Document:

Exhibit 10.2

 

February 5, 2015

 

 

 

Brett Roper

 

Medicine Man Technologies,
Inc.

 

4750Nome St

 

Denver, CO 80239

 

 

 

Dear Mr. Roper,

 

 

Breakwater Corporate
Finance is pleased to provide Medicine Man Technologies, Inc.
(hereinafter "the Company",
"you", "your")
with the professional services
described below. This letter is to confirm our understanding of the terms and
objectives of our engagement and
the nature and limitations of the services we will provide.

 

Scope of Engagement

 

Oversee,
manage and maintain the Company's financial systems in
the role of the Company's Chief Financial Officer (CFO)
on a contract basis.

 

The responsibilities
of the position will include the following items:

 

		·	Provide bookkeeping staff
to facilitate the creation
and maintenance of the Company's
ongoing financial record keeping

		·	Develop and monitor appropriate accounting information
systems to
facilitate financial record keeping

		·	Prepare financial
statements and supporting scheduled as needed to
assure timely
reporting of quarterly 10-Q
's and
annual 10-K

		·	Assist management
in developing strategic financial
models to assist them
in accomplishing the Company's mission

		·	Provide analysis and
financial input as
requested to Company
management

 

You may request
that we perform additional
services not contemplated by
this engagement letter. If this occurs, we will communicate
with you regarding
the scope and estimated cost of these additional services.
Engagements for additional
services may necessitate that we amend this letter or issue a separate engagement
letter to reflect the obligations of both parties. In the absence of any other written communications
from us documenting additional services, our
services will be limited to and governed by the terms
of this engagement letter.

    	 

    	 

    

Client Responsibilities

 

You authorize
us to accept instructions from
your representative, Brett
Roper, for this engagement.
As a condition to our
performing the services described above,
you agree to:

 

		·	designate and individual within
senior management, to
oversee the services;

		·	evaluate the
adequacy and results
of the services performed;

		·	accept responsibility
for the
results of the
services;
and

 

You agree that
you will not and are not
entitled to rely on any
advice unless it is provided in writing.

 

Professional
Firm Responsibilities

 

We will
perform our services in
accordance with the Statement on Standards for Consulting
Services and applicable professional standards promulgated
by the American Institute of Certified
Public Accountants.

 

This engagement
is limited to the professional services outlined
above. Breakwater Corporate
Finance, in its sole
professional judgment, reserves
the right to refuse
to take any action that
could be construed to be outside the realm of
what would be professionally considered legally
or ethically acceptable.

 

The above professional
services will be performed based on information you
provide to us. We will not
verify or audit this information. We will not audit
or review your financial
statements. Our engagement
cannot be relied upon to disclose errors,
fraud, or theft.

 

Term of Engagement

 

We plan to begin
the above engagement on or
about February 6, 2015
through such time as
the company begins activity trading on a
public exchange or
bulletin board (the "milestone"). These services
will be until this milestone is achieved or
upon termination of the engagement with 30 days' notice,
if earlier.

 

Fees and Billings

 

Our fees for the
services outlined above
will initially be $1,000
monthly, plus out-of-pocket expenses. In addition, upon
the company achieving the milestone,
Breakwater Corporate Finance,
LLC or its principals will receive a
stock grant of 25,000
shares of the company's
common stock.

 

Monthly fees will
be due and payable
by the 6th day of the each month. Our fee is based upon
the complexity of the work to be performed and
our professional time to complete the
work, currently estimated
at approximately 10
hours per month.

    	 

    	 

    

Termination and Other Terms

 

We reserve
the right to withdraw from this engagement
without completing the work if
we determine professional standards
require. If any portion
of this agreement is deemed invalid or unenforceable,
such a finding shall
not invalidate the remainder of
the terms set forth in this engagement
letter.

 

We appreciate
the opportunity to be
of service to Medicine Man Technologies, Inc.
Please date and sign the enclosed
copy of this engagement letter and return
it to us to acknowledge your agreement with
its terms.

 

 

 

Very
truly yours,

 

 

 

 

/s/ Paul Dickman

Breakwater Corporate
Finance, LLC

Paul Dickman,
Principal

 

 

APPROVED:

 

 

/s/ Brett Roper

Medicine Man Technologies,
Inc.

Brett Roper,

Chief Operating
Officer and Secretary of the Board of
DirectorsExhibit 4.1

 

English Language Summary

Authorization Agreement for Radiofrequency Blocks Associated with Personal Mobile Service (Termo de Outorga de Autorização de Uso de Blocos de Radiofrequências Associadas do Serviço Móvel Pessoal) No. 144/2014/SOR-ANATEL

	
Parties:

	 	
TIM Celular S.A., as Authorizee, and Agência Nacional de Telecomunicações (Anatel), as Grantor.

	  	 	  
	
Date of Agreement:

	 	
December 5, 2014.

	  	 	  
	
Date of Publication in Official Journal:

	 	
December 8, 2014.

	  	 	  
	
Expiration:

	 	
December 8, 2029 (15 years).

	  	 	  
	
Renewal:

	 	
Authorizee has a one-time right to renew, for an equal period.

	  	 	  
	
Purpose:

	 	
Authorization to use blocks of radiofrequency associated with Personal Mobile Service, without exclusivity, in the following sub-bands:

 

718. 0 to 728.0 MHz

773.0 to 783.0 MHz

	  	 	  
	
Area:

	 	
Region I of the Personal Mobile Service General License Plan (Plano Geral de Autorizações), or PGA, which covers the states of Rio de Janeiro, Minas Gerais, Espírito Santo, Bahia, Sergipe, Alagoas, Pernambuco, Paraíba, Rio Grande do Norte, Ceará, Piauí, Maranhão, Pará, Amapá, Amazonas and Roraima.

	  	 	  
	
Amount:

	 	

The total amount due for the authorizations conferred by this Authorization Agreement, Authorization Agreement No. 145/2014/SOR-ANATEL and Authorization Agreement Authorization Agreement No. 146/2014/SOR-ANATEL, or collectively the Authorization Agreements, is R$1,738,873,677.09 (one billion, seven hundred thirty eight million, eight hundred seventy three thousand, six hundred seventy seven reais and nine cents), which will be payable as follows:

 

·  The total amount or, at the minimum, 10% (ten percent) of the total amount shall be paid on the date of the signature of the Authorization Agreement, as adjusted for the IGP-DI at the effective date of payment; and

 

·  The remaining amounts, totaling at the most 90% (ninety percent) of the total amount shall be paid in six equal payments annually, commencing on the 36th (thirty-sixth) month from publication of the Authorization Agreement, as adjusted for the IGP-DI at the effective date of payment and interest of 1.0% (one percent) per month.

 

Additionally, every two years during the authorization period, the Authorizee must pay an amount corresponding to 2% (two percent) of its related revenues for the year preceding payment, net of taxes and social contributions. On the 15th year the Authorizee must pay 1% of its revenue for the previous year.

 

The Authorizee, together with the authorizees of other sub-bands in the 700 MHz frequency spectrum by means of a joint entity to be set up by them for the same purpose, shall also reimburse TV and RTV broadcasters for certain costs associated with the clean-up of the spectrum for mobile uses. These costs, as set forth in Auction Notice (Edital de Licitação) No. 2/2014-SOR/SPR/CD-Anatel, Annex II-A, must be paid as follows:

 

·  30% (thirty percent) of the costs within 30 (thirty) days after the formation of the joint entity;

·  30% (thirty percent) of the costs by January 31, 2016;

·  30% (thirty percent) of the costs by January 31, 2017; and

·  10% (ten percent) of the costs by January 31, 2018.

 

  

  

  

 

	
Material Terms and Conditions:

	 	
The Authorizee must also comply with certain coverage commitments and must fulfill minimum national content obligations in the acquisition of its goods, products and technology systems.

	  	 	  
	
Penalty:

	 	
Nonpayment of the revenue- and spectrum clean-up-related amounts due under the Authorization Agreements will implicate a daily penalty of 0.33% per day, to a limit of 20%, to be applied to the value of the outstanding amount not paid. Nonpayment will also entail forfeiture of the authorization to use radio frequency blocks, regardless of the application of other penalties provided in Anatel regulations.  Any payments made prior to any such forfeiture will not be refunded.

 

Failure to comply with the conditions and obligations in the Authorization Agreement will subject the Authorizee to Obligation Non-Compliance Determination Procedures, or PADO, established under Anatel regulations, without prejudice to civil and penal sanctions.Exhibit 4.2

 

 

English Language Summary

Authorization Agreement for Radiofrequency Blocks Personal Mobile Service(Termo de Outorga de Autorização de Uso de Blocos de Radiofrequências Associadas do Serviço Móvel Pessoal) No. 145/2014/SOR-ANATEL

	
Parties:

	 	
TIM Celular S.A., as Authorizee, and Agência Nacional de Telecomunicações (Anatel), as Grantor.

	  	 	  
	
Date of Agreement:

	 	
December 5, 2014.

	  	 	  
	
Date of Publication in Official Journal:

	 	
December 8, 2014.

	  	 	  
	
Expiration:

	 	
December 8, 2029 (15 years).

	  	 	  
	
Renewal:

	 	
Authorizee has a one-time right to renew, for an equal period.

	  	 	  
	
Purpose:

	 	
Authorization to use blocks of radiofrequency associated with Personal Mobile Service, without exclusivity, in the following sub-bands:

 

718. 0 to 728.0 MHz

773.0 to 783.0 MHz

	  	 	  
	
Area:

	 	
Region II of the PGA, which covers the Federal District and the states of Rio Grande do Sul, Santa Catarina, Paraná, Mato Grosso do Sul, Mato Grosso, Goiás, Tocantins, Rondônia and Acre

	  	 	  
	
Amount:

	 	
The total amount due for the authorizations conferred by this Authorization Agreement is set forth in Authorization Agreement No. 144/2014/SOR-ANATEL (R$1,738,873,677.09 (one billion, seven hundred thirty eight million, eight hundred seventy three thousand, six hundred seventy seven reais and nine cents)), which will be payable as follows:

 

·  The total amount or, at the minimum, 10% (ten percent) of the total amount shall be paid on the date of the signature of the Authorization Agreement, as adjusted for the IGP-DI at the effective date of payment; and

 

·  The remaining amounts, totaling at the most 90% (ninety percent) of the total amount shall be paid in six equal payments annually, commencing on the 36th (thirty-sixth) month from publication of the Authorization Agreement, as adjusted for the IGP-DI at the effective date of payment and interest of 1.0% (one percent) per month.

 

Additionally, every two years during the authorization period, the Authorizee must pay an amount corresponding to 2% (two percent) of its related revenues for the year preceding payment, net of taxes and social contributions. On the 15th year the Authorizee must pay 1% of its revenue for the previous year.

 

The Authorizee, together with the authorizees of other sub-bands in the 700 MHz frequency spectrum by means of a joint entity to be set up by them for the same purpose, shall also reimburse TV and RTV broadcasters for certain costs associated with the clean-up of the spectrum for mobile uses. These costs, as set forth in Auction Notice (Edital de Licitação) No. 2/2014-SOR/SPR/CD-Anatel, Annex II-A, must be paid as follows:

 

·  30% (thirty percent) of the costs within 30 (thirty) days after the formation of the joint entity;

·  30% (thirty percent) of the costs by January 31, 2016;

·  30% (thirty percent) of the costs by January 31, 2017; and

·  10% (ten percent) of the costs by January 31, 2018.

	  	 	  
	
Material Terms and Conditions:

	 	
The Authorizee must also comply with certain coverage commitments and must fulfill minimum national content obligations in the acquisition of its goods, products and technology systems.

 

  

  

  

 

	
Penalty:

	 	
Nonpayment of the revenue- and spectrum clean-up-related amounts due under the Authorization Agreements will implicate a daily penalty of 0.33% per day, to a limit of 20%, to be applied to the value of the outstanding amount not paid. Nonpayment will also entail forfeiture of the authorization to use radio frequency blocks, regardless of the application of other penalties provided in Anatel regulations.  Any payments made prior to any such forfeiture will not be refunded.

 

Failure to comply with the conditions and obligations in the Authorization Agreement will subject to PADO procedures, established under Anatel regulations, without prejudice to civil and penal sanctions.

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