Document:

Exhibit 10.25

 

INDEMNIFICATION AGREEMENT

 

THIS INDEMNIFICATION AGREEMENT
(the “Agreement”) is made as of this ___ day of _____, _____, between the MedMen Enterprises Inc. (the “Corporation”),
a corporation governed by the Business Corporations Act (British Columbia) and ___________ (the “Indemnified Party”).

 

RECITALS:

 

A. The board of directors of the
Corporation (the “Board”) has determined that the Corporation should act to assure the Indemnified Party of reasonable
protection through indemnification against certain risks arising out of service to, and activities on behalf of, the Corporation to the
extent permitted by law.

 

NOW THEREFORE the parties
agree as follows:

 

1. Indemnification.
The Corporation will, subject to Section 2, indemnify and save harmless the Indemnified Party and the heirs and legal representatives
of the Indemnified Party to the fullest extent permitted by applicable law:

 

1.1 from and against all Expenses
(as defined below) sustained or incurred by the Indemnified Party in respect of any civil, criminal, administrative, investigative, or
other Proceeding (as defined below) to which the Indemnified Party is made a party by reason of being or having been a consultant of the
Corporation; and

 

1.2 from and against all Expenses
sustained or incurred by the Indemnified Party as a result of serving as a consultant of the Corporation in respect of any act, matter,
deed or thing whatsoever made, done, committed, permitted, or acquiesced in by the Indemnified Party as a consultant of the Corporation,
whether before or after the effective date of this Agreement, and whether or not related to a Proceeding.

 

“Expenses” means all costs, charges,
damages, awards, settlements, liabilities, fines, penalties, statutory obligations, professional fees and retainers, and other expenses
of whatever nature or kind, provided that any such costs, charges, professional fees, and other expenses shall have been incurred in good
faith.

 

“Proceeding” will include a claim,
demand, suit, proceeding, inquiry, hearing, discovery, or investigation, of whatever nature or kind, whether threatened, anticipated,
pending, commenced, continuing, or completed, and any appeal, and whether or not brought by the Corporation.

 

2. Entitlement to Indemnification.

 

2.1 The rights provided to an Indemnified
Party hereunder will, subject to applicable law, apply without reduction to an Indemnified Party provided that:

		 	 

		(a)	the Indemnified Party acted honestly and in good faith with
a view to the best interests of the Corporation or other entity described in Section 2.3; and

 

    - 1 -

     

    

 

		(b)	in the case of a criminal or administrative action or proceeding
that is enforced by a monetary penalty, the Indemnified Party had reasonable grounds for believing that his or her conduct was lawful.

 

2.2 This indemnity will not apply
to:

 

		(a)	claims initiated by the Indemnified Party against the Corporation
or any subsidiary except for claims relating to the enforcement of this Agreement; and

		 	 

		(b)	claims initiated by the Indemnified Party against any other
person or entity unless the Corporation or other party described in Section 2.3 has joined with the Indemnified Party in or consented
to the initiation of that Proceeding.

 

2.3 The indemnities in this Agreement
also apply to the Indemnified Party in respect of his or her service at the request of the Corporation as:

 

		(a)	an officer or director of another corporation; or

		 	 

		(b)	a similar role with another entity, including a partnership,
trust, joint venture, or other unincorporated entity.

 

3. Presumptions/Knowledge.

 

3.1 For purposes of any determination
hereunder the Indemnified Party will be deemed, subject to compelling evidence to the contrary, to have acted in good faith and/or in
the best interests of the Corporation.

 

3.2 The Corporation will have the
burden of establishing the absence of good faith.

 

3.3 The knowledge and/or actions,
or failure to act, of any other director, officer, agent, or employee of the Corporation or any other entity will not be imputed to the
Indemnified Party for purposes of determining the right to indemnification under this Agreement.

 

3.4 The Corporation will have the
burden of establishing that any Expense it wishes to challenge is not reasonable.

 

4. Notice by Indemnified Party.
As soon as is practicable, upon the Indemnified Party becoming aware of any Proceeding which may give rise to indemnification under this
Agreement other than a Proceeding commenced by the Corporation, the Indemnified Party will give written notice to the Corporation. Failure
to give notice in a timely fashion will not disentitle the Indemnified Party to indemnification.

 

    - 2 -

     

    

 

5. Investigation by Corporation.
The Corporation may conduct any investigation it considers appropriate of any Proceeding of which it receives notice under Section 4,
and will pay all costs of that investigation. Upon receipt of reasonable notice from the Corporation, the Indemnified Party will, acting
reasonably, cooperate fully with the investigation provided that the Indemnified Party will not be required to provide assistance that
would prejudice:

 

		(a)	his or her defence;

		 	 

		(b)	his or her ability to fulfill his or her business obligations;
or

		 	 

		(c)	his or her business and/or personal affairs.

 

6. Expense Advances.
The Corporation will, upon request by the Indemnified Party, make advances (“Expense Advances”) to the Indemnified
Party of all amounts for which the Indemnified Party seeks indemnification under this Agreement before the final disposition of the relevant
Proceeding. Expense Advances may include anticipated Expenses. In connection with such requests, the Indemnified Party will provide the
Corporation with a written affirmation of the Indemnified Party’s good faith belief that the Indemnified Party is legally entitled
to indemnification, along with sufficient particulars of the Expenses to be covered by the proposed Expense Advance to enable the Corporation
to make an assessment of its reasonableness. The Indemnified Party’s entitlement to such Expense Advance will include those Expenses
incurred in connection with any Proceeding by the Indemnified Party against the Corporation seeking an adjudication or award pursuant
to this Agreement the Corporation will make payment to the Indemnified Party within 10 days after the Corporation has received the foregoing
information from the Indemnified Party. All Expense Advances for which indemnification is sought must be reasonable and Expense Advances
must relate to Expenses anticipated within a reasonable time of the request.

 

The Indemnified Party will repay
to the Corporation all Expense Advances not actually required and will repay all Expense Advances if it is determined by a court of competent
jurisdiction in a final judgment which has become non-appealable that the conditions of Section 2 are not met. Any Expense Advances to
be repaid in accordance with the foregoing will bear interest from the date of applicable final judgment at the prime rate prescribed
from time to time by the Bank. If requested by the Corporation, the Indemnified Party will provide a written undertaking to the Corporation
confirming the Indemnified Party’s obligations under the preceding sentence as a condition to receiving an Expense Advance.

 

7. Indemnification Payments.
Subject to Section 2 and with the exception of Expense Advances which are governed by Section 6, the Corporation will pay to the Indemnified
Party any amounts to which the Indemnified Party is entitled hereunder promptly upon the Indemnified Party providing the Corporation with
reasonable details of the claim. The Corporation will, forthwith after any request for payment to or for an Indemnified Party, seek any
court approval that may be required to permit payment. If the conditions of Section 2 are not met, the Corporation will not be required
to pay the Indemnified Party any amounts pursuant to this indemnification and, further, the Indemnified Party will repay all amounts paid
thereto by the Corporation pursuant to this indemnification.

 

8. Right to Independent Legal
Counsel. If the Indemnified Party is named as a party or a witness to any Proceeding, or the Indemnified Party is questioned or
any of his or her actions, omissions, or activities are in any way investigated, reviewed, or examined in connection with or in anticipation
of any actual or potential, to any Proceeding, the Indemnified Party will be entitled to retain independent legal counsel at the Corporation’s
expense to act on the Indemnified Party’s behalf to provide an initial assessment to the Indemnified Party of the appropriate course
of action for the Indemnified Party. The Indemnified Party will be entitled to continued representation by independent counsel at the
Corporation’s expense beyond the initial assessment, unless the parties agree that there is no conflict of interest between the
Corporation and the Indemnified Party that necessitates independent representation.

 

    - 3 -

     

    

 

9. Settlement. The
parties will act reasonably in pursuing the settlement of any Proceeding. The Corporation may not negotiate or effect a settlement of
claims against the Indemnified Party without the consent of the Indemnified Party, acting reasonably. The Indemnified Party may negotiate
a proposed settlement without the consent of the Corporation. The Corporation will consider in good faith in the best interests of the
Corporation whether or not to consent to any such proposed settlement and will advise the Indemnified Party of its determination on a
timely basis. If the Corporation advises the Indemnified Party that it does not consent to the settlement provided the settlement is expressly
stated to be made by the Indemnified Party on his or her own behalf without any admission of liability by the Indemnified Party and/or
the Corporation, the Indemnified Party may nonetheless effect the settlement, but the Corporation will not be liable for indemnification
under this Agreement with respect to any such settlement

 

10. Arbitration. Except
as otherwise required by applicable law, all disputes, disagreements, controversies, or claims arising out of or relating to this Agreement,
including, without limitation, with respect to its formation, execution, validity, application, interpretation, performance, breach, termination,
or enforcement will be determined by arbitration before a single arbitrator under the Arbitration Act 1991 (Ontario). The arbitrator
will be selected by the parties, having regard to the nature of the dispute (legal, financial, or other). If the parties cannot agree
on a single arbitrator, the arbitrator shall be chosen by the court upon application of either party in accordance with the Arbitration
Act 1991 (Ontario). The arbitrator will determine the rules for the arbitration, including, based on the outcome of the arbitration,
the breakdown between the Corporation and the Indemnified Party of the costs for conducting the arbitration.

 

11. Tax Adjustment.
Should any payment made pursuant to this Agreement, including the payment of insurance premiums or any payment made by an insurer under
an insurance policy, be deemed to constitute a taxable benefit or otherwise be or become subject to any tax or levy, then the Corporation
will pay any amount necessary to ensure that the amount received by or on behalf of the Indemnified Party, after the payment of or withholding
for tax, fully reimburses the Indemnified Party for the actual cost, expense or liability incurred by or on behalf of the Indemnified
Party.

 

12. Governing Law.
This Agreement will be governed by the laws of the Province of British Columbia.

 

    - 4 -

     

    

 

13. Priority and Term.
This Agreement will supersede any previous agreement between the Corporation and the Indemnified Party dealing with this subject matter,
and will be deemed to be effective as of the date that is the earlier of:

 

		(a)	the date on which the Indemnified Party first became a consultant
of the Corporation; or

		 	 

		(b)	the date on which the Indemnified Party first served, at
the request or the Corporation, as a director or officer, or an individual acting in a capacity similar to a director or officer, of
another entity.

 

14. Severability.
If any term or other provision of this Agreement is invalid, illegal, or incapable of being enforced by any rule or law or public policy,
all other conditions and provisions of this Agreement will nevertheless remain in full force and effect so long as the economic or legal
substance of this Agreement is not affected in any manner materially adverse to either party. Upon such determination that any term or
other provision is invalid, illegal, or incapable of being enforced, the parties hereto will negotiate in good faith to modify this Agreement
so as to effect the original intent of the parties as closely as possible in an acceptable manner to the end that the provisions of this
Agreement are fulfilled to the fullest extent possible.

 

15. Binding Effect: Successors
and Assigns. This Agreement shall bind and inure to the benefit of the successors, heirs, executors, personal and legal representatives,
and permitted assigns of the parties hereto, including any direct or indirect successor by purchase, merger, consolidation, or otherwise
to all, substantially all or a substantial part of the business or assets of the Corporation, by written agreement in form and substance
reasonably satisfactory to the Indemnified Party, expressly to assume and agree to perform this Agreement in the same manner and to the
same extent that the Corporation would be required to perform if no such succession had taken place. Subject to the requirements of this
Section 15, this Agreement may be assigned by the Corporation to any successor (whether direct or indirect, and whether by purchase, merger,
consolidation, or otherwise) to all, substantially all, or a substantial part of the business or assets of the Corporation. This Agreement
may not be assigned by the Indemnified Party.

 

16. Covenant. The
Corporation hereby covenants and agrees that it will not take any action, including, without limitation, the enacting, amending, or repealing
of any bylaw, which would in any manner adversely affect or prevent the Corporation’s ability to perform its obligations under this
Agreement.

 

17. Parties to Provide Information
and Cooperate. The Corporation and the Indemnified Party shall from time to time provide such information and cooperate with the
other as the other may reasonably request in respect of all matters under this Agreement.

 

18. Survival. The
obligations of the Corporation under this Agreement will continue until the later of:

 

		(a)	15 years after the Indemnified Party ceases to be a consultant
of the Corporation or any other entity in which he or she serves in a similar capacity at the request of the Corporation;
and

		 	 

		(b)	one year after the final termination of all Proceedings commenced
prior to the expiration of such 15 year period with respect to which the Indemnified Party is entitled to claim indemnification hereunder.

 

19. Independent Legal Advice.
The Indemnified Party acknowledges that the Indemnified Party has been advised to obtain independent legal advice with respect to entering
into this Agreement that the Indemnified Party has obtained such independent legal advice, and that the Indemnified Party is entering
into this Agreement with full knowledge of the contents hereof, of the Indemnified Party’s own free will and with full capacity
and authority to do so.

 

    - 5 -

     

    

 

20. Execution and Delivery.
This Agreement may be executed by the parties in counterparts and may be executed and delivered by facsimile and all such counterparts
and facsimiles together will constitute one and the same agreement.

 

[Signature Page Follows]

 

    - 6 -

     

    

 

IN WITNESS WHEREOF the
parties hereto have executed this Agreement as of the date first written above.

 

	 	MEDMEN ENTERPRISES INC.
	 	 	 
	 	By:	               
	 	 	Name: 
	 	 	
    Title:

     

    Accepted:

     

    _____________________________________

    

 

    - 7 -EX-10.1

 Exhibit 10.1 

PARAGON 28, INC. 

PRESIDENT AND CHIEF EXECUTIVE OFFICE EMPLOYMENT AGREEMENT 

This Employment Agreement (“Agreement”) is made between Paragon 28, Inc., 14445 Grasslands Dr., Englewood, Colorado 80112
(“P28”) and Albert DaCosta, *** (“Employee”), effective January 1, 2020. 
 1. Employee shall serve as President and
Chief Executive Officer. Employee is a fiduciary and shall use his full time to faithfully, with diligence, and to the best of his ability, experience, and talents, perform all the duties that may be required of his position. Employee is an
“Indemnified Officer” pursuant to Article X, Section 1 (c) of the Bylaws of P28, which designation shall not be changed. No bond shall be required of Employee. Employee’s place of employment is Englewood, Colorado and shall not
be changed more than 50 miles without his express consent. 
 2. Employee shall report to the Board of Directors of P28. 

3. The term of this Agreement shall begin as of the Effective Date and shall terminate upon the expiration of five years thereafter unless
terminated earlier pursuant to cause. 
 4. P28 shall have the right to terminate employment upon fifteen days prior written notice if
Employee fails to remedy a breach of this Agreement. P28 shall set forth in the notice the facts underlying its claim that Employee is in breach. Remedy of such breach within the fifteen-day period after the
receipt of such notice shall prevent termination. P28 shall have the right to terminate this Agreement immediately upon notice to Employee upon the occurrence of any of the following situations: (1) a person’s health or safety is in
imminent and serious danger from Employee’s actions; (2) death of Employee; (3) conviction of Employee of any felony or criminal of moral turpitude; (4) if Employee does anything to harm the business reputation of P28; or
(5) if any representation, warranty, or covenant of Employee hereunder is or becomes false. 
 5. Employee shall not engage in any other
employment, consulting, or other business activity without the written consent of the Board of Directors. Employee may engage in charitable, civic, religious, political, and personal activities and, subject to prior approval of P28’s Board of
Directors, serve as a member of the board of directors of non-competitive companies; provided that, in each such case or in the aggregate, such activities do not, in the reasonable judgment of the Board of
Directors, interfere with Employee’s ability to perform the duties of his position. Employee may make personal investments in non-competitive companies and may own up to 1% of any class of securities of
any company in competition with P28 that is traded on a national securities exchange or through NASDAQ. 
 6. Employee shall receive an
annual base salary of $590,000 paid in bi-weekly installments. 
 7. Upon meeting certain
requirements as reasonably determined by the Board of Directors, Employee will be eligible to receive certain bonus amounts during each calendar year of this Agreement. Employee may be advised in writing of the specifics regarding all such bonuses
during the Term of this Agreement. 
  

 8. Employee will be eligible for all P28 benefits provided to its full-time employees
including medical, dental, vision, life insurance, accident and disability plans, and 401(k) retirement savings plan. 
 9. P28 may reimburse
certain employment-related business expenses, approved in advance, subject to P28’s policies and procedures. 
 10. Employee shall not
directly or indirectly make any representation, statement, or disclosure of a material fact relating to or affecting P28’s interests that is deceptive, misleading, or false in form or content. 

11. Employee shall not engage in unlawful inducement, meaning the prohibitions of the federal Anti-Kickback Statute and any other applicable
state anti-kickback statutes. Employee shall comply with all other applicable federal, state, and local laws and regulations in the solicitations of sales and provision of services hereunder, including those regulations promulgated by the
Food & Drug Administration, the Health Insurance Portability and Accountability Act of 1996 as amended, the Physician Payment Sunshine Act provisions of the Patient Protection and Affordable Care Act, and all laws and regulations requiring
Employee to possess any license, permit, or other documentation in order to lawfully carry out his duties hereunder. Employee shall keep himself aware of and in compliance with all changes in such laws and regulations. Employee shall comply with all
applicable rules and regulations of P28, and the policies and procedures of P28 as are in effect from time-to-time and meet all training requirements established by P28.

 12. Employee acknowledges that P28 has certain reporting requirements under the federal law commonly referred to as the Physician Payments
Sunshine Act. Employee must monthly report in writing to P28 any monies expended on Covered Recipients. Employee shall comply with the specific information requests and process requirements for such reporting and shall indemnify, defend, and hold
P28 harmless from any claim brought by any third party arising from any failure of Employee to properly report hereunder. Employee agrees to fully comply with P28’s Physician Payment Sunshine Act Policy. 

13. Employee represents that he has not been, and during the term of this Agreement shall not be: (i) sanctioned within the meaning of
Social Security Act Section 1128A or any amendments thereof; (ii) convicted of violating the federal Stark law, federal False Claims Act, federal Anti-Kickback statute, federal Health Insurance and Portability Act provisions, federal Civil
Monetary Penalties Law, federal Health Care Fraud Statute, Foreign Corrupt Practices Act, or similar state laws; or (iii) debarred, excluded, or suspended from participation in any federal or state health care program. 

14. Employee represents that he has not had, and during the term of this Agreement shall not have, a complaint filed against him by any
enforcement agency, which complaint alleges felony criminal acts of a violent nature; health care-related fraud, theft, or other financial misconduct; any offenses related to the delivery of items or services under Medicare, Medicaid, SCHIP, or
other state health care programs; engaging in unlawful kickback arrangements; or any crime relating to the practice of medicine. 

  
 2 

 15. Employee represents that he is not a party to any agreement with a third party, or
limited by a court order, containing a non-competition provision or other restriction which would preclude employment with P28 or any of the services which Employee will provide on P28’s behalf. Employee
represents that he either does not have or shall not use confidential, proprietary, or trade secret information of a former employer, not affiliated with P28, in the performance of his duties. Employee shall immediately notify P28 in writing if any
representation or warranty made in the Agreement becomes untrue. 
 16. In the event of a Change of Control, Employee shall receive
additional compensation equal to the sum of three times Employee’s annual base salary and three times all bonuses paid within the previous twelve months, to be paid within thirty days after the Change of Control. Said payment shall be
“grossed up” in order to compensate Employee for all federal and state tax liability due and owing on said amount. Change of Control means (i) any public report or notice is filed with any authority in the United States, or any public
announcement is made, that discloses that any person has become the beneficial owner, directly or indirectly, of 50 percent or more of the outstanding voting stock of P28; (ii) any person purchases securities pursuant to an offer for cash or
exchange of securities to acquire any voting stock of P28 (or any securities convertible into voting stock of P28) and, immediately after consummation of that purchase, that person is the beneficial owner, directly or indirectly, of 50 percent
or more of the outstanding voting stock of P28; (iii) the consummation of (a) a merger, stock exchange plan, consolidation, or reorganization of P28 with or into any other person if as a result of such merger, stock exchange plan,
consolidation, or reorganization, less than 50 percent of the combined voting power of the then-outstanding securities of such other person immediately after such merger, consolidation, or reorganization are held in the aggregate by the holders
of voting stock of P28 immediately prior to such merger, stock exchange plan, consolidation, or reorganization; (b) any sale, lease, exchange or other transfer of all or substantially all the assets of P28 and its consolidated subsidiaries to
any other person if as a result of such sale, lease, exchange, or other transfer, less than 50 percent of the combined voting power of the then-outstanding securities of such other person immediately after such sale, lease, exchange, or other
transfer are held in the aggregate by the holders of voting stock of P28 immediately prior to such sale, lease, exchange, or other transfer; or (c) a transaction immediately after the consummation of which any person (within the meaning of
Section 13(d) or Section l4(d)(2) of the Exchange Act) would be the beneficial owner (as that term is defined in Rule 13d-3or any successor rule or regulation promulgated under the Exchange Act), directly
or indirectly, of more than 50 percent of the outstanding voting stock of P28; or (iv) the dissolution of P28 is approved in accordance with the laws of the jurisdiction of formation of P28. In the event of a Change of Control, Employee
shall be permitted, but not required, to resign his employment upon six months’ notice to the new entity and shall not be required to forfeit his Change of Control payments and benefits. 

17. During the Term of this Agreement and all times after, Employee shall not disclose, use, or profit from any technological information
relating to the design or fabrication of the Products or other confidential information of P28, including P28 sales agent and representative names and contact information, business and marketing plans and strategies, customer lists, financial data,
processes, software, inventions, know-how, designs, formulas, test data, and pricing 

  
 3 

 
strategies or other subject matter pertaining to any business of P28, its customers, consultants, or licensees (collectively “Confidential Information”), other than strictly in
accordance with the terms of this Agreement. Employee shall treat all Confidential Information with the highest level of care. The terms of this Agreement are Confidential Information and shall not be disclosed to any third parties other than
Employee’s legal and financial advisors. Employee shall not allow the removal or defacement of any confidentiality or proprietary notice placed on the Products or other items of Confidential Information. 

18. Employee may be involved in the design, development, evaluation, improvement, or other activities relating to P28’s products and
business. Employee hereby absolutely and irrevocably transfers and assigns to P28 all of Employee’s right, title, and interest in all inventions, designs, improvements, discoveries, know-how, and other
trade secrets, and all patents, copyrights, and other intellectual property interests (collectively “Intellectual Property”) developed during the term of his employment with P28. Employee shall promptly and fully disclose to P28 all such
Intellectual Property. Employee shall assist P28, at P28’s expense, in obtaining patents and other registrations of Intellectual Property rights in the United States and in all foreign countries on all Intellectual Property deemed patentable or
otherwise protectable by P28, and shall execute all documents and do all things reasonably necessary to obtain such Intellectual Property protection, vest P28 with full and exclusive titles to such Intellectual Property rights, and protect the
rights against infringement by others. Employee acknowledges P28’s sole ownership of its product portfolio and all interests therein and acknowledges P28’s right to make, have made, use, sell, and market its products and the products of
other third parties without obligation to him. 
 19. Upon termination of employment, Employee shall return to P28 all products, Confidential
Information, tools, equipment, electronics, and other material furnished by P28. Employee shall provide P28 with all customer lists and related sales information with respect to the prior sales of the products. P28 may set off the value of any
unreturned items against any amounts due and owing Employee as of the date of termination of employment. 
 20. During employment and for one
year following termination of employment, Employee shall not participate in the solicitation of sales, provide technical assistance, or provide support for any products that P28 deems may be directly or indirectly competitive with P28’s
Products to any person or entity in the Territory. In order to allow P28 to make such determination, Employee shall notify P28 of any products Employee so intends to sell, assist, or support in the Territory during such one-year period prior to undertaking any such action. 
 21. During employment and for one year following
termination of employment, Employee shall not solicit any of P28’s employees or other sales agents or representatives for the purpose of being employed by or affiliated with Employee, or by any third party in which Employee or any of his family
members is an owner, member, partner, employee, or other business affiliate. 
 22. Employee acknowledges and agrees that the non-compete and non-solicitation covenants are ancillary to an otherwise enforceable agreement, specifically that of employment with the provision of specialized training,
education, and exposure to Confidential Information, both initially upon hire and throughout the term of employment, and that P28 would not have entered into or continued the employment relationship without Employee agreeing to be bound by such
covenants. 

  
 4 

 23. Employee acknowledges that any breach of his obligations under this Agreement with
respect to the proprietary rights, Confidential Information, non-compete, and non-solicitation will cause P28 irreparable injury for which there are inadequate remedies
at law, and agrees that P28 shall be entitled to injunctive and other equitable relief in case of any such breach or attempted breach, and waives any requirement for the posting of any bond in connection with the obtaining of such relief. Employee
shall be liable for all of P28’s court costs, reasonable attorney fees, and other expenses arising out of any legal action under this Agreement in the event that P28 prevails in such action. 

24. Employee shall defend, indemnify, and hold harmless P28 for any negligent or intentional acts of Employee which cause damage to P28 or any
third party, and for bodily injury or property damage as a result of Employee’s actions, including commercial loss of any kind. 
 25.
This Agreement shall be binding upon and inure to the benefit of P28, its subsidiaries, affiliates, successors, and assigns. Employee may not assign any rights or obligations under this Agreement. 

26. This Agreement shall be construed in accordance with and governed by the laws of the State of Colorado, without giving effect to its
conflicts of law provisions. The exclusive venue and forum for any disputes arising hereunder shall be the courts of competent jurisdiction sitting in Denver, Denver County, Colorado and the parties hereto expressly consent to such jurisdiction.

 27. This Agreement shall supersede any other prior agreement with respect to the subject matter hereof, whether oral or written. This
Agreement may not be changed except in writing signed by both parties. The invalidity of any term or provision of this Agreement shall not invalidate or otherwise affect any other term or provision of this Agreement. 

28. This Agreement may be executed in multiple counterparts, each of which shall be considered an original for any and all purposes and all of
which together shall constitute one and the same instrument. 
 WHEREFORE, the Parties have executed this Agreement as of the Effective Date
as evidenced by their signatures below. 
  

					
	Paragon 28, Inc.	 		  	Employee
			
	 /s/ James Riegler
	 		  	 /s/ Albert DaCosta

	James Riegler	 		  	Albert DaCosta
	Member, Board of Directors	 		  	
		 		  	Date: Jan. 10, 2020

  
 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00333-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00333-of-00352.parquet"}]]