Document:

Form of Common Stock Certificate of the Registrant

 EXHIBIT 4.2 
 COMMON STOCK 
 PAR VALUE $0.001 
 COMMON STOCK 
 THIS CERTIFICATE IS TRANSFERABLE IN 
 CANTON, MA AND JERSEY CITY, NJ 
 SEE REVERSE FOR CERTAIN DEFINITIONS 
 Certificate 
 Number 
 Shares 
 INSYS THERAPEUTICS, INC. 
 INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE 
 CUSIP 45822Q 10 3 
 THIS CERTIFIES THAT 
 is the owner of 
 FULLY-PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK OF 
 Insys Therapeutics, Inc. (hereinafter called
the “Company”), transferable on the books of the Company in person or by duly authorized attorney, upon surrender of this Certificate properly endorsed. This Certificate and the shares represented hereby, are issued and shall be held
subject to all of the provisions of the Certificate of Incorporation, as amended, and the By-Laws, as amended, of the Company (copies of which are on file with the Company and with the Transfer Agent), to all of which each holder, by acceptance
hereof, assents. This Certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar. 
 Witness the facsimile seal of the Company and the facsimile signatures of its duly authorized officers. 
 DATED <<Month Day, Year>> 
 COUNTERSIGNED AND REGISTERED: 
 COMPUTERSHARE TRUST COMPANY, N.A. 
 TRANSFER AGENT AND REGISTRAR, 
 President and Chief Executive Officer 
 Secretary 
 By

 AUTHORIZED SIGNATURE 
  

	
	 

 

 
  
 INSYS THERAPEUTICS,
INC. 
 THE COMPANY WILL FURNISH WITHOUT CHARGE TO EACH SHAREHOLDER WHO SO REQUESTS, A SUMMARY OF THE POWERS, DESIGNATIONS,
PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OF THE COMPANY AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND RIGHTS, AND THE VARIATIONS IN RIGHTS, PREFERENCES AND
LIMITATIONS DETERMINED FOR EACH SERIES, WHICH ARE FIXED BY THE CERTIFICATE OF INCORPORATION OF THE COMPANY, AS AMENDED, AND THE RESOLUTIONS OF THE BOARD OF DIRECTORS OF THE COMPANY, AND THE AUTHORITY OF THE BOARD OF DIRECTORS TO DETERMINE VARIATIONS
FOR FUTURE SERIES. SUCH REQUEST MAY BE MADE TO THE OFFICE OF THE SECRETARY OF THE COMPANY OR TO THE TRANSFER AGENT. THE BOARD OF DIRECTORS MAY REQUIRE THE OWNER OF A LOST OR DESTROYED STOCK CERTIFICATE, OR HIS LEGAL REPRESENTATIVES, TO GIVE THE
COMPANY A BOND TO INDEMNIFY IT AND ITS TRANSFER AGENTS AND REGISTRARS AGAINST ANY CLAIM THAT MAY BE MADE AGAINST THEM ON ACCOUNT OF THE ALLEGED LOSS OR DESTRUCTION OF ANY SUCH CERTIFICATE. 
 The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written
out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT- . . . . . . . . . .Custodian . . . . . . . . . . . . . . . 
 (Cust) (Minor) 
 TEN ENT - as tenants by the entireties under Uniform Gifts
to Minors Act . . . . . . . . . . . . . 
 (State) 
 JT TEN - as joint tenants with right of survivorship UNIF TRF MIN ACT . . . . . . . . . . . . . . .Custodian (until age. . . ). . . . . .
.. . . . . and not as tenants in common (Cust) (Minor) under Uniform Transfers to Minors Act. . . . . . . . . . 
 (State)

 Additional abbreviations may also be used though not in the above list. 
 PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 
 For value received, hereby sell, assign and transfer unto 
 (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE) 
 Shares of the common stock represented by the within Certificate, and do hereby irrevocably constitute and appoint Attorney to transfer the said stock on the books of the within-named Corporation with full power of substitution in
the premises. 
 Dated: Signature: Signature: 
 Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate, in every particular, without alteration or enlargement, or any change whatever.

 Signature(s) Guaranteed: Medallion Guarantee Stamp 
 THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (Banks, Stockbrokers, Savings and Loan Associations and Credit
Unions) WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15.Employment Offer Letter for Jon McGarity, as amended

 Exhibit 10.6 
 January 26, 2007 
 Mr. Jon McGarity 
 9940 N.
78th Place 
 Scottsdale, AZ 85258-1389 
 Dear Jon: 

I am pleased to offer you the position of Chief Executive Officer and President at Insys Therapeutics, Inc. The salary offered for this position is $276,000.00 per
year. You are also eligible to receive a bonus potential of up to 50% of your base salary, with 35% guaranteed in the first year. As a full-time employee you will be eligible for health benefits and a 401K retirement plan. The attached
“employment statement” summarizes your employment benefits. 
 On the first day of your employment you will be requested to sign a Confidentiality
Agreement. If you are in agreement, please signify your acceptance of this offer of employment by signing and returning this letter and the “offer statement” no later than February 6, 2007. 
 Jon, you have been offered a key position at Insys and we look forward to your active contribution to the success of our company. It is my hope that you will find your
employment at Insys a truly rewarding experience. 
 I look forward to welcoming you to Insys. Should you have any questions or concerns please do not
hesitate to contact me. 
 Sincerely, 
 Dr. John N.
Kapoor 
 Chairman 
 I hereby accept Insys Therapeutics
Inc.’s offer as described in this letter. 
  

					
	/s/ Jon McGarity	 		 	2-1-07
	Signature of Jon McGarity	 		 	Date

 cc: Kay Armstrong 

 INSYS THERAPEUTICS, INC. (“COMPANY”) 
 EMPLOYMENT OFFER STATEMENT (“OFFER STATEMENT”) 
 TO: Jon McGarity 
 DATE: January 26, 2007 
 POSITION: Chief Executive Officer and President 
 START DATE: February 12th, 2007 
 COMPENSATION: 
  

			
	 SALARY
	  	$276,000 per annum and until year end 2007 or IPO, you will be paid 13K per month, with 10K per month deferred. At either event, you will receive the deferment in a lump sum.
		
	 BONUS
	  	Up to 50% bonus potential. 35% bonus is guaranteed.
		
	 EQUITY
	  	You shall receive 600,000 options. On an ongoing basis, you will participate in the annual employee stock option award program, to the extent such awards are granted by the Board of Directors.

		
		  	34% of the options will be vested immediately upon your joining the company; the remaining 66% will vest per the following schedule:
		
		  	33% - March 1, 2008
		  	33% - March 1, 2009
		
		  	In order for any unvested options to vest, you must be an employee of the Company in good standing or reach terms that would complete the vesting.
		
		  	The options shall be subject to all the terms and conditions of the Employee Stock Option Program adopted by the Company. Any Shares issued pursuant to these paragraphs shall be subject to a
prohibition on transferability until such time as an initial public offering of the Company’s stock is implemented by the Company.
		
	PAID TIME OFF:	  	After completion of six months of employment, you are entitled to one week vacation. Your annual vacation time will be three weeks. You will have eight paid holidays and five personal/sick days.
Please note that vacation time unused for the calendar year cannot be carried over.

			
		
	HEALTH INSURANCE:	  	Effective on the first day of the first full month following the Start Date but subject to any pre-existing condition clauses that may be applicable to you or your family, Company Sponsored
group medical and dental health coverage will be provided to you consistent with the Company health insurance benefits plan in place.
		
	BENEFITS:	  	Effective on the first day of the first full month following the Start Date, long term disability and life insurance at one and one-half (1 1/2) times annual salary to a maximum of $100,000.00, consistent with the Company benefits plan, shall be provided to you. These benefits are to be paid in
full by the Company. If declined, Insys will cover your personal life insurance policy up to $6,000 annually.
		
	RETIREMENT:	  	Subject to all eligibility and waiting period requirements, you shall be entitled to participate in the 401(k) Plan.
		
	TERMINATION:	  	Either you or the Company may terminate the “At-Will” employment upon thirty (30) days written notice to the other.
		
	EMPLOYMENT STATUS:	  	“At Will” Employment; Nothing herein shall be construed to alter your status as an “At-Will” employee.
		
	TECHNOLOGY & INTELLECTUAL PROPERTY:	  	

All intellectual property and technology developed as a result of projects pursued by Insys, whether directly or indirectly, while employed at Insys Therapeutics,
Inc. shall belong to the Company.

  

									
	Accepted:	 	/s/ Jon McGarity	 		 	Approved:	 	/s/ John Kapoor
		 		 		 	Its: Chairman

 INSYS THERAPEUTICS, INC. 
 December 28, 2007 
 Jon McGarity 
 c/o Insys Therapeutics, Inc. 
 10220 South 51st Street, Suite 2 
 Phoenix, AZ 85044 
  

	Re:	Amendment to Employment Offer Letter 

 Dear Jon: 
 This letter amends the offer letter previously provided to you by Insys Therapeutics, Inc. (the “Company”), dated January 26,
2007 (the “Offer Letter”). Except as specifically set forth below, all provisions of the Offer Letter will remain in full force and effect and all capitalized terms used herein not defined in this letter will have the
meanings in the Offer Letter. 
 The Offer Letter is hereby amended to add the following language to replace the paragraph titled
“SALARY” within the Employment Offer Statement attached to the Offer Letter, to read as follows: 
  

			
	“SALARY	  	$276,000 per annum. You will be paid $23,000 per month, with $10,000 of such amount deferred per month (the “Deferred Amount”) until the earlier to occur
of (i) December 31, 2007 (the “Fiscal Year End”) or (ii) the closing of the Company’s initial public offering (the “IPO”). Upon the occurrence of either the Fiscal Year End or the IPO
(whichever occurs first), you will receive the full Deferred Amount accrued at such time, payable in one lump sum within 10 business days following such occurrence.”

 [Remainder of Page Intentionally Left Blank] 

 Please sign below if you agree and accept the foregoing terms. 
 Sincerely, 
 INSYS THERAPEUTICS,
INC. 
  

			
	 /s/ Michael Babich

	By:	 	Michael Babich
	Title:	 	Chief Operating Officer

 I have read and agree to the terms and conditions contained herein: 
  

							
	 /s/ Jon McGarity
	 		 		 	 December 28, 2007

	Jon McGarity	 		 		 	Date

 [Signature Page to J. McGarity Offer Letter Amendment]

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