SEC Contract Filing

Filing Date: 2017-08-14

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>f10q0617ex10v_immudyneinc.htm
<DESCRIPTION>DIRECTOR AGREEMENT WITH ANTHONY BRUZZESE, DATED JULY 1, 2017
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<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit 10.5</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 168.1pt 0 163.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DIRECTOR
AGREEMENT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.15pt 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 9.3pt 0 5.45pt; text-align: justify; text-indent: 35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
DIRECTOR AGREEMENT (&quot;Agreement&quot;) is dated as of July 1, 2017, between IMMUDYNE, INC., a Delaware corporation (the &quot;Company&quot;),
and Anthony Bruzzese M.D. (&quot;Director&quot;). The Company and the Director are hereinafter sometimes referred to collectively
as the &quot;Parties&quot; and individually as a &quot;Party.&quot;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 164pt 0 163.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WITNESSETH:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 9.2pt 0 6.55pt; text-align: justify; text-indent: 35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
the Company desires to engage, and the Director agrees to provide services to the Company, and</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 9.25pt 0 6.55pt; text-align: justify; text-indent: 35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
the parties hereto desire to set forth the terms of Director's engagement with the Company;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.85pt 0 6.55pt; text-align: justify; text-indent: 37.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NOW,
THEREFORE, for and in consideration of the mutual promises, covenants and obligations contained, the Company and Director hereby
agree as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.75pt 0 79.65pt; text-align: justify; text-indent: -35.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Engagement and Location</U>. The Company hereby appoints Director, and Director hereby accepts engagement by the Company, on
the terms and conditions hereinafter set forth. Given the Director's personal circumstances, and circumstances at the Company,
Director shall not be required to relocate.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 6.15pt 0 80pt; text-align: justify; text-indent: -35.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Director's Duties</U>. Director will serve as a Director of the Company and as a member of the Compensation and Audit Committees.
Director's duties shall include those which are designated or assigned to him from time to time by the Board of Directors of the
Company or the By-laws of the Company, provided those duties are of the type customarily discharged by a person holding the same
or similar offices in a company of similar size and operations as the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 6.35pt 0 80.35pt; text-align: justify; text-indent: -35.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Term of Engagement</U>. Subject to the provisions for termination hereof; the original term of this Agreement shall commence
as of the date hereof and shall continue for a term of three (3) years. Subsections 6(f) through 6(j) and Sections 7 through 20
of this Agreement shall survive termination hereof for any reason whatsoever.</FONT></P>

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