Document:

pvotf_ex1024.htm

EXHIBIT 10.24
  
 DEBT FORGIVENESS AGREEMENT
  
 This Debt Forgiveness Agreement (“Agreement”), entered into effective July 31, 2017, by and between Pivot Pharmaceuticals Inc. (the “Company”) and Moira Ong (“Lender”), in reference to the following: 
  
 WHEREAS, the Company is indebted to Lender for an amount equal to US$272,000 for accrued and unpaid salary (the “Debt”);
  
 WHEREAS, subject to certain conditions contained herein, Lender has determined to forgive the Debt in its entirety; and
  
 WHEREAS, the Company has determined that the forgiveness of the Debt is in the best interest of the Company.
  
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency are hereby acknowledged, the parties agree as follows:
  
 1. Debt Forgiveness. Lender hereby forgives the Debt in its entirety.
  
 2. Representations and Warranties of Lender. Lender hereby represents and warrants to the Company that there are no legal actions, suits, arbitration or other legal or administrative proceedings or governmental investigations pending or contemplated which would prevent the enforcement of this Agreement.
  
 3. Representations and Warranties of the Company. The Company hereby represents and warrants to Lender as follows:
  
  	  
	a.	Organization and Standing. The Company is a corporation duly organized, validly existing and in good standing under the laws of British Columbia, Canada.
	  
	  
	  

	  
	b.	Corporate Authority. The Company has all the required corporate power and authority to enter into this Agreement and to perform the transactions contemplated herein. The execution and delivery by Company of this Agreement and the consummation of all transactions contemplated herein have been duly and validly authorized. This Agreement is the legal, valid and binding obligation of Company enforceable in accordance with its terms.

  
 3. Survival of Representations and Warranties. All representations and warranties of each party shall survive after the conclusion of this Agreement. 
  
 5. Indemnification. The Company hereby agrees to indemnify and hold Lender harmless against, in respect of, and shall on demand, reimburse it for:
  
  	  
	a.	any and all loss, liability or damage suffered or incurred by Lender by reason of any untrue representation, breach of warranty or nonfulfillment of any covenant or agreement by the Company contained herein or in any certificate, document or instrument delivered by Lender hereunder; and
	  
	  
	  

	  
	b.	any and all actions, suites, proceedings, claims, demand, assessments, judgments, costs and expenses, including, without limitation, reasonable legal fees and expenses, incident to any of the foregoing or incurred in investigation or attempting to avoid the same or to oppose the imposition thereto, or in enforcing this indemnity.

   	 
	 1

	 
 
	 

  
  	  
	c.	any and all liabilities, costs, damages, penalties, assessments, remedies, claims, orders, judgments, and expenses of any kind or nature (“Claims”) sustained, asserted or claimed by the Lender, any third party, or the Company, as a result of, arising directly or indirectly from, or related in any manner to, the Company or its affiliates, subsidiaries, officers, directors, employees, agents, successors and assigns.

  
 6. General Release. The Company and its affiliates, subsidiaries, officers, directors, employees, agents, successors and assigns also release, discharge and forever acquit the Lender from any and all Claims. 
 
 7. Governing Law. This Agreement shall be governed and construed in accordance with the laws of the Province of British Columbia, Canada.
  
 
 8. Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the transactions contemplated herein, and may be amended or modified only by an instrument in writing signed by the parties hereto.
  
 9. Notices. All notices and other communication to be given under or by reason of this Agreement shall be in writing and shall be deemed to have been duly given when delivered in person or by internationally recognized courier service, addressed as follows:
  
  	 if to Lender:
	  
	 Moira Ong 
 2392 Lawson Avenue
 West Vancouver, BC
 Canada V7V 2E6

	  
	  
	  

	 if to the Company:
	  
	 Pivot Pharmaceuticals Inc. 
 1275 West 6th Avenue, Suite 300
 Vancouver, BC
 Canada V6H 1A6

 
 
 IN WITNESS HEREOF, the parties hereto have executed this Agreement on the day and year first written above.
  
  
  	 	 LENDER:
  
 MOIRA ONG
	
	 	 	 	 
	 	By:	/s/ Moira Ong	
	  
	 Name:
	Moira Ong	 
	 	 		 
	 	 THE COMPANY:
  
 PIVOT PHARMACEUTICALS INC.
	 
	  
	  
	  
	  

	  
	 By:
	 /s/ Ahmad Doroudian
	  

	  
	 Name:
	 Ahmad Doroudian
	  

	  
	 Title:
	 Chairman
	  

  
  
  	 2pvotf_ex1025.htm

EXHIBIT 10.25
  
  
 DEBT FORGIVENESS AGREEMENT
  
 This Debt Forgiveness Agreement (“Agreement”), entered into effective July 31, 2017, by and between Pivot Pharmaceuticals Inc. (the “Company”) and Soho Capital Inc. (“Lender”), in reference to the following: 
  
 WHEREAS, the Company is indebted to Lender for an amount equal to US$160,000 for accrued and unpaid salary (the “Debt”);
  
 WHEREAS, subject to certain conditions contained herein, Lender has determined to forgive the Debt in its entirety; and
  
 WHEREAS, the Company has determined that the forgiveness of the Debt is in the best interest of the Company.
  
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency are hereby acknowledged, the parties agree as follows:
  
 1. Debt Forgiveness. Lender hereby forgives the Debt in its entirety.
  
 2. Representations and Warranties of Lender. Lender hereby represents and warrants to the Company that there are no legal actions, suits, arbitration or other legal or administrative proceedings or governmental investigations pending or contemplated which would prevent the enforcement of this Agreement.
  
 3. Representations and Warranties of the Company. The Company hereby represents and warrants to Lender as follows:
  
  	  
	a.	Organization and Standing. The Company is a corporation duly organized, validly existing and in good standing under the laws of British Columbia, Canada.
	  
	  
	  

	  
	b.	Corporate Authority. The Company has all the required corporate power and authority to enter into this Agreement and to perform the transactions contemplated herein. The execution and delivery by Company of this Agreement and the consummation of all transactions contemplated herein have been duly and validly authorized. This Agreement is the legal, valid and binding obligation of Company enforceable in accordance with its terms.

  
 3. Survival of Representations and Warranties. All representations and warranties of each party shall survive after the conclusion of this Agreement. 
  
 5. Indemnification. The Company hereby agrees to indemnify and hold Lender harmless against, in respect of, and shall on demand, reimburse it for:
  
  	  
	 a.
	 any and all loss, liability or damage suffered or incurred by Lender by reason of any untrue representation, breach of warranty or nonfulfillment of any covenant or agreement by the Company contained herein or in any certificate, document or instrument delivered by Lender hereunder; and

	  
	  
	  

	  
	 b.
	 any and all actions, suites, proceedings, claims, demand, assessments, judgments, costs and expenses, including, without limitation, reasonable legal fees and expenses, incident to any of the foregoing or incurred in investigation or attempting to avoid the same or to oppose the imposition thereto, or in enforcing this indemnity.

  
  	 
	 1

	 
 
	 

  
  	  
	c.	 any and all liabilities, costs, damages, penalties, assessments, remedies, claims, orders, judgments, and expenses of any kind or nature (“Claims”) sustained, asserted or claimed by the Lender, any third party, or the Company, as a result of, arising directly or indirectly from, or related in any manner to, the Company or its affiliates, subsidiaries, officers, directors, employees, agents, successors and assigns.

  
 6. General Release. The Company and its affiliates, subsidiaries, officers, directors, employees, agents, successors and assigns also release, discharge and forever acquit the Lender from any and all Claims. 
 
 7. Governing Law. This Agreement shall be governed and construed in accordance with the laws of the Province of British Columbia, Canada.
  
 
 8. Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the transactions contemplated herein, and may be amended or modified only by an instrument in writing signed by the parties hereto.
  
 9. Notices. All notices and other communication to be given under or by reason of this Agreement shall be in writing and shall be deemed to have been duly given when delivered in person or by internationally recognized courier service, addressed as follows:
  
  
 	 if to Lender:
	  
	 Soho Capital Inc. 
 3456 Dunbar Street V6S 2C2
 Vancouver, BC
 Canada V6S 2C2

	  
	  
	  

	 if to the Company:
	  
	 Pivot Pharmaceuticals Inc. 
 1275 West 6th Avenue, Suite 300
 Vancouver, BC
 Canada V6H 1A6

  
 IN WITNESS HEREOF, the parties hereto have executed this Agreement on the day and year first written above.
  
  
  	 	 LENDER:
  
 SOHO CAPITAL INC.
	
	 	 	 	 
	 	By:	/s/ Kam Dass	
	  
	 Name:
	Kam Dass	 
	 	Title:	Secretary/Treasurer	 
	  
	  
	  
	  

	  
	 THE COMPANY:
  
 PIVOT PHARMACEUTICALS INC.
	  

	  
	  
	  
	  

	  
	 By:
	 /s/ Ahmad Doroudian
	  

	  
	 Name:
	 Ahmad Doroudian
	  

	 	Title:	Chairman	 

  
  
  	 2EX-4.1

 Exhibit 4.1 
  

 
 

 
  
 Genprex, Inc. NUMBER CERT.9999 INCORPORATED UNDER THE LAWS OF THE
STATE OF DELAWARE $0.001 PAR VALUE COMMON STOCK SHARES *********9,000,000********* CUSIP 372446104 COMMON STOCK THIS CERTIFIES THAT * SPECIMEN * Is The Owner of * NINE MILLION AND 00/100 * FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK OF
Genprex, Inc. Transferable on the books of the Corporation in person or by duly authorized attorney upon surrender of this Certificate properly endorsed. This Certificate is not valid until countersigned by the Transfer Agent and registered by the
Registrar. Dated: JANUARY 01, 2009 COUNTERSIGNED AND REGISTERED: VSTOCK TRANSFER, LLC Transfer Agent and Registrar By: AUTHORIZED SIGNATURE President and Chief Executive Officer Chief Financial Officer 

 The following abbreviations, when used in the inscription on the face of this certificate, shall
be construed as though they were written out in full according to applicable laws or regulations. 
  

													
	TEN COM            	  	 -   as tenants in common
	 	        UNIF GIFT MIN ACT	 	
                     
        
	 	Custodian	 	                                 
	TEN ENT	  	 -   as tenants by the entireties
	 		 		 	(Cust)	 		 	(Minor)
	JT TEN	  	 -   as joint tenants with the right of survivorship and not as tenants
in common
	 		 	  

                Act         
                                         
   
	 	
	  	 		 	    (State)	 	
			
		  	Additional abbreviations may also be used though not in the above list.	 	

 For value received,
                                         
                                         
                               hereby sell, assign and transfer unto 

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE: 
  

			
	  

	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
	
	  

	
	  

	
	  

		
	  
	 	shares
	of the capital stock represented by the within Certificate, and do hereby irrevocably constitute and appoint

                          
                                         
                                         
                                         
                                         
      , Attorney to transfer the said stock on the books of the within named Corporation with full power of substitution in the premises. 

Dated
                                         
                
  

			
	X	 	                                     
                                         
                                         
                                         
                                         
                                         
            

 THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THIS
CERTIFICATE. THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (Banks, Stockbrokers, Savings and Loan Associations and Credit Unions). 

SIGNATURE GUARANTEED: 
 TRANSFER FEE WILL
APPLY

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