Document:

Exhibit 10.2

 

July 23, 2019

 

 

 

Chris Caulson

____________

____________

 

Dear Chris:

 

As we have discussed, Envision Solar International
(the "Company") has decided to end your at-will employment. This letter sets forth the terms of the Separation Agreement
(the "Agreement") that the Company is offering to you to aid in your employment transition.

 

	1.	Separation. Your last day of work with the Company and your employment termination date will be
on or before August 15, 2019 (the "Separation Date").

 

	2.	Accrued Salary and Vacation. On the Separation Date the Company will pay you all accrued salary,
and all accrued and unused vacation earned through the Separation Date, subject to all required payroll deductions and withholdings.
You are entitled to these payments regardless of whether or not you sign this Agreement.

 

	3.	Separation Payment. The Company will make a Separation Payment to you in the amount of $82,500.00
in the form of a lump sum, less standard payroll deductions and withholdings. To be eligible to receive the Separation Payment,
you must sign and return this Agreement to the Company within twenty-one (21) calendar days from the date listed above. The Company
will pay you the Separation Payment on the Separation Date, provided that you have returned all Company property as specified in
Paragraph 7 and have not revoked your acceptance of this Agreement pursuant to 17.c. below.

 

	4.	Health Insurance. This provision applies only if you have been covered under the Company's health
insurance plan, if any. To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company's
current group health insurance policies, you will be eligible to continue your group health insurance benefits at your own expense.
Later, you may be able to convert to an individual policy through the provider of the Company's health insurance. You will be provided
with a separate notice describing your rights and obligations under COBRA.

 

	5.	Other Compensation or Benefits. You acknowledge that, except as expressly provided in this Agreement,
you are not entitled to and will not receive, in connection with your employment with the Company, any additional compensation,
benefits or severance after the Separation Date. Thus, for any Company sponsored employee benefits not referenced in this Agreement,
you will be treated as a terminated employee effective on your Separation Date.

 

	6.	Expense Reimbursement. You agree that no later than ten (10) days after the Separation Date, you
will submit your final documented expense reimbursement statement reflecting all business expenses you incurred through the Separation
Date, if any, for which you seek reimbursement. The Company will reimburse you for these expenses pursuant to its regular business
practice.

 

 

 

    	 	1	 

     

    

 

	7.	Return of Company Property. You agree to immediately return to the Company all Company documents
(and all copies thereof) and other Company property in your possession or control, including, but not limited to, Company files,
notes, drawings, memoranda, records, business plans and forecasts, reports, proposals, personnel information, financial information,
specifications, computer-recorded information, tangible property (laptop computer, cell phone, PDA, etc.), entry cards, identification
badges and keys; and, any materials of any kind that contain or embody any proprietary or confidential information of the Company
(and all reproductions thereof in whole or in part). You agree that you will make a diligent search to locate any such documents,
property and information on or before the Separation Date. If you have used any non-Company computer, hard drive, portable flash
drive, server, cellular telephone, iPhone, Blackberry, PDA, or e-mail system to receive, store, review, prepare or transmit any
Company confidential or proprietary data, materials or information, you agree to immediately provide the Company with a computer-useable
copy of such information and then permanently delete and expunge such Company confidential or proprietary information from those
systems. You further agree to provide the Company access to such systems as requested to verify that the necessary copying and/or
deletion is completed. By executing and returning this Separation Agreement you are certifying that you have complied with your
obligation herein to immediately return all Company documents and information regardless of where you have maintained such Company
property. Your compliance with the terms of this Paragraph is a condition precedent to your eligibility to receive the Separation
Payment.

 

	8.	Post-Employment Restrictions. You acknowledge your continuing obligation to refrain from disclosing or using, for yourself
or another, any of the Company's proprietary trade secret information.

 

	9.	Unemployment Benefits. After the Separation Date, you may apply for unemployment benefits. Whether you receive benefits
will be determined by the State Employment Development Department.

 

	10.	Job References. You should direct any job reference inquiries to Desmond Wheatley. In response
to any such inquiries, the Company will provide only the position you held and the dates of employment. The Company will confirm
your salary in response to any such inquiry only if you submit a written authorization to the Company authorizing it to disclose
such information.

 

	11.	Non-disparagement. You agree not to disparage the Company, or its officers, directors, employees, shareholders or agents,
in any manner likely to be harmful to them or their business, business reputation or personal reputation; provided that you may
respond accurately and fully to any question, inquiry or request for information when required by legal process. The Company,
or its officers and directors, agrees not to disparage you in any manner likely to be harmful to you or your business, business
reputation or personal reputation; provided that the Company may respond accurately and fully to any question, inquiry or request
for information when required by legal process.

 

	12.	Release of All Claims. Except as otherwise set forth in this Agreement, you hereby release,
acquit and forever discharge the Company and its owners, officers, directors, employees, agents, independent contractors, members,
executors, partners, joint venturers, administrators, parent, subsidiaries, assigns, associates, affiliates, and attorneys, as
well as all persons or companies acting by, under, through or in concert with any of them (the "Released Parties"),
of and from any and all claims, liabilities, demands, causes of action, costs, expenses, attorneys' fees, damages, indemnities
and obligations of every kind and nature, in law, equity, or otherwise, known and unknown, suspected and unsuspected, disclosed
and undisclosed, arising out of or in any way related to agreements, events, acts or conduct at any time prior to and including
the execution date of this Agreement, including but not limited to: all such claims and demands directly or indirectly arising
out of or in any way connected with your• employment with the Company or the termination of that employment; claims or demands
related to salary, vacation, fringe benefits, expense reimbursements, separation pay, or any other form of compensation; claims
pursuant to any federal, state or local law, statute, or cause of action including, but not limited to, the federal Civil Rights
Act of 1964, as amended; the federal Americans with Disabilities Act of 1990; the federal Employee Retirement Income Security Act
of 1974, as amended; the federal Family and Medical Leave Act, as amended (the "FMLA");
the federal Age Discrimination in Employment Act; the federal Older Workers Benefit Protection Act; the Lilly Ledbetter Fair Pay
Act; the California Fair Employment and Housing Act, as amended; the California Family Rights Act, as amended; the California Fair
Pay Act; the California Labor Code; tort law; contract law; wrongful discharge; discrimination; harassment; fraud; defamation;
emotional distress; and breach of the implied covenant of good faith and fair dealing. This Release does not prohibit you from
participating in an Equal Employment Opportunity Commission ("EEOC") or other federal, state or local administrative
agency investigation or proceeding. However, you agree to waive your right to monetary or other recovery should any claim be pursued
with the EEOC or administrative agency on your behalf arising out of or related to your employment with and/or separation from
the Company. In addition, this Release shall not be construed in any way to waive any rights or benefits that may not be waived
pursuant to applicable law.

 

 

 

    	 	2	 

     

    

 

	13.	Except as otherwise set forth in this Agreement, the Company hereby releases, acquits and forever discharges you (the "Released
Parties"), of and from any and all claims, liabilities, demands, causes of action, costs, expenses, attorneys' fees, damages,
indemnities and obligations of every kind and nature, in law, equity, or otherwise, known and unknown, suspected and unsuspected,
disclosed and undisclosed, arising out of or in any way related to agreements, events, acts or conduct at any time prior to and
including the execution date of this Agreement, including but not limited to: all such claims and demands directly or indirectly
arising out of or in any way connected with my employment with the Company or the termination of that employment; claims or demands
related to salary, vacation, fringe benefits, expense reimbursements, separation pay, or any other form of compensation; claims
pursuant to any federal, state or local law, statute, or cause of action; the California Labor Code; tort law; contract law; wrongful
discharge; discrimination; harassment; fraud; defamation; and breach of the implied covenant of good faith and fair dealing. This
Release does not prohibit you from participating in a federal, state or local administrative agency investigation or proceeding.
However, you agree to waive your right to monetary or other recovery should any claim be pursued with the EEOC or administrative
agency on your behalf arising out of or related to your employment with and/or separation from the Company. In addition, this
Release shall not be construed in any way to waive any rights or benefits that may not be waived pursuant to applicable law.

 

	14.	No Actions or Claims. You represent that you do not have pending, and will not file, in your name
any charges, complaints, grievances, arbitrations, lawsuits, or claims against the Released Parties, with any local, state or federal
agency, union or court.

 

	15.	Employee Affirmations. You affirm, to the extent applicable, that as of the execution by you of
this Agreement you have otherwise been paid all wages and benefits due by the Company; you have no outstanding requests for copies
of personnel, payroll, or other employment documents from the Company; you were not denied a requested leave or a requested reasonable
accommodation and/or were advised why any request for reasonable accommodation was not available or would create an undue hardship;
and you have no known workplace injuries or occupational diseases for which you have not previously filed a claim for workers'
compensation benefits.

 

	16.	Waiver. In granting the release herein, you understand that this Agreement includes a release of
all claims known or unknown. In giving this release, which includes claims which may be unknown to you at present, you acknowledge
that you have read and understand Section 1542 of the California Civil Code which reads as follows: "A general release does
not extend to claims which the creditor or releasing party does not know or suspect to exist in his or her favor at the time of
executing the release, which if known by him or her must have materially affected his or her settlement with the debtor."
You hereby expressly waive and relinquish all rights and benefits under that section and any law of any jurisdiction of similar
effect with respect to the release of any unknown or unsuspected claims you may have against the Released Parties.

 

	17.	Voluntary Agreement. You understand, represent, and agree as follows:

 

		a.	In exchange for executing this Agreement, you will receive a separate, mutually agreed, consideration
beyond that which you were otherwise entitled to under Employer's policy or applicable law.

 

		b.	By signing this Agreement, you are waiving, among other rights, all claims and rights under the
Age Discrimination in Employment Act ("ADEA") and the Older Workers' Benefit Protection Act ("OWBPA"), 29 U.S.C.
§621, et seq. Accordingly, you have twenty one (21) days to consider this Agreement, but need not take the full twenty
one (21) day period if you do not wish to do so. If you sign this Agreement before the expiration of the twenty-one (21) day period,
you acknowledge that you did so voluntarily.

 

		c.	You have seven (7) days to revoke your waiver under the ADEA and OWBPA after signing this Agreement.
For your revocation to be effective, you must give written notice of your revocation to the Company (addressed to the attention
of Desmond Wheatley) prior to the expiration of the seven (7) day period. If you submit such revocation, you will not be paid the
Separation Payment provided for under Section 3 above.

 

		d.	By the terms contained herein, you have been encouraged and given the opportunity to consult with
an attorney of your choice prior to signing this Agreement.

 

 

 

    	 	3	 

     

    

 

		e.	You have carefully read and fully understand all of the provisions of this Agreement, including
the legal and binding effect of the Agreement, and the exchange of benefits and promises herein.

 

		f.	You understand and agree that the Company's obligation to perform under this Agreement is conditioned
upon your performance of all agreements, releases and covenants to the Company.

 

		g.	You are entering into this Agreement voluntarily and of your own free will and intend to be legally
bound by the Agreement.

 

		18.	Miscellaneous. This Agreement constitutes the complete, final and exclusive embodiment of the entire
agreement between you and the Company with regard to the subject matters discussed herein. It is entered into without reliance
on any promise or representation, written or oral, other than those expressly contained herein, and it supersedes any other such
promises, warranties or representations. This Agreement may not be modified or amended except in a writing signed by both you and
a duly authorized officer of the Company. This Agreement will bind the heirs, personal representatives, successors and assigns
of both you and the Company, and inure to the benefit of both you and the Company, and your and its heirs, successors and assigns.
If any provision of this Agreement is determined to be invalid or unenforceable, in whole or in part, this determination will not
affect any other provision of this Agreement and the provision in question will be modified by the court so as to be rendered enforceable.
This Agreement will be deemed to have been entered into and will be construed and enforced in accordance with the laws of the State
of California.

 

		19.	Compliance with IRC Section 409A. To the extent IRC Section 409A should apply to the payment made under this Agreement, in
no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred
by you on account of non-compliance with Section 409A.

 

If this Agreement is acceptable to you, please sign below and
return the original to me.

 

We wish you good luck in your future endeavors.

 

Sincerely,

 

 

By: /s/ Desmond Wheatley

       Desmond Wheatley, CEO

 

 

 

 

    	 	4	 

     

    

 

ACKNOWLEDGEMENT
AND ACCEPTANCE

 

I have read and hereby acknowledge and accept the
terms of the Separation Agreement stated above.

 

 

	Signature: /s/ Chris Caulson	Date: 7/27/19

 

Printed Name:
Chris Caulson

 

 

 

 

 

 

 

 

 

    	 	5Exhibit 10.10

 

EMPLOYMENT
AGREEMENT

 

This
EMPLOYMENT AGREEMENT (this “Agreement”), effective as of March 18, 2019, is entered into between Conversion
Labs, Inc., a Delaware corporation (“Company” or “Employer”), a corporation, and Stefan Galluppi (“Employee”),
an individual.

 

1. Employment,
Duties and Acceptance

 

1.1
The Employee currently serves as the Company’s Chief Technology and Operations Officer. The Company and Employee desire
to enter into this Agreement to define the terms of his employment. The Company shall employ Employee to render exclusive and
full-time services as Chief Technology and Operations Officer of the Company and its subsidiaries, and in connection therewith
to devote his best efforts to the affairs of the Company and its subsidiaries and to perform such duties as Employee shall reasonably
be directed to perform by officers of the Company. Employee shall report directly to the Company’s Chief Executive Officer.

 

1.2
Employee hereby accepts such employment and agrees to render the services set forth in Section 1.1 hereof. Employee agrees
to render such services where designated by Employer and Employee will travel on temporary trips to such other place or places
as may be required from time to time to perform his duties hereunder. During the term hereof, Employee will not render any services
for others, or for Employee’s own account, in the business of internet-based direct response marketing that in-licenses,
acquires and creates innovative and proprietary products that are sold to consumers around the world via our technology infrastructure
and relationships with agencies, third party marketers, and online advertising platforms such as Facebook, Google and Amazon and
will not render any services to any supplier or significant customer of the Company or its subsidiaries. The Employee will devote
substantially all of his business hours to, and, during such time, make the best use of his energy, knowledge and training in
advancing the Employer’s interests. The Employee will diligently and conscientiously perform the duties of the Employee’s
position within the general guidelines to be determined by the Employer. While the Employee is employed by the Company, the Employee
will keep the Company informed of any other business activities or outside employment, and will promptly stop any activity or
employment that might, in Employer’s sole determination, conflict with the Employer’s interests or adversely affect
the performance of the Employee’s duties for the Company. Employee shall undertake any and all other actions necessary for
the proper operation of the Employer’s business within the guidelines, policies and directives of the Employer. In furtherance
of Employee’s obligations hereunder, Employee shall abide by all rules, regulations and policies of Employer. Employee agrees
to abide by all supervision, orders, advice and direction of Employer. Employee agrees that he will at all times faithfully, industriously
and to the best of his ability, experience and talents, perform all the duties which may be required of and from him, pursuant
to the express and implicit terms hereof, to the satisfaction of Employer. Employee shall perform his duties at such locations
as designated by the Company. Initially, Employee shall be based in the State of California.

 

1.3
Anything contained in this Agreement to the contrary notwithstanding, Employee shall have no authority whatsoever to bind
Employer to any contracts or obligations with any third parties. Employee shall not convey or express to any third party, either
directly or indirectly, that he has any authority whatsoever to bind Employer to any contracts. Employee agrees to indemnify and
hold Employer harmless from the claims of any and all third parties who shall in any way claim that Employer is bound to an agreement
based on representations made by Employee.

 

2. Term
of Employment. This Agreement may be terminated without notice by either party at any time for any reason.

 

3. Compensation

 

3.1
As compensation for all services to be rendered pursuant to this Agreement to or at the request of Company, Company agrees
to pay Employee a salary at the rate of One Hundred Twenty Thousand and No/100ths Dollars ($120,000) per annum (the “Salary”),
payable in semi-monthly installments each month during Employee’s Term of Employment.

 

     

     

    

 

3.2
The Salary set forth hereinabove shall be payable in accordance with the regular payroll practices of the Company for employees.
All payments hereunder shall be subject to the provisions of Section 4 hereof.

 

3.3
Employee shall be eligible to participate in all health, medical, dental, life insurance and stock option employee benefits
as are available from time to time to other key executive employees (and their families) of the Company.

 

3.4
Employee shall be entitled to 3 weeks of paid vacation per year.

 

3.5
In addition to Employee’s Salary as stated herein, Employee shall be eligible for an annual discretionary bonus of up
to 100% of Employee’s Salary.

 

4. Termination

 

4.1
Upon the termination of this Agreement for any reason all bonuses set forth in this Agreement which have not yet been paid
as of the date of termination (whether or not same have otherwise been fully or partially earned) shall be forfeited by Employee
and Employee shall have no further rights to such compensation or bonuses.

 

5. Protection
of Confidential Information

 

5.1
Employee acknowledges that during the Term of this Agreement he will have access to, knowledge of and familiarity with the
business of Company, its trade secrets and its other confidential information including, without limitation, client lists, client
proposals, designs, scientific and technical information, marketing strategies, research and development data, inventions, discoveries,
manufacturing methods, sales procedures, customer lists, future business plans, formulas, pricing, methods of operation and products
which are of value to Company and not generally known to the public. In order to induce Company to enter into this Agreement,
and to protect the Company’s proprietary interest in its trade secrets and confidential information, Employee agrees that
at all times during the Term of this Agreement, or any extension, renewal, modification or amendment of the same, and for a period
of two years after the termination of this Agreement, Employee shall not directly or indirectly, without the prior written consent
of Company, disclose or divulge to any third parties, or otherwise use or suffer to be used, any of the trade secrets and confidential
information as described herein of Company.

 

5.2
All documents, records, tapes, and other media of every kind and description relating to the business, present or otherwise,
of the Company or its subsidiaries and any copies, in whole or in part, thereof (the “Documents”), whether or not
prepared by the Employee, shall be the sole and exclusive property of the Company. The Employee shall safeguard all Documents
and shall surrender to the Company at the time his consultancy terminates, or at such earlier time or times as the Company may
specify, all Documents then in the Employee’s possession or control.

 

6. Covenant
Against Solicitation of Customers. Employee agrees that during the Term of this Agreement and for a period of two (2) years
immediately following termination of this Agreement, Employee shall not, on his own behalf or on behalf of any person, firm, partnership,
association, corporation or business organization, entity or enterprise, solicit, contact, call upon, communicate with or attempt
to communicate with any customer or prospect of the Company, or any representative of any customer or prospect of the Company,
with a view to the selling or providing of any program, product or service competitive or potentially competitive with any program,
product, equipment or service sold or provided or under development by the Company during a period of two (2) years immediately
preceding termination of this Agreement, provided, however, that the restrictions set forth in this Section 6 shall apply only
to customers or prospects of the Company, or representatives of customers or prospects of the Company, with which Employee had
contact during such two-year period. The actions prohibited by this section shall not be engaged in by Employee, directly or indirectly,
whether as manager, owner, sales or service representative, agent, engineer, technician or otherwise. Employee hereby confirms
and acknowledges that the covenant set forth in this Section is reasonable, appropriate and necessary to protect the interest
of the Employer, and will not cause undue hardship on Employee.

 

7. Covenant
against Competition. Employee hereby expressly covenants and agrees that Employee will not during the Term of this
Agreement engage in any activity in competition with the business activities of Employer. Employee further agrees that for a
period of two (2) years immediately following termination of this Agreement, within a fifty (50) mile radius of the address
where Employee is working as of the date of the termination of this Agreement, Employee shall not for any reason whatsoever,
conduct any activity that is competitive with the activities Employee conducted for Employer within one year prior to the
termination of this Agreement.

 

    2

     

    

 

8. Covenant
against hiring employees of Employer. During the Term of this Agreement and through the period ending two (2) years after
the termination of this Agreement, Employee agrees that he will not for any reason whatsoever, recruit, employ or attempt to recruit
or employ or assist anyone else in recruiting or employing any employee of the Company.

 

9. Tolling
of Restrictive Covenants. In the event the enforceability of any of the terms of Sections 5, 6, 7 or 8 of this Agreement shall
be challenged in court and Employee is not enjoined from breaching any of the protective covenants contained in Sections 5, 6,
7 or 8 hereof, then if a court of competent jurisdiction finds that the challenged protective covenant is enforceable, the time
periods described in the challenged Section(s), or Paragraph(s), shall be deemed tolled upon the filing of the lawsuit in which
the enforceability of the covenant is challenged until the dispute is finally resolved and all applicable appeal rights have expired.

 

10. Attorney
Fee Indemnification for Enforcement of the Provisions of this Contract. The parties hereto agree that if either party is forced
to engage the services of an attorney at law to enforce any of the provisions of this Agreement and is successful in so enforcing
the provisions of this Agreement, the losing party shall indemnify the prevailing party for all attorney’s fees incurred
by the prevailing party in bringing such an action to enforce said provisions.

 

11. Notices

 

11.1
All notices, requests, consents and other communications required or permitted to be given hereunder shall be in writing and
shall be deemed to have been duly given if delivered personally or sent by prepaid telegram, or mailed first-class, postage prepaid,
as follows:

 

If
to Employee:

 

	 	Stefan Galluppi	 
	 	121 15th st. Huntington Beach CA. 92649	 
	 	 	 
	 	Email: stefan@conversionlabs.com	 

 

With
a copy to:

	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

If
to Company:

 

Conversion
Labs, Inc.

Attn:
Justin Schreiber, Chief Executive Officer

Email:
justin@jlsventures.com

 

With
a copy to:

 

Lucosky
Brookman LLP

101
Wood Avenue South, Fifth Floor

Woodbridge,
NJ 08830

Attn:
Lawrence Metelitsa

Email:
lmetelitsa@lucbro.com 

 

Or
to other addresses as either party may specify by written notice to the other as provided in this Article 11.1.

 

    3

     

    

 

12.
General

 

12.1
Employee acknowledges and warrants that his breach of any of the provisions contained in Sections 5, 6, 7 or 8 hereof would
result in irreparable damage and injury to Employer which injury could not be adequately compensated by money damages or other
legal remedies. Accordingly, in the event of such a breach of any of the provisions of Sections 5, 6, 7 or 8 hereof, in addition
to any remedies which may be available to Employer, Employer may seek equitable relief for such breaches, including, without limitations,
an injunction or an order for a specific performance. If Employer seeks to enjoin Employee from breaching any such provision of
Sections 5, 6, 7 or 8, Employee hereby waives the defense that Employer has or will then have an adequate remedy at law. Nothing
in this Section shall be deemed to limit Employer’s remedies at law or in equity for any breach by Employee of any provision
of this Agreement which may be pursued or availed by Employer. Furthermore, nothing in this Paragraph 12.1 or otherwise contained
in this Agreement shall limit, abridge or modify the rights of Employer in and to its trade secrets and confidential information
under any applicable trade secret, trademark, patent, unfair competition or other law of the United States or any other jurisdiction.

 

12.2
This Agreement sets forth the entire agreement and understanding of the parties hereto, and supersedes all prior agreements,
arrangements, and understandings. Nothing herein contained shall be construed so as to require the commission of any act contrary
to law and wherever there is any conflict between any provision of this Agreement and any present or future statute, law, ordinance
or regulation, the latter shall prevail, but in such event the provision of this Agreement affected shall be curtailed and limited
only to the extent necessary to bring it within legal requirements. Without limiting the generality of the foregoing, in the event
that any compensation or other monies payable hereunder shall be in excess of the amount permitted by any such statute, law, ordinance,
or regulation, payment of the maximum amount allowed thereby shall constitute full compliance by Company with the payment requirements
of this Agreement.

 

12.3
No representation, promise, or inducement has been made by either party that is not embodied in this Agreement, and neither
party shall be bound by or liable for any alleged representation, promise, or inducement not so set forth.

 

12.4
The provisions of this Agreement shall inure to the benefit of the parties hereto, their heirs, legal representatives, successors,
and assigns. This Agreement, and Employee’s rights and obligations hereunder, may not be assigned by Employee. Company may
assign its rights, together with its obligations, hereunder in connection with any sale, transfer or other disposition of all
or substantially all of its business and assets. Company may also assign this Agreement to any affiliate of Company; provided,
however, that no such assignment shall (unless Employee shall so agree in writing) release Company of liability directly to Employee
for the due performance of all of the terms, covenants, and conditions of this Agreement to be complied with and performed by
Company. The term “affiliate”, as used in this agreement, shall mean any corporation, firm, partnership, or other
entity controlling, controlled by or under common control with Company. The term “control” (including “controlling”,
“controlled by”, and “under common control with”), as used in the preceding sentence, shall be deemed
to mean the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of
such corporation, firm, partnership, or other entity, whether through ownership of voting securities or by contract or otherwise.

 

12.5
This Agreement may be amended, modified, superseded, cancelled, renewed or extended, and the terms or covenants hereof may
be waived, only by a written instrument executed by both of the parties hereto, or in the case of a waiver, by the party waiving
compliance. The failure of either party at any time or times to require performance of any provisions hereof shall in no manner
affect the right at a later time to enforce the same. No waiver by either party of the breach of any term or covenant contained
in this Agreement, whether by conduct or otherwise, in any one or more instances, shall be deemed to be, or construed as, a further
or continuing waiver of any such breach, or a waiver of the breach of any other term or covenant contained in this Agreement.

 

12.6
This Agreement shall be governed by and construed according to the laws of the State of New York applicable to agreements
to be wholly performed therein.

 

    4

     

    

 

12.7 The
parties hereto expressly agree that it is not the intention of the parties hereto to violate any public policy, statutory or
common law rules, regulations, treaties or decisions of any government or agency thereof. If any provision of this
Agreement is judicially or administratively interpreted or construed as being in violation of any such provision, such
articles, sections, paragraphs, sentences, words, clauses or combinations thereof shall be inoperative in such jurisdiction
and the remainder of this agreement shall remain binding upon the parties hereto and in full force and effect.

 

12.8
WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM OR IN ANY
WAY CONNECTED WITH THIS AGREEMENT, OR ANY OTHER AGREEMENTS EXECUTED IN CONNECTION HEREWITH. OR THE ADMINISTRATION THEREOF OR ANY
OF THE TRANSACTIONS CONTEMPLATED HEREIN OR THEREIN. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE BUYER TO ENTER INTO THIS AGREEMENT.

 

(See
following page for execution signatures)

 

    5

     

    

 

IN
WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of March [DATE], 2019.

 

	“COMPANY” or “EMPLOYER”	 	“EMPLOYEE”
	 	 	 
	Conversion Labs, Inc., 

a Delaware corporation	 	 
	 	 	 	 
	By:	/s/ Justin Schreiber	 	/s/ Stefan Galluppi
	Print Name 	Justin Schreiber	 	Stefan Galluppi, an individual
	Print Title	CEO	 	 
	 	 	 	 
	March 18, 2019	 	3-18-19
	Date	 	 	Date

 

 

6

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