SEC Contract Filing

Filing Date: 2019-12-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>f8k121919ex10-4_relmada.htm
<DESCRIPTION>INDEMNITY AGREEMENT, EFFECTIVE DECEMBER 19, 2019, BY AND BETWEEN JOHN GLASSPOOL AND RELMADA THERAPEUTICS, INC.
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.4</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">THIS INDEMNIFICATION AGREEMENT (this &ldquo;Agreement&rdquo;)
effective this 19th day of December, 2019, by and between Relmada Therapeutics, Inc., a Nevada corporation (the &ldquo;<I>Corporation</I>&rdquo;),
and John Glasspool (&ldquo;<U>Indemnitee</U>&rdquo;).</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Corporation,
which is organized under the Nevada Revised Statutes (the &ldquo;<U>NRS</U>&rdquo;), wishes to enter into this Agreement to set
forth certain rights and obligations of the Indemnitee and the Corporation with respect to the Indemnitee&rsquo;s service as a
director of the Corporation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, it is essential
to the Corporation that it be able to retain and attract as directors and officers the most capable persons available;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, increased
corporate litigation has subjected directors and officers to litigation risks and expenses, and the limitations on the availability
of directors and officers liability insurance have made it difficult for the Corporation to attract and retain such persons;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Board
of Directors of the Corporation (the &ldquo;<U>Board</U>&rdquo;) has determined that the difficulty in attracting and retaining
such persons is detrimental to the best interests of the Corporation&rsquo;s stockholders and that the Corporation should contractually
obligate itself to indemnify, and to advance expenses on behalf of, such persons to the fullest extent permitted by applicable
law so that they will serve the Corporation free from undue concern that they will not be so indemnified;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, Indemnitee
performs a valuable service to the Corporation in Indemnitee&rsquo;s capacity as a director of the Corporation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Corporation&rsquo;s
Amended and Restated Bylaws (the &ldquo;<U>Bylaws</U>&rdquo;) include provisions providing for the indemnification of the directors
and officers of the Corporation, including persons serving at the request of the Corporation in such capacities with other corporations
or enterprises, as authorized by the NRS;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Corporation&rsquo;s
Certificate of Incorporation (the &ldquo;<U>Charter</U>&rdquo;), the Bylaws and the NRS, by their non-exclusive nature, permit contracts
between the Corporation and its directors and officers with respect to indemnification of such persons;</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-indent: 0.5in; text-align: justify">WHEREAS, in recognition of Indemnitee&rsquo;s
need for (a) substantial protection against personal liability as a condition to Indemnitee&rsquo;s service to the Corporation
in Indemnitee&rsquo;s capacity as a director of the Corporation in addition to Indemnitee&rsquo;s reliance on the Bylaws, which
Indemnitee believes is inadequate in the present circumstances, and (b) specific contractual assurance of Indemnitee&rsquo;s rights
to full indemnification against risks and expenses (regardless of, among other things, any amendment to or revocation of the Charter
and/or the Bylaws, any change in the composition of the Corporation&rsquo;s Board, or a change in control of the Corporation);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">&nbsp;</P>

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