LOCK-UP AND LEAK-OUT AGREEMENTLeak-Out Agreement • June 30th, 2017 • Gopher Protocol Inc. • Services-management consulting services • California
THIS DEBT SETTLEMENT LOCK-UP AND LEAK-OUT AGREEMENT (this “Agreement”) is entered into and effective as of June 26, 2017 (the “Effective Date”) by and between Gopher Protocol Inc., a Nevada corporation with an address at 2500 Broadway, Suite F-125, Santa Monica, CA 90404, (the “Company”) and Guardian Patch LLC, a California limited liability company (hereinafter the “Note Holder”) (each a “Party” and collectively the “Parties”).
LOCK-UP AND LEAK-OUT AGREEMENTLock-Up and Leak-Out Agreement • June 30th, 2017 • Gopher Protocol Inc. • Services-management consulting services • California
THIS DEBT SETTLEMENT LOCK-UP AND LEAK-OUT AGREEMENT (this “Agreement”) is entered into and effective as of June 29, 2017 (the “Effective Date”) by and between Gopher Protocol Inc., a Nevada corporation with an address at 2500 Broadway, Suite F-125, Santa Monica, CA 90404, (the “Company”) and Stanley Hills, LLC, a Nevada limited liability company (hereinafter, the “Note Holder”) (each a “Party” and collectively the “Parties”).
Gopher Protocol Inc.Employment Agreement • June 30th, 2017 • Gopher Protocol Inc. • Services-management consulting services
Reference is hereby made to that certain Amended and Restated Territorial License Agreement and between Gopher Protocol Inc. (“Gopher”) and Hermes Roll LLC, a company that was to be formed and owned by you, dated June 16, 2015 (the “Agreement”). The parties acknowledge that Hermes Roll LLC was never formed. The Agreement requires that Gopher pay you 2% of actual revenues generated during the three-year period commencing upon generation of revenue (the “Royalty”).To date, the parties acknowledge that you have received cash disbursements of $144,000 during the year ended December 31, 2016 and $56,000 from January 1, 2017 through the date hereof under your Amended and Restated Employment Agreement (“Employment Agreement”) dated January 1, 2016 (collectively, the “Historical Disbursements” and together with any future cash disbursements, the “Disbursements”) – said payments were done under the the Employment Agreement and No payment was done under the Agreement as Royalty.
