Document:

Exhibit 10.48

PROMIS NEUROSCIENCES

1920 YONGE ST.

TORONTO, ONTARIO, M4S 3E2, CANADA

 

September 12, 2022

 

Mr. Eugene Williams

 

Dear Gene,

 

This agreement (the “Strategic
Services Agreement” or the “Agreement”) is between you and ProMIS Neurosciences Inc., a corporation existing
under the federal laws of Canada with a registered address at 1920 Yonge St., Suite 200, Toronto, Ontario, M4S 3E2 (the “Company”).

 

You currently serve the Company
as its Chief Executive Officer pursuant to an agreement with the Company dated December 21, 2021 (the “Employment Agreement”).
You also serve as a member of the Company’s Board of Directors (the “Board”).

 

As you know and as contemplated
by the Employment Agreement, the Company has identified a new Chief Executive Officer. That new Chief Executive Officer is expected to
commence employment on or about September 19, 2022 (such actual commencement date, the “New CEO Start Date”).
This Strategic Services Agreement addresses your role with the Company upon and following the New CEO Start Date, to ensure that the Company
continues to receive the benefit of your knowledge and experience as it relates to the Company’s business. The effectiveness of
this Agreement is conditioned on your continued employment under the Employment Agreement through the New CEO Start Date.

 

1.            Role
as Non-Executive Chairman. On the New CEO Start Date, you will resign as Chief Executive Officer and as an employee of the Company,
and you will become non-executive Chairman of the Board, a non-employee role. You will receive compensation as non-employee Chairman based
on the compensation policy for the Company’s non-employee directors as approved by the Board from time to time. Currently, that
compensation will be $50,000 per year. You will not be eligible for severance under the Employment Agreement.

 

2.            Strategic
Advisor to the Board. In addition, during the “Consulting Period” (as defined below), you will serve as a consultant to
the Board providing such reasonable services of an advisory or consulting nature with respect to the Company’s business as the Board
may reasonably call upon you to furnish, subject to your health, family, and other business commitments. During the Consulting Period:
(i) you shall be available upon reasonable notice and at reasonable times for periodic consultations, either in person or by telephone/video
conference, not to exceed 40 hours in any calendar month; (ii) in performing consulting services, you shall not be an employee of
the Company but shall act in the capacity of independent contractor, and (iii) you shall not be required to render such services
during Company holidays, vacation periods, or times of illness, disability or other incapacity. The “Consulting Period” means
the period beginning on the New CEO Start Date and ending on the third anniversary of the New CEO Start Date, but ending earlier if: (w) you
provide the Board with written notice that you have resigned from this role, (x) the Board terminates your service under conditions
that would have been “Cause” as defined under the Employment Agreement (other than clause (iv) in that “Cause”
definition related to your failure to fulfill the role of CEO), (y) the Board terminates your service because of your permanent and
total disability, as defined in Section 22(e)(3) of the Internal Revenue Code of 1986, as amended (the “Code”),
and (z) your death. Service in this role will count as service towards vesting and exercisability of any outstanding equity compensation
awards from the Company, including awards granted to you as an employee before the New CEO Start Date. In exchange for these services,
the Company shall pay you a consulting fee during the Consulting Period of $225,000 per year, payable in equal monthly installments in
arrears (no later than 30 days after the end of each month).

 

    1 

     

    

  

3.            Coordination
with Restrictive Covenants. You entered an Employee Non-Solicitation, Confidentiality and Assignment Agreement (the “Restrictive
Covenants Agreement”) with the Company in connection with the Employment Agreement. You agree that your obligations under the
Restrictive Covenants Agreement continue to apply during the Consulting Period, and that the applicable post-service restricted periods
under the Restrictive Covenants Agreement will begin at the end of the Consulting Period.

 

4.            Miscellaneous.
This Agreement contains the entire agreement between you and the Company with respect to the subject matter hereof, and no
amendment, modification or cancellation hereof shall be effective unless the same is in writing and executed by the parties hereto
(or by their respective duly authorized representatives. The resolution of any disputes under this Agreement will be governed
by the laws of the Commonwealth of Massachusetts. This Agreement shall be binding upon and inure to the benefit of the parties
hereto, and their respective heirs, executors, administrators, legal representatives, successors and assigns, if any. This Agreement
is executed in multiple originals, each of which shall be deemed an original hereof.

 

[signatures on next page]

 

    2 

     

    

 

If you agree with the provisions
of this Agreement, please sign this Agreement in the space provided below and return it to the chair of the ProMIS Neurosciences Inc.
Nominating/Governance committee, at your earliest convenience.

 

	 	Very Truly Yours,
	 	 
	 	ProMIS Neurosciences Inc.  
	 	 
	 	By:	 /s/ Richard Gregory
	 	 	Name:	Richard Gregory
	 	 	Title:	 Chair of the Compensation Committee

 

ACCEPTED AND AGREED TO:

 

	Date: 	September 12, 2022	 	/s/ Eugene Williams
	 	 	Name:     Eugene Williams

 

    3Exhibit 10.49

 

ProMIS
Neurosciences

1920
Yonge St.

Toronto,
Ontario, M4S 3E2, Canada

 

September 12, 2022

 

Gail Farfel

 

Dear Gail,

 

On behalf of ProMIS Neurosciences,
a corporation existing under the federal laws of Canada with a registered address at 1920 Yonge St., Suite 200, Toronto, Ontario,
M4S 3E2 (the “Company”), I am pleased to offer you employment with the Company. The purpose of this letter is
to summarize the terms of your employment with the Company, should you accept our offer:

 

You will be employed to serve on a
full-time basis as Chief Executive Officer (CEO) effective on September 19, 2022. It is contemplated that you will commence
full time employment on September 19, 2022. As the CEO you will report to the Board of Directors (the
 “Board”). You will be responsible for duties as are consistent with such position. You will initially be based
remotely from your home office in New Jersey.

 

Your starting base salary
will be at the rate of $500,000 USD per year, paid twice a month on the 15th and last days of the month at rate of $20,833.33
per payroll period, subject to tax and other withholdings as required by law. Upon the Company raising capital hereafter in the aggregate
amount of $75 million (whether in the form of debt, equity or a SAFE), your base salary shall be increased to $535,000 (if not already
at or greater than such amount) and increased thereafter as of each January 1 by, at a minimum, the greater of (i) any percentage
increase in the “Consumer Price Index” over such index from the immediately preceding year or (ii) any customary increase
in base salary with respect to such year for the Company’s other senior executives. For purposes hereof, “Consumer Price Index”
shall mean the “Consumer Price Index for All Urban Consumers (CPI-U)” as published by the United States Department of
Labor, Bureau of Labor Statistics. Any additional or greater increases in Such base salary may be adjusted made from time to time in accordance
with normal business practice and in the sole discretion of the Company.

 

     

     

    

 

ProMIS Neurosciences employees
who join between January 1 and December 31 of a given calendar year are eligible to be considered for a salary merit increase
during the next calendar year’s Annual Compensation Review process. The Annual Compensation Review process, if and when implemented, is
anticipated to take place in the first quarter of the calendar year. Subject to the above terms, salary merit increases, if any, will
be awarded at the Board’s discretion on the basis of your performance.

 

You may participate in any
and all bonus and benefit programs that the Company establishes and makes available to its employees from time to time, provided you are
eligible under (and subject to all provisions of) the plan documents governing those programs. Subject to these programs, you will be
eligible to receive a bonus targeted at 50% of your annualized base salary. The payment and actual amount of any such bonus will be determined
by the Board in its sole discretion, based on your performance and that of the Company against goals established by the Board. You must
commence your employment by September 30th in order to be eligible for a bonus for the calendar year during which you were hired.
If you join the Company between January 1st and September 30th, you will be eligible for a pro-rated bonus for that calendar
year. You must be employed through the date bonuses are disbursed to employees generally in order to be eligible for the bonus. Regardless
of your date of employment, you will be eligible to participate in the benefit plans and programs made available by the Company from time
to time for employees generally, subject to plan terms and generally applicable Company policies. These are expected to include but are
not limited to: health insurance such as medical, dental and vision; company-paid basic life insurance, accidental death & dismemberment,
and short- and long-term disability; paid time off such as vacation, sick leave and company-paid holidays; 401(k) retirement savings
plan; and employee stock purchase plan. The bonus and benefit programs made available by the Company, and the rules, terms, and conditions
for participation in such benefit plans, may be changed prospectively by the Company at any time without notice.

 

Additionally, within five
(5) business days of your commencing full-time employment with the Company, the Company shall make a lump sum sign-on cash bonus
payment to you in the amount of $25,000.

 

In addition to the rights
and responsibilities set forth in the Indemnification Agreement being executed by the parties in conjunction with this letter, through
at least the sixth anniversary of your termination date, the Company shall maintain coverage for you as a named insured on all directors’
and officers’ insurance maintained by the Company for the benefit of its directors and officers on at least the same basis as all
other covered individuals and, in addition to the terms of the following paragraph, provide you with at least the same corporate indemnification
as it provides to other senior executives.

 

ProMIS Neurosciences Inc.
will award to you 208,334 stock options to you at the initiation of this contract (the “Options”) pursuant to the terms of
the annexed stock option award agreement. The Options will be priced at a trailing 5-day VWAP. As per the ProMIS Neurosciences Inc. Stock
Option Plan, all granted Options shall have a 10-year exercise period from the date the Options have been granted to the Employee, and
will vest on the following schedule: 25% will vest on the 12 month anniversary of your hire, and the remaining options will vest at 1/36th
per month over the three (3) years following such 12-month anniversary. Upon termination of this Agreement all vested Options will
be exercisable at any time during the 12 months following such termination.

 

     

     

    

 

Any Option Commitment (as
defined in the ProMIS Neurosciences Inc. Stock Option Plan) or stock option agreement between the parties shall include terms materially
consistent with those set out in herein, and the terms of the Option Commitment and ProMIS Neurosciences Inc. Stock Option Plan shall
in all events govern and control the Options. ProMIS hereby represents and warrants that all necessary corporate action has been taken
by or on behalf of ProMIS to grant the Options in accordance with this paragraph 3.0(b).

 

You may be eligible to receive
such future stock option grants as the Board of Directors of the Company shall deem appropriate.

 

If your employment is terminated
by the Company without Cause (as defined below) or you terminate your employment for Good Reason (as defined below) and provided you execute
and allow to become effective (within 60 days following the termination or such shorter period as may be directed by the Company) a release
of claims in form attached as Exhibit A (the “Separation Agreement”), (i)  the Company will pay you as severance
an aggregate amount equivalent to 12 (twelve) months of your then current base salary, less all applicable taxes and withholdings, which
severance pay will be paid ratably over 12 (twelve) months in accordance with the Company’ s regular payroll practices beginning in the
Company’s first regular payroll cycle after the Release Agreement becomes effective; provided, however, that if the 60th day referenced
above occurs in the calendar year following the date of your termination, then the severance pay shall be paid no earlier than January l
of such subsequent calendar year to the extent required by Section 409A of the Code (defined in Appendix A); and (ii) should
you timely elect and be eligible to continue receiving group medical coverage pursuant to the “COBRA” law, and so long as the
Company can provide such benefit without violating the nondiscrimination requirements of applicable law, the Company will for a period
of 12 (twelve) months following your termination continue to pay the share of the premium for such coverage that is paid by the Company
for active and similarly-situated employees who receive the same type of coverage. The remaining balance of any premium costs shall timely
be paid by you on a monthly basis for as long as, and to the extent that, you remain eligible for COBRA. Attached as Appendix A are the
terms and conditions applicable to the payment of any severance hereunder.

 

For purposes of this Agreement:

 

“Cause” means any of: (a) your
conviction of, or plea of guilty or nolo contendere to, any crime involving dishonesty or moral turpitude or any felony; or (b) a
good faith finding by the Company’s Board of Directors that you have (i) engaged in dishonesty, willful misconduct or gross negligence
that has a material adverse effect on the Company, (ii) committed an intentional act that materially injure the reputation, business
or business relationships of the Company, or (iii) materially breached the terms of any restrictive covenants or confidentiality
agreement with the Company; provided that in the case of (b) that you were given written notice of such violation or failure by the
Board and a period of 30 days to cure (provided that the Board determines that such violation or failure is curable).

 

     

     

    

 

“Good Reason” means the occurrence,
without your prior written consent, of any of the following events: (i) a material reduction in your authority, duties, or responsibilities;
(ii) the relocation of the principal place at which you provide services to the Company by at least 25 miles or to a location such
that your daily commuting time is materially increased; (iii) a material reduction of your base salary (other than in connection
with, and in an amount substantially proportionate to, reductions made by the Company to the base salaries of other members of management);
or (iv) a material breach by the Company of its obligations under this offer letter. No resignation will be treated as a resignation
for Good Reason unless (x) you have given written notice to the Company of your intention to terminate your employment for Good Reason,
describing the grounds for such action, no later than 90 days after the first occurrence of such circumstances or your knowledge of such
circumstances, (y) you have provided the Company with at least 30 days in which to cure the circumstances, and (z) if the Company
is not successful in curing the circumstances, you end your employment within 60 days following the cure period in (y).

 

You will be required to execute
a Non-Solicitation, Confidentiality and Assignment Agreement in the form attached as Exhibit B, as a condition of employment.

 

You represent that you are
not bound by any employment contract, restrictive covenant or other restriction preventing (or that purports to prevent) you from entering
into employment with or carrying out your responsibilities for the Company, or which is in any way inconsistent with the terms of this
letter.

 

You agree to provide to the
Company, within three days of your hire date, documentation of your eligibility to work in the United States, as required by the Immigration
Reform and Control Act of 1986. You may need to obtain a work visa in order to be eligible to work in the United States. If that is the
case, your employment with the Company will be conditioned upon your obtaining a work visa in a timely manner as determined by the Company.

 

This letter shall not be construed
as an agreement, either expressed or implied, to employ you for any stated term, and shall in no way alter the Company’s policy
of employment at will, under which both you and the Company remain free to terminate the employment relationship, with or without cause,
at any time, with or without notice. Although 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 by a written agreement
signed by you and the Chairman of the Board or their designee, which expressly states the intention to modify the at-will nature
of your employment. Similarly, except as expressly provided herein, nothing in this letter shall be construed as an agreement, either
express or implied, to pay you any compensation or grant you any benefit beyond the end of your employment with the Company.

 

In return for the compensation
payments set forth in this letter, you agree to devote your full business time, best efforts, skill, knowledge, attention, and energies
to the advancement of the Company’s business and interests and to the performance of your duties and responsibilities as an employee of
the Company and not to engage in any other business activities without prior approval from the Company.

 

     

     

    

 

As an employee of the Company,
you will be required to comply with all Company policies and procedures. Violations of the Company’s policies may lead to immediate termination
of your employment. Further, the Company’s premises, including all workspaces, furniture, documents, and other tangible materials, and
all information technology resources of the Company (including computers, data and other electronic files, and all internet and email)
are subject to oversight and inspection by the Company at any time. Company employees should have no expectation of privacy with regard
to any Company premises, materials, resources, or information.

 

This offer letter is your
formal offer of employment and supersedes any and all prior or contemporaneous agreements, discussions and understandings, whether written
or oral, relating to the subject matter of this letter or your employment with the Company, with the exception of the Indemnification
Agreement executed by the parties in conjunction with this letter. The resolution of any disputes under this letter will be governed by
the laws of the Commonwealth of Massachusetts.

 

If you agree with the provisions
of this letter, please sign this letter in the space provided below and return it to Eugene Williams, at your earliest convenience.

 

	 	Very Truly Yours,

 

	 	ProMIS NEUROSCIENCES

 

	 	By:	/s/ Eugene Williams
	 	 	Name:	Eugene Williams
	 	 	Title:	 Chairman & CEO

 

The foregoing correctly sets forth the terms of my employment by ProMIS
NEUROSCIENCES

 

	Date: 	September 12, 2022	 	/s/ Gail Farfel
	 	 	 	Name:	 Gail Farfel

 

     

     

    

 

APPENDIX A

 

Payments Subject to Section 409A

 

1.            Section 409A.
To the extent applicable, it is intended that the offer letter and all compensation arrangements contemplated under it (the
 “Compensation Arrangements”) comply with, or be exempt from, the provisions of Section 409A of the U.S.
Internal Revenue Code of 1986, as amended (the “Code”). The Compensation Arrangements shall be administered in a
manner consistent with this intent, and any provision that would cause a Compensation Arrangement to fail to satisfy
Section 409A of the Code shall have no force and effect until amended to comply with Section 409A of the Code in a manner
that is as close as possible to the parties’ original intent, while also complying with Section 409A of the Code. Any
such amendment shall not be unreasonably withheld, conditioned or delayed. Notwithstanding any provision of any Compensation
Arrangement to the contrary, in the event any payment or benefit under the Compensation Arrangement is determined to constitute
nonqualified deferred compensation subject to Section 409A of the Code, then to the extent necessary to avoid accelerated
taxation and/or additional taxes under Section 409A of the Code, such payment or benefit shall not be made, provided or
commenced until six months after your separation from service (or, if earlier, the date of your death). Lump sum payments will be
made, without interest, as soon as administratively practicable following the six-month delay; any installments otherwise due during
the six-month delay will be paid in a lump sum, without interest, as soon as administratively practicable following the six-month
delay; and the remaining installments will be paid in accordance with the original schedule. For purposes of Section 409A of
the Code, the right to a series of installment payments shall be treated as a right to a series of separate payments. Each separate
payment in the series of separate payments shall be analyzed separately for purposes of determining whether such payment is subject
to, or exempt from compliance with, the requirements of Section 409A of the Code. Notwithstanding anything contained herein to
the contrary, to the extent required in order to avoid accelerated taxation and/or additional taxes under Section 409A of the
Code, amounts reimbursable to Employee under any Compensation Arrangement shall be paid to you on or before the last day of the year
following the year in which the expense was incurred and the amount of expenses eligible for reimbursement (and in-kind benefits
provided to you) during any one year may not effect amounts reimbursable or provided in any subsequent year. The Company makes no
representation or warranty and shall have no liability to you or to any other person if any of the provisions of the Agreement
(including this Appendix) are determined to constitute deferred compensation subject to Section 409A of the Code but that do
not satisfy an exemption from, or the conditions of, that section.

 

2.            280G.

 

(a)            Anything
in this offer letter to the contrary notwithstanding, in the event it shall be determined that any payment or distribution by the Company
to you or for your benefit (whether paid or payable or distributed or distributable pursuant to the terms of this offer letter or otherwise)
(the “Payments”) would be subject to the excise tax imposed by Section 4999 (or any successor provisions) of the
Code, or any interest or penalty is incurred by you with respect to such excise tax (such excise tax, together with any such interest
and penalties, is hereinafter collectively referred to as the “Excise Tax”), then the Payments shall be reduced (but
not below zero) if and to the extent that such reduction would result in you retaining a larger amount, on an after-tax basis (taking
into account federal, state and local income taxes and the imposition of the Excise Tax), than if you received all of the Payments. The
Company shall reduce or eliminate the Payments, by first reducing or eliminating the portion of the Payments which are not payable in
cash and then by reducing or eliminating cash payments, in each case in reverse order beginning with payments or benefits which are to
be paid the farthest in time from the determination.

 

     

     

    

 

(b)            All
determinations required to be made under this paragraph, including whether and when an adjustment to any Payments is required and, if
applicable, which Payments are to be so adjusted, shall be made by an independent accounting firm selected by the Company from among the
four (4) largest accounting firms in the United States or any nationally recognized financial planning and benefits consulting company
(the “Accounting Firm”) which shall provide detailed supporting calculations both to the Company and to you within
fifteen (15) business days of the receipt of notice from you that there has been a Payment, or such earlier time as is requested by the
Company. Notwithstanding the foregoing, the Accounting Firm shall not be an accounting firm or company in which one of your immediate
family members is then a partner. In the event that the Accounting Firm is serving as accountant or auditor for the individual, entity
or group effecting the “change in control of the Company” (within the meaning of Sections 280G and 4999 of the Code) to which
the Payments relate, the Company shall appoint another nationally recognized accounting firm to make the determinations required hereunder
(which accounting firm shall then be referred to as the Accounting Firm hereunder). All fees and expenses of the Accounting Firm shall
be borne solely by the Company. If the Accounting Firm determines that no Excise Tax is payable by you, it shall furnish you with a written
opinion that failure to report the Excise Tax on your applicable federal income tax return would not result in the imposition of a negligence
or similar penalty. Any determination by the Accounting Firm shall be binding upon the Company and you.

 

     

     

    

 

Exhibit A

 

FORM OF SEPARATION AGREEMENT

 

[Place on Company Letterhead]

 

VIA HAND DELIVERY

 

[Insert Date]

 

[Insert Name]

[Insert Address]

 

Dear [Insert Name]:

 

In connection with the termination
of your employment with [Insert Company Name] (the “Company”) on [Insert Termination Date], you are eligible
to receive the severance benefits described in paragraph 2 below if you sign and return this letter agreement to me by [Return Date]
[and it becomes binding between you and the Company]. By signing and returning this letter agreement [and not revoking your acceptance],
you will be entering into a binding agreement with the Company and will be agreeing to the terms and conditions set forth in the numbered
paragraphs below, including the release of claims set forth in paragraph 3. Therefore, you are advised to consult with an attorney before
signing this letter agreement and you have been given at least [seven (7) / twenty-one (21) / forty-five (45)]1 days
to do so. [If you sign this letter agreement, you may change your mind and revoke your agreement during the seven (7) day period
after you have signed it by notifying me in writing. If you do not so revoke, this letter agreement will become a binding agreement between
you and the Company upon the expiration of the seven (7) day period.]

 

If you choose not to sign and return this letter
agreement by [Return Date] [or if you timely revoke your acceptance in writing], you shall not receive any severance benefits from
the Company. You will, however, receive payment for your final wages, any unpaid bonus, and any unused vacation time accrued through the
Termination Date, as defined below, and reimbursement for any unpaid business expenses. You may also, if eligible, elect to continue receiving
group medical insurance pursuant to “COBRA.” Please consult the COBRA materials to be provided by the Company under separate
cover for details regarding these benefits.

 

The following numbered paragraphs set forth the
terms and conditions that will apply if you timely sign and return this letter agreement [and do not revoke it in writing within the
seven (7) day period].

 

 

1 Note: except for factual information, bracketed/bolded
provisions and alternatives will be dependent on age of executive at time of termination and whether termination is an individual termination
or part of a group termination.

 

     

     

    

 

1.            Termination
Date and Resignation as a Director – Your effective date of termination from the Company is [Insert Termination Date] (the
 “Termination Date”). You agree to resign, as of the Termination Date, from your position as a Director of the Company, and
to sign and return to the Company all letters and documents that the Company may reasonably require in order to secure your resignation.
As of the Termination Date, all salary payments from the Company will cease to be earned and any your participation as of the Termination
Date in any Company-provided benefit plans, programs, or practices will be governed by the terms of such plans, programs, or practices,
except as required by federal or state law.

 

2.            Description
of Severance Benefits – If you timely sign and return this letter agreement [and do not revoke your acceptance], and
provided you abide by all of the obligations set forth herein, the Company will provide you with the severance benefits set forth in [Section     )]
of the [Insert Date] [Offer Letter] between you and the Company (the “Severance
Benefits”) as follows: [SET OUT THE SEVERANCE BENEFITS AND PAYMENT DATES].

 

3.            Release –
In consideration of the Severance Benefits, which you acknowledge you would not otherwise be entitled to receive, you hereby fully,
forever, irrevocably and unconditionally release, remise and discharge the Company, its affiliates, subsidiaries, parent companies,
predecessors, and successors, and all of their respective past and present officers, directors, stockholders, partners, members,
employees, agents, representatives, plan administrators, attorneys, insurers and fiduciaries (each in their individual and corporate
capacities) (collectively, the “Released Parties”) from any and all claims, charges, complaints, demands, actions,
causes of action, suits, rights, debts, sums of money, costs, accounts, reckonings, covenants, contracts, agreements, promises,
doings, omissions, damages, executions, obligations, liabilities, and expenses (including attorneys’ fees and costs), of every
kind and nature that you ever had or now have against any or all of the Released Parties arising up to the date you sign this
Agreement, including, but not limited to, any and all claims arising out of or relating to your employment with and/or separation
from the Company, including, but not limited to, all claims under Title VII of the Civil Rights Act of 1964, 42 U.S.C. § 2000e
et seq., the Americans With Disabilities Act of 1990, 42 U.S.C. § 12101 et seq., [the Age Discrimination in Employment Act,
29 U.S.C. § 621 et seq.,] the Genetic Information Nondiscrimination Act of 2008, 42 U.S.C. § 2000ff et seq., the
Family and Medical Leave Act, 29 U.S.C. § 2601 et seq., the Worker Adjustment and Retraining Notification Act
(“WARN”), 29 U.S.C. § 2101 et seq., the Rehabilitation Act of 1973, 29 U.S.C. § 701 et seq., Executive Order
11246, Executive Order 11141, the Fair Credit Reporting Act, 15 U.S.C. § 1681 et seq., and the Employee Retirement Income
Security Act of 1974 (“ERISA”), 29 U.S.C. § 1001 et seq., all as amended; [all claims arising out of the
Massachusetts Fair Employment Practices Act., Mass. Gen. Laws ch. 151B, § 1 et seq., the Massachusetts Wage Act,
Mass. Gen. Laws ch. 149, § 148 et seq. (Massachusetts law regarding payment of wages and overtime), the Massachusetts Civil
Rights Act, Mass. Gen. Laws ch. 12, §§ 11H and 11I, the Massachusetts Equal Rights Act, Mass. Gen. Laws. ch. 93, §
102 and Mass. Gen. Laws ch. 214, § 1C, the Massachusetts Labor and Industries Act, Mass. Gen. Laws ch. 149, § 1 et seq.,
Mass. Gen. Laws ch. 214, § 1B (Massachusetts right of privacy law), the Massachusetts Maternity Leave Act, Mass. Gen. Laws ch.
149, § 105D, and the Massachusetts Small Necessities Leave Act, Mass. Gen. Laws ch. 149, § 52D, all as amended]; [Insert
any other applicable state’s citations;] all common law claims including, but not limited to, actions in defamation,
intentional infliction of emotional distress, misrepresentation, fraud, wrongful discharge, and breach of contract (including,
without limitation, all claims arising out of or relating to your [Insert Date] Employment Agreement); all claims to any
non-vested ownership interest in the Company, contractual or otherwise; all state and federal whistleblower claims to the maximum
extent permitted by law; and any claim or damage arising out of your employment with and/or separation from the Company (including a
claim for retaliation) under any common law theory or any federal, state or local statute or ordinance not expressly referenced
above; provided, however, that nothing in this letter agreement releases claims or rights (i) to vested benefits or to stock
options that are vested and exercisable for a post-employment exercise period; (ii) to enforce this Agreement; (iii) to
indemnification (including the advancement of expenses) and/or contribution you may have pursuant to applicable law, the
Company’s governance instruments, any agreement between you and the Company or otherwise for acts committed during the scope
of your employment with the Company; (iv) to coverage, if any, under any Company liability insurance policy; (v) under
state unemployment and workers’ compensation statutes; and (vi) that may not be released by private agreement. Further,
nothing in this letter agreement prevents you from filing a charge with, cooperating with, or participating in any proceeding before
the Equal Employment Opportunity Commission or a state fair employment practices agency (except that you acknowledge that you may
not recover any monetary benefits in connection with any such claim, charge or proceeding).

 

     

     

    

 

4.            Continuing
Obligations – You acknowledge and reaffirm your obligation to keep confidential and not to use or disclose any and all non-public
information concerning the Company that you acquired during the course of your employment with the Company, including, but not limited
to, any non-public information concerning the Company’s business affairs, business prospects, and financial condition. You further
acknowledge and reaffirm your obligations set forth in the [Insert Name of Restrictive Covenant Agreement(s)] you executed for
the benefit of the Company, which remain in full force and effect. Nothing in this Section shall interfere with your ability to comply
with legal process or the requirements of applicable federal or state laws or regulations.

 

5.            Non-Disparagement
– You understand and agree that, to the extent permitted by law, you will not, in public or private, make any statements to
any person or entity, including, but not limited to, any media outlet, industry group, financial institution or current or former employee,
board member, consultant, client or customer of the Company, regarding the Company or any of the other Released Parties, or regarding
the Company’s business affairs, business prospects, or financial condition that are disparaging, derogatory or defamatory to the
Company. Notwithstanding the above, nothing in this Section will interfere with your ability to comply with legal process or the
requirements of applicable federal or state laws or regulations or to cooperate with any agency investigation. The Company agrees to direct
its officers, directors, employees and consultants not to, in public or private, make any false, disparaging, derogatory or defamatory
statements to any person or entity, including, but not limited to, any media outlet, industry group, financial institution or current
or former employee, board member, consultant, client or customer of the Company, regarding you, your involvement with the Company, or
your reputation, nor will the Company assist any others in engaging in such activities. The Company will also use commercially reasonable
efforts to have such directions adhered to. Notwithstanding the above, nothing in this Section shall interfere with the Company’s
ability to comply with legal process or the requirements of applicable federal or state laws or regulations.

 

     

     

    

 

6.            Continued
Assistance – You agree that for a period of three months immediately after the Termination Date you will provide all reasonable
cooperation to the Company, including but not limited to, assisting the Company in transitioning your job duties and performing any other
tasks as reasonably requested by the Company. The Company shall: (a) compensate you for the reasonable value of your time for any
such cooperation and assistance (including, without limitation, the value of any paid time off or unpaid time off you utilize from a future
employer); (b) pay out-of-pocket expenses consistent with Company policies; and (c) not interfere with requirements or commitments
you may have in new employment (including self-employment or consulting).

 

7.            Cooperation –
To the extent permitted by law, you agree to fully cooperate with the Company in the defense or prosecution of any claims or actions
which already have been brought, are currently pending, or which may be brought in the future against or on behalf of the Company,
whether before a state or federal court, any state or federal government agency, or a mediator or arbitrator. Your full cooperation
in connection with such claims or actions shall include, but not be limited to, reasonable requests to meet with counsel to prepare
its claims or defenses, to prepare for trial or discovery or an administrative hearing or a mediation or arbitration and to
act as a witness when requested by the Company at reasonable times designated by the Company. You agree that, to the extent
permitted by applicable law, you will notify the Company promptly in the event that you are served with a subpoena or in the event
that you are asked to provide a third party with information concerning any actual or potential complaint or claim against the
Company. In connection with such cooperation, the Company will not interfere with requirements or commitments you may have in new
employment (including self-employment or consulting) or your personal obligations, and, at the Company’s expense:
(a) compensate you for the reasonable value of your time for any such cooperation and assistance (including, without
limitation, the value of any paid time off or unpaid time off you utilize from a future employer); (b) reimburse you for
out-of-pocket expenses; and (c) provide legal counsel if necessary to advise you.

 

8.            Return
of Company Property – You confirm that you have returned to the Company all keys, files, records (and copies thereof), equipment
(including, but not limited to, computer hardware, software and printers, wireless handheld devices, cellular phones, pagers, etc.),
Company identification, and any other Company-owned property in your possession or control and have left intact all electronic Company
documents, including but not limited to those that you developed or helped to develop during your employment. You further confirm that
you have cancelled all accounts for your benefit, if any, in the Company’s name, including but not limited to, credit cards, telephone
charge cards, cellular phone and/or pager accounts, and computer accounts.

 

9.            Business
Expenses and Final Compensation – You acknowledge that you have been reimbursed by the Company for all business expenses incurred
in conjunction with the performance of your employment and that no other such reimbursements are owed to you. You further acknowledge
that you have received payment in full for all services rendered in conjunction with your employment by the Company, including payment
for all wages (including overtime), bonuses, commissions, and accrued, unused vacation time, and that no other compensation is owed to
you except as provided herein.

 

     

     

    

 

10.            Amendment
and Waiver – This letter agreement shall be binding upon the parties and may not be modified in any manner, except by an instrument
in writing of concurrent or subsequent date signed by duly authorized representatives of the parties hereto. This letter agreement is
binding upon and shall inure to the benefit of the parties and their respective agents, assigns, heirs, executors, successors and administrators.
No delay or omission by the Company in exercising any right under this letter agreement shall operate as a waiver of that or any other
right. A waiver or consent given by the Company on any one occasion shall be effective only in that instance and shall not be construed
as a bar to or waiver of any right on any other occasion.

 

11.            Validity
– Should any provision of this letter agreement be declared or be determined by any court of competent jurisdiction to be illegal
or invalid, the validity of the remaining parts, terms or provisions shall not be affected thereby and said illegal or invalid part, term
or provision shall be deemed not to be a part of this letter agreement.

 

12.            Confidentiality
– To the extent permitted by law, you understand and agree that as a condition of the Severance Benefits herein described, the
terms and contents of this letter agreement, and the contents of the negotiations and discussions resulting in this letter agreement,
shall be maintained as confidential by you and your agents and representatives and shall not be disclosed except to your immediate family,
your attorneys, financial advisors, and as required by law, and except as otherwise agreed to in writing by the Company.

 

13.            Nature
of Agreement – You understand and agree that this letter agreement is a severance agreement and does not constitute an admission
of liability or wrongdoing on the part of the Company.

 

14.            Acknowledgments
 – You acknowledge that you have been given at least [seven (7) / twenty-one (21) / forty-five (45)] days to consider
this letter agreement, and that the Company advised you to consult with an attorney of your own choosing prior to signing this letter
agreement. [You understand that you may revoke this letter agreement for a period of seven (7) days after you sign this letter
agreement by notifying me in writing, and the letter agreement shall not be effective or enforceable until the expiration of this seven
(7) day revocation period. You understand and agree that by entering into this letter agreement, you are waiving any and all rights
or claims you might have under the Age Discrimination in Employment Act, as amended by the Older Workers Benefit Protection Act, and that
you have received consideration beyond that to which you were previously entitled.]

 

15.            [Eligibility
for Severance Program – Attached to this letter agreement as Attachment A is a description of (i) any class, unit or group
of individuals covered by the program of severance benefits which the Company has offered to you, and any applicable time limits regarding
such severance benefit program; and (ii) the job title and ages of all individuals eligible or selected for such severance benefit
program, and the ages of all individuals in the same job classification or organizational unit who are not eligible or who were not selected
for such severance benefit program.]

 

     

     

    

 

16.            Voluntary
Assent – You affirm that no other promises or agreements of any kind have been made to or with you by any person or entity whatsoever
to cause you to sign this letter agreement, and that you fully understand the meaning and intent of this letter agreement. You state and
represent that you have had an opportunity to fully discuss and review the terms of this letter agreement with an attorney. You further
state and represent that you have carefully read this letter agreement, understand the contents herein, freely, and voluntarily assent
to all of the terms and conditions hereof, and sign your name of your own free act.

 

17.            Applicable
Law – This letter agreement shall be interpreted and construed by the laws of the [Commonwealth of Massachusetts], without
regard to conflict of laws provisions. You hereby irrevocably submit to and acknowledge and recognize the jurisdiction of the courts of
the [Commonwealth of Massachusetts], or if appropriate, a federal court located in the [Commonwealth of Massachusetts] (which
courts, for purposes of this letter agreement, are the only courts of competent jurisdiction), over any suit, action or other proceeding
arising out of, under or in connection with this letter agreement or the subject matter hereof.

 

18.            Entire
Agreement – This letter agreement contains and constitutes the entire understanding and agreement between the parties hereto
with respect to your severance benefits and the settlement of claims against the Company and cancels all previous oral and written negotiations,
agreements, and commitments in connection therewith. Nothing in this paragraph, however, shall modify, cancel or supersede your obligations
set forth in paragraph 4 above.

 

19.            Tax
Acknowledgement – In connection with the Severance Benefits provided to you pursuant to this letter agreement, the Company shall
withhold and remit to the tax authorities the amounts required under applicable law, and you shall be responsible for all applicable taxes
with respect to such Severance Benefits under applicable law. You acknowledge that you are not relying upon the advice or representation
of the Company with respect to the tax treatment of any of the Severance Benefits set forth in paragraph 2 of this letter agreement.

 

If you have any questions about the matters covered
in this letter agreement, please call me at [Insert Phone Number].

 

	 	Very truly yours,
	 	 
	 	By:	 
	 	 	[NAME] [TITLE]

 

I hereby agree to the terms and conditions set
forth above. [I have been given at least [twenty- one (21) / forty-five (45)] days to consider this letter agreement and I have chosen
to execute this on the date below. I intend that this letter agreement will become a binding agreement between me and the Company if I
do not revoke my acceptance in seven (7) days.]

 

	 	 	 	 
	 	[Insert Name]	 	Date

 

To
be returned in a timely manner as set forth on the first page of this letter agreement.

 

     

     

    

 

  

Exhibit B

 

NON-SOLICITATION, CONFIDENTIALITY and ASSIGNMENT
AGREEMENT

 

Employee Non-Solicitation, Confidentiality and
Assignment Agreement

 

In consideration and as a condition of NAME (“I”,
 “Me”, or “You”) employment or continued employment by ProMIS Neurosciences. (“ProMIS”), the parties
hereby agree as follows:

  

1.              Proprietary
Information. I agree that all information, whether or not in writing, whether or not disclosed before or after I was
first employed by ProMIS, concerning the business, technology, business relationships or financial affairs of ProMIS or its
subsidiaries, affiliates, and associated entities (collectively, the “Company”) that the Company has not released to the
general public (collectively, “Proprietary Information”), and all tangible embodiments thereof, are and will be the
exclusive property of the Company. By way of illustration, Proprietary Information may include information or material that has not
been made generally available to the public, such as: (a) corporate information, including plans, strategies, methods,
policies, resolutions, notes, email correspondence, negotiations or litigation; (b) marketing information, including strategies,
methods, customer identities or other information about customers, prospect identities or other information about prospects, or
market analyses or projections; (c) financial information, including cost and performance data, debt arrangements,
equity structure, investors and holdings, purchasing and sales data and price lists; and (d) operational and technological
information, including plans, specifications, manuals, forms, templates, software, designs, methods, procedures, formulas,
discoveries, inventions, improvements, biological or chemical materials, concepts and ideas; and (e) personnel
information, including personnel lists, reporting or organizational structure, resumes, personnel data, compensation structure,
performance evaluations and termination arrangements or documents. Proprietary Information includes, without limitation,
(1) information received in confidence by the Company from its customers or suppliers or other third parties, and (2) all
biological or chemical materials and other tangible embodiments of the Proprietary Information. It also includes all trade secrets
as defined by applicable law.

 

2.               Recognition
of Company’s Rights. I will not, without the Company’s prior written permission, either during or after my employment,
disclose or transfer any Proprietary Information to anyone outside of the Company, or use or permit to be used any Proprietary Information
for any purpose other than the performance of my duties as an employee of the Company. I will cooperate with the Company and use my best
efforts to prevent the unauthorized disclosure of all Proprietary Information. I will deliver to the Company all copies and other tangible
embodiments of Proprietary Information in my possession or control upon the earlier of a request by the Company or termination of my employment.
The term "Proprietary Information" hereunder will not include information that I can establish by competent written evidence
(i) is or becomes generally known within the Company’s industry through no fault of mine; (ii) was known to me at the
time it was disclosed; (iii) is lawfully and in good faith made available to me by a third-party who did not derive it from the Company
and who imposes no obligation of confidence on me; or (iv) is required to be disclosed by law, order of a governmental authority
or a court of competent jurisdiction, provided that such disclosure is subject to all applicable governmental or judicial protection available
for like material, and provided I first give reasonable advance written notice of such requirement to the Company, and permit the Company
to intervene in any relevant proceedings to protect its interests in the Proprietary Information, and provide full cooperation and assistance
to the Company in seeking to obtain such protection.

 

    1 

     

    

 

I understand and acknowledge that my obligations under this Agreement
regarding any particular Proprietary Information begins immediately when I first have access to the Proprietary Information and shall
continue during and after my employment by the Company until the time that the Proprietary Information has become public knowledge other
than as a result of my breach of this Agreement or breach by those acting in concert with me or on my behalf.

 

Notwithstanding any other provision of this Agreement, I will
not be held criminally or civilly liable under any federal or state trade secret law for any disclosure of a trade secret that: 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 is made in a complaint or other document that is filed under seal
in a lawsuit or other proceeding. If I file a lawsuit for retaliation by the Company for reporting a suspected violation of law, I
may disclose the Company’s trade secrets to my attorney and use the trade secret information in the court proceeding if I file any
document containing the trade secret under seal; and I do not disclose the trade secret, except pursuant to court order.

 

3.            Rights
of Others. I understand that the Company is now and may hereafter be subject to non-disclosure or confidentiality agreements
with third persons which require the Company to protect or refrain from use of proprietary information. I agree to be bound by the terms
of such agreements in the event I have access to such proprietary information.

 

4.            Commitment
to Company; Avoidance of Conflict of Interest. While an employee of the Company, I will devote my full-time efforts to
the Company’s business and I will not engage in any other business activity that conflicts or reasonably could potentially conflict
with my duties to the Company. I will advise the Board of Directors at such time as any activity of either the Company or another business
presents me with a conflict of interest or the appearance of a conflict of interest as an employee of the Company. I will take whatever
action is requested of me by the Company to resolve any conflict or appearance of conflict which it finds to exist.

 

5.            Developments.
I hereby assign and transfer and, to the extent any such assignment cannot be made at present, hereby agree to assign and transfer,
to ProMIS and its successors, designees and assigns, all my right, title and interest in and to all Developments (as defined below)
that: (a) are created, developed, made, conceived or reduced to practice by me (alone or jointly with others) or under my
direction (collectively, “conceived”) during the period of my employment and that relate to the business of the
Company or to products, methods or services being researched, developed, manufactured or sold by the Company; or (b) result
from tasks assigned to me by the Company; or (c) result from the use of premises, Proprietary Information or personal property
(whether tangible or intangible) owned, licensed or leased by the Company (collectively, “Company-Related
Developments”), and all patent rights, trademarks, copyrights and other intellectual property rights in all
countries and territories worldwide claiming, covering or otherwise arising from or pertaining to Company-Related Developments
(collectively, “Intellectual Property Rights”). I will make full and prompt disclosure to the Company of all
Company-Related Developments, as well as all other Developments conceived by me during the period of my employment. I acknowledge
that all work performed by me as an employee of the Company is on a “work for hire” basis. I hereby waive all claims to
any moral rights or other special rights which I may have or accrue in any Company-Related Developments. “Developments”
mean inventions, discoveries, designs, developments, methods, modifications, improvements, processes, biological or chemical
materials, algorithms, databases, computer programs, formulae, techniques, trade secrets, graphics or images, audio or visual works,
and other works of authorship.

 

    2 

     

    

  

To preclude any possible uncertainty, I
have set forth on Exhibit A attached hereto a complete list of Developments conceived by me before my employment that are
not Company-Related Developments (“Prior Inventions”). I have also listed on Exhibit A all patent rights of which
I am an inventor, other than those contained within Intellectual Property Rights (“Other Patent Rights”). If no such disclosure
is attached, I represent that there are no Prior Inventions or Other Patent Rights. If, in the course of my employment with the Company, I
incorporate a Prior Invention into a Company product, process or research or development program or other work done for the Company, I
hereby grant to the Company a nonexclusive, royalty-free, fully paid-up, irrevocable, perpetual, worldwide license (with the full right
to sublicense through multiple tiers) to make, have made, modify, use, offer for sale, import and sell such Prior Invention. Notwithstanding
the foregoing, I will not incorporate, or permit to be incorporated, Prior Inventions in any Company-Related Development without
the Company’s prior written consent.

 

I understand that to the extent
this Agreement is required to be construed in accordance with the laws of any state which precludes a requirement in an employee agreement
to assign certain classes of inventions made by an employee, this Section will be interpreted not to apply to any invention which
a court rules and/or the Company agrees falls within such classes.

 

6.              Documents
and Other Materials. I will keep and maintain, or cause to be kept and maintained by the Company, adequate and current records
of all Proprietary Information and Company-Related Developments conceived by me, which records will be available to and remain the sole
property of the Company at all times. All files, letters, notes, memoranda, reports, records, data, sketches, drawings, notebooks, layouts,
charts, quotations and proposals, specification sheets, program listings, blueprints, models, prototypes, materials or other written,
photographic or other tangible material containing or embodying Proprietary Information, whether created by me or others, which come into
my custody or possession, are the exclusive property of the Company to be used by me only in the performance of my duties for the Company.
In the event of the termination of my employment for any reason, I will deliver to the Company all of the foregoing, and all other
materials of any nature pertaining to the Proprietary Information of the Company and to my work, and will not take or keep in my possession
any of the foregoing or any copies. Any property situated on the Company’s premises and owned by the Company, including laboratory
space, computers, disks and other storage media, filing cabinets or other work areas, is subject to inspection by the Company at any time
with or without notice.

 

    3 

     

    

  

7.            Enforcement
of Intellectual Property Rights. I will, at the Company’s expense, cooperate fully with the Company, both during and
after my employment with the Company, with respect to the procurement, maintenance and enforcement of Intellectual Property Rights, as
well as all other patent rights, trademarks, copyrights and other intellectual property rights in all countries and territories worldwide
owned by or licensed to the Company. I will sign, both during and after the term of this Agreement, all truthful and accurate papers,
including copyright applications, patent applications, declarations, oaths, assignments of priority rights, and powers of attorney, which
the Company may deem necessary or desirable in order to protect its rights and interests in any Company-Related Development or Intellectual
Property Rights. If the Company is unable, after reasonable effort, to secure my signature on any such papers, I hereby irrevocably
designate and appoint each officer of the Company as my agent and attorney-in-fact to execute any such papers on my behalf, and to take
any and all actions as the Company may deem necessary or desirable in order to protect its rights and interests in the same.

 

8.            Non-Solicitation.
In order to protect the Company’s Proprietary Information and good will, during my employment and for a period of twelve
(12) months following the ending of my employment with the Company (the “Restricted Period”), I will not,
directly or indirectly, in any manner, other than for the benefit of the Company, (a)  divert or take away any of
the customers, business or prospective customers of the Company with whom I had Material Contact, (b) call upon or solicit for
the purpose of providing products or services that are competitive with those of the Company any of the customers, business or
prospective customers of the Company with whom I had Material Contact and/or (c) solicit, entice or attempt to persuade any
other employee or consultant of the Company with whom I had Material Contact to leave the services of the Company for any reason. I
acknowledge and agree that if I violate any of the provisions of this Section, the running of the Restricted Period will be extended
by the time during which I engage in such violation(s).

 

“Material Contact” means the contact between me and each
customer, potential customer, or employee of the Company within 12 months prior to my termination or resignation: (a) with whom or
which I dealt on behalf of the Company; (b) whose dealings with the Company were coordinated or supervised by me; (c) about
whom I obtained confidential information in the ordinary course of business as a result of my association with the Company; or (d) who
receives products or services authorized by the Company, the sale or provision of which results or resulted in compensation, commissions,
or earnings for me within one year prior to the date of my termination.

 

9.              Government
Contracts. I acknowledge that the Company may have from time to time agreements with other persons or with the United States
Government or its agencies which impose obligations or restrictions on the Company regarding inventions made during the course of work
under such agreements or regarding the confidential nature of such work. I agree to comply with any such obligations or restrictions upon
the direction of the Company. In addition to the rights assigned under Section 5, I also assign to the Company (or any of its
nominees) all rights which I have or acquired in any Developments, full title to which is required to be in the United States under any
contract between the Company and the United States or any of its agencies.

 

    4 

     

    

  

10.            Prior
Agreements. I hereby represent that, except as I have fully disclosed previously in writing to the Company, I am not bound
by the terms of any agreement with any current or previous employer or other party that interferes with my performance under this Agreement
or obligates me to refrain from using or disclosing any trade secret or confidential or proprietary information in the course of my employment
with the Company or to refrain from competing, directly or indirectly, with the business of such previous employer or any other party,
or to assign any patent rights, trademarks, copyrights or other intellectual property rights. I further represent that my performance
of all the terms of this Agreement as an employee of the Company does not and will not breach any agreement to keep in confidence proprietary
information, knowledge or data acquired by me in confidence or in trust prior to my employment with the Company. I will not disclose to
the Company or induce the Company to use any confidential or proprietary information or material belonging to any previous employer or
others.

 

11.            Remedies
Upon Breach. I understand that the restrictions contained in this Agreement are necessary for the protection of the business
and goodwill of the Company and I consider them to be reasonable for such purpose. Any breach of this Agreement is likely to cause the
Company substantial and irrevocable damage and therefore, in the event of such breach, the Company, in addition to such other remedies
which may be available, will be entitled to specific performance and other injunctive relief.

 

12.            Use
of Voice, Image and Likeness. I give the Company permission, during my employment with the Company only, to use my voice,
image or likeness, with or without using my name, for the purposes of advertising and promoting the Company, or for other purposes deemed
appropriate by the Company in its reasonable discretion, except to the extent expressly prohibited by law.

 

13.            Publications
and Public Statements. To ensure that the Company delivers a consistent message about its products, services and operations
to the public, and further in recognition that even positive statements may have a detrimental effect on the Company in certain contexts,
any statement about the Company which I create, publish or post during the six (6) months following the termination of my employment
with the Company, on any media accessible by the public, including but not limited to electronic bulletin boards and Internet-based chat
rooms, must first be reviewed and approved within five (5) business days by an officer of the Company before it is released in the
public domain, which approval shall not be unreasonably withheld, conditioned or delayed.

 

14.            No
Employment Obligation. I understand that this Agreement does not create an obligation on the Company or any other person to
continue my employment. I acknowledge that, unless otherwise agreed in a formal written employment agreement signed on behalf of the Company
by an authorized officer, my employment with the Company is at will and therefore may be terminated by the Company or me at any time and
for any reason.

 

    5 

     

    

  

15.            Survival
and Assignment by the Company. I understand that my obligations under this Agreement will continue in accordance with its express
terms regardless of any changes in my title, position, duties, salary, compensation or benefits (if any) or other terms and conditions
of employment. I further understand that my obligations under this Agreement will continue following the termination of my employment
regardless of the manner of such termination and will be binding upon my heirs, executors and administrators. The Company will have the
right to assign this Agreement to its affiliates, successors and assigns. I expressly consent to be bound by the provisions of this Agreement
for the benefit of the Company or any parent, subsidiary or affiliate to whose employ I may be transferred without the necessity that
this Agreement be resigned at the time of such transfer.

 

16.            Disclosure
to Future Employers and Others. During the period in which the terms of the Non-Solicitation agreement described in Section 8
and the Developments agreement in Section 5 remain in force, I will provide relevant provisions of this Agreement to any employer,
partner or co-venturer in writing.

 

17.            Exit
Interview. If and when I depart from the Company, I may be required to attend an exit interview and sign an “Employee
Exit Acknowledgement” to reaffirm my acceptance and acknowledgement of the obligations set forth in this Agreement. During the Restricted
Period following termination of my employment, I will notify the Company of any change in my address and of each subsequent engagement,
employment or business activity, including the name and address of my employer, party to which I render services or other post-Company
employment or engagement plans and the nature of my activities.

 

18.            Severability.
In case any provisions (or portions thereof) contained in this Agreement will, for any reason, be held 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 herein. 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.

 

19.            Entire
Agreement. This Agreement constitutes the entire and only agreement between the Company and me respecting the subject matter
hereof, and supersedes all prior agreements and understandings, oral or written, between us concerning such subject matter, except for
the offer letter I received and executed at the start of my employment with the Company. No modification, amendment, waiver or termination
of this Agreement or of any provision hereof will be binding unless made in writing and signed by an authorized officer of the Company.
Failure of the Company to insist upon strict compliance with any of the terms, covenants or conditions hereof will not be deemed a waiver
of such terms, covenants or conditions. In the event of any inconsistency between this Agreement and any other contract between the Company
and me, the provisions of this Agreement will prevail.

  

20.            Interpretation.
This Agreement will be deemed to be made and entered into in the Commonwealth of Massachusetts, and will in all respects be interpreted,
enforced and governed under the laws of the Commonwealth of Massachusetts. I hereby agree to consent to personal jurisdiction of the Suffolk
County Business Litigation Session for purposes of enforcing this Agreement, and waive any objection that I might have to personal jurisdiction
or venue in this court. As used in this Agreement, “including” means “including but not limited to”.

 

    6 

     

    

  

BY SIGNING BELOW, I CERTIFY THAT I HAVE THE
RIGHT TO CONSULT AN ATTORNEY PRIOR TO ENTERING INTO THIS AGREEMENT, HAVE READ THIS AGREEMENT CAREFULLY AND, AM SATISFIED THAT I UNDERSTAND
IT COMPLETELY.

 

IN WITNESS WHEREOF, the undersigned has executed
this agreement as a sealed instrument as of the date set forth below.

 

	Signed:	 	 

(Employee’s full name)

 

Type or print name:     _____________________

 

Accepted and agreed:

 

ProMIS NEUROSCIENCES

 

	By:	 	 
	 	Title:	 
	 	Date:

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