Document:

Exhibit 10.2 

 

SOS
HYDRATION INC.

 

DIRECTOR
AGREEMENT

 

This
Director Agreement (the "Agreement") is entered into as of between SOS HYDRATION INC., a California corporation (the
"Company") and Mark Waller ("Director").

 

The parties agree as follows:

 

1.                  
Services. The Director agrees, subject to the Director's continued status as a director, to serve on the
Company's Board of Directors
(the “Board”) and
to provide those services
required of a director under the Company's Articles of Incorporation and Bylaws, as both may be amended from time to time and under the
California Corporation Code, to provide services relating to fundraising, and such other services as requested from time to time by the
Company (collectively, the "Services'').

 

2.                  
Applicability to Past Activities. Director agrees to the extent that: (i) Director
received access to any information from or on behalf of Company that would have been "Proprietary Information" (as defined
below) if Director received access to such information during the term of this Agreement; or (ii) Director
conceived, created, authored, invented, developed or reduced to practice any item (including any intellectual property rights with respect
thereto) on behalf of or for the benefit of Company, or related to the current or prospective business of Company in anticipation of
Director's involvement with Company, that would have been an "Invention" (as defined below) if conceived, created, authored,
invented, developed or reduced to practice during the term of this Agreement; then any such information shall be deemed "Proprietary
Information" hereunder and any such item shall be deemed an "Invention" hereunder, and this Agreement shall apply to such
activities, information or item as if disclosed, conceived, created, authored, invented, developed or reduced to practice during the
term of this Agreement.

 

3.                  
Time Commitment. Director commits to be available for all board meetings and related
board activities and to devote sufficient time to the Services.

 

4.                  
Compensation. Director shall not initially be paid in cash for the Services performed hereunder. If Director introduces
the Company to investors and the Company closes a financing with such investors on or prior to December 31, 2021 resulting in gross proceeds
to the Company of at least $1,500,000 in one or more closings (the "Initial Financing"), the Company shall pay Director
$7,500 per month for 18 months from the date of the closing of such financing. If Director introduces the Company to investors and the
Company closes a subsequent financing (the "Subsequent Financing") with such investors on or prior to December 31, 2021,
resulting in gross proceeds to the Company of at least $3,000,000 in one or more closings, including the Initial Financing, the Company
shall increase the compensation of the Director from $7,500 per month to Director $12,000 per month for 24 months from the date of the
closing of the Subsequent Financing. For clarity, Director's compensation for the Initial Financing shall cease on the closing date of
a Subsequent Financing and Director shall receive in lieu thereof the compensation for a Subsequent Financing. Nothing contained in this
Agreement shall compel the Company to close any financing transaction from an investor introduced by Director and the Company retains
sole discretion in determining whether to close any financing transaction. Example: In June
2021 the Company closes a $1,500,000 financing fiwn an introduction by Director, and in October 2021, the Company closes
a further $1,500,000fi·om an introduction by Director, resulting in an aggregate $3,000,000 financing. Director would receive
a total of $7,500 per month from June to October 2021, and a total of $12,000 per month from October 2021 to September 2023.

    	 

    	 

    

 

As
further consideration for the Services, subject to the approval of the Board of the Company, the Company shall grant Director a warrant
to purchase 300,000 shares of common stock of the Company, par value$0.001 per share, at a strike price of $4.9295 per share, for a term
of 7 years.

 

It
is understood and agreed that in the event the Director leaves the
Board for any reason, all stock warrants earned and granted to the Director will be fully vested and continue to be exercisable for seven
years from the initial date of grant.

 

Further,
in the event the Director leaves the Board for any reason, any cash fees earned and still due will be fully paid by SOS Hydration to
the Director within 30 days of the Director's departure from the Board.

 

5.                  
Expenses. The Company shall reimburse Director for reasonable travel and related expenses incurred in the course of performing
the Services, provided, that any such expenses shall be approved in advance by the Company.

 

6.                  
Term and Termination. This Agreement shall be in effect from the date hereof through the last date of the Director's current
term as a member of the Board. This Agreement shall be automatically renewed on the date of the Director's reelection as a member of
the Board for the period of such new term unless the Board determines not to renew this Agreement. This Agreement shall automatically
terminate upon the death of the Director or upon his resignation or removal from, or failure to win election or reelection to, the Board.
In the event of expiration or termination of this Agreement, the Director agrees to return or destroy any materials transferred to the
Director under this Agreement except as may be necessary to fulfill any outstanding obligations hereunder. The Director agrees that the
Company has the right of injunctive relief to enforce this provision. The provisions of Sections 2, 8, 9, 10, 12 and 13
shall survive expiration or termination of this Agreement for any reason.

 

7.                  
Independent Contractor. Director's relationship with the Company will be that of an independent contractor and not that
of an employee. Director will not be eligible for any employee benefits, nor will the Company make deductions from payments made to Director
for employment or income taxes, all of which will be Director's responsibility. Director agrees to indemnify and hold the Company harmless
from any liability for, or assessment of, any such taxes imposed on the Company by relevant taxing authorities. Director will have no
authority to enter into contracts that bind the Company or create obligations on the part of the Company without the prior written authorization
of the Company.

 

8.                  
Proprietary Information and Confidentiality. Director understands that Director will be privy to Proprietary Information of
competitive value to the Company, and that such Proprietary Information will be among the principal assets of the Company, and that improper
dissemination of this Proprietary Information would materially damage the Company. Accordingly, Director agrees to maintain in confidence
and not publish or otherwise disclose to third parties or use for any purpose other than providing the Services any Proprietary Information,
except with written consent to the contrary from the Company, or until such Proprietary Information comes into the public domain. "Proprietllry
Information"shall mean any information or other subject matter disclosed to Director by the Company in connection with Director's
performance of the Services, and may include, by way of example, nonpublic information relating to inventions, products, research and
development activities, business strategies, and financial status. Notwithstanding the foregoing, Proprietary Information shall not include
information that: (i) was publicly known and generally available in the public domain prior to the time of disclosure to Director; (ii)
becomes publicly known and generally available after disclosure to Director through no action or inaction of Director; or (iii) is in
the possession of Director, without confidentiality restrictions, at the time of disclosure as shown by Director's files and records
immediately prior to the time of disclosure.

 

9.                  
Ownership of Materials. All documents, data, records, equipment and other physical property, whether or not pertaining
to Proprietary Information, furnished to Director by the Company or provided
by Director or others in connection with carrying out the Services shall remain the property of the Company, and Director shall deliver
all such materials to the Company upon the expiration or termination of this Agreement, or earlier if so requested by the Company

    	 

    	 

    

 

10.             
Inventions. Director
anticipates that, during meetings, Director may make
suggestions, have ideas, or learn of matters that may constitute or lead to Inventions of value to the Company. Moreover, Director recognizes
that the Company may commit significant resources to developing discoveries relevant to Director's role as Director, that Inventions
may be stimulated because of the interactions among Directors, or other personnel working on behalf of the Company, and that the Company
may wish to file for and receive patents on such Inventions of commercial value to the Company's business. Accordingly, Director agrees
that all Inventions shall be the property of the Company and its assigns, that the Company and its assigns shall be the owner of all
rights, title and interest related to the Inventions and to notify the Company promptly of any such Inventions. Director understands
the "Inventions" include inventions, improvements, formulae, processes, techniques, biological materials, know-how, data, and
other innovations and proprietary information (whether or not patentable) made, conceived, reduced to practice or learned by Director
that arise out of the Services or that are based upon Proprietary Information of the Company. Director agrees to assist the Company,
or its designee, at its expense, in every proper way to secure the Company's, or its designee's, rights in the Inventions and any copyrights,
patents, trademarks, mask work rights, moral rights, or other intellectual property rights relating thereto in any and all countries,
including the disclosure to the Company or its designee of all pertinent information and data with respect thereto, the execution of
all applications, specifications, oaths, assignments, and all other instruments which the Company or its designee shall deem necessary
in order to apply for, obtain, maintain and transfer such rights, or if not transferable, waive such rights, and in order to assign and
convey to the Company or its designee and any successors, assigns and nominees the sole and exclusive rights, title and interest in and
to such Inventions, and any copyrights, patents, mask work rights or other intellectual property rights relating thereto. Director further
agrees that his or her obligation to execute or cause to be executed, when it is in his or her power to do so, any such instrument or
papers shall continue after the termination of this Agreement until the expiration of the last such intellectual property right to expire
in any country of the world.

 

11.              
NoConflicts. Director represents that Director's compliance with the terms of this Agreement and provision of the Services
will not violate any duty which Director may have to any other person or entity (such as a present or former employer), including obligations
concerning providing services to others, confidentiality of proprietary information and assignment of inventions, ideas, patents or copyrights,
and Director agrees that Director will not do anything in the performance of Services hereunder that would violate any such duty. In
addition, Director agrees that, during the term of this Agreement, prior to performing any services for or otherwise participating in
a company developing or commercializing new services, methods or devices that may be competitive with the Company, Director shall first
notify the Company in writing. It is understood that in such event, the Company will review whether Director's activities are consistent
with Director remaining an Director to the Company.

 

12.              
Company's Right to Disclose. The Company shall have the right to disclose the existence
of this Agreement, Director's status as an Director to the Company, and to include Director's name, image and profile in various promotional
materials, including, but not limited to, executive summaries and the Company's web site.

 

		13.	Miscellaneous.

 

		(a)	Any
                                            term of this Agreement may be amended or waived only with the written consent

of the parties.

 

(b)               
This Agreement, including any exhibits hereto, constitutes
the sole agreement of the parties and supersedes all oral negotiations and prior writings with respect to the subject matter hereof.

    	 

    	 

    

(c)                
 Any notice or other communication required or permitted
by this Agreement shall be in writing and shall be deemed given(i) if delivered personally or by commercial messenger or courier service,

(ii)
when sent by confirmed facsimile or by electronic mail, (iii) one business day after being deposited with an overnight courier service,
or (iv) if mailed by U.S. registered or certified mail (return receipt requested), to the party at such party's physical address, email
address or facsimile number as set forth below, or as subsequently modified by written notice

 

(d)               
The validity, interpretation, construction and performance
of this Agreement shall be governed by the laws of the State of California, without giving effect to the principles of conflict of laws.
If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such
provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision,
then (i) such provision shall be excluded from this Agreement,

(ii)the
balance of the Agreement shall be interpreted as if such provision were so excluded and (iii) the balance

of
the Agreement shall be enforceable in accordance with
its terms.

 

(e)               
This Agreement may be executed in counterparts, each
of which shall be deemed an original, but all of which together will constitute one and the same instrument.

 

[Signature
Page Follows]

    	 

    	 

    

The parties have executed
this Directory Agreement as of the date first written above.

 

	SOS
    HYDRATION, INC.	 	MARK
    WALLER
	 	 	 	 
	/s/James
    Mayo	 	/s/Mark
    Waller
	Name:
    James Mayo	 	 	 
	 	 	 	 
	Title: CEO 	 	 	 

 

    	 

    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-5-

 

4812-8977-5835, V.
2Exhibit
10.4

AMENDMENT
TO DIRECTOR AGREEMENT

This Amendment
to Director Agreement (this “Amendment”) is made and entered into as of February 1, 2021, by and among
SOS HYDRATION INC., a California corporation (the “Company”) and MARK WALLER (“Director”).
Terms not defined herein shall have the meaning given to them in the Director Agreement.

RECITALS

A.               
The Company and the Director entered into a Director Agreement as of February 1, 2021 (the “Director Agreement”);
and

B.                
The Company and the Director desire to amend the Director Agreement pursuant to the terms and conditions of this Amendment.

AGREEMENT

NOW, THEREFORE,
in consideration of the mutual agreements herein contained and for other good and valuable consideration, the sufficiency and receipt
of which is hereby acknowledged, the parties hereto agree as follows:

SECTION
1      AMENDMENT

1.1             
Compensation. Section 4 (Compensation) of the Director Agreement is amended as follows:

The second
paragraph of Section 4 is deleted in its entirety and replaced with the following:

“As further
consideration for the Services, subject to the approval of the Board of the Company, the Company shall grant Director a warrant to purchase
300,000 shares of common stock of the Company, par value $0.001 per at share, at a strike price of $3.8171 per share, for a term of 7
years.”

SECTION
2      GENERAL PROVISIONS

2.1             
Miscellaneous.

Section 13
of the Director Agreement is hereby incorporated by this reference, in each case substituting “Agreement” therein for “Amendment.”
Except as modified by this Amendment, the Director Agreement shall continue in full force and effect.

[Signatures
on the following page]

 

    	 

    	 

    

 

IN WITNESS
WHEREOF, each of the parties hereto has caused its duly authorized representative to execute this Amendment on its behalf as of the day
and year first above written.

	SOS
                                            HYDRATION INC.

     

    

    By:/s/ James Mayo

    JAMES MAYO

    CEO
	DIRECTOR

     

    /s/Mark Waller

     

    MARK WALLER

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