0001564590-17-004762 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 20th, 2017 • Novan, Inc. • Pharmaceutical preparations • North Carolina

This Employment Agreement (the “Agreement”) is entered into as of August 25, 2016 (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 M. Joyce Rico, a citizen and resident of Orange County, North Carolina (“Employee”).

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FIRST AMENDMENT TO LICENSE AGREEMENT BETWEEN NOVAN, INC. AND SATO PHARMACEUTICAL CO., LTD.
License Agreement • March 20th, 2017 • Novan, Inc. • Pharmaceutical preparations

This First Amendment to the License Agreement (the “Amendment”) is made and entered into as of January 12, 2017 (the “Amendment Effective Date”) by and between Novan, Inc., a Delaware corporation having an address at 4105 Hopson Road, Morrisville, North Carolina 27560, USA (“Novan”) and Sato Pharmaceutical Co., Ltd., a Japanese corporation having an address at 1-5-27, Moto-Akasaka, Minato-ku, Tokyo 107-0051, Japan (“Sato”), and amends that certain License Agreement between Novan and Sato, dated as of January 12, 2017 (the “Agreement”).

January 12, 2017 Novan, Inc (as Licensor) and Sato Pharmaceutical Co., Ltd (as Licensee) LICENSE AGREEMENT
License Agreement • March 20th, 2017 • Novan, Inc. • Pharmaceutical preparations • Delaware

This License Agreement is entered into by and between Novan, Inc., a Delaware corporation having an address at 4105 Hopson Road, Morrisville, North Carolina 27560, USA (“Novan”) and Sato Pharmaceutical Co., Ltd, a Japanese corporation having an address at 1-5-27, Moto-Akasaka, Minato-ku, Tokyo 107-0051, Japan (“Sato”). Novan and Sato are also referred to individually as a “Party” and together as the “Parties”.

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