Document:

Exhibit
10.8

 

 

 

Parties

 

Adjutor
Healthcare Pty Ltd

 

&

 

Gelteq
Pty Ltd

 

 

 

Master
Services Agreement

 

 

 

 

 

 

    

     

    

 

SERVICES
agreement dated the 1st day of November, in the
year 2021.

 

	BETWEEN:	 	Adjutor
    Healthcare Pty Ltd ACN 624 961 413

 of Level 1, Suite 5, 796 High Street, Kew East, in the State of Victoria, 3102, Australia
	 	 	(Consultant)
	 	 	 
	AND:	 	Gelteq
    Pty Ltd ACN 619 501 254

 of Level 7, 612-616 St Kilda Rd Melbourne VIC, 3004
	 	 	(Company)

 

		1.	From
time to time, Company may wish to retain Consultant to provide services in relation to certain works or projects (Projects).

   

		2.	Consultant
will provide services to Company subject to the terms set out in the attached Terms of Business (Terms).

   

		3.	The
services (Services) will be described in a Statement of Work to be agreed and signed by the parties (Statement of Work or
SOW). The parties may enter one or more Statements of Work which must include the details set out in the pro forma SOW below.

   

		4.	The
amount of fees payable to Consultant, the date(s) on which such fees will be due to Consultant and the way such Fees will be paid, will
be specified in the relevant SOW.

   

		5.	Any
Annexes to this Agreement form an integral part of this Agreement.

 

A
reference to “this Agreement” means this Agreement, the SOW and the Terms.

 

EXECUTED
as an agreement by

 

	Adjutor Healthcare Pty Limited 	 	Gelteq Pty Ltd
	 	 	 
	By: 	/S/ Authorized Signatory	 	By: 	/S/ Nathan Givoni
	Name:   	Authorized Signatory	 	Name:   	 Nathan Givoni
	Title: 	CEO and Board Chair	 	Title: 	CEO 
	 	 	 
	In the presence of: 	 	In the presence of: 
	 	 	 
	[*****]	 	[*****]
	Name: 	[*****]	 	Name: 	[*****]
	Title: 	General Manager	 	Title: 	General Manager 

 

    2

     

    

 

	1.	PROVISION
                                            OF SERVICES

 

	1.1	Consultant
                                            agrees to provide the Services:

 

		(a)	with
                                            reasonable care and skill; and
	 	 	 

		(b)	in
                                            a diligent and professional manner.

 

	1.2	Company
                                            and Consultant must:

 

		(a)	carry
                                            out a job safety assessment and ensure that Consultant is familiar with the premises where
                                            the Services are to be carried out and that relevant factors that may affect performance
                                            of the Services have been identified; and
	 	 	 

		(b)	ensure
                                            that all Service Personnel have carried out safety inductions before performing any work
                                            at Company’s or Company’s customers’ premises.

 

	2.	SERVICE
                                            PERSONNEL

 

	2.1	Consultant
                                            will ensure that the Service Personnel:

 

		(a)	are
                                            suitably qualified, experienced and trained to provide the Services and are supplied with
                                            appropriate tools to enable them to carry out the Services safely and competently at Company’s
                                            premises;
	 	 	 

		(b)	comply
                                            with any reasonable directions of Company and its agents in relation to the provision of
                                            the Services; and
	 	 	 

		(c)	comply
                                            with all laws affecting the performance of the Services and all written agreements with Company
                                            relating to confidentiality and, if Service Personnel are working on site at Company premises,
                                            Company policies and procedures with respect to environment, health and safety, security
                                            and privacy.

 

	2.2	Consultant
                                            may, from time to time, but with prior notice to Company replace Service Personnel with other
                                            personnel reasonably acceptable to Company including suitable subcontractors in the case
                                            of specialised services.

 

	3.	FEES
                                            PAYABLE TO SUPPLIER

 

	3.1	In
                                            consideration of the provision of Services in accordance with this Agreement, Company agrees
                                            to pay the fees as determined in accordance with the SOW and the Services performed (Fees).
                                            Company will reimburse Consultant for Consultant’s out-of-pocket expenses or necessary
                                            expenses not included in the SOW upon Consultant providing appropriate evidence of the expenses
                                            incurred. Any expenses in excess of AUD500 individually or in aggregate must be approved
                                            in advance by Company in writing. Consultant will reduce the price of any supply by the amount
                                            of input tax credits available to it in respect of that supply.

 

	3.2	Apart
                                            from any down payments specified in the SOW, once the Services, or a portion of the Services
                                            have been performed and a valid tax invoice has been provided, that invoice is payable within
                                            30 days of the date of invoice unless otherwise specified in the SOW.

 

	4.	COMPANY
                                            OBLIGATIONS

 

Company
will provide to Consultant such access to Company’s premises, facilities, systems, information or personnel as Consultant reasonably
requires in order to provide the Services in accordance with this Agreement.

 

	5.	INTELLECTUAL
                                            PROPERTY

 

	5.1	Company
                                            will own all intellectual property rights in the Project Deliverables (other than third party
                                            rights, if any, and pre-existing intellectual property rights of Consultant).

 

	5.2	Consultant
                                            agrees that all intellectual property rights in any materials provided to it by Company to
                                            enable it to provide the Services will remain vested in Company (Supplied Materials').
                                            Company grants to Consultant a right to use any of the Supplied Materials solely for the
                                            purposes of providing the Services, which licence will terminate on the termination of this
                                            Agreement for any reason.

 

	6.	TERM
                                            AND TERMINATION

 

	6.1	This
                                            Agreement will commence on the date indicated at the top of page 2 of this agreement and
                                            will continue until terminated in accordance with this clause 6.

 

	6.2	The
                                            commencement date for each SOW will be the date on which the SOW is executed, and each SOW
                                            will continue in effect until either the completion of its Services, unless that SOW or this
                                            Agreement is terminated in accordance with clause 6.3 below

 

    3

     

    

 

	6.3	Company
                                            may terminate this Agreement or a SOW at any time by giving not less than 30 days written
                                            notice to the other party in which case, Company will pay to Consultant:

 

		(a)	for
                                            all Services that Consultant has already provided to Company; and
	 	 	 

		(b)	all
                                            reasonable liabilities, costs and expenses incurred by Consultant up to the time of termination.

 

	6.4	A
                                            party may terminate this Agreement immediately, by notice in writing to the other, if:

 

		(a)	the
                                            other commits a breach of this Agreement and fails or refuses to rectify or remedy that breach
                                            within 10 business days of receiving a notice specifying that breach requesting that it be
                                            rectified;
	 	 	 

		(b)	the
                                            other party is or becomes insolvent as defined in the Corporations Act 2001 (Cth)
                                            or a controller is appointed over it or any of its assets; or
	 	 	 

		(c)	continued
                                            association with the other party is reasonably deemed likely to result in reputational damage.

 

	7.	INSURANCE

 

	7.1	Consultant
                                            will maintain Professional Indemnity insurance and Company will maintain business insurance
                                            to cover financial liabilities claims, during the term of this Agreement and for at least
                                            12 months following the end of this agreement, for an amount no less than AUD1 million for
                                            any one claim and in the aggregate.

 

	7.2	In
                                            the event that Company does not have business insurance, this provision may be waived by
                                            Consultant following an acceptable outcome of due diligence by Consultant into Company’s
                                            financial affairs.

 

	8.	CHANGE
                                            TO SERVICES

 

	8.1	Either
                                            party may submit to the other, a written request for amendments to the Services from time
                                            to time.

 

	8.2	Where
                                            Company submits a written request for amendments to Services, Consultant will review each
                                            request submitted and will notify Company in writing, within 7 days, whether Consultant is
                                            willing to amend the Services. If Consultant is willing to amend the Services, it will submit
                                            to Company a written submission including:

 

		(a)	proposed
                                            amendments to the description and/or scope of the Services;
	 	 	 

		(b)	proposed
                                            amendments to Fees but only if the Company request would impose a material additional cost
                                            on Consultant; and
	 	 	 

		(c)	proposed
                                            amendments to any time frame specified in the SOW for completion of the Services.

 

	8.3	If
                                            Consultant determines, acting reasonably, that the Project Specifications provided by Company,
                                            upon which a given SOW is developed, are inaccurate such that Project Deliverables or Project
                                            Plan cannot be reasonably delivered as set out in that SOW or at its estimated cost, Consultant
                                            may propose amendments to that SOW which take account of corrected Project Specifications.

 

		(a)	Company
                                            will consider the proposed amendments in good faith and notify Consultant of its agreement
                                            or otherwise in writing within 7 days.
	 	 	 

		(b)	If
                                            the parties cannot agree to proposed amendments to the SOW under this clause 9.3, Consultant
                                            may terminate this Agreement with 14 days’ written notice and Company will pay Consultant
                                            for all Services provided to the Company and reasonable costs and expenses and liabilities
                                            incurred by Consultant up until the date of termination.

 

	8.4	Until
                                            such times as proposed amendments are accepted in accordance with this clause 8. Consultant
                                            will continue to provide the Services in accordance with the then current SOW.

 

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	9.	LIABILITY
                                            & CLAIMS

 

	9.1	If,
                                            apart from this clause 9 any warranty, condition or guarantee would be implied whether by
                                            law, custom or otherwise, that warranty, condition and guarantee is, to the full extent permitted
                                            by law, hereby excluded.

 

	9.2	Neither
                                            party nor its directors, employees and consultants, will be liable under the law of contract,
                                            tort or otherwise for any indirect or consequential economic loss, suffered by the other
                                            party, other than a liability to the Company, for its direct losses. Consultant will only
                                            be liable for any direct losses sustained by Company in relation to this Agreement up to
                                            the total amount paid by Company to Consultant for the Services.

 

	9.3	Notwithstanding,
                                            and without limiting the provisions of this clause 9 Company, acknowledges and agrees that
                                            no Service Personnel, agents, officers or employees of Consultant will have any separate
                                            or individual liability to the Company.

 

	9.4	Consultant
                                            (and its directors, employees, consultants or agents), shall be deemed to have been discharged
                                            from all liability whatsoever in respect to the Services, whether under the law of contract,
                                            tort or otherwise, at the expiration of three (3) calendar years from the completion of the
                                            Services, unless otherwise provided for in any accompanying documents. Company and persons
                                            claiming through or under the Company shall not be entitled to commence any action or claim
                                            whatsoever against Consultant (and its directors, employees and consultants), in respect
                                            of the Services after that date. For the purposes of this clause, Consultant contracts on
                                            its own behalf and on behalf of its directors, employees, consultants and agents.

 

	10.	FORCE
                                            MAJEURE

 

	10.1	If
                                            Consultant is prevented from fulfilling its obligations under this Agreement for any reason
                                            beyond its reasonable control (“Force Majeure”), then it will notify Company
                                            immediately and have no liability to perform its obligations under this Agreement while the
                                            Force Majeure continues.

 

	11.	GENERAL

 

	11.1	Neither
                                            party may assign its rights or obligations under this Agreement without the written consent
                                            of the other party.

 

	11.2	This
                                            Agreement is governed by the laws of the State of Victoria, Australia. The parties submit
                                            to the non-exclusive jurisdiction of the Courts of that State.

 

	11.3	Nothing
                                            in this Agreement deems either party to be an employee, partner, agent, joint venturer or
                                            representative of the other party.

 

	11.4	If
                                            any dispute arises between Consultant and Company under this Agreement:

 

		(a)	the
                                            party raising the dispute must notify the Chief Executive Officer (or its equivalent) of
                                            the other party in writing that a dispute exists, with sufficient detail to enable the dispute
                                            to be considered; and
	 	 	 

		(b)	unless
                                            the parties otherwise agree, if the dispute is not resolved after 10 days from that notice,
                                            the dispute will be referred to mediation by a mediator agreed by the parties or, in absence
                                            of such agreement, nominated by the President of the Law Institute of Victoria who will provide
                                            the rules of the mediation. Each party must comply with directions given by the mediator.
                                            If mediation fails or one or both parties refuse mediation, legal action may be taken.

 

	11.5	Any
                                            notice will be in writing and sent to the other's address or email address as set out in
                                            a SOW or this Agreement, or as updated by a party from time to time by written notice to
                                            the other party.

 

	11.6	This
                                            Agreement constitutes the entire Agreement between the parties and supersedes all prior written
                                            or verbal representations and agreements.

 

	11.7	If
                                            any provision of this Agreement is contrary to law, then that provision will be read down
                                            to the extent necessary to give it legal effect or, if that is not possible, then it will
                                            be severed from this Agreement.

 

	11.8	This
                                            Agreement may be executed electronically and in any number of counterparts which, taken together,
                                            constitute the whole agreement.

 

    5

     

    

 

PRO
FORMA STATEMENT OF WORK

 

The
Statement of Work is made pursuant to the Services Agreement between the Company and the Consultant dated [DD/MMM/YYYY] and is subject
to and incorporates the Terms attached to that Services Agreement.

 

The
Statement of Work must contain at least the following matters:

 

		(a)	a
                                            description of the Project;
	 	 	 

		(b)	a
                                            description of Company’s business objectives for, and the anticipated business benefits
                                            of, the Project;
	 	 	 

		(c)	a
                                            description of any Deliverables to be created or developed as a result of the Project (Project
                                            Deliverables), including technical and functional specifications for those Deliverables
                                            (the Project Specifications);
	 	 	 

		(d)	Either
                                            1) an ad hoc hourly rate (Time and Materials basis) OR; 2) a Consultant’s bona
                                            fide cost estimate (range) (the Estimate) based on information provided by Company
                                            OR; 3) a Fixed Price (the Fixed Price) based on information provided by Company at
                                            which Consultant would be prepared to perform the Project on the basis that Consultant bears
                                            the risk of any cost overrun and will have the benefit of any cost underrun; OR 4) an Estimate
                                            or Fixed Price for each significant Project Deliverable.
	 	 	 

		(e)	a
                                            timetable for the performance of the Project including milestones or by mutual agreement
                                            to be confirmed by email after the SOW is signed (the Project Plan);
	 	 	 

		(f)	key
                                            performance indicators and required service levels;
	 	 	 

		(g)	the
                                            personnel that will perform the Project, where known at the time of SOW signing (Service
                                            Personnel);
	 	 	 

		(h)	the
                                            responsibilities of each party performing the Project, and a list of the dependencies of
                                            each of the parties in respect of the other; and
	 	 	 

		(i)	any
                                            other information reasonably considered by the parties to be necessary in facilitating the
                                            performance of the Project, including any down payment of fees to be offset against future
                                            invoices.

 

 

 

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) the type that the registrant treats as private or confidential.”

 

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 -

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