[Rexahn Pharmaceuticals, Inc.] (August 5th, 2016)
I am pleased to inform you that the Board of Directors of Rexahn Pharmaceuticals, Inc. (the "Company"), has awarded you a bonus (the "Bonus") in the gross amount in the amount of One Hundred Thousand Dollars ($100,000), which shall be payable on the Company's next regular payroll date. This Bonus will be paid to you net of applicable taxes and other deductions that the Company is required to make under applicable law (the "Net Amount"). The Bonus is subject to the terms and conditions of this letter. Capitalized terms used in this letter without definition shall have the meanings given those terms in the Employment Agreement dated February 2, 2015 (the "Employment Agreement"), by and between you and the Company.