exhibit 10. 2 lightwave logic, inc. statement of operations committee work committee member michael lebby term at the discretion of the board, but for a period of not more than 365 consecutive days. scope of work provide corporate development, strategic and business advisory services to the company ’ s ceo, including the following : product development : · oversee strategic product development plan and advise the company technical team on telecom and datacom device programs with a product demonstration target by the end of q1, 2016. · assist the company in executing an aggressive technology leadership strategy and enhancing a company product roadmap. · assist with executing an ip and patent strategy. · assist with recruiting and building the technical team and advisory board, as needed. strategic partnerships : identify and contact strategic partners as agreed to by the ceo. establish commercial partnerships and new revenue generating engagements with strategic partners. pursue and close business investments by strategic partners into the company. develop buy side acquisition opportunities for the company. capital financing : position and introduce the company to potential strategic investors. duties will include : · assisting the company with preparing technical presentations for potential investors ; · identifying and contacting potential strategic investors on behalf of the company ; · as requested, accompanying management to meet with potential investors. strategic merger and buy side m & a : as directed by the ceo and board, identify and pursue strategic acquisition targets. assist in closing transactions. compensation the committee member will be paid the compensation set forth below, which shall be in addition to the compensation he receives for serving as a member of the board. however, the committee member shall not receive as compensation from the company for service on the operations committee any amount in excess of $ 120, 000 during any period of 12 consecutive months. in the event of an incomplete month of service, the compensation will be prorated based on the number of days of work for the operations committee. retainer : · a monthly cash retainer of $ 3, 000 per month payable on the first day of every month, · a company stock award of $ 2, 000 per month will be awarded at the end of each month worked. the share price will be determined by the average vwap over each 30 - day period worked. new business commission : · a commission equal to 5 % of the value of any non - security, business investment transaction that the company directly receives by a party that was introduced to the company by the committee member and whereby the committee member was instrumental in procuring the transaction.