Document:

Exhibit 10.11

 

Certain identified information has been
excluded from the exhibit pursuant to Item 601(a)(6) of Regulation S-K due to personal privacy concerns or pursuant to Item 601(b)(10)(iv) because
it is both not material and is the type of information that the registrant treats as private or confidential. Redacted information is
indicated by: [***]

 

CONSULTING
Agreement

 

THIS
AGREEMENT is dated as of June 29, 2015 (the “Effective Date”)

 

BETWEEN:

 

AMORFIX
LIFE SCIENCES LTD. (to be renamed ProMIS Neurosciences Inc.), a corporation existing under the federal laws of Canada with
a registered address at 1500-1055 West Georgia, Vancouver V6E 4N7

 

(the “Company”)

 

AND:

 

VIRTUA,
LLC, a limited liability company formed pursuant to the laws of Delaware

 

(the “Consultant”)

 

WHEREAS:

 

	A.	The Company wishes to engage the Consultant to provide executive management services to the Company; and

 

	B.	The Company and the Consultant wish to specify the terms of the engagement herein.

 

In
consideration of the mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt
and sufficiency of which is hereby mutually acknowledged, the parties agree as follows:

 

PROVISION OF SERVICES

 

1.                            Services.
Commencing on June 29, 2015 (the “Start Date”), the Consultant will perform for the Company (as an independent
contractor and not as employee, agent, partner or joint venturer) the services described in Schedule A (collectively, the “Services”).
Schedule A forms an integral part of this Agreement and is hereby incorporated by reference.

 

2.                            Consultant
Representatives. The Consultant agrees that it will make available each of Elliot Goldstein (“Goldstein”) and Eugene
Williams (“Williams” and together with Goldstein, the “Consultant Representatives” and each a “Consultant
Representative”) to perform the Services and that each of the Consultant Representatives will devote their best efforts, skills
and attention to the performance of their respective duties and responsibilities in respect of the offices of the Company or any of its
subsidiaries to which the Consultant Representatives may be appointed.

 

3.                            Quality
of Service. The Consultant represents, warrants, and covenants that it will (and will cause the Consultant Representatives to) a)
perform the Services in a timely, competent and professional manner in accordance with the standards and practices commonly expected of
qualified and experienced providers of similar services, (b) perform the Services in compliance with all applicable laws, rules,
ordinances and regulations that are now applicable to the Consultant, the Consultant Representatives or the Services, whether federal,
state, provincial, municipal or otherwise, and (c) at all times act in the best interests of the Company and perform the Services
in a faithful manner to the best ability of the Consultant and each of the Consultant Representatives.

 

    

     

    

 

4.                            Licenses
and Approvals. The Consultant will, at the Consultant’s own expense, obtain and maintain ordinary course business licenses (such
as municipal licenses or registration as a Delaware LLC) required by the Consultant and the Consultant Representatives to perform the
Services.

 

5.                            Subcontracting
and Assignment. The Consultant will not, without the prior written consent of the Company (which consent the Company may in its sole
discretion withhold), subcontract, delegate or otherwise assign any or all of the Consultant’s obligations under this Agreement.

 

TERM AND TERMINATION

 

6.                            Term.
The term of this Agreement will be as set out on Schedule A.

 

7.                            Effect
of Termination. If this Agreement is terminated as provided herein, except as expressly set out in Schedule A, the Company’s
sole liability shall be to pay the Consultant for all properly performed Services to the effective date of termination and neither the
Consultant nor the Consultant Representatives will have any other claim for compensation, losses, costs or damages of any nature or kind
based on such termination. All obligations and rights that, by their nature, are intended to survive the termination or expiration of
this Agreement will so survive.

 

FEES AND EXPENSES

 

8.                            Fees.
In consideration for performing the Services, the Company will pay the Consultant those fees (the “Fees”), and reimburse
those expenses (the “Expenses”), set out in Schedule A.

 

9.                            Taxes
and Benefits. The Consultant represents, warrants and covenants that the Consultant is acting and will act only as independent contractor
(and, in any event, never as an employee of the Company). The Consultant acknowledges and agrees that, in its performance under this
Agreement, neither the Consultant nor either Consultant Representative, will be entitled to any employee-like benefits or any direct
or indirect compensation other than that expressly set out in this Agreement. The Consultant will, as an independent contractor, collect
and/or remit as required, all amounts, and will register with any workers’ compensation entities or other governmental bodies,
and deal with all tax and other requirements, and satisfy all applicable compliance requirements, as required or permitted under law
by all municipal, provincial, state or federal governments. The Consultant agrees that the Company will not be responsible for registering
under any workers’ compensation legislation or for withholding or remitting any amounts for income taxes, social security taxes,
(un)employment insurance, or other deductions that would be required in an employment relationship in any jurisdiction.

 

CONFIDENTIALITY AND RESTRICTIVE COVENANTS

 

10.                          Definitions.
In this Agreement,

 

(a)           “Company
Entities” means the Company and its subsidiary, parent and affiliate corporations, to the extent that such reference does not
require any subsidiary party to be added as a party to this Agreement other than as a third party beneficiary, each of whom will be expressly
deemed an intended third party beneficiary of this Agreement and will have the right to enforce the terms and conditions of this Agreement;
and

 

(b)          “Confidential
Information” means all information in any form (including all electronic, magnetic, physical, intangible, visual and oral forms)
and whether or not such information has been marked or indicated as confidential, that is known, held, used or disclosed by or on behalf
of the Company Entities in connection with its business, and that, at the time of its disclosure: (i) is not available or known to
the general public; (ii) by its nature or the nature of its disclosure, would reasonably be determined to be confidential; or (iii) is
marked or indicated as proprietary or confidential; and includes patent applications, trade secrets, technology, know-how, technical information,
supplier and customer information (whether past, present, future and prospective), strategic plans, financial information, marketing information,
information as to business opportunities, strategies and research and development, consultation records and plans, communications, meetings,
conversations, surveys, third party data and studies.

 

    

     

    

 

11.                           Confidentiality.
In connection with the Consultant’s performance under this Agreement, the Company has furnished or may furnish to the Consultant,
or the Consultant may acquire, develop or conceive of, Confidential Information, all of which the Consultant will treat strictly in accordance
with this Agreement. For greater clarity, the parties hereby acknowledge and agree that Confidential Information can encompass information
regardless of whether it was disclosed prior to the date of this Agreement or after. In connection with this,

 

(a)            Obligations—at
all times during and after this Agreement (subject to §11(b)), the Consultant will protect the Confidential Information using a reasonable
degree of care, and will take all reasonable steps to safeguard the Confidential Information from unauthorized disclosure, and without
limiting the foregoing will not, directly or indirectly, (i) copy or reproduce any of the Confidential Information, (ii) use
any Confidential Information for any purpose other than the proper performance of the Consultant’s duties, or (iii) subject
to §11(c), disclose any of the Confidential Information except strictly to those of the Company’s directors, officers, consultants,
attorneys, accountants, advisors and personnel to whom disclosure is necessary to carry out the Consultant’s duties,

 

(b)            Exceptions—this
 §11 imposes no obligation upon any person with respect to any information or part thereof that the Consultant can establish that,
other than as a result of a breach of this Agreement, (i) was in the Consultant’s possession prior to entering into this Agreement
without any restriction of confidentiality owed to any Company Entity, (ii) is or becomes generally available to the public rightfully
without restrictions of confidentiality, or (iii) becomes available to the Consultant after the term of this Agreement from a third
party (other than any Company Entity) who has no obligation of confidentiality with respect thereto,

 

(c)            Required
Disclosures—if the Consultant is requested or required (including, without restriction, by oral questions, interrogatories,
requests for information or documents, subpoena, civil investigative demand or other similar process) by any law to disclose any Confidential
Information, he may disclose strictly that Confidential Information for which disclosure is required to comply with any such applicable
law, provided that the Consultant (i) unless prohibited by such applicable law, provides the Company with written notice as soon
as practicable in the circumstances so that the Company may contest the disclosure or seek an appropriate protective order, and (ii) cooperates
reasonably and in good faith with the Company in its efforts to prevent, restrict or contest such required or requested disclosure.

 

(d)            Acknowledgement—the
Consultant acknowledges and agrees that the right to maintain the confidentiality of Confidential Information, and the right to preserve
the Company’s goodwill therein, constitute proprietary rights which the Company is entitled to protect.

 

    

     

    

 

GENERAL PROVISIONS

  

12.                          No
Liability. In no event will the Company or its Company Entities be liable for any claims made by the Consultant, the Consultant Representatives
or any third party for any special, indirect, incidental, or consequential damages in connection with this Agreement, whether for negligence
or breach of contract, including without limitation loss of business opportunities, profits or revenues, and whether or not the possibility
of such damages or loss of opportunities, profits or revenues has been disclosed by the Consultant in advance or could have been reasonably
foreseen by the Company. The Company’s liability for any and all direct damages in connection with this Agreement will not, in any
event, in aggregate exceed the total fees actually paid or payable to the Consultant for the Services performed under the terms of this
Agreement.

 

13.                          Severability.
If any provision of this Agreement is held invalid, illegal or unenforceable, the remaining provisions will not be affected.

 

14.                          Governing
Law. This Agreement will be governed by and interpreted in accordance with the laws of the Province of British Columbia and the laws
of Canada applicable therein without reference to its conflict of laws principles.

 

15.                          Notice.
Every notice, request, demand or direction (each, for the purposes of this section, a “notice”) to be given pursuant
to this Agreement by either party to another will be in writing and will be delivered or sent by registered or certified mail postage
prepaid and mailed in any government post office or by email, or other similar form of written communication, in each case, addressed
as above or to another address as notified hereunder from time to time.

 

16.                          Interpretation.
In this Agreement, (a) “§” means a section, subsection, paragraph or sub-paragraph of this Agreement and
 “Part” means a captioned part of this Agreement, (b) any word in this Agreement is deemed to include the masculine, feminine,
neuter, singular or plural form thereof as the context so required, (c) the captions and headings used in this Agreement are for
convenience only and do not constitute substantive matter and are not to be construed as interpreting the contents of this Agreement,
and (d) the word “including” is not limiting (whether or not non-limiting language such as “without limitation”
or “but not limited to” or other words of similar import are used with reference thereto).

 

17.                          Entire
Agreement. This Agreement, including all Schedules hereto, forms the entire agreement among the parties and supersedes all prior agreements,
proposals or communications relative to the subject matter of this Agreement. Amendments to or waivers of this Agreement will be effective
only if in writing and signed by authorized representatives of all parties. Unless otherwise expressly stated, if there is any necessary
conflict between any of the terms of this Agreement and Schedules to this Agreement, this Agreement will take precedence.

 

18.                          Acceptance.
This Agreement is executed effective as of the day and year first above written and may be executed in counterparts, each of which will
constitute an original and all of which taken together will constitute one and the same instrument, and delivery of the counterparts may
be effected by means of electronic transmission. The reproduction of signatures by electronic transmission will be treated as binding
as if originals

 

AMORFIX LIFE SCIENCES LTD.

 

	Per: 	/s/    	 
	 	Authorized Signatory	 

  

    

     

    

 

	VIRTUA LLC  	 
	 	 
	Per:	/s/ Eugene Williams	 
	 	Eugene Williams	 
	 	 	 
	Per:	/s/ Elliot Goldstein	 
	 	Elliot Goldstein	 

 

    

     

    

  

SCHEDULE
A

 

SERVICES

 

A1.                         Services
(Scope of Work).

 

(a)            Goldstein.
Goldstein shall be appointed by the Company as the Chief Executive Officer (“CEO”) and a director of the Company (subject
to any applicable shareholder approval) and to hold such offices as the Board of Directors of the Company and the Consultant agree from
time to time. Goldstein’s duties will generally be to provide the Company and its subsidiaries with executive managerial services
(the “CEO Services”) customary for a CEO of a public company working for the Company on a full time basis and to perform
any and all duties and responsibilities reasonably assigned to it from time to time by the Board of Directors of the Company in connection
therewith. The Consultant will (and will cause the Consultant Representatives to) dedicate appropriate attention, time and effort to Company
in connection with the Services. The parties expect that the Services will generally consume Goldstein’s full working time and attention.

 

(b)            Williams.
Williams shall be appointed the Executive Chair (the “Chair”) of the Company and a director of the Company (subject
to any applicable shareholder approval) and to hold such offices as the Board of Directors of the Company and the Consultant agree from
time to time. Williams’ duties will generally be to provide the Company and its subsidiaries with the executive services (the “Chair
Services”, and collectively with the CEO Services, the “Services”) customary for a Chair of a public company
and to perform any and all duties and responsibilities reasonably assigned to him from time to time by the Board of Directors of the Company
in connection therewith. The parties expect that Williams will devote the working time and attention commensurate with the duties of an
Executive Chair.

 

A2.                         Location.
The parties expect that Goldstein will generally perform the Services from San Francisco, California, and that Williams will generally
perform the Services from his own office in Boston, Massachusetts, though the Company may require that the Consultant Representatives
to travel from time to time (such travel to be reimbursed in accordance with the provisions of this Agreement).

 

TERM

 

A3.                         Term.
The term of this Agreement will commence on the Effective Date and will continue until terminated earlier in accordance with §A4.

 

A4.                         Termination.
This Agreement may be terminated as follows:

 

(a)           by
the Consultant for any reason at any time upon thirty (30) days’ written notice to the Company, which the Company may abridge or
waive in its sole discretion;

 

(b)           by
the Consultant immediately upon notice if the Company has materially breached this Agreement and such breach remains uncured after fifteen
(15) days’ written notice from the Consultant to the Company describing the reasonable particulars of such breach;

 

(c)           by
the Company immediately upon written notice if the Consultant has materially breached this Agreement and such breach remains uncured after
fifteen (15) days’ written notice from the Company to the Consultant describing the reasonable particulars of such breach;

 

(d)           by
the Company in circumstances where §A4(c) does not apply, for any reason at any time upon thirty (30) days’ written notice
to the Consultant;

 

(e)           automatically
upon the death or permanent disability of one of the Consultant’s Representatives; or

 

(f)            upon
the written, mutual agreement of both parties.

    

     

    

 

 

FEES AND PAYMENT

 

A5.                         Fees.
The fixed Fees for performing the Services are [***] US DOLLARS (US$[***]) on a fixed fee basis per month (to be allocated for the Company’s
purposes as to US$[***] for Goldstein’s services and US$[***] for Williams’ services) plus Applicable Taxes. The Company will
pay the Consultant in equal, monthly installments as a monthly retainer on the first business day of each such period commencing upon
the Start Date.

 

A6.                         Expenses.
The Company will reimburse the Consultant in accordance with its normal policies and practices for the Consultant’s reasonable,
out-of-pocket expenses or disbursements actually and necessarily incurred or made by the Consultant in connection with the performance
of the Services (collectively, “Expenses”).

 

A7.                         Option
Grant. The Company plans to complete the private placement (the “Private Placement”) that was announced by the
Company on May 22, 2015 in more than one closing (with a first closing on July 6, 2015) and, in connection therewith, will grant
to each of the Consultant’s Representatives on each closing date of the Private Placement the maximum number of options (the “Options”)
permitted under the Company’s Stock Option Plan (being a grant to each optionee of 5% of the Company’s then issued and outstanding
shares) until each of the Consultant’s Representatives has been granted Options equal to five percent of the shares issued and outstanding
immediately following the completion or termination of the Private Placement. All such Options will be subject to the Company’s
Stock Option Plan, as amended from time to time, will expire on the date that is 10 years after the grant date and will entitle the optionee
to acquire shares at the Market Price (as defined in the TSX Company Manual) on the grant date (the “Strike Price”
for such Options), subject to vesting as follows: one quarter will vest immediately on the grant of the Options and the balance will vest
in equal installments on the last day of each month for 36 months following the Effective Date, except, in the event of a Change of Control
or in the case where there is a termination Without Good Reason, on the occurrence of which the entire balance shall vest immediately.
In the event this Agreement is terminated other than for a Change of Control or where there is a termination Without Good Reason, unvested
Options will cease vesting as of such termination date.

 

A8.                         Taxes.
From time to time, the Consultant will advise the Company of the Consultant’s applicable sales or service tax registration numbers
and will be responsible for collecting from the Company and remitting all applicable excise, sales, goods and services, and use taxes
imposed by any federal, state, provincial, municipal or other governmental authority (each an “Applicable Tax”) on
the Services. The Company will pay all such Applicable Taxes to the Consultant. The Consultant will be responsible for any error or omission
of Applicable Taxes and will promptly indemnify the Company for any liability the Company incurs as a result of such error or omission
by the Consultant.

 

    

     

    

 

SCHEDULE
B

CHANGE OF CONTROL

DEFINITIONS

 

In this Agreement,

 

“Acquiror” means
a person, or a group of persons (including their Affiliates) acting jointly and in concert, who are different from (i) a person or
group of persons holding the securities or the assets of the Company, as the case may be immediately prior to a transaction, or (ii) the
affiliates of the Company;

 

“Change of Control”
means

 

(i)            a
merger, consolidation, amalgamation, arrangement or reorganization of the Company (or series of such transactions) that results in the
transfer of more than fifty percent 50% of the total voting power of the Company’s (or resulting entity’s) outstanding securities
to an Acquiror when compared against the total voting power of the Company prior to such transaction or series of transactions,

 

(ii)            a
direct or indirect sale or other transfer of beneficial ownership of all or substantially all of the issued and outstanding securities
of the Company to an Acquiror,

 

(iii)            a
direct or indirect sale or other transfer of beneficial ownership of

 

(A)            securities
of the Company possessing more than twenty-fifty percent (25%) of the total combined voting power of the Company’s outstanding securities,
or

 

(B)            the
right to appoint a majority of the board of directors of the Company or otherwise directly or indirectly control the management, affairs
and business of the Company;

 

to an Acquiror, the result of which is
that a majority of the Company’s board of directors elected at a proximate annual or special meeting of shareholders of the Company
are non-incumbent individuals who are nominees of such Acquiror, or

 

(iv)            the
direct or indirect sale or other disposition of all or substantially all of the assets of the Company to an Acquiror.

 

“Without
Good Reason” means the occurrence of one of the following events without the applicable Consultant Representative’s
written consent:

 

(i)            upon
termination under section A4(b);

 

(ii)            change
in the location from which a Consultant Representative is required to perform his Services; or

 

(iii)            a
material reduction in the responsibilities, title or reporting of the applicable Consultant Representative.Exhibit 10.12

 

Certain identified information has been excluded from the exhibit
pursuant to Item 601(a)(6) of Regulation S-K due to personal privacy concerns or pursuant to Item 601(b)(10)(iv) because it
is both not material and is the type of information that the registrant treats as private or confidential. Redacted information is indicated
by: [***]

 

CONSULTING AGREEMENT

 

This Consulting Agreement (the “Agreement”)
is made effective as of October 17, 2016 (the of “Effective Date”), by and between ProMIS Neurosciences, Inc. a
Canadian corporation, with its principal place of business being 1920 Yonge Street, Suite 200, Toronto, Ontario M4S 3E2 (the “Company”)
and Danforth Advisors, LLC, a Massachusetts limited liability corporation, with its principal place of business being [***] (“Danforth”).
The Company and Danforth are herein sometimes referred to individually as a “Party” and collectively as the “Parties.”

 

WHEREAS, the Company possesses
know-how and proprietary technology related to the development of precision medicine therapeutics for the effective treatment of neurodegenerative
diseases, including Alzheimer’s and ALS; and

 

WHEREAS, Danforth has expertise
in financial and corporate operations and strategy; and

 

WHEREAS, Danforth desires
to serve as an independent consultant for the purpose of providing the Company with certain strategic and financial advice and support
services, as more fully described in Exhibit A attached hereto, (the “Service”); and

 

WHEREAS, the Company wishes
to engage Danforth on the terms and conditions set forth herein.

 

NOW THEREFORE, in consideration
of the foregoing and for other good and valuable consideration, the receipt of which are hereby acknowledged, the Parties agree and covenant
as follows.

 

		1.	Services of Consultant. Danforth will assist the Company with matters relating to the Services.
The Services are more fully described in Exhibit A attached hereto. Danforth and the Company will review the Services on a
monthly basis to prioritize and implement the tasks listed on Exhibit A.

 

		2.	Compensation for Services. In full consideration of Danforth’s full, prompt and faithful
performance of the Services, the Company shall compensate Danforth a consulting fee more fully described in Exhibit A (the
 “Consulting Fee”). Danforth shall, from time to time, but not more frequently than twice per calendar month, invoice the Company
for Services rendered, and such invoice will be paid upon (15) days of receipt. Each month the Parties shall evaluate jointly the current
fee structure and scope of Services. Danforth reserves the right to an annual increase in consultant rates of up to 4%, effective January 1
of each year. Upon termination of this Agreement pursuant to Section 3, no compensation or benefits of any kind as described in this
Section 2 shall be payable or issuable to Danforth after the effective date of such termination. In addition, the Company will reimburse
Danforth for reasonable out-of-pocket business expenses, including but not limited to travel and parking, incurred by Danforth in performing
the Services hereunder, upon submission by Danforth of supporting documentation reasonably acceptable to the Company. Any such accrued expenses in
any given three (3) month period that exceed one thousand dollars ($1,000) shall be submitted to the Company for its prior written
Approval.

 

    1

     

    

 

All Danforth invoices and
billing matters should be addressed to:

 

	Company Accounts
    Payable Contact:	 	Eugene Williams
	 	 	[***]
	 	 	 
	With copy to:	 	Janet Clennet
	 	 	[***]
	 	 	 
	All Company payments and billing inquiries should be addressed to:
	 	 	 
	Danforth Accounting:	 	Betsy Sherr
	 	 	[***]

 

		3.	Term and Termination. The term of this Agreement will commence on the Effective Date and Will continue
through the anniversary of such date in the next calendar year (the y r “Term”). This Agreement may be extended for an additional
period by mutual written agreement. This Agreement may be terminated by either Party hereto: (a) with Cause (as defined below), upon
thirty (30) days prior written notice to the other Party; or (b) without cause upon sixty (60) days prior written notice to the other
Party. For purposes of this Section 3, “Cause” shall include: (i) a breach of the terms of this Agreement which
is not cured within thirty (30) days of written notice of such default or (ii) the commission of any act of fraud, embezzlement or
deliberate disregard of a rule or policy of the Company.

 

		4.	Time Commitment. Danforth will devote such time to perform the Services under this Agreement as
may reasonably be required.

 

		5.	Place of Performance. Danforth will perform the Services at such locations upon which the Company
and Danforth may mutually agree. Danforth will not, without the prior written consent of the Company, perform any of the Services at any
facility or in any manner that might give anyone other than the Company any rights to or allow for disclosure of any Confidential Information
(as defined below).

 

		6.	Compliance with Policies and Guidelines. Danforth will perform the Services in accordance with
all rules or policies adopted by the Company that the Company discloses in writing to Danforth.

 

		7.	Confidential Information. Danforth acknowledges and agrees that during the course of performing
the Services, the Company may furnish, disclose or make available to Danforth information, including, but not limited
to, material, compilations, data, formulae, models, patent disclosures, procedures, processes, business plans, projections, protocols,
results of experimentation and testing, specifications, strategies and techniques, and all tangible and intangible embodiments thereof
of any kind whatsoever (including, but not limited to, any apparatus, biological or chemical materials, animals, cells, compositions,
documents, drawings, machinery, patent applications, records and reports), which is owned or controlled by the Company and is marked or
designated as confidential at the time of disclosure or is of a type that is customarily considered to be confidential information (collectively
the “Confidential Information”). Danforth acknowledges that the Confidential Information or any part thereof is the exclusive
property of the Company and shall not be disclosed to any third party without first obtaining the written consent of the Company. Danforth
further agrees to take all practical steps to ensure that the Confidential Information, and any part thereof, shall not be disclosed or
issued to its affiliates, agents or employees, except on like terms of confidentiality. The above provisions of confidentiality shall
apply for a period of five (5) years.

 

    2

     

    

 

		8.	Intellectual Property. Danforth agrees that all ideas, inventions, discoveries, creations, manuscripts,
properties, innovations, improvement’s, know-how, inventions, designs, developments, apparatus, techniques, methods, and formulae
that Danforth conceives, makes, develops or improves as a result of performing the Services, whether or not reduced to practice and whether
or not patentable, alone or in conjunction with any other party and whether or not at the request or upon the suggestion of the Company
(all of the foregoing being hereinafter collectively referred to as the “Inventions”), shall be the sole and exclusive property
of the Company. Danforth hereby agrees in consideration of the Company’s agreement to engage Danforth and pay compensation for the
Services rendered to the Company and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged
that Danforth shall not, without the prior written consent of the Company, directly or indirectly, consult for, or become an employee
of, any company which conducts business in the Field of Interest anywhere in the world. As used herein, the term “Field of Interest”
shall mean the research, development, manufacture and/or sale of the products resulting from the Company’s technology. The limitations
on competition contained in this Section 8 shall continue during the time that Danforth performs any Services for the Company, and
for a period of three (3) months following the termination of any such Services that Danforth performs for the Company. If any part
of this section should be determined by a court of competent jurisdiction to be unreasonable in duration, geographic area, or scope, then
this Section 8 is intended to and shall extend only for such period of time, in such area and with respect to such activity as is
determined to be reasonable. Except as expressly provided herein, nothing in this Agreement shall preclude Danforth from consulting for
or being employed by any other person or entity.

 

		9.	Non Solicitation. All personnel representing Danforth are employees or contracted agents of Danforth.
As such, they are obligated to provide the Services to the Company and are obligated to Danforth under confidentiality, non-compete, and
non-solicitation agreements. Accordingly, they are not retainable
as employees or contractors by the Company and the Company hereby agrees not to solicit, hire or retain their services for so long as
they are contracted agents of Danforth and for two (2) years thereafter. Should the Company violate this restriction, it agrees to
pay Danforth liquidated damages equal to equal to thirty percent (30%) of the employee’s starting annual base salary and target
annual bonus for each Danforth contracted agent hired by the Company in violation of this Agreement, plus Danforth’s reasonable
attorneys’ fees and costs incurred in enforcing this agreement should the Company fail or refuse to pay the liquidated damages amount
in full within thirty (30) days following its violation.

 

    3

     

    

 

		10.	Placement Services. In the event that Danforth refers a potential employee to the Company and that
individual is hired, Danforth shall receive a fee equal to twenty percent (20%) of the employee’s starting annual base salary and
target annual bonus. This fee is due and owing whether an individual is hired, directly or indirectly on a permanent basis or on a contract
or consulting basis by the Company, as a result of Danforth’s efforts within one (1) year of the date applicant(s) are
submitted to the Company. Such payment is due within thirty (30) days of the employee’s start date.

 

		11.	No Implied Warranty. Except for any express warranties stated herein, the Services are provided
on an “as is” basis, and the Company disclaims any and all other warranties, conditions, or representations (express, implied,
oral or written), relating to the Services or any part thereof. Further, in performing the Services Danforth is not engaged to disclose
illegal acts, including fraud or defalcations, which may have taken place. The foregoing notwithstanding, Danforth will promptly notify
the Company if Danforth becomes aware of any such illegal acts during the performance of the Services. Because the Services do not constitute
an examination in accordance with standards established by the American Institute of Certified Public Accountants (the “AICPA”),
Danforth is precluded from expressing an opinion as to whether financial statements provided by the Company are in conformity with generally
accepted accounting principles or any other standards or guidelines promulgated by the AICPA, or whether the underlying financial and
other data provide a reasonable basis for the statements.

 

		12.	Indemnification. Each Party hereto agrees to indemnify and hold the other Party hereto, its directors,
officers, agents and employees harmless against any claim based upon circumstances alleged to be inconsistent with such representations
and/or warranties contained in this Agreement. Further, the Company shall indemnify and hold harmless Danforth and any of its subcontractors
against any claims, losses, damages or liabilities (or actions in respect thereof) that arise out of or are based on the Services performed
hereunder, except for any such claims, losses, damages or liabilities arising out of the gross negligence or willful misconduct of Danforth
or any of its subcontractors. The Company will endeavor to add Consultant and any applicable subcontractor to its insurance policies as
additional insureds.

 

		13.	Independent Contractor. Danforth is not, nor shall Danforth be deemed to be at any time during
the term of this Agreement, an employee of the Company, and therefore Danforth shall not be entitled to any benefits provided by the Company
to its employees, if applicable. Danforth’s status and relationship with the Company shall be that of an independent contractor
and consultant. Danforth shall not state or imply, directly or indirectly, that Danforth is empowered to bind the Company without the
Company’s prior written consent. Nothing herein shall create, expressly or by implication, a partnership, joint venture or other
association between the parties. Danforth will be solely responsible for payment of all charges and taxes arising from his or her relationship
to the Company as a consultant.

 

		14.	Records. Upon termination of Danforth’s relationship with the Company, Danforth shall deliver
to the Company any property or Confidential Information of the Company relating to the Services which may be in its possession including
products, project plans, materials, memoranda, notes, records, reports, laboratory notebooks, or other documents or photocopies and any
such information stored using electronic medium.

 

    4

     

    

 

		15.	Notices. Any notice under this Agreement shall be in writing (except in the case of verbal communications,
emails and teleconferences updating either Party as to the status of work hereunder) and shall be deemed delivered upon personal delivery,
one day after being sent via a reputable nationwide overnight courier service or two days after deposit in the mail or on the next business
day following transmittal via facsimile. Notices under this Agreement shall be sent to the following representatives of the Parties:

 

If to the Company:

 

	Name:

    Title:

    Address:

     

    Phone:

    E-mail:
	 	Eugene Williams

    Executive Chairman

    [***]

    

    [***]

    [***]

	 	 	 
	If to
    Danforth:	 	 
	 	 	 
	Name:

    Title:

    Address:

     

    Phone:

    E-mail:
	 	Gregg Beloff

    Managing Director

    [***]

     

    [***]

    [***]

 

		16.	Assignment and Successors. This Agreement may not be assigned by a Party without the consent
                                                           of the other which consent shall not be unreasonably withheld, except that each Party may assign this Agreement and the rights,
                                                           obligations and interests of such Party, in whole or in part, to any of its Affiliates, to any purchaser of all or substantially all
                                                           of its assets or to any successor corporation
resulting from any merger or consolidation of such Party with or into such corporation.

 

		17.	Force Majeure. Neither Party shall be liable for failure of or delay in performing obligations
set forth in this Agreement, and neither shall be deemed in breach of its obligations, if such failure or delay is due to natural disasters
or any causes beyond the reasonable control of either Party. In the event of such force majeure, the Party affected thereby shall use
reasonable efforts to cure or overcome the same and resume performance of its obligations hereunder.

 

		18.	Headings. The Section headings are intended for convenience of reference only and are not
intended to be a part of or to affect the meaning or interpretation of this Agreement.

 

		19.	Integration; Severability. This Agreement is the sole agreement with respect to the subject matter
hereof and shall supersede all other agreements and understandings between the Parties with respect to the same. If any provision of this
Agreement is or becomes invalid or is ruled invalid by any court of competent jurisdiction or is deemed unenforceable, it is the intention
of the Parties that the remainder of the Agreement shall not be affected.

 

    5

     

    

 

		20.	Governing Law. This Agreement shall be governed by and construed in accordance with the laws of
the Commonwealth of Massachusetts, excluding choice of law principles. The Parties agree that any action or proceeding arising out of
or related in any way to this Agreement shall be brought solely in a Federal or State court of competent jurisdiction sitting in the Commonwealth
of Massachusetts.

 

		21.	Counterparts. This Agreement may be executed in counterparts, each of which will be deemed an original,
but all of which together will constitute one agreement.

 

If you are in agreement with the foregoing, please
sign where indicated below, whereupon this Agreement shall become effective as of the Effective Date.

 

	DANFORTH ADVISORS, LLC	 	PROMIS NEUROSCIENCES, INC.
	 	 	 	 	 
	By:	/s/ Daniel Geffken                        	 	By:	/s/ Eugene Williams         

 

	Print Name:	Daniel Geffken	 	Print Name:	Eugene Williams

 

	Title:	Managing Director	 	Title:	Executive Chairman
	 	 	 	 	 
	Date:	October 17, 2016	 	Date:	October 17, 2016

 

    6

     

    

 

EXHIBIT A

 

[Intentionally omitted]

 

    7

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