SEC Contract Filing

Filing Date: 2016-08-05

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v446103_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>SEPARATION AGREEMENT</U></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; text-indent: 0.5in">This <B>SEPARATION
AGREEMENT</B> (the &ldquo;<U>Agreement</U>&rdquo;), dated as of August 4, 2016 (the &ldquo;<U>Notice Date</U>&rdquo;) and effective
as of the Effective Date (as defined in this Agreement), is made by and between Neurotrope, Inc., a Nevada corporation and its
operating subsidiary, Neurotrope BioScience, Inc., a Delaware corporation (collectively, the &ldquo;<U>Company</U>&rdquo;), and
Charles S. Ramat (&ldquo;<U>Executive</U>&rdquo;).</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 Company
and the Executive entered into an Employment Agreement dated as of September 28, 2015 (the &ldquo;<U>Employment Agreement</U>&rdquo;)
pursuant to which the Company employed Executive to serve as President and Chief Executive Officer; and</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 Company
and the Executive desire to provide for an amicable and mutually agreed transition of executive management; to implement the provisions
in the Employment Agreement for termination of Executive by the Company without Cause and to make certain amendments to the Employment
Agreement, all in accordance with the terms and conditions of this Separation Agreement;</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">NOW THEREFORE, in consideration
of the mutual covenants and agreements set forth herein, the parties agree as follows (capitalized terms not otherwise defined
herein shall have the meanings assigned to them in the Employment Agreement).</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: 40.5pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Interim CEO.
</U>Executive&rsquo;s employment and Employment Term as Chief Executive Officer (CEO) of the Company shall continue for 60 days
after the Notice Date (the &ldquo;<U>Notice Period</U>&rdquo;). During the Notice Period, the Company will continue to pay Executive
his current Base Salary and will continue Executive&rsquo;s participation in the Company&rsquo;s benefit plans, except that his
Base Salary shall be reduced $10,000 per month.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 40.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 40.5pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reporting.
</U>Executive shall report solely to the entire Board of Directors of the Company (and not to an Executive Committee or other person
or group) during the Notice Period, and will resign from the Board and all other positions Executive holds with the Company at
the end of the Notice Period, or earlier if requested by the Board. Executive hereby waives his rights to be a management nominee
to the Board. As provided in the Employment Agreement, Executive need only follow &ldquo;reasonable and lawful directions&rdquo;
given by the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 40.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 40.5pt">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Transition
Responsibilities</U>. Executive&rsquo;s responsibilities during the Notice Period will be primarily to assist in transition of
his duties to other employees of the Company and Joshua Silverman, consultant to the Company, and such other duties as the Board
may request from time to time. Executive will not participate in or be responsible for any negotiations, terminations or modification
of arrangements between the Company and other Company directors, officers, employees and shareholders, unless otherwise requested
by the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 40.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 40.5pt">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
Without Cause; Entitled to Payments and Benefits. </U>The parties agree that Executive is being terminated by the Company without
Cause and that Executive will receive all of the Accrued Benefits described in the first paragraph of Section 9 of the Employment
Agreement and all of the payments and benefits set forth in Section 9(a) of the Employment Agreement upon such event, including
the &ldquo;Severance&rdquo; payment as defined therein. The &ldquo;Date of Termination&rdquo; for purposes of the Employment Agreement
shall be 60 days after the Notice Dat