SEC Contract Filing

Filing Date: 2017-08-14

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10-1.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">June
15, 2017</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dear
Seph,</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
an executive employee of TearLab Research, Inc., (the &ldquo;Company&rdquo;), you are aware of the potential for a future sale
of the Company. For the benefit of employees and Company shareholders, it may be helpful in securing favorable sales terms to
reduce the severance obligations of the Company under certain existing executive contracts, including your contract dated September
24, 2013. Accordingly, the Company is offering you the voluntary choice to enter into an amendment to your employment contract
dated June 15, 2017</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Should
you choose to agree to the amendment, the Exhibit B (ORIGINAL) to your employment contract will be replaced with the attached
Exhibit B AMENDED. Please carefully read Exhibit B AMENDED in its entirety. Should you agree to the amendment, the terms and obligations
of your employment set forth in your original employment contract that were not contained in Exhibit B are not changed by the
amendment. You should be aware that your employment with the Company will remain at-will. As a result, you are free to resign
at any time, for any reason or for no reason. Similarly, the Company is free to conclude its employment relationship with you
at any time, with or without cause, and with or without notice. We request that, in the event of resignation, you give the Company
at least 30 days&rsquo; notice. Notwithstanding the foregoing, you may be entitled to certain severance benefits upon a qualifying
termination of your employment, as provided in Exhibit B AMENDED.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Should
you agree to the amendment, this letter and the corresponding Exhibit B AMENDED, along with the provisions of your original employment
contract that are not impacted by the amendment, shall constitute your entire employment contract with the Company. The provisions
of your employment contract, including, but not limited to, its at-will employment provisions, may not be modified or amended
except by a written agreement signed by the Director of Human Resources of the Company and you.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2.75in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sincerely,</FONT></P>

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 <TD STYLE="width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
 <TD STYLE="width: 50%; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/
 Lynne Pratt</I></FONT></TD></TR>
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 <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
 <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lynne Pratt</FONT></TD></TR>
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 <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
 <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director Human Resources</FONT></TD></TR>
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