Document:

Exhibit 10.2

EXECUTIVE EMPLOYMENT AGREEMENT

THIS EXECUTIVE EMPLOYMENT AGREEMENT (this "Agreement") executed this 23rd day of September, 2015 with an effective date as of the ____ day of July 2015 (the "Effective Date"), by and between ACTIVECARE, INC., a Delaware corporation having its principal place of business in Salt Lake City, Utah (the "Company"), and JAMES DALTON, a resident of Utah (the "Executive" and, together with the Company, the "Parties").

R E C I T A L S:

WHEREAS, the Company has agreed to employ Executive in exchange for Executive's compliance with the terms and conditions contained herein.

A G R E E M E N T:

NOW, THEREFORE, in consideration of the covenants contained herein, the above recitals and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

1.            Definitions.  For purposes of this Agreement, all initially capitalized words and phrases used in this Agreement have the following meanings:

"Affiliate" shall mean, with respect to any individual or entity, any other individual or entity who, directly or indirectly through one or more intermediaries, controls, is controlled by or is under common control with such individual or entity.

"Agreement" shall have the meaning set forth in the introductory paragraph above.

"Application" shall have the meaning set forth in Section 7.

"Base Salary" shall have the meaning set forth in Section 4.

"Board" shall mean the Board of Directors of the Company.

"Bonus" shall have the meaning set forth in Section 4.

"Business" shall mean the business of the Company, wherever located or operated, involving the marketing of health diagnostic and monitoring services and devices.

"Cause" shall mean that Executive has (a) continually and willfully failed to substantially perform his duties to the Company (other than any such failure resulting from incapacity due to physical or mental illness); or (b) been grossly negligent in the discharge of his duties to the Company (in any case, other than by reason of a Disability, physical or mental illness or analogous condition); or (c) been convicted of or pled nolo contendere to a felony or a misdemeanor with respect to which fraud or dishonesty is a material element; or (d) materially breached any material Company policy or agreement with the Company. provided, however, except for a failure, breach or refusal which, by its nature, cannot reasonably be expected to be cured, the Executive shall have thirty (30) business days from the delivery of written notice by the Company within which to cure any acts constituting Cause.  For purposes of this provision, no act or failure to act on the part of Executive shall be considered "willful" unless it is done, or omitted to be done, by Executive in bad faith or without reasonable belief that Executive's action or omission was in the best interests of the Company. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by Executive in good faith and in the best interests of the Company.  Termination of the Executive's employment shall not be deemed to be for Cause unless and until the Company delivers to Executive a copy of a resolution duly adopted by the affirmative vote of not less than three-quarters (3/4) of the Board (after reasonable written notice is provided to Executive and Executive is given an opportunity, together with counsel, to be heard before the Board), finding that Executive has engaged in the conduct described in any of (a)-(d) above.

1

"Code" means the Internal Revenue Code of 1986, as amended.

"Company" shall have the meaning set forth in the introductory paragraph above.

"Confidential Information" means (a) information of the Company or any Subsidiary thereof, to the extent not considered a Trade Secret under applicable law, that (i) relates to the Business of the Company or any Subsidiary thereof; (ii) possesses an element of value to the Company or any Subsidiary thereof; (iii) is not generally known to the Company's competitors; and (iv) would damage the Company, or any Subsidiary thereof, if disclosed, and (b) information of any third party provided to the Company which the Company is obligated to treat as confidential. Confidential Information includes, but is not limited to, future business plans, the composition, description, schematic or design of products, future products or equipment of the Company or any Subsidiary thereof, communication systems, audio systems, system designs and related documentation, advertising or marketing plans, information regarding independent contractors, Employees, clients and Customers of the Company or any Subsidiary thereof, and information concerning the Company's financial structure and methods and procedures of operation.  Confidential Information shall not include any information that is or becomes generally available to the public other than as a result of an unauthorized disclosure, has been independently developed and disclosed by others without violating this Agreement or the legal rights of any Party or otherwise enters the public domain through lawful means.

"Contact" means any interaction between Executive and a Customer which (a) takes place in an effort to establish, maintain and/or further a business relationship on behalf of the Company, or any Subsidiary thereof, and (b) occurs during the last year of Executive's employment with the Company.

"Customer" means any person or entity to which the Company or any Subsidiary thereof, has sold or has solicited to sell its products or services.

"Defense Costs" has the meaning set forth in Section 11.

"Disability" means a physical or mental condition entitling Executive to benefits under the applicable long-term disability plan of the Company or any of its Subsidiaries, or if no such plan exists, a "permanent and total disability" (within the meaning of Code Section 22(e)(3)) or as determined by the Company in accordance with applicable laws. Notwithstanding the foregoing, to the extent that (i) any payment under this Agreement is payable solely upon the Executive's Disability and (ii) such payment is treated as "deferred compensation" for purposes of Code Section 409A, Disability shall have the meaning provided in Section 1.409A-3(i)(4) of the Treasury Regulations.

2

"Duties" means, solely for purposes of this Agreement, functioning as the Company's President and Chief Executive Officer as specified in the attached Exhibit A and the Company's Bylaws, and as prescribed by the Board from time to time.

"Effective Date" shall have the meaning set forth in the introductory paragraph above.

"Employee" means any person who (a) is employed by the Company, or any Subsidiary thereof, at the time Executive's employment with the Company terminates; (b) was employed by the Company, or any Subsidiary thereof, during the last year of Executive's employment with the Company; or (c) is employed by the Company, or any Subsidiary thereof, during the Restricted Period.

"Employment Period" shall have the meaning set forth in Section 3.

"Exchange Act" shall mean the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

"Executive" shall have the meaning set forth in the introductory paragraph above.

 "Fiscal Year" shall mean the 12-month period ending September 30 each year or such other period as the Company may hereafter elect as its Fiscal Year for financial reporting purposes.

"Incentive Plans" means the Company's (i) 2010 Equity Compensation Plan, and (ii) 2013 Equity Compensation Plan, each as amended from time to time.

"Licensed Materials" means any materials that Executive utilizes for the benefit of the Company (or any Subsidiary thereof), or delivers to the Company or the Company's Customers, which (a) do not constitute Work Product, (b) are created by Executive or of which Executive is otherwise in lawful possession and (c) Executive may lawfully utilize for the benefit of, or distribute to, the Company or the Company's Customers.

"Parties" shall have the meaning set forth in the introductory paragraph above.

"Person" shall mean a "person" as defined in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof, except that such term shall not include (a) the Company (or any Subsidiary thereof), (b) a trustee or other fiduciary holding securities under an employee benefit plan of the Company, (c) an underwriter temporarily holding securities pursuant to an offering of such securities, or (d) a corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company.

"Restricted Period" means the period of time encompassing Executive's employment with the Company and eighteen (18) months after termination of Executive's employment with the Company.

"Subsidiary" means a corporation, partnership or other entity of which a majority of the voting interests of such corporation, partnership or other entity are at the time owned directly or indirectly through one or more intermediaries or Subsidiaries, or both, by the Company.

"Territory" means the continental United States.

3

"Trade Secrets" means information of the Company (or any Subsidiary thereof), and its licensors, suppliers, clients and Customers, without regard to form, including, but not limited to, technical or non-technical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans or a list of actual or potential Customers or suppliers which is not commonly known by or available to the public and which information (a) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use and (b) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

"Work Product" means (a) any data, databases, materials, documentation, computer programs, inventions (whether or not patentable), designs and/or works of authorship, including but not limited to, discoveries, ideas, concepts, properties, formulas, compositions, methods, programs, procedures, systems, techniques, products, improvements, innovations, writings, pictures, audio, video, images of Executive and artistic works, and (b) any subject matter protected under patent, copyright, proprietary database, trademark, trade secret, rights of publicity, confidential information or other property rights, including all worldwide rights therein, that is or was conceived, created or developed in whole or in part by Executive while employed by the Company and that either (i) is created within the scope of Executive's employment; (ii) is based on, results from or is suggested by any work performed within the scope of Executive's employment and is directly or indirectly related to the Business of the Company or a line of business that the Company may reasonably be interested in pursuing; (iii) has been or will be paid for by the Company; or (iv) was created or improved in whole or in part by using the Company's time, resources, data, facilities or equipment.

2.            Employment and Duties.

(a)            The Company shall employ Executive as President and Chief Executive Officer.  Executive shall perform all duties that are consistent with this position and that may otherwise be assigned to Executive by the Board and shall report directly to the Board from time to time.

(b)            Executive agrees to (i) devote all necessary working time required of Executive's position; (ii) devote Executive's best efforts, skill and energies to promote and advance the Business and/or interests of the Company and its Subsidiaries; and (iii) fully perform Executive's obligations under this Agreement.

(c)            During Executive's employment Executive may (i) engage in community, charitable and educational activities; (ii) manage Executive's personal investments; (iii) with prior written consent of a majority of the Board (or a designated committee thereof), act as a consultant or advisor with or without pay; and (iv) with prior written consent of a majority of the Board (or a designated committee thereof), serve on corporate boards or committees of up to two (2) public companies other than the Company and a reasonable number of privately held companies including companies operated or controlled by the Executive or a relative or family member of the Executive; provided, however, that such activities do not conflict or interfere with the performance of Executive's obligations under this Agreement or conflict with the interests of the Company.

4

(d)            Executive agrees to comply with the policies and procedures of the Company as may be adopted and changed from time to time, including without limitation, those described in the Company's employee handbook and Code of Business Conduct and Ethics. If this Agreement conflicts with such policies or procedures, this Agreement will control.

(e)            As an officer of the Company, Executive owes a duty of care and loyalty to the Company as well as a duty to perform such duties in a manner that is in the best interests of the Company.

3.            Term of Agreement.  The term of this Agreement shall be for a period of one (1) year, commencing on the Effective Date and terminating on the first anniversary of the Effective Date (the "Employment Period"), provided, however, that the restrictive covenants applicable to and all post-termination obligations of Executive contained in Section 6 of this Agreement shall survive termination of this Agreement. 

4.            Compensation.  During the Employment Period, the compensation of the Executive shall be as provided by this Section 4.

(a)            Signing Bonus.  Upon execution of this Agreement as of the Effective Date, Company shall issue to the Executive 4,976,068 shares of the Company's common stock (the "Common Stock"), of which 976,068 shall vest immediately, along with 140 shares of the Company's Series G Management Preferred Stock; all such shares to vest in 24 equal amounts over each month, and shall vest immediately upon death, termination or a change in control.

(b)            Salary.  The Company shall pay Executive a monthly salary of $40,000.

(c)            Member Bonuses.  During the Employment Period, Executive will be eligible to receive bonuses (each a "Bonus") upon the achievement of certain milestones up through and inclusive of December 31, 2015, at which time the following formula shall be revisited:

(i)            300 shares of Common Stock for each new member under contract with the Company for the September 2015 and December 2015 quarters.

(d)            Guarantees.  All guarantee investments into the Company by Mr. Dalton shall be paid equally 15% of the guaranteed amount, payable in Common Stock valued at $.30 per share.  Executive has made certain guarantees as listed in Exhibit B attached hereto.  As of the date of this agreement, the share issuance amounts as it relates to these guarantees equals 209,375 shares of Common Stock which will be issued herewith.

(e)            Welfare Benefits. Company shall not pay any amounts for or provide Executive and/or the Executive's family, as the case may be, any benefits under welfare benefit plans, practices, policies and programs generally provided by the Company (including without limitation, medical, prescription, dental, disability, employee life, group life, dependent life, accidental death and travel accident insurance plans and programs).

(f)            Expenses.  Executive shall be entitled to receive prompt reimbursement for all reasonable employment-related expenses which are incurred by the Executive.  The Executive shall be reimbursed upon the Company's receipt of accountings in accordance with practices, policies and procedures applicable to senior executives of the Company.  Executive may retain all frequent traveler benefits accrued, including reimbursements as allowed by Company policy for the use of such benefits for work-related corporate travel.

5

(g)            Office and Support Staff.  Executive shall be entitled to an office, furnishings, supplies, and other appointments, commensurate with the position occupied by Executive, all of which shall be adequate for the performance of the Executive's duties. Executive may hire staff to assist Executive in his duties.  Executive may use furnished supplies and equipment for reasonable non-business purposes.

5.            Termination.  This Agreement and Executive's employment may be terminated by any of the following events:

(a)            Expiration of the Employment Period;

(b)            Mutual written agreement between Executive and the Company at any time;

(c)            Executive's death;

(d)            Executive's Disability which renders Executive unable to perform the essential functions of Executive's job even with reasonable accommodation; or

(e)            By the Company for Cause.

6.            Executive's Post-Termination Obligations.

(a)            Return of Materials.  Upon the termination of Executive's employment for any reason, Executive shall return to the Company all of the Company's property, including, but not limited to, keys, passcards, credit cards, customer lists, rolodexes, tapes, software, computer files, marketing and sales materials and any other property, record, document or piece of equipment belonging to the Company.

(b)            Set-Off.  If Executive has any outstanding obligations to the Company upon the termination of Executive's employment for any reason, Executive hereby authorizes the Company to deduct any amounts owed to the Company from Executive's final paycheck and/or any amounts that would otherwise be due to Executive, but only to the extent such set-off is made in accordance with Treasury Regulation 1.409A-3(j)(4)(xiii).  No other set-off shall be permitted under this Agreement.

(c)            Non-Disparagement. During Executive's employment and upon the termination of Executive's employment with the Company for any reason, Executive shall not make any disparaging or defamatory statements, whether written or verbal, regarding the Company.

(d)            Restrictive Covenants. Executive acknowledges that the restrictions contained in this Section 6 are reasonable and necessary to protect the legitimate business interests of the Company and will not impair or infringe upon Executive's right to work or earn a living after Executive's employment with the Company terminates.

6

(e)            Trade Secrets and Confidential Information.

(i)            Executive represents and warrants that Executive (A) is not subject to any legal or contractual duty or agreement that would prevent or prohibit Executive from performing the duties contemplated by this Agreement or otherwise complying with this Agreement, and (B) is not in breach of any legal or contractual duty or agreement, including any agreement concerning trade secrets or confidential information owned by any other party.

(ii)            Executive agrees that Executive will not (A) use, disclose or reverse engineer Trade Secrets or Confidential Information for any purpose other than the Company's Business, except as authorized in writing by the Company; (B) during Executive's employment with the Company, use, disclose or reverse engineer (1) any confidential information or trade secrets of any former employer or third party or (2) any works of authorship developed in whole or in part by Executive during any former employment or for any other party, unless authorized in writing by the former employer or third party; or (C) upon Executive's resignation or termination with the Company (1) retain Trade Secrets or Confidential Information, including any copies existing in any form (including electronic form), which are in Executive's possession or control or (2) destroy, delete or alter Trade Secrets or Confidential Information without the Company's prior written consent.

(iii)            The obligations under this Section 6 shall remain in effect as long as Trade Secrets and Confidential Information constitute trade secrets or confidential information under applicable law.  The confidentiality, property and proprietary rights protections available in this Agreement are in addition to, and not exclusive of, any and all other rights to which the Company is entitled under federal and state law, including, but not limited to, rights provided under copyright laws, trade secret and confidential information laws and laws concerning fiduciary duties.

(f)            Non-Competition.  During the Restricted Period, Executive agrees that Executive shall not perform services which are substantially similar and/or equivalent to the Duties, individually or on behalf of any person, firm, partnership, association, business organization, corporation or entity engaged in the Business within the Territory.  The Parties agree and acknowledge that (i) the periods of restriction and Territory of restriction contained in this Agreement are fair and reasonable in that they are reasonably required for the protection of the Company and that the Territory is the area in which Executive performs services for the Company and (ii) by having access to information concerning Employees and actual or prospective Customers of the Company or any of its Subsidiaries, Executive shall obtain a competitive advantage as to the Company.

(g)            Non-Solicitation of Customers.  During the Restricted Period, Executive will not, directly or indirectly, solicit any Customer of the Company for the purpose of providing any goods or services competitive with the Business within the Territory.  The restrictions set forth in this Section 6(g) apply only to the Customers with whom Executive had Contact.

7

(h)            Non-Recruitment of Employees.  During the Restricted Period, Executive will not, directly or indirectly, solicit, recruit or induce any Employee to (i) terminate his or her employment relationship with the Company or any of its Subsidiaries or (ii) work for any other person or entity engaged in the Business.

(i)            Resignation.  Upon the termination of Executive's employment with the Company for any reason and upon the request of the Company, Executive shall deliver to the Company a written resignation from all offices, membership on the Board and fiduciary positions in which Executive serves for the Company and each of its Subsidiaries and Affiliates.

7.            Work Product.  Executive's employment duties may include creating, developing and/or inventing in areas directly or indirectly related to the Business of the Company or to a line of business that the Company may reasonably be interested in pursuing.  If ownership of all right, title and interest to the legal rights in and to the Work Product will not vest exclusively in the Company, then, without further consideration, Executive assigns all presently-existing Work Product to the Company and agrees to assign, and automatically assigns, all future Work Product to the Company.  The Company will have the right to obtain, and hold in its own name, copyrights, patents, design registrations, proprietary database rights, trademarks, rights of publicity and any other protection available in the Work Product. At the Company's request, Executive agrees to perform, during or after Executive's employment with the Company, any acts to transfer, perfect and defend the Company's ownership of the Work Product, including, but not limited to (a) executing all documents (including a formal assignment to the Company) necessary for filing an application or registration for protection of the Work Product (an "Application"); (b) explaining the nature of the Work Product to persons designated by the Company; (c) reviewing Applications and other related papers; or (d) providing any other assistance reasonably required for the orderly prosecution of Applications.  Executive agrees to provide the Company with a written description of any Work Product in which Executive is involved (solely or jointly with others) and the circumstances attendant to the creation of such Work Product.

8.            License.  During Executive's employment and after Executive's employment with the Company terminates, Executive grants to the Company an irrevocable, nonexclusive, worldwide, royalty-free license to (a) make, use, sell, copy, perform, display, distribute or otherwise utilize copies of the Licensed Materials; (b) prepare, use and distribute derivative works based upon the Licensed Materials; and (c) authorize others to do the same.  Executive shall notify the Company in writing of any Licensed Materials Executive delivers to the Company.

9.            Release.  During Executive's employment and after Executive's employment with the Company terminates, the Company may, upon receiving Executive's prior written consent, which consent will not be unreasonably withheld, use Executive's image, likeness, voice or other characteristics in the Company's products or services.  Executive shall release the Company from any causes of action that Executive may have arising out of the use, distribution, adaptation, reproduction, broadcast or exhibition of such characteristics, provided that the Company obtains Executive's prior written consent as described herein.

8

10.            Injunctive Relief.  Executive agrees that, if Executive breaches Section 6 of this Agreement, (a) the Company would suffer irreparable harm; (b) damages would be difficult to determine, and money damages alone would be an inadequate remedy for the injuries suffered by the Company; and (c) if the Company seeks injunctive relief to enforce this Agreement, Executive hereby waives and will not (i) assert any defense that the Company has an adequate remedy at law with respect to the breach; (ii) require that the Company submit proof of the economic value of any Trade Secret or Confidential Information; or (iii) require the Company to post a bond or any other security.  Nothing contained in this Agreement shall limit the Company's right to any other remedies at law or in equity.

11.            Payment of Defense Costs.  If Executive is individually named as a defendant in a lawsuit relating to or arising out of Executive's employment with the Company, then the Company agrees to pay the reasonable attorneys' fees and expenses Executive incurs in defending such lawsuit (the "Defense Costs"), subject to the terms and conditions of any applicable directors' and officers' insurance maintained by the Company.  The Company will not pay any damages or any other sums or relief for which Executive is held personally liable.  If Executive is held liable, then Executive agrees to reimburse the Company for all Defense Costs the Company paid to Executive or on Executive's behalf.  The Company's obligation under this Section 11 shall not apply to any claim or lawsuit brought by the Company against Executive. Payment of the Defense Costs shall be the Company's only obligation under this Section 11; provided, however, that nothing in this Section 11 shall be construed to limit either Party's rights or obligations under any indemnification agreement or the Company's organizational documents, as applicable.

12.            Clawback.  Notwithstanding anything herein to the contrary, the Executive agrees that incentive compensation, as defined under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and such regulations as are promulgated thereunder from time to time ("Dodd-Frank"), payable to him under the Company's Incentive Plans, this Agreement or any other plan, arrangement or program established or maintained by the Company shall be subject to any clawback policy adopted or implemented by the Company in respect of Dodd-Frank, or in respect of any other applicable law or regulation.

13.            Severability.  The provisions of this Agreement are severable.  If any provision of this Agreement is determined to be unenforceable, in whole or in part, then such provision shall be modified so as to be enforceable to the maximum extent permitted by law.  If such provision cannot be modified to be enforceable, the provision shall be severed from this Agreement to the extent unenforceable.  The remaining provisions and any partially enforceable provisions shall remain in full force and effect.

14.            Attorneys' Fees.  In the event of litigation relating to this Agreement, the prevailing Party shall be entitled to recover attorneys' fees and costs of litigation in addition to all other remedies available at law or in equity.

15.            Waiver.  Either Party's failure to enforce any provision of this Agreement shall not act as a waiver of that or any other provision.  Either Party's waiver of any breach of this Agreement shall not act as a waiver of any other breach.

9

16.            Entire Agreement.  This Agreement, together with the New Option Agreement, constitutes the entire agreement between the Parties concerning the subject matter of this Agreement.  This Agreement supersedes any prior communications, agreements or understandings, whether oral or written, between the Parties relating to the subject matter of this Agreement, including without limitation the Prior Agreement.  Other than the terms of this Agreement, no other representation, promise or agreement has been made with Executive to cause Executive to sign this Agreement.

17.            Amendments.  This Agreement may not be amended or modified except in a writing signed by both Parties.

18.            Successors and Assigns.  This Agreement shall be assignable to, and shall inure to the benefit of, the Company's successors and assigns, including, without limitation, successors through merger, name change, consolidation or sale of a majority of the Company's stock or assets and shall be binding upon Executive. Executive shall not have the right to assign Executive's rights or obligations under this Agreement.  The covenants contained in Section 8 of this Agreement shall survive the termination of Executive's employment with the Company, regardless of which Party causes the termination or the reason for the termination.

19.            Governing Law.  The laws of the State of Utah shall govern this Agreement. If Utah's conflict of law rules would apply another state's laws, the Parties agree that Utah law shall still govern.

20.            No Strict Construction.  If there is a dispute about the language of this Agreement, the fact that one Party drafted this Agreement shall not be considered in its interpretation.

21.            Notices.  Whenever any notice is required, it shall be given in writing addressed as follows:

	
If to the Company:

	
ACTIVECARE, INC.

	
 

	
1365 West Business Park Drive

Orem, UT 84058

	
 

	
 

	
 

	
 

	
If to the Executive:

	
James Dalton, at Executive's most recent address on the records of the Company

Notice shall be deemed given and effective when deposited in the U.S. mail, sent to the receiving Party by electronic means or when actually received.  Either Party may change the address to which notices shall be delivered or mailed by notifying the other Party of such change in accordance with this Section.

22.            Consent to Jurisdiction and Venue.  Executive agrees that any claim arising out of or relating to this Agreement shall be brought in a state or federal court of competent jurisdiction in Utah.  Executive consents to the personal jurisdiction of the state and/or federal courts located in Utah.  Executive waives (a) any objection to jurisdiction or venue, or (b) any defense claiming lack of jurisdiction or improper venue in any action brought in such courts.

10

23.            Affirmation.  Executive acknowledges that Executive has carefully read this Agreement, Executive knows and understands its terms and conditions and Executive has had the opportunity to ask the Company any questions Executive may have had prior to signing this Agreement.

24.            Tax Responsibilities.  Should executive receive compensation through payroll, all tax responsibility shall be paid through such services as Company regularly employs.  However, should Executive receive compensation outside of payroll, he individually shall be responsible for all tax ramifications associated with such compensation.

11

IN WITNESS WHEREOF the Parties have executed this Agreement on the date first written above.

	 	 
	 	
ACTIVECARE, INC.,

	 	
a Delaware corporation

	
 

	
 

	 	 
	
 

	
By: ______________________________ 

	
 

	 
	
 

	
Name: ___________________________

	
 

	 
	 	
 Title: ____________________________

	
 

	
 

	 	 
	
 

	
JAMES DALTON,

	
 

	
an individual

	
 

	
 

	 	 
	
 

	 
	
 

	
James Dalton

12

EXHIBIT A

Responsibilities and Authority of President and Chief Executive Officer (CEO)

	
·

	
Overall strategic planning, corporate direction and implementation of strategic plan. 

	 	 
	
·

	
General deployment of corporate assets. 

	 	 
	
·

	
Hiring of Company officers and other employees. 

	 	 
	 	
o

	
Establishment of incentive programs for Company officers and employees.

	 	 	 
	 	
o

	
Approves capital expenditures for budget categories (as approved by the Board) or up to $50,000 if not included in annual budget.

	 	 	 
	
·

	
Approval of major Company Policies and Procedures and exceptions to the same. 

	 	 
	
·

	
Interfaces with stock brokerages. 

	 	 
	
·

	
Approval of all corporate communications. 

	 	 
	
·

	
Assures compliance with all applicable laws and regulations (domestic/international) pertinent to the Company. 

	 	 
	
·

	
Review and Approval of all legal agreements to which the Company is a party. 

	 	 
	 	
o

	
Represents Company in strategic business transactions subject to the approval of the Board.

	 	 	 
	
·

	
Management Team Chair. 

	 	 
	
·

	
Oversees implementation and compliance with Quality Systems. 

13

EXHIBIT B

Guarantees

James Dalton, as of the date of this agreement, has the following guarantees outstanding:

	
Party

	 	
Amount

	 	 	
% of Guarantee

	 	 		 
	 	 		 	 		 	 		 
	
Factor (Rafi)

	 	
$

	
250,000

	 	 	 	
50

	
%

	 		 
	 	 	 	 	 	 	 	 	 	 		 
	
Factor (Rafi)

	 	
$

	
250,000

	 	 	 	
50

	
%

	 		 
	 	 	 	 	 	 	 	 	 	 		 
	
Factor (Rafi)

	 	
$

	
337,500

	 	 	 	
50

	
%

	 		 
	 	 	 	 	 	 	 	 	 	 		 
	
Total Personally Guaranteed: $418,750

	 	 	 	 	 	 	 	 	 		 
	 	 	 	 	 	 	 	 	 	 		 
	
15% shall be paid in total between all signees, payable in shares at $.30          

	 	 	 	 	 	 	 	 	 	 		 
	 	 	 	 	 	 	 	 	 	 		 
	
Party

	 	
Amount

	 	 	
Compensation

	 	 	
Shares Issued

	 
	 	 	 	 	 	 	 	 	 	 		 
	
Factor (Rafi)

	 	
$

	
250,000

	 	 	 	
7.5

	
%

	 	 	
62,500

	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
Factor (Rafi)

	 	
$

	
250,000

	 	 	 	
7.5

	
%

	 	 	
62,500

	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
Factor (Rafi)

	 	
$

	
337,500

	 	 	 	
7.5

	
%

	 	 	
84,375

	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
Total Issuance

	 	 	 	 	 	 	 	 	 	 	
209,375

	 

 

 

14Exhibit 10.3

CONSULTING AGREEMENT

By and Between:

ACTIVECARE, INC.

a Delaware corporation

(the "Company")

and

BLUESTONE ADVISORS, LLC

a Utah limited liability company

(the "Consultant")

 

September 23, 2015

  

 

		 	 Page
	
1

	
Engagement.

	
1

	 	 	 
	
(a)

	
Services

	
1

	 	 	 
	
(b)

	
Performance of the Services.

	
2

	 	 	 
	
(c)

	
No Conflict of Interest

	
2

	 	 	 
	
2

	
Independent Contractor Relationship

	
3

	 	 	 
	
3

	
Compensation

	
3

	 	 	 
	
(a)

	
Consulting Fee

	
3

	 	 	 
	
(b)

	
Bonuses.

	
3

	 	 	 
	
(c)

	
Expenses

	
4

	 	 	 
	
4

	
Term and Termination.

	
4

	 	 	 
	
(a)

	
Term.

	
4

	 	 	 
	
(b)

	
Termination

	
4

	 	 	 
	
(c)

	
Effect of Termination

	
5

	 	 	 
	
5

	
Confidentiality.

	
5

	 	 	 
	
(a)

	
Confidential Information

	
5

	 	 	 
	
(b)

	
Restrictions on Use

	
6

	 	 	 
	
(c)

	
Exclusions

	
6

	 	 	 
	
(d)

	
Equitable Relief

	
6

	 	 	 
	
(e)

	
Return of Materials

	
6

	 	 	 
	
(f)

	
Disclaimer

	
7

	 	 	 
	
6

	
Warranties

	
7

	 	 	 
	
7

	
Deliverables

	
7

	 	 	 
	
8

	
Indemnification

	
7

	 	 	 
	
9

	
Miscellaneous.

	
8

	 	 	 
	
(a)

	
Entire Agreement

	
8

	 	 	 
	
(b)

	
Severability

	
8

	 	 	 
	
(c)

	
Governing Law

	
8

	 	 	 
	
(d)

	
Jurisdiction and Venue

	
8

	 	 	 
	
(e)

	
WAIVER OF JURY TRIAL

	
8

	 	 	 
	
(f)

	
Fees and Costs

	
9

	 	 	 
	
(g)

	
Waiver

	
9

	 	 	 
	
(h)

	
Modification

	
9

	 	 	 
	
(i)

	
Assignment

	
9

	 	 	 
	
(j)

	
Remedies

	
9

	 	 	 
	
(k)

	
Notices

	
9

	 	 	 
	
(l)

	
Construction

	
10

	 	 	 
	
(m)

	
Exhibits

	
10

	 	 	 
	
(n)

	
Counterparts

	
10

	 	 	 
	
(o)

	
Relationship of Parties

	
10

	 	 	 
	
(p)

	
Parties in Interest

	
10

CONSULTING AGREEMENT

THIS CONSULTING AGREEMENT ("Agreement") is executed this 23rd day of September, 2015 with an effective date as of July ____, 2015 (the "Effective Date"), by and between ActiveCare, Inc., a Delaware corporation (the "Company"), and BlueStone Advisors, LLC, a Utah limited liability company (the "Consultant").

RECITALS

A.            The Company is in the business of marketing health monitoring and related products.

B.            Consultant, has provided the Company and its affiliates with certain consulting services (collectively, the "Services"), and the Company desires to continue to receive such services subject to the terms and conditions set forth herein.

AGREEMENT

NOW, THEREFORE, in consideration of the mutual covenants, agreements and conditions set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

1.            Engagement.

(a)            Services.  The Company hereby engages the Consultant to perform the Services, as more particularly set forth on Exhibit A attached hereto (as such exhibit may be amended or supplemented pursuant to the terms of the Agreement from time to time), and the Consultant hereby accepts such engagement and agrees to provide the Services.  The Consultant and the Company will mutually agree upon the method, details and means of performing the Services.  For purposes of this Agreement, Consultant has designated Mr. Jeffrey Peterson, as Consultant's representative to undertake the day-to-day administration and management hereunder on behalf of Consultant.

(b)            Performance of the Services.

(i)            For each month during the Term (as defined below), the Consultant commits to dedicate its best efforts to render the Services, provided, that the Consultant shall work as many hours as may be reasonably necessary to timely render the Services pursuant to this Agreement.

(ii)            The Consultant shall render to the Company and certain of its affiliates the Services in a timely and professional manner consistent with industry standards, in accordance with this Agreement.

(iii)            If any services, functions or responsibilities not specifically described in this Agreement are required for the proper performance and provision of the Services, they shall be deemed to be included within the scope of Services to the same extent as if specifically described in this Agreement.

1

(iv)            The Consultant may not subcontract or otherwise delegate its obligations under this Agreement without the Company's prior written consent.  In performing the Services, the Consultant agrees to provide his own personnel, equipment, tools and other materials at his own expense.  In connection with providing the Services, the parties hereby agree that, unless otherwise consented to in writing by the Company, the only person that will render the Services shall be the Consultant.

(v)            The Company shall make its facilities and equipment available to the Consultant as reasonably necessary in connection with the Services.  For any work performed on the Company's or any of its affiliates' premises, the Consultant shall comply with all security, confidentiality, safety and health policies of the Company and such affiliates.

(vi)            Subject to compliance with the Consultant's obligations hereunder, the Consultant shall retain the sole control and discretion to determine the methods by which the Consultant performs the Services and the places at which, the equipment and supplies with which, and the hours during which such Services are to be rendered.

(c)            No Conflict of Interest.  The Consultant agrees during the Term not to, directly or indirectly, on the Consultant's own behalf or in the service or on behalf of others, accept work or enter into any agreement or accept any obligation that is inconsistent or incompatible with the Consultant's obligations under this Agreement or the scope of Services rendered to the Company and its affiliates.  The Consultant represents and warrants that, to the best of his knowledge, there is no other existing agreement or duty on the Consultant's part inconsistent with this Agreement.

2.            Contractor Relationship.  The Consultant's relationship with the Company and its affiliates shall be that of a contractor and nothing in this Agreement should be construed to create a partnership, joint venture, agency or employer-employee relationship between the parties.  Further, should consultant be paid through payroll, the Company shall withhold taxes as appropriate and customarily performed.  Should Consultant be paid directly from the Company, Consultant shall be responsible for all tax allocations received in such manner.

3.            Compensation.

(a)            Consulting Fee.  In consideration of the Services to be rendered pursuant to this Agreement beginning as of the effective date, with respect to each calendar month during the Term (each such month, a "Consulting Month"), the Company shall pay the Consultant a monthly fee of Twenty Thousand Dollars ($20,000) (the "Consulting Fee").  Further, for assuming the role of CFO/COO the Company shall issue 2,000,000 shares of Common Stock ("Common Stock") plus 70 shares of Series G Management Preferred Stock, all of which shall vest in 24 equal amounts over each month, and shall fully vest immediately upon death, termination or a change in control.

(b)            Expenses.  The Company shall reimburse Consultant for all reasonable travel, lodging, communications, and out-of-pocket expenses incurred by the Consultant in connection with providing the Services; provided any such expenses shall be approved in advance in writing by the Company and shall be reasonably documented.  The Consultant shall submit to the Company, on a monthly basis, an invoice for all expenses incurred during the prior month.  All amounts payable by the Company hereunder shall be due and payable fifteen (15) days from receipt by the Company of such invoice.  If the Company disputes an invoice, it may withhold the disputed portion but shall pay the undisputed portion.

2

(c)            Guarantees.  The Consultant or its affiliates have given personal guarantees of certain obligations of the Company. In consideration of such exposure, Company shall issue and deliver to Consultant 359,375 shares of Common Stock upon execution of this Agreement.

4.            Term and Termination.

(a)            Term.  This Agreement shall commence on the Effective Date and continue in effect for an initial period of one (1) year (the "Initial Term").  Thereafter, this Agreement shall automatically renew for additional consecutive one (1) month periods (each, a "Renewal Term"), unless terminated by either party upon at least thirty (30) days written notice to the other party prior to the end of the Initial Term or any Renewal Term.  Notwithstanding the foregoing to the contrary, however, this Agreement shall not terminate until all outstanding debt obligations of the Company payable to Consultant or its affiliates have been paid in full.  For purposes hereof, "Term" means the period commencing on the Effective Date and ending on the termination or expiration of this Agreement.

(b)            Termination.  Notwithstanding Section 4(a), this Agreement may be terminated in accordance with any of the following:

(i)            Upon the mutual written agreement of the parties, effective on the date so mutually agreed;

(ii)            By either party, effective immediately upon written notice to the other party, if the other party materially breaches any term or provision of this Agreement and fails to cure such breach within ten (10) days after receipt of written notice of the breach;

(iii)            By either party, effective immediately upon written notice thereof, if it becomes illegal or impossible for any party to perform its obligations under the terms of this Agreement for any reason whatsoever; or

(iv)            Automatically upon the first to occur of any of the following events: (A) the bankruptcy or insolvency of either party; (B) the sale of all or substantially all of the assets of the Company; and (C) the complete liquidation of the Company.

(c)            Effect of Termination.  The termination or expiration of this Agreement shall in no way affect or impair any right which has accrued to either party hereto prior to the date when such termination or expiration became effective. Upon the effective date of any termination or expiration of this Agreement, the Consultant shall immediately cease performing the Services.  The Company shall pay the Consultant for all Services performed up through the date of termination or expiration.  The provisions of Sections 2, 5, 6, 7, 8 and 9, and this Section 4(c) shall survive any expiration or other termination of this Agreement.  Termination of this Agreement by either party shall not act as a waiver of any breach of this Agreement and shall not act as a release of either party from any liability for breach of such party's obligations under this Agreement.  Neither party shall be liable to the other for damages of any kind solely as a result of terminating or expiration of this Agreement in accordance with its terms, and termination of this Agreement by a party shall be without prejudice to any other right or remedy of such party under this Agreement or applicable law.

3

5.            Confidentiality.

(a)            Confidential Information.  By virtue of this Agreement, the Consultant will have access to confidential, proprietary and trade secret information and materials of the Company (or its affiliates, suppliers, vendors, customers or any other third party to whom the Company owes a duty of confidentiality), in whatever form, tangible or intangible, whether disclosed orally, in writing or otherwise, that is provided to the Consultant before or after the execution of this Agreement under circumstances reasonably indicating that it is confidential or proprietary (collectively, the "Confidential Information").  Confidential Information includes, without limitation, any trade secrets and know-how, and any:

(i)            information, ideas or materials of a technical or creative nature, such as inventions, improvements, discoveries, developments, techniques, processes, research and development plans and results, reports, drawings, designs, specifications, works of authorship, data, formulas, files, HTML, computer source and object code, patent applications, and other materials and concepts relating to the Company's business, services, processes or technology;

(ii)            information, ideas or materials of a business nature, such as development plans, marketing and sales plans and forecasts, budgets and unpublished financial statements, and other information regarding finances, profits, costs, marketing, purchasing, sales, operations, policies, procedures, personnel, salaries, customers, suppliers and contract terms;

(iii)            all personal property, including, without limitation, books, manuals, records, files, reports, notes, contracts, lists, blueprints and other documents or materials, or copies thereof, received by the Consultant or prepared for the Company in the course of the Consultant's rendering of Services to the Company; and

(iv)            any other trade secrets, information, ideas or materials of or relating in any way to the past, present, planned or foreseeable business, products, developments, technology or activities of the Company (or its affiliates, employees, licensors, suppliers, vendors, clients, customers or any other third parties to whom the Company owes a duty of confidentiality).

Confidential Information does not include that which (A) is already in the Consultant's possession at the time of disclosure to the Company, (B) is or becomes part of public knowledge other than as a result of any action or inaction of the Consultant, (C) is obtained by the Consultant from an unrelated third party without a duty of confidentiality, or (D) is independently developed by the Consultant other than in connection with this Services.

(b)            Restrictions on Use.  The Consultant shall not use Confidential Information for any purpose other than in furtherance of this Agreement and the activities described herein.  The Consultant shall not disclose Confidential Information to any third parties except as otherwise permitted hereunder.  The Consultant shall maintain Confidential Information with at least the same degree of care it uses to protect its own proprietary information of a similar nature or sensitivity, but no less than reasonable care under the circumstances.  The Consultant shall promptly advise the Company in writing of any misappropriation or misuse of Confidential Information of which the Consultant becomes aware.

4

(c)            Exclusions.  Notwithstanding the foregoing, this Agreement shall not prevent the Consultant from disclosing Confidential Information to the extent required by a judicial order or other legal obligation, provided that, in such event, the Consultant shall promptly notify the Company to allow intervention (and shall cooperate with the Company) to contest or minimize the scope of the disclosure (including application for a protective order).  Further, the Consultant may disclose the terms and conditions of this Agreement: (i) in confidence, to legal counsel; (ii) in confidence, to accountants; and (iii) in connection with the enforcement of this Agreement or any rights hereunder.

(d)            Equitable Relief.  The Consultant acknowledges that the Company considers the Confidential Information to contain trade secrets and that any unauthorized use or disclosure of such information would cause the Company irreparable harm for which its remedies at law would be inadequate.  Accordingly, the Consultant acknowledges and agrees that the Company will be entitled, in addition to any other remedies available to it at law or in equity, to the issuance of injunctive relief, without bond, enjoining any breach or threatened breach of the Consultant's obligations hereunder with respect to the Confidential Information, and such further relief as any court of competent jurisdiction may deem just and proper.

(e)            Return of Materials.  Upon termination of this Agreement, the Consultant will immediately return to the Company all Confidential Information embodied in tangible (including electronic) form or, at the Consultant's discretion, destroy all such Confidential Information and certify in writing to the Company that all such Confidential Information has been destroyed.

(f)            Disclaimer.  The Company hereby disclaims all warranties of any kind, whether express, implied, statutory or otherwise, with respect to any Confidential Information or other information or materials supplied by the Company to the Consultant hereunder.

6.            Warranties.  The Consultant represents, warrants and covenants to the Company that: (a) the Consultant has the full power and authority to enter into this Agreement and to perform his obligations hereunder, without the need for any consents, approvals or immunities not yet obtained; (b) the Consultant has the right to grant the rights and assignments granted herein, without the need for any assignments, releases, consents, approvals, immunities or other rights not yet obtained; (c) the Services, including, without limitation, any Deliverables (as defined below) required hereunder, shall be free from material errors or other defects and shall substantially conform to any specifications for such Services and/or deliverables; and (d) any deliverables or other materials delivered to the Company or any of its affiliates in connection with this Agreement (the "Deliverables") (and the exercise of the rights granted herein with respect thereto) do not and shall not infringe, misappropriate or violate any patent, copyright, trademark, trade secret, publicity, privacy or other rights of any third party, and are not and shall not be defamatory or obscene.

5

7.            Deliverables.  The Company is and shall be, the sole and exclusive owner of all rights, title and interest throughout the world in and to the results and proceeds of the Services performed un this Agreement, including but not limited to any Deliverables.  The Consultant hereby agrees that the Deliverables are hereby deemed a "work made for hire" as defined in 17 U.S.C. §101 for the Company.   If, for any reason, any of the Deliverables do not constitute a "work made for hire", the Consultant hereby irrevocably assigns to the Company, in each case without additional consideration, all of his right, title and interest throughout the world in and to the Deliverables.  Any assignment of copyrights under this Agreement includes all rights of paternity, integrity, disclosure and withdrawal and any other rights that may be known as "moral rights" (collectively, "Moral Rights").  The Consultant hereby irrevocably waives, to the extent permitted by applicable law, any and all claims you may now or hereafter have in any jurisdiction to any Moral Rights with respect to the Deliverables.  The Consultant hereby acknowledges and agrees that (a) he has no right or license to use, publish, reproduce, prepare derivative works based upon, distribute, perform, or display any Deliverables, and (b) he has no right or license to use the Company's trademarks, service marks, trade names, trade names, logos, symbols or brand names.

8.            Indemnification.  The Consultant shall indemnify and hold harmless, and at the Company's request defend, the Company and its affiliates, successors and assigns (and its and their officers, managers, employees, customers and agents) from and against any and all claims, losses, liabilities, damages, settlements, expenses and costs (including, without limitation, attorneys' fees and court costs) which arise out of or relate to (a) any breach (or claim or threat thereof that, if true, would be a breach) of this Agreement by the Consultant, including, without limitation, any breach or alleged breach of any representation or warranty of the Consultant set forth in Section 6; or (b) any third party claim or threat thereof that the Services (or the exercise of the rights granted herein with respect thereto) infringe, misappropriate or violate any patent, copyright, trademark, trade secret, publicity, privacy or other rights of any third party, or are defamatory or obscene.

9.            Miscellaneous.

(a)            Entire Agreement.  This Agreement is the final, complete and exclusive agreement between the parties relating to the subject matter hereof, and supersedes all prior or contemporaneous discussions, proposals, negotiations, understandings, representations, warranties, promises, agreements and other communications, whether oral or written, between the parties relating to such subject matter and all past courses of dealing or industry customs.

(b)            Severability.  If the application of any provision of this Agreement to any particular facts or circumstances shall for any reason be held to be invalid, illegal or unenforceable by a court, arbitration panel or other tribunal of competent jurisdiction, then (i) the validity, legality and enforceability of such provision as applied to any other particular facts or circumstances, and the other provisions of this Agreement, shall not in any way be affected or impaired thereby, and (ii) such provision shall be enforced to the maximum extent possible so as to effect the intent of the parties.  If, moreover, any provision contained in this Agreement shall for any reason be held to be excessively broad as to duration, geographical scope, activity or subject, it shall be construed by limiting and reducing it, so as to be enforceable to the extent compatible with applicable law.

6

(c)            Governing Law.  This Agreement is to be construed in accordance with and governed by the internal laws of the State of Utah without giving effect to any choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws of the State of Utah to the rights and duties of the parties.

(d)            Jurisdiction and Venue.  Any legal suit, action or proceeding arising out of or relating to this Agreement shall be commenced in a federal or state court located in the County of Utah, Utah, and each party hereto (i) irrevocably submits to the exclusive jurisdiction and venue of any such court in any such suit, action or proceeding, and (ii) irrevocably waives (to the extent permitted by applicable law) any objection which it now or hereafter may have to the laying of venue of any such action or proceeding brought in any of the foregoing courts in and of the State of Utah, and any objection on the ground that any such action or proceeding in any such court has been brought in an inconvenient forum.

(e)            WAIVER OF JURY TRIAL.  EACH OF THE PARTIES HEREBY WAIVES ITS RIGHT TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR RELATED TO THIS AGREEMENT, OR THE TRANSACTIONS CONTEMPLATED HEREBY, IN ANY ACTION, PROCEEDING OR OTHER LITIGATION OF ANY TYPE BROUGHT BY ANY PARTY AGAINST THE OTHER PARTY, WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT CLAIMS, OR OTHERWISE.  EACH OF THE PARTIES AGREES THAT ANY SUCH CLAIM OR CAUSE OF ACTION SHALL BE TRIED BY A COURT WITHOUT A JURY.  WITHOUT LIMITING THE FOREGOING, THE PARTIES FURTHER AGREE THAT THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY IS WAIVED BY OPERATION OF THIS SECTION AS TO ANY ACTION, COUNTERCLAIM OR OTHER PROCEEDING WHICH SEEKS, IN WHOLE OR IN PART, TO CHALLENGE THE VALIDITY OR ENFORCEABILITY OF THIS AGREEMENT OR ANY PROVISION HEREOF.  THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT.

(f)            Fees and Costs.  The prevailing party or parties in any arbitration, mediation, court action, or other adjudicative proceeding arising out of or relating to this Agreement shall be reimbursed by the party or parties who do not prevail for their reasonable attorneys', accountants', and experts' fees and for the costs of such proceeding.  For purposes of this Section 9(f), "prevailing party" includes, without limitation, a party who agrees to dismiss an action or proceeding upon the other's payment of sums allegedly due or performance of the covenants allegedly breached, or who obtains substantially the relief sought.  The provisions set forth in this Section 9(f) shall survive the merger of these provisions into any judgment.

(g)            Waiver.  The waiver by either party of a breach of or a default under any provision of this Agreement shall not be effective unless in writing and shall not be construed as a waiver of any subsequent breach of or default under the same or any other provision of this Agreement, nor shall any delay or omission on the part of either party to exercise or avail itself of any right or remedy that it has or may have hereunder operate as a waiver of any right or remedy.

(h)            Modification.  No amendment or modification to this Agreement shall be valid or binding upon the parties unless in writing and signed by each party.

7

(i)            Assignment.  The Consultant acknowledges that the Company has entered into this Agreement on the basis of the particular abilities of the Consultant.  Accordingly, the Company shall be entitled to assign, sell, transfer, delegate or otherwise dispose of, whether voluntarily or involuntarily, by operation of law or otherwise, this Agreement and any of its rights or obligations of this Agreement, but the Consultant shall not and shall not have the right to assign, sell, transfer, delegate or otherwise dispose of, whether voluntarily or involuntarily, by operation of law or otherwise, this Agreement or any of its rights or obligations under this Agreement without the prior written consent of the Company.  Except as provided herein, any purported assignment, sale, transfer, delegation or other disposition by the Consultant, except as permitted herein, shall be null and void.  Subject to the foregoing, this Agreement shall be binding upon and shall inure to the benefit of the parties and their respective successors and permitted assigns.

(j)            Remedies.  All rights and remedies hereunder shall be cumulative, may be exercised singularly or concurrently and, unless otherwise stated herein, shall not be deemed exclusive.

(k)            Notices.  All notices, invoices, payments, and other communications made under this Agreement (each, a "Notice") shall be in writing and sent to the appropriate party at the address set forth for such party on the signature page below, or at such other address as such party may designate by ten (1) days  advanced Notice to the other party in accordance with this Section 9(k).  Notice shall be given when received on a business day by the addressee.  In the absence of proof of the actual receipt date, the following presumptions will apply: (i) Notices sent by electronic means, including facsimile and electronic mail shall be deemed to have been received upon the sending Party's receipt of its confirmation of successful transmission, such as facsimile machine's confirmation or the "return receipt requested" function for electronic mail, provided, that if the day on which such electronic communication is received is not a business day or is after five (5:00) p.m. local time at the recipient party's address to where deliver is made, then such electronic communication shall be deemed to have been received on the next following business day; (ii) Notice sent by overnight mail or courier shall be deemed to have been received on the next business day after it was sent or such earlier time as confirmed by the receiving party or courier; and (iii) Notice sent by first class mail, postage prepaid, shall be deemed received five (5) business days after mailing.

(l)            Construction.  The captions and section and paragraph headings used in this Agreement are inserted for convenience only and shall not affect the meaning or interpretation of this Agreement.  The construction of this Agreement shall not take into consideration the party who drafted or whose representative drafted any portion of this Agreement, and no canon of construction shall be applied that resolves ambiguities against the drafter of the document.

(m)            Exhibits.  All Exhibits attached hereto are hereby incorporated by reference into, and made a part of, this Agreement.

(n)            Counterparts.  This Agreement may be executed in any number of counterparts, each of which shall be deemed an original of this Agreement, but all of which together shall constitute one and the same instrument.  This Agreement may be executed and delivered by facsimile, or by email in portable document format (.pdf) and delivery of the executed signature page by such method will be deemed to have the same effect as if the original signature had been delivered to other the parties.

8

(o)            Relationship of Parties.  This Agreement shall not be construed as creating an agency, partnership, joint venture or any other form of association, for tax purposes or otherwise, between the parties, and the parties shall at all times be and remain independent contractors.  Except as expressly agreed by the parties in writing, neither party shall have any right or authority, express or implied, to assume or create any obligation of any kind, or to make any representation or warranty, on behalf of the other party or to bind the other party in any respect whatsoever.

(p)            Parties in Interest.  Except as otherwise specifically provided herein to the contrary, nothing in this Agreement shall confer any rights or remedies under or by reason of this Agreement on any person other than the parties hereto and their respective permitted successors and assigns nor shall anything in this Agreement relieve or discharge the obligation or liability of any third person to any party to this Agreement, nor shall any provision give any third person any right of subrogation or action over or against any party to this Agreement.  The parties hereby designate the Company's affiliates who are the recipient of the Services as third party beneficiaries hereto with the right to enforce the terms hereof.

[SIGNATURES TO FOLLOW]

9

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

 

	
"COMPANY"

	 
	
ACTIVECARE, INC.,

	
a Delaware corporation

	 
	
By:

	
Name:

	
Title:

	 
	Attn:
	Telephone:  (___)
	Facsimile: (___) _____________
	Email:
	 
	 
	
"CONSULTANT"

	 
	
BlueStone Advisors, LLC

	 
	
By:

	 
	
Its:

	 
	
Address:

	 
	Telephone:
	  Facsimile:

10

  

EXHIBIT A

DESCRIPTION OF THE SERVICES

1.            Any services reasonably requested by the Company that are necessary or useful for the operation and growth of the Business.

2.            Providing advice and assistance regarding the Company's and its affiliates' businesses, including without limitation, developing business plans, making introductions to potential customers and/or suppliers, identifying qualified employees and other service providers, meeting with the Company's and its affiliates' respective managers, officers, employees, agents, investors and other financial sources, and other service providers regarding the business, prospects and affairs of the Company and its affiliates.

 

11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}]]