Document:

Exhibit 10.3

 

Execution
Version

 

 

 

 

December
10, 2020

   

Neos
Therapeutics, Inc.

2940 N. Hwy 360, Suite 400

Grand Prairie, Texas 75050

Attention: Richard Eisenstadt

 

Aytu
Bioscience, Inc.

373 Inverness Parkway, Suite 206

Englewood, Colorado 80112

Attention: Joshua Disbrow

 

		Re:	Commitment
                                         Letter

 

Ladies
and Gentlemen:

 

Reference
is made to that certain Loan and Security Agreement dated as of October 2, 2019 (as amended, restated, supplemented or otherwise
modified from time to time, the “Loan Agreement”), by and among NEOS THERAPEUTICS, INC., a Delaware corporation
(“Company”), NEOS THERAPEUTICS BRANDS, LLC, a Delaware limited liability company (“NT Brands”),
NEOS THERAPEUTICS, LP, a Texas limited partnership (“NT LP”; together with Company, NT Brands and each
other Person who joins this Agreement as a borrower from time to time, each a “Borrower” and collectively
the “Borrowers”), NEOS THERAPEUTICS COMMERCIAL, LLC, a Delaware limited liability company (“NT
Commercial”), and PHARMAFAB TEXAS, LLC, a Texas limited liability company (“NT PharmaFab”),
as Loan Party Obligors, the Lenders party thereto from time to time and ENCINA BUSINESS
CREDIT, LLC, as agent for the Lenders (in such capacity, “Agent”). Capitalized terms used but not
defined herein shall have the meanings given to them in the Loan Agreement.

 

Borrowers
have informed Agent and Lenders that Company desires to enter into that certain Merger Agreement of even date herewith by and
among Company, Aytu Bioscience, Inc., a Delaware corporation (“Aytu”), and Neutron Acquisition Sub, Inc.,
a Delaware corporation, dated as of the date hereof (the “Merger Agreement”), pursuant to which, subject
to the terms and conditions set forth therein, Aytu intends to acquire the Company such that, after giving effect to such merger,
Company and each other Loan Party shall be wholly-owned direct or indirect subsidiaries of Aytu (the “Proposed Merger
Transaction”). Absent the consent of Agent and Lenders, consummation of the Proposed Merger Transaction would constitute
an Event of Default under Section 11.1(l) of the Loan Agreement. Borrowers have requested that Agent and Lenders provide their
consent to the entry into and consummation by the Borrowers of the Proposed Merger Transaction.

 

     

     

    

 

In
addition, Borrowers have informed Agent and Lenders that, in connection with the Proposed Merger Transaction, Borrowers desire
to (i) issue a Unsecured Convertible Promissory Note to Aytu in
a maximum principal amount of up to $5,000,000 (the “Specified Subordinated Note”), (ii) upon consummation
of the Proposed Merger Transaction, make a prepayment of up to $15,000,000 of principal
in respect of the Term Loan Debt plus any interest thereon that would have otherwise accrued through May 11, 2021 (collectively,
the “Specified Term Loan Prepayment”) and (iii) make certain modifications to the Term Loan Debt, which
are described in the letter agreement, dated as of the date hereof, among the Company, Aytu and Deerfield Private Design Fund
II, L.P. and Deerfield Partners, L.P (in the form attached hereto as Exhibit B, the “Term Loan Debt Commitment
Letter”). Absent the consent of Agent and Lenders, these transactions
would be prohibited under the terms of the Loan Agreement and the Term Loan Intercreditor Agreement, respectively.

 

Borrowers
have requested that Agent and Lenders, (1) provide their consent to the incurrence of indebtedness under the Specified Subordinated
Note, and (2) on the Closing Date (as defined in the Merger Agreement), (a) provide their consent to (i) the change of control
that will result from the consummation of the Proposed Merger Transaction in accordance with the Merger Agreement, (ii) the making
of the Specified Term Loan Prepayment and (iii) the modifications to the Term Loan Debt as contemplated under the Term Loan Debt
Commitment Letter and (b) irrevocably waive (i) the “going concern” Event of Default under Section 7.15(a) of the Loan
Agreement (as more specifically described in that certain letter agreement by and among Agent, Lenders, Borrowers and Loan Party
Obligors dated as of the date hereof) (the “Specified Default”) and (ii) the right to impose the Default
Rate of interest under Section 3.1 of the Loan Agreement, or to collect interest accruing at such Default Rate that Lenders had
a lawful right to collect or apply with respect to any such Specified Default (the consents, waivers and modifications described
in clauses (2)(a)(i) – (a)(iii) and clause (2)(b), the “Closing Date Modifications”).

 

Proposed
Merger Transaction Consent

 

Agent
and Lenders hereby consent, notwithstanding anything contained in the Loan Agreement, the Term Loan Intercreditor Agreement or
any other Loan Document to the contrary, to the entry into and consummation by the Borrowers of the Proposed Merger Transaction
in accordance with the terms of the Merger Agreement; provided, that, it is expressly agreed and understood that no payment
in respect of the “Company Termination Fee” (as defined in the Merger Agreement) shall be made by Borrower or any other
Loan Party, and no payment by Borrower or any other Loan Party of such Company Termination Fee shall be accepted by Aytu or any
of its affiliates, unless the Payment Conditions are satisfied after giving effect to such payment (with it being further agreed
and understood that any payment of such Company Termination Fee shall be deemed to be a payment of the type described in clause
(i) or (ii) of the definition of Payment Conditions for purposes of such condition); provided, further, that, in the event
such payment of the Company Termination Fee is required to be deferred pursuant to the foregoing proviso, Borrowers may pay such
Company Termination Fee at the time when such Payment Conditions may otherwise be satisfied after giving effect thereto (or, if
it has not been paid before such date, upon the payment in full of all Obligations under, and termination of, the Loan Agreement).
Notwithstanding any of the foregoing, Borrower acknowledges that the above proviso does not relieve it, and nothing in this letter
agreement constitutes a waiver of, its ultimate obligation to Aytu to pay the Company Termination Fee pursuant to the requirements
of the Merger Agreement (subject to the terms hereof).

 

Specified
Subordinated Note Consent

 

Agent
and Lenders hereby consent, notwithstanding anything contained in the Loan Agreement, the Term Loan Intercreditor Agreement or
any other Loan Document to the contrary, to incurrence of unsecured indebtedness under the Specified Subordinated Note provided
that such indebtedness is incurred on terms and conditions set forth in the form of note attached hereto as Exhibit C and
subject to the terms of subordination set forth in the form of subordination agreement attached hereto as Exhibit D (it
being agreed and understood that (1) the Specified Subordinated Note will have a scheduled maturity date at least 180 days after
the Maturity Date under the Loan Agreement, (2) payment in kind and repayment in the form of common stock of the Company or other
qualified capital stock of Company, or any convertible debt that is subject to the same subordination terms, shall be permitted,
but no cash payments shall be permitted to be made under the Specified Subordinated Note until the Obligations have been paid
in full, and (3) the Specified Subordinated Note shall be subject to a permanent standstill on remedies until the Obligations
have been paid in full). The foregoing is a limited consent and, except as expressly set forth in this letter agreement, the foregoing
consent shall not constitute (a) a modification or alteration of the terms, conditions or covenants of the Loan Agreement or any
other Loan Document, or (b) a waiver, release or limitation upon the exercise by Agent or any Lender of any of its rights, legal
or equitable, thereunder.

 

    -2-

     

    

 

Closing
Date Modifications

 

In
consideration of the foregoing, Agent and Lenders hereby commit, in each case notwithstanding anything contained in the Loan Agreement,
the Term Loan Intercreditor Agreement or any other Loan Document, solely to (i) pursuant to a consent, waiver or other amendment
to the Loan Agreement and/or the Term Loan Intercreditor Agreement, respectively, in forms mutually acceptable to Agent, Borrowers
and the holders of the Term Loan Debt (the “Loan Modification Documents”), subject only to the conditions
set forth in the following paragraph, (a) consent to the change of control that will result from the consummation of the Proposed
Merger Transaction in accordance with the Merger Agreement, (b) consent to the making of the Specified Term Loan Prepayment to
the extent such prepayment is funded solely with proceeds of the Proposed Merger Transaction or otherwise provided by Aytu (and
not, for the avoidance of doubt, funded with any cash on hand of Company or any other Loan Party), (c) consent to the modifications
to the Term Loan Debt as contemplated under the Term Loan Debt Commitment Letter, and (d) irrevocably waive (1) the Specified
Default (but not, for the avoidance of doubt, any other Event of Default that may occur and be continuing at any time) and (2)
the right to impose the Default Rate of interest under Section 3.1 of the Loan Agreement, or to collect interest accruing at such
Default Rate that Lenders had a lawful right to collect or apply with respect to any such Specified Default (but not, for the
avoidance of doubt, any other Event of Default that may occur and be continuing at any time), and (ii) promptly and duly take,
execute, acknowledge and deliver (or cause each other applicable Person to take, execute, acknowledge and deliver) all such further
acts, documents, agreements and instruments as Borrower Representative and the holders of the Term Loan Debt may from time to
time reasonably request in order to carry out the intent and purposes of this letter agreement and the transactions contemplated
hereby. The Loan Modification Documents shall be negotiated in good faith. Except as otherwise agreed to by Agent and Lenders
(but subject solely to the conditions set forth herein), (A) the Loan Modification Documents shall be limited to such consents,
amendments, waivers, supplements or other modifications as may be necessary to carry out the express terms and provisions of this
letter agreement and the transactions contemplated hereby and (B) the Loan Agreement and the other Loan Documents shall otherwise
remain unmodified and as in effect on the date hereof.

 

Conditions

 

Agent
and Lenders’ commitment hereunder is subject solely to (i) consummation of the Proposed Merger Transaction in accordance with
the terms of the Merger Agreement without giving effect to any waiver, amendment or other modification to the Merger Agreement,
other than any waiver, amendment or other modifications that are not materially adverse to Agent and Lenders (as reasonably determined
by Agent in good faith), which amendment or other modification has not been approved in writing by Agent (which approval will
not be unreasonably withheld, conditioned or delayed), (ii) execution and delivery by each Loan Party of the Loan Modification
Documents and all such further documents, agreements and instruments as Agent may from time to time reasonably request in order
to carry out the intent and purposes of this letter agreement and the transactions contemplated hereby, (iii) execution and delivery
of the definitive documentation of the modifications described in the Term Loan Debt Commitment Letter on terms reasonably satisfactory
to Agent and Lenders, and (iv) no Loan Party shall have agreed to any waiver, consent or other modification that would result
in the waiver of payment or deferral of payment of the scheduled principal payment due on May 11, 2021 under the Term Loan Debt
without the prior written consent of Agent (which consent shall not be unreasonably withheld, delayed or conditioned). If, for
any reason, the Merger Agreement is terminated prior to the consummation of the Proposed Merger Transaction, then this letter
agreement, other than the consent under the heading “Specified Subordinated Note Consent”, shall automatically terminate
and shall be of no further force or effect.

 

    -3-

     

    

 

Miscellaneous

 

By
their acceptance of this letter agreement, each of Aytu and each Loan Party expressly acknowledge and agree that neither Agent
nor any Lender has waived, and has no intention of waiving, any Events of Default which may be continuing on the date hereof or
any Events of Default which may occur after the date hereof, or any of their rights and remedies in respect of any such Events
of Default, and nothing contained herein shall limit, condition, restrict or otherwise modify in any respect Agent’s or any Lender’s
exercise of rights and remedies under the Loan Agreement and the other Loan Documents as a result of any such Event of Default.
Agent and Lenders have not agreed to forbear with respect to any of their rights and remedies concerning any Event of Default
which may have occurred or be continuing as of the date hereof, or which may occur after the date hereof, and Agent and each Lender
reserve the right, in its discretion, to exercise any or all of its rights under the Credit Agreement, the other Loan Documents
and applicable law at any time.

 

Borrowers
expressly acknowledge and agree that Section 10.3 (Indemnity) and Section 15.7 (Expenses, Fee and Cost Reimbursement) of
the Loan Agreement apply to this letter agreement and the transactions contemplated hereby, and that such provisions shall survive
termination or expiration of this letter agreement regardless of whether the Proposed Merger Transaction is consummated.

 

This
letter agreement shall not be assignable by you without the prior written consent of Agent (and any purported assignment without
such consent shall be null and void), and is solely for the benefit of the parties hereto and is not intended to confer any benefits
upon, or create any rights in favor of, any person other than the parties hereto.

 

This
letter may be executed in any number of separate counterparts (including electronic and facsimile counterparts), each of which
when executed and delivered shall be deemed to be an original, and all of which shall collectively and separately constitute one
agreement. Delivery of an executed counterpart of a signature page of this letter agreement by facsimile or electronic mail shall
be as effective as delivery of a manually executed counterpart of this letter agreement. The words “execution,” “signed,”
“signature,” “delivery,” and words of like import in or relating to any document to be signed in connection
with this letter agreement and the transactions contemplated hereby shall be deemed to include electronic signatures, deliveries
or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a
manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to
the extent and as provided for in any applicable law, the Federal Electronic Signatures in Global and National Commerce Act, the
New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions
Act.

 

The
terms of this letter may not be changed except pursuant to a writing signed by the parties hereto. This letter shall be governed
by the internal laws of the State of New York (including Section 5-1401 of the General Obligations Law of the State of New York),
without regard to conflicts of laws principles that would require application of another law.

 

The
parties hereto consent and agree that the state or federal courts located in Cook County, State of Illinois, shall have exclusive
jurisdiction to hear and determine any claims or disputes between or among any of the parties hereto pertaining to this letter
and the transactions relating hereto. The parties hereto expressly submit and consent in advance to such jurisdiction in any action
or suit commenced in any such court, and hereby waive any objection, which each of the parties may have based upon lack of personal
jurisdiction, improper venue or inconvenient forum.

 

THE
PARTIES HERETO, TO THE EXTENT PERMITTED BY LAW, WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING ARISING OUT
OF, IN CONNECTION WITH OR RELATING TO, THIS LETTER AGREEMENT AND ANY TRANSACTION RELATED HERETO. THIS WAIVER APPLIES TO ANY ACTION,
SUIT OR PROCEEDING WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE.

 

[Signature
Pages Follow]

 

    -4-

     

    

  

	 	Sincerely,
	 	 
	 	ENCINA BUSINESS CREDIT, LLC, 

as Agent
	 	 
	 	By: 	 /s/ David J. Clark
	 	Name:	David J. Clark
	 	Title: 	Authorized Signatory

  

	 	ENCINA BUSINESS CREDIT SPV, LLC,

as sole Lender
	 	 
	 	By: 	/s/ David J. Clark
	 	Name: 	David J. Clark
	 	Title: 	Authorized Signatory

 

Agreed
to and accepted as of the date first written above:

 

	NEOS THERAPEUTICS, INC.,	 
	in its capacity as Borrower Representative	 
	 	 	 
	By: 	/s/ Richard Eisenstadt	 
	Name:  	Richard Eisenstadt	 
	Title: 	Chief Financial Officer	 
	 	 	 
	AYTU BIOSCIENCES, INC.	 
	 	 	 
	By: 	/s/ Josh Disbrow	 
	Name:	Josh Disbrow	 
	Title:	Chief Executive Officer	 

 

[Signature
Page to Commitment Letter]

 

     

     

    

 

Exhibit
A

 

Form
of Merger Agreement

 

(attached)

 

     

     

    

 

Exhibit
B

 

Form
of Term Loan Debt Commitment Letter

 

(attached)

 

     

     

    

 

Exhibit
C

 

Form
of Specified Subordinated Note

 

(attached)

 

     

     

    

 

Exhibit
D

 

Form
of Subordination Agreement

 

(attached)Exhibit 10.4

 

VOTING AND
Support AGREEMENT

for parent
Securityholders

 

THIS VOTING AND SUPPORT
AGREEMENT (this “Agreement”) is made and entered into as of December 10, 2020, by and among Neos Therapeutics,
Inc., a Delaware corporation (the “Company”), and the stockholders of Aytu Bioscience Inc., a Delaware corporation
(“Parent”) listed on Schedule A hereto (“Securityholder”). Capitalized terms used
but not defined herein are used as they are defined in the Merger Agreement (as defined below).

 

RECITALS:

 

A.       Securityholder
owns beneficially and of record the shares of capital stock of Parent as set forth opposite Securityholder’s name on Schedule
A hereto (such shares of capital stock, together with any other shares of capital stock of the Company or Parent acquired by
Securityholder after the date hereof and during the term of this Agreement, being collectively referred to herein as the “Subject
Securities”).

 

B.       Upon
the satisfaction or waiver of the terms and conditions of the Agreement and Plan of Merger by and among Parent, Merger Sub and
the Company, dated as of the date hereof (as amended, restated or supplemented from time to time, the “Merger Agreement”),
Merger Sub will be merged with and into the Company, with the Company to be the surviving corporation of such merger (the “Merger”).

 

C.       In
order to induce the Company to enter into the Merger Agreement and in consideration of the execution thereof by the Company and
to enhance the likelihood that the Merger and the other transactions contemplated by the Merger Agreement (collectively, the “Transactions”)
will be consummated, Securityholder, solely in Securityholder’s capacity as holder of the Subject Securities, has entered
into this Agreement and agrees to be bound hereby.

 

     

     

    

 

NOW THEREFORE, in consideration of the promises
and the covenants and agreements set forth below, and for good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereby agree as follows:

 

1.       No
Transfer of Subject Securities. During the term of this Agreement, Securityholder shall not cause or permit any Transfer (as
defined below) of any of the Subject Securities or enter into any agreement, option or arrangement with respect to a Transfer of
any of the Subject Securities. Following the date hereof and except as required by this Agreement, Securityholder shall not deposit
(or permit the deposit of) any Subject Securities in a voting trust or grant any proxy or enter into any voting agreement or similar
agreement with respect to any of the Subject Securities or in any way grant any other Person any right whatsoever with respect
to the voting or disposition of the Subject Securities. For purposes hereof, a Person shall be deemed to have effected a “Transfer”
of Subject Securities if such Person directly or indirectly: (a) sells, pledges, encumbers, grants an option with respect to, transfers,
assigns, or otherwise disposes of any Subject Securities, or any interest in such Subject Securities; or (b) enters into an agreement
or commitment providing for the sale of, pledge of, encumbrance of, grant of an option with respect to, transfer of or disposition
of such Subject Securities or any interest therein. Notwithstanding the foregoing, Securityholder may make (1) transfers by will
or by operation of Law or other transfers for estate-planning purposes, in which case this Agreement shall bind the transferee,
(2) with respect to Securityholder’s Parent Options which expire on or prior to the termination of this Agreement, transfers,
sale, or other disposition of Subject Securities to Parent as payment for the (i) exercise price of Securityholder’s Parent
Options and (ii) taxes applicable to the exercise of Securityholder’s Parent Options, (3) with respect to Securityholder’s
Parent RSUs, (i) transfers for the net settlement of Securityholder’s Parent RSUs settled in Subject Securities (to pay any
tax withholding obligations) or (ii) transfers for receipt upon settlement of such Securityholder’s Parent RSUs, and the
sale of a sufficient number of such Subject Securities acquired upon settlement of such securities as would generate sales proceeds
sufficient to pay the aggregate taxes payable by Securityholder as a result of such settlement, (4) if Securityholder is a partnership
or limited liability company, a transfer to one or more partners or members of Securityholder or to an Affiliated corporation,
trust or other entity under common control with Securityholder, or if Securityholder is a trust, a transfer to a beneficiary, provided
that in each such case the applicable transferee has signed a voting agreement in substantially the form hereof, (5) transfers
to another holder of the capital stock of Parent that has signed a voting agreement in substantially the form hereof or (6) pursuant
to a Rule 10b5-1 trading plan in effect as of the date hereof. If any voluntary or involuntary transfer of any Subject Securities
covered hereby shall occur (including a transfer or disposition permitted by Section 1(1) through Section 1(6), sale by a Securityholder’s
trustee in bankruptcy, or a sale to a purchaser at any creditor’s or court sale), the transferee (which term, as used herein,
shall include any and all transferees and subsequent transferees of the initial transferee) shall take and hold such Subject Securities
subject to all of the restrictions, liabilities and rights under this Agreement, which shall continue in full force and effect,
notwithstanding that such transferee is not a Securityholder and has not executed a counterpart hereof or joinder hereto.

 

2.       Agreement
to Vote Shares. At any meeting of stockholders of Parent or at any adjournment thereof, in any action by written consent or
in any other circumstances upon which Securityholder’s vote, consent or other approval is sought, Securityholder shall vote
(or cause to be voted), as applicable, all of the Subject Securities that are then entitled to be voted: (i) in favor of: (1) the
Parent Stock Issuance, and (2) any proposal to adjourn or postpone such meeting of stockholders of Parent to a later date if there
are not sufficient votes to approve the Parent Stock Issuance; and (ii) against (1) any Parent Acquisition Proposal, or any of
the transactions contemplated thereby, (2) any action, proposal, transaction, or agreement which could reasonably be
expected to result in a breach of any covenant, representation or warranty, or any other obligation or agreement of Parent
under the Merger Agreement or of Securityholder under this Agreement, and (3) any action, proposal, transaction,
or agreement that could reasonably be expected to impede, interfere with, delay, discourage, adversely affect, or inhibit
the timely consummation of the Transactions or the fulfillment of Parent or Merger Sub’s conditions under the Merger Agreement or
change in any manner the voting rights of any class of shares of Parent (including any amendments to the Parent Charter
or Parent Bylaws).

 

Securityholder agrees
that the Subject Securities that are entitled to be voted shall be voted (or caused to be voted) as set forth in the preceding
sentence whether or not such Securityholder’s vote, consent or other approval is sought on only one or on any combination
of the matters set forth in this Section 2 and at any time or at multiple times during the term of this Agreement.

 

    2

     

    

 

3.       Opportunity
to Review. Securityholder acknowledges receipt of the Merger Agreement and represents that he, she, or it has had (i) the opportunity
to review, and has read, reviewed and understands, the terms and conditions of the Merger Agreement and this Agreement, and (ii)
the opportunity to review and discuss the Merger Agreement, the Transactions and this Agreement with his, her or its own advisors
and legal counsel.

 

4.       Confidentiality
and Public Disclosure. From the date of this Agreement until the Closing, none of the Securityholder or the Company shall make
any public announcements regarding this Agreement, the Merger Agreement or the transactions contemplated hereby or thereby; provided,
however, that nothing herein shall be deemed to prohibit such public announcement (i) that the Company and Parent agree
upon, (ii) that either the Company or Parent deems necessary or appropriate under applicable Laws or (iii) required by obligations
pursuant to any listing agreement with any national securities exchange or stock market.

 

5.       Representations
and Warranties of Securityholder. Securityholder hereby represents and warrants as follows:

 

(a)       Securityholder
(i) is the record and beneficial owner of the Subject Securities, free and clear of any liens, adverse claims, charges or other
encumbrances of any nature whatsoever (other than pursuant to (x) restrictions on transfer under applicable securities laws, or
(y) this Agreement), and (ii) does not beneficially own any securities of Parent (including options, warrants or convertible securities)
other than the Subject Securities.

 

(b)       Except
with respect to obligations under Parent’s Bylaws, as applicable, Securityholder has the sole right to Transfer, to vote
(or cause to vote) and to direct (or cause to direct) the voting of the Subject Securities, and none of the Subject Securities
are subject to any voting trust or other agreement, arrangement or restriction with respect to the Transfer or the voting of the
Subject Securities (other than restrictions on transfer under applicable securities laws), except as set forth in this Agreement.

 

(c)       Securityholder
(i) if not a natural person, is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization,
and (ii) has the requisite corporate, company, partnership or other power and authority to execute and deliver this Agreement,
to consummate the transactions contemplated hereby and to comply with the terms hereof. The execution and delivery by Securityholder
of this Agreement, the consummation by Securityholder of the transactions contemplated hereby and the compliance by Securityholder
with the provisions hereof have been duly authorized by all necessary corporate, company, partnership or other action on the part
of Securityholder, and no other corporate, company, partnership or other proceedings on the part of Securityholder are necessary
to authorize this Agreement, to consummate the transactions contemplated hereby or to comply with the provisions hereof.

 

(d)       This
Agreement has been duly executed and delivered by Securityholder, constitutes a valid and binding obligation of Securityholder
and, assuming due authorization, execution and delivery by the other parties thereto, is enforceable against Securityholder in
accordance with its terms, except as such enforceability may be limited by (i) bankruptcy, insolvency, reorganization, moratorium,
fraudulent transfer or other similar laws affecting or relating to creditors’ rights generally, and (ii) the availability
of injunctive relief and other equitable remedies.

 

    3

     

    

 

6.       No
Conflict. The execution and delivery of this Agreement, the consummation of the transactions contemplated hereby and compliance
with the provisions hereof do not and will not conflict with, or result in (i) any violation or breach of, or default (with or
without notice or lapse of time, or both) under, any provision of the organizational documents of Securityholder, if applicable,
(ii) any material violation or breach of, or default (with or without notice or lapse of time, or both) under any (A) statute,
Law, ordinance, rule or regulation or (B) judgment, order or decree, in each case, applicable to Securityholder or its properties
or assets, or (iii) any material violation or breach of, or default (with or without notice or lapse of time, or both) under any
material contract, trust, commitment, agreement, understanding, arrangement or restriction of any kind to which Securityholder
is a party or by which Securityholder or Securityholder’s assets are bound.

 

7.       Termination.
This Agreement shall terminate automatically upon the earliest of (a) the Effective Time, (b) such date and time as the Merger
Agreement shall be terminated in accordance with Article VIII thereof, (c) as to Securityholder, such date and time as (i) any
amendment or change to the Merger Agreement is effected without the Stockholder’s prior written consent that increases the
amount, or changes the form, of consideration payable under the Merger Agreement or (ii) any amendment or change to the Merger
Agreement is effected without Securityholder’s prior written consent that otherwise materially and adversely affects Securityholder
and (d) as to Securityholder, the written agreement of the Company and Securityholder. In the event of the termination of this
Agreement, this Agreement shall forthwith become null and void, there shall be no liability on the part of any of the parties,
and all rights and obligations of each party hereto shall cease; provided, however, that no such termination of this
Agreement shall relieve any party hereto from any liability for any Willful and Material Breach of any provision of this Agreement
prior to such termination.

 

8.       No
Solicitation. Subject to Section 9, Securityholder shall not, and shall cause its Subsidiaries not to, and shall
use it reasonable best efforts to cause its Affiliates and Representatives not to: (a) directly or indirectly solicit, seek, initiate,
knowingly encourage, or knowingly facilitate any inquiries regarding, or the making of, any submission or announcement of a proposal
or offer that constitutes, or could reasonably be expected to lead to, any Parent Acquisition Proposal; (b) directly or indirectly
engage in, continue, or otherwise participate in any discussions or negotiations regarding, or furnish or afford access to any
other Person any information in connection with or for the purpose of encouraging or facilitating, any proposal or offer that constitutes,
or could reasonably be expected to lead to, any Parent Acquisition Proposal; (c) enter into any agreement, agreement in
principle, letter of intent, memorandum of understanding, or similar arrangement with respect to a Parent Acquisition Proposal;
(d) solicit proxies with respect to a Parent Acquisition Proposal (other than the Transactions and the Merger Agreement)
or otherwise encourage or assist any Person in taking or planning any action that could reasonably be expected to compete with,
restrain, or otherwise serve to interfere with or inhibit the timely consummation of the Transactions in accordance with
the terms of the Merger Agreement; or (e) initiate a stockholders’ vote or action by written consent of Parent’s
stockholders with respect to a Parent Acquisition Proposal. Notwithstanding the foregoing, Securityholder may (and may permit its
Affiliates and its and its Affiliates’ Representatives to) participate in discussions and negotiations with any Person making
a Parent Acquisition Proposal (or its Representatives) with respect to such Parent Acquisition Proposal if: (i) Parent is engaging
in discussions or negotiations with such Person in accordance with Section 6.3 of the Merger Agreement; and (ii) Securityholder’s
negotiations and discussions are in conjunction with and ancillary to the Parent’s discussions and negotiations.

 

    4

     

    

 

9.       No Agreement as
Director or Officer. Securityholder makes no agreement or understanding in this Agreement in Securityholder’s
capacity as a director or officer of or Parent or any of their respective subsidiaries (if Securityholder holds such office), and
nothing in this Agreement: (a) will limit or affect any actions or omissions taken by Securityholder in Securityholder’s
capacity as such a director or officer, including in exercising rights under the Merger Agreement, and no such actions
or omissions shall be deemed a breach of this Agreement; or (b) will be construed to prohibit, limit, or restrict Securityholder
from exercising Securityholder’s fiduciary duties as an officer or director to Parent or their respective stockholders.

 

10.       Successors,
Assigns and Transferees Bound. Without limiting Section 1 hereof in any way, each Securityholder agrees that this Agreement
and the obligations hereunder shall attach to the Subject Securities from the date hereof through the termination of this Agreement
and shall, to the extent permitted by applicable Laws, be binding upon any Person to which legal or beneficial ownership of the
Subject Securities shall pass, whether by operation of law or otherwise, including Securityholder’s heirs, guardians, administrators
or successors, and Securityholder further agrees to take all reasonable actions necessary to effectuate the foregoing.

 

11.       Remedies.
Securityholder acknowledges that money damages would be both incalculable and an insufficient remedy for any breach of this Agreement
by it, and that any such breach would cause the Company irreparable harm. Accordingly, Securityholder agrees that in the event
of any breach or threatened breach of this Agreement the Company, in addition to any other remedies at law or in equity each may
have, shall be entitled to seek immediate equitable relief, including injunctive relief and specific performance, without the necessity
of proving the inadequacy of money damages as a remedy and without the necessity of posting any bond or other security, to prevent
breaches of this Agreement and to enforce specifically the terms and provisions hereof in any court of the United States or any
state having jurisdiction.

 

12.       
Notices. All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given
when personally delivered, or if sent by United States certified mail, return receipt requested, postage prepaid, shall be deemed
duly given on delivery by United States Postal Service, or if sent by e-mail or receipted overnight courier services shall be deemed
duly given on the Business Day received if received prior to 5:00 p.m. local time or on the following Business Day if received
after 5:00 p.m. local time or on a non-Business Day, addressed to the respective parties as follows: if to the Company, in accordance
with Section 9.2 of the Merger Agreement and if to Securityholder, to the address set forth on Schedule A hereto.

 

13.       Severability.
Any provision hereof that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to
the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
To the extent permitted by Law, each party hereby waives any provision of Law that renders any such provision prohibited or unenforceable
in any respect.

 

    5

     

    

 

14.       Entire
Agreement/Amendment. This Agreement (including the provisions of the Merger Agreement referenced herein) represent the entire
agreement of the parties with respect to the subject matter hereof and supersede all prior agreements and understandings, both
written and oral, among the parties with respect to the subject matter hereof. This Agreement may not be amended, modified, altered
or supplemented except by means of a written instrument executed and delivered by the parties hereto.

 

15.       Governing
Law. This Agreement, and all claims or causes of action (whether in contract, tort or otherwise) that may be based upon, arise
out of or relate to this Agreement or the negotiation, execution or performance of this Agreement, shall be governed by and construed
in accordance with the internal Laws of the State of Delaware without reference to its choice of law rules. Each party agrees that
any legal action or other legal proceeding relating to this Agreement or the enforcement of any provision of this Agreement shall
be brought or otherwise commenced exclusively in the Court of Chancery of the State of Delaware or any federal court of competent
jurisdiction in the State of Delaware. Each of the parties consents to service of process in any such proceeding in any manner
permitted by the Laws of the State of Delaware, and agrees that service of process by registered or certified mail, return receipt
requested, at its address specified pursuant to Section 13 of this Agreement is reasonably calculated to give actual notice.
Each party waives and agrees not to assert (by way of motion, as a defense or otherwise), in any such legal proceeding commenced
in such courts, any claim that such party is not subject personally to the jurisdiction of such courts, that such legal proceeding
has been brought in an inconvenient forum, that the venue of such proceeding is improper or that this Agreement or the subject
matter hereof or thereof may not be enforced in or by such courts. EACH PARTY HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY
IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT
OR THE ACTIONS OF SUCH PARTY IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT HEREOF.

 

16.       No
Agreement Until Executed. Irrespective of negotiations among the parties or the exchanging of drafts of this Agreement, this
Agreement shall not constitute or be deemed to evidence a Contract, agreement, arrangement or understanding between the parties
hereto unless and until (a) the Parent Board has approved, for purposes of any applicable anti-takeover Laws and regulations and
any applicable provision of the certificate of incorporation of the Company, the Merger Agreement and the Transactions, (b) the
Merger Agreement is executed by all parties thereto, and (c) this Agreement is executed by all parties hereto.

 

17.       Counterparts.
This Agreement may be executed by delivery of electronic signatures and in two or more counterparts, each of which shall be deemed
an original, and it shall not be necessary in making proof of this Agreement or the terms hereof to produce or account for more
than one of such counterparts.

 

[SIGNATURE
PAGES FOLLOW]

 

    6

     

    

 

In
Witness Whereof, the parties have caused this Agreement to be executed as of the date first above written.

 

	 	SECURITYHOLDER
	 	 	 
	 	By:	                                     
	 	Name: 	 

 

[Signature Page to Voting and Support Agreement]

 

     

     

    

 

In
Witness Whereof, the parties have caused this Agreement to be executed as of the date first above written.

 

	 	NEOS THERAPEUTICS, INC.
	 	 	 
	 	By:	                           
	 	Name: 	 
	 	Title:	 

 

[Signature Page to Voting and Support Agreement]

 

     

     

    

 

SCHEDULE A

 

	Directors and Named Officers	 	Number of Shares Beneficially Owned	 
	Joshua Disbrow	 	 	997,830	 
	David Green	 	 	524,580	 
	Michael Macaluso	 	 	202,843	 
	Gary Cantrell	 	 	162,878	 
	Carl Dockery	 	 	154,795	 
	John Donofrio	 	 	152,701	 
	Ketan Mehta	 	 	75,000	 
	Steve Boyd	 	 	0

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00317-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00317-of-00352.parquet"}]]