passive ownership of two (2) percent or less of the equity securities of any publicly traded company, (B) nothing in this
Section 9 is intended or shall be construed to restrict in any way the Executive’s ability to practice medicine or Telemedicine,
and (C) nothing in this Section 9 is intended or shall be construed to restrict in any way the Executive’s ability
to provide services to any Affiliated Physician Practice.

 

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(b) The
Executive agrees that, during the Executive’s employment with the Company, the Executive will not undertake any outside activity,
whether or not competitive with the business of the Company or its Affiliates or Affiliated Physician Practices that could reasonably
give rise to a conflict of interest or otherwise interfere with any of the Executive’s duties or obligations to the Company or any
of its Affiliates, other than the Executive’s role(s), if any, in respect of any Affiliated Physician Practice.

 

(c) The
Executive agrees that, during the Executive’s employment and during the Non-Competition Period, the Executive will not directly
or indirectly (i) solicit or encourage any customer or vendor of the Company or any of its Affiliates or Affiliated Physician Practices
to terminate or diminish its relationship with the Company or any of its Affiliates or Affiliated Physician Practices; or (ii) seek
to persuade any such customer or prospective customer of the Company or any of its Affiliates or Affiliated Physician Practices to conduct
with anyone else any business or activity which such customer or prospective customer conducts or could conduct with the Company or any
of its Affiliates or Affiliated Physician Practices; provided, that these restrictions shall apply only with respect to those Persons
who are or have been a customer or vendor of the Company or any of its Affiliates or Affiliated Physician Practices at any time within
the immediately preceding two (2) year period or whose business has been solicited on behalf of the Company or any of the Affiliates
or Affiliated Physician Practices by any of their officers, employees or agents within said two (2) year period, other than by form
letter, blanket mailing or published advertisement.

 

(d) The
Executive agrees that during the Executive’s employment (excluding any activities undertaken on behalf of the Company or any of
its Affiliates in the course of the Executive’s duties) and during the Non-Competition Period, the Executive will not, and will
not assist any other Person to, (a) hire or solicit for hiring any employee of the Company or any of its Affiliates or seek to persuade
any employee of the Company or any of its Affiliates to discontinue employment or (b) solicit or encourage any independent contractor
providing services to the Company or any of its Affiliates or Affiliated Physician Practices to terminate or diminish its relationship
with the Company or any of its Affiliates or Affiliated Physician Practices.

 

10. Enforcement
of Covenants. The Executive acknowledges that the Executive has carefully read and considered all the terms and conditions of this
Agreement, including the restraints imposed upon the Executive pursuant to Sections 7, 8 and 9 hereof. The Executive
agrees without reservation that each of the restraints contained herein is necessary for the reasonable and proper protection of the goodwill,
Confidential Information and other legitimate interests of the Company and its Affiliates and Affiliated Physician Practices; that each
and every one of these restraints is reasonable in respect to subject matter, length of time and geographic area; and that these restraints,
individually or in the aggregate, will not prevent the Executive from obtaining other suitable employment during the period in which the
Executive is bound by them. The Executive further acknowledges that, were the Executive to breach any of the covenants contained in Sections 7,
8 or 9 hereof, the damage to the Company would be irreparable. The Executive therefore agrees that the Company, in addition
to any other remedies available to it, shall be entitled to apply for preliminary and permanent injunctive relief against any breach or
threatened breach by the Executive of any of said covenants, without having to post bond. The parties further agree that, in the event
that any provision of Section 7, 8 or 9 hereof shall be determined by any court of competent jurisdiction to
be unenforceable by reason of its being extended over too great a time, too large a geographic area or too great a range of activities,
such provision shall be deemed to be modified to permit its enforcement to the maximum extent permitted by law. The Executive agrees that
the Non-Competition Period shall be tolled, and shall not run, during any period of time in which the Executive is in violation of the
terms thereof, in order that the Company and its Affiliates shall have all of the agreed-upon temporal protection recited herein. No breach
of any provision of this Agreement by the Company, or any other claimed breach of contract or violation of law, or change in the nature
or scope of the Executive’s employment relationship with the Company, shall operate to extinguish the Executive’s obligation
to comply with Sections 7, 8 and 9 hereof.

 

    12

     

    

 

11. No
Conflicting Agreements. The Executive hereby represents and warrants that the execution of this Agreement and the performance the
Executive’s obligations hereunder will not breach or be in conflict with any other agreement to which the Executive is a party or
is bound and that the Executive is not now subject to any covenants against competition or similar covenants or any other obligations
to any Person or to any court order, judgment or decree that would affect the performance of the Executive’s obligations hereunder.
The Executive will not disclose to or use on behalf of the Company any proprietary information of a third party without such party’s
consent.

 

12. Definitions.
Capitalized words or phrases shall have the meanings provided in this Section 12 and as provided elsewhere herein:

 

(a) “Affiliate”
means any person or entity directly or indirectly controlling, controlled by or under common control with the Company, where control may
be by either management authority, equity interest or otherwise.

 

(b) “Affiliated
Physician Practice” means any medical practice, professional corporation, professional limited liability company, or other entity
for which the Company or an Affiliate thereof provides management services, administrative services, or both.

 

(c) “Confidential
Information” means any and all information of the Company and its Affiliates that is not generally known by the public, and
any and all information, whether or not publicly known in whole or in part, which, if disclosed to any Persons, would assist such Persons
in competing with the Company or any of its Affiliates or Affiliated Physician Practices. Confidential Information includes, without limitation,
such information relating to (i) the development, research, testing, manufacturing, marketing and financial activities of the Company
and its Affiliates, (ii) the Products and Services, (iii) the costs, sources of supply, financial performance and strategic
plans of the Company and its Affiliates and Affiliated Physician Practices, (iv) the identity and special needs of the customers
of the Company and its Affiliates and Affiliated Physician Practices (v) the people and organizations with whom the Company and its
Affiliates and Affiliated Physician Practices have business relationships and the nature and substance of those relationships, and (vi) any
other information concerning the business and affairs of the Company and/or its Affiliates or Affiliated Physician Practices that is not
generally available to the public or does not become generally available to the public other than as a result of breach of this Agreement,
including confidential techniques, know-how, financial information, copyrights, patents, trademarks, trade names, slogans, logos, designs,
service marks, computer software programs, databases (including all subscriber and potential subscriber databases), magnetic media, systems
and programs, trade secrets, business lists, customer lists, client lists, supplier lists, proposed location sites, employee personnel
files, engineering data, logs, consultants’ reports, budgets, ratings, forecasts, format strategy, financial reports and projections,
tapes and electronic data processing files, accounting journals and ledgers, accounts receivable records and sales operating, marketing,
and business plans. Confidential Information also includes any information that the Company or any of its Affiliates or Affiliated Physician
Practices have received, or may receive hereafter, belonging to customers or other Persons with any understanding, express or implied,
that the information would not be disclosed.

 

    13

     

    

 

(d) “Intellectual
Property” means inventions, discoveries, developments, methods, processes, compositions, works, concepts and ideas (whether
or not patentable or copyrightable or constituting trade secrets), and all other similar or related information conceived, made, created,
developed or reduced to practice by the Executive (whether alone or with others, whether or not during normal business hours or on or
off Company premises) during the Executive’s employment and that: (i) relate either to the Executive’s services or to
any prospective activity of the Company or any of its Affiliates, (ii) result from any work performed by the Executive for the Company
or any of its Affiliates or (iii) make use of Confidential Information or any of the equipment or facilities of the Company or any
of its Affiliates.

 

(e) “Person”
means a natural person, a corporation, a limited liability company, an association, a partnership, an estate, a trust and any other entity
or organization, other than the Company or any of its Affiliates.

 

(f) “Products
and Services” means all products planned, researched, developed, tested, manufactured, sold, licensed, leased or otherwise distributed
or put into use by the Company or any of its Affiliates, together with all services provided or planned by the Company or any of its Affiliates,
during the Executive’s employment.

 

(g) “Telemedicine”
shall mean the practice of medicine using electronic communications, information technology, or other means between a physician, nurse
practitioner and/or physician assistant in one location and a patient in another location, with or without an intervening healthcare provider.

 

13. Withholding.
All payments made by the Company under this Agreement shall be reduced by any tax or other amounts required to be withheld by the Company
under applicable law.

 

14. Assignment.
Neither the Company nor the Executive may make any assignment of this Agreement or any interest herein, by operation of law or otherwise,
without the prior written consent of the other; provided, however, that the Company may assign its rights and obligations under
this Agreement without the consent of the Executive in the event that the Company shall hereafter effect a reorganization, consolidate
with, or merge into, an Affiliate or any other Person or transfer all or substantially all of its properties, stock, or assets to an Affiliate
or any other Person. This Agreement shall inure to the benefit of and be binding upon the Company and the Executive, and their respective
successors, executors, administrators, heirs and permitted assigns.

 

15. Severability.
If any portion or provision of this Agreement shall to any extent be declared illegal or unenforceable by a court of competent jurisdiction,
then the remainder of this Agreement, or the application of such portion or provision in circumstances other than those as to which it
is so declared illegal or unenforceable, shall not be affected thereby, and each portion and provision of this Agreement shall be valid
and enforceable to the fullest extent permitted by law.

 

    14

     

    

 

16. Waiver.
No waiver of any provision hereof shall be effective unless made in writing and signed by the waiving party. The failure of either party
to require the performance of any term or obligation of this Agreement, or the waiver by either party of any breach of this Agreement,
shall not prevent any subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach.

 

17. Notices.
Any and all notices, requests, demands and other communications provided for by this Agreement shall be in writing and shall be effective
when delivered in person, consigned to a reputable national courier service or deposited in the United States mail, postage prepaid, registered
or certified, and addressed to the Executive at the Executive’s last known address on the books of the Company or, in the case of
the Company, at its principal place of business, attention of the Chief Executive Officer, or to such other address as either party may
specify by notice to the other actually received.

 

18. Entire
Agreement. This Agreement, together with the Equity Award Agreement, constitutes the entire agreement between the parties and supersedes
and terminates all prior communications, agreements and understandings, written or oral, with respect to the terms and conditions of the
Executive’s employment with the Company; provided, however, that this Agreement shall not supersede any effective assignment
of any invention or other intellectual property to the Company or any of its Affiliates in effect on the Effective Date and shall not
constitute a waiver by the Company or any of its Affiliates of any right that any of them now has or may now have under any agreement
imposing obligations on the Executive with respect to confidentiality, non-competition, non-solicitation of employees, customers or independent
contractors or like obligations, of the Executive’s obligations with respect to the securities of the Company or its Affiliates,
and/or of any outstanding loans to the Executive from the Company or any of its Affiliates or any of their Employee Benefit Plans, all
of which shall remain in full force and effect in accordance with their terms. For the avoidance of doubt, this Agreement expressly
supersedes the terms of that certain Employment Agreement, by and between the Company and the Executive, dated as of August 1, 2017
(the “Initial Employment Agreement”). The parties agree that the Initial Employment Agreement is hereby terminated
and of no further force or effect, and no further interest, right or obligation thereunder will arise following the Effective Date. UPON
THE EXECUTION OF THIS AGREEMENT, THE EXECUTIVE IRREVOCABLY, ABSOLUTELY AND UNCONDITIONALLY RELEASES AND FOREVER DISCHARGES THE COMPANY
AND ITS AFFILIATES, AND THEIR RESPECTIVE SUCCESSORS, ASSIGNS, PARENTS, OFFICERS, MANAGERS, DIRECTORS, MEMBERS, EMPLOYEES AND AGENTS FROM
ANY AND ALL CLAIMS, DEMANDS, OBLIGATIONS, CAUSES OF ACTIONS, RIGHTS, DAMAGES, COSTS, EXPENSES AND COMPENSATION OF ANY NATURE WHATSOEVER,
KNOWN OR UNKNOWN, WHETHER BASED IN TORT, CONTRACT OR OTHER THEORY OF RECOVERY, ARISING OUT OF, BASED UPON, OR RELATING TO THE INITIAL
EMPLOYMENT AGREEMENT.

 

19. Amendment.
This Agreement may be amended or modified only by a written instrument signed by the Executive and by an expressly authorized representative
of the Company.

 

20. Headings.
The headings and captions in this Agreement are for convenience only and in no way define or describe the scope or content of any provision
of this Agreement.

 

21. Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute
one and the same instrument.

 

22. Governing
Law. This is a Texas contract and shall be construed and enforced under and be governed in all respects by the laws of the State of
Texas, without regard to the conflict of laws principles thereof. In the event of any alleged breach or threatened breach of this Agreement,
the Executive hereby consents and submits to the jurisdiction of the federal and state courts in and of the State of Texas.

 

    15

     

    

 

IN WITNESS WHEREOF, this Agreement
has been executed as a sealed instrument by the Company, by its duly authorized representative, and by the Executive, as of the Effective
Date.

 

	THE EXECUTIVE:	THE COMPANY:
	/s/ David Mikula	By:	/s/ Chris Gallagher, MD
	David Mikala	Printed Name: Chris Gallagher, MD
	 	Title:	CEOExhibit 10.2

 

	 	 	 
	 	 	 
	 	SERVICE CONTRACT	 
	 	 	 
	 	 	 

  

	Between	African
                                            Agriculture Inc. (“The Client”)

	 	445 Park Avenue, 9th Floor

	 	New York, NY 10022, USA

	 	86-3812100

	 	Represented by Alan Kessler, CEO

	 	 
	And

	FGM
                                            International (“The Contractor”)

	 	1 avenue Gustave Eiffel

	 	17400 Saint Jean d’Angély

	 	France

	 	Registered
                                                       539 702 555 RCS of Saintes

	 	Represented by Jean-Louis Forgeard-Grignon, Presidency

 

Hereinafter
collectively referred as “The Parties”.

 

JULY
2021

 

Preamble

 

African
Agriculture Inc. is developing a 25 000 ha project in St Louis region, Senegal. The company is planning to grow, in its first year,
10 pivots of 50 ha as a pilot farm of alfalfa with the target to increase the production area during the second year to reach 10 000
ha. The current contract aims at assessing project parameters and providing independent advise to secure the first year of alfalfa
production. A complimentary long-term technical assistance service with on-site presence may be contacted by the Parties after the
performance of the said assessment.

 

    

     

    

 

	1.	Subject
                                            of the contract

	 	 
	1.1. 	Providing
                                            a assessment of the agronomic potential of the selected area for the development of the project
                                            and the growing of alfalfa referred as “The Service”.

	 	 
	2. 	Definition

	 	 
	2.1. 	The
                                            expressions “The Client”, “The Contractor”, “The
                                            Parties” and “The service” shall have the meaning here before
                                            ascribed.

	 	 
	2.2. 	“In
                                            writing” shall include any communication sent by letter by or e-mail to the representatives
                                            of both parties and “written” shall be construed accordingly.

	 	 
	2.3. 	“Site
                                            mission” refers to the part of The Service that is performed outside France.

	 	 
	2.4. 	For
                                            the purpose of this agreement, “Confidential, Information” shall mean
                                            any and all information, whether or not expressly marked confidential, belonging to a party
                                            and disclosed the other party.

	 	 
	3. 	Priority
                                            and variation

	 	 
	3.1.	The terms of
                                            agreement between the Parties are contained solely in this service contract and all previous
                                            undertakings and agreements written or otherwise between the parties relating to the Services
                                            hereof are hereby cancelled and declared no effect.

	 	 
	3.2. 	Any variation of this
                                                                  contract shall not be made without a written agreement through an addendum signed by The Parties.

	 	 
	4.	General
                                            conditions

	 	 
	4.1. 	This contract
                                            is written in English, which is the authentic language for all matters relating to the meaning
                                            or interpretation of this contract.

	 	 
	4.2. 	All measurements
                                            and calculations shall be in the metric system, which is the authentic system of measurement
                                            for all matters relating to the performance of The Service. Any other measurement system is
                                            purely indicative.

	 	 
	4.3.	The law applicable in
                                                                  France shall govern this contract, its meanings and interpretation, and the relation established between the parties.

	 	 
	4.4.	For the execution
                                            of this contract, the representatives designated by both parties are:

 

		●	For
                                            The Contractor: Nicolas Forgeard-Grignon, Deputy CEO,

	 	 	 
	 	● 	For
                                            The Client: Javier Orellana, COO.

 

	4.5. 	Each representative
                                            may give a written delegation to a person of his choice to represent him for the execution
                                            of this contract. This delegation will require approval by The Parties.

	 	 
	5.	Scope
                                            of service

	 	 
	5.1. 	Activity
                                            1, collection and analysis of available data prior to on-site mobilisation  : site location,
                                            climatic data, soil quality analysis, list of available infrastructure an equipment, field
                                            map and human resources.

	 	 
	5.2.	Activity
                                            2, definition of technical plans

 

	 	●	Crop
                                            husbandry for Alfalfa production from soil preparation to storage: rotation plan, selection
                                            of seed and inputs, irrigation, list of activities to be planned,

	 	 	 
	 	●	Equipment requirement
                                            and specifications: listing and enumeration of the necessary equipment and technical specifications,

	 	 	 
	 	●	Bales pads
                                            organization for production storage,

	 	 	 
	 	●	HR; organizational
                                            chart, stall list and job description for key positions,

 

	5.3	Activity
                                            3, site inspection and finalization of technical plans in Senegal with the Client

 

	 	●	Assessment
                                            of the alfalfa adaptability with the natural conditions, estimates of yield potential,

 

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	 	●	Overview
                                            of the overall soil quality, requirements for soil preparation and irrigation monitoring,

	 	 	 
	 	●	Assessment
                                                                                       of water requirements and availability,

	 	 	 
	 	●	Review
                                                                                       of available equipment set and status, infrastructure functionality,

	 	 	 
	 	●	Evaluation
                                                                                       of the potential availability of local human resources for the project and capacities,

	 	 	 
	 	●	Collection
                                            of additional technical and economic data as required,

	 	 	 
	 	●	Confirmation
                                            of crop husbandry plan and equipment list,

	 	 	 
	 	●	Advise
                                            on the management organization for improving overall efficiency,

	 	 	 
	 	●	Review
                                                                                       and validation of the modalities for on-site technial assistance during the season,

 

	6.	Inputs

	 	 
	6.1.	The Contractor
                                            will mobilize the human resources herein for performance of The Service:

 

	 	●	HQ
                                            expertise,

	 	 	 
	 	●	On-site
                                                                                       mission and related expertise,

  

	6.2.	The
                                            Contractor will mobilize the logistic and technical resources herein for performance of The
                                            Service:

 

	 	●	Round-trip
                                            Paris (France) / Dakar (Sénégal)

 

	6.3.	For
                                            the avoidance of doubt, the Parties acknowledge and agree that the inputs set out in above
                                            clause 6 are included in the Contract Price.

	 	 
	7.	Deliverables

	 	 
	7.1.	Technical plans
                                            report: crop husbandry plan, equipment list, HR list, payroll and job descriptions.

	 	 
	7.2.	Site inspection
                                            report.

	 	 
	8.	Place
                                            of delivery

	 	 
	8.1.	France and
                                            Sénégal.

	 	 
	9.	Entry
                                            into force, duration and Suspension

	 	 
	9.1.	This contract
                                            shall enter into force upon to the signature of this engagement by The Parties and receipt
                                            of the advance payment and latest on July 20, 2021.

	 	 
	9.2.	The contract
                                            shall remain in full force and effect until the completion of the Services.

	 	 
	9.3.	Services will
                                            begin within a maximum of ten (10) days after signature and reception of first payment as
                                            decribed in Clause 18.

	 	 
	9.4.	The total duration
                                            of the period for delivering The Service is 1.5 months for organizational purposes from receiving
                                            first payment.

	 	 
	9.5.	The Contractor
                                            reserves the right to suspend the contract should he considers that all required conditions
                                            of security and safety for the proper completion of The Services are not met or if the Contractor’s
                                            team health and safety is endangered during the delivery of Services.

	 	 
	10.	Termination
                                            by The Client

	 	 
	10.1.	The Client
                                            may terminate the Contract after giving thirty (30) days written notice to the Contractor
                                            in any of the following cases:

 

	 	●	If,
                                            as a result of force majeure, the Contractor is unable to perform a substantial part of the
                                            services for a period of at least thirty (30) days,

	 	 	 
	 	●	If the Contractor
                                            does not fulfill one or more of its obligations as described in Clause 14,

 

	10.2.	Termination
                                            will be effective if the Contractor fails to remedy within the notice period.

	 	 
	10.3.	The payment
                                            of The Services remains due pro rata temporis. Advance payment is not refundable. No other
                                            penalties are applicable.

 

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	11.	Termination
                                            by the Contractor

	 	 
	11.1.	The
                                            Contractor may terminate the Contract after giving a thirty (30) days written notice to the
                                            Client in any of the following cases:

 

	 	●	If,
                                            as a result of force majeure, the Contractor is unable to perform a substantial part of The
                                            Service for a period of at least thirty (30) days,

	 	 	 
	 	●	If
                                            the Client does not fulfill one or more of its obligations as described in Clause 13,

 

	11.2.	The
                                            contractor may terminate the Contract without notice if the Client does not pay the amounts
                                            due to the Contractor within fifteen (15) days after the date the payment is due according
                                            to Clause 18.1.

	 	 
	11.3.	The
payment of The Services remains due pro rata temporis. Advance payment is not refundable. No other penalties are applicable.

	 	 
	12.	Force
                                            Majeure

	 	 
	12.1.	For
                                            the purpose of this contract, force majeure means any event beyond the control of a Party
                                            and which makes impossible a Party to perform its obligations.

	 	 
	13.	Obligations
                                            of The Client

	 	 
	13.1.	The
                                            Client certifies that no agreement has been concluded with any other company for delivering
                                            similar services during the contract period.

	 	 
	13.2.	The
                                            Client shall not solicit nor recruit any individual that has been employed or sub-contracted
                                            by The Contractor for the performance of The Service. This clause is effective upon the signature
                                            of the present contract by The Parties and remains valid until (a) a written agreement of
                                            The Contractor or (b) two (2) years after the completion of The Service.

	 	 
	13.3.	The
                                            Client is responsible for ensuring the security and personal safety of The Contractor’s staff
                                            during site missions.

	 	 
	13.4.	A
                                            Client representative will accompany the experts of the Contractor during site missions.

	 	 
	13.5.	The
                                            Client will provide the Contractor with invitation letters in order to request travel visa
                                            from the relevant Embassy in Paris for the Contractor’s experts involved in site mission.

	 	 
	13.6.	The
                                            Client will bear costs of accommodation, organize airport pickup and provide a 4-wheel drive
                                            car with driver for the Contractor’s experts during site mission.

	 	 
	14.	Obligations
                                            of The Contractor

	 	 
	14.1.	The
                                            Contractor will be responsible for the organization, supervision and the delivery of The
                                            Service.

	 	 
	14.2.	The
                                            contractor remains bound by its contractual obligations and is solely responsible for the
                                            performance of this contract.

	 	 
	14.3.	The
                                            Contractor will endeavor to provide at all times the best independent advisory, according
                                            to highest accepted standards and will advise immediately The Client of any fact brought
                                            to his knowledge that may affect the interest of the latter.

	 	 
	14.4.	The
                                            Contractor will prevent himself and his experts at all times from entering into any conflict
                                            of interest with suppliers or other service providers.

	 	 
	14.5.	The
                                            Contractor will ensure at all times that its experts are abiding with all rules and laws applicable
                                            in the country of the site mission.

	 	 
	15.	Confidentiality

	 	 
	15.1.	The
                                            parties shall keep confidential and shall not disclose to any third party, nor use for any
                                            purpose except for the purposes of this Contract, any Confidential Information. The Parties
                                            acknowledges and agrees that any unauthorized disclosure or use of the Confidential Information,
                                            may cause damage to the other party, which may not be adequately compensated by monetary damages.
                                            In the event of any such unauthorized disclosure or use of the Confidential Information,
                                            the aggrieved party may seek any temporary or permanent injunctive relief or any other relief
                                            necessary to prevent such disclosure or use, or threat of disclosure or use.

	 	 
	15.2.	Upon the termination or expiration
                                                                                                              of this Contract or upon the request of the Client, the Contractor shall promptly return to the Client all Confidential Information
                                                                                                              of the Client which are in the custody of the Contractor. Electronic documents shall be deleted.

 

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	15.3.	The confidentiality obligations set out in this clause shall continue for a period of two (2) years
                                                                                                                          after the termination of this Contract.

	 	 
	16.	Insurance

	 	 
	16.1.	The Contractor warrants that it is covered by professional liability insurance for damage caused by its experts to the Client in
                                                                                                              the provision of its services and for a maximum amount equivalent to the amount of this contract.

	 	 
	17.	Contract
                                            Price

	 	 
	17.1.	The
                                            total price for services described in Article 5 is amounting to 14 500 € (fourteen
                                            thousand five hundred euros) net payable to the Contractor.

	 	 
	17.2.	The agreed price is free of any banking charges, taxes, levies or fees that may apply and are sole responsibility of the
                                                                                                              Client.

	 	 
	18.	Payment
                                            conditions

	 	 
	18.1.	Payments will be made within 15 days upon presentation of relevant: Contractor’s invoice established as follows:

 

	 	●	First
                                            payment (50% of the total amount) of 7 250 € (seven thousand two hundred
                                            fifty euros) upon the signature of the contract, prior to mobilization,

	 	 	 
	 	●	Final
                                            payment (50% of the total amount) of 7 250 € (seven thousand two hundred
                                            fifty euros) upon delivery of site inspection report,

 

	18.2.	Payments
                                            will be made to the account of FGM International at its bank in France. Banking information
                                            will be provided with the invoice.

	 	 
	18.3.	If any invoiced amount is not received by the Client by the due date, then without limiting Client’s rights or remedies, those
                                                                                                              charges may generate default interest at the rate of 8% of the outstanding balance per year or the maximum rate permitted by law,
                                                                                                              whichever is lower.

	 	 
	19.	Settlement
                                            of disputes

	 	 
	19.1.	All disputes concerning the existence, validity, interpretation and execution of this contract which cannot be settled amicably,
                                                                                                              shall be submitted to arbitration in accordance with the ICC (International Chamber of Commerce, Paris).

	 	 
	20.	Ownership
                                            and reference

	 	 
	20.1.	All written document provided by the Contractor remains the exclusive property of the Contractor until the complete payment of The
Service.

	 	 
	20.2.	Written output provided by the Contractor can not be sold to any third party without the written agreement of the Contractor.

	 	 
	20.3.	The Contractor is allowed to disclose the scope of service and place of delivery of the present
                                                                                                              assignment as a project reference.

	 	 
	20.4.	The Contractor is allowed to disclose The Client name as a client reference.

 

Date: 14th July 2021

 

 

 

	For the Client

	 	For the Contractor

		 	
	 	 	 
	Javier Orellana, COO

	 	Jean-Louis Forgeard-Grignon, President

 

    5

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