Exhibit 10.29

 

COMPANY CONSULTING AGREEMENT

 

CONSULTING AGREEMENT effective as of February 28, 2013 between NEUROTROPE
BIOSCIENCE, INC., a Delaware corporation, having a mailing address at 10732
Hawk’s Vista Street, Plantation, Florida 33324 (the “Company”) and RAMAT
CONSULTING CORP., a company organized under the laws of the State of New York,
USA, having an address at 111 Jim Stephenson Road, Swan Lake, New York 12783(“
Consultant”).

 

WITNESSETH:

 

WHEREAS, the Company is engaged in the research, design and development, of
proprietary technologies and pharmaceuticals for the diagnosis and treatment of
Alzheimer’s Disease and licenses, owns and controls intellectual property
relating thereto;

 

WHEREAS, simultaneous with the execution of this agreement, NTR21 Holdings, LLC,
a New York limited liability company controlled by Charles S. Ramat (“NTR”), is
purchasing $1,000,000 of Series A Preferred shares of the Company, and the
Company and NTR have entered into a Series A Preferred Stock Purchase Agreement
(the “Share Purchase Agreement”) relating to such shares (the “NTR Shares”);

 

WHEREAS, Consultant is owned and controlled by Charles S. Ramat.

 

WHEREAS, in view of Mr. Ramat’s and Consultant’s expertise in the strategic
development of business enterprises, the Company desires to retain Consultant to
provide business development and marketing consulting services to the Company,
all upon the terms and subject to the conditions hereinafter set forth;

 

NOW, THEREFORE, in consideration of the mutual premises, covenants and
agreements set forth below and intending to be legally bound, the parties hereto
agree as follows:

 

1.           Retention of Consultant; Term. (a) The Company hereby agrees to
retain the Consultant, and the Consultant hereby agrees to serve, as an
independent consultant to the Company, in accordance with the terms and
provisions of this Agreement, during the Consulting Term. The Consulting Term
shall initially be set at five years from the date of this Agreement, and
thereafter, will be automatically renewed from year to year on March 1st of each
year, without any further action by the parties, unless either the Company or
Consultant notifies the other party in writing at least sixty (60) days prior to
the expiration of the Consulting Term then in effect that it does not desire to
renew this Agreement

 

(b)           The Company may terminate the Consulting Term for “Cause”, upon
thirty (30) days written notice describing the circumstances thereof in
reasonable detail (during which time Consultant shall have the opportunity to
explain the situation and correct any misunderstandings). As used herein, the
term “Cause” shall mean: (i) any material breach of this Agreement by the
Consultant; (ii) any willful or gross neglect by the Consultant of his duties
and responsibilities hereunder; (iii) any fraud, criminal misconduct, breach of
fiduciary duty, dishonesty, gross negligence or willful misconduct by the
Consultant in connection with the performance of his duties and responsibilities
hereunder; (iv) the intoxication of Consultant or Consultant being under the
influence of illegal or illegally obtained drugs during business hours or while
on call, or Consultant’s habitual drunkenness or addiction to drugs (provided
that this shall not restrict the Consultant from taking physician-prescribed
medication in accordance with the applicable prescription); (v) the commission
by the Consultant of any (A) felony or (B) crime or act of moral turpitude; (vi)
any action by the Consultant that may materially impair or damage the reputation
of the Company; (vii) insubordinate disregard of any lawful direction given to
the Consultant by the Board; or (viii) failure or refusal to comply with the
Company’s lawful policies and procedures.

 

 

 

 

(c)           Consultant may terminate the Consulting Term for “Good Reason”.
For purposes of this Agreement, “Good Reason” shall mean that the Company has
failed to pay Consultant any compensation or reimbursements due to Consultant
under Sections 3 or 4 of this Agreement, or the Company has breached any of its
representations, warranties or covenants under this Agreement, or the Company or
its management has engaged in willful and intentional acts of fraud or illegal
activity involving the Company, and any such failure, breach or default
continues uncured after ten (10) days written notice from Consultant to the
Company describing the circumstances thereof in reasonable detail (during which
time the Company shall have the opportunity to explain the situation and correct
any misunderstandings).

 

2.           Consulting Services of Consultant.

 

(a)           The consulting services to be performed by Consultant as an
independent consultant to the Company during the Consulting Term shall include
providing business development and marketing consulting services as reasonably
requested by the Company.

 

(b)           Consultant shall make available Mr. Charles S. Ramat to provide
consulting services for the Company, on a part-time basis, although there is no
minimum time commitment. Consultant may provide services either from
Consultant’s or Mr. Ramat’s own home or offices, or via telephone or video
conference calls, emails, text, or other methods of communication. Recognizing
that the Company’s facilities are virtual and the Company may have or utilize
facilities in West Virginia, Maryland, Florida and other locations and
Consultant is normally based in New York, Consultant will render services from
New York except upon Company approved and reimbursed travel to the Company’s
facilities. Consulting services which shall count towards Consultant’s
obligations shall include time spent at meetings, presentations and calls and on
research and analysis relating to the Company, regardless of location, as well
as travel time, whether out of town or locally. Consultant may schedule services
to the Company, at their mutual convenience, and the Company recognizes that
there may be weeks when Mr. Ramat is traveling on vacation or other business and
work for the Company will be rescheduled for other times.

 

(c)           In order to make the most effective use of Consultant’s services,
the Company will cause the Company’s directors, executive officers, key
personnel and professional advisors to speak and meet with Mr. Ramat on a
regular basis, and to enable Mr. Ramat to attend, at his option and as an
Observer, the Company’s Board of Directors meetings (as more fully described in
Section 7 of this Agreement), management committee meetings and meetings with
professional advisors (which may be accomplished by video or audio conference
calls). The Consultant and Company shall cooperate to mutually schedule such
meetings to facilitate Mr. Ramat’s participation.

 

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(d)           To further the effectiveness of Consultant’s services, the Company
shall keep the Consultant informed of all material transactions and events
concerning the Company, and the Company will provide to Consultant, all material
information regarding the Company, including financial, management and
operations reports, business plans, investment offering materials, term sheets,
letters of intent, leases, licenses and contracts for proposed and completed
transactions, patent and other technology descriptions, brochures and reports,
and other marketing information.

 

(e)           Consultant and Mr. Ramat shall maintain any such information
provided to them regarding the Company which is non-public and proprietary in
confidence and shall not use, disclose or transfer such information for purposes
competitive or adverse to the Company. However, the Company acknowledges that
Consultant’s services with respect to the Company include attending and
participating in meetings, calls and communications and providing information
regarding the Company in presentations and negotiations, with professional
advisors, investors, lenders, underwriters, customers, joint venturers,
licensees, consultants, contractors and other counterparties of the Company, and
any of such Consultant’s and Mr. Ramat’s activities on behalf of the Company
shall be permissible. Further, Consultant and Mr. Ramat shall be entitled to
disclose such Company information in response to court orders, subpoenas and
other legal process, after notifying the Company of such requests so the Company
has the opportunity to challenge or limit such request.

 

(f)           The Consultant shall operate under the reasonable direction of the
Board of Directors of the Company. The Consultant shall not have authority to
undertake Company obligations or liabilities and all contracts, applications,
proposals or other legal commitments shall be signed by an appropriate officer
of the Company and shall be solely the obligation of the Company.

 

3.           Consulting Fees.           (b) As compensation for the services to
be rendered by Consultant pursuant to this Agreement during the Consulting Term,
the Company agrees to pay to Consultant a monthly fee of Four Thousand One
Hundred and Sixty Seven Dollars ($4,167) Dollars ($50,000 annually), to be wire
transferred to Consultant’s account on or before the first day of each calendar
month (with the first such payment to be made on or before the execution of this
Agreement).

 

(b)           Since the Consultant is an independent contractor of the Company
and not an employee, there will be no withholding for taxes from any payments
due to Consultant under this Agreement.

 

4.           Reimbursement of Expenses. (c) Consultant shall be reimbursed for
all pre-approved travel in connection with the Consultant’s services to the
Company, including without limitation, any travel to the Company’s facilities in
Maryland, West Virginia, or Florida. Any Consultant air travel will be “Business
Class”.

 

(b)           Consultant shall also be reimbursed, upon submission to the
Company of appropriate vouchers and receipts, for all other out-of-pocket
expenses reasonably incurred by Consultant in furtherance of the Company’s
business.           

 

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(c)           Such reimbursements shall be paid promptly after the required
submissions, and in no event less frequently than monthly.

 

5.           Survival of Payment Obligations After any Termination.

 

In the event of any termination or expiration of the Consulting Term or this
Agreement, the Company shall remain obligated and shall pay to Consultant,
within ten (10) business days of the termination or expiration date, (i) all
unpaid monthly compensation through the termination date and (ii) all
unreimbursed expenses payable to Consultant pursuant to Section 4 above.

 

6.           No Joint Venture, Etc.

 

(a)           The Consultant and the Company shall be independent contractors
and nothing in this Agreement shall be construed as creating a partnership,
joint venture, employment or agency relationship between the Company or
Consultant.

 

(b)           Consultant does not represent, warrant, guarantee or ensure any
particular business results from the services which may be performed for the
Company pursuant to this Agreement.

 

(c)           In the event that Consultant refers or introduces to the Company,
or arranges for the Company to utilize the services of, third parties such as
attorneys, accountants, investment bankers, brokers, finders, sales or marketing
representatives, contractors or other consultants, such third parties will be
direct contractors for the Company and not Consultant and their fees,
commissions, disbursements and other charges will be the sole responsibility of
the Company. Consultant is not providing any licensed professional services
under this Agreement and the Company shall retain and rely upon its own
attorneys, accountants, tax advisors, securities broker dealers, underwriters,
engineers, appraisers and other licensed professionals.

 

(d)           The Company acknowledges that, in connection with Consultant’s
performance of its services hereunder, Consultant and Mr. Ramat at all times are
entitled to rely, as to accuracy and completeness, upon information furnished to
them by the Company’s directors, officers, employees, professional advisors and
agents.

 

(e)           Neither Consultant nor any of his affiliates assumes, assures,
endorses or guarantees or shall have any responsibility for any liability,
obligation or contract of the Company.

 

(f)           The Company shall provide advance written notice to the Consultant
prior to including the name or identification of Consultant or Mr. Ramat or
their affiliates in any application, filing, report or registration with any
governmental or regulatory agency or any prospectus, offering memo, brochure,
proposal or other marketing materials, and unless there is a legal requirement
compelling such disclosure, the Consultant’s and Mr. Ramat’s written consent
shall be required for such use or disclosure.

 

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(g)           The Company does hereby indemnify Consultant, Mr. Ramat and their
heirs, personal representatives, successors and assigns (“Consultant Indemnified
Parties”) and agree to defend and hold them harmless from and against any and
all claims, damages, charges, liabilities, losses, judgments, fines, penalties,
amounts paid in settlement or satisfaction of claims, costs and expenses
(including without limitation reasonable attorneys’ fees and expenses) arising
out of, relating to or accruing in respect of (i) liabilities and obligations of
the Company or its business, products or assets, and claims relating to the
conduct of the Company’s business, including, without limitation, liabilities
for taxes, regulatory fines, assessments and penalties, and any claims or
disputes of the Company with customers, doctors, patients, hospitals or other
medical providers, insurers, investors, lenders, licensees, licensors,
consultants, contractors, employees or others and (ii) any breach or violation
of any representation, warranty, covenant or obligation of the Company under
this Agreement. The rights of indemnification provided by this Section 6(g)
shall be in addition to, and not be deemed exclusive of, any other rights and
remedies apart from this Agreement which may be available to Consultant or Mr.
Ramat, whether pursuant to the Share Purchase Agreement or by any other
contract, at law, in equity or otherwise.

 

7.           Observer to the Board of Directors.           (d)   Effective
immediately, Mr. Ramat shall be appointed as an Observer to the Board of
Directors of the Company, and such appointment shall be ratified by the Board of
Directors at its very next meeting and/or written consent on or after the date
of this Agreement. Mr. Ramat shall continue to be an Observer to the Board of
Directors of the Company throughout the Consulting Term, and if necessary, the
Board of Directors shall re-appoint and re-confirm such appointment an Observer
from time to time.

 

(b)           As an Observer to the Board of Directors, Mr. Ramat shall have all
of the same rights as a member of the Board of Directors, under the Company’s
Certificate of Incorporation, By-Laws, and applicable law, other than the right
to vote. Such rights afforded to Mr. Ramat shall include, without limitation,
notice of, and the right to attend and participate in and speak at, all Board of
Directors meetings, whether held in person or by conference telephone or video
or on-line, and the right to review in advance all proposed written consents and
actions of the Board of Directors; the right to receive all minutes and reports
of Board of Directors meetings and actions by written consent; and the right to
receive all financial and other reports, presentations and information referred
to in Section 2(d) which may be provided to Directors; and the right to be
informed of all material transactions and events concerning the Company; and the
right to meet and speak with the Company’s directors, executive officers, key
personnel and professional advisors as referred to in Section 2(c).

 

(c)           The Company will indemnify Mr. Ramat to the fullest and same
extent as the Company provides indemnification to its Directors from time to
time under the Company’s Certificate of Incorporation, By-Laws and applicable
law, and under the Company’s policies of Directors and Officers Liability
Insurance. The Company will take steps to assure that Mr. Ramat, even though an
Observer, is covered by the Company’s policies of Directors and Officers
Liability Insurance.

 

(d)           The Company will provide compensation to Mr. Ramat in the same
amounts as the Company provides to its Directors for service in the capacity of
a Director.

 

(e)           The Company will reimburse Mr. Ramat for all reasonable out of
pocket expenses, including travel expenses, to attend and participate in Board
of Directors meetings.

 

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8.           Stock Options Granted to Mr. Ramat.

 

(a)           The Company does hereby grant to Mr. Ramat options to purchase
Three Hundred Thousand (300,000) shares of the Company’s Common Stock, at an
exercise price of One ($1.00) per share (the “Options”). The Options may be
exercised for a term of ten (10) years from the date each Option becomes fully
vested. To the fullest extent possible the terms and conditions of the Options
granted to Mr. Ramat will follow the Common Stock Purchase Agreement provided to
Jim New, the CEO of the Company, except that Mr. Ramat shall receive options for
Common Stock rather than issued shares of Common Stock.

 

(b)           As with Mr. New’s agreement, Twenty (20%) percent of Mr. Ramat’s
Options shall vest immediately upon the date of this Agreement, and the balance
of Eighty (80%) shall vest fractionally on a day by day basis over the
subsequent 4 year term from the date of this Agreement ( 240,000 shares / 1460
days = 164 shares vest each day of the consulting agreement). An acceleration of
this vesting schedule may be awarded at the discretion of Neurotrope’s Board of
Directors in the event the Consultant is instrumental in assisting the Company
in further capital raising activities. Also similar to Mr. New’s agreement, all
of the Options granted to Mr. Ramat will vest upon the earlier to occur of (i) a
“Deemed Liquidation Event” or a “Fundamental Change” or a “Change of Ownership”
of the Company as such terms may be defined in the Certificate of Incorporation
of the Company and (ii) upon the effective date of a registered public offering
of the Company’s Common Stock.

 

(c)           In the event that the Company has validly terminated the
Consulting Term for “Cause” pursuant to Section 1(b) of this Agreement, then any
Options which were scheduled to vest after the effective date of termination
shall not vest, but Mr. Ramat shall retain all rights as to Options which were
scheduled to vest prior to the effective date of termination.

 

(d)           The Options granted to Mr. Ramat shall not be transferable except
(i) by will or intestate devise or (ii) to family members, family trusts or
controlled companies for estate planning purposes. Any such transferee of the
Options shall take subject to the terms and conditions of this Agreement.

 

(e)           Any vested Option may be exercised in whole or in part by the
holder sending written notice to the Company of the number of Options to be
exercised and the total exercise price to be paid, and upon submission of a
check or wire transfer for the total exercise price, the Company shall issue and
deliver to the holder a stock certificate for the shares for which the Option is
exercised. The shares shall bear an appropriate legend indicating they are
restricted securities subject to applicable securities laws. The Company shall
at all times from and after the date of this Agreement until the last Option
term for exercise has expired, reserve the number of shares of Common Stock
necessary to satisfy all Options that may be exercised.

 

(f)           Mr. Ramat, shall, with respect to the shares to be issued upon
exercise of the Options, have and be entitled to all rights that the other
holders of Common Stock of the Company have pursuant to the Stockholders
Agreement dated October 31,2012, including without limitation, First Refusal
Rights; Tag Along Rights; Drag Along Rights and Obligations;

 

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(g)           In addition, Mr. Ramat shall, with respect to the shares to be
issued upon exercise of the Options, have and be entitled to all rights set
forth in the Investors’ Rights Agreement dated on or about February 28, 2013,
including Registration Rights and Rights to Future Stock Issuances.

 

9.           Notices. Any notices and other communications hereunder shall be in
writing and shall be deemed to have been duly given when mailed by first class
registered or certified, postage prepaid, to their addresses as set forth above,
or by courier delivery or by fax or email with confirmed receipt, or to such
other address as shall be designated by such party by notice given in accordance
herewith.

 

Copies of all notices to the Company shall be sent to

 

James New                                            

CEO                                                         

Neurotrope Bioscience                            

                                                                  

Tel: 954 632 6630                                   

Fax: 954 452 4656                                  

Email: jnew@neurotropebioscience.com

 

Copies of all notices to the Consultant shall be sent to

 

Lawrence M. Levinson, Esq.

Troutman Sanders LLP

The Chrysler Building

405 Lexington Avenue

New York, New York 10174

Tel: 212 - 704 - 6251

Fax: 212 - 704 - 5955

Email: Lawrence.levinson@troutmansanders.corn

 

10.           General Provisions.

 

(a)           Any provision of this Agreement which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not be invalidate or render unenforceability such provision
in any other jurisdiction.

 

(b)           No failure to exercise nor any delay in exercising on the part of
any party of any right, power or privilege hereunder shall operate as a waiver
thereof; not shall any single or partial exercise of any right, power or
privilege hereunder preclude any other or further exercise thereof or the
exercise of any other right, power or privilege. The rights and remedies herein
provided are cumulative and may be exercised singly or concurrently, and are not
exclusive of any rights or remedies provided by law.

 

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(c)           None of the terms or provisions of this Agreement may be waived,
altered, modified or amended except by an instrument in writing, duly executed
by Consultant and the Company. This Agreement shall inure to the benefit of and
be enforceable by and binding upon Consultant and the Company and their
respective heirs, personal representatives, successors and assigns. Neither the
Company nor Consultant shall transfer or assign their rights or obligations
under this Agreement.

 

(d)           Each of the parties hereto shall cooperate and take such actions,
and execute such other documents and instruments, as may be reasonably requested
by the others in order to carry out the provisions and purposes of this
Agreement.

 

(e)           This Agreement may be executed in counterpart copies and each of
which shall be an original but all of which shall constitute a single
instrument.

 

(f)           The provisions and covenants set forth in this Agreement are for
the benefit of the parties to this Agreement and not for the benefit of any
third party or other person, and no third party or other person shall have any
right to enforce the provisions and covenants against any party hereto.

 

(g)           This Agreement shall be construed and governed by the laws of the
State of New York. Each party hereto for himself, itself and his or its heirs,
personal representatives, successors and assigns, hereby consents to personal
jurisdiction over him, it and them in the federal and state courts located in
the State of New York. The Consultant may enforce this Agreement both in New
York and any state where the Company is located.

 

(h)           The Company represents and warrants to Consultant that this
Agreement has been duly authorized by all necessary corporate action, has been
duly executed and delivered and constitutes the legal, valid and binding
obligation of the Company enforceable in accordance with its terms.

 

(i)           The Company will require any successor (whether direct or
indirect, by purchase of assets or capital stock, merger, consolidation or
otherwise) to all or substantially all of the business and/or assets of the
Company to assume expressly and agree in writing to perform this Agreement in
the same manner and to the same extent that the Company would be required to
perform it if no such succession had taken place. As used in this Agreement, the
“Company” shall mean the Company as hereinabove defined and any successor to its
business and/or assets as aforesaid which assumes and agrees to perform this
Agreement by operation of law or otherwise.           

 

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IN WITNESS WHEREOF, the Company and Consultant have caused this Agreement to be
executed as of the day and year first above written.           

 

  NEUROTROPE BIOSCIENCE, INC.

 

  By: /s/ James New

 

  Printed Name: James New

 

  Title: CEO Neurotrope Bioscience

 

 

  RAMAT CONSULTING CORP.         By: /s/ Charles Ramat   Charles S. Ramat,
President

 

 

 

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AMENDMENT TO CONSULTING AGREEMENT

 

           AMENDMENT dated December 18, 2013 to CONSULTING AGREEMENT effective
as of February 28, 2013 between NEUROTROPE BIOSCIENCE, INC., a Delaware
corporation, having a mailing address at 10732 Hawk’s Vista Street, Plantation,
Florida 33324 (the “Company”) and RAMAT CONSULTING CORP., a company organized
under the laws of the State of New York, USA, having an address at 111 Jim
Stephenson Road, Swan Lake, New York 12783 (“Consultant”).

 

WITNESSETH:

 

WHEREAS, the Company is engaged in the research, design and development, of
proprietary technologies and pharmaceuticals for the diagnosis and treatment of
Alzheimer’s Disease and licenses, owns and controls intellectual property
relating thereto;

 

WHEREAS, Consultant’s services are performed by Mr. Charles Ramat who owns and
controls Consultant and the Company would like to assign to Consultant
additional responsibilities to assist the Board of Directors of the Company in
developing, synthesizing and refining a strategic plan for development of the
Company’s technology, and to set forth the parameters for such assignment, and
Consultant is willing to undertake such assignment on the terms set forth in
this Amendment;

 

NOW, THEREFORE, in consideration of the mutual premises, covenants and
agreements set forth below and intending to be legally bound, the parties hereto
agree as follows:

 

1.           Scope of Assignment.

 

(a)           The Company hereby authorizes and directs Consultant to assist the
Board of Directors in developing, synthesizing and refining a strategic plan for
development of the Company’s technology, and to meet with and obtain input from,
the Company’s directors, officers, key employees, technical personnel,
consultants and advisors. Consultant may attempt to synthesize and reconcile
alternative viewpoints, to facilitate discussions among such Company personnel
and consultants, and/or recommend approaches and alternatives. Consultant can
arrange such communications as and when convenient for his schedule. Consultant
does not provide any assurances, and the Company and the Board recognize there
are no assurances, that any particular plan or result can be developed or
achieved through the efforts of Consultant.

 

(b)           Consultant and Mr. Ramat shall report solely to the Board of
Directors of the Company, which is anticipated to be verbal updates from time to
time. Consultant shall merely be providing information, recommendations or
viewpoints to the Board, and the Board of Directors of the Company shall have
the responsibility of acting upon and making decisions with respect to any input
provided by Consultant, and any actions or decisions so taken by the Board of
Directors shall be solely the obligations of the Company. .

 

(c)           The Company and the Board shall rely upon their counsel, tax
advisors and accountants with respect to any legal, securities, tax or
accounting aspects of any technical development plan, information, discussions,
recommendations or viewpoints relating thereto, whether presented by Consultant
or other Company personnel or advisors, and neither Consultant nor Mr. Ramat are
providing any legal, securities, tax or accounting advice.

 

(d)           The Company’s Board of Directors, in consultant with counsel,
shall have the responsibility of determining whether any disclosures, reports or
filings are necessary, either within the Company or in public filings or
releases , with respect to any technical development plan, information,
discussions, recommendations or viewpoints relating thereto, whether presented
by Consultant or other Company personnel or advisors, and if any are determined
to be necessary, the Board and counsel shall prepare the contents
thereof.           

 

 

 

 

(e)           In providing such assistance to the Board of Directors, the
Consultant may obtain confidential information regarding the Company and it
technology, which shall be maintained as such, but the Company and the Board
acknowledge that inherent to the Consultant’s assignment is discussion of such
information with Company personnel and consultants, and Consultant is permitted
to discuss and utilize such confidential information for purposes of carrying
out the assignment under this Amendment.

 

(f)           Consultant shall be reimbursed for any out of town travel or other
out of pocket expenses incurred by Consultant or Mr. Ramat in connection with
the foregoing assignment, in the manner provided in the Consulting Agreement.

 

2.           Indemnification.

 

(a)           The Company does hereby indemnify Consultant, Mr. Ramat and their
heirs, personal representatives, successors and assigns (“Consultant Indemnified
Parties”) and agree to defend and hold them harmless from and against any and
all claims, damages, charges, liabilities, losses, judgments, fines, penalties,
amounts paid in settlement or satisfaction of claims, costs and expenses
(including without limitation reasonable attorneys’ fees and expenses) arising
out of relating to or accruing in respect of any claims, liabilities and
obligations (of the Company, the Board of Directors of the Company, or
otherwise) relating to or arising out of Consultant’s or Mr. Ramat’s activities
on behalf of the Company relating to the assistance and assignment described in
this Agreement, or any technical development plan or recommendations or actions
omissions of the Company or the Board of Directors or any Company personnel
relating hereto, including without limitation, any claims under federal, state
or foreign securities laws. The rights of indemnification provided by this
Section 2 shall be in addition to, and not be deemed exclusive of, any other
rights and remedies of Consultant or Mr. Ramat apart from this Amendment.

 

3.           General Provisions.           

 

(a)           In all other respects, the Consulting Agreement remains unchanged
and in full force and effect, and all of the provisions of the Consulting
Agreement (not otherwise addressed herein) shall govern the relationship between
Consultant and the Company.

 

(b)           This Amendment may be executed in counterpart copies and each of
which shall be an original but all of which shall constitute a single
instrument.

 

(c)           The provisions and covenants set forth in this Amendment are for
the benefit of the parties to this Amendment and Mr. Ramat and not for the
benefit of any third party or other person, and no third party or other person
shall have any right to enforce the provisions and covenants against any party
hereto.

 

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IN WITNESS WHEREOF, the Company and Consultant have caused this Amendment to be
executed as of the day and year first above written.

 

  NEUROTROPE BIOSCIENCE, INC.

 

  By: /s/ James New

 

  Printed Name: James New

 

  Title: CEO

 

 

  RAMAT CONSULTING CORP.         By: /s/ Charles Ramat   Charles S. Ramat,
President

 

 

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AMENDMENT NO. 2 TO

CONSULTING AGREEMENT

 

THIS AMENDMENT NO. 2 to CONSULTING AGREEMENT dated February 2nd, 2015 (the
“Amendment”) to CONSULTING AGREEMENT effective as of February 28, 2013, and as
amended on December 18, 2013 (the Consulting Agreement”) between NEUROTROPE
BIOSCIENCE, INC., a Delaware corporation having an address at 50 Park Place,
Suite 1401, Newark, New Jersey 07102 (the “Company”) and RAMAT CONSULTING CORP.,
a company organized under the laws of the State of New York, USA, having an
address at 111 Jim Stephenson Road, Swan Lake, New York 12783 (“Consultant”).

 

WITNESSETH:

 

WHEREAS, the Company is engaged in the research, design and development, of
proprietary technologies and pharmaceuticals for the diagnosis and treatment of
Alzheimer’ s Disease and licenses, owns and controls intellectual property
relating thereto;

 

WHEREAS, Consultant’s services are performed by Mr. Charles Ramat who owns and
controls Consultant and the Company and Consultant would like to amend the
Consulting Agreement to clarify Consultant’s services for the Company;

 

NOW, THEREFORE, in consideration of the mutual premises, covenants and
agreements set forth below and intending to be legally bound, the parties hereto
agree as follows:

 

1.                  Scope of Assignment.

 

(a)                The Company hereby authorizes and directs Consultant to
provide services as follows: Mr. Ramat shall be engaged as the Company’s
President and Chief Executive Officer and shall perform all duties consistent
with that position.

 

2.                  General Provisions.

 

(a)                In all other respects, the Consulting Agreement remains
unchanged and in full force and effect, and all of the provisions of the
Consulting Agreement (not otherwise addressed herein) shall govern the
relationship between Consultant and the Company; and any ambiguities between
this Amendment and the Consulting Agreement shall be governed by the Consulting
Agreement

 

(b)               This Amendment may be executed in counterpart copies and each
of which shall be an original but all of which shall constitute a single
instrument.

 

(c)                The provisions and covenants set forth in this Amendment are
for the benefit of the parties to this Amendment and Mr. Ramat and not for the
benefit of any third party or other person, and no third party or other person
shall have any right to enforce the provisions and covenants against any party
hereto.

 

 

 

 

 

IN WITNESS WHEREOF, the Company and Consultant have caused this Amendment to be
executed as of the day and year first above written.

 

  NEUROTROPE BIOSCIENCE, INC.

 

  By: /s/ Robert Weinstein

 

  Printed Name:

Robert Weinstein

 

  Title:

Secretary

 

 

  RAMAT CONSULTING CORP.         By: /s/ Charles Ramat   Charles S. Ramat,
President

 

 

 

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