0001467154-19-000018 Sample Contracts

THIRD AMENDMENT TO AMENDED, RESTATED, AND CONSOLIDATED LICENSE AGREEMENT
, and Consolidated License Agreement • March 27th, 2019 • Novan, Inc. • Pharmaceutical preparations

This Third Amendment (the “Third Amendment”) to the Amended, Restated and Consolidated License Agreement dated June 27th, 2012 between The University of North Carolina at Chapel Hill (“University”) and Novan, Inc. (“Licensee”), as amended by the First Amendment to Amended, Restated and Consolidated License Agreement dated November 30th, 2012 and further amended by the Second Amendment to Amended, Restated and Consolidated License Agreement dated April 12th, 2016 (hereinafter referred to as the “Agreement”) is entered into as of November 1, 2018 (the “Third Amendment Effective Date”).

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CONSULTING AGREEMENT
Consulting Agreement • March 27th, 2019 • Novan, Inc. • Pharmaceutical preparations • North Carolina

This Consulting Agreement (the “Agreement”) is made and entered into this 29th day of January, 2019, by and between Novan, Inc. (the “Company”) and Jeff N. Hunter (“Consultant”). Throughout the remainder of this Agreement, the Company and Consultant may be collectively referred to as the “Parties” and individually referred to as a “Party.”

EMPLOYMENT AGREEMENT
Employment Agreement • March 27th, 2019 • Novan, Inc. • Pharmaceutical preparations • North Carolina

This Employment Agreement (the “Agreement”) is entered into as of January 29, 2019 (the “Effective Date”) by and between Novan, Inc., a Delaware corporation with its principal place of business in Durham County, North Carolina (the “Company”), and Paula Brown Stafford (“Executive”).

SECOND AMENDMENT TO NOVAN PATENT AND KNOW-HOW LICENSE AGREEMENT
License Agreement • March 27th, 2019 • Novan, Inc. • Pharmaceutical preparations • North Carolina

THIS SECOND AMENDMENT TO NOVAN PATENT AND KNOW-HOW LICENSE AGREEMENT (this “Second Amendment”) is made as of November 2, 2018 (the “Second Amendment Effective Date”) by and between Novan, Inc., a Delaware corporation with a principal place of business at 4105 Hopson Road, Morrisville, North Carolina 27560 (“Novan”), and KNOW Bio, LLC, a North Carolina limited liability company with a principal place of business at 4222 Emperor Blvd. Suite 470, Durham, NC 27703 (“Licensee”). Novan and Licensee may each be referred to as a “Party,” and together as the “Parties.”

SEPARATION AND GENERAL RELEASE AGREEMENT
Separation and General Release Agreement • March 27th, 2019 • Novan, Inc. • Pharmaceutical preparations • North Carolina

This Separation and General Release Agreement (the “Agreement”) is made and entered into this 29th day of January, 2019, by and between Novan, Inc. (the “Company”) and Jeff N. Hunter (“Executive”). Throughout the remainder of this Agreement, the Company and Executive may be collectively referred to as the “Parties” and individually referred to as a “Party.”

SECOND AMENDMENT TO UNC SUBLICENSE AGREEMENT
Unc Sublicense Agreement • March 27th, 2019 • Novan, Inc. • Pharmaceutical preparations • North Carolina

THIS SECOND AMENDMENT TO UNC SUBLICENSE AGREEMENT (this “Second Amendment”) is made as of November 2, 2018 (the “Second Amendment Effective Date”) by and between Novan, Inc., a Delaware corporation with a principal place of business at 4105 Hopson Road, Morrisville, North Carolina 27560 (“Novan”), and KNOW Bio, LLC, a North Carolina limited liability company with a principal place of business at 4222 Emperor Blvd. Suite 470, Durham, NC 27703 (“Licensee”). Novan and Licensee may each be referred to as a “Party,” and together as the “Parties.”

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