Document:

Exhibit 10.6

 

GLOBAL MEDICAL REIT INC.

2016 EQUITY INCENTIVE PLAN

 

LTIP UNIT VESTING AGREEMENT

 

	Name of Grantee:	[CEO: Jeffrey Busch][CFO: Robert J.
    Kiernan][CIO: Alfonzo Leon]
	Number of LTIP Units:	[ ____ ]
	Grant Date:	July 9, 2020
	Final Acceptance Date:	July 9, 2020
	 

Pursuant to the Global
Medical REIT Inc. 2016 Equity Incentive Plan, as amended from time to time (the “Plan”), and the Agreement of
Limited Partnership, dated as of March 14, 2016 (as amended from time to time, the “Partnership Agreement”),
of Global Medical REIT L.P., a Delaware limited partnership (“GMR OP”), Global Medical REIT Inc., a Maryland
real estate investment trust (the “Company”) and the sole member of Global Medical REIT GP LLC, a Delaware limited
liability company, the general partner of GMR OP (the “General Partner”), and for the provision of services
to or for the benefit of GMR OP in a partner capacity or in anticipation of being a partner, hereby grants to the Grantee named
above an Other Equity-Based Award (as defined in the Plan) in the form of, and by causing GMR OP to issue to the Grantee named
above, the number of LTIP Units specified above having the rights, voting powers, restrictions, limitations as to distributions,
qualifications and terms and conditions of redemption and conversion set forth herein and in the Partnership Agreement (the “Award”).
Upon acceptance of this LTIP Unit Vesting Agreement (this “Agreement”), the Grantee shall receive, effective
as of the Grant Date specified above, the number of LTIP Units specified above, subject to the restrictions and conditions set
forth herein and in the Partnership Agreement. Capitalized terms used but not defined herein have the meanings assigned to such
terms in the Partnership Agreement, attached hereto as Annex A, or the Plan, as applicable, unless a different meaning
is specified herein.

 

1.                 
Acceptance of Agreement. The Grantee shall have no rights with respect to this Agreement unless he
or she shall have accepted this Agreement prior to the close of business on the Final Acceptance Date specified above by (a) signing
and delivering to GMR OP, a copy of this Agreement and (b) unless the Grantee is already a Limited Partner, signing, as a Limited
Partner, and delivering to GMR OP a counterpart signature page to the Partnership Agreement. Upon acceptance of this Agreement
by the Grantee, the Partnership Agreement shall be amended to reflect the issuance to the Grantee of the LTIP Units so accepted,
effective as of the Grant Date. Thereupon, the Grantee shall have all the rights of a Limited Partner with respect to the number
of LTIP Units specified above, as set forth in the Partnership Agreement, subject, however, to the restrictions and conditions
specified in Section 2 below.

 

2.                 
Restrictions and Conditions.

 

(a)              
The records of GMR OP evidencing the LTIP Units granted herein shall bear an appropriate legend, as determined by
GMR OP in its sole discretion, to the effect that such LTIP Units are subject to restrictions as set forth herein and in the Partnership
Agreement.

 

     

     

    

 

(b)              
 LTIP Units granted herein may not be sold, transferred, pledged, exchanged, hypothecated or otherwise disposed of
by the Grantee prior to vesting as contemplated in Section 3 or 4 of this Agreement.

 

(c)              
Subject to the provisions of Section 4 below, any LTIP Units (and the proportionate amount of the Grantee’s
Capital Account balance attributable to such LTIP Units) subject to this Award that have not become vested on or before the date
that the Grantee’s employment with the Company and its Affiliates terminates shall be forfeited as of the date that such
employment terminates.

 

3.                 
Vesting of LTIP Units. The restrictions and conditions in Sections 2(b) and 2(c) of this
Agreement shall lapse with respect to the LTIP Units granted herein in the amounts and on the Vesting Dates specified below:

 

	
        Portion of

        Award to Vest
	Vesting Date
	25%	First Anniversary of the Grant Date
	25%	Second Anniversary of the Grant Date
	25%	Third Anniversary of the Grant Date
	25%	Fourth Anniversary of the Grant Date
	Total: 100% of Award

 

4.                 
Acceleration of Vesting in Special Circumstances. All LTIP Units granted herein shall automatically
become fully vested on the date specified below if the Grantee remains in the continuous employ of the Company or an Affiliate
from the Grant Date until such date:

 

(a)              
the date that the Grantee’s employment with the Company and its Affiliates ends on account of the Grantee’s
termination of employment by the Company or its Affiliates without Cause (as defined in that certain Employment Agreement by and
between Inter-American Management LLC (“IAM”) and [CEO: Jeffrey Busch][CFO: Robert J. Kiernan][CIO:
Alfonzo Leon], dated as of July 9, 2020 (the “Employment Agreement”), or by the Grantee for Good Reason (as
defined in the Employment Agreement); provided that the Grantee executes the Release (as defined in Section 7(f)(i) of the Employment
Agreement) on or before the Release Expiration Date (as defined in Section 7(f)(v) of the Employment Agreement), and does not revoke
such Release within any time provided in such Release to do so;

 

(b)              
the date that the Grantee’s employment ends on account of the Grantee’s death or Disability (as defined
in the Employment Agreement); or

 

(c)              
the date of a Change in Control (as defined in the Employment Agreement) in which, following such Change in Control,
the Employment Agreement is not, either expressly or by operation of law, assumed by the surviving entity or the successor (whether
direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the stock, business, and/or
assets of IAM (as applicable), unless such failure to assume occurs with the Grantee’s prior written consent.

 

    2

     

    

 

Notwithstanding any provision herein to
the contrary, in the event of any inconsistency between this Section 4 and the Employment Agreement, the terms of the Employment
Agreement shall control.

 

5.                 
Merger-Related Action. In contemplation of and subject to the consummation of a consolidation or merger
or sale of all or substantially all of the assets of the Company in which outstanding Common Stock is exchanged for securities,
cash, or other property of an unrelated corporation or business entity or in the event of a liquidation of the Company (in each
case, a “Transaction”), the Board, or the board of trustees or directors of any corporation assuming the obligations
of the Company (the “Acquiror”), may, in its discretion, take any one or more of the following actions, as to
the outstanding LTIP Units subject to this Award: (i) provide that such LTIP Units shall be assumed or equivalent awards shall
be substituted, by the acquiring or succeeding entity (or an affiliate thereof), and/or (ii) upon prior written notice to the LTIP
Unitholders (as defined in the Partnership Agreement) of not less than 30 days, provide that such LTIP Units shall terminate immediately
prior to the consummation of the Transaction. The right to take such actions (each, a “Merger-Related Action”)
shall be subject to the following limitations and qualifications:

 

(a)              
if all LTIP Units awarded to the Grantee hereunder are eligible, as of the time of the Merger-Related Action, for
conversion into Common Units (as defined in and in accordance with the Partnership Agreement) and the Grantee is afforded the opportunity
to effect such conversion and receive, in consideration for the Common Units into which his LTIP Units shall have been converted,
the same kind and amount of consideration as other holders of Common Units in connection with the Transaction, then Merger-Related
Action of the kind specified in (i) or (ii) above shall be permitted and available to the Company and the Acquiror;

 

(b)              
if some or all of the LTIP Units awarded to the Grantee hereunder are not, as of the time of the Merger-Related Action,
so eligible for conversion into Common Units (in accordance with the Partnership Agreement), and the acquiring or succeeding entity
is itself, or has a subsidiary which is organized as a partnership or limited liability company (consisting of a so-called “UPREIT”
or other structure substantially similar in purpose or effect to that of the Company and GMR OP), then Merger-Related Action of
the kind specified in clause (i) of this Section 5 above must be taken by the Acquiror with respect to all LTIP Units subject
to this Award which are not so convertible at the time, whereby all such LTIP Units covered by this Award shall be assumed by the
acquiring or succeeding entity, or equivalent awards shall be substituted by the acquiring or succeeding entity, and the acquiring
or succeeding entity shall preserve with respect to the assumed LTIP Units or any securities to be substituted for such LTIP Units,
as far as reasonably possible under the circumstances, the distribution, special allocation, conversion and other rights set forth
in the Partnership Agreement for the benefit of the LTIP Unitholders; and

 

(c)               if
some or all of the LTIP Units awarded to the Grantee hereunder are not, as of the time of the Merger-Related Action, so
eligible for conversion into Common Units (in accordance with the Partnership Agreement), and after exercise of reasonable
commercial efforts the Company or the Acquiror is unable to treat the LTIP Units in accordance with Section 5(b), then
Merger-Related Action of the kind specified in clause (ii) of this Section 5 above must be taken by the Company or the
Acquiror, in which case such action shall be subject to a provision that the settlement of the terminated award of LTIP Units
which are not convertible into Common Units requires a payment of the same kind and amount of consideration payable in
connection with the Transaction to a holder of the number of Common Units into which the LTIP Units to be terminated could be
converted or, if greater, the consideration payable to holders of the number of common shares into which such Common Units
could be exchanged (including the right to make elections as to the type of consideration) if the Transaction were of a
nature that permitted a revaluation of the Grantee’s capital account balance under the terms of the Partnership
Agreement, as determined by the Committee in good faith in accordance with the Plan.

 

    3

     

    

 

6.                 
Distributions. Distributions on the LTIP Units shall be paid currently to the Grantee in accordance
with the terms of the Partnership Agreement. The right to distributions set forth in this Section 6 shall be deemed a Dividend
Equivalent Right for purposes of the Plan.

 

7.                 
Incorporation of Plan. Notwithstanding anything herein to the contrary, this Award shall be subject
to all of the terms and conditions of the Plan and the Partnership Agreement.

 

8.                 
Covenants. The Grantee hereby covenants as follows:

 

(a)              
So long as the Grantee holds any LTIP Units, the Grantee shall disclose to GMR OP in writing such information as
may be reasonably requested with respect to ownership of LTIP Units as GMR OP may deem reasonably necessary to ascertain and to
establish compliance with provisions of the Code applicable to GMR OP or to comply with requirements of any other appropriate taxing
authority.

 

(b)              
The Grantee hereby agrees to make an election under Section 83(b) of the Code with respect to the LTIP Units awarded
hereunder, and the Company hereby consents thereto. The Grantee has delivered with this Agreement a completed, executed copy of
the election form attached hereto as Annex B. The Grantee agrees to file the election (or to permit GMR OP to file
such election on the Grantee’s behalf) within thirty (30) days after the Grant Date with the IRS Service Center at which
such Grantee files his personal income tax returns, and to file a copy of such election with the Grantee’s U.S. federal income
tax return for the taxable year in which the LTIP Units are awarded to the Grantee.

 

(c)              
The Grantee hereby agrees that it does not have the intention to dispose of the LTIP Units subject to this Award
within two years of receipt of such LTIP Units. GMR OP and the Grantee hereby agree to treat the Grantee as the owner of the LTIP
Units from the Grant Date. The Grantee hereby agrees to take into account the distributive share of GMR OP income, gain, loss,
deduction, and credit associated with the LTIP Units in computing the Grantee’s income tax liability for the entire period
during which the Grantee has the LTIP Units.

 

(d)              
The Grantee hereby recognizes that the IRS has proposed regulations under Sections 83 and 704 of the Code that may
affect the proper treatment of the LTIP Units for federal tax purposes. In the event that those proposed regulations are finalized,
the Grantee hereby agrees to cooperate with GMR OP in amending this Agreement and the Partnership Agreement, and to take such other
action as may be required, to conform to such regulations.

 

(e)              
The Grantee hereby recognizes that changes in applicable law may affect the federal tax consequences of owning and
disposing of LTIP Units.

 

    4

     

    

 

9.                 
 Transferability. This Agreement is personal to the Grantee, is non-assignable and is not transferable
in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution, without the prior
written consent of the Company.

 

10.             
Amendment. The Grantee acknowledges that the Plan may be amended or canceled or terminated in accordance
with Article XVIII thereof and that this Agreement may be amended or cancelled by the Committee, on behalf of GMR OP, for the purpose
of satisfying changes in law or for any other lawful purpose, provided that no such action shall adversely affect the Grantee’s
rights under this Agreement without the Grantee’s written consent. The provisions of Section 5 of this Agreement applicable
to the termination of the LTIP Units covered by this Award in connection with a Transaction (as defined in Section 5 of
this Agreement) shall apply, mutatis mutandi to amendments, discontinuance or cancellation pursuant to this Section 10
or the Plan.

 

11.             
No Obligation to Continue Employment. Neither the Company nor any one of its Affiliates is obligated
by or as a result of the Plan or this Agreement to continue the Grantee in employment and neither the Plan nor this Agreement shall
interfere in any way with the right of the Company or its Affiliates to terminate the employment of the Grantee at any time.

 

12.             
Notices. Notices hereunder shall be mailed or delivered to GMR OP at its principal place of business
and shall be mailed or delivered to the Grantee at the address on file with GMR OP or, in either case, at such other address as
one party may subsequently furnish to the other party in writing.

 

13.             
Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the
State of Delaware, applied without regard to conflict of law principles. The parties agree that any action or proceeding arising
directly, indirectly or otherwise in connection with, out of, related to or from this Agreement, any breach hereof or any action
covered hereby, shall be resolved within the State of Delaware and the parties hereto consent and submit to the jurisdiction of
the federal and state courts located within Delaware.

 

[Signatures appear on following page.]

 

    5

     

    

 

	 	GLOBAL MEDICAL REIT INC.
	 	a Maryland corporation
	 	 
	 	Name:
	 	Title:
	 	Date:
	 	 
	 	GLOBAL MEDICAL REIT L.P.
	 	a Delaware limited partnership
	 	 
	 	By:	GLOBAL MEDICAL REIT GP LLC
	 	 	its general partner
	 	 
	 	By:	GLOBAL MEDICAL REIT INC.
	 	 	its sole member
	 	 
	 	Name:
	 	Title:
	 	Date:

 

The foregoing agreement
is hereby accepted and the terms and conditions thereof hereby agreed to by the Grantee.

 

	Date:	
	 	Grantee’s Signature
	 	 
	 	Grantee’s name and address:
	 	Name:
    [CEO: Jeffrey Busch][CFO:
    Robert J. Kiernan][CIO: Alfonzo Leon]
	 	 
	 	Address:

 

[Signature page to LTIP Unit Vesting
Agreement]

 

     

     

    

 

ANNEX A

 

FORM OF LIMITED PARTNER SIGNATURE PAGE

 

The Grantee desiring
to become one of the within named Partners of Global Medical REIT L.P. (“GMR OP”), hereby becomes a party to
the Agreement of Limited Partnership (as amended from time to time, the “Partnership Agreement”) of GMR OP,
by and among Global Medical REIT GP LLC, as general partner (the “General Partner”), and the Limited Partners,
effective as of the Grant Date (as specified in the LTIP Unit Vesting Agreement, dated July 9, 2020, among the Grantee, Global
Medical REIT Inc. and GMR OP). The Grantee agrees to be bound by the Partnership Agreement. The Grantee also agrees that this signature
page may be attached to, and hereby authorizes the General Partner to attach this signature page to, any counterpart of the Partnership
Agreement.

 

	Date:	 
	 	Signature of Limited Partner
	 	 
	 	Limited Partner’s name and address:
	 	Name:	
	 	Address:	
	 	 
	 	 

 

Annex
A

     

     

    

 

ANNEX B

 

ELECTION TO INCLUDE IN GROSS INCOME IN
YEAR OF 

TRANSFER OF PROPERTY PURSUANT TO SECTION
83(b) 

OF THE INTERNAL REVENUE CODE

 

The
undersigned hereby makes an election pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”),
with respect to the property described below and supplies the following information in accordance with the regulations promulgated
thereunder:

 

	 	 	 	 	 
	 	1.	The name, address and taxpayer identification number of the undersigned are:
	 	 	Name:  _______________________________________ (the “Taxpayer”)
	 	 	 
	 	 	Address:  	______________________________________
	 	 	 	______________________________________
	 	 	 	______________________________________
	 	 	 	 
	 	 	Social security number:  ___________________________
	 	 	 
	 	2.	Description of property with respect to which the election is being made:
	 	 	 	 
	 	 	             LTIP Units (the “LTIP Units”) in Global Medical REIT L.P. (“GMR OP”).
	 	 	 	 
	 	3.	The date on which the LTIP Units were transferred is July 9, 2020.  The taxable year to which this election relates is calendar year 2020.
	 	 	 	 
	 	4.	The LTIP Units are subject to the following restrictions:
	 	 	 	 
	 	 	(a)	The LTIP Units are subject to a substantial risk of forfeiture and are nontransferable on the date of transfer.
	 	 	 	 
	 	 	(b)	The Taxpayer’s LTIP Units vest and become transferable based on the Taxpayer’s continued employment.
	 	 	 	 
	 	5.	The fair market value at the time of transfer (determined without regard to any restrictions other than restrictions which by their terms will never lapse) of the LTIP Units with respect to which this election is being made was $0.00 per LTIP Unit.
	 	 	 	 
	 	6.	The amount paid by the Taxpayer for the LTIP Units was $0.00 per LTIP Unit.
	 	 	 
	 	7.	The amount to include in gross income is $0.00. 

   

	 	8.	A copy of this statement has been furnished to GMR OP and to its general partner, Global Medical REIT GP LLC.

 

[Signature Page Follows]

 

Signature
Page to Annex B

 

     

     

    

 

	Dated: _________, 2020  	 	 
	 	Signature of the Taxpayer	 
	 	 	 	 
	 	Taxpayer’s name and address:	 
	 	 	 	 
	 	Name:	 	 
	 	
         

        Address:
	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	
         

         
	 
	 	 	 	 

  

The undersigned hereby
consents to the making, by the undersigned’s spouse, of the foregoing election pursuant to Section 83(b) of the Code.

  

	 Dated: _________, 2020	 	 
	 	Signature of the Taxpayer’s Spouse	 
	 	 	 	 
	 	Spouse’s name and address:	 
	 	 	 	 
	 	Name:	 	 
	 	
         

        Address:
	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

 

Signature
Page to Annex BExhibit 10.1

 

Mobovivo Chat App Software Licencing
Agreement

 

 

This Software License
Agreement (Agreement) is entered into this 11  day of March , 2020 between Mobovivo Inc., an Alberta incorporated
company (Mobovivo), with offices at 246 2464 Stewart Green SW (Licensor), and Father Time, Inc. a Delaware corporation, with offices
at 7111 Hayvenhurst Ave, Van Nuys, CA 91406 (Licensee).

 

WHEREAS, Licensor owns
the Mobovivo Chat App (Software); and

 

WHEREAS, Licensee is
desirous of Licensor developing Software for Licensee’s non-exclusive use; to utilize such Software, and to make customizations,
updates and/or corrections; and

 

WHEREAS, for the good
and valuable consideration, the receipt of which is hereby acknowledged, Licensor is willing to license the Software to Licensee;
and

 

WHEREAS, Licensee is
willing to accept the Software license under the conditions set forth set forth above.

 

NOW, THEREFORE the
parties agree as follows:

 

1. LICENSE GRANTED

 

Subject to the terms
and conditions of this Agreement and in consideration of Licensee’s obligation to pay monetary fees as outlined in Schedule
A, such fees which may be adjusted from time to time by mutual written consent of the parties, Licensor hereby grants, and Licensee
hereby accepts, a worldwide, non-exclusive, non-transferable, irrevocable, perpetual right and licence, to use the Software and
all related documentation for use in sports related mobile apps.

 

Licensor also grants
permission to Licensee to make and create customizations, updates or corrections to the Software. The parties agree that Licensor
shall continue to own all right, title and interest in and to the Software and all intellectual property rights embodied therein
or related thereto including, but not limited to, the source and object codes and any customizations, updates and corrections
to the Software. Except as expressly provided herein, no intellectual property rights are granted to Licensee by implication,
estoppel, or otherwise.

 

Licensee will safeguard
the Software and its related materials with that degree of normal due care commensurate with reasonable standards of industrial
security for the protection of trade secrets and proprietary information so that no unauthorized use is made of them and no disclosure
of any part of their contents is made to anyone other than Licensee’s employees, agents or consultants whose duties reasonably
require such disclosure, or as necessary in the ordinary course of business. Licensee shall make all such persons fully aware
of their responsibility to fulfill the obligations of Licensee under this Agreement.

 

2. SOFTWARE PROVIDED
“AS IS”

 

Licensor warrants that
it has the right to provide the Software to Licensee hereunder. Otherwise, Licensor provides the Software to Licensee “as
is.” Licensor makes no warranties or representations that the Software is free of errors or defects, or that it adequately
performs the functions it is intended to perform. Licensee shall test the Software to insure its acceptability for Licensee’s
purpose prior to putting the Software in productive use.

 

Licensor is under no
obligation to update or correct defects or errors in the Software. If Licensor does provide Licensee with updates or corrections,
the terms and conditions of this Agreement shall apply.

 

THE SOFTWARE IS
PROVIDED “AS IS” AND LICENSOR MAKES NO OTHER WARRANTIES WITH RESPECT TO THE SOFTWARE, INCLUDING BUT NOT LIMITED TO
THOSE OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. 

 

    	 	 	 

    	 

    

 

3. WARRANTIES OF LICENSEE

 

Related to customizations, updates and/or
corrections of Licensee to the Software, Licensee represents and warrants that:

 

	 	(i)	Licensee has all intellectual property
    rights necessary to produce customizations, updates and/or corrections to the Software; 

 

	 	(ii)	Licensee does not infringe the intellectual property
    rights of any third party; 

 

	 	(iii)	Licensee will make any customizations or enhancements
    to the Software under this Agreement in accordance with industry standards and in a professional and workman-like fashion;
    

 

	 	(iv)	Following completion of any customizations or enhancements
    to the Software, such will remain free from material programming errors and defects in workmanship and materials, and will
    substantially conform to the specifications and any related documentation for ninety (90) days (“Warranty Period”).
    If material programming errors are discovered during the Warranty Period, Licensee shall promptly remedy such errors at no
    additional expense to Licensor. 

 

4. PROPERTY RIGHTS
AND RESTRICTIONS ON USE

 

Licensee recognizes
that the Software, and customizations, updates or corrections, if any, are the property of, and all rights thereto, are owned
by Licensor. Licensee also acknowledges that such are a trade secret of Licensor, are valuable and confidential to Licensor, and
that its use and disclosure must be carefully and continuously controlled.

 

Title to the Software,
and customizations, updates or corrections, if any, shall at all times remain with Licensor.

 

Licensee shall keep
the Software, and customizations, updates and/or corrections, if any, free and clear of any claims, liens and encumbrances attributable
to the use or possession of the Software by Licensee. Any act of Licensee, whether voluntarily or involuntarily, purporting to
create a claim of encumbrance shall be void.

 

The Software is for
the sole use of Licensee and shall be used only for the purpose set forth in this Agreement.

 

    	 	 	 

    	 

    

 

Licensee shall treat
the Software, and customizations, updates and/or corrections, if any, as confidential and proprietary, and shall protect it in
the same manner that it protects the confidentiality of its own information. While this Agreement is in effect, or while Licensee
has custody and possession of the Software, Licensee will not:

 

	 	(i)	provide or make available the Software to any person
    or entity other than employees of Licensee who have a need to know consistent with Licensee’s use thereof under this
    Agreement; or 

 

	 	(ii)	create or attempt to create, or permit others to
    create or attempt to create, by disassembling, reverse engineering or otherwise, the source program or any part thereof from
    the object program or other information made available to Licensee pursuant to this Agreement. 

 

Licensee agrees to
promptly notify Licensor if it obtains information as to any unauthorized possession, use or disclosure of the Software by any
person or entity, and further agrees to cooperate with Licensor in protecting Licensor’s proprietary rights.

 

If Licensee, its officers,
agents, or employees, breach any provision of this Agreement, such breach must be cured within thirty (30) days of receipt of
Licensor’s written notice describing such breach. If such breach is not cured within the thirty (30) days after receipt
of the notice, Licensee shall pay Licensor reasonable monetary payments for loss and/or damages related to such breach.

 

5. TERM

 

	 	a)	Non-performance of the contract terms. 

 

In the event of termination
of this Agreement pursuant to the above, Licensor shall have the right to take possession of the Software.

 

Termination of this
Agreement shall not relieve either party of its obligations pursuant to Sections 2, 3, 4, 5 and 6 hereof.

 

6. INDEMNIFICATION
AND LIMITATION OF LIABILITY

 

Licensee agrees to
indemnify and hold Licensor harmless from and against all loss, cost, expense or liability (including reasonable attorney’s
fees) arising out of a claim by a third party against Licensor based upon Licensee’s use of the Software.

 

Licensee agrees to
indemnify and hold Licensor harmless from any loss or damages to Licensor related to, or associated with Licensee’s customizations,
updates and/or corrections to the Software.

 

Licensee agrees to
indemnify and hold Licensee harmless, and defend at its expense, any action brought against Nationwide, its officers, directors,
employees, shareholders, legal representatives, agents, successors and assigns (“Nationwide Indemnified Parties”)
to the extent that it is based on a claim that the customizations, updates and/or corrections developed by Licensee infringe any
intellectual property rights of any third parties.

 

Licensor shall have
no liability to Licensee for any damage sustained by Licensee as a result of Licensee’s use of the Software, whether such
damages would arise as a result of breach of contract, tort or otherwise. Licensee has tested the Software and relies on its own
judgment in utilizing it.

 

    	 	 	 

    	 

    

 

Licensor warrants that
the use of the initially provided Software will not infringe any patent, copyright, or trademark in the United States or elsewhere,
and Licensor shall indemnify and hold Licensee harmless against any and all losses, damages and expenses, (including attorney’s
fees and other costs of defending any infringement action) which Licensee may sustain or incur as a result of a breach of this
warranty.

 

Obligations set forth
herein are contingent upon the other party:

 

	 	a)	Providing the indemnifying party with prompt written
    notice of any action brought against the other party; and 

 

	 	b)	The other party cooperating with the indemnifying
    party in the defense of any such action, and allowing the indemnifying party to control the defense and settlement of any
    such action at its expense; 

 

Licensor shall have
no obligation to defend any action or indemnify Licensee from damage if:

 

	 	(i)	Licensee, in providing customizations, updates and/or
    corrections to the Software, infringes upon the intellectual property of any third party.

 

	 	(ii)	Licensee is not using the most current version of
    the Software and the action would have been avoided without such combined use. 

 

	 	(iii)	Licensee has modified the Software in combination
    with other Software and the action would have been avoided without such combined use.

 

	 	(iv)	Licensee is using the Software in combination with
    other Software and the action would have been avoided without such combined use 

 

7. FORCE MAJUERE

 

Either party shall
be excused from failures or delays in delivery or performance hereunder if such failure or delay is attributable to causes beyond
the reasonable control of the party, which makes such performance or delivery commercially impractical. In the event of any such
delay, the time of delivery or performance and time of payment shall be extended for a period of time equal to the time lost by
reason of such delay (unless otherwise specified in writing between the parties hereto).

 

    	 	 	 

    	 

    

 

8. NOTICES

 

All notices shall be
in writing and shall be deemed to be delivered when deposited in the United States Postal Services, postage prepaid, return receipt
requested, or when sent by telegram, telex, or facsimile. All notices shall be directed to Licensee or to Licensor, its successors
or assigns, at the respective addresses set forth on the signature page of this Agreement or to such other address as one party
may, from time to time, designate by notice to the other party.

 

9. RELATIONSHIP OF
THE PARTIES

 

The parties to this
Agreement are affiliated companies and this Agreement will not establish any relationship of partnership, joint venture, employment,
franchise, or agency between the Parties. Neither Party will have the power to bind the other or incur obligations on the other’s
behalf without the other’s prior written consent.

 

10. PUBLICITY

 

A public press announcement
related this Agreement may be made, but only if mutually agreed to in writing by the Parties.

 

11. WAIVER

 

No waiver of any breach
of any provision of this Agreement shall constitute a waiver of any prior, concurrent or subsequent breach of the same or any
other provision hereof, and no waiver shall be effective unless made in writing and signed by an authorized representative of
the waiving Party.

 

12. COMPLETE AGREEMENT

 

This Agreement constitutes
the complete and exclusive statement of this agreement between the parties hereto and supersedes any and all prior express implied
agreements or understandings between the parties hereto concerning the subject matter hereof. No amendment, waiver or other alteration
of this Agreement may be made except by mutual agreement in writing.

 

If any provision or
provisions of this Agreement shall be held to be invalid, illegal or unenforceable, the validity, legality and enforceability
of the remaining provisions shall not be affected thereby and the parties shall negotiate replacement provisions for those provisions
which are held invalid, illegal or unenforceable which as closely as possible express the intent of those provisions.

 

13. RESTRICTIONS OF
TRANSFER

 

This Agreement and
the rights and obligations under this Agreement shall not be transferable, sublicensable or assignable to any other person, firm
or corporation by Licensee, without the express prior written consent of the Licensor. The rights and obligations of this Agreement
shall insure to the benefit of and be binding upon the parties hereto, their successors and permitted assigns.

 

14. GOVERNING LAW

 

This Agreement shall
be construed in accordance with the laws of the Province of Alberta.

 

    	 	 	 

    	 

    

 

15. NO CONSTRUCTION
AGAINST THE DRAFTER

 

The parties agree that
this Agreement is the result of careful negotiations between sophisticated parties and thus any principle of construction or rule
of law that provides that an agreement shall be construed against the drafter of the agreement in the event of any inconsistency
or ambiguity in such agreement shall not apply to the terms and conditions of this Agreement.

 

16. HEADINGS

 

The various headings
in this Agreement are inserted for convenience only, and shall not affect the meaning or interpretation of this Agreement or any
paragraph or provision hereof.

 

IN WITNESS WHEREOF,
the parties hereto have set their hands as of the day and year first above written.

 

 

	 	 	 	 	 	 	 
	Mobovivo Inc	 	Father Time Inc..
	 	 	 	 
	Name:	 	Trevor
                                         Doerksen

         
	 	Name:	 	Bob
                                         Waligunda

         

	 	 	 	 	 	 	 
	Title:	 	CEO

         
	 	Title:	 	CEO

         

	 	 	 	 	 	 	 
	Date:	 	March
                                         11, 2020

         
	 	Date:	 	March
                                         11, 2020

         

	 	 	 	 	 	 	 
	By:	 	

         
	 	By:	 	 

         

 

 

    	 	 	 

    	 

    

 

SCHEDULE A: Schedule of License Fees:

 

2020 - $
30,000

 

2021 - $
50,000

 

2022 - $100,000

 

2023 - $100,000

 

The payments are to be made
in full before by Licensee before the end of each respective year.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00311-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00311-of-00352.parquet"}]]