Document:

EX-10.8

 Exhibit 10.8 

RUGA CORPORATION 

INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (the “Agreement”) is made as of October 17, 2016, by and between Ruga Corporation,
a Delaware corporation (the “Company”), and Vinay Shah (“Indemnitee”). 
 WHEREAS,
the Company and Indemnitee recognize the substantial increase in corporate litigation in general, subjecting officers and directors to expensive litigation risks; 

WHEREAS, the Company desires to attract and continue to retain the services of highly qualified individuals, such as Indemnitee, to
serve as officers and directors of the Company and to indemnify its officers and directors so as to provide them with the maximum protection permitted by law; 

WHEREAS, the statutory indemnification provisions of the Delaware General Corporation Law (the “DGCL”),
Section 145, expressly provide that they are non-exclusive, and it is the desire of the Company to indemnify directors and officers who have entered into settlements of derivative suits or have paid judgments, fines or penalties therefor,
provided they have not breached the applicable statutory standard of conduct; and 
 WHEREAS, in view of such considerations, the
Company desires to provide, independent from the indemnification to which the Indemnitee is otherwise entitled by law and under the Company’s Certificate of Incorporation and Bylaws, indemnification to the Indemnitee and advances of expenses,
all as set forth in this Agreement to the maximum extent permitted by law. 
 NOW, THEREFORE, to induce the Indemnitee to serve the
Company and in consideration of these premises and the mutual agreements set forth in this Agreement, as well as other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Indemnitee
hereby agree as follows: 
 1.    Indemnification. 

(a)    Third Party Proceedings. The Company shall indemnify Indemnitee if Indemnitee is or was a party or is
threatened to be made a party to or is otherwise involved in (e.g., as a witness) any threatened, pending or completed action or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the
Company) by reason of the fact that Indemnitee is or was a director, officer, employee or agent of the Company, or any subsidiary of the Company, by reason of any action or inaction on the part of Indemnitee while an officer or director or by reason
of the fact that Indemnitee is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys’ fees),
judgments, fines and amounts paid in settlement (if such settlement is approved in advance by the Company, which approval shall not be unreasonably withheld) actually and reasonably incurred by Indemnitee in connection with such action or proceeding
if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to any criminal action or proceeding, had no reasonable cause to believe
Indemnitee’s conduct was unlawful. The termination of any action or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that Indemnitee
did not act in good faith and in a manner which Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, or with respect to any criminal action or proceeding, that Indemnitee had reasonable cause to believe that
Indemnitee’s conduct was unlawful. The parties hereto intend that this Agreement shall provide to the fullest extent permitted by law for indemnification in excess of that expressly permitted by statute, including, without limitation, any
indemnification provided by the Company’s Certificate of Incorporation and Bylaws, vote of its stockholders or disinterested directors or applicable law. 

(b)    Proceedings by or in the Right of the Company. The Company shall indemnify Indemnitee if Indemnitee was or is
a party or is threatened to be made a party to or is otherwise involved in (e.g., as a witness) any threatened, pending or completed action or proceeding by or in the right of the Company or any subsidiary of the Company to procure a judgment in its
favor by reason of the fact that Indemnitee is or was a director, officer, employee or agent of the Company, or any subsidiary of the Company, by reason of any action or inaction on the part of Indemnitee while an officer or director or by reason of
the fact that Indemnitee is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, 

 
partnership, joint venture, trust or other enterprise, against expenses (including attorneys’ fees) and, to the fullest extent permitted by law, amounts paid in settlement, in each case to
the extent actually and reasonably incurred by Indemnitee in connection with the defense or settlement of such action or proceeding if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best
interests of the Company and its shareholders, except that no indemnification shall be made in respect of any claim, issue or matter as to which Indemnitee shall have been finally adjudicated by court order or judgment to be liable to the Company in
the performance of Indemnitee’s duty to the Company and its shareholders unless and only to the extent that the Delaware Court of Chancery or any other court in which such action or proceeding is or was brought shall determine upon application
that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or other such court shall deem proper. 

(c)    Indemnification of Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other
provisions of this Agreement, to the fullest extent permitted by applicable law and to the extent that Indemnitee is a party to (or a participant in) and is successful, on the merits or otherwise, in any action, suit or proceeding referred to in
Section 1(a) or Section 1(b) or in defense of any claim, issue or matter therein, in whole or in part, the Company shall indemnify Indemnitee against all expenses (including attorneys’ fees) actually and reasonably incurred by
Indemnitee in connection therewith. If Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such action, suit or proceeding, the
Company shall indemnify Indemnitee against all expenses (including attorneys’ fees) actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with or related to each successfully resolved claim, issue or matter
to the fullest extent permitted by law. For purposes of this Section and without limitation, the termination of any claim, issue or matter in such a proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to
such claim, issue or matter. Without limiting the foregoing, if any action, suit or proceeding is disposed of, on the merits or otherwise (including a disposition without prejudice), without (i) the disposition being adverse to Indemnitee,
(ii) an adjudication that Indemnitee was liable to the Company, (iii) a plea of guilty or nolo contendere by Indemnitee, (iv) an adjudication that Indemnitee did not act in good faith and in a manner he reasonably believed to
be in or not opposed to the best interests of the Company, and (v) with respect to any criminal proceeding, an adjudication that Indemnitee had reasonable cause to believe his conduct was unlawful, Indemnitee shall be considered for the purpose
hereof to have been wholly successful with respect thereto. DGCL adopted after the date of this Agreement that increase the extent to which a corporation may indemnify its officers and directors. 

2.    Expenses; Indemnification Procedure. 

(a)    Advancement of Expenses. The Company shall advance, to the extent not prohibited by law, all expenses
incurred by Indemnitee (“Expense Advances”) in connection with the investigation, defense, settlement or appeal of any civil or criminal action or proceeding referred to in Section 1(a) or (b) hereof. Indemnitee
hereby undertakes to repay such amounts advanced only if, and to the extent that, it shall ultimately be determined that Indemnitee is not entitled to be indemnified by the Company as authorized hereby. The advances to be made hereunder shall be
paid by the Company to Indemnitee within thirty (30) days following receipt of an undertaking (the “Undertaking”), substantially in the form attached hereto as Exhibit 1, by or on behalf of Indemnitee to repay the amount
of any such advance if and to the extent that it shall ultimately be determined that Indemnitee is not entitled to indemnification for such amount. The Undertaking shall be unsecured and shall bear no interest and shall be accepted without reference
to the financial ability of Indemnitee to make repayment. 
 (b)    Notice/Cooperation by Indemnitee. Indemnitee
shall, give the Company notice in writing as soon as practicable of any claim made against Indemnitee for which indemnification is or will be sought under this Agreement. Notice to the Company shall be directed to the Chief Executive Officer of the
Company at the address shown on the signature page of this Agreement (or such other address as the Company shall designate in writing to Indemnitee). Notice shall be deemed received three (3) business days after the date postmarked if sent by
domestic certified or registered mail, properly addressed; otherwise, notice shall be deemed received when such notice shall actually be received by the Company. In addition, Indemnitee shall give the Company such information and cooperation as it
may reasonably require and as shall be within Indemnitee’s power. 
 (c)    Procedure. (1) The omission
by Indemnitee to notify the Company hereunder will not relieve the Company from any liability which it may have to Indemnitee hereunder or otherwise than under this Agreement, and any delay in so notifying the Company shall not constitute a waiver
by Indemnitee of any rights under this Agreement. Any indemnification and advances provided for in Section 1 and this Section 2 shall be made promptly, and in any event within thirty (30) days after receipt by the Company of
the written request of Indemnitee together with such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to such indemnification or
advances and, in the case of advances, a statement or statements reasonably evidencing the expenses incurred by Indemnitee and an undertaking as required 

  
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by Section 2 hereof, unless with respect to such requests the Company determines within such 30-day period that Indemnitee did not meet the applicable standard of conduct or that
indemnification is not required under Section 7 below. Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement of Indemnitee to indemnification under this Agreement shall be required to be made prior to
the final disposition of any action, suit or proceeding. Such determination shall be made in each instance (i) if a Change in Control shall have occurred, unless otherwise elected by Indemnitee, by Independent Counsel in a written opinion to
the Board, a copy of which shall be delivered to Indemnitee; or (ii) if a Change in Control shall not have occurred: (a) by a majority vote of the directors of the Company who are not at that time parties to the action, suit or proceeding
in question (“disinterested directors”), even though less than a quorum; (b) by a committee of such disinterested directors designated by majority vote of such disinterested directors, even though less than a quorum;
(c) if there are no such disinterested directors, or if such disinterested directors so direct, by Independent Counsel in a written opinion ; or (d) a majority vote of a quorum of the outstanding shares of stock of all classes entitled to
vote for directors, voting as a single class, which quorum shall consist of stockholders who are not at that time parties to the action, suit or proceeding in question. For purposes of this Agreement: 

(A)    A “Change in Control” shall be deemed to occur upon the earliest to occur after the date of this
Agreement of any of the following events: 
 (i)    Acquisition of Stock by Third Party. Any
Person (as defined below) is or becomes the Beneficial Owner (as defined below), directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding
securities unless the change in relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election of
directors; 
 (ii)    Change in Board of Directors. During any period of two (2) consecutive
years (not including any period prior to the execution of this Agreement), individuals who at the beginning of such period constitute the Board, and any new director (other than a director designated by a person who has entered into an agreement
with the Company to effect a transaction described in this definition of Change in Control whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least
two-thirds of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to
constitute at least a majority of the members of the Board; 
 (iii)    Corporate Transactions.
The effective date of a merger or consolidation of the Company with any other entity, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation
continuing to represent (either by remaining outstanding or by being converted into voting securities of the Surviving Entity) more than 50% of the combined voting power of the voting securities of the Surviving Entity outstanding immediately after
such merger or consolidation and with the power to elect at least a majority of the board of directors or other governing body of such Surviving Entity; 

(iv)    Liquidation. The approval by the stockholders of the Company of a complete liquidation of
the Company or an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets; and 

(v)    Other Events. There occurs any other event of a nature that would be required to be reported
in response to Item 6(e) of Schedule 14A of Regulation 14A (or a response to any similar item on any similar schedule or form) promulgated under the Exchange Act (as defined below), whether or not the Company is then subject to such reporting
requirement. 
 (B)    “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to
time. 
 (C)    “Person” shall have the meaning as set forth in Sections 13(d) and 14(d) of the Exchange Act;
provided, however, that Person shall exclude (i) the Company, (ii) any trustee or other fiduciary holding securities under an employee benefit plan of the Company, and (iii) any corporation owned, directly or indirectly, by the
stockholders of the Company in substantially the same proportions as their ownership of stock of the Company. 

(D)    “Beneficial Owner” shall have the meaning given to such term in Rule
13d-3 under the Exchange Act; provided, however, that Beneficial Owner shall exclude any Person otherwise becoming a Beneficial Owner by reason of the stockholders of the Company approving a merger of the
Company with another entity. 

  
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 (E)    “Surviving Entity” shall mean the surviving entity in
a merger or consolidation or any entity that controls, directly or indirectly, such surviving entity. 

(F)    “Independent Counsel” shall mean a law firm, or a member of a law firm, that is experienced in matters
of corporation law and neither presently is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such party (other than with respect to matters concerning the Indemnitee
under this Agreement, or of other indemnitees under similar indemnification agreements), or (ii) any other party to the proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent
Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s
rights under this Agreement. The Company agrees to pay the reasonable fees and expenses of the Independent Counsel referred to above and to fully indemnify such counsel against any and all expenses, claims, liabilities and damages arising out of or
relating to this Agreement or its engagement pursuant hereto. 
 (2)    In the event the determination of entitlement to
indemnification is to be made by Independent Counsel pursuant to Section 2(c)(1) hereof, the Independent Counsel shall be selected as provided in this Section 2(c)(2). If a Change in Control shall not have occurred, the Independent Counsel
shall be selected by the Board, and the Company shall give written notice to Indemnitee advising Indemnitee of the identity of the Independent Counsel so selected. If a Change in Control shall have occurred, the Independent Counsel shall be selected
by Indemnitee (unless Indemnitee shall request that such selection be made by the Board, in which event the preceding sentence shall apply), and Indemnitee shall give written notice to the Company advising it of the identity of the Independent
Counsel so selected. In either event, Indemnitee or the Company, as the case may be, may, within ten (10) days after such written notice of selection shall have been given, deliver to the Company or to Indemnitee, as the case may be, a written
objection to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in this Agreement, and the
objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If such written objection is so made and substantiated, the Independent
Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or the Delaware Court has determined that such objection is without merit. If, within twenty (20) days after the later of submission by
Indemnitee of a written request for indemnification pursuant to Section 2(c)(1) hereof and the final disposition of the Proceeding, no Independent Counsel shall have been selected and not objected to, either the Company or Indemnitee may
petition the Delaware Court for resolution of any objection which shall have been made by the Company or Indemnitee to the other’s selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by such
court or by such other person as such court shall designate, and the person with respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel under Section 2(c)(1) hereof. Upon the due commencement
of any judicial proceeding or arbitration pursuant to Section 2(d) of this Agreement, Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional
conduct then prevailing). 
 (d)     If a claim under this Agreement, under any statute, or under any provision of the
Company’s Certificate of Incorporation or Bylaws providing for indemnification, is not paid in full by the Company within the time allowed, Indemnitee may, but need not, at any time thereafter bring an action against the Company to recover the
unpaid amount of the claim and, subject to Section 8 of this Agreement, Indemnitee shall also be entitled to be paid for the expenses (including attorneys’ fees) of bringing such action. It shall be a defense to any such action (other than
an action brought to enforce a claim for expenses incurred in connection with any action or proceeding in advance of its final disposition) that Indemnitee has not met the standards of conduct which make it permissible under applicable law for the
Company to indemnify Indemnitee for the amount claimed, but the burden of proving such defense shall be on the Company. Indemnitee shall be entitled to receive interim payments of expenses pursuant to Section 2(a) unless and until such defense
may be finally adjudicated by court order or judgment from which no further right of appeal exists. Alternatively, Indemnitee, at Indemnitee’s option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the
Commercial Arbitration Rules of the American Arbitration Association. Indemnitee shall commence such proceeding seeking an adjudication or an award in arbitration within 180 days following the date on which Indemnitee first has the right to commence
such proceeding pursuant to this Section 2(d). The Company shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration. In the event that a determination shall have been made pursuant to this Agreement that
Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 14 shall be conducted in all respects as a de novo trial, or arbitration, on the merits and Indemnitee shall not be
prejudiced by reason of that adverse determination. If a determination shall have been made pursuant to this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or
arbitration commenced pursuant to this Agreement, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the
request for indemnification, or (ii) a prohibition of such indemnification under applicable law. 

  
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 The Company shall, to the fullest extent not prohibited by law, be precluded from asserting
in any judicial proceeding or arbitration commenced pursuant to this Agreement that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the
Company is bound by all the provisions of this Agreement. It is the intent of the Company that, to the fullest extent permitted by law, the Indemnitee not be required to incur legal fees or other expenses associated with the interpretation,
enforcement or defense of Indemnitee’s rights under this Agreement by litigation or otherwise because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. The Company
shall, to the fullest extent permitted by law, indemnify Indemnitee against any and all expenses (including attorneys’ fees) and, if requested by Indemnitee, shall (within ten (10) days after receipt by the Company of a written request
therefor) advance, to the extent not prohibited by law, such expenses to Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee for indemnification or advancement of expenses from the Company under this
Agreement or under any directors’ and officers’ liability insurance policies maintained by the Company if, in the case of indemnification, Indemnitee is wholly successful on the underlying claims; if Indemnitee is not wholly successful on
the underlying claims, then such indemnification shall be only to the extent Indemnitee is successful on such underlying claims or otherwise as permitted by law, whichever is greater. 

(e)     Reliance on Reports. Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is
based on Indemnitee’s good faith reliance on the records or books of account of the Company, including financial statements, or on information supplied to Indemnitee by the officers of the Company in the course of their duties, or on the advice
of legal counsel for the Company or on information or records given or reports made to the Company by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the Company. In addition, the
knowledge and/or actions, or failure to act, of any director, officer, agent or employee of the Company shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. 

(f)    Presumption; Burden. In making a determination with respect to entitlement to indemnification hereunder, the
person or persons or entity making such determination shall presume that Indemnitee is entitled to indemnification under this Agreement and has acted in good faith. Anyone seeking to overcome this presumption shall have the burden of proof and the
burden of persuasion by clear and convincing evidence. 
 (g)    Notice to Insurers. If, at the time of the
receipt of a notice of a claim pursuant to Section 2(b) hereof, the Company has director and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance with
the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such proceeding in accordance with
the terms of such policies. 
 (h)    Assumption of Defense and Selection of Counsel. In the event the Company
shall be obligated under Section 2(a) hereof to pay the expenses of any proceeding against Indemnitee, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, with counsel approved by Indemnitee, which approval
shall not be unreasonably withheld or delayed, upon the delivery to Indemnitee of written notice of its election so to do. Notwithstanding the foregoing, the Company shall not be permitted to settle any action or claim on behalf of Indemnitee in any
manner which would impose any unindemnified liability or penalty on Indemnitee or require any acknowledgment of wrongdoing on the part of Indemnitee without Indemnitee’s written consent, which consent shall not be unreasonably withheld or
delayed. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by
Indemnitee with respect to the same proceeding, provided that (i) Indemnitee shall have the right to employ his or her counsel in any such proceeding at Indemnitee’s expense; and (ii) if (A) the employment of separate counsel by
Indemnitee has been previously authorized by the Company; (B) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense; or (C) the Company
shall not, in fact, have employed counsel to assume the defense of such proceeding, then the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. The Company shall not be entitled, without the consent of Indemnitee,
to assume the defense of any claim brought by or in the right of the Company or as to which counsel for Indemnitee shall have reasonably made the conclusion provided for in clause (ii)(B) above. 

3.    Additional Indemnification Rights; Nonexclusivity; Contribution. 

(a)    Scope. Notwithstanding any other provision of this Agreement, the Company hereby agrees to indemnify
Indemnitee to the fullest extent permitted by law, notwithstanding that such indemnification is not specifically authorized by the other provisions of this Agreement, the Company’s Certificate of Incorporation, the Company’s Bylaws or by
statute. In the event of any change, after the date of this Agreement, in any applicable law, statute or rule which expands the right of a Delaware corporation to indemnify a member of its board of directors or an officer, such changes shall be,
ipso facto, 

  
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within the purview of Indemnitee’s rights and the Company’s obligations under this Agreement. In the event of any change in any applicable law, statute or rule which narrows the right
of a Delaware corporation to indemnify a member of its board of directors or an officer, such changes, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement shall have no effect on this Agreement or the
parties’ rights and obligations hereunder. 
 (b)    Nonexclusivity. The indemnification provided by this
Agreement shall not be deemed exclusive of any rights to which Indemnitee may be entitled under the Company’s Certificate of Incorporation, its Bylaws, any agreement, any vote of stockholders or disinterested directors, the DGCL, or otherwise,
both as to action in Indemnitee’s official capacity and as to action in another capacity while holding such office. The indemnification provided under this Agreement shall continue as to Indemnitee for any action taken or not taken while
serving in an indemnified capacity even though he or she may have ceased to serve in any such capacity at the time of any action, suit or other covered proceeding. 

(c)    Contribution. 

(i)    Whether or not the indemnification provided in Section 1 hereof is available, in respect of any threatened,
pending or completed action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), the Company shall pay, in the first instance, the entire amount of any judgment or
settlement of such action, suit or proceeding without requiring Indemnitee to contribute to such payment and the Company hereby waives and relinquishes any right of contribution it may have against Indemnitee. The Company shall not enter into any
settlement of any action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding) unless such settlement provides for a full and final release of all claims asserted
against Indemnitee; 
 (ii)    Without diminishing or impairing the obligations of the Company set forth in the
preceding subparagraph, if, for any reason, Indemnitee shall elect or be required to pay all or any portion of any judgment or settlement in any threatened, pending or completed action, suit or proceeding in which the Company is jointly liable with
Indemnitee (or would be if joined in such action, suit or proceeding), the Company shall contribute to the amount of expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred and paid
or payable by Indemnitee in proportion to the relative benefits received by the Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee (or would be if joined in such action,
suit or proceeding), on the one hand, and Indemnitee, on the other hand, from the transaction from which such action, suit or proceeding arose; provided, however, that the proportion determined on the basis of relative benefit may, to the
extent necessary to conform to law, be further adjusted by reference to the relative fault of the Company and all officers, directors or employees of the Company other than Indemnitee who are jointly liable with Indemnitee (or would be if joined in
such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, in connection with the events that resulted in such expenses, judgments, fines or settlement amounts, as well as any other equitable considerations which they may
be required to be considered by law. The relative fault of the Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding),
on the one hand, and Indemnitee, on the other hand, shall be determined by reference to, among other things, the degree to which their actions were motivated by intent to gain personal profit or advantage, the degree to which their liability is
primary or secondary and the degree to which their conduct is active or passive; 
 (iii)    The Company hereby agrees
fully to indemnify and hold Indemnitee harmless from any claims of contribution which may be brought by officers, directors or employees of the Company, other than Indemnitee, who may be jointly liable with Indemnitee; and 

(iv)    To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is
unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in
settlement and/or for expenses, in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such proceeding in order to reflect
(i) the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such proceeding; and/or (ii) the relative fault of the Company (and its directors, officers, employees and
agents) and Indemnitee in connection with such event(s) and/or transaction(s). 
 4.    Partial Indemnification.
If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of the expenses, judgments, fines or penalties actually or reasonably incurred by him in the investigation, defense, appeal or
settlement of any civil or criminal action or proceeding, but not, however, for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion of 

  
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such expenses, judgments, fines or penalties to which Indemnitee is entitled. 

5.    Primacy of Indemnification. The Company hereby acknowledges that Indemnitee has certain rights to
indemnification, advancement of expenses and/or insurance provided by the Company’s insurance provider and certain of its affiliates (collectively, the “Fund Indemnitors”). The Company hereby agrees (i) that it is
the indemnitor of first resort (i.e., its obligations to Indemnitee are primary and any obligation of the Fund Indemnitors to advance expenses or to provide indemnification for the same expenses or liabilities incurred by Indemnitee are secondary);
(ii) that it shall be required to advance the full amount of expenses incurred by Indemnitee and shall be liable for the full amount of all Expenses, judgments, penalties, fines and amounts paid in settlement to the extent legally permitted and as
required by the terms of this Agreement and the Certificate of Incorporation or Bylaws of the Company (or any other agreement between the Company and Indemnitee), without regard to any rights Indemnitee may have against the Fund Indemnitors; and
(iii) that it irrevocably waives, relinquishes and releases the Fund Indemnitors from any and all claims against the Fund Indemnitors for contribution, subrogation or any other recovery of any kind in respect thereof. The Company further agrees
that no advancement or payment by the Fund Indemnitors on behalf of Indemnitee with respect to any claim for which Indemnitee has sought indemnification from the Company shall affect the foregoing and the Fund Indemnitors shall have a right of
contribution and/or be subrogated to the extent of such advancement or payment to all of the rights of recovery of Indemnitee against the Company. The Company and Indemnitee agree that the Fund Indemnitors are express third party beneficiaries of
the terms of this Section 5. 
 6.    Officer and Director Liability Insurance. The Company shall maintain a
policy or policies of insurance with reputable insurance companies providing the officers and directors of the Company with coverage for losses from wrongful acts, or to ensure the Company’s performance of its indemnification obligations under
this Agreement. Among other considerations, the Company will weigh the costs of obtaining such insurance coverage against the protection afforded by such coverage. In all policies of director and officer liability insurance, Indemnitee shall be
named as an insured in such a manner as to provide Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company’s directors, if Indemnitee is a director; or of the Company’s officers, if Indemnitee
is not a director of the Company but is an officer; or of the Company’s key employees, if Indemnitee is not an officer or director but is a key employee. Notwithstanding the foregoing, subject to any other obligation or agreement to maintain
such insurance, the Company shall have no obligation to obtain or maintain such insurance if the Company determines in good faith that such insurance is not reasonably available, if the premium costs for such insurance are disproportionate to the
amount of coverage provided, if the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit, or if Indemnitee is covered by similar insurance maintained by a subsidiary or parent of the Company. 

7.    Severability. Nothing in this Agreement is intended to require or shall be construed as requiring the Company
to do or fail to do any act in violation of applicable law. The Company’s inability, pursuant to court order, to perform its obligations under this Agreement shall not constitute a breach of this Agreement. The provisions of this Agreement
shall be severable as provided in this Section 7. If this Agreement or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the Company shall nevertheless indemnify Indemnitee to the fullest extent
permitted by any applicable portion of this Agreement that shall not have been invalidated, and the balance of this Agreement not so invalidated shall be enforceable in accordance with its terms. 

8.    Exceptions. Any other provision herein to the contrary notwithstanding, the Company shall not be obligated
pursuant to the terms of this Agreement: 
 (a)    Claims Initiated by Indemnitee. To indemnify or advance
expenses to Indemnitee with respect to proceedings or claims initiated or brought voluntarily by Indemnitee and not by way of defense, except as expressly contemplated by this Agreement, with respect to proceedings brought to establish or enforce a
right to indemnification under this Agreement or any other statute or law or otherwise as required under Section 145 of the DGCL, but such indemnification or advancement of expenses may be provided by the Company in specific cases if the Board
of Directors has approved the initiation of such suit; or 
 (b)    Insured Claims. To indemnify Indemnitee for
expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes or penalties, and amounts paid in settlement) to the extent such expenses or liabilities have been paid directly to Indemnitee under
a policy of officers’ and directors’ liability insurance or under any other insurance policy, contract, agreement or otherwise maintained by the Company; or 

(c)    Claims under Section 16(b). To indemnify Indemnitee for expenses or the payment of profits arising from
the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute; or 

  
 7 

 9.    Construction of Certain Phrases. For purposes of this
Agreement, references to the “Company” shall include, in addition to the resulting corporation, any constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence
had continued, would have had power and authority to indemnify its directors, officers, employees or agents, so that if Indemnitee is or was a director, officer, employee or agent of such constituent corporation, or is or was serving at the request
of such constituent corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, Indemnitee shall stand in the same position under the provisions of this Agreement with respect
to the resulting or surviving corporation as Indemnitee would have with respect to such constituent corporation if its separate existence had continued. 

For purposes of this Agreement, references to “other enterprises” shall include employee benefit plans; references to
“fines” shall include any excise taxes assessed on Indemnitee with respect to an employee benefit plan; and references to “serving at the request of the Company” shall include any service as a director, officer, employee or agent
of the Company which imposes duties on, or involves services by, such director, officer, employee or agent with respect to an employee benefit plan, its participants or beneficiaries. 

10.    Effectiveness of Agreement. This Agreement shall be effective as of the date set forth on the first page and
may apply to acts or omissions of Indemnitee which occurred prior to such date if Indemnitee was an officer, director, employee or other agent of the Company, or was serving at the request of the Company as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust or other enterprise, as the time such act or omission occurred. The Company’s obligations hereunder shall continue as to Indemnitee if he or she ceases to be a director, officer, employee
or agent. 
 11.    Attorneys’ Fees. In the event that any action is instituted by Indemnitee under this
Agreement to enforce or interpret any of the terms hereof, Indemnitee shall be entitled to be paid all court costs and expenses, including reasonable attorneys’ fees, incurred by Indemnitee with respect to such action, unless as a part of such
action, the Delaware Court of Chancery determines that each of the material assertions made by Indemnitee as a basis for such action were not made in good faith or were frivolous. In the event of an action instituted by or in the name of the Company
under this Agreement or to enforce or interpret any of the terms of this Agreement, Indemnitee shall be entitled to be paid all court costs and expenses, including attorneys’ fees, incurred by Indemnitee in defense of such action (including
with respect to Indemnitee’s counterclaims and cross-claims made in such action), unless as a part of such action the court determines that each of Indemnitee’s material defenses to such action were made in bad faith or were frivolous.

 12.    No Rights of Continued Service. This Agreement shall not impose any obligation of the Company to
continue Indemnitee’s service to the Company beyond any period otherwise required by law or by other agreements or commitments of the parties, if any. 

13.    Miscellaneous. 

(a)    Governing Law. This Agreement and all acts and transactions pursuant hereto and the rights and obligations
of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of Delaware, without giving effect to principles of conflict of law. 

(b)    Consent to Jurisdiction. The Company and Indemnitee each hereby irrevocably consent to the exclusive
jurisdiction of the Delaware Court of Chancery for any purpose in connection with any actions or proceedings which arise out of or relate to this Agreement. 

(c)    Entire Agreement; Enforcement of Rights. This Agreement sets forth the entire agreement and understanding of
the parties relating to the subject matter herein and merges all prior discussions between them. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in writing and signed by
the parties to this Agreement. Furthermore, the Company agrees not to seek from a court, or agree to, a “bar order” which would have the effect of prohibiting or limiting the Indemnitee’s rights to receive advancement of expenses
under this Agreement. The failure by either party to enforce any rights under this Agreement shall not be construed as a waiver of any rights of such party. 

(d)    Construction. This Agreement is the result of negotiations between, and has been reviewed by, each of the
parties hereto and their respective counsel, if any; accordingly, this Agreement shall be deemed to be the product of all of the parties hereto, and no ambiguity shall be construed in favor of or against any one of the parties hereto. 

  
 8 

 (e)    Notices. Unless otherwise provided in this Agreement, any
notice, demand or request required or permitted to be given under this Agreement shall be in writing and shall be deemed sufficient when directed to the Chief Executive Officer of the Company at the address shown on the signature page of this
Agreement (or such other address as the Company shall designate in writing) and when delivered personally or three business days after being postmarked, as certified or registered mail, with postage prepaid, and addressed to the party to be notified
at such party’s address as set forth below or as subsequently modified by written notice. 

(f)    Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an
original and all of which together shall constitute one instrument. 
 (g)    Successors and Assigns. This
Agreement shall be binding upon the Company and its successors and assigns, including any direct or indirect successor by purchase, merger, consolidation or otherwise to all, substantially all or a substantial part of the business or assets of the
Company. This Agreement shall inure to the benefit of Indemnitee and Indemnitee’s heirs, legal representatives, executives and administrators. The Company shall require and cause any successor (whether direct or indirect, and whether by
purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part of the business or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform
this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. 

(h)    Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of
such payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company to effectively bring suit to enforce such rights. 

[Remainder of page intentionally left blank; signature page to follow] 

  
 9 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written. 

 

									
	RUGA CORPORATION	 		 	INDEMNITEE
					
	By:	 	 /s/ Ray Tabibiaar
	 		 	By:	 	 /s/ Vinay Shah

	Name: Ray Tabibiazar	 		 	Name: Vinay Shah
	Title: Chief Executive Officer	 		 	Title: Chief Financial Officer
	Address: 909 Fannin, Suite 2100	 		 	Address:
	                Houston, TX 77010	 		 	

 Signature Page to Indemnification Agreement 

  
 10Exhibit 10.1

 

 

BINDING
LETTER OF INTENT 

GEX MANAGEMENT, INC. AND 

ENDEAVOR PLUS, INC.

 

 

 

This
binding letter of intent ("LOI”), dated as of July 30, 2018, sets forth the understanding and preliminary agreement
by and between GEX Management, Inc., a public company organized under the laws of the State of Texas (“GXXM”), on
the one hand, and Endeavor Plus, Inc., a private healthcare company with offices located in New York, NY ("Endeavor"),
on the other hand. GXXM and Endeavor are sometimes referred to individually, as a “Party” and collectively, as the
“Parties.” 

 

WHEREAS,
the Parties are entering into this LOI for the express purpose of GXXM acquiring 100% of the capital stock of Endeavor pursuant
to a definitive share exchange agreement, which the Parties reasonably expect to be executed and delivered on or about September
30, 2018 (the “Definitive Agreement” or “SEA”); and

 

WHEREAS,
Endeavor understands that: (i) GXXM is a public company with shares subject to quotation on the OTCQB under the symbol “GXXM;”
and (ii) GXXM is a current reporting company filing reports with the United States Securities and Exchange Commission (the “SEC”)
under the Securities Exchange Act of 1934 (the “Exchange Act”); and

 

WHEREAS,
the Parties agree that pending the execution of the Definitive Agreement, and as a condition to the closing of the Share Exchange
(s defined below) (the “Closing”), Endeavor shall deliver to GXXM, not later than December 31, 2018, the audited financial
statements of Endeavor, prepared by its independent public accountants for Endeavor’s years-ended December 31, 2017 and
2016 (the “Audited Financial Statements”) which shall be in compliance with GAAP and/or
PCAOB, and in a form acceptable by the SEC, and such interim unaudited
financial statements as are required in connection with applicable laws, prepared in accordance
with GAAP and/or PCAOB (the “Interim Financial Statements”); and 

 

WHEREAS,
the Parties agree that under this LOI and subject to the Definitive Agreement, GXXM shall: (i) issue to the shareholders and/or
designees of Endeavor (the “Endeavor Holders”) restricted shares of common stock of GXXM (the “GXXM Shares”)
as set forth in Section 2 below; (ii) appoint Mr. Pat Dileo as a member of the GXXM Board of Directors and as CEO of Endeavor
Plus which shall become a wholly-owned subsidiary of GXXM upon the Closing; and (iii) GXXM and Endeavor shall have equal representation
on the Board of Directors of GXXM upon the Closing.  

 

1.               
The Closing. Upon the Closing, GXXM will acquire 100% of Endeavor’s
issued and outstanding capital stock (the "Endeavor Shares") owned by the Endeavor Holders in exchange for the issuance
of the GXXM Shares as set forth in Section 2 below, upon which, Endeavor will become
a wholly owned subsidiary of GXXM (the “Share Exchange”). It is anticipated that the share
exchange will be structured to qualify as a tax-free reorganization pursuant to Section 368 of the Internal
Revenue Code.

 

2.               
Share Exchange. Upon the Closing, and subject to the delivery by Endeavor and/or
the Endeavor Holders of the Endeavor Shares, the Endeavor Holders shall receive a total of thirteen million
(13,000,000) restricted GXXM Shares in exchange for all of the Endeavor Shares. It
is hereby agreed that upon Closing, GXXM will not have in excess of Fifteen Million (15,000.000) GXXM Shares issued and outstanding.

    	 	1	 

     

    

3.               
Additional Terms and Conditions of the Closing. Consummation of the Share Exchange
 will be subject to the following terms and
conditions:

(a)                     
A Definitive Agreement satisfactory to GXXM and
Endeavor shall be executed as soon as practicable but not later than September 30, 2018 unless the Parties agree in writing
to extend the date. The Definitive Agreement shall contain terms, conditions, representations
and warranties, covenants and legal opinions normal and appropriate for a transaction
of the type contemplated, including, without limitation, those summarized in this LOI;

(b)                    
Upon signing the Definitive Agreement and closing of the Share Exchange, GXXM shall
prepare and file with the SEC all appropriate documents including, but not limited
to, any required Current Reports on Form 8-K, with disclosure under Items 1.01, 3.02 and 5.02, as applicable, together with applicable
exhibits and a Schedule 13D. 

(c)                     
Upon and as a condition of the Closing, Endeavor shall deliver or cause to be delivered
to GXXM, as necessary, a description of Endeavor's business and Endeavor's Audited
Financial Statements and Interim Financial Statements prepared in accordance with the
applicable rules and regulations of the SEC ("SEC"). Endeavor shall also provide
such other information and disclosure that GXXM may require for inclusion in its filings
with the SEC under the Exchange Act and the rules and regulations of the SEC.

(d)                    
Each Party and their respective agents, attorneys and representatives shall have full
and free access to the properties, books and records of the other Party (the confidentiality of which the
requesting Party agrees to retain with full confidentiality) for purposes of conducting investigations of the other
Party;

(e)                     
The Parties shall have received all permits, authorizations, regulatory
approvals and third-party consents, if any, necessary for the consummation of the SEA and Closing of the Share Exchange
and all applicable legal requirements shall have been satisfied;

(f)                   
It is hereby agreed that Endeavor’s current officers and directors shall use
their reasonable best efforts to preserve intact the business organization and employees
and other business relationships of Endeavor; shall continue to operate in the ordinary
course of business and maintain its books, records and accounts in accordance with
generally accepted accounting principles, consistent with past practice; shall use
its reasonable best efforts to maintain Endeavor's current financial condition and
shall not declare or make any dividend or stock distributions.

(g)                    
Disclosure. Without the prior written consent of GXXM, which consent will not be unreasonably
withheld, Endeavor will, and each Party hereto will cause its directors, officers,
shareholders, employees, agents, other representatives and affiliates not to, disclose
to any person the fact that discussions or negotiations are taking place concerning
the transactions contemplated hereby, the status thereof, or the existence of this
LOI and the terms thereof, unless in the opinion of such Party disclosure is required
to be made by applicable law, regulation or court order, and such disclosure is made
after prior consultation with GXXM.

 

    	 	2	 

     

    

 

(h)
        Access to Endeavor. Endeavor will give GXXM and its representatives full access to
any personnel and all properties, documents, contracts, books, records and operations of
Endeavor relating to its business. Endeavor will furnish GXXM with copies of documents
and with such other information as GXXM
may reasonably request

4.
       Expenses. Each Party shall have independent counsel and as such all legal fees and expenses
shall be borne by each Party. 

 

5.       Conduct
of Business of Endeavor Pending Closing. Until consummation or termination of the
Closing of the Share Exchange, Endeavor will conduct its business only in the ordinary course and none of the assets of Endeavor
shall be sold or disposed of except in the ordinary course of its business. 

 

6.       Representations
and Warranties. The Definitive Agreement will contain representations and warranties
customary to transactions of this type, including without limitation, representations and warranties
by Endeavor and, if appropriate, the Endeavor Holders, on the one hand, and GXXM, on the other hand as to: (a) the accuracy and
completeness of the Endeavor's Audited and Interim Financial Statements and the GXXM
financial statements filed with the SEC in its Exchange Act Reports; (b) disclosure of Endeavor's
material contracts, commitments and liabilities, direct or contingent; (c) the physical condition, suitability,
ownership and absence of liens, claims and other adverse interests with respect to the Endeavor's assets;
(d) the valid right, title and interest of the Endeavor Holders of their Endeavor Shares; (e) the absence of undisclosed liabilities
with respect to Endeavor, other than as set forth in the Audit and Interim Financial
Statements, and liabilities incurred in the ordinary course of business since that
date of the Interim Financial Statements; (f) the absence of a material adverse change in the condition (financial or otherwise),
business, properties, assets or prospects of Endeavor and GXXM, as the case may be; (g) absence of pending or threatened
litigation (other than disclosed in writing), investigations or other matters affecting the SEC;
(h) the compliance by Endeavor and GXXM with laws and regulations applicable to its business and obtaining
all licenses and permits required for its business; and (i) the due incorporation, organization, valid
existence, good standing and capitalization of Endeavor and GXXM. 

 

7.       Enforceable
Agreement; Compliance with Applicable Laws. This LOI shall constitute an enforceable
agreement between the Parties, and shall serve as the Agreement until such time as the Definitive Agreement may be prepared, however,
not later than September 30, 2018 unless extended by mutual written agreement of the Parties. The Parties agree
to use their respective best efforts to negotiate a mutually acceptable Definitive Agreement and to consummate
the Closing of the Definitive Agreement on or before December 31, 2018, unless extended
by mutual written agreement of the Parties. It is
the understanding of the Company and Seller that all matters referred to in this LOI are conditioned upon
compliance with applicable Federal and state securities laws and other applicable laws.

 

 

    	 	3	 

     

    

 

8.       Exclusivity;
Due Diligence. From and after the date of the execution of this LOI through and including [September 30, 2018] (which date may
be extended by mutual written consent of the Parties) (the “Exclusivity Period”), Endeavor hereby covenants and agrees
that it will not enter into any transaction that would preclude the consummation of the Share Exchange consistent with the terms
set forth in this LOI, nor will Endeavor enter into any discussions or negotiations with respect thereto with any person other
than GXXM. GXXM shall have the right, upon prior written notice to Endeavor, to terminate
its obligations hereunder at any time if the results of its due diligence inquiry are unsatisfactory to GXXM, in its sole discretion,
and in such event, neither party shall have any liability or obligation to the other party. 

 

9.       Termination
and Effects of Termination. The obligations of the Parties to each other under this LOI shall terminate upon the first to occur
of (i) the expiration of the Exclusivity Period, (ii) termination by GXXM pursuant to Section 8 of this LOI, or (iii) the execution
and delivery of a definitive Share Exchange Agreement among the GXXM, Endeavor and the Endeavor Holders, provided that the provisions
and obligations of the parties created by Sections 10 and 11 hereof shall survive the termination of this LOI..

 

10.      Governing
Law. This LOI shall be governed and construed in accordance with the laws of the State of Texas, without giving effect to principles
of conflicts or choice of laws thereof. 

 

11.      Confidentiality.
Each of the parties to this LOI agrees to maintain the confidentiality of the terms of this LOI and the Share Exchange, and not
to use any information it may learn about the other party for any purpose other than to consummate the Share Exchange. Further,
no disclosure of any information concerning this LOI, the Share Exchange or any confidential information delivered by either party
to the other pursuant to this LOI or the Share Exchange shall be disclosed to any other person unless such disclosure is reasonably
necessary in connection with the purposes of this LOI and until such other person shall have first executed and delivered a written
confidentiality agreement (or is otherwise legally bound by reasonably comparable confidentiality obligations existing under contract
or pursuant to the terms of his or her work with any party to this LOI) by which such person agrees to hold in confidence such
confidential information. The obligations of the parties (and of such other persons to whom confidential information is delivered)
pursuant to this paragraph shall continue indefinitely, except as otherwise required by applicable law, governmental regulation,
stock exchange rule or court order. The parties may publish a press release upon [signing/closing], the contents of which will
be subject to the prior approval of both parties, not to be unreasonably withheld or delayed. 

 

12.      Notices.
Any notices, consents, waivers, or other communications required or permitted to be given under the terms of this LOI must be
in writing and will be deemed to have been delivered (i) upon receipt, when delivered personally; (ii) upon confirmation of receipt,
when sent by facsimile or electronic mail; (iii) upon receipt when sent by U.S. certified mail, return receipt requested, or (iv)
one (1) day after deposit with a nationally recognized overnight delivery service, in each case properly addressed to the party
to receive the same. The addresses and facsimile numbers for such communications shall be:

    	 	4	 

     

    

 

 

If to Endeavor:

 

Endeavor Plus, Inc.

394 Broadway Floor Five

New York, NY 10013

Attn.: Pat Dileo

Title: President and Chief Executive
Officer

Telephone: (732)_423-5520

Facsimile: (732) 732-929-1530

Email: pdileo@endeavorplus.com

 

If to GXXM:

 

GEX Management,
Inc.

12001 N. Central Expressway,
Suite 825

Dallas, Texas 75243

Attn: Carl Dorvil

Title: Chief Executive Officer

Telephone: (469) 583-8453

Facsimile: (___) _______________

Email: cdorvil@gexmanagement.com

 

If to GXXM,
with a copy to (does not constitute service):

 

Crone Law Group, P.C.

830 Third Avenue, 5th
Floor

New York, NY 10022

Attn: Eric C. Mendelson, Esq.

Telephone: (646) 278-0886

Facsimile: (212) 840-8560

Email: emendelson@cronelawgroup.com

 

or to such other address as such party may indicate
by a written notice delivered to the other party hereto.

 

 

 

 

    	 	5	 

     

    

 

 

 

(Signatures
on Following Page)

 

 

    	 	6	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this LOI to be duly executed as of the date first written above.

 

 

	GEX MANAGEMENT, INC.	 	ENDEAVOR PLUS, INC.
	 	 	 
	 	 	 
	/s/:  Carl Dorvil	 	/s/: Pat Dileo
	Name: Carl Dorvil	 	Name: Pat Dileo
	Title: Chief Executive Officer	 	Title: Chief Executive Officer

    	 	7

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