Document:

ex103.htm

AGREEMENT TO SERVE AS CHAIRMAN OF THE BOARD

 

	
AGREEMENT TO SERVE AS CHAIRMAN OF THE BOARD (“Agreement”), entered into and effective as of May 15, 2016 between Kelvin Medical, Inc. ("Company"), and Margaret Austin, PhD (“Austin”).

 

1. Services, Duties and Acceptance

 

1.1 Company hereby engages Dr. Austin for the Term (as defined in Section 2 hereof) to act as Chairman of the Board and to devote her best efforts to the affairs of the Company and to perform such duties as Dr. Austin is required to fulfill her role as Chairman of the Board.

 

1.2 Dr. Austin hereby accepts such contract for services and agrees to render such services as described herein. During the term of her contract, Dr. Austin will not render any services for others that will, or potentially could, conflict with the business of the Company, nor will Dr. Austin conduct any business or for Dr. Austin's own account, which could conflict with the business of the Company, nor will Dr. Austin render any services to any supplier or significant customer of Company outside of the duties expressed herein.

 

1.3 Dr. Austin’s duties includes some, but not all, of the following:  Dr. Austin shall act as Chairman of the Board of Directors of the Company and will oversee all Board Meetings and review all corporate documents, contracts and filings as required by the Company’s management.  Further Dr. Austin may be required to travel from time to time as is necessary, and undertake any other duty required of Dr. Austin to insure that the Company runs smoothly.

 

2. Term of Agreement

 

2.1 The term of Dr. Austin's contract for services pursuant to this Agreement (the "Term") shall begin on May 15, 2016, and shall be for a term of twelve months, which may be renewable for six months, upon mutual agreement.

 

Compensation

 

3.1 As compensation for all services rendered pursuant to this Agreement, Company shall issue Dr. Austin a signing bonus of 30,000,000 shares of the Company’s Common Stock.

 

3.2 Company shall pay or reimburse Dr. Austin for all necessary and reasonable expenses incurred or paid by Manager in connection with the performance of services under this Agreement upon presentation of expense statements or vouchers or such other supporting information as it from time to time requests evidencing the nature of such expense, and, if appropriate, the payment thereof by Dr. Austin, and otherwise in accordance with Company procedures from time to time in effect. Dr. Austin shall request authorization from the Board for expenses over $500.00.

 

4. Protection of Confidential Information

 

4.1 In view of the fact that Dr. Austin's work as Chairman of the Board of Directors of Company will bring Dr. Austin into close contact with many confidential affairs of the Company and its affiliates, including matters of a business nature, such as information about costs, profits, markets, sales, and any other information not readily available to the public, and plans for future developments, Dr. Austin agrees:

 

4.1.1 To keep secret all confidential matters of Company and its affiliates and not to disclose them to anyone outside of Company, either during or after Dr. Austin's service with the Company, except with the Company's written consent; and

 

4.1.2 To deliver promptly to the Company on termination of Austin's service by the Company, or at any time the Company may so request, all memoranda, notes, records, reports, and other documents (and all copies thereof) relating to the Company's and its affiliates' businesses which Dr. Austin may then possess or have under Dr. Austin's control.

 

 

  

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5. Notices:

 

5.1 All notices, requests, consents and other communications required or permitted to be given hereunder shall be in writing and shall be deemed to have been duly given if delivered personally or sent by prepaid telegram, or mailed first-class, postage prepaid, as follows:

 

To Dr. Austin:

Margaret Austin

10930 Skyranch Place

Nevada City, CA 95959

 

To Company:

 

Kelvin Medical Inc.

10930 Skyranch Place

Nevada City, CA 95959

 

or as such other addresses as either party may specify by written notice to the other as provided in this Section 7.1.

	  

	
6. General

 

6.1 It is acknowledged that the rights of Company under this Agreement are of a special, unique, and intellectual character which gives them a peculiar value, and that a breach of any provision of this Agreement (particularly, but not limited to, the exclusivity provisions hereof and the provisions of Article 5 hereof), will cause the Company irreparable injury and damage which cannot be reasonably or adequately compensated in damages in an action at law. Accordingly, without limiting any right or remedy which the Company may have in the premises, Dr. Austin specifically agrees that Company shall be entitled to seek injunctive relief to enforce and protect its rights under this Agreement.

 

6.2 This Agreement sets forth the entire agreement and understanding of the parties hereto, and supersedes all prior agreements, arrangements, and understandings. Nothing herein contained shall be construed so as to require the commission of any act contrary to law and wherever there is any conflict between any provision of this Agreement and any present or future statute, law, ordinance or regulation, the latter shall prevail, but in such event the provision of this Agreement affected shall be curtailed and limited only to the extent necessary to bring it within legal requirements. Without limiting the generality of the foregoing, in the event that any compensation or other monies payable hereunder shall be in excess of the amount permitted by any such statute, law, ordinance, or regulation, payment of the maximum amount allowed thereby shall constitute full compliance by Company with the payment requirements of this Agreement.

 

6.3 No representation, promise, or inducement has been made by either party that is not embodied in this Agreement, and neither party shall be bound by or liable for any alleged representation, promise, or inducement not so set forth. The section headings contained herein are for reference purposes only and shall not in any way affect the meaning or interpretation of this Agreement.

  

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6.4 This Agreement may be amended, modified, superseded, cancelled, renewed or extended, and the terms or covenants hereof may be waived, only by a written instrument executed by both of the parties hereto, or in the case of a waiver, by the party waiving compliance. The failure of either party at any time or times to require performance of any provisions hereof shall in no manner affect the right at a later time to enforce the same. No waiver by either party of the breach of any term or covenant contained in this Agreement, whether by conduct or otherwise, in any one or more instances, shall be deemed to be, or construed as, a further or continuing waiver of any such breach, or a waiver of the breach of any other term or covenant contained in this Agreement.

 

 

6.5 This Agreement shall be governed by and construed according to the laws of the State of Nevada applicable to agreements to be wholly performed therein.

 

 

IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the date first above written.

	  

Kelvin Medical Inc.

/s/William Mandel

_________________________________

By:  William Mandel, President

Margaret V. Austin, PhD

/s/Margaret Austin 

___________________________________

By: Margaret Austin, PhD

Date: May 15, 2016

 

  

3ex104.htm

CONSULTING AGREEMENT

 

THIS CONSULTING AGREEMENT (“Agreement”) is entered into this 1st day of June 2016, by and between Kelvin Medical, Inc., a corporation organized under the laws of the State of Nevada, whose address is, 10930 Skyranch Place, Nevada City, California 95959 (hereinafter referred to as the "Company"), and S-1 Services LLC, a Michigan limited liability corporation whose address is 825 Harcourt Rd., Grosse Pointe Park, Michigan 48230 (hereinafter referred to as the "Consultant”).

 

WHEREAS, the Consultant is in the business of assisting private companies in the process of going public and getting listed on the OTC Markets through the Form S-1 Registration Process; and

 

WHEREAS, the Company recognizes that the Consultant is in the business of offering assistance to private companies who wish to become a publicly trading company, and is not in the business of stock brokerage, investment advice, activities which require registration under either the Securities Act of 1933 (hereinafter "the Act") or the Securities and Exchange Act of 1934 (hereinafter "the Exchange Act"), underwriting or banking, and is not an insurance Company, nor will it offer services to the Company which may require regulation under federal or state securities laws; and

 

WHEREAS, the parties agree, after having a complete understanding of the services desired, and the services to be provided, that the Company desires to retain Consultant to provide such assistance through its services for the Company, and the Consultant is willing to provide such services to the Company;

 

NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

1. DUTIES AND INVOLVEMENT.

1.1 Services of Consultant.  The Company hereby engages Consultant to provide the following:

 

	
1)  

	
Prepare Contract for Services;

	
2)  

	
Engage Project Manager to work closely with Consultant to maneuver through the process of taking a private company public;

	
3)  

	
In cooperation with the Project Manager, Interview Management of Private Company and review Business plan;

	
4)  

	
In cooperation with the Project Manager, Prepare Draft Form S-1 Registration Statement;

	
5)  

	
In cooperation with the Project Manager and third parties listed below, complete the process of the Form S-1 Registration Statements from comments to effectiveness;

	
6)  

	
Engage Securities Counsel to represent Private Company;

	
7)  

	
The Project Manager, in cooperation with Consultant, will engage the following:

	
1)  

	
Accountant to prepare Financial Statements for S1

	
2)  

	
Engage Auditor to prepare Audited Financials for S1

	
3)  

	
Engage Market Maker to file Form 15c211 with FINRA

	
8)  

	
In cooperation with the Project Manager, Consultant will file an application with DTC to obtain DTC Eligibility; and

	
9)  

	
Deliver to Private Company an Effective S-1 Registration Statement, a Completed and accepted 15c2-11 with FINRA, a trading symbol and listing on the OTC Markets.

 

 

  

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1.2 Duties of Company.  The Company hereby agrees to provide the following:

 

	
1)  

	
Present to Consultant a Private Company that desires to go public;

	
2)  

	
Present the Business Plan of Private Company;

	
3)  

	
Present Private Company’s 2 year audited financials within 5 business days of execution of this agreement or;

	
(A)  

	
In conjunction with the Consultant, create a new Private Company, with the Assets of existing Private Company, within 10 business days of the execution of this Agreement

	
4)  

	
The Private Company will have at least a sole Director and at least one Officer, assets and revenues;

	
5)  

	
The Private Company will secure shareholders required to take the Company to the Market with the 15c211 Filing;

	
6)  

	
 The Private Company will define the Cap Table (Share Structure) within 5 business days of execution of this agreement;

	
7)  

	
The Private Company will respond to all requests for information within 72 hours, with complete and supported answers, to all inquiries from Consultant;

	
8)  

	
The Private Company will respond to Accountant, Auditor and Consultants requests for information within 72 hours, with a complete and supported answer;

	
9)  

	
 Once the Company is public, it will maintain current SEC filing and listing requirements; and

	
10)  

	
The Company will attest that none of its officers and/or directors are currently, or have been, under investigation by any governmental regulatory agency

2. RELATIONSHIP AMONG THE PARTIES.

Consultant acknowledges that it is not an officer, director or agent of the Company, it is not, and will not, be responsible for any management decisions on behalf of the Company, and may not commit the Company to any action. The Company represents that the Consultant does not have, through stock ownership or otherwise, the power neither to control the Company, nor to exercise any dominating influences over its management.

 

Consultant understands and acknowledges that this Agreement shall not create or imply any agency relationship among the parties, and Consultant will not commit the Company in any manner except when a commitment has been specifically authorized in writing by the Company. The Company and the Consultant agree that the relationship among the parties shall be that of independent contractor.

3. EFFECTIVE DATE, TERM AND TERMINATION.

 

This Agreement shall be effective on June 1, 2016 and will continue until all Duties and Responsibilities are concluded; i.e., the Company has a trading symbol on the OTC Market. This initial Agreement can only be modified if mutually agreeable and in writing.

 

  

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4. OPTION TO CANCEL.

 

If for any reason Private Company wishes to terminate the agreement prior to completion, the Private Company will be responsible for payment of expenses thus far incurred. The Private Company may cancel this Agreement for any reason at any time upon 1 day’s prior written notice.

 

5. COMPENSATION AND PAYMENT OF EXPENSES.

 

Compensation for services rendered by S-1 Services shall be three million (3,000,000) shares of the Company’s common stock, registered in the S-1 Registration Statement.

 

5.1  ACKNOWLEDGEMENT

 

By signing below, Kelvin Medical, Inc., the Officers and Directors of the Company, acknowledge that they have read, understand, and agree to the terms of this Agreement. Kelvin Medical, Inc. further agrees that the Officers and Directors of Kelvin Medical shall cooperate to the fullest extent possible, in all manner possible, with regard to the issuance of the Shares to Consultant, and/or its assignees.

 

6. SPECIFIC PERFORMANCE

 

In addition to any and all other remedies that may be available at law, in the event of any breach of this Agreement, the Consultant shall be entitled to specific performance of the agreements and obligations of the Company hereunder and to such other injunctive or other equitable relief as may be granted by a court of competent jurisdiction. The parties hereto agree and acknowledge that money damages would be equal to $350,000.00 payable immediately in the event the Company fails to perform under this agreement.

 

7. SERVICES NOT EXCLUSIVE.

 

Consultant shall devote such of its time and effort necessary to the discharge of its duties hereunder. The Company acknowledges that Consultant is engaged in other business activities, and that it will continue such activities during the term of this Agreement. Consultant shall not be restricted from engaging in other business activities during the term of this Agreement.

 

8.  FUTURE ISSUANCE OF SHARES

 

The Company shall not file a Certificate of Amendment with the State increasing the amount of authorized common shares, designate and/or issue a series of Preferred Shares, and/or enter into any Promissory Notes or debt equity arrangements, until after the S-1 Registration Statement has received Effect by the SEC.

 

  

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9. CONFIDENTIALITY.

 

In the course of this Agreement, the Company may be supplying confidential information to Consultant.  It is hereby acknowledged by both parties that they will not release confidential information without the consent of the Company or outside the third parties within the scope of this Agreement.

 

10. CONFLICTS; COVENANT NOT TO COMPETE.

 

a)      The Consultant hereby represents and warrants that this Agreement and the services to be provided by it hereunder do not violate any agreement between Consultant and any third party.

 

b)      The Consultant hereby covenants that it shall not enter into any contract which would be violated by the performance of the services to be provided hereunder.

 

c)      During the term of this Agreement and for a period of one-year thereafter, the Consultant warrants, represents and agrees that it will not compete directly with the Company in the Company's primary industry or related fields.

 

11. INDEMNIFICATION.

 

The Company acknowledges that in connection with the provision of the services, the Consultant may be relying on information which Consultant obtains from the Company and represents that such information does not or will not contain any untrue statement of a material fact or omit to state any material fact necessary to make the statements made, in light of the circumstances in which they were made, not misleading, and agrees to hold harmless and indemnify Consultant, its members, directors, officers, employees, affiliates and agents and their representatives, successors and assigns and to hold them harmless from and against any claims made against them as a result of any breach of such representation and to hold them harmless from and against any and all losses, claims, liabilities, obligations, fines, penalties, damages and expenses including, but not limited to, reasonable attorney’s fees and other costs arising out of any such claims; provided, however, that the Company shall not be liable in any such case for losses, claims, damages, liabilities or expenses that arise from the negligence or willful misconduct of Consultant or its agents or representatives.

 

12. MISCELLANEOUS PROVISIONS

 

a)      Time.  Time is of the essence of this Agreement.

 

b)      Presumption.  This Agreement or any section thereof shall not be construed against any party due to the fact that said Agreement or any section thereof was drafted by said party.

 

c)      Computation of Time.  In computing any period of time pursuant to this Agreement, the day of the act, event or default from which the designated period of time begins to run shall be included, unless it is a Saturday, Sunday or a legal holiday, in which event the period shall begin to run on the next day which is not a Saturday, Sunday or a legal holiday, in which event the period shall run until the end of the next day thereafter which is not a Saturday, Sunday or legal holiday.

 

d)      Titles and Captions.  All article, section and paragraph titles or captions contained in this Agreement are for convenience only and shall not be deemed part of the context nor affect the interpretation of this Agreement.

 

e)      Pronouns and Plurals.  All pronouns and any variations thereof shall be deemed to refer to the masculine, feminine, neuter, singular or plural as the identity of the Person or Persons may require.

 

  

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f)      Further Action.  The parties hereto shall execute and deliver all documents, provide all information and take or forbear from all such action as may be necessary or appropriate to achieve the purposes of this Agreement.

 

g)      Good Faith, Cooperation and Due Diligence.  The parties hereto covenant, warrant and represent to each other their good faith, complete cooperation, due diligence and honesty in fact in the performance of all obligations of the parties pursuant to this Agreement. All promises and covenants are mutual and dependent.

 

h)      Savings Clause.  If any provision of this Agreement, or the application of such provision to any person or circumstance, shall be held invalid, the remainder of this Agreement, or the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby.

 

i)      Assignment.  This Agreement may not be assigned by either party hereto without the written consent of the other, but shall be binding upon the successors of the parties.

 

j)      Litigation.  If a dispute arises out of or relates to this Agreement, or the breach thereof, the parties agree to a venue of Wayne County, Michigan for litigation.

 

k)      Notices.  All notices required or permitted to be given under this Agreement shall be given in writing and shall be delivered, either personally or by express delivery service, or by email to the party to be notified. Notice to each party shall be deemed to have been duly given upon delivery, personally, by email or by courier (such as Federal Express or similar express delivery service), addressed to the attention of the officer at the address set forth heretofore, or to such other officer or addresses as either party may designate, upon at least thirty (1) day' written notice, to the other party.

 

l)      Governing law.  The Agreement shall be construed by and enforced in accordance with the laws of the State of Michigan.

 

m)      Entire agreement.  This Agreement contains the entire understanding and agreement among the parties. There are no other agreements, conditions or representations, oral or written, express or implied, with regard thereto. This Agreement may be amended only in writing signed by all parties.

 

n)      Waiver.  A delay or failure by any party to exercise a right under this Agreement, or a partial or single exercise of that right, shall not constitute a waiver of that or any other right.

 

o)      Counterparts.  This Agreement may be executed in duplicate counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same Agreement. In the event that the document is signed by one party and emailed or faxed to another the parties agree that a faxed signature shall be binding upon the parties to this agreement as though the signature was an original.

 

p)      Successors.  The provisions of this Agreement shall be binding upon all parties, their successors and assigns.

 

q)      Counsel.  The parties expressly acknowledge that each has been advised to seek separate counsel for advice in this matter and have been given reasonable opportunity to do so.

 

  

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IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement to be effective as of the day and year provided herein.

 

	

COMPANY:

 

KELVIN MEDICAL, INC.

 

 

By: /s/William Mandel

Name: William Mandel

Title: President 

 

 

COMPANY

KELVIN MEDICAL, INC.

 

 

By: /s/Margaret V. Austin

Name:  Margaret V. Austin, PhD

Title: Chairman of the Board

	

CONSULTANT:

 

S-1 SERVICES, LLC

 

By:   /s/Sharon D.  Mitchell                                                 

Name: Sharon D. Mitchell

Title: Managing Member 

 

 

  

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