Share Issuance and Release of Liability Agreement between Firefly Neuroscience Inc. and Charlotte Baumeister
This agreement, effective June 17, 2025, is between Firefly Neuroscience Inc. and Charlotte Baumeister. In exchange for 5,000 shares of common stock, Charlotte Baumeister releases Firefly Neuroscience Inc. from any claims or liabilities related to her prior services as a consultant or employee. The agreement confirms that Baumeister is responsible for any taxes on the stock and that any previously granted options remain governed by their original terms. The agreement is governed by Delaware law and represents the full understanding regarding liability release between the parties.
Exhibit 10.33
Share Issuance and Release of Liability Agreement
This Release of Liability ("Release") is made effective as of June 17, 2025, by and between:
Consultant / Employee: Charlotte Baumeister
Address:
Email:
and
Client/Company: Firefly Neuroscience Inc
Address: 1100 Military Road, NY
1. Purpose
The Consultant has provided certain professional services, advice, or deliverables (“Services”) to the Client. This Release confirms that the Consultant assumes full responsibility for their actions and releases the Client from liability related to the Consultant’s services. Upon signing this document, the Company will issue the Consultant / Employee 5,000 shares of common stock.
2. Release of Liability
The Consultant hereby releases, discharges, and holds harmless the Client, its officers, employees, contractors, and affiliates from any and all claims, demands, or causes of action arising from:
- Any and all manner of action or actions, cause or causes of action, in law or in equity, suits, debts, liens, contracts, agreements, promises, liability, claims, demands, damages, losses, costs, attorneys’ fees or expenses, of any nature whatsoever, known or unknown, fixed or contingent (hereinafter called “Claims”), which the Consultant now has or may hereafter have against the Company, or any of them, by reason of any matter, cause, or thing whatsoever from the beginning of time to the date hereof.
- Any injury, loss, or damage incurred by the Consultant during the course of the engagement.
- The nature, outcomes, or use of the services rendered.
- Any third-party claims connected to the Consultant's work or conduct.
- The Consultant is solely responsible for taxes in regards to the stock issuance.
- The Company confirms any options granted to the Consultant are governed by the respective options agreement. They will still be in effect based on the terms and conditions of their respective agreements.
3. Governing Law
This Release shall be governed by the laws of the State of Delaware, without regard to conflict of law principles.
4. Entire Agreement
This document constitutes the entire agreement between the parties concerning liability release and supersedes any prior understanding.
Signatures
Employee: Charlotte Baumeister
| Signature: | | |
| Date: | 17.06.2025 | |
| Client / Company Representative: | ||
| Signature: | | |
| Name & Title: | Greg Lipschitz, CEO | |
| Date: | June 17, 2025 | |
