# EDGAR Filing Document

**Accession Number:** 0001681682
**File Stem:** 0001213900-25-116103
**Filing Date:** 2025-11
**Character Count:** 56736
**Document Hash:** 3a1a877509ee309a3933a6e99fc06550
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-116103.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0001213900-25-116103

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251128

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ENDRA Life Sciences Inc.
- **CENTRAL INDEX KEY:** 0001681682
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 260579295
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37969
- **FILM NUMBER:** 251536047

**BUSINESS ADDRESS:**
- **STREET 1:** 3600 GREEN COURT
- **STREET 2:** SUITE 350
- **CITY:** ANN ARBOR
- **STATE:** MI
- **ZIP:** 48105
- **BUSINESS PHONE:** 734-335-0468

**MAIL ADDRESS:**
- **STREET 1:** 3600 GREEN COURT
- **STREET 2:** SUITE 350
- **CITY:** ANN ARBOR
- **STATE:** MI
- **ZIP:** 48105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Endra Inc.
- **DATE OF NAME CHANGE:** 20160805

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 20549**

**FORM 8-K**

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) <u>November 28, 2025</u>

---

| |
|:---|
| **ENDRA Life Sciences Inc.** |
| (Exact name of registrant as specified in its charter) |

---

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-37969** | **26-0579295** |
| (State or other jurisdiction<br> of incorporation) | (Commission File Number) | (IRS Employer<br> Identification No.) |

---

---

| | |
|:---|:---|
| **3600 Green Court, Suite 350 Ann Arbor, MI** | **48105** |
| (Address of principal executive offices) | (Zip Code) |

---

Registrant's telephone number, including area code (734) 335-0468

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common stock, par value $0.0001 per share | NDRA | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 5.02 Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On November 28, 2025, ENDRA Life Sciences Inc. (the "Company") entered into a Consulting Agreement with Michael Thornton (the "Consulting Agreement"), in connection with which Mr. Thornton resigned as the Company's Chief Technology Officer effective on such date. Pursuant to the Consulting Agreement, Mr. Thornton will provide commercialization services and certain deliverables to the Company, as may be requested by the Company from time to time, and the Company shall pay Mr. Thornton at a rate of (i) $150 per hour for the first five hours per calendar week and (ii) $100 per hour for any hours in excess of five hours per calendar week. The Consulting Agreement provides that all of Mr. Thornton's outstanding Options and Restricted Stock Units (each term as defined in the Company's 2016 Omnibus Incentive Plan) shall remain outstanding and continue to vest in accordance with their terms for so long as Mr. Thornton is providing services under the Consulting Agreement. The Consulting Agreement has an indefinite term and may be cancelled by either party with 15 days' notice to the other party.

Additionally, on November 28, 2025, the Company entered into an Advisory Services Agreement (the "Advisory Services Agreement") with Impact Solve, LLC, a Washington limited liability company dba Impact Solutions ("Impact Solutions"), which supersedes and replaces Impact Solutions' prior services agreement with the Company. The Advisory Services Agreement provides for services (the "Services") to be provided to the Company by Richard Jacroux, the Company's Chief Financial Officer, pursuant to work orders to be agreed upon by Mr. Jacroux and the Company from time to time. The Advisory Services Agreement provides that the Company shall reimburse Impact Solutions for reasonable travel and any additional expenses that the parties may agree to in writing in advance. Fees for the Services will be set forth in each applicable work order agreed to in advance by the Company and Impact Solutions. The initial work order, effective as of the date of the Advisory Services Agreement, provides for Mr. Jacroux to serve as the Company's Principal Financial Officer and Principal Accounting Officer for an initial discounted base fee of $8,650 per month and at a rate of $124.70 per hour for hours beyond 16 per week, subject to an increase to a base fee of $10,800 per month and a rate of $156.00 per hour for hours beyond 16 per week effective January 1, 2026. The Advisory Services Agreement includes customary non-solicitation provisions, confidentiality provisions and representations and warranties included in similar agreements.

The foregoing descriptions of the Consulting Agreement and the Advisory Services Agreement do not purport to be complete and are subject to, and qualified in their entirety by, the full text of the Advisory Services Agreement and the Consulting Agreement, which are filed as Exhibits 10.1 and 10.2 hereto, respectively and are incorporated herein by reference.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1 | [Consulting Agreement, dated as of November 28, 2025 by and between ENDRA Life Sciences Inc. and Michael Thornton](ea026773101ex10-1_endra.htm) |
| 10.2 | [Advisory Services Agreement, dated as of November 28, 2025 by and between ENDRA Life Sciences Inc. and Richard Jacroux](ea026773101ex10-2_endra.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **ENDRA Life Sciences Inc.** | **ENDRA Life Sciences Inc.** |
| November 28, 2025 |  |  |
|  | By: | /s/ Alexander Tokman |
|  | Name: | Alexander Tokman |
|  | Title: | Chief Executive Officer and Chairman |

---

## Exhibit 10.1

**Exhibit 10.1** 

**CONSULTING AGREEMENT**

This CONSULTING AGREEMENT ("<u>Agreement</u>"), made as of this 28 November 2025 (the "<u>Effective Date</u>"), is entered into by ENDRA Life Sciences Inc., a Delaware corporation ("<u>Company</u>"), and **Michael Thornton** ("<u>Consultant</u>").

<u>INTRODUCTION</u>

**WHEREAS** the Company develops technologies to improve the capabilities of clinical diagnostic thermo & photo-acoustic technologies;

**AND WHEREAS** the Consultant has been employed by the Company in the capacity of Chief Technology Officer since 2008.

**AND WHEREAS** the Consultant has notified the Company of his intention to voluntarily resign from his employment with the Company as of the Effective Date;

**AND WHEREAS** the Company wishes to retain the services of the Consultant, and the Consultant has agreed to provide his services to the Company as an independent contractor on the terms and conditions hereinafter set forth;

**AND WHEREAS** the Company and the Consultant (individually, a "Party" and together, the "Parties") intend this Consulting Agreement (the "Agreement") to set forth their respective rights and obligations with respect to the engagement of the Consultant;

**NOW, THEREFORE**, in consideration of the promises and mutual agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each of the Parties, the Parties covenant and agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Relationship</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Consultant acknowledges and agrees that neither he nor any other of his other employees, shareholders, principals, or agents are to be treated as, or deemed to be, an employee of the Company for any purpose, including, but not limited to, for the purposes of applicable employment standards legislation ("ESL"), workers' compensation legislation, human rights legislation and/or any of the regulations made pursuant thereto, or otherwise at law or in equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Services</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Consultant agrees to provide Commercialization services (the "<u>Services</u>"), and agrees to the following deliverables, as may be requested by the Company from time to time in writing. At the beginning of each calendar month during the Consultation Period, Consultant shall meet with the Company to discuss anticipated deliverables for the coming month:

Deliverables:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Delivery of a test plan and system integration testing of
FLIP system software for a pivotal clinical study release. In addition, Consultant will provide documentation support to the leads of
clinical and regulatory affairs, and research and development as required for successful commencement of a pivotal clinical trial, commonly
referred to as GEN 2A;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Delivery of documentation and testing that fulfills Cyber-security requirements for a De Novo request marketing pathway classification
for a ENDRA's novel FLIP system;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Delivery of a test plan and system integration testing of FLIP system software for a De Novo request application. In addition, the
Consultant will provide documentation support to the leads of clinical and regulatory affairs, and research and development as required
for a De Novo request application, commonly referred to as GEN 2B;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Informatics, and intellectual property support to ensure an orderly transition of responsibility to ENDRA team members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Support of roadmap and integration, including product development, for potential partnerships and
 M&A activity other ad-hoc BD related activities at the Company's
request, up to a maximum commitment of 20 (twenty) hours per week.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Consultant agrees to provide the Company with weekly progress
reports in a format to be mutually agreed upon.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Consultant agrees that he will not delegate the performance of the Services to anyone else without the prior written consent of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Consultant represents and warrants to the Company that he has the necessary knowledge, skills and experience to provide the Services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Parties acknowledge that while the Company shall determine the scope of the Services to be performed by the Consultant as set out above, the Consultant shall determine the manner and means for the provision of the Services. Subject to the understanding that the Consultant will perform the Services in an orderly, competent and skillful manner and in a manner that will promote and not harm the Company's interests, and except as provided in this Agreement, the Consultant has the right to control and direct the performance of the Services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Consultant will be required to make his own arrangements at his own expense with respect to computers, phones and other office equipment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>No Authority to Bind the Company</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Consultant has no authority to enter into contracts or agreements on behalf of the Company. This Agreement does not create a partnership between the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Non-Exclusivity</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company acknowledges and agrees that this is a non-exclusive engagement and that the Consultant is at liberty to provide similar services to any other person, firm, corporation, organization, partnership or other entity, provided that the provision of said services does not interfere with, conflict with, or derogate from the fulfillment of the Consultant's obligations to the Company under this Agreement, and provided the Consultant does not provide said services to any Company measuring liver fat during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Term</u>. This Agreement shall commence on the Effective Date and shall continue in force indefinitely until it is terminated in accordance with the provisions set out herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Compensation</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** The Consultant shall be compensated based on the following fee rates per hour that the Consultant spends providing Services hereunder documented in a manner reasonably satisfactory to the Company: (i) US $150 per hour for the first five (5) hours of Services per calendar week and (ii) US $100 per hour for any hours in excess of five (5) hours per calendar week. **Travel time is excluded.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The expectation of the Company and Consultant is that Consultant will typically spend approximately ten (10) hours per week providing the Services. Any effort beyond 20 hours per week would need to be approved in advance by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company shall reimburse the Consultant for all reasonable and necessary expenses incurred or paid by the Consultant in connection with, or related to**,** the performance of consulting services hereunder (with the prior written approval of the Company). Any expense, individually or in the aggregate, over US $500 must be approved in advance by Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Consultant shall invoice the Company for the provision of the Services on a monthly basis, or as otherwise agreed to between the Parties, and the Company shall pay all invoiced amounts to the Consultant within fourteen (14) days of receipt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Taxes and Other Statutory Deductions</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Income taxes, including federal or provincial taxes, employment insurance premiums, Canada Pension Plan premiums, workers' compensation premiums, and all other statutory amounts shall not be withheld, remitted or paid by the Company on behalf of the Consultant or any of the Consultant's personnel. The Consultant shall be responsible for paying all taxes, remittances, deductions and premiums mandated by law in connection with the performance of the Services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>No Benefits</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Since the Consultant is not an employee of the Company, the Consultant and the Consultant's employees, shareholders, principals or agents are not eligible for, and shall not participate in, any employee benefit of the Company, including but not limited to vacation, pension, group insurance, health and all other benefits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Termination</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Notwithstanding anything in this Agreement to the contrary, this Agreement shall terminate as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. This Agreement shall terminate immediately upon the insolvency
or bankruptcy of the Company or the Consultant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Upon the death of the Consultant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. The Company may immediately terminate this Agreement in the event the Consultant is in material breach of this Agreement. A material
breach of this Agreement will include, but will not be limited to, acts of theft or fraud against the Company, unsatisfactory performance
of the Services or a breach of the obligations set out herein including, without limitation, the obligation respecting confidentiality
and inventions. The Company will also be entitled to terminate this Agreement without notice if the Consultant neglects to provide or
fails to remedy any default in providing the Services within five (5) days after receipt of notice by the Company of such neglect or failure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. The Company may terminate this Agreement without cause by providing the Consultant with fifteen (15) days' advance written notice.
Alternatively, the Company may terminate this Agreement immediately or at any time within the fifteen (15) day notice period required
pursuant to this Section by providing the Consultant with a lump sum payment equal to the fees that would have been payable to the Consultant
pursuant to Section 6 above during the balance of the fifteen (15) day notice period referred to herein. For absolute clarity, in no event
will the Company be required to provide the Consultant with more than any combination of fifteen (15) days' notice and pay in lieu
of notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. The Consultant may terminate this Agreement and its relationship with the Company at any time and for any reason by providing the
Company with at least fifteen (15) days' advance written notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In the event the relationship between the Company and the Consultant is found to be either an employment or a dependent contractor relationship, and if it is determined that the Company did not have cause to terminate this Agreement, then the Parties acknowledge and agree that the Company shall provide the Consultant with the greater of (i) and (ii) below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. (a) notice of termination, pay in lieu of notice or any combination
of notice and pay in lieu of notice, as required by and in accordance with ESL; (b) any continuation of benefits required under ESL for
the minimum period prescribed by ESL; (c) any severance pay required by ESL; (d) any vacation pay required under ESL for the duration
of the minimum period prescribed by ESL; and (e) any other minimum entitlements required by ESL;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. fifteen (15) days' notice, pay in lieu of notice, or any combination of notice and pay in lieu of
notice. In this case, the Company will also provide the Consultant with (a) any continuation of benefits required under ESL for the minimum
period prescribed by ESL; (b) any vacation pay required under ESL for the minimum period prescribed by ESL; and (c) any other minimum
entitlements required by ESL.

For absolute clarity, in no event will the Consultant receive less notice, pay in lieu of notice, benefit coverage, vacation pay and severance pay (if applicable) than he is minimally entitled to under ESL.

This shall constitute the Consultant's entire entitlement to notice of termination or pay in lieu of notice, continued benefit coverage, vacation pay and severance pay (if applicable) under ESL, pursuant to contract or at common law. The Consultant hereby acknowledges and agrees that no further notice or payment of any kind whatsoever will be required. For absolute clarity, the Parties acknowledge and agree that the intention of this provision is to rebut the common law presumption of reasonable notice and to limit the Consultant's entitlements in the event of a without cause termination to the minimum requirements prescribed by ESL in the event the Consultant is found to be an employee or a dependent contractor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Confidentiality</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Consultant acknowledges that his relationship with the Company is one of high trust and confidence and that in the course of his service to the Company he will have access to and contact with confidential and proprietary information of the Company and its affiliates ("<u>Proprietary Information</u>"). Consultant agrees that he will not, during the term of this Agreement or at any time thereafter, disclose to others, or use for his benefit or the benefit of others, any Proprietary Information or Inventions (as defined below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Consultant understands that the Company is a publicly traded company and that federal securities laws prohibit trading in the Company's stock while in possession in material nonpublic information about the Company or providing information to others that may trade in the Company's stock. Additionally, Consultant acknowledges that he is subject to the Company's Insider Trading Policy for trades above $200.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Consultant represents that his retention with the Company, and his performance under this Agreement does not, and will not, breach any agreement to which the Consultant is a party or any policy by which the Consultant is bound. Consultant shall not disclose to the Company any trade secrets or confidential or proprietary information of any other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Consultant agrees that any breach of the terms of this Section would result in irreparable injury and damage to the Company for which the Company would have no adequate remedy at law; Consultant therefore also agrees that in the event of said breach or any threat of breach, the Company will be entitled to an immediate injunction and restraining order to prevent such breach and/or threatened breach and/or continued breach by Consultant and/or any and all entities acting for and/or with Consultant, without having to prove damages, in addition to any other remedies to which the Company may be entitled at law or in equity. The terms of this paragraph will not prevent the Company from pursuing any other available remedies for any breach or threatened breach hereof, including but not limited to the recovery of damages from Consultant. Consultant acknowledges that the Company would not have entered into this Agreement had Consultant not agreed to the provisions of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.  **<u>Inventions</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All results and proceeds of the Services, including all writings, processes, techniques, methods, ideas, concepts, research, proposals, material inventions, discoveries, data, technology, designs, innovations, improvements and other work product of any nature whatsoever (whether or not patentable and whether or not copyrightable) related to the business of the Company, which are made, conceived, written, designed or developed by the Consultant in the course of the performance of Services hereunder, solely or jointly with others, and whether during normal business hours or otherwise ("<u>Inventions</u>"), shall be the sole property of the Company. Consultant agrees to assign and hereby assigns to the Company all Inventions and any and all related patents, copyrights, trademarks, trade names, and other industrial and intellectual property rights and applications therefor, in Canada, the United States and elsewhere, and appoints any officer of the Company as his duly authorized attorney to execute, file, prosecute and protect the same before any government agency, court or authority. Consultant hereby waives all claims to moral rights in all Inventions. Upon the request of the Company and at the Company's expense, the Consultant shall execute such further assignments, documents and other instruments as may be necessary or desirable to fully and completely assign all Inventions to the Company and to assist the Company in applying for, obtaining and enforcing patents or copyrights or other rights in the United States and in any foreign country with respect to any Invention.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Consultant shall promptly disclose to the Company all Inventions and will maintain adequate and current written records (in the form of notes, sketches, drawings or in such form as may be specified by the Company) to document the conception and/or first actual reduction to practice of any Invention. Such written records shall be available to and remain the sole property of the Company at all times.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Consultant acknowledges that all Inventions constitute Proprietary Information of the Company and is subject to the restrictions on disclosure, publication and use set forth in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>Equity.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All outstanding Options and Restricted Stock Units (each term as defined in the Company's 2016 Omnibus Incentive Plan (the "Plan")) or other grants of equity-based compensation under the Plan shall remain outstanding and continue to vest in accordance with their terms for so long as Consultant is providing services under this Agreement. Upon the termination of the Agreement for any reason, all unvested Options and Restricted Stock Units or other grants of equity-based compensation under the Plans shall immediately terminate and be forfeited and Consultant shall have no further rights with respect thereto. Consultant acknowledges that any and all vested Options shall expire within the time period set forth in the Plan and related award agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. <u>Indemnification</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Consultant shall be responsible for payment of all levies, assessments, and payments required to be made in respect of its business, and in particular, the performance of the Services, and/or in the event that the CRA takes the position that the Consultant was misclassified as an independent contractor and that deductions at source ought to have been made, including, without limitation, all income taxes, GST/HST and other taxes, and all payroll deductions, including Canada Pension Plan, Employment Insurance and workers compensation assessments, and the Consultant shall indemnify and save the Company harmless in respect of all costs, expenses, charges and liabilities of such or any other kind which may be levied or assessed against the Company in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Consultant further agrees to indemnify, defend and hold harmless the Company, and its officers, directors, employees, servants and agents, from and against all claims, demands, losses, liabilities, actions, lawsuits and other proceedings, judgments and awards, and any costs and expenses thereof (including legal fees), arising out of (i) negligence, or (ii) any willful misconduct of the Consultant, the Consultant's employees, shareholders, principals or agents, or any persons for whom the Consultant is at law responsible, in connection with the Services or this Agreement. The provisions of this article shall survive termination of the relationship herein and/or the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. <u>Right of Set Off</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If the Consultant becomes obligated or liable to pay any sum of money to the Company, whether pursuant to this Agreement or otherwise, then that sum may, at the election of the Company and without limiting or waiving any right or remedy available to the Company, be set-off against and shall apply to any sum of money owed by the Company to the Consultant, whether by way of holdback or otherwise, until such amount has been set-off in full.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. <u>Miscellaneous</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All demands, notices, requests, consents and other communications required or permitted under this Agreement shall be in writing and shall be personally delivered or sent by email, reputable commercial overnight delivery service (including Federal Express and U.S. Postal Service overnight delivery service) or, deposited with the U.S. Postal Service mailed first class, registered or certified mail, postage prepaid, as set forth below:

If to the Consultant:

Name: Michael Thornton

Address: \*\*\*\*

Email: \*\*\*\*

If to the Company:

Endra Life Sciences Inc.

Attn: Alex Tokman

3600 Green Court, Suite 350 Ann Arbor, MI 48105

Email: atokman@endrainc.com

Notices shall be deemed given upon the earlier to occur of (i) receipt by the party to whom such notice is directed; (ii) if sent by email, on the day (other than a Saturday, Sunday or legal holiday in the jurisdiction to which such notice is directed) such notice is sent if sent prior to 5:00 p.m. Eastern Time and, if sent after 5:00 p.m. Eastern Time, on the day (other than a Saturday, Sunday or legal holiday in the jurisdiction to which such notice is directed) after which such notice is sent; (iii) on the first business day (other than a Saturday, Sunday or legal holiday in the jurisdiction to which such notice is directed) following the day the same is deposited with the commercial courier if sent by commercial overnight delivery service; or (iv) the fifth day (other than a Saturday, Sunday or legal holiday in the jurisdiction to which such notice is directed) following deposit thereof with the U.S. Postal Service as aforesaid. Each party, by notice duly given in accordance therewith, may specify a different address for the giving of any notice hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) This Agreement: (i) may be executed in any number of counterparts, each of which, when executed by both parties to this Agreement shall be deemed to be an original, and all of which counterparts together shall constitute one and the same instrument; (ii) shall be governed by and construed under the laws of the province of Ontario and the laws of Canada applicable therein; (iii) may be amended, modified, or terminated, and any right under this Agreement may be waived in whole or in part, only by a writing executed by both the Company and the Consultant; (iv) may not be assigned in any way by the Company or the Consultant except with the prior written approval of the other party; (v) contains headings only for convenience, which headings do not form part, and shall not be used in construction, of this Agreement; (vi) shall bind and inure to the benefit of the parties and their respective legal representatives, successors and permitted assigns; and (vii) is not intended to inure to the benefit of any third-party beneficiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) All amendments of this Agreement shall be made in writing, signed by the Parties, and no oral amendment shall be binding on the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Parties agree that in the event that any provision, clause or paragraph herein, or part thereof shall be deemed void, invalid or unenforceable by a Court of competent jurisdiction, the remaining provisions, clauses or articles, or parts thereof shall be and remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Consultant acknowledges and agrees that the agreements and restrictions contained in Sections 10 and 11 are necessary for the protection of the business and goodwill of the Company and are reasonable for such purpose. Consultant acknowledges and agrees that any breach of the provisions of Sections 10 or 11 may cause the Company substantial and irreparable damage for which the Company cannot be adequately compensated by monetary damages alone, and, therefore, in the event of any such breach, in addition to such other remedies which may be available, the Company shall have the right to seek specific performance and injunctive relief without the necessity of proving actual damages.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Waiver of any provision of this Agreement, in whole or in part, in any one instance shall not constitute a waiver of any other provision in the same instance, nor any waiver of the same provision in another instance, but each provision shall continue in full force and effect with respect to any other then-existing or subsequent breach.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) This Agreement constitutes the entire agreement of the parties with respect to its subject matter, superseding all prior oral and written communications, proposals, negotiations, representations, understandings, courses of dealing, agreements, contracts, and the like between the parties in such respect and supersedes any prior consulting agreement between the parties.

IN WITNESS WHEREOF**,** the parties hereto have executed this Agreement as of the day and year set forth above.

---

| |
|:---|
| ENDRA LIFE SCIENCES INC |
| /s/ Alexander Tokman |
| Alexander Tokman |
| Chief Executive Officer |
| CONSULTANT |
| /s/ Michael Thornton |
| Michael Thornton |

---

## Exhibit 10.2

**Exhibit 10.2**

**ADVISORY SERVICES AGREEMENT**

This Advisory Services Agreement ("***Agreement***") is effective as of the date set forth immediately above the parties' signatures below (the "***Effective Date***") and is entered into by and between Impact Solve LLC, a Washington limited liability corporation dba Impact Solutions (the "***Advisor***"), and the client identified immediately beneath its signature below (the "***Client***"), with reference to the following facts:

A. Advisor, through its qualified personnel, provides certain business consulting, accounting and other advisory services (the "***Services***") to businesses.

B. Client is engaged in business operations and desires to retain Advisor's Services on the terms and conditions specified in this Agreement and each work order that the parties may subsequently enter.

NOW, THEREFORE, the parties agree as follows:

**1. *Work Orders***. Client may order, and Advisor may accept, work projects from time to time whose description, deliverables, timing, fee, and payment schedule shall be described in a Work Order signed by both Client and Advisor and appended to this Agreement as part of its Exhibits. In the event of a conflict between any term in this Agreement and any provision in a Work Order, the provision specified in the Work Order shall prevail.

**2. *Fees and Expenses***. The fees for the Services (the "***Fees***") will be set forth in each applicable Work Order. Client will reimburse Advisor for the following expenses (the "***Expenses***"): (i) reasonable travel incurred in performing the Services, provided that such travel expenses are approved in writing by Client in advance, and (ii) any additional expenses that the parties may agree to in writing in advance ("Additional Expenses").

**3. *Invoicing and Acceptance***. Advisor will invoice Client for the Fees and Expenses in accordance with the payment schedule set forth in each applicable Work Order. Unless otherwise specified in an applicable Work Order, Client will have five (5) business days from Advisor's delivery of any invoice in which to accept or reject, in writing, any Services covered by such invoice. Services covered by an invoice shall be deemed accepted unless rejected within that time. If the Services are not accepted by Client, Advisor will correct and re-perform or re-deliver the Services within ten (10) days of receiving written receipt of such rejection specifying in reasonable detail the reasons why such Services were rejected.

**4. *Payment***. Client will pay all undisputed amounts set forth in an Advisor invoice within ten (10) days after Client's acceptance of the Services covered by such invoice. Late payments shall accrue interest at the rate of 1% per month until paid. The payment and reimbursement obligations are exclusive of any sales, use, excise, value add, or other taxes that may be asserted on such payments by any federal, state, provincial, or local taxing authority, which taxes will be paid by Client. If Client fails to make any payment when due, Advisor may (a) terminate this Agreement, (b) declare immediately due and payable all of Client's obligations, (c) change credit terms with respect to any further work, and (d) suspend or discontinue any further work until Client pays all overdue amounts. Client shall reimburse Advisor for all costs incurred in collecting any sums owed by Client to Advisor, including, without limitation, reasonable attorneys' fees.

**6. *Non-Solicitation***

During the period beginning immediately and ending on the second anniversary of the termination or expiration of this Agreement in accordance with its terms, Client agrees that it will not, and will ensure that its affiliates do not, directly or indirectly, solicit or attempt to solicit or accept for employment any persons employed or contracted by Impact Solve during such period. A violation of this provision may be remedied by injunction and an action for damages.

**7. *Term***. The term of this Agreement commences as of the Effective Date and will continue in effect until the earlier to occur of (i) either party giving the other no fewer than thirty (30) days prior written notice, except in case of a material breach, in which case the non-breaching party may terminate the agreement immediately upon giving written notice, or (ii) the termination or expiration of the last effective Work Order. If the Parties execute any Work Order at a date following the termination or expiration of this Agreement, this Agreement will then continue to govern such Work Order. Termination will not affect the ownership of and rights in the intellectual property or Client's obligation to pay Advisor for satisfactory Services completed up to the date of termination.

**8. *Independent Contractor*.** Advisor's relationship with the Client is that of an independent contractor, and nothing in this Agreement is intended to, or should be construed to, create a partnership, agency, joint venture, or employment relationship. Advisor is solely responsible for, and will file, on a timely basis, all tax returns and payments required to be filed with, or made to, any federal, state or local tax authority with respect to the performance of services and receipt of compensation under this Agreement.

**9. *Representations and Warranties***. Advisor represents and warrants that: (i) the Services will be performed in a good and workmanlike manner and in accordance with standards in the industry; (ii) the Services consist of Advisor's original work or are derived from pre-existing works that Advisor owns and has a right to deliver to Client under this Agreement; and (iii) neither the Services nor any Work will violate or infringe any common law or statutory right of any third party including, without limitation, any contractual rights, proprietary rights, trademark, service mark, trade secret, copyright, patent rights or any rights of privacy or publicity. Apart from the foregoing representations.

**10. *Disclaimer***. TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE WARRANTIES SET FORTH IN SECTION 9 ARE EXCLUSIVE AND IN LIEU OF ALL OTHER WARRANTIES, GUARANTEES OR CONDITIONS, WHETHER EXPRESS OR IMPLIED, STATUTORY OR OTHERWISE, INCLUDING, WITHOUT LIMITATION, ANY WARRANTIES OR CONDITIONS OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, COMPLIANCE WITH ANY DESCRIPTION, NON- INFRINGEMENT OF THIRD PARTY RIGHTS, OR ANY ORAL OR WRITTEN REPRESENTATIONS, PROPOSALS OR STATEMENTS MADE ON OR PRIOR TO THE EFFECTIVE DATE OF THIS AGREEMENT, AND EACH PARTY EXPRESSLY DISCLAIMS ALL OTHER WARRANTIES, GUARANTEES OR CONDITIONS. EXCEPT AS OTHERWISE STATED IN THIS AGREEMENT, ADVISOR MAKES NO REPRESENTATION, WARRANTY, CONDITION OR GUARANTEE AS TO THE RELIABILITY, TIMELINESS, QUALITY, SUITABILITY, AVAILABILITY, ACCURACY OR COMPLETENESS OF ANY ADVICE PROVIDED TO CLIENT OR CLIENT'S MANNER OR METHODS OF IMPLEMENTING SUCH ADVICE.

**11. *Indemnification***. Client will indemnify, defend, and hold harmless Advisor from and against any and all losses, liabilities, claims, costs, damages, and expenses (including, without limitation, reasonable attorneys' fees, disbursements and administrative or court costs) (collectively, "**Losses**") paid or incurred in connection with claims by any third party resulting from (i) any breach or alleged breach by Client of its obligations under this Agreement, (ii) personal injury or property damage caused by the fault or negligence of Client, (iii) Client's failure to comply with applicable laws and/or regulations governing the Services provided under this agreement, or (iv) gross negligence on the part of Client and/or its employees. Advisor agrees to indemnify, defend and hold harmless Client, and all of its present and former officers, shareholders, directors, employees, agents, successors, and assignees, from and against any and all Losses paid or incurred in connection with claims by any third party that result from (i) any breach or alleged breach by Advisor of its obligations, representations, and warranties under this Agreement, (ii) personal injury or property damage caused by the fault or negligence of Advisor, (iii) Advisor's failure to comply with applicable laws and/or regulations governing the Services provided under this agreement, or (iv) gross negligence on the part of Advisor and/or its employees.

**12. *Confidentiality***. The Parties acknowledge that any oral or written information exchanged between the Parties in connection with the preparation and performance this Agreement are regarded as Confidential Information. The term "Confidential Information" means any confidential and/or proprietary knowledge, data or information, whether or not documented or memorialized, whether or not marked "confidential" or "proprietary," whether in written or verbal form, relating to the Company or any of its affiliates, or their actual, proposed and previous business, activities, products, services, personnel, customers, and research and development, including by way of illustration but not limitation, all: (a) trade secrets, inventions, designs, ideas, design processes, formulas, source and object codes, software, hardware, technologies, data, programs, other works of authorship, designs and techniques, and the physical embodiments thereof, including works-in-progress, and information regarding research, development, new products; (b) pricing plans, marketing and selling, business plans, budgets and unpublished financial statements, licenses, prices and costs, suppliers lists, and customers lists; and (c) non-public information relating to the Company's employees, contractors, subcontractors, sales agents, sales representatives, vendors and suppliers, and other non-public information regarding the Company's employees, vendors and suppliers. Each Party shall maintain confidentiality of all such Confidential Information, and without obtaining the written consent of the other Party, it shall not disclose any relevant Confidential Information to any third parties, unless: (1) authorized to do so in writing by the Company's Board of Directors, (2) required by law or court order, or (3) such information has become publicly available other than by reason of a breach by Executive of this Agreement or by reason of a breach by a third-party bound by an obligation of confidentiality to the Company with respect to such Confidential Information.. Upon the termination of this Agreement, Advisor shall return to the Company all originals, copies, summaries of documents, correspondence, notes and memoranda, whether in written, electronic or other form, and other tangible manifestations of Confidential Information in Advisor's possession or control. This Section shall survive the termination of this Agreement for any reason.

In the course of the performance of Advisor's Services it is expected that Advisor will receive information that is considered material inside information within the meaning and intent of the U.S. federal securities laws, rules and regulations. Advisor will not disclose this information directly or indirectly to any third party, nor will Advisor buy, sell or otherwise deal in the securities of Client in violation of applicable law. Advisor acknowledges that it is subject to the Client's Insider Trading Policy.

**13. *Limitation of Liability***. EXCEPT FOR THE PARTIES' INDEMNIFICATION OBLIGATIONS UNDER SECTION 11 OF THIS AGREEMENT AND THEIR CONFIDENTIALITY OBLIGATIONS UNDER SECTION 12 OF THIS AGREEMENT, IN NO EVENT WILL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR ANY INDIRECT, SPECIAL, CONSEQUENTIAL, PUNITIVE OR INCIDENTAL DAMAGES, WHETHER BASED ON BREACH OF CONTRACT, TORT (INCLUDING NEGLIGENCE), OR ANY OTHER LEGAL THEORY, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR ANY DAMAGES HEREUNDER THAT EXCEED THE AMOUNTS ACTUALLY RECEIVED BY ADVISOR FROM CLIENT IN THE 12 MONTHS PRIOR TO THE DATE OF THE ACTION GIVING RISE TO THE CLAIM.

**14. *Notices*.** Any notice required by the terms of this Agreement shall be given in writing and (i) emailed, (ii) hand delivered, or (iii) deposited in the United States mail, and will be deemed effective at the earliest to occur of the following: (a) if emailed, upon receiving a reply email from the recipient explicitly confirming receipt; (b) if hand delivered, immediately upon actual receipt; (c) if sent by registered or certified mail, return receipt requested, on the date shown on the return receipt; or (d) if mailed with first-class postage prepaid and correctly addressed, five (5) days after deposit in the United States mail. Each party shall specify beneath its signature below an email and postal address for receiving notices. A party may, at any time in the future, change its designated email or postal address, with such change to take effect upon properly giving notice of the change to all the other parties in any manner set forth above.

**15. *Choice of Law and Venue***. This Agreement and the obligations of the parties hereunder shall be interpreted, construed, and enforced in accordance with the laws of the State of Delaware applicable to contracts made and to be performed in Delaware, without regard to conflict of laws principles. Each party consents to the jurisdiction and venue of the federal and state courts located in Ann Arbor, Michigan, with respect to any controversy or claims arising under or related to this Agreement.

**16. *Dispute Resolution.*** This Agreement shall be governed in all respects by the law of Delaware, without regard to its conflicts of laws rules, whether one or more of the parties shall now be or hereafter become a resident of another state or country. Any dispute or controversy between Advisor and Client (or any assignee or other successor-in-interest of Client) in any way arising out of, related to, or connected with this Agreement or the subject matter thereof, or otherwise in any way arising out of, related to, or connected with Advisor's work with or for Client or the termination thereof, shall be resolved through final and binding arbitration in Ann Arbor, Michigan. In the event of such arbitration, each party shall be responsible for paying its own costs and expenses incurred in connection therewith, including, but not limited to, attorneys' fees. The parties shall share equally the costs of the arbitration, including, but not limited to, the arbitrator's fees and any and all other administrative costs of the arbitration. The parties each agree to submit to any federal or state court of appropriate jurisdiction located in Ann Arbor, Michigan, for purposes of compelling arbitration pursuant to this paragraph, or to enforce any interim or final award entered into by the arbitrator. The arbitrator shall have no power to add to, subtract from, or modify in any way, the terms of this Agreement.

**17. *Successors and Assigns***. Advisor may not assign the services to be performed under this Agreement and any rights or obligations hereunder without the express written consent of the Client. The provisions of this Agreement shall inure to the benefit of, and be binding upon, the Client and its successors and assigns.

**18. *Severability***. The invalidity or unenforceability of any particular provision of this Agreement shall not affect the other provisions hereof, and this Agreement shall be construed in all respects as if such invalid or unenforceability provision were omitted.

**19. *Entire Agreement*.** This Agreement constitutes the entire agreement between the parties hereto with regard to the subject matter hereof and supersedes any other agreements, representations or understandings (whether oral or written and whether express or implied) which relate to the subject matter hereof. This Agreement may be amended only upon the written consent of Client and Advisor.

DATED 28 November 2025

**ADVISOR:** Impact Solve LLC

---

| | |
|:---|:---|
| BY: | /s/ Richard Jacroux |
| NAME: | Richard Jacroux |
| TITLE: | Principal |

---

Address for Notices: Impact Solve LLC<br> 7130 Tolt Highlands Rd NE, Carnation WA 98014<br> Email: richard@impactsolve.com

**CLIENT:** Endra Life Sciences, Inc.

---

| | |
|:---|:---|
| BY: | /s/ Alexander Tokman |
| NAME: | Alexander Tokman |
| TITLE: | Acting CEO |

---

Address for Notices:

Email: atokman@endrainc.com

**EXHIBIT A** - **WORK ORDER NO. 1** 

This Work Order No. 1 (this "***Work Order***") is effective as of the date set forth immediately above the parties' signatures below and is entered into by and between Impact Solve LLC, a Washington limited liability corporation dba Impact Solutions (the "***Advisor***"), and the undersigned Client ("***Client***") in reference to, and as part of, that certain Advisory Services Agreement by and between Client and Advisor to which this Work Order is attached (the "***Agreement***"). Terms capitalized in this Work Order but not separately defined shall have the meanings given them in the Agreement.

Client hereby orders, and Advisor hereby accepts, the following project under the terms and conditions of the Agreement, except as expressly modified below:

**Name of Project**: Chief Financial Officer

**General Description of Advisory Services:** Act as Principal Financial Officer and Principal

Accounting Officer reporting to the Chief Executive Officer (CEO) and Board of Directors.

**Fee:** Base fee for 2025 of $8,650 per month representing nearly a 28% discount off standard fees. All hours beyond 16 hours a week – for special projects at the direction of the CEO – to be charged at $124.70 which also represents a 28% discount off standard fees. Beginning in January, 2026, all discounts are reduced to 10% off standard fees, which Advisor agrees not to increase through 2026. Additional Expenses will be billed each month.

The discounts described above shall remain in effect as long as Mr. Alexander Tokman is Acting CEO or CEO. Any month (or fraction thereof) after Mr Tokman resigns or is terminated for any reason, Advisor's rates will be charged at standard fees.

Monthly fees will be billed at the beginning of each month. Any additional hours will be billed at the end of the month.

DATED: 28 November 2025

**ADVISOR**: Impact Solve LLC

---

| | |
|:---|:---|
| BY: | /s/ Richard Jacroux |
| NAME: | Richard Jacroux |
| TITLE: | Principal |

---

**CLIENT:** Endra Life Sciences, Inc.

---

| | |
|:---|:---|
| BY: | /s/ Alexander Tokman |
| NAME: | Alexander Tokman |
| TITLE: | Acting CEO |

---