Document:

Consulting Agreement Between MiMedc, Inc. and James Andrews M.D.

 EXHIBIT 10.26 
 April 10, 2007 
 Dr. James Andrews 
 Alabama Sports Medicine & Orthopedic Center 
 806 St. Vincents Drive 
 Women’s & Children’s Center 
 Suite 415 
 Birmingham, AL 35205 
  

	 	 Re:
	 MiMedx Physician Advisory Board Consulting Agreement  

 Dear Dr. Andrews: 
 MiMedx, Inc. (“MiMedx”or “the Company”) hereby confirms its mutual agreement with you to serve as a consultant to the Company by serving as a member of
the Company’s Physician Advisory Board (“PAB”) upon the terms and conditions set forth in this letter agreement within the field of the clinical development of Orthopedic devices and implants (“Field”) and with respect to
the Company’s other research, development, and business activities. The Field of this agreement may be broadened by mutual consent. The Company understands that you are currently an employee of the Alabama Sports Medicine & Orthopedic
Center and that services to such employer may take precedence over your consulting services to the Company as set out in Section 3 below. 
  

	 	1.	 Your consulting service shall include advising and informing the Company of activities and developments within the Field and providing the Company with the
benefit of your knowledge, experience, skill and judgment in the Field and with respect to the Company’s other research, development, and business activities. 

  

	 	2.	 Upon request by the Company from time to time, and at times mutually agreed upon by you and the Company, you agree to participate in meetings with officials of
the Company and in meetings with all or some of the PAB members at the request of the Company, in person and by telephonic conference calls, for the following compensation as full consideration for all your consulting services and other obligations
under this Consulting Agreement: 

  

	 	(a)	 $75,000 salary per year to be paid quarterly in arrears starting upon full execution of this Agreement. 

  

	 	(b)	 Options to purchase 100,000 shares of the Company’s Common Stock, which shall be vested one-third on the first anniversary and one-third on each of the next
two anniversaries of such grant, provided you are still an active member of the PAB upon each such anniversary at an exercise price 

 Dr. James Andrews 
 April 10, 2007 
  

	 	 
of $1.00 per share which the Board has determined to be the fair market price of the Common Stock of this date. Such option shall be subject to all the terms
of the Company’s stock option plan and the Company’s standard Option Agreement between you and the Company. Additional options, in the Company’s discretion, may also be granted to you, from time to time. 

 

	 	3.	 The Company acknowledges that you are an employee of the Alabama Sports Medicine & Orthopedic Center and are subject to Center’s policies,
including policies concerning consulting, conflicts of interest, and intellectual property, and that your obligations under Center’s policies take priority over any obligations you may have to the Company by reason of this Consulting Agreement.

  

	 	4.	 The period of this Consulting Agreement shall be three (3) years from the date of full execution of this Agreement (“Initial Term”) unless
terminated by either party upon fifteen (15) days’ advance written notice to the other party, in which event compensation for services and travel expense incurred in accordance with this Agreement prior to such termination will be paid by
the Company. If not earlier terminated, this Agreement will be renewed automatically one (1) year from the end of the Initial Term, and from year to year thereafter. 

  

	 	5.	 In addition to the compensation for your consulting services provided in paragraph 2, the Company will reimburse you for necessary and reasonable out-of-pocket
travel and living expenses incurred by you at the Company’s request, within thirty (30) days of submission of a statement to the Company documenting the expenses incurred, provided that the Company’s prior approval shall be required
with respect to such individual expenses in excess of one thousand dollars ($1,000.00). 

  

	 	6.	 You represent and warrant to the Company that you do not have any agreement to provide consulting services to any other party, firm or company in the Field or
whose business would be directly competitive with the business of the Company and will not enter into any such agreement during the term of this Agreement without the Company’s prior written consent. 

 7. 
  

	 	(a)	 You agree that all processes, formulas, data, programs, algorithms, know-how, trade secrets, improvements, discoveries, developments, designs, inventions
(patentable or not), chemical compounds, mixtures, techniques, software, source code, object code, marketing plans, strategies, forecasts, new products, financial information, budgets, projections, licenses, prices, costs, customer and supplier
lists, inventions and discoveries that result from work performed by you for the Company under this Agreement and all intellectual property rights related thereto, whether or not patentable or registrable under copyright or similar statutes or
subject to analagous protection (all of the foregoing, collectively, “Field IP”), shall be the sole and exclusive property of the Company or its nominees, you will notify 

 Dr. James Andrews 
 April 10, 2007 
  

	 	 
the Company thereof promptly and in writing, and you will and hereby do assign to the Company all rights in and to such Field IP upon the creation of any
such Field IP. The Company and its nominees shall have the right to use and/or to apply for statutory or common law protections for such Field IP in any and all countries. You further agree (i) to assist the Company in every proper way to
obtain and from time to time to enforce its rights in such Field IP, at the Company’s expense, and (ii) to execute and deliver to the Company or its nominee upon request all such documents as the Company or its nominee may reasonably
determine are necessary or appropriate. 

  

	 	(b)	 Except as authorized by your employer as designated above or as otherwise provided in this Agreement, the Company shall have no rights by reason of this
Agreement in all processes, formulas, data, programs, algorithms, know-how, trade secrets, improvements, discoveries, developments, designs, inventions (patentable or not), chemical compounds, mixtures, techniques, software, source code, object
code, marketing plans, strategies, forecasts, new products, financial information, budgets, projections, licenses, prices, costs, customer and supplier lists, inventions and discoveries, improvement, or other intellectual property whatsoever,
whether or not publishable, patentable, or copyrightable, that either (i) is developed as a direct result of a program of research financed, in whole or in part, by funds under the control of your employer, or (ii) arises directly, in
connection with, or as an extension of research conducted by, in or under the laboratories of your employer or through the use of its resources. Such intellectual property does NOT constitute Field IP for the purposes of this agreement. It is
understood and agreed that your interest in such intellectual property shall be assigned by you to your employer. 

  

	 	8.	 You agree that if, in the course of your services hereunder, you receive proprietary information of the Company relating to its business operations, research and
development, equipment, or products, and such information is marked or otherwise designated confidential, you will retain all such information in confidence and will not use it, or disclose it, or cause its use or disclosure except in the necessary
course of the performance of your services under this Agreement or with the written consent of the Company. Nothing contained in this Agreement, however, shall prevent the disclosure by you of any information after it is available to the general
public, or of any information which was already available to you at the time such information was acquired by you from the Company or any disclosure of any information furnished to you without obligation of confidentiality by a third party who is
not then in default of any obligation to the Company regarding the confidentiality of such information, or of any information ordered to be disclosed by a court or governmental body, provided that you (i) provide written advance notice to the
Company of such disclosure, (ii) assist the Company, as reasonably requested thereby and at the 

 Dr. James Andrews 
 April 10, 2007 
  

	 	 
expense of the Company, in obtaining confidential treatment of such information, and (iii) take reasonable steps to minimize the extent of such
disclosure. This Section 8 shall be effective during the term of this Consulting Agreement and for a period of five (5) years after termination or expiration hereof for any reason. 

  

	 	9.	 It is acknowledged and agreed that you may not disclose or publish data, results, procedures, or other information relating to the consulting undertaken pursuant
to this Agreement, without the Company’s advance written approval. 

  

	 	10.	 The Company agrees to defend and indemnify you for the cost of defense and for damages awarded, if any, as a result of any third party claims, liabilities, suits
or judgments arising out of this Consulting Agreement, so long as such claims, liabilities, suits, or judgments are not attributable to grossly negligent or intentionally wrongful acts or omissions by you or a material breach by you of this
Agreement. You shall promptly notify the Company of any such claim and shall cooperate with the Company in the defense of such claim; you shall not agree to any settlement with regards to such claim without prior written approval of the Company, and
the Company shall not have any indemnification obligation hereunder with respect to any such settlement reached without its prior written consent. 

  

	 	11.	 The Company and you agree that, in the event of a breach by you of this Agreement, the Company shall, in addition to any other rights and remedies available to
the Company, be entitled to enforcement by specific performance of your obligations hereunder. If any provision of this Agreement shall be declared invalid or unenforceable, such provision shall be enforced to the fullest extent allowed by law, and
all remaining provisions hereof shall continue in full force and effect. This Agreement shall be governed for all purposes by the laws of the State of Florida, and shall be subject to the exclusive jurisdiction of the State and Federal courts
located in Hillsborough County, Florida. 

  

	 	12.	 Your relationship with the Company shall be that of an independent contractor, and you will not be an employee of the Company for any purpose whatsoever. You do
not and shall not have any right or authority to assume or to create any obligation or responsibility, express or implied, on behalf of or in the name of the Company or to bind the Company in any manner. 

  

	 	13.	 The Company may not use your name in any commercial advertisement or similar material that is used to promote or sell products, unless the Company obtains in
advance the written consent of you to such use, provided that, for purposes of clarification but not limitation, the Company shall be entitled to name you as a consultant and describe your role in consulting for the Company in discussions,
materials, and submissions (i) regarding the seeking and/or maintaining of regulatory approvals or (ii) for presentations to, or discussions and negotiations with, or in materials provided to, potential investors, lenders, financial
advisors or strategic partners, or as may otherwise be required by law or regulation. 

 Dr. James Andrews 
 April 10, 2007 
  

	 	14.	 Any notice or communications under this Agreement shall be in writing, addressed as follows, and may be delivered by delivered by hand, by certified mail, return
receipt requested, or by nationally recognized overnight courier, and shall be effective upon receipt: 

 To Consultant: 
 Dr. James Andrews 
 Alabama Sports Medicine & Orthopedic Center 
 806 St. Vincents Drive 
 Women’s & Children’s Center 
 Suite
415 
 Birmingham, AL 35205 
 To MiMedx: 
 MiMedx, Inc. 
 3802 Spectrum Blvd. 
 Ste. 300 
 Tampa, Fl 33612-9218 
 Attn: Matthew Miller, President 
  

	 	15.	 This Agreement may not be assigned by either party without the prior written consent of the other; provided, however, that the Company may assign this Agreement
to any successor to the Company’s business by merger, purchase of assets, or otherwise. This Agreement shall be binding upon the assigns, executors, administrators and other legal representatives of the parties hereto, and shall inure to the
benefit of the Company, its successors and assigns. 

  

	 	16.	 Only the provisions of paragraph 7, 8, and 9 of this Consulting Agreement shall survive termination or expiration hereof. 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the date set forth on the first page hereof. 

 

							
		 		 	 CONSULTANT:

			
	 /s/
	 		 	 /s/ James R. Andrews

		 		 		 	 Dr. James Andrews

			
		 		 	 MIMEDX, INC.

				
		 		 	 By:
	 	 /s/ Matthew Miller

		 		 		 	       Matthew Miller, PresidentConsulting Agreement Between MiMedc, Inc. and Thomas Graham M.D.

 EXHIBIT 10.27 
 Dr. Thomas Graham 
 March 8, 2007 
 Dr. Thomas Graham 
 705 West Timonium Road 
 Lutherville, MD 21903 
 Re:    MiMedX Physician Advisory Board Consulting Agreement  

Dear Dr. Graham: 
 MiMedx, Inc.
(“MiMedX” or “the Company”) hereby confirms its mutual agreement with you to serve as a consultant to the Company by serving as a member of the Company’s Physician Advisory Board (“PAB”) upon the terms and
conditions set forth in this letter agreement (this “Agreement”) strictly within the field of the clinical development of the Company’s proprietary soft tissue bioprosthesis product (“NDGA”) during the term of this Agreement
(“Field”); the Field of this agreement may be broadened by mutual consent. The Company understands that you are currently an employee of the Curtis National Hand Institute (the “Curtis Institute”) and that services to such
employer (and contractual obligations in connection therewith) may take precedence over your consulting services to the Company for your obligations hereunder, as set out in Section 3 below. 
  

	 	1.	 Your consulting service shall consist of advising and informing the Company of activities and developments within the Field and providing the Company with the
benefit of your knowledge, experience, skill and judgment in the Field and with respect to the Company’s other research, development, and business activities within the Field. 

  

	 	2.	 Upon request by the Company from time to time, and at times mutually agreed upon by you and the Company, you agree to participate in meetings with officials of
the Company and in meetings with all or some of the PAB members at the request of the Company, in person and by telephonic conference calls, for the following compensation as full consideration for all your consulting services and other obligations
under this Consulting Agreement: 

  

	 	(a)	 $75,000 salary per year to be paid quarterly. 

  

	 	(b)	 Options, which shall be vested one-third immediately upon grant, one-third on the first anniversary of such grant and one-third on the second anniversary of such
grant, (provided as to any such anniversary vesting, you have not voluntarily terminated this Agreement prior to such anniversary), to purchase 50,000 shares of common stock of the Company 

 Dr. Thomas Graham 
 March 8,2007 
  

	 	 
at an exercise price not less than the current fair market value of the shares of common stock of the Company as determined by the Company’s Board of
Directors, which option grant shall be made promptly following your execution of this Agreement, but not later than              days after the date hereof. Such option shall be
subject to all the terms of the Company’s stock option Plan and the Company’s standard Option Agreement between you and the Company. Additional options, in the Company’s discretion, may also be granted to you, from time to time.

  

	 	3.	 The Company acknowledges that you are an employee of the Curtis National Hand Institute and are subject to the Curtis Institute’s policies, including
policies concerning consulting, conflicts of interest, and intellectual property, and that your obligations under the Curtis Institute’s policies take priority over (and will not constitute any breach of) any obligations you may have to the
Company by reason of this Consulting Agreement. 

  

	 	4.	 The period of this Consulting Agreement shall be three (3) years from the date of full execution of this Agreement (“Initial Term”) unless
terminated by either party at his or its discretion upon fifteen (15) days’ advance written notice to the other party, in which event compensation for services and travel expense incurred in accordance with this Agreement prior to such
termination will be paid by the Company. If not earlier terminated, this Agreement will be renewed automatically one (1) year from the end of the Initial Term, and from year to year thereafter. 

  

	 	5.	 In addition to the compensation for your consulting services provided in paragraph 2, the Company will reimburse you for necessary and reasonable out-of-pocket
travel and living expenses incurred by you at the Company’s request, within thirty (30) days of submission of a statement to the Company documenting the expenses incurred, provided that the Company’s prior approval shall be required
with respect to such individual expenses in excess of one thousand dollars ($1,000.00). 

  

	 	6.	 You represent and warrant to the Company that you do not have any agreement to provide consulting services to any other company in the Field and will not enter
into any such agreement during the term of this Agreement without the Company’s prior written consent. 

  

	 	7.	      

  

	 	(a)	 You agree that all processes, formulas, data, programs, algorithms, know-how, trade secrets, improvements, discoveries, developments, designs, inventions
(patentable or not), chemical compounds, mixtures, techniques, software, source code, object code, marketing plans, strategies, forecasts, financial information, budgets, projections, licenses, prices, costs, customer and supplier lists, inventions
and discoveries that result directly 

 Dr. Thomas Graham 
 March 8,2007 
  

	 	 
from work performed by you for the Company under this Agreement in connection with the Field, and all intellectual property rights related thereto, whether
or not patentable or registrable under copyright or similar statutes or subject to analogous protection (all of the foregoing, collectively, “Field IP”), shall be the sole and exclusive property of the Company or its nominees, you will
notify the Company thereof promptly and in writing, and you will and hereby do assign to the Company all rights in and to such Field IP upon the creation of any such Field IP. The Company and its nominees shall have the right to use and/or to apply
for statutory or common law protections for such Field IP in any and all countries. You further agree (i) to assist the Company with its reasonable requests to obtain and from time to time to enforce its rights in such Field IP, at the
Company’s expense (including, without limitation, attorneys’ fees and court costs), and (ii) to execute and deliver to the Company or its nominee upon request all such documents as the Company or its nominee may reasonably determine
are necessary or appropriate in connection therewith. 

  

	 	(b)	 Except as designated above or as otherwise provided in this Agreement, the Company shall have NO rights by reason of this Agreement in all processes, formulas,
data, programs, algorithms, know-how, trade secrets, improvements, discoveries, developments, designs, inventions (patentable or not), chemical compounds, mixtures, techniques, software, source code, object code, marketing plans, strategies,
forecasts, new products, financial information, budgets, projections, licenses, prices, costs, customer and supplier lists, inventions and discoveries, improvement, or other intellectual property whatsoever, including, without limitation, devices or
implants that may be competitive with or an alternative to, the Field, whether or not publishable, patentable, or copyrightable, that either (i) is developed as a direct result of a program of research financed, in whole or in part, by funds
under the control of your employer, or (ii) arises directly, in connection with, or as an extension of research conducted by, in or under the laboratories of your employer or through the use of its resources or through your individual or
affiliate resources, so long as they do not result directly from work performed by you for the Company in connection with the Field. Such intellectual property does NOT constitute Field IP for the purposes of this Agreement.

  

	 	8.	 You agree that if, in the course of your services hereunder, you receive proprietary information of the Company relating to its business operations, research and
development, equipment, or products, and such information is marked or otherwise designated confidential, you will retain all such information in confidence and will not use it, or disclose it, or cause its use or disclosure except in the necessary
course of the performance of your services under this Agreement or with the written consent of the Company. Nothing contained in this 

 Dr. Thomas Graham 
 March 8,2007 
  

	 	 
Agreement, however, shall prevent the disclosure by you of any information after it is or becomes available to the general public, or of any information
which was already available to you at the time such information was acquired by you from the Company or any disclosure of any information furnished to you by a third party who is not, to your best knowledge, then in default of any obligation of
confidentiality to the Company regarding the confidentiality of such information, is independently developed by you without the use of confidential information of the Company, or of any information ordered to be disclosed by a court or governmental
body, provided that you (i) provide written advance notice to the Company of such disclosure (to the extent permitted by law), (ii) assist the Company, as reasonably requested thereby and at the expense of the Company, in obtaining
confidential treatment of such information, and (iii) take reasonable steps to minimize the extent of such disclosure. This Section 8 shall be effective during the term of this Consulting Agreement and for a period of two (2) years
after termination or expiration hereof for any reason. 

  

	 	9.	 It is acknowledged and agreed that you may not disclose or publish data, results, procedures, or other information relating to the Field IP, without the
Company’s advance written approval. 

  

	 	10.	 The Company agrees to defend and indemnify you for the cost of defense and for damages awarded, if any, as a result of any third party claims, liabilities, suits
or judgments arising out of this Agreement, so long as such claims, liabilities, suits, or judgments are not attributable to grossly negligent or intentionally wrongful acts or omissions by you. You shall promptly notify the Company of any such
claim and shall cooperate with the reasonable requests of the Company in the defense of such claim; you shall not agree to any settlement with regards to such claim without prior written approval of the Company (in each case, which approval or
consent shall not be unreasonably withheld, delayed or conditioned by the Company), and the Company shall not have any indemnification obligation hereunder with respect to any such settlement reached without its prior written consent.

  

	 	11.	 The Company and you agree that, in the event of a breach by you of this Agreement, the Company shall, in addition to any other rights and remedies available to
the Company, be entitled to enforcement by specific performance of your obligations hereunder. If any provision of this Agreement shall be declared invalid or unenforceable, such provision shall be enforced to the fullest extent allowed by law, and
all remaining provisions hereof shall continue in full force and effect. This Agreement shall be governed for all purposes by the laws of the State of Florida, and shall be subject to the exclusive jurisdiction of the State and Federal courts
located in Hillsborough County, Florida. 

  

	 	12.	 Your relationship with the Company shall be that of an independent contractor, and you will not be an employee of the Company for any purpose whatsoever. You do
not and shall not have any right or authority to assume or to create any 

 Dr. Thomas Graham 
 March 8,2007 
  

	 	 
obligation or responsibility, express or implied, on behalf of or in the name of the Company or to bind the Company in any manner.

  

	 	13.	 The Company may not use your name in any commercial advertisement or similar material that is used to promote or sell products, unless the Company obtains in
advance the written consent of you to such use, provided that, for purposes of clarification but not limitation, the Company shall be entitled to name you as a consultant and describe your role in consulting for the Company in discussions,
materials, and submissions (i) regarding the seeking and/or maintaining of regulatory approvals or (ii) for presentations to, or discussions and negotiations with, or in materials provided to, potential investors, lenders, financial
advisors or strategic partners, or as may otherwise be required by law or regulation. 

  

	 	14.	 Any notice or communications under this Agreement shall be in writing, addressed as follows, and may be delivered by delivered by hand, by certified mail, return
receipt requested, or by nationally recognized overnight courier, and shall be effective upon receipt: 

  

			
		 	 To Consultant:

		
		 	 Dr. Thomas Graham

		 	 705 West Timonium Road

		 	 Lutherville, MD 21903

		
		 	 To MiMedX:

		
		 	 MiMedX, Inc.

		 	 1234 Airport Road

		 	 Suite 105

		 	 Destin, Florida 32541

		 	 Attn: Matthew Miller, President

  

	 	15.	 This Agreement may not be assigned by either party without the prior written consent of the other; provided, however, that the Company may assign this Agreement
to any successor to the Company’s business by merger, purchase of assets, or otherwise upon at least thirty (30) days prior written notice to you. This Agreement shall be binding upon the assigns, executors, administrators and other legal
representatives of the parties hereto, and shall inure to the benefit of the Company, its successors and assigns. 

  

	 	16.	 Only the provisions of paragraph 7, 8, and 9 of this Consulting Agreement shall survive termination or expiration hereof. 

 Dr. Thomas Graham 
 March 8,2007 
  

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the date set forth on
the first page hereof. 
  

									
		 	 WITNESS:
	 		  	 CONSULTANT:

				
		 	  
	 		  	 /s/ Thomas Graham 3/08/07

		 		 		  	 Thomas Graham, MD

				
		 	 ATTEST:
	 		  	 MiMedX, Inc.

					
		 	 /s/
	 		  	 By:
	 	 /s/ Matthew Miller

		 		 		  		 	 Matthew Miller, President

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