Document:

TERM SHEET BETWEEN GOLDSPAN RESOURCES,
INC (GRI) AND LS LLC

 

In as much GRI (Company) and LS
LLC have been in discussions about LS LLC, (Consultant) providing business development and financial consulting services on an
independent contractor basis and the general terms have been agreed upon, then this Term Sheet will suffice as the outline for
the formal Agreement for Services to be completed by the Company attorney as soon as is practical. The following elements are the
salient elements to be included in the Agreement

 

• Consultant agrees to provide
business development and financial consulting to the Company on an as needed basis and in the professional manner customary of
such service provider, on a non-exclusive basis

• The actual ‘scope of
services’ will be more clearly defined in the Agreement

 

• Status of The Consultant.
The Consultant shall act as an independent contractor and not as an agent or Employee of The Client and The Consultant shall make
no representation as an agent or employee of The Client. The Consultant shall be responsible for all taxes as an independent contractor,
the Consultant shall have no authority to bind The Client or incur other obligations on behalf of The Client. Likewise, The Client
shall have no authority to bind The Consultant or incur obligations on behalf of The Consultant.

• Disclosure of Material
Events. The Client agrees to promptly disclose to The Consultant in a timely manner those events/discoveries which are known
and/or anticipated that may reasonably be expected to have an impact on the stock, business operations, future business, or public
perception of The Client, as this has a material impact on the ability and effectiveness of The Consultant and services rendered.

• Conflict of Interest.
The Consultant shall be free to perform services for other persons not engaged in the businesses in which The Client is engaged.
The Consultant will notify The Client prior to performing consulting services for any other client that could conflict with The
Consultant's obligations under the Agreement

• Term. There will be
an evaluation period so the Client/Company can determine the effectiveness of the Consultant's work in behalf of The Client. That
term, or evaluation period, shall be 90 days. If The Client/Company determines that The Consultant has not been effective then
in such event there will be no more stock compensation issued to The Consultant and the Consulting Service Agreement can be terminated
at any time in the sole discretion of the Company, without penalty, but the Company agrees that the full payment made under this
agreement has been ‘earned’.

• Payment of Services:
$25,000 upon the agreement of the essential terms of the Agreement described in the Terms Sheet executed on December 13th
and 5 million common shares of GSPN stock. Half of the shares shall be released upon signing of the Agreement and the second half
at the end of the 90 day ‘evaluation’ period.

 

If the above key elements of Consulting
Agreement between the Parties accurately reflects your best understanding of and intentions of the herein salient elements, please
so indicate by affixing you signature below on this 13th day of December 2012 and the Company will have counsel prepare
the final Agreement between the parties as soon as is practical.

 

	Rich Carey	/s/ Phillip Allen
	L.S. LLC.	Phillip Allen, President GRI

 

 

 

    	1Goldspan Resources Inc.

836 S Vance St Unit E

Lakewood, CO 80226

 

	Phone:
	Email:

 

CONTRACT OF ENGAGEMENT

 

This Contract of Engagement dated and
effective as of March 19th, 2013 by and between Richard E. Barsom, Title, President of A.H. Barsom Company, Inc.(hereinafter referred
to as The Consultant), and Goldspan Resources Inc. Of Lakewood, CO (hereinafter referred to as The Client).

 

Recitals:

 

I. The Client desires to obtain certain
consulting services from The Consultant as more particularly described herein ("Scope of Services").

 

II. The Consultant is in the business
of providing consulting services and has agreed to provide the services on the terms and conditions set forth in this agreement.
Now, therefore, in consideration of the faithful performance of the obligations set forth herein and other good and valuable consideration
the receipt and sufficiency of which are hereby acknowledged. The Consultant and The Client hereby agree as follows.

 

Terms:

 

1. Scope of Services. The Consultant
will perform business and financial consulting services on a non-exclusive basis for and on behalf of The Client in relation to
business consulting.

 

2. Status of The Consultant. The Consultant
shall act as an independent contractor and not as an agent or employee of The Client and The Consultant shall make no representation
as an agent or employee of The Client. The Consultant shall be responsible for all taxes as an independent contractor. The Consultant
shall have no authority to bind The Client or incur other obligations on behalf of The Client. Likewise, The Client shall have
no authority to bind The Consultant or incur obligations on behalf of The Consultant.

 

3. Disclosure of Material Events. The
Client agrees to promptly disclose to The Consultant in a timely manner those events/discoveries which are known and/or anticipated
that may reasonably be expected to have an impact on the stock, business operations, future business, or public perception of The
Client. As this has a material impact on the ability and effectiveness of The Consultant and service rendered.

 

4. Conflict of Interest. The Consultant
shall be free to perform services for other persons not engaged in the businesses in which The Client is engaged. The Consultant
will notify The Client prior to performing consulting services for any other client that could conflict with The Consultant's obligations
under this Agreement.

 

    	1

    	 

    

5. Term. There will be an evaluation
period so The Client can determine the effectiveness of The Consultant's work in behalf of The Client. If The Client determines
that The Consultant has not been effective then in such event there will be no more stock compensation issued to The Consultant.
The Terms shall be for six months. At the end of six months the Agreement shall be extended for an additional six months and a
bonus in compensation of one and one quarter million 144 shares of Goldspan Resources, Inc. will be issued assuming the Client
has done both of the following:

 

Helped achieve a ten day trailing average
in the stock at the price of $.35/share and:

Helped raise $2 million dollars for
Goldspan Resources under the current PPM or one which may be amended during said six month term

 

6. Payment of Services: 1,250,000shares
of 144 GSPN stock upon signing sent to:

 

	Richard E. Barsom
	322 W. 14th St. PH
	New York, NY 10014

 

7. Entire Agreement. This Contract of
Engagement constitutes the entire contact of the parties with respect to the matters addressed herein and no modifications of this
Agreement shall be enforceable unless in writing signed by both The Consultant and The Client. This agreement is not assignable
by either party without the consent of the other. This agreement is for a full year.

 

ACCEPTED as of the date above first written:

 

	Signed By:	
	 	 
	/s/Richard E Barsom	Date: 3/19/13
	Title: President	
	 	
	Signed By:	
	 	 
	/s/Phillip Allen	Date: 3/19/13
	Phillip Allen, President Goldspan Resources, Inc.	

 

    	2EX-10.1

AMENDMENT NO. 4 TO MERGER AGREEMENT AND PLAN OF REORGANIZATION

This Fourth Amendment to Merger Agreement and Plan of Reorganization (this “Fourth Amendment”), is
made as of the 17th day of June, 2013 (the “Effective Date”), by and among Immune Pharmaceuticals
Ltd. (“Immune”) EpiCept Corporation, a Delaware corporation, and EpiCept Israel Ltd., an Israeli
company (together, “EpiCept” and collectively with Immune, the “Parties”). Capitalized terms used
herein and not otherwise defined shall have the respective definitions ascribed to them in the
Merger Agreement and Plan of Reorganization, dated November 7, 2012 (the “Merger Agreement”), as
amended on November 27, 2012 (the “First Amendment”), on February 11, 2013 (the “Second Amendment”)
and on March 14, 2013 (the “Third Amendment”).

	 	 	 
	WHEREAS,
	 	The Parties have entered into the Merger Agreement; and

	WHEREAS,
	 	The Parties desire to modify the definition of “Company Financial

Statements and extend the date that the Company Financial Statements

shall be provided to Parent, and to modify the definition of “End

Date”; and

	WHEREAS,
	 	The Parties desire to amend the Merger Agreement, as further set

forth herein.

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, the
Parties hereby agree as follows:

	 	1.	 	Section 3.25(a) of the Merger Agreement, as amended in the Second Amendment and as
further amended in the Third Amendment, shall be deleted and replaced with the following:

“(a) The Company has agreed to use its best efforts to deliver to Parent on or before May
15, 2013, copies of the audited balance sheets of the Company and the audited statements of
operations, and audited changes in shareholders’ equity and cash flows, through December
31, 2012, required for the proxy statement or Registration Statement on Form S-4
(collectively, the “Company Financial Statements”). The Company Financial Statements
(including the related notes) will be prepared in accordance with GAAP during the periods
involved, and will present fairly the consolidated financial position of the Company as of
the respective dates set forth therein, and the consolidated results of the Company’s
operations and its cash flows for the respective periods set forth therein in accordance
with GAAP.”

	 	2.	 	The first sentence of Section 5.18(b) of the Merger Agreement, as amended in the Second
Amendment and as further amended in the Third Amendment, shall be amended by replacing the
words “April 15, 2013” with “May 15, 2013”.

	 	3.	 	Section 10.1(b)(i) of the Merger Agreement shall be deleted and replaced with the
following:

“(i) (A) The Merger Effective Time shall not have occurred on or before September 15,
2013 (the “End Date”) and (B) the party seeking to terminate this Agreement
pursuant to this Section 10.1(b) shall not have breached in any material respect its
obligations under this Agreement in any manner that shall have proximately caused the
failure to consummate the Merger on or before such date;”

	 	4.	 	Section 10.1(c)(iii) of the Merger Agreement, as amended in the Second Amendment and as
further amended in the Third Amendment, shall be deleted and replaced with the following:

“If the Company does not deliver to Parent the Company Financial Statements on or before
May 15, 2013.”

	 	5.	 	Unless amended hereby, all provisions of the Merger Agreement, the First Amendment, the
Second Amendment and the Third Amendment shall remain in full force and effect.

[The remainder of this page intentionally left blank]

1

IN WITNESS WHEREOF, the Parties hereto have executed this Fourth Amendment as of the Effective
Date.

EPICEPT CORPORATION

By:      

Name: Robert W. Cook

Title: President

EPICEPT ISRAEL LTD.

BY: EPICEPT CORPORATION

By:      

Name: Robert W. Cook

Title: President

IMMUNE PHARMACEUTICALS LTD.

By:      

Name: Dr. Daniel Gedeon Teper

Title: Chief Executive Officer

2

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