Document:

EX-10.2

 Exhibit 10.2 
  

 
 December 12, 2016 

STRICTLY CONFIDENTIAL 
 CytRx Corporation 

11726 San Vicente Blvd., Suite 650 
 Los Angeles, CA 90049 

Attn: John Y. Caloz, Chief Financial Officer 
 Dear
Mr. Caloz: 
 This letter agreement (this “Agreement”) constitutes the agreement between CytRx Corporation (the
“Company”) and Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC (“Rodman”), that Rodman shall serve as the exclusive agent, advisor or underwriter in any offering (each, an
“Offering”) of securities of the Company (“Securities”) during the Term (as defined below) of this Agreement. The terms of each Offering and the Securities issued in connection therewith shall be mutually agreed
upon by the Company and Rodman and nothing herein implies that Rodman would have the power or authority to bind the Company and nothing herein implies that the Company shall have an obligation to issue any Securities. It is understood that
Rodman’s assistance in an Offering will be subject to the satisfactory completion of such investigation and inquiry into the affairs of the Company as Rodman deems appropriate under the circumstances and to the receipt of all internal approvals
of Rodman in connection with the transaction. The Company expressly acknowledges and agrees that Rodman’s involvement in an Offering is strictly on a reasonable best efforts basis and that the consummation of an Offering will be subject to,
among other things, market conditions. The execution of this Agreement does not constitute a commitment by Rodman to purchase the Securities and does not ensure a successful Offering of the Securities or the success of Rodman with respect to
securing any other financing on behalf of the Company. Rodman may retain other brokers, dealers, agents or underwriters on its behalf in connection with an Offering. 

A. Compensation; Reimbursement. At the closing of each Offering (each, a “Closing”), the Company shall compensate
Rodman as follows: 
 1. Cash Fee. The Company shall pay to Rodman a cash fee, or as to an underwritten Offering an
underwriter discount, equal to 6.0% of the aggregate gross proceeds raised in such Offering. Additionally, Rodman shall receive a cash fee payable within 48 hours of (but only in the event of) the receipt by the Company of any proceeds from the
exercise of any warrants or options sold in each Offering. 
 2. Expense Allowance. Out of the proceeds of each
Closing, the Company also agrees to pay Rodman (a) a non-accountable management fee equal to 1% of the gross proceeds raised in such Offering, (b) a one-time
only payment of $25,000 for non-accountable expenses of Rodman in connection with marketing the transaction (i.e., road show expenses, background checks, tombstones, etc.) and (c) a one-time only payment of $100,000 for legal fees and expenses of Rodman (provided, however, that such reimbursement amount in no way limits or impairs the indemnification and contribution provisions of
this Agreement). 

  
  

430 Park Avenue  |  New York, New York 10022  |  212.356.0500 

Security services provided by H.C. Wainwright & Co., LLC  |  Member: FINRA/SIPC 

 3. Tail Fee. Rodman shall be entitled to compensation under clauses
(1) and (2) hereunder, calculated in the manner set forth therein, with respect to any public or private offering or other financing or capital-raising transaction of any kind (“Tail Financing”) to the extent that such
financing or capital is provided to the Company by investors whom Rodman had contacted during the Term, or introduced, directly or indirectly, to the Company during Term, if such Tail Financing is consummated at any time within the 3-month period following the expiration or termination of this Agreement. 
 4. Right of
Participation. If within the 12-month period following consummation of such Offering, the Company or any of its subsidiaries (a) decides to finance or refinance any indebtedness using a manager or
agent, Rodman (or any affiliate designated by Rodman) shall have the right to act as joint lead manager with respect to such financing or refinancing; or (b) decides to raise funds by means of a public offering or a private placement of equity
or debt securities using an underwriter or placement agent, Rodman (or any affiliate designated by Rodman) shall have the right to act as joint lead manager for such financing. If Rodman or one of its affiliates decides to accept any such
engagement, the agreement governing such engagement will contain, among other things, provisions for customary fees for transactions of similar size and nature and the provisions of this Agreement, including indemnification, which are appropriate to
such a transaction. 
 B. Term and Termination of Engagement; Exclusivity. The term of Rodman’s exclusive engagement will begin
on the date hereof and end 30 days after the date hereof (the “Term”). Notwithstanding anything to the contrary contained herein, the Company agrees that the provisions relating to the payment of fees, reimbursement of expenses,
indemnification and contribution, confidentiality, conflicts, independent contractor and waiver of the right to trial by jury will survive any termination of this Agreement. During Rodman’s engagement hereunder: (i) the Company will not,
and will not permit its representatives to, other than in coordination with Rodman, contact or solicit institutions, corporations or other entities or individuals as potential purchasers of the Securities and (ii) the Company will not pursue
any financing transaction which would be in lieu of a Offering. Furthermore, the Company agrees that during Rodman’s engagement hereunder, all inquiries, whether direct or indirect, from prospective investors will be referred to Rodman and will
be deemed to have been contacted by Rodman in connection with an Offering. Additionally, except as set forth hereunder, the Company represents, warrants and covenants that no brokerage or finder’s fees or commissions are or will be payable by
the Company or any subsidiary of the Company to any broker, financial advisor or consultant, finder, placement agent, investment banker, bank or other third-party with respect to any Offering. 

C. Information; Reliance. The Company shall furnish, or cause to be furnished, to Rodman all information reasonably requested by Rodman
for the purpose of rendering services hereunder (all such information being the “Information”). In addition, the Company agrees to make available to Rodman upon reasonable request from time to time the officers, directors,
accountants, counsel and other advisors of the Company. The Company recognizes and confirms that Rodman (a) will use and rely on the Information, including any documents provided to investors in each Offering (the “Offering
Documents” which shall include any Purchase Agreements (as defined below)), and on information available from generally recognized public sources in performing the services contemplated by this Agreement without having independently
verified the same; (b) does not assume responsibility for the accuracy or completeness of the Offering Documents or the Information and such other information; and (c) will not make an appraisal of any of the assets or liabilities of the
Company. Upon reasonable request, the 

 
Company will meet with Rodman or its representatives to discuss all information relevant for disclosure in the Offering Documents and will cooperate in any investigation undertaken by Rodman
thereof, including any document included or incorporated by reference therein. At each Offering, at the request of Rodman, the Company shall deliver such legal letters, comfort letters and officer’s certificates, all in form and substance
reasonably satisfactory to Rodman and its counsel as is customary for such Offering. Rodman shall be a third party beneficiary of any representations, warranties, covenants and closing conditions made by the Company in any Offering Documents,
including representations, warranties, covenants and closing conditions made to any investor in an Offering. 
 D. Related
Agreements. At each Offering, the Company shall enter into the following additional agreements: 
 1. Underwritten
Offering. If an Offering is an underwritten Offering, the Company and Rodman shall enter into a customary underwriting agreement in form and substance satisfactory to Rodman and its counsel. 

2. Best Efforts Offering. If an Offering is on a best efforts basis, the sale of Securities to the investors in the
Offering will be evidenced by a purchase agreement (“Purchase Agreement”) between the Company and such investors in a form reasonably satisfactory to the Company and Rodman. Prior to the signing of any Purchase Agreement, officers
of the Company with responsibility for financial affairs will be available to answer inquiries from prospective investors. 

3. Escrow and Settlement. In respect of each Offering, the Company and Rodman shall enter into an escrow agreement with
a third party escrow agent, which may also be Rodman’s clearing agent, pursuant to which Rodman’s compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via
delivery versus payment (“DVP”), Rodman shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Rodman for the actual out of pocket
cost of such clearing agent settlement and financing, if any, of $10,000. 
 4. FINRA Amendments. Notwithstanding
anything herein to the contrary, in the event that Rodman determines that any of the terms provided for hereunder shall not comply with a FINRA rule, including but not limited to FINRA Rule 5110, then the Company shall agree to amend this Agreement
(or include such revisions in the final underwriting) in writing upon the request of Rodman to comply with any such rules; provided that any such amendments shall not provide for terms that are less favorable to the Company. 

E. Confidentiality. In the event of the consummation or public announcement of any Offering, Rodman shall have the right to disclose
its participation in such Offering, including, without limitation, the Offering at its cost of “tombstone” advertisements in financial and other newspapers and journals. 

F. Indemnity. 

1. In connection with the Company’s engagement of Rodman as Offering agent, the Company hereby agrees to indemnify and
hold harmless Rodman and its affiliates, and the respective controlling persons, directors, officers, members, shareholders, agents and employees of any of the foregoing (collectively the “Indemnified Persons”), from and against any
and all claims, actions, suits, proceedings (including those of shareholders), damages, liabilities and 

 
expenses incurred by any of them (including the reasonable fees and expenses of counsel), as incurred, (collectively a “Claim”), that are (A) related to or arise out of
(i) any actions taken or omitted to be taken (including any untrue statements made or any statements omitted to be made) by the Company, or (ii) any actions taken or omitted to be taken by any Indemnified Person in connection with the
Company’s engagement of Rodman, or (B) otherwise relate to or arise out of Rodman’s activities on the Company’s behalf under Rodman’s engagement, and the Company shall reimburse any Indemnified Person for all expenses
(including the reasonable fees and expenses of counsel) as incurred by such Indemnified Person in connection with investigating, preparing or defending any such claim, action, suit or proceeding, whether or not in connection with pending or
threatened litigation in which any Indemnified Person is a party. The Company will not, however, be responsible for any Claim that is finally judicially determined to have resulted from the gross negligence or willful misconduct of any person
seeking indemnification for such Claim. The Company further agrees that no Indemnified Person shall have any liability to the Company for or in connection with the Company’s engagement of Rodman except for any Claim incurred by the Company as a
result of such Indemnified Person’s gross negligence or willful misconduct. 
 2. The Company further agrees that it
will not, without the prior written consent of Rodman, settle, compromise or consent to the entry of any judgment in any pending or threatened Claim in respect of which indemnification may be sought hereunder (whether or not any Indemnified Person
is an actual or potential party to such Claim), unless such settlement, compromise or consent includes an unconditional, irrevocable release of each Indemnified Person from any and all liability arising out of such Claim. 

3. Promptly upon receipt by an Indemnified Person of notice of any complaint or the assertion or institution of any Claim with
respect to which indemnification is being sought hereunder, such Indemnified Person shall notify the Company in writing of such complaint or of such assertion or institution but failure to so notify the Company shall not relieve the Company from any
obligation it may have hereunder, except and only to the extent such failure results in the forfeiture by the Company of substantial rights and defenses. If the Company so elects or is requested by such Indemnified Person, the Company will assume
the defense of such Claim, including the employment of counsel reasonably satisfactory to such Indemnified Person and the payment of the fees and expenses of such counsel. In the event, however, that legal counsel to such Indemnified Person
reasonably determines that having common counsel would present such counsel with a conflict of interest or if the defendant in, or target of, any such Claim, includes an Indemnified Person and the Company, and legal counsel to such Indemnified
Person reasonably concludes that there may be legal defenses available to it or other Indemnified Persons different from or in addition to those available to the Company, then such Indemnified Person may employ its own separate counsel to represent
or defend him, her or it in any such Claim and the Company shall pay the reasonable fees and expenses of such counsel. Notwithstanding anything herein to the contrary, if the Company fails timely or diligently to defend, contest, or otherwise
protect against any Claim, the relevant Indemnified Party shall have the right, but not the obligation, to defend, contest, compromise, settle, assert crossclaims, or counterclaims or otherwise protect against the same, and shall be fully
indemnified by the Company therefor, including without limitation, for the reasonable fees and expenses of its counsel and all amounts paid as a result of such Claim or the compromise or settlement thereof. Notwithstanding anything herein to the
contrary, it is agreed that the Company shall not, in connection with any proceeding or related proceedings, be liable for the fees and expenses of more than one separate firm for all Indemnified Persons. In addition, with respect to any Claim in
which the Company assumes the defense, the Indemnified Person shall have the right to participate in such Claim and to retain his, her or its own counsel therefor at his, her or its own expense. 

 4. The Company agrees that if any indemnity sought by an Indemnified Person
hereunder is held by a court to be unavailable for any reason then (whether or not Rodman is the Indemnified Person), the Company and Rodman shall contribute to the Claim for which such indemnity is held unavailable in such proportion as is
appropriate to reflect the relative benefits to the Company, on the one hand, and Rodman on the other, in connection with Rodman’s engagement referred to above, subject to the limitation that in no event shall the amount of Rodman’s
contribution to such Claim exceed the amount of fees actually received by Rodman from the Company pursuant to Rodman’s engagement. The Company hereby agrees that the relative benefits to the Company, on the one hand, and Rodman on the other,
with respect to Rodman’s engagement shall be deemed to be in the same proportion as (a) the total value paid or proposed to be paid or received by the Company pursuant to the applicable Offering (whether or not consummated) for which
Rodman is engaged to render services bears to (b) the fee paid or proposed to be paid to Rodman in connection with such engagement. 

5. The Company’s indemnity, reimbursement and contribution obligations under this Agreement (a) shall be in addition
to, and shall in no way limit or otherwise adversely affect any rights that any Indemnified Party may have at law or at equity and (b) shall be effective whether or not the Company is at fault in any way. 

G. Limitation of Engagement to the Company. The Company acknowledges that Rodman has been retained only by the Company, that Rodman is
providing services hereunder as an independent contractor (and not in any fiduciary or agency capacity) and that the Company’s engagement of Rodman is not deemed to be on behalf of, and is not intended to confer rights upon, any shareholder,
owner or partner of the Company or any other person not a party hereto as against Rodman or any of its affiliates, or any of its or their respective officers, directors, controlling persons (within the meaning of Section 15 of the Securities
Act or Section 20 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), employees or agents. Unless otherwise expressly agreed in writing by Rodman, no one other than the Company is authorized to rely upon
this Agreement or any other statements or conduct of Rodman, and no one other than the Company is intended to be a beneficiary of this Agreement. The Company acknowledges that any recommendation or advice, written or oral, given by Rodman to the
Company in connection with Rodman’s engagement is intended solely for the benefit and use of the Company’s management and directors in considering a possible Offering, and any such recommendation or advice is not on behalf of, and shall
not confer any rights or remedies upon, any other person or be used or relied upon for any other purpose. Rodman shall not have the authority to make any commitment binding on the Company. The Company, in its sole discretion, shall have the right to
reject any investor introduced to it by Rodman. 
 H. Limitation of Rodman’s Liability to the Company. Rodman and
the Company further agree that neither Rodman nor any of its affiliates or any of its their respective officers, directors, controlling persons (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act),
employees or agents shall have any liability to the Company, its security holders or creditors, or any person asserting claims on behalf of or in the right of the Company (whether direct or indirect, in contract, tort, for an act of negligence or
otherwise) for any losses, fees, damages, liabilities, costs, expenses or equitable relief arising out of or relating to this Agreement or the services rendered hereunder, except for losses, fees, damages, liabilities, costs or expenses that arise
out of or are based on any action of or failure to act by Rodman and that are finally judicially determined to have resulted solely from the gross negligence or willful misconduct of Rodman. 

I. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York applicable to
agreements made and to be fully performed therein. Any 

 
disputes that arise under this Agreement, even after the termination of this Agreement, will be heard only in the state or federal courts located in the City of New York, State of New York. The
parties hereto expressly agree to submit themselves to the jurisdiction of the foregoing courts in the City of New York, State of New York. The parties hereto expressly waive any rights they may have to contest the jurisdiction, venue or authority
of any court sitting in the City and State of New York. In the event Rodman or any Indemnified Person is successful in any action, or suit against the Company, arising out of or relating to this Agreement, the final judgment or award entered shall
be entitled to have and recover from the Company the costs and expenses incurred in connection therewith, including its reasonable attorneys’ fees. Any rights to trial by jury with respect to any such action, proceeding or suit are hereby
waived by Rodman and the Company. 
 J. Notices. All notices hereunder will be in writing and sent by certified mail, hand delivery,
overnight delivery or fax, if sent to Rodman, at the address set forth on the first page hereof, e-mail: notices@rodm.com, Attention: Head of Investment Banking, and if sent to the Company, to the address set
forth on the first page hereof, fax number                      Attention: Chief Executive Officer. Notices sent by certified mail shall be deemed
received five days thereafter, notices sent by hand delivery or overnight delivery shall be deemed received on the date of the relevant written record of receipt, and notices delivered by fax shall be deemed received as of the date and time printed
thereon by the fax machine. 
 K. Conflicts. The Company acknowledges that Rodman and its affiliates may have and may continue to
have investment banking and other relationships with parties other than the Company pursuant to which Rodman may acquire information of interest to the Company. Rodman shall have no obligation to disclose such information to the Company or to use
such information in connection with any contemplated transaction. 
 L. Anti-Money Laundering. To help the United States government
fight the funding of terrorism and money laundering, the federal laws of the United States requires all financial institutions to obtain, verify and record information that identifies each person with whom they do business. This means we must ask
you for certain identifying information, including a government-issued identification number (e.g., a U.S. taxpayer identification number) and such other information or documents that we consider appropriate to verify your identity, such as
certified articles of incorporation, a government-issued business license, a partnership agreement or a trust instrument. 
 M.
Miscellaneous. The Company represents and warrants that it has all requisite power and authority to enter into and carry out the terms and provisions of this Agreement and the execution, delivery and performance of this Agreement does not
breach or conflict with any agreement, document or instrument to which it is a party or bound. This Agreement shall not be modified or amended except in writing signed by Rodman and the Company. This Agreement shall be binding upon and inure to the
benefit of both Rodman and the Company and their respective assigns, successors, and legal representatives. This Agreement constitutes the entire agreement of Rodman and the Company with respect to this Offering and supersedes any prior agreements
with respect to the subject matter hereof. If any provision of this Agreement is determined to be invalid or unenforceable in any respect, such determination will not affect such provision in any other respect, and the remainder of the Agreement
shall remain in full force and effect. This Agreement may be executed in counterparts (including facsimile counterparts), each of which shall be deemed an original but all of which together shall constitute one and the same instrument. 

********************* 

 In acknowledgment that the foregoing correctly sets forth the understanding reached by Rodman and
the Company, please sign in the space provided below, whereupon this letter shall constitute a binding Agreement as of the date indicated above. 
  

					
	Very truly yours,
	
	RODMAN & RENSHAW, A UNIT OF H.C. WAINWRIGHT & CO., LLC
		
	By	 	 /s/ Mark W. Viklund

		 	Name:	 	Mark W. Viklund
		 	Title:	 	Chief Executive Officer

  

					
	Accepted and Agreed:
	
	CYTRX CORPORATION
		
	By	 	 /s/ John Caloz

		 	Name:	 	John Caloz
		 	Title:	 	Chief Financial OfficerRSU
CANCELLATION AGREEMENT

 

This
RSU CANCELLATION AGREEMENT (this “Agreement”), dated as of December 13, 2016, is entered into by and between
Pure Bioscience, Inc., a Delaware corporation (the “Company”), and the individuals listed on Schedule A
attached hereto (each, a “Holder” and collectively, the “Holders”).

 

RECITALS

 

WHEREAS,
in August 2013, the Company announced a new business strategy focused on the commercialization of its SDC-based products to address
food safety risks across the food industry supply chain.

 

WHEREAS,
as part of this new business strategy, the Company announced the appointment of a new management team and the election of a new
Board of Directors, each comprised of experts in food safety or the food industry supply chain.

 

WHEREAS,
following this restructuring, the Board of Directors issued restricted stock unit awards (each, an “RSU” and
collectively, the “RSUs”) to the Company’s officers and directors as compensation for their future services
to the Company over a required vesting period.

 

WHEREAS,
each Holder is an officer and/or director of the Company, and received an RSU for their services to the Company for that number
of shares of the Company’s Common Stock listed on Schedule A.

 

WHEREAS,
pursuant to the terms of the RSUs, the Company is required to settle and deliver the vested shares of Common Stock underlying
the RSUs to the Holders prior to January 1, 2017.

 

WHEREAS,
the settlement and delivery of the vested shares of Common Stock is a taxable event.

 

WHEREAS,
the RSU award agreements provide those Holders who are serving as officers of the Company with the right to require the Company
to pay the applicable state and federal taxes due upon settlement and delivery of such Holder’s RSU on behalf of the Holder
in exchange for the Holder cancelling and returning to the Company that number of shares of Common Stock equal in value to the
Company’s contractual tax payment obligation.

 

WHEREAS,
the RSUs provide those Holders who are serving as non-employee directors with the right to immediately sell that number of shares
of Common Stock sufficient to cover the applicable state and federal taxes payable as a result of the settlement and delivery
of their respective RSUs.

 

WHEREAS,
the Company’s operations are not yet profitable and it currently has limited available cash resources to support its operations,
and as a result, the contractual requirement to use its existing cash resources to satisfy the tax payments due upon the settlement
and delivery of the RSUs held by its officers could hinder its ability to implement its business plan and continue as a going
concern.

 

    	 

     

    

 

WHEREAS,
the Company’s Common Stock has a limited daily trading volume and the sale or the proposed sale of substantial number
of shares of its Common Stock by its officers and directors in the public market to cover the federal and state taxes due upon
settlement and delivery of the RSUs would adversely affect the market price of the Company’s Common Stock, which could harm
the Company’s ability to raise funds to support its operations or require it to raise funds at terms and valuations that
would be more dilutive to its existing stockholders.

 

WHEREAS,
each of the Holders own shares of the Company’s Common Stock, and/or rights to acquire shares of the Company’s Common
Stock, in addition to the RSUs.

 

AGREEMENT

 

NOW,
THEREFORE, in connection with the foregoing, and for other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties hereto agree as follows:

 

1.       Cancellation
of RSUs. Upon the date hereof and without further action on the part of the Company or the Holder, each Holder agrees to cancel
such Holder’s RSU listed on Schedule A hereto and to forfeit the settlement and delivery of the shares of Common
Stock issuable to the Holder under the RSU (the “RSU Shares”).

 

2.       Representations
of Holder. Each Holder represents and warrants that he currently owns all right, title and interest in his RSU free and clear
of any all security interests, liens, encumbrances, third party rights, community property rights or other similar rights and
he has not disposed of or transferred any interest of any kind in his RSU (or the RSU Shares). Each Holder acknowledges that,
as of the date hereof, he no longer will have any equity or ownership interest of any kind in the RSU (or the RSU Shares) or any
future rights to receive any payment or additional consideration for the RSU (or the RSU Shares). Each Holder acknowledges that
he has had an opportunity to discuss the Company’s business, management and financial affairs with the management of the
Company, but is not relying on any statements or representations made by the Company or its management in his decision to enter
into this Agreement or to cancel the RSUs (or the RSU Shares), including any promise or agreement by the Company (or its officers,
directors or advisors) to issue shares of Common Stock or any other equity award or consideration to replace the cancelled RSU
and RSU Shares.

 

3.       Advice
of Counsel and Tax Advisors. Each Holder acknowledges that the Company and its agents and representatives have not provided
him with any legal, investment or tax advice in connection with this Agreement, and that he has had the opportunity to receive
the advice of his respective counsel and tax advisors prior to signing this Agreement.

 

4.       Entire
Agreement. Each Holder acknowledges that this Agreement is a full and accurate embodiment of the understanding between such
Holder and the Company, and that it supersedes any prior agreements or understandings made by the parties. The terms of this Agreement
may not be modified, except by mutual consent of the Company and each Holder. Any and all modifications must be reduced to writing
and signed by the parties to be effective.

 

    	 

     

    

 

5.       Governing
Law and Venue. This Agreement shall be deemed to have been executed and delivered within the State of California, and it shall
be construed, interpreted, governed, and enforced in accordance with the laws of the State of California, without regard to choice
of law principles. In the event of any dispute in connection with this Agreement, the venue in which said dispute will be resolved
will be San Diego, California and each party hereby consents to the exclusive jurisdiction of the Federal and state courts located
in San Diego, California in connection with any dispute relating to or arising out of this Agreement.

 

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

 

7.       Good
Faith Compliance and Further Assurances. Each Holder agrees to cooperate in good faith and to do all things necessary to effectuate
this Agreement, including taking all such other actions necessary (including signing any necessary agreements, certificates or
documents) to cancel his RSU, the RSU Shares, and any other obligations or duties of the Company under the terms of his RSU.

 

[Signature
page follows]

 

    	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement intending to be legally bound as of the date first written
above.

 

	 	COMPANY:
	 	 	 
	 	PURE
    BIOSCIENCE, INC.
	 	 	 
	 	By:	/s/
    Hank Lambert
	 	Name:	Hank
    Lambert
	 	Title:
    	Chief
    Executive Officer
	 	 	 
	 	HOLDERS:
	 	 
	 	/s/ Dave J. Pfanzelter
	 	Dave J. Pfanzelter
	 	 	 
	 	/s/ Henry R. Lambert
	 	Henry R. Lambert
	 	 	 
	 	/s/ Gary D. Cohee
	 	Gary D. Cohee
	 	 	 
	 	/s/ David Theno, Jr., Ph.D
	 	David Theno, Jr., Ph.D
	 	 	 
	 	/s/ William Otis
	 	William Otis
	 	 	 
	 	/s/ Tom Y. Lee
	 	Tom Y. Lee

 

Signature
Page to RSU Cancellation Agreement

 

    	 

     

    

 

Schedule
A

 

List
of Holder RSUs

 

	Holder	 	Date of Grant	 	RSU Shares	 
	Dave J. Pfanzelter	 	10/23/2013	 	 	2,800,000	 
	Henry R. Lambert	 	10/23/2013	 	 	300,000	(1)
	Gary D. Cohee	 	10/23/2013	 	 	200,000	 
	David Theno, Jr., PhD	 	10/23/2013	 	 	200,000	 
	William Otis	 	10/23/2013	 	 	200,000	 
	Tom Y. Lee	 	10/24/2014	 	 	200,000	 
	Total:	 	 	 	 	3,900,000	(1)

 

	(i)	200,000
    of the RSU Shares awarded pursuant to this RSU were previously cancelled based on performance-based conditions set forth in
    the RSU award agreement.

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