Document:

SERVICE
AGREEMENT

 

THIS
AGREEMENT made this 16th day of September 2019 (the “Effective Date”). 

 

BETWEEN:

 

Lazex
Inc., a Nevada company

 

(the
“Company”)

 

AND:

 

Mark
Radom, an individual residing in Bet Shemesh, Israel (the “Executive”)

 

A. The
Company has offered the Executive the position of General Counsel of the Company.

 

B. The
Company and the Executive wish to formally record the terms and conditions upon which the Executive will be hired by and serve
as chief legal officer of the Company.

 

C. Each of the Company and the Executive has agreed to the terms and conditions set forth in this Agreement, as evidenced by their
respective execution hereof.

 

NOW
THEREFORE THIS AGREEMENT WITNESSES that, in consideration of the premises and the mutual covenants and agreements herein contained,
the parties hereto covenant and agree as follows:

 

Article
1

CONTRACT FOR SERVICES

 

	1.1	Engagement
                                         the Executive as General Counsel. (a) The Company hereby agrees to hire the Executive
                                         as General Counsel in accordance with the terms and provisions hereof.

 

		(i)	Term.
                                         Unless terminated earlier in accordance with the provisions hereof, this Agreement will
                                         commence on the Effective Date and will continue for a period of three (3) years therefrom
                                         (the “Term”).

 

		(b)	Service.
                                         The Executive agrees to faithfully, honestly and diligently serve the Company and to
                                         devote the time, attention efforts to further the business and legal interests of the
                                         Company and utilize his professional skills and care during the Term.

 

    	 	 	 

    	 	2	 

    

 

	1.2	Duties:
                                         The Executive’s services hereunder will be provided on the basis of the following
                                         terms and conditions:

 

		(a)	Reporting
                                         directly to the chief executive officer of the Company, the Executive will serve as the
                                         Director of Investor Relations;

 

		(b)	The
                                         Executive will be responsible for setting and managing the Company’s investor relations
                                         and supervising, liaising and instructing outside service providers, in each case, subject
                                         to any applicable law and to instructions provided by the chief executive officer of
                                         the Company from time to time.

 

		(c)	The
                                         Executive will faithfully, honestly and diligently serve the Company and cooperate with
                                         the Company and utilize maximum professional skill and care to ensure that all services
                                         rendered hereunder are to the satisfaction of the Company, acting reasonably, and the
                                         Executive will provide any other services not specifically mentioned herein, but which
                                         by reason of the Executive’s capability, the Executive knows or ought to know to
                                         be necessary to ensure that the best interests of the Company are maintained.

 

		(d)	The
                                         Executive will assume, obey, implement and execute such duties, directions, responsibilities,
                                         procedures, policies and lawful orders as may be determined or given from time to time
                                         by the Company.

 

		(e)	The
                                         Executive will report the results of his duties hereunder to the Company as it may request
                                         from time to time.

 

Article
2

COMPENSATION 

 

	2.1	Remuneration.

 

		(a)	The
                                         Executive’s monthly base salary shall be four thousand United States dollars ($4,000
                                         (together with any increases thereto as hereinafter provided, the “Base Salary”).
                                         The Base Salary shall be payable from August 20, 2019 in accordance with the Company’s
                                         normal payroll procedures in effect from time to time except that the first payment of
                                         $12,000 covering the three-month period from August 20 – November 19, 2019 shall
                                         be due at the earlier of (i) during the first five days of December 2019 or (ii) the
                                         date on which outside capital is raised to the Company. All subsequent monthly payments
                                         of Base Salary shall be paid within the first five days of the following calendar month.
                                         The Base Salary may be increased by the Board from time to time during the Term, but
                                         shall be reviewed by the Board at least annually. The Company shall also issue Executive
                                         as soon as reasonably practicable preferred shares convertible into two and one half
                                         percent (2.5%) of the outstanding shares of its common stock on a fully issued, converted
                                         and diluted basis up to a maximum of 2,500,000 shares of common stock. For the avoidance
                                         of doubt, it is agreed that the number of preferred shares that the Executive shall receive
                                         pursuant to this clause 2.1(a) shall be limited to the lesser of (i) 2,500,000 shares
                                         of the Company’s common stock or (ii) 2.5% of the Company’s common stock
                                         on a fully issued, converted and diluted basis outstanding on the date that is 12 months
                                         from the date hereof. The Company agrees to bear all costs and fees to be charged by
                                         the Company’s transfer agent in respect of such shares. The term “on a fully
                                         issued, converted and diluted basis” means that to the extent that there are outstanding
                                         any notes, preferred shares, options, warrants or other securities that are convertible
                                         into shares of common stock (collectively, “Convertible Securities”), then
                                         the number of shares of common stock outstanding shall include 100% of the shares of
                                         common stock into which the Convertible Securities are convertible. Notwithstanding anything
                                         else to the contrary in this paragraph (i.e., excluding any shares, options or other
                                         securities to be issued to Consultant as part of any incentive plan), it is agreed that
                                         the Consultant shall not at any time have more than 2.5% of the then outstanding shares
                                         of the Company’s common stock.

 

    	 	 	 

    	 	3	 

    

 

Starting
in the second year of this Agreement, Executive’s monthly base salary shall be increased in accordance with industry standard
compensation for chief legal officers so long as the Company has completed a capital raise or has the cash flow available to do
so.

 

To
the extent that the Company does not have sufficient funds to pay Executive his Base Salary, the Executive agrees that he shall
defer the aggregate unpaid amount (the “Deferral Amount”) which will be registered in the Company’s books as
a loan given to the Company by the Executive. As and when the Company has additional funds from any source, the Company will pay
as much of Executive’s Base Salary as possible. So long as any amount of the Executive’s Base Salary remains unpaid,
the Executive will have the option to convert such amount, or part of it into shares of the Company at the average trading price
of the 10 days prior to the date of the request by the Executive to exercise this option. This option will survive the Term of
this agreement.

 

		(b)	The
                                         Executive shall be eligible to participate in employee benefit plans currently and hereafter
                                         maintained by the Company of general applicability to other senior executives of the
                                         Company, including, without limitation, the Company’s group medical, dental, vision,
                                         disability, life insurance, and flexible-spending account plans. Subject to the following
                                         sentence, the Executive will be entitled to receive up to a one-time bonus of one and
                                         a half percent (1.5%) of the then outstanding shares of common stock of the Company promptly
                                         after the value of the Company’s outstanding stock equals $100 million dollars.
                                         Notwithstanding the foregoing, the Executive will only receive such number of shares
                                         of common stock as will bring the total number of shares of common stock to be received
                                         by the Executive pursuant to clause 2.1(a) to 2,500,000 (i.e., not counting any shares
                                         to be received from participating in the the Company’s benefit plans or other grants/awards
                                         of shares of common stock).

 

    	 	 	 

    	 	4	 

    

 

		(c)	In
                                         addition to the foregoing, the Company will grant the Executive additional compensation
                                         in the form of cash or shares in cases of extraordinary contribution by him to the benefit
                                         of the Company as the Board of Directors of the Company will decide.

 

		(d)	The
                                         Executive’s position with the Company requires a special degree of personal trust,
                                         and the Company is not able to supervise the number of working hours of the Executive.
                                         Therefore the Executive will not be entitled to any additional remuneration whatsoever
                                         for his work with the exception of that specifically set out in this Agreement. The Executive
                                         has other business interests and, as such, shall be permitted to spend such time as the
                                         Executive deems necessary or expedient on such interests, so long as there is no adverse
                                         material impact on the Executive’s performance of his obligations hereunder.

 

	2.2	Incentive
                                         Plans. The Executive will be entitled to participate in any bonus plan or incentive
                                         compensation plans (including, without limitation, equity or option plans) for its directors,
                                         officers or employees adopted by the Company.

 

	2.3	Expenses.
                                         The Executive will be reimbursed by the Company for all reasonable business expenses
                                         incurred by the Executive in connection with his duties. This includes, but is not limited
                                         to, payments of expenses incurred when traveling abroad and others. In this connection,
                                         the Executive will be issued, as soon as practicable, a Company credit card that the
                                         Executive will use to pay for any and all expenses that pertain to the Company.

 

Article
3

Insurance and Benefits

 

	3.1	Liability
                                         Insurance Indemnification. The Company will insure the Executive (including his heirs,
                                         executors and administrators) with coverage under a standard directors’ and officers’
                                         liability insurance policy at the Company’s expense.

 

Article
4

CONFIDENTIALITY AND NON-COMPETITION

 

	4.1	Maintenance
                                         of Confidential Information.

 

		(a)	The
                                         Executive acknowledges that, in the course of performing his obligations hereunder, the
                                         Executive will, either directly or indirectly, have access to and be entrusted with confidential
                                         information (whether oral, written or by inspection) relating to the Company or its respective
                                         affiliates, associates or customers (the “Confidential Information”).

 

		(b)	The
                                         Executive acknowledges that the Company’s Confidential Information constitutes
                                         a proprietary right, which the Company is entitled to protect. Accordingly, the Executive
                                         covenants and agrees that, as long as he works for the Company, the Executive will keep
                                         in strict confidence the Company’s Confidential Information and will not, without
                                         prior written consent of the Company, disclose, use or otherwise disseminate the Company’s
                                         Confidential Information, directly or indirectly, to any third party.

 

    	 	 	 

    	 	5	 

    

 

		(c)	The
                                         Executive agrees that, upon termination of his services for the Company, he will immediately
                                         surrender to the Company all Company Confidential Information then in his possession
                                         or under his control.

 

	4.2	Exceptions. The general prohibition contained in Section 4.1 against the unauthorized disclosure,
                                         use or dissemination of the Company’s Confidential Information will not apply in
                                         respect of any Company Confidential Information that:

 

		(a)	is
                                         available to the public generally;

 

		(b)	becomes
                                         part of the public domain through no fault of the Executive;

 

		(c)	is
                                         already in the lawful possession of the Executive at the time of receipt of the Company’s
                                         Confidential Information; or

 

		(d)	is
                                         compelled by applicable law or regulation to be disclosed, provided that the Executive
                                         gives the Company prompt written notice of such requirement prior to such disclosure
                                         and provides commercially reasonable assistance at the request and expense of the Company,
                                         in obtaining an order protecting the Company’s Confidential Information from public
                                         disclosure.

 

Article
5

TERMINATION

 

	5.1	Termination
                                         of Employment. The Executive’s employment may be terminated only as follows:

 

		(a)	Termination
                                         by the Company

 

		(i)	For
                                         Cause. The Company may terminate the Executive’s employment for Cause.

 

		(ii)	Without
                                         Cause. The Company may terminate Executive’s employment at any time by giving Executive
                                         60 days prior written Notice of the termination. In such case, 100% of the Executive’s
                                         unvested stock and option compensation of any nature will vest without any further action
                                         required on the part of the Executive or the Company and the Company will deliver to
                                         the order of the Executive promptly upon receipt of a written demand of the Executive
                                         such shares of common stock or options at its sole expense as become due to Executive
                                         hereunder. The Executive’s right to receive compensation whether in cash or securities
                                         shall survive any termination of this Agreement Without Cause.

 

    	 	 	 

    	 	6	 

    

 

		(b)	Termination
                                         by the Executive

 

		(i)	For
                                         Good Reason. The Executive may terminate the Executive’s employment with the Company
                                         for Good Reason.

 

		(ii)	Without
                                         Good Reason. The Executive may voluntarily terminate the Executive’s employment
                                         with the Company at any time by giving the Company 120 days prior written Notice of the
                                         termination.

 

		(c)	Termination
                                         Upon Death or Disability

 

		(i)	Death.
                                         The Executive’s employment shall terminate upon the Executive’s death.

 

		(ii)	Disability.
                                         The Company may terminate the Executive’s employment upon the Executive’s
                                         Disability.

 

		(d)	For
                                         the purpose of this Article 5, “Cause” means:

 

		(i)	Breach
                                         of Agreement. Executive’s material breach of Executive’s obligations of this
                                         Agreement, not cured after 30 days’ Notice from the Company.

 

		(ii)	Gross
                                         Negligence. Executive’s gross negligence in the performance of Executive’s
                                         duties.

 

		(iii)	Crimes
                                         and Dishonesty. Executive’s conviction of or plea guilty to any crime involving,
                                         dishonesty, fraud or moral turpitude.

 

		(iv)	In
                                         the event of termination of this agreement for Cause, the Company may terminate the Executive’s
                                         employment after 30 days’ Notice.

 

		(e)	For
                                         the purpose of this Article 5, “Good Reason” means:

 

		(i)	Breach
                                         of Agreement. The Company’s material breach of this Agreement, which breach has
                                         not been cured by the Company within 30 days after receipt of written notice specifying,
                                         in reasonable detail, the nature of such breach or failure from Executive.

 

		(ii)	Non-Payment.
                                         The failure of the Company to pay any amount due to Executive hereunder, which failure
                                         persists for 30 days after written notice of such failure has been received by the Company.

 

		(iii)	Change
                                         of Responsibilities/Compensation. Any material reduction in Executive’s title or
                                         a material reduction in Executive’s duties or responsibilities or any material
                                         adverse change in Executive’s Base Salary or any material adverse change in Executive’s
                                         benefits.

 

    	 	 	 

    	 	7	 

    

 

		(iv)	Change
                                         of Location. Any relocation of the premises at which Executive works to a location more
                                         than 20 kilometers from such location, without Executive’s consent.

 

		(f)	It
                                         is agreed that in the event of termination of this agreement if the Company decides that
                                         the Executive’s services are not needed during the termination period, the Company
                                         will continue to be responsible for paying cash and equity compensation as defined in
                                         Article 2 of this Agreement for the entire termination period. Neither the Company, nor
                                         the Executive will be entitled to any notice, or payment in excess of that specified
                                         in this Article 5.

 

		(g)	Upon
                                         the termination (whether for cause, disability, death, without cause, or by way of change
                                         of control), the Company shall pay to Executive on the date required under applicable
                                         law: (i) any accrued but unpaid Base Salary for services rendered as of the date of termination,
                                         (ii) (if applicable) any accrued but unpaid vacation pay, and (iii) the business expenses
                                         reasonably incurred by the Executive up to the date of termination or resignation and
                                         properly reimbursable, in each case less any applicable deductions or withholdings required
                                         by law.

 

Section
5.2 Termination for Cause, Disability or Death

 

In
the event that this Agreement and the Executive’s employment with the Company is terminated for Cause, the Company
shall provide the Executive written notice thereof and Executive shall be entitled only to the amounts specified in Section
5.1 plus all vested common or preferred shares and, if applicable options and warrants.

 

Section
5.3 Termination without Cause

 

In
the event this Agreement and the Executive’s employment with the Company is terminated by the Company without Cause
(other than for death or Disability or in connection with a change of control), then in addition to the amounts specified in
Section 5.1 and subject to the Executive’s execution and non-revocation of a separation agreement containing a general
release and waiver of liability against the Company and anyone connected with it in form acceptable to the Company, the
Executive shall be entitled to receive, and the Company shall pay the Executive, two (2) years Base Salary (less statutory
deductions and withholdings) in a single lump sum, paid in full within 30 days of termination. Further, Executive shall be
entitled to all vested common or preferred shares and, if applicable, options and warrants with vesting continuing for 12
months following termination as applicable.

 

    	 	 	 

    	 	8	 

    

 

Article
6

Mutual Representations

 

	6.1	The
                                         Executive represents and warrants to the Company that the execution and delivery of this
                                         Agreement and the fulfillment of the terms hereof

 

		(a)	will
                                         not constitute a default under or conflict with any agreement or other instrument to
                                         which he is a party or by which he is bound; and

 

		(b)	do
                                         not require the consent of any person or entity.

 

	6.2	The
                                         Company represents and warrants to the Executive that this Agreement has been duly authorized,
                                         executed and delivered by the Company and that the fulfillment of the terms hereof

 

		(a)	will
                                         not constitute a default under or conflict with any agreement of other instrument to
                                         which it is a party or by which it is bound; and

 

		(b)	do
                                         not require the consent of any person of entity.

 

	6.3	Each
                                         party hereto warrants and represents to the other that this Agreement constitutes the
                                         valid and binding obligation of such party enforceable against such party in accordance
                                         with its terms subject to applicable bankruptcy, insolvency, moratorium and similar laws
                                         affecting creditors’ rights generally, and subject, as to enforceability, to general
                                         principles of equity (regardless if enforcement is sought in proceeding in equity or
                                         at law).

 

Article
7

notices

 

	7.1	Notices.
                                         All notices required or allowed to be given under this Agreement must be made either
                                         personally by delivery to or by facsimile transmission to the address as hereinafter
                                         set forth or to such other address as may be designated from time to time by such party
                                         in writing:

 

		(a)	in
                                         the case of the Company, to:

 

Lazex
Inc. 

 

To
be provided under separate cover within three days after the date hereof; in the event that Executive does not receive notice
of address within such period, then Executive shall be entitled to send any notice to any email address of the Company known to
Executive and the sending of any such notice shall constitute receipt of notice whether the Company receives such notice or not.

 

		(b)	and
                                         in the case of the Executive, to the Executive’s last residence address known to
                                         the Company or mark@gcanrx.com.

 

    	 	 	 

    	 	9	 

    

 

	7.2	Change
                                         of Address. Any party may, from time to time, change its address for service hereunder
                                         by written notice to the other party in the manner aforesaid.

 

Article
8

GENERAL

 

	8.1	Further
                                         Assurances. Each party hereto will promptly and duly execute and deliver to the other
                                         party such further documents and assurances and take such further action as such other
                                         party may from time to time reasonably request in order to more effectively carry out
                                         the intent and purpose of this Agreement and to establish and protect the rights and
                                         remedies created or intended to be created hereby.

 

	8.2	Waiver.
                                         No provision hereof will be deemed waived and no breach excused, unless such waiver or
                                         consent excusing the breach is made in writing and signed by the party to be charged
                                         with such waiver or consent. A waiver by a party of any provision of this Agreement will
                                         not be construed as a waiver of a further breach of the same provision.

 

	8.3	Amendments
                                         in Writing. No amendment, modification or rescission of this Agreement will be effective
                                         unless set forth in writing and signed by the parties hereto.

 

	8.4	Assignment.
                                         Except as herein expressly provided, the respective rights and obligations of the Executive
                                         and the Company under this Agreement will not be assignable by either party without the
                                         written consent of the other party and will, subject to the foregoing, inure to the benefit
                                         of and be binding upon the Executive and the Company and their permitted successors or
                                         assigns. Nothing herein expressed or implied is intended to confer on any person other
                                         than the parties hereto any rights, remedies, obligations or liabilities under or by
                                         reason of this Agreement. For the avoidance of doubt, it is agreed that in the event
                                         that the Company participates in a merger, acquisition, restructuring, regoranization
                                         or other transaction in which the Company is merged into, sold to or otherwise becomes
                                         part of or owned by another company or entity, this Agreement will remain in force and
                                         be binding on any such successor, surviving or acquiring company or entity.

 

	8.5	The
                                         Company acknowledges and agrees that the Executive may submit to the Company invoices
                                         from a company that employs him in lieu of invoices on his name. The Executive confirms
                                         that any such invoice will replace his own invoice and he agrees that his fees will be
                                         paid by the Company to third parties provided that it is done as per his instructions
                                         to the Company.

 

	8.6	Severability.
                                         In the event that any provision contained in this Agreement is declared invalid, illegal
                                         or unenforceable by a court or other lawful authority of competent jurisdiction, such
                                         provision will be deemed not to affect or impair the validity or enforceability of any
                                         other provision of this Agreement, which will continue to have full force and effect.

 

    	 	 	 

    	 	10	 

    

 

	8.7	Headings.
                                         The headings in this Agreement are inserted for convenience of reference only and will
                                         not affect the construction or interpretation of this Agreement.

 

	8.8	Number
                                         and Gender. Wherever the singular or masculine or neuter is used in this Agreement,
                                         the same will be construed as meaning the plural or feminine or a body politic or corporate
                                         and vice versa where the context so requires.

 

	8.9	Time.
                                         Time is of the essence in this Agreement.

 

	8.10	Governing
                                         Law. This Agreement will be construed and interpreted in accordance with the laws
                                         of the State of New York without reference to its conflicts of laws principles or the
                                         conflicts of laws principles of any other jurisdiction, and each of the parties hereto
                                         expressly attorns to the jurisdiction of the courts of the State of New York. The sole
                                         and exclusive place of jurisdiction in any matter arising out of or in connection with
                                         this Agreement will be the applicable New York state or federal court.

 

	8.11	This
                                         Agreement (including all Annexes thereto) constitutes the entire agreement between the
                                         Parties with respect to the subject matter thereof and supersedes all prior agreements,
                                         understandings and negotiations, both written and oral, between the Parties with respect
                                         to this matter.

 

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

 

	Lazex
    Inc. 	 
	 	 
	/s/
    Mike Ballardie	 
	Title:
    CEO 	 
	 	 
	Agreed
    and accepted: 	 
		 
	Mark
    Radom	 
	 	 
	/s/
    Mark RadomAugust
23, 2019

 

BY
ELECTRONIC MAIL

 

Lazex
Inc.

68-29
Husitska St.

Zizkov

Prague
13000

Czech Republic

 

Re:
resignation from the board of directors

 

Effective
as of the 23rd day of August, 2019, I, Iuliia Gitelman, hereby terminate my directorship in Lazex Inc. (the “Company”)
and resign from the board of directors, in addition to resigning all positions as an officer of the Company. I confirm that I
am not owed any amounts of cash shares or other forms of compensation whatsoever for my service as a director, officer, or in
any other capacity whatsoever. I further agree that any and all other amounts which may be due and owing to me by the Company
(whether by way of loan, advance, reimbursement, or any other form) are hereby waived and of no further force and effect. Furthermore,
I hereby waive any and all rights and claims that I may have now or in the future, both known and unknown, against the Company
in respect of my service as a director or officer, or in any other regard or relationship.

 

Yours
truly,

 

	/s/ Iuliia Gitelman	 

Iuliia
Gitelman

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