Document:

Exhibit 10.1

 

VICE PRESIDENT EMPLOYMENT AGREEMENT

For

Nachiappan Chidambaram

 

This Employment Agreement
(the “Agreement”), made between Lipocine Inc. (the “Company”) and Nachiappan Chidambaram
(“Vice President”) (each a “Party” and collectively, the “Parties”), is
effective as of November 5, 2018.

 

WHEREAS, the Company
desires for Vice President to provide services to the Company;

 

WHEREAS, Vice President
is willing to perform services for the Company on the terms and conditions set forth in this Agreement;

 

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

 

1.           Employment
by the Company.

 

1.1.         Position.
Vice President shall serve as the Company’s Vice President, Product Development. During the term of Vice President’s
employment with the Company, Vice President will devote substantially all of Vice President’s business time and attention
to the business of the Company, except for approved vacation periods and reasonable periods of illness or other incapacities permitted
by the Company’s general employment policies.

 

1.2.         Duties
and Location.

 

(i)          Vice
President shall perform such duties as are required by the Company’s Chief Executive Officer, to whom Vice President will
report. Vice President’s primary office location shall be the Company’s offices located in Salt Lake City, Utah. The
Company reserves the right to reasonably require Vice President to perform Vice President’s duties at places other than Vice
President’s primary office location from time to time.

 

1.3.          Policies
and Procedures. The employment relationship between the Parties shall be governed by the general employment policies and practices
of the Company, except that when the terms of this Agreement differ from or are in conflict with the Company’s general employment
policies or practices, this Agreement shall control.

 

    	 	 	 

     

    

  

2.           Compensation.

 

2.1.         Salary.

 

(i)          For
services to be rendered hereunder, Vice President shall initially receive a base salary at the rate of Two Hundred Thirty Four
Thousand Dollars ($234,000) per year (the “Base Salary”), subject to standard payroll deductions and withholdings
payable in accordance with the Company’s regular payroll schedule.

 

2.2.         Bonus.
Vice President will be eligible for an annual discretionary bonus (“Annual Bonus”) of up to Twenty-Two percent
(22%) of Vice President’s applicable Base Salary or such higher amount as may be determined by the Company’s Board
of Directors (“Board”) (or compensation committee thereof) from time to time. Whether Vice President receives
an annual bonus, and the amount of any such annual bonus, will be determined by the Board in its sole discretion based upon the
Company’s and Vice President’s achievement of objectives and milestones to be determined on an annual basis by the
Board. Bonuses are generally paid by March 15 following the applicable bonus year, and Vice President must be an active employee
on the date any Annual Bonus is paid in order to earn any such Annual Bonus. Vice President will not be eligible for, and will
not earn, any Annual Bonus (including a prorated bonus) if Vice President employment terminates for any reason before the date
Annual Bonuses are paid.

 

2.3.         Standard
Company Benefits. Vice President shall be entitled to participate in all employee benefit programs for which Vice President
is eligible under the terms and conditions of the benefit plans that may be in effect from time to time and provided by the Company
to its employees. The Company reserves the right to cancel or change the benefit plans or programs it offers to its employees at
any time.

 

2.4.         Expenses.
The Company will reimburse Vice President for reasonable business travel, entertainment or other expenses, including cellular phone,
incurred by Vice President in furtherance or in connection with the performance of Vice President’s duties hereunder, in
accordance with the Company’s expense reimbursement policy as in effect from time to time.

 

3.           Termination
of Employment; Severance.

 

3.1.         At-Will
Employment. Vice President’s employment relationship is at-will. Either Vice President or the Company may terminate the
employment relationship at any time, with or without Cause or advance notice. Upon termination for any reason, Vice President shall
receive (i) all unpaid salary and unpaid vacation accrued through the separation date; (ii) any payments/benefits to
which the Vice President is entitled under the express terms of any applicable Company employee benefit plan; and (iii) any
unreimbursed valid business expenses for which the Vice President has submitted properly documented reimbursement requests. Vice
President’s right to payment under any then outstanding equity awards shall be governed by their applicable terms.

 

3.2.         Termination
Without Cause; Resignation for Good Reason.

 

(i)          The
Company may terminate Vice President’s employment with the Company at any time without Cause (as defined below). Further,
Vice President may resign at any time for Good Reason (as defined below).

 

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(ii)         In
the event Vice President’s employment with the Company is terminated by the Company without Cause, or Vice President resigns
for Good Reason, then provided such termination constitutes a “separation from service” (as defined under Treasury
Regulation Section 1.409A-1(h), without regard to any alternative definition thereunder, a “Separation from Service”),
and provided that Vice President remains in compliance with the terms of this Agreement and the Company’s policies applicable
to Vice President and satisfies the requirements set forth in Section 4, then Vice President shall receive the following severance
benefits:

 

(a)          Severance
(the “Severance”) in an amount equal to twenty-six weeks of Base Salary as in effect immediately prior to the
separation date. The Severance shall be subject to standard payroll deductions and withholdings, and will be payable in a lump-sum
on the 60th day following Vice President’s Separation from Service.

 

(b)          Six
months accelerated vesting of all of Vice President’s equity interests in the Company.

 

(iii)        If
Vice President’s termination without Cause or resignation for Good Reason occurs as a result of or immediately prior to the
closing of a Change-in-Control (and provided such termination or resignation constitutes a Separation from Service), and provided
that Vice President remains in compliance with the terms of this Agreement and the Company’s policies applicable to Vice
President and satisfies the requirements set forth in Section 4, then in lieu of the benefits set forth in Section 3.2(ii)(a)
and (b), Vice President shall receive the following severance benefits:

 

(a)          Severance
in an amount equal to the sum of the following (shall be subject to standard payroll deductions and withholdings, and payable in
a lump-sum on the 60th day following Vice President’s Separation from Service):

 

(1)         Fifty-two
weeks of Base Salary as in effect immediately prior to the separation date; and

 

(2)         Target
bonus equal to the product of (A) Vice President’s Base Salary as in effect immediately prior to the separation date,
multiplied by (B) Vice President’s annual bonus percentage target as in effect immediately prior to the separation date.

 

(b)          The
vesting of all of Vice President’s equity interests in the Company shall be accelerated such that all equity interests shall
be deemed vested and exercisable as of Vice President’s last day of employment.

 

3.3.         Termination
for Cause; Resignation Without Good Reason; Death or Disability.

 

(i)          The
Company may terminate Vice President’s employment with the Company at any time for Cause. Further, Vice President may resign
at any time without Good Reason. Vice President’s employment with the Company may also be terminated due to Vice President’s
death or disability.

 

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(ii)         If
Vice President resigns without Good Reason, or the Company terminates Vice President’s employment for Cause, or upon Vice
President’s death or disability, then (a) Vice President will no longer vest in any equity interests that are subject
to vesting, (b) all payments of compensation by the Company to Vice President under this Agreement will terminate immediately
(except as to amounts already earned), and (c) Vice President will not be entitled to any severance benefits hereunder, including
the Severance.

 

4.           Conditions
to Receipt of the Severance Benefits. Vice President’s receipt of the severance benefits set forth in Sections 3.2(ii)
and (iii) will be subject to Vice President signing and not revoking a separation agreement and release of claims in a form reasonably
satisfactory to the Company (the “Separation Agreement”). No severance benefits will be paid or provided until
the Separation Agreement becomes effective.

 

5.           Section 409A.
It is intended that all of the severance benefits and other payments payable under this Agreement satisfy, to the greatest extent
possible, the exemptions from the application of Code Section 409A provided under Treasury Regulations 1.409A 1(b)(4), 1.409A
1(b)(5) and 1.409A 1(b)(9), and this Agreement will be construed to the greatest extent possible as consistent with those provisions,
and to the extent no so exempt, this Agreement (and any definitions hereunder) will be construed in a manner that complies with
Section 409A. For purposes of Code Section 409A (including, without limitation, for purposes of Treasury Regulation Section 1.409A
2(b)(2)(iii)), Vice President’s right to receive any installment payments under this Agreement (whether severance payments,
reimbursements or otherwise) shall be treated as a right to receive a series of separate payments and, accordingly, each installment
payment hereunder shall at all times be considered a separate and distinct payment. Notwithstanding any provision to the contrary
in this Agreement, if Vice President is deemed by the Company at the time of Vice President’s Separation from Service to
be a “specified employee” for purposes of Code Section 409A(a)(2)(B)(i), and if any of the payments upon Separation
from Service set forth herein and/or under any other agreement with the Company are deemed to be “deferred compensation”,
then to the extent delayed commencement of any portion of such payments is required in order to avoid a prohibited distribution
under Code Section 409A(a)(2)(B)(i) and the related adverse taxation under Section 409A, such payments shall not be provided
to Vice President prior to the earliest of (i) the expiration of the six-month period measured from the date of Vice President’s
Separation from Service with the Company, (ii) the date of Vice President’s death or (iii) such earlier date as
permitted under Section 409A without the imposition of adverse taxation. Upon the first business day following the expiration
of such applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Paragraph shall be paid in
a lump sum to Vice President, and any remaining payments due shall be paid as otherwise provided herein or in the applicable agreement.
No interest shall be due on any amounts so deferred.

 

6.           Definitions.

 

(i)          Cause.
For purposes of this Agreement, “Cause” for termination means (a) conviction of, or the entry of a plea of guilty
or no contest to, a felony or any crime that may materially adversely affect the business, standing or reputation of the Company;
(b) dishonesty, fraud, embezzlement or other misappropriation of funds; (c) material breach of this Agreement that remains uncured
30 days after written notice of breach; (d) willful refusal to perform the lawful, good faith and reasonable directives of the
Company’s Chief Executive Officer; or (e) termination of Vice President’s employment pursuant to Sections 10.2 and
10.3 of this Agreement.

 

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(ii)         Good
Reason. For purposes of this Agreement, Vice President shall have “Good Reason” for resignation of employment
with the Company if any of the following actions are taken by the Company without Vice President’s prior written consent:
(a) a material reduction in Vice President’s Base Salary, unless the reduction is proportional to an across-the-board
decrease affecting all senior Vice Presidents; or (b) a material reduction in Vice President’s duties and responsibilities.
Notwithstanding the foregoing, the Company may change Vice President’s duties and responsibilities to fit the needs of the
Company so long as such change(s) do not materially reduce Vice President’s duties to the Company. In order to resign for
Good Reason, Vice President must provide written notice to the Company’s Board within 30 days after the first occurrence
of the event giving rise to Good Reason setting forth the basis for Vice President’s resignation, allow the Company at least
30 days from receipt of such written notice to cure such event, and if such event is not reasonably cured within such period,
Vice President must resign from all positions Vice President then holds with the Company not later than 90 days after the
expiration of the cure period.

 

(iii)        Change-in-Control.
For purposes of this Agreement, “Change-in-Control” will have the meaning set forth in the Amended and Restated
Lipocine Inc. 2014 Equity Incentive Plan.

 

7.           Proprietary
Information Obligations. Vice President shall be required to execute and abide by the Company’s standard form of Employee
Proprietary Information and Inventions Agreement. Pursuant to Section 8, Vice President shall also be required to execute and abide
by the Company’s form of Employee Restrictive Covenant Agreement.

 

8.           Outside
Activities During Employment.

 

8.1.         Non-Company
Business. Except with the prior written consent of the Board, Vice President will not during the term of Vice President’s
employment with the Company undertake or engage in any other employment, occupation or business enterprise, other than ones in
which Vice President is a passive investor. Vice President is permitted to serve as a member of the board of directors of one company
provided that such company is not a competitor of the Company. Vice President may engage in civic and not-for-profit activities
so long as such activities do not materially interfere with the performance of Vice President’s duties hereunder.

 

8.2.         No
Adverse Interests. Vice President agrees not to acquire, assume or participate in, directly or indirectly, any position, investment
or interest known to be adverse or antagonistic to the Company, its business or prospects, financial or otherwise.

 

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9.           Code
Section 280G. If any payment or benefit Vice President would receive from the Company or otherwise in connection with
a Corporate Transaction or other similar transaction (“Payment”) would (i) constitute a “parachute
payment” within the meaning of Section 280G of the Code and (ii) but for this sentence, be subject to the excise
tax imposed by Section 4999 of the Code (the “Excise Tax”), then such Payment will be equal to the Reduced
Amount. The “Reduced Amount” will be either (x) the largest portion of the Payment that would result in
no portion of the Payment being subject to the Excise Tax, or (y) the largest portion, up to and including the total, of the
Payment, whichever amount ((x) or (y)), after taking into account all applicable federal, state and local employment taxes, income
taxes, and the Excise Tax (all computed at the highest applicable marginal rate), results in Vice President’s receipt of
the greater economic benefit notwithstanding that all or some portion of the Payment may be subject to the Excise Tax. If a Reduced
Amount will give rise to the greater after tax benefit, the reduction in the Payments will occur in the following order: (a) reduction
of cash payments; (b) cancellation of accelerated vesting of equity awards in such a manner as to produce the least amount
of reduction necessary; and (c) reduction of other benefits paid to Vice President. Within any such category of payments and
benefits (that is, (a), (b) or (c)), a reduction will occur first with respect to amounts that are not “deferred compensation”
within the meaning of Section 409A and then with respect to amounts that are. In the event that acceleration of compensation
from Vice President’s equity awards is to be reduced, such acceleration of vesting will be canceled, subject to the immediately
preceding sentence, in the reverse order of the date of grant, except to the extent a different chronology is necessary to produce
the least amount of reduction. The registered public accounting firm engaged by the Company for general audit purposes as of the
day prior to the effective date of the event described in Section 280G(b)(2)(A)(i) of the Code will perform the foregoing
calculations. If the registered public accounting firm so engaged by the Company is serving as accountant or auditor for the acquirer
or is otherwise unable or unwilling to perform the calculations, the Company will appoint a nationally recognized firm that has
expertise in these calculations to make the determinations required hereunder. The Company will bear all expenses with respect
to the determinations by such independent registered public accounting firm required to be made hereunder. Any good faith determinations
of the independent registered public accounting firm made hereunder will be final, binding and conclusive upon the Company and
Vice President.

 

10.         Further
Agreements of Vice President.

 

10.1.       No
Restrictions. Vice President warrants and represents that he is not bound by any employment contract, restrictive covenant
or any other restriction preventing Vice President from entering into employment with the Company or limiting Vice President’s
ability to conduct the activities contemplated by this Agreement or to carry out his responsibilities to the Company, or which
is in any other way inconsistent with the terms of this Agreement.

 

10.2.       Documentation.
For purposes of federal immigration law, Vice President will be required to provide to the Company documentary evidence of Vice
President’s identity and eligibility for employment in the United States. Vice President agrees to provide such documentation
within three (3) business days of his date of hire. If Vice President does not provide such documentation within three (3) business
days of his date of hire, Vice President’s employment with the Company may be terminated.

 

10.3.       Background
Check. Vice President’s employment under this Agreement is subject to Vice President passing a standard criminal background
check, testing for any recent use of illegal drugs, Food and Drug Administration debarment certification and any other employment
related issues that may negatively affect Vice President’s performance under this Agreement. Vice President hereby consents
to such background check. If Vice President does not pass the criminal background check, Vice President’s employment with
the Company may be terminated.

 

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10.4.       Resignation
by Vice President. Vice President shall not voluntarily retire, resign or otherwise terminate his relationship with the Company
or any of its affiliates without first giving the Company at least sixty (60) days prior written notice of the effective date of
such retirement, resignation or other termination. Such written notice shall be sent by certified mail to Lipocine Inc., Attn:
President and CEO, 675 Arapeen Dr. Suite 202, SLC, UT 84124. The Company retains the right to waive the notice requirement in whole
or in part or to place you on paid leave for all or part of this sixty (60) day period.

 

10.5.       No
Solicitation. Vice President agrees that if his employment is terminated for any reason by either Party, Vice President shall
not for a period of one (1) year after such termination, without the Company’s prior written consent, directly or indirectly:
(a) solicit or induce, or cause or encourage others to solicit or induce, approach, counsel, attempt or cause or induce, or encourage
others to solicit or induce, any employees of the Company to leave the Company; (b) hire or cause others to hire any employees
of the Company; or (c) encourage or assist in the hiring process of any employees of the Company, or cause others to participate,
encourage or assist in the hiring process of any employees of the Company.

 

10.6.       Non-Disclosure
of Confidential Information. Vice President shall not at any time, whether during Vice President’s employment or following
the termination of Vice President’s employment, for any reason, directly or indirectly disclose or furnish to any entity,
firm, corporation or person any confidential or proprietary information of the Company with respect to any aspect of its operation,
business or clients. Vice President shall be allowed to disclose confidential information to the extent that such disclosure is
(a) duly approved in writing by the Company; (b) necessary for Vice President to enforce his rights under this Agreement in connection
with a legal proceeding; or (c) required by law or by the order of a court or similar judicial or administrative body, provided
that Vice President notify the Company of such required disclosure promptly and cooperate with the Company in any lawful action
to contest or limit the scope of such required disclosure. Confidential or proprietary information shall mean information not generally
known to the public to which Vice President gains access by reason of Vice President’s employment by the Company and includes,
but is not limited to, information relating to all present or past customers, trade secrets, business and marketing plans, research
and development plans, financial data and strategies, salaries and employment benefits, and operational costs. This provision shall
survive the expiration of this Agreement.

 

10.7.       Company
Property. All records, files, memoranda, reports, customer information, client lists, documents and equipment relating to the
business of the Company, whether in electronic or any other format, which Vice President prepares, possesses or comes in contact
with while he is an employee of the Company, shall remain the sole property of the Company. Vice President agrees upon termination
of Vice President’s employment, that Vice President shall provide to the Company all documents, papers, files, electronic
media, or other material in Vice President’s possession and under Vice President’s control that are connected with
or derived from Vice President’s services to the Company. Vice President agrees that the Company owns all work products,
patents, copyrights, trademarks, trade secrets and other material produced by Vice President during Vice President’s employment
with the Company. This provision shall survive the expiration of this Agreement.

 

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10.8.       Remedies.
In the event Vice President breaches his obligations under this Agreement, the Company, in addition to being entitled to exercise
all rights granted by the law, including recovery of damages, will be entitled to specific performance of its rights under this
Agreement. Vice President acknowledges that the Company shall suffer irreparable harm in the event of a breach or prospective breach
of any of the provisions of this Section 10 and that any monetary damages would not be adequate relief. Accordingly, the Company
shall be entitled to injunctive relief in any federal or state court of competent jurisdiction located in Salt Lake County in the
State of Utah, or in any state in which Vice President resides.

 

11.         General
Provisions.

 

11.1.       Notices.
Any notices provided must be in writing and will be deemed effective upon the earlier of personal delivery (including personal
delivery by fax) or the next day after sending by overnight carrier, to the Company at its primary office location and to Vice
President at the address as listed on the Company payroll.

 

11.2.       Severability.
Whenever possible, each provision of this Agreement will 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 will not affect any other provision or any other
jurisdiction, but this Agreement will be reformed, construed and enforced in such jurisdiction to the extent possible in keeping
with the intent of the parties.

 

11.3.       Waiver.
Any waiver of any breach of any provisions of this Agreement must be in writing to be effective, and it shall not thereby be deemed
to have waived any preceding or succeeding breach of the same or any other provision of this Agreement.

 

11.4.       Complete
Agreement. This Agreement and the other agreements referred to herein constitute the entire agreement between Vice President
and the Company with regard to this subject matter and is the complete, final, and exclusive embodiment of the Parties’ agreement
with regard to this subject matter. This Agreement is entered into without reliance on any promise or representation, written or
oral, other than those expressly contained herein, and it supersedes any other such promises, warranties or representations. It
is entered into without reliance on any promise or representation other than those expressly contained herein, and it cannot be
modified or amended except in a writing signed by a duly authorized officer of the Company.

 

11.5.       Counterparts.
This Agreement may be executed in separate counterparts, any one of which need not contain signatures of more than one party, but
all of which taken together will constitute one and the same Agreement.

 

11.6.       Headings.
The headings of the paragraphs hereof are inserted for convenience only and shall not be deemed to constitute a part hereof nor
to affect the meaning thereof.

 

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11.7.       Successors
and Assigns. This Agreement is intended to bind and inure to the benefit of and be enforceable by Vice President and the Company,
and their respective successors, assigns, heirs, executors and administrators, except that Vice President may not assign any of
his duties hereunder. In addition, Vice President may not assign any of his rights hereunder without the written consent of the
Company.

 

11.8.       Tax
Withholding and Indemnification. All payments and awards contemplated or made pursuant to this Agreement will be subject to
withholdings of applicable taxes in compliance with all relevant laws and regulations of all appropriate government authorities.
Vice President acknowledges and agrees that the Company has neither made any assurances nor any guarantees concerning the tax treatment
of any payments or awards contemplated by or made pursuant to this Agreement. Vice President has had the opportunity to retain
a tax and financial advisor and fully understands the tax and economic consequences of all payments and awards made pursuant to
the Agreement.

 

11.9.       Choice
of Law. All questions concerning the construction, validity and interpretation of this Agreement will be governed by the laws
of the State of Utah, without regards to conflicts of law. Any dispute arising out of this Agreement, or the breach thereof, shall
be brought in a court of competent jurisdiction in Salt Lake County, the State of Utah; the parties expressly consenting to venue
in Salt Lake County, the State of Utah. Each Party shall be responsible for its own costs and expenses (including attorney fees)
incurred in connection with the enforcement of such Party’s rights hereunder.

 

[Signature Page Follows]

 

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In
Witness Whereof, the Parties have executed this Agreement on the date indicated.

 

	 	Lipocine Inc.

 

	Date: November 5, 2018	By:	/s/ Mahesh Patel

	 	Mahesh Patel, Ph.D.
	 	President and CEO
	 	 
	 	Vice President

 

	Date: November 5, 2018	/s/ Nachiappan Chidambaram

	 	Nachiappan Chidambaram

 

[Signature Page to Employment Agreement –
Nachiappan Chidambaram]EX-10.1

 Exhibit 10.1 

SUPPORT AGREEMENT 

This SUPPORT AGREEMENT (this “Agreement”), is dated as of November 1, 2018, by and among HealthCor Paradigm Blocker
Company Two, Inc., a Delaware corporation (“HealthCor Paradigm”), and HealthCor AIV, L.P., a Delaware limited partnership (together with HealthCor Paradigm, the “Unitholders”), RTI Surgical, Inc., a Delaware
corporation (the “Parent”), and Bears Holding Sub, Inc., a Delaware corporation and direct wholly owned subsidiary of Parent (“Holdco”). Capitalized terms used herein and not otherwise defined herein shall have the
meanings ascribed to such terms in the Master Transaction Agreement (as defined below). 
 WHEREAS, concurrently herewith, the Parent is
entering into a Master Transaction Agreement with the Member, Holdco and Merger Sub (as in effect on the date hereof, the “Master Transaction Agreement”), providing for, among other things and subject to the terms and conditions of
the Master Transaction Agreement, the Merger of Merger Sub with and into Parent, with Parent continuing as the surviving corporation in the Merger, and the Contribution of 100% of the equity interests in the Company by the Member to Holdco. 

WHEREAS, as of the date hereof, each Unitholder holds and is entitled to vote (or direct the voting of) the Member Units set forth opposite
such Unitholder’s name on Exhibit A hereto (together with such additional Member Units that become beneficially owned (within the meaning of Rule 13d-3 promulgated under the
Exchange Act) by such Unitholder, whether upon the exercise of options, conversion of convertible securities or otherwise, after the date hereof, the “Covered Units”)). 

WHEREAS, as a condition to the Parent’s, Holdco’s and Merger Sub’s willingness to enter into and perform their respective
obligations under the Master Transaction Agreement, the Parent, Holdco and Merger Sub have required that the Unitholders agree, and the Unitholders are willing to agree, to enter into this Agreement. 

NOW, THEREFORE, in consideration of the foregoing and the premises, representations, warranties, covenants and agreements set forth in this
Agreement and for other good and valuable consideration given to each party hereto, the receipt of which is hereby acknowledged, the parties agree as follows: 

ARTICLE I. 
 UNITHOLDER
CONSENT; AGREEMENT TO VOTE 
 Section 1.1.    Agreement to Vote. Each Unitholder hereby irrevocably and
unconditionally agrees that, from the date hereof until the termination of this Agreement in accordance with Section 5.1 (the “Agreement Term”), such Unitholder shall (i) take all such actions as may be required to cause
each Covered Unit held by such Unitholder to be present, in person or by proxy, at any duly called meeting of the unitholders of the Member in connection with the Master Transaction Agreement or any transaction contemplated by the Master Transaction
Agreement, including at any adjournment or postponement thereof, for purposes of establishing a quorum and (ii) at any such meeting, including at any adjournment or postponement thereof, and on every action or approval by written consent by the
unitholders of the Member, vote (or cause to be voted), to the extent entitled to vote thereon, all of the Covered Units held by such Unitholder: 

(a)    in favor of (1) the approval of Member’s entry into the Master Transaction Agreement and the transactions
contemplated thereby, including the Contribution, and (2) the approval of any proposal to adjourn or postpone such meeting to a later date if there are not sufficient votes for the approval of Member’s entry into the Master Transaction
Agreement and the transactions contemplated thereby, including the Contribution; and 

 (b)    against (1) any action that would reasonably be expected to
result in a breach of or failure to perform, in any material respect, any representation, warranty, covenant or agreement of the Member under the Master Transaction Agreement or of such Unitholder under this Agreement, and (2) any action that
would reasonably be expected to prevent, impede, frustrate, interfere with, delay, postpone or adversely affect the consummation of the transactions contemplated by the Master Transaction Agreement (in contravention of the terms and conditions of
the Master Transaction Agreement). 
 Section 1.2.    Other Voting Rights. For the avoidance of doubt,
(a) except as expressly set forth in Section 1.1, nothing in this Agreement shall limit the right of any Unitholder to vote in favor of, against, or abstain with respect to any matter presented to Member’s unitholders not addressed by
this Agreement and (b) nothing in this Agreement shall require any Unitholder to vote in favor of, against, or abstain with respect to, any amendment or modification of the Master Transaction Agreement. 

ARTICLE II. 

REPRESENTATIONS AND WARRANTIES OF THE UNITHOLDERS 

Each Unitholder, severally and not jointly, hereby represents and warrants to the Parent and Holdco as follows: 

Section 2.1.    Power; Due Authorization; Binding Agreement. Such Unitholder has the requisite power and
authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation by such Unitholder of the transactions
contemplated hereby have been duly and validly authorized by all necessary corporate, partnership or other applicable action on the part of such Unitholder, and no other proceedings on the part of such Unitholder are necessary to authorize this
Agreement or to consummate the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by such Unitholder and, assuming the due and valid authorization, execution and delivery hereof by the other parties
hereto, constitutes a valid and binding agreement of such Unitholder, enforceable against such Unitholder in accordance with its terms, except that (i) such enforcement may be subject to applicable bankruptcy, insolvency, reorganization,
moratorium or other similar Laws, now or hereafter in effect, relating to creditors’ rights generally and (ii) equitable remedies of specific performance and injunctive and other forms of equitable relief may be subject to equitable
defenses and to the discretion of the court before which any proceeding therefor may be brought. 

Section 2.2.    Ownership of Units. On the date hereof, the Covered Units set forth opposite such
Unitholder’s name on Exhibit A hereto are owned by such Unitholder. Other than (a) restrictions in favor of the Parent pursuant to this Agreement, (b) such transfer restrictions of general applicability as
may be provided under the Securities Act or the “blue sky” Laws of the various states of the United States, (c) any restrictions contained in the organizational documents of Member or that certain Members’ Agreement, dated as of
October 26, 2018, by and among the Member and the members of the Member, (d) as set forth in that certain Amended and Restated Economic Rights Agreement, dated as of November 1, 2018, by and between the Company, the Member, Key
Unitholders (as defined therein), SOF II Paradigm Cayco Limited, and Hayfin Services LLP, as representative for the Holder (as defined therein), and (e) as set forth in those certain Irrevocable Proxies and Powers of Attorney, dated
October 31, 2018, executed by the Unitholders in favor of Hayfin Services LLP, as of the date hereof such Unitholder has, and at any unitholder meeting of the Member held during the Agreement Term to vote regarding the approval of Member’s
entry into the Master Transaction Agreement and the transactions contemplated thereby, including the Contribution, including at any adjournment or postponement thereof, such Unitholder will have (except as otherwise permitted by this Agreement),
sole voting power and sole dispositive power with respect to the matters set forth in Section 1.1 in respect of all of the Covered Units of such Unitholder and no proxies have been given in respect of any or all of such Covered Units with
respect to the matters set forth in Section 1.1, other than proxies which have been validly revoked prior to the date hereof. 

  
 2 

 Section 2.3.    No Conflict. The execution and delivery of
this Agreement by such Unitholder does not, and the performance of the terms of this Agreement by such Unitholder will not, (a) require the consent or approval of, or any filing with, any other Person or Governmental Entity, (b) conflict
with or violate any Governing Document of such Unitholder (if applicable), (c) conflict with or violate or result in any breach of, or default (with or without notice or lapse of time, or both) under, or give to others any rights of
termination, amendment, acceleration or cancellation of, or result in the creation of an Encumbrance on any of such Unitholder’s Covered Units pursuant to, any Contract to which such Unitholder is a party or by which such Unitholder or any of
such Unitholder’s Covered Units are bound or (d) violate any Law applicable to such Unitholder or any of such Unitholder’s assets (including the Covered Units), except for any of the foregoing which would not, individually or in the
aggregate, prevent, materially delay or impair in any material respect such Unitholder’s ability to perform such Unitholder’s obligations under this Agreement. 

Section 2.4.    Acknowledgment. Such Unitholder understands and acknowledges that the Parent, Holdco and
Merger Sub are entering into the Master Transaction Agreement in reliance upon such Unitholder’s execution, delivery and performance of this Agreement. 

Section 2.5.    Actions and Proceedings. As of the date hereof, there are no (a) Legal Proceedings
pending or, to the knowledge of such Unitholder, threatened against such Unitholder or any of its assets or (b) outstanding Orders to which such Unitholder or any of its assets are subject or bound, in each case, which could reasonably be
expect to, individually or in the aggregate, prevent, materially delay or impair in any material respect such Unitholder’s ability to perform its obligations under this Agreement. 

ARTICLE III. 

REPRESENTATIONS AND WARRANTIES OF PARENT AND HOLDCO 

Parent and Holdco hereby represent and warrant to the Unitholders as follows: 

Section 3.1.    Power; Due Authorization; Binding Agreement. Each of Parent and Holdco has the requisite power
and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement by Parent and Holdco and the consummation by Parent and
Holdco of the transactions contemplated hereby have been duly and validly authorized by all necessary corporate action on the part of Parent and Holdco, and no other proceedings on the part of Parent or Holdco are necessary to authorize this
Agreement or to consummate the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by Parent and Holdco and, assuming the due and valid authorization, execution and delivery hereof by the other parties
hereto, constitutes a valid and binding agreement of Parent and Holdco, enforceable against Parent and Holdco in accordance with its terms, except that (i) such enforcement may be subject to applicable bankruptcy, insolvency, reorganization,
moratorium or other similar Laws, now or hereafter in effect, relating to creditors’ rights generally and (ii) equitable remedies of specific performance and injunctive and other forms of equitable relief may be subject to equitable
defenses and to the discretion of the court before which any proceeding therefor may be brought. 

Section 3.2.    No Conflict. The execution and delivery of this Agreement by Parent and Holdco does not, and
the performance of the terms of this Agreement by Parent and Holdco will not, (a) require the consent or approval of, or any filing with, any other Person or Governmental Entity, (b) conflict with or violate any Governing Document of
Parent or Holdco, (c) conflict with or violate or result in any breach of, or default (with or without notice or lapse of time, or both) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any
Contract to which Parent or Holdco is a party or by which Parent or Holdco is bound or (d) violate any Law applicable to Parent or Holdco or any of their 

  
 3 

 
assets, except for any of the foregoing which would not, individually or in the aggregate, prevent, materially delay or impair in any material respect Parent’s or Holdco’s ability to
perform its obligations under this Agreement. 
 Section 3.3.    Actions and Proceedings. As of the date
hereof, there are no (a) Legal Proceedings pending or, to the knowledge of Parent or Holdco, threatened against Parent or Holdco or any of their assets or (b) outstanding Orders to which Parent or Holdco or any of their assets are subject
or bound, in each case, which could reasonably be expected to, individually or in the aggregate, prevent, materially delay or impair in any material respect Parent’s or Holdco’s ability to perform its obligations under this Agreement. 

ARTICLE IV. 
 COVENANTS
OF THE UNITHOLDERS 
 Section 4.1.    Restriction on Transfer, Proxies and
Non-Interference. Each Unitholder hereby agrees, during the Agreement Term, not to, directly or indirectly, (i) sell, transfer, pledge, encumber, assign or otherwise dispose of, or enter into any
Contract, option or other arrangement or understanding with respect to the sale, transfer, pledge, encumbrance, assignment or other disposition of, or limitation on the voting rights of, any of such Unitholder’s Covered Units (any such action,
a “Transfer”), (ii) grant any proxies or powers of attorney with respect to the Covered Units of such Unitholder, deposit any such Covered Units into a voting trust or enter into a voting agreement with respect to any such
Covered Units, in each case with respect to any vote on the approval and/or adoption of the Master Transaction Agreement or any other matters set forth in Section 1.1, (iii) form or join any “group” (as such term is defined in
Section 13(d)(3) of the Exchange Act) with any Persons with respect to any securities of Member (other than, if any, pursuant to this Agreement) or (iv) commit or agree to take any of the foregoing actions during the Agreement Term;
provided that, the foregoing notwithstanding, the following Transfers are permitted: (A) Transfers of Covered Units to any Person who has agreed in writing (the form and substance of which is reasonably acceptable to Parent) to be bound
by the terms of this Agreement in respect of the Covered Units Transferred; (B) Transfers of a sufficient number of Covered Units to cover tax withholding obligations resulting from the vesting of any equity awards in the Member or the exercise
of any options to purchase equity of the Member; and (B) Transfers of Covered Units with Parent’s prior written consent. Any Transfer (or purported Transfer) in breach of this Agreement shall be null and void and of no force or effect.

 Section 4.2.    No Limitations on Actions. Parent and Holdco expressly acknowledge that each Unitholder
is entering into this Agreement solely in such Unitholder’s capacity as the owner of Covered Units and this Agreement shall not limit or otherwise affect the actions or fiduciary duties of such Unitholder, or any affiliate, partner, member,
trustee, beneficiary, settlor, employee or designee of such Unitholder or any of their respective affiliates (collectively, “Affiliates”) in their capacity, if applicable, as a member or manager of the Member. Neither Parent nor Holdco
shall assert any claim that any action taken by a Unitholder or any of such Unitholder’s Affiliates in the capacity as a member or manager of the Member violates any provision of this Agreement. 

Section 4.3.    Further Assurances. From time to time, at the reasonable request of Parent and without further
consideration, each Unitholder shall execute and deliver such additional documents and take all such further action as may be reasonably necessary or desirable to comply with such Unitholder’s obligations under this Agreement. 

ARTICLE V. 

MISCELLANEOUS 

Section 5.1.    Termination of this Agreement. This Agreement, and all obligations, terms and conditions
contained herein, shall automatically terminate without any further action required by any party hereto upon the earliest to occur of: (a) the termination of the Master Transaction Agreement in accordance

  
 4 

 
with its terms; (b) the Effective Time; (c) the time that the Member’s entry into the Master Transaction Agreement and the transactions contemplated thereby, including the
Contribution, have been adopted and approved by the unitholders of the Member pursuant to the Master Transaction Agreement; and (d) any amendment or modification to the Master Transaction Agreement that is in any way material and adverse to any
Unitholder. In addition to the foregoing, this Agreement may be terminated at any time by the written consent of all of the parties hereto. 

Section 5.2.    Effect of Termination. In the event of any termination of this Agreement pursuant to
Section 5.1, this Agreement shall become void and of no effect with no liability on the part of any party hereto; provided, however, notwithstanding the forgoing, no such termination shall relieve any party hereto from any
liability for any breach of this Agreement occurring prior to such termination and the provisions of this Article V shall survive any such termination. 

Section 5.3.    Entire Agreement; Assignment. This Agreement and any documents delivered by the parties in
connection herewith constitute the entire agreement among the parties with respect to the subject matter hereof and supersede all other prior agreements and understandings, both written and oral, among the parties with respect to the subject matter
hereof. Except as set forth in Section 5.13 (as to which Merger Sub and the Member shall be third-party beneficiaries), nothing in this Agreement, express or implied, is intended to or shall confer upon any Person other than the parties hereto
any rights or remedies hereunder. Neither this Agreement nor any of the rights, interests or obligations under this Agreement may be assigned or delegated, in whole or in part, by operation of Law or otherwise, by any party without the prior written
consent of the other parties, and any such assignment without such prior written consent shall be null and void. Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the parties and
their respective successors and permitted assigns. 
 Section 5.4.    Amendments and Waivers. This Agreement
may only be amended or waived if, and only if, such amendment or waiver is in writing and signed, in the case of an amendment, by each of the parties hereto, or in the case of a waiver, by the party against whom the waiver is to be effective. No
failure or delay by any party in exercising any right hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise of any other right hereunder. 

Section 5.5.    Notices. Any notices or other communications required or permitted under, or otherwise given
in connection with, this Agreement shall be in writing and will be deemed to have been duly given (i) when delivered or sent if delivered in person or sent by email transmission (provided confirmation of email transmission is obtained) or
(ii) on the next Business Day if transmitted by national overnight courier, in each case as follows: 
 If to a Unitholder: 

HealthCor Partners Management, L.P. 

1325 Avenue of the Americas, 27th Floor 

New York, NY 10019 
 Attn: Jeffrey
C. Lightcap 
 Email: jlightcap@healthcogroup.com 

If to Parent or Holdco: 
 RTI
Surgical, Inc. 
 520 Lake Cook Road, Suite 680 

Deerfield, Illinois 60015 
 Attn:
Jonathon Singer 

  
 5 

 with a copy (which shall not constitute notice) to: 

Sidley Austin LLP 
 One South
Dearborn 
 Chicago, Illinois 60603 

Attn: Larry Barden and Seth Katz 

Facsimile No.: (312) 853-7036 

or to such other address as may be designated in writing by the party to receive such notice as provided above. 

Section 5.6.    Governing Law; Jurisdiction; Waiver of Jury Trial. 

(a)    All issues and questions concerning the construction, validity, interpretation and enforceability of this Agreement
will be governed by, and construed in accordance with, the Laws of the State of Delaware, without giving effect to any choice of Law or conflict of Law rules or provisions (whether of the State of Delaware or any other jurisdiction) that would cause
the application of the Laws of any jurisdiction other than the State of Delaware. 
 (b)    Any Legal Proceeding seeking
to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby will be brought and determined exclusively in the Delaware Court of Chancery of the State of
Delaware; provided that if the Delaware Court of Chancery does not have subject matter jurisdiction, any such Legal Proceeding will be brought exclusively in the United States District Court for the District of Delaware or any other
court of the State of Delaware, and each of the parties hereby consents to the exclusive jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such Legal Proceeding and irrevocably waives, to the fullest extent
permitted by Law, any objection that such party may now or hereafter have to the laying of the venue of any such Legal Proceeding in any such court or that any such Legal Proceeding that is brought in any such court has been brought in an
inconvenient forum. Process in any such Legal Proceeding may be served on any party anywhere in the world, whether within or without the jurisdiction of any such court. Without limiting the foregoing, each party agrees that service of process on
such party as provided in Section 5.5 will be deemed effective service of process on such party. 
 (c)    EACH OF
THE PARTIES TO THIS AGREEMENT HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION (1) ARISING UNDER THIS AGREEMENT OR (2) IN ANY WAY CONNECTED WITH OR RELATED OR
INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY OR OTHERWISE. EACH OF THE PARTIES
TO THIS AGREEMENT HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION WILL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT THE PARTIES TO THIS AGREEMENT MAY FILE A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN
EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 

Section 5.7.    Specific Performance. 

(a)    The parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement
were not performed in accordance with their specific terms or were otherwise breached. Each party agrees that in the event of any breach or threatened breach by any other party of any covenant or obligation contained in this Agreement, the non-breaching party shall be entitled (in addition to any other remedy that may be available to such non-breaching party, whether in law or equity, including

  
 6 

 
monetary damages) to (i) a decree or order of specific performance to enforce the observance and performance of such covenant or obligation, and (ii) an injunction restraining such
breach or threatened breach. 
 (b)    Each party further agrees that (x) it will not oppose the granting of an
injunction, specific performance or other equitable relief as provided herein on the basis that any other party has an adequate remedy at law or an award of specific performance is not an appropriate remedy for any reason at law or equity and
(y) no other party or any other Person shall be required to obtain, furnish or post any bond or similar instrument in connection with or as a condition to obtaining any remedy referred to in this Section 5.7, and each party irrevocably
waives any right it may have to require the obtaining, furnishing or posting of any such bond or similar instrument. 

Section 5.8.    Counterparts; Effectiveness. This Agreement may be executed in two or more counterparts, each
of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement may be executed by facsimile signature or by emailed portable document format (.pdf) file signature and a
facsimile or .pdf signature shall constitute an original for all purposes. 
 Section 5.9.    Headings.
Headings of the Articles and Sections of this Agreement are for convenience of the parties only and shall be given no substantive or interpretive effect whatsoever. 

Section 5.10.    Severability. Any term or provision of this Agreement which is invalid or unenforceable in
any jurisdiction shall, as to that jurisdiction, be ineffective to the sole extent of such invalidity or unenforceability without rendering invalid or unenforceable the remainder of such term or provision or the remaining terms and provisions of
this Agreement in any jurisdiction. If any provision of this Agreement is so broad as to be unenforceable, such provision shall be interpreted to be only so broad as is enforceable. 

Section 5.11.    Remedies Cumulative. Except as otherwise provided herein, any and all remedies expressly
conferred upon a party hereto shall be deemed cumulative with and not exclusive to any other remedy conferred by this Agreement, or by applicable Law on such party, and the exercise by a party of any one remedy will not preclude the exercise of any
other remedy. 
 Section 5.12.    Interpretation. 

(a)    When a reference is made in this Agreement to an Article or Section, such reference shall be to an Article or
Section of this Agreement unless otherwise indicated. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without
limitation.” The words “hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The
word “or” when used in this Agreement is not exclusive. The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and neuter genders
of such terms. 
 (b)    Any agreement, instrument or statute defined or referred to herein or in any agreement or
instrument that is referred to herein means such agreement, instrument or statute as from time to time amended, modified or supplemented, including (in the case of agreements or instruments) by waiver or consent and (in the case of statutes) by
succession of comparable successor statutes and references to all attachments thereto and instruments incorporated therein. Each of the parties has participated in the drafting and negotiation of this Agreement. If an ambiguity or question of intent
or interpretation arises, this Agreement must be construed as if it is drafted by all the parties, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of authorship of any of the provisions of this
Agreement. 

  
 7 

 Section 5.13.    Publication. Each Unitholder hereby permits
Parent, Holdco, Merger Sub and the Member to publish and disclose in any documents or schedules required to be filed with the SEC and any other disclosures or filings required by applicable Law such Unitholder’s identity and ownership of such
Unitholder’s Covered Units and the nature of such Unitholder’s commitments pursuant to this Agreement. 

Section 5.14.    No Ownership Interest. Nothing contained in this Agreement shall be deemed to vest in Parent
or Holdco any direct or indirect ownership or incidence of ownership of or with respect to any Covered Units. All ownership and economic benefits of and relating to the Covered Units shall remain vested in and belong to the applicable Unitholder,
and, except as otherwise provided herein, neither Parent nor Holdco shall have any authority to direct any Unitholder in the voting or disposition of any Covered Units. For the avoidance of doubt, each Unitholder shall be entitled to any dividends
or other distributions declared by the Member with respect to such Unitholder’s Covered Units. 
 [Signature Page to Follow] 

  
 8 

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

					
	Parent:
		
	        	 	RTI SURGICAL, INC.
			
		 	By:	 	 /s/ Jonathon M. Singer

		 	Name:	 	Jonathon M. Singer
		 	Title:	 	Chief Financial and Administrative Officer

  

					
	Holdco:	 	
		
	        	 	BEARS HOLDING SUB, INC.
			
		 	By:	 	 /s/ Jonathon M. Singer

		 	Name:	 	Jonathon M. Singer
		 	Title:	 	Chief Financial and Administrative Officer

 [Signature Page to Support Agreement] 

  
 9 

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

			
	Unitholders:
	
	HEALTHCOR PARADIGM BLOCKER
	COMPANY TWO, INC.
		
	By:	 	 /s/ Anabelle Perez Gray

		 	Name: Anabelle Perez Gray
		 	Title: General Counsel

  

			
	HEALTHCOR AIV, L.P.
	
	By: HealthCor Partners, L.P.
	General Partner
	
	By: HealthCor Partners GP, LLC
	General Partner
		
	By:	 	 /s/ Jeffrey C. Lightcap

		 	Name: Jeffrey C. Lightcap
		 	Title: Senior Managing Director

 [Signature Page to Support Agreement] 

 Exhibit A 

Covered Units 
  

			
	 Unitholder
	  	 Units

	 HEALTHCOR PARADIGM BLOCKER

COMPANY TWO, INC.
	  	 94,608 Class A Common Units and 4,616,195

Class E1 Preferred Units

		
	 HEALTHCOR AIV, L.P.
	  	 56,100 Class A Common Units and 3,064,297

Class E1 Preferred Units

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