Document:

Consulting
Services Agreement

 

This
Consulting Services Agreement (the “Agreement”) is entered this
1st of February 2018 between Larry Bornstein, located at 8005 Valhalla Drive, Florida 33446 (“Consultant”),
and Cyclone Power Technologies, Inc., located at 601 NE 26th Ct., Pompano Beach, FL 33064 (“Company”).

 

WHEREAS,
the Company requires the services of an expert to advise in financial, business and banking/investor matters, and the Consultant
has such experience and expertise;

 

NOW
THEREFORE, in consideration of the premises and the mutual covenants and agreements of the parties hereinafter set forth,
the parties hereto hereby agree as follows:

 

	Engagement
	 	 	 
	 	1.	Company
    hereby engages Consultant and Consultant hereby accepts the engagement to become a business consultant to the Company and
    to render such advice, consultation, information, and services to the Directors and/or Officers of the Company regarding public
    company financials and audit for the Company. Specifically, the Consultant shall be the lead for the company in dealing with
    the auditors and the company to completely manage the audit process, manage its timing, conference calls, all document flow
    and any other items required to complete the audit and public reporting. Additionally, Consultant will be able to work with
    Company and other Consultants to complete budgets, forecasting and going forward projections for the company, as well as assisting
    in documents used to help with acquisitions and mergers and capital raising. It shall be expressly understood that Consultant
    shall have no power to bind Company to any contract or obligation or to transact any business in Company’s name or on
    behalf of Company in any manner.
	 	 	 
	Term
	 	 	 
	 	2.	The
    term (“Term”) of this Agreement shall commence on
    the date hereof and continue for twelve months (12) months. This Agreement may be terminated on a 30-day notice by the Company
    prior to, or immediate by the Company in the case of a breach by the Consultant of this Agreement. In the case of an early
    termination, the Company shall have no further obligations to the Consultant as of the date of termination. This Agreement
    shall be extended for twelve (12) months terms at the end of the initial Term, unless either party gives notice within ten
    (10) days prior to the new term of its desire to terminate this Agreement.
	 	 	 
	Compensation
    and Fees
	 	 	 
	 	3.	Company
    agrees starting February 1, 2018 to pay and deliver to Consultant $10,000 worth of restricted common stock of the Company
    (the “Stock Consideration”) per month (convertible at a reasonable agreed discount) for its services during the
    Term hereof and shall be considered earned on the first of each month (even if actual certificate is issued at a later date)

 

    	1

    	 

    

 

	 	4.	The
    Stock shall be bearing all appropriate legends. Shares shall be considered earned by Consultant at 1st of each
    month in which they were earn. As an example, the Consultant will earn $10,000 worth of stock February 1, 2018, if they payment
    of shares to satisfy this payment happens November 1, 2018, the tacking period of when they debt was incurred by the company
    to the Consultant would be February 1, 2018.
	 	 	 
	Representations,
    Warrants and Covenants
	 	 	 
	 	5.	The
    Company represents, warrants and covenants to the Consultant that Company has the full authority, right, power and legal capacity
    to enter into this Agreement and to consummate the transactions provided for herein.
	 	 	 
	 	6.	In
    the performance of its duties hereunder, the Consultant represents, warrants and covenants to the Company that it shall comply
    with all laws, rules and regulation of the Securities Exchange Commission, FINRA, any securities exchange that the Company’s
    securities are then listed, the Federal Trade Commission and any and all other regulatory bodies. Consultant hereby indemnifies
    and holds the undersigned and the Company harmless for any breach of this paragraph including a reasonable sum for attorney
    fees.
	 	 	 
	 	7.	The
    Consultant further represents that it and all individuals associated with it shall at all times conduct its business in a
    legal manner subject to all state and federal securities laws. This Agreement may be terminated immediately if this provision
    is breached or if any facts become known to the Company, in the Company’s sole and absolute discretion, that would lead
    it to believe otherwise, or that may do harm to the image and reputation of the Company.
	 	 	 
	Exclusivity;
    Performance; Confidentiality
	 	 	 
	 	8.	The
    services of Consultant hereunder shall not be exclusive, and Company may hire other consultants to perform similar or the
    same services. The Consultant agrees that it will, at all times, faithfully and in a professional manner perform all of the
    duties that may be reasonably required of the Consultant pursuant to the terms of this Agreement.
	 	 	 
	 	9.	Consultant
    acknowledges and agrees that confidential and valuable information proprietary to Company and obtained during its engagement
    by the Company, shall not be, directly or indirectly, disclosed without the prior express written consent of the Company,
    unless and until such information is otherwise known to the public generally or is not otherwise secret and confidential.
	 	 	 
	Litigation
    and Fees
	 	 	 
	 	10.	Any
    controversy or claim arising out of or relating to this Agreement, or breach thereof, may be resolved by mutual agreement;
    or if not, shall be settled in accordance with Florida, in the courts of Palm Beach County. The prevailing party shall be
    entitled, in addition to such other relief as many be granted, to a reasonable sum for attorney’s fees.

 

    	2

    	 

    

 

	Notices
	 	 	 
	 	11.	Any
    notice or other communication required or permitted hereunder must be in writing and sent by either (i) certified mail, postage
    prepaid, return receipt requested and first-class mail, (ii) overnight delivery with confirmation of delivery, or (iii) facsimile
    transmission with an original mailed by first class mail, postage prepaid.
	 	 	 
	Additional
    Provisions
	 	 	 
	 	12.	No
    waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision and
    no waiver shall constitute a continuing waiver. No waiver shall be binding unless executed in writing by the party making
    the waiver. No supplement, modification, or amendment of this Agreement shall be binding unless executed in writing by all
    parties.
	 	 	 
	 	13.	This
    Agreement constitutes the entire agreement between the parties and supersedes any prior agreements or negotiations. There
    are no third-party beneficiaries of this Agreement. This Agreement shall be governed by and construed in accordance with the
    internal laws of the State of Florida, regardless of laws of conflicts.
	 	 	 
	Counterparts
	 	 	 
	 	14.	This
    Agreement may be executed simultaneously in one or more counterparts, each of which shall be deemed an original, but all of
    which together shall constitute one and the same instrument.
	 	 	 
	 	15.	For
    reporting purposes in public flings, this agreement shall be reported as “Bornstein Consulting Agreement dated February
    1, 2018”

 

    	 	3	 

    	 

    

 

In
Witness Whereof, the parties hereto have
entered into this Agreement on the date first written above.

 

	 	Cyclone
    Power Technologies, Inc.
	 	 	 
	 	By:	 
	 	 	Frankie
    Fruge, President/Director
	 	Date:	 
	 	 	 
	 	By:	 
	 	 	Larry
    Bornstein
	 	Date:	 

 

    	4Exhibit 10.1

 

 

May
23, 2018

 

Mr.
John Beck

2360
Nabal Street

Escondido,
CA 92025

 

Dear
Mr. Beck:

 

This
letter sets forth the terms of your employment with Ritter Pharmaceuticals, Inc. (the “Company”). You shall be employed
with the Company as the Chief Financial Officer with all of the duties, authorities and responsibilities commensurate with such
position and shall report to the Chief Executive Officer of the Company.

 

Start
Date

 

Your
employment with the Company will commence on May 24, 2018 (the “Effective Date”).

 

Compensation

 

Base
Salary: You will receive an annual base salary of $320,000, paid semi-monthly in accordance with the Company’s payroll
practice.

 

Bonus
Compensation: You will have the opportunity to earn an annual bonus based upon a percentage of your base salary and the
achievement of specific performance measures as determined by the Company. Your initial target bonus opportunity percentage equals
forty percent (40%). The Company will review your base salary and bonus opportunities at least annually for adjustments.

 

Severance:
You will be eligible for severance benefits under the Company’s policy for employees in positions comparable to yours
or pursuant to the terms, if any, of a separate agreement with the Company.

 

Stock
Option: Following the Effective Date, the Company will grant you an option, pursuant to the Company’s 2015 Equity
Incentive Plan (as amended from time to time, the “Plan”), to purchase 100,000 shares of the Company’s common
stock (the “Common Stock”) (the “Stock Option”) at a per-share exercise price equal to the closing price
for a share of the Common Stock as quoted on The NASDAQ Capital Market as of the date of grant, or if there are no sales of Common
Stock on the date of grant, the last preceding date for which such quotation exists as reported in The Wall Street Journal.
The Option shall be subject to four (4) year vesting, with twenty-five percent (25%) of the shares subject to the Option vesting
on the first anniversary of the Effective Date and the remaining shares vesting in thirty-six (36) equal monthly installments
at the end of each succeeding month. You will only have the right to exercise the Option with respect to shares that have vested.
The Option will be evidenced by the Company’s standard form of Stock Option Agreement.

 

    	 

    	 

    

 

Mr.
John Beck

May 23, 2018

Page -2-

 

Benefits

 

You
will be entitled to receive all employee benefits that the Company customarily makes available to employees in positions comparable
to yours. The Company currently provides employees in positions comparable to yours with two (2) weeks vacation per year. Additionally,
you will be eligible to receive additional equity award grants pursuant to the terms of the Company’s equity compensation
plans. You will also be entitled to receive up to $2,000.00 a month as reimbursement for reasonable travel and housing expenses
incurred by you in connection with your commuting to Los Angeles from Escondido. As business needs arise and require your presence
in the Los Angeles office more regularly, the Company will reimburse you for such additional reasonable expenses as may be pre-approved
by the Chief Executive Officer.

 

Governing
Law

 

The
validity, interpretation, construction and performance of the provisions of this letter shall be governed by the laws of the State
of California without reference to principles of conflicts of laws that would direct the application of the law of any other jurisdiction.

 

Severability

 

The
invalidity or unenforceability of any provision of this letter will not affect the validity or enforceability of the other provisions
of this offer letter, which will remain in full force and effect. Moreover, if any provision is found to be excessively broad
in duration, scope or covered activity, the provision will be construed, and to the extent necessary will be deemed to be amended,
so as to be enforceable to the maximum extent compatible with applicable law.

 

Employment
Relationship; Modification of Terms of Offer

 

Please
be advised that neither this letter nor any statement made by the Company or its parent, subsidiaries or affiliates is intended
to be a contract of employment for a definite period of time. That means that the employment relationship established by this
letter is “at will” and either you or the Company may terminate the employment relationship at any time and for any
reason, with or without cause or notice. The Company may from time to time and in its own discretion, change the terms and conditions
of your employment with or without notice.

 

To
indicate your acceptance, please sign and return the enclosed copy of this letter to me by May 23, 2018.

 

Sincerely,

 

	Ritter
    Pharmaceuticals, Inc.	 
	 	 	 
	By:	/s/
    Andrew J. Ritter	 
	 	Andrew
    J. Ritter	 
	 	President	 
	 	                                                    	 
	ACCEPTED:	 
	 	 	 
	 	/s/ John
    Beck	 
	 	John
    Beck	 
	 	 	 
	Date: 	May
    22, 2018

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