Document:

Exhibit 10.6

 

ENTRADA THERAPEUTICS,
INC.

SENIOR EXECUTIVE CASH INCENTIVE BONUS PLAN

 

		1.	Purpose

 

This Senior Executive Cash
Incentive Bonus Plan (the “Incentive Plan”) is intended to provide an incentive for superior work and to motivate eligible
executives of Entrada Therapeutics, Inc. (the “Company”) and its subsidiaries toward even higher achievement and business
results, to tie their goals and interests to those of the Company and its stockholders and to enable the Company to attract and retain
highly qualified executives. The Incentive Plan is for the benefit of Covered Executives (as defined below).

 

		2.	Covered Executives

 

From time to time, the Compensation
Committee of the Board of Directors of the Company (the “Compensation Committee”) may select certain key executives (the “Covered
Executives”) to be eligible to receive bonuses hereunder. Participation in this Plan does not change the “at will” nature
of a Covered Executive’s employment with the Company.

 

		3.	Administration

 

The Compensation Committee
shall have the sole discretion and authority to administer and interpret the Incentive Plan.

 

		4.	Bonus Determinations

 

(a)               Corporate
Performance Goals. A Covered Executive may receive a bonus payment under the Incentive Plan based upon the attainment of one or
more performance objectives that are established by the Compensation Committee and relate to financial and operational metrics with
respect to the Company or any of its subsidiaries (the “Corporate Performance Goals”), including: research and
development, publication, clinical and/or regulatory milestones; cash flow (including, but not limited to, operating cash flow and
free cash flow); revenue; corporate revenue; earnings before interest, taxes, depreciation and amortization; net income (loss)
(either before or after interest, taxes, depreciation and/or amortization); changes in the market price of our common stock;
economic value-added; acquisitions or strategic transactions, including collaborations, joint ventures or promotion arrangements;
operating income (loss); return on capital, assets, equity, or investment; stockholder returns; return on sales; gross or net profit
levels; productivity; expense efficiency; margins; operating efficiency; customer satisfaction; working capital; earnings (loss) per
share of our common stock; bookings, new bookings or renewals; sales or market shares; number of customers, number of new customers
or customer references; operating income and/or net annual recurring revenue; or any other performance goal selected by the
Compensation Committee, any of which may be (A) measured in absolute terms or compared to any incremental increase, (B)
measured in terms of growth, (C) compared to another company or companies or to results of a peer group, (D) measured against the
market as a whole and/or as compared to applicable market indices and/or (E) measured on a pre-tax or post-tax basis (if
applicable). Further, any Corporate Performance Goals may be used to measure the performance of the Company as a whole or a business
unit or other segment of the Company, or one or more product lines or specific markets. The Corporate Performance Goals may differ
from Covered Executive to Covered Executive.

 

    

     

    

 

(b)              
Calculation of Corporate Performance Goals. At the beginning of each applicable performance period, the Compensation Committee
will determine whether any significant element(s) will be included in or excluded from the calculation of any Corporate Performance Goal
with respect to any Covered Executive.  In all other respects, Corporate Performance Goals will be calculated in accordance with
the Company’s financial statements, generally accepted accounting principles, or under a methodology established by the Compensation
Committee at the beginning of the performance period and that is consistently applied with respect to a Corporate Performance Goal in
the relevant performance period.

 

(c)              
Target; Minimum; Maximum. Each Corporate Performance Goal shall have a “target” (100 percent attainment of the
Corporate Performance Goal) and may also have a “minimum” hurdle and/or a “maximum” amount.

 

(d)              
Bonus Requirements; Individual Goals. Except as otherwise set forth in this Section 4(d): (i) any bonuses paid to Covered
Executives under the Incentive Plan shall be based upon objectively determinable bonus formulas that tie such bonuses to one or more performance
targets relating to the Corporate Performance Goals, (ii) bonus formulas for Covered Executives shall be adopted in each performance period
by the Compensation Committee and communicated to each Covered Executive at the beginning of each performance period and (iii) no bonuses
shall be paid to Covered Executives unless and until the Compensation Committee makes a determination with respect to the attainment of
the performance targets relating to the Corporate Performance Goals. Notwithstanding the foregoing, the Compensation Committee may adjust
bonuses payable under the Incentive Plan based on achievement of one or more individual performance objectives or pay bonuses (including,
without limitation, discretionary bonuses) to Covered Executives under the Incentive Plan based on individual performance goals and/or
upon such other terms and conditions as the Compensation Committee may in its discretion determine.

 

(e)              
Individual Target Bonuses. The Compensation Committee shall establish a target bonus opportunity for each Covered Executive
for each performance period. For each Covered Executive, the Compensation Committee shall have the authority to apportion the target award
so that a portion of the target award shall be tied to attainment of Corporate Performance Goals and a portion of the target award shall
be tied to attainment of individual performance objectives.

 

(f)               
Employment Requirement. Subject to any additional terms contained in a written agreement between the Covered Executive and
the Company, the payment of a bonus to a Covered Executive with respect to a performance period shall be conditioned upon the Covered
Executive’s employment by the Company on the bonus payment date. If a Covered Executive was not employed for an entire performance
period, the Compensation Committee may pro rate the bonus based on the number of days employed during such period.

 

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		5.	Timing of Payment

 

(a)              
With respect to Corporate Performance Goals established and measured on a basis more frequently than annually (e.g., quarterly
or semi-annually), the Corporate Performance Goals will be measured at the end of each performance period after the Company’s financial
reports with respect to such period(s) have been published. If the Corporate Performance Goals and/or individual goals for such period
are met, payments will be made as soon as practicable following the end of such period, but not later 74 days after the end of the fiscal
year in which such performance period ends.

 

(b)              
With respect to Corporate Performance Goals established and measured on an annual or multi-year basis, Corporate Performance Goals
will be measured as of the end of each such performance period (e.g., the end of each fiscal year) after the Company’s financial
reports with respect to such period(s) have been published. If the Corporate Performance Goals and/or individual goals for any such period
are met, bonus payments will be made as soon as practicable, but not later than 74 days after the end of the relevant fiscal year.

 

(c)              
For the avoidance of doubt, bonuses earned at any time in a fiscal year must be paid no later than 74 days after the last day of
such fiscal year.

 

		6.	Amendment and Termination

 

The Company reserves the right
to amend or terminate the Incentive Plan at any time in its sole discretion.

 

		7.	Company Recoupment Rights

 

A Covered Executive’s
rights with respect to any award granted pursuant to the Incentive Plan shall in all events be subject to reduction, cancellation, forfeiture
or recoupment to the extent necessary to comply with (i) any right that the Company may have under any Company clawback, forfeiture or
recoupment policy as in effect from time to time or other agreement or arrangement with a Covered Executive, or (ii) applicable law.

 

Adopted September 30, 2021,
subject to effectiveness of the Company’s Registration Statement on Form S-1.

 

    3Exhibit 10.7

 

EMPLOYMENT AGREEMENT

 

This Employment Agreement
(“Agreement”) dated as of [DATE] is made by and between Entrada Therapeutics, Inc., a Delaware corporation (the
 “Company”), and [INSERT] (the “Executive”). This Agreement shall become effective as of
[DATE], which, unless otherwise provided by the Company, will be the first day of the Executive’s employment with the Company
(the “Start Date”).

 

WHEREAS, the Company desires to
employ the Executive and the Executive desires to be employed by the Company on the terms contained herein, effective as of the Start
Date.

 

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

 

1.             Position
and Duties. The Executive shall serve as a [INSERT] for the Company and shall have such powers and duties as may from time to
time be prescribed by the Chief Executive Officer (the “CEO”) and the Board of Directors of the Company
(including any committee thereof, the “Board”). The Executive shall devote all of the Executive’s working
time and efforts to the business and affairs of the Company and shall not engage in any business activities other than the
Executive’s duties to the Company, except as provided in the following sentence. Notwithstanding the foregoing, the Executive
may engage in religious, charitable or other community activities as long as such services and activities do not compete with, pose
a conflict of interest with or interfere with the Company’s business activities or the Executive’s duties to the Company
as provided in this Agreement.

 

 2.             Compensation and Related Matters.

 

 (a)                Base Salary. The Executive’s base salary shall be paid at the rate of $[INSERT] per year. The Executive’s base salary shall be subject to periodic review and adjustment by the CEO, the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in installments in a manner that is consistent with the Company’s usual payroll practices.

 

(b)              
Incentive Compensation. The Executive shall be eligible to receive annual cash incentive compensation as determined by the
Board. The Executive’s initial target annual incentive compensation shall be [INSERT]% percent of the Executive’s Base Salary.
Whether incentive compensation has been earned and the actual amount of the Executive’s annual incentive compensation, if any, shall
be determined in the sole discretion of the Board or the Compensation Committee. The Executive’s target incentive compensation is
subject to change by the Board or the Compensation Committee. To earn any incentive compensation, the Executive must be employed by the
Company through the date on which the incentive compensation is paid. Any earned annual incentive compensation for the year in which the
Start Date occurs shall be prorated based on when the Start Date occurs.

 

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(c)               
 Expenses. The Executive shall be eligible to receive reimbursement for all reasonable and necessary business expenses incurred
by the Executive in performing services hereunder, subject to the Company’s applicable policies and procedures in effect from time
to time.

 

(d)              
Other Benefits. The Executive shall be eligible to participate in or receive benefits under the Company’s employee
benefit plans in effect from time to time, subject to the terms of such plans.

 

(e)               
Paid Time Off. The Executive shall be eligible to take paid time off in accordance with, and subject to, the Company’s
paid time off policy in effect from time to time. As Executive will not accrue time under this paid time off policy, Executive will not
be paid for “unused” time upon termination of employment.

 

(f)                
Equity. Subject to the approval of the Company’s Board of Directors (including any committee thereof, the “Board”)
Executive will be granted an option to purchase [INSERT] shares of the Company’s common stock (the “Option”),
subject in all respects to the Company’s stock plan and the associated stock option agreement required to be entered into by the
Executive and the Company (the “Equity Documents”).

 

3.            
Termination. The Executive’s employment hereunder may be terminated without any breach of this Agreement under the
following circumstances:

 

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

 

 (b)                Disability. “Disability” means the inability of the Executive to substantially perform the Executive’s duties with or without a reasonable accommodation for 120 consecutive days to the Company as a result of the Executive’s incapacity due to illness or physical disability.

 

(c)               
By Company for Cause. The Company may terminate the Executive’s employment hereunder for Cause. For purposes of this
Agreement, “Cause” shall mean any of the following:

 

(i)                
conduct by the Executive constituting a material act of misconduct in connection with the performance of the Executive’s
duties, including, without limitation, (A) willful failure or refusal to perform material responsibilities that have been reasonably requested
by the CEO or the Board; (B) material dishonesty to the CEO or the Board with respect to any material matter; or (C) misappropriation
of funds or property of the Company or any of its subsidiaries or affiliates other than the occasional, customary and de minimis use
of Company property for personal purposes;

 

(ii)              
(A) the commission by the Executive of acts satisfying the elements of fraud related to the Company, the Company’s business
activities, or the Executive’s duties to the Company; or (B) or the Executive having been charged with or indicted for any felony;

 

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(iii)             
 any misconduct by the Executive, regardless of whether or not in the course of the Executive’s employment, that would reasonably
be expected to result in material injury or reputational harm to the Company or any of its subsidiaries or affiliates if the Executive
were to continue to be employed in the same position;

 

(iv)             
material non-performance by the Executive of the Executive’s duties hereunder (other than by reason of the Executive’s
physical or mental illness, incapacity or Disability) which material non-performance, if curable, has continued for more than 30 days
following written notice of such material non-performance from the CEO or the Board;

 

(v)              
a material breach by the Executive of any of the Executive’s confidentiality or restrictive covenant obligations to the Company,
including without limitation under this Agreement;

 

(vi)             
a material violation by the Executive of any of the Company’s written employment policies that would reasonably be expected
to result in material injury or reputational harm to the Company or any of its subsidiaries or affiliates; or

 

(vii)            
the Executive’s failure to cooperate with a bona fide internal investigation or an investigation by regulatory or law enforcement
authorities, after being instructed by the Company to cooperate, or the willful destruction or failure to preserve documents or other
materials known to be relevant to such investigation or the inducement of others to fail to cooperate or to produce documents or other
materials in connection with such investigation.

 

 (d)                By the Company without Cause. The Company may terminate the Executive’s employment hereunder at any time without Cause. A termination due the death or Disability of the Executive shall not constitute a termination without Cause.

 

(e)                By the Executive. The Executive may terminate employment hereunder at any time for any reason, including but not limited
to, Good Reason. For purposes of this Agreement, “Good Reason” shall mean that the Executive has completed all steps
of the Good Reason Process (as defined below) following the occurrence of any of the following events without the Executive’s consent
(each, a “Good Reason Condition”):

 

  (i)               
a material diminution in the Executive’s Base Salary then in effect, except for across-the-board salary reductions based
on the Company’s financial performance similarly affecting all or substantially all senior management employees of the Company;

 

  (ii)              
a material change of at least thirty (30) miles of driving distance in the geographic location of the principal Company location
to which the Executive is currently assigned by the Company (excluding (I) any such change applicable to any Executive whose work location
is designated by the Company in good faith as permanently remote; and (II) any shift from remote to in-person work, or vice versa, required
by the Company in good faith in connection with the COVID-19 pandemic or any other pandemic, neither of which ((I) or (II)) shall constitute
Good Reason hereunder);

 

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 (iii)                a material diminution in the Executive’s title; or

 

(iv)               
a requirement that the Executive report to a corporate office or employee other than the Company’s Chief Executive Officer.

 

The “Good Reason Process” consists of the
following steps:

 

(i)                
the Executive reasonably determines in good faith that a Good Reason Condition has occurred;

 

(ii)               
the Executive notifies the Company in writing of the first occurrence of the Good Reason Condition within 60 days of the first
occurrence of such condition;

 

(iii)             
the Executive cooperates in good faith with the Company’s efforts, for a period of not less than 30 days following such notice
(the “Cure Period”), to remedy the Good Reason Condition;

 

(iv)             
notwithstanding such efforts, the Good Reason Condition continues to exist; and

 

(v)              
the Executive terminates employment within 60 days after the end of the Cure Period.

 

If the Company cures the Good Reason Condition during
the Cure Period, Good Reason shall be deemed not to have occurred.

 

 4.             Notice and Date of Termination.

 

(a)               
Notice of Termination. Except for termination due to the Executive’s death, any termination of the Executive’s
employment by the Company or any such termination by the Executive shall be communicated by written Notice of Termination to the other
party hereto. For purposes of this Agreement, a “Notice of Termination” shall mean a notice which shall indicate the
specific termination provision in this Agreement relied upon.

 

(b)               Date
of Termination. “Date of Termination” shall mean: (i) if the Executive’s employment is terminated by
death, the date of death; (ii) if the Executive’s employment is terminated on account of Disability or by the Company for
Cause, the date on which Notice of Termination is given; (iii) if the Executive’s employment is terminated by the Company
without Cause, the date on which a Notice of Termination is given or the date otherwise specified by the Company in the Notice of
Termination; (iv) if the Executive’s employment is terminated by the Executive other than for Good Reason, 30 days after the
date on which a Notice of Termination is given, and (v) if the Executive’s employment is terminated by the Executive for Good
Reason, the date on which a Notice of Termination is given after the end of the Cure Period. Notwithstanding the foregoing, in the
event that the Executive gives a Notice of Termination to the Company, the Company may unilaterally accelerate the Date of
Termination (provided that the Company pays the Executive’s Base Salary during the applicable notice period) and such
acceleration shall not result in a termination by the Company for purposes of this Agreement.

 

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5.             Severance Pay and Benefits Upon Termination by the Company without Cause or by the Executive for Good Reason Outside of the
Sale Event Period.

 

(a)               
If the Executive’s employment is terminated by the Company without Cause or the Executive terminates employment for Good
Reason (either such termination, a “Qualifying Termination”), in either case outside of the Sale Event Period (as defined
below), subject to (i) the Executive signing a separation agreement and release in a form and manner satisfactory to the Company, which
agreement shall include, without limitation, a general release of claims against the Company and all related persons and entities, a [INSERT]
post- employment noncompetition obligation that is equal in scope to the [INSERT] post-employment noncompetition obligation contained
within this Agreement, a reaffirmation (which reaffirmation shall not be drafted or construed to impose new obligations) of all of the
Executive’s other confidentiality and restrictive covenant obligations to the Company, and a seven (7) business day revocation period,
and shall provide that if the Executive breaches any of the Executive’s restrictive covenant obligations the Executive is obligated
to comply with, all payments of the Severance Amount (as defined below) shall immediately cease (the “Release”), and
(ii) the Release becoming irrevocable, all within 60 days after the Date of Termination (or such shorter period as set forth in the Release)
((i) and (ii) collectively, the “Release Requirement”) (for purposes of clarity, the Release will not waive claims
for vested benefits and vested equity or the Executive’s rights to indemnification as provided in this Agreement), the Company shall:

 

(i)                
pay the Executive the Severance Amount (defined below), provided, in the event the Executive is entitled to any Non-Compete
Payments (as defined below), the Severance Amount received in any calendar year will be reduced by the Non-Compete Payments the Executive
is paid in the same such calendar year (the “Restrictive Covenants Agreement Setoff”);

 

(ii)              
pay the Executive any annual bonus for the year in which the Date of Termination occurs, subject in all respects to applicable
bonus terms, conditions and achievement as determined by the Board, prorated based on when in the year the Date of Termination occurs,
and paid when annual bonuses for such year are paid to senior executives generally;

 

(iii)           
pay the Executive any earned but unpaid incentive compensation (subject to Section 2(b) (“Incentive Compensation”)
of this Agreement) for the year prior to the year in which the Date of Termination occurs; and

 

(iv)             subject
to the Executive’s copayment of premium amounts at the applicable active employees’ rate and the Executive’s
proper election to receive benefits under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended
(“COBRA”), the Company shall pay to the group health plan provider (and, to the extent permitted by COBRA, the
group dental and vision plan providers), the COBRA provider or the Executive a monthly payment equal to the monthly employer
contribution that the Company would have made to provide health insurance to the Executive if the Executive had remained employed by
the Company until the earliest of (A) nine (9) months from the Date of Termination; (B) the Executive’s eligibility for group
medical plan benefits under any other employer’s group medical plan; or (C) the cessation of the Executive’s
continuation rights under COBRA; provided, however, if the Company determines that it cannot pay such amounts to the group health
plan provider or the COBRA provider (if applicable) without potentially violating applicable law (including, without limitation,
Section 2716 of the Public Health Service Act), then the Company shall convert such payments to payroll payments directly to the
Executive for the time period specified above (collectively, the “COBRA Payments”). The COBRA Payments shall be
subject to tax-related deductions and withholdings and paid on the Company’s regular payroll dates.

 

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(b)              
The “Severance Amount” means: [INSERT] months of the Executive’s Base Salary as of the Date of Termination,
paid as salary continuation as provided in the following subsection.

 

(c)               
The Severance Amount and COBRA Payments shall be paid out in substantially equal installments in accordance with the Company’s
payroll practice over nine (9) months, commencing within 60 days after the Date of Termination; provided, however, that if the
60-day period begins in one calendar year and ends in a second calendar year, the Severance Amount, to the extent it qualifies as “non-qualified
deferred compensation” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”),
shall begin to be paid in the second calendar year by the last day of such 60-day period; provided, further, that the initial payment
shall include a catch-up payment to cover amounts retroactive to the day immediately following the Date of Termination. Each payment pursuant
to this Agreement is intended to constitute a separate payment for purposes of Treasury Regulation Section 1.409A- 2(b)(2).

 

6.             Severance
Pay and Benefits Upon Termination by the Company without Cause or by the Executive for Good Reason During the Sale Event Period.

 

(a)               
If the Executive experiences a Qualifying Termination during the period beginning ninety (90) days prior to a Sale Event and ending
on the one (1) year anniversary of the Sale Event (such period, the “Sale Event Period”), subject to the Release Requirement,
the Company shall:

 

  (i)                
cause 100% of the outstanding and unvested equity awards with time-based vesting held by the Executive to immediately become fully
vested, exercisable or nonforfeitable as of the Date of Termination; provided, that the performance conditions applicable to any
outstanding and unvested equity awards subject to performance conditions will be deemed satisfied at the higher of actual achievement
or the target level specified in the terms of the applicable award agreement;

 

   (ii)               pay
to the Executive a lump sum amount equal to the sum of (I) 100% of Base Salary and (II) 100% of the Executive’s annual target
bonus in effect immediately prior to the Qualified Termination (or the Executive’s target bonus in effect immediately prior to
the Sale Event, if higher); provided that such amount shall be reduced by the amount of the Restrictive Covenants Agreement
Setoff, if applicable, paid or to be paid in the same calendar year;

 

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  (iii)              
pay to the Executive any earned but unpaid Incentive Compensation for the year prior to the year in which the Date of Termination
occurs;

 

   (iv)            
pay to the Executive a lump sum amount equal to the Executive’s annual target bonus for the year in which the Qualified Termination
occurs, prorated as of the Date of Termination; and

 

   (v)               subject
to the Executive’s copayment of premium amounts at the applicable active employees’ rate and the Executive’s
proper election to receive benefits under COBRA, the Company shall pay to the group health plan provider (and, to the extent
permitted by COBRA, the group dental and vision plan providers), the COBRA provider or the Executive a monthly payment equal to the
monthly employer contribution that the Company would have made to provide health insurance to the Executive if the Executive had
remained employed by the Company until the earliest of (A) twelve (12) months from the Date of Termination; (B) the
Executive’s eligibility for group medical plan benefits under any other employer’s group medical plan; or (C) the
cessation of the Executive’s continuation rights under COBRA; provided, however, if the Company determines that it cannot pay
such amounts to the group health plan provider or the COBRA provider (if applicable) without potentially violating applicable law
(including, without limitation, Section 2716 of the Public Health Service Act), then the Company shall convert such payments to
payroll payments directly to the Executive for the time period specified above. Such payments shall be subject to tax-related
deductions and withholdings and paid on the Company’s regular payroll dates.

 

The amounts payable under subsections (ii), (iv) and (v)
of this Section shall be paid or commence to be paid within sixty (60) days after the Date of Termination; provided, however, that if
the 60-day period begins in one calendar year and ends in a second calendar year, the amounts shall be paid in the second calendar year
no later than the last day of the 60-day period. For the avoidance of doubt, the severance pay and benefits provided in this Section shall
apply in lieu of, and expressly supersede, the severance benefits provided for in the event of a Qualifying Termination outside of the
Sale Event Period.

 

7.             Sale
Event. In the case of and subject to the consummation of a Sale Event, in the event the parties to the Sale Event do not provide
for the assumption, continuation or substitution of outstanding equity awards, all equity awards with time-based vesting, conditions
or restrictions shall become fully vested, exercisable and/or nonforfeitable as of the effective time of the Change in Control, and all
equity awards with conditions and restrictions relating to the attainment of performance goals may become vested and nonforfeitable in
connection with a Change in Control in the Board’s discretion or as set forth in the applicable award agreement.

 

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 8.             Additional Limitation.

 

(a)                Anything
in this Agreement to the contrary notwithstanding, in the event that the amount of any compensation, payment or distribution by the
Company to or for the benefit of the Executive, whether paid or payable or distributed or distributable pursuant to the terms of
this Agreement or otherwise, calculated in a manner consistent with Section 280G of the Code and the applicable regulations
thereunder (the “Aggregate Payments”), would be subject to the excise tax imposed by Section 4999 of the Code,
then the Aggregate Payments shall be reduced (but not below zero) so that the sum of all of the Aggregate Payments shall be $1.00
less than the amount at which the Executive becomes subject to the excise tax imposed by Section 4999 of the Code; provided that
such reduction shall only occur if it would result in the Executive receiving a higher After Tax Amount (as defined below) than the
Executive would receive if the Aggregate Payments were not subject to such reduction. In the event of such reduction, the Aggregate
Payments shall be reduced in the following order, in each case, in reverse chronological order beginning with the Aggregate Payments
that are to be paid the furthest in time from consummation of the transaction that is subject to Section 280G of the Code: (i) cash
payments not subject to Section 409A of the Code; (ii) cash payments subject to Section 409A of the Code; (iii) equity-based
payments and acceleration; and (iv) non-cash forms of benefits; provided that in the case of all the foregoing Aggregate Payments
all amounts or payments that are not subject to calculation under Treas. Reg. §1.280G-1, Q&A-24(b) or (c) shall be reduced
before any amounts that are subject to calculation under Treas. Reg. §1.280G-1, Q&A-24(b) or (c).

 

(b)              
For purposes of this Section, the “After Tax Amount” means the amount of the Aggregate Payments less all federal,
state, and local income, excise and employment taxes imposed on the Executive as a result of the Executive’s receipt of the Aggregate
Payments. For purposes of determining the After Tax Amount, the Executive shall be deemed to pay federal income taxes at the highest marginal
rate of federal income taxation applicable to individuals for the calendar year in which the determination is to be made, and state and
local income taxes at the highest marginal rates of individual taxation in each applicable state and locality, net of the maximum reduction
in federal income taxes (if any) which could be obtained from deduction of such state and local taxes.

 

(c)                The
determination as to whether a reduction in the Aggregate Payments shall be made pursuant to subsection (a) shall be made by the
Accounting Firm, which shall provide detailed supporting calculations both to the Company and the Executive within fifteen (15)
business days of the Date of Termination, if applicable, or at such earlier time as is reasonably requested by the Company or the
Executive. Any determination by the Accounting Firm shall be binding upon the Company and the Executive. “Accounting
Firm” shall mean a nationally recognized accounting firm selected by the Company.

 

 9.             Section 409A.

 

(a)                Anything
in this Agreement to the contrary notwithstanding, if at the time of the Executive’s separation from service within the
meaning of Section 409A of the Code, the Company determines that the Executive is a “specified employee” within the
meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Executive becomes entitled to
under this Agreement or otherwise on account of the Executive’s separation from service would be considered deferred
compensation otherwise subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the
application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until
the date that is the earlier of (A) six months and one day after the Executive’s separation from service, or (B) the
Executive’s death. If any such delayed cash payment is otherwise payable on an installment basis, the first payment shall
include a catch-up payment covering amounts that would otherwise have been paid during the six-month period but for the application
of this provision, and the balance of the installments shall be payable in accordance with their original schedule.

 

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(b)               All
in-kind benefits provided and expenses eligible for reimbursement under this Agreement shall be provided by the Company or incurred
by the Executive during the time periods set forth in this Agreement. All reimbursements shall be paid as soon as administratively
practicable, but in no event shall any reimbursement be paid after the last day of the taxable year following the taxable year in
which the expense was incurred. The amount of in-kind benefits provided or reimbursable expenses incurred in one taxable year shall
not affect the in-kind benefits to be provided or the expenses eligible for reimbursement in any other taxable year (except for any
lifetime or other aggregate limitation applicable to medical expenses). Such right to reimbursement or in-kind benefits is not
subject to liquidation or exchange for another benefit.

 

(c)               
To the extent that any payment or benefit described in this Agreement constitutes “non-qualified deferred compensation”
under Section 409A of the Code, and to the extent that such payment or benefit is payable upon the Executive’s termination of employment,
then such payments or benefits shall be payable only upon the Executive’s “separation from service.” The determination
of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation
Section 1.409A-1(h).

 

(d)              
The parties intend that this Agreement will be administered in accordance with Section 409A of the Code. To the extent that any
provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner
so that all payments hereunder comply with Section 409A of the Code. Each payment pursuant to this Agreement is intended to constitute
a separate payment for purposes of Treasury Regulation Section 1.409A-2(b)(2). The parties agree that this Agreement may be amended, as
reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and
regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party.

 

(e)               
The Company makes no representation or warranty and shall have no liability to the Executive or any other person if any provisions
of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption
from, or the conditions of, such Section.

 

 10.           Confidential Information.

 

(a)               
The Executive understands that the Company continually obtains and develops valuable proprietary and confidential information concerning
its scientific or business affairs (the “Confidential Information”) which may become known to the Executive in connection
with the Executive’s employment by the Company.

 

    9 

     

    

 

(b)              
 The Executive acknowledges that all Confidential Information, whether or not in writing and whether or not labeled or identified
as confidential or proprietary, is and shall remain the exclusive property of the Company or the third party providing such information
to the Executive or the Company. By way of illustration, but not limitation, Confidential Information may include Inventions, trade secrets,
technical information, know-how, research and development activities of the Company, product and marketing plans, customer and supplier
information and information disclosed to the Company or to the Executive by third parties of a proprietary or confidential nature or under
an obligation of confidence. Confidential Information is contained in various media, including without limitation, patent applications,
research data and observations, records of clinical trials, computer programs in object and/or source code, technical specifications,
laboratory notebooks, supplier and customer lists, internal financial data and other documents and records of the Company.

 

(c)               
The Executive agrees that the Executive shall not, during the term of the Executive’s engagement by the Company and thereafter,
publish, disclose or otherwise make available to any third party any Confidential Information except as expressly authorized herein or
in writing by the Company. The Executive may disclose Confidential Information to (i) directors, employees, consultants and representatives
of the Company and to (ii) accountants, financial advisors and counsel of the Executive, who have a bona fide need to know such information
and who are bound by an obligation not to use or disclose such information without authorization from the Company. The Executive agrees
that the Executive shall use such Confidential Information only in the performance of the Executive’s duties for the Company and
in accordance with any Company policies with respect to the protection of Confidential Information. The Executive agrees not to use such
Confidential Information for the Executive’s own benefit or for the benefit of any other person or business entity.

 

(d)               The
Executive agrees to exercise all reasonable precautions to protect the integrity and confidentiality of Confidential Information in
the Executive’s possession and not to remove any materials containing Confidential Information from the Company’s
premises except to the extent necessary to the Executive’s employment for the benefit of the Company. Upon the termination of
the Executive’s employment by the Company, or at any time upon the Company’s request, the Executive shall return to the
Company, within 10 business days after the Date of Termination, any and all materials containing any Confidential Information then
in the Executive’s possession or under the Executive’s control.

 

(e)               
Notwithstanding anything to the contrary in this Agreement or any other agreement between the Executive and the Company, the Executive
understands that nothing in this Agreement or any other agreement between the Executive and the Company prohibits, or is intended in any
manner to prohibit, the Executive from reporting possible violations of federal law or regulation to any governmental agency or entity,
including but not limited to the Department of Justice, the Securities and Exchange Commission, the Congress, and any agency Inspector
General, or making other disclosures that are protected under the whistleblower provisions of federal law or regulation. The Executive
does not need the prior authorization of anyone at the Company or the Company’s legal counsel to make any such reports or disclosures,
and the Executive is not required to notify the Company that Executive has made such reports or disclosures.

 

    10 

     

    

 

(f)                
 Confidential Information shall not include information which (i) is or becomes generally known within the Company’s industry
through no fault of the Executive; (ii) was known to the Executive at the time it was disclosed as evidenced by the Executive’s
written records at the time of disclosure; (iii) is lawfully and in good faith made available to the Executive by a third party who did
not derive it from the Company and who imposes no obligation of confidence on the Executive; or (iv) is required to be disclosed by a
governmental authority or by order of a court of competent jurisdiction, provided that such disclosure is subject to all applicable governmental
or judicial protection available for like material and reasonable advance notice is given to the Company.

 

 11.           Assignment of Inventions.

 

(a)                The
Executive agrees to promptly disclose to the Company any and all ideas, concepts, discoveries, inventions, developments, trade
secrets, methods, data, information, improvements, chemical or biological materials and know-how that are conceived, devised,
invented, developed or reduced to practice or tangible medium by the Executive, under the Executive’s direction or jointly
with others during any period that the Executive is employed by the Company, whether or not during normal working hours or on the
premises of the Company (hereinafter “Inventions”).

 

(b)              
The Executive hereby assigns to the Company all of the Executive’s right, title and interest to the Inventions and any and
all related patent rights, copyrights and applications and registrations therefor. During and after the Executive’s employment by
the Company, the Executive shall cooperate with the Company, at the Company’s expense, in obtaining proprietary protection for the
Inventions and the Executive shall execute all documents which the Company shall reasonably request in order to perfect the Company’s
rights in the Inventions. The Executive hereby appoints the Company as the Executive’s attorney to execute and deliver any such
documents on the Executive’s behalf in the event the Executive should fail or refuse to do so within a reasonable period following
the Company’s request. It is understood that the Executive’s reasonable out-of-pocket expenses incurred in providing assistance
at the request of the Company under this Section will be reimbursed by the Company.

 

(c)               
The Executive represents that the attached Schedule A contains a complete list, as of the Start Date, of all inventions
that are currently owned by the Executive, alone or jointly with others, and which have not been assigned to prior employers or clients
and which are not assigned to the Company hereunder (“Prior Inventions”). If there is no such Schedule A attached
hereto, then Executive represents that there are no such Prior Inventions.

 

 12.           Other Obligations.

 

(a)                Between
Executive and Third Parties. The Executive hereby represents, warrants and agrees (i) that the Executive has the full right to
enter into this Agreement and perform the services required of the Executive hereunder, without any restriction whatsoever; (ii)
that in the course of performing services hereunder, the Executive will not violate the terms or conditions of any agreement between
the Executive and any third party or infringe or wrongfully appropriate any patents, copyrights, trade secrets or other intellectual
property rights of any person or entity anywhere in the world; and (iii) that the Executive has not and will not disclose or use
during the Executive’s employment by the Company any confidential information that the Executive’s acquired as a result
of any previous employment or consulting arrangement or under a previous obligation of confidentiality.

 

    11 

     

    

 

(b)              
Between the Company and Third Parties. The Executive acknowledges that the Company from time to time may have agreements
with other persons or entities, including the government of the United States or other countries and agencies thereof, which impose obligations
or restrictions on the Company regarding inventions made during the course of work thereunder or regarding the confidential nature of
such work. The Executive agrees to be bound by all such obligations and restrictions and to take all action necessary to discharge the
obligations of the Company thereunder.

 

 13.           Exclusive Commitment.

 

 (a)                Acknowledgements. The Executive understands and acknowledges that the Company’s market for its existing and/or proposed products and services is worldwide. The Executive also understands and acknowledges that the competitors for the Company’s existing and proposed products and services are located or may be located worldwide and that geographic boundaries do not define the scope of competition in this field. Further, the Executive understands and acknowledges that, during the course of the Executive’s employment with the Company, the Executive will be given access to, and will help develop, Confidential Information, which if such Confidential Information were released to the general public or to a competitor, would place the Company at an unfair disadvantage with its competitors. The Executive also understands that the Executive’s position with the Company may require the Executive to interact with, cultivate, and maintain relationships with the Company’s customers, prospective customers, vendors and suppliers. Therefore, the Executive agrees that the restrictions set forth in this Section are necessary in order to protect the Company’s Confidential Information and good will.

 

(b)               Noncompetition
Obligations. The Executive agrees that at all time during the period of the Executive’s employment by the Company and for
a period of twelve (12) months after termination or cessation of such employment by the Company for Noncompete Cause or by the
Executive, with or without Good Reason, the Executive’s will not, directly or indirectly, alone or in any capacity, including
as an owner, partner, member, officer, shareholder, director, consultant, agent, co-venturer, or employee of any entity engage in
Competitive Acts for any Competitor; provided, however, that the record or beneficial ownership of 1.0% or less of
outstanding publicly traded capital stock of any entity shall not be deemed, in and of itself, to be in violation of this Section.
The Executive understands that, unless this non-competition obligation is waived by the Company, the Company will pay the Executive,
during the twelve (12) months immediately following the Executive’s employment, as part of its regular payroll process, 50% of
the Executive’s highest annualized based salary paid to the Executive within the two years preceding the Executive’s
termination (the “Non-Compete Payments”). For the purposes of clarity, this Section shall not be effective (and
the Non-Compete Payments shall not be paid), in the event that the Executive is terminated by the Company without Noncompete Cause
or laid off. “Noncompete Cause” is defined as a termination of the Executive’s

employment due to the Company’s dissatisfaction with
the Executive’s job performance, conduct or behavior.

 

    12 

     

    

 

 (c)                Definitions

 

   (i)                
“Competitive Acts” means providing services and/or engaging in duties and responsibilities that are the competitive
with, the same as or substantially similar to, any of the services, duties and/or responsibilities in which the Executive is or has been
engaged during the last two years of the Executive’s employment with the Company.

 

   (ii)              
“Competitor” means any business entity or individual that has committed, or intends to commit, significant resources
to the discovery, development or commercialization of medical products related to the intracellular delivery of therapeutic biologics.

 

(d)              
Acknowledgements. The Executive acknowledges and agrees that (i) the opportunity for additional and enhanced severance compensation
and other compensation and benefits under this Agreement serves as additional, fair and reasonable consideration for the post-employment
noncompetition obligation and the other restrictive covenant obligations contained in this Agreement (collectively, the “Restrictive
Covenant Obligations”), which consideration is independent of the Executive’s continued employment with the Company; (ii)
that the Executive has the right to review this Agreement, including the Restrictive Covenant Obligations, with the aid of legal counsel
prior to signing this Agreement; and (iii) that notice of this Agreement (including the Restrictive Covenant Obligations) was provided
to the Executive at least 10 business days before this Agreement is to become effective.

 

14.           General
Non-Solicitation. The Executive agrees that during the period of the Executive’s employment by the Company and for a
period of 12 months after termination or cessation of such employment for any reason (the “Restricted Period”),
the Executive shall not solicit, divert or take away, or attempt to divert or take away, the business or patronage of any of the (i)
clients, customers or accounts of the Company, or (ii) prospective clients, customers or accounts of the Company which (in the case
of (ii) only) were contacted, solicited or served by the Executive while employed by the Company. Furthermore, notwithstanding the
foregoing, the Executive agrees that in the event that, during the Restricted Period, the Executive’s has breached the
Executive’s fiduciary duty of loyalty to the Company, then the Restricted Period shall be extended for an additional twelve
(12)-month period.

 

15.           Non-Solicitation
of Employees and Contractors. The Executive agrees that during the Restricted Period, the Executive’s shall not directly or
indirectly (i) recruit, solicit or hire any employee of the Company, or induce or attempt to induce any employee or independent contractor
to discontinue his, her or its employment relationship with the Company or (ii) without the written consent of the Company, which shall
not be unreasonably withheld, solicit, recruit or hire any consultant then actively engaged by the Company, or induce or attempt to induce
such consultant to terminate such consultant’s consulting relationship with the Company.

 

16.           Consent
to Jurisdiction. The parties hereby consent to the exclusive jurisdiction of the state and federal courts of the Commonwealth of
Massachusetts. Accordingly, with respect to any such court action, the Executive (a) submits to the exclusive personal jurisdiction
of such courts; (b) consents to service of process; and (c) waives any other requirement (whether imposed by statute, rule of court,
or otherwise) with respect to personal jurisdiction or service of process.

 

    13 

     

    

 

17.           Integration.
This Agreement and the Equity Documents constitute the entire agreement between the parties with respect to the subject matter hereof
and supersede all prior agreements between the parties concerning such subject matter. In signing this Agreement, the Executive agrees
that the Executive is not relying on any promises or representation of the Company or any agent thereof with respect to the subject matter
of this Agreement except as is expressly contained in this Agreement.

 

18.           Withholding;
Tax Effect. All payments made by the Company to the Executive under this Agreement shall be subject to, and net of, any tax or other
amounts required to be withheld by the Company under applicable law. Nothing in this Agreement shall be construed to require the Company
to make any payments to compensate the Executive for any adverse tax effect associated with any payments or benefits or for any deduction
or withholding from any payment or benefit.

 

19.           Assignment.
Neither the Executive nor the Company may make any assignment of this Agreement or any interest in it, by operation of law or
otherwise, without the prior written consent of the other; provided, however, that the Company may assign its rights and
obligations under this Agreement without the Executive’s consent to any affiliate or to any person or entity with whom or
which the Company shall hereafter effect a reorganization, consolidate with, or merge into or to whom or which it transfers all or
substantially all of its properties or assets. This Agreement shall inure to the benefit of and be binding upon the Executive and
the Company, and each of the Executive’s and the Company’s respective successors, executors, administrators, heirs and
(in the Company’s case) permitted assigns.

 

20.           Enforceability.
If any portion or provision of this Agreement (including, without limitation, any portion or provision of any section of this Agreement)
shall to any extent be declared illegal or unenforceable by a court of competent jurisdiction, then the remainder of this Agreement,
or the application of such portion or provision in circumstances other than those as to which it is so declared illegal or unenforceable,
shall not be affected thereby, and each portion and provision of this Agreement shall be valid and enforceable to the fullest extent
permitted by law.

 

21.           Survival.
The provisions of this Agreement shall survive the termination of this Agreement and/or the termination of the Executive’s employment
to the extent necessary to effectuate the terms contained herein.

 

22.           Waiver.
No waiver of any provision hereof shall be effective unless made in writing and signed by the waiving party. The failure of any party
to require the performance of any term or obligation of this Agreement, or the waiver by any party of any breach of this Agreement, shall
not prevent any subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach.

 

    14 

     

    

 

23.           Notices.
Any notices, requests, demands and other communications provided for by this Agreement shall be sufficient if in writing and:
delivered in person; by email to (if notice is provided to the Executive) the Executive’s business email address or personal
email address on file with the Company and (if notice is provided to the Company) to the business email address of the CEO or (if
the CEO is the Executive) of the Chairperson of the Board); or sent by a nationally recognized overnight courier service or by
registered or certified mail, postage prepaid, return receipt requested, to the Executive at the last address the Executive has
filed in writing with the Company or, in the case of the Company, at its main offices, attention of the Board.

 

24.           Amendment.
This Agreement may be amended or modified only by a written instrument signed by the Executive and by a duly authorized representative
of the Company (subject to the advance approval of the Board).

 

25.           Governing
Law. This is a Massachusetts contract and shall be construed under and be governed in all respects by the laws of the Commonwealth
of Massachusetts, without giving effect to the conflict of laws principles thereof. With respect to any disputes concerning federal law,
such disputes shall be determined in accordance with the law as it would be interpreted and applied by the United States Court of Appeals
for the First Circuit.

 

26.           Counterparts.
This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be taken to be an original;
but such counterparts shall together constitute one and the same document.

 

[Signature Page Follows]

 

    15 

     

    

 

IN WITNESS WHEREOF, the parties
have executed this Agreement, which shall become effective on the Start Date.

 

	 	ENTRADA THERAPEUTICS, INC.
	 	 
	 	By:	                
	 	                [INSERT]
	 	 
	 	Its:
	 	 
	 	Date:	 
	 	 
	 	THE EXECUTIVE
	 	 
	 	[INSERT]
	 	 
	 	Date:	 

 

[Signature Page to Employment
Agreement]

 

     

     

    

 

Schedule A Prior Inventions

 

The following is a complete list of all Prior Inventions
(please mark with a X and describe if applicable):

 

	 	 	No
Prior Inventions
	 	 	 
	 	 	See
below for description of Prior Inventions

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