Document:

Exhibit 4.5

 

FORM OF RESTRICTED STOCK UNIT INDUCEMENT
AWARD AGREEMENT

 

This Restricted Stock Unit Inducement Award
Agreement (this “Award Agreement”) is made and effective as of January 8, 2019 (the “Date
of Grant”) between Akorn, Inc. (the “Company”) and Douglas S. Boothe (the “Participant”),
pursuant and subject to the terms and conditions set forth below.

 

1.       Award
of Restricted Stock Units. The Company shall and hereby does award to the Participant on the Date of Grant  507,614
restricted stock units (the “Restricted Stock Units”), subject to the terms and conditions of this
Award Agreement. The Restricted Stock Units are being granted as an inducement grant, and not under any pre-existing equity
incentive compensation program of the Company. Notwithstanding the preceding sentence, this Award Agreement shall be
construed as if such Restricted Stock Units had been granted under the Akorn, Inc. 2017 Omnibus Incentive Compensation Plan
(the “Plan”), the terms of which are incorporated herein by reference (other than as to the Share
limitations set forth in Section 4(a) of the Plan); provided that, except as expressly set forth herein, in the event
of a conflict between the terms and conditions of the Plan and the terms and conditions of this Award Agreement, the terms
and conditions of this Award Agreement shall prevail. Any capitalized term not otherwise defined herein shall have the
meaning ascribed thereto in the Plan.

 

2.       Vesting
Schedule. The Restricted Stock Units are subject to forfeiture as of the Date of Grant and shall vest and cease to be forfeitable
in installments on the applicable date for such installment as set forth below (each such date, a “Normal Vesting Date”),
in each case subject to the Participant’s continued employment through the applicable Normal Vesting Date. For purposes of
this Award Agreement, except as otherwise provided in Section 19 or as otherwise determined by the Committee, the Participant’s
employment with the Company shall be deemed to continue so long as the Participant is employed by, or is otherwise providing services
as a director, officer or consultant to, the Company or any of its Subsidiaries or Affiliates.

 

	Vesting Date	 	Number of Restricted Stock Units
	 	 	 
	January 8, 2020	 	126,904
	 	 	 
	January 8, 2021	 	126,904
	 	 	 
	January 8, 2022	 	126,903
	 	 	 
	January 8, 2023	 	126,903

 

Subject to Section 3, any unvested Restricted Stock Units shall
immediately and automatically terminate and be forfeited as of the date of the Participant’s termination of employment with
the Company for any reason or as of the date of the Participant’s death or Disability, in each case prior to the applicable
Normal Vesting Date set forth above. For purposes of this Award Agreement, “Disability” means total and permanent disability
as defined in Section 22(e)(3) of the Code.

 

3.       Change
of Control.

 

(a)       In
the event of a Change of Control, unless provision is made in connection with the Change of Control for (1) assumption of the Restricted
Stock Units or (2) substitution for the Restricted Stock Units of new awards covering stock of a successor corporation or its “parent
corporation” (as defined in Section 424(e) of the Code) or “subsidiary corporation” (as defined in Section 424(f)
of the Code) with appropriate adjustments as to the number and kinds of shares underlying the Restricted Stock Units, all unvested
Restricted Stock Units shall automatically vest as of immediately prior to such Change of Control and shall be settled in accordance
with Section 5.

 

     

     

    

 

(b)       In
the event the Restricted Stock Units are assumed or substituted by the successor company or its Affiliate in connection with a
Change of Control, if the Participant’s employment is terminated without Cause or by the Participant for Good Reason (a “Qualifying
Termination”) following the Change of Control, all unvested Restricted Stock Units shall automatically vest immediately
prior to such termination and shall be settled in accordance with Section 5. Notwithstanding Section 2, in the event a Qualifying
Termination occurs prior to a Change of Control at the request of a third party who had indicated an intention or taken steps reasonably
calculated to effect a Change of Control, the Restricted Stock Units shall cease vesting pursuant to their normal vesting schedule
on the date of the Qualifying Termination but shall not lapse or be forfeited on such date. Instead, the Restricted Stock Units
shall remain outstanding during the 90-day period immediately following the date of such Qualifying Termination, and in the event
a Change of Control involving such third party (or a party competing with such third party to effectuate a Change of Control) subsequently
occurs during such 90-day period, the Restricted Stock Units shall become vested on the date of such Change of Control involving
such third party (or a party competing with such third party to effectuate a Change of Control) as if the Qualifying Termination
occurred immediately following, and on the same day as, the Change of Control. In the event a Change of Control involving such
third party (or a party competing with such third party to effectuate a Change of Control) does not subsequently occur during such
90-day period, the Restricted Stock Units shall immediately and automatically terminate and be forfeited as of the end of such
90-day period. For purposes of this Award Agreement:

 

(1)       “Cause”
means the Participant’s (1) personal dishonesty, (2) misconduct, (3) breach of fiduciary duty, (4) incompetence, (5) intentional
failure to perform stated obligations, (6) willful violation of any law, rule, regulation or final cease and desist order, or (7)
any material breach of any provision of the Plan, this Award Agreement, or any employment agreement; and

 

(2)       “Good
Reason” means, without the Participant’s prior written consent, (i) the Company’s requiring the
Participant to be based at a location outside a 50-mile radius from the Participant’s job location or residence, except for
travel that is reasonably necessary in connection with the Company’s business or (ii) within the 90-day period prior
to or the 12-month period immediately following the Change of Control, the occurrence of one or more of the following:

 

A.       a
change in the Participant’s employment status or responsibilities with the Company which represents a material and adverse
change from the Participant’s status or responsibilities, or the assignment to the Participant of any employment duties or
responsibilities which are materially inconsistent with the Participant’s employment status or responsibilities, or any action
by the Company that results in a material diminution in the Participant’s position, authority, duties or responsibilities
(in either case without sole regard to any change in title or the Company’s status as a public or private entity);

 

B.       a
reduction in the Participant’s base salary for employment with the Company to a level below that in effect at any time previously
(except to the extent such reduction is not due to a Change of Control and is part of a comprehensive reduction in salary applicable
to employees of the Company generally, so long as such reduction applicable to the Participant is comparable to the reduction applied
to other employees of the Company at the same career level); or

 

C.       the
failure of the Company to obtain an agreement, satisfactory to the Participant, from any successor company or assigns to assume
or substitute and agree to maintain this Award Agreement;

 

provided, however, that the Participant
shall be treated as having terminated for Good Reason only if he or she provides the Company with a notice of termination within
90 days of the initial existence of one of the conditions described above, following which the Company shall have 30 days from
the receipt of the notice of termination to cure the event specified in the notice of termination and, if the Company fails to
so cure the event, the Participant must terminate his or her employment not later than 30 days following the end of such cure period.

 

    	 	2	 

     

    

 

4.       Vesting
Date. The “Vesting Date” means the date that a Restricted Stock Unit is no longer subject to forfeiture
and is vested in accordance with Section 2 or Section 3, as applicable.

 

5.       Settlement.
Each Restricted Stock Unit represents the right to receive one Share on the applicable Vesting Date. The Participant shall have
no right to settlement of any such Restricted Stock Units prior to the applicable Vesting Date. Prior to payment of any vested
Restricted Stock Unit, such Restricted Stock Unit shall represent an unsecured obligation of the Company, payable (if at all) only
from the general assets of the Company. Any Restricted Stock Units that vest in accordance with Section 2 or Section 3 (as applicable)
shall be paid to the Participant in whole Shares, subject to the Participant satisfying any applicable related tax liabilities.
Subject to the provisions of Section 6, such vested Restricted Stock Units shall be paid in whole Shares as soon as practicable
after vesting, but in no event later than sixty days following the Vesting Date. In no event shall the Participant be permitted,
directly or indirectly, to specify the taxable year of the payment of any Restricted Stock Units payable under this Award Agreement.
The payment of Shares pursuant to this Award Agreement shall in all cases be paid at a time or in a manner that is exempt from,
or complies with, Section 409A.

 

6.       Withholding.

 

(a)       The
Participant shall be required to pay to the Company or any Affiliate the amount of any applicable withholding taxes in respect
of the Restricted Stock Units and to take such other action as may be necessary in the opinion of the Committee or the Company
to satisfy all obligations for the payment of such taxes.

 

(b)       Without
limiting the generality of Section 6(a), subject to the Committee’s discretion, the Participant may satisfy, in whole or
in part, the foregoing withholding liability by having the Company withhold from the number of Shares otherwise issuable pursuant
to the vesting of the Restricted Stock Units a number of Shares having a Fair Market Value equal to such withholding liability.

 

(c)       Notwithstanding
any provision of this Award Agreement to the contrary, no certificate representing the Shares shall be issued to the Participant
until the Participant satisfies all withholding and payment obligations payable upon vesting of the Restricted Stock Units which
the Company determines must be withheld with respect to such Shares.

 

7.       Participant
Acknowledgments. By executing this Award Agreement, the Participant acknowledges and agrees as follows:

 

(a)       The
Company is not providing the Participant with advice, warranties or representations regarding any of the legal or tax effects to
the Participant with respect to this Award Agreement.

 

(b)       The
Participant acknowledges that he or she is (1) familiar with the terms of the grant made to him or her under this Award Agreement
and the Plan, (2) has been encouraged by the Company to discuss the grant and the Plan with his or her own legal and tax advisers,
and (3) agrees to be bound by the terms of the grant (and the Plan provisions incorporated herein).

 

8.       Rights
as Stockholder. None of the Participant or holder or beneficiary of the Restricted Stock Units shall have any rights as a stockholder
with respect to any Shares to be distributed under this Award Agreement until he or she has become the holder of such Shares, at
which point the Participant shall have all the rights of a stockholder of the Company, including with respect to voting such Shares
and receipt of dividends and distributions on such Shares. In no event shall the Participant be entitled to receive dividends or
dividend equivalents with respect to any Shares deliverable under this Award Agreement prior to the vesting and settlement of the
Restricted Stock Units. In no event shall the Participant be entitled to receive dividends or dividend equivalents with respect
to any Shares deliverable under this Award Agreement with respect to the 90-day period described in Section 3(b).

 

    	 	3	 

     

    

 

9.       Transferability;
Successors and Assigns. During the Participant’s lifetime, prior to the applicable Vesting Date, no Restricted Stock
Unit (or any rights and obligations related thereto) may be assigned, alienated, pledged, attached, sold or otherwise transferred
or encumbered by the Participant otherwise than by will or by the laws of descent and distribution, and any such purported assignment,
alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company or any Affiliate;
provided that, (a) the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment,
sale, transfer or encumbrance and (b) the Board or the Committee may permit further transferability, on a general or specific basis,
and may impose conditions and limitations on any permitted transferability. Notwithstanding the foregoing, in no event shall the
Restricted Stock Units be transferred to a third party for value unless such transfer is specifically approved by the Committee.
All terms and conditions of the Award Agreement (and the Plan provisions incorporated herein) shall be binding upon any permitted
successors and assigns.

 

10.       Notices.
All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given
on the second business day following the date mailed by United States Mail, postage prepaid, to the parties or their assignees
at the following addresses, or at such other address as shall be given in writing by either party to the other:

 

	 	Company:	Human Resources Department
	 	 	cc: Legal Department Akorn, Inc.  
	 	 	1925 West Field Court Suite #300
	 	 	Lake Forest, Illinois 60045
	 	 	 
	 	Participant:	Douglas S. Boothe

 

11.       Choice
of Law and Venue. The Plan and this Award Agreement and all questions relating to its validity, interpretation, performance
and enforcement shall be governed by and construed in accordance with the laws of the State of Illinois, without giving effect
to the conflict of laws provisions thereof. Any legal proceeding arising out of this Award Agreement shall be brought only in a
state or Federal court of competent jurisdiction located in Chicago, Illinois.

 

12.       Amendment.
Except as otherwise set forth in the Plan, this Award Agreement may be amended or modified only by the written agreement of the
parties hereto.

 

13.       Entire
Agreement. The Plan and this Award Agreement and the other documents delivered hereunder (if any) constitute the full and entire
understanding and agreement between the parties with regard to the subject matter hereof, and supersedes all prior agreements,
understandings, inducements or conditions, express or implied, oral or written, relating to the subject matter hereof, except as
herein contained. The express terms of the Plan and this Award Agreement control and supersede any course of performance or usage
of trade inconsistent with any of the terms hereof.

 

14.       Attorneys’
Fees. If any legal action is necessary to enforce the terms of this Award Agreement, the prevailing party shall be entitled
to recover, in addition to other amounts to which the prevailing party may be entitled, actual attorneys’ fees and costs.

 

15.       Severability.
If any provision of this Award Agreement is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction
or as to any Person, or would disqualify this Award Agreement under any law deemed applicable by the Committee, such provision
shall be construed or deemed amended to conform to the applicable laws, or if it cannot be construed or deemed amended without,
in the determination of the Committee, materially altering the intent of this Award Agreement, such provision shall be construed
or deemed stricken as to such jurisdiction or Person and the remainder of this Award Agreement shall remain in full force and effect.

 

16.       Counterparts.
This Award Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original as against
any party whose signature appears thereon, and all of which shall together constitute one and the same instrument. Signatures by
facsimile and other electronic means shall be valid and enforceable.

 

    	 	4	 

     

    

 

17.       Additional
Conditions to Issuance of Shares. The vesting of the Restricted Stock Units and the issuance and transfer of Shares shall be
subject to compliance by the Company and the Participant with all applicable requirements of Federal and state securities laws
and with all applicable requirements of any stock exchange on which the Company’s Shares may be listed. No Shares shall be
issued pursuant to this Award Agreement unless and until any then applicable requirements of Federal or state laws and regulatory
agencies have been fully complied with to the satisfaction of the Company and its counsel. The Participant understands that the
Company is under no obligation to register the Shares with the Securities and Exchange Commission, any state securities commission
or any stock exchange to effect such compliance. If at any time the Company shall determine, in its sole discretion, that the listing,
registration, qualification or rule compliance of the Shares upon any securities exchange or under any state or Federal law, the
tax code and related regulations or the consent or approval of any governmental regulatory authority is necessary or desirable
as a condition to the issuance of Shares to the Participant (or his or her estate) hereunder, such issuance shall not occur unless
and until such listing, registration, qualification, rule compliance, consent or approval shall have been completed, effected or
obtained free of any conditions not acceptable to the Company. Where the Company determines that the delivery of the payment of
any Shares will violate U.S. Federal securities laws or any other applicable securities or exchange control laws, the Company shall
defer delivery until the earliest date on which the Company reasonably concludes, in its sole discretion, that the delivery of
such Shares will no longer cause such violation. The Company shall make all reasonable efforts to meet the requirements of any
such Federal or state law or securities exchange and to obtain any such consent or approval of any such governmental authority
or securities exchange.

 

18.       Clawback
Policy. Notwithstanding any provision of the Plan or this Award Agreement to the contrary, outstanding Restricted Stock Units
may be cancelled, and the Company may require the Participant to return Shares (or the Fair Market Value of such Shares as of the
date on which such Shares were delivered to the Participant) and any other amount required by the Dodd-Frank Wall Street Reform
and Consumer Protection Act or other applicable law, or the Company’s Clawback Policy or any other applicable policy of the
Company or its Subsidiaries, including as may be adopted following the date hereof.

 

19.       Section
409A.

 

(a)       It
is intended that the Restricted Stock Units granted pursuant to this Award Agreement comply with, or are exempt from, Section 409A
of the Code, and all provisions of the Award Agreement shall be construed and interpreted in a manner consistent with the requirements
for avoiding taxes or penalties under Section 409A of the Code.

 

(b)       If,
at the time of the Participant’s separation from service (within the meaning of Section 409A of the Code), (1) the Participant
shall be a specified employee (within the meaning of Section 409A of the Code and using the identification methodology selected
by the Company from time to time) and (2) the Company makes a good faith determination that an amount payable pursuant to this
Award Agreement constitutes deferred compensation (within the meaning of Section 409A of the Code) the payment of which is required
to be delayed pursuant to the six-month delay rule set forth in Section 409A of the Code in order to avoid taxes or penalties under
Section 409A of the Code, then the Company shall not pay such amount on the otherwise scheduled payment date but shall instead
pay it on the first business day after such six-month period. Such amount shall be paid without interest, unless otherwise determined
by the Committee, in its sole discretion.

 

(c)       A
termination of employment shall not be deemed to have occurred for purposes of any provision of this Award Agreement providing
for the payment of any amount upon or following a termination of employment that is nonqualified deferred compensation subject
to Section 409A of the Code unless such termination is also a “separation from service” within the meaning of Section
409A of the Code and, for purposes of this Award Agreement, all references to “termination of employment” and correlative
phrases shall be construed to require a “separation from service” within the meaning of Section 409A of the Code.

 

    	 	5	 

     

    

 

(d)       Notwithstanding
any provision of the Plan or this Award Agreement to the contrary, in light of the uncertainty with respect to the proper application
of Section 409A of the Code, the Company reserves the right to make amendments to this Award Agreement as the Company deems necessary
or desirable to avoid the imposition of taxes or penalties under Section 409A of the Code. In any case, the Participant shall be
solely responsible and liable for the satisfaction of all taxes and penalties that may be imposed on the Participant or for the
Participant’s account in connection with this Award Agreement (including any taxes and penalties under Section 409A of the
Code), and neither the Company nor any of its Affiliates shall have any obligation to indemnify or otherwise hold the Participant
harmless from any or all of such taxes or penalties.

 

(e)       Each
payment payable under this Award Agreement is intended to constitute a separate payment for purposes of Section 1.409A-2(b)(2)
of the Treasury Regulations.

 

ACCEPTANCE AND ACKNOWLEDGMENT

 

I, Douglas S. Boothe a resident of the State
of New Jersey, accept this Award of Restricted Stock Units described in this Award Agreement and acknowledge receipt of a copy
of the Plan and this Award Agreement. I further acknowledge that I have read the Plan and Award Agreement carefully, I fully understand
their contents, and I agree to be bound by the same.

 

	 	 	 
	 	 	 
	Douglas S. Boothe	 	Date
	 	 	 
	 	 	 
	 	 	 
	Gregory P. Lawless, CHRO	 	Date

 

    	 	6Exhibit 10.1

 

	
        December 26, 2018

        Crypto
        Dividends Allocation

        Scope
        of Work  
	
        

         

        www.KryptoPal.io

        515 E
Grant St, Suite 150, Phoenix AZ 85004

 

 

Statement of Work (SOW)

 

STATEMENT OF WORK

By and Between

KRYPTOPAL and STERLING CONSOLIDATED
CORP

 

This Statement of Work (“SOW”) is
made and effective as of the 31st day of December 2018 (“Effective Date”) by and between STERLING CONSOLIDATED CORP
(“STERLING”), located at 1105 Green Grove Rd., Neptune, NJ 07753, USA and KRYPTOPAL INC (“KRYPTOPAL”) located
at 515 E Grant St, Suite 150, Phoenix AZ 85004, USA (“Provider”) and defines the scope of Services to be performed
by the Provider hereunder. All capitalized terms not otherwise defined herein will have the meanings given to them in the Agreement.

 

The services performed under this SOW for STERLING
products development shall be performed at KRYPTOPAL locations. Should Provider’s locations be required to change to better
serve STERLING purposes; said change will be mutually agreed upon and effected,

 

The KRYPTOPAL team is pleased to present a proposal
to STERLING. As a proven provider in the development of Blockchain and Crypto related products and solutions, KRYPTOPAL is uniquely
suited to provide a software solution focused on the specific needs of STERLING.

 

KRYPTOPAL has a dedicated team of resources providing
these services. Located in Scottsdale, Switzerland, Bangkok and Bangalore, KRYPTOPAL is able to leverage a cost-effective blended
team to provide solutions at the right level of risk to meet the challenge.

 

Scope of Work

 

Provider has been retained to provide software
development support and assistance to develop STERLING products. The current need is for Web and Blockchain and Crypto resources,
with likely scope expansion to additional skills as agreed by STERLING and Provider. The Scope of Work for this project
is based on fixed time and budget basis, but it can be changed by STERLING based on business needs. KRYPTOPAL will accommodate
the changes as per the direction and provide resources for the additional work required.

 

Tasks/deliverables involved in the scope are:

		-	Process to load shareholders data (as required) using Excel or CSV file

		-	Review of Sterling’s existing DiMO token (currently on the Rinkeby test network) and implementations
or updates or modifications before release to the public

		-	Process to communicate shareholders about the crypto dividend and next steps

		-	Provide a portal/app for the shareholders to login, create profile and track allocated tokens

		-	Process to create crypto wallets for each shareholder

		-	Process to allocate required crypto tokens to each shareholder

		-	Process for STERLING to allocate tokens manually (to shareholders) if required

 

    
Page 1 of 3

    

    

	
        December 26, 2018

        Crypto
        Dividends Allocation

        Scope
        of Work  
	
        

         

        www.KryptoPal.io

        515 E
Grant St, Suite 150, Phoenix AZ 85004

 

 

KRYPTOPAL Responsibilities:

 

In addition to any other obligations described
in this SOW, Provider is responsible to:

 

		1.	Provide Infrastructure facilities to all KRYPTOPAL resources.

 

		2.	Ensure timeliness of deliverables, as mutually agreed.

 

		3.	Submit invoices in accordance with the Fees and Payment Structure approved by STERLING for the
applicable billing period; Invoices will be submitted in a timely manner with applicable support.

 

		4.	Provider is performing for STERLING under other SOWs and will be scheduled as appropriate to
coordinate with such other work to avoid redundancy in effort.

 

		5.	Report against specific projects, all hours, detailed expenses, if any, for each month, with
distinct separation of projects and systems;

 

		6.	Induct and train new resources, at No cost to STERLING, for at Least one week on STERLING processes,
standards and guidelines, before productively deploying the resources under this SOW. Send invoices to STERLING address.

 

Schedule and Cost

 

Project Start Date: January 7th, 2019

Project End Date: April 10th, 2019

 

Based on skills provided, KRYPTOPAL will be billing
total of $30,000 with below payment due schedule.

 

		·	Jan 10th, 2019: $5,000

		·	Feb 10th, 2019 $5,000

		·	Feb 20th, 2019: $10,000

		·	Apr 10th, 2019: $10,000

 

In addition to the above payment, total of
200,000 shares of Sterling Consolidated Corp common stock, payable upon completion of the project.

 

Any scope change(s) that impact implementation
schedule and/or cost will be addressed through a formal change order process. No changes will occur unless agreed upon, in writing,
between KRYPTOPAL and STERLING.

 

Checks are payable to KRYPTOPAL

Checks can be mailed to:

KRYPTOPAL

515 E
Grant St, Suite 150

Phoenix
AZ 85004

 

    
Page 2 of 3

    

    

	
        December 26, 2018

        Crypto
        Dividends Allocation

        Scope
        of Work  
	
        

         

        www.KryptoPal.io

        515 E
Grant St, Suite 150, Phoenix AZ 85004

 

 

 

APPROVALS

 

	
         

        STERLING 

         

         

         

 

        Scott Chichester, CFO
	 	
         

        KRYPTOPAL

         

         

         

 

        Venkat Nallapati

        Founder

 

 

 

    
Page 3 of 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00290-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00290-of-00352.parquet"}]]