Exhibit 10.1

    

       

    AMENDED AND RESTATED

    EXECUTIVE EMPLOYMENT AGREEMENT

    BROOKLYN IMMUNOTHERAPEUTICS, INC.

    

       

    This AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) dated as of
      May 10, 2022, is entered by and between Brooklyn ImmunoTherapeutics, Inc., a Delaware corporation (the “Company”), and Andrew Jackson, an individual residing in Cardiff, California 92007 (“Executive”) and, except with respect to the amendment and restatement hereof contained in the Recitals (which are incorporated by reference and made an operative part of this Agreement), will
      become effective as of the date on which Executive commences his employment with the Company (the “Effective Date”). Each of the Company and Executive is a “Party,” and collectively, they are the “Parties.”

     

    WHEREAS, the Company wishes to employ Executive as of the Effective Date; and

     

    WHEREAS, Executive wishes to be employed by the Company as of the Effective Date;

     

    WHEREAS, a copy of this Agreement, intended for discussion and not for execution, was in fact executed by Executive and the Company on May
      4, 2022 (the “Original Agreement”), and, in accordance with Section 13 of the Original Agreement, the Company and Executive hereby agree that the Original Agreement is hereby amended and restated in its entirety as set forth in this Agreement.

     

    NOW THEREFORE, in consideration of the above recitals, which are incorporated herein, the mutual covenants and mutual benefits set forth herein, and
      other good and valuable consideration, the receipt and sufficiency of which is acknowledged, the Company and Executive agree as follows: 

     

    1.          Representations











          and Warranties. Executive represents and warrants to the Company that Executive is not bound by any restrictive covenants or other obligations or commitments of any kind that would in any way prevent, restrict, hinder or interfere with
        Executive’s acceptance of employment under the terms and conditions set forth herein or the performance of all duties and services hereunder to the fullest extent of Executive’s ability and knowledge. Executive understands and acknowledges that
        Executive is not expected or permitted to use or disclose confidential information belonging to any prior employer in the course of performing Executive’s duties for the Company.

     

    2.           Term











          of Employment. As of the Effective Date, the Company will employ Executive and Executive accepts employment by the Company on the terms and conditions herein that shall commence on the Effective Date and shall continue until terminated
        pursuant to Section 5 (the “Employment Period”). Notwithstanding anything set forth in Section 5 and for the avoidance of doubt, Executive’s employment is on an at-will basis, meaning that
        Executive or the Company can terminate Executive’s employment at any time for any reason or no reason, with or without notice. The at-will nature of Executive’s employment cannot be changed except by written agreement signed by Executive and the
        Company.

     

    
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      3.      Duties and Functions.

    

     

    (a)       Executive shall be employed as the Chief Financial Officer (“CFO”)
        and shall report to the Chief Executive Officer/President (the “Supervisor”). Executive’s primary place of employment shall be located at 10355 Science Center Drive, Suite 150, San Diego,
        California 92121 (“Primary Place of Employment”). Notwithstanding the foregoing, (i) Executive must obtain advance written approval from Executive’s Supervisor if Executive desires to move
        Executive’s Primary Place of Employment to a different state, (ii) the Company and Executive shall periodically reevaluate Executive’s Primary Place of Employment, and (iii) the Company and Executive shall reevaluate Executive’s Primary Place of
        Employment if circumstances change, including if the COVID-19 pandemic materially changes or ends. Notwithstanding the foregoing,

     

     Executive agrees that, as a result of these periodic evaluations or changes in circumstance, the Company may request that Executive consent to work primarily or
      partially from the Company’s facilities, which consent may not be unreasonably withheld.

     

    (b)         Executive agrees to undertake the duties and responsibilities inherent in the positions of CFO, which may encompass
        different or additional duties as may, from time to time, be assigned by Executive’s Supervisor, or the Supervisor’s designee, and the duties and responsibilities undertaken by Executive may be altered or modified from time to time by Supervisor,
        or by the Supervisor’s designee. Executive’s duties shall include but not be limited to those duties set forth on Addendum A. Executive agrees to abide by the rules, regulations, instructions, personnel practices and policies of the Company
        and any change thereof which may be adopted at any time by the Company. Notwithstanding the foregoing, during the COVID-19 pandemic, business related travel will be subject to the Supervisor’s and Executive’s good faith determination that business
        related travel is necessary. All applicable COVID-19 travel restrictions, state, local and federal health and safety guidelines, and Company policies should be considered in connection with any travel activities.

     

    (c)          During the Employment Period, Executive will devote Executive’s full time and efforts to the business of the Company and
        will not, without the consent of the Company, engage in consulting work or any trade or business for Executive’s own account or for or on behalf of any other person, firm or corporation that competes, conflicts or interferes with the performance of
        Executive’s duties hereunder in any way.

     

    
      4.          Compensation.

    

     

    (a)          Base Salary: As compensation for Executive’s services hereunder, the Company agrees to pay Executive a base salary
        at an annual rate of Four-Hundred fifteen thousand dollars ($415,000), payable in accordance with the Company’s normal payroll schedule, but in no event less frequently than monthly. Executive’s base salary shall be reviewed periodically by the
        Board or the Compensation Committee thereof and subject to increase in the Board’s and/or the Compensation Committee’s sole discretion.

     

      

    
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    (b)          Bonus: Beginning with calendar year 2022, Executive shall be eligible to receive an annual cash bonus award in an
        amount up to a target of forty percent (40%) of Executive’s base salary upon achievement of agreed to reasonable performance targets. Such performance targets shall be based in part upon performance of the Company, and in part on Executive’s
        individual performance. The bonus shall be determined by the Board or the Compensation Committee thereof in its sole discretion and paid annually by March 15 of the year following the performance year on which such bonus is based. Except as
        contemplated by Section 5(c)(i) below, Executive’s receipt of the bonus, if any, is conditioned on Executive’s continued employment in good standing as of the date on which such bonus is paid, and any such bonus will not be considered earned until
        such payment date. Executive’s bonus opportunity shall be reviewed annually by the Board or the Compensation Committee thereof and subject to adjustment to reflect Executive’s performance in the Board’s and/or the Compensation Committee’s sole
        discretion. Executive’s bonus for 2022 shall be prorated for the number of days of employment in calendar year 2022 from the Effective Date.

     

    
      (c)      Equity Compensation:

    

     

    (i)         On the Effective Date, in accordance with the employment inducement grant rules set forth in NASDAQ Stock Market Rule
        5635(c)(4), Executive shall be granted an equity award covering the Company’s common stock (collectively, the “Grant”).

     

    (ii)       The Company shall grant Executive a time-based nonqualified stock option grant (the “Option Grant”) covering 664,800 shares of the Company’s common stock. The per share exercise price of the Option Grant shall equal the closing price of a share of the Company’s common stock on the grant date. The
        Option Grant shall vest as to twenty-five percent of the shares covered thereby on the first anniversary of the Effective Date, and 1/36 of the remaining shares covered thereby on each monthly anniversary of the Effective Date thereafter, in each
        case subject to Executive’s continued employment with the Company through the relevant vesting date.

     

    (iii)      All other terms and conditions of the Option Grant shall be the same as the Company’s standard forms of grant agreements.
        The Option Grant is intended to constitute an “employment inducement grant” in accordance with the employment inducement grant rules set forth in NASDAQ Stock Market Rule 5635(c)(4), and are offered as an inducement material to Executive in
        connection with the Company’s hiring of Executive.

     

    (iv)       Executive shall be eligible to receive an equity award under the applicable equity incentive plan of the Company as then in
        effect, as determined by the Compensation Committee based on Executive’s performance.

     

    (d)       Other Expenses: In addition to the compensation provided for above, the Company agrees to pay or to reimburse
        Executive during Executive’s employment for all reasonable, ordinary and necessary, properly documented, business expenses incurred in the performance of Executive’s services hereunder in accordance with Company policy in effect from time to time;
        provided, however, that the amount available to Executive for such travel, entertainment and other expenses may require advance approval from his Supervisor. Executive shall submit vouchers and receipts for all expenses for which reimbursement is
        sought. Notwithstanding any expense reimbursement policy of the Company that may then be in effect, Executive shall be entitled to reimbursement without advance approval by Executive’s Supervisor of the costs of (i) up to 2 professional conferences
        up to a total amount of $5,000 annually and (ii) all flights, which, when possible, shall be business class or better for all flights for Company travel over four hours in length. Executive shall also receive $50/month for costs associated with
        using Executive’s mobile device and home internet for business purposes pursuant to the Company’s Mobile Phone and Home Internet Policy. 

     

    
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    (e)         Paid Time Off and Paid Holidays: Executive shall be entitled to paid time off in accordance with the Company’s
        policies, as in effect from time to time. Executive is eligible for flexible paid time off under the Company’s current policies.

     

    In addition to the enumerated paid Company holidays, Executive shall also be entitled to up to seven (7) paid floating holidays per calendar year.
      Unused floating holidays can carry over from calendar year to calendar year up to a maximum of ten (10) floating holidays and shall be paid out upon separation of employment as required under applicable law. Once the 10-day floating holiday cap is
      reached, the Employee shall not be given any paid floating holidays until some are used.

     

    Executive may also be entitled to additional paid or unpaid leave under Company policy and applicable law.

     

    (f)          Fringe Benefits. In addition to Executive’s compensation provided by the foregoing, Executive shall be entitled to
        all benefits available generally to Company employees pursuant to Company programs which may now or, if not terminated, shall hereafter be in effect, or that may be established by the Company, as and to the extent any such programs are or may from
        time to time be in effect, as determined by the Company and the terms hereof, subject to the applicable terms and conditions of the benefit plans in effect at that time. Nothing herein shall affect the Company’s ability to modify, alter, terminate
        or otherwise change any benefit plan it has in effect at any given time, to the extent permitted by law.

     

    (g)         Reimbursements. With respect to any reimbursement of expenses of Executive, such reimbursement of expenses shall be
        subject to the following conditions: (i) the expenses eligible for reimbursement in one taxable year shall not affect the expenses eligible for reimbursement in any other taxable year; (ii) the reimbursement of an eligible expense shall be made no
        later than the end of the year after the year in which such expense was incurred; and (iii) the right to reimbursement shall not be subject to liquidation or exchange for another benefit.

     

    
      5.          Termination.

       

         

    

    (a)          Termination by Executive. Executive may terminate the employment relationship at any time by giving the Company
        written notice, with such termination taking effect upon written notice of the termination being provided to the Company. If Executive chooses to terminate the employment relationship other than for Good Reason (defined below), Executive will not
        be entitled to and shall not receive any compensation or benefits of any type following the effective date of termination, other than (i) payment of base salary through the last day of employment, (ii) payment for any accrued but unused PTO and
        floating holidays consistent with this agreement and applicable law, (iii) reimbursement for unreimbursed business expenses properly incurred by Executive, which shall be subject to and paid in accordance with the Company’s expense reimbursement
        policy, and (iv) any right to continued benefits required by law or under the Company’s employee benefit plans and vested as of the termination date (the “Accrued Obligations”). If
        Executive terminates the employment relationship for Good Reason (defined below), Executive will be entitled to the Accrued Obligations and the Non-CIC Termination Compensation or CIC Termination Compensation, as applicable and described below,
        subject to the terms, conditions and restrictions set forth in Section 5(c)(ii).

     

    
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    (i)          “Good Reason” means the occurrence of any of the following
        without Executive’s express written consent: (A) a material reduction in Executive’s base salary or target annual bonus (in other words, a reduction of more than ten percent (10%) of Executive’s base salary or target annual bonus in any one year),
        in each case set forth in Section 4; (B) a relocation of Executive to a facility or location that is more than fifty (50) miles from Executive’s Primary Place of Employment as of the Effective Date and represents a material increase in Executive’s
        commuting distance; (C) a material diminution in Executive’s authority, position, duties, or responsibilities individually or taken as a whole and including any such diminution that takes place following a Change in Control; or (D) a material
        breach by the Company of the terms of this Agreement or any other agreement between the Company and Executive; provided, that no such event described above will constitute Good Reason unless: (x) Executive gives notice to the Company specifying the
        condition or event relied upon for such termination within sixty (60) days of the initial existence of such event; and (y) the Company fails to cure the condition or event constituting Good Reason within thirty (30) days following receipt of such
        notice (the “Cure Period”). If the Company fails to remedy the condition constituting Good Reason during the applicable Cure Period, Executive’s termination of employment must occur, if at
        all, within ninety (90) days following the last day of such Cure Period in order for such termination as a result of such condition to constitute a termination for Good Reason. For purposes of this Agreement, “Change in Control” means as defined in
        the Company’s 2021 Inducement Stock Incentive Plan.

     

    
      (b)       Termination by Company for Cause.

    

     

    (i)        At any time during the Employment Period, the Company may terminate Executive’s employment for Cause (defined below), with
        such termination taking effect upon the later of written notice of the termination for Cause being provided to Executive or the expiration of any applicable cure period related thereto (provided that Executive may be relieved from his duties
        hereunder during such cure period in the reasonable direction of the Board). If Executive’s employment is terminated for Cause, Executive will not be entitled to and shall not receive any compensation or benefits of any type following the effective
        date of termination, other than the Accrued Obligations, and shall forfeit the Option Grant, whether vested or unvested.

     

    (ii)      “Cause” shall be defined as: (A) in connection with Executive’s
        services hereunder, Executive commits a material act of fraud or material act of dishonesty with respect to the Company, which act causes (or could reasonably be expected to cause) material economic or material reputational harm to the Company; (B)
        Executive is convicted of (or pleads guilty or nolo contendere to) a felony or a crime involving moral turpitude, which demonstrably causes material economic or material reputational harm to the Company; (C) Executive engages in negligence or
        willful misconduct in the performance of his duties hereunder that materially violates the Company’s policies and which misconduct causes (or could reasonably be expected to cause) material economic or material reputational harm to the Company; (D)
        Executive willfully refuses to follow the lawful written directions of his Supervisor, the Supervisor’s designee, or the Board; (E) Executive materially breaches any material provision of any proprietary information and inventions agreement with
        the Company; or (F) Executive breaches any Restrictive Covenant as defined in Section 5(c)(ii). Notwithstanding Section 5(b)(ii)(D), if Executive refuses to follow the Company’s request that Executive work primarily or partially from the Company’s
        facilities or another location, such refusal will only give the Company Cause to terminate the Executive if the facilities are located 50 miles or less from Executive’s Primary Place of Employment as of the Effective Date and represents a
        material increase in Executive’s commuting distance. Notwithstanding anything in this Agreement or elsewhere to the contrary, if an event or occurrence that is alleged to constitute Cause is curable (as determined by the Board in good faith), the
        Company may terminate Executive’s employment for Cause only if (x) the Company gives Executive notice of termination prior to the termination and within thirty (30) days after the Board learns of the event or occurrence that is alleged to
        constitute Cause, specifying the grounds upon which Cause is alleged, (y) Executive fails to cure such grounds for Cause within thirty (30) days after Executive receives such notice, and (z) the termination occurs within sixty (60) days after such
        event or occurrence. For purposes of this Agreement, no act or failure to act, on Executive’s part, will be considered “willful” unless it is done, or omitted to be done, by Executive in bad faith or without reasonable belief that Executive’s
        action or omission was in the best interests of the Company.

     

    
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      (c)       Termination by Company Without Cause.

    

     

       

    (i)        The Company may terminate Executive without Cause immediately by giving Executive written notice of such termination. Subject to the
      conditions set forth in Section 5(c)(ii), if Executive’s employment is terminated by the Company without Cause, in addition to the Accrued Obligations, Executive shall be entitled to (i) continued base salary for nine (9) months following date of
      such termination (the “Severance Period”) paid pursuant to the Company's normal payroll practices; and (ii) if Executive and/or Executive’s covered dependents timely elect(s) to receive
      health care continuation coverage pursuant to COBRA, the total monthly cost of coverage for Executive (and such covered dependents) during the Severance Period, provided, for the avoidance of doubt, that such covered dependents participated in the
      Company’s health plans prior to such termination, and provided, further, that if at any time the Company determines that its payment of Executive’s (or Executive’s eligible dependents’) premiums would result in a violation of law, then in lieu of
      providing the premiums described above, the Company will instead pay Executive a fully taxable monthly cash payment in an amount equal to the applicable premiums for such month, with such monthly payment being made on the last day of each month for
      the remainder of the Severance Period (together, the “Non-CIC Termination Compensation”). Notwithstanding the foregoing, if Executive’s employment is terminated by the Company without Cause
      or by Executive for Good Reason, in each case during the ninety (90) days prior to or twelve (12) month period following a Change in Control, (i) the Executive shall receive the Non-CIC Termination Compensation as described above except that the
      Severance Period shall equal twelve (12) months in lieu of nine (9) months, (ii) Executive shall receive a lump-sum payment of Executive’s target annual bonus and (iii) Executive shall become fully vested in the Option Grant (together, the “CIC Termination Compensation”). The Non-CIC Termination Compensation and the CIC Termination Compensation shall, as applicable and in each case, be subject to the terms, conditions and
      restrictions set forth below in Section 5(c)(ii).

     

    
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    (ii)       Executive shall not be entitled to any Non-CIC Termination Compensation or CIC Termination Compensation unless (A) Executive
        complies with all surviving provisions of any non-competition agreement, non-solicitation agreement, or confidentiality agreement or invention assignment agreement signed by Executive, including those contained in this Agreement (the “Restrictive Covenants”) and (B) Executive executes and delivers to the Company, and does not revoke a separation agreement and general release in form and substance reasonably acceptable to
        the Company within thirty (30) days after Executive’s separation date, by which Executive releases the Company from any obligations and liabilities of any type whatsoever, except for the Company’s obligations with respect to, as applicable, the
        Non- CIC Termination Compensation or the CIC Termination Compensation (the “Release”). Such Release shall not affect Executive’s right to indemnification, if any, for actions taken within
        the scope of Executive’s employment. The Non-CIC Termination Compensation or the CIC Termination Compensation, as applicable, shall begin, or if lump-sum, be paid on the first payroll following the Release becoming irrevocable; provided, however,
        if the thirty (30) day period during which Executive has discretion to execute or revoke the Release straddles two taxable years of Executive, then the Company shall pay the Non-CIC Termination Compensation or the CIC Termination Compensation, as
        applicable, starting in the second of such taxable years, regardless of which taxable year Executive actually delivers the executed Release to the Company. The Parties hereto acknowledge that the Non-CIC Termination Compensation and the CIC
        Termination Compensation, as applicable, to be provided under Section 5(c)(i) is to be provided in consideration for the above-specified Release. If Executive breaches any of the Restrictive Covenants at any time during the Severance Period, (1)
        the Company will have no further obligation to pay Executive any unpaid Non-CIC Termination Compensation or CIC Termination Compensation, as applicable, (2) Executive must repay any portion of the Non-CIC Termination Compensation or the CIC
        Termination Compensation, as applicable, already paid to him, to the extent permitted by law, and (3) the Company may take any additional action to enforce its rights under the Restrictive Covenants. Finally, if Executive becomes employed during
        the Severance Period, Executive will only be entitled to receive an amount equal to the difference between his new base salary and his continued base salary from the Company. He will not be entitled to his continued base salary from the Company if
        his new base salary is equal to or exceeds his continued base salary from the Company.

     

    (iii)    Disqualification for Other Severance. The Non-CIC Termination Compensation and the CIC Termination Compensation
        described in this Section 5(c) is intended to supersede any other similar compensation provided by any Company policy, plan or practice. Therefore, Executive shall be disqualified from receiving any similar compensation under any other Company
        severance policy, plan or practice, if any. Notwithstanding the foregoing, Executive shall continue to be eligible for any benefits pursuant to the terms of any health or retirement plan sponsored by the Company, subject to and in accordance with
        the terms of the applicable plan.

     

    (d)         Termination for Executive’s Permanent Disability. To the extent permissible under applicable law, in the event
        Executive becomes permanently disabled during employment with the Company, the Company may terminate this Agreement by giving thirty (30) days' notice to Executive of its intent to terminate, and unless Executive resumes performance of the duties
        set forth in Section 3 within five (5) days of the date of the notice and continues performance for the remainder of the notice period, this Agreement shall terminate at the end of the thirty (30) day period. For purposes of this Agreement,
        “permanently disabled” shall mean if Executive is considered totally disabled under any group disability plan maintained by the Company and in effect at that time, or in the absence of any such plan, under applicable Social Security regulations, to
        the extent not inconsistent with applicable law. In the event of any dispute under this Section 5(d), Executive shall submit to a physical examination by a licensed physician mutually satisfactory to the Company and Executive, the cost of such
        examination to be paid by the Company, and the determination of such physician shall be determinative. In the event the Executive is terminated pursuant to this Section 5(d), Executive will be entitled to the Accrued Obligations and the Non-CIC
        Termination Compensation, subject to the terms, conditions and restrictions set forth in Section 5(c)(ii).

     

    
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    (e)        Termination Due to Executive’s Death. This Agreement will terminate immediately upon Executive’s death and the
        Company shall not have any further liability or obligation to Executive, Executive’s executors, heirs, assigns or any other person claiming under or through Executive’s estate, except that Executive’s estate shall receive any Accrued Obligations.
        In addition, Executive’s estate shall be entitled to accelerated vesting of the portion of the Option Grant that would have otherwise vested during the nine (9) month period following such termination.

    

       

    (f)      Continuing Obligations. The obligations imposed on Executive with respect to the surviving non-competition,
        non-solicitation, confidentiality, non-disclosure and assignment of rights to inventions or developments in this Agreement or any other agreement executed by the Parties shall continue, notwithstanding the termination of the employment relationship
        between the Parties and regardless of the reason for such termination.

     

    6.          Company










          Property. All correspondence, records, documents, software, promotional materials, and other Company property, including all copies, which come into Executive’s possession by, through or in the course of Executive’s employment, regardless
        of the source and whether created by Executive, are the sole and exclusive property of the Company, and immediately upon the termination of Executive’s employment, or at any time the Company shall request, Executive shall return to the Company all
        such property of the Company, without retaining any copies, summaries or excerpts of any kind or in any format whatsoever. Executive shall not destroy any Company property, such as by deleting electronic mail or other files, other than in the
        normal course of Executive’s employment. Executive further agrees that should Executive discover any Company property or Confidential Information in Executive’s possession after the return of such property has been requested, Executive agrees to
        return it promptly to Company without retaining copies, summaries or excerpts of any kind or in any format whatsoever.

     

    
      7.           Non-Competition and Non-Solicitation.

    

     

    (a)          Executive agrees and acknowledges that, in connection with Executive’s employment with the Company, Executive will be
        provided with access to and become familiar with confidential and proprietary information and trade secrets belonging to the Company and its affiliates. Accordingly, in consideration of Executive’s employment with the Company pursuant to this
        Agreement, and other good and valuable consideration, the receipt of which is hereby acknowledged, Executive agrees that, while Executive is in the employ of the Company and/or any of its affiliates, Executive shall not, either on Executive’s own
        behalf or on behalf of any third party, except on behalf of the Company or one of its affiliates, directly or indirectly:

     

    (i)          engage directly or indirectly in the Business (as defined below) anywhere in the Restricted
        Territory (as defined below) or directly or indirectly be or become an officer, director, stockholder, owner, affiliate, partner, member, investor, joint venture, employee, agent, representative, consultant, lender, advisor, manager of, for or to,
        or otherwise be or become associated with or acquire or hold (of record, beneficially or otherwise) any direct or indirect interest in, any business or enterprise engaged directly or indirectly in the Business (as defined below) anywhere in the
        Restricted Territory (as defined below). As used herein, (A) the term “Business” shall mean the business of development and manufacturing of a cytokine immunotherapy (related to or derived
        from human source material) for cancer treatment and RNA based gene therapy and editing of MSC, HSC, TILs, T-Cells, and in vivo and (B) the term “Restricted Territory” shall mean
        worldwide. The foregoing restriction shall not be construed to prohibit the ownership by Executive as a passive investment of shares of capital stock of a publicly- held corporation that engages in the Business
        if (x) such shares are actively traded on an established national securities market in the United States or any other foreign securities exchange, (y) the number of shares of such corporation’s capital stock that are owned beneficially (directly or
        indirectly) by Executive and the number of shares of such corporation’s capital stock that are owned beneficially (directly or indirectly) by Executive’s affiliates collectively represent less than one percent (1%) of the total number of shares of
        such corporation’s capital stock outstanding, and (z) neither Executive nor any affiliate of Executive is otherwise associated directly or indirectly with such corporation or with any affiliate of such
          corporation; or

     

      

    
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    (ii)          attempt in any manner to solicit, induce or attempt to induce any business, enterprise, or individual who has a business
        relationship with the Company (including any customer, licensee, supplier, manufacturer or vendor) (x) to cease doing business with the Company or any of its affiliates, (y) to diminish or materially alter in a manner harmful to the Company or any
        of its affiliates, or any of their affiliates such business, enterprise, or individual’s relationship with the Company or any of its affiliates, or (z) to purchase, contract for or receive any products or services from any business or enterprise
        (other than the Company or any of its affiliates) that engages in the Business anywhere within the Restricted Territory.

     

    (b)          Executive agrees and acknowledges that for one (1) year period following the end of Executive’s employment for any reason,
        Executive shall not, either on Executive’s own behalf or on behalf of any third party (A) directly or indirectly hire any employee, independent contractor, or consultant or any person who was an employee, independent contractor, or consultant of
        the Company within the preceding six (6) months, or (B) directly or indirectly encourage, induce, attempt to induce, solicit or attempt to solicit (on Executive’s own behalf or on behalf of any other business, enterprise, or individual) any
        employee, independent contractor, or consultant to leave or curtail his or her employment or engagement with the Company or any of its affiliates; provided, however, that notwithstanding the foregoing, this Section 7(b) shall not prevent Executive
        from undertaking general solicitations of employment not targeted at employees, independent contractors, or consultants of the Company or any of its affiliates (so long as Executive does not, directly or indirectly, hire any such employee,
        independent contractor, or consultant). If, during the one (1) year period following the end of Executive’s employment for any reason, Executive wishes to directly or indirectly hire a consultant or any person who was a consultant of the Company
        within the preceding six (6) months, Executive must seek written permission from the Company’s CEO, which permission will not be unreasonably withheld.

     

    (c)          The Parties agree that the relevant public policy aspects of post-employment restrictive covenants have been discussed, and
        that every effort has been made to limit the restrictions placed upon Executive to those that are reasonable and necessary to protect the Company’s legitimate interests. Executive acknowledges that, based upon Executive’s education, experience, and
        training, the restrictions set forth in this Section 7 will not prevent Executive from earning a livelihood and supporting Executive and Executive’s family during the relevant time period. Executive further acknowledges that, because the Company
        markets its products and services throughout the Restricted Territory, a more narrow geographic limitation on the restrictive covenants set forth above would not adequately protect the Company’s legitimate business interests.

     

      

    
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    (d)       If any restriction set forth in this Section 7 is found by any court of competent jurisdiction or arbitrator to be
        unenforceable because it extends for too long a period of time or over too great a range of activities or geographic area, it shall be interpreted to extend over the maximum period of time, range of activities or geographic area as to which it may
        be enforceable.

     

    (e)          The restrictions contained in Section 7 are necessary for the protection of the business and goodwill of the Company and/or
        its affiliates and are considered by Executive to be reasonable for such purposes. Executive agrees that any material breach of Section 7 will result in irreparable harm and damage to the Company and/or its affiliates that cannot be adequately
        compensated by a monetary award. Accordingly, it is expressly agreed that in addition to all other remedies available at law or in equity (including, without limitation, money damages from Executive), the Company and/or such affiliate may be
        entitled to a temporary restraining order, preliminary injunction or such other form of injunctive or equitable relief as may be issued by any court of competent jurisdiction or arbitrator, based on the discretion of the judge or arbitrator, to
        restrain or enjoin Executive from breaching any such covenant or provision or to specifically enforce the provisions hereof, without the need to post any bond or other security.

     

    (f)          The existence of a claim, charge, or cause of action by Executive against the Company shall not constitute a defense to the
        enforcement by the Company of the foregoing restrictive covenants.

     

    (g)          The provisions of this Section 7 shall apply regardless of the reason for the termination of Executive’s employment.

     

    8.          Non-Circumvention/Non-Interference.










        Executive acknowledges and agrees that during the Employment Period, other than acting on behalf of the Company in his capacity as an employee of the Company, Executive shall not, and shall not authorize or permit any of Executive’s
        Representatives to, directly or indirectly, interfere, discuss, contact, initiate, or engage, encourage, solicit, initiate, facilitate or continue inquiries to any third parties concerning any business opportunities related to the Company. It is
        understood that, during the Employment Period, without previous written consent from the Company, the Executive will not enter, either directly or indirectly, into any discussions, solicit or accept offers, enter into any agreements, conduct
        negotiations with or otherwise engage in any other independent communications unrelated to the Company’s business with: any third party to whom Executive was introduced to by any member, shareholder, officer, director, employee, agent, customer,
        supplier, vendor, or other representative of the Company, Factor Bioscience, or Novellus, Inc.; any third party to whom Executive was informed of by any member, shareholder, officer, director, employee, agent, customer, supplier, vendor, or other
        representative of Company, Factor Bioscience, or Novellus, Inc. or any employee, financial partner, investor, contractor of the Company. For purposes of this Agreement, "Representatives" means, as to Company, its affiliates, and respective
        consultants (including attorneys, financial advisors and accountants). Further, after termination of Executive’s employment with the Company, Executive will not take any action or omit to take an action intended to interfere with existing
        contractual and or business relationships with the Company in a manner prohibited by law.

     

    
      10

      
        


    

    
      9.          Protection of Confidential Information.

    

     

    (a)          Executive agrees that all information, whether or not in writing, relating to the business, technical or financial affairs
        of the Company and that is generally understood in the industry as being confidential and/or proprietary information, is the exclusive property of the Company. Executive agrees to hold in a fiduciary capacity for the sole benefit of the Company all
        secret, confidential and/or proprietary information, knowledge, and data, including trade secrets, relating to the Company or any of its affiliates obtained during Executive’s employment with the Company or any of its predecessors or affiliates,
        including but not limited to any trade secrets, confidential or secret designs, website technologies, content, processes, formulae, plans, manuals, devices, machines, know-how (including without limitation the manufacturing of IRX-2), methods,
        compositions, ideas, improvements, financial and marketing information, costs, pricing, sales, sales volume, salaries, methods and proposals, customer and prospective customer lists, customer identities, customer volume, or customer contact
        information, identity of key personnel in the employ of customers and prospective customers, amount or kind of customer’s purchases from the Companies or their affiliates, manufacturer lists, manufacturer identities, manufacturer volume, or
        manufacturer contact information, identity of key personnel in the employ of manufacturers, amount or kind of the Companies’ or their affiliates’ purchases from manufacturers, system documentation, hardware, engineering and configuration
        information, computer programs, source and object codes (whether or not patented, patentable, copyrighted or copyrightable), related software development information, inventions or other confidential or proprietary information (including without
        limitation information relating to IRX-2 and its intellectual property that has not yet issued) belonging to the Companies or their affiliates or directly or indirectly relating to the Companies’ or their affiliates’ business and affairs (“Confidential Information”). Executive agrees that Executive will not at any time, either during the Employment Period or the Confidentiality Period (as defined below), disclose to anyone any
        Confidential Information, or utilize such Confidential Information for Executive’s own benefit, or for the benefit of third parties without written approval by an officer of the Company. For purposes of this section, the “Confidentiality Period” means so long as such information, data, or material remains confidential. Executive further agrees that all memoranda, notes, records, data, schematics, sketches, computer programs,
        prototypes, or written, photographic, magnetic or other documents or tangible objects compiled by Executive or made available to Executive during the Employment Period concerning the business of the Company and/or its clients, including any copies
        of such materials, shall be the property of the Company and shall be delivered to the Company on the termination of Executive’s employment, or at any other time upon request of the Company.

     

    (b)          In the event Executive is questioned by anyone not employed by the Company or by an employee of or a consultant to the
        Company not authorized to receive such information, in regard to any Confidential Information or any other secret or confidential work of the Company, or concerning any fact or circumstance relating thereto, or in the event that Executive becomes
        aware of the unauthorized use of Confidential Information by any party, whether competitive with the Company or not, Executive will promptly notify an executive officer of the Company.

     

    
      11

      
        


    

    (c)          Court-Ordered Disclosure. In the event that, at any time during Executive’s employment with the Company or at any
        time thereafter, Executive receives a request to disclose any Confidential Information under the terms of a subpoena or order issued by a court or by a governmental body, Executive agrees to notify the Company immediately of the existence, terms,
        and circumstances surrounding such request, to consult with the Company on the advisability of taking legally available steps to resist or narrow such request; and, if disclosure of such Confidential Information is required to prevent Executive
        from being held in contempt or subject to other penalty, to furnish only such portion of the Confidential Information as, in the written opinion of counsel satisfactory to the Company, Executive is legally compelled to disclose, and to exercise
        Executive’s best efforts to obtain an order or other reliable assurance that confidential treatment will be accorded to the disclosed Confidential Information.

     

    (d)          Defend Trade Secrets Act. Pursuant to the Defend Trade Secrets Act of 2016, Executive acknowledges that Executive
        shall not have criminal or civil liability under any federal or state trade secret law for the disclosure of a trade secret that (A) is made (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to
        an attorney and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. In addition,
      if Executive files a demand for arbitration alleging retaliation by the Company for reporting a suspected violation of law, Executive may disclose the trade secret to Executive’s attorney and may use the trade secret information in the arbitration
      proceeding, if Executive (X) files any document containing the trade secret under seal and (Y) does not disclose the trade secret, except pursuant to an order of the arbitrator. 

     

    
      10.          Intellectual Property.

    

     

    (a)        Disclosure of Inventions. Executive will promptly disclose in confidence to the Company all inventions, improvements,
        processes, products, designs, original works of authorship, formulas, processes, compositions of matter, computer software programs, Internet products and services, e-commerce products and services, e-entertainment products and services, databases,
        mask works, trade secrets, product improvements, product ideas, new products, discoveries, methods, software, uniform resource locators or proposed uniform resource locators (“URLs”),
        domain names or proposed domain names, any trade names, trademarks or slogans, which may or may not be subject to or able to be patented, copyrighted, registered, or otherwise protected by law (the “Inventions”) that Executive makes, conceives or first reduces to practice or creates, either alone or jointly with others, during the Employment Period, whether or not in the course of Executive’s employment (i) that result from
        any work performed by the Executive for the Company; (ii) that are developed from using the Company's equipment, supplies, facilities or trade secret information; or (iii) that relate at the time of conception or reduction to practice of the
        invention to the Company's business, or actual or demonstrably anticipated research or development of the Company. The requirements of this Section 10(a) shall not apply to any Inventions that qualify fully under the provisions of California Labor
        Code section 2870 (the terms of which are set forth on Addendum B to this Agreement), specifically, any Invention that Executive developed entirely on Executive’s own time without using the Employer’s equipment, supplies, facilities, or
        trade secret information except for those Inventions that either (i) relate at the time of conception or reduction to practice of the Invention to the Employer’s business, or Employer’s actual or demonstrably anticipated research or development; or
        (ii) result from any work performed by Executive for Employer. Executive shall bear the full burden of proving to the Employer that an Invention qualifies fully under California Labor Code section 2870. The foregoing requirements of Section 10(a)
        apply, and whether or not such Inventions are patentable, copyrightable or able to be protected as trade secrets, or otherwise able to be registered or protected by law. Executive has provided a list of prior Inventions as Addendum C, which
        will not be subject to the provisions of this Section 10.

     

    
      12

      
        


    

    (b)          Assignment of Company Inventions; Work for Hire. Executive agrees that all Inventions that (i) are developed using
        equipment, supplies, facilities or trade secrets of the Company, (ii) result from work performed by Executive for the Company, or (iii) relate to the Company’s business or current or anticipated research and development (the “Company Inventions”), will be the sole and exclusive property of the Company and the Executive hereby agrees to irrevocably assign to the Company any such Company Inventions. Executive further
        acknowledges and agrees that any copyrightable works prepared by Executive within the scope of Executive’s employment are “works for hire” under the Copyright Act and that the Company will be considered the author and owner of such copyrightable
        works from the moment of their creation and fixation in tangible media.

     

    (c)         Assignment of Other Rights. In addition to the foregoing assignment of Company Inventions to the Company, Executive
        hereby irrevocably transfers and assigns to the Company: (i) all worldwide patents, patent applications, copyrights, mask works, trade secrets and other intellectual property rights in any Company Invention; and (ii) any and all “Moral Rights” (as
        defined below) that Executive may have in or with respect to any Company Invention. Executive also hereby forever waives and agrees never to assert any and all Moral Rights Executive may have in or with respect to any Company Invention, even after
        termination of Executive’s work on behalf of the Company. “Moral Rights” means any rights to claim authorship of an Company Invention, to object to or prevent the modification of any
        Company Invention, or to withdraw from circulation or control the publication or distribution of any Company Invention, and any similar right, existing under judicial or statutory law of any country in the world, or under any treaty, regardless of
        whether or not such right is denominated or generally referred to as a “moral right.”

     

    (d)          Assistance. Executive agrees to assist the Company in every proper way to obtain for the Company and enforce
        patents, copyrights, mask work rights, trade secret rights and other legal protections for the Company Inventions in any and all countries. Executive will execute any documents that the Company may reasonably request for use in obtaining or
        enforcing such patents, copyrights, mask work rights, trade secrets and other legal protections. Executive’s obligations under this section will continue beyond the termination of Executive’s employment with the Company, provided that the Company
        will compensate Executive at a reasonable rate after such termination for time or expenses actually spent by Executive at the Company’s request on such assistance. Executive appoints the Secretary of the Company as Executive’s attorney-in- fact to
        execute documents on Executive’s behalf for this purpose.

     

    11.        Publicity; Non-disparagement. Neither Party shall issue, without consent of the other Party, any press release or make any public announcement with respect to this Agreement or the employment relationship between them, or the ending of
        such relationship. Following the date of this Agreement and regardless of any dispute that may arise in the future, Executive agrees that Executive will not disparage, criticize or make statements which are negative, detrimental or injurious to
        Company or any of its affiliates, or any of their affiliates to any individual, company or client, including within the Company, and the Company agrees that Company employees at the Vice President level or above will not make statements on the
        Company’s behalf that disparage, criticize or make statements which are negative, detrimental or injurious to Executive. This Section 11 does not, in any way, restrict or impede the parties hereto from exercising protected rights to the
        extent that such rights cannot be waived by agreement or from complying with any applicable law or regulation or a valid order of a court of competent jurisdiction or an authorized government agency, provided that such compliance does not exceed
        that required by the law, regulation, or order. Nothing contained herein shall prevent anyone bound by this Section 11 from providing true testimony to the extent required within any legal proceeding (or in any discovery in connection therewith) or
        investigation by a governmental authority.

     

    
      13

      
        


    

    12.          Binding










          Agreement. This Agreement shall be binding upon and inure to the benefit of the Parties hereto, their heirs, personal representatives, successors and assigns. Executive acknowledges and agrees that the Company may, in its sole discretion,
        assign this Agreement (i) to an affiliate of the Company at any time, or (ii) in the event the Company is acquired, is a non-surviving party in a merger, or transfers substantially all of its assets, to the transferee or surviving company, in each
        case without being required to obtain Executive’s consent. The Parties understand that the obligations of Executive are personal and may not be assigned by him.

     

    13.         Entire










          Agreement. This Agreement contains the entire understanding of Executive and the Company with respect to employment of Executive. This Agreement may not be amended, waived, discharged or terminated orally, but only by an instrument in
        writing, specifically identified as an amendment to this Agreement, and signed by all Parties. By entering into this Agreement, Executive certifies and acknowledges that Executive has carefully read all of the provisions of this Agreement and that
        Executive voluntarily and knowingly enters into said Agreement.

     

    14.       Severability.










        Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be deemed severable from the remainder of this Agreement, and the remaining provisions contained in this Agreement shall
        be construed to preserve to the maximum permissible extent the intent and purposes of this Agreement.

    

       

    15.          Tax










          Consequences. If any payment or benefit the Executive would receive pursuant to this Agreement (“Payment”) would (a) constitute a “Parachute Payment” within the meaning of Section 280G of the Code, and (b) but for this sentence, be subject to the excise tax imposed by Section 4999 of the Code (the “Excise
          Tax”), then such Payment shall be equal to the Reduced Amount. The “Reduced Amount” shall be either (i) the largest portion of the Payment that would result in no portion of the
        Payment being subject to the Excise Tax or (ii) the largest portion, up to and including the total of the Payment, whichever amount, after taking into account all applicable federal, state and local employment taxes, income taxes, and the Excise
        Tax (all computed at the highest applicable marginal rate), results in the Executive’s receipt, on an after- tax basis, of the greatest economic benefit notwithstanding that all or some portion of the Payment may be subject to the Excise Tax. If a
        reduction in payments or benefits constituting Parachute Payments is necessary so that the Payment equals the Reduced Amount, reduction shall occur in the manner that results in the greatest economic benefit for Executive to the extent permitted by
        Section 409A of the Code, to the extent applicable, and Section 280G of the Code. Except as otherwise specifically provided in this Agreement, the Company will have no obligation to any person entitled to the benefits of this Agreement with respect
        to any tax obligation any such person incurs as a result of or attributable to this Agreement, including all supplemental agreements and employee benefits plans incorporated by reference therein, or arising from any payments made or to be made
        under this Agreement or thereunder. All determinations under this Section 15 will be made by an actuarial firm, accounting firm, law firm, or consulting firm experienced and generally recognized in 280G
        matters (the “280G Firm”) that is chosen by the Company prior to a change in ownership or control of a corporation (within the meaning of Treasury regulations under Section 280G of the Code). The 280G Firm
        shall be required to evaluate the extent to which payments are exempt from Section 280G as reasonable compensation for services rendered before or after the Change in Control. All fees and expenses of the 280G Firm shall be paid solely by the
        Company or its successor. The Company and Executive shall furnish the tax firm such information and documents as the tax firm may reasonably request in order to make its required determination. The 280G Firm will provide its calculations, together
        with detailed supporting documentation, to the Company and Executive as soon as practicable following its engagement. Any good faith determinations of the 280G Firm made hereunder will be final, binding and conclusive upon the Company and
        Executive.

     

    
      14

      
        


    

    16.         Withholding.










        The Company shall have the right to withhold from any amount payable hereunder any federal, state, local and foreign taxes in order for the Company to satisfy any withholding tax obligation it may have under any applicable law or regulation.
        Notwithstanding any other provision of this Agreement, the Company does not guarantee any particular tax result for Executive with respect to any payment provided to Executive hereunder, and Executive shall be solely responsible for any taxes
        imposed on Executive with respect to any such payment.

     

    
      17.        Section 409A.

    

     

    (a)         This Agreement is intended to comply with, or otherwise be exempt from, Section 409A of the Code and any regulations and
        Treasury guidance promulgated thereunder (“Section 409A of the Code”) and shall be construed and administered in accordance with such intent. Notwithstanding any other provision of this
        Agreement, payments provided under this Agreement may only be made upon an event and in a manner that complies with Section 409A of the Code or an applicable exemption. Any payments under this Agreement that may be excluded from Section 409A of the
        Code either as separation pay due to an involuntary separation from service or as a short-term deferral shall be excluded from Section 409A of the Code to the maximum extent possible. Notwithstanding the foregoing, the Company makes no
        representations that the payments and benefits provided under this Agreement comply with Section 409A of the Code and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be
        incurred by the Executive on account of non-compliance with Section 409A of the Code.

     

    (b)          For purposes of Section 409A of the Code, the right to a series of installment payments under this Agreement shall be
        treated as a right to a series of separate payments. In no event may Executive, directly or indirectly, designate the calendar year of payment.

     

    
      15

      
        


    

    (c)          With respect to any reimbursement of expenses of, or any provision of in- kind benefits to, Executive, as specified under
        this Agreement, such reimbursement of expenses or provision of in-kind benefits shall be subject to the following conditions: (1) the expenses eligible for reimbursement or the amount of in-kind benefits provided in one taxable year shall not
        affect the expenses eligible for reimbursement or the amount of in-kind benefits provided in any other taxable year, except for any medical reimbursement arrangement providing for the reimbursement of expenses referred to in Section 105(b) of the
        Code; (2) the reimbursement of an eligible expense shall be made no later than the end of the year after the year in which such expense was incurred; and (3) the right to reimbursement or in-kind benefits shall not be subject to liquidation or
        exchange for another benefit.

     

    (d)          “Termination of employment,” “resignation,” or words of similar import, as used in this Agreement means, for purposes of
        any payments under this Agreement that are payments of deferred compensation subject to Section 409A of the Code, Executive’s “separation from service” as defined in Section 409A of the Code.

     

    (e)         If a payment obligation under this Agreement arises on account of Executive’s separation from service while Executive is a
        “specified employee” (as defined under Section 409A of the Code and determined in good faith by the Company), any payment of “deferred compensation” (as defined under Treasury Regulation Section 1.409A-1(b)(1), after giving effect to the exemptions
        in Treasury Regulation Sections 1.409A-1(b)(3) through (b)(12)) that is scheduled to be paid within six (6) months after such separation from service shall accrue without interest and shall be paid within fifteen (15) days after the end of the
        six-month period beginning on the date of such separation from service or, if earlier, within fifteen (15) days after the appointment of the personal representative or executor of Executive’s estate following Executive’s death.

     

    18.          Governing










          Law. This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without giving effect to the principles of conflicts of law thereof that would result in the application of the
        laws of any jurisdiction other than the State of Delaware.

     

    19.        Notices.










        Any notice provided for in this Agreement shall be provided in writing. Notices shall be effective from the date of service, if served personally on the Party to whom notice is to be given, or on the second day after mailing, if mailed by
        first class mail, postage prepaid. Notices shall be properly addressed to the Parties at their respective addresses or to such other address as either Party may later specify by notice to the other.

     

    
      16

      
        


    

    
      20.         Dispute Resolution.

    

     

    (a)          Executive and the Company mutually agree that any controversy or claim arising out of or relating to this Agreement or the
        employment relationship between Executive and the Company, including any dispute regarding the scope or enforceability of this arbitration provision, shall be settled by individual arbitration administered by Judicial Arbitration and Mediation
        Services (JAMS) in accordance with the JAMS Employment Arbitration Rules and Procedures in effect as of the date of this Agreement (“JAMS Rules”), to the extent the JAMS Rules are consistent with the terms of this provision. Judgment on the
        award may be entered in any court having jurisdiction thereof. The parties also mutually agree that, except as otherwise required by enforceable law, arbitration shall be the sole and exclusive forum for resolving such disputes (including any
        dispute with the Company, any related parties, and any of their respective employees, officers, owners or agents, who shall be third-party beneficiaries of this provision), and both parties agree that they are hereby waiving any right to have their
        disputes resolved in civil litigation by a court or jury trial, including but not limited to any disputes arising under statutes such as Title VII of the Civil Rights Act, the Age Discrimination in Employment Act, or the California Fair Employment
        and Housing Act. The arbitrator’s decisions on such matters shall be final and binding on the parties to the fullest extent permitted by law. The JAMS Rules are incorporated herein by reference, to the extent they are consistent with the terms of
        this provision, and may be found at available at https://www.jamsadr.com/rules-employment-arbitration/. The place of arbitration shall be San Diego County, California or an alternate location selected by the parties. Any arbitration hereunder shall
        be conducted only on an individual basis and not in a class, consolidated, or representative action. The Company shall pay the administrative costs and fees directly related to the arbitration, including the fees of the arbitrator. Each party shall
        otherwise bear its own respective attorneys’ fees and costs, including the costs of any depositions or for expert witnesses, unless any applicable law provides otherwise to the prevailing party, in which case the arbitrator shall have the authority
        to award costs and attorneys’ fees to the prevailing party in accordance with the applicable law. Neither a party nor the arbitrator may disclose the existence, content, or results of any arbitration hereunder without the prior written consent of
        both parties, unless otherwise provided by law. The parties’ agreement to arbitrate does not apply to claims that, pursuant to applicable law, cannot be subject to mandatory arbitration, including claims under the Private Attorney General Act;
        provided that, in the event of a dispute regarding whether, or the extent to which, any dispute is subject to arbitration, the parties agree that no underlying dispute or any facts regarding such dispute shall be submitted to a court until and
        unless a declaratory judgment is issued by the duly appointed arbitrator that allows a dispute to proceed in court based on a claim by a party that this arbitration provision is unenforceable as a matter of law as to an asserted claim. Moreover,
        nothing in this Agreement prevents Executive from filing or prosecuting a charge with any government agency (such as the Equal Employment Opportunity Commission, or the California Department of Fair Employment and Housing) over which such agency
        has jurisdiction, or from participating in an investigation or proceeding conducted by any such agency. Any matter required to be arbitrated under this Section 20 shall be submitted to mediation in a manner agreed to by Executive and the Company.
        Executive and the Company agree to use mediation to attempt to resolve any such matter prior to filing for arbitration. Executive and the Company will select a mediator agreeable to both parties. The costs of the mediation and fees of the mediator
        will be borne entirely by the Company.

     

    BY AGREEING TO ARBITRATION, THE PARTIES ACKNOWLEDGE THAT THEY WAIVE THE RIGHT TO BRING AND/OR PARTICIPATE IN ANY CLASS OR
      COLLECTIVE ACTION. THE ARBITRATOR SHALL HAVE NO POWER TO ARBITRATE ANY CLASS AND/OR COLLECTIVE CLAIMS. BY AGREEING TO ARBITRATION, THE PARTIES ACKNOWLEDGE THAT THEY ARE WAIVING THEIR STATUTORY AND COMMON LAW RIGHTS TO SEEK RELIEF IN A COURT OF LAW
      AND ARE WAIVING THEIR RIGHTS TO A TRIAL BY JURY.

     

    (b)          Notwithstanding the provisions of Section 20(a), the Parties further acknowledge and agree that, due to the nature of the
        confidential information, trade secrets, and intellectual property belonging to the Company to which Executive has or will be given access, and the likelihood of significant harm that the Company would suffer in the event that such information was
        disclosed to third parties, the Company shall have the right to file suit in a court of competent jurisdiction to seek injunctive relief to prevent Executive from violating the obligations established in Sections 7, 8, 9 or 10 of this Agreement
        without first submitting the claim, controversy, or dispute to JAMS mediation or arbitration.

    

    

    
      17

      
        


    

    21.        Indemnification.










        The Company shall indemnify and hold harmless Executive for any liability to any third-party incurred by reason of any act or omission performed by Executive while acting in good faith on behalf of the Company and within the scope of the
        authority of Executive pursuant to this Agreement and under the rules and policies of the Company, except that Executive must have in good faith believed that such action was in the best interest of the Company and such course of action or inaction
        must not have constituted gross negligence, fraud, willful misconduct, or breach of a fiduciary duty.

     

    
      22.         Miscellaneous.

    

     

    (a)       Compensation Recovery Policy. Executive acknowledges and agrees that, to the extent the Company adopts any claw-back
        or similar policy pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act or otherwise, and any rules and regulations promulgated thereunder, he or she shall take all action necessary or appropriate to comply with such policy
        (including, without limitation, entering into any further agreements, amendments or policies necessary or appropriate to implement and/or enforce such policy with respect to past, present and future compensation, as appropriate).

    

       

    (b)          No delay or omission by the Company in exercising any right under this 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 or waiver of any right on any other occasion.

     

    (c)          The captions of the sections of this Agreement are for convenience of reference only and in no way define, limit or affect
        the scope or substance of any section of this Agreement.

     

    (d)          The language in all parts of this Agreement will be construed, in all cases, according to its fair meaning, and not for or
        against either Party hereto. The Parties acknowledge that each Party and its counsel have reviewed and revised this Agreement and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting Party
        will not be employed in the interpretation of this Agreement.

     

    (e)          The obligations of Company under this Agreement, including its obligation to pay the compensation provided for in this
        Agreement, are contingent upon Executive’s performance of Executive’s obligations under this Agreement.

     

    (f)          This Agreement may be executed in counterparts, each of which shall constitute an original, but all of which shall
        constitute one agreement.

     

      

    [Signatures on following page]

     

    
      18

      
        


    

    IN WITNESS WHEREOF, Executive and the undersigned duly authorized representative of the Company have executed this Agreement as of the date first set forth above.

     

    
      	
               

            	EXECUTIVE
	
               

            	
               

            
	
               

            	
              /s/ Andrew Jackson

            
	
               

            	
              Andrew Jackson

            
	
               

            	
               

            
	
               

            	
              
                BROOKLYN IMMUNOTHERAPEUTICS, INC

              

            
	
               

            	
               

            
	
               

            	By:	
              /s/ Howard J. Federoff

            
	
               

            	
              

              

            	
              Howard J. Federoff, MD, PhD

            
	
               

            	
              

              

            
	
               

            	
              Title: Chief Executive Officer/President

            


    

     

    

    [Signature Page to Executive Employment Agreement]

     

       

    
      
        


    

    ADDENDUM A

     

    Job Duties

     

    Overall: The Chief
        Financial Officer partners with the Chief Executive Officer/President to set goals for performance and growth, frame strategic trade-offs, and facilitate decision-making; ensure alignment across the C-suite and with the Board of Directors as it
        relates to financial matters and implications for operations and programs.

     

    	

             	•	
            Capital Raising, Strategic Finance and SEC matters: In partnership with the CEO, the CFO should drive the Company’s financing efforts. He/she will evaluate capital raising activities with existing and new investors as the Company will continue to raise money to
                build the clinical pipeline. He/she should partner with the CEO and the board of directors to build a long-term capital strategy and execute on the different levers that can be pulled to capitalize the Company. The CFO should also be able
                to sell the Company story to all external financial constituents – current and new investors, analysts, the financial community and other partners/vendors. Oversee the Treasury function, manage the Company’s investments. The CFO is
                responsible for SEC compliance and filings.

          


     

    	

             	•	
            Financial Oversight: Direct
                and oversee Company’s financial administration including the preparation of monthly financial statements, balance sheets, cash flow statements and report operational results to management, the board of directors, shareholders and any
                current or future regulatory oversight agencies. Responsible for providing analysis and forecasting, including multi-year outlooks based on alternative scenarios, including M&A activities. Such information will be used to guide business
                development, financing and strategic planning. Develop budgets and forecasts for current and proposed future operations and acquisitions. Manage quarterly and annual earnings process and preparation, schedule and external resources.
                Establish appropriate internal control systems, including Sarbanes Oxley compliance.

          


     

    	

             	•	
            Strategic Leadership: Serve
                as a strategic advisor to the CEO, to the broader executive leadership team and to the board of directors, in both strategic and tactical areas of the Company, especially as they intersect with Finance.

          


     

    	

             	•	
            Business Leadership: Lead or
                participate in business development and expansion activities, including investments, acquisitions, alliances, joint ventures, and similar activities as related to drug products. Play a broader strategic role inside of the Company. Help the
                Company’s team drive and execute the Company’s strategic vision across other functional areas as they intersect with Finance including pipeline prioritization, business development and partnership opportunities.

          


     

    	

             	•	
            Organizational Leadership:
                Assist Chief Executive Officer/President with fundraising, Board of Directors presentations and interactions, and similar tasks. In collaboration with the broader executive team, set the tone and develop infrastructure to support a culture
                of cross-functional partnership. Enable and motivate a high-performing team; mentor, oversee, manage, and coach colleagues, as appropriate.

          


     

       

    
      
        


    

    
    ADDENDUM B 

     

        

    CALIFORNIA LABOR CODE SECTION 2870

     

    Section 2870 of the California Labor Code provides as follows:

    

       

    (a)          Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her
        rights in an invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer’s equipment, supplies, facilities, or trade secret information except for those
        inventions that either:

     

    (1)          Relate at the time of conception or reduction to practice of the invention to the employer’s business, or actual or
        demonstrably anticipated research or development of the employer; or

     

    
        (2)          Result from any work performed by the employee for the employer.

    

     

    (b)          To the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise excluded
        from being required to be assigned under subdivision (a), the provision is against the public policy of this state and is unenforceable.

     

    
      21

      
        


    

    ADDENDUM C

     

    LIST OF INVENTIONS

     

    
      
        


    

    ADDENDUM D

    Contingencies

     

    

    I, Andrew Jackson, understand and agree that my employment with the Company is contingent upon the following:

    	

             	•	
            Demonstrating satisfactory proof of identity and legal authority to work in the United States and maintaining appropriate work authorization; and

          


    	

             	•	
            Satisfactory completion of a background check in the Company’s sole discretion.

          


     

    	
            Date:

          	
            May 10, 2022

          	 


    

       

    	
            Signature:

          	
            /s/ Andrew Jackson