Exhibit 10.5


 


FORM
OF


DERMADOCTOR,
INC.


RESTRICTED
STOCK AGREEMENT


2018
EQUITY INCENTIVE PLAN


 


THIS
RESTRICTED STOCK AGREEMENT (the “Agreement”) is made and entered into as of __________________ (the
“Grant Date”), by and between DERMAdoctor, Inc., a Delaware corporation (the “Company”),
and __________________ (the “Participant”).


 


Subject
to the Additional Terms and Conditions attached hereto and incorporated herein by reference as part of this Agreement, the Company
hereby awards as of the Grant Date to the Participant the shares of the Company’s restricted Common Stock (the “Restricted
Stock”) described below (the “Restricted Stock Award”) pursuant to the DERMAdoctor, Inc.
2018 Equity Incentive Plan (the “Plan”). Capitalized terms that are not otherwise defined in this Agreement
shall have the meanings given to such terms in the Plan.


 


	Participant:

         
	[      ]
	Grant
    Date:	[      ]
	 	 
	Total
        Number of Shares of

        Restricted
        Stock Awarded:

         
	[      ]
	Vesting
        Schedule:

         
	The
    Restricted Stock shall vest according to the Vesting Schedule attached hereto as Schedule 1. The Restricted Stock that
    become vested on each Vesting Date pursuant to the Vesting Schedule are herein referred to as the “Vested Restricted
    Stock.”


 


The
Restricted Stock is awarded under and governed by the terms and conditions of this Restricted Stock Agreement and the Plan, which
is incorporated herein by reference.  By signing below, the Participant accepts the Restricted Stock Award, acknowledges
receipt of a copy of the Plan and this Restricted Stock Agreement, and agrees to the terms thereof.


 


	 	 	 	 	 
	NAME
    OF PARTICIPANT:	 	DERMADOCTOR,
    INC.:
	 	 	 	 
	 	 	By:  	 
	(Signature)	 	 	 
	 	 	Name: 	 
	 	 	 	 
	Address:	 	 	Title:  	 








 




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ADDITIONAL TERMS AND CONDITIONS OF





DERMADOCTOR, INC.





RESTRICTED STOCK AGREEMENT





2018 EQUITY INCENTIVE PLAN


 


1. Restricted Stock
Held in Plan Name. The Restricted Stock shall be issued in the name of the Plan and held for the account and benefit of the
Participant. The Committee (as defined in the Plan) shall cause periodic statements of account to be delivered to the Participant,
at such time or times as the Committee may determine in its sole discretion, showing the number of Restricted Stock held by the
Plan on behalf of the Participant. Subject to other Additional Terms and Conditions, the Committee shall cause one or more certificates
to be delivered to the Participant as soon as administratively practicable following the date that all or any portion of the Restricted
Stock become Vested Restricted Stock.


 


2. Condition to
Delivery of Vested Restricted Stock.


 


(a) If Participant
makes a timely election pursuant to Section 83(b) of the Code, it is a condition to receiving the Vested Restricted Stock
that Participant must deliver to the Company, within thirty (30) days of making the election pursuant to said Section 83(b)
as to all or any portion of the Restricted Stock, either cash or a certified check payable to the Company in the amount of all
of the tax withholding obligations (whether federal, state or local), imposed on the Company by reason of the making of an election
pursuant to said Section 83(b),


 


(b) If the Participant
does not make a timely election pursuant to Section 83(b) of the Code as to all of the Restricted Stock, the Participant may
notify the Company in writing, which notice must be received by the Company at least thirty (30) days prior to the date Restricted
Stock become Vested Restricted Stock (or such later date as the Committee may permit), that the Participant wishes to pay in cash
all of the tax withholding obligations (whether federal, state or local) imposed on the Company by reason of the vesting of some
or all of the Restricted Stock. As a condition to receiving the Vested Restricted Stock, Participant must deliver to the Company
no later than three (3) business days of the vesting either cash or a certified check payable to the Company in the amount
of all of the tax withholding obligations (whether federal, state or local) imposed on the Company by reason of the vesting of
the Vested Restricted Stock to which the election applies.


 


(c) If the Participant
does not make a timely election pursuant to Section 83(b) of the Code as provided in Section 2(a), or deliver a timely
election to make a supplemental payment with cash or by certified check for tax withholding obligations as provided in Section 2(b)
as to all or a portion of the Vested Restricted Stock, Participant will be deemed to have elected to have the actual number of
Vested Restricted Stock reduced by the smallest number of whole shares of underlying Common Stock which, when multiplied by the
fair market value of the underlying Common Stock, as determined by the Committee, on the date of the vesting event is sufficient
to satisfy the amount of the tax withholding obligations imposed on the Company by reason of the vesting of such Vested Restricted
Stock (the “Withholding Election”). Participant understands and agrees that Participant’s acceptance
of this Restricted Stock Award will be deemed to be Participant’s election to make a Withholding Election pursuant to this
Section 2(c) and such other consistent terms and conditions prescribed by the Committee.


 






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(d) In addition to
the provisions of Sections 2(a)-(c), if the Participant has attained the age of 62, and at least 12 months and one day has elapsed
since the Grant Date, the Participant has a taxable event (“Taxable Event”) since Participant could voluntarily
terminate employment and receive the Restricted Stock under Section 4(b)(iii). If the Participant has not made a timely election
pursuant to Section 83(b) of the Code as to all of the Restricted Stock, the Participant may notify the Company in writing,
which notice must be received by the Company at least thirty (30) days prior to the Taxable Event, that the Participant wishes
to pay in cash all of the tax withholding obligations (whether federal, state or local) to be withheld by reason of the Taxable
Event. If the Participant has not made a timely election pursuant to Section 83(b) of the Code as provided in Section 2(a),
delivered a timely election to make a supplemental payment with cash or by certified check for tax withholding obligations, or
delivered the supplemental payment within three (3) business days of the Taxable Event, Participant will be deemed to have
elected to have the actual number of Restricted Stock reduced by the smallest number of whole shares of the underlying Common Stock
which, when multiplied by the fair market value of the underlying Common Stock, as determined by the Committee, on the date of
the Taxable Event that is sufficient to satisfy the amount of the tax withholding obligations by reason of the Taxable Event (the
“Taxable Event Withholding Election”). A stock certificate for such Restricted Stock (net of any tax
withholdings) will be issued and held by the Company and delivered to Participant after the Vesting Date or as otherwise provided
herein. Participant understands and agrees that Participant’s acceptance of this Restricted Stock Award will be deemed to
be Participant’s election to make a Taxable Event Withholding Election pursuant to this Section 2(d) and such other
consistent terms and conditions prescribed by the Committee.


 


(e) In addition to
the provisions of Sections 2(a)-(d), if Participant is terminated by the Company other than for Cause under Section 4(b)(ii),
Participant will be deemed to have elected to have the actual number of Restricted Stock that will vest pursuant to the terms of
Section 4(b)(ii) reduced by the smallest number of whole shares of the underlying Common Stock which, when multiplied by the
fair market value of the underlying Common Stock, as determined by the Committee, is sufficient to satisfy the amount of the tax
withholding obligations imposed on the Company by reason of the vesting of such Restricted Stock. The date for the withholding
will be the date the tax withholding obligation is imposed on the Company, as determined by the Company. A stock certificate for
such Restricted Stock (net of any tax withholdings) will be issued and held by the Company and delivered to Participant after the
Vesting Date or as otherwise provided herein. Participant understands and agrees that Participant’s acceptance of this Restricted
Stock Award will be deemed to be Participant’s election to make a tax withholding election pursuant to this Section 2(e)
and such other consistent terms and conditions prescribed by the Committee.


 


(f) The Committee
reserves the right to give no effect to a withholding election under Sections 2(c), (d) or (e) in which case the Participant
will remain obligated as a condition to receiving the Vested Restricted Stock to satisfy applicable tax withholding obligations
with cash or by a certified check in the manner provided by the Committee. If the Committee elects not to give effect to a withholding
election under Sections 2(c), (d) or (e), it shall provide the Participant with written notice reasonably in advance of the
applicable vesting event.


 


3. Rights as Stockholder.
The Restricted Stock will be held for the Participant by the Company until the applicable Vesting Date. Participant shall have
all the rights of a stockholder on shares of Restricted Stock that vest. With respect to unvested Restricted Stock: (a) Participant
shall have the right to vote such shares at any meeting of stockholders of the Company; (b) Participant shall have and the right
to receive, free of vesting restrictions (but subject to applicable withholding taxes) all cash dividends paid with respect to
such shares; and (c) any non-cash dividends and other non-cash proceeds of such shares, including stock dividends and any other
securities issued or distributed in respect of such shares shall be subject to the same vesting and forfeiture conditions as the
shares of Restricted Stock to which they relate, and the term “Restricted Stock” when used in this Agreement shall
also include any related stock dividends and other securities issued or distributed in respect of such shares.


 






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4. Vesting, Forfeiture
and Restrictions on Transfer of Restricted Stock.


 


(a) Generally.
The Restricted Stock which have become Vested Restricted Stock pursuant to the Vesting Schedule shall be considered as fully earned
by the Participant, subject to the further provisions of this Section 4 and any applicable provisions of any employment agreement
between the Participant and the Company (“Employment Agreement”), as applicable, and the Company shall
deliver certificates to the Participant as soon as administratively practicable following the Vesting Date or other vesting event
and the payment of any required taxes pursuant to the terms of Section 2. Any Restricted Stock which do not become Vested
Restricted Stock in accordance with the Vesting Schedule or the provisions of this Section 4 as of the Participant’s
termination of employment (“Termination of Employment”) (as described in Section 7 of the Plan) with
the Company and/or its affiliates will be forfeited back to the Company.


 


(b) Vesting and
Forfeitures upon Termination of Employment.


 


(i) Termination
by Participant. Except as provided in Sections 4(b)(iii) and (iv), upon a Termination of Employment prior to the Vesting Date
effected by the Participant for any reason all Restricted Stock shall be forfeited as of the effective date of such Termination
of Employment.


 


(ii) Termination
by Company Other Than for Cause. Upon a Termination of Employment prior to the Vesting Date effected by the Company for any
reason other than Cause (as described in Section 4(b)(v)), upon the later of (i) the termination date, and (ii) Participant’s
execution of a separation agreement and general release in favor of the Company and the separation agreement and general release
becoming effective after the lapse of any permitted or required revocation period without the associated revocation rights being
exercised by Participant, the Participant shall become vested in the following number of Restricted Stock: [       ].


 


The Vested Restricted
Stock shall be delivered within thirty (30) days from the date such shares have vested pursuant to the terms of this Section 4(b)(ii).
Notwithstanding the foregoing provisions of this Section 4(b)(ii), if the Participant refuses to sign, or elects to revoke
during any permitted revocation period, the separation agreement and general release, then the vesting of any Restricted Stock
pursuant to this Section 4(b)(ii) shall not occur and all Restricted Stock shall be forfeited.


 





(iii) Intentionally
omitted.


 


(iv) Death
or Disability. Upon the Participant’s Termination of Employment prior to the Vesting Date due to death or disability,
all of the Restricted Stock shall vest and become Vested Restricted Stock on the last date of Participant’s employment. Vested
Restricted Stock shall be delivered within thirty (30) days after the vesting event.


 


(v) Termination
by Company for Cause. Upon a Termination of Employment prior to the Vesting Date effected by the Company for Cause (as defined
in the Plan), all Restricted Stock shall be forfeited as of the effective date of such termination of employment.


 


(c) Certain Breaches
of Employment Agreement. Notwithstanding anything to the contrary herein, if, at any time, the Company determines that the
Participant has breached any of the terms, provisions and restrictions imposed upon Participant under the Employment Agreement
(if any), all of the Restricted Stock, including any Restricted Stock that have become Vested Restricted Stock, shall be forfeited.
Such forfeiture shall occur without limiting the Company’s other rights and remedies available under the Employment Agreement.





 


(d) Restrictions
on Transfer of Restricted Stock. Participant shall effect no disposition of Restricted Stock prior to the date that an unrestricted
certificate for Vested Restricted Stock in his name is delivered to him by the Committee; provided, however, that this provision
shall not preclude a transfer by will or the laws of descent and distribution in the event of the death of the Participant.


 






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(e) Legends.
Participant agrees that the Company may endorse any certificates for Restricted Stock or Vested Restricted Stock with such legends
to reflect the restrictions provided for herein or otherwise required by applicable federal or state securities laws. The Company
need not register a transfer of the Restricted Stock and may also instruct its transfer agent not to register the transfer of the
Restricted Stock unless the conditions specified in any legends are satisfied.





 


5. Removal of Legend
and Transfer Restrictions. Any restrictive legends and any related stop transfer instructions may be removed at the direction
of the Committee and the Company shall issue necessary replacement certificates without that portion of the legend to the Participant
as of the date that the Committee determines that such legend(s) and/or instructions are no longer applicable.





 


6. Change in Capitalization.





 


(a) The number and
kind of Restricted Stock shall be proportionately adjusted to reflect a merger, consolidation, reorganization, recapitalization,
reincorporation, stock split, stock dividend or other change in the capital structure of the Company in accordance with the
terms of the Plan. All adjustments made by the Committee under this Section shall be final, binding, and conclusive upon all parties.


 


(b) The existence
of the Plan and the Restricted Stock Award shall not affect the right or power of the Company to make or authorize any adjustment,
reclassification, reorganization or other change in its capital or business structure, any merger or consolidation of the Company,
any issue of debt or equity securities having preferences or priorities as to the Common Stock or the rights thereof, the dissolution
or liquidation of the Company, any sale or transfer of all or part of its business or assets, or any other corporate act or proceeding.





 


7. Governing Law.
Except to the extent preempted by any applicable federal law, this Agreement shall be construed and administered in accordance
with the laws of the State of Delaware, without reference to its principles of conflicts of law. The parties shall resolve all
disputes, controversies and differences which may arise between the parties, out of or in relation to or in connection with this
Agreement or the breach, termination, enforcement, interpretation or validity thereof, including the determination of the scope
or applicability of this Agreement to arbitrate, after discussion in good faith attempting to reach an amicable solution. 
Such discussion will begin immediately after one party has delivered to the other party a request for discussion. If the dispute,
controversy, or claim cannot be resolved within 30 days following the date on which the request for discussion is delivered, then
it will be finally settled by arbitration held in Kansas City, Missouri in accordance with the latest Rules of the American Arbitration
Association. Such arbitration shall be conducted by one arbitrator appointed as follows: each party will appoint one arbitrator
and the appointed arbitrators shall appoint the deciding arbitrator.  The decision of the tribunal shall be final and may
not be appealed.  The arbitral tribunal may, in its discretion award fees and costs as part of its award. Judgment on the
arbitral award may be entered by any court of competent jurisdiction, including any court that has jurisdiction over either of
the party or any of their assets.


 


8. Successors.
This Agreement shall be binding upon and inure to the benefit of the heirs, legal representatives, successors, and permitted assigns
of the parties.





 


9. Notice.
Except as otherwise specified herein, all notices and other communications under this Agreement shall be in writing and shall be
deemed to have been given if personally delivered or if sent by registered or certified United States mail, return receipt requested,
postage prepaid, addressed to the proposed recipient at the last known address of the recipient. Any party may designate any other
address to which notices shall be sent by giving notice of the address to the other parties in the same manner as provided herein.


 






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10. Severability.
In the event that any one or more of the provisions or portion thereof contained in this Agreement shall for any reason be held
to be invalid, illegal, or unenforceable in any respect, the same shall not invalidate or otherwise affect any other provisions
of this Agreement, and this Agreement shall be construed as if the invalid, illegal or unenforceable provision or portion thereof
had never been contained herein.





 


11. Entire Agreement.
Subject to the terms and conditions of the Plan, and the applicable provisions of the Employment Agreement (if any), this Agreement
expresses the entire understanding and agreement of the parties with respect to the subject matter. In the event of any conflict
between the provisions of the Plan and the terms of this Agreement, the provisions of the Plan will control. The Restricted Stock
Award has been made pursuant to the Plan and an administrative record is maintained by the Committee indicating under which plan
the Restricted Stock Award is authorized.





 


12. Violation.
Any disposition of the Restricted Stock or any portion thereof shall be a violation of the terms of this Agreement and shall be
void and without effect.


 


13. Headings.
Paragraph headings used herein are for convenience of reference only and shall not be considered in construing this Agreement.


 


14. Specific Performance.
In the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this Agreement,
the party or parties who are thereby aggrieved shall have the right to specific performance and injunction in addition to any and
all other rights and remedies at law or in equity, and all such rights and remedies shall be cumulative.


 


15. No Right to
Continued Retention. Neither the establishment of the Plan nor the award of Restricted Stock hereunder shall be construed as
giving Participant the right to a continued service relationship with the Company or an affiliate.


 


16. Definitions.
Any terms which are capitalized herein but not defined herein shall have the meaning set forth in the Plan.


 






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SCHEDULE 1 





TO DERMADOCTOR, INC. 





RESTRICTED STOCK AWARD 


 


Vesting Schedule 


 


	A.	Provided that the Participant continues to be employed by the Company or any affiliate on the applicable Vesting Date described in this Part A, the Restricted Stock shall become Vested Restricted Stock as follows: 


 


	
        Percentage
        of Restricted Stock Vesting
	 	Vesting Date	 
	 	 	 	 	 





 


Notwithstanding the foregoing
vesting schedule, the events described in Sections 4(b)(ii), (iii) and (iv) of the Additional Terms and Conditions to
the Agreement, and any change in control provisions of any Employment Agreement, provide for accelerated vesting of all or a portion
of the Restricted Stock to the extent and in the manner described by such provisions. Except as otherwise provided in Sections
4(b)(ii), (iii) or (iv) of the Additional Terms and Conditions to the Agreement, and any change in control provisions
of any Employment Agreement, all Restricted Stock shall be forfeited if the Participant experiences a Termination of Employment
prior to the Vesting Date.





 


	B.	The provisions of this Vesting Schedule are subject to, and limited by, all applicable provisions of the Agreement 


 


 


Schedule 1 – Page 1 of 1