Document:

Form of Stock Option Agreement

 Exhibit 10.2 
  
 ISTA PHARMACEUTICALS, INC. 
 STOCK OPTION AGREEMENT 
 UNDER THE 
 2004 PERFORMANCE INCENTIVE PLAN 
  
 Type of Option (check one):         ̈    Incentive         ̈    Nonqualified 
  
 This Stock Option Agreement (the “Agreement”) is entered into as of                     , 200  , by and
between ISTA Pharmaceuticals, Inc., a Delaware corporation (the “Company”), and              (the “Optionee”) pursuant to the Company’s 2004 Performance Incentive
Plan, as amended from time to time (the “Plan”). Any capitalized term not defined herein shall have the same meaning ascribed to it in the Plan. 
  
 1. Grant of Option. The Company hereby grants to Optionee an option (the “Option”) to purchase all or any portion of a
total of _____________________________ (__________) shares (the “Shares”) of the Common Stock of the Company at a purchase price of _________________________ ($__________) per share (the “Exercise Price”), subject to the terms
and conditions set forth herein and the provisions of the Plan. If the box marked “Incentive” above is checked, then this Option is intended to qualify as an “incentive stock option” as defined in Section 422 of the Internal
Revenue Code of 1986, as amended (the “Code”). If this Option fails in whole or in part to qualify as an incentive stock option, or if the box marked “Nonqualified” is checked, then this Option shall to that extent constitute a
nonqualified stock option. 
  
 2. Vesting of
Option. The right to exercise this Option shall vest in installments, and this Option shall be exercisable from time to time in whole or in part as to any vested installment (“Vested Shares”).
             percent (            %) of the Shares shall become Vested Shares on the first anniversary of the date
hereof and thereafter, the balance of the Shares shall become Vested Shares in a series of             
(            ) successive equal monthly installments for each month of Continuous Service provided by the Optionee, such that 100% of the Shares shall become Vested Shares on the
             (      th) anniversary of the date hereof. 
  

In the event of a termination of Optionee’s “Continuous Service” (as defined below), no Shares that had not become Vested Shares prior
to such termination shall vest thereafter, but this Option shall continue to be exercisable in accordance with Section 3 hereof with respect to that number of shares that have vested as of the date of termination of Optionee’s Continuous
Service. 
  
 As used herein, the term “Continuous
Service” means (i) employment by either the Company or any parent or subsidiary corporation of the Company, or by a corporation or a parent or subsidiary of a corporation issuing or assuming a stock option in a transaction to which Section
424(a) of the Code applies, which is uninterrupted except for vacations, illness (except for permanent disability, as defined in Section 22(e)(3) of the Code), or leaves of absence which are approved in writing by the Company or any of such other
employer corporations, if applicable, (ii) service as a member of the Board of Directors of the Company until Optionee resigns, is removed from office, or Optionee’s term of office expires and he or she is not reelected, or (iii) the
Optionee’s performance of service while engaged as a Service Provider to the Company or other corporation referred to in clause (i) above. The Optionee’s Continuous Service shall not terminate merely because of a change in the capacity in
which the Optionee renders service to the Company or a corporation or subsidiary corporation described in clause (i) above. For example, a change in the Optionee’s status from a 

 
director to a Service Provider will not constitute an interruption of the Optionee’s Continuous Service, provided there is no interruption in the
Optionee’s performance of such services. 
  
 3.
Term of Option. 
  
 3.1
Expiration, Disability, Death or Other Employment Termination. The right of the Optionee to exercise this Option shall terminate upon the first to occur of the following: 
  
 (a) the expiration of ten (10) years from the date of this
Agreement; 
  
 (b) the expiration of one (1) year
from the date of termination of Optionee’s Continuous Service if such termination is due to permanent disability of the Optionee (as defined in Section 22(e)(3) of the Code); 
  
 (c) the expiration of one (1) year from the date of termination of Optionee’s Continuous Service if
such termination is due to Optionee’s death or if death occurs during the three-month period following termination of Optionee’s Continuous Service pursuant to Section 3(d) below, as the case may be; 
  
 (d) the expiration of three (3) months from the date of
termination of Optionee’s Continuous Service if such termination occurs for any reason other than permanent disability, death or cause; 
  
 (e) the termination of Optionee’s Continuous Service, if such termination is for cause; or 
  
 (f) upon the consummation of a “Change in Control”
(as defined in the Plan), unless such Option is otherwise assumed or replaced with a new option of comparable value or other “New Incentives” pursuant to Section 8 below. 
  
 4. Exercise of Option. On or after the vesting of any portion of this Option in accordance with
Sections 2 or 8 hereof, and until termination of the right to exercise this Option in accordance with Section 3 above, the portion of this Option which has vested may be exercised in whole or in part by the Optionee (or, after his or her death, by
the person designated in Section 5 below) upon delivery of the following to the Company at its principal executive offices: 
  
 (a) a written notice of exercise which identifies this Agreement (including the Grant Number listed on the first page of this Agreement)
and states the number of Shares then being purchased (but no fractional Shares may be purchased); 
  
 (b) a check or cash in the amount of the Exercise Price (or payment of the Exercise Price in such other form of lawful consideration as
the Administrator may approve from time to time under the provisions of the Plan); 
  
 (c) a check or cash in the amount reasonably requested by the Company to satisfy the Company’s withholding obligations under federal,
state or other applicable tax laws with respect to the taxable income, if any, recognized by the Optionee in connection with the exercise of this Option (unless the Company and Optionee shall have made other arrangements for deductions or
withholding from Optionee’s wages, bonus or other compensation payable to Optionee, or by the withholding of Shares issuable upon exercise of this Option or the delivery of 

  

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Shares owned by the Optionee in accordance with the Plan, provided such arrangements satisfy the requirements of applicable tax laws); and 
  
 (d) a letter, if requested by the Company, in such form and
substance as the Company may require, setting forth the investment intent of the Optionee, or person designated in Section 5 below, as the case may be. 
  
 5. Death of Optionee; No Assignment. The rights of the Optionee under this Agreement may not be assigned or transferred except by
will or by the laws of descent and distribution or pursuant to a Domestic Relations Order entered by a court of competent jurisdiction, and may be exercised during the lifetime of the Optionee only by such Optionee. Any attempt to sell, pledge,
assign, hypothecate, transfer or dispose of this Option in contravention of this Agreement or the Plan shall be void and shall have no effect. If the Optionee’s Continuous Service terminates as a result of his or her death, and provided
Optionee’s rights hereunder shall have vested pursuant to Section 2 hereof, Optionee’s legal representative, his or her legatee, or the person who acquired the right to exercise this Option by reason of the death of the Optionee
(individually, a “Successor”) shall succeed to the Optionee’s rights and obligations under this Agreement. After the death of the Optionee, only a Successor may exercise this Option. 
  
 6. Representation of Optionee. Optionee acknowledges
receipt of a copy of the Plan and understands that all rights and obligations connected with this Option are set forth in this Agreement and the Plan. 
  
 7. Adjustments Upon Changes in Capital Structure. In the event that the outstanding shares of Common Stock of the Company are
hereafter increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of a recapitalization, stock split, combination of shares, reclassification, stock dividend or other
change in the capital structure of the Company, then appropriate adjustment shall be made by the Administrator to the number of Shares subject to the unexercised portion of this Option and to the Exercise Price per share, in order to preserve, as
nearly as practical, but not to increase, the benefits of the Optionee under this Option, in accordance with the provisions of the Plan. 
  
 8. Change in Control. In the event of a Change in Control (as defined in the Plan): 
  
 (a) The right to exercise this Option shall accelerate
automatically and vest in full (notwithstanding the provisions of Section 2 above) effective as of immediately prior to the consummation of the Change in Control unless this Option is to be assumed by the acquiring or successor entity (or parent
thereof) or a new option or New Incentives are to be issued in exchange therefor, as provided in subsection (b) below. If vesting of this Option will accelerate pursuant to the preceding sentence, the Administrator in its discretion may provide, in
connection with the Change in Control transaction, for the purchase or exchange of this Option for an amount of cash or other property having a value equal to the difference (or “spread”) between: (x) the value of the cash or other
property that the Optionee would have received pursuant to the Change in Control transaction in exchange for the Shares issuable upon exercise of this Option had this Option been exercised immediately prior to the Change in Control, and (y) the
aggregate Exercise Price for such Shares. If the vesting of this Option will accelerate pursuant to this subsection (a), then the Administrator shall cause written notice of the Change in Control transaction to be given to the Optionee not less than
fifteen (15) days prior to the anticipated effective date of the proposed transaction. 
  

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 (b) The vesting of this Option shall not accelerate if and to the extent that: (i) this
Option (including the unvested portion thereof) is to be assumed by the acquiring or successor entity (or parent thereof) or a new option of comparable value is to be issued in exchange therefor pursuant to the terms of the Change in Control
transaction, or (ii) in the event the consideration to be received by the stockholders of the Company in connection with the Change in Control does not consist of securities, this Option (including the unvested portion thereof) is to be replaced by
the acquiring or successor entity (or parent thereof) with other incentives of comparable value under a new incentive program (“New Incentives”) containing such terms and provisions as the Administrator in its discretion may consider
equitable. If this Option is assumed, or if a new option of comparable value is issued in exchange therefor, then this Option or the new option shall be appropriately adjusted, concurrently with the Change in Control, to apply to the number and
class of securities or other property that the Optionee would have received pursuant to the Change in Control transaction in exchange for the Shares issuable upon exercise of this Option had this Option been exercised immediately prior to the Change
in Control, and appropriate adjustment also shall be made to the Exercise Price such that the aggregate Exercise Price of this Option or the new option shall remain the same as nearly as practicable. 
  
 (c) If the provisions of subsection (b) above apply, then
this Option, the new option or the New Incentives shall continue to vest in accordance with the provisions of Section 2 hereof and shall continue in effect for the remainder of the term of this Option in accordance with the provisions of Section 3
hereof. 
  
 9. No Employment Contract
Created. Neither the granting of this Option nor the exercise hereof shall be construed as granting to the Optionee any right with respect to continuance of employment by the Company or any of its subsidiaries. The right of the Company or
any of its subsidiaries to terminate at will the Optionee’s employment at any time (whether by dismissal, discharge or otherwise), with or without cause, is specifically reserved. 
  
 10. Rights as Stockholder. The Optionee (or transferee of this option by will or by the laws of descent
and distribution) shall have no rights as a stockholder with respect to any Shares covered by this Option until such person has duly exercised this Option, paid the Exercise Price and become a holder of record of the Shares purchased. 
  
 11. “Market Stand-Off” Agreement. Optionee
agrees that, if requested by the Company or the managing underwriter of any proposed public offering of the Company’s securities, Optionee will not sell or otherwise transfer or dispose of any Shares held by Optionee without the prior written
consent of the Company or such underwriter, as the case may be, during such period of time, not to exceed 180 days following the effective date of the registration statement filed by the Company with respect to such offering, as the Company or the
underwriter may specify. 
  
 12. Notice of
Disqualifying Disposition. To obtain certain tax benefits afforded to Incentive Options, an Optionee must hold the shares issued upon the exercise of an Incentive Option for two years after the date of grant of the Option and one year from
the date of exercise. By executing this Agreement, Optionee hereby agrees to promptly notify the Company’s Chief Financial Officer of any disposition of Shares within one year from the date this Option is exercised or within two years of the
date of grant of this Option. 
  
 13.
Interpretation. This Option is granted pursuant to the terms of the Plan, and shall in all respects be interpreted in accordance therewith. The Administrator shall interpret and construe 

  

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this Option and the Plan, and any action, decision, interpretation or determination made in good faith by the Administrator shall be final and binding on the
Company and the Optionee. As used in this Agreement, the term “Administrator” shall refer to the committee of the Board of Directors of the Company appointed to administer the Plan, and if no such committee has been appointed, the term
Administrator shall mean the Board of Directors. 
  
 14.
Limitation of Liability for Nonissuance. During the term of the Plan, the Company agrees at all times to reserve and keep available, and to use its reasonable best efforts to obtain from any regulatory body having jurisdiction any
requisite authority in order to issue and sell, such number of shares of its Common Stock as shall be sufficient to satisfy its obligations hereunder and the requirements of the Plan. Inability of the Company to obtain, from any regulatory body
having jurisdiction, authority deemed by the Company’s counsel to be necessary for the lawful issuance and sale of any shares of its Common Stock hereunder and under the Plan shall relieve the Company of any liability in respect of the
nonissuance or sale of such shares as to which such requisite authority shall not have been obtained. 
  
 15. Notices. Any notice, demand or request required or permitted to be given under this Agreement shall be in writing and shall be
deemed given when delivered personally or three (3) days after being deposited in the United States mail, as certified or registered mail, with postage prepaid, (or by such other method as the Administrator may from time to time deem appropriate),
and addressed, if to the Company, at its principal place of business, Attention: the Chief Financial Officer, and if to the Optionee, at his or her most recent address as shown in the employment or stock records of the Company. 
  
 16. Governing Law. This Agreement shall be construed in
accordance with the laws of the State of Delaware without reference to choice of law principles, as to all matters, including, but not limited to, matters of validity, construction, effect or performance. 
  
 17. Severability. Should any provision or portion of
this Agreement be held to be unenforceable or invalid for any reason, the remaining provisions and portions of this Agreement shall be unaffected by such holding. 
  
 18. Attorneys’ Fees. If any party shall bring an action in law or equity against another to
enforce or interpret any of the terms, covenants and provisions of this Agreement, the prevailing party in such action shall be entitled to recover from the other party reasonable attorneys’ fees and costs. 
  
 19. Counterparts. This Agreement may be executed in two
or more counterparts, each of which shall be deemed an original and all of which together shall be deemed one instrument. 
  
 [Signature Page Follows] 
  

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 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  

									
	 ISTA PHARMACEUTICALS, INC.
 a Delaware corporation
	 	 	 	OPTIONEE
				
	 By:
	 	 	 	 	 	 
	 	 	 	 	 	 	(Signature)
				
	 Its:
	 	 	 	 	 	 
	 	 	 	 	 	 	(Type or print name)
				
	 	 	 	 	 	 	Address:
				
	 	 	 	 	 	 	 
				
	 	 	 	 	 	 	 

  

 6Form of Restricted Stock Purchase Agreement

 Exhibit 10.3 
  
 ISTA PHARMACEUTICALS, INC. 
 RESTRICTED STOCK PURCHASE AGREEMENT 
 UNDER THE 
 2004 PERFORMANCE INCENTIVE PLAN 
  
 THIS RESTRICTED STOCK PURCHASE AGREEMENT (the “Agreement”) is entered into as of
                    , 20     by and between
                     (hereinafter referred to as “Purchaser”), and ISTA Pharmaceuticals, Inc., a Delaware corporation (hereinafter
referred to as the “Company”), pursuant to the Company’s 2004 Performance Incentive Plan, as amended from time to time (the “Plan”). Any capitalized term not defined herein shall have the same meaning ascribed to it in the
Plan. 
  
 R E C I T A L S: 
  
 A. Purchaser is an employee, director, consultant or other Service
Provider, and in connection therewith has rendered services for and on behalf of the Company. 
  
 B. The Company desires to issue shares of common stock to Purchaser for the consideration set forth herein to provide an incentive for Purchaser to remain a Service Provider of the Company and to exert added
effort towards its growth and success. 
  
 NOW, THEREFORE, in
consideration of the mutual covenants hereinafter set forth, and for other good and valuable consideration, the parties agree as follows: 
  
 1. Issuance of Shares. The Company hereby offers to issue to Purchaser an aggregate of ________________ (_________) shares of Common
Stock of the Company (the “Shares”) on the terms and conditions herein set forth. Unless this offer is earlier revoked in writing by the Company, Purchaser shall have ten (10) days from the date of the delivery of this Agreement to
Purchaser to accept the offer of the Company by executing and delivering to the Company two copies of this Agreement, without condition or reservation of any kind whatsoever, together with the consideration to be delivered by Purchaser pursuant to
Section 2 below. 
  
 2. Consideration. The
purchase price, if any, for the Shares shall be $             per share, or $             in the aggregate, which
shall be paid by the delivery of Purchaser’s check payable to the Company (or payment in such other form of lawful consideration as the Administrator may approve from time to time under the provisions of the Plan). 
  
 3. Vesting of Shares. 
  
 (a) Subject to Sections 3(b)-(d) below, the Shares
acquired hereunder shall vest and become “Vested Shares” as to                      percent
(            %) of the Shares on the first anniversary of the effective date of this Agreement, and thereafter, the balance of the Shares shall become Vested Shares in a series of
                     (            ) successive equal monthly installments
for each month of Continuous Service provided by the Purchaser, such that 100% of the Shares shall be Vested Shares on the
                     (            ) anniversary of this Agreement. Shares
which have not yet become vested are herein called “Unvested Shares.” No additional shares shall vest after the date of termination of Purchaser’s Continuous Service. 

 As used herein, the term “Continuous Service” means (i) employment by either the Company or any
parent or subsidiary corporation of the Company, or by a corporation or a parent or subsidiary of a corporation issuing or assuming a stock option in a transaction to which Section 424(a) of the Code applies, which is uninterrupted except for
vacations, illness (except for permanent disability, as defined in Section 22(e)(3) of the Code), or leaves of absence which are approved in writing by the Company or any of such other employer corporations, if applicable, (ii) service as a member
of the Board of Directors of the Company until Optionee resigns, is removed from office, or Optionee’s term of office expires and he or she is not reelected, or (iii) the Optionee’s performance of service while engaged as a Service
Provider to the Company or other corporation referred to in clause (i) above. The Optionee’s Continuous Service shall not terminate merely because of a change in the capacity in which the Optionee renders service to the Company or a corporation
or subsidiary corporation described in clause (i) above. For example, a change in the Optionee’s status from a director to a Service Provider will not constitute an interruption of the Optionee’s Continuous Service, provided there is no
interruption in the Optionee’s performance of such services. 
  
 (b) Notwithstanding Section 3(a), if Purchaser holds Shares at the time a Change in Control occurs, all Repurchase Rights shall automatically terminate immediately prior to the consummation of such Change in
Control, and the Shares subject to those terminated Repurchase Rights shall immediately vest in full, except to the extent that this Agreement is continued, assumed, or substituted for by the acquiring or successor entity (or parent thereof) in
connection with such Change in Control. If the Repurchase Rights automatically terminate in accordance with the provisions of this subsection (b), then the Administrator shall cause written notice of the Change in Control transaction to be given to
Purchaser not less than fifteen (15) days prior to the anticipated effective date of the proposed transaction. 
  
 (c) However, if in the event of a Change in Control the acquiring or successor entity (or parent thereof) provides for the
continuance or assumption of this Agreement or the substitution for this Agreement of a new agreement of comparable value covering shares of a successor corporation (with appropriate adjustments as to the number and kind of shares and the purchase
price), then the Repurchase Rights shall not terminate, and vesting of the Shares shall continue in accordance with Section 3(a) above. 
  
 (d) Notwithstanding any other terms of the Agreement to the contrary, if the Purchaser provides the Company within thirty (30) days
after the date specified in the first paragraph of the Agreement with a copy of a properly signed and dated written election as prescribed in Section 83(b) of the Internal Revenue Code of 1986 (as amended) (the “83(b) Election”), then a
portion of the Shares acquired hereunder shall vest and become “Vested Shares.” The number of Shares that shall vest under this Section 3(d) will have an aggregate fair market value on the date specified in the first paragraph of the
Agreement that is equal to the Purchaser’s total federal and state income tax and payroll tax withholding obligation arising in connection with the acquisition of the Shares noted on the 83(b) Election determined by the Company in its sole and
absolute discretion by applying the minimum statutory tax withholding rates for federal and state income tax and payroll tax purposes that are applicable to such supplemental taxable income. Notwithstanding any other terms of this Section 3(d), if
the number of Shares specified in the preceding sentence cannot be computed in whole Shares, then the number of Shares that shall vest under this Section 3(d) will be equal to the number of whole Shares the aggregate Fair Market Value of which most
closely approximates the Purchaser’s total federal and state income tax and payroll tax withholding obligation as determined in the preceding sentence without exceeding such amount. A form of 83(b) Election is attached hereto and labeled
Exhibit A. 
  

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 4. Reconveyance Upon Termination of Service. 
  
 (a) Repurchase Right. The Company shall have
the right (but not the obligation) to repurchase all or any part of the Unvested Shares (the “Repurchase Right”) in the event that the Purchaser’s Continuous Service terminates for any reason. Upon exercise of the Repurchase Right,
the Purchaser shall be obligated to sell his or her Unvested Shares to the Company, as provided in this Section 4. 
  
 (b) Consideration for Repurchase Right. The repurchase price of the Unvested Shares (the “Repurchase
Price”) shall be equal to the Purchase Price of such Unvested Shares. 
  
 (c) Procedure for Exercise of Reconveyance Option. For sixty (60) days after the Termination Date or other event described in this Section 4, the Company may exercise the Repurchase Right by
giving Purchaser and/or any other person obligated to sell written notice of the number of Unvested Shares which the Company desires to purchase. The Repurchase Price for the Unvested Shares shall be payable, at the option of the Company, by check
or by cancellation of all or a portion of any outstanding indebtedness of Purchaser to the Company, or by any combination thereof. 
  
 (d) Notification and Settlement. In the event that the Company has elected to exercise the Repurchase Right as to
part or all of the Unvested Shares within the period described above, Purchaser or such other person shall deliver to the Company certificate(s) representing the Unvested Shares to be acquired by the Company within thirty (30) days following the
date of the notice from the Company. The Company shall deliver to Purchaser against delivery of the Unvested Shares, checks of the Company payable to Purchaser and/or any other person obligated to transfer the Unvested Shares in the aggregate amount
of the Repurchase Price to be paid as set forth in paragraph 4(b) above. 
  
 (e) Deposit of Unvested Shares. Purchaser shall deposit with the Company certificates representing the Unvested Shares, together with a duly executed stock assignment separate from certificate in
blank, which shall be held by the Secretary of the Company. Purchaser shall be entitled to vote and to receive dividends and distributions on all such deposited Unvested Shares. 
  
 (f) Termination. The provisions of this Section 4 shall automatically terminate in
accordance with Section 3(b) above. 
  
 (g)
Assignment. The Company may assign its Repurchase Right under this Section 4 without the consent of the Purchaser. 
  
 5. Restrictions on Unvested Shares. Unvested Shares may not be sold, transferred, pledged, or otherwise disposed of, except that such
Unvested Shares may be transferred to a trust established for the sole benefit of the Purchaser and/or his or her spouse, children or grandchildren. Any Unvested Shares that are transferred as provided herein remain subject to the terms and
conditions of this Agreement. 
  
 6. Adjustments Upon
Changes in Capital Structure. In the event that the outstanding Shares of Common Stock of the Company are hereafter increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the
Company by reason of a 

  

 3 

 
recapitalization, stock split, combination of shares, reclassification, stock dividend, or other change in the capital structure of the Company, then
Purchaser shall be entitled to new or additional or different shares of stock or securities, in order to preserve, as nearly as practical, but not to increase, the benefits of Purchaser under this Agreement, in accordance with the provisions of the
Plan. Such new, additional or different shares shall be deemed “Shares” for purposes of this Agreement and subject to all of the terms and conditions hereof. 
  
 7. Shares Free and Clear. All Shares purchased by the Company pursuant to this Agreement shall be
delivered by Purchaser free and clear of all claims, liens and encumbrances of every nature (except the provisions of this Agreement and any conditions concerning the Shares relating to compliance with applicable federal or state securities laws),
and the purchaser thereof shall acquire full and complete title and right to all of such Shares, free and clear of any claims, liens and encumbrances of every nature (again, except for the provisions of this Agreement and such securities laws).

  
 8. Limitation of Company’s Liability for
Nonissuance; Unpermitted Transfers. 
  
 (a) The Company agrees to use its reasonable best efforts to obtain from any applicable regulatory agency such authority or approval as may be required in order to issue and sell the Shares to Purchaser pursuant to this Agreement.
The inability of the Company to obtain, from any such regulatory agency, authority or approval deemed by the Company’s counsel to be necessary for the lawful issuance and sale of the Shares hereunder and under the Plan shall relieve the Company
of any liability in respect of the nonissuance or sale of such Shares as to which such requisite authority or approval shall not have been obtained. 
  
 (b) The Company shall not be required to: (i) transfer on its books any Shares of the Company which shall have been sold or
transferred in violation of any of the provisions set forth in this Agreement, or (ii) treat as owner of such shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such shares shall have been so
transferred. 
  
 9. Notices. Any notice,
demand or request required or permitted to be given under this Agreement shall be in writing and shall be deemed given when delivered personally or three (3) days after being deposited in the United States mail, as certified or registered mail, with
postage prepaid, (or by such other method as the Administrator may from time to time deem appropriate), and addressed, if to the Company, at its principal place of business, Attention: the Chief Financial Officer, and if to the Purchaser, at his or
her most recent address as shown in the employment or stock records of the Company. 
  
 10. Binding Obligations. All covenants and agreements herein contained by or on behalf of any of the parties hereto shall bind and inure to the benefit of the parties hereto and their permitted
successors and assigns. 
  
 11. Captions and Section
Headings. Captions and section headings used herein are for convenience only, and are not part of this Agreement and shall not be used in construing it. 
  

12. Amendment. This Agreement may not be amended, waived, discharged, or terminated other than by written agreement of the
parties. 
  

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 13. Entire Agreement. This Agreement and the Plan constitute the entire agreement
between the parties with respect to the subject matter hereof and supersede all prior or contemporaneous written or oral agreements and understandings of the parties, either express or implied. 
  
 14. Assignment. Purchaser shall have no right, without
the prior written consent of the Company, to (i) sell, assign, mortgage, pledge or otherwise transfer any interest or right created hereby, or (ii) delegate his or her duties or obligations under this Agreement. This Agreement is made solely for the
benefit of the parties hereto, and no other person, partnership, association or corporation shall acquire or have any right under or by virtue of this Agreement. 
  
 15. Severability. Should any provision or portion of this Agreement be held to be unenforceable or
invalid for any reason, the remaining provisions and portions of this Agreement shall be unaffected by such holding. 
  
 16. Counterparts. This Agreement may be executed in one or more counterparts, all of which taken together shall constitute one
agreement and any party hereto may execute this Agreement by signing any such counterpart. This Agreement shall be binding upon Purchaser and the Company at such time as the Agreement, in counterpart or otherwise, is executed by Purchaser and the
Company. 
  
 17. Governing Law. This
Agreement shall be construed in accordance with the laws of the State of Delaware without reference to choice of law principles, as to all matters, including, but not limited to, matters of validity, construction, effect or performance. 

 
 18. No Agreement to Employ. Nothing in this Agreement
shall affect any right with respect to continuance of employment by the Company or any of its subsidiaries. The right of the Company or any of its subsidiaries to terminate at will the Purchaser’s employment at any time (whether by dismissal,
discharge or otherwise), with or without cause, is specifically reserved, subject to any other written employment agreement to which the Company and Purchaser may be a party. 
  
 19. “Market Stand-Off” Agreement. Purchaser agrees that, if requested by the Company or the
managing underwriter of any proposed public offering of the Company’s securities, Purchaser will not sell or otherwise transfer or dispose of any Shares held by Purchaser without the prior written consent of the Company or such underwriter, as
the case may be, during such period of time, not to exceed 180 days following the effective date of the registration statement filed by the Company with respect to such offering, as the Company or the underwriter may specify. 
  
 20. Tax Elections. Purchaser understands that Purchaser
(and not the Company) shall be responsible for the Purchaser’s own tax liability that may arise as a result of the acquisition of the Shares. Purchaser acknowledges that Purchaser has considered the advisability of all tax elections in
connection with the purchase of the Shares, including the making of an 83(b) Election; Purchaser further acknowledges that the Company has no responsibility for the making of such 83(b) Election. In the event Purchaser determines to make an 83(b)
Election, Purchaser agrees to timely provide a copy of the election to the Company as required under the Code. 
  
 21. Attorneys’ Fees. If any party shall bring an action in law or equity against another to enforce or interpret any of the
terms, covenants and provisions of this Agreement, the prevailing party in such action shall be entitled to recover from the other party reasonable attorneys’ fees and costs. 
  
 [Signature Page Follows] 
  

 5 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.

  

									
	THE COMPANY:	 	 	 	PURCHASER
			
	 ISTA PHARMACEUTICALS, INC.
	 	 	 	 
				
	 By: 
	 	 	 	 	 	 
				
	 Name: 
	 	 	 	 	 	 
	 	 	 	 	 	 	(Print Name)
				
	 Title: 
	 	 	 	 	 	Address:
				
	 	 	 	 	 	 	 
				
	 	 	 	 	 	 	 

 CONSENT AND RATIFICATION OF SPOUSE 
  
 The undersigned, the spouse of
                                        ,
a party to the attached Restricted Stock Purchase Agreement (the “Agreement”), dated as of
                            , hereby consents to the execution of said Agreement by such party; and
ratifies, approves, confirms and adopts said Agreement, and agrees to be bound by each and every term and condition thereof as if the undersigned had been a signatory to said Agreement, with respect to the Shares (as defined in the Agreement) made
the subject of said Agreement in which the undersigned has an interest, including any community property interest therein. 
  
 I also acknowledge that I have been advised to obtain independent counsel to represent my interests with respect to this Agreement but that I have
declined to do so and I hereby expressly waive my right to such independent counsel. 
  

									
			
	 Date:
                    
	 	 	 	 
	 	 	 	 	 	 	(Signature)
				
	 	 	 	 	 	 	 
	 	 	 	 	 	 	(Print Name)

 EXHIBIT A 
  

ELECTION TO INCLUDE IN GROSS INCOME IN YEAR OF GRANT OF RESTRICTED SHARES 
 PURSUANT TO SECTION 83(b) OF THE INTERNAL REVENUE CODE OF 1986 (AS AMENDED) 
  
 The undersigned hereby elects pursuant to Section 83(b) of the Internal Revenue Code of 1986 (as amended) with respect to the property described below and
supplies the following information in accordance with the regulations promulgated thereunder: 
  

	1.	The Name, Address and Taxpayer Identification Number of the person making this election and such person’s spouse, if any: 

  

	    	Name:                                     
                                        

  

	    	Address:                                     
                                     

  

	    	                 ___________________________________ 

  

	    	Taxpayer Identification Number: ________________ 

  

	2.	Description of the property with respect to which the election is being made: 

  

	    	                 (number of shares) of Common Stock, par value
$             per share, of ISTA Pharmaceuticals, Inc. 

  

	3.	The date on which property was transferred is                     
(date specified in first paragraph of the Agreement). 

  

	4.	The taxable year to which this election relates is calendar year             .

  

	5.	The Fair Market Value. 

  
 The fair market value on the date specified in Item 3 above (determined without regard to any restrictions other than restrictions which by their terms
never lapse) of the property with respect to which this election is being made is $             per share. 
  

	6.	Amount paid for the property transferred. 

  

	    	The amount paid by the taxpayer for the property specified in Item 2 above is $             per share.

  

	7.	Furnishing statement to the Company. 

  

	    	A copy of this statement has been furnished to ISTA Pharmaceuticals, Inc. 

  

			
	 Dated:
                    
	 	 
	 	 	(name of taxpayer)

  

 A-1

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