Document:

Exhibit 10.1

 

Lock-Up Agreement

 

January 4, 2018

 

Ladenburg Thalmann & Co. Inc.

570 Lexington Avenue

11th Floor

New York, New York 10022

 

Re:       Public
Offering of Eyenovia, Inc.

 

Ladies and Gentlemen:

 

The undersigned, an
officer, director or holder of common stock, par value $0.0001 per share (“Common Stock”), or rights to acquire
Common Stock, of Eyenovia, Inc. (the “Company”), understands that Ladenburg Thalmann & Co. Inc., as
the underwriter (“you” or “your”), proposes to enter into an Underwriting Agreement (the
“Underwriting Agreement”) with the Company, providing for the public offering (the “Offering”)
of shares of Common Stock (the “Securities”), pursuant to a registration statement on Form S-1 (as amended,
the “Registration Statement”) to be filed with the Securities and Exchange Commission (the “SEC”).

 

In consideration of
the Company’s and your intention to enter into the Underwriting Agreement and to proceed with the Offering of the Securities,
and for other good and valuable consideration, receipt of which is hereby acknowledged, the undersigned hereby agrees for the benefit
of the Company and you that, without your prior written consent, the undersigned will not, during the period commencing from the
date of the preliminary prospectus and ending one hundred eighty (180) days (the “Lock-Up Period”) after the
date of the final prospectus relating to the Offering (the “Prospectus”), directly or indirectly: (1) offer,
pledge, assign, encumber, announce the intention to sell, sell, contract to sell, sell any option or contract to purchase, purchase
any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, any shares
of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock owned either of record or beneficially
or may be deemed to be beneficially owned (as defined in Rule 13d-3(a)(2) of the Securities Exchange Act of 1934, as amended, and
the rules and regulations of the SEC promulgated thereunder (the “Exchange Act”)) by the undersigned on the
date hereof or hereafter acquired or (2) enter into any swap or other agreement that transfers, in whole or in part, any of the
economic consequences of ownership of the Common Stock, whether any such transaction described in clause (1) or (2) above is to
be settled by delivery of Common Stock or such other securities, in cash or otherwise, or (3) make any demand for or exercise any
right with respect to, the registration of any shares of Common Stock or any security convertible into or exercisable or exchangeable
for Common Stock, or (4) publicly announce an intention to do any of the foregoing.

 

     

     

    

 

The restrictions in
the immediately preceding paragraph shall not apply to:

 

(a) the sale of the Securities to be sold
pursuant to the Underwriting Agreement;

 

(b) transfers of shares of Common Stock
or any security convertible into or exercisable or exchangeable for Common Stock (i) as a bona fide gift, or gifts, (ii) to
an immediate family member or a trust for the direct or indirect benefit of the undersigned or such immediate family member of
the undersigned, (iii) by will or intestacy, or (iv) pursuant to a qualified domestic order or in connection with a divorce
settlement; provided, that the transferee shall sign and deliver a letter agreement substantially in the form of this letter agreement
prior to such transfer;

 

(c) equity securities issued pursuant to
the Company’s equity incentive plans in effect as of the date hereof or pursuant to bona fide equity incentive plans hereafter
established, and the exercise of options granted under the Company’s equity incentive plans; provided that the shares
of Common Stock delivered upon such exercise are subject to the restrictions set forth in the immediately preceding paragraph;

 

(d) transfers of shares of Common Stock
to the Company (i) as forfeitures to satisfy tax withholding and remittance obligations of the undersigned in connection with
the vesting or exercise of equity awards granted pursuant to the Company’s equity incentive plans, or (ii) pursuant
to a net exercise or cashless exercise by the stockholder of outstanding equity awards pursuant to the Company’s equity incentive
plans;

 

(e) the establishment of a trading plan
that complies with Rule 10b5-1 under the Exchange Act; provided, however, that (i) the restrictions shall apply in
full force to sales or other dispositions pursuant to such Rule 10b5-1 plan during the Lock-Up Period and (ii) no public announcement
or disclosure of entry into such Rule 10b5-1 plan is made or required to be made, including any filing with the SEC under Section
13 or Section 16 of the Exchange Act;

 

(f) transfers of shares of Common Stock
to a charity or education institution;

 

(g) if the undersigned is or, directly
or indirectly, controls a corporation, partnership, limited liability company or other business entity, any transfers of Common
Stock to any shareholder, partner or member of, or owner of similar equity interests in, the undersigned, as the case may be;

 

(h) transactions relating to the Common
Stock acquired in open market transactions after the completion of the Offering; and

 

(i) the transfer
of Common Stock pursuant to a change of control of the Company after the Offering, that has been approved by the independent members
of the Company’s board of directors, provided, that in the event that such change of control is not completed, the
Securities owned by the undersigned shall remain subject to the restrictions herein. For purposes of this clause (i), “change
of control” shall mean the consummation of any bona fide third party tender offer, merger, consolidation or other similar
transaction made to all holders of Securities the result of which is that any “person” (as defined in Section 13(d)(3)
of the Exchange Act), or group of persons, becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 of the Exchange Act)
of more than 50% of the voting capital stock of the Company;

 

     

     

    

 

provided that, in the case of clauses
(b), (f), (g) and (h), no filing under Section 13 or Section 16(a) of the Exchange Act reporting a reduction in beneficial ownership
of shares of Common Stock or other public announcement shall be required or voluntarily made by the undersigned or the recipient
during the Lock-Up Period (other than a filing on Form 5 and any required Schedule 13G (or 13G/A) or Form 13F filing); provided
further that, in the case of any transfer or distribution pursuant to clauses (b), (f) and (g), (1) the recipient agrees
to be bound in writing by the same restrictions set forth herein for the duration of the Lock-Up Period and (2) any such transfer
shall not involve a disposition for value.

 

In furtherance of the
foregoing, the Company and any duly appointed transfer agent for the registration or transfer of the securities described herein,
are hereby authorized to decline to make any transfer of securities if such transfer would constitute a violation or breach of
this letter agreement.

 

The undersigned hereby
represents and warrants that the undersigned has full power and authority to enter into this letter agreement. All authority herein
conferred or agreed to be conferred and any obligations of the undersigned shall be binding upon the successors, assigns, heirs
or personal representatives of the undersigned.

 

The undersigned understands
that the undersigned shall be released from all obligations under this letter agreement upon the earlier to occur of: (i) the Registration
Statement does not become effective and the Company files with the SEC a notice of withdrawal of the Registration Statement pursuant
to Rule 477 of the Securities Act of 1933, as amended, (ii) the Underwriting Agreement does not become effective by February 28,
2018, or, if after becoming effective, the Underwriting Agreement (other than the provisions thereof which survive termination)
shall terminate or be terminated prior to payment for and delivery of the Common Stock to be sold thereunder, or (iii) the Company
provides written notice to you that the Company does not intend to proceed with the Offering.

 

The undersigned, whether
or not participating in the Offering, understands that you are entering into the Underwriting Agreement and proceeding with the
Offering in reliance upon this letter agreement.

 

If the undersigned
is an officer or director of the Company, (i) you agree that, at least three (3) business days before the effective date of any
release or waiver of the foregoing restrictions in connection with a transfer of shares of Common Stock, you will notify the Company
of the impending release or waiver, and (ii) the Company shall agree in the Underwriting Agreement to announce the impending release
or waiver by press release through a major news service at least two (2) business days before the effective date of the release
or waiver. Any release or waiver granted by you hereunder with respect to any such officer or director shall only be effective
two (2) business days after the publication date of such press release. The provisions of this paragraph will not apply if (a)
the release or waiver is effected solely to permit a transfer not for consideration and (b) the transferee has agreed in writing
to be bound by the same terms described in this letter to the extent and for the duration that such terms remain in effect at the
time of the transfer.

 

     

     

    

 

This letter agreement shall be governed
by and construed in accordance with the laws of the State of New York, without regard to the conflict of laws principles thereof.

 

 

	 	Very truly yours,
	 	 
	 	Signature: /s/ Fred Eshelman
	 	 
	 	Print Name: Fred EshelmanExhibit 10.145

 

INDEMNIFICATION AGREEMENT
  (Directors and Officers)

 

THIS INDEMNIFICATION AGREEMENT is made and entered into as of the 29th day of January, 2018 by and between MACK-CALI REALTY CORPORATION, a Maryland corporation (the “Company”), and DAVID SMETANA, an individual having an address at 30 Main Street, Apt 8G, Brooklyn, NY 11201 (“Indemnitee”).

 

RECITALS

 

WHEREAS, it is essential to the Company to retain and attract as directors and officers the most capable persons available; and

 

WHEREAS, Indemnitee is a director and/or officer of the Company; and

 

WHEREAS, both the Company and Indemnitee recognize the increased risk of litigation and other claims being asserted against directors and officers of companies in today’s environment; and

 

WHEREAS, the Company’s charter (the “Charter”) and bylaws (the “Bylaws”) provide that the Company will indemnify its directors and officers to the fullest extent permitted by law and will advance expenses in connection therewith, and Indemnitee’s willingness to serve as a director and/or officer of the Company is based on Indemnitee’s reliance on such provisions; and

 

WHEREAS, in recognition of Indemnitee’s need for substantial protection against personal liability in order to enhance Indemnitee’s continued service to the Company in an effective manner, and Indemnitee’s reliance on the aforesaid provisions of the Charter and Bylaws, and in part to provide Indemnitee with specific contractual assurance that the protection promised by such provisions will be available to Indemnitee (regardless of, among other things, any amendment to or revocation of such provisions or any change in the composition of the Company’s Board of Directors or any acquisition or business combination transaction relating to the Company), the Company wishes to provide in this Agreement for the indemnification of and the advancement of expenses to Indemnitee as set forth in this Agreement and, to the extent insurance is maintained, for the continued coverage of Indemnitee under the Company’s directors’ and officers’ liability insurance policies.

 

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

 

1.     Certain Definitions.

 

1.1  “Claim” shall mean any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative, investigative or other, or any inquiry or 

 

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investigation, whether instituted, made or conducted by the Company or any other party, that  Indemnitee in good faith believes might lead to the institution of any such action, suit or proceeding, whether civil, criminal, administrative, investigative or other.

 

1.2  “Expenses” shall mean and include all court costs, attorneys’ fees, disbursements and all other costs, expenses and obligations paid or incurred in connection with investigating., defending, being a witness in or participating in (including on appeal), or preparing to defend, be a witness in or participate in, any Claim relating to any Indemnifiable Event.

 

1.3  “Indemnifiable Event” shall mean any actual or asserted event or occurrence related to the fact that Indemnitee is or was a director, officer, employee, agent or fiduciary of the Company, or is or was serving at the request of the Company as a director, officer, partner, employee, trustee, agent or fiduciary of another corporation, partnership, joint venture, employee benefit plan, trust or other entity, or anything done or not done by Indemnitee in any such capacity.

 

2.     Basic Indemnification Arrangement.  In the event Indemnitee was, is or becomes a party to or witness or other participant in, or is threatened to be made a party to or witness or other participant in, a Claim by reason of (or arising or related in whole or in part out of) an Indemnifiable Event, (a) the Company will indemnify and hold harmless Indemnitee to the fullest extent permitted by law, as soon as practicable, but in any event no later than fifteen (15) calendar days after written demand is presented to the Company, from and against any and all Expenses, judgments, fines, penalties and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses, judgments, fines, penalties or amounts paid in settlement) of, or suffered or incurred by Indemnitee in connection with, such Claim; and (b) the Company will pay or reimburse Indemnitee for any and all Expenses incurred by Indemnitee in connection with a Claim prior to final disposition of the Claim, to the fullest extent permitted by law but without requiring any preliminary determination of the ultimate entitlement of Indemnitee to indemnification, as soon as practicable, but in any event within two (2) business days, after request by Indemnitee.  Notwithstanding anything in this Section 2 or Section 5 of this Agreement to the contrary, Indemnitee will not be entitled to indemnification pursuant to this Agreement in connection with any Claim initiated by Indemnitee against the Company or any director or officer of the Company except as provided in Section 4 of this Agreement or unless the Company has joined in or consented to the initiation of such Claim.

 

3.     Establishment of Trust.  The Company will create a trust (the “Trust”) for the benefit of Indemnitee and from time to time upon written request by Indemnitee will, if so authorized by the Company’s Board of Directors, fund the Trust in an amount sufficient to satisfy any and all Expenses reasonably anticipated at the time of each such request, and any and all judgments, fines, penalties and settlement amounts of any and all Claims relating to an Indemnifiable Event from time to time actually paid or reasonably anticipated or proposed to be paid. The terms of the Trust will provide that (i) the Trust will not be revoked, or the principal thereof invaded, without the written consent of Indemnitee, (ii) the trustee thereunder (the “Trustee”) will advance, within two (2) business days of a request by Indemnitee, any and all Expenses to Indemnitee, (iii) the Trust will continue to be funded by the Company in accordance 

 

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with and to the extent of the funding obligation set forth above, (iv) the Trustee will promptly pay to Indemnitee all amounts to which Indemnitee is entitled in respect of the Company’s indemnification obligations under this Agreement or otherwise, and (v) all unexpended funds in  the Trust will revert to the Company upon a final determination by a court of competent jurisdiction that Indemnitee has been fully indemnified under the terms of this Agreement. The Trustee will be an independent third party, and will be chosen by Indemnitee.  Nothing in this Section 3 will relieve the Company of any of it obligations under this Agreement.

 

4.     Indemnification for Additional Expenses.  The Company will indemnify Indemnitee against and, if requested by Indemnitee, will, within two (2) business days of such request, advance to Indemnitee, any and all attorneys’ fees and other costs, expenses and obligations paid or incurred by Indemnitee in connection with any claim, action, suit or proceeding asserted or brought by Indemnitee for (i) indemnification or payment or reimbursement of Expenses prior to final disposition of the Claim by the Company under this Agreement or any other agreement or under any provisions of the Charter or Bylaws now or hereafter in effect relating to Claims for Indemnifiable Events and/or (ii) recovery under any directors’ and officers’ liability insurance policies maintained by the Company, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, advance expense payment or insurance recovery, as the case may be.

 

5.     Partial Indemnity, Etc.  If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of the Expenses, judgments, fines, penalties and amounts paid in settlement of a Claim but not, however, for all of the total amount thereof, the Company will nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled.  In addition, notwithstanding any other provision of this Agreement, to the extent that Indemnitee has been successful on the merits or otherwise in defense of any or all Claims relating in whole or in part to an Indemnifiable Event or in defense of any issue or matter therein, including dismissal without prejudice, Indemnitee will be indemnified against all Expenses incurred in connection therewith. In connection with any determination as to whether Indemnitee is entitled to be indemnified hereunder, the burden of proof will be on the Company to establish that Indemnitee is not so entitled.  The Company agrees to make any such determination, or to cause such determination to be made, as expeditiously as practicable.

 

6.     No Presumption.  For purposes of this Agreement, the termination of any Claim, action, suit or proceeding by judgment, order, settlement (whether with or without court approval) or conviction, or upon a plea of nolo contendere or its equivalent, will not create a presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by applicable law.

 

7.     Non-Exclusivity. Etc.  The rights of Indemnitee hereunder will be in addition to any other rights Indemnitee may have under the Charter, the Bylaws or the Maryland General Corporation Law (the “MGCL”) or otherwise; provided, however, that to the extent that Indemnitee otherwise would have any greater right to indemnification under any provision of the Charter or Bylaws as in effect on the date hereof, Indemnitee will be deemed to have such greater right hereunder, and provided, further, that to the extent that any change is made to the 

 

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MGCL (whether by legislative action or judicial decision), the Charter and/or the Bylaws which permits any greater right to indemnification than that provided under this Agreement as of the date hereof, Indemnitee will be deemed to have such greater right hereunder. The Company will not adopt any amendment to the Charter or the Bylaws the effect of which would be to deny, diminish or encumber Indenmitee’s right to indemnification under the Charter, the Bylaws, the MGCL or  otherwise as applied to any act or failure to act occurring in whole or in part prior to the date upon which the amendment was approved by the Company’s Board of Directors and/or its stockholders, as the case may be.

 

8.     Liability Insurance.  The Company shall maintain an insurance policy or policies providing directors’ and officers’ liability insurance in an amount not less than $1,000,000 and on customary terms. Indemnitee will be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any Company director or officer.

 

9.     Period of Limitations.  No legal action will be brought and no cause of action will be asserted by or on behalf of the Company or any affiliate of the Company against Indemnitee or Indemnitee’s spouse, personal or legal representatives, executors, administrators, successors, heirs, distributees or legatees after the expiration of three (3) years from the date of accrual of such cause of action, and any claim or cause of action of the Company or its affiliates will be extinguished and deemed released unless asserted by the timely filing of a legal action within such three (3) year period; provided, however, that if any shorter period of limitation is otherwise applicable to any such cause of action, such shorter period will govern.

 

10.  Subrogation.  In the event of payment under this Agreement, the Company will be subrogated to the extent of such payment to all of the related rights of recovery of Indemnitee against other persons or entities. Indemnitee will execute all papers reasonably required and will do everything that may be reasonably necessary to secure such rights and enable the Company effectively to bring suit to enforce such rights (all of Indemnitee’s reasonable costs and expenses, including attorneys’ fees and disbursements, to be reimbursed by or, at the option of Indemnitee, advanced by the Company).

 

11.  No Duplication of Payments.  The Company will not be liable under this Agreement to make any payment in connection with any Claim made against Indemnitee to the extent Indemnitee has otherwise actually received payment (under any insurance policy, the Charter, the Bylaws or otherwise) of the amounts otherwise Indemnifiable hereunder.

 

12.  Successors and Binding Agreement.(a) The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise) to all or substantially all of the business or assets of the Company, by agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent the Company would be required to perform if no such succession had taken place. This Agreement will be binding upon and inure to the benefit of the Company and any successor to the Company, including, without limitation, any person acquiring directly or indirectly all or substantially all of the business or assets of the Company whether by purchase, merger, consolidation, reorganization or otherwise (and such 

 

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successor will thereafter be deemed the “Company” for the purposes of this Agreement), but will not otherwise be assignable, transferable or delegable by the Company.

 

(b)   This Agreement will inure to the benefit of and be enforceable by Indemnitee’s personal or legal representatives, executors, administrators, successors, heirs, distributees and legatees.

 

(c)   This Agreement is personal in nature and neither of the parties hereto will, without the consent of the other, assign, transfer or delegate this Agreement or any rights or obligations hereunder except as expressly provided in Sections 12(a) and 12(b) hereof.  Without limiting the generality or effect of the foregoing, Indemnitee’s right to receive payments hereunder will not be assignable, transferable or delegable, whether by pledge, creation of a security interest or otherwise, other than by a transfer by Indemnitee’s will or by the laws of descent and distribution, and any such attempted assignment shall be null and void and of no effect.

 

13.  Notices.  For all purposes of this Agreement, all communications, including, without limitation, notices, consents, requests or approvals, required or permitted to be given hereunder will be in writing and will be deemed to have been duly given when hand delivered or dispatched by electronic facsimile transmission (with receipt thereof orally confirmed), or five (5) calendar days after having been mailed by United States registered or certified mail, return receipt requested, postage prepaid, or one (1) business day after having been sent for next-day delivery by a nationally recognized overnight courier service, addressed to the Company (to the attention of the Secretary of the Company) at its principal executive office and to Indemnitee at Indemnitee’s principal residence as shown in the Company’s most current records, or to such other address as any party may have furnished to the other in writing and in accordance herewith, except that notices of changes of address will be effective only upon receipt.

 

14.  Governing Law.  The validity, interpretation, construction and performance of this Agreement will be governed by and construed in accordance with the laws of the State of Maryland, without giving effect to the principles of conflict of laws.

 

15.  Validity.  If any provision of this Agreement or the application of any provision hereof to any person or circumstance is held invalid, unenforceable or otherwise illegal, the remainder of this Agreement and the application of such provision to any other person or circumstance will not be affected, and the provision so held to be invalid, unenforceable or otherwise illegal will be reformed to the extent (and only to the extent) necessary to make it enforceable, valid or legal.

 

16.  Miscellaneous.  No provision of this Agreement may be waived, modified or discharged unless such waiver, modification or discharge is agreed to in writing by Indemnitee and the Company.  No waiver by either party hereto at any time of any breach by the other party hereto or compliance with any condition or provision of this Agreement to be performed by such other party will 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, expressed or implied with respect to the subject matter hereof have been made by either party which are not set forth expressly in this Agreement. References to Sections are references to Sections of this Agreement.

 

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17.  Counterparts.  This Agreement may be executed in one (1) or more counterparts, each of which will be deemed to be an original but both of which together will constitute one and the same agreement.

 

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

 

 

	
 
    	
THE COMPANY:
    
	
 
    	
 
    
	
 
    	
MACK-CALI REALTY CORPORATION
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Gary T. Wagner
    
	
 
    	
 
    	
Name:   Gary T. Wagner
    
	
 
    	
 
    	
Title:   General Counsel
    
	
 
    	
 
    
	
 
    	
THE INDEMNITEE:
    
	
 
    	
 
    
	
 
    	
/s/   David Smetana
    
	
 
    	
Name:   David Smetana
    
	
 
    	
 
    

 

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