Document:

EX-10.29

 Exhibit 10.29 

September 7, 2015 
 Mr. Konstantinos Alataris 

Dear Konstantinos: 
 This letter will confirm the terms and
conditions of your employment with ZP Opco, Inc., a Delaware corporation (the “Company”) and wholly owned subsidiary of Zosano Pharma Corporation, a Delaware corporation (the “Parent”). 

1. Position and Duties. Effective September 21, 2015 (the “Start Date”), you will be elected as the President of the
Parent and the President and Chief Operating Officer of the Company. You will report to the Chief Executive Officer of the Parent (the “CEO”). Like other officers of the Parent, you will be a full-time employee of the
Company. You agree to perform the duties of your positions and such other duties as may reasonably be assigned to you from time to time by the CEO. You also agree that, while employed by the Company, you will devote your full business time and your
best efforts, business judgment, skill and knowledge to the advancement of the business and interests of the Parent, the Company and their respective Affiliates (as defined in Section 6) and to the discharge of your duties and responsibilities
for them. 
 2. Compensation and Benefits. During your employment, as compensation for the services performed by you for the Company and its
Affiliates, the Company will provide you the following pay and benefits: 
 (a) Base Salary. The Company will pay you a base salary at the rate
of $375,000 per year, payable in accordance with the regular payroll practices of the Company and subject to increase from time to time by the Compensation Committee of the Board (the “Compensation Committee”) in its
discretion. 
 (b) Bonus Compensation. During employment, you will be considered annually for a bonus target of 30% of your base salary. The
amount of any bonus awarded, whether in cash or stock, will be determined by the Compensation Committee in its discretion, after consideration of a proposal from the CEO, and will be based on (i) your performance and the performance of the
Company against goals established annually and (ii) the terms and conditions of the Parent’s employee bonus program, adopted by the Compensation Committee on February 27, 2015. 

(c) Stock Options. The Compensation Committee shall grant you, under Parent’s Amended and Restated 2014 Equity and Incentive Plan, an
incentive stock option to purchase 209,394 shares of common stock, $0.0001 par value per share, of Parent (“Common Stock”). Such stock option shall (A) have an exercise price per share equal to the closing price per share of
Common Stock on the date of the grant, and (B) be subject to vesting requirements such that 25% of the total option shares shall vest on first anniversary of the date of grant and 

 Mr. Konstantinos Alataris 

September 7, 2015 
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an additional 2.0833% of the total option shares shall vest thereafter on the monthly anniversary of such date; provided, however, that 18.75% of the total option shares (in addition to
any then-vested option shares) shall vest upon termination of employment pursuant to the last sentence of Section 4(a) or the first sentence of Section 4(b); provided, further, that 100% of any then unvested option shares shall vest
upon a Constructive Termination Event (as defined in Section 5(b)). 
 (d) Participation in Employee Benefit Plans. You shall be entitled
to participate in any and all employee benefit plans from time to time in effect for the full-time employees of the Company generally, but the Company shall not be required to establish any such program or plan. Such participation shall be subject
to (i) the terms of the applicable plan documents and (ii) generally applicable Company policies. The Company may alter, modify, add to or delete its employee benefit plans at any time as it, in its sole discretion, determines to be
appropriate. 
 (e) Vacations. You will be entitled to three weeks of paid vacation per year, in addition to holidays observed by the Company.
Vacation may be taken at such times and intervals as you shall determine, subject to the reasonable business needs of the Company. 
 (f) Business
Expenses. The Company will pay or reimburse you for all reasonable business expenses incurred or paid by you in the performance of your duties and responsibilities for the Company, subject to any maximum annual limit and other restrictions on
such expenses set by the Company and to such reasonable substantiation and documentation as it may specify from time to time. 
 3. Confidential
Information and Restricted Activities. 
 (a) Confidential Information. During the course of your employment with the Company, you will
learn of Confidential Information (as defined in Section 6), and you may develop Confidential Information on behalf of the Company. You agree that you will not use or disclose to any Person (as defined in Section 6) any Confidential
Information obtained by you incident to your employment or any other association with the Company or any of its Affiliates, except as required by applicable law or for the proper performance of your regular duties and responsibilities for the
Company. You understand that this restriction shall continue to apply for three (3) years after your employment terminates, regardless of the reason for such termination. In addition, you agree to sign the Company’s standard form of
invention assignment agreement as a condition of your employment hereunder. 
 (b) Protection of Documents. All documents, records and files,
in any media of whatever kind and description, relating to the business, present or otherwise, of the Parent, the Company or any of their respective Affiliates, and any copies, in whole or in part, thereof (the “Documents”), whether
or not prepared by you, shall be the sole and exclusive property of the Company. You agree to safeguard all Documents and to surrender to the Company, at the time your employment terminates or at such earlier time or times as the CEO may specify,
all Documents then in your possession or control. 

 Mr. Konstantinos Alataris 

September 7, 2015 
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 (c) Non-Solicitation. You acknowledge that in your employment with the Company you will have
access to Confidential Information which, if disclosed, would assist in competition against the Company and its Affiliates, and that you will also generate good will for the Company and its Affiliates in the course of your employment. Therefore, you
agree that the following restrictions on your activities during and after the termination of your employment are necessary to protect the good will, Confidential Information and other legitimate interests of the Company and its Affiliates: While you
are employed by the Company and during the 12 months immediately following termination of your employment for whatever reason, you shall not, directly or through any other Person, (A) seek to persuade any employee of the Company or any of its
Affiliates to discontinue employment or (B) solicit or encourage any customer, distributor, vendor, or other business partner of the Company or any of its Affiliates or any independent contractor providing services to the Company or any of its
Affiliates to terminate or diminish its relationship with them. For purposes of the foregoing, the terms “employee,” “customer,” “distributor,” and “vendor” shall also include any
person or party who held such status during the immediately preceding six (6) months. 
 (d) Enforcement of Restrictions. In signing this
letter agreement, you give the Company assurance that you have carefully read and considered all the terms and conditions of this letter agreement, including the restraints imposed on you under this Section 3. You agree without reservation that
these restraints are necessary for the reasonable and proper protection of the Company and its Affiliates, and that each and every one of the restraints is reasonable in respect to subject matter, length of time and geographic area. You further
agree that, were you to breach any of the covenants contained in this Section 3, the damage to the Company and its Affiliates would be irreparable. You therefore agree that the Company, in addition to any other remedies available to it, shall
be entitled to preliminary and permanent injunctive relief against any breach or threatened breach by you of any of those covenants, without having to post bond. You also agree that the period of restriction in Section 3(c) shall be tolled and shall
not run during any period you are in violation thereof. You and the Company further agree that, in the event that any provision of this Section 3 is determined by any court of competent jurisdiction to be unenforceable by reason of its being
extended over too great a time, too large a geographic area or too great a range of activities, that provision shall be deemed to be modified to permit its enforcement to the maximum extent permitted by law. It is also agreed that each of the
Company’s Affiliates shall have the right to enforce all of your obligations to that Affiliate under this letter agreement, including without limitation pursuant to this Section 3. It is agreed and understood that the terms of this letter
agreement are severable, and that no breach of any provision of this letter agreement or any other purported violation of law by the Company shall operate to excuse you from the performance of your obligations under this Section 3. 

4. Termination of Employment. Your employment under this letter agreement shall continue for no definite term until terminated pursuant to this
Section 4. 
 (a) The Company may terminate your employment for Cause upon notice to you setting forth in reasonable detail the nature of the
Cause (as defined below). The 

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September 7, 2015 
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following, as determined by the Company in its reasonable judgment, shall constitute “Cause” for termination: (i) your persistent and willful refusal to follow reasonable
directives of the CEO; (ii) gross negligence or willful misconduct in the performance of your duties and responsibilities to the Company or any of its Affiliates; (iii) your material breach of this letter agreement or any other agreement
between you and the Company or any of its Affiliates, which breach continues for more than 15 days after the Company gives you written notice which sets forth in reasonable detail the nature of such breach; or (iv) other conduct by you that is
or could reasonably anticipated to be materially harmful to the business, interests or reputation of the Company or any of its Affiliates. The Company also may terminate your employment other than for Cause upon written notice to you. 

(b) You may terminate your employment for Good Reason (as defined below) upon notice to the Company setting forth in reasonable detail the nature of the
Good Reason. The following shall constitute “Good Reason” for termination: (i) the Company’s failure to continue you in the position of President and Chief Operating Officer of the Company with such duties typically
associated with such position, or (ii) material failure of the Company to provide you compensation and benefits in accordance with the terms of Section 2, above, for more than ten (10) business days after notice from you specifying in
reasonable detail the nature of such failure, except in connection with a decrease in salary affecting each senior management employee of the Company in a proportionate manner, or (iii) relocation of your principal place of employment to a
location other than the greater San Francisco Bay area, California. You may also terminate your employment other than for Good Reason upon 30 days’ written notice to the Company. 

(c) In the event you become disabled during employment and, as a result, are unable to continue to perform substantially all of your duties and
responsibilities under this letter agreement, either with or without reasonable accommodation, the Company will continue to pay you your base salary and to provide you benefits in accordance with Section 2(d) above, to the extent permitted by
plan terms, for up to twelve (12) weeks of disability during any period of three hundred and sixty-five (365) consecutive calendar days. If you are unable to return to work after twelve (12) weeks of disability, the Company may
terminate your employment, upon notice to you. If any question shall arise as to whether you are disabled to the extent that you are unable to perform substantially all of your duties and responsibilities for the Company and its Affiliates, you
shall, at the Company’s request, submit to a medical examination by a physician selected by the Company to whom you or your guardian, if any, has no reasonable objection to determine whether you are so disabled, and such determination shall for
the purposes of this letter agreement be conclusive of the issue. If such a question arises and you fail to submit to the requested medical examination, the Company’s determination of the issue shall be binding on you. 

5. Severance Payments and Other Matters Related to Termination. 

(a) Involuntary Termination. In the event of termination of your employment by the Company other than for Cause, or in the event of your
termination of employment for Good Reason, the Company will (i) continue to pay you your base salary for a 

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period of nine (9) months from and after the date of termination, (ii) pay you an amount equal to the lesser of (x) the target bonus of 30% of your base salary pro rata for such
nine (9) months or (y) the amount of the annual bonus awarded to you in respect of the prior year pro rata for nine (9) months, such bonus severance to be paid in equal installments during the nine (9)- month period following the date
of termination, and (iii) continue to provide you with group health and dental plan benefits for a period of nine (9) months from and after the date of termination, with the cost of the regular premiums for such benefits shared in the same
relative proportion by the Company and you as in effect on the date of termination. The Company will also pay you on the date of termination any base salary earned but not paid through the date of termination, and pay for any vacation time accrued
but not used to that date. In addition, as provided in Section 2(c), the vesting schedule for any stock options outstanding on the date of termination will automatically accelerate so that 18.75% of the total option shares shall immediately
vest and become exercisable upon such termination. Except as set forth in clause (ii) and (iii) of the first sentence of this Section 5(a), benefits shall terminate in accordance with the terms of the applicable benefit plans based on
the date of termination of your employment. 
 (b) Involuntary Termination within One Year after Change in Control. In the event of termination
of your employment by the Company (or its successor) other than for Cause, or in the event of your termination of employment for Good Reason, in either case during the one (1)-year period following a Change in Control (a “Constructive
Termination Event”), the Company (or its successor) will, in lieu of any severance under Section 5(a) above, (i) continue to pay you your base salary for a period of nine (9) months from and after the date of termination,
(ii) pay you an amount equal to the lesser of (x) the target bonus of 30% of your base salary pro rata for such nine (9) months or (y) the amount of the annual bonus awarded to you in respect of the prior year pro rata for nine
(9) months, such bonus severance to be paid in equal installments during the nine (9)-month period following the date of termination, and (iii) continue to provide you with group health and dental plan benefits for a period of nine
(9) months from and after the date of termination, with the cost of all regular premiums for such benefits paid by the Company. The Company will also pay you on the date of termination any base salary earned but not paid through the date of
termination, and pay for any vacation time accrued but not used to that date. In addition, as provided in Section 2(c), the vesting schedule for any stock options outstanding on the date of termination will automatically accelerate so that 100%
of any then unvested option shares shall immediately vest and become exercisable upon such termination. Except as set forth in clause (ii) and (iii) of the first sentence of this Section 5(b), benefits shall terminate in accordance
with the terms of the applicable benefit plans based on the date of termination of your employment. 
 (c) Severance Conditional Upon Release.
Any obligation of the Company to provide you severance payments under Sections 5(a) and 5(b) above shall be conditioned upon your signing a general release of claims in the form provided by the Company and reasonably acceptable to you (the
“Employee Release”) within twenty-one (21) days after the date on which you give or receive, as applicable, notice of termination of your employment and upon your not revoking the Employee Release thereafter. All base salary
and bonus severance payments will be payable in accordance with the normal payroll practices of the Company, and 

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September 7, 2015 
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will begin at the Company’s next regular payroll period following the effective date of the Employee Release, but shall be retroactive to the date of termination. For the avoidance of doubt,
no cash compensation that may be earned by you pursuant to employment or a consulting arrangement with a Person other than the Company during the period of time that the Company (or its successor) is making payments to you pursuant to this
Section 5 shall be credited toward the Company’s severance obligations under this Section 5. Notwithstanding anything to the contrary contained in this letter agreement, in the event that at the time of your separation from service
you are a “specified employee,” as hereinafter defined, any and all amounts payable under this Section 5 in connection with such separation from service that constitute deferred compensation subject to Section 409A of the
Internal Revenue Code of 1986, as amended (“Section 409A”), as determined by the Company in its sole discretion, and that would (but for this sentence) be payable within six (6) months following such separation from service,
shall instead be paid on the date that follows the date of such separation from service by six (6) months. For purposes of the preceding sentence, “separation from service” shall be determined in a manner consistent with
subsection (a)(2)(A)(i) of Section 409A and the term “specified employee” shall mean an individual determined by the Company to be a specified employee as defined in subsection (a)(2)(B)(i) of Section 409A. 

(d) Termination for Cause or Voluntary Termination. In the event of termination of your employment by the Company for Cause or your termination
other than for Good Reason, the Company will pay you any base salary earned but not paid through the date of termination and pay for any vacation time accrued but not used to that date. The Company shall have no obligation to pay you any bonus
compensation or severance payments. Except for any right you may have under the federal law known as “COBRA” to continue participation in the Company’s group health and dental plans at your cost, benefits shall terminate in accordance
with the terms of the applicable benefit plans based on the date of termination of your employment. 
 (e) Survival of Certain Provisions.
Provisions of this letter agreement shall survive any termination if so provided in this letter agreement or if necessary or desirable to accomplish the purposes of other surviving provisions, including without limitation your obligations under
Section 3 of this letter agreement. The obligation of the Company to make severance payments to you under Section 5(a) or 5(b) above, and your right to retain such payments, are expressly conditioned upon your continued full performance of
your obligations under Section 3 hereof. Upon termination by either you or the Company, all rights, duties and obligations of you and the Company to each other shall cease, except as otherwise expressly provided in this letter agreement. 

6. Definitions. For purposes of this letter agreement, the following definitions apply: 

“Affiliates” means all persons and entities directly or indirectly controlling, controlled by or under common control with the Company,
where control may be by management authority, equity interest or otherwise. 

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September 7, 2015 
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 “Confidential Information” means any and all information of the Company and its
Affiliates that is not generally available to the public. Confidential Information also includes any information received by the Company or any of its Affiliates from any Person with any understanding, express or implied, that it will not be
disclosed. Confidential Information does not include information that enters the public domain, other than through your breach of your obligations under this letter agreement. 

“Change in Control” means (A) the sale, lease, exchange, transfer or other disposition of all or substantially all of the assets
of the Company and its Affiliates, or (B) any merger, consolidation or other business combination or stock sale (other than a sale of stock for capital raising purposes) that results in the holders of the outstanding voting securities of the
Company or Parent immediately prior to such transaction beneficially owning or controlling immediately after such transaction less than a majority of the voting securities of the Company or Parent, respectively, or the surviving entity or the entity
that controls such surviving entity. 
 “Person” means an individual, a corporation, a limited liability company, an association, a
partnership, an estate, a trust or any other entity or organization, other than the Company or any of its Affiliates. 
 7. Conflicting
Agreements. You hereby represent and warrant that your signing of this letter agreement and the performance of your obligations under it will not breach or be in conflict with any other agreement to which you are a party or are bound, and that
you are not now subject to any covenants against competition or similar covenants or any court orders that could affect the performance of your obligations under this letter agreement. You agree that you will not disclose to or use on behalf of the
Company any proprietary information of a third party without that party’s consent. 
 8. Withholding. All payments made by the Company
under this letter agreement shall be reduced by any tax or other amounts required to be withheld by the Company under applicable law. 
 9.
Assignment. Neither you, the Company nor Parent may make any assignment of this letter agreement or any interest in it, by operation of law or otherwise, without the prior written consent of the other parties; provided, however, that
each of the Company and Parent may assign its rights and obligations under this letter agreement without your consent to one of its Affiliates or to any Person with whom it shall hereafter effect a reorganization, consolidate with, or merge into or
to whom it transfers all or substantially all of its properties or assets. This letter agreement shall inure to the benefit of and be binding upon you, the Company and Parent, and each of our respective successors, executors, administrators, heirs
and permitted assigns. 

 Mr. Konstantinos Alataris 

September 7, 2015 
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 10. Severability. If any portion or provision of this letter agreement shall to any extent be
declared illegal or unenforceable by a court of competent jurisdiction, then the remainder of this letter 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 letter agreement shall be valid and enforceable to the fullest extent permitted by law. 

11. Miscellaneous. This letter agreement sets forth the entire agreement between you and the Company and replaces all prior and contemporaneous
communications, agreements and understandings, written or oral, with respect to the terms and conditions of your employment with the Company. This letter agreement may not be modified or amended, and no breach shall be deemed to be waived, unless
agreed to in writing by you and the Company. The headings and captions in this letter agreement are for convenience only and in no way define or describe the scope or content of any provision of this letter agreement. The words
“include,” “includes” and “including” when used herein shall be deemed in each case to be followed by the words “without limitation.” This letter agreement may be executed in two or more
counterparts, each of which shall be an original and all of which together shall constitute one and the same instrument. This is a California contract and shall be governed and construed in accordance with the laws of the State of California,
without regard to the conflict of laws principles thereof. 
 12. Notices. Any notices provided for in this letter agreement shall be in
writing and shall be effective when delivered in person or deposited in the United States mail, postage prepaid, and addressed to you at your last known address on the books of the Company or, in the case of the Company, to it at its principal place
of business, or to such other address as either party may specify by notice to the other actually received. 
 * * * * * 

 At the time this letter agreement is signed by you and on behalf of the Company and Parent, it will take
effect as a binding agreement among you, the Company and Parent on the basis set forth above. 
  

									
	ZOSANO PHARMA CORPORATION	 		 	EMPLOYEE:
					
	BY:	 	 Vikram Lamba
	 		 		 	 Konstantinos Alataris

	Name:	 	Vikram Lamba	 		 		 	Date signed: September 6, 2015
	Title:	 	Chief Executive Officer	 		 		 	
	Date signed:	 	September 7, 2015	 		 		 	

  

			
	ZP OPCO, INC.
		
	BY:	 	 Vikram Lamba

	Name:	 	Vikram Lamba
	Title:	 	Chief Executive Officer
	Date signed:	 	September 7, 2015Exhibit 10.9

SECOND LEASE   ADDENDUM THIS 0 L SrA£NDU,M 20. D.fNDA R: Nl INVESTMENT COMPANY, A CALIFORNIA   LIMITED PARTNERSHIP (HEREINAFTER REFERRED TO AS "LANDLORD") AND   STEADYMED THERAPEUTICS, INC. (HEREINAFTER REFERRED TO AS ''TENANT"). IT   IS AGREED BETWEEN LANDLORD AND TENANT TO MODIFY THE LEASE DATED SEPTEMBER 20,   2012, AND FIRST LEASE ADDENDUM DATED JUNE 11, 2013, (HEREINAFTER COLLECTIVELY   REFERRED TO AS "LEASE") IN THE FOLLOWING MANNER: Term: The   Expiration Date per the Lease is hereby changed from February 28, 2015 to May   31, 2015, and with such change the term is extended. 1.5 Lease sections 1.8   Base Rent, 1.85 Adjustments to Base Rent and 4 RENT AND CHARGES are   consolidated and replaced in their entirety with the following Section 4: 4.   RENT. 4.1 Base Rent. Tenant shall pay to the Landlord monthly as base rent   ("Base Rent") for the Premises in advance on the Commencement Date   and on the first day of each calendar month thereafter during the term of   this Lease the sum of THREE THOUSAND TWO HUNDRED AND 00/100 DOLLARS   ($3,200.00). Effective September 1, 2013, Base Rent will be increased to SIX   THOUSAND FIFTY· TWO AND 50/100 DOLLARS ($6,052.50) per month and effective   October 1, 2013 Base Rent will be further increased to SIX THOUSAND THREE   HUNDRED EIGHTY-NINE AND 25/100 DOLLARS ($6,389.25) per month. Effective   October 1, 2014 Base Rent will be further increased to SIX THOUSAND SIX   HUNDRED NINETY-THREE AND 50/100 DOLLARS ($6,693.50) per month and effective   March 1, 2015 Base Rent will be further increased to SIX THOUSAND NINE   HUNDRED NINETY-SEVEN AND 75/100 DOLLARS ($6,997.75). 4.2 Amounts Constituting   Rent. All amounts payable or reimbursable by Tenant under this Lease,   including Base Rent, late charges and interest (as defined in Paragraph 5),   additional utilities cost (as defined in Paragraph 9) or any other charges   agreed to by Tenant for services provided by Landlord at Tenant's request   shall constitute "Rent" and be payable and recoverable as such.   Base Rent is due and payable as defined in Paragraph 4.1 above and all other   amounts constituting Rent shall be payable to Landlord on demand within   thirty (30) days from written notice by Landlord of the amounts due. Pie   nitial J Tenant ( Landlord { 1 

    

 

4.3 Payment of   Rent. All Rent shall be paid to Landlord without deduction or offset in   lawful money of the United States of America at the address for notices or   such other place as Landlord may from time to time designate in writing. With   the exception of the modifications set out above, all other terms, covenants   and agreements of the Lease shall remain in full force and effect. Tenant:   Landlord: AnnabelInvestment Company, a California limited partnership   SteadyMed Therapeutics, Inc. By: By: CEO Title: Title: By: f)....,/   <::At')/Ce Title: I Date: - f-r/-........_ _ Date: _2_12_7_12_o_1s _ I I   Regarding: Existing Premises: Bishop Ranch 6, Building L 2410 Camino Ramon,   Suites 285/295 San Ramon, CA 94583 2

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