Document:

Exhibit 10.4

 

EMPLOYMENT AGREEMENT

 

THIS
EMPLOYMENT AGREEMENT (the “Agreement”) is made on January 1, 2016 (the “Effective Date”) by and between DERMAdoctor,
LLC, a Missouri limited liability company (the “Company”), with a principal business address at 1901 McGee, Kansas City,
Missouri, and the undersigned employee (the “Employee”), an individual with a residential address as set forth below
the Employee’ s signature block.

 

WHEREAS,
Company is a limited liability company organized for the purpose of developing, manufacturing and distributing skin care products
and related products and services (the “Services”);

 

WHEREAS,
Employee desires to be employed by Company in the capacity set forth in Schedule A attached hereto.

 

WHEREAS,
Company also desires to employ Employee provided Employee executes and delivers this Agreement containing such restrictive covenants
as shall be deemed necessary and appropriate by Company.

 

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

 

1.  Term
and Scope of Employment. The initial term (the “Initial Term”) of this Agreement shall commence on the Effective
Date and, subject to the further provisions of this Agreement, shall end on December 31, 2016 (the “Expiration Date”);
provided, however, this Agreement shall be automatically renewed for successive one (1) year periods (“Renewal Term”)
unless, at least ninety (90) days prior to the expiration of the Initial Term or any Renewal Term, either party gives written notice
to the other party specifically electing to terminate this Agreement at the end of the Initial Term or any such Renewal Term. Employee
acknowledges that she is an employee “at-will” and, as such, is free to resign at any time without reason. The Company,
likewise, retains the right to terminate Employee’s employment at any time with or without reason or notice. Nothing contained
in this Agreement or any oral statement made by any Company representatives or any other document provided to the Employee is intended
to be, nor should it be, construed as a guarantee that employment or any benefit will be continued for any period of time.

 

2.  Title;
Capacity. The Employee shall serve in the capacity set forth in Schedule A attached hereto, or in such other position as the
Company may determine from time to time. The Employee shall perform those duties and responsibilities more specifically outlined
on Schedule A, attached hereto and incorporated herein by reference. The Employee shall be based at the location set forth in Schedule
A attached hereto, but may be subject to relocation as reasonably determined by the Board of Managers of the Company (the “Board”).
In addition to the matters set forth in Schedule A, Employee shall be subject to the supervision of, and shall have such duties
and responsibilities as is delegated to her by the Board.

 

     

     

    

 

The
Employee hereby accepts such employment and agrees to undertake the duties and responsibilities inherent in such position and such
other duties and responsibilities as the Board shall from time to time reasonably assign to her. Employee agrees to devote her
entire business time, attention and energies to the business and interests of the Company during the Employment Period. Employee
further agrees to abide by the rules, regulations, instructions, personnel practices and policies of the Company and the Board
and any changes therein which may be adopted from time to time.

 

3. 
Compensation and Benefits.

 

(a)Salary.For
the one-year period commencing on the Effective Date, the Company shall pay Employee an annual base salary and incentive compensation
as set forth in Schedule B attached hereto. Such salary may be subject to adjustment thereafter as determined by the Managers.
The base compensation shall be payable at the times and in the manner consistent with the Company’s general policies regarding
compensation of its employees.

 

(b)  Fringe
Benefits. The Employee shall be entitled to participate in all bonus and benefit programs that the Company establishes and
makes available to its employees, if any, to the extent that Employee’s position, tenure, salary, age, health and other qualifications
make her eligible to participate, including, but not limited to, the programs indicated in Schedule B to this Agreement (the “Benefits”).

 

(c)  Reimbursement
of Expenses. The Company shall reimburse the Employee for all reasonable travel, entertainment and other expenses incurred
or paid by the Employee in connection with, or related to, the performance of her duties, responsibilities or services under this
Agreement, upon presentation by the Employee of documentation , expense statements, vouchers and/or such other supporting information
as the Company may request, provided, however, that the amount available for such travel, entertainment and other expenses may
be fixed in advance by the Board.

 

(d)  Vacation
and Holidays. The Company shall provide the Employee with paid vacation in accordance with the vacation policies of the Company
in effect for its executive officers from time to time. The Company shall also provide the Employee paid holidays and other paid
leave as set forth in the Company’ s policies.

 

4. 
Termination.

 

(a)  Events
of Termination. The Initial Term or the Renewal Term (as the case may be), the Employee’ s salary, the Incentive Compensation,
the Benefits, and any and all other rights of the Employee under this Agreement or otherwise as an employee of the Company shall
terminate (except as otherwise set forth in this Section 4 and Section 5):

 

(i)  Immediately
upon the expiration or termination of the Initial Term of employment or any Renewal Term (as the case may be), provided that either
of the parties hereto have given written notice to the other electing to terminate this Agreement in compliance with Section 1
hereof;

 

    	 	2	 

     

    

 

(ii) 
Immediately upon the death of the Employee;

 

(iii)  At
the election of the Company, upon the “disability” of the Employee (as such term is defined in Section 4(b) hereof),
immediately upon written notice from the Company to the Employee;

 

(iv)  At
the election of the Company, “for cause” (as such term is defined in Section 4(c) hereof), immediately upon written notice
from the Company to the Employee; or

 

(v)  At
the election of the Company ” without cause” upon five (5) days written notice from the Company to the Employee.

 

(b)  Definition
of “Disability”. For purposes of Section 4(a)(iii) of this Agreement, the term “disability” shall mean
the inability of the Employee, due to a physical or mental disability, for a period of 90 days, whether or not consecutive, during
any 360-day period to perform the services contemplated under this Agreement. The “disability” of the Employee will be
determined by a medical doctor selected by written consent of the Company and the Employee upon the request of either party by
notice to the other. If the Company and the Employee cannot agree on the selection of a medical doctor, each of them will select
a medical doctor and the two medical doctors will select a third medical doctor who will determine whether the Employee has a “disability”.
The determination of the medical doctor selected under this Section 4 will be binding on both parties. The Employee must submit
to a reasonable number of examinations, as necessary, by the medical doctor making the determination under this Section 4, and
the Employee hereby authorizes the disclosure and release to the Company of such determination and all supporting medical records.

 

(c)  Definition
of “For Cause”. For purposes of Section 4(a)(iv) of this Agreement, the term “for cause” shall mean any
of the following:

 

(i)  Dishonesty
of the Employee with respect to the Company;

 

(ii)
 Misappropriation of any of the Company’ s funds or property;

 

(iii)  Willful
misfeasance or nonfeasance of duty intended to injure or having the effect of injuring the reputation, business or business relationships
of the Company or its respective officers, directors or employees;

 

(iv)  Upon
a conviction or entering of a plea of guilty or a plea of no contest with respect to a felony or the equivalent thereof;

 

(v)  Willful
or prolonged absence from work by the Employee (other than by reason of disability due to physical or mental illness) or failure,
neglect or refusal by the Employee to perform her duties and responsibilities after ten (10) days written notice from the Company
to the Employee and after a ten (10) day cure period.

 

    	 	3	 

     

    

 

(vi)  A
material breach by the Employee of any of the terms or conditions contained in this Agreement after ten (l
0) days written notice from the Company to the Employee and after a ten (l
0) day cure period.

 

The
Company must provide written notice to the Employee setting forth with factual specificity the circumstances or actions of the
Employee which justify the termination of the Employee “for cause”.

 

5.  Effect
of Termination. Effective upon the termination of this Agreement m accordance with the provisions of Section 4 hereof, the
Employee shall be entitled to compensation as provided in this Section 5.

 

(a)  Termination
for Cause, Death or Disability. In the event that Employee is terminated under Sections 4(a)(ii) through 4(a)(iv) hereof, the
Company shall pay to the Employee the compensation and benefits otherwise payable to her under Section 3 through the date such
termination is effective. The Company shall have no additional obligation or liability to Employee except as set forth in this
Section 5(a).

 

(e)  Termination
Upon Expiration or without Cause. If the Employee is terminated upon expiration of the Initial Term or a Renewal Term pursuant
to Section 4(a)(i) or “without cause” pursuant to Section 4(a)(v) hereof, the Company’ s sole responsibility shall be
to pay to the Employee, in monthly installments, the Employee’s salary during a two (2) month period following the date of termination
(the “Severance Period”). Notwithstanding anything herein to the contrary, any and all payments due to the Employee shall
immediately cease at the end of the Severance Period, or in the event of breach by the Employee of the post-termination obligations
under Section 6 of this Agreement.

 

(f)  Benefits.
The Employee’ s accrual of, or participation in plans providing for, the Benefits will cease immediately upon the termination of
the Employee’s employment with the Company or the expiration of the Initial Term or any Renewal Term, except as may be required
by law, and the Employee will be entitled to accrued Benefits pursuant to such plans, but only as provided in such plans.

 

6. 
Non-Compete.

 

(a)  Survival.
The provisions of Sections 6 and 7 shall survive the termination or expiration of this Agreement for a period of two (2) years
from the date of such expiration or termination.

 

(b)  During
the Initial Term or any Renewal Term, and for a period of two (2) years (such two (2) year period hereinafter referred to as the
“Non-compete Period”) after the termination or expiration thereof, the Employee will not directly or indirectly, in the
territory comprised of the continental United States (the “Territory”):

 

(i)  as
an individual proprietor, partner, stockholder, officer, employee, director, joint venturer, investor , lender , or in any other
capacity whatsoever (other than as the holder of not more than one percent (1%) of the total outstanding stock of, a publicly held
company), engage in the business of developing, producing, marketing or selling products or services of the kind or type developed
or being developed, produced, marketed or sold by the Company while the Employee was employed by the Company; or

 

    	 	4	 

     

    

 

(ii)  recruit,
solicit or induce, or attempt to induce employee or employees of the Company to terminate their employment with, or otherwise cease
their relationship with, the Company; or

 

(iii)  solicit,
divert or take away, or attempt to divert or to take away, the business or patronage of any of the clients, customers or accounts,
or prospective clients, customers or accounts, of the Company which were contacted, solicited or served by the Employee while employed
by the Company.

 

(c)  If
any restriction set forth in this Section 6 is found by any court of competent jurisdiction to be unenforceable because it extends
for too long a period of time or over too great a range of activities or in too broad a geographic area, it shall be interpreted
to extend only over the maximum period of time, range of activities or geographic area as to which it may be enforceable.

 

(d)  The
restrictions contained in this Section 6 are necessary for the protection of the business and goodwill of the Company and
are considered by the Employee to be reasonable for such purpose. The Employee agrees that any breach of this Section 6 will
cause the Company substantial and irrevocable damage and therefore, in the event of any such breach, in addition to such
other remedies which may be available, the Company shall have the right to seek specific performance and injunctive
relief.

 

(e)  Notwithstanding
anything herein to the contrary, the restrictions in this Section 6 shall in no way prohibit Employee from engaging in the practice
of medicine in the event of termination of this Agreement, so long as Employee does not sell, provide or perform any Services in
violation of this Section 6.

 

7.
 Proprietary Information and Developments

 

(a)  Proprietary
Information.

 

(i)  Employee
agrees that all information and know-how, whether or not in writing, of a private, secret or confidential nature concerning the
Company’ s business or financial affairs (collectively, ” Proprietary Information”) is and shall be the exclusive property
of the Company. By way of illustration, but not limitation, Proprietary Information may include inventions, products, processes,
methods, techniques, formulas, compositions, compounds, projects, developments, plans, research data, clinical data, financial
data, personnel data, computer programs, and customer and supplier lists. Employee will not disclose any Proprietary Information
to others outside the Company or use the same for any unauthorized purposes without written approval by an officer of the Company,
either during or after her employment, unless and until such Proprietary Information has become public knowledge without fault
by the Employee.

 

    	 	5	 

     

    

 

(ii)  Employee
agrees that all files, letters, memoranda, reports, records, data, sketches, drawings, laboratory notebooks, program listings,
or other written, photographic, or other tangible material containing Proprietary Information, whether created by the Employee
or others, which shall come into her custody or possession, shall be and are the exclusive property of the Company to be used by
the Employee only in the performance of her duties for the Company.

 

(iii)  Employee
agrees that his obligation not to disclose or use information, know-how and records of the types set forth in paragraphs (a) and
(b) above, also extends to such types of information, know-how, records and tangible property of customers of the Company or suppliers
to the Company or other third parties who may have disclosed or entrusted the same to the Company or to the Employee in the course
of the Company’ s business.

 

(b)
 Developments.

 

(i)  Employee
will make full and prompt disclosure to the Company of all inventions, improvements, discoveries, methods, developments , software,
and works of authorship, whether patentable or not, which are created, made, conceived or reduced to practice by the Employee or
under her direction or jointly with others during her employment by the Company, whether or not during normal working hours or
on the premises of the Company (all of which are collectively referred to in this Agreement as “Developments”).

 

(ii)  Employee
agrees to assign and does hereby assign to the Company (or any person or entity designated by the Company) all her right, title
and interest in and to all Developments and all related patents, patent applications, copyrights and copyright applications. However,
this Section 7(b) shall not apply to Developments which do not relate to the present or planned business or research and development
of the Company and which are made and conceived by the Employee not during normal working hours, not on the Company’ s premises
and not using the Company’ s tools, devices, equipment or Proprietary Information.

 

(iii)  Employee
agrees to cooperate fully with the Company, both during and after her employment with the Company, with respect to the procurement,
maintenance and enforcement of copyrights and patents (both in the United States and foreign countries) relating to Developments.
Employee shall sign all papers, including, without limitation, copyright applications, patent applications, declarations, oaths,
formal assignments, assignment of proprietary rights, and powers of attorney, which the Company may deem necessary or desirable
in order to protect its rights and interests in any Development.

 

(c)  Other
Agreements. Employee hereby represents that she is not bound by the terms of any agreement with any previous employer or other
party to refrain from using or disclosing any trade secret or confidential or proprietary information in the course of her employment
with the Company or to refrain from competing, directly or indirectly, with the business of such previous employer or any other
party. Employee further represents that her performance of all the terms of this Agreement and as an employee of the Company does
not and will not breach any agreement to keep in confidence proprietary information, knowledge or data acquired by her in confidence
or in trust prior to her employment with the Company.

 

    	 	6	 

     

    

 

8.  Company’s
Right to Notify Subsequent Employers. The Company may do all permissible things, and take all permissible action, necessary
or advisable, in the Company’s discretion, to protect its rights under Sections 6 and 7, including without limitation notifying
any subsequent employer of Employee of the existence of (and furnishing to any such employer) the provisions of this Agreement.

 

9.  Liquidated
Damages. Insofar as any damages sustained by the Company in the case of a breach by the Employee of the provisions of this
Agreement are difficult to calculate, the parties hereto agree that if the Employee breaches or violates any provision of this
Agreement, the Company shall be entitled, in addition to any other rights and remedies available to it, to retain as liquidated
damages any sums owed but not paid by the Company to the Employee pursuant to this Agreement.

 

10.  Notices.
All notices required or permitted under this Agreement shall be in writing and shall be deemed effective upon personal delivery
or upon deposit in the United States Post Office, by registered or certified mail, postage prepaid, addressed to the other party
at the address shown above, or at such other address or addresses as either party shall designate to the other in accordance with
this Section 10.

 

11.  Pronouns.
Whenever the context may require, any pronouns used in this Agreement shall include the corresponding masculine, feminine or neuter
forms, and the singular forms of nouns and pronouns shall include the plural, and vice versa.

 

12.  Entire
Agreement. This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and understandings,
whether written or oral, relating to the subject matter of this Agreement.

 

13.  Amendment.
This Agreement may be amended or modified only by a written instrument executed by both the Company and the Employee.

 

14.  Governing
Law. This Agreement shall be construed, interpreted and enforced in accordance with the laws of the State of Missouri.

 

15.  Choice
of Venue. All actions or proceedings with respect to this Agreement shall be instituted only in any state court sitting in
Jackson County, Missouri, and by execution and delivery of this Agreement, the parties irrevocably and unconditionally subject
to the jurisdiction (both subject matter and personal) of each such court and irrevocably and unconditionally waive:

 

(a)
any objection that the parties might now or hereafter have to the venue of any of such court; and (b) any claim that any action
or proceeding brought in any such court has been brought in an inconvenient forum.

 

    	 	7	 

     

    

 

16.  Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of both parties and their respective successors
and assigns, including any entity with which or into which the Company may be merged or which may succeed to its assets or business,
provided, however, that the obligations of the Employee are personal and shall not be assigned by him.

 

17.  Waiver.
No delay or omission by the Company in exercising any right under this Agreement shall operate as a waiver of that or any other
right. A waiver or consent given by the Company on any one occasion shall be effective only in that instance and shall not be construed
as a bar or waiver of any right on any other occasion.

 

18.  Captions
and Headings. The captions of the sections of this Agreement are for convenience of reference only and in no way define, limit
or affect the scope or substance of any section of this Agreement.

 

19.  Severability.
In case any provision of this Agreement shall be invalid, illegal or otherwise unenforceable, the validity, legality and enforceability
of the remaining provisions shall in no way be affected or impaired thereby.

 

20.  Counterparts.
This Agreement may be executed in a number of counterparts and all of such counterparts executed by the Company or the Employee,
shall constitute one and the same agreement, and it shall not be necessary for all parties to execute the same counterpart hereof.

 

21.  Attorneys’
Fees. The prevailing party in any legal proceeding to enforce the terms and conditions of this Agreement shall be entitled
to receive its reasonable attorney’ s fees, expert witness fees, and out-of-pocket costs incurred in connection with such proceeding,
in addition to any other relief it may be granted.

 

22.  Facsimile
Signatures. The parties hereby agree that, for purposes of the execution of this Agreement, facsimile signatures shall constitute
original signatures.

 

23.  Incorporation
by Reference. The recitals and preambles to this Agreement, and all exhibits and schedules attached hereto, are hereby incorporated
by reference.

 

[END OF PAGE]

 

[SIGNATURE PAGE FOLLOWS]

 

    	 	8	 

     

    

 

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

 

	 	EMPLOYER:
	 	 
	 	DERMAdoctor, LLC
	 	a Missouri limited liability company
	 	 	 
	 	By:	/s/ Audrey Kunin
	 	Name:	Audrey Kunin
	 	Title:	President
	 	 	 
	 	EMPLOYEE:
	 	 	 
	 	 	/s/ Audrey Kunin
	 	 	Audrey Kunin

 

    	 	 	 

     

    

 

SCHEDULE A

TITLE AND SCHEDULE
OF DUTIES

 

1.
  Location. Kansas City, Missouri

 

2.
  Title. Employee shall serve as the Chief Executive Officer of the Company.

 

3.
  Schedule of Duties. Employee shall have the following duties:

 

a.
Creative - Oversee new product development including:

 

i.  idea
creation

ii.  product
formulation

iii.  product
testing

iv.  product
regulatory issues

v.  product
consumer messaging

 

b.
Marketing and Public Relations

 

i.  Oversee
outside public relations agency

ii.  Promote
brand to retailers and consumers

iii.  Meet
with media to promote brand 

		iv.	Personal appearances at retailers, media outlets (i.e. magazine publishers) and television, including
selling (i.e. HSN, QVC, etc.) and non-selling environments (i.e. Dr. Oz)

 v.  Legal compliance

 

c.
Executive

 

i.  Report
directly to board on

 

1.
business updates

2.
strategy

3.
sales

 

ii.  Visionary
leadership

 

    	 	 	 

     

    

 

SCHEDULE B

SCHEDULE OF COMPENSATION AND BENEFITS

 

		1.	Base Salary. Employee shall receive a base salary of $150,000 annually.

 

		2.	Bonus. Employee shall receive bonus compensation equal to two percent
(2%) of actual measurable sales that are the direct result of Employee’s personal media appearances on behalf of the Company (the
“Media Sales”). Bonus compensation shall be paid no later than thirty (30) days after the calculation of Media Sales
as determined by the Board.

 

		3.	Benefits. See attached Summary of Benefits.Exhibit 10.8

 

EMPLOYMENT
AGREEMENT

 

This
Employment Agreement (this “Agreement”), dated May 22, 2017, is by and between by and between DERMAdoctor, LLC, a
Missouri limited liability company (the “Company”), with a principal business address at 1901 McGee, Kansas
City, Missouri 64108, and the undersigned employee (the “Employee”), an individual with a residential address
as set forth below the Employee ’s signature block.

 

1.  EMPLOYMENT;
DUTIES

 

(a) The
Corporation hereby engages and employs Employee as Chief Financial Officer of the Corporation, and Employee hereby accepts such
engagement and employment as the Chief Financial Officer of the Corporation, for the term of this Agreement as long as Employee
desires to serve. It is expected that the employment duties will be reporting directly to the Chief Executive Officer of the Corporation
and Employee shall have such duties, authorities and responsibilities commensurate with the duties, authorities and responsibilities
of persons in similar capacities in similarly sized companies.

 

(b) Employee
shall devote at least sixty percent (60%) of her professional time under this Agreement attending to the business of the Corporation
at the Corporation’s office in Kansas City, Missouri. Employee may not engage, directly or indirectly, in any other business,
investment, or activity that interferes with Employee’s performance of Employee’s duties hereunder, is contrary to the interest
of the Corporation or any of its subsidiaries, or requires any significant portion of Employee’s business time.  The
foregoing notwithstanding, the parties recognize and agree that Employee may engage in personal investments, other business activities
and civic, charitable or religious activities which do not conflict with the business and affairs of the Corporation or interfere
with Employee’s performance of his duties hereunder.  Employee may not serve on the board of directors of any entity
other than the Corporation and one Mutual Fund Board during the Term (as hereinafter defined) without the written approval of
the Board of Directors with such approval not to be unreasonably withheld.  Employee shall be permitted to retain any
compensation received for approved service on any unaffiliated corporation’s board of directors.

 

(c) The
Corporation shall provide a computer and office for Employee.

 

2.  TERM

 

1.
The initial term (the “Initial Term”) of this Agreement shall commence on the Effective Date and, subject to
the further provisions of this Agreement, shall end on December 31, 2018 (the “Expiration Date”); provided,
however, this Agreement shall be automatically renewed for successive one (1) year periods (“Renewal Term”)
unless, at least ninety (90) days prior to the expiration of the Initial Term or any Renewal Term, either party gives written
notice to the other party specifically electing to terminate this Agreement at the end of the Initial Term or any such Renewal
Term. Employee acknowledges that she is an employee “at-will” and, as such, is free to resign at any time without
reason. The Company, likewise, retains the right to terminate Employee’s employment at any time with or without reason or
notice. Nothing contained in this Agreement or any oral statement made by any Company representatives or any other document provided
to the Employee is intended to be, nor should it be, construed as a guarantee that employment or any benefit will be continued
for any period of time.

 

    	 	1	 

     

    

 

3.  COMPENSATION

 

(a) As
compensation for the performance of her duties on behalf of the Corporation, Employee shall receive the following:

 

(i)  BASE SALARY. Employee shall receive an annual base salary of One Hundred Thirty Thousand ($130,000) for the Term (the “Base
Salary”), payable in biweekly installments.

 

(ii) BONUS.
Employee shall be eligible for an annual bonus equal to a percentage of her Base Salary, payable in cash or equity. Any bonus
that may be awarded will be in the sole and absolute discretion of both the Compensation Committee and the Board of Directors
of the Corporation; provided, that the Corporation shall endeavor to apply the same percentage of Base Salary for determining
Employee’s bonus as it applies for determining the Chief Executive Officer’s annual bonus. The amount of any such
bonus shall depend on the achievement by the Employee and/or the Corporation of certain objectives to be established by the Chief
Executive Officer in consultation with the Employee, along with such other factors the Board and Compensation Committee deems
relevant. Any such bonus for a given fiscal year shall be payable in one lump sum upon approval by the Board of Directors of the
Corporation or the Compensation Committee, which shall be obtained at the same time as the bonuses paid to other executive officers.
   

 

(b) The Corporation shall reimburse Employee
for all normal, usual and necessary expenses incurred by Employee, including all travel, lodging and entertainment, against receipt
by the Corporation, as the case may be, of appropriate vouchers or other proof of Employee’s expenditures and otherwise
in accordance with such expense reimbursement policy as may from time to time be adopted by the Corporation.

 

(c) Employee
shall be entitled to two (2) weeks paid vacation and sick leave in accordance with the Corporation’s policies. The Corporation
shall provide Employee and her family with healthcare coverage pursuant to the Corporation’s healthcare insurance policy
plan as well as any other benefits provided to the Corporation’s officers.

 

(d) In
addition to the foregoing payments, if the Corporation terminates Employee’s employment without Just Cause (as defined in
Section 8 below) or Employee terminates employment with the Corporation for Good Reason (as defined in Section 8 below) at any
time after the initial six months of the Term, the Corporation shall pay to the Employee as a severance benefit, an amount as
set forth in Section 8(g).

 

4.  REPRESENTATIONS
AND WARRANTIES BY EMPLOYEE

 

Employee
hereby represents and warrants to the Corporation as follows:

 

(a)
 Neither the execution and delivery of this Agreement nor the performance by Employee of her duties and other obligations hereunder
violates or will violate any statute, law, determination or award, or conflict with or constitute a default under (whether immediately,
upon the giving of notice or lapse of time or both) any prior employment agreement, contract, or other instrument to which Employee
is a party or by which she is bound.

 

(b)
 Employee has the full right, power and legal capacity to enter and deliver this Agreement and to perform her duties and other
obligations hereunder. This Agreement constitutes the legal, valid and binding obligation of Employee enforceable against her
in accordance with its terms. No approvals or consents of any persons or entities are required for Employee to execute and deliver
this Agreement or perform her duties and other obligations hereunder.

 

    	 	2	 

     

    

 

5.  CONFIDENTIAL
INFORMATION

 

(a) Employee
agrees that during the course of her employment or at any time thereafter, she will not disclose or make accessible to any other
person, the Corporation’s products, services and technology, both current and under development, promotion and marketing
programs, lists, trade secrets and other confidential and proprietary business information of the Corporation or any affiliates
or any of their clients. Employee agrees: (i) not to use any such information for herself or others, and (ii) not to take any
such material or reproductions thereof from the Corporation’s facilities at any time during her employment by the Corporation
other than to perform her duties hereunder. Employee agrees immediately to return all such material and reproductions thereof
in her possession to the Corporation upon request and in any event upon termination of employment.

 

(b)  Except within the scope of her duties as Chief Financial Officer or with the prior written authorization by the Corporation,
Employee agrees not to disclose or publish any of the confidential, technical or business information or material of the Corporation,
its clients or any other party to whom the Corporation owes an obligation of confidence, at any time during or after her employment
with the Corporation.

 

(c)
 In the event that Employee breaches any provisions of this Section 5 or there is a threatened breach, then, in addition to
any other rights which the Corporation may have, the Corporation shall be entitled, without the posting of a bond or other security,
to injunctive relief to enforce the restrictions contained herein. In the event that an actual proceeding is brought in equity
to enforce the provisions of this Section 5, Employee shall not urge as a defense that there is an adequate remedy at law, nor
shall the Corporation be prevented from seeking any other remedies which may be available. In addition, Employee agrees that in
the event that her breaches the covenants in this Section 5, in addition to any other rights that the Corporation may have, Employee
shall be required to pay to the Corporation any amounts she receives in connection with such breach. This Section 5 shall survive
the termination of this Agreement.

 

(d)
 Employee recognizes that in the course of her duties hereunder, she may receive from the Corporation or others information
which may be considered “material, non-public information” concerning a public company that is subject to the reporting
requirements of the United States Securities and Exchange Act of 1934, as amended. Employee agrees not to:

 

(i)
 Buy or sell any security, option, bond or warrant while in possession of relevant material, non-public information received
from the Corporation or others in connection herewith, and

 

(ii)
 Provide the Corporation with information with respect to any public company that may be considered material, non-public information,
unless first specifically agreed to in writing by the Corporation.

 

Notwithstanding
the foregoing, pursuant to 18 U.S.C. Section 1833(b), Employee shall not be held criminally or civilly liable under any Federal
or State trade secret law for the disclosure of a trade secret that: (1) is made in confidence to a Federal, State, or local government
official, either directly or indirectly, or to an attorney, and solely for the purpose of reporting or investigating a suspected
violation of law; or (2) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made
under seal.

 

    	 	3	 

     

    

 

Notwithstanding
the above, or any other provision in this Agreement, Employee may report possible violations of federal law or regulation to any
governmental agency or entity, including but not limited to the Department of Justice, the Securities and Exchange Commission,
the Congress, and any agency Inspector General, or make other disclosures that are protected under the whistleblower provisions
of federal law or regulation. Employee may also provide confidential information in connection with an administrative or regulatory
proceeding commenced by a Wells Notice or non-party proceeding and to respond to subpoenas issued in connection therewith. Employee
understands that she does not need the prior authorization of the Corporation to make any such reports or disclosures and Employee
is not required to notify the Corporation that Employee has made such reports or disclosures. In addition, notwithstanding the
above, or any other provision in this Agreement pursuant to 18 U.S.C. Section 1833(b), Employee shall not be held criminally or
civilly liable under any Federal or State trade secret law for the disclosure of a trade secret that: (1) is made in confidence
to a Federal, State, or local government official, either directly or indirectly, or to an attorney, and solely for the purpose
of reporting or investigating a suspected violation of law; or (2) is made in a complaint or other document filed in a lawsuit
or other proceeding, if such filing is made under seal.

 

6.  INVENTIONS
DISCOVERED BY EMPLOYEE

 

Employee
shall promptly disclose to the Corporation any invention, improvement, discovery, process, formula, or method or other intellectual
property, whether or not patentable or copyrightable (collectively, “Inventions”), conceived or first reduced to practice
by Employee, either alone or jointly with others, while performing services hereunder (or, if based on any Confidential Information,
within one (1) year after the Term), (a) which pertain to any line of business activity of the Corporation, whether then conducted
or then being actively planned by the Corporation, with which Employee was or is involved, (b) which is developed using time,
material or facilities of the Corporation, whether or not during working hours or on the Corporation premises, or (c) which directly
relates to any of Employee’s work during the Term, whether or not during normal working hours. Employee hereby assigns and
agrees to assign to the Corporation all of Employee’s right, title and interest in and to any such Inventions. Employee
agrees to cooperate fully with the Company, both during and after her employment with the Company, with respect to the procurement,
maintenance and enforcement of copyrights and patents (both in the United States and foreign countries) relating to Inventions.
During and after the Term, Employee shall execute any documents necessary to perfect the assignment of such Inventions to the
Corporation and to enable the Corporation to apply for, obtain and enforce patents, trademarks and copyrights in any and all countries
on such Inventions, including, without limitation, the execution of any instruments and the giving of evidence and testimony,
without further compensation beyond Employee’s agreed compensation during the course of Employee’s employment (i.e.
Employee will be compensated at the equivalent hourly rate in place at the time of termination and all related out of pocket expenses
will be reimbursed in accordance with the Corporation’s policies and procedures). Without limiting the foregoing, Employee
further acknowledges that all original works of authorship by Employee, whether created alone or jointly with others, related
to Employee’s employment with the Corporation and which are protectable by copyright, are “works made for hire”
within the meaning of the United States Copyright Act, 17 U. S. C. (S) 101, as amended, and the copyright of which shall be owned
solely, completely and exclusively by the Corporation. If any Invention is considered to be work not included in the categories
of work covered by the United States Copyright Act, 17 U. S. C. (S) 101, as amended, such work is hereby assigned or transferred
completely and exclusively to the Corporation. Employee hereby irrevocably designates counsel to the Corporation as Employee’s
agent and attorney-in-fact to do all lawful acts necessary to apply for and obtain patents and copyrights and to enforce the Corporation’s
rights under this Section. This Section 6 shall survive the termination of this Agreement. Any assignment of copyright hereunder
includes all rights of paternity, integrity, disclosure and withdrawal and any other rights that may be known as or referred to
as “moral rights” (collectively “Moral Rights”). To the extent such Moral Rights cannot be assigned under
applicable law and to the extent the following is allowed by the laws in the various countries where Moral Rights exist, Employee
hereby waives such Moral Rights and consents to any action of the Corporation that would violate such Moral Rights in the absence
of such consent. Employee agrees to confirm any such waivers and consents from time to time as requested by the Corporation.

 

    	 	4	 

     

    

 

7. NON-COMPETE;
NON-SOLICITATION

 

(a) NON-COMPETE.  For
a period commencing on the date hereof and ending one (1) year after the date Employee ceases to be employed by the Corporation
(the “Non-Competition Period”), Employee shall not, directly or indirectly, either for herself or any other person,
own, manage, control, materially participate in, invest in, permit her name to be used by, act as consultant or advisor to, render
material services for (alone or in association with any person, firm, corporation or other business organization) or otherwise
assist in any manner any business which develops, markets or sells products that are directly competitive with the products being
sold by the Corporation at the time of termination (collectively, a “Competitor”).  Nothing herein shall
prohibit Employee from being a passive owner of not more than five percent (5%) of the equity securities of a Competitor which
is publicly traded, so long as she has no active participation in the business of such Competitor.

 

(b) NON-SOLICITATION.  During
the Non-Competition Period, Employee shall not, directly or indirectly, (i) induce or attempt to induce or aid others in inducing
anyone working at or for the Corporation to cease working at or for the Corporation, or in any way interfere with the relationship
between the Corporation and anyone working at or for the Corporation except in the proper exercise of Employee’s authority
or (ii) in any way interfere with the relationship between the Corporation and any customer, supplier, licensee or other business
relation of the Corporation.

 

(c)
SCOPE. If, at the time of enforcement of this Section 7, a court shall hold that the duration, scope, area or other
restrictions stated herein are unreasonable under circumstances then existing, the parties agree that the maximum duration,
scope, area or other restrictions reasonable under such circumstances shall be substituted for the stated duration, scope,
area or other restrictions.

 

(d) INDEPENDENT
AGREEMENT. The covenants made in this Section 7 shall survive the termination of this Agreement.

 

8. TERMINATION

 

Employee’s
employment hereunder shall continue as set forth in Section 2 hereof unless terminated upon the first to occur of the following
events:

 

(a) Employee’s
death.

 

(b) Employee’s
“Disability”, meaning Employee’s incapacity, due to physical or mental illness, which results in Employee having
been absent from fully performing her duties with the Corporation for a continuous period of more than thirty (30) days or more
than sixty (60) days in any period of three hundred sixty-five (365) consecutive days, subject to applicable law. In the event
that the Corporation intends to terminate the employment of Employee by reason of Disability, the Corporation shall give Employee
no less than thirty (30) days’ prior written notice of the Corporation’s intention to terminate Employee’s employment.  The
Employee agrees, in the event of any dispute hereunder as to whether a Disability exists, and if requested by the Corporation,
to submit to a physical examination in the state of the Corporation’s Employee offices by a licensed physician selected
by mutual agreement between the Corporation and the Employee, the cost of such examination to be paid by the Corporation. The
written medical opinion of such physician shall be conclusive and binding upon each of the parties hereto as to whether a Disability
exists and the date when such Disability arose. If Employee refuses to submit to appropriate examinations by such physician at
the request of the Corporation, the determination of the Employee’s Disability by the Corporation in good faith will be
conclusive as to whether such Disability exists. This Agreement shall be interpreted and applied so as to comply with the provisions
of the Americans with Disabilities Act (to the extent that it is applicable) and any other applicable laws regarding disability.

 

    	 	5	 

     

    

 

(c) “Just
Cause”, meaning the Employee’s:

 

(i) acts
of embezzlement or misappropriation of funds, or fraud;

 

(ii) conviction
of a felony or other crime involving moral turpitude, dishonesty or theft;

 

(iii) willful
unauthorized disclosure of confidential information belonging to the Corporation or entrusted to the Corporation by a client;

 

(iv)
 material violation of any provision of the Agreement, which is not cured by Employee within thirty (30) days of receiving
written notice of such violation by the Corporation;

 

(v)
 being under the influence of drugs (other than prescription medicine or other medically-related drugs to the extent that they
are taken in accordance with their directions) during the performance of Employee’s duties under this Agreement;

 

(vi)
 engaging in conduct that violates the Corporation’s non- discrimination/harassment policy and warrants termination;
or

 

(vii) willful failure to perform her written assigned tasks, where such failure is attributable
to the fault of Employee, gross insubordination, or dereliction of fiduciary obligations which are not cured by Employee within
thirty (30) days of receiving written notice of such violation by the Corporation.

 

In
the event that the Corporation intends to terminate the employment of Employee by reason of Just Cause, the Corporation shall
give Employee written notice of the Corporation’s intention to terminate Employee’s employment, and such termination
may be effective immediately, unless a cure period applies, in which case the termination date may not precede the expiration
date of the applicable cure period.

 

(d) “Without
Just Cause”, meaning written notice by the Corporation to Employee of a termination without Just Cause and other than due
to death or Disability.

 

(e) “Good
Reason”, meaning a material breach by the Corporation of the terms of this Agreement, which breach is not cured within thirty
(30) days after notice thereof from Employee. In the event that Employee intends to terminate her employment for Good Reason,
Employee shall give the Corporation written notice of her intention to terminate her employment, and such termination may be effective
immediately, unless a cure period applies, in which case the termination date may not precede the expiration date of the applicable
cure period.

 

(f)
 “Without Good Reason”, meaning written notice by Employee to the Corporation of a termination without Good Reason.

 

(g) If
Employee’s employment hereunder is terminated for any reason under this Section 8, Employee or her estate, as the case may
be, will only be entitled to receive the accrued Base Salary, vacation pay, expense reimbursement, to the extent not previously
paid (the sum of the amounts described in this subsection shall be hereinafter referred to as the “Accrued Obligations”);
provided, however, that if Employee’s employment is terminated by the Corporation Without Just Cause or by the Employee
for Good Reason, then in addition to paying Accrued Obligations, the Corporation shall pay to the Employee as a severance benefit,
an amount equal to three months’ Base Salary provided that Employee first executes and does not revoke a release and settlement
agreement in form acceptable to the Corporation releasing the Corporation from all claims arising for her employment. The severance
shall be paid to the Employee in substantially equal monthly payments on the same payroll schedule that was applicable to Employee
immediately prior to his separation from service commencing on the first such payroll date on or following the date the required
release of claims becomes effective.

 

    	 	6	 

     

    

 

(h) The Company may do all permissible things, and take all permissible action, necessary
or advisable, in the Company’s discretion, to protect its rights under Sections 5, 6 and 7, including without limitation notifying
any subsequent employer of Employee of the existence of (and furnishing to any such employer) the provisions of this Agreement.

 

9. NO
DISPARAGEMENT

 

Employee
agrees that during the course of her employment or at any time thereafter, she shall refrain and cause her agents, family and/or
representatives to refrain from (i) all conduct, verbal or otherwise, which would materially damage the reputation, goodwill or
standing in the community of the Corporation, its affiliates, subsidiaries, divisions, agents and related parties and their respective
principals, owners (direct or indirect), members, directors, officers, agents, servants, employees, successors and assigns (collectively,
the “the Corporation Related Parties”) and (ii) referring to or in any way commenting on the Corporation and/or any
of the other the Corporation Related Parties in or through the general media or any public domain (including without limitation,
internet websites, blogs, chat rooms and the like), which would materially damage, the reputation, goodwill or standing in the
community of the Corporation and/or any of the Corporation Related Parties. The Corporation agrees that during the course of Employee’s
employment or at any time thereafter, it shall refrain from (i) all conduct, verbal or otherwise, which would materially damage
the reputation, goodwill or standing in the community of the Employee and (ii) referring to or in any way commenting on the Employee
in or through the general media or any public domain (including without limitation, internet websites, blogs, chat rooms and the
like), which would materially damage, the reputation, goodwill or standing in the community of the Employee.

 

10.  NOTICES

 

Any
notice or other communication under this Agreement shall be in person or in writing and shall be deemed to have been given: (i)
when delivered personally against receipt therefor, (ii) one (1) day after being sent by Federal Express or similar overnight
delivery, (iii) three (3) days after being mailed registered or certified mail, postage prepaid, return receipt requested, to
either party at the address set forth above, or to such other address as such party shall give by notice hereunder to the other
party, or (iv) when sent by electronic mail, facsimile, followed by oral confirmation and with a hard copy sent as in (ii) or
(iii) above.

 

11.  SEVERABILITY
OF PROVISIONS

 

If
any provision of this Agreement shall be declared by a court of competent jurisdiction to be invalid, illegal or incapable of
being enforced in whole or in part, such provision shall be interpreted so as to remain enforceable to the maximum extent permissible
consistent with applicable law and the remaining conditions and provisions or portions thereof shall nevertheless remain in full
force and effect and enforceable to the extent they are valid, legal and enforceable, and no provision shall be deemed dependent
upon any other covenant or provision unless so expressed herein.

 

12.  ENTIRE
AGREEMENT MODIFICATION

 

This
Agreement contains the entire agreement of the parties relating to the subject matter hereof, and the parties hereto have made
no agreements, representations or warranties relating to the subject matter of this Agreement which are not set forth herein.
No modification of this Agreement shall be valid unless made in writing and signed by the parties hereto.

 

    	 	7	 

     

    

 

13.  BINDING
EFFECT

 

The
rights, benefits, duties and obligations under this Agreement shall inure to, and be binding upon, the Corporation, its successors
and assigns, and upon Employee and her legal representatives. This Agreement constitutes a personal service agreement, and the
performance of Employee’s obligations hereunder may not be transferred or assigned by Employee. This Agreement cannot be
assigned by Employer without the written consent of Employee.

 

14.  NON-WAIVER

 

The
failure of either party to insist upon the strict performance of any of the terms, conditions and provisions of this Agreement
shall not be construed as a waiver or relinquishment of future compliance therewith, and said terms, conditions and provisions
shall remain in full force and effect. No waiver of any term or condition of this Agreement on the part of either party shall
be effective for any purpose whatsoever unless such waiver is in writing and signed by such party.

 

15. RIGHT
TO INJUNCTION.

 

The
Employee recognizes that the services to be rendered by her hereunder are of a special, unique, unusual, extraordinary and intellectual
character involving skill of the highest order and giving them peculiar value, the loss of which cannot be adequately compensated
for in damages. In the event of a breach of this Agreement by Employee, subject to Section 16 below the Corporation shall be entitled
to injunctive relief or any other legal or equitable remedies. Employee agrees that the Corporation may recover by appropriate
action the amount of the actual damage caused the Corporation by any failure, refusal or neglect of Employee to perform her agreements,
representations and warranties herein contained. The remedies provided in this Agreement shall be deemed cumulative and the exercise
of one shall not preclude the exercise of any other remedy at law or in equity for the same event or any other event.

 

16.  GOVERNING
LAW, DISPUTE RESOLUTION

 

This
Agreement shall be governed by, and construed and interpreted in accordance with, the laws of the State of Missouri of the United
States of America without regard to principles of conflict of laws. To ensure the rapid and economical resolution of disputes
that may arise in connection with the Employee’s employment with the Corporation, the Employee and the Corporation both
agree that any and all disputes, claims, or causes of action, in law or equity, including but not limited to statutory claims,
arising from or relating to the enforcement, breach, performance, or interpretation of this Agreement, the Employee’s employment
with the Company, or the termination of the Employee’s employment from the Corporation will be resolved pursuant to the
Federal Arbitration Act, 9 U.S.C. §1-16, and to the fullest extent permitted by law, by final, binding and confidential arbitration
conducted in Delaware by JAMS, Inc. (“JAMS”) or its successors. Both the Employee and the Corporation
acknowledge that by agreeing to this arbitration procedure, each waives the right to resolve any such dispute through a trial
by jury or judge or administrative proceeding. Any such arbitration proceeding will be governed by JAMS’ then applicable
rules and procedures for employment disputes, which can be found at http://www.jamsadr.com/rules-clauses/,
and which will be provided to the Employee upon request. In any such proceeding, the arbitrator shall: (i) have the authority
to compel adequate discovery for the resolution of the dispute and to award such relief as would otherwise be permitted by law;
and (ii) issue a written arbitration decision including the arbitrator’s essential findings and conclusions and a statement
of the award. The Employee and the Corporation each shall be entitled to all rights and remedies that either would be entitled
to pursue in a court of law; provided, however, that in no event shall the arbitrator be empowered to hear or determine
any class or collective claim of any type. Nothing in this Agreement is intended to prevent either the Corporation or the Employee
from obtaining injunctive relief in court to prevent irreparable harm pending the conclusion of any such arbitration pursuant
to applicable law. Notwithstanding the foregoing, nothing in this Section 16 shall prevent the Corporation from seeking and obtaining
a judicial junction in a court of competent jurisdiction to enforce a violation of Section 6,7 or 8 or 9 of this Agreement. Employee
hereby agrees to waive a jury and filing of a bond for any such action by the Corporation.

 

    	 	8	 

     

    

 

The
state or federal courts in the State of Missouri, County of Jackson, shall be the exclusive jurisdiction for any disputes arising
under this Agreement and the parties hereby consent to such jurisdiction. The prevailing party in any legal proceeding to enforce
the terms and conditions of this Agreement shall be entitled to receive its reasonable attorney’s fees, expert witness fees, and
out-of-pocket costs incurred in connection with such proceeding, in addition to any other relief it may be granted.

 

17.  HEADINGS

 

The
headings of paragraphs are inserted for convenience and shall not affect any interpretation of this Agreement.

 

18. FACSIMILE SIGNATURES

 

The
parties hereby agree that, for purposes of the execution of this Agreement, facsimile signatures shall constitute original signatures.

 

[Signature
page follows]

 

    	 	9	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.

 

Corporation:

 

DERMADOCTOR,
LLC

 

	By:	/s/ Jeff Kunin, COO	 
	Title:	Authorized agent	 
	 	 	 
	Employee: 	 
	 	 	 
	/s/ Andrea Bielsker	 
	Name:	Andrea Bielsker	 

 

 

10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00282-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00282-of-00352.parquet"}]]