Document:

Exhibit 10.1

 

	 	 	 	 	 

 

Letter Employment Agreement

 

This Letter Employment Agreement (“Agreement”),
dated June 30, 2022 (“Effective Date”), is among Clinical Research Alliance, Inc., a New York Corporation, with its
principal place of business at 1400 Old Country Road, Suite 304, Westbury, NY 11590 (“Company”), Optimus Healthcare
Services, Inc., a Florida Corporation, with its principal place of business at 1400 Old Country Road, Suite 306, Westbury, NY 11590 (“Parent”),
and John Sganga, an individual who resides at 350 Evandale Road, Scarsdale, NY 10583 (“Executive” ).

 

		1.	Employment as PRESIDENT AND Chief Executive Officer of COMPANY, A subsidiary of PARENT 

 

		A.	Company hereby employs Executive, and Executive hereby accepts the employment as President and Chief Executive
Officer (“President /CEO”) of Company, upon the terms and conditions set forth in this Agreement, from the Effective
Date until Executive’s employment hereunder terminates in accordance with this Agreement (“Employment Term”).

 

		B.	Executive will report to Marc Wiener (“Wiener”), President and Chief Executive Officer
of Parent.

 

		C.	Duty
                                            of Loyalty. During the Employment Term, Executive shall
                                            not, without the prior written consent of Wiener, accept other employment or render or perform
                                            other services for compensation. Executive shall devote Executive’s time and attention
                                            and Executive’s best efforts to the faithful performance of Executive’s duties
                                            as President/CEO of the Company. Executive’s expenditure of reasonable amounts of time
                                            for teaching, personal business, or on behalf of charitable or professional organizations
                                            shall not be deemed a breach of this Agreement, provided such activities do not materially
                                            interfere with the performance of Executive’s duties and responsibilities hereunder.

 

		D.	Place
                                            of Performance. Executive’s principal
                                            place of employment during the Employment Term will be at Executive’s discretion. Notwithstanding
                                            the foregoing, Executive understands and agrees that Executive’s presence may be required
                                            at the Company’s headquarters, or Executive may be required to travel for business,
                                            in each case, in accordance with Executive’s duties and responsibilities under this
                                            Agreement, as business needs require or may change over time and as reasonably requested
                                            by Wiener.

 

		E.	Executive represents that he is not a party to any binding relationship or contract, which would be an
impediment to entering into this Agreement, and that he is permitted to enter into this Agreement and perform the obligations under this
Agreement.

 

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		2.	Duties.

 

Executive shall perform such duties and services
and shall be allocated such resources, consistent with Executive’s position, as may be assigned to him from time to time by the
Company. In furtherance of the foregoing, Executive hereby agrees to perform well and faithfully such duties and responsibilities.

 

In the role as President/CEO of the Company, Executive’s
duties shall include, but shall not be limited to, the following:

 

		-	manage and oversee the daily operations, personnel and finances of the
Company

 

		-	communicate with management and the Board of Directors of the Company and Parent

 

		-	support the Parent’s portfolio companies and management when and where needed

 

		-	develop and implement a business plan outlining the growth strategy for Company

 

		-	assist in identifying targets for the Company and Parent to acquire and coordinate the due diligence efforts

 

The duties set forth above are subject
to modification from time to time as determined by Wiener.

 

		3.	COMPENSATION AND BENEFITS. In consideration of the services to be
                                                        rendered by Executive as President/CEO of Company, Company shall pay to Executive the following compensation, which shall be the
                                                        entire and exclusive compensation for all of Executive’s services rendered to the Company and Parent:

 

		A.	Annual Base Salary. During
                                            the Employment Term, the Company shall pay to Executive an annualized base salary of $300,000
                                            (“Base Salary”). For calendar years in which Executive is employed for less than
                                            the full year, the Base Salary shall be prorated and accrue on a per diem basis for only
                                            those days on which Executive was employed during the Employment Term. The Base Salary will
                                            be paid by Company in equal installments according to Company’s customary payroll practices,
                                            but in any event not less frequently than monthly, and shall be subject to all mandatory
                                            and voluntary payroll deductions. Executive’s Base Salary shall be reviewed periodically
                                            by the Parent’s Board or Compensation Committee if so designated and may be appropriately
                                            increased from time to time in the sole discretion of the Parent’s Board or Compensation
                                            Committee, as applicable.

 

		B.	Incentive Compensation. During the Employment Term, Executive shall be entitled to participate
in all short-term and long-term incentive programs established by the Company or Parent. Executive’s annual short-term incentive
opportunity target shall be no less than 50% of the Base Salary, established at the beginning of each calendar year following discussions
between Wiener, Parent, and Parent’s Board or Compensation Committee as such percentage may be increased from time to time (“Target
Annual Bonus”). The actual amount of such annual incentive compensation shall be determined in accordance with the applicable
plans based on achievement of individual, Company and Parent’s performance objectives established in advance, and such actual annual
short term incentive compensation amount may be more or less than the Target Annual Bonus amount. No minimum incentive is guaranteed.
Executive must be employed by the Company at the time that the Target Annual Bonus is paid to be entitled to receive it, except as otherwise
set forth herein.

 

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		C	Equity Compensation. Upon the terms and conditions set forth herein, and subject to the
approval of Parent’s Board, on or after the Effective Date, the Company shall grant to Executive options to purchase 250,000 shares
of the Company’s common stock (“Options”) pursuant to and in accordance with the terms and conditions of Parent’s
established equity incentive plan or a successor plan (“Plan”) and Parent’s form of stock option agreement. The
Options shall vest in equal amounts over a four-year period commencing from the Effective Date, with 25% of the Options vesting on the
one-year anniversary of the Effective Date, and the remainder of unvested options vesting on an annual basis thereafter until such time
that all the Options are fully vested and exercisable, provided, that the Options, and each other outstanding equity award granted
to Executive, shall accelerate so as to be fully vested and immediately exercisable immediately prior to any Change in Control as defined
in the Plan of Parent.

 

		D	Retirement, Welfare and Other Benefit Plans and Programs. During the Employment Term, Executive
shall be entitled to participate in the employee retirement and welfare benefit plans and programs made available to Company’s other
senior level executives as a group, as such retirement and welfare plans may be in effect from time to time and subject to the eligibility
requirements of such plans, including but not limited to, life, health and disability plans, and a 401(k) retirement plan and similar
or other plans. During the Employment Term, Executive shall be eligible for vacation, sick leave and holidays in accordance with Company’s
vacation, sick leave and holiday policies and other pay for time not worked policies. Nothing in this Agreement or otherwise shall prevent
Company or any of its affiliates from amending or terminating after the Effective Date any retirement, welfare or other employee benefit
plans, programs, policies or perquisites from time to time as Company or its affiliates deem appropriate, and Executive’s participation
in any such plan, program, policy and perquisite shall be subject to the terms, provisions, rules and regulations thereof.

 

		E.	Reimbursement of Expenses. During the Employment Term, Company shall reimburse Executive
for all reasonable and necessary business expenses that Executive incurs while performing Executive’s duties under this Agreement
in accordance with Company’s general policies of expense reimbursement in effect from time to time.

 

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		4.	TERMINATION.

 

		A.	Notice of Termination and Date of Termination.
Each party must give written notice to the other of the intent to terminate this Agreement and Executive’s employment hereunder
(“Notice of Termination”). The Notice of Termination must specify a date of termination of employment, which shall
incorporate any period of notice required by this Section. (“Date of Termination”). Executive may terminate
Executive’s employment at any time by giving Company a Notice of Termination in accordance with the notice period specified under
this Section that is applicable to the circumstances of such termination, and Company may terminate Executive’s employment at any
time by giving Executive a Notice of Termination in accordance with the notice period specified under this Section that is applicable
to the circumstances of such termination.

 

		B.	Executive’s Death or Total Disability. Executive’s
employment under this Agreement shall terminate upon the date of Executive’s death. Additionally, if, during the Employment Term,
Executive suffers a Total Disability (as defined below), then Company may terminate Executive’s employment under this Agreement
by giving Executive a Notice of Termination specifying the Date of Termination, which may be a date selected by the Company in its sole
discretion. Upon such termination due to death or Total Disability, Company shall pay to Executive or Executive’s estate: (i) any
Base Salary that has fully accrued but not been paid as of the effective date of such termination, as well as any vested and accrued
employment benefits subject to the terms of any applicable employment benefit arrangements and applicable law (“Accrued Benefits”);
and (ii) a prorated Target Annual Bonus for the year in which Executive’s death or Disability occurs, which bonus shall be calculated
and paid in the same manner as set forth in Section 3 B. All other rights and benefits of Executive and Executive’s dependents
hereunder shall terminate upon such termination, except for any right to the continuation of benefits otherwise provided by law.

 

		C.	By Company with Cause. Company may terminate with Cause (as defined below) Executive’s
employment hereunder at any time. In order to terminate Executive’s employment hereunder with Cause, Company must give Notice of
Termination to Executive specifying the Cause and the Date of Termination, which may be a date selected by Company in its sole discretion.
Upon termination with Cause, Company shall pay to Executive all Accrued Benefits. All other rights and benefits of Executive hereunder
(including any Target Annual Bonus) shall terminate upon such termination, except for any right to the continuation of benefits otherwise
provided by law.

 

		D.	By Executive without Good Reason or by Mutual Agreement. Executive may terminate Executive’s
employment without Good Reason at any time by giving the Company Notice of Termination at least 30 days prior to the Date of Termination
designated by Executive. In addition, this Agreement may be terminated at any time by written mutual agreement of the parties with or
without notice. Upon termination of Executive’s employment by Executive without Good Reason or termination by mutual agreement of
the parties, Company shall pay to Executive all Accrued Benefits. All other rights and benefits of Executive hereunder (including any
Target Annual Bonus) shall terminate upon such termination, except for any right to the continuation of benefits otherwise provided by
law.

 

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		E.	Without Cause by Company or For Good Reason by Executive. Company may terminate Executive’s
employment at any time without Cause by giving Executive a Notice of Termination at least one day prior to the Date of Termination, and
Executive may terminate Executive’s employment for Good Reason by giving Company a Notice of Termination in accordance with this
section. Upon termination of Executive’s employment without Cause by Company or for Good Reason by Executive, Company will pay Executive:
(i) all Accrued Benefits; and (ii) the severance compensation payable under Section 4(E)(l), to the extent applicable.
All other rights and benefits of Executive hereunder shall terminate upon such termination, except for any right to the continuation of
benefits otherwise provided by law.

 

		(1)	In the event that Company terminates Executive’s employment without Cause or Executive terminates
his employment for Good Reason, and contingent upon Executive’s execution (without subsequent revocation) of a customary release
of claims reasonably acceptable to Executive and Company, then Company shall pay to Executive, as severance compensation, the following:

 

		(a)	Executive’s Base Salary (at the rate payable at the time of such termination) for a period of twelve
(12) months following the Date of Termination. Such severance compensation shall be paid by Company in equal installments according to
Company’s customary payroll practices, with the first payment made on the first regularly scheduled pay day immediately following
the effective Date of Termination, but in any event payments shall be made not less frequently than monthly; provided, however, that:
(a) Company shall pay such severance in a lump sum on the first regularly scheduled pay day immediately following the effective date of
termination if such termination of employment occurs upon or within one year following a sale of the Company, and such sale constitutes
a “change in control event” as defined under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”),
to the extent required to comply with Section 409A of the Code; and (b) notwithstanding the preceding clause (a), if such sale is not
a “change in control event” as defined under Section 409A of the Code and penalty taxes may result under Section 409A if such
severance compensation is paid in a lump sum, then the severance compensation will be paid in equal installments according to Company’s
customary payroll practices, with the first payment made on the first regularly scheduled pay day immediately following the effective
date of termination, but in any event payments shall be made not less frequently than monthly.

 

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		(b)	To the extent Executive has an annual incentive compensation award for the year of termination in which
the Date of Termination occurs, Executive shall receive a pro rata Target Annual Bonus award payment for the year in which the Date of
Termination occurs (measured at the target level, identified “goal” target or other similar target, without taking into account
any incentive override for above goal performance, or any project-specific or other non-standard incentives), which shall be paid on the
first regularly scheduled pay day immediately following the Date of Termination. The pro rata amount shall be determined as the Target
Annual Bonus in effect for the year in which the Date of Termination occurs, multiplied by a fraction, the numerator of which is the number
of days in which Executive was employed by Company during the year in which the Date of Termination occurs, including the Date of Termination,
and the denominator of which is 365.

 

		(c)	During the 12 month period following the Date of Termination, if Executive timely elects continued coverage
under Section 4980B of the Code (“COBRA”), Company will reimburse Executive for the monthly COBRA cost of continued
health coverage under the health plans of Company, should Company sponsor and pay for, or reimburse for individual health plan expenses,
a health plan for its employees, paid by Executive for Executive, and, if applicable, Executive’s spouse and dependents, less the
amount that Executive would be required to contribute for health coverage if Executive were an active employee of Company; provided that
such reimbursements shall not continue beyond the first to occur of (x) the date on which Executive fails to pay the COBRA cost of continuation
coverage under the health plans of Company and (y) the date on which Executive is eligible for substantially similar coverage from a subsequent
employer. These reimbursements will commence on the first regularly scheduled pay day immediately following the Date of Termination and
will be paid on the first regularly scheduled pay day of each month, provided that Executive demonstrates proof of payment of the applicable
premiums prior to the applicable reimbursement payment date.

 

		(d)	The vesting of each outstanding equity award granted to Executive will accelerate so that such awards
will be fully vested as of the Date of Termination. If any equity awards vest based on the attainment of performance goals, the performance
goals will be deemed to have met as of the Date of Termination, unless such greater amount of vesting is provided for in the applicable
award agreements.

 

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		(e)	Payment of the severance compensation shall be subject to all mandatory and voluntary payroll deductions.
In the event that Executive materially breaches any of his post-employment covenants or obligations set forth in this Agreement and fails
to cure such breach within fifteen (15) calendar days following receipt from Company of notice to cure such breach, then the payment of
severance compensation pursuant to this section shall terminate immediately and permanently. During the period that Executive is paid
the foregoing severance compensation, Executive shall not further accrue any other benefits under any benefit plans of which Executive
was a participant while employed by Company, except as otherwise required by applicable federal or state law, by the express terms of
this Agreement, or by the express terms of such benefit plans.

 

		F.	For purposes of this Agreement:

 

		(1)	Executive’s employment will be deemed to have been terminated by Company “with Cause”
if the termination arises from or relates to a determination by the parent company’s Board that (a) Executive performed an
act or acts of willful and material malfeasance or misconduct with respect to the performance of Executive’s duties and responsibilities
as an employee and executive officer of Company or Parent or under this Agreement that results in material harm to Company, Parent or
their respective affiliates that remains uncorrected for fifteen (15) days after receipt of written notice by Company to Executive; or
(b) except as otherwise permitted under Section l(C), Executive’s continued failure to devote his full business time and
attention and his best efforts to the faithful performance of his material duties and responsibilities (other than a failure resulting
from Executive becoming disabled) that remains uncorrected for fifteen (15) days after receipt of written notice by Company or Parent
to Executive; or (c) Executive’s material breach of any material provision of this Agreement that remains uncorrected for fifteen
(15) days after receipt of written notice by Company or Parent to Executive; or (d) Executive commits an act of fraud, embezzlement, misappropriation,
or personal dishonesty against Company, Parent or their respective affiliates (which, if proven, would constitute a felony); or (e) the
conviction, or plea of nolo contendere, of Executive to a crime constituting a felony.

 

		(2)	Executive’s employment shall be deemed to have been terminated by Company “without Cause”
if such termination does not arise from or relate to any of acts or omissions constituting “Cause” as set forth in
clauses (a) through (e) of the immediately preceding subsection, and such termination is not the result of Executive’s death or
Executive suffering a Total Disability.

 

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		(3)	Executive shall be deemed to have suffered a “Total Disability” if (a) Executive is
granted long-term disability benefits or (b) Executive becomes physically or mentally disabled so that Executive is unable to perform
the essential functions of Executive’s job, with or without reasonable accommodation in accordance with the Americans with Disabilities
Act and its amendments, for a period of one hundred eighty (180) consecutive days.

 

		(4)	Executive shall be deemed to have terminated his employment for “Good Reason” if Executive
terminates his employment on account of the occurrence of one or more of the following without Executive’s consent:

 

		(a)	A material diminution by Company or Parent of Executive’s authority, duties or responsibilities
the duration of which is greater than fifteen (15) days and which is not the result of Executive’ s acts or omissions which constitute
“Cause” as set forth in clauses (a) through (e) of Section 5(F)(1);

 

		(b)	A material change in the geographic location at which Executive must perform services under this Agreement
(which, for purposes of this Agreement, means the requirement that Executive work from a location more than fifty (50) miles from the
location at which Executive performs services immediately prior to the relocation);

 

		(c)	A material diminution in Executive’s Base Salary which is not the result of Executive’s acts
or omissions which constitute “Cause”. or

 

		(d)	Any action or inaction that constitutes a material breach by Company of this Agreement, including the
failure of Company to pay any amounts due or the failure of Company to obtain from its successors the express assumption and agreement
required under this Agreement.

 

Executive must provide Notice of Termination
for Good Reason to Company (describing the alleged event constituting Good Reason) within sixty (60) days after the event constituting
Good Reason. Company shall have a period of thirty (30) days in which it may correct the act or failure to act that constitutes the grounds
for Good Reason as set forth in Executive’s Notice of Termination. If Company does not correct the act or failure to act, then,
in order for the termination to be considered a Good Reason termination, Executive must terminate his or her employment for Good Reason
on the Date of Termination specified in such Notice of Termination, which shall be at least thirty (30) days, but not more than sixty
(60) days, after the end of such cure period.

 

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		G.	Circumstances When No Severance Compensation Will Be Paid. In the event Company terminates
Executive’s employment with Cause, Executive voluntarily terminates his employment with Company other than for Good Reason, or such
employment is terminated by mutual agreement or as the result of Executive’s death or Total Disability, Executive shall not be entitled
to payment of any severance compensation under this Agreement.

 

		H.	Cooperation after Notice of Termination. Following any Notice of Termination by either Company
or Executive, Executive, if requested by Company or Parent, shall reasonably cooperate with Company, Parent and their respective affiliates
in all matters relating to the winding up of Executive’s pending work on behalf of Company or Parent and the orderly transfer of
any such pending work to other employees of Company, Parent or their respective affiliates as may be reasonably designated by Company
or Parent following the Notice of Termination. Executive shall not receive any additional compensation during the Employment Term, other
than Executive’s Base Salary, for any services that Executive renders as provided in this Agreement, provided that, if Executive
is not receiving any severance compensation pursuant to this Agreement, for each day that Executive performs services under this Agreement
after the Employment Term, Executive shall be reimbursed for his reasonable out-of-pocket expenses and Company shall pay Executive a per
diem cash amount equal to 130% of Executive’s Base Salary rate on the Date of Termination.

 

		5.	Other provisions.

 

		A.	Surrender of Records and Property.
                                            Upon termination of employment, Executive shall promptly turn-over or deliver to Company
                                            at Company’s expense all property of Company, Parent or their respective affiliates
                                            in Executive’s possession, custody, or control, including without limitation thereto:
                                            records (paper and electronic), files (paper and electronic), documents (paper and electronic),
                                            electronic mail (e-mail) on accounts, letters, financial information, memorandum, notes,
                                            notebooks, contracts, project manuals, specifications, reports, data, tables, calculations,
                                            data, electronic information, and computer disks of Company, Parent or their respective affiliates,
                                            in all cases whether or not such property constitutes Confidential Information (as defined
                                            below), and all copies thereof; all keys to motor vehicles , offices or other property of
                                            Company, Parent or their respective affiliates; and all computers, cellular phones and other
                                            property of Company, Parent or their respective affiliates. If any of the foregoing property
                                            of Company, Parent or their respective affiliates is electronically stored on a computer
                                            or other storage medium owned by Executive or a friend, family member or agent of Executive,
                                            such information shall be copied onto a computer disk to be delivered to Company together
                                            with a written statement of Executive that the information has been deleted from such person’s
                                            computer or other storage medium.

 

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		B.	Intellectual Property.

 

		(1)	Work Product. During the Employment Term, Executive will be expected to perform duties which may
lead to and include the discovery, creation, development, or expression of inventions, discoveries, developments, modifications , procedures,
ideas, innovations, systems, programs, know-how, literary properties, chemical or biological data, computer software, improvements, processes,
methods, formulas, systems, creative works and techniques (collectively, hereinafter “Work Product”).

 

		(2)	Assignment. Executive hereby assigns and transfers to Company, and agrees that Company shall be
the sole owner of, all Work Product conceived, developed or made by Executive (alone or with others), whether during working hours or
at any other time, in whole or in part during Executive’s employment with Company (including prior to, during and after the Employment
Term), whether at the request or upon the suggestion of Company, Parent or their respective affiliates or otherwise, which are useful
in, or directly or indirectly related to the business or any contemplated business of Company, Parent or their affiliates or which relate
to, or are conceived, developed, or made in the course of, Executive’s employment or which are developed or made from, or by reason
of knowledge gained from, such employment.

 

		(3)	Work for Hire. Executive hereby agrees that all work or other material containing or reflecting
any Work Product shall be deemed a work made for hire under the U.S. Copyright Act. To the extent any such Work Product is determined
that it is not a work made for hire, Executive hereby assigns to Company all of Executive’s right, title and interest, including
all rights of copyright, patent, trade secret and other intellectual property rights, in, to and under the Work Product.

 

		(4)	Continuing Obligations. Executive agrees to disclose promptly all Work Product conceived or made
by Executive (alone or with others) to which Company is entitled to as provided herein, and agrees not to disclose such Work Product to
others except as required by law or as is reasonably necessary or appropriate in connection with the performance of Executive’s
duties as an employee and officer of Company or Parent, without the express written consent of Company. Executive further agrees that
during the Employment Term and at any time thereafter, Executive will, upon request by Company, provide all assistance reasonably required
to protect, perfect and use the Work Product, including execution of proper assignments to Company of any and all such Work Product to
which Company is entitled, execution of all papers and performance of all other lawful acts which Company may deem necessary or advisable
for the preparation, prosecution, procurement and maintenance of trademarks, copyrights and or patent applications, and execution of any
and all proper documents as shall be required or necessary to vest title in Company to such Work Product. It is understood that all expenses
in connection with such trademarks, copyrights or patents, and all applications related thereto, shall be borne by Company; however, Company
is under no obligation to protect such Work Product, except at its own discretion and to such extent as Company shall deem desirable.
Executive shall not receive any additional compensation for any such Work Product.1

 

 

1 SMRH Note to Draft: Deleted language
covered in Section 5(H).

 

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		C.	Confidential Information.

 

		(1)	Confidential Information. The term “Confidential Information” means all information
related to Parent, Company or its affiliates’ business, which exists or is developed at any time while Executive is an employee,
officer and/or director of Parent, Company or its affiliates (including prior to, during and after the Employment Term), including without
limitation: (i) strategic and development plans, financial information, equity investors, business plans, co-developer identities,
business relationships, business records, project records, market reports, information relating to processes and techniques, technology,
research, data, development, trade secrets, know-how, discoveries, ideas, concepts, specifications, diagrams, inventions, technical and
statistical data, designs, drawings, models , flow charts, engineering, products, invention disclosures, patent applications, chemical
and molecular structures, synthetic pathways, biological data, safety data, clinical data, developmental data, development route, manufacturing
processes, synthetic techniques, analytical data, Work Product, and any and all other proprietary and sensitive information, disclosed
or learned, whether oral, written, graphic or machine-readable, whether or not marked confidential or proprietary, whether or not patentable,
whether or not copyrightable, including the manner and results in which any such Confidential Information may be combined with other information
or synthesized or used by Parent, Company or its affiliates, which could prove beneficial in enabling a competitor to compete with Parent,
Company or its affiliates; or (ii) information customarily known as a “trade secret”; provided, however, that information
is not Confidential Information if it is (A) in the public domain (other than as a result of a breach by Executive of this Section
6), (B) approved in writing for release by Parent, Company or its affiliates, or (C) lawfully obtained from a third party who is not
known by Executive (after Executive’s reasonable inquiry) to be bound by a confidentiality obligation.

 

		(2)	Acknowledgements. Executive acknowledges and agrees that: (1) Executive’s position with Company
and Parent is one of high trust and confidence; (2) the Confidential Information constitutes a valuable, special and unique asset which
Parent, Company and CRA use to obtain a competitive advantage over their competitors, (3) Executive’s protection of such Confidential
Information against unauthorized use or disclosure is critically important to Parent and Company in maintaining their competitive advantage,
(4) all Confidential Information is the property of Parent and Company, as applicable, and (5) Executive shall acquire no right, title
or interest in, to or under any such Confidential Information.

 

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		D.	Nondisclosure. Executive promises that, unless legally compelled to do so, Executive
                                                                     will never (before, during or after the Employment Term): (1) disclose any Confidential Information to any person or entity other
                                                                     than (i) an officer or director of Parent or Company; or (ii) any other person who is bound by nondisclosure restrictive covenants
                                                                     to Parent or Company and to whom disclosure of such Confidential Information is reasonably necessary or appropriate in connection
                                                                     with performance by Executive of Executive’s duties as an employee and officer of Parent or Company ; or (2) use any
                                                                     Confidential Information except to the extent it is reasonably necessary or appropriate in connection with performance by Executive
                                                                     of Executive’s duties as an employee and officer of Parent or Company. Executive promises to take all reasonable precautions
                                                                     to prevent the inadvertent or accidental disclosure or misuse of any Confidential Information. In the event Executive receives a
                                                                     request to disclose all or any part of the Confidential Information under the terms of a subpoena or order issued by a court or
                                                                     governmental body, Executive promises, to the extent permissible by law, to (a) notify Parent and Company immediately of the
                                                                     existence, terms and circumstances surrounding such request, (b) consult with Parent and Company on the advisability of taking
                                                                     legally available steps to resist or narrow such request, (c) if disclosure is required, furnish only such portion of the
                                                                     Confidential Information as Executive is legally compelled to disclose; and (e) exercise Executive’s best efforts to obtain an
                                                                     order or other reliable assurance that confidential treatment will be accorded to the disclosed Confidential Information.

 

		E.	Nonsolicitation Of Employees.
                                            Until one year after the Employment Term ends, Executive shall not, directly or indirectly,
                                            either on Executive’s own account or for any other person or entity: (a) employ, solicit,
                                            induce, advise, or otherwise convince, interfere with Parent or Company’s employment
                                            of, or offer employment to, any employee of Parent or Company ; (b) employ or otherwise interfere
                                            with Parent or Company’s engagement with, or offer employment to, any consultant of
                                            Parent or Company or (c) induce or attempt to induce any such employee or consultant to breach
                                            their employment agreement or relationship or consulting agreement or relationship with Parent
                                            or Company provided, however, that Executive shall not be in breach of this provision if
                                            any such employee or consultant, without inducement or solicitation by Executive, applies
                                            for employment at Executive’s subsequent employer in response to a general advertisement
                                            soliciting employment.

 

		F.	Notices. All notices required or permitted under this Agreement shall be in writing
                                                            and shall be deemed effective upon delivery personally, by email with proof of receipt or by overnight mail with proof of receipt,
                                                            or upon deposit in the United States Post Office, by registered or certified mail, postage prepaid, addressed to the other party at
                                                            the address shown above (or in the case of email at the address for the recipient party in the sending party’s books and
                                                            records), or at such other address or addresses as either party shall designate to the other parties in accordance with this
                                                            Agreement.

 

		G.	EntireAgreement. This Agreement constitutes the
entire agreement between the parties and supersedes all prior agreements and understandings, whether written or oral, relating to the
subject matter of this Agreement.

 

		H.	Amendment. This Agreement may be amended or modified only by a written instrument
                                                            executed by Parent, Company and Executive.

 

		I.	Governing Law. This
                                            Agreement shall be construed, interpreted and enforced in accordance with the laws of the
                                            State of New York, without regard to its conflict of laws principles.

 

		J.	Successors and Assigns.
                                            This Agreement shall be binding upon and inure to the benefit of both parties and their
                                            respective successors and assigns, including any corporation with which or into which Parent
                                            or Company may be merged or which may succeed to the assets or business of Parent or Company
                                            as applicable, provided, however, that the obligations of Executive are personal and shall
                                            not be assigned by him.

 

		K.	Arbitration. The parties agree that any controversy, claim, or dispute arising out of
                                                            or relating to this Agreement, or the breach thereof, or arising out of or relating to the employment of Executive, or the
                                                            termination thereof, including any claims under federal, state, or local law, shall be resolved by arbitration in Nassau County, New
                                                            York in accordance with the Employment Dispute Resolution Rules of the American Arbitration Association. The parties agree that any
                                                            award rendered by the arbitrator shall be final and binding, and that judgment upon the award may be entered in any court having
                                                            jurisdiction thereof.

 

		L.	Severability. If any term or provision of this Agreement is invalid,
illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or provision
of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction. Upon such determination that
any term or other provision is invalid, illegal or unenforceable, the parties shall negotiate in good faith to modify this Agreement so
as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the arrangements
contemplated hereunder be maintained as originally contemplated to the greatest extent possible.

 

[SIGNATURE
pAGE FOLLOWS]

 

    -12-

     

    

 

Please confirm that the terms
described herein are in accordance with your understanding by signing this Agreement. We are pleased to work with you and look forward
to a successful outcome.

 

	Agreed and Confirmed:	 	 
	 	 	 
	/s/ John Sganga	 	/s/ Marc Wiener
	John Sganga	 	Marc Wiener
	 	 	Chief Executive Officer
	 	 	 
	 	 	Clinical Research Alliance,
Inc.

 

	/s/ Cliff Saffron	 	 
	Cliff Saffron	 	 
	General Counsel	 	 
	Optimus Healthcare Services, Inc.	 	 

 

[Signature Page to Letter Employment Agreement]Exhibit 10.2

 

Amendment 1 to Letter Employment Agreement

 

WHEREAS, Optimus Healthcare Services, Inc. (“Company”)
and Marc Wiener (“Executive”) entered into a Letter Employment Agreement (“Agreement”) dated May 25, 2021; and

 

WHEREAS, Section 5. H. of the Agreement provides that the Agreement
may be amended or modified only by a written instrument executed by Company and Executive; and

 

WHEREAS, Company and Executive now desire to amend and restate
Section 3.A of the Agreement; and

 

NOW, THEREFORE, in consideration of the foregoing, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Company and Executive hereto agree as follows:

 

Amendment to Section 3.A. – Annual Base Salary -
the first sentence of Section 3.A. is amended to read as follows. “During the Employment Term, Company shall pay to Executive
an annualized base salary of $250,000 (the “Base Salary”).

 

All other terms of the Agreement remain the same.

 

	Optimus Healthcare Services, Inc.	 
	 	 
	By: 	/s/ John Sganga	 
	Name:  	John Sganga	 
	Title: 	President and Chief Executive Officer	 

 

	Date: 	September 12, 2022	 

 

	By: 	/s/ Marc Weiner	 
	Name:  	Marc Wiener	 

 

	Date:	September
12, 2022

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