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EMPLOYMENT AGREEMENT

    THIS EMPLOYMENT AGREEMENT (this “Agreement”) is entered into on August 25, 2021 but which for all purposes shall become effective on October 18, 2021 (the “Effective Date”), by and among SUN COMMUNITIES, INC., a Maryland corporation (the “REIT”), SUN COMMUNITIES OPERATING LIMITED PARTNERSHIP, a Michigan limited partnership (“SCOLP”) and AARON WEISS (the “Executive”).  As used herein, “Company” shall refer to the REIT and SCOLP together.

    W I T N E S S E T H:

    WHEREAS, SCOLP operates the business of the REIT;

    WHEREAS, the REIT is the sole general partner of SCOLP; and

    WHEREAS, the Company desires to employ the Executive, and the Executive desires to be employed by the Company, on the terms and subject to the conditions set forth below.

    NOW, THEREFORE, in consideration of the mutual promises contained in this Agreement and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows:

    1.    Employment.

        (a)    The Company agrees to employ the Executive and the Executive accepts the employment, on the terms and subject to the conditions set forth below.  During the Term (defined below), the Executive shall serve as Executive Vice President, Corporate Strategy and Business Development of the REIT, and shall do and perform diligently all such services, acts and things as are customarily done and performed by such officers of companies in similar business and in size to the REIT, together with such other duties as may reasonably be requested from time to time by the REIT’s Chief Executive Officer or the Board of Directors of the REIT (the “Board”), which duties shall be consistent with the Executive's positions as set forth above.

        (b)    For service as an officer and employee of the Company, the Executive shall be entitled to the full protection of the applicable indemnification provisions of the Articles of Incorporation and Bylaws of the REIT, as they may be amended from time to time.

    2.    Term of Employment.

        (a)    Subject to the provisions for termination provided below, the term of the Executive’s employment under this Agreement shall commence on the Effective Date and shall continue thereafter until the five (5) year anniversary of the Effective Date (the 

“Initial Term”); provided, however, that following the expiration of the Initial Term, the term of this Agreement shall be automatically extended for successive terms of one (1) year each thereafter (each a “Renewal Term”), unless either party notifies the other party in writing of its desire to terminate this Agreement at least ninety (90) days before the end of the Initial Term or the Renewal Term then in effect.  The Initial Term and each Renewal Term are collectively referred to as the “Term.”

        (b)    Executive acknowledges and agrees that Executive is an “at-will” employee and that Executive’s employment may be terminated, with or without cause, at the option of Executive or the REIT.

    3.    Devotion to the Company's Business.  The Executive shall devote his best efforts, knowledge, skill, and his entire productive time, ability and attention to the business of the Company during the term of this Agreement; provided, however, the Executive’s expenditure of reasonable amounts of time to various charitable and other community activities, or to the Executive’s own personal investments and projects, shall not be deemed a breach of this Agreement so long as the amount of time so devoted does not materially impair, detract or adversely affect the performance of Executive’s duties under this Agreement.

    4.    Compensation.

        (a)    During the Term, the Company shall pay or provide, as the case may be, to the Executive the compensation and other benefits and rights set forth in Sections 4, 5 and 6 of this Agreement.

        (b)    Base Compensation.  As compensation for the services to be performed hereunder, the Company shall pay to the Executive, until December 31, 2021, an annual base salary of Four Hundred Fifty Thousand Dollars ($450,000) (as adjusted below, the “Base Salary”). Effective as of January 1, 2022, the annual Base Salary shall be increased to Five Hundred Twenty Five Thousand Dollars ($525,000). The Base Salary shall be payable in accordance with the Company’s usual pay practices (including tax withholding), but in no event less frequently than monthly.

(c)Annual Bonus. Executive will be eligible to receive a bonus (the “Bonus”) for each calendar year during the Term (each, a “Bonus Year”). The amount of any Bonus for any Bonus Year shall be determined by the Compensation Committee of the Board; provided that, (i) the Bonus for the period from the Effective Date to December 31, 2021 shall not be less than $300,000, and (ii) the Bonus for subsequent Bonus Years shall not be less than the then-current Base Salary. Subject to the foregoing minimum amounts, in determining the Bonus for any Bonus Year, the Compensation Committee in its sole discretion may take into account such criteria as it deems relevant or necessary in its discretion, including, without limitation, whether Executive fulfills any individual goals and objectives for such Bonus Year set by the Board or Compensation Committee, the Company’s performance and industry factors. Any such individual and Company goals and objectives may be, but need not be, set forth in a written plan approved by the 

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Compensation Committee before or during any Bonus Year.  The determination of the Bonus shall be made by the Compensation Committee of the Board no later than March 7th of the following calendar year and any Bonus shall be paid, in cash, to the Executive on or before March 15th of such following calendar year.

(d)Disability.  During any period that the Executive fails to perform his duties hereunder as a result of incapacity due to physical or mental illness (the “Disability Period”), the Executive shall be entitled to receive, first, any amount that the Executive is eligible to receive under any disability benefit plans or programs of the Company and, second, any social security disability benefits that the Executive is eligible to receive (collectively, the “Program Benefits”). During the Disability Period and until his employment is terminated by the Company pursuant to Section 7(a)(iii) below, the Company shall pay to the Executive the difference, if any, between the Program Benefits received by the Executive and the amount of his full Base Salary, Bonus and other benefits at the rate in effect for such period. Any payments to the Executive under the preceding sentence shall be paid in accordance with the Company’s regular payroll practices.

(e)2021 Restricted Stock Award. On the Effective Date, the REIT shall grant and issue to Executive (the “2021 Restricted Stock Award”) 11,488 shares of the REIT’s common stock (the “2021 Shares”). The grant of the 2021 Restricted Stock Award shall be subject to time-vesting, as described below, and other terms and conditions contained in a Restricted Stock Award Agreement and all applicable terms and conditions of the REIT’s 2015 Equity Incentive Plan. 20% of the 2021 Shares shall vest on each of the first through fifth anniversaries of the Effective Date. The grant of the 2021 Restricted Stock Award is expressly conditioned upon the Executive’s execution of a Restricted Stock Award Agreement, consistent with terms described herein.

(f)Annual Restricted Stock Awards. Each calendar year during the Term, the REIT shall grant and issue to Executive (each, an “Annual Restricted Stock Award”) a number of restricted shares of the REIT’s common stock having a value on the date of grant not less than $1,200,000 (the “Annual Shares”). Each Annual Restricted Stock Award shall be subject to the terms and conditions contained in the REIT’s standard Restricted Stock Award Agreement and all applicable terms and conditions of the REIT’s 2015 Equity Incentive Plan or any successor equity incentive plan, as amended or restated from time to time. In addition to the foregoing, the Annual Shares shall vest consistent with the vesting schedule applicable to annual restricted stock awards to the REIT’s other executive officers for such calendar year. Each grant of an Annual Restricted Stock Award is expressly conditioned upon the Executive’s execution of the REIT’s standard Restricted Stock Award Agreement.  

(g)Clawback.  Notwithstanding anything to the contrary herein, the Bonus and any other incentive compensation paid or payable to the Executive hereunder shall not be deemed fully earned and vested, and shall be reimbursed by the Executive to the Company if previously paid, to the extent such incentive compensation becomes subject 

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to clawback pursuant to the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, any rules promulgated thereunder or the rules and regulations of the New York Stock Exchange. Without limiting the foregoing, the Executive accepts, adopts and agrees to be subject to the Sun Communities, Inc. Executive Compensation “Clawback” Policy dated July 14, 2014, as it may be amended, restated or supplemented from time to time.

    5.    Benefits.

        (a)    Insurance.  Executive shall be eligible for life, medical, dental, optometry and hospitalization insurance for himself, his spouse and eligible family members commensurate with similarly situated executive employees of Company and in accordance with plan documents and Company’s policies and procedures. Executive must satisfy all plan requirements in order to enroll or continue in any insurance benefit plans.

        (b)    Savings Plans.  The Executive, at his election, may participate, during his employment hereunder, in all retirement plans, 401(k) plans and other savings plans of the Company generally available from time to time to other executive employees of the Company and for which the Executive qualifies under the terms of the plans (and nothing in this Agreement shall or shall be deemed to in any way affect the Executive’s right and benefits under any such plan except as expressly provided herein).  At the discretion of the Compensation Committee of the Board, the Executive may also be entitled to participate in any equity, stock option or other employee benefit plan that is generally available to senior executives of the Company.  In addition to the foregoing, the Executive’s participation in and benefits under any such plan shall be on the terms and subject to the conditions specified in the governing document of the particular plan.  Nothing contained in this Agreement shall be construed to create any obligation on the part of the Company to establish any such plan or to maintain the existence of any such plan which may be in effect from time to time.

        (c)    Annual Paid Vacation. Beginning on the Effective Date of this Agreement, Executive shall be entitled to four (4) weeks’ paid vacation time each year, which may be used for any purpose including vacation, sick or personal time. On each anniversary of the Effective Date during the Term, Executive shall be entitled to four (4) weeks’ paid vacation time. The Executive shall not take more than fourteen (14) consecutive calendar days of vacation without the prior approval of the REIT’s Chief Executive Officer. Unless otherwise approved by the Chief Executive Officer of the REIT in writing, vacation time does not roll over from one year to the next. Unused vacation time shall not be paid out at the end of the year or upon termination of employment for any reason.

    6.    Reimbursement of Business Expenses.  The Company shall reimburse the Executive for travel, entertainment and other expenses reasonably and necessarily incurred by the Executive in the performance of his duties under this Agreement.  The Executive shall furnish such documentation with respect to reimbursement to be paid hereunder in accordance with Company’s expense reimbursement policies.

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    7.    Termination of Employment.

        (a)    The Executive's employment under this Agreement may be terminated:

            (i)    by either the Executive or the REIT at any time without Cause (as defined below) upon not less than sixty (60) days written notice;

            (ii)    by the REIT at any time for Cause, without prior notice; 

            (iii)    by the REIT upon the Executive's “permanent disability” (as defined below) upon not less than thirty (30) days written notice; 

            (iv)    upon the Executive's death; and 

            (v)    by the Executive at any time for Good Reason (as defined below).

        (b)    For purposes hereof, for “Cause” shall mean: (i) a material breach of any provision of this Agreement by Executive (if the breach is curable, it will constitute Cause only if it continues uncured for a period of twenty (20) days after Executive’s receipt of written notice of such breach from the Company); (ii) Executive’s failure or refusal, in any material manner, to perform all lawful services required of him pursuant to this Agreement, which failure or refusal continues for more than twenty (20) days after Executive’s receipt of written notice of such deficiency; (iii) Executive’s commission of fraud, embezzlement or theft, or a crime constituting moral turpitude, in any case, whether or not involving Company, that in the reasonable good faith judgment of the REIT, renders Executive’s continued employment harmful to the Company; (iv) Executive’s misappropriation of Company assets or property, including, without limitation, obtaining reimbursement through fraudulent vouchers or expense reports; or (v) Executive’s conviction or the entry of a plea of guilty or no contest by Executive with respect to any felony or other crime that, in the reasonable good faith judgment of the REIT, adversely affects the Company or its reputation or business. The Company shall determine in its sole discretion whether Executive is terminated for Cause or has resigned with Good Reason.

        (c)    For purposes hereof, the Executive’s “permanent disability ” shall be deemed to have occurred if the Executive, by reason of Executive’s physical or mental disability or impairment which cannot be accommodated under the Americans with Disabilities Act (ADA) and which can be expected to result in death or can be expected to last for a period of not less than 6 months, (i) is unable to engage in any substantial gainful activity, or (ii) is receiving income replacement benefits for a period of not less than 6 months under an accident and health plan of the Company. The Company shall determine in its sole discretion whether Executive is being terminated due to permanent disability.

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    (d)    For purposes hereof, “Good Reason” shall mean:  (i) a material breach of this Agreement by the Company that is not cured within thirty (30) days after receiving written notice from the Executive of such breach, which notice must be provided within ninety (90) days of the initial existence of the Good Reason condition, with the determination as to whether there has been a breach and whether the breach is material to be determined by the Nominating and Corporate Governance Committee of the Board in the reasonable and good faith exercise of its discretion;  (ii) material diminution of, or material reduction or adverse alteration of, the Executive’s duties or responsibilities without the consent of the Executive, or the Company’s assignment of duties, responsibilities or reporting requirements that are materially inconsistent with his positions or that materially expand his duties, responsibilities, or reporting requirements without the consent of the Executive; or (iii) any requirement by the Company that the Executive relocate to a principal place of business outside of the metropolitan area of his working location as of the Effective Date.  Written notice of an event constituting Good Reason must be provided to the Company by the Executive within ninety (90) days of its occurrence.  The Company will have thirty (30) days to cure such occurrence, and the Executive may not terminate this Agreement due to Good Reason more than thirty (30) days following the last day of such cure period (and only if the Company has failed to cure).

    8.    Compensation Upon Termination or Disability.

        (a)    In the event that the REIT terminates the Executive's employment under this Agreement without Cause pursuant to Section 7(a)(i) or if Executive terminates this Agreement for Good Reason pursuant to Section 7(a)(v), (i) the Executive shall be entitled to Base Salary and benefits through the effective date of such termination paid in accordance with Company’s normal payroll policy, (ii) the Executive shall be entitled to receive a Bonus equal to any amount for such Bonus accrued by the Company and unpaid as of the termination date, which Bonus shall be paid by the Company to the Executive within thirty (30) days of the effective date of such termination (or such later date as may be required in order to determine the amount of any Bonus being paid to the Executive but in no event later than March 15th of the calendar year following the calendar year that Executive’s employment is terminated), and (iii) subject to the Executive’s execution of a general release of claims in a form satisfactory to the Company (a “General Release”), the Company shall pay the Executive monthly an amount equal to one-twelfth (1/12) of the Base Salary (at the rate that would otherwise have been payable under this Agreement) for a period of up to eighteen (18) months if the Executive fully complies with Sections 12 and 13 of this Agreement (the “Severance Payment”). The first monthly installment of the Severance Payment shall be paid on the Company’s first payroll date after expiration of the revocation period, in accordance with the Age Discrimination in Employment Act (ADEA), as set forth in the General Release; provided, if the Company does not have sufficient time to include the first monthly installment of the Severance Payment in such first payroll date, it will be paid on the next payroll date; provided, further, that, regardless of when Executive actually executes the General Release, if the 

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applicable revocation period spans two calendar years, the payment of Severance Payments will not commence until the first day of a month in the second calendar year, at which time Executive will be paid an amount equal to the aggregate amount of all payments delayed until such actual pay date, and the remaining Severance Payments not so delayed shall thereafter be provided to Executive according to the payment schedule otherwise set forth in this Section 8(a). Notwithstanding the foregoing, the Severance Payment shall not be due Executive if Executive is entitled to Change in Control Benefits (as defined in Section 10 below). Upon notification by either party to the other party of the non-renewal of the Initial Term or any Renewal Term as provided in Section 2(a) above, the Executive shall not be entitled to any Severance Payments at the end of the Term.

        (b)    If (i) the Company terminates the Executive's employment under this Agreement for Cause, or (ii) the Executive voluntarily terminates his employment hereunder, other than for Good Reason pursuant to Section 7(a)(v) hereof, the Executive shall be entitled to no further compensation or other benefits under this Agreement, except for any accrued and unpaid Base Salary and benefits through the effective date of such termination.

        (c)    In the event of termination of the Executive's employment under this Agreement due to the Executive's permanent disability or death, (i) the Executive (or his heirs, successors and assigns in the event of his death) shall be entitled to any Base Salary and benefits through the effective date of such termination, in accordance with Section 4(d), (ii) the Executive (or his heirs, successors and assigns in the event of his death) shall be entitled to receive a Bonus equal to any amount for such Bonus accrued by the Company and unpaid as of the termination date, which Bonus shall be paid by the Company to the Executive or his successors and assigns, as appropriate, within thirty (30) days of the effective date of such termination (or such later date as may be required in order to determine the amount of any Bonus being paid to the Executive but in no event later than March 15th of the calendar year following the calendar year that Executive’s employment is terminated), and (iii) subject to the Executive’s (or, in the event of death, his heirs’, successors’ or assigns’) execution of a General Release and so long as the Executive fully complies with Sections 12 and 13 of this Agreement, the Company shall pay the Executive (or his heirs, successors and assigns in the event of his death) monthly during the twenty four (24) months following the termination date the difference, if any, between the Program Benefits received by the Executive during such period and an amount equal to one-twelfth (1/12) of the Base Salary (at the rate that would otherwise have been payable under this Agreement) during such period (the “Disability Payment”). The first monthly installment of the Disability Payment shall be paid on the Company’s first payroll date after the expiration of the revocation period, in accordance with the Age Discrimination in Employment Act (ADEA), as set forth in the General Release; provided, if the Company does not have sufficient time to include the first monthly installment of the Disability Payment in such first payroll date, it will be paid on the next payroll date. The Executive agrees to cooperate in any reasonable requirement to undertake a medical physical examination as may be reasonably requested by an 

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insurance carrier in the event that the Company decides to obtain additional death or disability insurance coverage on the Executive.

        (d)    Notwithstanding anything to the contrary in this Section 8, the Company's obligation to pay, and the Executive's right to receive, any Bonus, Severance Payment or Disability Payment under this Section 8, shall terminate upon the Executive's breach of any provision of Section 12 or Section 13 hereof. In addition, the Executive shall promptly return to the Company any Bonus, Severance Payment, or Disability Payment, upon the Executive's breach of any provision of Section 12 or Section 13 hereof.

(e)    If during the Notice Period this Agreement is terminated for any reason that would otherwise entitle the Executive to Severance Payments or Disability Payments in accordance with this Section 8, the Company shall be obligated to pay such Severance Payments and/or Disability Payments only through the end of the Notice Period, and the aggregate amount of Severance Payments and/or aggregate amount of Disability Payments shall be reduced accordingly.

    (f)    If either party notifies the other party of the non-renewal of the Initial Term or any Renewal Term as provided in Section 2(a) above, from the date of such notice through termination of employment or the end of the Term, as applicable (the “Notice Period”), the Company shall continue to pay the Base Salary and provide benefits described in this Agreement to the Executive, provided that the Executive continues to faithfully and diligently perform his duties under this Agreement and in accordance with Company policies. 

    9.    Resignation of Executive.  Upon any termination of the Executive's employment under this Agreement, the Executive shall be deemed to have resigned from any and all offices and directorships held by the Executive in the Company and/or any of the Affiliates (as defined in Section 12 below). 

    10.    Effect of Change in Control.  

    (a)    Subject to the Executive’s execution of a General Release of claims in a form satisfactory to the Company or its successor, the Company or its successor shall pay the Executive the Change in Control Benefits (as defined below) if there has been a Change in Control (as defined below) and any of the following events (each a “Triggering Event”) has occurred: (i) the Executive’s employment under this Agreement is terminated by the Company or its successor without Cause in accordance with Section 7(a)(i) at any time within twenty-four (24) months after the Change in Control, (ii) the Executive terminates his employment under this Agreement for Good Reason in accordance with Section 7(a)(v) at any time within twenty-four (24) months after the Change in Control; or (iii) upon a Change in Control under Section 10(g)(ii), the Company or its successor does not expressly assume all of the terms and conditions of this Agreement. 

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        (b)    For purposes of this Agreement, the “Change in Control Benefits” shall mean the following benefits:

            (i)    A cash payment equal to (A) two and 99/100 (2.99) times the Base Salary in effect on the date of such Change in Control, less (B) any amounts paid to Executive under this Agreement following a Change in Control, but prior to the occurrence of a Triggering Event, payable within sixty (60) days of the Change in Control or, in the event that the post-Change in Control cessation of Executive’s employment hereunder triggers the Change in Control Benefits, payable within thirty (30) days after such cessation of employment; and

            (ii)    Continued receipt of all group health benefits set forth in Section 5(a) of this Agreement, until the earlier of (A) one year following the Change in Control (which period shall run concurrently with Executive's COBRA period) or (B) the commencement of comparable coverage from another employer.  The provision of any one benefit by another employer shall not preclude the Executive from continuing participation in Company benefit programs provided under this Section 10(b)(ii) that are not provided by the subsequent employer.  The Executive shall promptly notify the Company upon receipt of benefits from a new employer comparable to any benefit provided under this Section 10(b)(ii).

        (c)    Notwithstanding anything to the contrary herein, in the event that within sixty (60) days prior to a Change in Control (i) the Executive’s employment under this Agreement is terminated by the Company or its successor without Cause in accordance with Section 7(a)(i), or (ii) the Executive terminates his employment under this Agreement for Good Reason in accordance with Section 7(a)(v), such termination, in either case, shall be deemed to have been made in connection with the Change in Control, such termination shall be a Triggering Event, and (x) the Executive shall be entitled to receive the Change in Control Benefits, (y) the Executive shall be entitled to be reimbursed for any COBRA premiums previously paid by Executive, and (z) in accordance with Section 11 below, subject to the Executive’s execution of a General Release of claims in a form satisfactory to the Company or its successor, all stock options or other stock based compensation awarded to the Executive shall become fully vested and immediately exercisable and all stock options may be exercised by Executive at any time within one (1) year after such Triggering Event.

        (d)    The Change in Control Benefits shall be in addition to the acceleration of the vesting of stock options and other stock based compensation as a result of a Triggering Event.

        (e)    Notwithstanding anything to the contrary contained herein, in the event it shall be determined that any compensation payment or distribution by the Company to or for the benefit of the Executive would be subject to the excise tax imposed by Section 

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4999 of the Internal Revenue Code of 1986, as amended (the “Code”), the Change in Control Benefits will be reduced to the extent necessary so that no excise tax will be imposed, but only if to do so would result in the Executive retaining a larger amount, on an after-tax basis, taking into account the excise and income taxes imposed on all payments made to the Executive hereunder.

        (f)    The Company shall pay to the Executive all reasonable legal fees and expenses incurred by the Executive in obtaining or enforcing any right or benefit provided by this Section 10, but only to the extent that the Company is determined to be liable to the Executive for breach of this Section 10 as a part of a final judgment on the merits pursuant to binding arbitration. 

        (g)    For purposes of this Agreement, a “Change in Control” shall be deemed to have occurred upon the closing of any of the following transactions:

        (i)    if any person or group of persons acting together (other than (a) the Company or any person (A) who as of the date hereof was a director or officer of the REIT, or (B) whose shares of Common Stock of the REIT are treated as "beneficially owned" by any such director or officer, or (b) any institutional investor (filing reports under Section 13(g) rather than 13(d) of the Securities Exchange Act of 1934, as amended, including any employee benefit plan or employee benefit trust sponsored by the Company)), becomes a beneficial owner, directly or indirectly, of securities of the REIT representing fifty percent (50%) or more of either the then-outstanding Common Stock of the REIT or the combined voting power of the REIT then-outstanding voting securities (other than as a result of an acquisition of securities directly from the REIT);  

        (ii)    if the Company sells all or substantially all of the Company's assets to any person (other than a wholly-owned subsidiary of the Company formed for the purpose of changing the Company's corporate domicile);

        (iii)    if the Company merges or consolidates with another person as a result of which the shareholders of the REIT immediately prior to such merger or consolidation would beneficially own (directly or indirectly), immediately after such merger or consolidation, securities of the surviving entity representing less than fifty percent (50%) of the then outstanding voting securities of the surviving entity; or

        (iv)    if the new directors appointed to the Board during any twelve-month period constitute a majority of the members of the Board, unless (A) the directors who were in office for at least twelve (12) months prior to such twelve-month period (the “Incumbent Directors”) plus (B) the new directors who were recommended or appointed by a majority of the Incumbent Directors constitutes a majority of the members of the Board.

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    For purposes of this Section 10(g), a “person” includes an individual, a partnership, a corporation, an association, an unincorporated organization, a trust or any other entity.

    11.    Stock Awards.  In the event of termination of the Executive's employment under this Agreement for Cause, all stock options or other stock based compensation awarded to the Executive shall lapse and be of no further force or effect whatsoever in accordance with the Company’s equity incentive plans.  If the Company terminates the Executive's employment under this Agreement without Cause or if the Executive terminates his employment under this Agreement for Good Reason in accordance with Section 7(a)(v) or upon the death or permanent disability of the Executive, all stock options and other stock based compensation awarded to the Executive shall become fully vested and immediately exercisable and all stock options may be exercised by the Executive at any time within one (1) year after the termination of employment.  Upon a Triggering Event or any event described in Section 10(c) of this Agreement, all stock options or other stock based compensation awarded to the Executive shall become fully vested and immediately exercisable and all stock options may be exercised by the Executive at any time within one (1) year after the Triggering Event.  All stock options and other stock based compensation award agreements between the Company and the Executive shall be amended to conform to the provisions of this Section 11.  In the event of an inconsistency between this Section 11 and such award agreements, this Section 11 shall control.

    12.    Confidential Information.

        (a)    The Executive acknowledges the Company's reliance on and expectation of the Executive's continued commitment to performance of his duties and responsibilities related to the protection of Company’s Confidential Information (defined below) and competitive business interests both during and after the term of this Agreement. Executive further acknowledges that his position is one of considerable responsibility and requires that the Company expend time and resources to provide him the tools and Confidential Information necessary to oversee operations and grow the Company’s significant portfolio of business. It is Company’s intent to protect its Confidential Information, in whatever form, whether written, electronic, spoken, or facsimiled, from and against unauthorized use, disclosure, destruction or modification.  Maintaining its Confidential Information in the strictest confidence is essential for the Company’s continued success.  The Company must also protect its reasonable competitive business interests by preventing employees and competitors from using its Confidential Information.

        (b)    Throughout his employment with Company, he will be privy to confidential information belonging to Company in any form, whether in writing, orally, electronically, or otherwise (collectively, “Confidential Information”), which includes, but is not limited to, any information that is or relates to:

            (i)    information that is trade secret under applicable trade secret or other law;

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            (ii)    information concerning the past or present business or affairs of the Company or Affiliates which includes, but is not limited to, historical and current financial statements, general ledgers, balance sheets and income statements; financial projections, plans, policies and budgets; accounting practices; tax returns and accountants’ materials; information pertaining to accounting, financial reporting and auditing; bank statements; notes; accounts payable and receivable; historical, current and projected sales; capital spending budgets and plans; business plans and strategic methods; marketing techniques and advertising plans; legal matters, including but not limited to litigation strategy and attorney-client privileged information; publications; information pertaining to prospective customers, customers, customer lists and files, vendors, contractors, business partners; joint ventures or acquisitions; pricing information; contracts; operational and/or administrative protocols, plans, or rules; human resource information including the names and backgrounds of key personnel, personnel issues, salaries, bonuses, and incentive plans; all other information regarding the operation and administration of Company or Affiliates; and all information obtained from review of Company’s or Affiliate’s documents or property or discussions with Company or Affiliates regardless of the form of the communication;

            (iii)     information not available to competitors of Company or Affiliates, the use or disclosure of which might reasonably be construed to be contrary to the interests of Company or Affiliates or give other persons or entities to whom such information is disclosed a competitive advantage over Company or Affiliates; and

            (iv)     all notes, analyses, compilations, studies, summaries and other material prepared by Company or Affiliates containing or based, in whole or in part, upon any information included in the above (collectively, the “Confidential Information”).

    (c)    Executive will not at any time, for so long as any Confidential Information remains confidential or otherwise remains wholly or partially protectable, use or disclose any Confidential Information, directly or indirectly, to any person outside of Company, or any corporation owned or controlled by the Company, or under common control with the Company (the “Affiliates”) unless compelled by judicial process.  Upon receipt of judicial process or governmental request for such information, to the extent permitted under applicable law, Executive shall immediately notify the Company and shall cooperate with the Company, at the Company’s sole cost and expense, in efforts to limit such disclosure and shall not make such disclosure unless compelled to do so. 

(d)     Promptly upon the termination of this Agreement for any reason or upon Company’s request at any time, the Executive (or in the event of the Executive's death, his personal representative) shall return, or at the Company’s election destroy, to the Company all property (whether prepared by or at the direction of the Company or Executive) including, but not limited to, devices, company keys, passwords, security badges, hardware, software, letters, handbooks, manuals, customer lists, corporate credit 

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card, originals and all copies of all documents, books, binders, records, materials, memoranda and other data constituting or pertaining to Confidential Information, in any form, within his possession, custody or control, including all copies of documents sent by electronic mail or otherwise to any personal computer owned or accessed by Executive.

(e)     Notwithstanding above, Executive shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret that is made in confidence to a Federal, State, or local government official or to an attorney solely for the purpose of reporting or investigating a suspected violation of law. In addition, Executive shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret that is made in a complaint or other document filed in a lawsuit, arbitration or other proceeding, if such filing is made under seal. If Executive files a lawsuit for retaliation by Company for reporting a suspected violation of law, he may disclose the trade secret to his attorney and use the trade secret information in the court or arbitration proceeding, so long as Executive files any document containing the trade secret under seal and does not disclose the trade secret, except pursuant to court or arbitral order.  Nothing in this Agreement is intended to conflict with 18 U.S.C. § 1833(b) or create liability for disclosures of trade secrets that are expressly allowed by 18 U.S.C. § 1833(b).

13.    Covenant Not to Compete and Non-Solicitation.
    
(a)     Executive will not, for a period commencing on the Effective Date and ending upon the expiration of twenty-four (24) months following the termination of the Executive's employment under this Agreement for any reason, including, without limitation, the expiration of the term of this Agreement (the “Non-competition Period”), either directly or indirectly, engage in, or have an interest in or be associated with (whether as an officer, director, stockholder, partner, associate, employee, consultant, owner, contractor, or otherwise) any corporation, firm or enterprise which is engaged in the same business as the Company, including, without limitation, the development, ownership, leasing, management, financing or sales of manufactured housing communities, recreational vehicle resorts, manufactured homes or marinas, anywhere within the continental United States or Canada; provided, however, that, notwithstanding anything to the contrary herein, (A) in the event that the Company terminates the Executive’s employment hereunder without Cause, the Non-competition Period shall be reduced to twelve (12) months, and (B) the Executive may invest in any publicly held corporation engaged, if such investment does not exceed one percent (1%) in value of the issued and outstanding capital stock of such corporation, and Executive does not directly or indirectly provide any services to such corporation.

(b)     For a period commencing on the date of this Agreement and ending upon the expiration of the Non-competition Period, the Executive shall not, either directly or indirectly, divert, or by aid to others, do anything which would tend to divert, from the Company or any Affiliate any trade or business with any customer or supplier with whom the Executive had any contact or association during the term of the Executive's employment with the Company or with any party whose identity or potential as a customer or supplier was confidential or learned by the Executive during his employment by the Company.

(c)     For a period commencing on the date of this Agreement and ending upon the expiration of the Non-competition Period, the Executive shall not, either directly or indirectly, call upon, compete for, solicit for employment, hire or engage as an employee 

13

or contractor any person with whom the Executive was acquainted while employed by the Company.

(d)    Notwithstanding the foregoing, other than manufactured housing communities, recreational vehicle resorts, manufactured homes, marinas or any other business or industry in which Company conducts business, Executive shall not be prohibited from making investments in any entity engaged in the business of development, ownership, leasing, sales, management or financing of single family or multi-family housing, condominiums, townhome communities or other forms of housing so long as he is not employed by, and he does not perform any services for, any such business (other than services incidental to the oversight of his investment).

14.     Reasonableness of Restrictive Covenants.

(a)Executive acknowledges and agrees that the restrictions set forth in this Agreement, including without limitation the time period, scope and geographical restrictions in Sections 12 and 13, are fair and reasonable.  Executive recognizes that Company conducts its business nationally and in Canada and that these restrictions are reasonably tailored to protect Company’s legitimate business interests and Confidential Information.  Executive has contemplated the effect that these restrictions may have upon him following termination of employment with Company and that it will be necessary to structure his activities and operations so as not to violate this Agreement.

(b)If Executive violates any part of Section 13 of this Agreement during the period specified, such period will be extended for the time that Executive is in violation of the Agreement.  The purpose of this provision is to provide Company with full compliance with Section 13 for the total period specified following Executive’s termination.

(c)If any court or arbitrator determines that any of the covenants, or any part of any covenant, is invalid or unenforceable, the remainder of the covenants shall not be affected and shall be given full effect, without regard to the invalid portion. If any court or arbitrator determines that any of the covenants, or any part of any covenant, is unenforceable because of its duration or geographic scope, such court or arbitrator shall have the power to reduce the duration or scope, as the case may be, and, enforce such provision in such reduced form.

(d)Sections 12 and 13 of this Agreement shall remain enforceable and shall survive the termination of Executive’s employment and the termination of this Agreement, indefinitely, and shall not be deemed merged or extinguished by any act or omission, absent the specific signed written intention of the Parties to do so. Executive agrees and understands that the remedy at law for any breach by him of Section 12 or Section 13 will be inadequate and that the damages flowing from such breach are not readily susceptible to being measured in monetary terms. Accordingly, it is acknowledged that, upon adequate proof of the Executive's violation of any legally enforceable provision of Section 12 or Section 13 but without the necessity of proving actual damages, the Company shall be entitled to immediate injunctive relief and may obtain a temporary order restraining any threatened or further breach from the Oakland County Circuit Court, other circuit court with appropriate jurisdiction, or through the Arbitrator (as defined below) as set forth below (in Company’s sole discretion). Nothing in this Section shall be deemed to limit the Company's remedies at law or in equity for any breach by the Executive of any of the provisions of Section 12 or Section 13 which may be pursued or availed of by the Company.

14

    15.    Arbitration.  Except as permitted in Section 14 above, any and all disputes, controversies or claims of any nature whatsoever relating to, or arising out of, this Agreement or Executive's employment, whether in contract, tort, or otherwise (including, without limitation, claims of wrongful termination of employment, claims under Title VII of the Civil Rights Act, the Fair Labor Standards Act, the Americans with Disabilities Act, the Age Discrimination in Employment Act, or comparable state or federal laws, and any other laws dealing with employees' rights and remedies), shall be settled by mandatory arbitration administered by the American Arbitration Association under its National Rules for the Resolution of Employment Disputes (the “Rules”) and the following provisions: (a) a single arbitrator (the “Arbitrator”), mutually agreeable to the Company and Executive, shall preside over the arbitration and shall make all decisions with respect to the resolution of the dispute, controversy or claim between the parties; (b) in the event that the Company and Executive are unable to agree on an Arbitrator within fifteen (15) days after either party has filed for arbitration in accordance with the Rules, they shall select a truly neutral arbitrator in accordance with the rules for the selection of neutral arbitrators, who shall be the “Arbitrator” for the purposes of this Section 15; (c) the place of arbitration shall be Southfield, Michigan unless mutually agreed otherwise; (d) judgment may be entered on any award rendered by the Arbitrator in any federal or state court having jurisdiction over the parties; (e) all fees and expenses of the Arbitrator shall be shared equally between Company and Executive; (f) the decision of the Arbitrator shall govern and shall be conclusive and binding upon the parties; (g) the parties shall be entitled to reasonable levels of discovery in accordance with the Federal Rules of Civil Procedure or as permitted by the Arbitrator, provided, however, that the time permitted for discovery shall not exceed eight (8) weeks and each party shall be limited to two (2) depositions; and (h) this provision shall be enforceable by specific performance and/or injunctive relief, and shall constitute a basis for dismissal of any legal action brought in violation of the duty to arbitrate.  The parties hereby acknowledge that it is their intent to expedite the resolution of any dispute, controversy or claim hereunder and that the Arbitrator shall schedule the timing of discovery and of the hearing consistent with that intent.  Notwithstanding anything to the contrary herein, nothing contained in this Section 15 shall be construed to preclude Company from obtaining injunctive or other equitable relief from the Oakland County Circuit Court or other court with appropriate jurisdiction to secure specific performance or to otherwise prevent Executive’s breach of Section 12 or Section 13 of this Agreement.  

    16.    Notice.  All notices, consents, waivers, and other communications under this Agreement must be in writing and will be deemed to have been duly given (a) if personally delivered, on the date of delivery, (b) if delivered by express courier service of national standing for next day delivery (with charges prepaid), on the business day following the date of delivery to such courier service, (c) if delivered by telecopy (with confirmation of delivery), on the date of transmission if on a business day before 5:00 p.m. local time of the recipient party (otherwise on the next succeeding business day); (d) if delivered by electronic mail upon confirmation of successful transmission or appropriate response, on the date of transmission if on a business day before 5:00 p.m. local time of the business address of the recipient party (otherwise on the next succeeding business day); and (e) if deposited in the United States mail, first-class postage prepaid, on the date of delivery, in each case, to the appropriate addresses or facsimile numbers 

15

set forth below (or to such other addresses or facsimile numbers as a party may designate by notice to the other parties in accordance with this Section 16):

        If to the REIT or SCOLP:

            Sun Communities, Inc.
            27777 Franklin Road, Suite 200
            Southfield, Michigan 48034
            Fax: (248) 208-2641
            Attn: Chief Executive Officer

        If to the Executive:

            To the address on file with the Company

        In all events, with a copy to:

Olshan Frome Wolosky LLP
1325 Avenue of the Americas
New York, NY 10025
c/o Kenneth M. Silverman, Esq. 
    
    17.    Cooperation in Future Matters.  Executive hereby agrees that, for a period of eighteen (18) months following his termination of employment for any reason whatsoever, he shall cooperate with the Company's reasonable requests relating to matters that pertain to Executive's employment by the Company, including, without limitation, providing information or limited consultation as to such matters, participating in legal proceedings, investigations or audits on behalf of the Company, or otherwise making himself reasonably available to the Company for other related purposes. Any such cooperation shall be performed at scheduled times taking into consideration Executive's other commitments, and Executive shall be compensated at a reasonable hourly or per diem rate to be agreed upon by the parties to the extent such cooperation is required on more than an occasional and limited basis. Executive shall not be required to perform such cooperation to the extent it conflicts with any requirements of exclusivity of services for another employer or otherwise, nor in any manner that in the good faith belief of Executive would conflict with his rights under or ability to enforce this Agreement.

    18.    Miscellaneous.

        (a)    The provisions of this Agreement are severable and if any one or more provisions may be determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions and any partially unenforceable provision to the extent enforceable in any jurisdiction nevertheless shall be binding and enforceable.

16

        (b)    Neither the Company nor the Executive may make any assignment of this Agreement or any interest herein, by operation of law or otherwise, without the prior written consent of the other party; provided that the Company may assign its rights under this Agreement without the consent of the Executive in the event that the Company shall effect a reorganization, consolidate with or merge into another corporation, partnership, organization or other entity, or transfer all or substantially all of its properties or assets to any other corporation, partnership, organization or other entity.  This Agreement shall inure to the benefit of and be binding upon the Company and the Executive, their respective successors, executors, administrators, heirs and permitted assigns.

        (c)    The failure of either party to enforce any provision or protections of this Agreement shall not in any way be construed as a waiver of any such provision or provisions as to any future violations thereof, nor prevent that party thereafter from enforcing each and every other provision of this Agreement.  The rights granted the parties herein are cumulative and the waiver of any single remedy shall not constitute a waiver of such party's right to assert all other legal remedies available to it under the circumstances.

        (d)    The Board shall allocate all compensation described in Sections 4, 5, 6, 8 and 10 between the REIT and SCOLP on an annual basis, after determining the services provided to each entity by the Executive for the relevant period.  For tax reporting purposes, all compensation will be appropriately reported to the Executive and Federal and state taxing authorities based upon the Executive’s legal relationship with each entity as determined under applicable law.  The Company may withhold from any amounts payable under this Agreement all federal, state, city or other taxes as the Company is required to withhold pursuant to any applicable law, regulation or ruling.

        (e)    This Agreement sets forth the entire agreement and understanding of the parties to it with respect to its subject matter, and supersedes all prior agreements, understandings and communications, whether written or oral, with respect to its subject matter.   All prior representations or agreements regarding the subject matter of this Agreement, whether written or verbal, not expressly incorporated in it, are superseded, and no changes in or additions to this Agreement shall be recognized unless and until made in writing and signed by all parties.  

        (f)    This Agreement shall be governed by and construed according to the laws of the State of Michigan.

        (g)    Captions and Section headings used herein are for convenience and are not a part of this Agreement and shall not be used in construing it.

        (h)    This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

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        (i)    Except as otherwise provided in Sections 10(f) and 12(c) above, each party shall pay his or its own fees and expenses, including, without limitation, legal fees, incurred in connection with the transactions contemplated by this Agreement, including, without limitation, any fees incurred in connection with any arbitration arising out of the transactions contemplated by this Agreement.

        (j)    The intent of the parties is that payments and benefits under this Agreement comply with Section 409A of the Code, to the extent subject thereto, and accordingly, to the maximum extent permitted, this Agreement shall be interpreted and administered to be in compliance therewith. In the event that any provision of Agreement or any other agreement or award referenced herein is mutually agreed by the parties to be in violation of Section 409A of the Code, the parties shall cooperate reasonably to attempt to amend or modify this Agreement (or other agreement or award) in order to avoid a violation of Section 409A of the Code while attempting to preserve the economic intent of the applicable provision to the extent permitted by Section 409A of the Code. Notwithstanding anything contained herein to the contrary, the Executive shall not be considered to have terminated employment with the Company for purposes of any payments under this Agreement which are subject to Section 409A of the Code until the Executive would be considered to have incurred a “separation from service” from the Company within the meaning of Section 409A of the Code. Each amount to be paid or benefit to be provided under this Agreement shall be construed as a separate identified payment for purposes of Section 409A of the Code. Without limiting the foregoing and notwithstanding anything contained herein to the contrary, to the extent required in order to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, amounts that would otherwise be payable and benefits that would otherwise be provided pursuant to this Agreement or any other arrangement between the Executive and the Company during the six−month period immediately following the Executive’s separation from service shall instead be paid on the first business day after the date that is six months following the Executive’s separation from service (or, if earlier, the Executive’s date of death). To the extent required to avoid an accelerated or additional tax under Section 409A of the Code, amounts reimbursable to the Executive under this Agreement shall be paid to the Executive on or before the last day of the year following the year in which the expense was incurred and the amount of expenses eligible for reimbursement (and in kind benefits provided to the Executive) during one year may not affect amounts reimbursable or provided in any subsequent year. The Company makes no representation that any or all of the payments described in this Agreement will be exempt from or comply with Section 409A of the Code and makes no undertaking to preclude Section 409A of the Code from applying to any such payment. For purposes of this Section 18(j), Section 409A of the Code shall include all Treasury regulations and any other guidance promulgated thereunder or published with respect thereto.

        (k)    Each party to this Agreement acknowledges and agrees it has received independent advice from legal counsel of his or its own choosing with respect to this Agreement, or that he or it has had adequate opportunity to seek independent advice from legal counsel of his or its own choosing.  Each party acknowledges and agrees  that Jaffe, 

18

Raitt Heuer & Weiss, Professional Corporation (“Jaffe”), has prepared this Agreement at the request of the parties as a “scrivener” and not in its capacity as legal representative for any specific party.  Each party acknowledges the others have used Jaffe’s legal services and agrees the others may continue to engage Jaffe. 

[Signatures on following page]

19

    IN WITNESS WHEREOF, the parties have executed this Employment Agreement effective as of the Effective Date.

                        REIT:

                        SUN COMMUNITIES, INC.,
                        a Maryland corporation

                        By:    /s/ Gary A. Shiffman    
Gary A. Shiffman, Chief Executive Officer

                        SCOLP:

SUN COMMUNITIES OPERATING LIMITED PARTNERSHIP, a Michigan limited partnership 
                        
                        By:    Sun Communities, Inc., a Maryland
                            corporation, its General Partner

                        By:    /s/ Gary A. Shiffman    
Gary A. Shiffman, Chief Executive Officer

                        EXECUTIVE:

                
                         /s/ Aaron Weiss               
                        AARON WEISS
[Signature Page to Employment Agreement]Exhibit
10.1

 

CONSULTING
AGREEMENT 

 

This
Consulting Agreement (the “Agreement”)
by and between Protara Therapeutics, Inc. (“Client”) and Martín Sebastian Olivo, M.D., an individual
(“Consultant”) is effective as of October 16, 2021 (the “Effective Date”).

 

RECITALS

 

WHEREAS
the parties desire for the Client to engage Consultant to perform the services described herein and for Consultant to provide such services
on the terms and conditions described herein; and

 

WHEREAS,
the parties desire to use Consultant’s independent skill and expertise pursuant to this Agreement as an independent contractor;

 

NOW
THEREFORE, in consideration of the promises and mutual agreements contained herein, the parties hereto, intending to be legally bound,
agree as follows:

 

1.
Engagement of Services. Consultant agrees to provide consulting services to include, among other things, assistance with employee
transition matters and other services upon request of the Chief Executive Officer (“Executive”) of the Client.
Consultant agrees to exercise the highest degree of professionalism and utilize his/her expertise and creative talents in performing
these services. Consultant agrees to make him/herself available to perform such consulting services throughout the Consulting Period,
and to be reasonably available to meet with the Client at its offices or otherwise.

 

2.
Compensation. In consideration for the services rendered pursuant to this Agreement and for the assignment of certain of Consultant’s
right, title and interest pursuant hereto, Client will pay Consultant a consulting fee of $41,538.00 for services rendered during
the Consulting Period, to be paid upon satisfactory completion of the Consulting Period.

 

3.
Ownership of Work Product. Consultant hereby irrevocably assigns, grants and conveys to Client all right, title and interest now
existing or that may exist in the future in and to any document, development, work product, know-how, design, processes, invention, technique,
trade secret, or idea, and all intellectual property rights related thereto, that is created by Consultant, to which Consultant contributes,
or which relates to Consultant’s services provided pursuant to this Agreement (the “Work Product”), including
all copyrights, trademarks and other intellectual property rights (including but not limited to patent rights) relating thereto. Consultant
agrees that any and all Work Product shall be and remain the property of Client. Consultant will immediately disclose to the Client all
Work Product. Consultant agrees to execute, at Client’s request and expense, all documents and other instruments necessary or desirable
to confirm such assignment. In the event that Consultant does not, for any reason, execute such documents within a reasonable time of
Client’s request, Consultant hereby irrevocably appoints Client as Consultant’s attorney-in-fact for the purpose of executing
such documents on Consultant’s behalf, which appointment is coupled with an interest. Consultant shall not attempt to register
any works created by Consultant pursuant to this Agreement at the U.S. Copyright Office, the U.S. Patent & Trademark Office, or any
foreign copyright, patent, or trademark registry. Consultant retains no rights in the Work Product and agrees not to challenge Client’s
ownership of the rights embodied in the Work Product. Consultant further agrees to assist Client in every proper way to enforce Client’s
rights relating to the Work Product in any and all countries, including, but not limited to, executing, verifying and delivering such
documents and performing such other acts (including appearing as a witness) as Client may reasonably request for use in obtaining, perfecting,
evidencing, sustaining and enforcing Client’s rights relating to the Work Product.

 

     

    

    

 

4.
Artist’s, Moral, and Other Rights. If Consultant has any rights, including without limitation “artist’s rights”
or “moral rights,” in the Work Product which cannot be assigned (the “Non-Assignable Rights”),
Consultant agrees to waive enforcement worldwide of such rights against Client. In the event that Consultant has any such rights that
cannot be assigned or waived Consultant hereby grants to Client a royalty-free, paid-up, exclusive, worldwide, irrevocable, perpetual
license under the Non-Assignable Rights to (i) use, make, sell, offer to sell, have made, and further sublicense the Work Product, and
(ii) reproduce, distribute, create derivative works of, publicly perform and publicly display the Work Product in any medium or format,
whether now known or later developed.

 

5.
Representations and Warranties. Consultant represents and warrants that: (a) Consultant has the full right and authority to
enter into this Agreement and perform his/her obligations hereunder; (b) Consultant has the right and unrestricted ability to assign
the Work Product to Client as set forth in Sections 3 and 4 (including without limitation the right to assign any Work Product created
by Consultant’s employees or contractors); (c) the Work Product has not heretofore been published in its entirety; and (d) the
Work Product will not infringe upon any copyright, patent, trademark, right of publicity or privacy, or any other proprietary right of
any person, whether contractual, statutory or common law. Consultant agrees to indemnify Client from any and all damages, costs, claims,
expenses or other liability (including reasonable attorneys’ fees) arising from or relating to the breach or alleged breach by
Consultant of the representations and warranties set forth in this Section 5.

 

6.
Independent Contractor Relationship. Consultant is an independent contractor and not an employee of the Client. Nothing in this Agreement
is intended to, or should be construed to, create a partnership, agency, joint venture or employment relationship. The manner and means
by which Consultant chooses to complete the consulting services are in Consultant’s sole discretion and control. In completing
the consulting services, Consultant agrees to provide his/her own equipment, tools and other materials at his/her own expense. Consultant
is not authorized to represent that he/she is an agent, employee, or legal representative of the Client. Consultant is not authorized
to make any representation, contract, or commitment on behalf of Client or incur any liabilities or obligations of any kind in the name
of or on behalf of the Client. Consultant shall be free at all times to arrange the time and manner of performance of the consulting
services. Consultant is not required to maintain any schedule of duties or assignments. Consultant is also not required to provide reports
to the Client. In addition to all other obligations contained herein, Consultant agrees: (a) to proceed with diligence and promptness
and hereby warrants that such services shall be performed in accordance with the highest professional standards in the field to the satisfaction
of the Client; and (b) to comply, at Consultant’s own expense, with the provisions of all state, local, and federal laws,
regulations, ordinances, requirements and codes which are applicable to the performance of the services hereunder.

 

7.
Consultant’s Responsibilities. As an independent contractor, the mode, manner, method and means used by Consultant in the performance
of services shall be of Consultant’s selection and under the sole control and direction of Consultant. Consultant shall be responsible
for all risks incurred in the operation of Consultant’s business and shall enjoy all the benefits thereof. Any persons employed
by or subcontracting with Consultant to perform any part of Consultant’s obligations hereunder shall be under the sole control
and direction of Consultant and Consultant shall be solely responsible for all liabilities and expenses thereof. The Client shall have
no right or authority with respect to the selection, control, direction, or compensation of such persons.

 

8.
Tax Treatment.  Consultant and the Client agree that the Client will treat Consultant as an independent contractor for purposes of
all tax laws (local, state and federal) and file forms consistent with that status. Consultant agrees, as an independent contractor,
that neither he/she nor his/her employees are entitled to unemployment benefits in the event this Agreement terminates, or workers’
compensation benefits in the event that Consultant, or any employee of Consultant, is injured in any manner while performing obligations
under this Agreement. Consultant will be solely responsible to pay any and all local, state, and/or federal income, social security and
unemployment taxes for Consultant and his/her employees. The Client will not withhold any taxes or prepare W-2 Forms for Consultant,
but will provide Consultant with a Form 1099, if required by law. Consultant is solely responsible for, and will timely file all tax
returns and payments required to be filed with, or made to, any federal, state or local tax authority with respect to the performance
of services and receipt of fees under this Agreement. Consultant is solely responsible for, and must maintain adequate records of, expenses
incurred in the course of performing services under this Agreement, except as provided herein. No part of Consultant’s compensation
will be subject to withholding by Client for the payment of any social security, federal, state or any other employee payroll taxes.
Client will regularly report amounts paid to Consultant with the appropriate taxing authorities, as required by law. 

 

    2

    

    

 

9.
No Employee Benefits. Consultant acknowledges and agrees that neither he/she nor anyone acting on his/her behalf shall receive any
employee benefits of any kind from the Client. Consultant (and Consultant’s agents, employees, and subcontractors) is excluded
from participating in any fringe benefit plans or programs as a result of the performance of services under this Agreement, without regard
to Consultant’s independent contractor status. In addition, Consultant (on behalf of its/his/herself and on behalf of Consultant’s
agents, employees, and contractors) waives any and all rights, if any, to participation in any of the Client’s fringe benefit plans
or programs including, but not limited to, health, sickness, accident or dental coverage, life insurance, disability benefits, severance,
accidental death and dismemberment coverage, unemployment insurance coverage, workers’ compensation coverage, and pension or 401(k)
benefit(s) provided by the Client to its employees.

 

10.
Expenses and Liabilities. Consultant agrees that as an independent contractor, he/she is solely responsible for all expenses (and
profits/losses) he/she incurs in connection with the performance of services. Consultant understands that he/she will not be reimbursed
for any supplies, equipment, or operating costs, nor will these costs of doing business be defrayed in any way by the Client. In addition,
the Client does not guarantee to Consultant that fees derived from Consultant’s business will exceed Consultant’s costs.

 

11.
Non-Exclusivity. The Client reserves the right to engage other consultants to perform services, without giving Consultant a right
of first refusal or any other exclusive rights. Consultant reserves the right to perform services for other persons, provided that the
performance of such services do not conflict or interfere with services provided pursuant to or obligations under this Agreement. 

 

12.
No Conflict of Interest. During the term of this Agreement, unless written permission is given by the Executive, Consultant will
not accept work, enter into a contract, or provide services to any third party that provides products or services which compete with
the products or services provided by the Client nor may Consultant enter into any agreement or perform any services which would conflict
or interfere with the services provided pursuant to or the obligations under this Agreement. Consultant warrants that there is no other
contract or duty on his/her part that prevents or impedes Consultant’s performance under this Agreement. Consultant agrees to indemnify
Client from any and all loss or liability incurred by reason of the alleged breach by Consultant of any services agreement with any third
party.

 

13.
Confidential Information. Consultant agrees to hold Client’s Confidential Information (as defined below) in strict confidence
and not to disclose such Confidential Information to any third parties. Consultant also agrees not to use any of Client’s Confidential
Information for any purpose other than performance of Consultant’s services hereunder. “Confidential Information”
as used in this Agreement shall mean all information disclosed by Client to Consultant, or otherwise, regarding Client or its business
obtained by Consultant pursuant to services provided under this Agreement that is not generally known in the Client’s trade or
industry and shall include, without limitation, (a) concepts and ideas relating to the development and distribution of content in any
medium or to the current, future and proposed products or services of Client or its subsidiaries or affiliates; (b) trade secrets, drawings,
inventions, know-how, software programs, and software source documents; (c) information regarding plans for research, development, new
service offerings or products, marketing and selling, business plans, business forecasts, budgets and unpublished financial statements,
licenses and distribution arrangements, prices and costs, suppliers and customers; and (d) any information regarding the skills and compensation
of employees, contractors or other agents of the Client or its subsidiaries or affiliates. Confidential Information also includes proprietary
or confidential information of any third party who may disclose such information to Client or Consultant in the course of Client’s
business. Consultant’s obligations set forth in this Section shall not apply with respect to any portion of the Confidential Information
that Consultant can document by competent proof that such portion: (i) is in the public domain through no fault of Consultant; (ii) has
been rightfully independently communicated to Consultant free of any obligation of confidence; or (iii) was developed by Consultant independently
of and without reference to any information communicated to Consultant by Client. In addition, Consultant may disclose Client’s
Confidential Information in response to a valid order by a court or other governmental body, as otherwise required by law. All Confidential
Information furnished to Consultant by Client is the sole and exclusive property of Client or its suppliers or customers. Upon request
by Client, Consultant agrees to promptly deliver to Client the original and any copies of such Confidential Information. Notwithstanding
the foregoing or anything to the contrary in this Agreement or any other agreement between Client and Consultant, nothing in this Agreement
shall limit Consultant’s right to discuss Consultant’s engagement with the Client or report possible violations of law or
regulation with the Equal Employment Opportunity Commission, United States Department of Labor, the National Labor Relations Board, the
Securities and Exchange Commission, or other federal government agency or similar state or local agency or to discuss the terms and conditions
of Consultant’s engagement with others to the extent expressly permitted by applicable provisions of law or regulation, including
but not limited to "whistleblower" statutes or other similar provisions that protect such disclosure. Further, notwithstanding
the foregoing, pursuant to 18 U.S.C. Section 1833(b), Consultant shall not be held criminally or civilly liable under any Federal or
State trade secret law for the disclosure of a trade secret that: (1) is made in confidence to a Federal, State, or local government
official, either directly or indirectly, or to an attorney, and solely for the purpose of reporting or investigating a suspected violation
of law; or (2) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.

 

    3

    

    

 

13.1
Personal Information. With respect to any Confidential Information that constitutes personal data, personal information, personally
identifiable information or similar information under applicable privacy or data security laws (collectively, “Personal Information”),
Consultant shall not (i) sell Personal Information or (ii) retain, use or disclose Personal Information for any purpose other than the
specific purpose of providing the Services. For the avoidance of doubt, the foregoing prohibits Consultant from “selling”
Personal Information, as defined in the California Consumer Privacy Act of 2018 (as amended, the “CCPA”), and
from retaining, using, or disclosing Personal Information outside of the direct business relationship between Consultant and Client or
for a “commercial purpose” (as defined in the CCPA). Consultant hereby certifies that it understands the obligations under
this Section and will comply with them.

 

(a)
Consultant shall use reasonable security measures appropriate to the nature of any Personal Information in its possession or control
to protect the Personal Information from unauthorized access, destruction, use, modification, or disclosure.

 

(b)
The parties acknowledge and agree that Consultant’s access to Personal Information is not part of the consideration exchanged
by the parties in respect of the Agreement.

 

(c)
If any individual contacts Consultant to make a request pertaining to their Personal Information, Consultant shall promptly forward
the request to Client and shall not respond to the individual except as instructed by Client. Consultant shall promptly take such actions
and provide such information as Client may request to help Client fulfill requests of individuals to exercise their rights under the
applicable privacy or data security laws, including, without limitation, requests to access, delete, opt-out of the sale of, or receive
information about the processing of, Personal Information pertaining to them. Consultant agrees to cooperate with Client to further amend
the Agreement as may be necessary to address compliance with applicable privacy or data security laws.

 

14.
Term and Termination.

 

14.1
Term.  The term of this Agreement and the “Consulting Period” is from the Effective Date and until November
22, 2021, unless earlier terminated as provided in this Agreement.

 

14.2
Termination. Either party may terminate this Agreement for any reason, or no reason, upon thirty (30) days’ advance written
notice. The Client may terminate this Agreement before its expiration immediately for Consultant’s Material Breach of this Agreement.
The parties agree that a “Material Breach” by Consultant shall occur if he/she: (i) fails to abide by any recognized
professional standard, including any ethical standard; (ii) fails to provide services as reasonably requested by the Executive; (iii)
secures full-time employment that prohibits his/her ability to provide services to the Client; (iv) breaches any other material obligations
of this Agreement, or (v) violates local, state, or federal laws.

 

14.3
Effect of Termination. Upon any termination or expiration of this Agreement, Consultant (i) shall immediately discontinue all use
of Client’s Confidential Information delivered under this Agreement; (ii) shall delete any such Client Confidential Information
from Consultant’s computer storage or any other media, including, but not limited to, online and off-line libraries; and (iii)
shall return to Client, or, at Client’s option, destroy, all copies of such Confidential Information then in Consultant’s
possession. In the event the Client terminates this Agreement, or if Consultant terminates this Agreement, Consultant will not receive
any additional consulting fees or other compensation as of the date of termination. 

 

14.4
Survival. The rights and obligations contained in Sections 3-6, 8-9, 13, 14.3, 14.4, and 15-24 will survive any termination or expiration
of this Agreement.

 

15.
Indemnification. Consultant shall indemnify and hold harmless the Client and its officers, directors, agents, owners, and employees,
for any claims brought or liabilities imposed against the Client by Consultant or any of his/her employees or by any other party (including
private parties, governmental bodies and courts), including claims related to worker’s compensation, wage and hour laws, employment
taxes, and benefits, and whether relating to Consultant’s status as an independent contractor, the status of his/her personnel,
or any other matters involving the acts or omissions of Consultant and his/her personnel. Indemnification shall be for any and all losses
and damages, including costs and attorneys’ fees.

 

    4

    

    

 

16.
Insurance. Consultant will obtain for him/herself and his/her personnel before providing services, at his/her own expense, General
Liability (GL) insurance coverage for consulting services performed under this Agreement and (if available under state law) worker’s
compensation coverage.

 

17.
Successors and Assigns. Consultant may not subcontract or otherwise delegate his/her obligations under this Agreement without Client’s
prior written consent. Client may assign this Agreement. Subject to the foregoing, this Agreement will be for the benefit of Client’s
successors and assigns, and will be binding on Consultant’s subcontractors or delegatees.

 

18.
Notices. Any notice required or permitted by this Agreement shall be in writing and shall be delivered as follows with notice deemed
given as indicated: (i) by overnight courier upon written verification of receipt; or (ii) by telecopy or facsimile transmission upon
acknowledgment of receipt of electronic transmission. Notice shall be sent to the addresses set forth below or such other address as
either party may specify in writing.

 

19.
Governing Law. This Agreement shall be governed in all respects by the laws of the State of New York, as such laws are applied to
agreements entered into and to be performed entirely within New York between New York residents. Any suit involving this Agreement shall
be brought in a court sitting in New York. The parties agree that venue shall be proper in such courts, and that such courts will have
personal jurisdiction over them.

 

20.
Severability. Should any provisions of this Agreement be held by a court of law to be illegal, invalid or unenforceable, the legality,
validity and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby.

 

21.
Waiver. The waiver by Client of a breach of any provision of this Agreement by Consultant shall not operate or be construed as a
waiver of any other or subsequent breach by Consultant.

 

22.
Injunctive Relief for Breach.  Consultant’s obligations under this Agreement are of a unique character that gives them particular
value; breach of any of such obligations will result in irreparable and continuing damage to Client for which there will be no adequate
remedy at law; and, in the event of such breach, Client will be entitled to injunctive relief and/or a decree for specific performance,
and such other and further relief as may be proper (including monetary damages if appropriate and attorney’s fees).

 

23.
Entire Agreement. This Agreement, along with any agreements relating to proprietary rights between Consultant and the Client, set
forth the terms of Consultant’s engagement with the Client and supersede any prior representations or agreements including, but
not limited to, any representations made during interviews or negotiations, whether written or oral. Consultant acknowledges and agrees
that Consultant is not relying on any representations other than the terms set forth in this Agreement. This Agreement shall not be changed,
modified, supplemented or amended except by express written agreement signed by Consultant and the Client.

 

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24.
Arbitration of All Disputes.  To ensure the timely and economical resolution of disputes that may arise between Consultant and Client,
both Consultant and Client mutually agree that pursuant to the Federal Arbitration Act, 9 U.S.C. §1-16, and to the fullest extent
permitted by applicable law, they will submit solely to final, binding and confidential arbitration any and all disputes, claims, or
causes of action arising from or relating to: (i) the negotiation, execution, interpretation, performance, breach or enforcement
of this Agreement; or (ii) the relationship between Client and Consultant; or (iii) the termination of that relationship;
provided, however, that this Section shall not apply to any claim or cause of action that cannot be subject to arbitration as
a matter of law. By agreeing to this arbitration procedure, both CONSULTANT and CLIENT waive
the right to resolve any such disputes through a trial by jury or judge or through an administrative proceeding. The Arbitrator
shall have the sole and exclusive authority to determine whether a dispute, claim or cause of action is subject to arbitration under
this Section and to determine any procedural questions which grow out of such disputes, claims or causes of action and bear on their
final disposition. All claims, disputes, or causes of action under this Section, whether by Consultant or Client, must be brought solely
in an individual capacity, and shall not be brought as a plaintiff (or claimant) or class member in any purported class or representative
proceeding, nor joined or consolidated with the claims of any other person or entity. The Arbitrator may not consolidate the claims of
more than one person or entity, and may not preside over any form of representative or class proceeding.  To the extent that the
preceding sentences in this Section are found to violate applicable law or are otherwise found unenforceable, any claim(s) alleged or
brought on behalf of a class shall proceed in a court of law rather than by arbitration. Any arbitration proceeding under this Section
shall be presided over by a single arbitrator and conducted by JAMS, Inc. (“JAMS”) in New York, New York under
the then applicable JAMS streamlined rules for the resolution of disputes (available upon request and also currently available at 
http://www.jamsadr.com/rules-streamlined-arbitration/). Consultant
and Client both have the right to be represented by legal counsel at any arbitration proceeding, at each party’s own expense. The
Arbitrator shall: (i) have the authority to compel adequate discovery for the resolution of the dispute; (ii) issue a written
arbitration decision, to include the arbitrator’s essential findings and conclusions and a statement of the award; and (iii)
be authorized to award any or all remedies that Consultant or Client would be entitled to seek in a court of law. Client and Consultant
shall equally share all JAMS’ arbitration fees. To the extent JAMS does not collect or Consultant otherwise does not pay to JAMS
an equal share of all JAMS’ arbitration fees for any reason, and Client pays JAMS Consultant’s share, Consultant acknowledges
and agrees that Client shall be entitled to recover from Consultant half of the JAMS arbitration fees invoiced to the parties (less any
amounts Consultant paid to JAMS) in a federal or state court of competent jurisdiction. Nothing in this Section is intended to prevent
either Consultant or Client from obtaining injunctive relief in court to prevent irreparable harm pending the conclusion of any such
arbitration. Any final award in any arbitration proceeding hereunder may be entered as a judgment in the federal and state courts of
any competent jurisdiction and enforced accordingly. 

 

25.
Applicability to Past Activities. Consultant agrees that if and to the extent that Consultant provided any services or made efforts
on behalf of or for the benefit of the Client, or related to the current or prospective business of the Client in anticipation of Consultant’s
involvement with the Client, that would have been “Services” if performed during the term of this Agreement (the “Prior
Consulting Period”) and to the extent that during the Prior Consulting Period: (i) Consultant received access to any information
from or on behalf of the Client that would have been “Confidential Information” (as defined above) if Consultant received
access to such information during the term of this Agreement; or (ii) Consultant conceived, created, authored, invented, developed or
reduced to practice any item (including any intellectual property rights with respect thereto) on behalf of or for the benefit of the
Client, or related to the current or prospective business of the Client in anticipation of Consultant’s involvement with the Client,
that would have been “Work Product” (as defined above) if conceived, created, authored, invented, developed or reduced to
practice during the term of this Agreement; then any such information shall be deemed “Confidential Information” hereunder
and any such item shall be deemed “Work Product” hereunder, and this Agreement shall apply to such activities, information
or item as if disclosed, conceived, created, authored, invented, developed or reduced to practice during the term of this Agreement.
Consultant further acknowledges that Consultant has been fully compensated for all services provided during any such Prior Consulting
Period.

 

[The remainder of this page is intentionally blank. Signature page follows.]

 

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In
Witness Whereof, the parties have executed this Agreement
effective as of the date first written above.

 

	“Client”	 	“Consultant”
	 	 	 	 	 
	Protara
    Therapeutics, Inc.	 	Martín
    Sebastian Olivo, M.D.
	 	 	 	 	 
	By:	/s/
    Jesse Shefferman	 	/s/ Martín Sebastian Olivo, M.D.
	Name
    (print)  :	Jesse
    Shefferman	 	Name
    (print):  	Martín
    Sebastian Olivo, M.D.
	Title:	CEO

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