SEC Contract Filing

Filing Date: 2022-01-21

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>tm223985d1_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.2</B></P>

<P STYLE="margin: 0">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">THIS
EMPLOYMENT AGREEMENT (the &ldquo;Agreement&rdquo;), made as of this </FONT>21<SUP>st</SUP> day of January, 2022 (the &ldquo;<U>Effective
Date</U>&rdquo;), is entered into by Ekso Bionics Holdings,&nbsp;Inc., a Nevada corporation (the &ldquo;<U>Company</U>&rdquo;), and Steven
Sherman (the &ldquo;<U>Executive</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Company desires
to employ the Executive, and the Executive desires to be employed by the Company.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in consideration
of the mutual covenants and promises contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Employment
Period</B>. </FONT>The term of employment under this Agreement (the &ldquo;<U>Employment Period</U>&rdquo;) shall be the period beginning
on the Effective Date and ending on the first anniversary thereof, unless earlier terminated as provided in Section&nbsp;4.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Title;
Capacity</B>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Executive shall serve as Chief Executive Officer of the Company. The Executive shall be subject to the supervision of, and shall have
such authority as is delegated to the Executive by, the Board of Directors of the Company (the &ldquo;<U>Board</U>&rdquo;). The Executive
hereby accepts such employment and agrees to undertake the duties and responsibilities inherent in such position and such other duties
and responsibilities as the Board shall from time to time reasonably assign to the Executive. The Executive shall continue to serve on
the Board until the Executive resigns or is otherwise removed or ceases to so serve: provided, however, that the Executive shall not be
entitled to any additional compensation for his service on the Board during the Employment Period. For avoidance of doubt, the Executive
will continue to vest in his outstanding equity awards so long as he remains employed by the Company or continues to serve as a director
of the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Executive shall be based at the Company&rsquo;s headquarters in Richmond, California, or such other place or places as the Board and the
Executive shall mutually agree. The parties acknowledge that the Executive may be required to travel in connection with the performance
of his duties hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Executive recognizes that during the period of the Executive&rsquo;s employment hereunder, the Executive owes an undivided duty of loyalty
to the Company, and the Executive will use the Executive&rsquo;s good faith efforts to promote and develop the business of the Company
and its subsidiaries (the Company&rsquo;s subsidiaries from time to time, together with any other affiliates of the Company, the &ldquo;<U>Affiliates</U>&rdquo;).
The Executive shall devote all of the Executive&rsquo;s business time, attention and skills to the performance of the Executive&rsquo;s
services as an executive of the Company. Recognizing and acknowledging that it is essential for the protection and enhancement of the
name and business of the Company and the goodwill pertaining thereto, the Executive shall perform the Executive&rsquo;s duties under this
Agreement professionally, in accordance with the applicable laws, rules&nbsp;and regulations and such standards, policies and procedures
established by the Company and the industry from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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