Document:

Exhibit 10.40 

 

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT AGREEMENT (the "Agreement")
is made and entered into by and between VIRAL GENETICS, INC., a Delaware corporation (the "Employer"), and Haig Keledjian,
("Employee") effective the 1st day of January 2011 (the "Effective Date").

 

(the Employer and Employee are jointly referred to herein as
the "Parties")

 

WHEREAS, Employee and Employer are
party to a Employment Agreement dated May 20, 2007 (the "Old Agreement") and desire to replace it with a new agreement;
and

 

WHEREAS, Employer is a company engaged
in the business of researching, developing and distributing biomedical products and technology; and

 

WHEREAS, Employee has been employed
in and has experience in the Employer's business; and

 

WHEREAS, the Employer desires to
provide for the employment of Employee, to clearly set forth the relationship between the parties, and to restrict Employee from
using certain confidential information and from competing with the Employer in the future.

 

NOW THEREFORE, for good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows.

 

1)Non-Exclusive Employment of Employee;
Term. Except with respect to those Sections of the Old Agreement intended to survive termination, including, without limitation,
Sections 10, 11, 12, and 17, the Old Agreement is hereby terminated, superceded and replaced with this Agreement. All compensation
due or paid to Employee under the Old Agreement, including without limitation, salary or options, shall remain earned and due
to Employee. The Employer hereby engages Employee as its non-exclusive provider of the Employment services described in this Agreement,
for a term which will commence on the date of this Agreement and end December 31, 2015.

 

2)Duties. Employer hereby employs
Employee to, at an executive officer level position, manage Employer as chief executive officer and president. To facilitate the
performance of his duties, Employee shall be designated "Chief Executive Officer and President." Employee agrees to
serve from time to time at the pleasure of the board of directors in such additional and/or other offices or positions with Employer
as shall be determined by Employer's board of directors, without compensation except as set forth herein. Employee shall devote
sufficient working time and efforts to the business of Employer. Employee shall not during the term of this Agreement be engaged
in any other substantial business activities which will significantly interfere or conflict with the performance of his duties
hereunder, provided that Employee is hereby permitted to act as Chief Executive Officer and President of VG Energy, Inc., a Delaware
corporation, under an Employment Agreement of even date herewith.

 

3)Facilities. Employer will
provide to Employee at suitable offices and facilities appropriate for his position and suitable for the performance of his responsibilities

 

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4) Reasonable Best Efforts. Employee
agrees that he will at all times faithfully, industriously, and to the reasonable best of his abilities, experience, and talents,
perform all of the duties that may be required of and from his pursuant to the express and explicit terms hereof.

 

5) Term. The term of this Agreement
shall be for the period commencing on the Effective Date and continuing through December 31, 2015 (the "Initial Term). This
Agreement may be renewed for successive one-year terms upon the agreement of the Employer and Employee to renew this Agreement.
For all purposes of this Agreement, including for purposes of applying the renewal provisions of this paragraph to any term subsequent
to the term then being extended, the Expiration Date shall mean December 31, 2015 for the Initial Term hereof or December 31 at
the end of any one-year renewal term, as the case may be.

 

6) Compensation. 

 

	a)		Salary. Employer shall pay to Employee a base salary of $195,000 per annum
payable in accordance with the payroll procedures established by Employer. Such salary shall be subject to an annual review and
may be increased, but not decreased, by the Company's board of directors. The salary to Employee and all other compensation and
benefits hereunder shall be subject to withholding and other applicable taxes. Earned but unpaid Fees due hereunder shall automatically
and without a requirement for notice or consent by either party accrue under the Convertible Note attached hereto as Exhibit A.

	 		 

	b)		Options. For and in consideration of the agreement of the Employee to enter
into this Agreement and as an incentive for the Employee to use his best efforts in pursuit of the Company's business, concurrently
with the execution of this Agreement the Employer and Employee shall enter into an option agreement for a bonus of 12,000,000
options in the form attached hereto as Exhibit B (the "Initial Option"), provided that the exercise price shall be determined
as set forth in this paragraph. On each annual anniversary during the Initial Term and each subsequent one-year extension period
as described in paragraph 5, if any, Employer shall grant an additional option of similar tenor but in an amount equal to not
less than 3,000,000 options (each an "Annual Option"). The exercise price of the Initial Option shall be equal to the
volume weighted average price ("VWAP") for the twenty (20) trading days immediately following the actual date of execution
of this Agreement. The exercise price of each Annual Option thereafter shall be equal to the VWAP for the twenty (20) trading
days commencing on January 1 of each such year.

	 		 

	c)		Benefits, Other Consideration. Employee shall be entitled to participate in
all of Employer's benefit plans, which may include, but are not limited to, long-term disability insurance, medical, dental, life
insurance, retirement, pension, profit sharing, or other plan as in effect from time to time on the same basis as other employees
and/or as appropriate for Employee's position.

	 		 

	d)		Reimbursement of Expenses. The Employer shall reimburse all expenses incurred
by Employee in the performance of the Services.

	 		 

	e)		Vacations, Sick Days, Holidays. Employee shall be entitled each year to a paid
vacation of at least ten (10) working days. Vacation shall be taken by Employee at times and with starting and ending dates determined
by Employee taking into account the reasonable needs of Employer. Vacation or portions of vacations not used in one employment
year shall carry over to the succeeding employment year, but shall thereafter expire if not used within such succeeding year.

 

7) Employer Representations and Warranties.
The Employer hereby represents and warrants, knowing that Employee is relying thereon, that:

 

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	a)		The Employer is duly organized, validly existing and in good standing under the laws
of the state of Delaware. The Employer is qualified to do business as a foreign corporation in each state in which its business
requires it to be so qualified.

	 		 

	b)		All Shares issuable upon exchange of salary and, upon receipt of the full exercise
price, where applicable, all shares issued to Employee under options will be duly and validly issued, fully paid and non-assessable,
and will be delivered free and clear of any liens, claims or encumbrances, except for restrictions imposed by reference to the
registration requirements of the Securities Act of 1933.

 

8) Employee Representations. Employee
hereby represents, knowing that the Employer is relying thereon, that:

 

	a)		Employee is an Accredited Investor, as that term is defined in Regulation D in the
Securities Act, 1933, and Employee has completed the attached Exhibit C, or, in lieu of this, Employee agrees that the Option
and Shares shall only be issued immediately if and when an appropriate exemption from registration exists or an effective registration
statement is available;

	 		 

	b)		Employee has not in the past, nor will he in the future engage in any activity contrary
to the securities laws of any jurisdiction including, without limitation, those of the United States of America; and

	 		 

	c)		Employee has read and accepted the Viral Genetics Intellectual Property Agreement,
attached hereto as Exhibit D, which is part of this Agreement and the provisions of which shall survive the expiration or earlier
termination of this Agreement in strict accordance with the time periods as described therein.

 

9) Changes to Common Stock. In
the event that the Employer shall undertake a recapitalization, reverse stock split, forward stock split, reclassification, or
other change to its common stock (a "Change in Common Stock Properties"), the quantity of Shares which may be acquired
through exercise of any delivered but unexercised options or undelivered options, and the exercise price payable thereto shall
be increased or decreased proportionately, in accordance with the terms of said Change in Common Stock Properties.

 

10) Extension and Renewal. The
Term may be extended or renewed, and this Agreement may be amended, only by the written agreement of the parties.

 

11) Indemnification.

 

	a.		The Employer hereby indemnifies and defends the Employee and each of his executors,
heirs, assigns, and representatives, as applicable, (each, an "Indemnitee") against, and holds each Indemnitee harmless
from, any loss, liability, obligation, deficiency, damage or expense including, without limitation, interest, penalties, reasonable
attorneys' fees and disbursements (collectively, "Damages"), that any Indemnitee may suffer or incur based upon, arising
out of, relating to or in connection with (whether or not in connection with any third party claim):

 

	i.		any breach of any representation or warranty made by the Employer contained in this
Agreement;

 

	ii.		the failure of the Employer to perform or to comply with any covenant or condition
required to be performed or complied with in accordance with this Agreement; and

 

	iii.		the good faith performance of the Services.

 

	b.		Indemnification Procedures for Third Party Claims.

 

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	i.		Promptly after notice to an Indemnitee of any claim or the commencement of any action
or proceeding, including any actions or proceedings by a third party (hereafter referred to as "Proceeding" or "Proceedings"),
involving any Damage referred to in this Section, such Indemnitee shall, if a claim for indemnification in respect thereof is
to be made against an Indemnitee pursuant to this Section, give written notice to the Employer, setting forth in reasonable detail
the nature thereof and the basis upon which such party seeks indemnification hereunder; provided, however, that the failure of
any Indemnitee to give such notice shall not relieve the Employer of its obligations hereunder, except to the extent that the
Employer is actually prejudiced by the failure to give such notice.

 

	ii.		In the case of any Proceeding by a third party against an Indemnitee, the Employer
shall, upon notice as provided above, assume the defense thereof, with counsel reasonably satisfactory to the Indemnitee, and,
after notice from the Employer to the Indemnitee of its assumption of the defense thereof, the Employer shall not be liable to
such Indemnitee for any legal or other expenses subsequently incurred by the Indemnitee in connection with the defense thereof
(but the Indemnitee shall have the right, but not the obligation, to participate at its own cost and expense in such defense by
counsel of its own choice) or for any amounts paid or foregone by the Indemnitee as a result of any settlement or compromise thereof
that is effected by the Indemnitee (without the written consent of the Employer).

 

	iii.		Anything in this Section 12 notwithstanding, if both the Employer and the Indemnitee
are named as parties or subject to such Proceeding and either party determines with advice of counsel that there may be one or
more legal defenses available to it that are different from or additional to those available to the other party or that a material
conflict of interest between such parties may exist in respect of such Proceeding, then the Employer may decline to assume the
defense on behalf of the Indemnitee or the Indemnitee may retain the defense on its own behalf, and, in either such case, after
notice to such effect is duly given hereunder to the other party, the Employer shall be relieved of its obligation to assume the
defense on behalf of the Indemnitee, but shall be required to pay any legal or other expenses including, without limitation, reasonable
attorneys' fees and disbursements, incurred by the Indemnitee in such defense.

 

	iv.		If the Employer assumes the defense of any such Proceeding, the Indemntiee shall cooperate
fully with the Employer and shall appear and give testimony, produce documents and other tangible evidence, and otherwise assist
the Employer in conducting such defense. The Employer shall not, without the consent of the Indemnitee, consent to entry of any
judgment or enter into any settlement or compromise which does not include as an unconditional term thereof the giving by the
claimant or plaintiff to such Indemnitee of a release from all liability in respect of such claim or Proceeding. Provided that
proper notice is duly given, if the Employer shall fail promptly and diligently to assume the defense thereof, then the Indemnitee
may respond to, contest and defend against such Proceeding and may make in good faith any compromise or settlement with respect
thereto, and recover from the Employer the entire cost and expense thereof including, without limitation, reasonable attorneys'
fees and disbursements and all amounts paid or foregone as a result of such Proceeding, or the settlement or compromise thereof.
The indemnification required hereunder shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills or invoices
are received or loss, liability, obligation, damage or expense is actually suffered or incurred

 

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.

 

	c.		The provisions of this Section 11 shall survive the expiration or earlier termination
of this Agreement.

 

12. Termination.
Except where due to the death of Employee, Employer may not terminate this Agreement during its term without cause. Employee
may terminate this agreement at any time during the term hereof . As used herein, cause shall mean that:

 

(a)Employee has materially breached
in a manner injurious to the Employer the terms of this Agreement (other than as described in subparagraphs (b) and (c) of this
paragraph 13), and such breach has not been cured within 30 days following the date of written notice to Employee of such breach;

 

(b)Employee
has been grossly negligent in the performance of his duties at least three times in any consecutive 90-day period;

 

(c)Employee
has employed in material and willful or gross misconduct in the performance of his duties hereunder;

 

(d)Employee
is convicted or pleads nolo contendre with respect to any criminal offense other than misdemeanor traffic violations;

 

(e)Employee
violates the Employer's Code of Ethics, or such other governance standards as are adopted by the Employer from time to time; or

 

(f)Employee
is found by a court of competent jurisdiction to have committed any act or employed in any conduct that is fraudulent, or Employee
becomes the subject of a civil or criminal proceeding or investigation relating to securities fraud, including, without limitation,
proceedings initiated by the National Association of Securities Dealers, and the United States Securities and Exchange Commission.

 

13. Termination Payment.

 

(a)In the event that the Employee's
employment is terminated (i) by the Employer for reasons other than cause as defined in paragraph 12, or (ii) is terminated by
Employee for good reason (as hereinafter defined), the Employee shall be compensated by the Employer through (x) a single sum payment
due within 30 days after such termination in an amount equal to the annual Salary provided for in paragraph 6(a) above in effect
as of the date of termination and payable in cash or, at Employee's election, in stock as determined under Section 6(a) above,
and (y) the minimum number of all options that would be due to Employee during the Initial Term had the Agreement not been terminated
or, in the case of a subsequent one-year extension, the Annual Option due for that year, provided that the exercise price of all
such options shall be determined using the VWAP as of the effective date of termination.

 

(b)In the event that the Employee's
employment is terminated by the Employee at any time during the term hereof for any reason other than good reason or is terminated
by the Employer during the term hereof for cause as provided in paragraph 12, Employee shall be entitled to receive only that compensation
due and payable hereunder with respect to periods ended on or before the date of termination including options for the current
year.

 

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(c)As used in this Agreement, termination for "good
reason" shall mean termination by the Employee in the following circumstances: (i) a material breach by Employer of this Agreement,
and such breach has not been cured within 30 days following the date of written notice to Employer of such breach; (ii) any "person",
including a "group" as determined in accordance with Section 13(d)(3) of the Securities Exchange Act of 1934 and the
Rules and Regulations promulgated thereunder (other than the Employer, a subsidiary of the Employer, or Affiliates of the Employer
as of the date affixed hereof, as that term is promulgated by the Securities and Exchange Commission) is or becomes, through one
or a series of related transactions or through one or more intermediaries, the beneficial owner, directly or indirectly, of securities
of the Employer representing 50.1 percent or more of the combined voting power of the then outstanding securities of the Employer;
or (iii) any merger or reorganization of the Employer whether or not another entity is the survivor, pursuant to which the holders
of all of the shares of the Employer outstanding prior to the transaction hold, as a group, less than 50.1 percent of the combined
voting power of the Employer or any successor company outstanding after the transaction.

 

14)Cooperation. The parties
shall deal with each other in good faith, good faith meaning honesty in fact and the observance of all commercial standards of
fair dealing and usages of trade, which are regularly observed within the industry.

 

15)No Strict Construction.
The language used in this Agreement shall be deemed to be the language chosen by the parties hereto to express their mutual intent,
and no rule of strict construction shall be applied against any party.

 

16)Arbitration. Any controversy
or claim arising out of or relating to this contract, or the breach thereof, shall be settled by arbitration administered by the
American Arbitration Association in accordance with its Commercial Arbitration Rules. If the parties agree, there shall be one
arbitrator; otherwise there shall be a panel of three arbitrators. The cost of arbitration shall be borne by the Client. Judgment
upon the reward rendered may be entered in any court having jurisdiction thereof.

 

17)Governing Law and Disputes.
This Agreement shall be governed by the laws of the State of California, without regard to choice of law provisions.

 

18)Waiver. Any party hereto
may waive compliance by the other with any of the terms, provisions and conditions set forth herein; provided, however, that any
such waiver shall be in writing specifically setting forth those provisions waived thereby. No such waiver shall be deemed to
constitute or imply waiver of any other term, provision or condition of this Agreement.

 

19)Severability. If and to
the extent that any court of competent jurisdiction holds any provision or any part thereof of this Agreement to be invalid or
unenforceable, such holding shall in no way affect the validity of the remainder of this Agreement.

 

20)Counterpart and Headings.
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 and the same instrument. All headings in this Agreement are inserted for convenience of reference and shall
not affect its meaning or interpretation.

 

21)Entire Agreement. This Agreement
is and shall be considered to be the only agreement or understanding between the parties hereto with respect to the employment
of Employee by the Employer. All negotiations, commitments, and understandings acceptable to both parties have been incorporated
herein. No letter, telegram, or communication passing between the parties hereto shall be deemed a part of this Agreement; nor
shall it have the effect of modifying or adding to this Agreement unless it is distinctly stated in such letter, telegram, or
communication that it is to constitute a part of this Agreement and is to be attached as a rider to this Agreement and is signed
by the parties to this Agreement.

 

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22)Modification of Contract. This Agreement cannot be modified by tender, acceptance
or endorsement of any instrument of payment, including check. Any words contained in an instrument of payment modifying this contract,
including a waiver or release of any claims, or a statement referring to paying in full is void. This Agreement can only be modified
in a separate writing, other than an instrument of payment, signed by the parties.

 

23)Enforcement.
Employee acknowledges that any remedy at law for breach of Exhibit D would be inadequate, acknowledges that the Employer would
be irreparably damaged by an actual or threatened breach thereof, and agrees that the Employer shall be entitled to an injunction
restraining Employee from any actual or threatened breach of Exhibit D as well as any further appropriate equitable relief without
any bond or other security being required. The Employer may pursue enforcement of Exhibit D by commencing an action at law or in
equity without first pursuing arbitration pursuant to Section 16 of this Agreement. In addition to the foregoing, each of
the parties hereto shall be entitled to any remedies available in equity or by statute with respect to the breach of the terms
of this Agreement by the other party.

 

24)Assignment. The provisions
of this Agreement shall be binding upon and inure to the benefit of the parties hereto, and their respective heirs, legal representatives,
successors and assigns. This Agreement may not be assigned without the consent of the parties; provided, however, that nothing
contained herein shall prevent Employee from assigning or transferring any of the Shares or options to any person or entity in
accordance with applicable securities laws and regulations.

 

25)Notices. All notices under
this Agreement shall be in writing and shall be sent by certified or registered first class mail, return receipt requested, or
shall be personally delivered, or sent by an overnight delivery service such as Federal Express, or shall be transmitted by telefax
(provided such telefax message is confirmed by telephonic acknowledgment of receipt or by sending via other authorized means a
confirmation copy of such notice) addressed to the parties at their respective last known business addresses.

 

 

Agreed to effective the 1st day of January 2011

 

	VIRAL GENETICS, INC.	HAIG KELEDJIAN
	 	 
	By: /s/                            	 
	       President	/s/                                      

 

 

 

 

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EXHIBIT A

 

UNSECURED REVOLVING CREDIT NOTE

 

FOR VALUE RECEIVED, Viral Genetics, Inc.,
whose address is 2290 Huntington Drive, Suite 100, San Marino, California, 91108, ("Borrower"), promises to pay
to or to the order of Haig Keledjian ("Lender"), and his successors and assigns, in lawful money of the United
States of America, those amounts that are unpaid, due and payable to Lender pursuant to Fees earned under the Employment Agreement
between Borrower and Lender dated effective January 1, 2011 to which this Note is attached (the "Agreement"), and which
such amounts are tendered hereunder pursuant to Section 6 (a) of the Agreement, without interest. No additional amounts may be
tendered hereunder except for amounts due under the Agreement. This Note, the Agreement and all schedules and exhibits attached
thereto are hereinafter referred to as the Transaction Documents.

 

39.Payment and Advance
Terms.

 

(a)Payment. Borrower shall pay
to Lender the entire principal balance under this Unsecured Revolving Credit Note (the "Note") on or before December
31, 2015 (the "Maturity Date"). Borrower shall pay all amounts due under this Note in lawful money of the United States
of America and without set-off, deduction, demand or notice.

 

(b)Exchange
of Loan Obligation. All or any portion of the then outstanding principal of this Note ("Exchanged Amount") may be
exchanged for shares of Borrower's common stock ("Shares") at the election of the Lender at any time prior to the Maturity
Date by Lender giving written notice to Borrower in the form attached as Annex A. In exchange for the Exchanged Amount so exchanged,
Lender shall receive a number of Shares equal to the Exchanged Amount divided by the Exchange Price. The Exchange Price shall
be equal to the volume-weighted average closing price of the Borrower's common stock for the 20 trading days immediately prior
to the date of notice by Lender Date (the "Exchange Date") as reported on the NASD OTCBB, Pinksheets, or other market
where Borrower's common stock is then quoted for trading multiplied by 0.8, provided that in the event no such quoted market exists,
the Exchange Price shall be determined according to an independent appraisal ratified by the disinterested members of the Borrower's
board of directors, or if there are no disinterested members then the board acting unanimously. An election made by the Lender
to exchange amounts owed hereunder for Shares cannot be revoked by Lender without the written consent of Borrower. The Borrower
shall issue and deliver to the Lender the Shares within 5 business days of receiving notice from Lender. Should such Notice of
Conversion represent all of the remaining obligations due hereunder, Lender shall deliver to Borrower the original Note marked
"paid in full."

 

(c)Mandatory
Conversion. Any unpaid principal due hereunder upon the Maturity Date shall automatically be exchanged for Shares upon the
terms described in Section 1(b) above using the Maturity Date as the Exchange Date, without requiring the additional consent of
Lender or Borrower.

 

40.Interest. This Note shall
not bear interest.

 

41.Application of Payments.
Payments will be applied first to any costs and expenses (including reasonable attorneys' fees) incurred by Lender in connection
with the collection of amounts owing pursuant to this Unsecured Revolving Credit Note, and then to reduction of principal. All
payments shall be made to Lender at the above-specified address until receipt of notice from Lender to the contrary.

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42.Default Rate.
Upon the occurrence of an Event of Default, Lender shall be entitled to receive, and Borrower shall pay to Lender, interest on
the outstanding principal balance and any other advances or charges advanced by Lender at a per annum rate equal to the lesser
of (a) twelve percent (12%), or (b) the maximum interest rate which Borrower may by law pay (the "Default Rate").
The Default Rate shall be computed from the occurrence of the Event of Default until the earlier of the date upon which the Event
of Default is cured or the date upon which due an owing under this Note are paid in full. The preceding sentence, however, shall
not be construed as an agreement or privilege to extend the date of the any payment due hereunder, or as a waiver of any other
right or remedy accruing to Lender by reason of the occurrence of any Event of Default.

 

43.Prepayment.
Borrower shall have the right to prepay this Note in whole or in part by providing 30 calendar days advance written notice to Lender.
During this period and until the end of the 30 day notice period, Lender may at its sole discretion elect to exercise the exchange
rights provided for in Section 1 (b) herein.

 

44.Security Interest.
This Note is Unsecured.

 

45.Default.
Any one of the following occurrences shall constitute an "Event of Default" under this Unsecured Revolving Credit
Note provided that Lender shall be required to give written notice of same:

 

(a)The failure of Borrower to repay
all outstanding principal on or before the Maturity Date;

 

(b)The failure of Borrower to promptly
perform any obligation of Borrower under or the existence of an Event of Default as defined in any Transaction Document within
thirty (30) days of notice from Lender; or

 

(c)Borrower becomes insolvent, bankrupt
or generally fails to pay its debts as such debts become due; is adjudicated insolvent or bankrupt; admits in writing its inability
to pay its debts; or shall suffer a custodian, receiver or trustee for it or substantially all of its property to be appointed
and if appointed without its consent, not be discharged within sixty (60) consecutive days; makes an assignment for the benefit
of creditors; or suffers proceedings under any law related to bankruptcy, insolvency, liquidation or the reorganization, readjustment
or the release of debtors to be instituted against it and if contested by it not dismissed or stayed within sixty (60) consecutive
days; if proceedings under any law related to bankruptcy, insolvency, liquidation, or the reorganization, readjustment or the release
of debtors is instituted or commenced by or against Borrower; if any order for relief is entered relating to any of the foregoing
proceedings; if Borrower shall call a meeting of its creditors with a view to arranging a composition or adjustment of its debts;
or if Borrower shall by any act or failure to act indicate its consent to, approval of or acquiescence in any of the foregoing.

 

46.Remedies.
Upon the happening and during the continuation of any Event of Default, (i) Lender may, at its sole option, declare the
entire principal immediately due and payable in full; (ii) interest shall accrue on all amounts due hereunder at the Default
Rate until paid in full or such Event of Default is cured; and (iii) Lender shall have and may exercise any and all rights
and remedies available hereunder, at law and in equity, together with any and all rights and remedies provided in any
Transaction Document. The acceptance of any installment or payment after the occurrence of an Event of Default or event
giving rise to the right of acceleration provided for herein shall not constitute a waiver of such right of acceleration with
respect to such Event of Default or event or any subsequent Event of Default. The remedies of Lender, as provided herein or
in any Transaction Document, shall be cumulative and concurrent, and may be pursued singularly, successively or together, at
the sole discretion of Lender, and may be exercised as often as occasion therefore shall arise. Any act, omission or
commission of Lender, including, specifically, any failure to exercise any right, remedy or recourse, shall be released and
be effected only through a written document executed by Lender and then only to the extent specifically recited therein. A
waiver or release with reference to any one event shall not be construed as continuing, as a bar to, or as a waiver or
release of, any subsequent right, remedy or recourse as to a subsequent event.

 

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47.Collection Costs. If one
or more Events of Default (or any event which with notice or passage of time or both would constitute an Event of Default) hereunder
shall occur and continues, Borrower promises to pay all collection costs, including but not limited to all reasonable attorneys'
fees, court costs, and expenses of every kind, incurred by Lender in connection with such collection or the protection or enforcement
of any or all of the security for this Unsecured Revolving Credit Note, whether or not any lawsuit is filed with respect thereto
(including costs and reasonable attorneys' fees on any appeals or in any bankruptcy proceedings).

 

48.Miscellaneous.

 

(a)Successors and Assigns. This
Note inures to the benefit of Lender and its successors or assigns, and binds Borrower, and its respective permitted successors
and assigns, and the words "Lender" and "Borrower" whenever occurring herein shall be deemed and construed
to include such respective successors and assigns.

 

(b)Severability. Any term or
provision of this Note that is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable
in any situation or in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions or
the validity or enforceability of the invalid, void or unenforceable term or provision in any other situation or in any other jurisdiction.
If the final judgment of a court of competent jurisdiction or other authority declares that any term or provision of this Note
is invalid, void or unenforceable, the parties agree that the court making such determination shall have the power to and shall,
subject to the discretion of such court, reduce the scope, duration, area or applicability of the term or provision, to delete
specific words or phrases, or to replace any invalid, void or unenforceable term or provision with a term or provision that is
valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision.

 

(c)Waiver. To the fullest extent
permitted by law, Borrower hereby waives all valuation and appraisement privileges, presentment and demand for payment, protest,
notice of protest and nonpayment, dishonor and notice of dishonor, bringing of suit, lack of diligence or delays in collection
or enforcement of this Note and notice of the intention to accelerate, the release of any liable party, the release of any security
for the indebtedness evidenced hereby, and any other indulgence or forbearance, and is and shall be directly and primarily liable
for the amount of all sums owing and to be owed hereon, and agrees that this Note and any or all payments coming due hereunder
may be extended or renewed from time to time without in any way affecting or diminishing Borrower's liability hereunder.

 

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(d)Notices. All notices required
to be given to any of the parties hereunder shall be in writing and shall be delivered (a) by personal delivery, with receipt acknowledged;
(b) by telecopier or electronic mail (with original copy to follow as set forth herein); (c) by reputable overnight commercial
courier service; or (d) by United States registered or certified mail, return receipt requested, postage prepaid, to the parties
at the addresses as set forth at the first of this Note (subject to the right of a party to designate a different address for itself
by notice similarly given). Whenever the giving of notice is required, the giving of such notice may be waived in writing by the
party entitled to receive such notice.

 

(e)Entire Agreement. This Note
(together with the Transaction Documents) contains the entire agreement between the parties with respect to the subject matter
hereof and thereof.

 

(f)Modification of Agreement.
This Note may not be modified, altered or amended, except by an agreement in writing signed by both Borrower and Lender.

 

(g)Releases by Borrower. Borrower
hereby releases Lender from all technical and procedural errors, defects and imperfections whatsoever in enforcing the remedies
available to Lender upon a default by Borrower hereunder.

 

(h)Remedies Not Exclusive. No
remedy herein conferred upon or reserved to Lender is intended to be exclusive of any other remedy or remedies available to Lender
under this Unsecured Revolving Credit Note, at law, in equity or by statute, and each and every such remedy shall be cumulative
and in addition to every other remedy given hereunder or now or hereafter existing at law, in equity or by statute.

 

(i)Governing Law. This Note
shall be governed by and construed under the laws of the State of California without giving effect to the choice of law provisions
thereof.

 

(j)Consent to Jurisdiction.
Borrower hereby consents that any action or proceeding against it may be commenced and maintained in any Federal or state court
sitting in Los Angeles County, California, and that such courts shall have jurisdiction with respect to the subject matter hereof
and the person of Borrower and the collateral securing Borrower's obligations hereunder.

 

(k)Time of Essence. Time is
of the essence of this Note and all of the obligations hereunder.

 

(l)Headings. The headings of
the sections of this Note are inserted for convenience only and do not constitute a part of this Unsecured Revolving Credit Note.

 

(m)Waiver of
Jury Trial. BORROWER AND LENDER, TO THE FULL EXTENT PERMITTED BY LAW, EACH HEREBY KNOWINGLY, INTENTIONALLY AND VOLUNTARILY
WAIVES, RELINQUISHES AND FOREVER FORGOES HEREBY THE RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING, INCLUDING, WITHOUT LIMITATION,
ANY TORT ACTION, BROUGHT BY EITHER OF THEM AGAINST THE OTHER BASED UPON, ARISING OUT OF, OR IN ANY WAY RELATING TO OR IN CONNECTION
WITH THIS UNSECURED REVOLVING CREDIT NOTE, OR ANY COURSE OF CONDUCT, ACT, OMISSION, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL
OR WRITTEN) OR ACTIONS OF ANY PERSON (INCLUDING,WITHOUT LIMITATION, SUCH PERSON'S DIRECTORS, OFFICERS, PARTNERS, MEMBERS, EMPLOYEES,
AGENTS OR ATTORNEYS, OR ANY OTHER PERSONS AFFILIATED WITH SUCH PERSON), IN CONNECTION WITH THIS NOTE, INCLUDING, WITHOUT LIMITATION,
IN ANY COUNTERCLAIM WHICH BORROWER MAY BE PERMITTED TO ASSERT HEREUNDER OR WHICH MAY BE ASSERTED BY LENDER OR ITS AGENTS AGAINST
BORROWER, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE. THIS WAIVER BY BORROWER OF ITS RIGHT TO A JURY TRIAL IS A MATERIAL
INDUCEMENT FOR LENDER UNDER THIS UNSECURED REVOLVING CREDIT NOTE.

 

    	11

    	 

    

 

(n)Note for Business or Commercial
Purpose. BORROWER EXPRESSLY WARRANTS AND REPRESENTS TO LENDER THAT THIS NOTE IS INTENDED FOR AND WILL BE USED FOR A BUSINESS
OR COMMERCIAL PURPOSE AND THAT THIS NOTE IS NOT INTENDED FOR A CONSUMER, PERSONAL, FAMILY OR HOUSEHOLD PURPOSE.

 

(o)Authority. Borrower (and
the undersigned representative of Borrower, if any) represents and warrants that it has full power and authority to execute and
deliver this Note , and the execution and delivery of this Note has been duly authorized and does not conflict with or constitute
a default under any law, judicial order or other agreement affecting Borrower.

 

(p)Assignment. Lender may assign,
transfer, pledge or hypothecate any or all of this Note or the Shares acquirable upon exchange without Borrower's consent.

 

IN WITNESS WHEREOF, Borrower has executed and delivered this
Note effective as of the date first above written.

 

	 	BORROWER:
	 	 
	 	VIRAL GENETICS, INC.
	 	 
	 	By  /s/                                                     

                                                                                Haig Keledjian, President and CEO

 

 

 

 

 

 

 

 

 

 

 

 

    	12

    	 

    

ANNEX A

 

NOTICE OF CONVERSION

 

The undersigned hereby elects to convert principal of the Note
pursuant to Section 1(b) therein into shares of common stock, par value $0.0001 per share, of Viral Genetics, Inc., a Delaware
corporation ("Shares"), according to the conditions hereof, as of the date written below. If Shares are to be issued
in the name of a person other than the undersigned, the undersigned will pay all transfer taxes payable with respect thereto and
is delivering herewith such certificates and opinions as reasonably requested by the Company in accordance therewith. No fee will
be charged to the holder for any conversion, except for such transfer taxes, if any.

 

Conversion calculations: Date to Effect Conversion:

 

Principal Amount of Note to be Converted:

 

Number of shares of Common Stock to be issued:

 

Signature: Name: Address:

 

    	13

    	 

    

EXHIBIT B

 

VIRAL GENETICS, INC.

 

Option for the Purchase of 

Shares of Common Stock 

Par Value $0.0001 

 

STOCK OPTION AGREEMENT

 

THE HOLDER OF THIS OPTION, BY ACCEPTANCE
HEREOF, BOTH WITH RESPECT TO THE OPTION AND COMMON STOCK ISSUABLE UPON EXERCISE OF THE OPTION, AGREES AND ACKNOWLEDGES THAT THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT"), OR UNDER THE SECURITIES LAWS OF ANY STATE. THESE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE TRANSFERRED
OR SOLD IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT OR OTHER COMPLIANCE UNDER THE SECURITIES ACT OR THE LAWS OF THE APPLICABLE
STATE OR A "NO ACTION" OR INTERPRETIVE LETTER FROM THE SECURITIES AND EXCHANGE COMMISSION OR AN OPINION OF COUNSEL REASONABLY
SATISFACTORY TO THE ISSUER, AND ITS COUNSEL, TO THE EFFECT THAT THE SALE OR TRANSFER IS EXEMPT FROM REGISTRATION UNDER THE SECURITIES
ACT AND SUCH STATE STATUTES.

 

This is to certify that, for value received,
Haig Keledjian (the "Optionee") is entitled to purchase from VIRAL GENETICS, INC. (the "Company" or
"Corporation"), on the terms and conditions hereinafter set forth, all or any part of 12,000,000 shares ("Option
Shares") of the Company's common stock, par value $0.0001 (the "Common Stock"), at an exercise price per share equal
to the volume weighted average price for the twenty (20) trading days immediately following the actual date of execution of the
Agreement to which this Exhibit B is attached ("Option Price"). Upon exercise of this option in whole or in part, a certificate
for the Option Shares so purchased shall be issued and delivered to the Optionee. If less than the total option is exercised, a
new option of similar tenor shall be issued for the unexercised portion of the options represented by this Agreement.

 

This option is granted subject to the following further terms
and conditions:

 

1. This option shall vest immediately.
The right to exercise this option with respect to any of the Option Shares shall terminate on December 31, 2018. In order to exercise
this option with respect to all or any part of the Option Shares for which this option is at the time exercisable, Optionee (or
in the case of exercise after Optionee's death, Optionee's executor, administrator, heir or legatee, as the case may be) must take
the following actions:

 

(a)Deliver to the Corporate Secretary
of the Corporation an executed notice of exercise in substantially the form of that attached to this Agreement (the "Exercise
Notice") in which there is specified the number of Option Shares which are to be purchased under the exercised option.

 

(b)Pay the aggregate Option Price for the purchased shares
through one or more of the following alternatives:

 

(i)full payment in cash or by check made payable to the
Corporation's order;

 

    	14

    	 

    

 

(ii)full payment in shares of Common Stock valued at Fair
Market Value on the Exercise Date (as such term is defined below);

 

(iii)full payment through a combination of shares of Common
Stock valued at Fair Market Value on the Exercise Date and cash or check payable to the Company's order;

 

(ix)full payment effected through a broker-dealer sale and
remittance procedure pursuant to which Holder shall provide concurrent irrevocable written instructions (i) to a brokerage firm
to effect the immediate sale of the purchased shares and remit to the Company, out of the sale proceeds available on the settlement
date, sufficient funds to cover the aggregate Option Price payable for the purchased shares and (ii) to the Company to deliver
the certificates for the purchased shares directly to such brokerage firm in order to complete the sale transaction; or

 

(v)full payment through conversion of this warrant to purchase
Option Shares into the number of fully paid and nonassessable Option Shares calculated pursuant to the following formula:

 

X = Y (A-B)

           A

 

where:

 

X=the number of Option Shares to be issued to the Holder;

 

Y=the number of Option Shares for which the conversion
right is being exercised;

 

A=the Fair Market Value per share as of the
last business day immediately preceding the date of exercise of such conversion right; and

 

B=the Option Price with respect to such Option Shares.

 

(c)Furnish to the Corporation appropriate
documentation that the person or persons exercising the option (if other than Optionee) have the right to exercise this option.

 

(d)For purposes of this Agreement,
the Exercise Date shall be the date on which the executed Exercise Notice shall have been delivered to the Company. Except to the
extent the sale and remittance procedure specified above is utilized in connection with the option exercise, payment of the Option
Price for the purchased shares must accompany such Exercise Notice.

 

(e)Upon such exercise, the Company
shall issue and cause to be delivered with all reasonable dispatch (and in any event within three business days of such exercise)
to or upon the written order of the Optionee at its address, and in the name of the Optionee, a certificate or certificates for
the number of full Option Shares issuable upon the exercise together with such other property (including cash) and securities as
may then be deliverable upon such exercise. Such certificate or certificates shall be deemed to have been issued and the Optionee
shall be deemed to have become a holder of record of such Option Shares as of the Exercise Date.

    	15

    	 

    

 

 

(f)For all valuation purposes under this Agreement, the
Fair Market Value per share of Common Stock on any relevant date shall be the closing selling price per share on the date in question
on the securities exchange or market in which the shares are listing for trading, as such price is officially quoted by such exchange.
If there is no reported sale of Common Stock on such exchange on the date in question, then the Fair Market Value shall be the
closing selling price on the exchange or market on the last preceding date for which such quotation exists.

 

2.The Optionee acknowledges that the
shares subject to this option have not and will not be registered as of the date of exercise of this option under the Securities
Act or the securities laws of any state. The Optionee acknowledges that this option and the shares issuable on exercise of the
option, when and if issued, are and will be "restricted securities" as defined in Rule 144 promulgated by the Securities
and Exchange Commission and must be held indefinitely unless subsequently registered under the Securities Act and any other applicable
state registration requirements. The Company is under no obligation to register the securities under the Securities Act or under
applicable state statutes. In the absence of such a registration or an available exemption from registration, sale of the Option
Shares may be practicably impossible. The Optionee shall confirm to the Company the representations set forth above in connection
with the exercise of all or any portion of this option. Optionee shall have piggyback registration rights with management and Affiliates
of the Company.

 

3.The Company, during the term of this
Agreement, will obtain from the appropriate regulatory agencies any requisite authorization in order to issue and sell such number
of shares of its Common Stock as shall be sufficient to satisfy the requirements of the Agreement.

 

4.The number of Option Shares purchasable
upon the exercise of this option and the Option Price per share shall be subject to adjustment from time to time subject to the
following terms. If the outstanding shares of Common Stock of the Company are increased, decreased, changed into or exchanged for
a different number or kind of shares of the Company through reorganization, recapitalization, reclassification, stock dividend,
stock split or reverse stock split, the Company or its successors and assigns shall make an appropriate and proportionate adjustment
in the number or kind of shares, and the per-share Option Price thereof, which may be issued to the Optionee under this Agreement
upon exercise of the options granted under this Agreement. The purchase rights represented by this option shall not be exercisable
with respect to a fraction of a share of Common Stock. Any fractional shares of Common Stock arising from the dilution or other
adjustment in the number of shares subject to this option shall rounded-up to the nearest whole share.

 

5.The Company covenants and agrees
that all Option Shares which may be delivered upon the exercise of this option will, upon delivery, be free from all taxes, liens,
and charges with respect to the purchase thereof; provided, that the Company shall have no obligation with respect to any income
tax liability of the Optionee and the Company may, in its discretion, withhold such amount or require the Optionee to make such
provision of funds or other consideration as the Company deems reasonably necessary to satisfy any income tax withholding obligation
under federal or state law.

 

6.The Company agrees at all times to
reserve or hold available a sufficient number of shares of Common Stock to cover the number of Option Shares issuable upon the
exercise of this and all other options of like tenor then outstanding.

 

    	16

    	 

    

 

7.This option shall not entitle the
holder hereof to any voting rights or other rights as a shareholder of the Company, or to any other rights whatsoever, except the
rights herein expressed, and no dividends shall be payable or accrue in respect of this option or the interest represented hereby
or the Option Shares purchasable hereunder until or unless, and except to the extent that, this option shall be exercised.

 

8.The Company may deem and treat the
registered owner of this option as the absolute owner hereof for all purposes and shall not be affected by any notice to the contrary.

 

9.In the event that any provision of
this Agreement is found to be invalid or otherwise unenforceable under any applicable law, such invalidity or unenforceability
shall not be construed as rendering any other provisions contained herein invalid or unenforceable, and all such other provisions
shall be given full force and effect to the same extent as though the invalid or unenforceable provision were not contained herein.

 

10.This Agreement shall be governed
by and construed in accordance with the internal laws of the state of California, without regard to the principles of conflicts
of law thereof.

 

11.Except as otherwise provided herein,
this Agreement shall be binding on and inure to the benefit of the Company and the person to whom an option is granted hereunder,
and such person's heirs, executors, administrators, legatees, personal representatives, assignees, and transferees.

 

IN WITNESS WHEREOF, the Company has caused
this option to be executed on the _ day of January 2011 by the signature of its duly authorized officer.

 

	 	VIRAL GENETICS, INC.
	 	 
	 	By /s/                               
	 	      Duly Authorized Officer

 

The undersigned Optionee hereby acknowledges
receipt of a copy of the foregoing option and acknowledges and agrees to the terms and conditions set forth in the option.

 

	 	/s/                                       
	 	Haig Keledjian

 

 

 

    	17

    	 

    

 

  

Exercise Notice 

(to be signed only upon exercise of Option)

 

TO:Viral Genetics, Inc.

 

The Optionee, holder of the attached option,
hereby irrevocable elects to exercise the purchase rights represented by the option for, and to purchase thereunder, _______ shares
of common stock of Viral Genetics, Inc., and herewith makes payment therefor, and requests that the certificate(s) for such shares
be delivered to the Optionee at:

 

 

 

 

  

If acquired without registration under
the Securities Act of 1933, as amended ("Securities Act"), the Optionee represents that the Common Stock is being acquired
without a view to, or for, resale in connection with any distribution thereof without registration or other compliance under the
Securities Act and applicable state statutes, and that the Optionee has no direct or indirect participation in any such undertaking
or in the underwriting of such an undertaking. The Optionee understands that the Common Stock has not been registered, but is
being acquired by reason of a specific exemption under the Securities Act as well as under certain state statutes for transactions
by an issuer not involving any public offering and that any disposition of the Common Stock may, under certain circumstances,
be inconsistent with these exemptions. The Optionee acknowledges that the Common Stock must be held and may not be sold, transferred,
or otherwise disposed of for value unless subsequently registered under the Securities Act or an exemption from such registration
is available. The Company is under no obligation to register the Common Stock under the Securities Act, except as provided in
the Agreement for the option. The certificates representing the Common Stock will bear a legend restricting transfer, except in
compliance with applicable federal and state securities statutes.

 

The Optionee agrees and acknowledges that
this purported exercise of the option is conditioned on, and subject to, any compliance with requirements of applicable federal
and state securities laws deemed necessary by the Company.

 

DATED this____day of _______, ____.

 

 

 

	 	_____________________________
	 	Signature

 

 

 

 

    	18

    	 

    

EXHIBIT C

 

ACCREDITED INVESTOR QUESTIONNAIRE

 

PERSONAL FINANCIAL INFORMATION. The following information pertaining
to the undersigned as a natural person and U.S. Persons within the meaning of Regulation S is being provided here
in lieu of furnishing a personal financial statement. If correct, please acknowledge category (d) and at least one of categories
(a), (b) and (c).

 

(a)My individual net worth, or joint net worth with my spouse
excluding my primary residence, exceeds $1,000,000.

 

Yes [  ]     No [  ]

 

_______

INITIAL

 

(b)My individual income in 2009 and 2010 exceeded $200,000
in each such year, and I reasonably expect my individual income will be in excess of $200,000 in 2011.

 

Yes [  ]     No [  ]

 

_______

INITIAL

 

(c)The joint income of my spouse and I in 2009 and 2010
exceeded $300,000 in each such year, and I reasonably expect our joint income will be in excess of $300,000 in 2011.

 

Yes [  ]     No [  ]

 

_______

INITIAL

 

(d)Considering the foregoing and all other relevant factors
in my financial and personal circumstances, I am able to bear the economic risk of an investment in the Employer.

 

Yes [  ]     No [  ]

 

_______

INITIAL

 

The foregoing is a true representation of my financial status:

 

/s/                                         

HAIG KELEDJIAN

 

    	19

    	 

    

EXHIBIT D

 

Viral Genetics Intellectual Property
Agreement

(the "Viral Genetics IP Agreement")

 

In consideration of Employee entering into that certain Employment
Agreement dated as of the date hereof (the "Employment Agreement") with Viral Genetics, Inc. ("Viral"), Employee
agrees as follows. Capitalized terms used herein that are not defined in this Viral Genetics IP Agreement shall be defined as in
the Employment Agreement.

 

1. Non-Solicitation. Employee acknowledges that, in the
course of performing Services (as used throughout this Viral Genetics IP Agreement as defined in the Employment Agreement) for
or on behalf of Viral, having access to Viral's technology, reports, processes, materials, knowledge and know-how, data, facilities,
books and records, Employee may from time to time receive Confidential Information (as defined in Paragraph 2, below) of or with
respect to Viral and hereby stipulates and agrees that such Confidential Information is a part of and essential to the operations
and goodwill of Viral. In connection and in furtherance of the foregoing, Employee may not (whether directly or indirectly; as
the principal or on such person's own account; or solely or jointly with others as an Employee, agent, independent contractor,
Employee, general or limited partner, member, stockholder or holder of equity securities of any other person, other than through
ownership of less than one percent of a class of publicly-traded securities of a company) engage in any of the conduct or activity
described below in this Paragraph 1.

 

(a)Employee may not, so long as Employee is a Employee
of Viral pursuant to the Employment Agreement and until the third anniversary of the effective date of termination of the Employment
Agreement for any reason, solicit, induce or influence any person that at such time is (or, during the six (6) month period ending
on the effective date of termination of the Employment Agreement, was) a vendor, licensor, licensee, distributor, customer, company,
Employee, or independent contractor of Viral, excluding the University, to terminate any contract or agreement with Viral or leave
the service of Viral. Employee acknowledges that the restrictions in this subparagraph (a) of this Paragraph 1 will not impair
Employee's ability to carry on Employee's profession or earn a living.

 

(b)Employee may not, so long as Employee is a Employee of
Viral and until the third anniversary of the effective date of termination of the Employment Agreement for any reason, without
the express prior written consent of Viral, participate either directly or indirectly in any discussion or negotiation with any
person that at such time is (or, during the six month period ending on the effective date of termination of the Employment Agreement,
was) a vendor, licensor, licensee, distributor, customer, company, Employee, or independent contractor of Viral the purpose of
which discussion or negotiation would be materially adverse to the interests of Viral and the relationship existing between Viral
and such person. Employee acknowledges that the restrictions in this subparagraph (b) of Paragraph 1 will not impair Employee's
ability to carry on Employee's profession or earn a living.

 

    	20

    	 

    

2. Non-Disclosure of Information. Employee understands
that the covenants and agreements in this Paragraph 2 may limit Employee's ability to earn a livelihood in a business similar to
the business of Viral of researching, developing and distributing biomedical products and technology, but nevertheless believes
that Employee has received and will receive sufficient consideration and other benefits from Viral so as to clearly justify such
restrictions which, in any event (given Employee's education, skills and ability), Employee does not believe would prevent Employee
from earning a living:

 

(a)Employee acknowledges that, in the course of performing
Services for or on behalf of Viral, having access to Viral's technology, reports, processes, knowledge and know-how, data, facilities,
books and records, or otherwise being associated with Viral, Employee will have access to, and become acquainted with, Confidential
Information of or with respect to Viral and hereby stipulates and agrees that such Confidential Information is a part of and essential
to the operations and goodwill of Viral. Employee (i) hereby stipulates and acknowledges that the Confidential Information constitutes
important, material, proprietary and confidential trade secrets of Viral that affect the successful conduct of the business and
goodwill of, Viral; (ii) stipulates and acknowledges that any and all of the Confidential Information is the sole and exclusive
property of Viral, regardless of whether Employee was employed in the development of any of such Confidential Information while
performing Services for or on behalf of Viral; (iii) agrees to keep all such Confidential Information in strictest confidence,
and not to, directly or indirectly, use or divulge, disclose or communicate to any person (other than a duly-authorized representative
of Viral) any such Confidential Information other than in the ordinary course of business of Viral for the benefit of Viral; and
(iv) agrees not to copy or otherwise duplicate any such Confidential Information or knowingly allow anyone else to copy or otherwise
duplicate such Confidential Information, other than in the ordinary course of business of Viral for the benefit of Viral. Upon
the termination of the Employment Agreement, and at any time at the request of Viral, shall promptly return to Viral all copies
of such Confidential Information delivered to or obtained by Employee or, at the election of Viral, certify that all copies of
such Confidential Information in the possession of Employee or any person who received such Confidential Information from Employee
have been destroyed or erased, except that Employee may keep one (1) copy thereof for the purpose of complying with the terms of
this Agreement.

 

(b)"Confidential Information" means, with respect
to Viral, any technical, financial, or business information (including, without limitation, manuals, forms, memoranda, reports,
journals, data, test results, correspondence, business plans, customer lists, pricing lists, contracts, plans or specifications,
or the like) that may disclose (or may reasonably be expected to disclose) the customs and practices, marketing methods and data,
services and products, methods of doing business, manner of operation, know-how, formulas, technical data or information, clinical
study protocols, patient or biologic information, manufacturing information or know-how, methods, processes, compounds, and other
confidential information, regardless of whether in written, oral, graphic, encoded, encrypted, tangible, or intangible forms, all
of which the Employee hereby acknowledges constitute "trade secrets" within the meaning of the Uniform Trade Secrets
Act, codified at Sections 3426 et seq. of the California Civil Code.

 

(c)Employee shall have no obligation to preserve the
confidential or proprietary nature of any information that (i) was already known to Employee free of any obligation to keep
such information confidential at the time of disclosure of such information; (ii) is or becomes publicly known through no
wrongful act of Employee; (iii) is rightfully received from a third person having no direct or indirect secrecy or
confidentiality obligation to Viral; (iv) is disclosed to a third person by Viral without restrictions on confidentiality
similar to those contained in this Paragraph 2; (v) is approved for disclosure by written authorization of Viral; (vi) is
developed by Employee or on Employee's behalf independently of the information disclosed to Employee by Viral as shown by
written record; or (vii) Employee is obligated to produce pursuant to an order of a court of competent jurisdiction or a
valid administrative or Congressional subpoena, provided that Employee promptly notifies Viral and cooperates reasonably with
Viral's efforts to contest or limit the scope of such order.

    	21

    	 

    

 

 

(d)Except for the assignment provisions as provided in
Section 3 of this Viral Genetics IP Agreement, the provisions of this Paragraph 2 shall apply to Employee throughout the
term of the Employment Agreement and continue in perpetuity.

 

3. Assignment of Inventions. Employee shall promptly
disclose any Employee Creations (as defined below) to Viral and any such Employee Creations shall be Viral's sole property. All
original works of authorship that are made by Employee (in whole or in part, either alone or jointly with others) during and in
the performance of the Services and that are protectable by copyright are "works made for hire" as defined in the United
States Copyright Act (17 U.S.C.A. Section 101). "Employee Creation(s)" means any idea, concept, discovery, development,
device, design, apparatus, use, machine, practice, process, method, product, composition of matter, improvement, formula, algorithm,
literary or graphical or audiovisual work or sound recording, mask work, or computer program of any kind (whether or not subject
to patent, copyright, trademark, trade secret, mask work right, or similar protection) that relate(s) in any way to any of Viral's
biological or pharmaceutical products under investigation or development from time to time, or any manufacturing or production
know-how, scientific know-how, processes, or procedures pertaining thereto that are made by Employee, in whole or in part, either
solely or jointly with others, during and in the performance of the Services, provided, however, that Employee does not have a
pre-existing obligation to assign any such Employee Creation to the University. Employee shall promptly notify Viral in advance
or at the earliest reasonable time if any work being performed or proposed by Viral to be performed by Employee under this Agreement
may give rise to Employee Creations that may be assignable to University under any agreements.

 

(a)Employee hereby assigns to Viral, and agrees to assign
to Viral in the future where appropriate, any and all such Employee Creations, and agrees to cooperate with Viral in the execution
of appropriate instruments assigning and evidencing such assignment and ownership rights of Viral, to the maximum extent permitted
by Section 2870 of the California Labor Code. In order that Viral may perfect and protect its rights to Employee Creations as provided
hereunder, Employee agrees that Employee's obligations regarding assignment of such Employee Creations to Viral shall survive termination
of Employee's employment with Viral for a term of three years following the date of termination of the Employment Agreement for
any reason.

 

    	22

    	 

    

4.Enforcement. Employee
acknowledges that the covenants and the restrictions contained in this Agreement are necessary and required for the adequate protection
of Viral and are necessary to preserve the goodwill of Viral and the value of its existing Confidential Information, inventions,
contracts and relationships; such covenants relate to matters that are of a special, unique and extraordinary character that give
each of such covenants or restrictions a special, unique and extraordinary value; and, a breach of any such covenant or restriction
will result in loss of goodwill, invasion of property rights of Viral, unfair competition by the breaching party, and other irreparable
harm and damages to Viral, which cannot be adequately compensated by a monetary award. It
is accordingly agreed that Viral or any of its subsidiaries shall be entitled to an injunction or injunctions to prevent breaches
of this Agreement and to enforce specifically the terms and provisions of this Agreement. Nothing
in this Agreement shall be construed as prohibiting Viral from pursuing any other legal or equitable remedies available to Viral
for such breach or threatened breach of any of the provisions of this Agreement (including, without limitation, recovery of all
damages from Employee and an equitable accounting of all earnings, profits and other benefits arising from such violation).

 

5.Conflict. In the event of any conflict between
any provision in this Agreement and any provision in the Employment Agreement, the provision(s) in the Employment Agreement shall
govern.

 

 

	AGREED:	 
	 	 
	 EMPLOYEE	 
	 	 
	/s/                                                  	DATED: __________
	Haig
Keledjian	 
	 	 
		 
	VIRAL GENETICS, INC.	DATED: __________
	 	 
	/s/                                        	 
	Haig
Keledjian, PresidentExhibit 10.41

 

EXTENSION AGREEMENT

 

THIS CONSULTING AGREEMENT
(the "Agreement") is made and entered into effective the 1st day of January
2011 (the "Effective Date") by and between VIRAL GENETICS, INC., a Delaware corporation (the "Company"), and
Leslie Z. Benet, an individual residing in the city of San Francisco, CA ("Consultant").

 

(the "Parties")

 

WHEREAS the Company and Consultant are party
to a Consulting agreement dated January 13, 2009 (the "Agreement") and wish to extend the Agreement.

 

NOW THEREFORE, for
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows.

 

		1.	The Agreement is extended until December 31, 2013 and shall automatically renew for additional
three-month periods unless otherwise mutually agreed to by the Parties in writing.

		2.	All terms, conditions, representations, warranties and covenants of the Agreement and all Schedules
thereto shall continue in full force and effect including, without limitation, the Viral Genetics Intellectual Property Agreement
contained therein as Schedule B.

 

Agreed to as of the date affixed hereof.

 

	VIRAL GENETICS, INC.	CONSULTANT
	 	 
	By: /s/    Haig
    Keledjian                                     	/s/  Leslie     Z
    Benet                                            
	        President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00232-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00232-of-00352.parquet"}]]