Gopher Protocol Inc. 2500 Broadway, Suite F-125 Santa Monica, CA 90404 June 29, 2017 (June 30th, 2017)
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.
Amended and Restated Employment Agreement (April 20th, 2016)
THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the "Agreement") dated as of the 19th day of April, 2016, effective January 1, 2016 (the "Effective Date"), by and among between GOPHER PROTOCOL INC., a Nevada corporation with its principal office located at 23129 Cajalco Road, Perris, California 92570 (the "Company"), and DANNY RITTMAN, with an address located at 7071 Florey Street, San Diego, CA 92122 (the "Executive").