SEC Contract Filing

Filing Date: 2024-11-13

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>ex10-1.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.1</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>FORM
OF COMPANY STOCKHOLDER SUPPORT AGREEMENT</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Support Agreement (this &ldquo;<U>Agreement</U>&rdquo;) is made and entered into as of [&bull;], 2024, by and among Cullgen Inc., a Delaware
corporation (the &ldquo;<U>Company</U>&rdquo;), Pulmatrix, Inc., a Delaware corporation (&ldquo;<U>Parent</U>&rdquo;), and the undersigned
holder (the &ldquo;<U>Stockholder</U>&rdquo;) of Shares (as defined below) of the Company. Capitalized terms used herein but not otherwise
defined shall have the respective meanings ascribed to such terms in the Merger Agreement (as defined below).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RECITALS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
concurrently with the execution and delivery hereof, Parent, the Company, PCL Merger Sub, Inc., a Delaware corporation and a wholly owned
subsidiary of Parent (the &ldquo;<U>First Merger Sub</U>&rdquo;) and PCL Merger Sub II, LLC, a Delaware limited liability company and
a wholly owned subsidiary of Parent (&ldquo;<U>Second Merger Sub</U>,&rdquo; and together with First Merger Sub, &ldquo;<U>Merger Sub</U>&rdquo;),
have entered into an Agreement and Plan of Merger and Reorganization, dated of even date herewith (as such agreement may be amended or
supplemented from time to time pursuant to the terms thereof, the &ldquo;<U>Merger Agreement</U>&rdquo;), pursuant to which (i) First
Merger Sub will merge with and into the Company (the &ldquo;<U>First Merger</U>&rdquo;), with the Company surviving the First Merger
as the surviving corporation and a wholly owned subsidiary of Parent, and (ii) the Company will merge with and into Second Merger Sub
(the &ldquo;<U>Second Merger</U>&rdquo; and, together with the First Merger, the &ldquo;<U>Merger</U>&rdquo;), with Second Merger Sub
surviving the Second Merger as the surviving company, in each case, upon the terms and subject to the conditions set forth in the Merger
Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
as of the date hereof, the Stockholder is the beneficial owner (as defined in Rule 13d-3 under the Exchange Act) and has sole or shared
voting power with respect to such number of Shares, and holds Company Options to acquire the number of Shares, as indicated in <U>Appendix
A</U>.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
as an inducement and a condition to the willingness of Parent to enter into the Merger Agreement, each Stockholder has agreed to enter
into and perform this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NOW,
THEREFORE, in consideration of, and as a condition to, Parent entering into the Merger Agreement, each Stockholder, Parent and the Company
agree as follows:</FONT></P>

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