Document:

Exhibit
10.12

 

 

March
10, 2022

 

Dr.
Maria Vilenchik

45 Ridge Rd

Waban,
MA 02468

 

Dear
Masha,

 

The
following (“Letter Agreement” and/or “Agreement”) will set forth the terms and conditions of your
employment with Felicitex Therapeutics, Inc. (“Felicitex” or “Company”).

 

1.
Position; Duties.

 

(a) During
your employment under this Letter Agreement and subject to Section 5(b), you will serve in a full-time capacity as acting Chief Executive
Officer of the Company. While you service in the position of Chief Executive Officer, you will report to the Board of Directors of Felicitex
(the “Board”). You will have such duties and responsibilities, commensurate with your position, as will be determined
from time to time by the Board. Your employment with the Company under this Letter Agreement will commence on January 1, 2022 as long
as you return an executed copy of this Letter Agreement to the Company (which employment commencement date, for purposes of this Letter
Agreement, will be hereafter referred to as the “Effective Date”).

 

(b) Your
principal place of employment will be the offices of the Company currently located in Natick, Massachusetts. You will also be required
to travel to other Company locations, if the Company opens additional locations, or for other business reasons, including management
meetings in Chester Springs, Pennsylvania, client visits and industry conferences, from time to time in the course of performing your
duties for the Company.

 

(c) By
signing this Letter Agreement, you represent and warrant to the Company, as of the Effective Date, that:

 

(i) you
are not under, subject to or otherwise obligated by any contractual commitments (including, without limitation, any non-competition,
non-solicitation, proprietary information and inventions, members’, shareholders’, investors’ or similar agreements)
that will be inconsistent with your obligations to the Company or any of its affiliates, or that would be breached by or would prevent
or interfere with your execution of this Letter Agreement or your obligations under this Letter Agreement to the Company, other than
your existing employment agreement with the Company, if any, which you acknowledge and agree is superseded in all respects by this Letter
Agreement; and

 

(ii) you
have no holdings in the capital stock or equity interests of any company (other than Felicitex Therapeutics, UAB, a Lithuania Company
formed to collaborate with the Company on obtaining grant funds in Europe, and any investment in stock or other interest of an entity
or any of its direct or indirect subsidiaries listed on a national securities exchange or quotation system or traded in the over-the-counter
market if you do not, directly or indirectly, hold in the aggregate more than a total of one percent (1%) of all such shares of stock
or other interest issued and outstanding) that is in competition with any line of business conducted by the Company or any of its affiliates.

 

Felicitex
Therapeutics, Inc., 27 Strathmore Rd., Natick MA 01760 Tel: (919) 215-0025

 

     

     

    

 

2. Salary.
You will be paid a salary at the annual calendar year rate of $160,000 (the “Base Salary”), until such time the Company
raises a minimum of $10,000,000 in an equity capital raise, at which time the base rate shall increase to $250,000, payable in accordance
with the Company’s standard payroll practices for salaried employees, but in any event not less frequently than monthly. The Base
Salary will begin to accrue on and from the Effective Date and will be subject to annual review and adjustment (but not reduction) pursuant
to the Company’s employee compensation policies in effect from time to time.

 

3.
Incentives. You will be eligible for the following incentives.

 

(A) Bonus.
An annual bonus for the achievement of Milestones established by the Compensation Committee of the BOD of up to 30% of Base Compensation.

 

(B) Collaboration
Bonus. You will receive a cash bonus equal to 2% of any “upfront payment” on any collaboration agreement reached with a pharmaceutical
company, so long as the negotiations were initiated during your employment with the company. For the sake of clarity, should the company
receive an upfront payment of $10,000,000 to develop a drug for a pharmaceutical company, you shall receive a bonus equal to $200,000
upon receipt of the upfront payment.

 

(C) Equity.
You will receive a grant of nonqualified stock options exercisable into 2,000,000 shares of common stock that shall vest quarterly at
a rate 1/16 per quarter over a period of four years beginning January 1, 2022. In addition, you will receive a grant of nonqualified
stock options exercisable into 3,000,000 shares of Common stock that shall vest upon the achievement of milestones including:

 

		(a)	IND
                                            approval for first indication – 16.67%

		(b)	IND
                                            approval for second indication – 16.67%

		(c)	IND
                                            approval for third indication – 16.67%

		(d)	First
                                            patient dosed in first Phase IIb Trial – 16.67%

		(e)	First
                                            patient dosed in second Phase IIb Trial - 16.67%

		(f)	First
                                            patient dosed in third Phase IIb Trial - 16.67%

 

(D)
Additional Equity. You will receive a grant of nonqualified stock options exercisable into 200,000 shares of common stock on the date
the Company receives grant of nondilutive funding from any US Agency to conduct research.

 

(E) The
options shall be exercisable at a price per share not to exceed fair market value on the date of grant. The grant shall provide for a
cashless exercise at the option of the recipient in the event of an exit. As of December 30, 2021, the value per share was $.34 per share
per 409A valuation prepared by Carta.

 

4. Other
Benefits. During your employment with the Company, you will be eligible to participate in the Company’s benefit plans made
available to other executive officers of the Company and their families, including, but not limited to, any 401(k), or defined benefit
plan, any group health insurance plan, dental insurance plan, life insurance plan, and long and short term disability insurance plans,
and any fringe benefit plans and programs, in accordance with standard terms and conditions of such plans offered by the Company.
Such plans are subject to change or termination from time to time at the discretion of the Company. The Company will provide you
with 25 days of paid time off per year, and phone allowance of up to $100 per month.

 

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5. General
Expense Reimbursement. During your employment, the Company will reimburse you for all reasonable business-related expenses that you
incur on the Company’s behalf or in connection with carrying out your duties for the Company, including, but not limited to, expenditures
that you make in connection with travel, entertainment and miscellaneous expenses. To obtain such reimbursement, you must timely submit
reasonable documentation of such expenses in accordance with the standard policies and procedures established by the Company as in effect
from time to time.

 

6.
Period of Employment; Future Responsibilities.

 

(a) Your
employment with the Company will be “at will”, meaning that either you or the Company will be entitled to terminate your
employment at any time and for any reason, with or without Cause, upon written notice to the other party. Although, subject to the terms
of this Letter Agreement, your job duties, title, compensation and benefits, as well as the Company’s personnel policies and procedures,
may change from time to time, the “at will” nature of your employment may only be changed in an express written agreement
signed by you and a duly authorized officer of the Company.

 

(b) While
you will initially serve as the Company’s Chief Executive Officer, the Board may elect to hire a successor Chief Executive Officer,
at which point you will serve as Chief Scientific Officer for the Company. Following the appointment of a successor Chief Executive Officer,
you will report to the Chief Executive Officer of the Company. You will then have such duties and responsibilities, commensurate with
your new position, as will be determined from time to time by the Chief Executive Officer. Notwithstanding any change of position, your
Base Salary, Bonus, Collaboration Bonus and Equity Compensation, or benefits will not be reduced.

 

(c) Subject
to and notwithstanding the other provisions of this Letter Agreement, if your employment with the Company is terminated for any reason,
including death or Disability, you will be entitled to receive:

 

(i) your
Base Salary (as in effect at the time of your termination of employment) through the date on which your employment terminates (the “Date
of Termination”); payable on the pay date immediately following the Date of Termination;

 

(ii) unpaid
qualified expense reimbursements through the Date of Termination; and

 

(iii) all
other amounts due to you pursuant to applicable law and the plans, policies, and practices of the Company (the foregoing subparagraphs
(i)-(iii) collectively, the “Accrued Obligations”).

 

(d) Additional
Payments Upon Termination Without Cause or For Good Reason. If your employment is terminated by the Employer without Cause or by
you for Good Reason, and subject to the conditions set forth in Paragraph 6(e) as well as all post-employment covenants set forth in
this Letter Agreement, you will be entitled to receive continued payment of your Base Salary in effect on the Date of Termination (disregarding
any reduction constituting Good Reason) for a period of twelve (12) months following the Date of Termination in accordance with the Employer’s
standard payroll practices; provided, however, the continued payments shall cease upon your obtaining gainful employment or self-employment
thereafter prior to the expiration of the three-month period.

 

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(e) Release
of Claims; Timing. Notwithstanding anything in this Letter Agreement to the contrary, as a condition to receiving any benefits and
payments under Paragraph 6(b)(ii) (other than Accrued Obligations) with respect to termination without Cause or for Good Reason, you
(or your estate or representative, as applicable) will be obligated to execute, within thirty (30) days following your Date of Termination
(the “Release Period”) a general release of claims in favor of the Employer, substantially in the form attached hereto
as Exhibit B, which release shall have become effective and irrevocable in its entirety. Your failure or refusal to sign
the release (or your revocation of such release in accordance with applicable law) will result in the forfeiture of the payments under
said Paragraph 6(b)(ii) and the repayment of any amounts already paid to you thereunder (other than Accrued Obligations). Notwithstanding
anything in this Letter Agreement to the contrary, in the event that the Release Period overlaps two (2) calendar years, unless otherwise
permitted by Section 409A of the Internal Revenue Code, as amended (the “Code”), any benefits and payments under Paragraph
6(b)(ii) (other than Accrued Obligations) that would have been made during such first calendar year shall instead be withheld and paid
on the first payroll date in such second calendar year, with all remaining payments to be made as if no such delay had occurred.

 

(f) Compliance
with Obligations. If, following a termination of employment you breach, in any material respect, any provision of Paragraphs 7 and
8 of this Letter Agreement, including any provision of the Employee Proprietary Information and Inventions Assignment Agreement attached
hereto as Exhibit C (the “EPIIA Agreement”), you will not be eligible, as of the date of such breach,
for any of the payments described under Paragraph 6(b)(ii) (other than Accrued Obligations) and any and all obligations and agreements
of the Employer with respect to such payments shall thereupon cease.

 

(g) Effect
of Termination. The termination of your employment for any reason will constitute your resignation from (i) any director, officer
or employee position you have with the Company or any affiliate thereof and (ii) all fiduciary positions (including as a trustee) you
hold with respect to any employee benefit plans or trusts established by the Company or any of its affiliates. You hereby agree that
this Letter Agreement will serve as written notice of resignation in this circumstance.

 

7.
Outside Activities.

 

(a) Exclusive
Services. During your employment with the Company, you will not engage in any other gainful employment, business or activity that
materially interfere with the performance of your duties under this Agreement, without the written consent of the Company; provided
that, for the avoidance of doubt, you shall be permitted to (x) act or serve as a director, trustee, committee member or hold similar
positions of other organizations, including without limitation, any type of civic, charitable or nonprofit organization and (y) teach,
including without limitation, serving as an adjunct professor. In addition, you will not own, directly or indirectly, any capital stock
or equity interests of any company which is in competition with any line of business conducted by the Company or any of its affiliates.
For the purposes of this Agreement, Felicitex Therapeutics UAB shall not be a company in competition with the Company.

 

(b) Non-Disparagement.
During your term of employment with the Company (i) you will not knowingly and publicly disparage, criticize, or otherwise make any
derogatory statements regarding the Company, or any of its respective directors or officers, to any third parties, and (ii) the members
of the Board will not knowingly and publicly disparage, criticize, or otherwise make any derogatory statements regarding you to any third
parties. Notwithstanding the foregoing, nothing contained in this Letter Agreement will be deemed to restrict you or any other individual
or entity from providing truthful information to any governmental or regulatory agency (or in any way limit the content of any such information)
to the extent you are or such individual or entity is requested or required to provide such information pursuant to applicable law or
regulation.

 

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(c) Trade
Secrets. In the course of your employment with the Company you have become, and will continue to become, familiar with the trade
secrets of the Company and its affiliates (collectively, the “Company Group”) and with other confidential information
concerning the business of the Company Group. Because of the foregoing and in further consideration of the compensation and other benefits
to be provided to you under this Letter Agreement, you will not during your employment with the Company, and continuing thereafter, directly
or indirectly use trade secrets (as such term is defined in Section 3426(1)(d) of the Uniform Trade Secrets Act) of the Company Group
in violation of applicable law or violate the EPIIA Agreement.

 

(d) Non-Solicitation.
While you are employed by the Company or any of its affiliates and continuing for a period of two years thereafter, (the “Non-Solicit
Period”), you will not, directly or indirectly, (i) knowingly interfere with or attempt to interfere with the relationship
between any person who is, or was during the then most recent twelve (12) month period, an employee, officer, representative or agent
of the Company or any of its affiliates, or solicit, induce, or attempt to solicit or induce any of them to leave the employ of the Company
or any of its affiliates, or violate the terms of its respective contracts, or any employment arrangements, with such entities or hire
away or attempt to hire away any such individuals; or (ii) induce or attempt to induce any customer, client, supplier, licensee or other
person or entity then having a business relationship with the Company and its affiliates to cease doing business with the Company or
any of its affiliates, or in any way knowingly interfere with the relationship between the Company or any of its affiliates and any customer,
client, supplier, licensee or other business relationship. As used herein, the term “indirectly” will include, without limitation,
the authorized use of your name by any competitor of the Company or any of its affiliates to induce or interfere with any employee or
business relationship of the Company or any of its affiliates (provided that general solicitations, advertisements and announcements
shall not be deemed to be in violation of this Paragraph).

 

(e) Non-Competition.
While you are employed by the Company or any of its direct or indirect subsidiaries and continuing for a period of one year thereafter,
you shall not, directly or indirectly, whether as principal, agent, partner, officer, director, stockholder, employee, consultant or
otherwise, alone or in association with any other person or entity, perform in the United States managerial or management consulting
services materially similar to those you provide for the Company or any of its direct or indirect subsidiaries for any business that
is in direct competition with the products and services currently offered by the Employer (or any of its direct or indirect subsidiaries).

 

8. Confidentiality.
Like all employees, you will be required, as a condition to your employment with the Employer, to sign the EPIIA Agreement, which is
the Employer’s standard form of Employee Proprietary Information and Inventions Assignment Agreement. For all purposes of this
Letter Agreement, the covenants contained in the EPIIA Agreement are incorporated herein by reference as if such covenants were set forth
herein in full. In addition, the Company agrees not to disclose the existence of this Letter Agreement or anything else regarding your
future employment to any third parties until such time as you have notified the Company that you have provided notice of resignation
to your current employer.

 

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9.
Acknowledgements; Adequate Consideration; Modification; Injunctive Relief.

 

(a) You
acknowledge and agree that the services to be rendered by you to the Company are of a special and unique character; that you have and
will continue to obtain knowledge and skill relevant to the Company’s industry, methods of doing business and marketing strategies
by virtue of your employment; and that the restrictive covenants and other terms and conditions of this Letter Agreement are reasonable
and reasonably necessary to protect the legitimate business interest of the Company. You further acknowledge that the amount of your
compensation as set forth in this Letter Agreement is adequate consideration supporting your obligations and the Company’s rights
under Paragraphs 6 and 7 of this Letter Agreement; that you have no expectation of any additional compensation or other payment of any
kind not otherwise referenced herein in connection with your employment by the Company; that you will not be subject to undue hardship
by reason of your full compliance with the terms and conditions of Paragraphs 6 and 7 of this Letter Agreement or the Company’s
enforcement thereof. You also acknowledge and agree that the covenants entered into by you in Paragraphs 6 and 7 are essential elements
of the parties’ agreement as expressed in this Letter Agreement, are a material inducement for the Company to enter into this Letter
Agreement and the breach of any of those covenants would be a material breach of this Letter Agreement.

 

(b) In
the event that any provision of Paragraph 6 or 7 is determined by a court which has jurisdiction to be unenforceable in part or in whole,
the court shall be deemed to have the authority to strike any unenforceable provision, or any part thereof, or to revise any provision
to the minimum extent necessary to be enforceable to the maximum extent permitted by law.

 

(c) You
further acknowledge and agree that the Company’s remedies at law for a breach or threatened breach of any of the provisions of
Paragraphs 6 or 7 would be inadequate. In recognition of this fact, you agree that, in the event of such a breach or threatened breach,
in addition to any remedies at law, the Company will be entitled to obtain equitable relief in the form of temporary restraining order,
temporary or permanent injunction or any other equitable remedy which may then be available, without bond or security, restraining you
from engaging in the activities prohibited by Paragraphs 6 or 7 of this Letter Agreement, or such other relief as may be required specifically
to enforce this Letter Agreement.

 

10. Withholding.
All forms of compensation referred to in this Letter Agreement are subject to reduction to reflect applicable withholding and payroll
taxes and any other legal deduction or withholding requirements.

 

11.
Section 409A of the Code.

 

(f) This
Letter Agreement is intended to comply with, or meet the requirements of an exemption under Section 409A of the Code, and will be interpreted
and construed consistent with that intent. For purposes of determining timing of payment of any nonqualified deferred compensation under
this Letter Agreement, the terms “terminate,” “terminated” and “termination” mean a termination of
your employment that constitutes a “separation from service” within the meaning of the default rules of Section 409A of the
Code. For purposes of Section 409A of the Code, your right to receive any installment payments pursuant to this Letter Agreement shall
be treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Letter Agreement specifies
a payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole
discretion of the Company.

 

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(g) Notwithstanding
any other provision of this Letter Agreement, to the extent that the right to any payment (including the provision of benefits) hereunder
provides for the “deferral of compensation” within the meaning of Section 409A(d)(1) of the Code, the payment will be paid
(or provided) in accordance with the following:

 

(i) If
you are a “Specified Employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code on the Date of Termination, then
no such payment shall be made or commence during the period beginning on the date of termination and ending on the date that is six (6)
months following the date of termination or, if earlier, on the date of your death. Upon the expiration of the foregoing delay period,
the amount of any payment that would otherwise be paid to you during the delay period will instead be paid in a lump sum on the fifteenth
(15th) day of the first calendar month following the end of the period, and any remaining payments and benefits due under this Letter
Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein.

 

(ii) Payments
with respect to reimbursements of expenses shall be made on or before the last day of the calendar year following the calendar year in
which the relevant expense is incurred. The amount of expenses eligible for reimbursement during a calendar year may not affect the expenses
eligible for reimbursement in any other calendar year. Any right to any reimbursement shall not be subject to liquidation or exchange
for another benefit.

 

(iii) Payments
under this Letter Agreement shall not be subject to offset by any other amount unless otherwise permitted by Section 409A of the Code.

 

12. Cooperation.
You agree that some matters in which you will be involved during your employment may necessitate your cooperation after your Date
of Termination. Accordingly, following the termination of your employment for any reason, to the extent reasonably requested by the Board,
you shall cooperate with the Company in connection with matters arising out of your service to the Company’ provided that the Company
shall make reasonable efforts to minimize disruption of your other activities. The Company shall reimburse you for reasonable expenses
incurred in connection with such cooperation.

 

13. 280G
Treatment. Notwithstanding anything in this Letter Agreement to the contrary, in the event you receive severance or other payments
or benefits that would be considered “parachute payments” within the meaning of Section 280G of the Code (“Section
280G” and the “Parachute Payments”), and if any portion of the Parachute Payments would be considered “excess
parachute payments” as defined in Section 280G, you agree to submit the portion of the Parachute Payments that cause a portion
to be considered excess parachute payments for shareholder approval in accordance with the requirements of Section 280G and the regulations
promulgated thereunder. You acknowledge that, in connection with the shareholder approval process, you are required to waive your right
to receive and/or retain the Parachute Payments in the event shareholders do not validly approve the payments as required by Section
280G. In the event you refuse to sign a 280G waiver if so requested by the Company, payments and/or benefits you might receive (whether
severance or otherwise) that are deemed “contingent” on a transaction under Section 280G shall be reduced (but not below
zero) so that no portion of the payments and/or benefits will be deemed excess parachute payments (and to the extent any such reduced
payments already were paid, you agree to return those amounts to the Company). For purposes of any such reduction, cash payments shall
be reduced first, on a pro-rata basis, then payments related to equity grants (whether in the form of vesting acceleration or otherwise),
in reverse order of the date of grant, and then any other payments and benefits due to you on a pro-rata basis.

 

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14. Definitions.
To the extent not defined herein, Exhibit A to this Letter Agreement sets forth the applicable definitions of capitalized
terms in this Letter Agreement.

 

15. Entire
Agreement. This Letter Agreement and its exhibits, including the referrals herein to other documents, plans and agreements, contain
all of the terms of your employment with the Company and supersede, as of the Effective Date, any prior understandings or agreements,
whether oral or written with the Company or its respective predecessors or affiliates.

 

16. Severability.
The illegality, invalidity or unenforceability of any provision of this Letter Agreement under the law of any jurisdiction shall not
affect its legality, validity or enforceability under the law of any other jurisdiction nor the legality, validity, enforceability of
any other provision. In addition to, and consistent with the foregoing, although the covenants in Paragraph 6 of this Letter Agreement
are considered by the Company and you to be reasonable in all the circumstances, if one or more of such covenants should be held invalid
as an unreasonable restraint of trade or for any other reason whatsoever, but would have been held valid if part of the wording thereof
had been deleted or the period thereof reduced or the range of activities or area dealt with thereby reduced in scope, then such covenants
shall apply with such modifications as may be necessary to make them valid and effective.

 

17. Nonassignability;
Binding Agreement. Your rights, duties, obligations or interests under this Letter Agreement will not be assignable or delegable
by you. All of the rights and obligations of the Company hereunder will not be assignable by the Company except as incident to a reorganization,
merger or consolidation, or transfer of all or substantially all of the Company’s assets, provided that the assignee or transferee
assumes by operation of law or in a writing duly executed by such assignee or transferee all of the liabilities, obligations and
duties of the Company contained in this Agreement.

 

18. Amendment,
Governing Law, and Venue. This Letter Agreement may not be amended or modified except by an express written agreement signed by you
and a duly authorized officer of the Company. This Letter Agreement will be governed by, and construed in accordance with, the laws of
the Commonwealth of Massachusetts, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws
thereof. In any action between any of the parties arising out of or relating to this Agreement or any of the transactions contemplated
by this Agreement: (a) each of the parties irrevocably and unconditionally consents and submits to the exclusive jurisdiction and venue
of any state court sitting in the Commonwealth of Massachusetts or any United States federal court located in Boston Massachusetts and
agrees that process may be served upon it in any manner authorized by the laws of the Commonwealth of Massachusetts for such Persons
and waives and covenants not to assert or plead any objection which it might otherwise have to such jurisdiction and such process; (b)
if any such action is commenced in a state court, then, subject to applicable Law, no party shall object to the removal of such action
to any federal court located in Boston, Massachusetts; and (c) each of the parties irrevocably waives the right to trial by jury in connection
with any matter based upon or arising out of this Agreement or the transactions contemplated hereby.

 

19. Arbitration.
You and the Company agree that to the extent permitted by law, any dispute or controversy arising out of, relating to, or in connection
with this Letter Agreement other than with respect to Sections 6 and 7, which shall be governed by Section 16, or the interpretation,
validity, construction, performance, breach, or termination thereof, or your employment by the Company or any termination thereof, will
be settled by arbitration to be held at a location in Boston, Massachusetts in accordance with the National Rules for the Resolution
of Employment Disputes then in effect of the American Arbitration Association. The arbitrator may grant injunctions or other relief in
such dispute or controversy. The decision of the arbitrator will be final, conclusive and binding on the parties to the arbitration.
Judgment may be entered on the arbitrator’s decision in any court having jurisdiction. The Company and you each will separately
pay its costs and expenses of the arbitration, unless the arbitrator determines otherwise in accordance with applicable law. The arbitrators’
fees and expenses and all administrative fees and expenses associated with the filing of the arbitration shall be paid by the non-prevailing
party as the applicable arbitrator determines otherwise in accordance with applicable law.

 

20. Counterparts.
This Agreement may be executed in two or more counterparts (which may be effectively delivered by facsimile or other electronic means),
each of which shall be deemed an original but all of which together shall constitute one and the same instrument.

 

We
hope that you find the foregoing terms acceptable. You may indicate your agreement with these terms and accept this offer by signing
and dating the enclosed duplicate original of this Letter Agreement and the enclosed EPIIA Agreement and returning them to me.

 

We
look forward to your continued success with the Company.

 

[Signatures
appear on following page]

 

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	 	Very truly yours,
	 	 
	 	Felicitex Therapeutics, Inc.:
	 	 
	 	By:	/s/
    Marc Duey,
	 		Marc Duey, Chairman

 

I
have read and accept this employment offer:

 

	/s/
    Maria Vilenchik	 	Dated: 	 3/11/2022
	Maria Vilenchik	 		

 

Felicitex
Therapeutics, Inc., 27 Strathmore Rd., Natick MA 01760 Tel: (919) 215-0025

 

     

     

    

 

Exhibit
A

 

Definitions

 

For
purposes of the Letter Agreement, the terms set forth below will have meanings set forth herein.

 

“Cause”
means (as determined by the Board in good faith):

 

(a) any
willful act or omission by you constituting fraud, dishonesty, disparagement or other malfeasance, which, other than in the event of
fraud, is injurious to the financial condition or business reputation of the Employer or any of its affiliates or employees;

 

(b) your
conviction of, or pleading nolo contendere to, any felony or a misdemeanor involving moral turpitude (or the equivalents thereof
in any jurisdiction in which the Employer or any of its affiliates conducts business);

 

(c) any
material misrepresentation or significant breach of any of the terms of the Letter Agreement or your failure or refusal to carry out
or meet lawful requirements set by, or lawful directions provided by, the Board, as determined by the Board in its sole discretion;

 

(d) the
use (including being under the influence) or possession of illegal drugs by you on the premises of the Employer or any of its subsidiaries
or while performing any duties or responsibilities with the Employer;

 

(e) the
material breach by you of any covenant undertaken in the Employer’s bylaws or other governing instruments as currently in effect,
any effective equity award agreement, or any written non-disclosure, non-competition, or non-solicitation covenant or agreement with
the Employer, which material breach, if capable of cure, has continued unremedied for more than thirty days after the Employer has provided
notice theretofore; or

 

(f) any
judgment made by a court of competent jurisdiction or any binding arbitration award made by an arbitral body against you or the Employer
or any Employer affiliate (i) in connection with the enforcement of a non-competition agreement or (ii) related to the protection of
confidential information, proprietary information or trade secrets of a third party that has the effect of materially diminishing your
ability to perform the duties of your position as specified in your employment agreement or the ability or willingness of the Employer
to accept your performance of such duties.

 

Notwithstanding
the foregoing, with respect to any proposed termination for Cause under subparagraphs (a), (c), (d) or (e) above which is curable in
the reasonable determination of the Employer, the Employer shall provide you with written notice of such assertion of termination for
Cause, describing such act(s) allegedly constituting Cause in reasonable detail, at least ten (10) business days prior to the proposed
Date of Termination (the “Notice Period”). During the Notice Period, you shall be given an opportunity to cure any
such act(s) constituting Cause, or if such act, by its nature, cannot reasonably be expected to be cured within such Notice Period, you
shall be given a reasonable opportunity to discuss the situation with the Board prior to expiration of such Notice Period and the parties
shall agree on a reasonable extension of the cure opportunity.

 

“Good
Reason” means:

 

(a) a
material decrease in (i) your Base Salary or (ii) the target amount of your Performance Bonus (except, in each of (i) or (ii), as part
of a pay reduction plan or other plan applicable to substantially all senior executives of the Employer) or a failure by the Employer
to pay material compensation due and payable to you in connection with your employment by the Employer, if such claim is correct in all
respects.

 

(b) a
material diminution of your responsibilities at the Employer or any successor company, without your consent, except (i) the appointment
of a successor Chief Executive Officer and a corresponding change in your position to one in senior management of the Employer or (ii)
that any restructuring, downsizing or outsourcing of any of the Employer’s or an Employer’s affiliate’s functions or
headcount do not constitute Good Reason;

 

(c) a
material breach by the Employer of any of the material terms of the Letter Agreement; or

 

(d) the
relocation of your principal place of employment by more than fifty (50) miles without your consent from the current Natick, Massachusetts
location;

 

provided,
however, that an event shall constitute Good Reason only if (1) you notify the Employer within thirty (30) days of you learning of the
occurrence of the event, (2) the Employer does not cure the event potentially constituting Good Reason within thirty (30) days of receipt
of notice from you, and (3) you resign within thirty (30) days of the expiration of the 30-day Employer cure period.

 

     

     

    

 

Exhibit
B

 

[Do
not sign.]

  

[Name]

[Address]

 

This
General Release of all Claims (this “Agreement”) is entered into by                   (the
“Executive”) and [Felicitex] (the “Employer”), effective as of  
                     .

 

In
consideration of the promises set forth in the Letter Agreement between the Executive and the Employer, dated _______, 2022, (the “Employment
Agreement”), the Executive and the Employer agree as follows:

 

1. Return
of Property. All files, access keys and codes, desk keys, ID badges, computers, records, manuals, electronic devices, computer programs,
papers, electronically stored information or documents, telephones and credit cards, and any other property of the Employer in the Executive’s
possession must be returned no later than the date of the Executive’s termination from the Employer (or, in the event of involuntary
termination by the Employer without advance notice, within 24 hours thereafter).

 

2.
General Release and Waiver of Claims.

 

(a) Release
by Executive. In consideration of the payments and benefits provided to the Executive under the Employment Agreement and after consultation
with counsel, the Executive and each of the Executive’s respective heirs, executors, administrators, representatives, agents, insurers,
successors and assigns (collectively, the “Executive Releasors”) hereby irrevocably and unconditionally release and
forever discharge the Employer, its subsidiaries and affiliates and each of their respective officers, employees, directors, members
shareholders, parents and agents (collectively, “Employer Releasees”) from any and all claims, actions, causes of
action, rights, judgments, obligations, damages, demands, accountings or liabilities of whatever kind or character (collectively, “Claims”),
including, without limitation, any Claims under any federal, state, local or foreign law, that the Executive Releasors may have, or in
the future may possess, whether known or unknown, arising out of (i) the Executive’s employment relationship with and service as
an employee, officer or director of the Employer or any parents, subsidiaries or affiliated companies and the termination of such relationship
or service, and (ii) any event, condition, circumstance or obligation that occurred, existed or arose on or prior to the date hereof;
provided, however, that the Executive Releasors do not release, discharge or waive any (A) rights to payments, equity, bonuses and benefits
and other rights provided under the Employment Agreement that are contingent upon the execution by the Executive of this Agreement and
rights under benefit plans and programs of the Employer or its affiliates, (B) rights to any indemnification rights the Executive may
have in accordance with the Employer’s governance instruments or under any director and officer liability insurance maintained
by the Employer with respect to liabilities arising as a result of the Executive’s service as an officer and employee of the Employer,
and (C) of their U.S. constitutional rights or privileges. This Section 2(a) does not apply to any Claims that the Executive Releasors
may have as of the date the Executive signs this Agreement arising under the Federal Age Discrimination in Employment Act of 1967, as
amended, and the applicable rules and regulations promulgated thereunder (“ADEA”). Claims arising under ADEA are addressed
in Section 2(b) of this Agreement.

 

    B-1

     

    

 

(b) Specific
Release of ADEA Claims. In further consideration of the payments and benefits provided to the Executive under the Employment Agreement,
the Executive Releasors hereby unconditionally release and forever discharge the Employer Releasees from any and all Claims arising under
ADEA that the Executive Releasors may have as of the date the Executive signs this Agreement. By signing this Agreement, the Executive
hereby acknowledges and confirms the following: (i) the Executive was advised by the Employer in connection with his termination to consult
with an attorney of his choice prior to signing this Agreement and to have such attorney explain to the Executive the terms of this Agreement,
including, without limitation, the terms relating to the Executive’s release of claims arising under ADEA, and the Executive has
in fact consulted with an attorney; (ii) the Executive was given a period of not fewer than 21 days to consider the terms of this Agreement
and to consult with an attorney of his choosing with respect thereto; (iii) the Executive knowingly and voluntarily accepts the terms
of this Agreement; and (iv) the Executive is providing this release and discharge only in exchange for consideration in addition to anything
of value to which the Executive is already entitled. The Executive also understands that he has seven days following the date on which
he signs this Agreement within which to revoke the release contained in this Section, by providing the Employer with a written notice
of his revocation of the release and waiver contained in this Section.

 

(c) Release
by Employer. In consideration of the Executive executing and delivering this Agreement, the Employer and each of the Employer’s
respective subsidiaries, affiliates, successors and assigns (collectively, the “Employer Releasors”) hereby irrevocably
and unconditionally release and forever discharge the Executive and each of the Executive’s respective heirs, executors, administrators,
representatives, agents, insurers, successors and assigns from any and all Claims, including, without limitation, any Claims under any
federal, state, local or foreign law, that the Employer Releasors may have, or in the future may possess, whether known or unknown, arising
out of (i) the Executive’s employment relationship with and service as an employee, officer or director of the Employer or any
parents, subsidiaries or affiliated companies and the termination of such relationship or service, and (ii) any event, condition, circumstance
or obligation that occurred, existed or arose on or prior to the date hereof.

 

(d) No
Assignment. The Executive represents and warrants that he has not assigned any of the Claims being released under this Agreement.
The Employer may assign this Agreement, in whole or in part, to any affiliated company or subsidiary of, or any successor in interest
to, the Employer.

 

3.
Proceedings.

 

(a) General
Agreement Relating to Proceedings. The Executive has not filed, and except as provided in Sections 3(b) and 3(c), the Executive agrees
not to initiate or cause to be initiated on his behalf, any complaint, charge, claim or proceeding against the Employer Releasees before
any local, state or federal agency, court or other body relating to his employment or the termination of his employment, other than with
respect to the obligations of the Employer to the Executive under the Employment Agreement or benefit plans and programs of the Employer
or its affiliates as described in Section 2(a)(A) or any indemnification rights the Executive may have in accordance with the Employer’s
governance instruments or under any director and officer liability insurance maintained by the Employer (each, individually, a “Proceeding”),
and agrees not to participate voluntarily in any Proceeding. The Executive waives any right he may have to benefit in any manner from
any relief (whether monetary or otherwise) arising out of any Proceeding.

 

(b) Proceedings
Under ADEA. Section 3(a) shall not preclude the Executive from filing any complaint, charge, claim or proceeding challenging the
validity of the Executive’s waiver of Claims arising under ADEA (which is set forth in Section 2(b) of this Agreement). However,
both the Executive and the Employer confirm their belief that the Executive’s waiver of claims under ADEA is valid and enforceable,
and that their intention is that all claims under ADEA will be waived.

 

    B-2

     

    

 

(c) Certain
Administrative Proceedings. In addition, Section 3(a) shall not preclude the Executive from filing a charge with or participating
in any administrative investigation or proceeding by the Equal Employment Opportunity Commission or another Fair Employment Practices
agency. The Executive is, however, waiving his right to recover money in connection with any such charge or investigation. The Executive
is also waiving his right to recover money in connection with a charge filed by any other entity or individual, or by any federal, state
or local agency.

 

4. Non-Disparagement.
Following your term of employment with the Employer you will not knowingly disparage, criticize, or otherwise make any derogatory
statements regarding the Employer, or any of its respective directors or officers, to any third parties. Notwithstanding the foregoing,
nothing contained in this Letter Agreement will be deemed to restrict you from providing truthful information to any governmental or
regulatory agency (or in any way limit the content of any such information) to the extent you are requested or required to provide such
information pursuant to applicable law or regulation.

 

5. Remedies.
In the event that (i) the Executive initiates or voluntarily participates in any Proceeding in violation of this Agreement, or (ii) he
fails to abide by any of the terms of this Agreement or his post-termination obligations contained in the Employment Agreement, or (iii)
he revokes the ADEA release contained in Section 2(b) within the seven-day period provided under Section 2(b), the Employer may, in addition
to any other remedies it may have, reclaim any amounts paid to him under the termination provisions of Paragraph 7(b)(ii) of the Employment
Agreement (other than Accrued Obligations (as defined in the Employment Agreement) or terminate any benefits or payments that are subsequently
due under Paragraph 7(b)(ii) of the Employment Agreement (other than Accrued Obligations); any such reclamation or termination by the
Employer in accordance with this Section 5 shall not operate as a waiver of the release granted herein in the circumstances described
in the foregoing clauses (i) and (ii). The Executive acknowledges and agrees that the remedy at law available to the Employer for breach
of any of his post-termination obligations under the Employment Agreement or his obligations under Sections 2 and 3 herein would be inadequate
and that damages flowing from such a breach may not readily be susceptible to measurement in monetary terms. Accordingly, the Executive
acknowledges, consents and agrees that, in addition to any other rights or remedies that the Employer may have at law or in equity or
as may otherwise be set forth in the Employment Agreement, the Employer shall be entitled to seek a temporary restraining order or a
preliminary or permanent injunction, or both, without bond or other security, restraining the Executive from breaching his post-termination
obligations under the Employment Agreement or his obligations under Sections 2 and 3 herein. Such injunctive relief in any court shall
be available to the Employer, in lieu of, or prior to or pending determination in, any arbitration proceeding.

 

The
Executive understands that by entering into this Agreement he shall be limiting the availability of certain remedies that he may have
against the Employer and limiting also his ability to pursue certain claims against the Employer.

 

6. Severability
Clause. In the event that any provision or part of this Agreement is found to be invalid or unenforceable, only that particular provision
or part so found, and not the entire Agreement, shall be inoperative.

 

7. Nonadmission.
Nothing contained in this Agreement shall be deemed or construed as an admission of wrongdoing or liability on the part of the Employer.

 

8. Governing
Law and Forum. This Agreement and all matters or issues arising out of or relating to your employment with the Employer shall be
governed by the laws of the Commonwealth of Massachusetts. Any action to enforce this Agreement shall be brought solely in any state
court sitting in the Commonwealth of Massachusetts or any United States federal court located in the sitting in Boston, Massachusetts.

 

9. Notices.
Notices under this Agreement must be given in writing, by personal delivery, regular mail or receipted email, at the parties’ respective
addresses shown on this Agreement (or any other address designated in writing by either party), with a copy, in the case of the Employer,
to the attention of the Employer’s General Counsel. Any notice given by regular mail shall be deemed to have been given three days
following such mailing.

 

    B-3

     

    

 

THE
EXECUTIVE ACKNOWLEDGES THAT HE HAS READ THIS AGREEMENT AND THAT HE FULLY KNOWS, UNDERSTANDS AND APPRECIATES ITS CONTENTS, AND THAT HE
HEREBY EXECUTES THE SAME AND MAKES THIS AGREEMENT AND THE RELEASE AND AGREEMENTS PROVIDED FOR HEREIN VOLUNTARILY AND OF HIS OWN FREE
WILL.

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first set forth above.

 

	 	Felicitex Therapeutics, Inc.:
	 	 	 
	 	By:	           
	 	Title:	 
	 	 	 
	 	 	 
	 	[Name] 	 
	 	Dated:	 

 

    

     

    

 

Exhibit
C

 

FELICITEX
THERAPEUTICS, INC.

 

EMPLOYEE
PROPRIETARY INFORMATION AND

INVENTIONS ASSIGNMENT AGREEMENT

 

In
consideration of my employment or continued employment by Felicitex Therapeutics, Inc., its subsidiaries, parents, affiliates, successors
and assigns (together, the “Employer”) and the compensation now and later paid to me, I hereby enter into and
agree to this Employee Proprietary Information and Inventions Assignment Agreement (the “Agreement”). I understand
and acknowledge that this Agreement does not alter, amend or expand upon any rights I may have to continue in an employment relationship
with, or the duration of my employment relationship with, Employer under any existing agreements between the Employer and me, including
but not limited to the Letter Agreement entered into by and between the Employer and me on the date hereof or under applicable law.

 

1.
NONDISCLOSURE.

 

1.1 Recognition
of Employer’s Rights; Nondisclosure. I understand and acknowledge that my employment by the Employer creates a relationship of confidence
and trust with respect to the Employer’s Proprietary Information (as defined below) and that the Employer has a protectable interest
therein. At all times during my employment and thereafter, I will hold in confidence and will not disclose, use, lecture upon or publish
any of the Employer’s Proprietary Information, except as such disclosure, use or publication may be required in connection with my work
for the Employer, or unless an officer of the Employer expressly authorizes such in writing. I will obtain the Employer’s written approval
before publishing or submitting for publication any material (written, verbal, or otherwise) that discloses and/or incorporates any Proprietary
Information. I hereby assign to the Employer any rights I may have or acquire in such Proprietary Information and recognize that all
Proprietary Information will be the sole property of the Employer and its assigns. I will take all reasonable precautions to prevent
the inadvertent or accidental disclosure of Proprietary Information. Notwithstanding the foregoing, pursuant to 18 U.S.C. Section 1833(b),
I shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret that:
(1) is made in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney, and solely
for the purpose of reporting or investigating a suspected violation of law; or (2) is made in a complaint or other document filed in
a lawsuit or other proceeding, if such filing is made under seal.

 

1.2 Proprietary
Information. The term “Proprietary Information” will mean any and all confidential and/or proprietary knowledge,
data or information of the Employer, its affiliates, parents and subsidiaries, which has economic value as a result of its remaining
confidential, whether having existed, now existing, or to be developed during my employment, including information developed by me. By
way of illustration but not limitation, “Proprietary Information” includes (a) confidential and/or proprietary
trade secrets, inventions, mask works, ideas, processes, formulas, source and object codes, data, programs, other works of authorship,
know-how, improvements, discoveries, developments, designs and techniques and any other proprietary technology and all Proprietary Rights
therein (collectively, “Inventions”); (b) confidential and/or proprietary information regarding research, development,
new products, marketing and selling, business plans, budgets and unpublished financial statements, licenses, prices and costs, margins,
discounts, credit terms, pricing and billing policies, quoting procedures, methods of obtaining business, forecasts, future plans and
potential strategies, financial projections and business strategies, operational plans, financing and capital-raising plans, activities
and agreements, internal services and operational manuals, methods of conducting Employer business, suppliers and supplier information,
and purchasing; (c) confidential and/or proprietary information regarding Collaboration Partners, Customers, and/or Potential Customers
(as defined below) of the Employer, including customer lists, names, representatives, their needs or desires with respect to the types
of products or services offered by the Employer, proposals, bids, contracts and their contents and parties, the type and quantity of
products and services provided or sought to be provided to Collaboration Partners, Customers and/or Potential Customers of the Employer
and other non-public information relating to Collaboration Partners, Customers and/or Potential Customers, in each case, only to the
extent such information is confidential and/or proprietary; (d) confidential and/or proprietary information regarding any of the Employer’s
business partners and their services, including names, representatives, proposals, bids, contracts and their contents and parties, the
type and quantity of products and services received by the Employer, and other non- public information relating to business partners,
in each case, only to the extent such information is confidential and/or proprietary; (e) confidential and/or proprietary information
regarding personnel, employee lists, compensation, and employee skills; and (f) any other confidential and/or proprietary information
of the Employer which a competitor of the Employer would reasonably be expected use to the competitive disadvantage of the Employer.
Notwithstanding the foregoing and Section 1.3, it is understood and agreed that, at all such times, I am free to disclose, use, lecture
upon and/or publish information which (i) was known to me prior to employment with the Employer, (ii) is or becomes generally known to
the public and/or in the trade or industry through no breach of this Agreement or other act or omission by me, (iii) which is obtained
by me from a third party that, to my knowledge, was not contractually restricted from disclosing such information or (iv) which is independently
developed by me without using any Proprietary Information. Notwithstanding the foregoing or anything to the contrary in this Agreement
or any other agreement between the Employer and me, nothing in this Agreement shall limit my right to discuss my employment or report
possible violations of law or regulation, including without limitation, with the Equal Employment Opportunity Commission, United States
Department of Labor, the National Labor Relations Board, the Securities and Exchange Commission, or other federal government agency or
similar state or local agency or to discuss the terms and conditions of my employment with others to the extent expressly permitted by
applicable law or regulation, including, without limitation, Section 7 of the National Labor Relations Act or to the extent that such
disclosure is protected under the applicable provisions of law or regulation, including but not limited to “whistleblower”
statutes or other similar provisions that protect such disclosure. For the purposes of this Agreement, the term “Affiliate”
means, with respect to any entity, any other entity directly or indirectly controlling, directly or indirectly controlled by, or under
direct or indirect common control with, such entity; or if such entity is a partnership, any general partner of such entity or an entity
controlling any such general partner; provided that for purposes of this definition, “control” (including “controlled
by” and “under common control with”) means the power, directly or indirectly, to direct or cause the direction of the
management and policies of such entity whether through the ownership of voting securities, by contract or otherwise.

 

    C-1

     

    

 

1.3 Third
Party Information. I understand, in addition, that the Employer has received and in the future will receive from third parties their
confidential and/or proprietary knowledge, data, or information (“Third Party Information”). During my employment
and thereafter, I will hold Third Party Information in the confidence and will not disclose to anyone (other than Employer personnel
who need to know such information in connection with their work for the Employer) or use, except in connection with my work for the Employer,
Third Party Information unless expressly authorized by an officer of the Employer in writing or required by applicable law or regulation.

 

1.4 Term
of Nondisclosure Restrictions. I understand that Proprietary Information and Third Party Information is never to be used or disclosed
by me, except as permitted by this Section 1. If, however, a court decides that this Section 1 or any of its provisions is unenforceable
for lack of reasonable temporal limitation and the Agreement or its restriction(s) cannot otherwise be enforced, I agree and the Employer
agrees that the two (2) year period after the date my employment ends will be the temporal limitation relevant to the contested restriction,
provided, however, that this sentence will not apply to trade secrets protected without temporal limitation under applicable law.

 

1.5 No
Improper Use of Information of Prior Employers and Others. During my employment by the Employer I will not improperly use or disclose
any confidential information or trade secrets, if any, of any former employer or any other person to whom I have an obligation of confidentiality,
and I will not bring onto the premises of the Employer any unpublished documents or any property belonging to any former employer or
any other person to whom I have an obligation of confidentiality unless consented to in writing by that former employer or person.

 

2.
ASSIGNMENT OF INVENTIONS.

 

2.1 Proprietary
Rights. The term “Proprietary Rights” will mean all trade secrets, patents, copyrights, trade marks, mask
works and other intellectual property rights throughout the world.

 

2.2 Prior
Inventions. Inventions, if any, patented or unpatented, which I made prior to the commencement of my employment with the Employer
are excluded from the scope of this Section 2. To preclude any possible uncertainty, I have set forth on Exhibit 1 (Prior Inventions)
attached to this Agreement a complete list of all Inventions relating to Employer’s business and relevant to the subject matter
of my employment by Employer and that, to my actual knowledge, I have, alone or jointly with others, conceived, developed or reduced
to practice or caused to be conceived, developed or reduced to practice prior to the commencement of my employment with the Employer,
that I consider to be my property or the property of third parties, and that I wish to have excluded from the scope of this Agreement
(collectively, “Prior Inventions”). If disclosure of any such Prior Invention would cause me to violate any
prior confidentiality agreement, I understand that I am not to list such Prior Inventions in Exhibit 1 but am only to disclose
a cursory name for each such invention, a listing of the party(ies) to whom it belongs and the fact that full disclosure as to such inventions
has not been made for that reason. A space is provided on Exhibit 1 for such purpose. If no such disclosure is attached, I represent
that there are no Prior Inventions. If, in the course of my employment with the Employer, I incorporate a Prior Invention into an Employer
product, process or machine, the Employer is hereby granted and will have a nonexclusive, royalty- free, irrevocable, perpetual, fully-paid,
worldwide license (with rights to sublicense through multiple tiers of sublicensees) to make, have made, modify, make derivative works
of, publicly perform, use, sell, import, and exercise any and all present and future rights in such Prior Invention. Notwithstanding
the foregoing, I agree that I will not incorporate, or permit to be incorporated, Prior Inventions in any Employer Inventions without
the Employer’s prior written consent.

 

2.3 Assignment
of Inventions. Subject to Subsection 2.4, I hereby assign, grant and convey to the Employer all my right, title and interest in and
to any and all Inventions (and all Proprietary Rights with respect thereto) whether or not patentable or registrable under copyright
or similar statutes, made or conceived or reduced to practice or learned by me, either alone or jointly with others, during the period
of my employment with the Employer. Inventions assigned to the Employer or its designee are referred to as “Employer Inventions.”

 

    C-2

     

    

 

2.4 Unassigned/Nonassignable
Inventions. I recognize that this Agreement will not be deemed to require assignment of any Invention that I developed entirely on
my own time without using the Employer’s equipment, supplies, facilities, trade secrets, or Proprietary Information, except for
those Inventions that either (i) relate to the Employer’s actual or anticipated business, research or development, or (ii) result
from or are connected with work performed by me for the Employer. In addition, this Agreement does not apply to any Invention which qualifies
fully for protection from assignment to the Employer under any specifically applicable law, regulation, rule, or public policy (“Specific
Inventions Law”).

 

2.5 Obligation
to Keep Employer Informed. During the period of my employment and for six (6) months after termination of my employment with the
Employer, I will promptly disclose to the Employer fully and in writing all Inventions authored, conceived or reduced to practice by
me, either alone or jointly with others. In addition, I will promptly disclose to the Employer all patent applications filed by me or
on my behalf within six (6) months after termination of employment. At the time of each such disclosure, I will advise the Employer in
writing of any Inventions that I believe fully qualify for protection under the provisions of a Specific Inventions Law; and I will at
that time provide to the Employer in writing all evidence necessary to substantiate that belief. The Employer will keep in confidence
and will not use for any purpose or disclose to third parties without my consent any confidential information disclosed in writing to
the Employer pursuant to this Agreement relating to Inventions that qualify fully for protection under a Specific Inventions Law. I will
preserve the confidentiality of any Invention that does not fully qualify for protection under a Specific Inventions Law.

 

2.6
Ownership of Work Product.

 

a. I
acknowledge that all original works of authorship which are made by me (solely or jointly with others) within the scope of my employment
and which are protectable by copyright are “works made for hire,” pursuant to United States Copyright Act (17 U.S.C., Section
101).

 

b. I
agree that the Employer will exclusively own all work product that is made by me (solely or jointly with others) within the scope of
my employment, and I hereby irrevocably and unconditionally assign to the Employer all right, title, and interest worldwide in and to
such work product. I understand and agree that I have no right to publish on, submit for publishing, or use for any publication any work
product protected by this Section, except as necessary to perform services for the Employer.

 

2.7 Enforcement
of Proprietary Rights. I will assist the Employer in every proper and reasonable way to obtain, and from time to time enforce, United
States and foreign Proprietary Rights relating to Employer Inventions in any and all countries. To that end I will execute, verify and
deliver such documents and perform such other acts (including appearances as a witness) as the Employer may reasonably request in writing
for use in applying for, obtaining, perfecting, evidencing, sustaining and enforcing such Proprietary Rights and the assignment thereof.
In addition, I will execute, verify and deliver assignments of such Proprietary Rights to the Employer or its designee, including the
United States or any third party designated by the Employer. My obligation to assist the Employer with respect to Proprietary Rights
relating to such Employer Inventions in any and all countries will continue beyond the termination of my employment, but the Employer
will compensate me at a reasonable rate after my termination for the time actually spent by me at the Employer’s request on such assistance
and Employer will minimize disruption of my other activities caused by any such assistance.

 

In
the event I breach the first paragraph of this Section 2.7 and the Employer is unable for any reason, after reasonable effort and delivering
any required written request to me, to secure my signature on any document needed in connection with the actions specified in the preceding
paragraph, I hereby irrevocably designate and appoint the Employer and its duly authorized officers and agents as my agent and attorney
in fact, which appointment is coupled with an interest, to act for and in my behalf to execute, verify and file any such documents and
to do all other lawfully permitted acts to further the purposes of the preceding paragraph with the same legal force and effect as if
executed by me. I hereby waive and quitclaim to the Employer any and all claims, of any nature whatsoever, which I now or may hereafter
have for infringement of any Proprietary Rights assigned under this Agreement to the Employer.

 

    C-3

     

    

 

3. RECORDS.
I agree to keep and maintain adequate and current records (in the form of notes, sketches, drawings and in any other form that may
be required by the Employer) of all Proprietary Information developed by me and all Employer Inventions made by me during the period
of my employment at the Employer, which records will be available to and remain the sole property of the Employer at all times.

 

4.
INTENTIONALLY OMITTED.

 

5.
REASONABLENESS OF RESTRICTIONS.

 

5.1 I
agree that I have read this entire Agreement and understand it. I agree that this Agreement does not prevent me from earning a
living or pursuing my career. I agree that the restrictions contained in this Agreement are reasonable, proper, and necessitated by
the Employer’s legitimate business interests. I represent and agree that I am entering into this Agreement freely and with
knowledge of its contents with the intent to be bound by the Agreement and the restrictions contained in it.

 

5.2 In
the event that a court finds this Agreement, or any of its restrictions, to be ambiguous, unenforceable, or invalid, I and the Employer
agree that the court will read the Agreement as a whole and interpret the restriction(s) at issue to be enforceable and valid to the
maximum extent allowed by law.

 

5.3 If
the court declines to enforce this Agreement in the manner provided in subsection 5.2, I and the Employer agree that this Agreement will
be automatically modified to provide the Employer with the maximum protection of its business interests allowed by law and I agree to
be bound by this Agreement as modified.

 

6. NO
CONFLICTING AGREEMENT OR OBLIGATION. I represent that my performance of all the terms of this Agreement and as an employee of the
Employer does not and will not breach any agreement to keep in confidence information acquired by me in confidence or in trust prior
to my employment by the Employer. I have not entered into, and I agree I will not enter into, any agreement either written or oral in
conflict with this Agreement.

 

7. RETURN
OF EMPLOYER PROPERTY. When I leave the employ of the Employer, I will deliver to the Employer any and all drawings, notes, memoranda,
specifications, devices, formulas, and documents, together with all copies thereof, and any other material containing or disclosing any
Employer Inventions, Third Party Information or Proprietary Information of the Employer. I further agree that any property situated on
the Employer’s premises and owned by the Employer, including disks and other storage media, filing cabinets or other work areas, is subject
to inspection by Employer personnel at any time with or without notice. Prior to leaving, I will cooperate with the Employer in completing
and signing the Employer’s termination statement, in a form reasonably acceptable to me, if requested to do so by the Employer.

 

8.
LEGAL AND EQUITABLE REMEDIES.

 

8.1 I
agree that it may be impossible to assess the damages caused by my violation of this Agreement or any of its terms. I agree that any
threatened or actual violation of this Agreement or any of its terms will constitute immediate and irreparable injury to the Employer
and the Employer will have the right to seek to enforce this Agreement and any of its provisions by injunction, specific performance
or other equitable relief, without prejudice to any other rights and remedies that the Employer may have for a breach or threatened breach
of this Agreement.

 

    C-4

     

    

 

8.2 I
agree that if the Employer is successful in whole, and not in part, in any legal or equitable action against me under this Agreement,
the Employer will be entitled to payment of all costs, including reasonable attorney’s fees, from me. The Employer agrees that
if the Employer is not successful in whole, and not in part, in any legal or equitable action against me under this Agreement, then I
will be entitled to payment of all costs, including reasonable attorney’s fees, from Employer.

 

9. NOTICES.
Any notices required or permitted under this Agreement will be given to the Employer at its headquarters location at the time notice
is given, labeled “Attention: Chief Executive Officer,” and to me at my address as listed on the Employer payroll, or at
such other address as the Employer or I, respectively, may designate by written notice to the other. Notice will be effective upon receipt
or refusal of delivery. If delivered by certified or registered mail, notice will be considered to have been given five (5) business
days after it was mailed, as evidenced by the postmark. If delivered by courier or express mail service, notice will be considered to
have been given on the delivery date reflected by the courier or express mail service receipt.

 

10. PUBLICATION
OF THIS AGREEMENT TO SUBSEQUENT EMPLOYER OR BUSINESS ASSOCIATES OF EMPLOYEE.

 

10.1 If
I am offered employment or the opportunity to enter into any business venture as owner, partner, consultant or other capacity, upon my
breach of this Agreement, I hereby consent to the notification of my new employer or new business venture of my obligations under this
Agreement.

 

11.
GENERAL PROVISIONS.

 

11.1 Governing
Law; Consent to Personal Jurisdiction. This Agreement will be governed by and construed according to the laws of the Commonwealth
of Massachusetts. Each of the parties hereby expressly consent to the personal jurisdiction and venue of any state court sitting in the
Commonwealth of Massachusetts or any United States federal court located in the sitting in Boston, Massachusetts for any lawsuit filed
there arising from or related to this Agreement.

 

11.2
Severability. In case any one or more of the provisions, subsections, or sentences contained in this Agreement will, for any reason,
be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability will not affect the other
provisions of this Agreement, and this Agreement will be construed as if such invalid, illegal or unenforceable provision had never been
contained in this Agreement. If moreover, any one or more of the provisions contained in this Agreement will for any reason be held to
be excessively broad as to duration, geographical scope, activity or subject, it will be construed by limiting and reducing it, so as
to be enforceable to the extent compatible with the applicable law as it will then appear.

 

11.3 Assignment;
Successors and Assigns. This Agreement shall not be assigned by the Employer except to the extent that Letter Agreement is assigned,
in whole, to the same assignee pursuant to the terms of such Letter Agreement. This Agreement is for my benefit and the benefit of the
Employer, its successors, permitted assigns, parent corporations, subsidiaries, affiliates, and purchasers, and will be binding upon
my heirs, executors, administrators and other legal representatives.

 

11.4 Survival.
The provisions of this Agreement will survive the termination of my employment, regardless of the reason, and the assignment of this
Agreement by the Employer to any successor in interest or other assignee.

 

11.5 Employment
At-Will. I agree and understand that nothing in this Agreement will change my at-will employment status or confer any right with
respect to continuation of employment by the Employer, nor will it interfere in any way with my right or the Employer’s right to terminate
my employment at any time, with or without cause or advance notice.

 

11.6 Waiver.
No waiver by the Employer of any breach of this Agreement will be a waiver of any preceding or succeeding breach. No waiver by the
Employer of any right under this Agreement will be construed as a waiver of any other right. The Employer will not be required to give
notice to enforce strict adherence to all terms of this Agreement.

 

11.7
Advice of Counsel. I ACKNOWLEDGE THAT, IN EXECUTING THIS AGREEMENT, I HAVE HAD THE OPPORTUNITY TO SEEK THE ADVICE OF INDEPENDENT LEGAL
COUNSEL, AND I HAVE READ AND UNDERSTOOD ALL OF THE TERMS AND PROVISIONS OF THIS AGREEMENT. THIS AGREEMENT WILL NOT BE CONSTRUED AGAINST
ANY PARTY BY REASON OF THE DRAFTING OR PREPARATION OF THIS AGREEMENT.

 

11.8 Entire
Agreement. This Agreement, along with the Letter Agreement, is the final, complete and exclusive agreement of the parties with
respect to the subject matter of this Agreement and supersedes and merges all prior discussions between us with respect to the
subject matter hereto. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, will be
effective unless in writing and signed by the party to be charged. Any subsequent change or changes in my duties, salary or
compensation will not affect the validity or scope of this Agreement.

 

11.9 Counterparts.
This Agreement may be executed in two or more counterparts (which may be effectively delivered by facsimile or other electronic means),
each of which shall be deemed an original but all of which together shall constitute one and the same instrument.

 

[Signatures
to follow on next page]

 

    C-5

     

    

 

This
Agreement will be effective as of March 10, 2022.

 

I
HAVE READ THIS AGREEMENT CAREFULLY AND UNDERSTAND ITS TERMS. I HAVE COMPLETELY FILLED OUT EXHIBIT 1 TO THIS AGREEMENT.

 

	/s/
    Maria Vilenchik	 
	(Signature)	 	 
	 	 	 
	Maria
    Vilenchik	 
	[Name]	 	 

 

	ACCEPTED AND AGREED TO:	 
	 	 
	FELICITEX THERAPEUTICS, INC.:	 
	 	 	 
	By:	/s/ Marc Duey	 
	Name: 	Marc Duey	 
	Title:	Chairman	 

 

    C-6

     

    

 

EXHIBIT
11

 

PRIOR
INVENTIONS

 

	TO:	Felicitex Therapeutics, Inc.	 
	FROM:  	 	 
	DATE: 	 	 

 

SUBJECT:
Prior Inventions

 

1. Except
as listed in Section 2 below, the following is a complete list of all Prior Inventions (as defined in that certain Employee Proprietary
Information and Inventions Assignment Agreement by and between Felicitex Therapeutics, Inc. and me):

 

☐
No inventions or improvements.

 

☐
See below:

 

	 	 
	 	 
	 	 
	 	 
	 	 

 

☐
Additional sheets attached.

 

2.
Due to a prior confidentiality agreement, I cannot complete the disclosure under Section 1 above with respect to inventions or improvements
generally listed below, the proprietary rights and duty of confidentiality with respect to which I owe to the following party(ies):

 

	 	Invention or Improvement	 	Party(ies)	 	Relationship
	 	 	 	 	 	 
	1. 	 	 		 	
	 	 	 	 	 	 
	2. 	 	 		 	
	 	 	 	 	 	 
	3. 	 	 		 	

 

☐
Additional sheets attached.

 

 

1
Note to Draft: To be provided.Exhibit 10.13

 

EMPLOYMENT CONTRACT

 

THIS EMPLOYMENT CONTRACT (this “Agreement”)
dated this 30th day of December, 2021

 

BETWEEN:

 

Felicitex Therapeutics, Inc. of 27 Strathmore
Road, Natick, MA 01760

(the “Employer”)

 

OF THE FIRST PART

 

- AND -

 

Alexei Belenky of 162 Clark Street, Newtown,
MA 02459

(the “Employee”)

 

OF THE SECOND PART

 

BACKGROUND:

 

		A.	The Employer is of the opinion that the Employee has the necessary
qualifications, experience and abilities to assist and benefit the Employer in its business.

 

		B.	The Employer desires to employ the Employee and the Employee
has agreed to accept and enter such employment upon the terms and conditions set out in this Agreement.

 

IN CONSIDERATION OF the matters described
above and of the mutual benefits and obligations set forth in this Agreement, the receipt and sufficiency of which consideration is hereby
acknowledged, the parties to this Agreement agree as follows:

 

Commencement Date and Term

 

		1.	The Employee will commence permanent full-time employment with
the Employer on the 30th day of December, 2021 (the “Commencement Date”).

 

Job Title and Description

 

		2.	The initial job title of the Employee will be the following:
Lead Scientist.

 

		3.	The Employee agrees to be employed on the terms and conditions
set out in this Agreement. The Employee agrees to be subject to the general supervision of and act pursuant to the orders, advice and
direction of the Employer.

 

Page 1 of 8

 

    

     

    

 

 

		4.	The Employee will perform any and all duties as requested by
the Employer that are reasonable and that are customarily performed by a person holding a similar position in the industry or business
of the Employer.

 

		5.	The Employer may make changes to the job title or duties of
the Employee where the changes would be considered reasonable for a similar position in the industry or business of the Employer. The
Employee’s job title or duties may be changed by agreement and with the approval of both the Employee and the Employer or after a notice
period required under law.

 

		6.	The Employee agrees to abide by the Employer’s rules, regulations,
policies and practices, including those concerning work schedules, vacation and sick leave, as they may from time to time be adopted
or modified.

 

Employee Compensation

 

		7.	Compensation paid to the Employee for the services rendered
by the Employee as required by this Agreement (the “Compensation”) will include a salary of $160,000.00 (dollars) per year.

 

		8.	This Compensation will be payable once per month while this
Agreement is in force. The Employer is entitled to deduct from the Employee’s Compensation, or from any other compensation in whatever
form, any applicable deductions and remittances as required by law.

 

		9.	Employee will also receive a grant of nonqualified stock options
to purchase 200,000 shares in the Company’s common stock vesting over four years.

 

		10.	The Employee understands and agrees that any additional remuneration
paid to the Employee in the form of bonuses or other similar incentive remuneration will rest in the sole discretion of the Employer
and that the Employee will not earn or accrue any right to incentive remuneration by reason of the Employee’s employment.

 

		11.	The Employer will reimburse the Employee for all reasonable
expenses, in accordance with the Employer’s lawful policies as in effect from time to time, including but not limited to, any travel
and entertainment expenses incurred by the Employee in connection with the business of the Employer. Expenses will be paid within a reasonable
time after submission of acceptable supporting documentation.

 

	Employment Contract	Page 2 of 8

    

     

    

 

Place of Work

 

		12.	The Employee’s primary place of work will be at the following
location: 

 

● 27 Strathmore Rd., Natick,
MA 01760.

 

Time of Work

 

		13.	However, the Employee will, on receiving reasonable notice from
the Employer, work additional hours and/or hours outside of the Employee’s Normal Hours of Work as deemed necessary by the Employer to
meet the business needs of the Employer.

 

Employee Benefits

 

		14.	The Employee will be entitled to only those additional benefits
that are currently available as described in the lawful provisions of the Employer’s employment booklets, manuals, and policy documents
or as required by law.

 

		15.	Employer discretionary benefits are subject to change, without
compensation, upon the Employer providing the Employee with 60 days written notice of that change and providing that any change to those
benefits is taken generally with respect to other employees and does not single out the Employee.

 

Vacation

 

		16.	The Employee will be entitled to four weeks of paid vacation
each year during the term of this Agreement, or as entitled by law, whichever is greater.

 

		17.	The times and dates for any vacation will be determined by mutual
agreement between the Employer and the Employee.

 

		18.	Upon termination of employment, the Employer will compensate
the Employee for any accrued but unused vacation.

 

Duty to Devote Full Time

 

		19.	The Employee agrees to devote full-time efforts, as an employee
of the Employer, to the employment duties and obligations as described in this Agreement.

 

	Employment Contract	Page 3 of 8

    

     

    

 

Conflict of Interest

 

		20.	During the term of the Employee’s active employment with the
Employer, it is understood and agreed that any business opportunity relating to or similar to the Employer’s actual or reasonably anticipated
business opportunities (with the exception of personal investments in less than 5% of the equity of a business, investments in established
family businesses, real estate, or investments in stocks and bonds traded on public stock exchanges) coming to the attention of the Employee,
is an opportunity belonging to the Employer. Therefore, the Employee will advise the Employer of the opportunity and cannot pursue the
opportunity, directly or indirectly, without the written consent of the Employer.

 

		21.	During the term of the Employee’s active employment with the
Employer, the Employee will not, directly or indirectly, engage or participate in any other business activities that the Employer, in
its reasonable discretion, determines to be in conflict with the best interests of the Employer without the written consent of the Employer.

 

Non-Competition

 

		22.	The Employee agrees to be bound to the terms of a separate Business
Protection Agreement executed contemporaneously on the date of this Agreement and which is incorporated into this Agreement by reference.

 

Non-Solicitation

 

		23.	The Employee agrees to be bound to the terms of a separate Business
Protection Agreement executed contemporaneously on the date of this Agreement and which is incorporated into this agreement by reference.

 

Confidential Information

 

		24.	The Employee agrees to be bound to the terms of a separate Business
Protection Agreement executed contemporaneously on the date of this Agreement and which is incorporated into this agreement by reference.

 

		25.	Assignment of Inventions

 

The Employee agrees to be bound to the terms of
a separate Business Protection Agreement executed contemporaneously on the date of this Agreement and which is incorporated into this
agreement by reference.

 

	Employment Contract	Page 4 of 8

    

     

    

 

Contract Binding Authority

 

		26.	Notwithstanding any other term or condition expressed or implied
in this Agreement to the contrary, the Employee will not have the authority to enter into any contracts or commitments for or on the
behalf of the Employer without first obtaining the express written consent of the Employer.

 

Termination of Employment

 

		27.	The Employer and the Employee agree that the Employee’s employment
is at-will. As such, this Agreement is subject to termination by the Employee or the Employer at any time with or without notice, and
with or without cause. Nothing in this Agreement, or in any of the Employer’s policies or procedures, should be interpreted to eliminate
the at-will employment status of the Employee.

 

		28.	The Termination Date specified by either the Employee or the
Employer may expire on any day of the month and upon the Termination Date the Employer will forthwith pay to the Employee any outstanding
portion of the compensation including any accrued vacation and banked time, if any, calculated to the Termination Date.

 

		29.	If notice has been given by either party for any reason, the
Employee and the Employer agree to execute their duties and obligations under this Agreement diligently and in good faith through to
the end of the notice period. The Employer may not make any changes to compensation or any other term or condition of this Agreement
between the time termination notice is given through to the end of the notice period.

 

Remedies

 

		30.	In the event of a breach or threatened breach by the Employee
of any of the provisions of this Agreement, the Employee agrees that the Employer is entitled to a permanent injunction, in addition
to and not in limitation of any other rights and remedies available to the Employer at law or in equity, in order to prevent or restrain
any such breach by the Employee or by the Employee’s partners, agents, representatives, servants, employees, and/or any and all persons
directly or indirectly acting for or with the Employee.

 

Severability

 

		31.	The
Employer and the Employee acknowledge that this Agreement is reasonable, valid and enforceable. However, if any term, covenant, condition
or provision of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, it is the parties’
intent that such provision be changed in scope by the court only to the extent deemed necessary by that court to render the provision
reasonable and enforceable and the remainder of the provisions of this Agreement will in no way be affected, impaired or invalidated
as a result.

 

	Employment Contract	Page 5 of 8

    

     

    

 

Notices

 

		32.	Any notices, deliveries, requests, demands or other communications
required here will be deemed to be completed when hand-delivered, delivered by agent, or seven (7) days after being placed in the post,
postage prepaid, to the parties at the following addresses or as the parties may later designate in writing:

 

● Employer:

 

	Name:	Felicitex Therapeutics, Inc.
	Address:	27 Strathmore Road, Natick, MA 01760

 

● Employee:

 

	Name:	Alexei Belenky
	Address:	162 Clark Street, Newtown, MA 02459

 

Modification of Agreement

 

		33.	Any amendment or modification of this Agreement or additional
obligation assumed by either party in connection with this Agreement will only be binding if evidenced in writing signed by each party
or an authorized representative of each party.

 

Governing Law

 

		34.	This Agreement will be construed in accordance with and governed
by the laws of the state of Massachusetts.

 

General Provisions

 

		35.	Time is of the essence in this Agreement.

 

		36.	Headings are inserted for the convenience of the parties only
and are not to be considered when interpreting this Agreement. Words in the singular mean and include the plural and vice versa. Words
in the masculine mean and include the feminine and vice versa.

 

	Employment Contract	Page 6 of 8

    

     

    

 

		37.	No failure or delay by either party to this Agreement in exercising
any power, right or privilege provided in this Agreement will operate as a waiver, nor will any single or partial exercise of such rights,
powers or privileges preclude any further exercise of them or the exercise of any other right, power or privilege provided in this Agreement.

 

		38.	This Agreement will inure to the benefit of and be binding upon
the respective heirs, executors, administrators, successors and assigns, as the case may be, of the Employer and the Employee.

 

		39.	This Agreement may be executed in counterparts. Facsimile signatures
are binding and are considered to be original signatures.

 

		40.	If, at the time of execution of this Agreement, there is a pre-existing
employment agreement still in effect between the parties to this Agreement, then in consideration of and as a condition of the parties
entering into this Agreement and other valuable consideration, the receipt and sufficiency of which consideration is acknowledged, this
Agreement will supersede any and all pre-existing employment agreements between the Employer and the Employee. Any duties, obligations
and liabilities still in effect from any pre-existing employment agreement are void and no longer enforceable after execution of this
Agreement.

 

		41.	This Agreement constitutes the entire agreement between the
parties and there are no further items or provisions, either oral or written. The parties to this Agreement stipulate that neither of
them has made any representations with respect to the subject matter of this Agreement except such representations as are specifically
set forth in this Agreement.

 

	Employment Contract	Page 7 of 8

    

     

    

 

IN WITNESS WHEREOF, the parties have duly affixed
their signatures under hand and seal on this 30th day of December, 2021.

 

	EMPLOYER:	 
	 	 
	/s/ Maria Vilenchik	 
	Felicitex Therapeutics, Inc.	 
	 	 
	EMPLOYEE:	 
	 	 
	/s/ Alexei Belenky	 
	Alexei Belenky	 

 

 

 

	Employment Contract	Page 8 of 8

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