SEC Contract Filing

Filing Date: 2022-02-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>tm225598d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Execution Copy<B>&nbsp;</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>295 Madison Avenue, Suite 2400</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>New York, NY 10017</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">February 4, 2022</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">11 Summit Lane</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Greenville, DE 19807</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This letter (the <B>&ldquo;Agreement&rdquo;</B>)
constitutes the agreement between Eyenovia, Inc., a Delaware corporation (the <B>&ldquo;Company&rdquo;</B>), on the one hand, and Stuart
Grant (the <B>&ldquo;Investor&rdquo;</B>), on the other hand, with respect to the matters set forth below.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Board
Matters</U></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">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>New Directors</U>. The Board of Directors of the Company (the <B>&ldquo;Board&rdquo;</B>) shall, on the date hereof, take all
necessary actions to expand the size of the Board to allow for the addition of two new members, with terms expiring at the Company&rsquo;s
2022 annual meeting of shareholders (the <B>&ldquo;2022 Annual Meeting&rdquo;</B>), and shall appoint Stephen Benjamin (<B>&ldquo;Mr.
Benjamin&rdquo;</B>) and Rachel Jacobson (<B>&ldquo;Ms. Jacobson</B>,<B>&rdquo; </B>the &ldquo;<B>Initial New Directors</B>&rdquo;) to
fill the resulting vacancies. In addition, a third director (together with the Initial New Directors, the &ldquo;<B>New Directors</B>&rdquo;)
shall be mutually agreed-upon by the Company and the Investor to be nominated to the Board for election at the 2022 Annual Meeting. The
Company also agrees to nominate the New Directors to serve on the Board in its proxy statement for the 2022 Annual Meeting (the &ldquo;<B>Proxy
Statement</B>&rdquo;) and in any proxy card filed and delivered in connection with such meeting and shall <FONT STYLE="background-color: white">recommend
and advocate that the Company&rsquo;s stockholders vote in favor of the election of the New Directors and otherwise support the New Directors
for election in a manner no less rigorous and favorable than the manner in which the Company supports any other nominees</FONT>. To the
extent that Michael Rowe is appointed by the Board as the Company&rsquo;s Chief Executive Officer, he will also be named to the Board
at the time of such appointment.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Certain Committee Appointments</U>. As soon as practicable (and in no event later than five (5) business days) after the date
hereof, the Board shall, after reasonable consultation with the Investor, (i) appoint one of the Initial New Directors to serve on the
Nominating and Corporate Governance Committee of the Board and (ii) such other Initial New Director to serve on one additional committee
of the Board as mutually agreed-upon by the Board and the Investor; it being understood, for the avoidance of doubt, that each Initial
New Director shall be appointed to at least one committee of the Board pursuant to the terms of this Agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Director Resignations</U>. Dr. Ernest Mario shall resign from the Board effective as of the date hereof. In addition, two current
Board members (to be identified separately