Document:

Exhibit 10.2

 

 

EXECUTION COPY

 

SHARED SERVICES AGREEMENT

 

This SHARED SERVICES
AGREEMENT (this “Agreement”) is dated May 23, 2013 (“Signature Date”), is made effective
as of the Effective Date (defined below), and is entered into by and between Oculus Innovative Sciences, Inc., a Delaware corporation
(“Oculus”), and Ruthigen, Inc., a Nevada corporation (“Ruthigen”). Oculus and Ruthigen are
sometimes referred to herein collectively as the “Parties” and each individually as a “Party.”

 

RECITALS

 

WHEREAS, Ruthigen is,
as of the Signature Date, a subsidiary of Oculus and was created to carry on separately certain operations;

 

WHEREAS, Ruthigen will
seek to raise equity in an IPO (defined below) and, in connection therewith, to issue shares of its capital stock to investors
to be used to finance its operations;

 

WHEREAS, Ruthigen may
use certain space at the Facilities (defined below) in addition to maintaining its own separate facilities;

 

WHEREAS, Oculus has
provided and, at the request of Ruthigen, shall continue to provide to Ruthigen through the closing of the IPO the Standard Activities
(defined below) on a non-billed basis and, Ruthigen may request  Standard Activities after the IPO on a non-billable basis;

 

WHEREAS, Oculus
has provided and, at the request of Ruthigen, shall continue to provide to Ruthigen through the closing of the IPO the
General Services (defined below) and Consulting Services (defined below), which amounts have been charged to the general
ledger investment account maintained by Oculus in accordance with US GAAP and are not payable by Ruthigen, and, Ruthigen may
request additional General Services, as well as Consulting Services, after the IPO on a billed basis pursuant to Statements
of Work (defined below);

 

WHEREAS, pursuant to
that certain License and Supply Agreement dated as of the Signature Date by and between Oculus and Ruthigen (the “License
and Supply Agreement”), Oculus shall agree to license certain of Oculus’ proprietary technology to Ruthigen for
Development and Commercialization of Products in the Field and in the Territory (each term as defined in the License and Supply
Agreement) on the terms and subject to the conditions thereof; and

 

WHEREAS, in connection
therewith, Ruthigen and Oculus desire to enter into this Agreement to address certain matters which are outside the scope of, but
relate to, the License and Supply Agreement.

 

NOW, THEREFORE, in
consideration of the mutual premises and covenants set forth herein and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Oculus and Ruthigen hereby agree as follows:

 

    	1

    	 

    

AGREEMENT

 

1.       Definitions.
Capitalized terms used herein without definition shall have the definition ascribed thereto in the License and Supply Agreement.

 

“Consulting
Services” means consulting and technical services provided by Oculus to Ruthigen hereunder (including, without limitation,
services in support of clinical trials and lab testing), specified in a Statement of Work.

 

“Effective Date”
means the date of the closing of the IPO.

 

“IPO”
means the a public offering of the common stock of Ruthigen, whether consummated through the declaration of effectiveness of an
S-1 registration statement in the United States or similar documentation under the laws of another jurisdiction, by reverse merger
or any other mechanism for gaining access to the public markets of any country.

 

“Standard Activities”
means the following activities performed by Oculus for Ruthigen prior to the IPO on a non-billable basis: (i) the transfer of
protocols, procedures and standard operating procedures, directly or indirectly related to the Oculus Method of Manufacturing
and the Ruthigen Method of Manufacturing, and related quality control, quality assurance systems, testing protocols and procedures;
and (ii) all procedures for building Manufacturing Equipment, including without limitation supplier information, specifications,
preventative maintenance procedures and all regulatory and R&D related compliance procedures and protocols; and (iii) the
training of Ruthigen employees for test methods, manufacturing and manufacturing transfer and the items described in (i) and (ii),
and SOX documents and related protocols.

 

“Statement
of Work” means a written statement of work describing Consulting Services, substantially in the form attached hereto
as Exhibit B, signed by both Parties,.

 

2.       Standard
Activities. Oculus shall provide Ruthigen with additional Standard Activities during the term of this Agreement if reasonably
requested by Ruthigen.

 

3.       General
Services. During the term of this Agreement, Ruthigen may request
Oculus to provide Ruthigen with general accounting and human resources services (such as administration of payroll and benefit
plans) for Ruthigen of the type Oculus has performed for Ruthigen prior to the IPO and in respect to its own business. Oculus will
make available to Ruthigen, from time to time, such General Services as Ruthigen shall reasonably request. All services performed by Oculus’ internal staff shall
be performed in substantially the same manner as it performs comparable services for its own business and in a reasonably prompt
manner. Oculus shall invoice Ruthigen for such services on a monthly basis in the amount specified in Exhibit A. All invoices
shall be payable within thirty (30) days after receipt thereof.

 

4.       Access
to Oculus Facilities. From the Effective Date continuing throughout the term of this Agreement, authorized personnel of Ruthigen
shall be permitted access to Oculus’ facilities currently located at 1129 N. McDowell Blvd., Petaluma, California, and the
Seattle facilities currently located at 454 North 34th Street, Seattle, WA 98103 (the “Facilities”) at any and
all times and with or without notice to Oculus as long as Ruthigen maintains an office in such Facility, or upon advance notice
to Oculus as provided herein after Ruthigen no longer maintains an office in a Facility, for the purposes contained herein but
not limited to: conducting general business functions, conducting meetings, conducting laboratory tests; and compliance audits,
manufacturing training, and performing research and development; meeting with Oculus personnel with respect to the services to
be provided by certain personnel to Ruthigen under this Agreement, including general business, research and development, manufacturing
and laboratory activities; quality assurance testing and operations; and other activities. For so long as Ruthigen maintains an
office within a Facility, Ruthigen shall be billed at the monthly rent set forth on Exhibit A hereto. After Ruthigen no
longer maintains an office in a Facility, Ruthigen shall not be obligated to pay rent. As long as Ruthigen personnel have access
to the Facilities pursuant to this Agreement, such Ruthigen personnel agree to comply with all terms and conditions of the real
property lease between Oculus and its landlord with respect to the use of the Facilities. Unlimited access to Oculus Facilities
will end one-hundred eighty days after the Effective Date, at which time Ruthigen may access the Facilities but must first inform
Oculus about the function and purpose of such access in advance.

    	2

    	 

    

 

5.       Consulting
and Services and Standard Activities. Oculus shall provide Ruthigen with Consulting Services as reasonably requested by
Ruthigen from time to time, subject to Oculus’ reasonable personnel and scheduling constraints, and to the
extent described in a Statement of Work. Ruthigen shall include in each Statement of Work its authorization for a fixed
number of billable hours for the identified employees of Oculus to carry out certain projects or function or perform any
services for or on behalf of Ruthigen. Any additional billable hours shall be requested in a Statement of Work or amendment
thereto signed by both Parties in advance of such work. Oculus shall maintain records relating to the billed hours and
personnel involved in supporting Ruthigen’s projects and functions and shall deliver a copy of such records to Ruthigen
upon request received during the term of this Agreement or for three years thereafter. All services performed by
Oculus’ internal staff shall be performed in substantially the same manner as it performs comparable services for its
own business and in a reasonably prompt manner. Consulting Services shall be billable at the hourly or fixed monthly rate set
forth on Exhibit A, which are subject to change based upon written agreement between Ruthigen and Oculus. Oculus shall
bill Ruthigen on a monthly basis for the Consulting Services, and Ruthigen shall pay invoices generated by Oculus within
thirty (30) days of receipt thereof. Ruthigen reserves the right to audit the billing and time records during the term of
this Agreement and for three (3) years thereafter. Oculus shall provide services in a reasonably prompt manner.

 

6.       Laboratory
and Other Expenses. Oculus shall make available to Ruthigen Oculus’ laboratories and/or cause to make available Micromed’s
laboratory personnel for the purpose of stability testing and other testing required for Pre-Clinical Development and Clinical
Development under the License and Supply Agreement. Micromed Laboratories, Inc. is a wholly owned subsidiary of Oculus and operates
within the Facilities.  Oculus shall provide, or cause Micromed to provide, Ruthigen with
an estimated cost similar to the estimate customarily given to other Oculus / Micromed customers in advance of completing the work.
The fees for such tests conducted by Micromed shall be the same as those Micromed charges its current clients for the same services
and Ruthigen shall receive the same pricing offered to Micromed’s clients. All services performed by Oculus’ internal
staff shall be performed in substantially the same manner as it performs comparable services for its own business. Oculus shall
bill Ruthigen for all such fees on a monthly basis, and Ruthigen shall pay invoices within thirty (30) days of receipt thereof.
Ruthigen will not reimburse expenses except where preapproved in writing.

 

7.       Use
of Subcontractors All services shall be performed by Oculus’ internal staff, except as otherwise
expressly permitted herein.  Oculus may subcontract Consulting Services, General Services  or Standard Activities subject
to Ruthigen’s prior written consent in each instance. When services are requested by Ruthigen that will require the use of
outside resources and/or materials, Oculus shall provide an estimate of costs for such services, without mark-up or
commission, which can be accepted or rejected by Ruthigen. Subcontractors having access to Ruthigen Confidential Information
and/or intellectual property must have a valid written agreement in place with Oculus with terms to protect Ruthigen’s
confidential information and intellectual property protection under terms no less burdensome than those set forth in this
Agreement and the License and Supply Agreement.

 

8.       Cooperation. Ruthigen and Oculus agree to confer in
good faith to resolve any conflicts regarding personnel or other resources in connection with the performance of services by Oculus
hereunder.

 

9.       Intellectual
Property Rights. The Parties acknowledge that their interaction and performance hereunder as such relates to intellectual property
rights and manufacturing are defined and set forth in the License and Supply Agreement.

    	3

    	 

    

 

10.     Term
of Agreement. This Agreement shall commence on the Effective Date and shall continue until terminated as provided herein.

 

11.     Termination.
Except as otherwise expressly provided herein, this Agreement may be terminated:

 

a.       upon
mutual written agreement of the Parties, or

 

b.       by
the non-defaulting Party upon or after the occurrence (but solely upon or after such occurrence) of any one of the following events
(each, an “Event of Default”): (i) a material breach by the other Party of any terms or conditions of this Agreement
which (A) is not corrected within thirty (30) days after receipt of written notification thereof, if correctable within such thirty
(30) days, or (B) if it is not correctable within such thirty (30) days, the correction of which is not initiated within such thirty
(30) day period and thereafter diligently pursued until completed; or (ii) one of the Parties hereto shall go into liquidation,
a receiver or a trustee appointed for the property or estate of that Party and said receiver or trustee is not removed within one
hundred twenty (120) days, or the Party makes an assignment for the benefit of creditors, whether any of the aforesaid bankruptcy
events be the outcome of the voluntary act of that Party, or otherwise, or

 

c.       Ruthigen
may terminate this Agreement upon 30 days written notice to Oculus.

 

d.       Oculus
may terminate this Agreement upon 30 days written notice to Ruthigen, but any such termination shall not be effective prior
to the six-month anniversary of the Effective Date.

 

In the event of a termination as a result of an Event of Default, the
non-defaulting Party shall be entitled to pursue any remedy provided in law or equity, including the right to recover any
damages it may have suffered by reason of such Event of Default. Upon a termination of this Agreement, the terms and
conditions of this Agreement that, by their terms, require performance following the termination or expiration of this
Agreement shall survive such termination or expiration, including without limitation, this Section 10 (Termination), Section
13 (Indemnification) and Section 14 (Miscellaneous).

 

12.       Representations
by Oculus. Oculus hereby represents and warrants to Ruthigen that:

 

a.       Oculus
is a corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware;

 

b.       Oculus
has all requisite corporate power and authority to own, lease, and operate its properties and its business and to enter into and
perform its obligations hereunder;

 

c.       The
execution, delivery, and performance of this Agreement by Oculus have been duly authorized by all requisite corporate action on
the part of Oculus. This Agreement has been duly executed and delivered by Oculus and constitutes the legal, valid and binding
obligation of Oculus, enforceable against Oculus in accordance with its terms, except to the extent that enforceability may be
limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditors’ rights generally and
subject to general principals of equity;

 

d.       Oculus
shall ensure that all Products are Manufactured in accordance with cGMP requirements, and FDA regulations;

    	4

    	 

    

 

e.       Oculus’
performance of services will not breach any agreement that Oculus has with another party including, without limitation, any agreement
to keep in confidence proprietary information acquired by Oculus in confidence;

 

f.       Oculus
is not and will not be bound by any agreement, nor has assumed or will assume any obligation, which would in any way be inconsistent
with the services to be performed by Oculus under this Agreement; and

 

g.       Oculus
will perform all services in a professional and workmanlike and diligent manner.

 

13.       Representations
of Ruthigen. Ruthigen hereby represents and warrants to Oculus that:

 

a.       Ruthigen
is a corporation duly organized, validly existing, and in good standing under the laws of the State of Nevada;

 

b.       Ruthigen
has all requisite corporate power and authority to own, lease, and operate its properties and business and to enter into and perform
its obligations hereunder;

 

c.       The
execution, delivery, and performance of this Agreement by Ruthigen have been duly authorized by all requisite corporate action
on the part of Ruthigen; and

 

d.       This
Agreement has been duly executed and delivered by Ruthigen and constitutes the legal, valid, and binding obligation of Ruthigen,
enforceable against Ruthigen in accordance with its terms, except to the extent that enforceability may be limited by applicable
bankruptcy, insolvency, or similar laws affecting the enforcement of creditors’ rights generally and subject to general principles
of equity.

 

14.       Indemnification.

 

Indemnification
by Ruthigen. Ruthigen shall indemnify, defend, and hold Oculus, its Affiliates and their respective employees, agents, officers
and directors (the “Oculus Indemnified Parties”) harmless from and against any and all demands, claims, actions,
suits, proceedings, judgments, assessments, costs, expenses, losses, damages, liabilities, fines, and penalties (including, without
limitation, reasonable attorneys’ fees) (collectively, “Loss”) alleged against or incurred by the Oculus
Indemnified Parties for property damage or personal injury to the extent caused by Ruthigen’s use of the Facilities. Ruthigen
shall indemnify, defend, and hold Oculus, its Affiliates and their respective employees, agents, officers and directors (the “Oculus
Indemnified Parties”) harmless from and against any and all Third Party Loss alleged against the Oculus Indemnified
Parties by such Third Party as a result of (a) Ruthigen’s gross negligence or willful misconduct; or (b) Ruthigen’s
breach of Section 13.

 

a.       Indemnification
by Oculus. Oculus shall indemnify, defend, and hold Ruthigen, its Affiliates and their respective employees, directors, officers
and agents (the “Ruthigen Indemnified Parties”) harmless from and against any and all Third Party Loss alleged
against any of the Ruthigen Indemnified Parties by such Third Party as a result of (i) Oculus’ gross negligence
or willful misconduct; or (ii) Oculus’ breach of Section 12.

 

b.       Procedure
for Claims. Each indemnified Party agrees to give the indemnifying Party prompt written notice of any Loss or discovery of
fact upon which such indemnified Party intends to base a request for indemnification under Sections 13(a) or 13(b). Each Party
shall furnish promptly to the other copies of all papers and official documents received in respect of any Loss. The indemnifying
Party shall have the sole right to defend, settle, or otherwise dispose of such Loss, on such terms as the indemnifying Party,
in its sole discretion, shall deem appropriate. The indemnifying Party shall obtain the written consent of the indemnified Party,
which shall not be unreasonably withheld or delayed, prior to ceasing to defend, settling or otherwise disposing of any Loss if
as a result thereof the indemnified Party would become subject to injunctive or other equitable relief or any remedy other than
the payment of money, which payment would be the responsibility of the indemnifying Party. The indemnifying Party shall not be
liable for any settlement or other disposition of a Loss by the indemnified Party which is reached without the written consent
of the indemnifying Party. The reasonable costs and expenses, including reasonable fees and disbursements of counsel incurred by
any indemnified Party in cooperating with the indemnifying Party in its defense of a Loss, shall be reimbursed on a quarterly basis
by the indemnifying Party, without prejudice to the indemnifying Party’s right to contest the indemnified Party’s right
to indemnification and subject to refund in the event the indemnifying Party is ultimately held not to be obligated to indemnify
the indemnified Party.

    	5

    	 

    

 

15.       Miscellaneous.

 

a.       Assignment.
This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their respective successors and permitted
assigns. This Agreement shall not be assignable by either Party without the prior written consent of the other Party.

 

b.       Expenses.
Except for payments expressly required to be made by Ruthigen hereunder, each Party shall bear its own expenses with respect to
the transactions contemplated by this Agreement, including, without limitation, its attorneys’ fees and other expenses related
to the preparation and execution of this Agreement and the completion of this Agreement.

 

c.       Severability.
Each of the provisions contained in this Agreement shall be severable, and the unenforceability of one shall not affect the enforceability
of any others or of the remainder of this Agreement.

 

d.       Amendment.
This Agreement may not be amended, supplemented or otherwise modified except by an instrument in writing signed by both Parties
hereto.

 

e.       Waiver.
The failure of any Party to enforce any condition or part of this Agreement at any time shall not be construed as a waiver of that
condition or part, nor shall it forfeit any rights to future enforcement thereof.

 

f.       Governing
Law. This Agreement shall be construed and enforced in accordance with and governed by the laws of the State of California,
excluding the conflicts of laws and provisions thereof. If any dispute arises under this Agreement, the Parties shall follow
the process for dispute resolution described in Section 15.10 of the License and Supply Agreement.

 

g.       Headings.
The headings of the sections and subsections of this Agreement are inserted for convenience only and shall not be deemed to constitute
a part hereof.

 

h.       Counterpart.
The Parties may execute this Agreement in one or more counterparts, and each fully executed counterpart shall be deemed an original.

    	6

    	 

    

 

i.       Notices.
All notices and consents hereunder shall be in writing, effective upon receipt, and shall be delivered personally, mailed by registered
or certified mail (return receipt requested, postage prepaid), or sent by express courier service, to the other Party at the following
addresses (or at such other address for a Party as shall be specified by like notice):

 

	To Oculus:	
        Oculus Innovative Sciences, Inc.

        Attn.: President

        1129 N. McDowell Blvd.

        Petaluma, CA 94954

         

	To Ruthigen:	
        Ruthigen, Inc.

        Attn: President

        2455 Bennett Valley Road, Suite C116

        Santa Rosa, CA 95404

         

All notices and consents provided for herein
shall become effective: (a) on delivery if given in person; or (b) two (2) business days after delivery to the overnight service.

 

j.       Entire
Agreement. This Agreement, together with the License and Supply Agreement, constitute the entire and exclusive agreement between
the Parties with respect to the subject matter herein, and supersede all prior and contemporaneous communications and understandings
between the Parties, written or oral, relating to this subject matter. This Agreement may only be amended in a writing executed
by an authorized representative of each Party.

 

k.       Relationship
of Parties. The status of the Parties under this Agreement shall be that of independent contractors. Neither Party shall have
the right to enter into any agreements on behalf of the other Party, nor shall it represent to any person that it has any such
right or authority. Nothing in this Agreement shall be construed as establishing a partnership or joint venture relationship between
the Parties. Neither Party shall have authority to enter into contracts or binding commitments in the name or on behalf of the
other Party. Neither Party will use the other Party’s logo or marks without prior written approval, and then such use shall
be only for the benefit of the other Party and at the direction of the other Party. Neither Party shall be, nor represent itself
as being, an agent of the other Party, and shall not be, nor represent itself as being, authorized to bind the other Party. Each
Party agrees, acknowledges and understands that neither it nor its employees or agents shall have the status of an employee of
the other Party and shall not participate in any employee benefit plans or group insurance plans or programs (including, but not
limited to salary, bonus or incentive plans, stock option or purchase plans, or plans pertaining to retirement, deferred savings,
disability, medical or dental), even if it is considered eligible to participate pursuant to the terms such plans. In addition,
each Party understands and agrees that consistent with its independent contractor status, neither it nor its employees or agents
will apply for any of the other Party’s government-sponsored benefits intended only for employees, including, but not limited
to, unemployment benefits. Such Party’s exclusion from benefit programs maintained by the other Party is a material component
of this Agreement. To the extent a Party or its employees or agents may become eligible for any benefit programs maintained by
the other Party (regardless of timing or reason for eligibility), such Party hereby waives its right to participate in the programs.
Each Party shall defend, indemnify and hold the other Party harmless from any and all claims made by its personnel on account of
an alleged failure by the other Party to satisfy any tax or withholding obligations.

 

l.       Compliance
with Laws. Each Party will comply with all applicable laws, rules, ordinances and regulations of any governmental entity or
regulatory agency governing the actions to be taken and provided hereunder. Neither Party will take any action in violation of
any applicable law, rule, ordinance or regulation that could result in liability being imposed on the other Party.

    	7

    	 

    

 

m.       Confidentiality.
Each Party agrees that all information observed, communicated or otherwise disclosed to it by the other Party in connection with
this Agreement (which information shall at all times be the property of the Party communicating such information) shall constitute
“Confidential Information” as defined in the License and Supply Agreement and be subject to the confidentiality obligations
and other provisions of Article X of the License and Supply Agreement.

 

[SIGNATURES ON FOLLOWING PAGE]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	8

    	 

    

 

IN WITNESS WHEREOF,
the Parties have caused this Agreement to be executed by their duly authorized representatives effective as of the Effective Date.

 

	"Ruthigen"	 	"Oculus"
	 	 	 
	Ruthigen, Inc., a Nevada corporation	 	Oculus Innovative Sciences, Inc., a Delaware corporation
	 	 	 
	By: /s/ Hoji Alimi                     	 	By: /s/ Jim Schutz                         
	Name: Hoji Alimi	 	Name: Jim Schutz
	Title: CEO	 	Title: CEO

 

 

 

 

 

 

    	9

    	 

    

 

EXHIBIT A

 

Consulting Services &
Facilities

 

	Consulting Services	Hourly Rate1
	Research and Development	(Employee’s salary + 15%) / 2080
	Operations	(Employee’s salary + 15%) / 2080
	Micromed	(Employee’s salary + 15%) / 2080
	Finance	(Employee’s salary + 15%) / 2080
	Other	(Employee’s salary + 15%) / 2080

 

 

	General Services	Monthly Rate
	General Accounting and Human Resources	$3,000 / month

 

 

 

	Facilities	Monthly Rate
	Ruthigen Monthly Rent Payment	$2,000 / month

 

 

 

 

 

 

 

 

 

 

 

	
         

 

12080 means the fee
is calculated based on 2,080 work hours per employee per year

 

 

 

    	10

    	 

    

 

EXHIBIT B

 

STATEMENT OF WORK 

 

This Statement of Work is delivered pursuant to the Shared Services
Agreement entered into by and between Oculus Innovative Sciences, Inc. and Ruthigen, Inc.

 

1.Services.
Oculus will render the following Services to the Company:

 

 

 

 

 

 

 

2.Consultant Designee. Employee
designated to perform the Services:

 

Name: _________________________________

 

		3.	Requested Start Date:______________________

 

		4.	Requested Completion Date:_________________

 

		5.	*Authorized Billable Time:___________________

 

		6.	*Authorized Expense:_______________________

_________________________________________

_________________________________________

_________________________________________

 

*If none stated, Ruthigen agrees that Oculus will invoice for
full amount billed by employee and Ruthigen shall pay all such amounts

  

	Ruthigen, Inc.	 	Oculus Innovative Sciences, Inc.
	 	 	 
	 	 	 
	By: ______________________	 	By: ______________________
	Name: ____________________	 	Name: ____________________
	Title: _____________________	 	Title: _____________________

 

 

 

 

 

    	11Exhibit 10.4

 

 

 

May 23, 2013

 

Sameer Harish

[address]

 

Re:      Amendment
to the Offer of Employment as Chief Financial Officer

 

Dear Mr. Harish:

 

The purpose of this letter is to amend
the terms and conditions of your employment, so please review this letter carefully. Your signature in the space provided at the
end of this letter indicates that you accept the amendment of the Company’s offer of employment.

 

The paragraph titled “Salary/Benefits”
in your offer letter dated January 29, 2013 will be entirely removed and replaced with the following paragraph.

 

Salary/Benefits: You will be paid a salary rate of two
hundred and twenty five thousand ($225,000) USD per year commencing on the Employment Date (as defined below). You will be eligible
to participate in the Company’s medical, dental, vision and retirement (401(k)) plans on the same terms as other Company
executives. If Ruthigen completes an Initial Public Offering, then Ruthigen intends to issue you equity in Ruthigen.
The form of such equity and the value of such equity will be determined at the time of the grant, if any.

 

In addition, the following language will
be added as a new paragraph below the paragraph titled “Employment At-Will”:

 

Termination Without Cause: In the
event of termination without cause prior to a grant of equity in Ruthigen if any, Ruthigen will make a payment of six (6) months’
base salary to the Executive as severance pay.

 

Additionally, we agree such changes will be effective with a
retroactive date of January 29, 2013. All other terms of your employment will continue as described in your offer letter of January
29, 2013.

 

Please indicate your
acceptance of this amendment by signing and returning one copy of this letter to me.

 

Sincerely,

 

 

 

	/s/ Hojabr Alimi	 	 
	
        Hojabr Alimi

        Chief Executive Officer of Ruthigen, Inc.
	 	 

 

 

Agreed and accepted:

 

	/s/ Sameer Harish	 	Date: May
    23, 2013
	Sameer Harish

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