0001144204-17-012930 Sample Contracts

LIPOCINE INC. Shares of Common Stock (par value $0.0001 per share) Controlled Equity OfferingSM Sales Agreement
Sales Agreement • March 6th, 2017 • Lipocine Inc. • Pharmaceutical preparations • New York

Lipocine Inc., a Delaware corporation (the “Company”), confirms its agreement (this “Agreement”) with Cantor Fitzgerald & Co. (the “Agent”), as follows:

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SECOND AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT for Morgan Brown
Executive Employment Agreement • March 6th, 2017 • Lipocine Inc. • Pharmaceutical preparations • Utah

This Second Amended and Restated Executive Employment Agreement (the “Agreement”), is dated March 3, 2017 and amends and restates the Amended and Restated Executive Employment Agreement made between Lipocine Inc. (the “Company”) and Morgan Brown (“Executive”) (collectively, the “Parties”), dated effective as of January 7, 2014.

EXECUTIVE EMPLOYMENT AGREEMENT for Gregory Bass
Executive Employment Agreement • March 6th, 2017 • Lipocine Inc. • Pharmaceutical preparations • Utah

This Executive Employment Agreement (the “Agreement”), made between Lipocine Inc. (the “Company”) and Gregory Bass (“Executive”) (each a “Party” and collectively, the “Parties”), is effective as of March 3,2017.

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