Document:

HANCOCK JAFFE LABORATORIES, INC.

 

EMPLOYMENT AGREEMENT

 

This Employment
Agreement (“Agreement”), dated as of July 1, 2016 (the “Effective Date”), is made by and
between Hancock Jaffe Laboratories, Inc. (“Hancock Jaffe”) and Steven Cantor (“Employee,”
and together with Hancock Jaffe, the “Parties”).

 

A.       The
Parties previously entered into an employment agreement, on or about September 2, 2013 (the “Prior Employment Agreement”).

 

B.       Hancock
Jaffe desires to employ Employee and Employee desires to be so employed, pursuant to the terms of this Agreement.

 

C.       This
Agreement will supersede the Prior Employment Agreement in its entirety.

 

D.       Upon
signing this Agreement, Employee shall be paid in full the deferred income owed Employee from the Prior Employment Agreement to
the date of this Agreement.

 

NOW, THEREFORE,
in consideration of the foregoing, of the mutual promises contained herein and of other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

 

1.       POSITION
AND DUTIES.

 

(a)       Hancock
Jaffe shall employ Employee as its Business Development Manager. Upon Hancock Jaffe’s initial public offering (IPO) of its
stock, Employee shall assume the new position of Vice President of Business Development. Employee shall be responsible for assisting
in advancing the exit strategy and/or development routes of Hancock Jaffe’s products. Employee shall perform the duties set
forth in this Section 1, in addition to those employment duties that are usual and customary for Employee’s position
and those employment duties that may be assigned to Employee by the Chief Executive Officer of Hancock Jaffe from time to time.

 

(b)       Employee
shall report directly to the Chief Executive Officer.

 

(c)       Employee
shall devote such time, energy, judgment, knowledge and skill and Employee’s best commercial efforts to the performance of
Employee’s duties with Hancock Jaffe, provided that the foregoing shall not prevent Employee from (i) participating
in charitable, civic, educational, professional, community or industry affairs, (ii) managing Employee’s passive personal
investments, so long as such activities in the aggregate do not create a business or fiduciary conflict, or (iii) participating
in any business that does not compete with Hancock Jaffe’s cardiovascular, orthopedic and dermal filler products. Hancock
Jaffe acknowledges that Employee’s non-competitive activities in other medical companies may help Hancock Jaffe advance the
exit strategy and/or development routes of its products.

 

2.       TERM.
Subject to the severance provisions of Section 7, this Agreement shall be for an initial term that begins on the Effective
Date and continues in effect through December 31, 2016 (the “Initial Term”) This Agreement shall automatically
be extended for additional one (1) year Renewal Terms (unless sooner terminated pursuant to the terms and provisions herein) unless
either party gives written notice to the other to terminate this Agreement at least thirty (30) days prior to the end of each calendar
year, (each year, a “Renewal Term,” and each Renewal Term together with the Initial Term, the “Term”).
Non-Renewal of this Agreement by Hancock Jaffe will be deemed a TERMINATION WITHOUT CAUSE OR FOR GOOD REASON and subject
to the provisions of Section 7 of this agreement. Notwithstanding the above in this Section 2, upon a Hancock Jaffe IPO, Employee
Agreement shall automatically be for a term of two (2) years from such IPO and subject to the renewal terms described herein.

 

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3.       BASE
SALARY. Hancock Jaffe shall pay Employee a base salary (“Base Salary”) at an annual rate of $24,000 during
the Term, paid in accordance with the regular payroll practices of Hancock Jaffe. The Base Salary shall be subject to annual review
and adjustment at the sole discretion of the Board. In no event shall Salary be reduced from the preceding year without the consent
of Employee. Notwithstanding the above in this Section 3, upon IPO, the Base Salary shall automatically increase to an annual rate
of $180,000 per year for two (2) years starting from date of IPO.

 

4.       BONUS.
Employee shall receive a Bonus of $250,000 upon completion of a strategic transaction, such as the completion of the Series
A Private Placement or a strategic transaction regarding a Hancock Jaffe product candidate. Hancock Jaffe, at its sole discretion,
may advance all or portions of the Bonus as certain milestones are met.

 

5.       EQUITY
.. 

 

(a) Upon signing this Agreement, Employee
shall be issued a replacement stock certificate representing 598,800 shares of Hancock Jaffe Common Stock. Such 598,800 shares
of Hancock Jaffe common stock, which are considered founders shares with a zero or near zero value at issuance, Employee received
September 2, 2013 from Prior Employment Agreement. These 598,800 shares have been previously earned in accordance with the Prior
Employment Agreement and are not subject to claw back or other similar action by Hancock Jaffe.

 

(b) Upon signing this Agreement, Hancock
Jaffe ratifies the warrant agreement between Hancock Jaffe and Employee dated May 5, 2016, which among other terms, provides for
Employee to purchase 833,333 shares of Hancock Jaffe common stock at a price of $6.00 per share. Such warrants are not subject
to claw back or other similar action by Hancock Jaffe.

 

6.       EMPLOYEE
BENEFITS.

 

(a)       BENEFIT
PLANS. During the Term, Employee shall be entitled to participate in any employee benefit plans that Hancock Jaffe has adopted
or may adopt, maintains or contributes to for the benefit of its employees generally, subject to satisfying the applicable eligibility
requirements, except to the extent such plans are duplicative of the benefits otherwise provided to Employee hereunder. Employee’s
participation shall be subject to the terms of the applicable plan documents and generally applicable Hancock Jaffe policies. Healthcare
and Dental Benefit Premiums for Employee and Employee’s spouse will be 100% paid by Hancock Jaffe. Notwithstanding the foregoing,
with the exception of Healthcare and Dental Benefit Premiums for Employee and Employee’s spouse, Hancock Jaffe may modify
or terminate any employee benefit plan at any time.

 

(b)       VACATIONS.
During the Term, Employee shall be entitled to paid vacation time in accordance with Hancock Jaffe’s policy applicable
to senior management employees as in effect from time to time; provided, however, that Employee shall be entitled
to no less than 25 days of paid vacation per calendar year, prorated for any partial years of employment. A maximum of 10 days
of unused vacation time may be carried forward from one calendar year to any subsequent calendar year.

 

(c)       HOLIDAYS
AND PERSONAL DAYS. During the Term, Employee shall be entitled to Holidays and Personal Days in accordance with Hancock Jaffe
policy (currently 12 paid Holidays and 10 Personal days per calendar year). Unused Holidays and Personal Days may not be carried
forward from one calendar year to any subsequent calendar year.

 

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(d)       PENSION
AND PROFIT SHARING PLANS. During the Term, Employee shall be entitled to participate in any Pension or Profit Sharing Plan
or other type of plan adopted by Hancock Jaffe for the benefit of its Employees and/or employees generally.

 

(e)       BUSINESS
EXPENSES. Upon presentation of reasonable substantiation and documentation as Hancock Jaffe may require from time to time,
Employee shall be reimbursed in accordance with Hancock Jaffe’s expense reimbursement policy, for all reasonable out-of-pocket
business expenses incurred and paid by Employee during the Term and in connection with the performance of Employee’s duties
hereunder.

 

6.       TERMINATION.
Employee’s employment under this Agreement shall terminate on the first to occur of the following:

 

(a)       DISABILITY.
Upon 10 days’ prior written notice by Hancock Jaffe to Employee of termination due to Disability. “Disability”
shall mean Employee is unable to perform each of the essential duties of Employee’s position by reason of a medically determinable
physical or mental impairment that is potentially permanent in character or that can be expected to last for a continuous period
of not less than 12 months.

 

(b)       DEATH.
Automatically upon the death of Employee.

 

(c)       CAUSE.
Immediately upon written notice by Hancock Jaffe to Employee of a termination for Cause. “Cause” shall mean
Employee’s:

 

(i)       willful
misconduct or gross negligence in the performance of Employee’s duties to Hancock Jaffe;

 

(ii)       willful
failure to perform Employee’s duties to Hancock Jaffe or to follow the lawful directives of the Chief Executive Officer (other
than as a result of death or Disability);

 

(iii)       indictment
for, conviction of or pleading of guilty or nolo contendere to, a felony or any crime involving moral turpitude;

 

(iv)       repeated
failure to cooperate in any audit or investigation of the business or financial practices of Hancock Jaffe;

 

(v)       performance
of any material act of theft, embezzlement, fraud, malfeasance, dishonesty or misappropriation of Hancock Jaffe’s property;
or

 

(vi)       material
breach of this Agreement or any other material agreement with Hancock Jaffe or a material violation of Hancock Jaffe’s code
of conduct or other written policy.

 

Employee shall be given written notice
detailing the specific Cause event and a period of 10 days following Employee’s receipt of such notice to cure such event
(if susceptible to cure) to the reasonable satisfaction of the Board. Notwithstanding anything to the contrary contained herein,
Employee’s right to cure as set forth in the preceding sentence shall not apply if there are habitual or repeated breaches
by Employee. A termination for Cause shall be deemed to include a determination by the Board or its designee following Employee’s
termination of service that circumstances existing prior to such termination would have entitled Hancock Jaffe to have terminated
Employee for Cause. All rights Employee has or may have under this Agreement shall be suspended automatically during the pendency
of any investigation by the Board or its designee, or during any negotiations between the Board or its designee and Employee, regarding
any actual or alleged act or omission by Employee of the type described in this definition of Cause.

 

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(d)       GOOD
REASON. Upon written notice by Employee to Hancock Jaffe of a termination for Good Reason. “Good Reason”
shall mean the occurrence of any of the following events, without the consent of Employee, unless such events are fully corrected
in all material respects by Hancock Jaffe within 30 days following written notification by Employee to Hancock Jaffe of the occurrence
of one of the events:

 

(i)       material
diminution in Employee’s Base Salary or Annual Bonus opportunity;

 

(ii)       material
diminution in Employee’s authority or duties set forth in Section 1 above (for sake of clarity, a change in title
shall not constitute Good Reason), other than temporarily while physically or mentally incapacitated, as required by applicable
law; or

 

(iii)       a
material breach by Hancock Jaffe of a material term of this Agreement.

 

Employee shall provide Hancock Jaffe
with a written notice detailing the specific circumstances alleged to constitute Good Reason within 30 days after the first occurrence
of such circumstances, and actually terminate employment within 30 days following the expiration of Hancock Jaffe’s 30-day
cure period described above. Otherwise, any claim of such circumstances as Good Reason shall be deemed irrevocably waived by Employee.

 

(e)       WITHOUT
CAUSE. Immediately upon written notice by Hancock Jaffe to Employee of an involuntary termination without Cause (other than
for death or Disability).

 

(f)       VOLUNTARY
TERMINATION. Upon 60 days’ prior written notice by Employee to Hancock Jaffe of Employee’s voluntary termination
of employment without Good Reason (which Hancock Jaffe may, in its sole discretion, make effective earlier than any notice date).

 

7.       CONSEQUENCES
OF TERMINATION.

 

(a)       DEATH/DISABILITY.
In the event that Employee’s employment ends on account of Employee’s death or Disability, Employee or Employee’s
estate, as the case may be, shall be entitled to the following (with the amounts due under Sections 7(a)(i) through 7(a)(iv)
below to be paid within 60 days following termination of employment, or such earlier date as may be required by applicable law):

 

(i)       any
unpaid Base Salary through the date of termination;

 

(ii)       any
Annual Bonus earned but unpaid prior to the date of termination;

 

(iii)       reimbursement
for any unreimbursed business expenses incurred through the date of termination;

 

(iv)       any
accrued but unused vacation time in accordance with Hancock Jaffe policy, which shall be prorated for any year in which Employee’s
employment with Hancock Jaffe is terminated; and

 

(v)       all
other payments, benefits or fringe benefits to which Employee shall be entitled under the terms of any applicable compensation
arrangement or benefit, equity or fringe benefit plan or program or grant (collectively, Sections 7(a)(i) through 7(a)(v)
hereof shall be hereafter referred to as the “Accrued Benefits”).

 

(b)       TERMINATION
FOR CAUSE OR WITHOUT GOOD REASON. If Employee’s employment is terminated (i) by Hancock Jaffe for Cause or (ii) by Employee
without Good Reason, Hancock Jaffe shall pay to Employee the Accrued Benefits (other than the Annual Bonus described in Section
7(a)(ii) above).

 

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(c)       TERMINATION
WITHOUT CAUSE OR FOR GOOD REASON. If Employee’s employment by Hancock Jaffe is terminated by Hancock Jaffe other than
for Cause or Disability or by Employee for Good Reason, Hancock Jaffe shall pay or provide Employee the following:

 

(i)       the
Accrued Benefits; and

 

(ii)       subject
to Employee’s continued compliance with his obligations under this Agreement, continued payment of the Base Salary for 12
months (or 24 months if such termination occurs within 24 months following a Change in Control) following the date of termination,
paid in accordance with Hancock Jaffe’s ordinary payroll practices (collectively, the “Severance Amount”).

 

Payments and benefits provided under
this Section 7(c) shall be in lieu of any termination or severance payments or benefits to which Employee may be eligible
under any of the plans, policies or programs of Hancock Jaffe or under the Worker Adjustment Retraining Notification Act of 1988,
as amended, or any similar state statute or regulation. Should Employee die prior to the payment of the Severance Amount, the Severance
Amount shall be paid to the heirs or estate of Employee in accordance with the schedule set forth herein.

 

(d)       CHANGE
IN CONTROL. A “Change in Control” shall mean the consummation of any of the following events:

 

(i)       the
acquisition, other than from Hancock Jaffe, by any individual, entity or group (within the meaning of Section 13(d)(3) or Section
14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), other than Hancock Jaffe
or any subsidiary, affiliate (within the meaning of Rule 144 promulgated under the Securities Act of 1933, as amended) or employee
benefit plan of Hancock Jaffe, of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of
more than 50% of the combined voting power of the then outstanding voting securities of Hancock Jaffe entitled to vote generally
in the election of directors (the “Voting Securities”);

 

(ii)       a
reorganization, merger, consolidation or recapitalization of Hancock Jaffe (a “Business Combination”), other
than a Business Combination in which more than 50% of the combined voting power of the outstanding voting securities of the surviving
or resulting entity immediately following the Business Combination is held by the persons who, immediately prior to the Business
Combination, were the holders of the Voting Securities;

 

(iii)       a
complete liquidation or dissolution of Hancock Jaffe, or a sale of all or substantially all of the assets of Hancock Jaffe; or

 

Notwithstanding any provision of this
definition to the contrary, in the event that any amount or benefit under this Agreement constitutes deferred compensation under
Section 409A (as defined below) and the settlement of or distribution of such amount or benefit is to be triggered by a Change
in Control, then such settlement or distribution shall be subject to the event constituting the Change in Control also constituting
a “change in control event” under Section 409A.

 

(e)       OTHER
OBLIGATIONS. Upon any termination of Employee’s employment with Hancock Jaffe, Employee shall automatically be deemed
to have resigned from any and all other positions he then holds as an officer, director or fiduciary of Hancock Jaffe and any other
Hancock Jaffe entity that is part of the same consolidated group as Hancock Jaffe or in which capacity Employee serves at the direction
of or as a result of his position as Employee with Hancock Jaffe; and Employee shall, within 10 days of such termination, take
all actions as may be necessary under applicable law or requested by Hancock Jaffe to effect any such resignations.

 

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(f)       EXCLUSIVE
REMEDY. The amounts payable to Employee following termination of employment hereunder pursuant to Sections 7(a), (b)
and (c) above shall be in full and complete satisfaction of Employee’s rights under this Agreement and any other claims
that Employee may have in respect of Employee’s employment with Hancock Jaffe or any of its Affiliates (as defined below),
and Employee acknowledges that such amounts are fair and reasonable, and are Employee’s sole and exclusive remedy, in lieu
of all other remedies at law or in equity, with respect to the termination of Employee’s employment hereunder or any breach
of this Agreement.

 

(g)       NO
MITIGATION OR OFFSET. Employee shall not be required to seek or accept other employment or otherwise to mitigate damages as
a condition to the receipt of benefits pursuant to this Section 7, and amounts payable pursuant to this Section 7
shall not be offset or reduced by any amounts received by Employee from other sources.

 

(h)       NO
WAIVER OF ERISA-RELATED RIGHTS. Nothing in this Agreement shall be construed to be a waiver by Employee of any benefits accrued
for or due to Employee under any employee benefit plan (as such term is defined in the Employee Retirement Income Security Act
of 1974, as amended) maintained by Hancock Jaffe, if any, except that Employee shall not be entitled to any severance benefits
pursuant to any severance plan or program of Hancock Jaffe other than as provided herein.

 

(i)       CLAWBACK.
All awards, amounts or benefits outstanding under this Agreement shall be subject to clawback, cancellation, recoupment, rescission,
payback, reduction or other similar action in accordance with the terms of any applicable law related to such actions, as may be
in effect from time to time. Hancock Jaffe may take such actions as may be necessary to effectuate any provision of applicable
law relating to clawback, cancellation, recoupment, rescission, payback or reduction of compensation, whether adopted before or
after the Effective Date, without further consideration or action. Notwithstanding the above in this section, all awards, amounts,
Hancock Jaffe common stock, warrants or benefits already received, accrued and/or earned but not yet paid, shall not be subject
to clawback, cancellation, recoupment, rescission, payback, reduction or other similar action.

 

8.       RELEASE.
Any and all amounts payable and benefits or additional rights provided pursuant to this Agreement upon termination beyond the
Accrued Benefits shall only be payable if Employee delivers to Hancock Jaffe and does not revoke a general release of claims in
favor of Hancock Jaffe in a form satisfactory to Hancock Jaffe. Such release shall be furnished to Employee within two business
days after Employee’s date of termination, and must be executed and delivered (and no longer subject to revocation, if applicable)
within 30 days following termination (or such longer period to the extent required by law).

 

9.       RESTRICTIVE
COVENANTS.

 

(a)       Confidentiality.

 

(i)       Company
Information. At all times during the Term and thereafter, Employee shall hold in strictest confidence, and shall not
use, except in connection with the performance of Employee’s duties, and shall not disclose to any person or entity, any
Confidential Information of Hancock Jaffe. “Confidential Information” means any Hancock Jaffe proprietary or
confidential information, technical data, trade secrets or know-how, including research, product plans, products, services, customer
lists and customers, markets, software, developments, inventions, processes, formulas, technology, designs, drawings, engineering,
marketing, distribution and sales methods and systems, sales and profit figures, finances and other business information disclosed
to Employee by Hancock Jaffe, either directly or indirectly in writing, orally or by drawings or inspection of documents or other
tangible property. However, Confidential Information does not include any of the foregoing items which has become publicly known
and made generally available through no wrongful act of Employee.

 

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(ii)       Employee-Restricted
Information. During the Term, Employee shall not improperly use or disclose any proprietary or confidential information
or trade secrets of any person or entity with whom Employee has an agreement or duty to keep such information or secrets confidential.

 

(iii)       Third
Party Information. Employee recognizes that Hancock Jaffe has received and in the future will receive from third parties
their confidential or proprietary information subject to a duty on Hancock Jaffe’s part to maintain the confidentiality of
such information and to use it only for certain limited purposes. At all times during the Term and thereafter, Employee shall hold
in strictest confidence, and shall not use, except in connection with the performance of Employee’s duties, and shall not
disclose to any person or entity, such third party confidential or proprietary information, and shall not use it except as necessary
in performing Employee’s duties, consistent with Hancock Jaffe’s agreement with such third party.

 

(b)       Nonsolicitation
of Employees. During the Term and for a period of 12 months thereafter, Employee shall not, acting alone or in conjunction
with others, directly or indirectly, other than on behalf of Hancock Jaffe and its Affiliates, solicit employment for or of employees
of Hancock Jaffe or its Affiliates or induce, solicit or entertain any employee to leave the employ of Hancock Jaffe or its Affiliates.

 

(c)       NONDISPARAGEMENT.
Employee shall not make negative comments or otherwise disparage Hancock Jaffe or any person or entity or business unit controlled
by, controlling or under common control with Hancock Jaffe (“Affiliates”) or any of their officers, directors,
managers, employees, consultants, equityholders, agents or products. The foregoing shall not be violated by truthful statements
(i) in response to legal process, required governmental testimony or filings or administrative or arbitral proceedings (including
depositions in connection with such proceedings) or (ii) made in the course of Employee discharging his duties for Hancock Jaffe.

 

(d)       COOPERATION.
Upon the receipt of reasonable notice from Hancock Jaffe, while employed by Hancock Jaffe and thereafter, Employee shall respond
and provide information with regard to matters in which Employee has knowledge as a result of Employee’s employment with
Hancock Jaffe, and shall provide reasonable assistance to Hancock Jaffe, its Affiliates and their respective representatives in
defense of any claims that may be made against Hancock Jaffe or its Affiliates, and shall assist Hancock Jaffe and its Affiliates
in the prosecution of any claims that may be made by Hancock Jaffe or its Affiliates, to the extent that such claims may relate
to the period of Employee’s employment with Hancock Jaffe (collectively, the “Claims”). Employee shall
promptly inform Hancock Jaffe if Employee becomes aware of any lawsuits involving Claims that may be filed or threatened against
Hancock Jaffe or its Affiliates. Employee also shall promptly inform Hancock Jaffe (to the extent that Employee is legally permitted
to do so) if Employee is asked to assist in any investigation of Hancock Jaffe or its Affiliates (or their actions) or another
party attempts to obtain information or documents from Employee (other than in connection with any litigation or other proceeding
in which Employee is a party-in-opposition) with respect to matters Employee believes in good faith to relate to any investigation
of Hancock Jaffe or its Affiliates, in each case, regardless of whether a lawsuit or other proceeding has then been filed against
Hancock Jaffe or its Affiliates with respect to such investigation, and shall not do so unless legally required. During the pendency
of any litigation or other proceeding involving Claims, Employee shall not communicate with anyone (other than Employee’s
attorneys and tax and/or financial advisors and except to the extent that Employee determines in good faith is necessary in connection
with the performance of Employee’s duties hereunder) with respect to the facts or subject matter of any pending or potential
litigation or regulatory or administrative proceeding involving Hancock Jaffe or any of its Affiliates without getting the prior
written consent of Hancock Jaffe. Upon presentation of appropriate documentation, Hancock Jaffe shall pay or reimburse Employee
for all reasonable out-of-pocket travel, duplicating or telephonic expenses incurred by Employee in accordance with Hancock Jaffe’s
applicable policies in complying with this Section 9(d), and Employee shall be compensated by Hancock Jaffe at a reasonable
hourly rate for assistance given after the end of the Term.

 

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(e)       Ownership
of Information, Ideas, Concepts, Improvements, Discoveries and Inventions, and all Original Works of Authorship.

 

(i)       As
between the Parties, all information, ideas, concepts, improvements, discoveries and inventions, whether patentable or not, which
are conceived, made, developed or acquired by Employee or which are disclosed or made known to Employee, individually or in conjunction
with others, during the Term and which relate to Hancock Jaffe’s business, products or services (including all such information
relating to corporate opportunities, research, financial and sales data, pricing and trading terms, evaluations, opinions, interpretations,
acquisition prospects, the identity of clients or customers or their requirements, the identity of key contacts within the client
or customers’ organizations or within the organization of acquisition prospects, or marketing and merchandising techniques,
prospective names and marks) are and shall be the sole and exclusive property of Hancock Jaffe. Moreover, all drawings, memoranda,
notes, records, files, correspondence, manuals, models, specifications, computer programs, maps and all other writings or materials
of any type embodying any of such information, ideas, concepts, improvements, discoveries and inventions are and shall be the sole
and exclusive property of Hancock Jaffe.

 

(ii)       In
particular, Employee hereby specifically assigns and transfers to Hancock Jaffe all of Employee’s worldwide right, title
and interest in and to all such information, ideas, concepts, improvements, discoveries or inventions, and any United States or
foreign applications for patents, inventor’s certificates or other industrial rights that may be filed thereon, and applications
for registration of such names and marks. During the Term and thereafter, Employee shall assist Hancock Jaffe and its nominee at
all times in the protection of such information, ideas, concepts, improvements, discoveries or inventions, both in the United States
and all foreign countries, including the execution of all lawful oaths and all assignment documents requested by Hancock Jaffe
or its nominee in connection with the preparation, prosecution, issuance or enforcement of any applications for United States or
foreign letters patent, and any application for the registration of such names and marks.

 

(iii)       Moreover,
if during the Term, Employee creates any original work of authorship fixed in any tangible medium of expression which is the subject
matter of copyright (such as reports, videotapes, written presentations, computer programs, drawings, maps, architectural renditions,
models, manuals, brochures or the like) relating to Hancock Jaffe’s business, products or services, whether such work is
created solely by Employee or jointly with others, Hancock Jaffe shall be deemed the author of such work if the work is prepared
by Employee in the scope of Employee’s employment; or, if the work is not prepared by Employee within the scope of Employee’s
employment but is specially ordered by Hancock Jaffe as a contribution to a collective work, as a part of any written or audiovisual
work, as a translation, as a supplementary work, as a compilation or as an instructional text, then the work shall be considered
to be work made for hire and Hancock Jaffe shall be the author of the work. In the event such work is neither prepared by the Employee
within the scope of Employee’s employment or is not a work specially ordered and deemed to be a work made for hire, then
Employee shall assign, and by these presents, does assign, to Hancock Jaffe all of Employee’s worldwide right, title and
interest in and to such work and all rights of copyright therein. Both during the Term and thereafter, Employee shall assist Hancock
Jaffe and its nominee, at any time, in the protection of Hancock Jaffe’s worldwide right, title and interest in and to the
work and all rights of copyright therein, including the execution of all formal assignment documents requested by Hancock Jaffe
or its nominee and the execution of all lawful oaths and applications for registration of copyright in the United States and foreign
countries; provided, however, that Employee shall be compensated by Hancock Jaffe at a reasonable hourly rate for
assistance given after the end of the Term.

 

(iv)       Notwithstanding
the foregoing provisions of this Section 9(e), pursuant to the California Labor Code, Hancock Jaffe hereby notifies Employee
that the provisions of this Section 9(e) shall not apply to any inventions for which no equipment, supplies, facility or
trade secret information of Hancock Jaffe was used and which were developed entirely on Employee’s own time, unless (A) the
invention relates (1) to the business of Hancock Jaffe, or (2) to actual or demonstrably anticipated research or development of
Hancock Jaffe, or (B) the invention results from any work performed by Employee for Hancock Jaffe. A copy of the applicable provisions
of the California Labor Code shall be made available to Employee upon Employee’s request.

 

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(f)       RETURN
OF COMPANY PROPERTY. On the date of Employee’s termination of employment with Hancock Jaffe for any reason (or at any
time prior thereto at Hancock Jaffe’s request), Employee shall return all property belonging to Hancock Jaffe or its Affiliates
(including any Hancock Jaffe or Affiliate-provided laptops, computers, cell phones, wireless electronic mail devices or other equipment,
or documents or property belonging to Hancock Jaffe or an Affiliate).

 

(g)       EFFECT
OF EMPLOYEE BECOMING A BAD LEAVER. Notwithstanding any provision of this Agreement to the contrary, if (i) Employee breaches
any of the covenants set forth in this Agreement at any time during the period commencing on the Effective Date and ending 24 months
after Employee’s termination of employment with Hancock Jaffe for any reason and (ii) Employee fails to cure such breach
within 10 days of the effective date of written notice of such breach given by Hancock Jaffe, then Employee shall be deemed a “Bad
Leaver.” If Employee is or becomes a Bad Leaver, then (i) any severance being paid to Employee pursuant to this Agreement
or otherwise shall immediately cease upon commencement of such action and (ii) Employee shall be liable to repay to Hancock Jaffe
any severance previously paid to him by Hancock Jaffe, less $100 to serve as consideration for the release described in Section
8 above.

 

10.       EQUITABLE
RELIEF AND OTHER REMEDIES. Employee acknowledges that Hancock Jaffe’s remedies at law for a breach or threatened breach
of any of the provisions of Section 9 above would be inadequate and in the event of such a breach or threatened breach,
in addition to any remedies at law, Hancock Jaffe, without posting any bond, shall be entitled to seek to obtain equitable relief
in the form of specific performance, a temporary restraining order, a temporary or permanent injunction or any other equitable
remedy that may then be available, without the necessity of showing actual monetary damages or the posting of a bond or other security.

 

11.       NO
ASSIGNMENTS. This Agreement is personal to each of the Parties. Except as provided in this Section 11, neither Party
may assign or delegate any rights or obligations hereunder without first obtaining the written consent of the other Party. Hancock
Jaffe may assign this Agreement to any of its Affiliates or to any successor to all or substantially all of the business and/or
assets of Hancock Jaffe, provided that Hancock Jaffe shall require such Affiliate or successor to expressly assume and agree
to perform this Agreement in the same manner and to the same extent that Hancock Jaffe would be required to perform it if no such
succession had taken place. As used in this Agreement, “Hancock Jaffe” shall mean Hancock Jaffe and any Affiliate or
successor to its business and/or assets that assumes and agrees to perform the duties and obligations of Hancock Jaffe under this
Agreement by operation of law or otherwise.

 

12.       NOTICE.
Any notice that either Party may be required or permitted to give to the other shall be in writing and may be delivered personally,
by electronic mail or via a postal service, postage prepaid, to such electronic mail or postal address and directed to such person
as Hancock Jaffe may notify Employee from time to time; and to Employee at his electronic mail or postal address as shown on the
records of Hancock Jaffe from time to time, or at such other electronic mail or postal address as Employee, by notice to Hancock
Jaffe, may designate in writing from time to time.

 

13.       SECTION
HEADINGS; INCONSISTENCY. The section headings used in this Agreement are included solely for convenience and shall not affect,
or be used in connection with, the interpretation of this Agreement. In the event of any inconsistency between the terms of this
Agreement and any form, award, plan or policy of Hancock Jaffe, the terms of this Agreement shall govern and control.

 

14.       SEVERABILITY.
Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any
applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision
of this Agreement or any action in any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such
jurisdiction.

 

    	 	 9	 

    	 

    

 

15.       COUNTERPARTS.
This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but all of which together
shall constitute one and the same instrument. This Agreement may be executed in several counterparts electronically, by fax, and
by signing and scanning and emailing.

 

16.       Applicable
Law; Choice of Venue and Consent to Jurisdiction; Service of Process.

 

(a)       All
questions concerning the construction, validity and interpretation of this Agreement and the performance of the obligations imposed
by this Agreement shall be governed by the internal laws of the State of California applicable to agreements made and wholly to
be performed in such state without regard to conflicts of law provisions of any jurisdiction.

 

(b)       For
purposes of resolving any dispute that arises directly or indirectly from the relationship of the Parties evidenced by this Agreement,
the Parties hereby submit to and consent to the exclusive jurisdiction of the State of California and further agree that any related
litigation shall be conducted solely in the courts of Orange County, California or the federal courts for the United States for
the Central District of California, where this Agreement is made and/or to be performed, and no other courts.

 

(c)       Each
Party may be served with process in any manner permitted under State of California law, or by United States registered or certified
mail, return receipt requested.

 

17.       MISCELLANEOUS.
No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed
to in writing and signed by Employee and such officer or director as may be designated by Hancock Jaffe. No waiver by either Party
at any time of any breach by the other Party of, or compliance with, any condition or provision of this Agreement to be performed
by such other Party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent
time. This Agreement together with all exhibits hereto sets forth the entire agreement of the Parties in respect of the subject
matter contained herein and supersedes any and all prior agreements or understandings between Employee and Hancock Jaffe or its
Affiliates with respect to the subject matter hereof, including the Prior Employment Agreement. No agreements or representations,
oral or otherwise, express or implied, with respect to the subject matter hereof, have been made by either Party that are not expressly
set forth in this Agreement.

 

18.       REPRESENTATIONS.
Employee represents and warrants to Hancock Jaffe that (a) Employee has the legal right to enter into this Agreement and to
perform all of the obligations on Employee’s part to be performed hereunder in accordance with its terms, and (b) Employee
is not a party to any agreement or understanding, written or oral, and is not subject to any restriction, which, in either case,
could prevent Employee from entering into this Agreement or performing all of Employee’s duties and obligations hereunder.

 

19.       TAX
MATTERS.

 

(a)       WITHHOLDING.
Any and all amounts payable under this Agreement or otherwise shall be subject to, and Hancock Jaffe may withhold from such
amounts, any federal, state, local or other taxes as may be required to be withheld pursuant to any applicable law or regulation.

 

    	 	 10	 

    	 

    

 

(b)       SECTION
409A COMPLIANCE.

 

(i)       The
intent of the Parties is that payments and benefits under this Agreement be exempt from (to the extent possible) Section 409A (“Section
409A”) of the Internal Revenue Code of 1986 and the regulations and guidance promulgated thereunder, as amended (collectively,
the “Code”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in
compliance therewith. To the extent that any provision hereof is modified in order to comply with Section 409A, such modification
shall be made in good faith and shall, to the maximum extent reasonably possible, maintain the original intent and economic benefit
to the Parties of the applicable provision without violating the provisions of Section 409A. In no event shall Hancock Jaffe be
liable for any additional tax, interest or penalty that may be imposed on Employee by Section 409A or damages for failing to comply
with Section 409A.

 

(ii)       A
termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the
payment of any amounts or benefits that constitute “nonqualified deferred compensation” under Section 409A upon or
following a termination of employment unless such termination is also a “separation from service” within the meaning
of Section 409A and, for purposes of any such provision of this Agreement, references to a “termination,” “termination
of employment” or like terms shall mean “separation from service.” Notwithstanding anything to the contrary in
this Agreement, if Employee is deemed on the date of termination to be a “specified employee” under Section 409A, then
with regard to any payment or the provision of any benefit that is considered “nonqualified deferred compensation”
under Section 409A payable on account of a “separation from service,” such payment or benefit shall not be made or
provided until the earlier of (A) the expiration of the six-month period measured from the date of such “separation from
service” of Employee, and (B) the date of Employee’s death, to the extent required under Section 409A. Upon the expiration
of the foregoing delay period, all payments and benefits delayed pursuant to this Section 19(b)(ii) (whether they would
have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed to Employee
in a lump sum on the first business day following the six-month period, and any remaining payments and benefits due under this
Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein.

 

(iii)       To
the extent that reimbursements or other in-kind benefits under this Agreement constitute “nonqualified deferred compensation”
for purposes of Section 409A, (A) all expenses or other reimbursements hereunder shall be made on or prior to the last day of the
taxable year following the taxable year in which such expenses were incurred by Employee, (B) any right to reimbursement or in-kind
benefits shall not be subject to liquidation or exchange for another benefit and (C) no such reimbursement, expenses eligible for
reimbursement or in-kind benefits provided in any taxable year shall in any way affect the expenses eligible for reimbursement,
or in-kind benefits to be provided, in any other taxable year.

 

(iv)       For
purposes of Section 409A, Employee’s right to receive any installment payments pursuant to this Agreement shall be treated
as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period
with reference to a number of days, the actual date of payment within the specified period shall be at the sole discretion of the
Board.

 

(v)       Notwithstanding
any other provision of this Agreement to the contrary, in no event shall any payment under this Agreement that constitutes “nonqualified
deferred compensation” for purposes of Section 409A be subject to offset by any other amount unless otherwise permitted by
Section 409A.

 

(c)       Modification
of Payments. In the event it shall be determined that any payment, right or distribution by Hancock Jaffe or any other
person or entity to or for the benefit of Employee pursuant to the terms of this Agreement or otherwise, in connection with, or
arising out of, Employee’s employment with Hancock Jaffe or a change in ownership or effective control of Hancock Jaffe or
a substantial portion of its assets (a “Payment”) is a “parachute payment” within the meaning of
Code Section 280G on account of the aggregate value of the Payments due to Employee being equal to or greater than three times
the “base amount,” as defined in Code Section 280G (the “Parachute Threshold”), so that Employee
would be subject to the excise tax imposed by Code Section 4999 (the “Excise Tax”) and the net after-tax benefit
that Employee would receive by reducing the Payments to the Parachute Threshold is greater than the net after-tax benefit Employee
would receive if the full amount of the Payments were paid to Employee, then the Payments payable to Employee shall be reduced
(but not below zero) so that the Payments due to Employee do not exceed the amount of the Parachute Threshold, reducing first any
Payments under Section 7 above.

 

    	 	 11	 

    	 

    

 

By
signing this Agreement Below, Employee acknowledges that Employee:

 

		(1)	has read and understood the entire Agreement;

 

		(2)	has had the opportunity to ask questions and consult
counsel or other advisors about its terms; and

 

		(3)	agrees to be bound by it.

 

In
witness whereof, Hancock Jaffe has caused this Agreement to be executed in its name and on its behalf, and Employee
acknowledges understanding and acceptance of, and agrees to, the terms of this Agreement, all as of the Effective Date.

 

	HANCOCK JAFFE LABORATORIES, INC.	 	STEVEN CANTOR
	 	 	 
	 	 	 
	William R. Abbott	 	 
	Chief Financial Officer	 	 

 

    	 	 12EXHIBIT 10.10

  

HANCOCK
JAFFE LABORATORIES, INC.

 

MEDICAL
ADVISORY BOARD AGREEMENT

 

THIS
MEDICAL ADVISORY BOARD AGREEMENT (the “Agreement”) is made as of this 1st day of May, 2016 by and between
Hancock Jaffe Laboratories Inc., a Delaware corporation (“HJL”), located at 70 Doppler, Irvine, California, 92618
and Steve Elias, M.D. having an address at 350 Engle Street, Englewood, New Jersey 07631.

 

WHEREAS,
the Medical Advisory Board (“MAB”) of HJL is intended to act as a distinguished panel of medical professionals,
organized to provide outstanding expertise and leadership in cardiac valve disease and disorders with especial focus on pediatric
valve replacement and;

 

WHEREAS,
HJL desires that the MAB provide HJL with certain services in support of HJL’s venous valve (the “Device”)
business, especially as it relates to chronic venous insufficiency;

 

WHEREAS,
the MAB member desires to provide such services in accordance with the terms set forth herein.

 

IT
IS HEREBY AGREED:

 

1.
Appointment and Term. HJL hereby appoints the MAB Member to render the advisory services described in Section 2 hereof
and the MAB Member hereby agrees to serve as a member of the MAB of HJL for a period of 12 months commencing on the date hereof.
Unless terminated by either party within sixty days of the first anniversary of the date hereof and every anniversary thereafter,
this agreement shall automatically extend for an additional twelve months. In the event that the MAB Member as an employee must
obtain written consent from the MAB Member’s employer to render services on behalf of the MAB, subject to the MAB Member’s
obtaining the prior written consent of the MAB Member’s Employer to this Agreement, the MAB Member represents and warrants
to HJL that he is permitted to enter into this Agreement and perform the obligations contemplated hereby and that this Agreement
and the terms and obligations hereof are not inconsistent with any other obligation he may have.

 

2.
Services. HJL and the MAB member mutually agree that all of the services contemplated or provided for herein are primarily
limited to preclinical issues and to matters related to the design of clinical trials and/or investigations. The Services of the
MAB member are to:

 

(a)       Comment
upon, identify and/or assist in the preparation of specific recommendations related to the use and/or technical guidelines for
the Device;

 

    	 	Page 1 of 6	 

    	 

    

 

(b)       Comment
upon, identify and/or assist in the preparation of specific recommendations related to the design of clinical trials and/or clinical
investigation;

 

(c)       When
appropriate and in accordance with regulatory guidelines discuss with regulatory agencies certain matters or issues related to
regulatory approval procedures.

 

(d)       
When appropriate and in accordance with regulatory guidelines discuss with physicians or other involved parties certain aspects
of the safety and efficacy of the Device.

 

The
MAB Member agrees to devote his best efforts to performing the Services. The MAB Member agrees to make himself available to render
the Services, at such time or times and location or locations as may be mutually agreed, from time to time as requested by HJL.
It is assumed that the time commitment and activity related to the above services will be reasonable and conducted mainly by telephone
or in private meetings between the MAB Member and HJL. Under certain conditions it is contemplated that the above Services may
necessitate travel, related accommodations and associated expenses; in such an event HJL will at its sole expense provide for
and make arrangements to accomplish such matters with the prior approval of the MAB member.

 

3.
Accuracy of Information. HJL shall furnish or caused to be furnished to the MAB Member such information as the MAB Member
believes appropriate to render the Services under section 2 herein.

 

4.
Publicity. HJL shall have the right to publicize the MAB Member’s affiliation with HJL subject to (a) the prior review
and approval of the MAB Member, which approval will not be unreasonably withheld or delayed, and (b) if the proposed publicity
references any relationship between the MAB Member and the MAB Member’s Employer, the prior written consent of the MAB Member’s
Employer.

 

5.
Fees. For the full, prompt and faithful performance of the Services, HJL shall pay the MAB Member a fee of $4,500 (four
thousand and five hundred dollars) per month payable within five business days of the 15th day of each month.

 

6.
Reimbursements. In addition to the fees payable pursuant to Section 5, HJL shall pay directly or reimburse the MAB Member
for Out-of-Pocket Expenses. For the purposes of this Agreement, the term “Out-of-Pocket Expenses” shall mean any and
all reasonable costs and expenses incurred by the MAB Member in connection with the services rendered hereunder, provided that
any and all such costs and expenses in excess of $500.00 (five hundred dollars) shall be pre-approved by HJL either in writing
or by oral agreement.

 

    	 	Page 2 of 6	 

    	 

    

 

7.
Indemnification. HJL shall indemnify and hold harmless the MAB Member from and against any and all liabilities and expenses
including amounts paid in satisfaction of judgments, in compromise or as fines and penalties, and counsel fees, whether joint
or several, related to, arising out of or in connection with the defense or disposition of any action, suit or other proceeding,
whether civil or criminal, in which the MAB Member may be involved or with which the MAB Member may be threatened, while performing
the Services or thereafter, by reason of the MAB Member being or having been a member of the MAB, except with respect to any matter
as to which the MAB Member shall not have acted in good faith in the reasonable belief that his action was in the best interests
of HJL. HJL will reimburse the MAB Member for all reasonable costs and expenses (including reasonable attorney’s fees and
expenses) as they are incurred in connection with investigating, preparing, pursuing, defending or assisting in the defense of
any action, claim, suit, investigation or proceeding for which the MAB Member would be entitled to indemnification under the terms
of the previous sentence, or any action arising therefrom, whether or not the MAB Member is a party thereto.

 

8.
Confidential Information. The MAB Member agrees that he will not at any time publish or disclose to others or use for his
own benefit or the benefit of others any Confidential Information (as hereafter defined), except to such extent as may be necessary
in the ordinary course of performing in good faith his particular duties as a member of the MAB and with the prior written consent
of HJL. The term “Confidential Information” shall mean research, development, engineering or manufacturing data, plans,
designs, formulae, processes, specifications, techniques, trade secrets, financial information, customer or supplier lists or
other information that belongs to HJL or any of its clients, customers, consultants, licensors, licensees, or affiliates and is
identified or treated as confidential by HJL or any of its clients, customers, consultants, licensors, licensees, or affiliates;
provided, however, that “Confidential Information” shall not include any of such information that is already in the
possession of the MAB Member from a source not under an obligation or duty of non-disclosure to HJL, any of such information that
is hereafter obtained by the MAB Member from a source other than HJL who is not under an obligation or duty of non-disclosure
to HJL, or any of such information that is in the public domain or is otherwise generally known to HJL’s competitors (in
either case other than because of a disclosure by the MAB Member in violation of this Section 8.)

 

9.
Termination. This Agreement may be terminated by either party upon 30 days prior written notice. Such termination shall
not relieve the MAB Member or HJL of any obligations hereunder which by their terms are intended to survive the termination of
the MAB Member’s association with HJL, including but not limited to the obligations of Sections 7, 8 and 9.

 

10.
Miscellaneous.

 

	 	(a)	Entire
    Agreement. This Agreement constitutes the entire agreement between the parties as to the subject matter hereof. No provision
    of this Agreement shall be waived, altered or canceled except in writing signed by the party against whom such waiver, alteration
    or cancellation is asserted. Any such waiver shall be limited to the particular instance and the particular time when and
    for which it is given.

 

    	 	Page 3 of 6	 

    	 

    

 

	 	(b)	Nature
    of Agreement. It is understood and agreed that neither this Agreement nor the Services to be rendered hereunder shall
    for any purpose whatsoever or in any way or manner create any employer-employee relationship between the MAB Member and HJL
    and that the MAB Member shall not be entitled to any fringe benefits generally provided to employees of HJL and HJL shall
    not be required to maintain workers’ compensation coverage for the MAB Member.
	 	 	 
	 	(c)	Successors
    and Assigns. Services to be rendered by the MAB Member are personal in nature. Neither this Agreement nor any of the rights,
    interests or obligations hereunder may be assigned by any of the parties hereto, in whole or in part (whether by operation
    of law or otherwise), without the prior written consent of the other parties, and any attempt to make any such assignment
    without such consent shall be null and void.
	 	 	 
	 	(d)	Severability.
    The invalidity or unenforceability of any provision hereof as to an obligation of a party shall in no way affect the validity
    or enforceability of any other provision of this Agreement, provided that if such invalidity or unenforceability materially
    adversely affects the benefits the other party reasonably expected to receive hereunder, that party shall have the right to
    terminate this Agreement. Moreover, if one or more of the provisions contained in this Agreement shall for any reason be held
    to be excessively broad as to scope, activity or subject so as to be unenforceable at law, such provision or provisions shall
    be construed by limiting or reducing it or them, so as to be enforceable to the extent compatible with the applicable law
    as it shall then appear. Notwithstanding, upon such determination that any term or other provision is invalid, illegal or
    incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the
    original intent of the parties as closely as possible in an acceptable manner in order that the transactions contemplated
    hereby are consummated as originally contemplated to the greatest extent possible.
	 	 	 
	 	(e)	Notices.
    All notices required or permitted hereunder shall be in writing and shall be deemed effectively given: (a) upon personal
    delivery to the party to be notified; (b) when sent by confirmed facsimile if sent during normal business hours of the recipient,
    if not, then on the next business day; (c) five calendar days after having been sent by registered or certified mail, return
    receipt requested, postage prepaid; or (d) one business day after deposit with a nationally recognized overnight courier,
    specifying next day delivery, with written verification of receipt. All communications are to be sent to the addresses set
    forth below:

 

    	 	Page 4 of 6	 

    	 

    

 

(i)
if to HJL:Hancock Jaffe Laboratories Aesthetics, Inc.

70
Doppler

Irvine,
California 92618

 

(ii)
if to MAB Member:

 

	 	 (f)	 Interpretation.
    When a reference is made in this Agreement to Sections, such reference shall be to a Section of this Agreement unless
    otherwise indicated. The titles and headings contained in this Agreement are for reference purposes only and shall not affect
    in any way the meaning or interpretation of this Agreement. Whenever the words “include,” “includes”
    or “including” are used in this Agreement, they shall be deemed to be followed by the words “without
    limitation. Any use of the masculine gender herein shall apply equally to the feminine.
	 	 	 
	 	(g)	Governing
    Law; Jurisdiction; Waiver of Jury Trial. THIS AGREEMENT SHALL BE GOVERNED BY, CONSTRUED AND ENFORCED BY THE LAWS OF THE
    STATE OF CALIFORNIA. No suit, action or proceeding with respect to this Agreement may be brought in any court or before any
    similar authority other than in a court of competent jurisdiction in the State of California, and the parties hereto submit
    to the exclusive jurisdiction of these courts for the purpose of such suit, proceeding or judgment. The parties hereto irrevocably
    waive any right which they may have to bring such an action in any other court, domestic or foreign, or before any similar
    domestic or foreign authority. EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL
    ACTION OR PROCEEDING IN RELATION TO THIS AGREEMENT AND FOR ANY COUNTERCLAIM THEREIN.
	 	 	 
	 	(h)	Counterparts.
    This Agreement may be executed in one or more counterparts (including by facsimile), all of which shall be considered
    one and the same agreement and shall become effective when one or more counterparts have been signed by each of the parties
    and delivered.

 

THIS
SPACE LEFT INTENTIONALLY BLANK

SIGNATURE
PAGE FOLLOWS

 

    	 	Page 5 of 6	 

    	 

    

 

IN
WITNESS WHEREOF, the parties hereto have duly executed this Agreement as a sealed instrument as of the day written herein
above.

 

	HANCOCK JAFFE LABORATORIES, INC.	 
	 	 	 
	By:
	 	 
	 	 	 
	Name:	 Norman Jaffe	 
	Its:	 President	 
	 	 	 
	MEDICAL ADVISORY BOARD MEMBER	 
	 	 	 
	By:	 	 
	 	 	 
	Name:	 Steve Elias, M.D.	 

 

    	 	Page 6 of 6

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