Document:

Form of Indemnification Agreement

 Exhibit 10(p) 
  
 FORM OF INDEMNIFICATION AGREEMENT 
  
 This INDEMNIFICATION AGREEMENT (this “Agreement”) is made and entered into this
     day of March 2004 (the “Effective Date”) by and between OXIS International, Inc., a Delaware corporation (the “Company”), and
                     (the “Indemnitee”). 
  
 WHEREAS, the Company believes it is essential to retain and attract qualified directors and officers; 
  
 WHEREAS, the Indemnitee is a director and/or officer of the Company;

  
 WHEREAS, both the Company and the Indemnitee recognize the
risk of litigation and other claims being asserted against directors and officers of public companies; 
  
 WHEREAS, the Company’s Certificate of Incorporation (the “Certificate of Incorporation”) requires the Company to indemnify its
directors and officers to the fullest extent permitted by the DGCL (as hereinafter defined); 
  
 WHEREAS, the Indemnitee’s continued service as a director and/or officer of the Company in part is in reliance on such indemnity provisions of the Certificate of Incorporation; and 
  
 WHEREAS, in recognition of the Indemnitee’s need for (i) substantial
protection against personal liability and (ii) specific contractual assurance that the protection promised by the Certificate of Incorporation will be available to the Indemnitee, regardless of, among other things, any change in the composition of
the Company’s Board of Directors (the “Board”), and any amendment to the Certificate of Incorporation or acquisition transaction relating to the Company, the Company wishes to provide for the indemnification of the Indemnitee
and the advancement of expenses to the Indemnitee related to such indemnification to the fullest extent permitted by law and as set forth in this Agreement, and to provide for the continued coverage of the Indemnitee under the Company’s
directors’ and officers’ liability insurance policies; 
  
 NOW, THEREFORE, in consideration of the premises contained herein and of the Indemnitee continuing to serve the Company and intending to be legally bound hereby, the parties hereto agree as follows: 
  
 1. Certain Definitions. 
  
 (a) A “Change in Control” shall be deemed to have occurred
if: 
  
 (i) any “person,” as such term is used in
Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder (the “Exchange Act”), other than (a) a trustee or other fiduciary holding securities under an employee benefit
plan of the Company; (b) a corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company; or (c) any current beneficial stockholder or group, as defined
by Rule 13d-5 of the Exchange Act, including the heirs, assigns and successors thereof, of beneficial ownership, 

  

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within the meaning of Rule 13d-3 of the Exchange Act, of securities possessing more than 50% of the total combined voting power of the Company’s
outstanding securities; hereafter becomes the “beneficial owner,” as defined in Rule 13d-3 of the Exchange Act, directly or indirectly, of securities of the Company representing 20% or more of the total combined voting power represented by
the Company’s then outstanding Voting Securities; or 
  
 (ii) the stockholders of the Company approve a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the Voting Securities of the Company outstanding immediately prior
thereto continuing to represent (either by remaining outstanding or by being converted into Voting Securities of the surviving entity) at least 80% of the total voting power represented by the Voting Securities of the Company or such surviving
entity outstanding immediately after such merger or consolidation, or the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company, in one transaction or a series of
transactions, of all or substantially all of the Company’s assets. 
  
 (b) “DGCL” shall mean the General Corporation Law of the State of Delaware, as the same exists or may hereafter be amended or interpreted; provided, however, that in the case of any such amendment or interpretation, only to
the extent that such amendment or interpretation permits the Company to provide broader indemnification rights than were permitted prior thereto. 
  
 (c) “Expense” shall mean attorneys’ fees and all other costs, expenses and obligations paid or incurred in connection with
investigating, defending, being a witness in or participating in (including on appeal), or preparing for any of the foregoing, any Proceeding relating to any Indemnifiable Event. 
  
 (d) “Indemnifiable Event” shall mean any event or occurrence that takes place either prior to or after the
execution of this Agreement, related to the fact that the Indemnitee is or was a director or officer of the Company, or is or was serving at the request of the Company as a director, officer, employee, or agent of another corporation or of a
partnership, joint venture, trust or other enterprise, including service with respect to employee benefit plans, or by reason of anything done or not done by the Indemnitee in any such capacity, including, without limitation, anything related to or
arising out of Axonyx Inc.’s investment in the Company’s capital stock or Axonyx’s requests concerning the composition of the Company’s Board. 
  
 (e) “Proceeding” shall mean any threatened, pending or completed action, suit, investigation or proceeding,
and any appeal thereof, whether civil, criminal, administrative or investigative and/or any inquiry or investigation, whether conducted by the Company or any other party, that the Indemnitee in good faith believes might lead to the institution of
any such action. 
  
 (f) “Reviewing Party” shall
mean any appropriate person or body consisting of a member or members of the Company’s Board or any other person or body appointed by the Board (including the special independent counsel referred to in Section 6) who is not a party to the
particular Proceeding with respect to which the Indemnitee is seeking indemnification. 
  

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 (g) “Voting Securities” shall mean any securities of the Company which vote generally in
the election of directors. 
  
 2. Indemnification. In the
event the Indemnitee was or is a party to or is involved (as a party, witness, or otherwise) in any Proceeding by reason of (or arising in part out of) an Indemnifiable Event, whether the basis of the Proceeding is the Indemnitee’s alleged
action in an official capacity as a director or officer or in any other capacity while serving as a director or officer, the Company shall indemnify the Indemnitee to the fullest extent permitted by the DGCL against any and all Expenses, liability,
and loss (including judgments, fines, ERISA excise taxes or penalties, and amounts paid or to be paid in settlement, and any interest, assessments, or other charges imposed thereon, and any federal, state, local, or foreign taxes imposed on any
director or officer as a result of the actual or deemed receipt of any payments under this Agreement) (collectively, “Liabilities”) reasonably incurred or suffered by Indemnitee in connection with such Proceeding. The Company shall
provide indemnification pursuant to this Section 2 as soon as practicable, but in no event later than 30 days after it receives written demand from the Indemnitee. Notwithstanding anything in this Agreement to the contrary and except as provided in
Section 5 below, the Indemnitee shall not be entitled to indemnification pursuant to this Agreement (i) in connection with any Proceeding initiated by the Indemnitee against the Company or any director or officer of the Company unless the Company
has joined in or consented to the initiation of such Proceeding or (ii) on account of any suit in which judgment is rendered against the Indemnitee pursuant to Section 16(b) of the Exchange Act for an accounting of profits made from the purchase or
sale by the Indemnitee of securities of the Company. 
  
 3.
Advancement of Expenses. The Company shall advance Expenses to the Indemnitee within 30 days of such request (an “Expense Advance”); provided, however, that if required by applicable corporate laws such Expenses shall be
advanced only upon delivery to the Company of an undertaking by or on behalf of the Indemnitee to repay such amount if it is ultimately determined that the Indemnitee is not entitled to be indemnified by the Company; and provided further, that the
Company shall make such advances only to the extent permitted by law. Expenses incurred by the Indemnitee while not acting in his/her capacity as a director or officer, including service with respect to employee benefit plans, may be advanced upon
such terms and conditions as the Board, in its sole discretion, deems appropriate. 
  
 4. Review Procedure for Indemnification. Notwithstanding the foregoing, (i) the obligations of the Company under Sections 2 and 3 above shall be subject to the condition that the Reviewing Party shall not have
determined (in a written opinion, in any case in which the special independent counsel referred to in Section 6 hereof is involved) that the Indemnitee would not be permitted to be indemnified under applicable law, and (ii) the obligation of the
Company to make an Expense Advance pursuant to Section 3 above shall be subject to the condition that, if, when and to the extent that the Reviewing Party determines that the Indemnitee would not be permitted to be so indemnified under applicable
law, the Company shall be entitled to be reimbursed by the Indemnitee (who hereby agrees to reimburse the Company) for all such amounts theretofore paid; provided, however, that if the Indemnitee has commenced legal proceedings in a court of
competent jurisdiction pursuant to Section 5 below to secure a determination that the Indemnitee should be indemnified under applicable law, any determination made by the Reviewing Party that the Indemnitee would not be permitted to be indemnified
under applicable law shall not be binding and the Indemnitee shall not be required to 

  

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reimburse the Company for any Expense Advance until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom
have been exhausted or have lapsed). The Indemnitee’s obligation to reimburse the Company for Expense Advances pursuant to this Section 4 shall be unsecured and no interest shall be charged thereon. If there has not been a Change in Control,
the Reviewing Party shall be selected by the Board, and if there has been such a Change in Control, other than a Change in Control which has been approved by a majority of the Company’s Board who were directors immediately prior to such Change
in Control, the Reviewing Party shall be the special independent counsel referred to in Section 6 hereof. 
  
 5. Enforcement of Indemnification Rights. If the Reviewing Party determines that the Indemnitee substantively would not be permitted to be
indemnified in whole or in part under applicable law, or if the Indemnitee has not otherwise been paid in full pursuant to Sections 2 and 3 above within 30 days after a written demand has been received by the Company, the Indemnitee shall have the
right to commence litigation in any court in the State of Delaware having subject matter jurisdiction thereof and in which venue is proper to recover the unpaid amount of the demand (an “Enforcement Proceeding”) and, if successful
in whole or in part, the Indemnitee shall be entitled to be paid any and all Expenses in connection with such Enforcement Proceeding. The Company hereby consents to service of process for such Enforcement Proceeding and to appear in any such
Enforcement Proceeding. Any determination by the Reviewing Party otherwise shall be conclusive and binding on the Company and the Indemnitee. 
  
 6. Change in Control. The Company agrees that if there is a Change in Control of the Company, other than a Change in Control which has been
approved by a majority of the Company’s Board who were directors immediately prior to such Change in Control, then with respect to all matters thereafter arising concerning the rights of the Indemnitee to indemnity payments and Expense Advances
under this Agreement or any other agreement or under applicable law or the Company’s Certificate of Incorporation or Bylaws now or hereafter in effect relating to indemnification for Indemnifiable Events, the Company shall seek legal advice
only from special independent counsel selected by the Indemnitee and approved by the Company, which approval shall not be unreasonably withheld. Such special independent counsel shall not have otherwise performed services for the Company or the
Indemnitee, other than in connection with such matters, within the last five years. Such independent counsel shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest
in representing either the Company or the Indemnitee in an action to determine the Indemnitee’s rights under this Agreement. Such counsel, among other things, shall render its written opinion to the Company and the Indemnitee as to whether and
to what extent the Indemnitee would be permitted to be indemnified under applicable law. The Company agrees to pay the reasonable fees of the special independent counsel referred to above and to indemnify fully such counsel against any and all
expenses (including attorneys’ fees), claims, liabilities and damages arising out of or relating to this Agreement or the engagement of special independent counsel pursuant to this Agreement. 
  
 7. Partial Indemnity. If the Indemnitee is entitled under any
provision of this Agreement to indemnification by the Company for some or a portion of the Expenses and Liabilities, but not, however, for all of the total amount thereof, the Company shall nevertheless 

  

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indemnify the Indemnitee for the portion thereof to which the Indemnitee is entitled. Moreover, notwithstanding any other provision of this Agreement, to the
extent that the Indemnitee has been successful on the merits or otherwise in defense of any or all Proceedings relating in whole or in part to an Indemnifiable Event or in defense of any issue or matter therein, including dismissal without
prejudice, the Indemnitee shall be indemnified against all Expenses incurred in connection therewith. In connection with any determination by the Reviewing Party or otherwise as to whether the Indemnitee is entitled to be indemnified hereunder, the
burden of proof shall be on the Company to establish that the Indemnitee is not so entitled. 
  
 8. Non-exclusivity. The rights of the Indemnitee hereunder shall be in addition to any other rights the Indemnitee may have under any statute, provision of the Company’s Certificate of Incorporation or
Bylaws, vote of stockholders or disinterested directors or otherwise, both as to action in an official capacity and as to action in another capacity while holding such office. To the extent that a change in the DGCL permits greater indemnification
by agreement than would be afforded currently under the Company’s Certificate of Incorporation and this Agreement, it is the intent of the parties hereto that the Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such
change. 
  
 9. Liability Insurance. To the extent the
Company maintains an insurance policy or policies providing directors’ and officers’ liability insurance, the Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the
coverage available for any director or officer of the Company. 
  
 10. Settlement of Claims. The Company shall not be liable to indemnify the Indemnitee under this Agreement (a) for any amounts paid in settlement of any action or claim effected without the Company’s written consent, which
consent shall not be unreasonably withheld; or (b) for any judicial award if the Company was not given a reasonable and timely opportunity, at its expense, to participate in the defense of such action. 
  
 11. No Presumption. For purposes of this Agreement, to the fullest
extent permitted by law, the termination of any Proceeding, action, suit or claim, by judgment, order, settlement (whether with or without court approval) or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a
presumption that the Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by applicable law. 
  
 12. General Provisions. 
  
 (a) Amendment of this Agreement. No supplement, modification or
amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not
similar), nor shall such waiver constitute a continuing waiver. Except as specifically provided herein, no failure to exercise or any delay in exercising any right or remedy hereunder shall constitute a waiver thereof. 
  
 (b) Subrogation. In the event of payment under this Agreement, the
Company shall be subrogated to the extent of such payment to all of the rights of recovery of the 

  

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Indemnitee, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of such
documents necessary to enable the Company effectively to bring suit to enforce such rights. 
  
 (c) No Duplication of Payments. The Company shall not be liable under this Agreement to make any payment in connection with any claim made against Indemnitee to the extent the Indemnitee has otherwise actually
received payment (under any insurance policy, Bylaw, vote, agreement or otherwise) of the amounts otherwise indemnifiable hereunder. 
  
 (d) Binding Effect. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective
successors, assigns, including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Company, spouses, heirs, and personal and legal representatives. The
Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all, or a substantial part, of the business and/or assets of the Company, by written agreement in form
and substance satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. This Agreement shall
continue in effect regardless of whether the Indemnitee continues to serve as a director or officer of the Company or of any other enterprise at the Company’s request. 
  
 (e) Severability. The provisions of this Agreement shall be severable in the event that any of the provisions hereof
(including any provision within a single section, paragraph or sentence) is held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable, and the remaining provisions shall remain enforceable to the fullest extent
permitted by law. Furthermore, to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of this Agreement containing any provision held to be invalid, void or otherwise unenforceable, that is not
itself invalid, void or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable. This Agreement supercedes any written agreement existing on the date hereof between the
Company and the Indemnitee wherein the Company has agreed to indemnify the Indemnitee. 
  
 (f) Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware applicable to contracts made and to be performed in such State without
giving effect to the principles of conflicts of laws. 
  
 (g)
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. 
  

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 (h) Notices. All notices, demands, and other communications required or permitted hereunder shall
be made in writing and shall be deemed to have been duly given if delivered by hand, against receipt, or mailed, postage prepaid, certified or registered mail, return receipt requested, and addressed to the Company at: 
  
 OXIS International, Inc. 
 6040 N. Cutter Circle, Suite 317 
 Portland,
OR 97217 
 Attn: Chief Financial Officer 
  
 and to the Indemnitee at: 
  
 ______________________________ 
  
 ______________________________ 
  
 ______________________________ 
  
 Notice of change of address shall be effective only when done in accordance with this Section. All notices complying with this Section shall be deemed to
have been received on the date of delivery or on the third business day after mailing. 
  

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 IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Agreement as of the day
first set forth above. 
  

			
	COMPANY:
	
	OXIS INTERNATIONAL, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	INDEMNITEE:
	
	  

	Signature
	
	Print Name:
                                        
                    

  

 8Ninth Amendment to Lease

 Exhibit 10(q) 
  
 NINTH AMENDMENT TO LEASE 
  
 THIS NINTH AMENDMENT TO LEASE, dated November 11, 2004 (“Ninth Amendment”) is made and entered into by and between ROSAN, INC., an
Oregon corporation (“Landlord”), and OXIS INTERNATIONAL, INC. (formerly known as International Bio-Clinical, Inc.), a Delaware corporation (“Tenant”), for certain premises located in the City of Portland, County of Multnomah,
State of Oregon, at Building 3A of Expressway Park, located at 6040 N. Cutter Circle, Portland, OR 97217 (“the Building”). 
  
 Recitals: 
  

	 	A.	Landlord and Tenant entered into that certain Expressway Park Multi-Tenant Lease dated November 5, 1990 (the “Original Lease”) covering a portion of the Building commonly
referred to as Suite 317, consisting of approximately 13,139 square feet of space (the “Original Space”). The Original Lease was amended by Lease Amendment executed by Landlord on June 14, 1991 and by Tenant on May 28, 1991 (the
“First Amendment”). 

  

	 	B.	Pursuant to a letter agreement dated September 27, 1994 (the “Second Amendment”), Landlord and Tenant further modified the Original Lease as theretofore amended, adding to
the Original Space on a month-to-month basis an additional portion of the building commonly referred to as Suite 321 consisting of approximately 2,304 square feet of space (the “Additional Space”) for an additional monthly rent of $630.

  

	 	C.	Pursuant to the Third Amendment to Lease dated January 15, 1996, Landlord and Tenant further modified the Original Lease as theretofore amended, (a) defining the leased premises as
one Suite (Suite 317) of 15,443 square feet of space; (b) extending the lease term to May 14, 1997; (c) the Landlord agreement to expend $65,000.00 for additional tenant improvements requested by Tenant; (d) and Tenant repaying said improvements at
11% interest over the remaining term of the Lease as defined per the Third Amendment. 

  

	 	D.	Pursuant to the Fourth Amendment to Lease dated July 22, 1997, Landlord and Tenant further modified the Original Lease as theretofore amended, (a) extending the lease term to May
14, 1998; (b) instituting a new rental rate of $9,372.00 NNN per month for the rented premises. 

  

	 	E.	Pursuant to the Fifth Amendment to Lease dated July 22, 1997, Landlord and Tenant further modified the original Lease as theretofore amended, (a) extending the lease term to
November 14, 1998; (b) instituting a new rental rate of $9,653.00 NNN per month for the rented premises. 

  

	 	F.	Pursuant to the Sixth Amendment to Lease dated February 5, 1999, Landlord and Tenant further modified the Original Lease as theretofore amended, (a) extending the lease term to
November 14, 2000; (b) instituting a new rental rate of $9,943.00 NNN per month for the rented premises. 

  

	 	G.	Pursuant to the Seventh Amendment to Lease dated December 11, 2000, Landlord and Tenant further modified the Original Lease as theretofore amended, (a) extending the lease term to
November 14, 2001; (b) instituting a new rental rate of $10,241.00 NNN per month for the rented premises. 

	 	H.	Pursuant to the Eighth Amendment to Lease dated May 7, 2002, Landlord and Tenant further modified the Original Lease as theretofore amended, (a) extending the lease term to November
14, 2004 (an additional thirty-six (36) months); (b) instituting a new rental rate of $5,120.50 for the first three (3) months of the lease term, $8,400.00 for the subsequent thirteen (13) months of the lease term, and $9,100.00 for the final twenty
(20) months of the lease term. 

  

	 	I.	Landlord and Tenant now desire to further amend the Original Lease as heretofore amended by the First Amendment, Second Amendment, Third Amendment, Fourth Amendment, Fifth
Amendment, Sixth Amendment, Seventh Amendment and the Eighth Amendment (such documents together with the terms and conditions set forth below being herein collectively referred to as the “Lease”). 

  
 NOW, THEREFORE, in consideration of the premises and the mutual covenants
set forth in this Ninth Amendment, Landlord and Tenant agree as follows: 
  
 Terms and Conditions: 
  

	 	1.	Effective Date. The Effective Date of this Ninth Amendment shall be November 15, 2004. Except as modified herein, the Lease, to include all previous Amendments, shall
continue to be effective and enforceable in accordance with its terms. 

  

	 	2.	Premises. From and after the Effective Date, for all purposes of the Lease, the term “premises” shall mean and include the Original Space and the Additional
Space consisting of an aggregate of approximately 15,443 square feet of space. 

  

	 	3.	Term. From and after the Effective Date, the date on which the lease will expire, unless earlier terminated as provided in the Lease, shall be November 14, 2005. This
Amendment shall be in effect for twelve (12) months (Months 167-178). 

  

	 	4.	Rent. The monthly rent during Months 167-178 shall be the aggregate sum of $9,100.00 NNN per month for the “premises”, as follows: 

 
 Months 167-178 - November 15, 2004 – November 14, 2005 -
$9,100.00 NNN/month 
  
 IN WITNESS WHEREOF, the parties hereto
have executed this Ninth Amendment on the date first set forth above. 
  

									
	 	 	ROSAN, INC.	 	OXIS INTERNATIONAL, INC.
					
	 	 	By:	 	 /s/ David L. Anderson

	 	By:	 	 /s/ Manus O’Donnell

	 	 	Title:	 	Vice President	 	Title:	 	Acting Chief Operating Officer

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