Document:

Statement of Work

 

EXHIBIT 10.4

Statement of Work

The following Statement of Work (SOW) to be agreed by the parties under this Agreement in respect of any Services requested by the Client where applicable and agreed by the parties:

Sandbx Corp.

and

Wewards Inc.

This SOW is entered into between Wewards Inc. (hereafter Client) and Sandbx Corp. (hereafter Sandbx) on January 4, 2021. The Terms and Conditions below apply to this Statement of Work in full and any modifications to these terms and conditions should be included in this Statement of Work.

Sandbx Corp. shall supply professional services in accordance with the Work Breakdown Estimate (Sandbx Services).

Prepared for: Lei Pei, Wewards Inc.

Prepared by: Sandbx Corp.

 

Statement of Work

Project Summary

Wewards Inc. is looking to engage Sandbx Corp in development and improvements of a web based MMO game.

Work Breakdown

Sandbx Corp will provide the services of Product Manager, Business Analyst, Front End, Back End, Quality Assurance and Design professionals at an hourly rate of $50 / hr. 

Payment Instructions

We accept Wire, ACH or Credit Card payment. A 3% fee is added to all Credit Card payments. 

Email for financial / accounting inquiries: finance@sandbx.co 

ACH / Wire Instructions:

Wire / ACH Instructions: 

Routing Number: 031101169 

Account number : 875101167778 

SANDBX CORP, 10 Grace Ave, Ste 4, Great Neck, NY 11021 

Bank Name: Bancorp 

Bank Address: 401 Warren St Suite 300 Redwood City, CA 94063

CC Payments: 

Please email finance@sandbx.co if you would like to pay via a CC. 

Signatures & Invoice Information

/S/ Uri Soroka

/S/ Lei Pei

_________________

______________________

By: Uri Soroka

By: Lei Pei

Sandbx Corp.

Wewards, Inc.

CEO

CEO

 

Terms and Conditions 

1. SERVICES 

1.1. Sandbx will provide various services to Client including, but not limited to oustaffing, project management, business analysis, software development, quality assurance engineering, graphic, user interface, and user experience design (“Sandbx Services”). 

1.2. The term Sandbx Services may be further defined in addendums to this Agreement or the Statement of Work (“SOW”) more specifically detailing services on a project basis. Upon receipt of written approval from Client in the form of email or other written modes of communication, Sandbx may provide additional services that are not included in this SOW. Client hereby agrees that such communication from authorized client representatives will constitute approval of such additional services. 

1.3. Sandbx and third-party subcontractors providing Sandbx Services are not engaged in the practice of law. Sandbx does not provide legal advice or representation. To achieve the highest quality and efficiency, Client and/or its counsel is responsible for reviewing Sandbx Services deliverables and work product and providing feedback on a regular basis. 

2. PAYMENT TERMS 

2.1. Price.  Client will pay Sandbx in accordance with the price terms for the Sandbx Services listed on an addendum to this Agreement, Statement of Work or invoice. If additional services are requested outside the scope of the addendum or Statement of Work, Sandbx standard rate will apply, unless the parties agree otherwise in writing. 

2.2. Taxes. Client is responsible for the payment of all applicable sales, use and/or other similar taxes (except for taxes based on Sandbx’ income or personnel costs) which may be levied or assessed in connection with this Agreement. 

2.3. Payment. Invoices will be submitted according to milestone payments defined in the SOW. A Client Deposit in the amount equivalent to the estimated value of 1 month of work must be received prior to project initiation. Client will pay Sandbx within 14 days of the date of each invoice submitted for all Sandbx Services. Sandbx’ acceptance of payment of any amount less than the full amount due will not be a waiver of the remaining amount due. Sandbx may apply any overpayment on any invoice or proposal to any other amount due from Client. 

Undisputed past due obligations will bear interest at the rate of 15% per annum, or the maximum rate allowed by law, whichever is less. Any interest charged or received greater than the maximum amount allowed by law will be applied to the principal obligations, or if none is owed, will be refunded to Client. If any undisputed Client payment becomes past due, Sandbx will have the right to retain possession of any Client property in Sandbx’ possession, and any Images produced by Sandbx, and Sandbx may suspend performance on any work in process, including but not limited to, availability of any hosted platforms or services until payment is made.  

2.4. Commencement of Work.  Sandbx will begin processing of Client work upon receipt of a signed Statement of Work (SOW) or email approval from the Client and Client Deposit. 

2.5. Disputed Amounts.  Client may dispute any amounts invoiced provided that the dispute is made in good faith. Any amounts disputed may be deducted from the invoice; however, a disputed amount does not relieve the Client from payment obligations for the remainder of the invoice. The remainder amount of any invoice containing a disputed amount must be paid within 30 days of the date of the invoice. The disputed amount and the reasons for disputing the amount must be submitted to Sandbx in writing within 14 calendar days of receipt of the invoice. Sandbx will work together with Client in good faith to resolve such disputes in a mutually acceptable manner. Client agrees to pay any disputed amounts within 5 business days once the dispute has been resolved. 

3. SERVICE LEVEL AGREEMENT 

3.1. Operation. Sandbx will use its best efforts to maintain availability of provided services, except for specific scheduled downtime periods during which Sandbx may shut down access to the Services for system upgrades, maintenance and backup procedures (“Scheduled Downtime”). Unless otherwise agreed to in writing by Sandbx and the Client, the Scheduled Downtime shall occur after three days advance notice to the Client and no more than once per month. In addition, there may be events that from time to time will services and support inaccessible for a limited amount of time due to unforeseen, unavoidable software, hardware, network, power and/or Internet outages (“Unscheduled Downtime”). Sandbx will use its best efforts to ensure that Scheduled Downtime and Unscheduled Downtime cause the availability percentage to be no less than ninety-nine and three-tenths percent (99.3%) in each calendar year. 

3.2. Disaster Recovery. Where applicable, Sandbx shall (a) cooperate with Client in participating, testing and implementing a disaster recovery plan (“DRP”) as part of Client’s own business continuity plan; (b) update and test the operability of the DRP to ensure that the DRP is fully operational; (c) certify to Client at least once during every six-month period that data is being stored for Client that the DRP is fully operational; and (d) implement the DRP upon the occurrence of a disaster. In the event the applicable Services are not reinstated within the applicable Service Levels, Client may terminate this Agreement, in whole or in part, without further liability other than for payment for services already performed by Sandbx prior to a services interruption. In the event of a disaster, Sandbx shall not increase its charges under any Services Schedule under this Agreement or charge Client usage fees in addition to the charges set forth in this Agreement. 

 

3.3. Storage of Data. Upon conclusion of any Client project, and for a period of sixty (60) days after delivery to Client of all client data (the “Standard Storage Period”), Sandbx will store a copy of such client data provided to Client. After the foregoing Standard Storage Period, Sandbx may erase, write over, destroy or discontinue storage of any client data without any liability or obligation to Client. 

3.4. Client Inspection. Client (or Client’s counsel) shall review completely all services, documents and/or data delivered by Sandbx (“Deliverables”) to determine whether any Deliverables or any other aspect of the Sandbx Services fail to conform to the requirements of this Agreement. Client (or Client’s counsel) must notify Sandbx of every failure to conform to the requirements of this Agreement or any addendum incorporated herein, or any other complaints about Sandbx Services within 60 days after delivery. Notice shall be by direct communication with the Sandbx project manager assigned to this matter by electronic mail or certified mail. If Sandbx receives any such notice from Client (or Client’s counsel), Sandbx will provide the services necessary to comply with the requirements of this Agreement or any addendum incorporated herein within a reasonable amount of time. If Client (or Client’s counsel) does not notify Sandbx as required above, then it will be deemed conclusive that Sandbx provided the Sandbx Services and the Deliverables as required by this Agreement or any addendum incorporated herein; that Client accepted all Deliverables; and that Client did not reject any of the Deliverables. 

4. CONFIDENTIALITY 

4.1. Confidential Information.  "Confidential Information" shall mean any non-public information of the other Party that is designated as confidential, or that the receiving Party knew or reasonably should have known was confidential because it derives independent value from not being generally known to the public. Without limiting the generality of the foregoing, the terms and conditions of this Agreement shall be considered Client and Sandbx Confidential Information. Confidential Information shall not include any information which: (a) a Party can demonstrate was rightfully in its possession prior to the date of disclosure to it by the other Party; (b) at the time of disclosure or later, is published or becomes part of the public domain through no act or failure to act on the part of a Party; (c) a Party has developed independently without reference to any Confidential Information of the other Party; or (d) a Party can demonstrate came into its possession from a third party who had a bona fide right to make such information available. 

4.2. The Party receiving Confidential Information will not at any time disclose to any person or use for its own benefit or the benefit of anyone, Confidential Information of the other Party without the prior written consent of said Party. Each Party shall limit disclosure of Confidential Information to its employees or agents who have a need to know related to the Parties' business relationship for a minimum period of 2 years. 

4.3. Upon termination of a Services Schedule or this Agreement, the recipient of Confidential Information shall promptly deliver to the other Party or destroy any and all such information in its possession or under its control, and any copies made thereof which the recipient of said information may have made, except as the Parties by prior express written permission have agreed to retain. 

4.4. Neither Party shall be liable for disclosure of Confidential Information if made in response to a valid order of a court or authorized agency of government; provided that, if available, five (5) days' notice first be given to the other Party so a protective order, if appropriate, may be sought by such Party. The Parties acknowledge and agree that a breach of its obligations under this Section may cause harm to the other Party for which monetary damages are not a sufficient remedy. In such event the Parties understand and agree that the non-defaulting Party shall be entitled to seek to obtain from a court of appropriate jurisdiction immediate injunctive or other equitable relief to which it may be entitled under the circumstances in addition to other remedies allowed under this Agreement and under applicable law. 

5. PERSONALLY IDENTIFIABLE INFORMATION 

5.1."Personally Identifiable Information,” includes any information that can be associated with or traced to any individual, including an individual’s name, address, telephone number, e-mail address, credit card information, social security number, or other similar specific factual information, regardless of the media on which such information is stored (e.g., on paper or electronically) and includes such information that is generated, collected, stored or obtained as part of this Agreement. Sandbx will comply with all applicable privacy and other laws and regulations relating to protection, collection, use, and distribution of Personally Identifiable Information, including Credit Card Company Regulations if the Services, collect, process or store credit card information. 

5.2.As between Client and Sandbx, Personally Identifiable Information is the exclusive property of Client and will be deemed Client Materials under the applicable provisions of this Agreement. 

5.3. Sandbx will not, without the prior written consent of an authorized representative of Client, use Personally Identifiable Information for any purpose other than to provide the Services under this Agreement. In no event may Sandbx (a) use Personally Identifiable Information to market its services or those of a third party, or (b) sell or transfer Personally Identifiable Information to third parties, or (c) otherwise provide third parties with access thereto. 

5.4. Without limiting its other obligations under this Agreement, Sandbx agrees that all such information under its control will be secured from unauthorized access, use, disclosure and loss using commercially acceptable security practices and technologies. 

 

5.5. If there is a suspected or actual breach of security involving Personally Identifiable Information Sandbx will notify Client within twelve (12) hours of becoming aware of such occurrence. Sandbx shall provide Client with access to Personally Identifiable Information at any time as Client may request. Upon termination of this Agreement all Personally Identifiable Information in the possession of Sandbx will be provided to Client in a manner reasonably requested by Client and all copies will be permanently removed from all Sandbx systems, records and backups and all subsequent use of such information by Sandbx will cease. 

 

6.

REPRESENTATIONS, WARRANTIES & COVENANTS. 

6.1. Compliance with Laws. Sandbx warrants that the Services will not violate, and Sandbx will obtain all permits required to comply with, any applicable law, rule, regulation, ordinance, order, direction and regulation (as they may be amended from time to time) of the applicable government agencies having jurisdiction over the provision and use of the Services. 

6.2. Mutual Obligations. Each party represents, warrants, and covenants that: (a) it has the requisite power and authority to execute, deliver and perform its obligations under this Agreement; (b) it is in compliance with all applicable laws related to such performance, including it having obtained all necessary permits and licenses; and (c) it is authorized to deliver data and information to perform requested services. 

6.3. Loss or Damage.  Client assumes all risk or loss or damage related to Client’s documents or other materials provided to Sandbx, except as provided in this Agreement. Sandbx will use reasonable care when any documents or other materials are provided to Sandbx by Client or at the request or direction of Client; during the time such documents and materials are in Sandbx’ offices. Sandbx may deliver Client’s documents, other materials and client data by any commercial or employee delivery. 

6.4. Client Indemnity.  Client will indemnify Sandbx against all claims for damages made by any third party relating to any imaging, copying, retention or storage or possession of any Client documents or data by Sandbx on any paper, media, or other form, and/or related to Sandbx providing data to Client or to any other party at Client’s request, and Client will defend Sandbx against all such claims (using counsel approved by Sandbx and Client).  Client agrees to defend, indemnify and hold harmless Sandbx, its officers, directors and employees (collectively, “Sandbx Indemnitees”) from and against any and all claims, damages, costs, expenses (including reasonable attorneys’ fees), or other liabilities of any nature incurred or asserted against Sandbx Indemnitees to the extent that such claims, damages, costs, expenses, or other liabilities are caused by (a) the negligence, fraud or misconduct of Client, its employees, agents, officers or directors; (b) any breach of warranty or (c) failure of Client to comply with the terms hereof. 

6.5. Sandbx Indemnity. Sandbx agrees to defend, indemnify and hold harmless Client, its officers, directors and employees (collectively, “Client Indemnitees”) from and  against any and all claims, damages, costs, expenses (including reasonable attorneys’ fees), or other liabilities of any nature incurred or asserted against Client Indemnitees to the extent that such claims, damages, costs, expenses, or other liabilities are caused by (a) the negligence, fraud or misconduct of Sandbx, its employees, agents, officers or directors; (b) any breach of warranty or (c)  failure of Sandbx to comply with the terms hereof. Neither party shall be liable hereunder for any consequential or indirect loss or damage or any other special or incidental damages incurred or suffered by the other. Sandbx’s liability shall be limited in all cases to a maximum of $50,000. Sandbx will never be liable for any damage caused wholly or partially by Client’s delivery of damaged documents, data, media or other materials to Sandbx. 

6.6. Limited Warranty.  Sandbx shall perform the services in good faith and in a timely and professional manner. Sandbx shall exercise the same level of professional care commonly found in services business in carrying out the terms of this Agreement. THE FOREGOING LIMITED WARRANTY IS Sandbx’ SOLE WARRANTY FOR ANY SERVICES AND/OR PRODUCTS PROVIDED HEREUNDER OR ARISING OUT OF THIS AGREEMENT, AND IS IN LIEU OF ALL OTHER REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS, IMPLIED, STATUTORY OR OTHERWISE, INCLUDING, BUT NOT LIMITED TO, ANY IMPLIED WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT AND FITNESS FOR A PARTICULAR PURPOSE, ALL SUCH WARRANTIES BEING HEREBY FULLY DISCLAIMED. 

 

7.

OWNERSHIP OF SOFTWARE 

7.1.

Sandbx assigns to Client its entire right, title and interest in perpetuity and throughout the universe on anything created or developed by Sandbx for Client under this Agreement including source code, all patents, intellectual property copyrights, trade secrets and other proprietary rights. This assignment is conditioned upon full payment of the compensation due to Sandbx under this Agreement. 

7.2.

Sandbx shall not retain right or title to any of the products developed or services rendered in connection with the services. Sandbx cannot sell, transfer, publish or otherwise make the Work Product available to third parties. Any rights granted to Sandbx under this Agreement shall not affect Client's exclusive ownership of the software package. Sandbx can publish the description of the finished projects for marketing purposes and is obliged to include the reference to Client as an owner of any and all any intellectual property created during the term of this agreement. 

7.3.

Sandbx leaves the right to publish the application of Client in Sandbx Portfolio without disclosing any previously information covered by an NDA signed between the Parties with the prior written consent of Client, which consent will not be unreasonably withheld. 

 

 

8.

WARRANTY 

8.1.

Warranty of Software Performance: Sandbx warrants that for 30 days following acceptance of the Software by Client, the Software will be free from material reproducible programming errors and defects in workmanship and materials, and will substantially conform to the Specifications when maintained and operated in accordance with Sandbx 's instructions. If material re producible programming errors are discovered during the warranty period, Sandbx shall promptly remedy them at no additional expense to Client. This warranty to Client shall be null and void if Client is in default under this Agreement or if the non-conformance is due to: 

A.

Hardware failures due to defects, power problems, environmental problems or any cause other than the Software itself; 

B.

Modification of the Software operating systems or computer hardware by any party other than Sandbx; or 

C.

Misuse, errors or negligence of Client, its employees or agents in operating the Software. Sandbx shall not be obligated to cure any defect unless Client notifies it of the existence and nature of such defect promptly upon discovery. 

8.2.

Warranty of Title: Sandbx owns and has the right to license or convey to Client title to the Software and documentation covered by this Agreement. Sandbx will not grant any rights or licenses to any intellectual property or technology that would conflict with Sandbx 's obligations under this Agreement. 

8.3.

Warranty against Disablement: Sandbx expressly warrants that no portion of the Software contains or will contain any protection feature designed to prevent its use. This includes, without limitation, any computer virus, worm, software lock, drop dead device, Trojan-horse routine, trap door, time bomb or any other codes or instructions that may be used to access, modify, delete, damage or disable Client's Software or computer system. Sandbx further warrants that it will not impair the operation of the Software in any way other than by order of a court of law. 

9.

INTELLECTUAL PROPERTY INFRINGEMENT CLAIMS 

9.1.

Sandbx warrants that Sandbx will not knowingly infringe on the copyright or trade secrets of any third party in performing services under this Agreement. To the extent any material used by Sandbx contains matter proprietary to a third party, Sandbx shall obtain a license from the owner permitting the use of such matter and granting Sandbx the right to sub-license its use. Sandbx will not knowingly infringe upon any existing patents of third parties in the performance of services required by this Agreement. 

If any third party brings a lawsuit or proceeding against Client based upon a claim that the Software breaches the third party's patent, copyright or trade secrets rights, and it is determined that such infringement has occurred, Sandbx shall hold Client harmless against any loss, damage, expense or cost, including reasonable attorney fees, arising from the claim. 

This indemnification obligation shall be effective only if: 

A.

The third party intellectual property rights involved were known to Sandbx prior to delivery of the Software 

B.

Client has made all undisputed payments required by this Agreement 

C.

Client has given prompt notice of the claim and permitted Sandbx to defend, and 

D.

The claim does not result from Client's modification of the Software. 

 

10.

TERMINATION 

10.1.

Either party may elect to terminate this Agreement by providing written notice to the other party. Termination notice is required 60 day prior to final day of notice of termination. This Agreement’s Termination Date is defined as the date that notice of termination is received by the non-terminating party. Should Client elect to terminate this Agreement, Client will still be charged and responsible for all services performed by Sandbx prior to the date of termination, in addition to, all monthly charges for services fees invoiced for the month in which the Termination Date falls. Client will not be due any pro-rata refunds or offsets for days left in the month following the Termination Date. 

11.

COMMUNICATIONS 

11.1.

Notices. Notices of default shall be sent by e-mail and certified mail to the parties contacts provided below. All certificates, reports, records, subordinate agreements (and their applicable amendments), notices, requests, demands and other communications under this Agreement shall be in writing and sent by e-mail and shall be deemed to have been duly given: (a) on the date of service if served personally on the party hereto to whom notice is to be given; (b) on the date of confirmed transmission if sent via facsimile to the number given below, and telephonic confirmation of transmission is obtained promptly after completion of transmission, and followed by mail delivery; (c) on the day after delivery to commercial or postal overnight carrier service; or (d) on the fifth day after mailing, if mailed to the party to whom such notice is to be given, by first class mail, registered or certified, postage prepaid and properly addressed, to the party as follows: 

If to Sandbx: 

 Sandbx Corp

77 Water St., 8th Floor

New York, NY 10004

 

If to Client: 

Wewards Inc., Attn: Lei Pei

2960 W Sahara Ave, Las Vegas, NV 89102

 

Any party hereto may change its address for the purpose of this section by giving the other party timely, written notice of its new address in the manner set forth above. Failure by either party to timely and fully deliver any documents required pursuant to this Agreement shall not constitute a waiver of their obligations hereunder. 

12.

MISCELLANEOUS 

12.1. 12.2.

Client Authority. The person signing this Agreement below represents that he/she is authorized to execute this Agreement on behalf of the Client. 

Dispute Resolution. If a dispute arises under this Agreement, the parties agree to first try to resolve the dispute with the help of a mutually agreed-upon mediator in the following location: New York, NY. Any costs and fees other than attorney fees associated with the mediation shall be shared equally by the parties. 

12.3.

Applicable Law, Venue and Jurisdiction. This Agreement shall be governed by the laws of the State of New York. Any action brought by Sandbx or Client which refers or relates to this Agreement, the Sandbx Services shall be brought in, and each party hereby consents to the jurisdiction of and venue in the courts in Southern District of New York.  

12.4.

Attorneys’ Fees and Court Costs. If either party to this Agreement is forced to bring legal action to prosecute claims arising from obligations bound by this Agreement, the prevailing party in such action will have the right to recover all reasonable attorneys’ fees and court costs from the non-prevailing party. 

12.5.

Relationship of the Parties.  Nothing in this Agreement shall be construed as creating any agency or partnership between the parties and neither party shall have any express or implied power or authority to act on or make any representations whatsoever on behalf of the other party. 

12.6.

No Rights of Third Parties. This Agreement does not create any right enforceable by any person who is not a party, except that the terms of this Agreement may be enforced by any affiliate of any Party hereto. 

12.7.

Cumulative Remedies.  All remedies available to either party for breach of this Agreement are cumulative and may be exercised concurrently or separately, and the exercise of any one remedy shall not be deemed an election of such remedy to the exclusion of other remedies. 

12.8.

Natural Disaster/Force Majeure. Regardless of any other provision in this Agreement, Sandbx will not be liable for any damages, for any delay or failure in performance of any part of this Agreement, or for any damage to or loss of Client documents or other materials held by Sandbx pursuant to this Agreement, to the extent that such delay, failure, damage, or loss results, wholly or partially, from causes beyond Sandbx’ control; including but not limited to: fire, flood, explosion, war, labor dispute, embargo, government requirement, civil or military authority, natural disasters, or other similar situation. If any such situation occurs, Sandbx will make reasonable efforts to give prompt notice to Client and, in the case of a delay or failure in performance, Sandbx will use commercially reasonable efforts to resume performance of the Agreement, to the extent possible, as soon as practicable after the cessation of the situation. 

12.9.

Headings. The headings of the sections, subsections and paragraphs of this Agreement are inserted for convenient reference only and are not intended to be part of or to affect the meaning or interpretation of this Agreement. 

12.10.

Amendments/Counterparts. No amendment, waiver or modifications to this Agreement shall be valid or enforceable unless in writing, and executed by the authorized   representatives of Client and Sandbx. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original. Facsimile of a party’s authorized representative’s signature and electronic signatures shall be deemed to be binding upon such party, unless otherwise prohibited by law. 

12.11.

Severability. If any provision of this Agreement is held to be unenforceable, the parties shall substitute for the affected provision an enforceable provision that approximates the intent and economic effect of the affected provision and the remaining provisions hereof shall be unimpaired and shall remain in full force and effect. 

12.12.

Assignment. Neither Client nor Sandbx may assign, by operation of law or otherwise (including, without limitation, by means of outsourcing), this Agreement, in whole or in part, without the prior written consent, which consent will not be unreasonably withheld.  

12.13.

Waiver; Remedies Non-Exclusive.  No failure or delay on the part of any party in exercising any right or remedy provided in this Agreement shall operate as a waiver thereof; nor shall any single or partial exercise of or failure to exercise any such right or remedy preclude any other or further exercise thereof or the exercise of any other right or remedy provided herein or at law or in equity. Except as expressly provided herein, no remedy specified in this Agreement is intended to be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to every other right or remedy provided herein or available at law or in equity. 

12.14. Amendment. This Agreement may be modified or amended only by written agreement executed by both parties. 

12.15 Entire Agreement.  This Agreement, together with the attached Exhibits, supersedes all prior written or oral agreements, understandings and discussions between Sandbx and Client.Exhibit
10.1

 

EMPLOYMENT
AGREEMENT

 

This
EMPLOYMENT AGREEMENT (“Agreement’) is made effective as of January 11, 2021 (the “Effective Date”),
by and between CONVERSION LABS PR, LLC a Puerto Rico limited liability company (the “Company”) that qualifies
under Act No. 20 of 2012 (“Export Services Act”), and Anthony Puopolo, MD, an individual and resident of the Commonwealth
of Puerto Rico (the “Employee”). The Company and Employee are hereinafter sometimes referred to collectively
as the “Parties” and individually as a “Party.”

 

WlTNESSETH:

 

WHEREAS,
the Company desires to employ, and Employee agrees to work in the employ of the Company; and

 

WHEREAS,
the Parties hereto desire to set forth the terms of Employee’s employment with the Company.

 

NOW,
THEREFORE, for and in consideration of the mutual promises, covenants and obligations contained, the Company and Employee hereby
agree as follows:

 

1.
Employment and Location. The Company hereby employs Employee, and Employee hereby accepts employment by the Company, on
the terms and conditions hereinafter set forth.

 

2.
Duties and Responsibilities.

 

(a)
Position and Duties. Commencing as of the Effective Date, Employee shall serve in the position of Medical Director. During
the Employment Term, Employee shall (i) be subject to all of the Company’s policies, rules and regulations applicable to
its executives, (ii) report to, and be subject to the direction and control of, the Chief Executive Officer, and (iii) perform
such duties commensurate with Employee’s position as shall be assigned to Employee.

 

(b)
Standard of Performance. Employee agrees that he will at all times faithfully and industriously and to the best of his
ability, experience, and talents perform all the duties that may be required of and from him pursuant to the terms of this Agreement
and consistent with his position. Such duties shall be performed at such place or places as the interests, needs, business, and
opportunities of the Company shall reasonably require or render advisable.

 

(c)
Exclusive Service.

 

(i)
Employee shall devote substantially all of his business energies and abilities to the performance of his duties under this Agreement
(reasonable absences during holidays and vacations excepted), and shall not, without the prior written consent of the Company,
render to others any service of any kind (whether or not for compensation) that would materially interfere with the performance
of his duties under this Agreement, and

 

(ii)
Employee shall not, without the prior written consent of the Company, maintain any affiliation with, whether as an agent, consultant,
employee, officer, director, trustee or otherwise, nor shall he directly or indirectly render any services of an advisory nature
or otherwise to, or participate or engage in, any other competing business activity.

 

    	1

    	 

    

 

3.
Term of Employment. This Agreement and the employment relationship and terms hereunder shall continue from the Effective
Date until Employee’s employment is terminated by either the Company or Employee pursuant to Section 6 (the “Employment
Term”).

 

4.
Compensation. During the Employment Period, the Company shall pay the amounts and provide the benefits described in this
Section 4, and Employee agrees to accept such amounts and benefits in full payment for Employee’s services under this Agreement.

 

(a)
Base Salary. The Company shall pay Employee a base salary at the rate of Three Hundred Thousand Dollars ($300,000) per
year (the “Base Salary”), in accordance with the customary payroll practices of the Company applicable to executives.
During the Employment Term, the Company’s Compensation Committee of the Board shall review the Base Salary and may provide
for such increases (but not decreases) in Base Salary as it may, in its sole and absolute discretion, deem appropriate.

 

(b)
Bonus Plans.

 

(i)
Employee shall be eligible to receive a discretionary “Performance Bonus” for each calendar year during the
Term. The Performance Bonus, if any, shall be determined on a calendar year basis in the Company’s sole discretion and shall
be paid as and when determined by the Board, but no later than March 15 of the calendar year following the year to which the Performance
Bonus is attributable.

 

(ii)
Employee shall further be entitled to participate in such bonus programs and plans as the Company makes available from time to
time to Company employees of comparable status, subject to, and to the extent that, Employee is eligible under such bonus programs
and plans in accordance with their respective terms.

 

(c)
Fringe Benefits. Subject to Section 4 (d) below, Employee will be entitled:

 

(i)
to participate, on the same basis as other employees of the Company, in any medical, dental, vision, life, short-term and long-term
disability insurance and flexible spending accounts (subject to certain co-payments by Employee). Employee’s participation
in such plans shall be subject to all terms and conditions of such plans, including Employee’s ability to satisfy any medical
or health requirements imposed by the underwriters of any insurance policies paid to fund the plans; and

 

(ii)
to participate after two full calendar months of employment with the Company, on the same basis as other employees of the Company,
in the Company’s 401(k) plan, with said participation subject to all terms and conditions of such plans.

 

(d)
Deduction from Compensation. The Company shall deduct and withhold from all compensation payable to Employee all amounts
required to be deducted or withheld pursuant to any present or future law, ordinance, regulation, order, writ, judgment, or decree
requiring such deduction and withholding.

 

    	2

    	 

    

 

(f)
Initial Equity Grant. The Board has approved, and the Company hereby agrees to grant to Employee, effective as of the Effective
Date of this Agreement, options to purchase two hundred thousand (200,000) shares of the Company’s common stock (the “Options”).
A more formal Stock Option Award Agreement reflecting, in all material respects, the terms of this paragraph (and otherwise in
customary form) shall be issued to Employee upon the Company’s shareholders approving a bona fide employee stock option
plan (the “Plan”). The Options will vest in thirty six (36) monthly installments in accordance with the following
schedule (i) 5,555 shares vesting each month for 35 consecutive months beginning on the Effective Date and (ii) 5,575 shares vesting
on January 11, 2024. The Options shall vest and become exercisable in full upon the consummation of a “change in control
event” (as defined in Section 409A of the Code). All other terms of the Options shall be governed by the Plan and the Stock
Option Award Agreement. The Options are intended to be exempt from Section 409A of the Code, and shall be administered and interpreted
consistent with such intent. Except as otherwise set forth herein in Section 5 or in the Option Award Agreement, vesting of the
Options will cease upon the termination of Employee’s employment with the Company for any reason.

 

5.
TERMINATION

 

5.1
Termination by Company With Good Cause; Employee Resignation. The Company may terminate Employee’s employment at
any time, with notice for Good Cause (as defined below). Similarly, Employee may resign his employment with the Company at any
time, with notice and without Good Reason (as defined below). If the Company terminates Employee’s employment with Good
Cause, or if Employee resigns without Good Reason, then the Company shall pay Employee his base salary prorated through the date
of termination, at the rate in effect at the time notice of termination is given, together with any benefits accrued through the
date of termination (collectively the “Accrued Benefits”). In addition, all options agreements for all options to
purchase the common stock of the Company granted to Employee during his employment with the Company (the “Employee Options”)
shall provide that, notwithstanding any contrary provisions in the Conversion Labs, Inc. 2020 Equity Incentive Plan (the “Plan”),
in the event Employee’s employment is terminated by the Company with Good Cause, the Employee Options to the extent then
vested and exercisable as of the date Employee’s employment is terminated, and not previously terminated in accordance with
such option agreements and the Plan, may be exercised within twelve (12) months after such termination date, or on or prior to
the such option expiration date (as specified and defined in the respective stock option grant notices for the Employee Options),
whichever is earlier. Except with respect to any outstanding equity compensation agreements, the Company shall have no further
obligations to Employee under this Agreement or any other agreement relating to or arising out of Employee’s status as an
employee of the Company (as opposed to some other status with respect to Company, such as a shareholder or holder of a stock option).

 

5.2
Termination Without Good Cause or for Good Reason. The Company shall have the right to terminate Employee’s employment
(with notice) without Good Cause and Employee shall have the right to terminate Employee’s employment (with notice) for
Good Reason (each a “Qualifying Termination”). If there is a Qualifying Termination then the following provisions
in this Section 5.2 shall apply:

 

(a)
The Company shall provide Employee with the Accrued Benefits;

 

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(b)
On the four (4) month anniversary of the date Employee’s termination becomes effective, The Company shall pay Employee in
a lump sum an amount equal to (4) months’ base salary (at the rate in effect at the time of termination, but disregarding
any reduction that constitutes Good Reason), plus a pro-rata share of any bonus earned for the year of termination; employee acknowledges
that any and all bonuses are at the discretion of the Board and at the advice of the Compensation Committee.

 

(c)
If Employee timely elects continued coverage under COBRA, the Company will pay Employee’s COBRA premiums necessary to continue
Employee’s coverage (including coverage for eligible dependents, if applicable) (“COBRA Premiums”) through the
period (the “COBRA Premium Period”) starting on the date of termination and ending on the earliest to occur of: (i)
six months following the date of termination or (ii) the date Employee and Employee’s eligible dependents, if applicable,
become eligible for group health insurance coverage through a new employer. In the event Employee becomes covered under another
employer’s group health plan during the COBRA Premium Period, Employee must immediately notify Company of such event.

 

To
be eligible for the severance payment provided for in this Section 5.2, Employee must have executed and not revoked a full and
complete general release of any and all claims against the Company and related persons and entities in the standard form then
used by the Company (“Release”), within 60 days of the date of termination. Upon making all of the applicable severance
payments and benefits, except with respect to any outstanding equity compensation agreements, the Company shall have no further
obligations to Employee under this Agreement or any other agreement relating to or arising out of Employee’s status as an
employee of the Company (as opposed to some other status with respect to the Company, such as a shareholder or holder of a stock
option).

 

5.3
Good Cause. For purposes of this Agreement, a termination shall be for “Good Cause” if Employee, shall:

 

(a)
Commit an act of fraud, moral turpitude, misappropriation of funds or embezzlement in connection with his duties;

 

(b)
Breach Employee’s fiduciary duty to the Company, including, but not limited to, acts of self-dealing (whether or not for
personal profit);

 

(c)
Materially breach this Agreement, the Confidentiality Agreement (defined below), or Company’s written Codes of Ethics as
adopted by the Board;

 

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(d)
Willfully, recklessly, or negligently violate any material provision of Company’s written Employee Handbook, if applicable,
or any applicable state or federal law or regulation;

 

(e)
Fail or refuse (whether willfully, recklessly or negligently) to materially comply with all relevant and material obligations,
assumable and personally chargeable to an executive of his corporate rank and responsibilities, under the Sarbanes-Oxley Act and
the regulations of the Securities and Exchange Commission promulgated thereunder (for avoidance of doubt any failure by the Company
to comply with foregoing laws and regulations shall not be imputed on to Employee for purposes of this provision);

 

(f)
Fail to or refuse to (whether willfully, recklessly or negligently) to perform the responsibilities and duties specified herein
(other than a failure caused by temporary disability and provided further that the mere failure to achieve certain goals or objectives
(provided Employee has attempted in good faith to achieve such goals and objectives) shall not constitute Good Cause);

 

(g)
Be convicted of, or enter a plea of guilty or no contest to, a felony or misdemeanor under state or federal law in a court of
competent jurisdiction, other than a traffic violation or misdemeanor not involving dishonesty or moral turpitude;

 

(h)
Fail to return any compensation amount required to be clawed back or returned to the Company by application of any applicable
law or regulation.

 

The
foregoing is an exhaustive list of the items that constitute Cause under this Agreement. Notwithstanding the foregoing, other
than with respect to clause (g), “Good Cause” shall only be found to exist if, prior to Employee’s termination
and within ninety (90) days after the Company’s initial awareness of an event of Good Cause, the Company has provided (i)
written notice to the Employee describing such Good Cause event(s), (ii) the Employee does not cure such event within ten (10)
days following the Employee’s receipt of such notice from the Company, (iii) an opportunity for the Employee, together with
counsel, to be heard before the Board or subcommittee of the Board of Directors of the Company, .

 

5.4
Death or Disability. To the extent consistent with federal and state law, upon written notice to Employee, the Company
may terminate Employee’s employment due to Employee’s Disability. Additionally, Employee’s employment shall
terminate on Employee’s death. “Disability” means (i) Employee’s inability to engage in any substantial,
gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death
or can be expected to last for a continuous period of not less than twelve (12) months, or (ii) Employee is, by reason of any
medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a
continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three
(3) months under an accident or health plan covering the Company’s employees. In the event of termination due to death or
Disability, Company shall pay Employee (or his legal representative) his base salary prorated through the date of termination,
at the rate in effect at the time of termination, together with any benefits accrued, including, but not limited to, a pro-rata
share of any bonus earned for the year of termination, through the date of termination. Any such bonus shall be payable in the
calendar year following the performance year. In addition, all option agreements for the shall provide that, notwithstanding any
contrary provisions in the Plan, in the event Employee’s employment is terminated due to Employee’s death or Disability,
any vested portion of the options not previously terminated in accordance with such option agreements and the Plan, may be exercised
within five (5) years after the termination date, or on or prior to the option expiration date (as specified and defined in the
respective stock option grant notices for such options), whichever is earlier.

 

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5.5
Return of Company Property. Within fourteen (14) days after the Employees termination of employment, Employee shall return
to the Company all products, books, records, forms, specifications, formulae, data processes, designs, papers and writings relating
to the business of the Company including without limitation proprietary or licensed computer programs, customer lists and customer
data, and/or copies or duplicates thereof in Employee’s possession or under Employee’s control. Employee shall not
retain any copies or duplicates of such property and all licenses granted to him by the Company to use computer programs or software
shall be revoked on the termination date.

 

5.6
Good Reason. For purposes of this Agreement, a termination shall be for “Good Reason” if the Company:

 

(a)
Materially reduced the duties and responsibilities assigned to Employee under this Agreement;

 

(b)
Reduced Employee’s base salary by 50% or more; or

 

(c)
Materially breached this Agreement or any other written agreement with Employee.

 

Notwithstanding
the foregoing, “Good Reason” shall only be found to exist if, prior to Employee’s resignation and within ninety
(90) days after the initial existence of an event of Good Reason, Employee has provided written notice to the Company describing
such alleged Good Reason event(s), and the Company does not cure such event within thirty (30) days following the Company’s
receipt of such notice from Employee, and the date of Employee’s termination of employment due to Employee’s resignation
for Good Reason occurs within ninety (90) days after the expiration of the foregoing thirty (30) day cure period.

 

6.
Covenants of Employee.

 

(a)
Employee will truthfully and accurately make, maintain, and preserve all records and reports that the Company may from time to
time reasonably request or require;

 

(b)
Employee will obey all rules, regulations and reasonable special instructions applicable to Employee, and will be loyal and faithful
to the Company at all times, constantly endeavoring to improve Employee’s ability and knowledge of the business in an effort
to increase the value of Employee’s services to the mutual benefit of the Parties;

 

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(c)
Employee will make available to the Company any and all of the information of which Employee has knowledge relating to the business
of the Company or any of the Company’s other Subsidiaries and will make all suggestions and recommendations which Employee
feels will be of benefit to the Company;

 

(d)
Employee will fully account for all money, records, goods, wares and merchandise or other property belonging to the Company of
which Employee has custody, and will pay over and deliver the same promptly whenever and however he may be reasonably directed
to do so;

 

(e)
Employee acknowledges that as a condition of employment, he must sign and comply with the Employee Confidential Information and
Inventions Assignment Agreement attached hereto as Exhibit A, which prohibits unauthorized use or disclosure of the Company’s
proprietary information, among other obligations;

 

(f)
Employee agrees that upon termination of his employment hereunder he will immediately surrender and turn over to the Company all
books, records, forms, specifications, formulae, data, processes, papers and writings related to the business of the Company,
and all other property belonging to the Company, together with all copies of the foregoing, it being understood and agreed that
the same are the sole property, directly or indirectly, of the Company;

 

(g)
Employee understands that in his performing work for the Company, he will be expected not to use or disclose any confidential
information, including trade secrets, of any former employer or other person to Employee has an obligation of confidentiality.
Rather, Employee further understands that he will be expected to use only that information which is generally known and used by
persons with training and experience comparable to his own, which is common knowledge in the industry or otherwise legally in
the public domain, or which is otherwise provided or developed by the Company. Employee agrees that he will not bring onto Company
premises any unpublished documents or property belonging to any former employer or other person to whom Employee has an obligation
of confidentiality. Employee hereby represents that he has disclosed to the Company any contract he has signed that may restrict
Employee’s activities on behalf of the Company.

 

(h)
Employee acknowledges and understands that the securities of the Company are publicly traded and subject to the Securities Act
of 1933 and the Securities Exchange Act of 1934. As a result, Employee acknowledges and agrees that (i) he is required under applicable
securities laws to refrain from trading in securities of the Company while in possession of material nonpublic information and
to refrain from disclosing any material nonpublic information to anyone except as permitted by this Agreement in connection with
the performance of Employee’s duties hereunder, and (ii) he will communicate to any person to whom Employee communicates
any material nonpublic information that such information is material nonpublic information and that the trading and disclosure
restrictions in clause (i) above also apply to such person.

 

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7.
NO SOLICITATION

 

(a)
No Solicitation of Employees. Employee agrees that he will not, during his employment with the Company, and for two (2)
years thereafter, encourage or solicit any other employee of the Company to terminate his or her employment for any reason, nor
will he assist others to do so (provided however that former Company employees and/or Company employees responding to general
ads or solicitations shall not be covered by this Section 7(a).

 

(b)
No Solicitation of Customer. Employee agrees that he will not, during his employment with the Company, and for two (2)
years thereafter, directly or indirectly, utilize any Company information protected under the Employee Confidential Information
and Inventions Assignment Agreement to solicit any client or customer of the Company known to him with respect to any business,
products or services that are competitive to the products or services offered by the Company, or under development as of the date
of the termination of Employee’s employment with the Company for any reason.

 

8.
Amendment and Waiver. This Agreement may not be changed orally but only by written documents signed by the Party against
whom enforcement of any waiver, change, modification, extension or discharge is sought; however, the amount of compensation to
be paid to Employee for services to be performed for the Company hereunder may be changed from time to time by the Parties by
written agreement without in any other way modifying, changing or affecting this Agreement or the performance by Employee of any
of the duties of his employment with the Company. Any such written agreement shall be, and shall be conclusively deemed to be,
a ratification and confirmation of this Agreement, except as expressly set forth in such written amendment. The waiver by any
Party of a breach of any provision of this Agreement shall not operate as or be construed to be a waiver of any subsequent breach
thereof, nor of any breach of any other term or provision of this Agreement.

 

9.
Notice. All notices and other communications hereunder shall be in writing and shall be deemed duly delivered (a) three
business days after being received by registered or certified mail, return receipt requested, postage prepaid, or (b) three business
days after being sent for next business day delivery, fees prepaid, via a reputable nationwide overnight courier service, in the
case of the Company, to its principal office address, and in the case of Employee, to Employee’s residence address as shown
on the records of the Company, or may be given by personal delivery thereof.

 

10.
Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be valid and
enforceable under applicable law, but if any provision of this Agreement shall be invalid, unenforceable or prohibited by applicable
law, then in lieu of declaring such provision invalid or unenforceable, to the extent permitted by law (a) the Parties agree that
they will amend such provision to the minimal extent necessary to bring such provision within the ambit of enforceability, and
(b) any court of competent jurisdiction may, at the request of either party, revise, reconstruct or reform such provision in a
manner sufficient to cause it to be valid and enforceable.

 

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11.
Entire Agreement. This Agreement, together with the Employee Confidential Information and Inventions Assignment Agreement,
forms the complete and exclusive statement of Employee’s employment agreement with the Company. It supersedes any other
agreements, representations or promises made to Employee by anyone, whether oral or written. Changes in Employee’s employment
terms, other than those changes expressly reserved to the Company’s discretion in this Agreement, require a written modification
signed by an officer of the Company.

 

12.
Force Majeure. Neither of the Parties shall be liable to the other for any delay or failure to perform hereunder, which
delay or failure is due to causes beyond the control of said Party, including, but not limited to: acts of God; acts of the public
enemy; acts of the United States of America or any state, territory or political subdivision thereof or of the District of Columbia;
fires; floods; epidemics, quarantine restrictions; strike or freight embargoes. Notwithstanding the foregoing provisions of this
Section 12 in every case the delay or failure to perform must be beyond the control and without the fault or negligence of the
Party claiming excusable delay.

 

13.
Arbitration. To ensure the rapid and economical resolution of disputes that may arise in connection with your employment
with the Company, Employee and the Company agree that any and all disputes, claims, or causes of action, in law or equity, including
but not limited to statutory claims, arising from or relating to the enforcement, breach, performance, or interpretation of this
Agreement, Employee’s employment with the Company, or the termination of Employee’s employment, shall be resolved
pursuant to the Federal Arbitration Act, 9 U.S.C. § 1-16, to the fullest extent permitted by law, by final, binding and confidential
arbitration conducted by JAMS or its successor, under JAMS’ then applicable rules and procedures for employment disputes
(available upon request and also currently available at http://www.jamsadr.com/rules-employment-arbitration/). Employee
acknowledges that by agreeing to this arbitration procedure, both Employee and the Company waive the right to resolve any such
dispute through a trial by jury or judge or administrative proceeding. In addition, all claims, disputes, or causes of action
under this section, whether by Employee or the Company, must be brought in an individual capacity, and shall not be brought as
a plaintiff (or claimant) or class member in any purported class or representative proceeding, nor joined or consolidated with
the claims of any other person or entity. The arbitrator may not consolidate the claims of more than one person or entity and
may not preside over any form of representative or class proceeding. To the extent that the preceding sentences regarding class
claims or proceedings are found to violate applicable law or are otherwise found unenforceable, any claim(s) alleged or brought
on behalf of a class shall proceed in a court of law rather than by arbitration. This paragraph shall not apply to any action
or claim that cannot be subject to mandatory arbitration as a matter of law, including, without limitation, claims brought pursuant
to the California Private Attorneys General Act of 2004, as amended, the California Fair Employment and Housing Act, as amended,
and the California Labor Code, as amended, to the extent such claims are not permitted by applicable law(s) to be submitted to
mandatory arbitration and the applicable law(s) are not preempted by the Federal Arbitration Act or otherwise invalid (collectively,
the “Excluded Claims”). In the event Employee intends to bring multiple claims, including one of the Excluded
Claims listed above, the Excluded Claims may be filed with a court, while any other claims will remain subject to mandatory arbitration.
Employee will have the right to be represented by legal counsel at any arbitration proceeding. The arbitrator shall: (a) have
the authority to compel adequate discovery for the resolution of the dispute and to award such relief as would otherwise be permitted
by law; and (b) issue a written statement signed by the arbitrator regarding the disposition of each claim and the relief, if
any, awarded as to each claim, the reasons for the award, and the arbitrator’s essential findings and conclusions on which
the award is based. The arbitrator shall be authorized to award all relief that Employee or the Company would be entitled to seek
in a court of law. The Company shall pay all JAMS arbitration fees in excess of the administrative fees that Employee would be
required to pay if the dispute were decided in a court of law. Nothing in this Agreement is intended to prevent either Employee
or the Company from obtaining injunctive relief in court to prevent irreparable harm pending the conclusion of any such arbitration.

 

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14.
Recovery of Litigation Costs. If any legal action or other proceeding is brought for the enforcement of this Agreement
or any agreement or instrument delivered under or in connection with this Agreement, or because of an alleged dispute, breach,
default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing Party or
Parties shall be entitled to recover reasonable attorneys’ fees and other costs incurred in that action or proceeding, in
addition to any other relief to which it or they may be entitled.

 

15.
Successors.

 

(a)
No rights or obligations of Employee under this Agreement may be assigned or transferred by Employee other than Employee’s
rights to payments or benefits hereunder, which may be transferred only by will or the laws of descent and distribution. Upon
Employee’s death, this Agreement and all rights of Employee hereunder shall inure to the benefit of and be enforceable by
Employee’s beneficiary or beneficiaries, personal or legal representatives, or estate, to the extent any such person succeeds
to Employee’s interests under this Agreement. Subject to compliance with the terms of any Company sponsored benefit plan,
Employee shall be entitled to select and change a beneficiary or beneficiaries to receive following Employee’s death any
benefit or compensation payable hereunder by giving the Company written notice thereof. In the event of Employee’s death
or a judicial determination of Employee’s incompetence, reference in this Agreement to Employee shall be deemed, where appropriate,
to refer to Employee’s beneficiary(ies), estate or other legal representative(s).

 

(b)
This Agreement shall inure to the benefit of and be binding upon the Company and its successors and permitted assigns.

 

(c)
The Company shall have the right to assign this Agreement to any successor of substantially all of its business or assets, and
any such successor shall be bound by all of the provisions hereof.

 

16.
Governing Law. This Agreement and the rights and obligations of the Parties shall be governed by and construed and enforced
in accordance with the substantive laws of Puerto Ric.

 

17.
Counsel. The parties acknowledge and represent that, prior to the execution of this Agreement, they have had an opportunity
to consult with their respective counsel concerning the terms and conditions set forth herein. Additionally, Employee represents
that he has had an opportunity to receive independent legal advice concerning the taxability of any consideration received under
this Agreement. Employee has not relied upon any advice from the Company and/or its attorneys with respect to the taxability of
any consideration received under this Agreement. Employee further acknowledges that the Company has not made any representations
to him with respect to tax issues.

 

18.
No Punitive Damages. If any dispute arises regarding the application, interpretation, or enforcement of any provision of
this Agreement, including fraud in the inducement, the parties hereby waive their right to seek punitive damages in connection
with said dispute.

 

19.
Multiple Counterparts. This Agreement may be executed in multiple counterparts each of which shall be deemed to be an original
but all of which together shall constitute but one instrument.

 

[Signatures
on Next Page]

 

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EXECUTED
as of the day and year first above set forth.

 

	CONVERSION
    LABS PR, LLC	 
	 	 	 
	 	 	 
	By:	Justin
    Schreiber, President 	 
	 	 	 
	eMPLOYEE	 
	 	 	 
	 	 	 
	By:	Anthony
    Puopolo, MD 	 

 

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