Document:

Exhibit 10.11

 

Master
Service Agreement

 

This
Master Service Agreement (“Agreement”) is entered into and is effective as of this 2nd day of August 2022 (“Effective
Date”), by and between Uline, Inc., a Delaware corporation, with its principal offices located at 12575 Uline Drive, Pleasant Prairie,
WI 53158 (“Uline”) and Telnet Solutions (TNS), with its principal offices located at 1225 Rand Road Des Plaines, IL 60016 (“Vendor”).
Uline and Vendor are collectively referred to as “Parties” and individually as a “Party.”

 

		1.	Services.
Vendor shall perform the Services (“Services”) set forth in the Statement(s) of Work (the “SOW”) included in
Exhibit A hereto. The SOW may be in the form of a Vendor’s Proposal or other form agreed by the Parties in writing.

 

		2.	Changes.
Any request for changes or additions to the SOW shall be documented in a written change order approved and signed by an authorized
Uline manager at least seven (7) days in advance of Vendor initiating the change. The change order shall indicate any increase or decrease
in the cost of the Services resulting from such change, which (if approved) will be reflected in the next invoice submitted by Vendor
to Uline pursuant to Paragraph 5 hereof. Vendor agrees to hereby forever release, hold harmless and discharge Uline from all liability,
and shall be responsible for any cost or expense accrued, due to changes or additions to the SOW not approved by an authorized Uline
manager as set forth in this Paragraph.

 

		3.	Term.
This Agreement is effective as of the date Services commence and shall continue as provided in the SOW unless terminated as described
below. On termination, this Agreement will survive as to any on-going SOW’s until completed. Unless otherwise provided in writing to
the contrary, this Agreement shall revive and govern any subsequent scope of work between Uline, and Vendor and such scope of work shall
be incorporated herein as an additional SOW in Exhibit A.

 

		4.	Termination.
Either Party may terminate this Agreement at any time upon giving sixty (60) days’ prior written notice to the other Party, provided
that such Party requesting termination is not in default prior to or during the notice period. Termination of this Agreement shall not
relieve either Party of its obligations hereunder with respect to Services provided prior to the effective date of termination. Notwithstanding
the above, this Agreement may be terminated for any material breach upon five (5) days written notice and right to cure provided to the
breaching party. The non-breaching party shall be entitled to all damages, costs, and expenses, including attorneys’ fees, provided that
Uline may, as complete settlement of all claims of Vendor, compensate Vendor for the Services performed up to the date of termination.

 

		5.	Project
Costs/Payments. In consideration for the Services, Vendor shall be paid in the amounts and at the rates established in SOW. Vendor
shall submit invoice(s) for the Services to Uline upon completion of the Services or monthly (if applicable), payable no less than thirty
(30) days after actual receipt of an undisputed invoice by Uline.

 

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		6.	Confidentiality.
All information and data developed by, supplied to, or obtained by Vendor or its subcontractors, whether in written form, orally
or by observation will be considered confidential material (“Confidential Material”). Confidential Material shall not be disclosed
to any third party without the prior written consent of Uline and shall not be used by Vendor for any purpose other than the performance
of the Services for Uline unless disclosure is compelled by law. The obligations stated in this Paragraph shall survive termination of
the Agreement.

 

		7.	Status
as an Independent Contractor. It is understood that Vendor will be regarded as an independent contractor on all matters pertaining
to the Services, and Vendor shall not have the authority to assume, create or incur any liabilities or any obligation of any kind (express
or implied) against or on behalf of Uline.

 

		8.	Assignments/Subcontracts.
Neither this Agreement nor any interest, claim or obligation hereunder shall be assigned or transferred by Vendor to any third party.
Vendor may subcontract portions of the Services to other persons or corporations only upon prior written approval of Uline. This in no
way relieves Vendor of the obligation to select qualified subcontractors. The fees and costs of such subcontractors shall be included
in Vendor’s compensation as provided in Paragraph 5 of this Agreement.

 

		9.	Ability
to Perform the Services. Vendor represents that it is authorized to perform the Services and that neither it nor its employees, agents,
or subcontractors are subject to any restrictive obligations imposed by any third party which would impair Vendor’s or its employees’,
agents’ or subcontractors’ ability to perform the Services, to consult with and to give testimony (at Uline’s expense) on behalf of Uline
with respect to the Services hereunder, or which would prevent Vendor, its employees, agents, or subcontractors from maintaining the
maximum confidentiality provided for in this Agreement. Vendor further warrants and agrees that Vendor and its employees, agents, and
subcontractors can perform, and that the Services shall be performed, in a thorough and efficient manner, promptly and with the due diligence,
care and skill ordinarily exercised by qualified members of the profession practicing under similar conditions in the same locality.
Vendor further represents and agrees that the Services shall be performed in full compliance with all applicable laws, statutes, and
regulations, and shall maintain in effect all necessary permits, notices, bonds, and licenses for performance of the Services.

 

		10.	Staffing
and Equipment. Vendor represents that it has, or will secure at its own expense, all personnel, equipment, and subcontractors required
in its performance of the Services, and that such personnel or subcontractors are trained appropriately in the performance of the Services
or will receive such training prior to performing the Services at any property owned or leased by Uline (the “Property”). Vendor
shall be responsible for supervision and direction of the Services by Vendor’s employees, agents, and subcontractors, but not for the
activities of other parties at the Property. Vendor will obtain all reasonably available information to avoid hazards at the Property
and shall give appropriate instruction to its personnel and subcontractors regarding such hazards. Vendor shall be responsible for any
injury, death, or property damage resulting from failure to obtain such reasonably available information and provide such instruction.
Vendor shall repair any damage caused to the personal property or improvements on the Property which is caused by Vendor or its subcontractors.
Uline will make available to Vendor all information in its possession regarding any hazards at the Property.

 

		11.	Insurance.
At all times while performing the Services, Vendor shall maintain, at its cost and expense, the insurance set forth in Exhibit B,
attached hereto and incorporated by reference herein, from insurance companies and in a form reasonably satisfactory to Uline with limits
of  liability no less than stated in such Exhibit B. Uline shall have the right to inspect and review the policies in their entirety
and shall be provided with copies upon request.

 

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		12.	Indemnity.
To the fullest extent permitted by law, Vendor shall indemnify, defend, and hold harmless Uline, its subsidiaries and affiliates,
and all other additional insureds specified herein, their subsidiaries and affiliates, and all of their agents and employees from and
against all claims, damages, losses, costs and expenses, including, but not limited to attorney’s fees, to the extent the same arise
or result from, or are alleged to arise or result from (i) a breach by Vendor of any term or provision of this Agreement, or (ii) any
act or omission of Vendor or its employees, agents or subcontractors, or anyone for whom Vendor may be liable for pursuant to contract
or law, in the performance or furtherance of the Services under this Agreement. Such obligation shall not be construed to negate, or
abridge, or otherwise reduce any other right or obligation of indemnity which would otherwise exist as to any party or person described
in this Agreement. The obligations under this Paragraph shall not be limited in any way by any limitation on the amount or type of damages,
compensation, or benefits payable by or for Vendor under any policy of insurance, workers compensation acts, disability benefit acts
or other employee benefit acts.

 

		13.	Counterparts.
This Agreement may be executed in any number of counterparts, each of which will be deemed an original, but all of which will constitute
one and the same instrument.

 

		14.	Applicable
Law. This Agreement shall be governed by and interpreted according to the laws of the State of Wisconsin, without reference to its
conflict of laws principles. Vendor hereby submits itself to the jurisdiction of the courts of the State of Wisconsin for resolution
of all disputes arising out of this or relating to this Agreement. Vendor and Uline each agree to waive all rights to a jury trial in
any litigation arising from or related to this Agreement. THE RIGHTS AND OBLIGATIONS OF THE PARTIES SHALL NOT BE GOVERNED BY THE UNITED
NATIONS CONVENTION ON CONTRACTS FOR THE INTERNATIONAL SALES OF GOODS.

 

		15.	Notices,
Etc. All notices or communications required or permitted to be given or made hereunder by any party hereto shall be in writing and
shall be deemed to have been duly given if personally delivered or transmitted by expedited delivery service, addressed to Uline or Vendor
at the addresses set forth below.

 

		16.	Inconsistent
Provisions. To the extent that there is any inconsistency between the provisions in the body of this Agreement and any provisions
contained in Exhibit A or any other writing, the provisions in the body of this Agreement shall control unless such inconsistent provision
specifically refers to this Paragraph and the parties’ intent to supersede it.

 

		17.	Captions.
The paragraph headings or captions appearing in this Agreement are for convenience only, are not a part of this Agreement and are not
to be considered in interpreting this Agreement.

 

		18.	Entire
Agreement. This Agreement constitutes the sole and entire agreement between the parties hereof and supersedes all prior discussions
and agreements between and among Uline and Vendor with respect to the matters contained herein. Terms and conditions different from or
in addition to this Agreement, whether contained in any Purchase Order, Statement of Work, Work Order, or other written acknowledgement,
or with delivery of any goods or services under this Agreement, or otherwise, will not be binding on Uline, whether they would
materially alter this Agreement, and Uline hereby rejects them. Any amendment to this Agreement must be made only by an instrument in
writing signed by the parties hereto. In case any provision hereof shall for any reason be held invalid or unenforceable in any respect,
such invalidity or unenforceability shall not affect any other provision.

 

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		19.	Interpretation.
This Agreement will be interpreted in accordance with its plain meaning. In any interpretation of the terms of this Agreement, the terms
will not be construed against any party based on that party being the drafter of such terms.

 

		20.	Nonwaiver.
Neither Party’s failure to insist upon or enforce any of the provisions of this Agreement or to exercise any rights or remedies under
this Agreement shall be construed as a waiver or relinquishment to any extent of its right to assert or rely upon any such provisions,
rights, or remedies in that or any other instance, which shalt be and remain in full force and effect.

 

	CONTRACTOR:	 	TELNET SOLUTIONS (TNS)
	 	 	 	 
	 	 	By: 	/s/ Joel Raven
	 	 	Print Name:  	Joel Raven
	 	 	Date:	8-3-2022
	 	 	 	 
	OWNER:	 	ULINE,
    INC
	 	 	 	 
	 	 	By:	/s/ Brad Folkert
	 	 	 	Brad Folkert,
    Director of Construction
	 	 	 	8-4-2022

  

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EXHIBIT
A

 

VENDORS
PROPOSAL

 

Work
Orders will be issued per project based on vendor’s proposal.

 

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	 	Owner’s
  Initials 	  BF
	 	 	 
	 	Service Contractors’ Initials	  JR

 

INSURANCE

INSURANCE
REQUIREMENTS

 

		I.	The
Contractor and its subcontractors shall provide the following minimum insurance coverage:

 

		A.	Commercial
                                            General Liability - Combined Single Limit- $3,000,000 ($6,000,000 for contractors performing
                                            structural, curtain wall, steel, HVAC, electrical, plumbing, fire protection, or elevator
                                            work) per occurrence and annual aggregate per project.

 

Such
insurance shall be comprehensive general liability form and include, but not limited to, contractual liability, independent contractor’s
liability, products, completed operations liability, and personal injury liability. A combination of primary and excess policies may
be utilized. Policies shall be primary and noncontributory to any owner’s insurance including self-insurance and deductibles.

 

		B.	Workers
                                            Compensation and Employers Liability - Statutory Limits, including voluntary compensation
                                            and no person performing work provided by contractor shall be excluded from coverage. Employers’
                                            liability shall have minimum liability limits of $3,000,000 bodily by accident each accident;
                                            $3,000,000 bodily injury by disease policy limit; $3,000,000 bodily injury each employee.
                                            Limits shall be 6,000,000 / $6,000,000 / $6,000,000 for contractors performing structural,
                                            curtain wall, steel, HVAC, electrical, plumbing, fire protection or elevator work.

 

		C.	Commercial
                                            Automobile Liability - Combined Single Limit- $3,000,000 per accident. Contractors operating
                                            motor vehicles on the premises of the owner for other than material delivery shall provide
                                            $6,000,000 per accident.

 

Such
insurance shall cover injury (or death) and property damage arising out of the ownership, maintenance or use of any private passenger
or commercial vehicles and of any other equipment required to be licensed for road use. Policy shall be primary and non-contributory
to any owner’s insurance including self-insurance and deductibles.

 

		D.	All
                                            Policies Above — A combination of primary and excess policies may be utilized to
                                            achieve the limits required. Policies shall be primary and noncontributory to any

owner’sinsuranceincludingself-insuranceanddeductibles.

 

		E.	Umbrella
                                            Liability — With minimum limits of $10,000,000 per occurrence and $10,000,000 aggregate,
                                            excess of Commercial General Liability, Employers Liability and Auto Liability in A, B &
                                            C above

 

		F.	Property
                                            Insurance - All-risk, replacement cost property insurance to protect against loss of
                                            owned or rented equipment, tools, materials, and supplies brought onto
and/or used on any Property by the Contractor.

 

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		G.	Professional
Liability / Errors and Omissions Insurance - With minimum limits of $5,000,000 per occurrence when services performed under this
contract include any design or engineering work.

 

		H.	Builders
                                            Risk — To be provided by owner.

 

		I.	Pollution
Liability $1,000,000 including site and offsite coverage.

 

		J.	Cyber
                                            Liability — $1,000,000 including ransomware, social engineering, and Third-Party
                                            Liability.

 

ADDITIONAL
INSURED INFORMATION 

 

		II.	Policies
                                            described in Sections LA., I.C., I.D., I.E., and I.F. above shall name the following as additional
                                            insureds, including their officers, directors and employees and representatives. A CG-2010
                                            (11/85), or equivalent form(s). Endorsement or its equivalent shall be utilized for the policy
                                            described in Section I.A. above. Additional insured coverage shall be on a primary and non-contributory
                                            basis. Please note that the spelling of these parties must be correct, or the Services will
                                            not be allowed to commence.

 

		1.	Uline,
Inc., its subsidiaries, and affiliates

 

		2.	Per
the Project

 

		3.	Landlord
(specified for each location)

 

		III.	In
                                            all policies above, Contractor waives all rights of subrogation against the parties identified
                                            above in Paragraph II as additional insureds.

 

		IV.	All
                                            policies will be written by companies licensed to do business in the state where work is
                                            performed, and which have a rating by Best Key Rating Guide not less than A-/XII.

 

		V.	Contractor
                                            shall furnish to the Owner Certificate(s) of Insurance evidencing the above coverage. Original
                                            Certificate(s) of Insurance must be provided before Contractor commences Services.

 

		VI.	Policies
                                            under I.A., I.C., I.D, I.E and I.F., including all additional insured endorsements and waiver
                                            of subrogation endorsements shall remain in place for two (2) years after completion of all
                                            work under Exhibit A.

 

 

Page B-2Exhibit 10.1

 

AMENDMENT NO. 2 TO SERIES C WARRANT AGENT AGREEMENT

 

THIS AMENDMENT (this “Amendment”)
is made as of December 20, 2022, by and between Aditxt, Inc., a Delaware corporation (the “Company”), and VStock
Transfer, LLC, as warrant agent for the Company (the “Warrant Agent”), and constitutes an amendment to that certain
Series C Warrant Agent Agreement, dated as of December 1, 2021, as amended (the “Warrant Agreement”), between the Company
and the Warrant Agent. Capitalized terms used but not otherwise defined in this Amendment shall have the meanings given to such terms
in the Warrant Agreement.

 

WHEREAS, Section 7.12 of the Warrant Agreement
provides that the Company and the Warrant Agent may amend or supplement this Warrant Agreement without the consent of any Holder for the
purpose of curing any ambiguity, or curing, correcting or supplementing any defective provision contained herein or adding or changing
any other provisions with respect to matters or questions arising under this Agreement as the parties may deem necessary or desirable
and that the parties determine, in good faith, shall not adversely affect the interest of the Holders;

 

WHEREAS, the Company desires to amend the
Warrant Agreement to reduce the Exercise Price to $12.395 per share, on the terms and subject to the conditions set forth herein.

 

NOW, THEREFORE, in consideration of the mutual
agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and
intending to be legally bound hereby, the parties hereto agree to amend the Warrant Agreement as set forth herein.

 

1. Amendment of Warrant Agreement. Section
3.1 of the Warrant Agreement is hereby deleted in its entirety and replaced with the following:

 

	 	3.1	Exercise Price. Each Warrant shall entitle the Holder, subject to the provisions of the applicable Warrant Certificate and of this Warrant Agreement, to purchase from the Company the number of shares of Common Stock stated therein, at the price of $12.395 per whole share, subject to the subsequent adjustments provided in Section 4 hereof. The term “Exercise Price” as used in this Warrant Agreement refers to the price per share at which shares of Common Stock may be purchased at the time a Warrant is exercised..

 

2. Miscellaneous Provisions.

 

	 	2.1	Severability. This Amendment shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Amendment or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Amendment a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

	 	2.2	Applicable Law. The validity, interpretation and performance of this Amendment shall be governed in all respects by the laws of the State of New York, without giving effect to conflict of laws. The parties hereby agree that any action, proceeding or claim against it arising out of or relating in any way to this Amendment shall be brought and enforced in the courts of the State of New York or the United States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. Each of the parties hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.

 

	 	2.3	Counterparts. This Amendment may be executed in any number of counterparts, and by facsimile or portable document format (pdf) transmission, and each of such counterparts shall for all purposes be deemed to be an original and all such counterparts shall together constitute but one and the same instrument.

 

	 	2.4	Effect of Headings. The Section headings herein are for convenience only and are not part of this Amendment and shall not affect the interpretation thereof.

 

	 	2.5	Entire Agreement. The Existing Warrant Agreement, as modified by this Amendment, constitutes the entire understanding of the parties and supersedes all prior agreements, understandings, arrangements, promises and commitments, whether written or oral, express or implied, relating to the subject matter hereof, and all such prior agreements, understandings, arrangements, promises and commitments are hereby canceled and terminated.

 

[signature page follows] 

 

     

     

    

 

IN WITNESS WHEREOF, each of the parties has caused
this Amendment to be duly executed as of the date first above written.

 

	 	ADITXT, INC.
	 	 
	 	By:	/s/ Amro Albanna
	 	 	Name: 	Amro Albanna
	 	 	Title:	Chief Executive Officer
	 	 
	 	VSTOCK TRANSFER, LLC
	 	 
	 	By:	/s/ Young D. Kim
	 	 	Name:	Young D. Kim
	 	 	Title:	Compliance Officer

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