exhibit 10. 7 service agreement march 2013 galecto biotech aps and hans schambye exhibit 10. 7 service agreement march 2013 service agreement march 2013 service agreement march 2013 galecto biotech aps and hans schambye galecto biotech aps cvr no. 34 87 83 66 ole maaloes vej 3 2200 copenhagen n ( the “ company ” ) and hans schambye ( the “ ceo ” ) ( jointly, the “ parties ” ) have today entered into this service agreement ( the “ agreement ” ). 1. commencement of service 1. 1 the ceo serves as chief executive officer of the company and effective as of 1 february 2013 this agreement shall govern the contractual relationship between the parties. 1. 2 the ceo also serves as ceo for the swedish parent company of the company, galecto biotech ab. the company and galecto biotech ab shall jointly be referred to as the “ companies ”. 1. 3 the ceo shall be registered as ceo with the danish and swedish commerce and companies agency ( erhvervsstyrelsen and bolagsverket, respectively ). 2. responsibilities 2. 1 the ceo shall be responsible for the day - to - day management of the companies. the consultant shall report to the chairman of the board of directors of galecto biotech ab and the ceo must in good faith comply with the instructions and directions given by the board of directors of galecto biotech ab and comply with the instructions to the managing director of galecto biotech ab set forth in appendix 2. 1. 2. 2 the ceo shall perform his duties in accordance with applicable danish and swedish laws, hereunder the articles of association of the companies ( in each case as amended from time to time ). 2 3. place of work 3. 1 the ordinary place of work will be at the company ’ s address, ole maaloes vej 3, 2200 copenhagen n. 3. 2 the ceo will be required to travel extensively both in and outside denmark. 4. working hours and duties 4. 1 the ceo undertakes to work on a full - time basis, i. e. 37 hours per week, not including a 30 - minute lunch break per day. 4. 2 the ceo must in good faith devote all his working time and skill in the company ’ s service and do his best to promote the company ’ s interests. 4. 3