March 1, 2023 Francis Sarena Re: Retention Bonus and Retention RSUs Dear Francis:Retention Agreement • May 15th, 2023 • Apexigen, Inc. • Pharmaceutical preparations
We view your contribution as important as we evaluate and pursue potential strategic alternative transactions. To show our appreciation for your contribution to Apexigen and as a further incentive to your continued employment with the Company Group, Apexigen is entering into this letter agreement (this “Retention Agreement”) with you. Unless otherwise defined in this Retention Agreement, capitalized terms will have the meanings that are provided in Appendix A.
