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Exhibit 10.2

 

GENPREX, INC.

EMPLOYEE STOCK OPTION GRANT NOTICE AND OPTION AGREEMENT

 

As a key leader in our business, you are in a position to have significant influence on the performance and success of Genprex, Inc. (the “Company”).  I am pleased to inform you that, in recognition of the role you play in our collective success, you have been granted an option to purchase shares of the Company’s Common Stock.  This award is subject to the terms and conditions of the following Grant Notice and Stock Option Agreement. Although this award is made outside of the Genprex, Inc. 2018 Equity Incentive Plan (the “Plan”), the terms of the Plan are incorporated herein by reference in accordance with Section A hereof as if the Option were granted under the Plan.  The details of this award are indicated below.

 

	
			Optionee:

				
			Mark S. Berger

			
	
			Date of Grant:

				
			September 27, 2021

			
	
			Number of Shares subject to the Option:

				
			550,000

			
	
			Exercise Price Per Share:

				
			$2.85

			
	
			Type of Option:

				
			Nonqualified Stock Option

			
	
			Term of Option

				
			Ten (10) years

			
	
			Vesting:

				
			Your right to exercise this Option shall vest in three (3) equal installments on each of the first three anniversaries of the Date of Grant (each such date, a “Vesting Date”), in each case subject to your continuing to provide services to the Company through the applicable Vesting Dates.

			

 

/s/ Rodney Varner                                        

Name:  Rodney Varner

Title:  President and Chief Executive Officer

 

Acknowledged and agreed as of the Date of Grant:

 

/s/ Mark S. Berger                                       

Name: Mark S. Berger

 

 

 

 

STOCK OPTION AGREEMENT

 

THIS STOCK OPTION AGREEMENT (together with the above grant notice (the “Grant Notice”), the “Agreement”) is made and entered into as of the date set forth on the Grant Notice by and between Genprex, Inc., a Delaware corporation (the “Company”), and the individual (the “Optionee”) set forth on the Grant Notice.

 

A.        The Company has determined that it is to the advantage and best interest of the Company to grant to the Optionee an option to purchase the number of Shares (the “Shares”) set forth on the Grant Notice, at the exercise price per Share set forth on the Grant Notice (the “Option”).   The Option constitutes a grant made to qualify as an inducement award pursuant to NASDAQ Listing Rule  5635(c) and is not subject to the Plan.  However, any provision of the Plan, as it may be amended from time to time, that is not inconsistent with this Agreement is hereby incorporated herein by reference as if this Agreement and Option were entered into/granted under the Plan.  By entering into this Agreement, the Optionee agrees and acknowledges that Optionee has received and read a copy of the Plan as set forth in Exhibit A hereto.  In the event of any inconsistency between the Plan and this Agreement, the terms of this Agreement shall control.

 

B.        Unless otherwise defined herein, capitalized terms used in this Agreement shall have the meanings set forth in the Plan. 

 

NOW, THEREFORE, in consideration of the mutual agreements contained herein, the Optionee and the Company hereby agree as follows:

 

	 	
			1.

				
			Acceptance of Agreement.  Optionee has reviewed all of the provisions of the Plan, the Grant Notice and this Agreement.  By accepting this Option, Optionee hereby agrees that this Option is granted under and governed by the terms and conditions of the Grant Notice and this Agreement.  The Optionee’s electronic signature of this Agreement shall have the same validity and effect as a signature affixed by hand.

			

 

	 	
			2.

				
			Grant and Terms of Stock Option.

			

	 	
			2.1

				
			Grant of Option.  Pursuant to this Agreement, the Company has granted to the Optionee the right and option to purchase, subject to the terms and conditions set forth in the Plan and this Agreement, all or any part of the number of Shares set forth on the Grant Notice at a purchase price per Share equal to the exercise price per Share set forth on the Grant Notice.  An Option granted pursuant to the Grant Notice and this Agreement shall be a Nonqualified Stock Option.

			

 

	 	
			2.2

				
			Vesting and Term of Option.  This Section 2.2 is subject to the provisions of the Plan and the other provisions of this Agreement.

			

	 	
			2.2.1

				
			This Option shall vest and become exercisable as described in the Grant Notice.

			

 

	 	
			2.2.2

				
			The “Term” of this Option shall begin on the Date of Grant set forth in the Grant Notice and end on the expiration of the Term specified in the Grant Notice.  No portion of this Option may be exercised after the expiration of the Term.

			

 

	 	
			2.2.3

				
			For the purposes of this Agreement, “Termination” shall mean the termination of the employment or service of the Optionee with the Company and all Affiliates thereof (including because of the Optionee’s employer ceasing to be an affiliate of the Company).  For purposes of this Agreement, Termination will not occur when Optionee goes on a military leave, a sick leave or another bona fide leave of absence that was approved by the Company in writing if the terms of the leave provide for continued service crediting, or when continued service crediting is required by Applicable Laws.  Notwithstanding the foregoing, an approved leave of absence for six months or less, which does not in fact exceed six months, will not result in Termination for purposes of this Agreement.  However, Termination will occur when an approved leave described in this Section A ends, unless Optionee immediately returns to active work.

			

 

	 	
			2.2.4

				
			In the event of Optionee’s Termination for any reason (including death or Disability) other than Optionee’s Termination for Cause:

			

	 	
			2.2.4.1

				
			the portion of this Option that is not vested and exercisable as of the Termination of Status Date shall not continue to vest and shall be immediately cancelled and terminated; and

			

 

	 	
			2.2.4.2

				
			the portion of this Option that is vested and exercisable as of the Termination of Status Date shall terminate and be cancelled on the earlier of:

			

	 	
			a.

				
			the expiration of the Term and

			

 

	 	
			b.

				
			one (1) year after such Termination of Status Date.

			

 

	 	
			2.2.5

				
			In the event of Optionee’s Termination for Cause, or if, after the Termination, the Administrator determines that Cause existed before such Termination, this entire Option shall not continue to vest, shall be cancelled and terminated as of the Termination of Status Date, and shall no longer be exercisable as to any Shares, whether or not previously vested.  

			

 

	 	
			2.2.6

				
			Notwithstanding anything in this Section 2 to the contrary, in the event of Optionee’s Termination without Cause within twelve (12) months following a Change in Control (as defined in the Plan), the portion of this Option that is not vested and exercisable as of the Termination of Status Date shall accelerate and vest in full upon the Termination of Status Date.  

			

 

 

 

 

	 	
			3.

				
			Method of Exercise.

			

	 	
			3.1

				
			Method of Exercise.  Each election to exercise the Option shall be subject to the terms and conditions of the Plan and shall be in writing, signed by the Optionee or by his or her executor, administrator, or permitted transferee (subject to any restrictions provided under the Plan), made pursuant to and in accordance with the terms and conditions set forth in the Plan and received by the Company at its principal offices, accompanied by payment in full as provided in the Plan or in this Agreement.  Notwithstanding any of the foregoing, the Administrator shall have the right to specify all conditions of the manner of exercise.  Upon the Company’s determination that the Option has been validly exercised as to any of the Shares, the Company may issue certificates in the Optionee’s name for such Shares.  However, the Company shall not be liable to the Optionee for damages relating to any reasonable delays in issuing the certificates to the Optionee, any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves which it promptly undertakes to correct.  

			

 

	 	
			3.2

				
			Restrictions on Exercise.  No Shares will be issued pursuant to the exercise of this Option unless and until there shall have been full compliance with all applicable requirements of the Securities Act, as amended (whether by registration or satisfaction of exemption conditions), all applicable listing requirements of any national securities exchange or other market system on which the Common Stock is then listed and all applicable requirements of any Applicable Laws and of any regulatory bodies having jurisdiction over such issuance.  As a condition to the exercise of this Option, the Company may require the Optionee to make any representation and warranty to the Company as may be necessary or appropriate, in the judgment of the Administrator, to comply with any Applicable Law.  In addition, Optionee shall not sell any Shares acquired upon exercise of this Option at a time when Applicable Laws, regulations or Company’s or underwriter trading policies prohibit such sale.  Any other provision of this Agreement notwithstanding, the Company shall have the right to designate one or more periods of time, each of which shall not exceed 180 days in length, during which this Option shall not be exercisable if the Administrator determines (in its sole discretion) that such limitation on exercise could in any way facilitate a lessening of any restriction on transfer pursuant to the Securities Act or any state securities laws with respect to any issuance of securities by the Company, facilitate the registration or qualification of any securities by the Company under the Securities Act or any state securities laws, or facilitate the perfection of any exemption from the registration or qualification requirements of the Securities Act or any applicable state securities laws for the issuance or transfer of any securities.  Such limitation on exercise shall not alter the vesting schedule set forth in this Agreement other than to limit the periods during which this Option shall be exercisable.

			

 

	 	
			3.3

				
			Method of Payment.  Payment of the exercise price shall be made in full at the time of exercise (a) by the delivery of cash or check acceptable to the Administrator, including an amount to cover the withholding taxes (as provided in Section 7.11) with respect to such exercise, or (b) any other method, if any, approved by the Administrator, including (i) by means of consideration received under any cashless exercise procedure, if any, approved by the Administrator (including the withholding of Shares otherwise issuable upon exercise) or (ii) any other form of consideration approved by the Administrator and permitted by Applicable Laws.

			

 

	 	
			3.4

				
			No Rights as a Shareholder.  Until the Shares are issued to the Optionee (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a shareholder will exist with respect to the Shares, notwithstanding the exercise of the Option.

			

 

	 	
			4.

				
			Non-Transferability of Option.  Except as provided below, this Option may not be sold, assigned transferred in any manner, pledged or otherwise encumbered other than by will or by the laws of descent or distribution or to a beneficiary designated pursuant to the Plan, and may be exercised during the lifetime of Optionee only by Optionee or the Optionee’s guardian or legal representative.  Subject to all of the other terms and conditions of this Agreement, following the death of Optionee, this Option may, to the extent it is vested and exercisable by Optionee in accordance with its terms on the Termination of Status Date, be exercised by Optionee’s executor or administrator, or the person or persons to whom the Optionee’s rights under this Agreement shall pass by will or by the laws of descent and distribution as the case may be.  Any heir or legatee of the Optionee shall take rights herein granted subject to the terms and conditions hereof.

			

 

	 	
			5.

				
			Restrictions; Restrictive Legends.  Ownership and transfer of Shares issued pursuant to the exercise of this Option will be subject to the provisions of, including ownership and transfer restrictions contained in, the Company’s Certificate of Incorporation or Bylaws, as amended from time to time, restrictions imposed by Applicable Laws and restrictions set forth or referenced in legends imprinted on certificates representing such Shares.

			

 

	 	
			6.

				
			Dissolution or Liquidation.  In the event of the proposed dissolution or liquidation of the Company, to the extent that this Option had not been previously exercised, it will terminate immediately prior to the consummation of such proposed dissolution or liquidation.  In such instance, the Administrator may, in the exercise of its sole discretion, declare that this Option will terminate as of a date fixed by the Administrator and give the Optionee the right to exercise this Option prior to such date as to all or any part of the optioned stock, including Shares as to which this Option would not otherwise be exercisable.

			

 

 

 

 

	 	
			7.

				
			General.

			

	 	
			7.1

				
			Governing Law.  This Agreement shall be governed by and construed under the laws of the State of Delaware applicable to agreements made and to be performed entirely in Delaware, without regard to the conflicts of law provisions of Delaware or any other jurisdiction.

			

 

	 	
			7.2

				
			Community Property.  Without prejudice to the actual rights of the spouses as between each other, for all purposes of this Agreement, the Optionee shall be treated as agent and attorney-in-fact for that interest held or claimed by his or her spouse with respect to this Option and the parties hereto shall act in all matters as if the Optionee was the sole owner of this Option.  This appointment is coupled with an interest and is irrevocable.

			

 

	 	
			7.3

				
			No Employment Rights.  Nothing herein contained shall be construed as an agreement by the Company or any of its Subsidiaries, express or implied, to employ the Optionee or contract for the Optionee’s services, to restrict the Company’s or such Subsidiary’s right to discharge the Optionee or cease contracting for the Optionee’s services or to modify, extend or otherwise affect in any manner whatsoever the terms of any employment agreement or contract for services which may exist between the Optionee and the Company or any affiliate.

			

 

	 	
			7.4

				
			Application to Other Stock.  In the event any capital stock of the Company or any other corporation shall be distributed on, with respect to, or in exchange for Shares as a stock dividend, stock split, reclassification or recapitalization in connection with any merger or reorganization or otherwise, all restrictions, rights and obligations set forth in this Agreement shall apply with respect to such other capital stock to the same extent as they are, or would have been applicable, to the Shares on or with respect to which such other capital stock was distributed, and references to “Company” in respect of such distributed stock shall be deemed to refer to the company to which such distributed stock relates.

			

 

	 	
			7.5

				
			No Third-Party Benefits.  Except as otherwise expressly provided in this Agreement, none of the provisions of this Agreement shall be for the benefit of, or enforceable by, any third-party beneficiary.

			

 

	 	
			7.6

				
			Successors and Assigns.  Except as provided herein to the contrary, this Agreement shall be binding upon and inure to the benefit of the parties, their respective successors and permitted assigns.

			

 

	 	
			7.7

				
			No Assignment.  Except as otherwise provided in this Agreement, the Optionee may not assign any of his or her rights under this Agreement without the prior written consent of the Company, which consent may be withheld in its sole discretion. The Company shall be permitted to assign its rights or obligations under this Agreement so long as such assignee agrees to perform all of the Company’s obligations hereunder.

			

 

	 	
			7.8

				
			Severability.  The validity, legality or enforceability of the remainder of this Agreement shall not be affected even if one or more of the provisions of this Agreement shall be held to be invalid, illegal or unenforceable in any respect.

			

 

	 	
			7.9

				
			Equitable Relief.  The Optionee acknowledges that, in the event of a threatened or actual breach of any of the provisions of this Agreement, damages alone will be an inadequate remedy, and such breach will cause the Company great, immediate and irreparable injury and damage.  Accordingly, the Optionee agrees that the Company shall be entitled to injunctive and other equitable relief, and that such relief shall be in addition to, and not in lieu of, any remedies it may have at law or under this Agreement.

			

 

	 	
			7.10

				
			Jurisdiction.  Any suit, action or proceeding with respect to this Agreement, or any judgment entered by any court in respect of any thereof, shall be brought in any court of competent jurisdiction in the State of Texas, and the Company and the Optionee hereby submit to the exclusive jurisdiction of such courts for the purpose of any such suit, action, proceeding or judgment.  The Optionee and the Company hereby irrevocably waive (i) any objections which it may now or hereafter have to the laying of the venue of any suit, action or proceeding arising out of or relating to this Agreement brought in any court of competent jurisdiction in the State of Texas, (ii) any claim that any such suit, action or proceeding brought in any such court has been brought in any inconvenient forum and (iii) any right to a jury trial.

			

 

 

 

 

	 	
			7.11

				
			Taxes.  By agreeing to this Agreement, the Optionee represents that he or she has reviewed with his or her own tax advisors the federal, state, local and foreign tax consequences of the transactions contemplated by this Agreement and that he or she is relying solely on such advisors and not on any statements or representations of the Company or any of its agents.  The Company shall be entitled to require a cash payment by or on behalf of the Optionee and/or to deduct from the Shares or cash otherwise issuable hereunder or other compensation payable to the Optionee the minimum amount of any sums required by federal, state or local tax law to be withheld (or other such sums that will not cause adverse accounting consequences for the Company and is permitted under applicable withholding rules promulgated by the Internal Revenue Service or another applicable governmental entity) in respect of the Option, its exercise or any payment or transfer under or with respect to the Option.

			

 

	 	
			7.12

				
			Headings.  The section headings in this Agreement are inserted only as a matter of convenience, and in no way define, limit, extend or interpret the scope of this Agreement or of any particular section.

			

 

	 	
			7.13

				
			Number and Gender.  Throughout this Agreement, as the context may require, (a) the masculine gender includes the feminine and the neuter gender includes the masculine and the feminine; (b) the singular tense and number includes the plural, and the plural tense and number includes the singular; (c) the past tense includes the present, and the present tense includes the past; (d) references to parties, sections, paragraphs and exhibits mean the parties, sections, paragraphs and exhibits of and to this Agreement; and (e) periods of days, weeks or months mean calendar days, weeks or months.

			

 

	 	
			7.14

				
			Data Privacy.  Optionee agrees that all of Optionee’s information that is described or referenced in this Agreement and the Plan may be used by the Company, its affiliates and the designated broker and its affiliates to administer and manage Optionee’s participation in the Plan.

			

 

	 	
			7.15

				
			Acknowledgments of Optionee.  Optionee has reviewed the Plan and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement, fully understands all provisions of the Plan and this Agreement and, by accepting the Notice of Grant, acknowledges and agrees to all of the provisions of the Grant Notice, the Plan and this Agreement.

			

 

	 	
			7.16

				
			Complete Agreement.  The Grant Notice, this Stock Option Agreement, the Plan, and the applicable provisions (if any) contained in a written employment agreement between the Company or an affiliate and the Optionee constitute the parties’ entire agreement with respect to the subject matter hereof and supersede all agreements, representations, warranties, statements, promises and understandings, whether oral or written, with respect to the subject matter hereof.  

			

 

	 	
			7.17

				
			Waiver. The Optionee acknowledges that a waiver by the Company of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by the Optionee.

			

 

	 	
			7.18

				
			Signature in Counterparts.  This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

			

 

 

 

 

	 	
			7.19

				
			Amendments and Termination. To the extent permitted by the Plan, this Agreement may be wholly or partially amended, altered or terminated at any time or from time to time by the Administrator or the Board, but no amendment, alteration or termination shall be made that would materially impair the rights of an Optionee under the Option without such Optionee’s consent.  If it is determined that the terms of this Agreement have been structured in a manner that would result in adverse tax treatment under Section 409A of the Code, the parties agree to cooperate in taking all reasonable measures to restructure the arrangement to minimize or avoid such adverse tax treatment without materially impairing Optionee’s economic rights.

			

 

	 	
			7.20

				
			Waiver of Jury Trial.  TO THE EXTENT EITHER PARTY INITIATES LITIGATION INVOLVING THIS AGREEMENT OR ANY ASPECT OF THE RELATIONSHIP BETWEEN US (EVEN IF OTHER PARTIES OR OTHER CLAIMS ARE INCLUDED IN SUCH LITIGATION), ALL OF THE PARTIES WAIVE THEIR RIGHT TO A TRIAL BY JURY.  THIS WAIVER WILL APPLY TO ALL CAUSES OF ACTION THAT ARE OR MIGHT BE INCLUDED IN SUCH ACTION, INCLUDING CLAIMS RELATED TO THE ENFORCEMENT OR INTERPRETATION OF THIS AGREEMENT, ALLEGATIONS OF STATE OR FEDERAL STATUTORY VIOLATIONS, FRAUD, MISREPRESENTATION, OR SIMILAR CAUSES OF ACTION, AND IN CONNECTION WITH ANY LEGAL ACTION INITIATED FOR THE RECOVERY OF DAMAGES BETWEEN OR AMONG US OR BETWEEN OR AMONG ANY OF OUR OWNERS, AFFILIATES, OFFICERS, EMPLOYEES OR AGENTS.

			

 

	 	
			7.21

				
			Electronic Delivery and Disclosure. The Company may, in its sole discretion, decide to deliver or disclose, as applicable, any documents related to this Award granted under the Plan, future awards that may be granted under the Plan, the prospectus related to the Plan, the Company’s annual reports or proxy statements by electronic means or to request Optionee’s consent to participate in the Plan by electronic means, including, but not limited to, the Securities and Exchange Commission’s Electronic Data Gathering, Analysis, and Retrieval system or any successor system (“EDGAR”).  Optionee hereby consents to receive such documents delivered electronically or to retrieve such documents furnished electronically (including on EDGAR), as applicable, and agrees to participate in the Plan through any online or electronic system established and maintained by the Company or another third party designated by the Company.

			

 

	 	
			7.22

				
			Section 409A.  The parties intend for the Option to be exempt from Section 409A of the Code or, if not so exempt, to be treated in a manner which complies with the requirements of such section, and intend that this Agreement be construed and administered in accordance with such intention.  In the event that the parties determine that the terms of this Agreement or the Option needs to be modified in order to comply with Section 409A of the Code, the parties shall cooperate reasonably to do so in a manner intended to best preserve the economic benefits of this Agreement.  Any payments that qualify for the “short-term deferral” exception or another exception under Section 409A of the Code shall be paid under the applicable exception.  For purposes of the limitations on nonqualified deferred compensation under Section 409A of the Code, each payment of compensation under this Agreement shall be treated as a separate payment of compensation.  Notwithstanding anything contained herein to the contrary, to the extent required in order to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, amounts that would otherwise be payable and benefits that would otherwise be provided pursuant to this Agreement during the six-month period immediately following the Participant’s separation from service shall instead be paid on the first business day after the date that is six months following the Participant’s termination date (or death, if earlier).HTML Editor

Exhibit 10.3

 

September 3, 2021

 

Dear Dr. Kumar:

 

We are pleased to extend an offer of employment with Genprex, Inc. (the “Company”) for the position of Chief Manufacturing & Technology Officer.  Your start date (the “Start Date”) will be September 27, 2021, or such other date as the parties shall agree.  You will report to the Chief Executive Officer and have such duties and responsibilities as shall be designated to you from time to time and as shall be considered appropriate for your position. In this position you will initially work remotely but are expected to engage in travel on behalf of the Company.

 

The Company understands that it is you intention to relocate to Texas at some point in the future. At that time, the Company will provide relocation assistance in an amount to be determined to provide reimbursement for certain reasonable relocation-related expenses associated with your move.

 

This position is considered a full-time regular position which requires your complete professional attention.  As such, while you render services to the Company, you will not engage in any other employment, consulting, or other business activity without the prior written consent of the Company’s Chief Executive Officer.  This offer is contingent approval by the Board of Directors of the Company and upon the Company receiving satisfactory results from your background check and completed Director and Officer Questionnaire as well as your providing the Company with legal proof of your identity and authorization to work in the United States.

 

Compensation:

 

In consideration for your services, you will receive an annual base salary of $325,000 payable in accordance with the Company’s standard payroll practices and subject to applicable tax withholdings and other payroll deductions.  This position is considered exempt for federal and state wage and hour laws which means that you will not be receiving any overtime payment for overtime hours worked pursuant to federal and state law.  

 

In addition, you will be eligible to be considered for an incentive bonus for each fiscal year of the Company.  The bonus (if any) will be awarded based on objective or subjective criteria established by the Company’s Chief Executive Officer and approved by the Company’s Board of Directors.  Your target bonus will be up to 40% of your annual base salary.  Any bonus for the fiscal year in which your employment begins will be prorated. The determinations of the Company’s Board of Directors with respect to your bonus will be final and binding.

 

Equity: 

 

You will receive options (the “Options”) to purchase 400,000 shares of the Company’s Common Stock.  The terms of the Options shall be contained in an Option Agreement which shall contain terms based on the Company’s 2018 Equity Incentive Plan and as otherwise approved by the Compensation Committee of the Board of Directors.  The Options shall have a per share exercise price equal to the closing price of the Common Stock on the date of grant and shall vest and become exercisable subject to your continued employment, as to one-third of the shares on the first, second and third anniversaries of your Start Date.

 

Benefits:

 

Beginning on the first day of the month following your Start Date you will be eligible to participate in benefits generally available to other employees in the Company.  For details regarding the Company’s benefits plans, eligibility requirements and coverage, please see specific plan documents.  All benefits are subject to periodic changes to the Company’s benefits package.

 

Paid Time Off (PTO):

 

You will be eligible for 20 days' paid time off per year.  In addition, the Company offers 8 paid holidays per year plus a year-end “shutdown”.  PTO will be pro-rated for your first calendar year of employment and will accrue as per Company practice.

 

Employment Relationship:

 

In accepting our offer of employment, you acknowledge and agree that your employment relationship with the Company is considered to be on an at-will basis and, consequently, your employment may be terminated by either you or the Company at any time and for any reason.  In the event of your resignation, the Company requests that you provide two (2) weeks’ prior written notice. By signing this offer letter, you confirm to the Company that you have no contractual commitments or other legal obligations that would prohibit you from performing your duties for the Company. 

 

Restrictive Covenants:

 

As a condition of your employment, you are required to sign the Company’s standard Confidential Information, Assignment of Inventions and Non-Compete Agreement which will be presented during your onboarding.

 

Please indicate your acceptance of this offer by signing and returning the letter to me no later than September 10, 2021.  This offer will expire, if not accepted by that date.

 

Should you have any questions regarding this letter, please do not hesitate to contact me.  We are very excited to have you join the team and we look forward to working with you.

 

Sincerely,

 

David Schloss

HR Business Lead, Genprex

 

 

I have read and accepted this employment offer:

 

/s/ Hemant Kumar       

Signature of employee

 

September 6, 2021     

Dated

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