Document:

Exhibit
10.7

 

Pursuant
to Item 601(b)(10)(iv) of Regulation S-K, certain identified information marked with [*****] has been excluded from the exhibit
because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed

 

Key
Terms – Private Label Agreement

 

BETWEEN

 

		1.	Gelteq
Pty Ltd (ACN 619 501 254) of c/o Level 7, 616-616 St Kilda Road, Melbourne, VIC 3004, Australia (Gelteq); and

 

		2.	The
Purchaser as set out in Schedule below (Purchaser).

 

	No.	Item	Details
	1.	Commencement
    Date	07/01/2021
	

    2.
	

    Gelteq
    Details
	Entity	Gelteq
    Pty Ltd
	Company
    Number	ACN
    619 501 254
	Contact
    Person	Simon
    Szewach
	Address
	c/o
                                            Level 7, 616-616 St Kilda

    Road,
    Melbourne, VIC 3004, Australia

	Email
    Address	[*****]
	Phone
    Number	[*****]
	3.
	Purchaser
	Entity	Healthy
    Extracts Inc
	US
    Company Number	0001630176
	Contact
    Person	[*****]
	Address	6445
    S Tenaya Way Suite B110, Las Vegas, NV 89113
	Email
    Address	[*****]
	Phone
    Number	[*****]
	4.	Territory	USA
    and Canada
	5.	Products	Gels
    containing Bergamot and UBN
	6.	Minimum
    Purchase	500,000
	7.	Purchase
    Price	TBN
	8.	Purchaser
    Branding	All
    registered and unregistered trademarks owned by the Purchaser.

 

		1.	Agreement
and Term

 

		1.1	This
Agreement is made between the parties listed in the table and starts on the Commencement Date and will continue for a period of 3 years
unless terminated in accordance with this Agreement (the “Term”).

 

		1.2	This
Agreement applies to all purchases made by the Purchaser from Gelteq during the Term.

 

		2.	Exclusivity

 

		2.1	During
the Term, the Purchaser appoints Gelteq as the exclusive manufacturer of all gel products that contain bergamot and UBN in respect of
the Territory.

 

		2.2	Gelteq
agrees that during the Term of this Agreement it will not manufacture gels containing Bergamot or UBN as the main or majority ingredient
for any other company in the Territory.

 

		3.	Manufacturer
                                            Appointment

 

		3.1	The
Purchaser agrees to Purchase the Products in the minimum quantity of 500,000 units of Product during the 3-year Term, a minimum of 250,000
of those must be purchased within the first 12 months of the Term. If manufacturing is delayed for any reason, this initial 12 month
period may be extended upon the written agreement of both parties.

 

		3.2	In
order for this Agreement to proceed, within the first 4 months from the Commencement Date, the parties will agree on the gel formulation,
composition of the flavours, packaging and types of products that will make up the 500,000 minimum order units.

 

     

     

    

		4.	Branding

 

		4.1	The
parties agree that the Products will be manufactured by Gelteq and will be branded with the Purchaser’s branding. The parties will
mutually agree upon the branding to be applied to the Product, including, but not limited to, packaging and marketing materials bearing
the Purchaser’s Brand.

 

		4.2	The
Purchaser grants Gelteq a royalty free, sub-licensable, non-exclusive licence to use the Purchaser’s Branding for the purpose of
developing and branding the Product and any marketing and ancillary materials related to the Product and for the sole purpose of the
Purchaser’s own marketing and promotional material. The Purchaser warrants and represents to Gelteq that it has the right to grant
the licence provided in this Agreement.

 

		4.3	The
Purchaser agrees that in accepting the licence in clause 4.2 above and in using and applying the Purchaser Branding to the Product that
Gelteq will not be in breach of any third-party intellectual property.

 

		5.	Licence
                                            Fee, Price and Royalty

 

		5.1	The
Purchaser agrees that it will pay a licence fee of $[*****] to Gelteq in consideration of being able to use the Gelteq brand on its packaging
and utilising a private label gel formulation for the agreed term. (Licence Fee). Gelteq agrees that the Licence Fee may be paid
in shares in the Purchaser.

 

		5.2	Both
parties will agree on the final Purchase Price per unit.

 

		5.3	In
addition to the Licence Fee and the Purchase Price, the Purchaser agrees to pay Gelteq a royalty of [*****]% ([*****] percent) of the
total price bought by the Purchaser. Such amounts must be paid to Gelteq quarterly and must be accompanied with a statement of sales
made.

 

		6.	Local
                                            law obligations

 

		6.1	The
Purchaser acknowledges and agrees that it is the responsibility of the Purchaser to ensure that the packaging, labelling and selling
of the Product in the Territory complies with any laws of the Territory.

 

		6.2	The
Purchaser agrees that it will take out and maintain at its cost, all necessary insurances required to cover the risk of liability in
relation to the Products, including product and public liability insurance.

 

		6.3	The
Purchaser acknowledges and agrees that other than the Purchaser Branding, Gelteq owns all Intellectual Property Rights in the Products
and it will not challenge or infringe such intellectual property rights.

 

		6.4	The
Purchaser warrants and represents to Gelteq that it will comply with any applicable licenses, laws, regulations, industry standards or
codes of conduct, health and safety requirements in carrying out its obligations under this Agreement.

 

		7.	Intellectual
                                            Property

 

		7.1	The
Purchaser must at all times do all things reasonably necessary to protect and prevent the Gelteq intellectual property from unauthorised
use in the Territory.

 

    2

     

    

 

		8.	Termination

 

		8.1	Termination
for convenience

 

		(a)	Prior
to the Purchaser providing approval of the formulations, the price per unit and packaging pursuant to clause 3.2, either party may terminate
this Agreement for any reason, at any time, by giving 30 Business Days written notice to the other.

 

		8.2	Termination
                                            for breach

 

Without
affecting any other right or remedy available to it, either party may terminate this Agreement with immediate effect by giving written
notice to the other, if:

 

		(a)	the
                                            other party fails to pay any amount due under this Agreement on the due date for payment;

 

		(b)	the
                                            other party fails to perform its obligations under any provision of this Agreement, whether
                                            material or not, within a period of 10 Business Days’ after written notice from the
                                            other party to do so;

 

		(c)	the
                                            other party commits a breach of any term of this Agreement and either:

 

		(i)	the
                                            breach is irremediable; or

 

		(ii)	the
                                            breach is remediable and the defaulting party fails to remedy that breach within a period
                                            of 10 Business Days' after the defaulting party has, or is deemed to have, received written
                                            notice requesting it to do so; or

 

		(d)	either
                                            party is no longer able to pay its debts as and when they fall due or an application is made
                                            to a court for its bankruptcy, winding up or for a controller, liquidator or administrator
                                            to control the company, or such similar event.

 

		(e)	If
                                            Gelteq commits a breach that cannot be remedied in the time frame as specified under this
                                            Agreement and the Purchaser terminates the Agreement as a result of such breach, then Gelteq
                                            agrees to return the Licence Fee in proportion to the length of time that has expired of
                                            this Agreement (for example if the Agreement is terminated after 12 months, then two thirds
                                            of the Licence Fee will be returned).

 

		9.	Confidentiality

 

		9.1	The
Purchaser agrees to keep the terms of this agreement confidential.

 

		9.2	Any
public announcement in relation to this Agreement must be mutually agreed to prior to such announcement.

 

		9.3	Nothing
in this Agreement prevents any confidential information being disclosed to the extent required by law or any competent regulatory body,
however a party required to disclose any confidential information shall promptly notify the other party, where practicable and lawful
to do so before disclosure occurs.

 

    3

     

    

 

		10.	Limitation
of liability

 

		10.1	The
Purchaser acknowledges and agrees that it is solely liable for any action, loss, expense, cost, claim, damage, or liability (Liability)
in relation to the Products once Delivered to the Purchaser, including any third-party claims. Gelteq excludes any Liability to the Purchaser,
whether in contract, tort (including negligence) or otherwise, for any special, indirect or consequential loss arising under or in connection
with this Agreement or the Products.

 

If
Gelteq is liable under this Agreement for any matter which by law is not able to be released or excluded, then to the extent permitted
by law, the maximum aggregate liability of Gelteq under this Agreement for any reason whatsoever, whether arising in tort or contract
or any other cause of action, is hereby limited to $[*****].

 

		10.2	Subject
to the other terms of this clause and to the to the maximum extent permitted by law, Gelteq excludes all rights, representations, guarantees,
conditions, warranties, undertakings, remedies or other terms in relation to the Products that are not expressly set out in this Agreement.

 

		10.3	Nothing
in this Agreement limits, excludes or purports to limit or exclude any applicable obligations of Gelteq that cannot be limited or excluded
by law (including Australian Consumer Law).

 

		10.4	The
parties agree to carry general and product liability insurance appropriate to the product being sold in respect of product, ingredient
or manufacturing defects in an amount not less than [*****] DOLLARS ($[*****]USD) each occurrence and [*****] DOLLARS ($[*****]USD) in
the aggregate.

 

		11.	Indemnity

 

		11.1	The
Purchaser hereby indemnifies and holds Gelteq, its shareholders, directors, employees, agents and sub-contractors harmless against all
and any liabilities that they may suffer, which are caused (irrespective of whether directly or indirectly, wholly or partially) as a
result of or in connection with:

 

		(a)	any
                                            claim, action or dispute with respect of the Products or intellectual property rights in
                                            the Purchaser Branding;

 

		(b)	the
                                            distribution or resale of the Products by the Purchaser, including but not limited to any
                                            act or omission by the Purchaser in connection with the distribution of the Products;

 

		(c)	any
                                            act, omission, fraud or negligence of the Purchaser or its directors or employees;

 

		(d)	any
                                            breach by the Purchaser of any applicable laws or warranties given by the Purchaser under
                                            this Agreement.

 

    4

     

    

 

		11.2	Gelteq
hereby indemnifies and holds the Purchaser, its shareholders, directors harmless against all and any liabilities that they may suffer,
which are caused (irrespective of whether directly or indirectly, wholly or partially) as a result of or in connection with:

 

		(a)	a
                                            defect in the manufacturing of the Products;

 

		(b)	any
                                            breach by the Purchaser of any applicable laws or warranties given by the Purchaser under
                                            this Agreement; or

 

		(c)	any
                                            gross negligence of Gelteq or its directors or employees.

 

		12.	General

 

		12.1	Counterparts:
This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall constitute an original
of this Agreement.

 

		12.2	Entire
agreement: This Agreement is the entire agreement between the parties and supersedes all and any communications, negotiations, arrangements
and agreements, whether oral or written, between the parties in respect of the matters that are the subject of this Agreement.

 

		12.3	Force
                                            Majeure: Neither party shall be liable for any delay or failure to perform its obligations
                                            pursuant to this Agreement if such delay is due to an act beyond its reasonable control (and
                                            such obligations will be suspended) except for an obligation to make payment of amounts then
                                            due and payable. The party affected by the event must take reasonable steps to remove the
                                            Force Majeure as soon as reasonably possible, or to mitigate and minimise its duration or
                                            effect.

 

		12.4	Waiver:
                                            A failure by either party to take action to enforce its rights does not constitute a waiver
                                            of any right or remedy under this Agreement unless it is in writing signed by the party granting
                                            the waiver.

 

		12.5	Jurisdiction:
                                            The parties irrevocably submit to the exclusive jurisdiction of the courts of the state of
                                            Victoria, Australia.

 

		12.6	Governing
                                            law: This Agreement will be governed by and construed and interpreted in accordance with
                                            the laws of Victoria, Australia.

 

		12.7	Legal.
                                            Gelteq and Purchaser agree to mediation in the state of Victoria, Australia and abide by
                                            decisions determined by the mediator.

 

    5

     

    

 

Executed as an Agreement

 

	Executed in accordance with section 127 of the Corporations Act 2001 (Cth) by Gelteq Pty Ltd:	 	 
	 	 	 
	/S/ Nathan
Givoni	 	/S/ Nathan Givoni
	
    Director Signature

    

    
	 	
    Director/Company Secretary Signature

    

    

	 	 	 
	Nathan Givoni	 	Nathan Givoni
	
    Print Name

     

    

    7--11-2021
	 	Print Name
	Date Signed	 	 

 

	
    Executed by Healthy Extracts Inc.

    
	 	 
	 	 	 
	/S/ Authorized Signatory	 	/S/ Authorized Signatory
	
    Director Signature

    
	 	
    Director/Company Secretary Signature

    

    

	 	 	 
	Authorized Signatory	 	Authorized Signatory
	
    Print Name

     

    

    7-9-2021
	 	Print Name
	Date Signed	 	 

 

 

6Exhibit
10.9

 

Pursuant
to Item 601(b)(10)(iv) of Regulation S-K, certain identified information marked with [*****] has been excluded from the exhibit because
it is both (i) not material and (ii) would be competitively harmful if publicly disclosed

 

CONSULTING
AGREEMENT

 

THIS
AGREEMENT (“Agreement”) is effective on the Effective Date of 6 September 2021.

 

BETWEEN:

 

SOSNA
& CO INC., a corporation incorporated under the laws of the Province of Ontario, Canada with its principal place of business
at 277 Bridge St W Napanee, Ontario, Canada (hereinafter referred to as the “Contractor”)

 

-
and -

 

Gelteq
Pty Ltd, ACN 619 501 254, a body corporate with its

registered office located at, Level 7, 616 St Kilda Road, Melbourne, VIC, 3004.Austrtalia

 

(hereinafter
referred to as the “Company”)

 

WHEREAS
the Company has requested the Contractor to perform certain Services as hereinafter set forth and the Contractor has agreed to perform
such Services on and subject to the terms and conditions hereinafter contained;

 

AND
WHEREAS the Contractor recognizes that in order to fulfill Contractor’s obligations hereunder, the Company will entrust the
Contractor with trade secrets and confidential information but only for the sole use and benefit of the Company;

 

AND
WHEREAS the Company represents and warrants that it is a body corporate in good standing in the jurisdiction and the Company has
the corporate authority to enter into this Agreement;

 

NOW
THEREFORE in consideration of the mutual covenants and conditions as hereinafter contained, the parties hereto agree as follows:

 

		1	Preamble

 

		1.1	The
                                            preamble shall form part of these presents and avail as if recited at length herein.

 

		2	Services,
                                            Warranties and Term

 

		2.1	The
                                            Company retains the Contractor’s services and the Contractor accepts to provide to
                                            the Company services and professional advice relating to the partnering and/or licensing
                                            of Gelteq’s gel technology during the Term (as defined below), or such additional services
                                            as may be mutually agreed from time to time by the Chief Executive Officer of the Company
                                            (“CEO”) or by a senior officer designated by the CEO. The Term shall commence
                                            on the Effective Date and, subject to earlier termination or renewal, as applicable, as provided
                                            for below, will continue for the period of time indicated in Appendix A, until the end of
                                            such period (“Term”), without any further obligation, liability or indemnification
                                            by the Company to the Contractor, except for any unpaid undisputed Fees, or disbursements
                                            of properly incurred expenses at the termination or expiration of this Agreement.

 

		2.2	The
                                            Contractor agrees to observe and comply with the Company’s rules and regulations with
                                            respect to the provision of the Services, and to carry out and perform the directives and
                                            policies communicated to Contractor from time to time by the Company.

 

     

     

    

 

		2.3	In
                                            the providing of the Services pursuant to this Agreement, the Contractor undertakes to act
                                            in the best interests of the Company in a professional and ethical manner and comply with
                                            all reasonable guidelines, requirements and instructions provided by The Company concerning
                                            the provision of the Services.

 

		3	Services,
                                            Warranties and Term

 

		3.1	The
                                            Company retains the Contractor’s services, and the Contractor accepts to provide to
                                            the Company services and professional advice relating to the partnering/licensing of Gelteq’s
                                            technology (the “Services”) during the Term (as defined below), or such
                                            additional services as may be mutually agreed from time to time by the Chief Executive Officer
                                            of the Company (“CEO”) or by a senior officer designated by the CEO and the Contractor.

 

	3.2	The
                                            Contractor warrants and represents to the Company that:
	 	 

		(a)	it
                                            has full capacity and authority to enter into this Agreement;

		(b)	it
                                            has the necessary skills, experience and expertise to perform the Services in accordance
                                            with this Agreement;

		(c)	it
                                            will liaise with and obtain instructions from The Company concerning the provision of the
                                            Services;

		(d)	it
                                            has obtained all necessary and required licences, consents and permits to perform the Services

 

		3.3	If
                                            the Contractor performs the Services (or any part of the Services) negligently or in breach
                                            of this Agreement or in a manner that is not satisfactory to the Company, then if requested
                                            by the Company, the Contractor will either, at the election of the Company re-perform the
                                            relevant part of the Services at no charge to the Company or waive its Fees in respect of
                                            those Services.

 

The
Contractor must not sub-contract the provision of the Services under this Agreement without the prior written consent of the Company
which may be withheld in its absolute discretion.

 

		3.4	The
                                            Contractor agrees that it will, at all times, indemnify and keep indemnified and hold harmless,
                                            the Company from any and all loss (including economic and loss of profit, penalties imposed
                                            by The Company customers), liability, costs (including solicitor costs), penalties, fines,
                                            fees, charges or expenses suffered, incurred, paid or sustained by The Company arising directly
                                            or indirectly from:

 

		(a)	any
                                            breach of this Agreement by the Contractor, or its employees, contractors or personnel; or

		(b)	any
                                            act, omission, fraud, wilful misconduct or negligence of the Contractor, or its employees,
                                            contractors or personnel.

 

		4	Fees
                                            and Billing

 

		4.1	In
                                            exchange for the Services, the Contractor will be paid a fixed fee per month as indicated
                                            in Appendix A, or any other fee indicated in said Appendix, as applicable, for the duration
                                            of the Term (“Fees”).

 

		4.2	Fees
                                            will be billed and paid in the currency indicated in Appendix A.

 

		4.3	The
                                            Contractor shall invoice the Company for the Services on a monthly basis on the first of
                                            the month. The invoices shall contain a description of the Services rendered during that
                                            period.

 

		4.4	The
                                            Company will pay the Contractor the undisputed monthly fee indicated in Appendix A following
                                            the receipt of the Contractor’s invoice.

 

    - 2 -

     

    

 

		4.5	The
                                            Contractor acknowledges that Contractor is not and shall not be considered as an employee
                                            of the Company and that Contractor will therefore not be entitled to receive from the Company
                                            any other benefit, remuneration, or retribution of any nature whatsoever other than the compensation
                                            provided for herein.

 

		4.6	The
                                            Contractor shall, at Contractor’s own expense, be responsible for paying all taxes
                                            or charges, including income tax remittances and any other taxes, premiums, contributions
                                            or charges, statutory or otherwise, in connection with the provision of the Services under
                                            this Agreement.

 

		4.7	The
                                            Contractor must obtain written approval of any expenses or costs it incurs, that are payable
                                            in addition to the Fees in relation to the Services, prior to incurring such expenses or
                                            costs. Reasonable business expenses previously approved by the Company and incurred by the
                                            Contractor in the performance of the Services that are not directly paid by the Company shall,
                                            upon submission of receipts or other appropriate supporting document, be reimbursed to the
                                            Contractor by the Company. All travel expenses will be discussed with the Company in advance
                                            of confirmation.

 

		4.8	There
                                            is a tailing period defined in Appendix A (“Tailing Period”) following termination
                                            of this contract. During the tailing period, the Contractor is entitled to the fee schedule
                                            outlined in Appendix A (“Fees”) upon a successful deal between the Company and
                                            any Existing Customer or a New Customer.

 

		5	Parties’
                                            Relationship

 

		5.1	This
                                            Agreement does not constitute and shall not be construed as constituting a partnership, joint
                                            venture, principal/agency relationship or Company/employee relationship between the Parties.
                                            The Contractor is and will at all times remain an independent entity and is not and shall
                                            not represent to third parties to be an employee of the Company or an agent of the Company.

 

		5.2	The
                                            Contractor acknowledges that the Contractor is not a subordinate nor an employee of the Company.

 

		5.3	The
                                            Contractor agrees it will not act as an agent of the Company with respect to binding the
                                            Company on any matters with third parties.

 

		6	Confidential
                                            Information

 

		6.1	“Confidential
                                            Information” means any information pertaining to the Company and/or its subsidiaries,
                                            regardless of the format thereof (including information transmitted verbally), including,
                                            without limitation, any information relating to the Company’s operations and activities,
                                            its clients, employees, administration, finances, affairs, products, technologies, strategies
                                            or the marketing of new products or services provided by the Company. “Confidential
                                            Information” shall not apply to information currently known to the public or that becomes
                                            generally known to the public by means other than disclosure by the Contractor.

 

		6.2	The
                                            Contractor undertakes, throughout the Term and for an unlimited term following termination
                                            of this Agreement (for any reason whatsoever), to refrain from directly or indirectly using,
                                            imparting or disclosing, in any manner whatsoever, any of the Company’s Confidential
                                            Information that is disclosed, entrusted or revealed to the Contractor by the Company, or
                                            to which the Contractor has access as a result of or in connection with this Agreement, other
                                            than (i) as may be necessary within the performance of Contractor’s authorized
                                            duties and responsibilities on behalf of the Company and for the Company’s benefit,
                                            or (ii) as Contractor may be so compelled by a court or by law. In the case of (ii) above,
                                            the Contractor shall promptly notify the Company in writing of any request to that effect
                                            in order to allow the Company to take the necessary measures to maintain the confidentiality
                                            of its Confidential Information. The Contractor undertakes to collaborate with the Company
                                            in that regard.

 

    - 3 -

     

    

 

		6.3	The
                                            Contractor agrees that all rights, including, without limitation, all intellectual and other
                                            proprietary rights, in and to any materials, data, or information, including computer programs
                                            and documentation related thereto, which have been provided by the Company to the Contractor
                                            in connection with the performance of any of the Services are owned and shall continue to
                                            be owned by the Company and/or its licensors. The Company shall have unrestricted access
                                            to all such materials, data and information. The Contractor shall deliver any or all such
                                            materials, data and information to the Company immediately upon the request of the Company.

 

		7	Intellectual
                                            Property

 

		7.1	“Intellectual
                                            Property Right”: means any right acknowledged or granted, now or in the future,
                                            including any extension of such a right, in accordance with any law of any country concerning
                                            copyrights, patents, trade-marks, trade secrets, secret processes, industrial designs, or
                                            any other provision of law or principle of civil or common law relating to intellectual property
                                            whether registered or unregistered; “Intellectual Property Right” includes any
                                            right pertaining to any registration application or the securing of any one of the above
                                            mentioned rights.

 

		7.2	“Intellectual
                                            Property”: means all that is or can be protected under any Intellectual Property
                                            Right.

 

		7.3	The
                                            Contractor acknowledges and agrees that the Company is the owner of any and all Intellectual
                                            Property Rights to any Intellectual Property that are, in whole or in part, discovered, invented,
                                            created, expressed in any material form (tangible or intangible), produced or implemented
                                            by the Contractor, whether acting alone, jointly or in collaboration with the Company or
                                            with any third party, (a) in the execution of this Agreement, (b) relating to the technology,
                                            activities or affairs of the Company, its clients or suppliers, and/or (c) using the
                                            Company’s equipment or facilities.

 

		7.4	Notwithstanding
                                            the paragraph above, should the Contractor or any third parties or Contractor’s employees
                                            retained by or at the direction of Contractor (“Other IP Holders”) hold
                                            any Intellectual Property Rights to Intellectual Property contemplated in the above paragraph,
                                            whether by virtue of the law or otherwise, the Contractor hereby irrevocably assigns such
                                            Intellectual Property Rights to the Company, and Contractor shall cause the Other IP Holders
                                            to acknowledge in writing the Company’s sole and exclusive ownership any Intellectual
                                            Property Rights to Intellectual Property and to irrevocably assign such Intellectual Property
                                            Rights to the Company, and this assignment shall take effect as of the date on which those
                                            Intellectual Property Rights came to existence, and shall be effective throughout the world
                                            for the entire period that those Intellectual Property Rights are protected (including any
                                            extension of this term as may occur from time to time in any country) and shall not be subject
                                            to any restriction whatsoever, including any related to format, market sectors or any other
                                            restrictions affecting the scope of this assignment.

 

		7.5	The
                                            Contractor irrevocably waives any moral rights that Contractor may claim with regards to
                                            Intellectual Property and Intellectual Property Rights contemplated in the preceding paragraphs,
                                            and Contractor shall cause the Other IP Holders to irrevocably waive any moral rights such
                                            Other IP Holders may claim in the same, to the fullest extent permitted by law in any country.

 

		8	Confidentiality

 

		8.1	The
                                            Contractor and the Company acknowledge that during the course of the performance of a Project,
                                            information of a confidential nature may be disclosed between the parties. Such information,
                                            excluding any information that a party could reasonably be expected to be provided to the
                                            other party as contemplated hereunder, shall be considered confidential information (“Confidential
                                            Information”).

 

		8.2	Neither
                                            party has the right to disclose the Confidential Information of the other, in whole or in
                                            part, to any third party, and neither party will make use of the Confidential Information
                                            of the other for its own or a third party’s benefit or in any way use such Confidential
                                            Information other than for the purposes of performance of this Agreement without the prior
                                            written consent of the disclosing party.

 

    - 4 -

     

    

 

		8.3	Each
                                            party agrees to take all reasonable steps to protect the other’s Confidential Information
                                            from unauthorized use and/or disclosure.

 

		8.4	The
                                            parties agree not to copy in whole or in part, any Confidential Information nor modify the
                                            same in any way without prior written consent from the other party.

 

		8.5	Neither
                                            party will be liable to the other for the disclosure of Confidential Information if, as shown
                                            by clear and convincing evidence, the Confidential Information: (a) is generally known to
                                            the public at the time of disclosure by the disclosing party; or (b) becomes generally known
                                            to the public through no fault of the receiving party; or (c) was lawfully in the possession
                                            of the receiving party prior to signing this Agreement; or (d) is subject to applicable laws
                                            or a valid court order requiring disclosure of such Confidential Information.

 

		8.6	In
                                            any judicial proceeding, it will be presumed that the Confidential Information in question
                                            constitutes protectable trade secrets of the disclosing party, and the receiving party shall
                                            bear the burden of proving that the Confidential Information was publicly or rightfully known
                                            or disclosed.

 

		8.7	The
                                            confidentiality covenant contained in this Section 12 shall survive the termination of this
                                            Agreement for any cause whatsoever for an indefinite period after the termination of this
                                            Agreement.

 

		9	Reasonableness
                                            of Restrictions and Company’s remedies

 

		9.1	The
                                            Contractor acknowledges that the obligations contained in clauses 6, 7 and 8 of this Agreement
                                            are reasonable limitations considering the competitive context of the Company’s activities.
                                            The Contractor also acknowledges that the obligations set out in clauses 6, 7 and 8 of this
                                            Agreement are necessary in order to protect the Company’s legitimate interests and
                                            do not prevent the Contractor from earning a living by performing his art or trade.

 

		9.2	The
                                            Contractor also acknowledges that should one of the undertakings in clauses 5, 6 and 7 be
                                            declared null, void, or unenforceable, the remaining undertakings or part of any undertaking
                                            shall remain in full force and effect and the null, void or unenforceable undertakings or
                                            part of any undertaking shall be replaced by legal undertakings or part of a undertaking
                                            carrying to the extent legally permissible, the intent of the Parties as to such null, void
                                            or unenforceable undertakings or part of an undertaking.

 

		9.3	The
                                            Contractor acknowledges that failure on his part to comply with the undertakings set forth
                                            in clauses 6, 7 and 8 of this Agreement would cause the Company serious or irreparable harm
                                            likely to render any final judgment ineffective. Consequently, the Contractor acknowledges
                                            that, should any one of these undertakings be breached, the Company may immediately institute
                                            the appropriate proceedings in order to obtain a provisional, interlocutory or permanent
                                            injunction, without prejudice to its right to claim damages.

 

		10	Publicity

 

		10.1	The
                                            Contractor may use the Company’s name or mark and identify the Company as a client
                                            of the Contractor, on the Contractor’s website and/or marketing materials. The Contractor
                                            may issue a press release, containing the Company’s name, related to any award under
                                            this Agreement, provided that it obtains the Company’s prior written approval of such publication.
                                            Neither party will use the other party’s name or marks, refer to or identify the other
                                            party for any other reason, except as established in this section, without such other party’s
                                            written approval. Any approval required under this Section shall not be unreasonably withheld
                                            or delayed by either party.

 

    - 5 -

     

    

 

		11	Dispute
                                            Resolution

 

		11.1	If
                                            a dispute arises out of or relates to this Agreement, a party must not commence any court
                                            or other proceedings relating to the dispute unless it has first complied with the following
                                            procedure:

 

		(a)	the
                                            party claiming that a dispute has arisen must give written notice to the other party specifying
                                            the nature of the dispute;

		(b)	on
                                            receipt of that notice by that other party, the parties must endeavour in good faith to resolve
                                            the dispute using informal dispute resolution techniques such as mediation, expert evaluation,
                                            arbitration or similar methods agreed by them;

 

		11.2	Nothing
                                            in this Agreement will prejudice the right of a party to seek injunctive or declaratory relief
                                            in respect of a dispute or any matter arising under this Agreement.

 

		12	Notices

 

		12.1	Any
                                            notice or other communication required or permitted to be given hereunder shall be in writing
                                            and shall be delivered in person, registered/certified mail, or transmitted by email as follows:

 

ATTN:
[*****]

Sosna
+ Co, Inc

277
Bridge St W Napanee, ONT Canada

K7R
3K8

 

Email:
[*****]

Phone:
[*****]

 

ATTN:
Nathan Givoni

Gelteq
Pty Ltd

 

Address:
647 Glenhuntly Rd, Caulfield Vic 3162

Email:
[*****]

Phone:
[*****]

 

		13	Applicable
                                            Law

 

		13.1	This
                                            Agreement shall be construed under the laws of New York, USA.  The Parties hereby attorn
                                            to the non-exclusive jurisdiction of the courts New York, USA.  If any provision of
                                            this Agreement be illegal or unenforceable under the laws of New York, such provision shall
                                            be considered to be deleted and the remainder of this Agreement shall continue in full force
                                            and effect.

 

		14	Entire
                                            Agreement  

 

		14.1	This
                                            Agreement, any other undertakings or obligations the Contractor may have entered into, and
                                            the schedules hereto constitute the entire agreement between the parties and supersede any
                                            other agreement between the parties relating to the matters within.

 

		15	Amendment
                                             

 

		15.1	Any
                                            amendment to this Agreement must be in writing and properly executed by both parties.

 

		16	Independent
                                            Legal Advice  

 

		16.1	The
                                            parties hereto each acknowledge hereto that they have not relied upon the other party to
                                            this Agreement for advice, whether legal or otherwise, in connection with this Agreement
                                            and the parties hereto further acknowledge that they have each been advised to seek independent
                                            legal advice with respect to the same.

 

    - 6 -

     

    

 

		17	Injunctive
                                            Relief  

 

		17.1	The
                                            Company agrees that the Contractor may be irreparably damaged if any provision of this Agreement
                                            is not performed by Company in accordance with its terms.  Accordingly, the Contractor
                                            shall be entitled to apply for an injunction or injunctions to prevent breaches of any of
                                            the provisions of this Agreement and may specifically enforce such provisions by an action
                                            instituted in a court having jurisdiction.  The specific remedies are in addition to
                                            any other remedy to which the Contractor may be entitled to at law or in equity.

 

		18	Remedies
                                             

 

		18.1	No
                                            exercise of a specific right or remedy by any party precludes it from more prejudices it
                                            in exercising another right or pursuing another remedy or maintaining an action to which
                                            it may otherwise be entitled either at law or in equity.

 

		19	Severability
                                             

 

In
the event that any part, section, clause, paragraph or subparagraph of this Agreement shall be held to be indefinite, invalid, illegal
or otherwise voidable or unenforceable, the entire agreement shall not fail on account thereof, and the balance of this Agreement shall
continue in full force and effect.

 

		20	Survival

 

		20.1	The
                                            terms and provisions, covenants and conditions contained in clauses 3, 5, 8, 9, 12, 14, 20,
                                            21, 23 and 25 shall remain in force, survive indefinitely and be binding upon the parties,
                                            their successors and their permitted assigns notwithstanding any expiration or other termination
                                            of this Agreement for any reason whatsoever.

 

		21	Conflicts
                                             

 

		21.1	If
                                            there is any conflict between the provisions of this Agreement and the Schedules hereto,
                                            the provisions of this Agreement shall prevail and the Schedules shall be deemed to have
                                            been amended accordingly.

 

		22	Interpretation
                                             

 

		22.1	The
                                            headings in this Agreement are inserted for convenience of reference only and do not constitute
                                            a part of this Agreement and are not to be considered an aid in interpretation.  In
                                            this Agreement, words importing the singular include the plural and vice versa, and words
                                            importing the masculine gender include the feminine gender and vice versa.

 

		23	Reasonableness
                                             

 

		23.1	The
                                            Parties agree that the commitments made in the contract are reasonable and freely given.

 

		24	Waiver
                                             

 

		24.1	No
                                            term, covenant or condition of this Agreement is deemed to be waived by either party unless
                                            the waiver is in writing and properly executed by the party granting the waiver.

 

    - 7 -

     

    

 

IN
WITNESS WHEREOF the parties hereto have executed this Agreement effective on the Effective Date.

 

	Sosna & Co Inc.  	 	Gelteq Pty Ltd
	 	 	 
	Per:	/S/ Authorized Signatory	 	Per:	/S/
    Nathan Givoni
	Name:	Authorized Signatory	 	Name:	Nathan
Givoni

 

    - 8 -

     

    

 

Appendix
A

 

SUPPLEMENTAL
INFORMATION

 

	Contractor:	Sosna
    & Co Inc.
	Address:	277
    Bridge St W Napanee, Ontario
	E-mail:	[*****]
	Effective
    Date:	August
    23, 2021
	Term:	12
    months
	Tailing
    Period:	In
    perpetuity and subject to the per transaction cap below.
	Description
    of Services:	Business
    Development for the partnering and/or licensing of the Company’s gel technology
	Fees:	$8,500.00
    USD /month

    plus

    New
    Customer Success Payment Schedule

    5%
    on the aggregate deal value from any secured new business transaction and only once the customer has fully paid the Company for any
    purchases that it has made

    Maximum
    success fee of $1,000,000 USD to be paid per new product introduced by the Contractor

	Currency
    of the Fees:	US
    Dollars
	Payment
    Term of Invoices:	30
    business days following the receipt of the Contractor’s invoice.
	Notice
    (Termination for Convenience by either Party):	30
    days

 

Acceptance
by the Company

 

This
Appendix A is accepted and agreed to by the Company for provision of the Services and outlined herein. The Company agrees to pay the
Fees pursuant to the Fee Schedule.

 

    - 9 -

     

    

 

	Gelteq Pty Ltd.	 
	 	 
	Per:	/S/ Nathan Givoni	 
	Name:	Nathan Givoni	 
	Date:	 9/7/2021	 
	 	 	 
	SOSNA & CO INC.	 
	 	 
	Per:	/S/ Authorized Signatory	 
	Name:  	Authorized Signatory	 
	Date:	9/8/2021	 

 

 

- 10 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}]]