SEC Contract Filing

Filing Date: 2024-06-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ea020831401ex10-2_elevai.htm
<DESCRIPTION>AMENDED AND RESTATED CONSULTING AGREEMENT, BY AND BETWEEN THE COMPANY AND NORTHSTRIVE COMPANIES INC
<TEXT>
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<P STYLE="margin: 0pt; text-align: right"><B>Exhibit 10.2</B></P>

<P STYLE="margin: 0pt; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center">AMENDED AND RESTATED CONSULTING
AGREEMENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center">FOR NON-EXECUTIVE CHAIRMAN</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">This Amended and Restated Consulting
Agreement (this &ldquo;<U>Agreement</U>&rdquo;), effective as of June 21, 2024 (&ldquo;<U>Effective Date</U>&rdquo;), is entered into
by and between Elevai Labs Inc., a Delaware corporation fka Reactive Medical Labs, Inc. (&ldquo;<U>Company</U>&rdquo;), and <FONT STYLE="font-size: 10pt">NorthStrive
Companies Inc., a California corporation </FONT>(&ldquo;<U>Consultant</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center">Recitals</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">A. Whereas,
Company and BWL Investments Ltd, a British Columbia corporation (or its predecessors in interest) entered into that certain Consulting
Agreement, dated July 3, 2020, as amended (collectively, the &ldquo;<U>Original Agreement</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">B. Whereas,
Consultant received an assignment of the Original Agreement effective on or after December 19, 2022; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">C. Whereas,
the parties amended and restate the Original Agreement, in its entirety on May 1, 2023 (the &ldquo;<U>Amended Agreement</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 71.95pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">D. Whereas,
the parties mutually wish to amend and restate the Amended Agreement, in its entirety, as set forth in this Amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">NOW, THEREFORE, in consideration of the foregoing and
for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center">Agreement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">1. <B><U>Consulting
Relationship</U></B>. During the term of this Agreement, Consultant will perform the consulting services as described on <U>Exhibit A</U>
(the &ldquo;<U>Services</U>&rdquo;). Consultant shall perform the Services in a diligent and professional matter, and in compliance with
all applicable laws and regulations.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 5.8pt">(a)</TD><TD STYLE="text-align: justify; padding-right: 5.55pt"></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in"> (a) <I>Non-executive Chairman</I>. The Consultant agrees to designate Braeden Lichti, chief executive officer of the Consultant, to perform those Services as Non-executive Chairman in an assignment agreement pursuant to that assignment agreement dated June 21, 2024, by and between the Company, the Consultant and Mr. Lichti.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">2. <B><U>Fees</U></B>.
As consideration for the Services performed by Consultant and other obligations, Company shall pay Consultant the amounts specified in
<U>Exhibit B</U> at the times specified therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">3. <B><U>Expenses</U></B>.
Consultant will be responsible for all expenses incurred while performing the Services unless Consultant receives the prior written approval
of the Company to reimburse a particular expense. Without limiting the right of Company to deny approval, as a condition to receipt of
reimbursement, Consultant shall be required to submit to Company reasonable evidence that the amount involved was both reasonable and
necessary to the Services provided under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></P>

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