Document:

Exhibit 10.3

 

STOCKHOLDERS
AGREEMENT

This STOCKHOLDERS
AGREEMENT (this “Agreement”), dated as of April 15, 2015, is by and among (i) CollabRx, Inc., a Delaware corporation
(the “Company”), (ii) Thomas R. Mika (the “Continuing Stockholder”) and (iii) each of the
other Persons whose name appears on the signature pages hereto (each, a “New Stockholder” and, collectively,
the “New Stockholders”).

RECITALS

WHEREAS, the Company,
CollabRx Merger Sub, Inc., a Nevada corporation and a direct wholly owned subsidiary of the Company (“Merger Sub”),
and Medytox Solutions, Inc., a Nevada corporation (“Medytox”), are all of the parties to the Agreement and Plan
of Merger, dated as of even date herewith (as the same may be amended from time to time in accordance with the terms thereof, the
“Merger Agreement”), pursuant to which, among other things, Merger Sub will be merged with and into Medytox
(the “Merger”), with Medytox continuing as the surviving company and a direct wholly owned subsidiary of the
Company, on the terms and subject to the conditions set forth in the Merger Agreement;

WHEREAS, pursuant
to and subject to the terms and conditions of the Merger Agreement, each share of outstanding capital stock of Medytox (except
the Company Preferred Stock), par value $0.0001 per share, shall be converted in the Merger into the right to receive shares of
common stock, par value $0.01 per share, of the Company (the “Company Common Stock”);

WHEREAS, pursuant
to and subject to the terms and conditions of the Merger Agreement, upon consummation of the Merger and following the grant of
the Post-Closing Parent Options, the Continuing Stockholder is expected to continue to Beneficially Own shares of Company Common
Stock and/or options to purchase Company Common Stock;

WHEREAS, as an inducement
and a condition to entering into the Merger Agreement, , each of the parties to the Merger Agreement has requested that the Continuing
Stockholder and the New Stockholders enter into this Agreement with the Company; and

WHEREAS, the Company,
the Continuing Stockholder and the New Stockholders hereto wish to set forth in this Agreement certain terms and conditions regarding
the Continuing Stockholder’s ongoing rights relating to the governance of the Company.

NOW, THEREFORE,
in consideration of the foregoing and the mutual covenants, representations, warranties and agreements contained herein, and of
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be bound
hereby, the parties agree as follows:

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ARTICLE I

GOVERNANCE

1.1             
Size of the Board of Directors at the Closing. On or prior to the Closing Date, the Company’s board of directors
(the “Board”) shall take all action necessary and appropriate (including by amending the bylaws of the Company,
if necessary) to cause the number of directors on the Board to consist of seven (7) members as of the Closing Date.

1.2             
Continuing Composition of the Board of Directors.

(a)               
Following the Closing, subject to the other provisions of this Section 1.2 and Section 1.3, at each annual
or special meeting of the stockholders of the Company at which directors are to be elected to the Board, the Company will nominate
and use its commercially reasonable efforts (which shall, subject to Applicable Law, include the inclusion, in any proxy statement
prepared, used, delivered or publicly filed by the Company to solicit the vote of its stockholders in connection with any such
meeting, the recommendation of the Board that stockholders of the Company vote in favor of the slate of directors, including the
Continuing Stockholder Designees) to cause the stockholders of the Company to elect to the Board a slate of directors which includes,
prior to a Continuing Stockholder Rights Termination Event, the Continuing Stockholder Designees.

(b)              
Upon reasonable prior written notice by the Company, the Continuing Stockholder shall notify the Company of the identity
of the proposed Continuing Stockholder Designees in writing, by the time such information is reasonably requested by the Board
or the Corporate Governance Committee for inclusion in a proxy statement for a meeting of stockholders of the Company (which time
shall be concurrent with the request for such information from and otherwise consistent with the request for such information from
the other nominees), together with all information about the proposed Continuing Stockholder Designees as shall be reasonably requested
by the Board or the Corporate Governance Committee and of the type of information requested by the Board or the Corporate Governance
Committee of any other person nominated for election to the Board (including, at a minimum, any information regarding the proposed
Continuing Stockholder Designees to the extent required by applicable securities laws or for any other person nominated for election
to the Board).

(c)               
Subject to Section 1.2(b) and Section 1.3, so long as no Continuing Stockholder Rights Termination Event has
occurred, in the event of the death, disability, removal or resignation of any Continuing Stockholder Director, the Board will
promptly appoint as a replacement Continuing Stockholder Director, a new Continuing Stockholder Designee designated by the Continuing
Stockholder to fill the resulting vacancy, and such individual(s) shall then be deemed a Continuing Stockholder Director for all
purposes hereunder; provided, that, for the avoidance of doubt and notwithstanding anything to the contrary contained herein,
without limiting the rights of the Continuing Stockholder under this Section 1.2 with respect to subsequent annual or special
meetings of the stockholders of the Company at which directors are to be elected to the Board, neither the Company nor the Board
shall be under any obligation to appoint any Continuing Stockholder Designee to the Board in the event of the failure of a Continuing
Stockholder Designee to be elected to the Board at any annual or special meeting of the stockholders of the Company at which such
Continuing Stockholder Designees stood for election but was nevertheless not elected. So long as no Continuing Stockholder Rights
Termination Event has occurred, the Board shall not seek the removal of any Continuing Stockholder Director without the prior written
consent of the Continuing Stockholder, unless such Continuing Stockholder Director is no longer eligible for designation as a member
of the Board pursuant to Section 1.3; in which case the Board shall appoint as a replacement Continuing Stockholder Director
a new Continuing Stockholder Designee designated by the Continuing Stockholder.

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(d)              
The Company will at all times provide each Continuing Stockholder Director (in his or her capacity as a member of the Board)
with the same rights to indemnification and exculpation that it provides to the other members of the Board (in either case, if
any).

1.3             
Objection to Continuing Stockholder Designees.

Notwithstanding
the provisions of this Article I, the Continuing Stockholder will not be entitled to designate any Continuing Stockholder
Designees to the Board pursuant to this Article I in the event that the Board reasonably determines that (a) the election
of such Continuing Stockholder Designee to the Board would cause the Company to not be in compliance with Applicable Law or (b)
such Continuing Stockholder Designee has been involved in any of the events enumerated in Item 2(d) or (e) of Schedule 13D under
the Exchange Act or Item 401(f) of Regulation S-K under the Securities Act or is subject to any order, decree or judgment of any
Governmental Authority prohibiting service as a director of any public company or (c) such Continuing Stockholder Designee is not
reasonably acceptable to the Board or Corporate Governance Committee. In any such case described in clause (a), (b) or (c) of the
immediately preceding sentence, the Continuing Stockholder will withdraw the designation of such proposed Continuing Stockholder
Designee and, so long as no Continuing Stockholder Rights Termination Event has occurred, be permitted to designate a replacement(s)
therefor (which replacement Continuing Stockholder Designee will also be subject to the requirements of this Section 1.3).

1.4             
No Adverse Action; Voting Agreement.

(a)               
Until the occurrence of any Continuing Stockholder Rights Termination Event, without the prior written consent of the Continuing
Stockholder, except as required by Applicable Law, the Company shall not take any action to cause the amendment of its charter
or bylaws or corporate governance policies such that any of the Continuing Stockholder’s rights under this Article I
would not be given full effect; provided, that, for the avoidance of doubt, the foregoing shall not prohibit any increase
or decrease in the size of the Board to the extent such increase or decrease does not affect the Continuing Stockholder’s
rights to designate the Continuing Stockholder Designees to the Board.

(b)              
Until the Continuing Stockholder either no longer has any rights under this Article I to designate any Continuing
Stockholder Designees to serve on the Board or has irrevocably waived any such rights, each New Stockholder agrees to cause each
Voting Security Beneficially Owned by it to be voted in person or by proxy (returned sufficiently in advance of the deadline for
proxy voting for the Company to have the reasonable opportunity to verify receipt) mailed to the stockholders of the Company in
connection with the solicitation of any proxy (including, if applicable, through the execution of one or more written consents
if stockholders of the Company are requested to vote through the execution of an action by written consent in lieu of any such
annual or special meeting of stockholders of the Company) in favor of the Continuing Stockholder Designees nominated to serve as
directors of the Company by the Board or the Corporate Governance Committee. Subject to Sections 1.5 and 4.1, for
as long as Voting Securities are Beneficially Owned by any New Stockholder's Controlled Affiliates or (in the case of any New Stockholder
that is an individual) Immediate Family Members, such New Stockholder shall use its commercially reasonable efforts to cause the
applicable Controlled Affiliate or (if applicable) Immediate Family Member to vote such Voting Securities (in person or by proxy)
in the same manner as such New Stockholder would have been required to vote such same shares under this Section 1.4. For
avoidance of doubt, none of the terms of this Agreement shall restrict or otherwise limit the right of any New Stockholder to Transfer
any shares of Voting Securities or other capital stock of the Company or any interest therein, in all events free and clear of
any and all obligations or other requirements under this Agreement (except in the cases of Transfers to Controlled Affiliates or
(in the case of any New Stockholder that is an individual) Immediate Family Members to the extent provided under this Section
1.4).

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1.5             
Termination of Rights. Immediately upon the occurrence of any Continuing Stockholder Rights Termination Event, all
obligations of the Company and each New Stockholder with respect to the Continuing Stockholder and any Continuing Stockholder Director
or Continuing Stockholder Designees pursuant to this Article I shall forever terminate and, unless otherwise consented to
by a majority of the members of the Board (excluding the Continuing Stockholder Directors), the Continuing Stockholder shall cause
the Continuing Stockholder Directors to immediately resign from the Board.

ARTICLE II

REPRESENTATIONS AND WARRANTIES

2.1             
Representations and Warranties of the Continuing Stockholder. The Continuing Stockholder hereby represents and warrants
to the Company as follows:

(a)               
The Continuing Stockholder has all requisite power and authority to execute and deliver this Agreement, to perform his obligations
hereunder and to consummate the transactions contemplated by this Agreement. The execution and delivery by the Continuing Stockholder
of this Agreement, the performance by him of his obligations hereunder and the consummation by him of the transactions contemplated
by this Agreement have been duly and validly authorized by all necessary action on the part of the Continuing Stockholder and no
other actions or proceedings on his part are necessary to authorize the execution and delivery by him of this Agreement, the performance
by him of his obligations hereunder or the consummation by him of the transactions contemplated by this Agreement. This Agreement
has been duly executed and delivered by the Continuing Stockholder and, assuming this Agreement constitutes a valid and binding
obligation of the other parties hereto, constitutes a legal, valid and binding agreement of the Continuing Stockholder enforceable
against him in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium,
fraudulent transfer and similar laws of general applicability relating to or affecting creditors’ rights or by general equity
principles.

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(b)              
The execution, delivery and performance of this Agreement by the Continuing Stockholder do not and will not (i) contravene
or conflict with, or result in any violation or breach of, any Applicable Laws applicable to the Continuing Stockholder or by which
any of his assets or properties is bound or (ii) result in any violation, termination, cancellation or breach of, or constitute
a default (with or without notice or lapse of time or both) under, any note, bond, mortgage, indenture, contract, agreement, lease,
license, permit, franchise or other instrument or obligation to which the Continuing Stockholder is a party or by which he or any
of his assets or properties is bound, except for any of the foregoing that would not, individually or in the aggregate, reasonably
be expected to prevent, impair or delay the ability of the Continuing Stockholder to perform his obligations hereunder.

(c)               
The execution and delivery of this Agreement by the Continuing Stockholder does not, and the performance by the Continuing
Stockholder of his obligations under this Agreement and the consummation by him of the transactions contemplated by this Agreement
will not, require the Continuing Stockholder to obtain any consent, approval, authorization or permit of, or make any filing with
or notification to, any Governmental Authority or any other Person, except for any of the foregoing that would not, individually
or in the aggregate, reasonably be expected to prevent, impair or delay the ability of the Continuing Stockholder to perform his
obligations hereunder.

2.2             
Representations and Warranties of the New Stockholders. Each New Stockholder hereby represents and warrants to the
Company as follows with respect to itself solely:

(a)               
If not a natural person, it is duly organized, validly existing and in good standing under the laws of the jurisdiction
of its organization. It has all requisite power and authority to execute and deliver this Agreement, to perform its obligations
hereunder and to consummate the transactions contemplated by this Agreement. The execution and delivery by it of this Agreement,
the performance by it of its obligations hereunder and the consummation by it of the transactions contemplated by this Agreement
have been duly and validly authorized by all necessary action on its part and no other actions or proceedings on its part are necessary
to authorize the execution and delivery by it of this Agreement, the performance by it of its obligations hereunder or the consummation
by it of the transactions contemplated by this Agreement. This Agreement has been duly executed and delivered by it and, assuming
this Agreement constitutes a valid and binding obligation of the other parties hereto, constitutes a legal, valid and binding agreement
of it enforceable against it in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium, fraudulent transfer and similar laws of general applicability relating to or affecting creditors’ rights or by
general equity principles.

(b)              
The execution, delivery and performance of this Agreement by it do not and will not (i) if such New Stockholder is not a
natural person, contravene or conflict with, or result in any violation or breach of, any provision of its Organizational Documents,
(ii) contravene or conflict with, or result in any violation or breach of, any Applicable Laws applicable to it or by which any
of its assets or properties is bound or (iii) result in any violation, termination, cancellation or breach of, or constitute a
default (with or without notice or lapse of time or both) under, any note, bond, mortgage, indenture, contract, agreement, lease,
license, permit, franchise or other instrument or obligation to which it is a party or by which it or any of its assets or properties
is bound, except for any of the foregoing that would not, individually or in the aggregate, reasonably be expected to prevent,
impair or delay its ability to perform its obligations hereunder.

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(c)               
The execution and delivery of this Agreement by it does not, and the performance by such New Stockholder of its obligations
under this Agreement and the consummation by it of the transactions contemplated by this Agreement will not, require it to obtain
any consent, approval, authorization or permit of, or make any filing with or notification to, any Governmental Authority or any
other Person, except for any of the foregoing that would not, individually or in the aggregate, reasonably be expected to prevent,
impair or delay its ability to perform its obligations hereunder.

2.3             
Representations and Warranties of the Company. The Company hereby represents and warrants to the Continuing Stockholder
and each New Stockholder as follows:

(a)               
The Company is duly organized, validly existing and in good standing under the laws of the State of Delaware. The Company
has all requisite power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate
the transactions contemplated by this Agreement. The execution and delivery by the Company of this Agreement, the performance by
it of its obligations hereunder and the consummation by it of the transactions contemplated by this Agreement have been duly and
validly authorized by the Company and no other actions or proceedings on the part of the Company are necessary to authorize the
execution and delivery by it of this Agreement, the performance by it of its obligations hereunder or the consummation by it of
the transactions contemplated by this Agreement. This Agreement has been duly executed and delivered by the Company and, assuming
this Agreement constitutes a valid and binding obligation of the other parties hereto, constitutes a legal, valid and binding agreement
of the Company enforceable against it in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium, fraudulent transfer and similar laws of general applicability relating to or affecting creditors’
rights or by general equity principles.

(b)              
The execution, delivery and performance of this Agreement by the Company do not and will not (i) contravene or conflict
with, or result in any violation or breach of, any provision of the Organizational Documents of the Company, (ii) contravene or
conflict with, or result in any violation or breach of, any Applicable Laws applicable to the Company or by which any of its assets
or properties is bound or (iii) result in any violation, termination, cancellation or breach of, or constitute a default (with
or without notice or lapse of time or both) under, any note, bond, mortgage, indenture, contract, agreement, lease, license, permit,
franchise or other instrument or obligation to which the Company is a party or by which it or any of its assets or properties is
bound, except for any of the foregoing that would not, individually or in the aggregate, reasonably be expected to prevent, impair
or delay the ability of the Company to perform its obligations hereunder.

(c)               
The execution and delivery of this Agreement by the Company does not, and the performance by the Company of its obligations
under this Agreement and the consummation by it of the transactions contemplated by this Agreement will not, require the Company
to obtain any consent, approval, authorization or permit of, or make any filing with or notification to, any Governmental Authority
or any other Person, except for any of the foregoing that would not, individually or in the aggregate, reasonably be expected to
prevent, impair or delay the ability of the Company to perform its obligations hereunder.

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ARTICLE III

DEFINITIONS

3.1             
Defined Terms. The following capitalized terms, as used in this Agreement, shall have the meanings set forth below.
Capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Merger Agreement.

“Affiliate”
means, with respect to any Person, an “affiliate” as defined in Rule 405 promulgated under the Securities Act.

“Applicable
Law” means, with respect to any Person, any foreign, federal, state or local statute, law (including common law), ordinance,
rule, regulation, regulatory guideline having the force of law, order, writ, injunction, judgment or decree applicable to such
Person, its assets, properties, operations or business.

“Beneficial
Owner” or “Beneficially Own” has the meaning assigned to such term in Rule 13d-3 promulgated under
the Exchange Act, and a Person’s beneficial ownership of securities shall be calculated in accordance with the provisions
of such Rule (in each case, irrespective of whether or not such Rule is actually applicable in such circumstance).

“Business
Day” means a day on which banks are generally open for normal business in New York, New York, which day is not a Saturday
or a Sunday.

“Continuing
Stockholder Designees” means, subject to Section 1.3, two (2) individuals designated in writing by the Continuing
Stockholder for election or appointment to the Board, one of whom shall be a senior executive employed on a full time basis by
the Company and one of whom shall have no employment or other direct or indirect service relationship with the Company or any of
its Affiliates whatsoever and shall otherwise satisfy the criteria for an "independent director" under the rules of NASDAQ
and any other exchange on which shares of Company Common Stock are listed.

“Continuing
Stockholder Director” means the Continuing Stockholder Designees who have been elected to the Board.

“Continuing
Stockholder Rights Termination Event” shall be deemed to occur on the earliest of (a) the end of any Business Day following
the Closing Date on which the number of shares of Company Common Stock outstanding and/or underlying derivative securities (including
options) exercisable or convertible into Company Common Stock that is Beneficially Owned by the Continuing Stockholder and the
Continuing Stockholder's Controlled Affiliates and Immediate Family Members in the aggregate for any reason represents less than
the Minimum Equity Percentage, (b) the first (1st) anniversary of the date of this Agreement and (c) the date of termination
of the Continuing Stockholder's employment relationship with the Company or any Subsidiary for any reason.

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“Control”
means the possession, directly or indirectly, of the sole power to direct or cause the direction of the management and policies
of a Person, whether through the ownership of voting securities, by contract or otherwise.

“Controlled
Affiliate” means any Affiliate of the specified Person that is, directly or indirectly, Controlled by the specified Person.

“Corporate
Governance Committee” means the Corporate Governance Committee or the Nominating Committee of the Company, as applicable,
or any successor committee in respect of the foregoing.

“Encumbrance”
means any charge, pledge, option, mortgage, deed of trust, hypothecation, security interest, lien, claim, license, encroachment,
easement or defect or imperfection of title, or any right of first refusal or other restriction on use, voting or transfer, or
any other similar limitation, restriction or encumbrance.

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

“Governmental
Authority” means any federal, national, state, local, cantonal, municipal, international or multinational government
or political subdivision thereof, governmental department, commission, board, bureau, agency, taxing or regulatory authority, instrumentality
or judicial or administrative body, or arbitrator or self-regulatory organization, having jurisdiction over the matter or matters
in question.

“Immediate
Family Member” means a child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law,
father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, of a natural Person
referred to herein.

“Minimum
Equity Percentage” means such percentage of the outstanding shares of Company Common Stock on a Fully Diluted Basis represented
by 75% of the number of shares of Company Common Stock and/or derivative securities (including options) exercisable or convertible
therefor granted to the Continuing Stockholder out of the Post-Closing Parent Stock Options, calculated at the time the Post-Closing
Parent Stock Options are granted.

“Organizational
Documents” means any charter, certificate of incorporation, articles of association, bylaws, operating agreement or similar
formation or governing documents and instruments.

“Person”
means any individual, corporation, company, partnership (limited or general), joint venture, limited liability company, association,
trust or other entity.

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

“Total
Voting Power” means, as of any date of determination, the total number of votes that may be cast in the election of directors
of the Company if all Voting Securities then outstanding were present and voted at a meeting held for such purpose. The percentage
of the Total Voting Power Beneficially Owned by any Person as of any date of determination is the percentage of the Total Voting
Power of the Company that is represented by the total number of votes that may be cast in the election of directors of the Company
by Voting Securities then Beneficially Owned by such Person.

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“Transfer”
means (a) any direct or indirect offer, sale, lease, assignment, Encumbrance, pledge, hypothecation, disposition or other transfer
(by operation of law or otherwise), either voluntary or involuntary, or entry into any contract, option or other arrangement or
understanding with respect to any offer, sale, lease, assignment, encumbrance, pledge, hypothecation, disposition or other transfer
(by operation of law or otherwise), of any capital stock or interest in any capital stock or (b) in respect of any capital stock
or interest in any capital stock, to enter into any swap or any other agreement, transaction or series of transactions that hedges
or transfers, in whole or in part, directly or indirectly, the economic consequence of ownership of such capital stock or interest
in capital stock, whether any such swap, agreement, transaction or series of transaction is to be settled by delivery of securities,
in cash or otherwise.

“Voting
Securities” means shares of Company Common Stock and any other securities of the Company entitled to vote generally in
the election of directors of the Company.

ARTICLE IV

MISCELLANEOUS

4.1             
Term. This Agreement will be effective as of and contingent upon the Effective Time. This Agreement shall automatically
and irrevocably terminate upon (i) the termination of the Merger Agreement for any reason or (ii) the date that the New Stockholders,
collectively with their respective Controlled Affiliates and (in the case of any New Stockholders that are individuals) Immediate
Family Members, in the aggregate, Beneficially Own less than twenty five percent (25%) of the Total Voting Power for any reason.

4.2             
Notices. All notices and other communications hereunder shall be in writing and shall be deemed given if they are:
(a) delivered in person, (b) transmitted by facsimile (deemed given upon confirmation of receipt), (c) delivered by an express
courier (deemed given upon receipt of proof of delivery) or (d) delivered by e-mail to a party at its e-mail address listed below
(deemed given upon confirmation of receipt by non-automated reply e-mail from the recipient) (or to such other person or at such
other facsimile or address as such party shall deliver to the other party by like notice):

To the Company:

CollabRx, Inc.

44 Montgomery Street, Ste. 800

San Francisco, CA 94104

Attn: Seamus Lagan

Fax: (561) 855-1620

Email: tmika@collabrx.com

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With a concurrent
copy to (which shall not constitute notice):

Akerman LLP

One Southeast Third Avenue, 25th Fl.

Miami, FL 33131

Attn: J. Thomas Cookson

Fax: (305) 374-5095

Email: tom.cookson@akerman.com

To the Continuing
Stockholder:

Thomas R. Mika

44 Montgomery Street, Ste. 800

San Francisco, CA 94104

Email: tmika@collabrx.com

With a concurrent
copy to (which shall not constitute notice)

Goodwin Procter LLP

135 Commonwealth Drive

Menlo Park, CA 94025

Attn: William Davisson

Fax: (650) 853-1038

Email: wdavisson@goodwinprocter.com

or to any New Stockholder
to the address set forth under such New Stockholder's signature on the signature pages hereto.

4.3             
Amendments and Waivers. This Agreement may not be amended, altered or modified except by written instrument executed
by (i) the Company, (ii) the Continuing Stockholder and (ii) the New Stockholders Beneficially Owning a majority of the Total Voting
Power then Beneficially Owned by all New Stockholders. No failure or delay by any party in exercising any right, power or privilege
hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise
thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and
not exclusive of any rights or remedies provided by Applicable Law.

4.4             
Successors and Assigns. Neither this Agreement nor any of the rights or obligations hereunder shall be assigned by
any of the parties hereto without the prior written consent of the other parties, it being understood that it is the intention
of the parties hereto that the rights afforded to the Continuing Stockholder are personal to such Person and are not transferable
except as expressly provided herein. Subject to the preceding sentence and Section 1.4(b), this Agreement will be binding
upon, inure to the benefit of and be enforceable by the parties and their respective successors and permitted assigns. Any attempted
assignment in violation of this Section 4.4 shall be void.

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4.5             
Severability. Any term or provision of this Agreement that is invalid or unenforceable in any jurisdiction shall,
as to that jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable
the remaining terms and provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions
of this Agreement in any other jurisdiction. Upon such determination that any term or other provision is invalid or unenforceable,
the parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely
as possible in an acceptable manner to the end that the transactions contemplated by this Agreement are fulfilled to the extent
possible.

4.6             
Counterparts. This Agreement may be executed in any number of counterparts (delivery of which may occur via facsimile
or e-mail), each of which shall be binding as of the date first written above, and, when delivered, all of which shall constitute
one and the same instrument. A facsimile signature or electronically scanned copy of a signature shall constitute and shall be
deemed to be sufficient evidence of a party’s execution of this Agreement, without necessity of further proof. Each such
copy shall be deemed an original, and it shall not be necessary in making proof of this Agreement to produce or account for more
than one such counterpart.

4.7             
Entire Agreement. This Agreement (together with the Merger Agreement, the Company Support Agreements, the Parent
Support Agreements and the Confidentiality Agreement) constitutes the entire understanding of the parties hereto with respect to
the transactions contemplated hereby and the subject matter contained herein, and supersedes all prior and contemporaneous agreements
and understandings, both written and oral, among the parties with respect to the subject matter of this Agreement.

4.8             
Governing Law; Consent to Jurisdiction.

(a)               
This Agreement shall be governed and construed in accordance with the Laws of the State of New York without giving effect
to the principles of conflicts of law thereof.

(b)              
Each of the parties irrevocably agrees that any legal action or proceeding with respect to this Agreement or for recognition
and enforcement of any judgment in respect hereof brought by any other party or its successors or assigns may be brought and determined
exclusively in any federal or state court located in the State and County of New York (the “Applicable Courts”),
and each of the parties hereby irrevocably submits with regard to any such action or proceeding for itself and in respect of its
property, generally and unconditionally, to the exclusive jurisdiction of the Applicable Courts and agrees that it will not bring
any legal action or proceeding with respect to this Agreement or for recognition and enforcement of any judgment in respect hereof
in any court other than the Applicable Courts. Each of the parties hereby irrevocably waives, and agrees not to assert, by way
of motion, as a defense, counterclaim or otherwise, in any action or proceeding with respect to this Agreement or for recognition
and enforcement of any judgment in respect hereof, (a) any claim that it is not personally subject to the jurisdiction of the Applicable
Courts for any reason other than the failure to lawfully serve process, (b) that it or its property is exempt or immune from jurisdiction
of any such Applicable Court or from any legal process commenced in such Applicable Court (whether through service of notice, attachment
prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise), and (c) to the fullest extent
permitted by applicable Law, that (i) the action in any such Applicable Court is brought in an inconvenient forum, (ii) the venue
of such suit, action or proceeding is improper and (iii) this Agreement, or the subject matter hereof, may not be enforced in or
by such Applicable Courts. Each Party irrevocably consents to service of process in the manner provided for notices in Section
4.2; provided that nothing in this Agreement shall affect the right of any Party to serve process in any other manner permitted
by Applicable Law.

    	11

    	 

    

4.9             
WAIVER OF JURY TRIAL. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW WHICH CANNOT BE WAIVED, EACH OF THE PARTIES
HERETO HEREBY WAIVES, AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE), ANY RIGHT TO TRIAL
BY JURY IN ANY ACTION, CLAIM, CAUSE OF ACTION, SUIT OR PROCEEDING (IN CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR BASED UPON
THIS AGREEMENT OR THE SUBJECT MATTER HEREOF OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE TRANSACTIONS CONTEMPLATED
HEREBY. THE PARTIES ACKNOWLEDGE THAT THIS SECTION 4.9 CONSTITUTES A MATERIAL INDUCEMENT UPON WHICH THEY ARE RELYING AND
WILL RELY IN ENTERING INTO THIS AGREEMENT, AND ANY OTHER AGREEMENTS RELATING HERETO OR CONTEMPLATED HEREBY. ANY PARTY HERETO MAY
FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 4.9 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF EACH SUCH
PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL BY JURY. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY
OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, CLAIM,
CAUSE OF ACTION, SUIT OR PROCEEDING, SEEK TO ENFORCE ANY OF THE WAIVERS CONTAINED IN THIS SECTION 4.9, (B) IT UNDERSTANDS
AND HAS CONSIDERED THE IMPLICATIONS OF SUCH WAIVERS, AND (C) IT MAKES SUCH WAIVERS VOLUNTARILY.

4.10         
Specific Performance. The parties’ rights in this Section 4.10 are an integral part of the transactions
contemplated by this Agreement and each party hereby waives any objections to any remedy referred to in this Section 4.10.
For the avoidance of doubt, the parties agree that irreparable damage would occur in the event that any provision of this Agreement
was not performed in accordance with its specific terms or was otherwise breached, and that money damages would not be an adequate
remedy, even if available. It is accordingly agreed that the parties shall be entitled to an injunction or injunctions to prevent
or remedy breaches or threatened breaches of this Agreement and to enforce specifically the terms and provisions hereof, and to
any further equitable relief, this being in addition to any other remedy to which they are entitled at law or in equity. In the
event any party seeks any remedy referred to in this Section 4.10, such party shall not be required to obtain, furnish,
post or provide any bond or other security in connection with or as a condition to obtaining any such remedy.

4.11         
No Third Party Beneficiaries. Nothing in this Agreement shall confer any rights upon any Person other than the parties
hereto and each such party’s respective heirs, successors and permitted assigns.

The remainder of this page left intentionally
blank. 

    	12

    	 

    

IN WITNESS WHEREOF,
the parties hereto have duly executed this Agreement by their authorized representatives as of the date first above written.

	 	
        COLLABRX, INC.

        By:
        /s/ Thomas R. Mika

        Name: Thomas R. Mika

        Title: President and Chief Executive Officer 

	 	 
	 	
         

        CONTINUING STOCKHOLDER:

         

        /s/
        Thomas R. Mika

        Name: Thomas R. Mika

        

         

         

        NEW STOCKHOLDERS:

         

         /s/ Sharon Hollis

 

        Sharon Hollis

         

         

	 	/s/ Frank Roca
	 	
 

        Frank Roca

         

         

	 	/s/ Steve Sramowicz
	 	
 

        Steve Sramowicz

         

         

        /s/ Tom Mendolia

 

        Tom Mendolia

         

         

        /s/ Jace Simmons

	 	
 

        Jace Simmons

         

         

        /s/ Bill Forhan

	 	
 

        Bill Forhan

 

 

Signature page
to Stockholders Agreement

    	13

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have duly executed this Agreement by their authorized representatives as of the date first above written.

 

	 	
        NEW STOCKHOLDERS:

         

	 	
        Alcimede, LLC

         

         

        By: /s/ Seamus Lagan

        Name: Seamus Lagan

        Title: Authorized Signatory

         

         

	 	
        Epizon, Ltd.

         

         

        By: /s/ Wilhelm Toothe

        Name: Wilhelm Toothe

        Title: Authorized Signatory

         

	 	
         

        Aella, Ltd.

         

         

        By: /s/ Wilhelm Toothe

        Name: Wilhelm Toothe

        Title: Authorized Signatory

         

 

Signature Page to Stockholders Agreement

    	14Exhibit 10.1

 

SENIOR EXECUTIVE EMPLOYMENT AGREEMENT

 

AGREEMENT made as of the   day of   between
Foot Locker, Inc. (the “Company”), a New York corporation with its principal office located at 112 West 34th
Street, New York, New York, and   (“Executive”).

 

W I T N E S S E T H:

 

WHEREAS, the Company believes that the establishment
and maintenance of a sound and vital management of the Company is essential to the protection and enhancement of the interests
of the Company and its shareholders;

 

WHEREAS, the Company wishes to provide for the
continued employment of the Executive with the Control Group, and the Executive is willing to commit himself to continue to serve
the Company, on the terms and conditions herein provided; and

 

WHEREAS, this Agreement supersedes any employment
agreement, severance plan, policy and/or practice of the Company in effect on the date hereof for the Executive.

 

NOW, THEREFORE, in consideration of the premises
and mutual covenants herein contained, the parties hereto hereby agree as follows:

 

1. Definitions. The following terms shall have the
meanings set forth in this section as follows:

 

(a) “Affiliate” shall mean the Company and any
entity affiliated with the Company within the meaning of Code Section 414(b) with respect to a controlled group of corporations,
Code Section 414(c) with respect to trades or businesses under common control with the Company, Code Section 414(m) with respect
to affiliated service groups and any other entity required to be aggregated with the Company under Section 414(o) of the Code.
No entity shall be treated as an Affiliate for any period during which it is not part of the controlled group, under common control
or otherwise required to be aggregated under Code Section 414.

 

(b) “Beneficiary” shall mean the individual designated
by the Executive, on a form acceptable by the Committee, to receive benefits payable under this Agreement in the event of the Executive’s
death. If no Beneficiary is designated, the Executive’s Beneficiary shall be his spouse, or if the Executive is not survived
by a spouse, the Executive’s estate.

 

(c) “Board” shall mean the Board of Directors
of the Company.

 

(d) “Cause” shall mean (with regard to the Executive’s
Termination of Employment with the Control Group): (i) the refusal or willful failure by the Executive to substantially perform
his duties, (ii) with regard to the Control Group or any of their assets or businesses, the Executive’s dishonesty, willful
misconduct, misappropriation, breach of

    	 

    	

    

fiduciary duty or fraud, (iii) the willful breach
by the Executive of any material provision of this Agreement, which breach is not cured within ten (10) business days from the
date of the Company’s notice of the occurrence of such breach to the Executive, or (iv) the Executive’s conviction
of a felony (other than a traffic violation) or any other crime involving, in the sole discretion of the Committee, moral turpitude.

 

(e) “Change in Control” shall have the meaning
set forth in Appendix A attached hereto.

 

(f) “Code” shall mean the Internal Revenue Code
of 1986, as amended and as hereafter amended from time to time.

 

(g) “Committee” shall mean the Compensation and
Management Resources Committee of the Board or an administrative committee appointed by the Compensation and Management Resources
Committee.

 

(h) “Competition” shall mean participating, directly
or indirectly, as an individual proprietor, stockholder, officer, employee, director, joint venturer, investor, lender, or in any
capacity whatsoever (within the United States of America or in any other country where any of the Executive’s former employing
members of the Control Group does business) in (A) a business in competition with the retail, catalog, or on-line sale of athletic
footwear, athletic apparel and sporting goods conducted by the Control Group (the “Athletic Business”), or (B) a business
that in the prior fiscal year supplied product to the Control Group for the Athletic Business having a value of $20 million or
more at cost to the Company or any of its subsidiaries or affiliates; provided, however, that such participation shall not include
(X) the mere ownership of not more than 1 percent of the total outstanding stock of a publicly held company; (Y) the performance
of services for any enterprise to the extent such services are not performed, directly or indirectly, for a business in competition
with the Athletic Business or for a business which supplies product to the Control Group for the Athletic Business; or (Z) any
activity engaged in with the prior written approval of the Chief Executive Officer of the Company.

 

(i) “Control Group” shall mean the Company and
its Affiliates.

 

 (j) “Good Reason” shall mean (with respect
to an Executive’s Termination of Employment with the Control Group):

 

(i) Prior to a Change in Control, (A) a reduction in the
Executive’s rate of base salary as payable from time to time, other than a reduction that occurs in connection with, and
in the same percentage as, an across-the-board reduction over any three-year period in the base salaries of all executives of the
Company of a similar level and where the reduction is less than 20 percent of the Executive’s base salary measured from the
beginning of such three-year period; or (B) a material and adverse change in the nature and status of the Executive’s authority
or responsibilities, except temporarily as a result of the Executive’s disability, illness or other absence.

    	2

    	

    

(ii) On or after a Change in Control, (A) any reduction in
the Executive’s rate of base salary as payable from time to time; (B) a failure of the Company to continue in effect the
benefits applicable to, or the Company’s reduction of the benefits applicable to, the Executive under any benefit plan or
arrangement (including without limitation, any pension, life insurance, health or disability plan) in which the Executive participates
as of the date of the Change in Control without implementation of a substitute plan(s) providing materially similar benefits in
the aggregate to those discontinued or reduced, except for a discontinuance of, or reduction under, any such plan or arrangement
that is legally required, and provided that in either such event the Company provides similar benefits (or the economic effect
thereof) to the Executive in any manner determined by the Company; or (C) any material demotion of the Executive or any material
reduction in the Executive’s authority or responsibility, except temporarily as a result of the Executive’s disability,
illness or other absence.

 

 (iii) At any
time, (A) a reduction in the Executive’s annual bonus classification level other than in connection with a redesign of the
applicable bonus plan that affects all employees at the Executive’s bonus level; (B) the failure of any successor to the
Company to assume in writing the obligations hereunder; or (C)
the Company’s failure to renew this Agreement.

 

(k) “Non-Competition
Period” shall mean (i) the period the Executive is employed
by the Control Group and (ii) at any time prior to a Change in Control, the two (2) year period commencing on the Termination Date.

 

(l) “Retirement”
1 shall mean separation from service with the Control Group in accordance with Section 409A on or after the
date that the Executive’s age added together with his Years of Service equals or exceeds the sum of sixty-five
(65).

 

(m) “Salary” shall mean an Executive’s
base cash compensation rate for services paid to the Executive by the Company or an Affiliate at the time of his Termination of
Employment from the Control Group. Salary shall not include commissions, bonuses, overtime pay, incentive compensation, benefits
paid under any qualified plan, any group medical, dental or other welfare benefit plan, noncash compensation or any other additional
compensation but shall include amounts reduced pursuant to an Executive’s salary reduction agreement under Sections 125,
132(f) or 401(k) of the Code (if any) or a nonqualified elective deferred compensation arrangement to the extent that in each such
case the reduction is to base salary.

 

  (n) “Section 409A”
shall mean Section 409A of the Code including the regulations issued thereunder by the Department of the Treasury.

 

 

 

	1	For executives who became participants in the Company’s Supplemental Executive
Retirement Plan (the “SERP”) on or after May 26, 2011, “Retirement” shall mean separation from service
with the Control Group in accordance with Section 409A on or after the date the Executive attains age fifty-five (55) and completes
ten (10) Years of Service.

    	3

    	

    

(o) “Severance
Benefit” 2 shall mean (i) in the case of the Executive’s
Termination of Employment with the Control Group that does not occur within the 24- month period following a Change in
Control and such termination is a Termination of Employment by the Company without Cause or by the Executive for Good Reason,
1.5 times the Executive’s annual Salary; or (ii) in the case of the Executive’s Termination of Employment with
the Control Group that occurs within the 24-month period following a Change in Control and such termination is a Termination
of Employment by the Company without Cause or by the Executive for Good Reason, 2.0 times the Executive’s annual Salary
plus annual bonus at target under the Annual Incentive Compensation Plan or other annual incentive plan applicable to the
Executive.

 

 (p) “Substantially
All of the Assets of the Company” shall mean at least 66
percent of the total gross fair market value of the assets of the Company immediately prior to the acquisition by a non-related
third party, determined without regard to any liabilities associated with such assets.

 

(q) “Termination Date” shall mean in the case
of the Executive’s death, the date of death, or in all other cases, the date specified in the Notice of Termination of Employment;
provided, however, that if the Executive’s Termination of Employment is due to disability as provided in Section 7(b), the
date specified in the Notice of Termination of Employment shall be at least thirty (30) days from the date the Notice of Termination
of Employment is given to the Executive.

 

  (r) “Termination
of Employment” shall mean separation from service with the Control Group in accordance with Section 409A for any reason,
including, but not limited to retirement, death, disability, resignation or dismissal with or without Cause; provided, however,
that if an Employer is no longer a member of the Control Group and the Participant is transferred in connection with the sale of
the assets of an Employer and the successor assumes the obligations hereunder in accordance with Section 13 hereof, a Termination
of Employment shall not occur until termination of employment with the new control group.

 

 

 

	2	For
longer-service executives whose severance benefit would have been higher under the prior service-based severance benefit formula,
“Severance Benefit” shall mean (i) in the case of the Executive’s Termination of Employment with the Control
Group that does not occur within the 24-month period following a Change in Control and such termination is a Termination of Employment
by the Company without Cause or by the Executive for Good Reason, the greater of (x) 1.5 times the Executive’s annual Salary
or (y) $_______, which represents the value of the severance benefit that would have been payable to the Executive if the Executive’s
Termination of Employment by the Company without Cause or by the Executive for Good Reason had occurred on the date preceding
the effective date of this Agreement; or (ii) in the case of the Executive’s Termination of Employment with the Control
Group that occurs within the 24-month period following a Change in Control and such termination is a Termination of Employment
by the Company without Cause or by the Executive for Good Reason, the greater of (x) 2.0 times the Executive’s annual Salary
plus annual bonus at target under the Annual Incentive Compensation Plan or other annual incentive plan applicable to the Executive
or (y) $_______, which represents the value of the severance benefit that would have been payable to the Executive if the Executive’s
Termination of Employment by the Company without Cause or by the Executive for Good Reason had occurred on the date preceding
the effective date of this Agreement.

    	4

    	

    

 (s) “Year of Service”
shall mean each 12 consecutive month period commencing on the Executive’s date of hire by the Company or an Affiliate and
each anniversary thereof in which the Executive is paid by the Company or an Affiliate for the performance of full-time services
as an Executive. For purposes of this section, full-time services shall mean that the Executive is employed for at least 30 hours
per week. A Year of Service shall include any period during which the Executive is not working due to disability, leave of absence
or layoff so long as he is being paid by the Company or an Affiliate (other than through any employee benefit plan). A Year of
Service also shall include service in any branch of the armed forces of the United States by any person who is an Executive on
the date such service commenced, but only to the extent required by applicable law.

 

2. Term. The initial term of this
Agreement shall commence on _________ and shall end on_________, unless further extended or sooner terminated as hereinafter
provided. The term shall be automatically renewed for additional one-year periods unless the Company notifies the Executive
three months prior to the end of the term that the term shall not be renewed. In no event, however, shall the term of the
Executive’s employment extend beyond the date of the Executive’s actual retirement under a retirement plan of the
Company.

 

3. Position and Duties. The Executive
shall serve as _________ of the Company and shall have such responsibilities, duties and authority as he may have as of the effective
date of this Agreement (or any comparable position to which he may be assigned after the effective date of this Agreement) and
as may from time to time be assigned to the Executive by the _________of the Company that are consistent with such responsibilities, duties
and authority. The Executive shall devote substantially all of his working time and efforts to the business and affairs of the
Company and its Affiliates.

 

4. Place of Performance. In connection with the Executive’s
employment by the Company, the Executive shall be based in the New York metropolitan area, except for required travel on Company
business.

 

5. Compensation and Related Matters

 

(a) Salary. During the period of the Executive’s
employment hereunder, the Company or an Affiliate shall pay to the Executive a salary at a rate not less than the rate in effect
as of the effective date of this Agreement or such higher rate as may from time to time be determined by the Company, such salary
to be paid in accordance with the Company’s normal payroll practices.

 

(b) Expenses. During the term of the Executive’s
employment hereunder, subject to Section 20 hereof, the Executive shall be entitled to receive prompt reimbursement for all reasonable
and customary expenses incurred by the Executive in performing services hereunder, including all expenses of travel and living
expenses while

    	5

    	

    

away from home on business or at the request of and in the service
of the Company or an Affiliate, provided that such expenses are incurred and accounted for in accordance with the policies and
procedures established by the Company.

 

(c) Other Benefits. The Company shall maintain in
full force and effect, and the Executive shall be entitled to continue to participate in, all of the employee benefit plans and
arrangements in effect on the date hereof in which the Executive participates or plans or arrangements providing the Executive
with at least equivalent benefits thereunder (including without limitation each retirement plan, supplemental and excess retirement
plans, annual and long-term incentive compensation plans, stock option and purchase plans, group life insurance and accident plan,
medical and dental insurance plans, and disability plan), and the Company shall not make any changes in such plans or arrangements
that would adversely affect the Executive’s rights or benefits thereunder; provided, however, that such a change may be made,
including termination of such plans or arrangements, to the extent permitted by the respective plan or arrangement, if it occurs
pursuant to a program applicable to all comparably situated executives of the Company and does not result in a proportionately
greater reduction in the rights of or benefits to the Executive as compared with any other comparably situated executive of the
Company. The Executive shall be entitled to participate in or receive benefits under any employee benefit plan or arrangement made
available by the Company in the future to its comparably situated executives and key management employees, subject to and on a
basis consistent with the terms, conditions and overall administration of such plans and arrangements. Nothing paid to the Executive
under any plan or arrangement presently in effect or made available in the future shall be deemed to be in lieu of the salary payable
to the Executive pursuant to Section 5(a). Any payments or benefits payable to the Executive hereunder in respect of any calendar
year during which the Executive is employed by the Company for less than the entire year shall, unless otherwise provided in the
applicable plan or arrangement, be pro rated in accordance with the number of days in such calendar year during which he is so
employed.

 

(d) Vacations. The Executive shall be entitled to
no less than the number of vacation days in each calendar year that is determined in accordance with the Company’s vacation
policy as in effect on the date hereof. The Executive shall also be entitled to all paid holidays and personal days given by the
Company to its executives.

 

6. Offices. Subject to Sections 3 and 4, the Executive
agrees to serve without additional compensation, if elected or appointed thereto, as a director of the Company and any of its Affiliates
and in one or more executive offices of any of the Company’s Affiliates.

 

7. Termination of Employment. The Executive’s
employment hereunder may be terminated without any breach of this Agreement only upon the following circumstances:

 

(a) Death. The Executive’s employment hereunder
shall automatically terminate upon his death.

    	6

    	

    

(b) Disability. If, as a result of the Executive’s
incapacity due to physical or mental illness as determined by the Company in its sole discretion, the Executive shall have been
absent from his duties hereunder on a full-time basis for a period of six consecutive months, and within 30 days after written
Notice of Termination of Employment is given (which may occur before or after the end of such six month period) shall not have
returned to the performance of his duties hereunder on a full-time basis, the Company may immediately terminate the Executive’s
employment hereunder.

 

(c) Cause. The Company may terminate the Executive’s
employment hereunder for Cause by, at any time at its election within six months after the Company shall obtain knowledge
of the grounds for termination, giving the Executive notice of its intention to terminate the Executive for Cause and stating the
date of Termination of Employment and the grounds for termination.

 

(d) Good Reason. The Executive may terminate his employment
hereunder for Good Reason upon 30 days’ prior written notice to the Company; provided, however, that prior to a Change in
Control, if the Company corrects the matter that has given rise to the Good Reason event, and makes the Executive whole for any
loss to the Executive resulting from such Good Reason event, the Executive may not so terminate his employment.

 

(e) Without Cause. The Company may terminate the Executive’s
employment hereunder without Cause upon 30 days’ prior written notice to the Executive.

 

(f) Without Good Reason. The Executive may terminate
his employment hereunder without Good Reason upon 30 days’ prior written notice to the Company.

 

Any Termination of Employment by the Company
or by the Executive (other than termination pursuant to Section 7(a)) shall be communicated by written Notice of Termination of
Employment to the other party hereto in accordance with Section 19. For purposes of this Agreement, a “Notice of Termination
of Employment” shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon
and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for Termination of Employment under
the provision so indicated. Notwithstanding anything in this Agreement to the contrary, if the Company becomes obligated to make
any payment to the Executive pursuant to the terms hereof, then this Agreement shall remain in effect until all of the Company’s
obligations hereunder are fulfilled.

 

8. Benefits Upon Termination of Employment.

 

(a) Death. In the event of the Executive’s Termination
of Employment with the Control Group due to his death, the Company shall pay any amounts due to the Executive under Section 5 through
the date of his death in accordance with the payment provisions of Section 5 and Section 13.

    	7

    	

    

(b) Disability. In the event of the Executive’s
Termination of Employment with the Control Group under Section 7(b), the Company shall pay any amounts due to the Executive under
Section 5 through the Termination Date in accordance with the payment provisions of Section 5 and shall have no other obligation
to the Executive or his dependents other than amounts due, if any, under the Company’s long-term disability plan, and any
benefits offered by the Company under its then policy to employees who become disabled while employed by the Company.

 

(c) Cause. In the event the Executive’s employment
with the Control Group is terminated for Cause, the Company shall pay any amounts due to the Executive under Section 5 through
the Termination Date in accordance with the payment provisions of Section 5 and shall have no other obligation to the Executive
or his dependents other than any amounts, if any, due to Executive under its then existing policies to employees whose employment
is terminated for Cause or under the specific terms of any welfare, pension, fringe benefit or incentive plan. Other than as provided
in the preceding sentence, in the event the Executive’s employment is terminated for Cause, he shall not be entitled to the
benefits and payments provided under Section 8(g) below.

 

(d) Without Cause or For Good Reason. In the event
the Executive’s employment with the Control Group is terminated by the Company without Cause, or the Executive terminates
employment with the Control Group within 60 days after the occurrence of a Good Reason event with regard to the Executive, the
Company shall pay any amounts due to the Executive under Section 5 through the Termination Date in accordance with the payment
provisions of Section 5 and shall pay the Executive a Severance Benefit as provided in Section 8(f) below.

 

 (e)  Following a Change in Control. Notwithstanding
anything to the contrary contained herein, if, within 24 months following a Change in Control, the Executive’s employment
with the Control Group is terminated without Cause or if the Executive terminates employment with the Control Group within sixty
(60) days after the occurrence of a Good Reason event with regard to the Executive, (i) the Executive shall receive his Severance
Benefit as provided in Section 8(f) below and (ii) the restrictions on Competition and no-hire contained in Sections 9(a)(i) and
9(b), respectively, shall not apply.

 

(f) Timing and Form of Payment. The Executive shall
receive payment of his Severance Benefit in a lump sum payment within 10 days following the six-month anniversary of the Termination
Date, provided that the Executive has signed and returned to the Company the release provided for in Section 12 in a form acceptable
to the Company (the “Release”). The Release shall be provided to the Executive within seven (7) days following the
Termination Date. In order to receive his Severance Benefit, the Executive will be required to sign the Release within twenty-one
(21) or forty-five (45) days after the date it is provided to him, whichever is applicable under applicable law, and not revoke
the Release within the seven (7) day period following the date the Executive signs the Release. If the Company has not received
from the Executive an effective

    	8

    	

    

Release as of the six-month anniversary of the Termination Date,
no Severance Benefit shall be paid to the Executive.

 

(g) (i) Except as set forth below and other
than in cases where the Executive’s employment with the Control Group is terminated pursuant to Sections 7(a), 7(b), 7(c)
or 7(f), the Company shall provide the Executive with post-termination medical and dental benefits in a manner intended to satisfy
the requirements of Code Sections 105(h) and 409A as follows: (i) immediately following the Termination Date, the Executive will
be entitled to elect such continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended
(“COBRA”), subject to the terms and conditions of the Company’s medical and dental benefit plans and the provisions
of COBRA; (ii) if the Executive elects COBRA continuation coverage, he will pay the applicable COBRA premiums during the period
that his medical and dental benefits are continued pursuant to COBRA; and (iii) for each month that his medical and dental benefits
are continued pursuant to COBRA, but not exceeding 18 months, the Company will pay to the Executive, on a monthly basis, the difference
in the amount of COBRA premiums he pays and the amount the Executive would have paid for such medical and dental coverage as an
active employee for such month.

 

(ii)
3 Notwithstanding the foregoing, in the event the Executive elects Retirement, the Company shall provide the
Executive with post-termination medical and dental benefits in a manner intended to satisfy the requirements of Code Sections
105(h) and 409A such that the Executive shall be entitled to medical and dental insurance benefits substantially the same as
those to which senior executives of the Company are entitled under the medical and dental plans of the Company applicable to
actively employed senior executives, less any benefits Executive or his covered dependents may receive from Medicare. The
Executive shall be responsible for the payment of the insurance premiums applicable to actively employed senior executives,
including any subsequent increases in such premiums. Such medical and dental insurance coverage shall cease in the event the
Executive engages in Competition during the one-year period following his Retirement or becomes a participant in a new
employer’s medical and dental plan. In order to be entitled to the benefits described in this Section 8(g)(ii), the
Executive, his spouse, and other covered dependents, as applicable, must have been enrolled at the time of the
Executive’s Retirement in the medical and/or dental insurance plan applicable to actively employed senior executives,
and the Executive, his spouse and other covered dependents, as applicable, are, as soon as eligible, enrolled in
Medicare, including Part B.

 

(iii) Notwithstanding anything else herein,
the Executive shall not be entitled to any benefits following his Termination Date other than the benefits provided in Section
8 and, without limiting the generality of the foregoing, the Executive specifically shall not be entitled to continue to participate
in any group disability or voluntary accidental death or dismemberment insurance plan he participated in prior to his Termination
Date. Without limiting the generality of the foregoing, the Executive shall not accrue additional benefits under any pension plan
of the Company or an Affiliate (whether or not qualified under Section 401(a) of the Code) following his Termination Date ,

 

 

 

	3	Provision applicable only to executives who participated in the SERP prior to February
2, 2014.

    	9

    	

    

provided, however, that to the extent
provided for under any applicable plan, the amount of any Severance Benefit may be included in the Executive’s earnings
for purposes of calculating the Executive’s benefit under the Foot Locker Retirement Plan, the Foot Locker Excess Cash Balance
Plan, and the Foot Locker 401(k) Plan.

 

(h) In the event of the Executive’s death after becoming
eligible for the Severance Benefit described in Section 8(f) and prior to payment of such amount, such Severance Benefit shall
be paid to the Executive’s Beneficiary.

 

(i) Notwithstanding anything else herein, to the extent the
Executive would be subject to the excise tax under Section 4999 of the Code on the amounts in Section 8(f) and such other amounts
or benefits he received from the Company and its Affiliates required to be included in the calculation of parachute payments for
purposes of Sections 280G and 4999 of the Code, the amounts provided under this Agreement shall be automatically reduced to an
amount one dollar less than that which, when combined with such other amounts and benefits required to be so included, would subject
the Executive to the excise tax under Section 4999 of the Code if, and only if, the reduced amount received by the Executive on
a net after-tax basis after taking into account federal, state and local income and social security taxes at the maximum marginal
rates would be greater than the unreduced amount to be received by the Executive on a net after-tax basis after taking into account
federal, state and local income and social security taxes at the maximum marginal rates minus the excise tax payable under Section
4999 of the Code on such amount and the other amounts and benefits received by the Executive and required to be included in the
calculation of a parachute payment for purposes of Sections 280G and 4999 of the Code.

 

 9. Non-Competition and Confidentiality.

 

 (a) (i) The Executive agrees that he shall not
engage in Competition during the Non-Competition Period, subject to the Company’s option to waive all or any portion of the
Non-Competition Period, as more specifically provided for in the following paragraph.

 

  (ii) As additional consideration for the covenant
not to compete during the Non-Competition Period described above, the Company shall pay the Executive, on a monthly basis, the
sum of 25 percent of the Executive’s monthly Salary, less the amount of the Executive’s “Monthly Severance Benefit,”
if any. This additional consideration shall be payable for the two (2) year period commencing on the Termination Date and shall
be payable on the first day of each month. For purposes of this provision, the “Monthly Severance Benefit” shall
be equal to the Severance Benefit divided by 12. The Company has the option, for any reason, to elect to waive all or any portion
of the two (2) year period of Non-Competition commencing on the Termination Date, by giving the Executive written notice of such
election not later than thirty (30) days following the Termination Date. In that event, the Company shall not be obligated to pay
the Executive under this paragraph for any months as to which the covenant not to compete has been waived. The Company may discontinue
payments being made pursuant to this paragraph at any time during the Non-Competition Period that (i) Executive is engaged in full-time

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employment that, in the Company’s opinion, does not violate
the provisions of Section 9(a)(i) hereof, or (ii) Executive violates the provisions of Section 9(a)(i) hereof.

 

(b) The Executive acknowledges that, during the course of
his employment with the Company, due to the nature of the position he occupies he will have access to confidential information
of the Company concerning its executives and employees, including, but not limited to, their background, experience, education,
training, capabilities, and potential. He agrees, therefore, that if his employment is terminated at any time prior to a Change
in Control (a) by the Company for any reason or (b) by the Executive for any reason, he shall not, for a two-year period beginning
on the Termination Date, intentionally recruit, solicit or induce any employee or employees of the Control Group to terminate their
employment with, or otherwise cease their relationship with, the former employing members of the Control Group where such employee
or employees do in fact so terminate their employment.

 

(c) The Executive shall not at any time during the term of
this Agreement, or thereafter, communicate or disclose to any unauthorized person, or use for the Executive’s own account,
without the prior written consent of the Chief Executive Officer of the Company, nonpublic information of any kind concerning the
Company or any of its subsidiaries or affiliates, including, but not limited to, nonpublic information concerning finances, financial
plans, accounting methods, strategic plans, operations, personnel, organizational structure, methods of distribution, suppliers,
customers, client relationships, marketing strategies, real estate strategies or the like. In the event of the termination of Executive’s
employment, Executive shall, on or before the Termination Date, return all Confidential Information in his possession, in whatever
form, to the Company. It is understood, however, that the obligations set forth in this paragraph shall not apply to the extent
that the aforesaid matters (a) are disclosed in circumstances in which the Executive is legally required to do so or (b) become
generally known to and available for use by the public other than by the Executive’s wrongful act or omission.

 

(d) The Executive agrees that any breach by him of the terms
of Section 9 would result in irreparable injury and damage to the Company for which the Company would have no adequate remedy at
law; the Executive therefore agrees that in the event of a breach or threatened breach by the Executive of the provisions of Section
9, the Company shall be entitled to an immediate injunction and restraining order to prevent such breach or threatened breach or
continued breach by the Executive, including any and all persons and entities acting for or with the Executive, without having
to prove damages, in addition to any other remedies to which the Company may be entitled at law or in equity. The terms of this
paragraph shall not prevent the Company from pursuing any other available remedies for any breach or threatened breach hereof,
including but not limited to the recovery of damages from the Executive. The Executive and the Company further agree that the provisions
of the covenant not to compete are reasonable and that the Company would not have entered into this Agreement but for the inclusion
of such covenant herein. If any provision of the covenants set forth in Section 9 is found by any court of competent jurisdiction
to be unenforceable because it extends for too long a period of time or over too great a range of activities or in too broad a
geographic area, it shall be

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interpreted to extend over the maximum period
of time, range of activities or geographic area as to which it may be enforceable.

 

 (e) The provisions of Section 9 shall survive any
termination of this Agreement and the existence of any claim or cause of action by the Executive against the Control Group, whether
predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of the covenants and
agreements of Section 9.

 

10. No Duty to Mitigate/Set-off. The Company agrees
that if the Executive’s employment with the Control Group is terminated during the term of this Agreement, the Executive
shall not be required to seek other employment or to attempt in any way to reduce any amounts payable to the Executive by the Company
pursuant to this Agreement. Further, the amount of the Severance Benefit provided for in this Agreement shall not be reduced by
any compensation earned by the Executive or benefit provided to the Executive as the result of employment by another employer or
otherwise. Except as otherwise provided herein, the Company’s obligations to make the payments provided for in this Agreement
and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including without limitation, any
set-off, counterclaim, recoupment, defense or other right which the Company may have against the Executive. The Executive shall
retain any and all rights under all pension plans, welfare plans, equity plans and other plans, including other severance plans,
under which the Executive would otherwise be entitled to benefits.

 

11. Withholding. The Company shall have the right
to make such provisions as it deems necessary or appropriate to satisfy any obligations it may have to withhold federal, state,
or local income or other taxes incurred by reason of payments pursuant to this Agreement. In lieu thereof, the Company shall have
the right to withhold the amount of such taxes from any other sums due or to become due from the Company or an Affiliate to the
Executive upon such terms and conditions as the Committee may prescribe.

 

12. Release. In consideration of the Executive’s
entitlement hereunder to a Severance Benefit which exceeds the severance benefit provided for under the Company’s standard
severance program and as a condition of receiving any Severance Benefit hereunder with regard to a Termination of Employment
occurring prior to a Change in Control, the Executive shall be required to provide the Company with a release of all claims of
the Executive (except with regard to claims for payment of benefits specifically payable or providable hereunder which have not
been paid as of the effective date of the release, claims for vested accrued benefits or claims under COBRA) of any kind whatsoever
against the Control Group, its past or present officers, directors and employees, known or unknown, as of the date of the release.
The release shall be in such form as may reasonably be specified by the Company.

 

13. Successors; Binding Agreement. In addition to
any obligations imposed by law upon any successor to the Company, the Company will require any successor (whether direct or indirect,
by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly
assume and agree in writing

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to perform this Agreement in the same manner and to the same extent
that the Company would be required to perform it if no such succession had taken place. This Agreement shall inure to the benefit
of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs,
distributees, devisees and legatees. If the Executive shall die while any amount would still be payable to the Executive hereunder
if the Executive had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the
terms of this Agreement to the Executive’s Beneficiary, or the executors, personal representatives or administrators of the
Executive’s estate.

 

14. Termination of Prior Agreement.
The Senior Executive Employment Agreement entered into between the Company and the Executive dated _______, 20 _____ is
terminated as of ________ without any further obligation of the parties thereto.

 

 15. Miscellaneous. No provisions of this Agreement
may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing and signed by the Executive
and such officer as may be specifically designated by the Company. No waiver by either party hereto at any time of any breach by
the other party hereto of, or compliance with, any condition or provision shall be deemed a waiver of similar or dissimilar provisions
or conditions at the same or at any prior or subsequent time. No agreements or representations, oral or otherwise, express or implied,
with respect to the subject matter hereof have been made by either party which are not expressly set forth in this Agreement. All
references to sections of the Code or any other law shall be deemed also to refer to any successor provisions to such sections
and laws.

 

16. Counterparts. This Agreement may be executed in
several counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same
instrument.

 

17. Severability. If any provisions of this Agreement
shall be declared to be invalid or unenforceable, in whole or in part, such invalidity or unenforceability shall not affect the
remaining provisions hereof which shall remain in full force and effect.

 

18. Arbitration. Any dispute or controversy arising
under or in connection with this Agreement or the breach thereof, other than injunctive relief pursuant to Section 9, shall be
settled by arbitration, conducted before a panel of three arbitrators in New York, New York, or in such other city in which the
Executive is then located, in accordance with the rules of the American Arbitration Association then in effect. The determination
of the arbitrators, which shall be based upon a de novo interpretation of this Agreement, shall be final and binding and judgment
may be entered on the arbitrators’ award in any court having jurisdiction. The costs assessed by the American Arbitration
Association for arbitration shall be borne by the Company.

 

19. Notice.  Any notice to either party hereunder
shall be in writing, and shall be deemed to be sufficiently given to or served on such party, for all purposes, if the same

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shall be given personally delivered to such
party, or sent to such party by registered mail, postage prepaid, in the case of the Executive, at his principal residence address
as shown in the records of the Company, and in the case of the Company, to the General Counsel, Foot Locker, Inc., 112 West 34th
Street, New York, New York 10120.

 

Either party may change the address to which
notices are to be sent to such party hereunder by written notice of such new address given to the other party hereto. Notices shall
be deemed given when received if delivered personally or three days after mailing if mailed as aforesaid.

 

 20. Section 409A. This Agreement
is intended to comply with, or be exempt from, Section 409A and all provisions hereof shall be construed in a manner to so comply.
With regard to any provision herein that provides for reimbursement of costs and expenses or in-kind benefits, except as permitted
by Section 409A, (i) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another
benefit, (ii) the amount of expenses eligible for reimbursement, or in-kind benefits, provided during any taxable year shall not
affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year and (iii) such payments
shall be made on or before the last day of the Executive’s taxable year following the taxable year in which the expense was
incurred. The parties further agree that there is no guarantee as to the tax consequences of payments provided for hereunder.

 

21.  Compensation Recoupment. Notwithstanding anything
herein to the contrary, the Executive agrees that incentive compensation, as defined under the Dodd-Frank Wall Street Reform and
Consumer Protection Act of 2010 and such regulations as are promulgated thereunder from time to time (“Dodd-Frank”),
payable to him under the Company’s bonus plans, this Agreement or any other plan, arrangement or program established or maintained
by the Company shall be subject to any clawback policy adopted or implemented by the Company in respect of Dodd-Frank, or in respect
of any other applicable law or regulation.

 

22. Governing Law. The validity, interpretation, construction,
enforcement and performance of this Agreement shall be governed by the laws of the State of New York without regard to its conflicts
of laws principles. For purposes of Section 9, the Executive consents to the jurisdiction of state and federal courts in New York
County.

 

IN WITNESS WHEREOF, the Company has caused this
Agreement to be duly executed and the Executive’s hand has hereunto been set as of the date first set forth above.

 

	 	FOOT LOCKER, INC.	 
	 	 	 
	 	By:	 	 
	 	 	 	 
	 	 	 	 
	 	 	Executive	 

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APPENDIX A

 

Change in Control

 

A Change in Control shall mean any of the following:

 

(A)  the merger or consolidation of the Company
with, or the sale or disposition of all or Substantially All of the Assets of the Company to, any person or entity or group of
associated persons or entities (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934 (the
“Exchange Act”)) (a “Person”) other than (a) a merger or consolidation which would result in the voting
securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by
being converted into voting securities of the surviving or parent entity) fifty percent (50%) or more of the combined voting power
of the voting securities of the Company or such surviving or parent entity outstanding immediately after such merger or consolidation;
or (b) a merger or capitalization effected to implement a recapitalization of the Company (or similar transaction) in which no
Person is or becomes the beneficial owner, directly or indirectly (as determined under Rule 13d-3 promulgated under the Exchange
Act), of securities representing more than the amounts set forth in (B) below;

 

(B)  the acquisition of direct or indirect
beneficial ownership (as determined under Rule 13d-3 promulgated under the Exchange Act), in the aggregate, of securities of the
Company representing thirty-five percent (35%) or more of the total combined voting power of the Company’s then issued and
outstanding voting securities by any Person (other than the Company or any of its subsidiaries, any trustee or other fiduciary
holding securities under any employee benefit plan of the Company, or any company owned, directly or indirectly, by the shareholders
of the Company in substantially the same proportions as their ownership of Common Stock of the Company) acting in concert; or

 

(C)  during any period of not more than twelve
(12) months, individuals who at the beginning of such period constitute the Board, and any new director whose election by the Board
or nomination for election by the Company’s shareholders was approved by a vote of at least two-thirds (2⁄3) of the directors
then still in office who either were directors at the beginning of the period or whose election or nomination for election was
previously so approved, cease for any reason to constitute at least a majority thereof.

 

This definition is intended to constitute a change
in ownership or effective control of a corporation or change in the ownership of a substantial portion of the assets of a corporation,
in each case, as defined under Section 409A, and shall be construed in a manner consistent with such intent.

    	15

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