Document:

Exhibit
10.2 

 

CONSULTING
AGREEMENT

 

This
Consulting Agreement (“Agreement”) is made as of the 1st day of April, 2018 (“Effective Date”),
between Hudson Global, Inc. (“Company”) and Stephen A. Nolan (“Consultant”). By executing this Agreement,
Company and Consultant agree to be bound by the terms and conditions set forth below.

 

1.         Consulting
Services. From April 1, 2018 through June 30, 2018 (the “Consulting Term”), Consultant will make himself reasonably
available to assist the Chief Executive Officer during the transition (the “Services”). The Company and Consultant
anticipate that the transition and customer related assistance will be substantially complete by the end of April 2018, and that
after such date through the end of the Consulting Term Consultant will remain available by telephone for adhoc requests. In such
role, Consultant will report to the Chief Executive Officer of the Company.

 

2.         Independent
Contractor. The parties intend and agree that Consultant will act during the Consulting Term as an independent contractor
and shall not be deemed an employee or agent of the Company for any purpose whatsoever in performance of the Services. Consultant
shall have no right or authority to make or undertake any promise, warranty or representation, to execute any contract or otherwise
to assume any obligation or responsibility in the name or on behalf of the Company.

 

3.         Payment.
In consideration for the Services, the Company shall pay Consultant a consulting fee of US$135,000.00 (the “Consulting Fee”)
for the Consulting Term. Such amount shall be paid in monthly installments, in the amount of US$45,000.00 each, at the end of
each month during the Consulting Term. Consultant shall be solely responsible for any income taxes to which the Consulting Fee
is subject. In addition, the Company shall pay (or promptly reimburse Consultant) for cell phone services during the Consulting
Term and shall reimburse Consultant for pre-approved expenses incurred in the performance of the Services based upon applicable
receipts.

 

4.         Termination.
The Consulting Term will terminate prior to June 30, 2018 upon any of the following: (i) Consultant’s death, (ii) the Company’s
notice to Consultant of termination of his Services due to Consultant’s breach of this Agreement, which notice shall provide
written detail of the breach and give Consultant at least five (5) days to cure such breach prior to the termination becoming
effective, or (iii) the Company’s notice to Consultant of termination of his Services due to the Company no longer requiring
his Services. Upon termination of the Consulting Term under 4(i) or 4(ii), Consultant (or his estate, in the event of his death)
will be entitled to receive the portion of the monthly installment payment for the period through the date the termination is
effective, and thereafter shall not be entitled to receive any additional payments for the Services. Upon termination of the Consulting
Agreement under 4(iii), Consultant will be entitled to receive any unpaid portion of the Consulting Fee.

 

5.         Work
Product. Any work product of any type whatsoever, whether tangible or intangible, which Consultant invents, creates, discovers
or otherwise produces in connection with this Agreement (“Work Product”) are works made for hire. In the event any
Work Product is determined not to be a work made for hire, Consultant shall assign in perpetuity his entire right, title and interest
in the Work Product to the Company, as directed.

 

    1 

     

    

 

6.         Company
Information. At the end of the Consulting Term, Consultant represents and warrants that Consultant will, on or before such
date, deliver to the Company the original and all copies of all documents, records, and property of any nature whatsoever which
are in Consultant’s possession or control and which are the property of the Company or which relate to Confidential Information
(as described below), or to the business activities, facilities, or customers of the Company, including any records (electronic
or otherwise), documents or property created by Consultant.

 

7.         Confidentiality.
Consultant agrees that during and for 12 months after the Consulting Term, Consultant shall maintain the confidentiality of any
and all information about the Company which is not generally known or available outside the Company, including without limitation,
strategic plans, technical and operating know-how, business strategy, trade secrets, customer information, business operations
and other proprietary information (“Confidential Information”), and Consultant will not, directly or indirectly, disclose
any Confidential Information to any person or entity, or use any Confidential Information, whether for the benefit of Consultant
or the benefit of any new employer or any other person or entity, or in any other manner that is detrimental to or inconsistent
with any interest of the Company. Except as permitted in writing by the Company or as required by applicable law, Consultant agrees
not to discuss this Agreement publicly.

 

8.         Miscellaneous.
All notices and other communications in connection with this Agreement shall be in writing sent to the addresses set forth below.
Nothing in this Agreement shall be construed as creating an agency, partnership, joint venture, employment or any other form of
legal association between the parties, other than as explicitly set forth herein. This Agreement (i) constitutes the entire agreement
between the parties with respect to the consulting services provided for herein and supersedes any previous oral or written agreements,
arrangements or understandings relating thereto, (ii) shall be governed by the laws of the State of New York (other than the conflicts
of laws provisions thereof), and each party consents to (and waives any objection to) the jurisdiction of and venue in the state
and municipal courts located in the City of New York, New York and the United States District Court for the Southern District
of New York (iii) may be amended, terminated or waived only in a writing signed by both parties, and (iv) may not be assigned
or subcontracted, in whole or in part, directly or indirectly, by operation of law or otherwise, by Consultant. Any forbearance
or delay on the part of either party in enforcing any provision of this Agreement or any of its rights hereunder shall not be
construed as a waiver of such provision. If any provision of this Agreement is held unenforceable for any reason, such provision
shall be reformed only to the extent necessary to make it enforceable, and such holding shall not impair the validity, legality
or enforceability of the remaining provisions.

 

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	 	HUDSON GLOBAL, INC.	 	STEPHEN
    A. NOLAN
	 	 	 	(Name of Consultant)
	 	 	 	 
	 	/s/ Philip A. Skalski	 	/s/ Stephen A. Nolan
	By:	 	 	 
	 	(sign here)	 	(sign here)

 

Name:
Philip A. Skalski

 

Title: Corporate Counsel
and Corporate Secretary 

 

[Signature
Page to April 1, 2018 Consulting Agreement]

 

3Exhibit 10.12

Promissory Note

$___________ Date

Blackridge Technology International, Inc. (the "Obligor"), hereby promises to pay to the order of ___________ and his lawful successors and assigns (the "Holder"), the principal sum of ___________ and no/100 DOLLARS ($___________ ) on ___________ plus any accrued but unpaid interest.  The Obligor shall pay interest on the outstanding principal amount from the date hereof until the principal is paid in full at the rate of 8.0% per annum, payable annually in cash on each ___________until maturity, and, upon default and/or after maturity at a rate of 15.0% per annum.  All payments will be made to the Holder, at such address as the Holder may designate, in money of the United States of America.    This Note shall automatically convert into the Obligor's Series B Preferred Stock at $.32 per share or ___________shares once converted, convertible after ___________.    Additionally, as part of this transaction, the Holder is being granted one (1) warrant with a 5-year term and a $.32 cent per share exercise price (cash exercise) with 100% warrant coverage or ___________warrants.  After closing, the Obligor shall deliver a form of Warrant to the Holder in form and substance consistent with other Obligor warrants.

1. Remedies.

	
a.

	
Events of Default.  "Event of Default," wherever used herein, means any one of the following events:

	
i.

	
default in the payment of the principal of this Note at its maturity or any interest payment; or

	
ii.

	
the entry by a court having jurisdiction in the premises of (A) a decree or order for relief in respect of  the Obligor in an involuntary case or proceeding under any applicable federal or state bankruptcy, insolvency, reorganization or other similar law or (B) a decree or order adjudging the Obligor a bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Obligor under any applicable federal or state law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Obligor or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order for relief or any such other decree or order unstayed and in effect for a period of 60 consecutive days; or

	
iii.

	
the commencement by The Obligor of a voluntary case or proceeding under any applicable federal or state bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to the entry of a decree or order for relief in respect of The Obligor in an involuntary case or proceeding under any applicable federal or state bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable federal or state law, or the consent by it to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or similar official of The Obligor or of any substantial part of its property, or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action by The Obligor in furtherance of any such action; or

	
iv.

	
The dissolution of The Obligor; or

	
v.

	
Any representation or warranty made to the Holder by The Obligor pursuant to this Note is false or misleading in any material respect; or

	
vi.

	
The Obligor fails to observe or perform any material covenant or agreement made by the Obligor to the Holder pursuant to this Note.

	
b.

	
Acceleration of Maturity.  If any Event of Default occurs and is continuing, then and in every such case the Holder may declare the principal on this Note to be due and payable immediately, by a notice in writing to the Obligor, and upon any such declaration such principal shall become immediately due and payable.

	
c.

	
Payment of Expenses.  If any part of the Aggregate Balance is not paid when due, or if the Obligor fails to perform any obligation required hereunder, the Obligor shall pay any and all reasonable costs of collection or enforcement of all outstanding obligations under this Note incurred by the Holder, including reasonable attorneys' fees and expenses.

2. Prepayment.   The Obligor may prepay this Note without penalty in full at any time.

3. Notices.  All notices and communications provided for herein or made hereunder shall be delivered, or mailed first class with postage prepaid, or faxed, addressed in each case as follows, until some other address shall have been designated in a written notice given in like manner, and shall be deemed to have been given or made when so delivered or mailed or faxed:

(a) if to the Obligor:

BlackRidge Technology

5390 Kietzke Lane Suite 104

Reno, NV 89511

(b) if to the Holder:

Address on Subscription Agreement

or to such other person or address as the party entitled to notice hereunder shall designate by notice in accordance with this Note.

4. Miscellaneous.

	
a.

	
This Note may be amended only by a writing signed by the Obligor and the Holder.  All covenants and agreements in this Note by the Obligor shall bind its successors and assigns.

	
b.

	
In case any provision in this Note shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.  Specifically, if the interest rate on this Note is deemed to exceed some statutory maximum, the interest rate will be reduced to the legal maximum.

	
c.

	
The Obligor shall pay any stamp, transfer or other taxes or regulatory fees that may be imposed on any transaction contemplated by this Note.

	
d.

	
This Note shall be governed by and construed in accordance with the laws of the State of Nevada without regard to the principles of conflicts of laws thereof.

	
e.

	
This Note constitute the full and entire understanding between the Obligor and the Holder with respect to the subject matter hereof and thereof.

	
f.

	
This Note is binding on the Obligor, and the Obligor, and all sureties, guarantors and endorsers hereby waive presentment, demand, notice and protest and any defense by reason of an extension of time for payment or other indulgences.  Failure of, or delay by, the Holder to assert any right herein shall not be deemed to be a waiver thereof, nor shall any such failure or delay on any one or more occasions be deemed to prohibit or waive the same or any other right on any future occasion.

IN WITNESS WHEREOF, the Obligor has caused this instrument to be duly executed as of the date first written above.

BLACKRIDGE TECHNOLOGY INTERNATIONAL, INC.

By:__________________________________

John H. Bluher, CFO

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