Document:

Converted by EDGARwiz

SALES AGREEMENT

THIS SALES AGREEMENT is made as of October 31, 2017, by and between Canbiola, Inc., a Florida corporation (the “Company”) and Christy Davies, an individual resident of Utah (the “Salesperson”).

WHEREAS, the Company sells products such as oils, creams, moisturizers, chews, vapes, isolate, gel caps, concentrates and water infused with Cannabidiol (“CBD”) derived from industrial hemp imported from overseas (the “Products”). 

WHEREAS, Salesperson is recognized and widely known throughout the United States.

WHEREAS, the Company wishes to engage Salesperson to sell Products on the Company’s behalf, subject to the terms and conditions of this Agreement.

NOW, THEREFORE, in consideration of the above recitals and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and Salesperson hereby agree as follows:

     1.   Appointment of Salesperson.

          (a)  Appointment: Upon the terms and conditions of this Agreement, the Company hereby appoints the Salesperson as an authorized non-exclusive salesperson of the Company's Products within the territories set forth in Schedule A attached hereto and incorporated herein, as the same may be amended by the parties from time-to-time (“Territory”), and Salesperson hereby accepts such appointment.  In such capacity, the Salesperson will solicit customer orders for the Company’s Products and will devote his continuing best efforts to the promotion and sale of such Products in the Territory.

          (b)  Reservation of Rights by the Company. The Company reserves the right to take the following actions within the Salesperson's Territory: (i) to appoint or be represented by other or additional salespersons; (ii) to make sales directly to any or all customers of the same and/or other Company products, and (iii) to sell exclusively, on a direct basis, to certain types of customers or specific accounts which Company may, in its sole discretion, designate from time to time in accordance with then current Company policies. 

          (c)  Addition, Discontinuance and Modification of Products. The Company shall have the right at any time to introduce new Products, discontinue the manufacture or sale of any of its Products and make changes in the design or construction of any of such Products without incurring any obligation or liability whatsoever. The Company will give the Salesperson thirty (30) days prior notice of any discontinuance of a Product.

          (d)  License. Salesperson grants to the Company the exclusive right and license during the term of this Agreement to use Salesperson’s name, nickname, initials, autograph, facsimile signature, photograph, likeness, and/or endorsement (the “Likeness”) in connection with the advertisement, promotion, and sale of the Products as well as the right to use such Likeness on the Product and related packaging

     2.   Product Orders. All customer orders for Products received by Salesperson shall be transmitted to the Company in writing or by fax or e-mail. (A telephone request to purchase, or to modify an existing order, shall not be considered an order unless and until followed up in writing.) Orders must be completed on pre-approved forms supplied by the Company. All orders shall be subject to acceptance by the Company. If accepted, Customers’ orders will be fulfilled and shipped directly by the Company according to its standard policies and procedures.

      3.    Compensation. Salesperson shall receive compensation equal to 10% of the “Adjusted Gross Revenues” received by the Company from customer orders submitted by Salesperson (“Sales Fee”).  The Sales Fee for any month will be due on the tenth (10th) day of the month following the month in which the Sales Fee was earned. As used in this Agreement, “Adjusted Gross Revenues” shall mean all gross revenues received by the Company from customer orders placed through Salesperson, less the Company’s cost of goods sold for such Products and all sales, excise and similar taxes and expenses related to the sale of such Products.   

     4.   Trademarks.  The Salesperson shall have the right hereunder to represent that it is “an Authorized Salesperson of Company Products.” Any other use by the Salesperson of the Company’s trademarks must be in a form and format approved by the Company in advance of such usage.

     5.   Promotional Materials. During the term of this Agreement, the Company shall take reasonable action to assist the Salesperson in the Salesperson's efforts to promote and sell Products, including the provision of reasonable quantities of support materials such as product information and sales promotional literature.

     6.   Duties of the Salesperson.

          (a)  Sales Activities. The Salesperson agrees to use its best efforts vigorously and actively to promote the sale of Products in the Territory. 

          (b)  Advertising. Each printed advertisement, flyer, handbill, television spot, radio script, yellow pages listing, webpage or any other advertising or promotional material bearing or using the trademark or trade name “Canbiola” or pertaining to Products must be approved by the Company in writing prior to its use by the Salesperson. Such approval will not be unreasonably withheld or delayed.

          (c)  Reputation. The Salesperson shall continually maintain to the satisfaction of the Company a general reputation for honesty, integrity and good credit standing and shall maintain the highest quality standards.

          (d)  Competing Products. The Salesperson shall not, directly or indirectly, promote, advertise, manufacture, market, distribute or sell cannabis products not provided by the Company.

          (e)  Compliance with Law. The Salesperson shall comply with all laws, ordinances and regulations applicable to the Salesperson's business, including those relating to the sale of CBD or cannabis Products in the Territory. Notwithstanding the parties acknowledge that cannabis and its derivatives are illegal under federal law.  

          (f)  Expenses. The Salesperson shall pay and discharge, and the Company shall have no obligation to pay for, any expenses or costs of any kind or nature incurred by the Salesperson in connection with performing its function hereunder.

          (g)  If requested to do so by the Company, Salesperson agrees to make himself available at least four (4) times in each year of the term of this Agreement for photographs for use in advertising or for appearances.

     7.   Force Majeure. The Company shall be excused from delay or non-performance in the delivery of an order and the Salesperson shall have no claim for damage if and to the extent such delay or failure is caused by occurrences beyond the control of the Company including, but not limited to, market conditions; acts of God; war, acts of terrorism, riots and civil disturbances; expropriation or confiscation of facilities or compliance with any order or request of governmental authority; strikes, labor or employment difficulties whether direct or indirect; or any cause whatsoever which is not within the reasonable control of the Company..

     8.   Relationship of Parties: Indemnification of Company.

          (a)  Independent Contractor Status. The relationship of the parties established by this Agreement is that of vendor and vendee, and all work and duties to be performed by the Salesperson as contemplated by this Agreement shall be performed by it as an independent contractor. 

          (b)  No Authority to Bind Company. Nothing in this Agreement or otherwise shall be construed as constituting an appointment of the Salesperson as an agent, legal representative, joint venturer, partner, employee or servant of the Company for any purpose whatsoever. The Salesperson is not authorized to transact business, assign or create any obligation of any kind, express or implied, on behalf of the Company, or to bind it in any way whatsoever, or to make any contract, promise, warranty or representation on the Company's behalf with respect to Products sold by the Company or any other matter, or to accept any service of process upon the Company or receive any notice of any nature whatsoever on the Company's behalf.

          (c)  Indemnification. Under no circumstances shall the Company be liable for any act, omission, contract, debt or other obligation of any kind of the Salesperson or any salesman, employee, agent or other person acting for or on behalf of the Salesperson. The Salesperson shall indemnify and hold the Company harmless from any and all claims, liabilities, losses, damages or expenses (including reasonable attorneys, fees and costs) arising directly or indirectly from, as a result of, or in connection with, the Salesperson's operation of the Salesperson's business. The terms of this indemnity shall survive the termination of this Agreement.

     9.   Confidential Information.

          (a)  Definition. As used in this Section, “Proprietary Information” means information developed by or for the Company which is not otherwise generally known in any industry in which the Company is or may become engaged and includes, but is not limited to, information developed by or for the Company, whether now owned or hereafter obtained, concerning plans, marketing and sales methods, materials, processes, procedures, devices utilized by the Company, prices, quotes, suppliers, manufacturers, customers with whom the Company deals (or organizations or other entities or persons associated with such customers), trade secrets and other confidential information of any type, together with all written, graphic and other materials relating to all or any part of the same.

              (b) Non-Disclosure. Except as authorized in writing by the Company, the Salesperson shall not at any time, either during or after the term of this Agreement, disclose or use, directly or indirectly, any Proprietary Information of which the Salesperson gains knowledge during or by reason of this Agreement and the Salesperson shall retain all such information in trust in a fiduciary capacity for the sole use and benefit of the Company. In the event that the Salesperson operates one or more locations other than those set forth on Schedule A, the Salesperson shall not disclose any Proprietary Information to local management or employees of such other location(s).

       10.    Term and Termination.

              (a) Term. The term of this Agreement shall be for a period beginning on the date hereof and ending on the date one (1) year therefrom. Thereafter, this Agreement shall automatically renew for successive one (1) year periods unless either party gives to the other party written notice of termination at least thirty (30) days prior to the end of the initial or any renewal term.

              (b) Voluntary Termination. Either party may terminate this Agreement with thirty (30) days prior written notice to the other party. 

              (c) Default by the Salesperson. This Agreement may be terminated by the Company immediately upon Salesperson’s breach of any provision of this Agreement by providing Salesperson with written notice.

              (d) Effect on Outstanding Orders. Upon the effective date of termination of this Agreement, all outstanding orders from the Salesperson to the Company shall be completed and all compensation previously earned by Salesperson will be paid by the Company within thirty (30) days from the date of termination of this Agreement. .

              (e) Return of Company Property. Upon termination of this Agreement for any reason, the Salesperson shall promptly return to the Company any property of the Company, including, without limitation, all sales and marketing documents, manuals and other records and proprietary information of the Company, as well as any samples in the Salesperson's possession or control. The Salesperson agrees that it will not make or retain any copy of, or extract from, such property or materials. 

       11.    General.

              (a) Waiver. Failure of either party at any time to require performance by the other party of any provision hereof shall not be deemed to be a continuing waiver of that provision, or a waiver of its rights under any other provision of this Agreement, regardless of whether such provision is of the same or a similar nature.

              (b) Complete Agreement. This Agreement (including the exhibits hereto and all documents and papers delivered pursuant hereto and any written amendments hereof executed by the parties to this Agreement) constitutes the entire agreement, and supersedes all prior agreements and understandings, oral and written, among the parties to this Agreement with respect to the subject matter hereof. This Agreement may be amended only by written agreement executed by all of the parties hereto. No purchase order or sales form will be applicable to any sales pursuant to this Agreement and only the terms of this Salesperson Agreement shall govern such sales.

              (c) Applicable Law; Jurisdiction and Venue. This Agreement shall be construed under, and governed by, the laws of the state of New York without resort to conflict of law principals. 

              (d) Severability. If any provision of this Agreement is unenforceable or invalid, the Agreement shall be ineffective only to the extent of such provisions, and the enforceability or validity of the remaining provisions of this Agreement shall not be affected thereby.

              (e) Assignment. This Agreement may not be transferred or assigned in whole or in part by operation of law or otherwise by the Salesperson without the prior written consent of the Company. 

              (f) Notices. Any notice or other communication related to this Agreement shall be effective if sent by first class mail, postage prepaid, to the address as may be designated in writing to the other party.

              (g)  Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one instrument. The parties hereto confirm that any electronic copy of another party’s executed counterpart of this Agreement (or such party’s signature page thereof) will be deemed to be an executed original thereof.

              (h)  Attorneys’ Fees and Cost of Collection. In the event of any action at law or in equity to enforce or interpret the terms of this Agreement, the parties agree that the party who is awarded the most money (which, for the avoidance of doubt, shall be determined without regard to any statutory fines, penalties, fees, or other charges awarded to any party) shall be deemed the prevailing party for all purposes and shall therefore be entitled to an additional award of the full amount of the attorneys’ fees, deposition costs, and expenses paid by such prevailing party in connection with arbitration or litigation without reduction or apportionment based upon the individual claims or defenses giving rise to the fees and expenses.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first set forth above.

SALESPERSON:

By: 

______________________________

       Christy Davies

COMPANY:

Canbiola, Inc.

By: _______________________

Printed Name: Marco Alfonsi

Title: CEO

       

1

Initials: _____, ______Converted by EDGARwiz

CONSULTING AGREEMENT

This Consulting Agreement (the "Consulting Agreement") made as of January 25rd 2018 by and between ______________________________-, ("Consultant") and Canbiola, Inc., 960 South Broadway Suite 120 Hicksville, NY 11801 (the "Company").

WITNESSETH

WHEREAS, the Company requires and will continue to require consulting services relating to product development, interfacing with the medical & alternative medicine communities and marketing to prospective clients and partners about its business; 

WHEREAS, Consultant can provide the Company with strategic planning and marketing  consulting services from a medical standpoint and is desirous of performing such services for the Company; and

WHEREAS, the Company wishes to induce Consultant to provide these consulting services to the Company subject to the terms of this Agreement.

NOW, THEREFORE, in consideration of the mutual covenants hereinafter stated, it is agreed as follows:

1.        APPOINTMENT.

The Company hereby engages Consultant and Consultant agrees to render services to the Company as a consultant upon the terms and conditions hereinafter set forth.

2.        TERM.

The term of this Consulting Agreement began as of the date of this Agreement, and shall terminate on January 25rd 2019, unless earlier terminated in accordance with paragraph 7 herein or extended as agreed to between the parties.

3.        SERVICES.

During the term of this Agreement, Consultant shall provide advice to, undertake for and consult with the Company concerning product development, interfacing with the medical & alternative medicine communities and marketing to prospective clients and partners about its business exclusively to the Company. During the term of this Agreement and for the period one year thereafter, Consultant will not, directly or indirectly, provide services similar to those contemplated by this Agreement and shall not participate in any business, in any form, competitive with the business of the Company in the territories in which the Company operates. Consultant agrees to provide the following enumerated services plus any additional services reasonably requested by the Company:

(a)        Take the role of member on the “medical advisor board” to the Company

(b)        Give input on new Hemp (CBD)-products based on consultant’s core expertise such as but not limited to hormone treatment, general health & fitness, detox, anti-aging lotions/salves, dieting supplements;

(c)        Advise the Company relative to patient testing and results, conduct and gather real life testimonials from users of Company’s products

(d)        The identification of potential clients/client groups and partners within the medical community. So long as such information obtained regarding any client and/or patience is obtained and treated in accordance to HIPAA privacy rules.

(e)        The Consultant has the discretion to attend or not attend medical related conferences.

4.        DUTIES OF THE COMPANY.

The Company shall provide Consultant, on a regular and timely basis, with all approved data and information about it, its subsidiaries, its management, its products and services and its operations as shall be reasonably requested by Consultant, and shall advise Consultant of any facts which would affect the accuracy of any data and information previously supplied pursuant to this paragraph.  The Company shall promptly supply Consultant with all brochures or other sales materials relating to its products or services.

             5.        COMPENSATION.

The Company shall compensate the Consultant with 300,000 restricted shares of stock which shall vest and be issued as follows:

Jan   25, 2018: 75,000

April  25, 2018: 75,000

July  25, 2018: 75,000

Oct  25, 2018: 75,000

6.        REPRESENTATION.

The Company represents and warrants that all information, marketing materials and data supplied to Consultant by the Company shall be true and correct to the best of the Company’s knowledge and the Company acknowledges its awareness that Consultant will rely on such continuing representation in disseminating such information and otherwise performing its advisory functions.  Consultant in the absence of notice in writing from the Company will rely on the continuing accuracy of material, information and data supplied by the Company, unless Consultant has independent knowledge of inaccuracy.  Consultant represents that he has knowledge of and is experienced in providing the aforementioned services.

7.        MISCELLANEOUS.

Termination:        This Agreement may be terminated by either Party upon written notice to the other Party for any reason which shall be effective five (5) business days from the date of such notice.  This Agreement shall be terminated immediately upon written notice for material breach of this Agreement. Any future compensation following termination will be automatically cancelled. 

Modification:        This Consulting Agreement sets forth the entire understanding of the Parties with respect to the subject matter hereof.  This Consulting Agreement may be amended only in writing signed by both Parties.

Notices:        Any notice required or permitted to be given hereunder shall be in writing and shall be mailed or otherwise delivered in person or by facsimile transmission at the address of such Party set forth above or to such other address or facsimile telephone number, as the Party shall have furnished in writing to the other Party.

Waiver:        Any waiver by either Party of a breach of any provision of this Consulting Agreement shall not operate as or be construed to be a waiver of any other breach of that provision or of any breach of any other provision of this Consulting Agreement.  The failure of a Party to insist upon strict adherence to any term of this Consulting Agreement on one or more occasions will not be considered a waiver or deprive that Party of the right thereafter to insist upon adherence to that term of any other term of this Consulting Agreement.

Assignment:        The shares due under this Agreement are assignable at the discretion of the Consultant. The obligations of Consultant may not be assigned and any such assignment may be null and void. 

Severability:        If any provision of this Consulting Agreement is invalid, illegal, or unenforceable, the balance of this Consulting Agreement shall remain in effect, and if any provision is inapplicable to any person or circumstance, it shall nevertheless remain applicable to all other persons and circumstances.

Disagreements:  Any dispute or other disagreement arising from or out of this Consulting Agreement shall be submitted to arbitration under the rules of the American Arbitration Association and the decision of the arbiter(s) shall be enforceable in any court having jurisdiction thereof.  Arbitration shall occur only in Los Angeles County, CA.  The interpretation and the enforcement of this Agreement shall be governed by California Law as applied to residents of the State of California relating to contracts executed in and to be performed solely within the State of California.  In the event any dispute is arbitrated, the prevailing Party (as determined by the arbiter(s)) shall be entitled to recover that Party's reasonable attorney's fees incurred (as determined by the arbiter(s)).

IN WITNESS WHEREOF, this Consulting Agreement has been executed by the Parties as of the date first above written.

January 25th 2018 

Marco Alfonsi CEO                                              CONSULTANT

___________________                                       _____________________________

Canbiola, Inc.                                                       Dr. Channing Coe

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