Document:

Exhibit 10.14

 

NON-DISCLOSURE, NON-SOLICITATION
AND NON-COMPETITION AGREEMENT

 

THIS AGREEMENT is made as of this
1st day of April, 2013

 

BETWEEN:

 

CYNAPSUS THERAPEUTICS INC.

(together with its present and future
parent company, affiliates and subsidiaries)

(hereinafter called the "Corporation")

 

- and -

 

ALBERT AGRO

(hereinafter called the "Employee").

 

WHEREAS the Corporation is in the
business of researching and developing novel pharmaceutical products;

 

AND WHEREAS it would be to the detriment
of the Corporation if the Employee were to become associated with a competitor of the Corporation, to solicit or accept remuneration
from clients of the Corporation, solicit or hire employees of the Corporation or to disclose confidential information of the Corporation;

 

NOW THEREFORE THIS AGREEMENT WITNESSETH
THAT in consideration of the mutual covenants and agreements contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

 

1.                           Confidential
Information

 

(a)          Confidential
Information is a Valuable Company Asset. The Corporation’s Confidential Information (defined below) is a valuable, special
and unique asset of the Corporation’s business, access to and knowledge of which are essential to the performance of Employee’s
duties as a team member at the Corporation. It is vital to the Corporation’s legitimate business interests that the confidentiality
of all Confidential Information be preserved. Use or reliance on the Confidential Information by or on behalf of any other business
or commercial activity in competition with the Corporation could result in irreparable harm to the Corporation.

 

(b)          Corporation
Information. The Employee agrees to hold in strict confidence, and not to use, except for the benefit of the Corporation, or
to disclose to any person, firm or corporation without written authorization of the Board of Directors of the Corporation, any
Confidential Information of the Corporation, and such agreement with respect to Confidential Information shall remain in effect
at all times during the term of his or her employment and at any time thereafter.

 

     

     

    

 

(c)          "Confidential
Information" Defined. Employee understands that "Confidential Information" means any and all information and
knowledge regarding the business of the Corporation which the Employee assimilates or to which the Employee has access during his
or her employment with the Corporation including, but not limited to, information about the Corporation's proprietary methods,
methodologies and disciplines, technical data, trade secrets, know-how, research and development information, product plans, products,
services, clients and prospective clients as identified from time to time in the records of the Corporation, client information,
employees, books and records of the Corporation, corporate relationships, suppliers, markets, computer software, computer software
development, inventions, processes, formulas, technology, designs, business plans, and matters of a business nature such as information
regarding marketing, recruiting, costs, pricing, finances, financial models and projections or other similar business information.
Employee further understands that Confidential Information does not include any of the foregoing items which has become publicly
known and made generally available through no act of Employee. Employee further agrees that all Confidential Information shall
at all times remain the property of the Corporation.

 

(d)          Former
Employer Information. Employee represents and warrants that the execution of this Agreement and performance of the Employee’s
obligations hereunder will not conflict with, result in the breach of any provision of, or the termination of or constitute a default
under any agreement with any other person or entity of which the Employee is a party or by which the Employee is bound. Furthermore,
Employee agrees that he or she will not, during his or her employment with the Corporation, improperly use or disclose any proprietary
information or trade secrets of any former employer or other person or entity with which Employee has an agreement or duty to keep
in confidence and that Employee will not bring onto the premises of the Corporation any unpublished document or proprietary information
belonging to any such employer, person or entity unless consented to in writing by such employer, person or entity.

 

(e)          Third
Party Information. Employee recognizes that the Corporation has received and in the future will receive from third parties
their confidential or proprietary information subject to a duty on the Corporation’s part to maintain the confidentiality
of such information and to use it only for certain limited purposes. Employee agrees to hold all such confidential or proprietary
information in the strictest confidence and not to disclose it to any person, firm or corporation or to use it except as necessary
in carrying out his or her work for the Corporation.

 

(f)          Corporation
Property. Employee agrees that all documents, materials, software, or other media, or information of any kind concerning any
matters affecting or relating, directly or indirectly, to the Corporation’s business, products or services (collectively,
"Media"), whether or not they contain or embody Confidential Information, and all Confidential Information are the exclusive
property of the Corporation. Employee agrees to exercise care in accessing, storing and disposing of Media, particularly when it
includes Confidential Information. Immediately upon any termination of Employee’s employment or at any time upon the request
of the Corporation, Employee agrees to deliver to the Corporation all Media then in his or her possession or control. If the Media
cannot be reasonably delivered, the Employee agrees to provide reasonable evidence that the Media has been destroyed, including
but not limited to, purging or erasing any computer files or data records, provided, however that Employee will not destroy or
discard any Media without prior authorization from the Corporation.

 

    	 	- 2 -	 

     

    

 

(g)          Acknowledgement
of Fiduciary Duty. Employee acknowledges that he or she is a fiduciary of the Corporation and owes the Corporation a duty to
act in the best interests of the Corporation at all times during his or her employment and for a reasonable period of time following
the termination for any reason of his or her employment. Without limiting any provision, covenant or restriction in this Agreement,
the Employee acknowledges that he or she shall not use or assist in the use of any Confidential Information or Media for the Employee’s
personal benefit or the benefit of a third party.

 

2.                           Inventions

 

(a)          Inventions
Retained and Licensed. Employee has attached hereto as Schedule "A" a list describing all inventions, original works
of authorship, developments, improvements, and trade secrets, if any, which:

 

		(i)	were made by him or her prior to his or her employment
with the Corporation,

 

		(ii)	which belong to him or her, and

 

		(iii)	which relate to the Corporation’s current or anticipated
business, products or services (collectively referred to as "Prior Inventions").

 

The Prior Inventions are not being assigned
to the Corporation hereunder, If no such list is attached, Employee represents that there are no such Prior Inventions. If in the
course of his or her employment with the Corporation, Employee incorporates a Prior Invention owned by him or her or in which Employee
has an interest into a Corporation product, process, client deliverable or machine:

 

		(A)	the Corporation is hereby granted and shall have a non-exclusive,
royalty-free, irrevocable, perpetual, worldwide license to make, have made, modify, use, copy, sublicense and sell such Prior
Invention as part of or in connection with such product, process, client deliverable or machine, and

 

		(B)	Employee shall not have any right, title or interest in
or to such the Corporation product, process, client deliverable or machine.

 

(b)          Assignment
of Inventions. Employee agrees to promptly make full written disclosure to the Corporation and will hold in trust for the sole
right and benefit of the Corporation, and Employee hereby assigns to the Corporation, or its designee, all Employee’s right,
title and interest in and to any and all Inventions (defined below). Employee understands and agrees that "Inventions"
means any ideas, discoveries, know-how, innovations, writings, works of authorship, drawings, designs, inventions, trade secrets,
business plans, developments and improvements, whether or not patentable or registrable under copyright or similar laws, or reduced
to practice or writing, which Employee solely or jointly conceives or develops during the period Employee is employed by the Corporation
or reduces to practice either during employment by the Corporation or within one year thereafter, and which:

 

    	 	- 3 -	 

     

    

 

		(i)	relate to the Corporation’s current or anticipated
business, products or services; or

 

		(ii)	are based on any Confidential Information; or

 

		(iii)	are developed

 

		(A)	at or using the Corporation’s or a Corporation or
client project’s facilities,

 

		(B)	in conjunction with a Corporation project, or

 

		(C)	using the Corporation Media or computer or communications
systems.

 

(c)          Waiver
of Rights. The Employee waives all moral rights in the Inventions.

 

(d)          Maintenance
of Records. Employee agrees to keep and maintain adequate and current written records of all Inventions made by Employee (solely
or jointly with others) during the term of Employee’s employment with the Corporation. The records will be available to and
remain the sole property of the Corporation at all times.

 

(e)          Patent
and Copyright Registrations. Employee agrees to assist the Corporation, or its designee, at the Corporation’s expense,
in every proper way to secure the Corporation’s rights in the Inventions and any copyrights, patents or other intellectual
property rights relating thereto in any and all countries, including the disclosure to the Corporation of all pertinent information
and data with respect thereto and the execution of all applications, specifications, oaths, assignments and all other instruments
which the Corporation shall deem necessary in order to apply for and obtain such rights and in order to assign and convey to the
Corporation, its successors, assigns and nominees the sole and exclusive rights, title and interest in and to such Inventions,
and any copyrights, patents or other intellectual property rights relating thereto.

 

3.                           Solicitation
of Employees

 

Employee recognizes and agrees that the
Corporation employees must by the nature of their jobs have access to Confidential Information, that the Corporation invests in
its employees by making specialized training available to them and that the Corporation has a legitimate interest in protecting
its employee relationships and in maintaining a stable workforce. During the Employee’s employment with the Corporation and
for a period of two years following the termination of his or her employment with the Corporation, for any reason, Employee agrees
to refrain from and will not, directly or indirectly, as an independent contractor, employee, consultant, agent, partner, joint
venturer or otherwise solicit or attempt to solicit or assist another person in the solicitation of employees of the Corporation,
either for Employee’s own business or for any other person or entity.

 

    	 	- 4 -	 

     

    

 

4.                           Covenants
Against Solicitation of Clients.

 

Employee agrees that the Corporation has
a legitimate interest in protecting its client relationships. During the Employee’s employment with the Corporation and for
a period of one year following the termination of his or her employment with the Corporation, for any reason, Employee agrees to
refrain from and will not, directly or indirectly, accept business from, solicit, divert or take away, or attempt to accept business
from, solicit, divert or take away, the business or patronage of any of the clients of the Corporation which were contacted, solicited,
supervised or served by the Employee during his or her employment or with which Employee had contact during his or her employment.

 

5.                           Covenants
Against Employment with Clients or Competitors.

 

EMPLOYEE ACKNOWLEDGES AND UNDERSTANDS THAT
THIS SECTION MAY AFFECT HIS OR HER RIGHT TO ACCEPT EMPLOYMENT WITH OTHER COMPANIES SUBSEQUENT TO EMPLOYMENT BY CORPORATION. Employee
acknowledges and agrees that the Corporation operates its business in a highly competitive environment, that the Corporation employees
must by the nature of their jobs have access to Confidential Information and that the Corporation invests in its employees by making
specialized training available to them.

 

(a)          Clients.
As a material inducement for the Corporation to employ or to continue to employ the Employee, as the case may be, and in order
to protect the Corporation’s Confidential Information and goodwill, Employee agrees that during the time the Employee is
employed by the Corporation and for a period of one year after termination of Employee’s employment with the Corporation,
for any reason, Employee shall not, directly or indirectly, without the prior written consent of the Corporation, provide services
to, accept employment with or seek remuneration from any of the clients or customers of the Corporation or any entity controlled
by, controlling or under common control with, any client or customer of the Corporation. For purposes of this Section 5(a),
a client or customer of the Corporation shall be defined as any person, firm, partnership, corporation or other entity with
or to whom the Corporation, as of the date of Employee’s termination of employment or during the one year prior to the termination
of employment of Employee:

 

(i)          sold
goods or services,

 

(ii)         had
submitted a written proposal for a specific requirement, or

 

(iii)        had
work in progress.

 

    	 	- 5 -	 

     

    

 

(b)          Competitors.
As a material inducement for the Corporation to employ or to continue to employ the Employee, or as the case may be, and in order
to protect the Corporation’s Confidential Information and goodwill, Employee agrees that during the time the Employee is
employed by the Corporation and for a period of one year after termination of Employee’s employment with the Corporation,
for any reason, Employee shall not, directly or indirectly, without the prior written consent of the Corporation, assist with the
creation of any Competing Organization (as that term is defined below).

 

(c)          "Competing
Organization" Defined. For the purposes of this Section 5, a "Competing Organization" means any
person or organization which is engaged in or is about to become engaged in a business which is identical or substantially similar
to the Corporation’s business. As of the date of this Agreement, Competing Organizations include, but are not limited to
STADA Arzneimittel AG, Britannia Pharmaceuticals, US World Meds, Teva Pharmaceutical Industries, Civitas Therapeutics, Impax Pharmaceuticals,
Vectura Group, West Pharmaceutical Services, Nastech Pharmaceutical, Archimedes, Amarin, Penteck/Cobrek, Catalent Pharma and other
pharmaceutical companies with drug development programs to treat “off” motor symptoms of Parkinson’s disease.
Employee acknowledges and understands that the foregoing list of Competing Organizations may change from time to time and that
such list is not exhaustive,

 

(d)          Modification
of Restrictions in Sections 3, 4 or 5 by Court. Employee acknowledges that he or she has carefully read and considered all
the terms and conditions of this Agreement, including the restrictions imposed upon him or her pursuant to Sections 3, 4 or 5.
Employee agrees that the restrictions set forth in Sections 3, 4 and 5 are fair and reasonable and are reasonably required
for the protection of the interests of the Corporation. However, should a court nonetheless determine at a later date that such
restrictions are unreasonable in light of the circumstances as they then exist, then Employee agrees that Sections 3, 4 or 5
(or any combination of them) shall be construed in such a manner as to impose on Employee such restrictions as may then be
reasonable and sufficient to assure the Corporation of the intended benefits of the Section in question.

 

(e)          Possible
Extension of Time Period. The time period during which the Employee is prohibited from engaging in certain business practices
pursuant to Sections 3, 4 and 5 may by order of a court be extended by any length of time during which the Employee is in
breach of such covenants.

 

(f)          New
Terms in the event of Role Change. Employee agrees that if his or her role changes to that of a Vice President or any other
role which in the Corporation’s discretion requires the protection of a longer time period for the obligations contained
in Section 5(b), then in order for such role change to become effective, and in consideration of the Employee’s promotion
to such role and the increased exposure to the Corporation confidential information, business know-how and the Corporation clients
that is attendant upon such promotion, Employee will sign a new agreement with the Corporation or amendment to this Agreement pursuant
to which the obligations contained in Section 5(b) will apply for 12 months after termination of employment. The foregoing
shall not create any right to or expectation of any role change.

 

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6.                           General
Provisions

 

(a)          Governing
Law. This Agreement will be governed by the laws of the Province of Ontario.

 

(b)          Entire
Agreement: Approvals or Consents; Modifications. The Agreement sets forth the entire agreement and understanding between the
Corporation and Employee relating to the subject herein and supersedes all prior discussions and agreements with respect hereto.
Any subsequent change or changes in Employee’s duties, role, salary or compensation will not affect the validity or scope
of this Agreement. In any instance under this Agreement in which the authorization, consent or approval by the Corporation is required
or can be given, such authorization, consent or approval:

 

		(i)	may be given, withheld or conditioned in the Corporation’s
sole discretion, and

 

		(ii)	to be effective must be in writing and signed by the President
or a Director unless specifically provided otherwise in this Agreement.

 

No modification of or amendment to this
Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing signed by both parties.

 

(c)          Severability.
If one or more of the provisions in this Agreement are deemed void by law, then the remaining provisions will continue in full
force and effect.

 

(d)          Successors
and Assigns. This Agreement will be binding upon Employee’s heirs, executors, administrators and other legal representatives
and will be for the benefit of the Corporation, its successors and assigns.

 

(e)          Enforcement
in Accordance with Law. The parties agree that this Agreement will be enforced in accordance with applicable law.

 

(f)          Waiver
of Breach. The waiver by the Corporation of a breach of any of the provisions of this Agreement by the Employee shall not be
construed as a waiver by the Corporation of any subsequent breach by the Employee.

 

(g)          Equitable
Relief. The Employee acknowledges and agrees that a breach of any provision of this Agreement will cause irreparable damage
to the Corporation, and that such breach, the Corporation shall be entitled to equitable relief, including injunctive relief and
specific performance, without the necessity of providing actual damages, and shall be further entitled to an accounting of all
earnings, profits or other benefits acquired by the Employee as a result of such breach, and to any other remedy now or hereafter
provided at law for such breach.

 

(h)          Independent
Legal Advice. The Employee confirms that he or she has been afforded an opportunity to obtain independent legal advice regarding
the terms of this Agreement. Further, it is confirmed by Employee that he or she has entered this Agreement freely, voluntarily
and without duress.

 

    	 	- 7 -	 

     

    

 

	
        SIGNED,
        SEALED & DELIVERED

        in the presence of:
	 	
        )

        )

        )

        )
	
         

         

	/s/ Andrew Williams	 	)	/s/ Albert Agro
	Witness	 	)	Albert Agro

 

	 	CYNAPSUS THERAPEUTICS INC.
	 	 	 
	 	Per:	/s/ Anthony Giovinazzo
	 	 	Authorized Signing Officer

 

    	 	- 8 -Exhibit 10.15

 

CONSULTING AND ADVISORY AGREEMENT

 

This Agreement is made effective as of
July 1, 2015, by and between CYNAPSUS Therapeutics Inc., a Canadian corporation with offices at 828 Richmond Street West,
Toronto, Ontario, Canada M6J 1C9 (“CYNAPSUS”) and Hutchinson and Associates (“Consultant”) an Independent
Consultant located at 399 Pineville Road, Newtown, PA 18940.

 

WHEREAS CYNAPSUS agrees to hire
Consultant to provide a variety of consulting services related to Parkinson’s disease, the Consultant agrees to render such
services to CYNAPSUS, subject to the terms and conditions contained herein.

 

NOW THEREFORE, for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

		1.	Engagement for Services. CYNAPSUS hereby agrees to hire Consultant to perform, and Consultant
hereby agrees to perform, services as may be requested by CYNAPSUS from time to time (hereinafter “Consulting Services”)
during the Consulting Period (as hereinafter defined). All such Consulting Services shall be performed at times mutually agreed
to by CYNAPSUS and Consultant. Consulting services may include, but shall not be limited to, advice and work related to developing
a commercial strategy and high level commercial plan, including:

		·	Product Strategy and Lifecycle

		·	Agency Fees, Branding and Promotional Materials

		·	Peer to Peer Programs

		·	Payer Access

		·	Trade and Patient Services

		·	Sales Strategy, Launch Readiness and Conferences

		·	Data Warehousing, Integration and Reporting

 

		2.	Consulting Period. The Consulting Period shall commence on the date of this Agreement and
will continue for a period of six (6) months or the date this Agreement is terminated in accordance with Section 4 of this Agreement.
As used in this Agreement, the term “Consulting Period” means such period. This Agreement may be extended for one or
more additional periods of any duration by mutual written agreement.

 

		3.	Consideration. CYNAPSUS shall pay Consultant for Consulting Services rendered at a rate
equal to USD $250 per hour, unless otherwise agreed to in writing. This includes a face to face encounters, and regular interactions
via phone, mail, and email in support of the services set forth in this proposal. The fee does not include travel expenses for
meetings which will be paid by CYNAPSUS subject to prior approval. Billing will be provided monthly and is payable net 15 days.

 

		4.	Termination. 

 

Neither party may terminate
this Agreement during the Consulting Period save and except as follows:

 

		a)	Either Party shall have the right to terminate this Agreement if:

 

		i.	The other party breaches a term of this Agreement and such breach is not cured within 30 days after
the date of written notice;

 

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		ii.	The other party files an assignment in bankruptcy or a proposal under the Bankruptcy and Insolvency
Act (Canada) or if a petition in bankruptcy is filed or presented against the other party under the Bankruptcy and Insolvency Act
(Canada) or comparable legislation and such petition is not discharged within 90 days; or

 

		iii.	A receiver is appointed for all or substantially all of the assets or property of the other party
and such appointment is not contested and the receiver discharged within 30 days.

 

		b)	CYNAPSUS shall have the right to terminate this Agreement at any time if the Consultant is convicted
of theft, fraud, dishonesty or any other offence under any federal or provincial legislation which in the opinion of the directors
of CYNAPSUS, acting reasonably, will or is likely to bring CYNAPSUS or its products or business into dispute.

 

		c)	Upon termination of this Agreement, the Consultant shall be entitled to full payment for performance
of Consulting Services prior to the date of termination and reimbursement of expenses incurred by Consultant in accordance with
Section 3 prior to the date of such termination (if appropriate). In the event this Agreement is terminated for any reason during
the first six months, then CYNAPSUS shall pay to the Consultant the balance of any fee that would otherwise have been paid to the
Consultant during such period.

 

		d)	Upon expiry or the earlier termination of this Agreement, the Consultant shall immediately forward
to CYNAPSUS all materials, documents, data, information (including, but not limited to, Confidential Information (as this term
is defined below in Section 7) and Intellectual Property (as this term is defined in Section 6 below)) and any other tangible asset
provided to Consultant, or generated by Consultant, pursuant to the provision of the Consulting Services as contemplated by this
Agreement.

 

		5.	Independent Contractor Relationship. Consultant and CYNAPSUS agree that Consultant shall
be an independent contractor of CYNAPSUS. This Agreement will not create a partnership, joint venture or employment relationship
between CYNAPSUS and Consultant. Nothing contained in this Agreement shall constitute either party as the agent or legal representative
of the other for any purpose. No provision of this Agreement grants either party any express or implied right of authority to assume
or create any obligation or responsibility on behalf of, or in the name of the other party, or to bind the other party in any manner
or thing whatsoever. Consultant also acknowledges that he has received good and valuable consideration for executing this Agreement.

 

		6.	Intellectual Property Rights. Consultant recognizes that he may, solely or jointly with
others, discover, conceive, make, perfect or develop inventions (whether patentable or not), discoveries, computer software and
code, information, documentation, ideas, techniques, know how, data, technical or otherwise, copyrighted works or other materials
for and on behalf of CYNAPSUS pursuant to this Agreement (hereinafter "Intellectual Property"). Consultant agrees that
any and all Intellectual Property (and all rights therein) are the sole and exclusive property of CYNAPSUS and shall vest in CYNAPSUS
immediately on creation. To the extent that any such Intellectual Property (and rights therein) have not or do not automatically
vest in CYNAPSUS, Consultant hereby assigns and conveys all such Intellectual Property (and rights therein) to CYNAPSUS. Consultant
agrees that any Intellectual Property in the form of works of authorship developed by Consultant in the performance of the Consulting
Services shall be deemed works made for hire.

 

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Consultant agrees to waive and
hereby waives, unconditionally and irrevocably, any and all of Consultant's moral rights and rights of a similar nature which Consultant
now or in the future may have in respect of Intellectual Property in which copyright may subsist in each jurisdiction throughout
the world, to the extent that such rights may be waived in each respective jurisdiction. All works created, in whole or in part,
by Consultant may be maintained, changed, modified, and/or adapted by CYNAPSUS without the consent of the Consultant.

 

Nothing contained in this Agreement
shall be construed, by implication or otherwise, as (i) a grant of a license from CYNAPSUS to Consultant to use the Intellectual
Property other than for the purposes contemplated by this Agreement, or (ii) an obligation to enter into any further negotiation
or any other agreement relating to the Intellectual Property.

 

		7.	Confidentiality. Consultant agrees not, during or after the Consulting Period, either directly
or indirectly, in any manner whatsoever, to utilize on Consultant’s behalf or on behalf of any other person, or to divulge
to the public or any other person, any CYNAPSUS Confidential Information. “Confidential Information” shall mean any
and all trade secrets, confidential, private, or secret information of CYNAPSUS or any affiliate of CYNAPSUS regardless of form
and whether or not recorded. The term “Confidential Information” includes without limitation the following information
of or in the possession of CYNAPSUS or any affiliate of CYNAPSUS which shall come or shall have come to Consultant’s knowledge
during the course of providing Consulting Services to CYNAPSUS: (i) business, financial, scientific, technical or other information,
(ii) compilations of data or business, financial, scientific, technical or other information, (iii) business methods and practices
of CYNAPSUS or affiliates of CYNAPSUS, (iv) business, financial, scientific, technical or other information relating to actual
or prospective services, products, activities, know-how, research and development, or commercial relationships of CYNAPSUS or any
affiliate of CYNAPSUS, (v) business, financial, scientific, technical or other information, data and Computer Software of third
persons or parties to whom CYNAPSUS or any affiliate of CYNAPSUS owes a duty of confidence, (vi) business, financial, scientific,
technical or other information and data of third persons or parties to whom Consultant is providing services on behalf of CYNAPSUS,
and (vii) such information as CYNAPSUS or any affiliate of CYNAPSUS may from time to time designate as being included in the expression
“Confidential Information”. Notwithstanding, “Confidential Information” does not include information that
is in the public domain or information that falls into the public domain, unless such information falls into the public domain
by disclosure or other acts of Consultant or through the fault of the Consultant.

 

Nothing contained in this Agreement
shall be construed, by implication or otherwise, as (i) a grant of a license from CYNAPSUS to Consultant to use the Confidential
Information other than for the purposes contemplated by this Agreement, or (ii) an obligation to enter into any further negotiation
or any other agreement relating to the Confidential Information.

 

		8.	Further Representations & Covenants of Consultant. Consultant covenants that all Consulting
Services rendered pursuant to this Agreement will be performed with reasonable skill, care and diligence and in a good and workmanlike
manner. Consultant represents and further covenants that in the performance of the Consulting Services she will not knowingly violate
any law, statute, or regulation of any provincial, state, federal or municipal government, or any term, condition or obligation
of any preexisting (or future) third party employment, contractual or other legal relationship. Consultant further covenants not
to use, employ, or disclose to CYNAPSUS any confidential, secret, or private information of any third person or party, including
any information of Consultant’s former employer(s), client(s) or customer(s), which Consultant is under a duty to not use,
employ or disclose.

 

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		9.	Further Assurances of Consultant. Consultant shall from time to time execute and deliver
all such further documents and instruments (including instruments of Intellectual Property conveyance and waivers of moral rights)
and do all acts and things as CYNAPSUS may, at any time, reasonably require to effectively carry out or better evidence or perfect
the full intent and meaning of this Agreement (at CYNAPSUS’s expense). Without limiting the generality of the foregoing,
Consultant agrees to assist CYNAPSUS to obtain and enforce its rights in the Intellectual Property created pursuant to the provision
of the Consulting Services as contemplated by this Agreement. To that end, Consultant will execute all documents for use in applying
for and obtaining or perfecting rights and/or title in Intellectual Property and enforcing CYNAPSUS’s rights therein, as
CYNAPSUS may desire, together with any assignments thereof to CYNAPSUS or persons designated by it.

 

		10.	Duty of Care. The Consultant agrees to use its best efforts to perform this Agreement, to
act honestly and in good faith and in the best interests of CYNAPSUS, and to exercise the care, diligence and skill of a reasonably
informed consultant.

 

		11.	Indemnification. CYNAPSUS agrees to defend, indemnify fully on demand and hold harmless
Consultant from, against, for and in respect of any and all claims, damages, losses, costs and expenses (including, without limitation,
reasonable attorney's fees) arising out of any and all third party claims, suits, actions, or any proceedings for bodily injury,
death or property damage or any other injury or damage or loss of any kind whatsoever, whether direct or indirect, arising out
of the design, manufacture, sale or use of any embodiment or manifestation or aspect of the results of the Consulting Services,
except to the extent such claim, damage, loss, cost or expense is the result of the Consultant’s negligence or willful misconduct
or breach of this Agreement or of any covenant, representation or warrant contained herein.

 

Consultant shall promptly after
receipt of a notice of any claims, demands, suits or other proceedings, of whatever nature giving rise to the right of indemnification,
notify CYNAPSUS in writing thereof and shall send to CYNAPSUS a copy of all documents served Consultant.

 

		12.	Warranties. All results and output obtained pursuant to the provision of the Consulting
Services by Consultant as contemplated by this Agreement shall be considered to be delivered by Consultant and received by CYNAPSUS
"as is." Consultant expressly disclaims, and CYNAPSUS hereby expressly waives, all warranties express or implied pertaining
to the merchantability, use and/or fitness for a particular purpose of any results or output obtained pursuant to the provision
of the Consulting Services by Consultant as contemplated by this Agreement.

 

		13.	Arbitration. Any dispute or controversy arising out of or relating to this Agreement shall
be settled finally and exclusively by arbitration in the Province of Ontario in accordance with the Arbitration Act, 1991 of the
Province of Ontario and the laws of the Province of Ontario. Any finding by an arbitrator(s) arising from an arbitration proceeding
conducted pursuant to this paragraph shall be final and binding upon the parties. Judgment upon any award rendered by the arbitrator(s)
may be entered in any court having jurisdiction thereof, and the parties consent to the jurisdiction of the relevant Ontario Court.

 

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		14.	Notice. All legal notices, requests, consents and other communications, required or permitted
to be given hereunder to be given under this Agreement shall be personally delivered in writing or shall have been deemed duly
given when received after it is posted in the Canadian mail, postage prepaid, registered or certified, return receipt requested
addressed as follows:

 

If
to CYNAPSUS:

 

CYNAPSUS Therapeutics Inc.

828 Richmond Street West

Toronto, Ontario

CANADA M6J 1C9

Anthony Giovinazzo, President & CEO

Tel: 416-703-2449

 

If to the Consultant:

Nan Hutchinson

Hutchinson and Associates

399 Pineville Road

Newtown, PA 18940

 

IN WITNESS WHEREOF, the parties
have executed this Consulting Agreement on the date first written above.

 

	CONSULTANT:	 	CYNAPSUS THERAPEUTICS INC.
	 	 	 	 
	/s/ Nan Hutchinson	 	Per: 	/s/ Anthony Giovinazzo
	Nan Hutchinson	 	 	Anthony Giovinazzo

 

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