<SEC-DOCUMENT>0001558370-19-000195.txt : 20190122
<SEC-HEADER>0001558370-19-000195.hdr.sgml : 20190122
<ACCEPTANCE-DATETIME>20190122172426
ACCESSION NUMBER:		0001558370-19-000195
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20190121
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190122
DATE AS OF CHANGE:		20190122

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AxoGen, Inc.
		CENTRAL INDEX KEY:			0000805928
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
		IRS NUMBER:				411301878
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36046
		FILM NUMBER:		19536032

	BUSINESS ADDRESS:	
		STREET 1:		13631 PROGRESS BLVD.
		STREET 2:		SUITE 400
		CITY:			ALACHUA
		STATE:			FL
		ZIP:			32615
		BUSINESS PHONE:		(386) 462-6817

	MAIL ADDRESS:	
		STREET 1:		13631 PROGRESS BLVD.
		STREET 2:		SUITE 400
		CITY:			ALACHUA
		STATE:			FL
		ZIP:			32615

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LECTEC CORP /MN/
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8-k.htm
<DESCRIPTION>8-K
<TEXT>
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			axgn_20190122-8K
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			<font style="display:inline;font-size:1pt;">&nbsp;</font>
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			<font style="display:inline;">UNITED STATES</font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">SECURITIES AND EXCHANGE COMMISSION</font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">Washington, D.C. 20549</font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
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		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;text-align:center;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 16pt;">
			<font style="display:inline;font-size:16pt;">Form 8-K</font>
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		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;text-align:center;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">&nbsp;</font>
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		<p style="margin:0pt;text-align:center;font-weight:bold;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Current Report</font>
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		<p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of&nbsp;1934</font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
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		<p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">Date of Report (Date of earliest event reported): January 21, 2019</font>
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		<p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 16pt;">
			<font style="display:inline;font-size:16pt;">AXOGEN, INC</font><font style="display:inline;">.</font>
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		<p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">(</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Exact name of registrant as specified in its charter)</font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">Minnesota</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">001-36046</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">41-1301878</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">(State or other jurisdiction of</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">(Commission&nbsp;File&nbsp;Number)</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">(IRS Employer Identification&nbsp;No.)</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">incorporation)</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
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		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
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					<p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">13631 Progress Boulevard, Suite 400,</font></p>
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					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">Alachua,&nbsp;Florida </font></p>
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					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
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				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:47.64%;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">32615</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">(Address of Principal&nbsp;Executive&nbsp;Offices)</font></p>
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					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
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				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:47.64%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">(Zip Code)</font></p>
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		<p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Registrant&#x2019;s telephone number, including area code</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
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		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;">
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				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:100.00%;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">(386) 462-6800</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">(Former name or former address if changed since last report,)</font></p>
				</td>
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		</table></div>
		<p style="margin:0pt;font-family:Calibri;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&#x2610;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;&nbsp;&nbsp;&nbsp;Written&nbsp;communications&nbsp;pursuant&nbsp;to&nbsp;Rule&nbsp;425&nbsp;under&nbsp;the&nbsp;Securities&nbsp;Act&nbsp;(17&nbsp;CFR&nbsp;230.425)</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&#x2610;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;&nbsp;&nbsp;&nbsp;Soliciting&nbsp;material&nbsp;pursuant&nbsp;to&nbsp;Rule&nbsp;14a-12&nbsp;under&nbsp;the&nbsp;Exchange&nbsp;Act&nbsp;(17&nbsp;CFR&nbsp;240.14a-12)</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&#x2610;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&#x2610;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#xA7;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#xA7;240.12b-2 of this chapter).</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Emerging growth company </font><font style="display:inline;color:#000000;font-size:9pt;">&#x2610;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </font><font style="display:inline;color:#000000;font-size:9pt;">&#x2610;</font>
		</p>
		<p style="margin:0.05pt 0pt 0pt;border-bottom:1pt solid #000000 ;font-family:Calibri;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-bottom:3pt solid #000000 ;font-family:Calibri;font-size: 1pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:1pt;">&nbsp;</font>
		</p>
		<p style="margin:0.2pt 0pt 0pt;font-family:Calibri;font-size: 5pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:5.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 11pt;">
			&nbsp;
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;font-family:Calibri;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:9pt;">Item 5.02&nbsp; Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.&nbsp; </font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">On January 22, 2019, AxoGen, Inc. (the &#x201C;Company&#x201D;) issued a press release announcing the appointment of Eric Sandberg as the Company's Chief Commercial Officer, effective as of January 21, 2019. </font>
		</p>
		<p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">In connection with his employment and appointment as the Company's Chief Commercial Officer, Mr. Sandberg entered into an Executive Employment Agreement with AxoGen Corporation, a wholly owned subsidiary of the Company (&#x201C;AC&#x201D;), dated as of January 21, 2019 (the &#x201C;Sandberg Employment Agreement&#x201D;) that provides for at-will employment. Under the Sandberg Employment Agreement, Mr. Sandberg will receive a base salary of $350,000 (to be reviewed on an annual basis), be eligible to participate in AC's current bonus program and receive benefits afforded to other executive officers. For 2019, Mr. Sandberg&#x2019;s bonus under the bonus program will be pro-rated based on his start date and he will have a target rate set at 50% of his base salary subject to conditions established by the Company&#x2019;s Board of Directors. </font>
		</p>
		<p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">Mr. Sandberg was also granted a non-qualified inducement stock option (the &#x201C;Option Agreement&#x201D;) for 45,000 shares of the Company's common stock on January 22, 2019, such option has a ten-year term, an exercise price of $16.17 which is equal to the fair market value of the Company&#x2019;s common stock based on the closing price of the Company common stock on the option grant date and is subject to the terms of the Option Agreement.&nbsp;&nbsp;Such option will vest as to 50% of the shares after one year and 12.5% every six months thereafter until fully vested; provided, however, that such option shall automatically accelerate and become fully exercisable in the event that, following a Change in Control (as defined in the Sandberg Employment Agreement), Mr. Sandberg is terminated without &#x201C;Substantial Cause&#x201D; (as defined in the Sandberg Employment Agreement) within 6 months of the Change of Control or he resigns for &#x201C;Good Reason&#x201D; (as defined in the Sandberg Employment Agreement) within 3 months of the Change of Control. &nbsp;In addition, Mr. Sandberg has been granted performance stock units (the &#x201C;PSUs&#x201D; and each, a &#x201C;PSU&#x201D;) representing 10,500 shares of the Company&#x2019;s common stock (the &#x201C;Shares&#x201D;) pursuant to the Company&#x2019;s 2010 Stock Incentive Plan and form of PSU agreement (the &#x201C;PSU Agreement&#x201D;) that will vest up to 150% based on continued service and attainment of certain gross revenue targets.&nbsp;&nbsp;On February 15, 2020, the Compensation Committee of the Board of Directors of the Company will make a determination of the total number of Shares that will vest based on the actual performance of the Company. Once the number of Shares has been determined, 33.33% will vest on each of February&nbsp;15, 2020 and February 15, 2021 and 33.34% will vest on February&nbsp;15, 2022, provided that Mr. Sandberg has been continuously employed through each vesting date as to the particular number of Shares vesting. In the event of a &#x201C;Change in Control&#x201D; (as defined in the PSU Agreement), the vesting of all or a portion of the PSUs shall accelerate. </font>
		</p>
		<p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">In the event Mr. Sandberg&#x2019;s employment is terminated without Substantial Cause or he resigns for Good Reason following a &nbsp;Change in Control (both terms as defined in the Sandberg Employment Agreement), he will be entitled to a severance payment consisting of: (A) 12 months of base salary; (B) an amount equal to any bonuses paid to Mr. Sandberg during the 12-month period prior to termination of employment; and (C) continued health coverage for up to 12 months, subject to certain conditions set forth in the Sandberg Employment Agreement. &nbsp; </font>
		</p>
		<p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">Mr. Sandberg, age 54, brings more than 25 years of leadership experience&nbsp;in commercializing&nbsp;medical technologies, to the Company. From 2016 until joining AxoGen, he served as the Chief Executive Officer of Visura Technologies, Inc., a cardiologist-founded medical device company.&nbsp;&nbsp;From 2016 until 2018, Mr. Sandberg served as the Chief Business Officer of Rhythm Therapeutics, Inc., an electrophysiologist-founded preclinical biotechnology company.&nbsp;&nbsp;From 2014 until 2018, he served as the President and Chief Executive Officer of Tangent Medical Technologies, Inc., a medical device company.&nbsp;&nbsp;Mr. Sandberg also served as Senior Vice President, Sales at CardioDx, Inc., a molecular diagnostics company, from 2008 until 2013.&nbsp;&nbsp;Prior to joining CardioDx, Inc., Mr. Sandberg worked at Russell Reynolds Associates and held leadership positions across sales, marketing, corporate accounts, and business development at Guidant Corporation and Boston Scientific.&nbsp;&nbsp;Mr. Sandberg currently serves as a director on the Board of Directors of Visura Technologies, Inc.&nbsp;&nbsp;Mr. Sandberg earned an MBA from Harvard Business School and a Bachelor of Science degree in mechanical engineering from Bradley University in Peoria, IL.</font>
		</p>
		<p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">Mr. Sandberg does not have any family relationship with any director or executive officer, or a person nominated to be a director or executive officer of the Company or AC. Mr. Sandberg has not engaged in any transactions with the Company or AC that are required to be disclosed under Item 404(a) of Regulation S-K, nor have any such transactions been proposed.&nbsp;&nbsp;There are no arrangements or understandings between Mr. Sandberg and any other person(s) pursuant to which Mr. Sandberg was appointed as the Company's Chief Commercial Officer. </font>
		</p>
		<p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">The foregoing descriptions of the Sandberg Employment Agreement, the Option Agreement and the PSU Agreement are qualified in their entirety by reference to the full text of such agreements, which are filed as Exhibits 10.1, 10.2 and 10.3, respectively, to this Current Report on Form 8-K. </font>
		</p>
		<p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">The full text of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K. </font>
		</p>
		<p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;font-family:Calibri;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;font-family:Calibri;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">Item 9.01. Financial Statements and Exhibits</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;">
			<tr>
				<td valign="bottom" style="border-bottom:1pt none #D9D9D9 ;width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">P</font></p>
				</td>
				<td valign="bottom" style="border-bottom:1pt none #D9D9D9 ;width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-bottom:1pt none #D9D9D9 ;width:83.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
				</td>
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					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Exhibit&nbsp;No.</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:02.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:83.00%;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Description</font></p>
				</td>
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			<tr>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:15.00%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">10.1*</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:02.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:83.00%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<a href="ex-10d1.htm"><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Executive Employment Agreement dated as of January 21, 2019, by and between AxoGen Corporation and Eric Sandberg</a></font>.</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:15.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">10.2*</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:02.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:83.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<a href="ex-10d2.htm"><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Form of Non-Qualified Stock Option Inducement Award Agreement to be granted by AxoGen, Inc. to Eric Sandberg on January 22, 2019.</font></a></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:15.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">10.3*</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:02.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:83.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<a href="http://www.sec.gov/Archives/edgar/data/805928/000155837017001241/axgn-20161231ex1023b18e9.htm"><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Form of Performance Stock Unit Award Agreement pursuant to the AxoGen, Inc. 2010 Stock Incentive Plan, as amended and restated as of April 5, 2017 (incorporated by reference to Exhibit 10.23 of the Registrant&#x2019;s Annual Report on Form 10-K, filed on March 1, 2017)</a></font>.</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:15.00%;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">99.1</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:02.00%;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:83.00%;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<a href="ex-99d1.htm"><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">AxoGen, Inc. Press Release, dated January 22, 2019.</font></a></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:15.00%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:02.00%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:83.00%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">*&nbsp;&nbsp;Management contract or compensatory plan or arrangement.</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 7pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:7pt;"></font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;font-family:Calibri;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;font-family:Calibri;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">EXHIBIT INDEX</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;">
			<tr>
				<td valign="bottom" style="border-bottom:1pt none #D9D9D9 ;width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">P</font></p>
				</td>
				<td valign="bottom" style="border-bottom:1pt none #D9D9D9 ;width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-bottom:1pt none #D9D9D9 ;width:82.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:15.00%;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Exhibit&nbsp;No.</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:02.62%;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:82.38%;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Description</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:15.00%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">10.1*</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:02.62%;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:82.38%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<a href="ex-10d1.htm"><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Executive Employment Agreement dated as of January 21, 2019, by and between AxoGen Corporation and Eric Sandberg.</font></a></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:15.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">10.2*</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:02.62%;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:82.38%;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<a href="ex-10d2.htm"><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Form of Non-Qualified Stock Option Inducement Award Agreement to be granted by AxoGen, Inc. to Eric Sandberg on January 22, 2019.</font></a></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:15.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">10.3*</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:02.62%;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:82.38%;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<a href="http://www.sec.gov/Archives/edgar/data/805928/000155837017001241/axgn-20161231ex1023b18e9.htm"><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Form of Performance Stock Unit Award Agreement pursuant to the AxoGen, Inc. 2010 Stock Incentive Plan, as amended and restated as of April 5, 2017 (incorporated by reference to Exhibit 10.23 of the Registrant&#x2019;s Annual Report on Form 10-K, filed on March 1, 2017).</font></a></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:15.00%;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">99.1</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:02.62%;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:82.38%;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<a href="ex-99d1.htm"><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">AxoGen, Inc. Press Release, dated January 22, 2019.</font></a></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:15.00%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:02.62%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:82.38%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:82.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:82.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">*&nbsp;&nbsp;Management contract or compensatory plan or arrangement.</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;"></font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;font-family:Calibri;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;font-family:Calibri;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">SIGNATURE</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
			<tr>
				<td valign="bottom" style="width:49.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:47.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:49.98%;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:50.02%;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">AXOGEN, INC.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:49.98%;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:50.02%;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Date: January&nbsp;22,&nbsp;2019</font></p>
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					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">By: </font></p>
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					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">/s/ Gregory&nbsp;G.&nbsp;Freitag</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Gregory G.&nbsp;Freitag</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">General Counsel</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">&nbsp;</font></p>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex-10d1.htm
<DESCRIPTION>EX-10.1
<TEXT>
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			Exhibit 10-1
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		<p style="margin:0pt;text-align:right;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;font-family:Times New Roman,Times,serif;">Exhibit 10.1</font>

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</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p style="margin:0pt 90.5pt 0pt 83.65pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
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		<p style="margin:0pt 90.5pt 0pt 83.65pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;text-decoration:underline;">EXECUTIVE EMPLOYMENT AGREEMENT</font>
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		<p style="margin:0.25pt 0pt 0pt;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
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		<p style="margin:0pt 10.55pt 0pt 5.9pt;text-indent:0.05pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;text-decoration:none;">THIS EXECUTIVE EMPLOYMENT </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">AGREEMENT (the "Agreement"), effective as of January 21, 2019 is made by and between AXOGEN CORPORATION, a Delaware corporation ("AXOGEN" or "Employer"), and Eric Sandberg ("Employee") &nbsp;(collectively, the "Parties").</font>
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		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
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		<p style="margin:0.05pt 89.45pt 0pt 84.15pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;">RECITALS:</font>
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		<p style="margin:0.4pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:31pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 11.8pt 0pt 0pt;">
				<font style="margin:0pt 11.8pt 0pt 0pt;font-family:Arial,Helvetica,sans-serif;font-size:9.5pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 39.9pt 0pt 0pt;"> A.</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">WHEREAS, AXOGEN believes&nbsp;it is in its best interest to employ Employee, and Employee&nbsp;desires&nbsp;to&nbsp;be&nbsp;employed&nbsp;by&nbsp;AXOGEN;&nbsp;and</font></p></td></tr></table></div>
		<p style="margin:0.15pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:31pt;">
			<p style="line-height:100.83%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 11.15pt 0pt 0pt;">
				<font style="margin:0pt 11.15pt 0pt 0pt;font-family:Arial,Helvetica,sans-serif;font-size:9.5pt;line-height:100.83%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 33.4pt 0pt 0pt;"> B.</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">WHEREAS, AXOGEN and Employee desire to set forth the terms and conditions on which&nbsp;Employee&nbsp;shall&nbsp;be&nbsp;employed&nbsp;by&nbsp;and&nbsp;perform&nbsp;duties&nbsp;on&nbsp;behalf&nbsp;of&nbsp;AXOGEN.</font></p></td></tr></table></div>
		<p style="margin:0.15pt 0pt 0pt;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 10.95pt 0pt 5.85pt;line-height:98.75%;text-indent:31pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">NOW,&nbsp;THEREFORE,&nbsp;in&nbsp;consideration of&nbsp;the&nbsp;promises set&nbsp;forth&nbsp;in&nbsp;this&nbsp;Agreement,&nbsp;and&nbsp;for&nbsp;other good and valuable consideration, the receipt and adequacy of which is acknowledged by this Agreement,&nbsp;the&nbsp;Parties&nbsp;to&nbsp;this&nbsp;Agreement,&nbsp;intending&nbsp;to&nbsp;be&nbsp;legally&nbsp;bound,&nbsp;agree&nbsp;as&nbsp;follows:</font>
		</p>
		<p style="margin:0.15pt 0pt 0pt;border-top:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.7pt 0pt 0pt;">
				<font style="margin:0pt 10.7pt 0pt 0pt;font-family:Arial,Helvetica,sans-serif;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;;padding:0pt 31.5pt 0pt 0pt;"> 1.</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Employment.</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;"> AXOGEN hereby employs Employee, and Employee hereby accepts such employment, beginning 21, all upon the terms and conditions set forth in this Agreement, including&nbsp;those&nbsp;set&nbsp;forth&nbsp;in&nbsp;the&nbsp;attached&nbsp;Schedules&nbsp;and&nbsp;Exhibits.</font></p></td></tr></table></div>
		<p style="margin:0.25pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:5pt;"><p style="width:5pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:31pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.95pt 0pt 0pt;">
				<font style="margin:0pt 10.95pt 0pt 0pt;font-size:9.5pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;;;padding:0pt 17.5pt 0pt 0pt;"> (a)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Duties of Employee</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. The duties of Employee are set forth on Schedule 1 of this Agreement,&nbsp;which&nbsp;is&nbsp;attached&nbsp;hereto&nbsp;and&nbsp;incorporated&nbsp;herein&nbsp;by&nbsp;reference.</font></p></td></tr></table></div>
		<p style="margin:0.15pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:31pt;">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 9.3pt 0pt 0pt;">
				<font style="margin:0pt 9.3pt 0pt 0pt;font-size:9.5pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;;;padding:0pt 22.6pt 0pt 0pt;"> (b)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Compensation and Benefits</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">.&nbsp;The&nbsp;compensation&nbsp;and&nbsp;benefits&nbsp;to&nbsp;which&nbsp;Employee&nbsp;may&nbsp;be entitled pursuant to this Agreement are set forth on Schedule 2 of this Agreement, which is attached hereto&nbsp;and&nbsp;incorporated&nbsp;herein&nbsp;by&nbsp;reference.</font></p></td></tr></table></div>
		<p style="margin:0.15pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.8pt 0pt 0pt;">
				<font style="margin:0pt 10.8pt 0pt 0pt;font-family:Arial,Helvetica,sans-serif;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;;padding:0pt 30.15pt 0pt 0pt;"> 2.</font>
			<a name="_Hlk523236135"></a><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Confidentiality, Intellectual Property, Non-Competition and Non-Solicitation&nbsp;Agreement</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. Contemporaneously with the execution and delivery of this Agreement, Employee shall enter into a Confidentiality, Intellectual Property, Non-Competition and Non-Solicitation attached hereto as Exhibit "A" to this Agreement&nbsp;which&nbsp;shall&nbsp;be&nbsp;incorporated&nbsp;herein&nbsp;by&nbsp;reference.</font></p></td></tr></table></div>
		<p style="margin:0.35pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:5pt;"><p style="width:5pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt;">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0.05pt 0pt 0pt;">
				<font style="margin:0.05pt 0pt 0pt;font-family:Arial,Helvetica,sans-serif;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> 3.</font>
			</p>
		</td><td style="width:9pt;"><p style="width:9pt;width:9pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0.05pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Termination</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">.</font></p></td></tr></table></div>
		<p style="margin:0.25pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:6pt;"><p style="width:6pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:31pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:3.8pt 10pt 0pt 0pt;">
				<font style="margin:3.8pt 10pt 0pt 0pt;font-size:9.5pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;;;padding:0pt 17.5pt 0pt 0pt;"> (a)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">At-will</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. Either AXOGEN or Employee may terminate this Agreement at any time during the course of Employee's employment and for any reason, upon giving written notice to the other party. Employer shall have no further liability or obligation to Employee other than to pay for services rendered&nbsp;through&nbsp;Employee's&nbsp;last&nbsp;date&nbsp;of&nbsp;employment.&nbsp;If&nbsp;Employee&nbsp;elects&nbsp;to&nbsp;terminate&nbsp;this&nbsp;Agreement and provides Employer with any notice period prior to the date of termination, Employer may elect to terminate this Agreement immediately thereon and incur no further obligation to Employee other than for wages worked through the date of termination of this Agreement. It is the intention of the Parties that at all times this shall be an at-will employment relationship during the course of Employee's employment with Employer. Nothing&nbsp;contained in this Agreement shall be deemed or construed to create a contractual relationship between the Parties for a specific duration of time.</font></p></td></tr></table></div>
		<p style="margin:0.25pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:31pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0.05pt 14.3pt 0pt 0pt;">
				<font style="margin:0.05pt 14.3pt 0pt 0pt;font-size:9.5pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;;;padding:0pt 23.5pt 0pt 0pt;"> (b)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Death</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">.&nbsp;In&nbsp;the&nbsp;event&nbsp;of&nbsp;the&nbsp;death&nbsp;of&nbsp;the&nbsp;Employee,&nbsp;this&nbsp;Agreement shall&nbsp;terminate&nbsp;on&nbsp;the date of Employee's death, without any liability to or upon the Employer other than to pay for services rendered&nbsp;prior&nbsp;to&nbsp;the&nbsp;date&nbsp;of&nbsp;the&nbsp;Employee's death.</font></p></td></tr></table></div>
		<p style="margin:0.1pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:31pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 14.3pt 0pt 0pt;">
				<font style="margin:0pt 14.3pt 0pt 0pt;font-size:9.5pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;;;padding:0pt 24.5pt 0pt 0pt;"> (c)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Permanent&nbsp;Disability</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">.&nbsp;For&nbsp;purposes&nbsp;of&nbsp;this&nbsp;Agreement,&nbsp;the&nbsp;term&nbsp;"Permanent&nbsp;Disability" shall mean a physical or mental incapacity of Employee, which renders Employee unable to perform Employee's duties pursuant to this Agreement, and which shall continue for ninety (90) consecutive days or one hundred and eighty (180) days during any twelve-month period. If AXOGEN or Employee terminates Employee's employment by reason of Permanent Disability of Employee, this Agreement shall&nbsp;terminate&nbsp;immediately&nbsp;upon&nbsp;written&nbsp;notice&nbsp;by&nbsp;AXOGEN&nbsp;to&nbsp;Employee,&nbsp;or&nbsp;the&nbsp;date&nbsp;Employee&nbsp;gives notice&nbsp;to&nbsp;terminate employment&nbsp;to&nbsp;AXOGEN,&nbsp;without&nbsp;any&nbsp;liability&nbsp;to&nbsp;or&nbsp;upon&nbsp;the&nbsp;Employer other&nbsp;than&nbsp;to pay&nbsp;for&nbsp;services&nbsp;rendered&nbsp;through&nbsp;the&nbsp;termination&nbsp;date.</font></p></td></tr></table></div>
		<p style="margin:0.3pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:5pt;"><p style="width:5pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt;">
			<p style="border-bottom:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Arial,Helvetica,sans-serif;border-bottom:1pt none #D9D9D9;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> 4.</font>
			</p>
		</td><td style="width:9pt;"><p style="width:9pt;width:9pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-bottom:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Change in&nbsp;Control</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:31pt;">
			<p style="line-height:100.83%;border-top:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:9.75pt 14.25pt 0pt 0pt;">
				<font style="margin:9.75pt 14.25pt 0pt 0pt;font-size:9.5pt;line-height:100.83%;border-top:1pt none #D9D9D9;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;;;padding:0pt 27.7pt 0pt 0pt;"> (a)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Definition</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. For the purposes of this Agreement, a "Change in Control" shall mean the occurrence&nbsp;of&nbsp;any&nbsp;of&nbsp;the&nbsp;following&nbsp;events:</font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0.15pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:67pt;"><p style="width:67pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 00.00pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 8.95pt 0pt 0pt;">
				<font style="margin:0pt 8.95pt 0pt 0pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size:10pt;;"> (i)</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 8.95pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">any "person" (as that term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended ("Exchange Act")), who holds less than twenty percent (20%) of the combined voting power of the securities of AXOGEN or its parent company&nbsp;AxoGen, Inc. ("INC."), becomes the "beneficial owner'' (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of AXOGEN or INC. representing fifty percent (50%) or more of the combined voting power of the securities of either AXOGEN or INC. then outstanding; or</font></p></td></tr></table></div>
		<p style="margin:0.4pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:67pt;"><p style="width:67pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 8.25pt 0pt 0pt;">
				<font style="margin:0pt 8.25pt 0pt 0pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size:10pt;;;padding:0pt 20.5pt 0pt 0pt;"> (ii)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">during any period of twenty-four (24) consecutive months, individuals, who, at the beginning of such period constitute all members of the Board of Directors of INC. (the "Board") and cease, for any reason, to constitute at least a majority of the Board, unless the election of each director who was not a director at the beginning of the period was either nominated for election by, or approved by a vote of, at least two-thirds of the directors&nbsp;then&nbsp;still&nbsp;in&nbsp;office&nbsp;who&nbsp;were&nbsp;directors&nbsp;at&nbsp;the&nbsp;beginning&nbsp;of&nbsp;the&nbsp;period;&nbsp;or</font></p></td></tr></table></div>
		<p style="margin:0.25pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:67pt;"><p style="width:67pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 5.6pt 0pt 0pt;">
				<font style="margin:0pt 5.6pt 0pt 0pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size:10pt;;;padding:0pt 18.3pt 0pt 0pt;"> (iii)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">AXOGEN or INC. consolidates or merges with another company, and AXOGEN or INC. is not the continuing or surviving corporation, provided, however, that any consolidation or merger whereby INC. continues as the majority holder of AXOGEN securities or a merger or consolidation of AXOGEN and INC. will not constitute a Change in Control; or</font></p></td></tr></table></div>
		<p style="margin:0.25pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:67pt;"><p style="width:67pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 8.7pt 0pt 0pt;">
				<font style="margin:0pt 8.7pt 0pt 0pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size:10pt;;;padding:0pt 18pt 0pt 0pt;"> (iv)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">shares&nbsp;of&nbsp;AXOGEN's&nbsp;or&nbsp;INC.'s&nbsp;common&nbsp;stock&nbsp;are&nbsp;converted&nbsp;into&nbsp;cash,&nbsp;securities, or other property, other than by a merger of AXOGEN or INC., pursuant to Section 5(a)(iii), in which the holders of AXOGEN's or INC.'s common stock immediately prior to the merger have the same proportionate ownership of common stock of the surviving corporation&nbsp;as&nbsp;immediately&nbsp;after&nbsp;the&nbsp;merger;&nbsp;or</font></p></td></tr></table></div>
		<p style="margin:0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="line-height:103.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:4.15pt 5.45pt 0pt 0pt;">
				<font style="margin:4.15pt 5.45pt 0pt 0pt;line-height:103.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size:10pt;;;padding:0pt 100.85pt 0pt 0pt;"> (v)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">AXOGEN or INC. sells, leases, exchanges, or otherwise transfers all, or substantially all, of its assets (in one transaction or in a series of related transactions), provided, however, that any such transaction related to AXOGEN whereby INC. continues as the majority holder of AXOGEN securities or INC. is the sole other party to the transaction, will not constitute a Change in Control;&nbsp;or</font></p></td></tr></table></div>
		<p style="margin:0.3pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="line-height:106.67%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0.05pt 5.8pt 0pt 0pt;">
				<font style="margin:0.05pt 5.8pt 0pt 0pt;line-height:106.67%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size:10pt;;;padding:0pt 91.75pt 0pt 0pt;"> (vi)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">the holders of AXOGEN's or INC.'s stock approve a plan or proposal for the liquidation or dissolution of AXOGEN or INC.</font></p></td></tr></table></div>
		<p style="margin:0.5pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:35pt;"><p style="width:35pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 23.00pt;">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:4.7pt 0pt 0pt;">
				<font style="margin:4.7pt 0pt 0pt;font-size:9.5pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;;"> (b)</font>
			</p>
		</td><td style="width:6pt;"><p style="width:6pt;width:6pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:4.7pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Severance</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">.</font></p></td></tr></table></div>
		<p style="margin:0.15pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="line-height:105%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 5.2pt 0pt 0pt;">
				<font style="margin:0pt 5.2pt 0pt 0pt;line-height:105%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size:10pt;;;padding:0pt 85.65pt 0pt 0pt;"> (i)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Termination in Connection with a Change of Control</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. &nbsp;In the event of Employee's termination of employment by AXOGEN without Substantial Cause (as defined below) upon or within one hundred and eighty (180) days following a Change in Control or by Employee for Good Reason (as defined below), Employee will be entitled to a severance payment consisting of:&nbsp;(A) twelve (12) months of Employee's base salary; and (B) an amount equal to any bonuses paid to Employee during the twelve (12) month period prior to Employee's termination of employment. For purposes of this Agreement, "Substantial Cause" means:</font></p></td></tr></table></div>
		<p style="margin:0pt 5.2pt 0pt 66pt;line-height:105%;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 5.9pt 0pt 65.95pt;line-height:105%;text-indent:33.05pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="font-family:Times New Roman,Times,serif;font-size:10pt;border-bottom-style:solid;border-bottom-width:1pt;height:100%;text-indent:0pt;">(A) the commission by Employee of any act of fraud, theft, or embezzlement; </font>
		</p>
		<p style="margin:0pt 5.9pt 0pt 65.95pt;line-height:105%;text-indent:33.05pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="font-family:Times New Roman,Times,serif;font-size:10pt;border-bottom-style:solid;border-bottom-width:1pt;height:100%;text-indent:0pt;">(B) any material breach by Employee of this Agreement, provided that AXOGEN shall have first delivered to Employee written notice of the alleged breach, specifying the exact nature of the breach in detail, and provided, further, that Employee shall have failed to cure or substantially mitigate such breach within ten (10) days after receiving such written notice; provided, however, that if such breach is not&nbsp;susceptible of cure or substantial mitigation within ten (10) days, Employee shall have a reasonable time&nbsp;thereafter to cure or substantially mitigate such breach; &nbsp;</font>
		</p>
		<p style="margin:0pt 5.9pt 0pt 65.95pt;line-height:105%;text-indent:33.05pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="font-family:Times New Roman,Times,serif;font-size:10pt;border-bottom-style:solid;border-bottom-width:1pt;height:100%;text-indent:0pt;">(C) a commission or conviction of any felony, or of any misdemeanor involving moral turpitude, or entry of a plea of guilty or nolo contendere to any felony or misdemeanor&nbsp;involving moral turpitude; &nbsp;</font>
		</p>
		<p style="margin:0pt 5.9pt 0pt 65.95pt;line-height:105%;text-indent:33.05pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="font-family:Times New Roman,Times,serif;font-size:10pt;border-bottom-style:solid;border-bottom-width:1pt;height:100%;text-indent:0pt;">(D) material failure to adhere to AXOGEN's or INC.'s corporate codes, policies or procedures which do not violate any applicable Federal, state or local law and have been adopted in good faith for a valid business purpose as in effect from time to time; or</font>
		</p>
		<p style="margin:0pt 5.9pt 0pt 65.95pt;line-height:105%;text-indent:33.05pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="font-family:Times New Roman,Times,serif;font-size:10pt;border-bottom-style:solid;border-bottom-width:1pt;height:100%;text-indent:0pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 5.9pt 0pt 65.95pt;line-height:105%;text-indent:33.05pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="font-family:Times New Roman,Times,serif;font-size:10pt;border-bottom-style:solid;border-bottom-width:1pt;height:100%;text-indent:0pt;">(E) failure to meet reasonable performance standards as established&nbsp;by AXOGEN or INC. </font>
		</p>
		<p style="margin:0pt 5.9pt 0pt 65.95pt;line-height:105%;text-indent:33.05pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;">2</font>

		</p>

		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt 5.9pt 0pt 65.95pt;line-height:105%;text-indent:33.05pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="font-family:Times New Roman,Times,serif;font-size:10pt;border-bottom-style:solid;border-bottom-width:1pt;height:100%;text-indent:0pt;">For purposes of this Agreement, "Good Reason" shall mean Employee's resignation from employment upon or within ninety (90) days following a Change of Control, if AXOGEN or INC. is not the surviving entity, provided&nbsp;that Substantial Cause for termination of Employee's employment does not exist at the time of such resignation and the resignation is the result of the occurrence of any one or more of the following:</font>
		</p>
		<p style="margin:0.35pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="line-height:105%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0.05pt 5pt 0pt 0pt;">
				<font style="margin:0.05pt 5pt 0pt 0pt;font-size:9.5pt;line-height:105%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;;;padding:0pt 117.4pt 0pt 0pt;"> a)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">the assignment to Employee of any duties inconsistent in any respect with his&nbsp;position (including status, offices, titles, and reporting requirements), authorities, duties, or other responsibilities as in effect immediately prior to the Change in Control of Employer or INC. or any other action of Employer or INC.&nbsp;which results in a diminishment in such position, authority, duties, or responsibilities, other than an insubstantial and inadvertent action which is remedied by Employer or INC. promptly after receipt of notice thereof given by Employee;</font></p></td></tr></table></div>
		<p style="margin:0.4pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:97pt;"><p style="width:97pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="line-height:103.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 5.9pt 0pt 0pt;">
				<font style="margin:0pt 5.9pt 0pt 0pt;font-size:9.5pt;line-height:103.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;;;padding:0pt 18.3pt 0pt 0pt;"> b)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">a reduction by AXOGEN in Employee's base salary as in effect on the date hereof and as the same shall be increased from time to time hereafter;</font></p></td></tr></table></div>
		<p style="margin:0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:99pt;"><p style="width:99pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:3.95pt 5.5pt 0pt 0pt;">
				<font style="margin:3.95pt 5.5pt 0pt 0pt;font-size:9.5pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;;;padding:0pt 19.25pt 0pt 0pt;"> c)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">the failure by AXOGEN to (i) continue in effect any material compensation or benefit plan, program, policy or practice in which Employee was participating at the time of the Change in Control of Employer or INC. or (ii) provide Employee with compensation and benefits at least equal (in terms of benefit levels and/or reward opportunities) to those provided for under each employee benefit plan, program, policy and practice as in effect immediately prior to the Change in Control of Employer or INC. (or as in effect following the Change in Control of Employer or INC., if greater).</font></p></td></tr></table></div>
		<p style="margin:0.25pt 0pt 0pt;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:66pt;"><p style="width:66pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
			<p style="border-top:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0.25pt 0pt 0pt;">
				<font style="margin:0.25pt 0pt 0pt;font-size:9.5pt;border-top:1pt none #D9D9D9;text-decoration:none;font-family:Arial,Helvetica,sans-serif;;"> d)</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0.25pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">Employee is required to perform a substantial portion of his duties at a facility which is more than 50 miles from the facility for which Employee performed a substantial portion of his duties immediately prior to the Change in Control.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 5.8pt;text-decoration:none;text-indent:31.2pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0.25pt 0pt 0pt 97pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:67pt;"><p style="width:67pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 5.45pt 0pt 0pt;">
				<font style="margin:0pt 5.45pt 0pt 0pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size:10pt;;;padding:0pt 37.15pt 0pt 0pt;"> (i)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Termination not in Connection with a Change of Contro</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">l. In the event of Employee's termination of employment by AXOGEN without Substantial Cause prior to a Change of Control, Employee shall be entitled to a severance payment consisting of: (A) twelve (12) months of Employee's base salary; and (B) an amount equal to any bonuses paid to Employee during the twelve (12) month period prior to Employee's termination of employment. Notwithstanding anything to the contrary contained in this Section 5(b)(ii), no severance payment will be owed to Employee if Employee is terminated by AXOGEN (with or without cause) within nine months of the first date of Employees employment with AXOGEN.</font></p></td></tr></table></div>
		<p style="margin:0.45pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 23.00pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0.05pt 8.75pt 0pt 0pt;">
				<font style="margin:0.05pt 8.75pt 0pt 0pt;font-size:9.5pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;;"> (c)</font>
			</p>
		</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0.05pt 8.75pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Payment of Severance</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. As a condition of receiving any severance under this section 5, Employee must sign (and not revoke) a reasonable, commercially standard separation, waiver and release agreement (to be prepared by Employer at the time of Employee&#x2019;s&nbsp;termination&nbsp;containing legal terms,&nbsp;but not negotiated terms related to settlement payments or other monetary provisions, consistent &nbsp;(&nbsp;consistent being defined as at least two other severance agreements for AxoGen officers entered into with 3 years of each other) with other severance&nbsp;agreements) of all claims (known and unknown) against Employer and INC. arising out of or relating to his employment with Employer or termination thereof, excluding claims for severance under this section 5, as well as any other terms and conditions required by Employer. Payment of any severance for Employee will be made in a lump sum on the first payroll date following the 60th day following the date of&nbsp;Employee's termination of employment. Notwithstanding the foregoing, if the Employee is a "specified employee" on Employee's termination date, the postponement provisions of Section 409A of the Internal Revenue Code of 1986, as amended (the "Code"), as described in Section 8(n) below, shall apply, if applicable.</font></p></td></tr></table></div>
		<p style="margin:0.5pt 0pt 0pt;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 10.55pt 0pt 5.8pt;line-height:98.75%;text-indent:31.1pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">So long as Employer or INC. is subject to federal COBRA and Employee timely elects continuation coverage under COBRA, Employer or INC. shall pay the premiums for the Employee and his covered dependent's COBRA (i) for the first twelve (12) months of the COBRA continuation period, or (ii) until such time as the Employee obtains new employment that provides reasonable and comparable health care coverage (including without limitation, coverage of dependents), whichever period is shorter. Employee has the duty to immediately notify the applicable entity, in writing, if the event in (ii) above occurs.</font>
		</p>
		<p style="margin:0.25pt 0pt 0pt;border-top:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:3.8pt 11.15pt 0pt 0pt;">
				<font style="margin:3.8pt 11.15pt 0pt 0pt;font-family:Arial,Helvetica,sans-serif;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> 5.</font>
			</p>
		</td><td style="width:24pt;"><p style="width:24pt;width:24pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:3.8pt 11.15pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Surrender of Records and all Employer and INC. Property</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. Upon the termination of Employee's employment for any </font></p></td></tr></table></div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;">3</font>

		</p>

		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top"><p style="margin:3.8pt 11.15pt 0pt 0pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;;"><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">reason, whether by AXOGEN or Employee, Employee agrees to return to AXOGEN and INC., in good condition&nbsp;reasonable wear and tear excepted, (i) any and all equipment belonging to AXOGEN or INC. including, without limitation, computers, cell phones, and personal digital assistants, and (ii) any and all data, computer files, customer lists and contact information, documents and other materials in Employee's possession, or removed by Employee from AXOGEN's or INC.'s premises, whether now in Employee's possession or not, which materials were obtained in connection with Employee's employment with AXOGEN, including any and all&nbsp;copies (whether complete or partial) and extracts thereof, and (iii) any and all other AXOGEN property or Confidential Information and materials as they are defined in Employee's Invention Assignment and Confidentiality Agreement, in the Employee's control or possession.</font></p></td></tr></table></div>
		<p style="margin:0.15pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:6pt;"><p style="width:6pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt;">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Arial,Helvetica,sans-serif;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> 6.</font>
			</p>
		</td><td style="width:9pt;"><p style="width:9pt;width:9pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Miscellaneous Provisions</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">.</font></p></td></tr></table></div>
		<p style="margin:0.1pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 23.00pt;">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.75pt 0pt 0pt;">
				<font style="margin:0pt 10.75pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;"> (a)</font>
			</p>
		</td><td style="width:8pt;"><p style="width:8pt;width:8pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.75pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Amendments to this Agreement only in Writing</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. The provisions of this Agreement and the attached Schedules and Exhibits shall only be amended, supplemented, or waived by a written agreement&nbsp;executed&nbsp;by&nbsp;both&nbsp;a&nbsp;duly&nbsp;authorized&nbsp;officer&nbsp;of&nbsp;AXOGEN&nbsp;and&nbsp;Employee.</font></p></td></tr></table></div>
		<p style="margin:0.25pt 0pt 0pt 67.5pt;text-indent: -31.5pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 23.00pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.5pt 0pt 0pt;">
				<font style="margin:0pt 10.5pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;"> (b)</font>
			</p>
		</td><td style="width:8pt;"><p style="width:8pt;width:8pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.5pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Assignments</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. Employee shall not assign Employee's rights and/or obligations pursuant to this Agreement or the attached Schedules and Exhibits. AXOGEN may assign its rights and/or obligations pursuant to this Agreement and the attached Schedules and Exhibits at any time without prior notice to Employee. In the event of a Change of Control in which AXOGEN or INC. is not the surviving&nbsp;entity,&nbsp;any&nbsp;reference&nbsp;to&nbsp;AXOGEN&nbsp;or&nbsp;INC.&nbsp;shall&nbsp;be&nbsp;deemed&nbsp;to&nbsp;refer&nbsp;to&nbsp;the&nbsp;surviving&nbsp;entity.</font></p></td></tr></table></div>
		<p style="margin:0.25pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 23.00pt;">
			<p style="line-height:98.75%;border-bottom:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.55pt 0pt 0pt;">
				<font style="margin:0pt 10.55pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;line-height:98.75%;border-bottom:1pt none #D9D9D9;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;"> (c)</font>
			</p>
		</td><td style="width:8pt;"><p style="width:8pt;width:8pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;border-bottom:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.55pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Binding Effect</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. All of the terms and provisions of this Agreement and the attached Schedules and&nbsp;Exhibits,&nbsp;whether&nbsp;so&nbsp;expressed&nbsp;or&nbsp;not,&nbsp;shall&nbsp;be&nbsp;binding&nbsp;upon,&nbsp;inure&nbsp;to&nbsp;the&nbsp;benefit&nbsp;of,&nbsp;and be enforceable by the Parties and their respective administrators, executors, legal representatives, heirs,&nbsp;successors&nbsp;and&nbsp;permitted&nbsp;assigns.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 5.8pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-indent:31.2pt;text-align:justify;text-justify:inter-ideograph;text-decoration:underline;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 23.00pt;">
			<p style="line-height:98.75%;border-top:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.55pt 0pt 0pt;">
				<font style="margin:0pt 10.55pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;line-height:98.75%;border-top:1pt none #D9D9D9;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;"> (d)</font>
			</p>
		</td><td style="width:8pt;"><p style="width:8pt;width:8pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;border-top:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.55pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">The Provisions of this Agreement are Severable</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">.&nbsp;If&nbsp;any&nbsp;part&nbsp;of&nbsp;this&nbsp;Agreement,&nbsp;or&nbsp;any&nbsp;of the Schedules or Exhibits entered into pursuant to this Agreement, is contrary to, prohibited by, or deemed invalid under any applicable law or regulation, such provision shall be inapplicable and deemed omitted to the extent so contrary, prohibited or invalid, but the remainder of this Agreement and&nbsp;its&nbsp;Schedules&nbsp;and&nbsp;Exhibits shall&nbsp;not&nbsp;be&nbsp;so&nbsp;invalidated,&nbsp;and&nbsp;shall&nbsp;be&nbsp;given&nbsp;full&nbsp;force&nbsp;and&nbsp;effect&nbsp;so&nbsp;far as&nbsp;possible.</font></p></td></tr></table></div>
		<p style="margin:0.5pt 0pt 0pt 67.5pt;text-indent: -29.5pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:38pt;"><p style="width:38pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 23.00pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.5pt 0pt 0pt;">
				<font style="margin:0pt 10.5pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;"> (e)</font>
			</p>
		</td><td style="width:6pt;"><p style="width:6pt;width:6pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.5pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Survival</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. Notwithstanding anything to the contrary in this Agreement, the provisions of Sections 1 through 6 shall survive and remain in effect beyond the execution and delivery of this Agreement&nbsp;in&nbsp;accordance&nbsp;with&nbsp;their&nbsp;respective&nbsp;terms&nbsp;of&nbsp;duration.</font></p></td></tr></table></div>
		<p style="margin:0.25pt 0pt 0pt 67.5pt;text-indent: -29.5pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:38pt;"><p style="width:38pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 23.00pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.55pt 0pt 0pt;">
				<font style="margin:0pt 10.55pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;"> (f)</font>
			</p>
		</td><td style="width:6pt;"><p style="width:6pt;width:6pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.55pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Waivers</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. The failure or delay of AXOGEN at any time to require performance by Employee of any provision of this Agreement or the attached Schedules and Exhibits, even if known, shall not affect the right of AXOGEN to require performance of that provision or to exercise any right, power or remedy pursuant to this Agreement or the attached Schedules and Exhibits. Any waiver by AXOGEN of any breach of any provision of this Agreement or the attached Schedules and Exhibits shall not be construed as a waiver of any continuing or succeeding breach of such provision, a waiver of the provision itself, or a waiver of any right, power or remedy pursuant to this Agreement or the attached&nbsp;Schedules&nbsp;and&nbsp;Exhibits.</font></p></td></tr></table></div>
		<p style="margin:0.25pt 0pt 0pt 67.5pt;text-indent: -29.5pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:38pt;"><p style="width:38pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 23.00pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.65pt 0pt 0pt;">
				<font style="margin:0pt 10.65pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;"> (g)</font>
			</p>
		</td><td style="width:6pt;"><p style="width:6pt;width:6pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.65pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Notices</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. All notices, requests, consents and other communications required or permitted under this Agreement shall be in writing and shall be (i) hand-delivered by messenger or courier service; (ii) sent by an overnight-mail service (e.g. FedX or UPS); or (iii) mailed (airmail, if international)&nbsp;by&nbsp;registered&nbsp;or&nbsp;certified&nbsp;mail&nbsp;(postage&nbsp;prepaid),&nbsp;return&nbsp;receipt&nbsp;requested,&nbsp;and&nbsp;addressed to:</font></p></td></tr></table></div>
		<p style="margin:0.15pt 0pt 0pt;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 67.5pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 67.5pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 67.5pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 67.5pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 67.5pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 67.5pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 67.5pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:underline;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">If to Employee:</font>
		</p>
		<p style="margin:0.35pt 0pt 0pt 67.5pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0.05pt 0pt 0pt 67.5pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">Employee's most current address on file with AXOGEN.</font>
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;">4</font>

		</p>

		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0.05pt 0pt 0pt 67.5pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0.05pt 0pt 0pt 67.5pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:127pt;"><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">If to AXOGEN:</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left">With a copy to: AXOGEN Corporation</font></font>
		</p>
		<p style="margin:0.05pt 0pt 0pt 67.5pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:99pt;"><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">AXOGEN Corporation</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left">13631 Progress Blvd., Ste. 400</font></font>
		</p>
		<p style="margin:0.05pt 0pt 0pt 67.5pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">13631 Progress Blvd., Ste. 400<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;;font-size: 10pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;;font-size: 10pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font> &nbsp;Alachua, FL 32615</font>
		</p>
		<p style="margin:0.05pt 0pt 0pt 31.5pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">Alachua, FL 32615 Attn: CEO<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;;font-size: 10pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt -45pt 0pt 0pt;"></font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;;font-size: 10pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt -45pt 0pt 0pt;"></font> &nbsp;Attn: Human Resources</font>
		</p>
		<p style="margin:4.7pt 10.7pt 0pt 67.5pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">or to such other address as any party may designate by written notice complying with the terms of this section. Each such notice shall be deemed delivered (a) on the date delivered, if by personal delivery, or (b) on the date upon which the return receipt is signed, delivery is refused, or the notice is designated by the postal authorities as not deliverable, as the case may be, if mailed.</font>
		</p>
		<p style="margin:0.15pt 0pt 0pt 67.5pt;text-indent: -27pt;border-top:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:40pt;"><p style="width:40pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 23.00pt;">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.75pt 0pt 0pt;">
				<font style="margin:0pt 10.75pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;"> (h)</font>
			</p>
		</td><td style="width:4pt;"><p style="width:4pt;width:4pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.75pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Governing Law</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. This Agreement and the attached Schedules and Exhibits and all transactions&nbsp;contemplated&nbsp;by&nbsp;this&nbsp;Agreement&nbsp;or&nbsp;the&nbsp;attached&nbsp;Schedules&nbsp;and&nbsp;Exhibits&nbsp;shall&nbsp;be&nbsp;governed by, and construed and enforced in accordance with, the internal laws of the State of Florida, without regard&nbsp;to&nbsp;principles&nbsp;of&nbsp;conflicts&nbsp;of&nbsp;laws.</font></p></td></tr></table></div>
		<p style="margin:0.25pt 0pt 0pt 67.5pt;text-indent: -27pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:40pt;"><p style="width:40pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 23.00pt;">
			<p style="line-height:98.75%;border-bottom:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.4pt 0pt 0pt;">
				<font style="margin:0pt 10.4pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;line-height:98.75%;border-bottom:1pt none #D9D9D9;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;"> (i)</font>
			</p>
		</td><td style="width:4pt;"><p style="width:4pt;width:4pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;border-bottom:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.4pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Jurisdiction and Venue</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. The Parties acknowledge that a substantial portion of negotiations, anticipated performance and execution of this Agreement and the attached Schedules and Exhibits occurred, or shall occur, in Alachua County, Florida, and the Parties irrevocably and unconditionally (a) agree that any suit, action or legal proceeding arising out of, or relating to, this Agreement or the attached Schedules and Exhibits shall be brought in the courts of record of the State of Florida in Alachua County, or the United States District Court, Northern District of Florida, Gainesville Division; (b) consent to the jurisdiction of each such court in any such suit, action or proceeding; (c) waive any objection which they may have to the laying of venue of any such suit, action or proceeding in any of such courts; and (d) agree that service of any court paper may be effected on such party by mail, as provided in this Agreement, or in such other manner as may be provided under applicable laws or court rules in said state.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 5.8pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;text-indent:31.2pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:40pt;"><p style="width:40pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 23.00pt;">
			<p style="line-height:98.75%;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.4pt 0pt 0pt;">
				<font style="margin:0pt 10.4pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;line-height:98.75%;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;"> (j)</font>
			</p>
		</td><td style="width:4pt;"><p style="width:4pt;width:4pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.4pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Remedies Available to Either Party Cumulative</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. No remedy conferred upon any party pursuant to this Agreement (or the attached Schedules and Exhibits) is intended to be exclusive of any other remedy, and each and every such remedy shall be cumulative and shall be in addition to every other remedy given pursuant to this Agreement (or the attached Schedules and Exhibits) now or hereafter existing at law or in equity or by statute or otherwise. No single or partial exercise by any party of any right, power or remedy pursuant to this Agreement (or the attached Schedules and Exhibits) shall preclude any other or further exercise of such right, power or remedy.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 5.8pt;border-top:1pt none #D9D9D9 ;text-decoration:none;text-indent:31.2pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:40pt;"><p style="width:40pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 23.00pt;">
			<p style="line-height:98.75%;text-align:justify;text-justify:inter-ideograph;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.5pt 0pt 0pt;">
				<font style="margin:0pt 10.5pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;line-height:98.75%;text-align:justify;text-justify:inter-ideograph;text-decoration:none;;"> (k)</font>
			</p>
		</td><td style="width:4pt;"><p style="width:4pt;width:4pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;text-align:justify;text-justify:inter-ideograph;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.5pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Entire Agreement</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">.&nbsp;&nbsp;This Agreement and the attached Schedules and Exhibits represents the entire understanding and agreement between the Parties with respect to the subject matter contained herein and supersedes all other negotiations, understandings and representations (if any) made by and between the Parties.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 5.8pt;text-indent:31.2pt;text-align:justify;text-justify:inter-ideograph;text-decoration:underline;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:40pt;"><p style="width:40pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 23.00pt;">
			<p style="line-height:98.75%;text-align:justify;text-justify:inter-ideograph;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.5pt 0pt 0pt;">
				<font style="margin:0pt 10.5pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;line-height:98.75%;text-align:justify;text-justify:inter-ideograph;text-decoration:none;;"> (l)</font>
			</p>
		</td><td style="width:4pt;"><p style="width:4pt;width:4pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;text-align:justify;text-justify:inter-ideograph;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.5pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Section&nbsp;and&nbsp;Paragraph&nbsp;Headings</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">.&nbsp;Section and paragraph headings used throughout this Agreement and the attached Schedules and Exhibits are for convenience of reference only and in no way define, limit or describe the scope or intent of this Agreement or the attached Schedules and Exhibits.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 5.8pt;text-indent:31.2pt;text-align:justify;text-justify:inter-ideograph;text-decoration:underline;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:40pt;"><p style="width:40pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 23.00pt;">
			<p style="line-height:98.75%;text-align:justify;text-justify:inter-ideograph;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.5pt 0pt 0pt;">
				<font style="margin:0pt 10.5pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;line-height:98.75%;text-align:justify;text-justify:inter-ideograph;text-decoration:none;;"> (m)</font>
			</p>
		</td><td style="width:4pt;"><p style="width:4pt;width:4pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;text-align:justify;text-justify:inter-ideograph;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.5pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Preparation of Agreement</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. This Agreement shall not be construed more strongly against any party regardless of who is responsible for its preparation. The Parties acknowledge that each party contributed to its negotiations and is equally responsible for its preparation.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 5.8pt;text-indent:31.2pt;text-align:justify;text-justify:inter-ideograph;text-decoration:underline;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:40pt;"><p style="width:40pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 23.00pt;">
			<p style="line-height:98.75%;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.5pt 0pt 0pt;">
				<font style="margin:0pt 10.5pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;line-height:98.75%;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9;text-decoration:none;;"> (n)</font>
			</p>
		</td><td style="width:4pt;"><p style="width:4pt;width:4pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.5pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Section 409A of the Code</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. Notwithstanding any provision of this Agreement to the contrary, this Agreement is intended to meet the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the "Code") to the extent applicable, the Parties intend to administer this Agreement in a manner that is consistent with those requirements or an exception thereto, and this Agreement shall be construed and interpreted in accordance with such intent. Any payments that are considered deferred compensation under Section 409A of the Code and that are paid to a "specified employee" (as defined in Section 409A of the Code) upon separation from service shall be subject to a six (6) month delay, if required by Section 409A of the Code. If required by Section 409A of the Code, any amounts otherwise payable during the six (6) month period that commences on and follows the Employee's termination date shall be paid in one lump sum amount on the first payroll date following the six (6) month period following the Employee date of termination (or within thirty (30) days of the Employee's death, if earlier). For </font></p></td></tr></table></div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;">5</font>

		</p>

		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top"><p style="margin:0pt 10.5pt 0pt 67pt;line-height:98.75%;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;;"><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">purposes of Section 409A of the Code, all payments to be made upon a termination of employment under this Agreement may only be made upon a "separation from service" (within the meaning of such term under Section 409A of the Code). Each payment made under this Agreement shall be treated as a separate payment. In no event shall the Employee, directly or indirectly, designate the calendar year of a payment. All reimbursements under this Agreement shall be provided in a manner that complies with Section 409A of the Code, if applicable. If required by regulations or other guidance issued under Section 409A of the Code or a court of competent jurisdiction, the provisions regarding payments hereunder shall be amended to provide for such payments to be made at the time allowed under such regulations, guidance or authority that most closely achieves the intent of this Agreement.</font></p></td></tr></table></div>
		<p style="margin:0.15pt 0pt 0pt 67.5pt;text-indent: -27pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 11.25pt 0pt 67.5pt;text-indent: -27pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:24.65pt;"><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">(o)</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Liability Insurance</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. AXOGEN shall cover, at its sole cost and expense, the Employee under directors&nbsp;and&nbsp;officers&nbsp;liability insurance both during the term of this Agreement and for the one year period following the termination of this Agreement, in the same amount and to the same extent as AXOGEN covers its officers&nbsp;and&nbsp;directors.</font></font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:7.75pt 89.4pt 0pt 84.15pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:italic;font-size:10pt;">[Signature Page Follows]</font>
		</p>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0.1pt 0pt 0pt;border-top:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			&nbsp;
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;">6</font>

		</p>

		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:3.65pt 0pt 0pt 35.05pt;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">EMPLOYEE AND AXOGEN have executed this Agreement as of the 21th day of January 2019.</font>
		</p>
		<p style="margin:0.15pt 0pt 0pt;border-top:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
			<tr>
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
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				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:207.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;">AXOGEN CORPORATION</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:292.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
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					<p style="margin:0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
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					<p style="margin:0.3pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
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					<p style="margin:0.3pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
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					<p style="margin:0.05pt 0pt 0pt;line-height:98.75%;text-decoration:underline;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
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				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:207.00pt;border-bottom:1pt solid #000000 ;padding:0pt 6.5pt">
					<p style="margin:0.05pt 0pt 0pt;line-height:98.75%;width: 90.00%;border-bottom:1pt none #D9D9D9 ;text-decoration:underline;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">/s/ Karen Zaderej</font></p>
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					<p style="margin:0.05pt 0pt 0pt;line-height:98.75%;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:207.00pt;border-top:1pt solid #000000 ;padding:0pt 6.5pt">
					<p style="margin:0.05pt 0pt 0pt;line-height:98.75%;width: 90.00%;border-bottom:1pt none #D9D9D9 ;text-decoration:underline;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Name: Karen Zaderej&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:292.50pt;padding:0pt 6.5pt">
					<p style="margin:0.05pt 0pt 0pt;line-height:98.75%;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:207.00pt;padding:0pt 6.5pt">
					<p style="margin:0.05pt 0pt 0pt;line-height:98.75%;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">Title: Chairman, CEO and President</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:292.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:207.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:292.50pt;padding:0pt 6.5pt">
					<p style="margin:0.35pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:207.00pt;padding:0pt 6.5pt">
					<p style="margin:0.35pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:292.50pt;padding:0pt 6.5pt">
					<p style="margin:0.05pt 0pt 0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:207.00pt;padding:0pt 6.5pt">
					<p style="margin:0.05pt 0pt 0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;">EMPLOYEE:</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:292.50pt;padding:0pt 6.5pt">
					<p style="margin:0.35pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:207.00pt;padding:0pt 6.5pt">
					<p style="margin:0.35pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:292.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:207.00pt;border-bottom:1pt solid #000000 ;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">/s/ Eric Sandberg</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:292.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:207.00pt;border-top:1pt solid #000000 ;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Eric Sandberg</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			&nbsp;
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;">7</font>

		</p>

		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:4.15pt 89.5pt 0pt 84.15pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;text-decoration:underline;">SCHEDULE AND EXHIBIT LIST</font>
		</p>
		<p style="margin:0.2pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:4.7pt 269.75pt 0pt 5.95pt;line-height:208.75%;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Schedule 1 Duties of Employee </font>
		</p>
		<p style="margin:4.7pt 269.75pt 0pt 5.95pt;line-height:208.75%;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Schedule 2&nbsp;Compensation and Benefits</font>
		</p>
		<p style="margin:0.5pt 162.65pt 0pt 5.9pt;line-height:101.67%;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Exhibit A - CONFIDENTIALITY, INTELLECTUAL PROPERTY,</font>
		</p>
		<p style="margin:0.5pt 162.65pt 0pt 5.9pt;line-height:101.67%;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">NON-COMPETITION AND NON-SOLICITATION AGREEMENT</font>
		</p>
		<p style="margin:0.5pt 162.65pt 0pt 5.9pt;line-height:101.67%;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;">S-1</font>

		</p>

		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			&nbsp;</p>

</div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">

<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
		</p>
		<p style="margin:4.15pt 162.65pt 0pt 167.7pt;line-height:103.75%;text-indent:23.1pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;">SCHEDULE 1</font>
		</p>
		<p style="margin:4.15pt 162.65pt 0pt 167.7pt;line-height:103.75%;text-indent:23.1pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;">DUTIES OF EMPLOYEE</font>
		</p>
		<p style="margin:0.45pt 0pt 0pt;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 5.9pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">The duties of Employee with AXOGEN CORPORATION ("AXOGEN" or "Employer") are as follows:</font>
		</p>
		<p style="margin:0.3pt 0pt 0pt;border-top:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:5pt;"><p style="width:5pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt;">
			<p style="line-height:100.83%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.6pt 0pt 0pt;">
				<font style="margin:0pt 10.6pt 0pt 0pt;font-family:Arial,Helvetica,sans-serif;font-size:9.5pt;line-height:100.83%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;"> 1.</font>
			</p>
		</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:100.83%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.6pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Employee's Title</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">: AXOGEN hereby employs Employee as Chief Commercial Officer, which title&nbsp;may&nbsp;change&nbsp;at&nbsp;AXOGEN's&nbsp;discretion.</font></p></td></tr></table></div>
		<p style="margin:0.15pt 0pt 0pt 36pt;text-indent: -30.15pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:5pt;"><p style="width:5pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 11.6pt 0pt 0pt;">
				<font style="margin:0pt 11.6pt 0pt 0pt;font-family:Arial,Helvetica,sans-serif;font-size:9.5pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;"> 2.</font>
			</p>
		</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 11.6pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Employee's Duties</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">: During employment with AXOGEN, Employee's duties will include, without limitation,&nbsp;the&nbsp;following:</font></p></td></tr></table></div>
		<p style="margin:0.25pt 0pt 0pt 81pt;text-indent: -31.5pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 13.00pt;">
			<p style="line-height:98.75%;text-align:left;text-decoration:none;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 11.85pt 0pt 0pt;">
				<font style="margin:0pt 11.85pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;line-height:98.75%;text-align:left;text-decoration:none;text-justify:inter-ideograph;;"> (a)</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;text-align:left;text-decoration:none;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 11.85pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Description of Duties</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. Employee shall perform all duties in connection with Employee's position, or as otherwise designated by AXOGEN, including, without limitation, the following duties:</font></p></td></tr></table></div>
		<p style="margin:0pt 10.5pt 0pt 81pt;line-height:95.83%;text-indent: -31.5pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 10.5pt 0pt 49.5pt;line-height:95.83%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">Provide both operational and programmatic support to AXOGEN and INC. Supervise the global marketing and sales functions, lead the brand strategy and execution, lead the identification of and support the development of new products, lead the strategic plan for commercialization, prioritization and development of existing and new markets, lead the sales execution thru both direct and independent sales team globally to achieve or exceed quota and provide support and input into investor relations. As a member of the senior management team, be involved in strategic planning, evaluation, and professional development initiatives.</font>
		</p>
		<p style="margin:0pt 10.5pt 0pt 81pt;line-height:95.83%;text-indent: -31.5pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:49pt;"><p style="width:49pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 13.00pt;">
			<p style="line-height:98.75%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.5pt 0pt 0pt;">
				<font style="margin:0pt 10.5pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;line-height:98.75%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;text-decoration:none;;"> (b)</font>
			</p>
		</td><td style="width:9pt;"><p style="width:9pt;width:9pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.5pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">Report to AXOGEN Designated Manager. &nbsp;&nbsp;Employee shall report to the CEO of AXOGEN.</font></p></td></tr></table></div>
		<p style="margin:0.05pt 0pt 0pt 81pt;text-indent: -31.5pt;border-top:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:49pt;"><p style="width:49pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 13.00pt;">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:4.7pt 0pt 0pt;">
				<font style="margin:4.7pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;"> (c)</font>
			</p>
		</td><td style="width:18pt;"><p style="width:18pt;width:18pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:4.7pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">No&nbsp;Other&nbsp;Business&nbsp;Activities</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">.</font></p></td></tr></table></div>
		<p style="margin:0.25pt 0pt 0pt 81pt;text-indent: -31.5pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:81pt;"><p style="width:81pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.5pt 0pt 0pt;">
				<font style="margin:0pt 10.5pt 0pt 0pt;font-family:Arial,Helvetica,sans-serif;font-size:9.5pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 9.45pt 0pt 0pt;"> (i)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">Employee shall devote Employee's entire professional time, energy and skill to the performance of Employee's duties pursuant to the Agreement, the service of AXOGEN, and promotion of AXOGEN's interests. The Parties agree that Employee may not during Employee's employment, except as permitted in writing by AXOGEN, be engaged in any other business activity, whether or not such activity is pursued for gain, profit, or other pecuniary advantage including, without limitation,&nbsp;management&nbsp;or&nbsp;management&nbsp;consulting&nbsp;activities.</font></p></td></tr></table></div>
		<p style="margin:0.25pt 0pt 0pt 81pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt;">
			<p style="line-height:98.75%;border-bottom:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.6pt 0pt 0pt;">
				<font style="margin:0pt 10.6pt 0pt 0pt;font-family:Arial,Helvetica,sans-serif;font-size:9.5pt;line-height:98.75%;border-bottom:1pt none #D9D9D9;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;"> (ii)</font>
			</p>
		</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;border-bottom:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.6pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">Notwithstanding the preceding subsection, Employee may: 1. invest Employee's personal assets in businesses or real estate that are not in competition with AXOGEN or are in publicly traded entities where the form or manner of such investment will not require services on the part of Employee, and in which Employee's&nbsp;participation&nbsp;is&nbsp;solely&nbsp;that&nbsp;of&nbsp;a&nbsp;passive&nbsp;investor; and 2. May continue as a member of the Board of Directors of Visura Technologies LLC . &nbsp; &nbsp;</font></p></td></tr></table></div>
		<p style="margin:0pt 10.6pt 0pt 5.75pt;line-height:98.75%;text-indent:0pt;text-align:left;border-top:1pt none #D9D9D9 ;text-justify:inter-ideograph;text-decoration:underline;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			&nbsp;
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;">S-2</font>

		</p>

		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:3.95pt 127.3pt 0pt 146.1pt;line-height:98.75%;text-align:left;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">SCHEDULE&nbsp;2 &nbsp;COMPENSATION AND BENEFITS</font>
		</p>
		<p style="margin:0.25pt 0pt 0pt;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 10.75pt 0pt 5.8pt;line-height:98.75%;text-indent:31.05pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">Subject&nbsp;to&nbsp;the&nbsp;terms&nbsp;and&nbsp;conditions&nbsp;of&nbsp;the&nbsp;Executive&nbsp;Employment&nbsp;Agreement&nbsp;(the&nbsp;"Agreement"), Employee may be entitled to receive from AXOGEN Corporation ("AXOGEN" or "Employer") the following&nbsp;compensation&nbsp;and&nbsp;benefits:</font>
		</p>
		<p style="margin:0.5pt 0pt 0pt;border-top:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 00.00pt;">
			<p style="border-bottom:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size:9.5pt;border-bottom:1pt none #D9D9D9;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;"> 1.</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-bottom:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Base&nbsp;Salary</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:31pt;">
			<p style="line-height:10.85pt;border-top:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:9.75pt 0pt 0pt;">
				<font style="margin:9.75pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;line-height:10.85pt;border-top:1pt none #D9D9D9;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 30.55pt 0pt 0pt;"> (a)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Amount</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">.&nbsp;&nbsp;&nbsp;Employee's salary during employment with AXOGEN will be at the rate&nbsp;of</font></p></td></tr></table></div>
		<p style="margin:0pt 11.65pt 0pt 5.8pt;line-height:98.75%;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">$350,000 &nbsp;(Three Hundred Fifty Thousand Dollars) annually, (the "Base Salary") effective upon execution and delivery of the Agreement and Employee's first day of employment with AXOGEN.</font>
		</p>
		<p style="margin:0.15pt 0pt 0pt;border-top:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:31pt;">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 11.4pt 0pt 0pt;">
				<font style="margin:0pt 11.4pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 30.55pt 0pt 0pt;"> (b)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Payment</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. The Base Salary shall be payable in accordance with the existing payroll practices of AXOGEN, which practices may be changed by AXOGEN from time to time at its sole discretion. The Base Salary shall be subject to all appropriate withholding taxes.</font></p></td></tr></table></div>
		<p style="margin:0.25pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:6pt;"><p style="width:6pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:31pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 11.7pt 0pt 0pt;">
				<font style="margin:0pt 11.7pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 19.05pt 0pt 0pt;"> (c)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Review of Base Salary</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. The Base Salary shall be reviewed by AXOGEN on an annual basis; however, AXOGEN reserves the right to increase or decrease the Base Salary at any time during the employment relationship in its sole discretion.</font></p></td></tr></table></div>
		<p style="margin:0.45pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:6pt;"><p style="width:6pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:31pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0.05pt 11.75pt 0pt 0pt;">
				<font style="margin:0.05pt 11.75pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 16.7pt 0pt 0pt;"> (d)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Additional&nbsp;Compensation</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">.&nbsp;In addition to the Base Salary, Employee may also be eligible to receive stock options, benefits, paid vacations and holidays during Employee's Employment.</font></p></td></tr></table></div>
		<p style="margin:0.25pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:5pt;"><p style="width:5pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0.25pt 10.55pt 0pt 0pt;">
				<font style="margin:0.25pt 10.55pt 0pt 0pt;font-family:Arial,Helvetica,sans-serif;font-size:9.5pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 27.9pt 0pt 0pt;"> 2.</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Business Expenses and Reimbursements</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. Employee shall be eligible for reimbursement by AXOGEN in accordance with AXOGEN's normal reimbursement practices for ordinary and necessary business expenses incurred by Employee in the performance of Employee's duties for AXOGEN, so long as Employee timely submits to AXOGEN accurate invoices and receipts of all expenses submitted for reimbursement pursuant to this section. Employee will be reimbursed for allowable moving expenses incurred prior to September 1, 2020 up to a maximum of $50,000.</font></p></td></tr></table></div>
		<p style="margin:0.25pt 10.55pt 0pt 5.95pt;line-height:98.75%;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:5pt;"><p style="width:5pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0.05pt 11.15pt 0pt 0pt;">
				<font style="margin:0.05pt 11.15pt 0pt 0pt;font-family:Arial,Helvetica,sans-serif;font-size:9.5pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 22.65pt 0pt 0pt;"> 3.</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Benefits</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. Employee will be permitted to participate in such benefit plans of AXOGEN that may be in effect from time to time, to the extent Employee is eligible under the terms of those plans. Nothing herein shall be construed to require AXOGEN to institute or continue any particular plan or benefit. AXOGEN reserves the right to add, change, or eliminate any benefits at any time at its sole discretion.</font></p></td></tr></table></div>
		<p style="margin:0.25pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:5pt;"><p style="width:5pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 00.00pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0.05pt 11.25pt 0pt 0pt;">
				<font style="margin:0.05pt 11.25pt 0pt 0pt;font-family:Arial,Helvetica,sans-serif;font-size:9.5pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;"> 4.</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0.05pt 11.25pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Vacations and Holidays</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">.&nbsp;Employee will be entitled to paid vacation of 4 weeks per calendar year, prorated based on the date of this Agreement, and holidays in accordance with the holiday policies of AXOGEN in effect for its employees from time to time. Vacation must be taken by Employee at such time or times as reasonably approved by AXOGEN. &nbsp; &nbsp;</font></p></td></tr></table></div>
		<p style="margin:0.4pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:6pt;"><p style="width:6pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt;">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size:9.5pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;"> 5.</font>
			</p>
		</td><td style="width:9pt;"><p style="width:9pt;width:9pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Bonus</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">.</font></p></td></tr></table></div>
		<p style="margin:0.15pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:31pt;">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.75pt 0pt 0pt;">
				<font style="margin:0pt 10.75pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 27pt 0pt 0pt;"> (a)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Calculation</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. During the Employment Period, Employee may receive a bonus based on an AXOGEN bonus plan, as determined by AXOGEN in its sole discretion. Bonus for 2019 will be pro&#xAD; rated based on Employee start date and his target rate set at 50% of salary subject to the conditions of such bonus as established by the AXOGEN Board of directors including a cap on the AXOGEN bonus plan payout of 200% of plan objectives.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:31pt;">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.75pt 0pt 0pt;">
				<font style="margin:0pt 10.75pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 27pt 0pt 0pt;"> (b)</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Paymen</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">t. The Bonus if paid shall be paid in accordance with, and subject to, the normal payroll policies of AXOGEN with respect to similar forms of compensation, including, without limitation, being subject to all appropriate withholding taxes.</font></p></td></tr></table></div>
		<p style="margin:0.25pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:5pt;"><p style="width:5pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt;">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0.05pt 11.1pt 0pt 0pt;">
				<font style="margin:0.05pt 11.1pt 0pt 0pt;font-family:Arial,Helvetica,sans-serif;font-size:9.5pt;line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;"> 6.</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:98.75%;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0.05pt 11.1pt 0pt 0pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Compensation Review</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">. AXOGEN shall, from time to time, but no less frequently than annually, review Employee's compensation (including benefits) and may, in its sole discretion, increase, or decrease, or eliminate any or all of the benefits. Any such increase or decrease in the compensation package shall be valid only if in writing, executed by a duly authorized officer of AXOGEN, and such writing shall constitute an amendment to this Paragraph 6 (and to the Agreement and any applicable Schedules or Exhibits) solely as to the benefits, without waiver or modification of any other terms, conditions&nbsp;or&nbsp;provisions&nbsp;of&nbsp;the&nbsp;Agreement.</font></p></td></tr></table></div>
		<p style="margin:0.15pt 0pt 0pt;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:5pt;"><p style="width:5pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;margin:0pt 10.3pt 0pt 0pt;">
				<font style="margin:0pt 10.3pt 0pt 0pt;font-family:Arial,Helvetica,sans-serif;font-size:9.5pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 22.9pt 0pt 0pt;"> 7.</font>
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">No Other Compensation</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">.&nbsp;Employee agrees that the compensation and benefits set forth in the Agreement, this Schedule 2, &nbsp;the Inducement non-qualified employee stock option agreement with respect to 45,000 shares of common </font></p></td></tr></table></div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;">S-3</font>

		</p>

		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td valign="top" align="left" style="width: 100%;"><p style="margin:0pt 10.3pt 0pt 5pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;;"><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">stock and performance stock unit agreement for&nbsp;10,500 shares&nbsp;to be granted on January 22, 2019 are the sole and exclusive compensation and benefits to which Employee is entitled pursuant to the Agreement, this Schedule 2 and the stock option and performance stock unit agreements, and that Employee shall have no rights&nbsp;to&nbsp;receive&nbsp;any&nbsp;other&nbsp;compensation&nbsp;or&nbsp;benefits&nbsp;of&nbsp;any&nbsp;nature&nbsp;from&nbsp;AXOGEN.</font></p></td></tr></table></div>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			&nbsp;
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;">S-4</font>

		</p>

		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:4.15pt 78.75pt 0pt 75.35pt;line-height:103.75%;text-indent:47.95pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;text-decoration:underline;">EXHIBIT A OF EMPLOYMENT AGREEMENT</font>
		</p>
		<p style="margin:0pt 0pt 0pt 5.8pt;text-decoration:none;text-indent:31.2pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0.05pt 10.6pt 0pt 0pt;line-height:98.75%;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-style:italic;font-size:10pt;">(Document Content on Following Page)</font>
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-style:italic;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;">A-1</font>

		</p>

		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0.05pt 10.6pt 0pt 0pt;line-height:98.75%;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0.05pt 10.6pt 0pt 0pt;line-height:98.75%;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">CONFIDENTIALITY, INTELLECTUAL PROPERTY,</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;text-decoration:underline;">NON-COMPETITION AND NON-SOLICITATION AGREEMENT</font>
		</p>
		<p style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 10.5pt 0pt 0pt;line-height:98.75%;text-align:justify;text-justify:inter-ideograph;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:11pt;text-decoration:none;">This Confidentiality, Intellectual Property, Non-Competition and Non-Solicitation Agreement (this &#x201C;Agreement&#x201D;) is effective as of&nbsp;January 21, 2019 (the &#x201C;Effective Date&#x201D;) by and between AxoGen Corporation, having a place of business at 13631 Progress Blvd., Suite 400, Alachua, FL 32615 (&#x201C;AxoGen&#x201D;) and&nbsp;Eric Sandberg&nbsp;(&#x201C;Employee&#x201D;).&nbsp; AxoGen and Employee may each be referred to herein as a &#x201C;Party&#x201D; and collectively as the &#x201C;Parties&#x201D;.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">RECITALS</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">WHEREAS</font><font style="display:inline;font-family:Times New Roman,Times,serif;">, &nbsp;AxoGen is a global leader in developing, marketing, selling and distributing surgical solutions for peripheral nerve damage or discontinuity and has spent substantial time, resources and monies developing its Confidential Information (as defined below); </font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">WHEREAS</font><font style="display:inline;font-family:Times New Roman,Times,serif;">, Employee has accepted employment with or is currently an employee of AxoGen who will or does, as the case may be, receive certain compensation and other employment-related benefits from AxoGen in return for Employee performing Employee&#x2019;s job duties and responsibilities;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">WHEREAS</font><font style="display:inline;font-family:Times New Roman,Times,serif;">, during Employee&#x2019;s employment Employee will be provided with periodically supplemented Confidential Information, including trade secrets, as well as the opportunity to contribute to the creation and/or maintenance of Confidential Information;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">WHEREAS</font><font style="display:inline;font-family:Times New Roman,Times,serif;">, Employee recognizes that AxoGen&#x2019;s Confidential Information is an important and valuable asset to AxoGen and that AxoGen has a legitimate business interest in protecting these assets; </font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">WHEREAS,</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> Employee recognizes that AxoGen&#x2019;s relationships with AxoGen Customers and its goodwill AxoGen customers are important and valuable assets to AxoGen and that AxoGen has a legitimate business interest in protecting those assets; and </font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">WHEREAS</font><font style="display:inline;font-family:Times New Roman,Times,serif;">, in consideration for Employee&#x2019;s initial employment or continued employment, as the case may be, with AxoGen, Employee agrees to abide by the terms and conditions set forth herein.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">NOW THEREFORE,</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> in consideration of the mutual covenants contained herein and other good and valuable consideration, including initial or continued employment, the receipt and sufficiency of which are hereby acknowledged, the Parties to this Agreement hereby agree as follows:</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;text-decoration:underline;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;text-decoration:underline;font-family:Arial,Helvetica,sans-serif;font-size:11pt;;"> 1.</font>
			</p>
		</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;text-decoration:underline;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;margin:0pt 0pt 12pt;">
			<a name="_Ref530146604"></a><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">DEFINITIONS.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">The following terms, when used in this Agreement with initial capital letters, shall have the respective meanings set forth in this Section 1.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;"> &nbsp;&#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">AxoGen Customers</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&#x201D; means accounts, customers, physicians, hospitals, acute surgical care centers, group purchasing organizations, integrated delivery networks or other clients that: (a) have purchased AxoGen products during the prior one (1) year; or (b) have received or requested a proposal to purchase AxoGen products during the prior one (1) year.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Competing Organization</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&#x201D; means any person or organization which is engaged in or about to become engaged in research on, consulting regarding, or development, production, marketing or selling of a Competing Product including, but not limited to, the organizations identified on </font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Schedule 1</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> attached hereto.</font>
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;">A-2</font>

		</p>

		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Competing Product</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&#x201D; means any product, process, technology, machine or invention of any person or organization other than AxoGen in existence or under development which is similar to, resembles, competes with, is substitutable for, or is intended to be similar to, resemble, compete with, or be substitutable for a product, process, technology, machine or invention of AxoGen. &nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Confidential Information</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&#x201D; means AxoGen&#x2019;s confidential, proprietary, trade secret or any other non-public information, including without limitation: (a) AxoGen Customers; (b) actual or potential vendors, suppliers, distributors or referral sources; (c) products, product know-how, product manufacturing and distribution systems and processes, product technology, product development plans and strategies; (d) marketing and sales strategies and plans, product pricing policies, offerings and structures; (e) business and financial information of a non-public nature (e.g., strategy plans, forecasts, budgets); (f) employee, personnel or payroll policies, records and information; (g) corporate development strategies including acquisitions, divestitures, growth plans and other plans; (h) inventions, research and development activities; and (i) information disclosed to AxoGen in confidence belonging to third parties.&nbsp;&nbsp;Confidential Information does not include information that is or becomes part of the public domain through no fault of Employee.&nbsp;&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Copyrightable Works</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&#x201D; means all works of authorship, fixed in any tangible medium of expression known or later developed, including but not limited to writings, reports, articles, white papers, compilations, summaries, graphics, computer programs, user interfaces, drawings, designs, documentation and publications.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Intellectual Property</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&#x201D; means all inventions, patents, patent applications, designs, discoveries, ideas, innovations, improvements, know-how, trade secrets, methods, processes, specifications, procedures, trademarks, certifications, and invention disclosures, whether patentable or not.&nbsp;&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Material Contact</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&#x201D; means (i) any interaction between Employee and an AxoGen Customer which takes place in an effort to establish, maintain, and/or further a business relationship on behalf of AxoGen, (ii) any AxoGen Customer whose dealings with AxoGen were coordinated or supervised by Employee, (iii) any AxoGen Customer about whom Employee obtained Confidential Information in the ordinary course of business as result of Employee&#x2019;s association with AxoGen, or (iv) any AxoGen Customer who receives product or services from AxoGen, the sale or provision of which results or resulted in compensation, commissions or earnings for Employee, all within the last year of Employee&#x2019;s employment with AxoGen (or during Employee&#x2019;s employment if employed less than a year).&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 12pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:27pt;"><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">2.</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><a name="_Ref530146592"></a><a name="_Ref64989582"></a></font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;text-decoration:underline;">CONFIDENTIAL INFORMATION AND PROPERTY</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">.</font><a name="_Ref157850047"></a></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;"></font><font style="display:inline;font-family:Times New Roman,Times,serif;">2.1.</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Non-Disclosure of Confidential Information</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp; Employee acknowledges that the Confidential Information is of great value to AxoGen, that AxoGen has legitimate business interests in protecting its Confidential Information, and that the disclosure to anyone not authorized to receive such information, including any Competing Organization, will cause irreparable injury to AxoGen.&nbsp;&nbsp;Employee agrees: (a) not to make use of the Confidential Information for any purpose other than is necessary to perform Employee&#x2019;s duties while an employee of AxoGen; and (b) not to disclose, use, disseminate, identify, or publish Confidential Information for five (5) years after the termination of Employee&#x2019;s employment with AxoGen for any reason.&nbsp;&nbsp;Notwithstanding the foregoing, Employee agrees not to, and shall not for any reason disclose, use, disseminate, identify or publish Confidential Information that is an AxoGen trade secret, as long as that Confidential Information remains a trade secret and does not become publicly known through no fault of Employee. </font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:20pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:20pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">2.2.</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Return of Confidential Information and AxoGen Property</font><font style="display:inline;font-family:Times New Roman,Times,serif;">. Upon termination of Employee&#x2019;s employment with AxoGen for any reason, or at any time as AxoGen requests, Employee will promptly return to AxoGen all Confidential Information and other tangible property that belongs to AxoGen in Employee&#x2019;s possession; such tangible property includes but is not limited to: all keys and security and credit cards; all products, product samples, computers, cellular phones and other electronic devices; and all customer and account files, price lists, product information, training manuals, advertising and promotional materials, handbooks and polices (in physical or electronic format).&nbsp;&nbsp;Employee shall not retain possession of any copies of correspondence, memoranda, reports, notebooks, drawings, photographs notes, research and scientific data, and tangible communications </font></font></p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;">A-3</font>

		</p>

		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;"><font style="margin-left:0pt; padding-right:20pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">concerning the same, or other documents in any form whatsoever (including information contained in computer memory or any portable storage device (e.g., a &#x201C;thumb drive&#x201D;) relating in any way to the Confidential Information obtained by or entrusted to Employee during Employee&#x2019;s employment with AxoGen.</font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">2.3</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Defend Trade Secrets Act</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp;&nbsp;Pursuant to the Defend Trade Secrets Act of 2016, 18 U.S.C. &#xA7;1833, Employee acknowledges that Employee shall not have criminal or civil liability under any federal or state trade secret law for the disclosure of a trade secret that (A) is made (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. In addition, if Employee files a lawsuit for retaliation by AxoGen for reporting a suspected violation of law, Employee shall not have criminal or civil liability under any federal or state trade secret law if Employee discloses the trade secret to Employee&#x2019;s attorney and (X) files any document containing the trade secret under seal and (Y) does not disclose the trade secret, except pursuant to court order.&nbsp; </font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">3.<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;;font-size: 11pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;text-decoration:underline;">RESTRICTIVE COVENANTS</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:20pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:20pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">3.1.</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Employee Acknowledgment</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp; </font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:23pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:23pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">(a)</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left">Employee acknowledges that: (a) Employee&#x2019;s position and employment with AxoGen gives Employee access to and knowledge of AxoGen Customers and its vendors, suppliers, distributors or referral sources (collectively, &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">AxoGen Business Partners</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&#x201D;), which represent important and unique business assets that have resulted from a significant investment of time, resources and monies by AxoGen; (b) Employee would cause AxoGen great loss, damage and immediate irreparable harm if Employee were to engage in unfair or unlawful competitive activity by improperly using or disclosing any information related to AxoGen Business Partners for Employee&#x2019;s own benefit or for the benefit of any Competing Organization.&nbsp;&nbsp; </font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:23pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:23pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">(b)</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left">Employee acknowledges and agrees that the restrictions contained in this Section 3, are reasonable and necessary to protect AxoGen&#x2019;s legitimate business interests, promote and protect the purpose and subject matter of this Agreement and Employee&#x2019;s employment, and deter any potential conflict of interest. Employee agrees that Employee knows of no reason why any restriction contained in this Section 3 is not reasonable and enforceable and that all such restrictions are necessary and reasonable to protect AxoGen&#x2019;s interests.&nbsp;&nbsp;&nbsp;Employee also acknowledges and agrees that the restrictions contained in this Section 3 will not impair or infringe upon Employee&#x2019;s right to work or earn a living when Employee&#x2019;s employment with AxoGen ends.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;"><font style="display:inline;font-family:Times New Roman,Times,serif;">3.2</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Non-Compete</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">(a)<font style="display:inline;font-family:Times New Roman,Times,serif;;font-size: 11pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 26.1pt 0pt 0pt;"></font>During Employee&#x2019;s employment with AxoGen and for a period of one (1) year following the termination of Employee&#x2019;s employment with AxoGen for any reason, Employee will not work for (as an employee, consultant, contractor, agent or otherwise) or render services directly or indirectly to any Competing Organization whereby the services Employee would provide for, to, or on behalf of the Competing Organization (i) are the same as or similar to those services that Employee provided for, to, or on behalf of AxoGen during Employee&#x2019;s employment, (ii) involve the development, sale, marketing, or distribution of a Competing Product, or (iii) could enhance the use or marketability of a Competing Product. This restriction covers (i) the United States, (ii) any state or territory in which AxoGen is engaged in its business at the time of and during the year prior to Employee&#x2019;s separation from AxoGen, and (iii) any state or territory in which Employee was providing services for AxoGen at the time of and during the year prior to Employee&#x2019;s separation from the Company.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">(b)<font style="display:inline;font-family:Times New Roman,Times,serif;;font-size: 11pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 26.1pt 0pt 0pt;"></font>The restrictions herein shall not prohibit Employee from accepting employment with a Competing Organization whose business is diversified and which is, as to that part of its business in which Employee accepts employment, not a Competing Organization. If Employee accepts employment with a Competing Organization, Employee will provide AxoGen written assurances satisfactory to AxoGen that Employee will not render services, directly or indirectly, for the time period herein in connection with any Competing Product. </font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;"><font style="display:inline;font-family:Times New Roman,Times,serif;">3.3</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Non-Solicitation of Employees and AxoGen Business Partners</font><font style="display:inline;font-family:Times New Roman,Times,serif;">. &nbsp;</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;">A-4</font>

		</p>

		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">(a)<font style="display:inline;font-family:Times New Roman,Times,serif;;font-size: 11pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 26.1pt 0pt 0pt;"></font>During Employee&#x2019;s employment with AxoGen and for a period of two (2) years following the termination of Employee&#x2019;s employment with AxoGen for any reason, Employee will not in any capacity, directly or indirectly, solicit, induce or influence, or attempt to solicit, induce or influence, any person engaged as an employee, independent contractor, or agent of AxoGen to terminate his or her employment and/or business relationship with AxoGen or do any act which may result in the impairment of the relationship between AxoGen and its employees, independent contractors or agents. </font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">(b)<font style="display:inline;font-family:Times New Roman,Times,serif;;font-size: 11pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 26.1pt 0pt 0pt;"></font>During the term of Employee&#x2019;s employment with AxoGen and for a period of one (1) year following the termination of Employee&#x2019;s employment with AxoGen for any reason, Employee will not in any capacity, directly or indirectly: (i) solicit, contact, accept solicited business from, provide competitive services to, or sell any Competing Product to an AxoGen Customer; (ii) divert, entice or otherwise take away from AxoGen the business or patronage of any AxoGen Business Partner; or (iii) solicit or induce any AxoGen Business Partner to terminate or reduce its relationship with AxoGen or otherwise interfere with AxoGen&#x2019;s relationship with any AxoGen Business Partner.&nbsp;&nbsp;This restriction applies only to those AxoGen Customers and AxoGen Business Partners with whom Employee had Material Contact. </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;"><font style="display:inline;font-family:Times New Roman,Times,serif;">3.4</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">New Employer Notification</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp;&nbsp;To enable AxoGen to monitor Employee&#x2019;s compliance with the obligations set forth in this Agreement, Employee agrees to notify AxoGen in writing before commencing employment with a new employer; such notification shall include the identify of Employee&#x2019;s new employer, job title and responsibilities.&nbsp;&nbsp;Employee will continue to notify AxoGen, in writing, any time Employee accepts or changes employment during the time periods set forth in this Section 3. Employee agrees that AxoGen is permitted to contact any new or prospective employer regarding Employee&#x2019;s obligations owed to AxoGen. &nbsp;</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;"><font style="display:inline;font-family:Times New Roman,Times,serif;">3.5</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Modification of Non-Compete and Non-Solicitation Provisions</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp;&nbsp;The parties agree that a court of competent jurisdiction may modify any invalid, overbroad or unenforceable term of this Section 3 so that such term, as modified, is valid and enforceable under applicable law; such court is also authorized to extend the time periods set forth in this Section 3 for any period of time in which Employee is in breach of this Agreement or as necessary to protect the legitimate business interests of AxoGen. If a court of competent jurisdiction determines that any term of this Section 3 is invalid, overbroad, or unenforceable, in whole or in part, and cannot be modified as set forth in the prior sentence to make such term valid and enforceable under applicable law, the Parties agree that any such term, in whole or in part as the case may, shall be severable and the remainder of this Section 3 and this Agreement shall nevertheless be enforceable and binding on the Parties.&nbsp; </font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">4.<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;;font-size: 11pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;text-decoration:underline;">INVENTIONS.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:20pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:20pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">4.1.</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Disclosure of Developments</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp;&nbsp;Employee agrees that during and subsequent to Employee&#x2019;s employment with AxoGen, Employee will promptly disclose and furnish complete information to AxoGen relating to all inventions, improvements, modifications, discoveries, methods and developments, whether patentable or not, made or conceived by Employee or under Employee&#x2019;s direction during Employee&#x2019;s employment whether or not made or conceived during normal business hours or on AxoGen premises.</font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">4.2</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Ownership of Intellectual Property</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp; </font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:23pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:23pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">(a)</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"> Employee agrees to assign and hereby does assign to AxoGen all right, title and interest including goodwill and intellectual property rights worldwide in and to any and all Intellectual Property made, conceived, developed, reduced to practice or authored by Employee alone or with others for Employer during the course of Employee&#x2019;s employment, whether conceived, developed or reduced to practice, which are within the scope of AxoGen&#x2019;s actual or anticipated research and development business.</font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:23pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:23pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">(b)</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left">AxoGen&#x2019;s rights in Section 4.2(a) above shall not apply to any Intellectual Property conceived and developed without the use of AxoGen&#x2019;s equipment, supplies, facilities and trade secret information and which was developed entirely on Employee&#x2019;s own time,</font><font style="display:inline;">&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;">or prior to employment by AxoGen or is subject to the ownership&nbsp;rights of others (such as Employee&#x2019;s prior employer), unless (a) the Intellectual Property relates (i) directly to AxoGen&#x2019;s business; (ii) to AxoGen&#x2019;s actual or anticipated research and development; (iii) the Intellectual Property results from or relates to any work performed by Employee for AxoGen. &nbsp;</font></font>
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;">A-5</font>

		</p>

		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:23pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:23pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">(c)</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left">Employee agrees that AxoGen shall have a non-exclusive, fully paid-up, sublicensable, irrevocable worldwide license to use for all purposes any Intellectual Property within the scope of AxoGen&#x2019;s actual or anticipated business but not assigned to AxoGen pursuant to Section 4.2(b), unless such a license is prohibited by statute or by a court of last resort and competent jurisdiction. </font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">4.3</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Copyrightable Works</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp;&nbsp;Employee acknowledges that all Copyrightable Works shall to the fullest extent permissible be considered &#x201C;works for hire&#x201D; in the United States as defined in the U.S. Copyright Laws and in any other country adhering to the &#x201C;works made for hire&#x201D; or similar notion.&nbsp;&nbsp;All such Copyrightable Works shall from the time of creation be owned solely and exclusively by AxoGen throughout the world.&nbsp;&nbsp;If any Copyrightable Work or portion thereof shall not be legally qualified as a work made for hire in the United States or elsewhere or shall subsequently be held to not be a work made for hire, Employee agrees to assign and does hereby assign to AxoGen all Employee&#x2019;s right, title and interest to the Copyrightable Works and all registered and applied for copyrights therein.&nbsp;&nbsp;Employee hereby waives any moral rights which Employee may hold in any existing or future Copyrightable Works or other Intellectual Property as an author worldwide and hereby consents to any action of AxoGen that would violate its moral rights in the absence of such consent. </font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">4.4<font style="display:inline;font-family:Times New Roman,Times,serif;;font-size: 11pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 26.1pt 0pt 0pt;"></font></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">License</font><font style="display:inline;font-family:Times New Roman,Times,serif;">. In the event that any of the rights in any Copyrightable Works or other Intellectual Property (&#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Intellectual Property Rights</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&#x201D;) cannot be transferred to AxoGen pursuant to the terms of this Agreement, Employee hereby (i) unconditionally and irrevocably waives the enforcement of any Intellectual Property Rights retained by Employee, and all claims and causes of action of any kind against AxoGen with respect to those rights; and (ii) grants to AxoGen an irrevocable, perpetual, fully paid-up, transferable, sublicensable, royalty-free, exclusive worldwide right and license to use, reproduce, distribute, display, perform, prepare derivative works of, modify, enforce, and otherwise use and exploit all or any portion of such existing and future Intellectual Property Rights. </font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">4.5</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Causes of Action</font><font style="display:inline;font-family:Times New Roman,Times,serif;">. Employee further irrevocably assigns to AxoGen all causes of action, including accrued, existing and future causes of action, arising out of or related to the Intellectual Property Rights.</font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">4.6</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Cooperation</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp;&nbsp;When requested to do so by AxoGen, either during or subsequent to Employee&#x2019;s employment with AxoGen, Employee shall: (a) execute all documents requested by AxoGen for the vesting in AxoGen of the entire right, title and interest in and to the Intellectual Property and Confidential Information, and all patent, copyright, trademarks or other applications filed and issuing on the Intellectual Property; (b) execute all documents requested by AxoGen for filing and obtaining of patents, trademarks or copyrights; and (c) provide assistance that AxoGen reasonably requires to protect its right, title and interest in the Intellectual Property and Confidential Information.&nbsp;&nbsp;Employee acknowledges that the obligations herein shall continue beyond the termination of Employee&#x2019;s employment with AxoGen with respect to Intellectual Property conceived, authored or made by Employee during Employee&#x2019;s period of employment and shall be binding on Employee&#x2019;s executors, administrators or other legal representatives.</font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">4.7</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Prior Intellectual Property</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp;&nbsp;Attached as </font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Schedule 2</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> is a complete list, if any, of all of Employee&#x2019;s Intellectual Property made, conceived or first reduced to practice by Employee, alone or jointly with others, prior to Employee&#x2019;s employment with AxoGen (&#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Prior Intellectual Property</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&#x201D;).&nbsp;&nbsp;If in the course of Employee&#x2019;s employment with AxoGen Employee incorporates into an AxoGen product, process or machine any Prior Intellectual Property, then Employee hereby grants, and agrees to grant, AxoGen a non-exclusive, royalty-free, irrevocable, perpetual, transferable, sublicensable worldwide license to make, modify, use and sell such Prior Intellectual Property as part of or in connection with such product, process or machine. Notwithstanding the foregoing, Employee agrees not to, and shall not, use at or on behalf of AxoGen any Prior Intellectual Property that would be in violation of Section 5.3 of this Agreement. </font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<a name="_Ref530146644"></a><a name="_Ref530289679"></a><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">5.<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;;font-size: 11pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;text-decoration:underline;">EMPLOYEE REPRESENTATIONS</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 12pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:18pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:18pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">5.1.</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Performance</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp;&nbsp;During Employee&#x2019;s employment with AxoGen, Employee shall devote Employee&#x2019;s best efforts, attention and energies to the performance of Employee&#x2019;s duties as an employee of AxoGen. &nbsp;</font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">5.2</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Code of Conduct; Conflicts of Interest</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp;&nbsp;Employee agrees to adhere to AxoGen&#x2019;s Code of Conduct, including but not limited to the provisions regarding Conflicts of Interest.&nbsp;&nbsp;Employee will not engage in any activity </font></font></p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;">A-6</font>

		</p>

		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;"><font style="margin-left:0pt; padding-right:22pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">or have any outside interest that could interfere with the satisfactory performance of Employee&#x2019;s duties or be detrimental to AxoGen or be engaged in any other occupation or activity that conflicts with Employee&#x2019;s obligations to AxoGen.&nbsp;&nbsp;Employee agrees to promptly notify AxoGen of any potential conflict of interest.&nbsp; </font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:20pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:20pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">5.3.</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Agreements with Prior Employers</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp;&nbsp;Employee has not signed any non-competition, non-solicitation, or other agreement that Employee has not disclosed to AxoGen that prohibits Employee from being employed by AxoGen, fully performing Employee&#x2019;s duties or fully providing services to or on behalf of AxoGen during Employee&#x2019;s employment or assigning works and ideas to AxoGen (&#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Prior Non-Compete Agreement</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&#x201D;).&nbsp;&nbsp;Employee has not and will not disclose to AxoGen or use for AxoGen&#x2019;s benefit any information that to Employee&#x2019;s knowledge is proprietary or confidential to any of Employee&#x2019;s prior employers without proper consent from the prior employer.&nbsp;&nbsp;If Employee has signed a Prior Non-Compete Agreement with a prior employer, Employee has provided a copy of such agreement to AxoGen&#x2019;s Human Resources Department under separate cover. </font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">5.4</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">At-Will Employment</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp;&nbsp;Employee acknowledges that this Agreement does not obligate Employee to remain employed by AxoGen nor does it confer upon Employee the right to continued employment by AxoGen.&nbsp;&nbsp;Employee and AxoGen each have the right to terminate the employment relationship at any time, for any reason or no reason, with or without notice and with or without cause. </font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">6.<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;;font-size: 11pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;text-decoration:underline;">MISCELLANEOUS</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">6.1.<font style="display:inline;font-family:Times New Roman,Times,serif;;font-size: 11pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 22.8pt 0pt 0pt;"></font><a name="_Ref157849795"></a></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Inside Information</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp;&nbsp;Employee hereby acknowledges that Employee is aware (and that Employee&#x2019;s representatives who are apprised of this matter have been advised) that the United States securities laws prohibit Employee and any person or entity that has received material non-public information about AxoGen from Employee (&#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Inside Information</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&#x201D;) from purchasing or selling securities of AxoGen or from communicating such information to any person under circumstances under which such other person may purchase or sell securities of AxoGen.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">6.2<font style="display:inline;font-family:Times New Roman,Times,serif;;font-size: 11pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 26.1pt 0pt 0pt;"></font></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Essence of the Agreement</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp;&nbsp;The restrictive covenants set forth in Sections 2-4 are the essence of this Agreement and they shall be construed as agreements independent of (i) any other agreements, or (ii) any other provision in this Agreement.&nbsp;&nbsp;The existence of any claim or cause of action of Employee against AxoGen, whether predicated on this Agreement or otherwise, regardless of who was at fault and regardless of any claims that either Employee or AxoGen may have against the other, will not constitute a defense to the enforcement by AxoGen against Employee of the restrictive covenants set forth in Sections 2-4.&nbsp; AxoGen shall not be barred from enforcing the restrictive covenants set forth in Sections 2-4 by reason of any breach of (i) any other part of this Agreement, or (ii) any other agreement with Employee.</font>
		</p>
		<p style="margin:0pt;line-height:115%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 12pt;">
			<font style="display:inline;font-family:Arial Narrow;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:20pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:20pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">6.3.</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Entire Agreement; Prior Agreements</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp;&nbsp;This Agreement including its Schedules sets forth the entire agreement between the Parties as it relates to the subject matter of this Agreement; this Agreement supersedes and replaces prior agreements between Employee and AxoGen with respect to the subject matter addressed in the Agreement.&nbsp;&nbsp;The provisions of this Agreement shall not be amended, supplemented, waived or changed orally; any such alteration shall only be valid through a written amendment to this Agreement signed by both Parties. </font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:22pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">6.4</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Severability</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp;&nbsp;This Agreement shall be enforceable to the fullest extent allowed by law.&nbsp;&nbsp;In the event that a court holds any provision of this Agreement to be invalid or unenforceable, the Parties agrees that, if allowed by law, that provision shall be deemed severable from the remainder of this Agreement, and the remaining provisions contained in this Agreement shall be construed to preserve to the maximum permissible extent the intent and purposes of this Agreement.</font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:20pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:20pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;">6.5.</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Assignment</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp;&nbsp;This Agreement shall be binding upon and inure to the benefit of the parties, their successors and assigns.&nbsp;&nbsp;This Agreement may not be assigned by Employee.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">6.6.<font style="display:inline;font-family:Times New Roman,Times,serif;;font-size: 11pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 22.8pt 0pt 0pt;"></font></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Injunctive Relief</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp;&nbsp;Employee acknowledges that because of the difficulty of measuring economic losses to AxoGen as a result of a breach or threatened breach of any of the covenants in this Agreement, and because of the immediate and irreparable damage that would be caused to the Company and for which monetary damages would not be a sufficient remedy and which harm would not be fully or adequately compensated by </font></p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;">A-7</font>

		</p>

		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;"><font style="display:inline;font-family:Times New Roman,Times,serif;">recovery of damages alone, the Parties agree that, in addition to all other remedies or damages that may be available to AxoGen hereunder and at law or in equity,&nbsp;&nbsp;in the event of a breach or a threatened breach by Employee of any covenants in this Agreement, AxoGen shall be entitled to specific performance and injunctions restraining such breach, without being required to post any bond or other security.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">6.7.<font style="display:inline;font-family:Times New Roman,Times,serif;;font-size: 11pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 22.8pt 0pt 0pt;"></font></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Disputes and Litigation</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp;&nbsp;In the event of any dispute or litigation between or among the Parties with respect to this Agreement, the prevailing party shall be entitled to its costs and expenses, including reasonable attorneys&#x2019; fees and costs.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">6.8.<font style="display:inline;font-family:Times New Roman,Times,serif;;font-size: 11pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 22.8pt 0pt 0pt;"></font></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Governing Law; Jurisdiction and Venue and Waiver of Jury Trial</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp;&nbsp;This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Florida. The Parties acknowledge that a substantial portion of the negotiations, anticipated performance and execution of this Agreement occurred or shall occur in Alachua County, Florida.&nbsp;&nbsp;The Parties further agree that in any dispute between them relating to this Agreement, exclusive venue shall be in the Circuit Court of the Eighth Judicial Circuit, in and for Alachua County, Florida, or the United States District Court, Northern District of Florida, Gainesville Division.&nbsp;&nbsp;Each of the Parties hereby consents to the exclusive jurisdiction of such courts in any such civil action or legal proceeding and waives any objection to the venue of or jurisdiction in any such civil action or legal proceeding in such courts.&nbsp;&nbsp;Service of any court paper may be effectuated on such Party by mail, as provided in this Agreement, or in such other manner as may be provided under applicable laws, rules of procedure or local rules.&nbsp; </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;text-decoration:underline;">The Parties further agree to waive any right to a trial by jury should any action be brought to enforce this Agreement.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;text-decoration:underline;;font-size: 11pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;;font-size: 11pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Times New Roman,Times,serif;">6.9.<font style="display:inline;font-family:Times New Roman,Times,serif;;font-size: 11pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Counterparts; Transmission</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&nbsp;&nbsp;This Agreement may be executed in one or more counterparts, each of which shall be considered one and the same document.&nbsp;&nbsp;This Agreement may be executed by facsimile or electronic transmission. </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">IN WITNESS WHEREOF,</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> the Parties have caused this Agreement to be executed as of the Effective Date.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:12pt 0pt 6pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 5.4pt;font-family:Arial,Helvetica,sans-serif;font-size: 1pt;">
			<font style="display:inline;font-size:1pt;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
			<tr>
				<td colspan="2" valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:252.35pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">AXOGEN CORPORATION</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:22.15pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:225.00pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">EMPLOYEE</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:40.50pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">By</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:211.85pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;width: 90.00%;border-bottom:1pt solid #000000 ;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">/s/ Karen Zaderej</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:22.15pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:40.50pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:184.50pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">/s/ Eric Sandberg</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:40.50pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Name:</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:211.85pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Karen Zaderej</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:22.15pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:40.50pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Name:</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:184.50pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Eric Sandberg</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:40.50pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Title:</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:211.85pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Chairman, CEO and President </font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:22.15pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:40.50pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:184.50pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;"></font>
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;">A-8</font>

		</p>

		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;text-decoration:underline;">Schedule 1</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;text-decoration:underline;">Competing Organizations</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:150%;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">Amniox Medical Inc.</font>
		</p>
		<p style="margin:0pt;line-height:150%;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">Applied Biologics Inc. </font>
		</p>
		<p style="margin:0pt;line-height:150%;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">Baxter International, Inc.</font>
		</p>
		<p style="margin:0pt;line-height:150%;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">Checkpoint Surgical Inc. </font>
		</p>
		<p style="margin:0pt;line-height:150%;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">Guangzhou Zhongda Medical (China)</font>
		</p>
		<p style="margin:0pt;line-height:150%;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">Integra LifeSciences Inc. </font>
		</p>
		<p style="margin:0pt;line-height:150%;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">Medovent GmbH</font>
		</p>
		<p style="margin:0pt;line-height:150%;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">MiMedx Group Inc. </font>
		</p>
		<p style="margin:0pt;line-height:150%;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">Neuraptive Therapeutics</font>
		</p>
		<p style="margin:0pt;line-height:150%;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">Polyganics B.V.</font>
		</p>
		<p style="margin:0pt;line-height:150%;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">Stryker Corporation</font>
		</p>
		<p style="margin:0pt;line-height:150%;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">Vivex Biomedical Inc. </font>
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;"></font>
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;">A-9</font>

		</p>

		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;text-decoration:underline;">Schedule 2 </font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;text-decoration:underline;">List of Prior Intellectual Property</font>
		</p>
		<p style="margin:0.05pt 10.6pt 0pt 0pt;line-height:98.75%;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;text-decoration:none;">N/A</font>
		</p>
		<p style="margin:0pt 13.25pt 0pt 5.9pt;line-height:98.75%;text-indent:30.95pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 13.25pt 0pt 5.9pt;line-height:98.75%;text-indent:30.95pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 13.25pt 0pt 5.9pt;line-height:98.75%;text-indent:30.95pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 13.25pt 0pt 5.9pt;line-height:98.75%;text-indent:30.95pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;text-decoration:none;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			<font style="display:inline;">A-10</font>

		</p>

		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.9477124183007%;margin-right:7.35294117647059%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr></div>
	</body>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ex-10d2.htm
<DESCRIPTION>EX-10.2
<TEXT>
<!--HTML document created with Merrill Bridge  8.3.0.54-->
<!--Created on: 1/22/2019 3:24:09 PM-->
<html>
	<head>
		<title>
			Exhibit 10-2
		</title>
	</head>
	<body><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">

			<font style="display:inline;">Exhibit 10.2</font>

		</p>

</div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p style="margin:0pt;text-align:center;font-weight:bold;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">AXOGEN, INC.</font>
		</p>
		<p style="margin:0pt 0pt 18pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-weight:bold;">NON&#x2013;QUALIFIED STOCK OPTION INDUCEMENT AWARD AGREEMENT</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:33.95pt;text-align:left"><font style="display:inline;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left">This </font><font style="display:inline;font-weight:bold;">Non&#x2013;Qualified Stock Option Inducement Award Agreement </font><font style="display:inline;">(the &#x201C;</font><font style="display:inline;font-style:italic;">Agreement</font><font style="display:inline;">&#x201D;), effective as of this 22&nbsp;day of January, 2019 (the &#x201C;</font><font style="display:inline;font-style:italic;">Effective Date</font><font style="display:inline;">&#x201D;), by and between AxoGen, Inc., a Minnesota corporation (the &#x201C;</font><font style="display:inline;font-style:italic;">Company</font><font style="display:inline;">&#x201D;), and Eric Sandberg&nbsp;(&#x201C;</font><font style="display:inline;font-style:italic;">Optionee</font><font style="display:inline;">&#x201D;) is made in connection with the Optionee&#x2019;s entry into employment within the meaning of Rule 5635(c)(4) of the NASDAQ Listing Rules. If and to the extent that this Agreement conflicts or is inconsistent with the terms, conditions and provisions of any employment, consulting or similar services agreement between the Optionee and the Company as may be in effect (the &#x201C;</font><font style="display:inline;font-style:italic;">Service Agreement</font><font style="display:inline;">&#x201D;), the Service Agreement shall control, and this Agreement shall be deemed to be modified accordingly. Capitalized terms used but not defined herein shall have the meanings set forth in that certain Employment Agreement by and between the Company and the Optionee dated as of January 21, 2019 (the &#x201C;</font><font style="display:inline;font-style:italic;">Employment Agreement</font><font style="display:inline;">&#x201D;).</font></font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">WHEREAS, the Company wishes to grant this stock option (the &#x201C;</font><font style="display:inline;font-style:italic;font-size:10pt;">Option</font><font style="display:inline;font-size:10pt;">&#x201D;) to Optionee pursuant to the terms and conditions herein contained.</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:33.95pt;text-align:left"><font style="display:inline;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left">NOW, THEREFORE, in consideration of the premises and of the mutual covenants herein contained, the parties hereto hereby agree as follows:</font></font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 27pt 0pt 0pt;"> 1.</font>
			<font style="display:inline;font-weight:bold;">Grant of Option</font><font style="display:inline;color:#000000;">.&nbsp;&nbsp;The Company hereby grants to Optionee the right and option (the &#x201C;</font><font style="display:inline;font-style:italic;">Option</font><font style="display:inline;color:#000000;">&#x201D;) to purchase all or any part of an aggregate of 45,000 shares (the &#x201C;</font><font style="display:inline;font-style:italic;">Shares</font><font style="display:inline;color:#000000;">&#x201D;) of the common stock, par value $0.01 per share (the &#x201C;</font><font style="display:inline;font-style:italic;">Common Stock</font><font style="display:inline;color:#000000;">&#x201D;), of the Company at the exercise price of $16.17 per Share on the terms and conditions set forth herein.&nbsp;&nbsp;It is understood and agreed that such price is not less than the closing price of a share of Common Stock on the NASDAQ on the Effective Date.&nbsp;&nbsp;The Option is not intended to qualify as a non-qualified stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the &#x201C;</font><font style="display:inline;font-style:italic;">Code</font><font style="display:inline;color:#000000;">&#x201D;).</font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 27pt 0pt 0pt;"> 2.</font>
			<font style="display:inline;font-weight:bold;">Duration and Exercisability</font><font style="display:inline;color:#000000;">.&nbsp;&nbsp;The Option is subject to the following terms and conditions:</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;font-style:normal;border-top:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> (a)</font>
			<font style="display:inline;color:#000000;">The Option may not be exercised by Optionee except as set forth herein, and the Option shall in all events terminate ten (10) years from the date hereof (the &#x201C;</font><font style="display:inline;font-style:italic;">Termination Date</font><font style="display:inline;color:#000000;">&#x201D;).&nbsp;&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;font-style:normal;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> (b)</font>
			<font style="display:inline;color:#000000;">The Option shall not be assignable or transferable by Optionee, other than by will or the laws of descent and distribution.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;font-style:normal;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 24pt 0pt 0pt;"> (c)</font>
			<font style="display:inline;color:#000000;">Subject to the Optionee&#x2019;s continued employment with Company or any of its subsidiaries, the Option shall vest and may be exercised by Optionee in cumulative installments as follows, which cannot exceed 100% of the Shares subject to the Option:</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;">
			<tr>
				<td valign="top" style="border-right:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-left:1pt solid #000000 ;border-top:1pt solid #000000 ;width:239.40pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">On or after each of the </font></p>
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">following dates</font></p>
				</td>
				<td valign="top" style="border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;border-top:1pt solid #000000 ;width:239.40pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">Percentage of Shares as to which </font></p>
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">the Option is exercisable</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="border-right:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;width:239.40pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">January 22, 2021</font></p>
				</td>
				<td valign="middle" style="border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;border-right:1pt solid #000000 ;width:239.40pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">50.0%</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="border-right:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;width:239.40pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">July 22, 2021</font></p>
				</td>
				<td valign="middle" style="border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;border-right:1pt solid #000000 ;width:239.40pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">12.5%</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="border-right:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;width:239.40pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;">January 22, 2022</font></p>
				</td>
				<td valign="middle" style="border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;border-right:1pt solid #000000 ;width:239.40pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">12.5%</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="border-right:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;width:239.40pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;">&nbsp;July 22, 2022</font></p>
				</td>
				<td valign="middle" style="border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;border-right:1pt solid #000000 ;width:239.40pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">12.5%</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="border-right:1pt solid #000000 ;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;width:239.40pt;background-color: #auto;height:2.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;">&nbsp;January 22, 2023</font></p>
				</td>
				<td valign="middle" style="border-left:1pt solid #000000 ;border-top:1pt solid #000000 ;border-right:1pt solid #000000 ;border-bottom:1pt solid #000000 ;width:239.40pt;background-color: #auto;height:2.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">12.5%</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">If the foregoing schedule would produce fractional Shares, the number of Shares for which the Option becomes exercisable shall be rounded down to the nearest whole Share.&nbsp;&nbsp;Except as otherwise described in Section 3(c) of this Agreement, during the lifetime of Optionee, the Option shall be exercisable only by Optionee.&nbsp;&nbsp;The vesting of the Option is subject to acceleration under the circumstances described in Sections 2(d) and &nbsp;3(c).</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> (d)</font>
			<font style="display:inline;color:#000000;">The Company shall have the discretion to determine the treatment of the Option upon the occurrence of a Change in Control. Notwithstanding the foregoing and the provisions of subparagraph 2(c) above, if a Change in Control occurs, the Option shall automatically accelerate and become fully exercisable in the event that </font></p></td></tr></table></div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td valign="top" align="left" style="width: 100%;"><p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;;"><font style="display:inline;color:#000000;">within twelve months following the Change in Control the employee is terminated without Substantial Cause or leaves the Company for Good Reason.&nbsp;&nbsp;Good Reason, except as otherwise provided in the Employment Agreement, shall mean the occurrence of any one or more of the following:</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:111pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 27pt 0pt 0pt;">I.</font>
			<font style="display:inline;font-size:10pt;">the assignment to Optionee of any duties inconsistent in any respect with his/her position (including status, offices, titles, and reporting requirements), authorities, duties, or other responsibilities as in effect immediately prior to the Change in Control of the Company or any other action of the Company which results in a diminishment in such position, authority, duties, or responsibilities, other than an insubstantial and inadvertent action which is remedied by the Company promptly after receipt of notice thereof given by Optionee;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:109pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 27pt 0pt 0pt;">II.</font>
			<font style="display:inline;font-size:10pt;">a reduction by the Company in Optionee's base salary as in effect on the date hereof and as the same shall be increased from time to time hereafter; or</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:107pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 27pt 0pt 0pt;">III.</font>
			<font style="display:inline;font-size:10pt;">the failure by the Company to (A) continue in effect any material compensation or benefit plan, program, policy or practice in which Optionee was participating at the time of the Change in Control of the Company or (B) provide Optionee with compensation and benefits at least equal (in terms of benefit levels and/or reward opportunities) to those provided for under each employee benefit plan, program, policy and practice as in effect immediately prior to the Change in Control of the Company (or as in effect following the Change in Control of the Company, if greater).</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> (e)</font>
			<font style="display:inline;color:#000000;">Optionee shall not have any rights as a stockholder with respect to the shares subject to the Option until the date of exercise.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt;">
			<p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size:10pt;;"> 3.</font>
			</p>
		</td><td style="width:17pt;"><p style="width:17pt;width:17pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display:inline;font-weight:bold;font-size:10pt;">Effect of Termination of Employment with the Company.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> (a)</font>
			<font style="display:inline;color:#000000;">In the event that Optionee shall cease to be employed by the Company or its subsidiaries, for any reason other than by the Company or its subsidiaries (i) for Substantial Cause (as defined below), (ii) due to Optionee&#x2019;s death or (iii) due to the Optionee&#x2019;s&nbsp;Disability (as defined below), Optionee shall have the right to exercise the Option at any time within 90 days after such termination of employment to the extent of the full number of Shares Optionee was entitled to purchase under the Option on the date of termination, subject to the condition that the Option shall not be exercisable after the expiration of its term.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> (b)</font>
			<font style="display:inline;color:#000000;">In the event that Optionee shall cease to be employed by or provide services to the Company or its subsidiaries by reason of Optionee&#x2019;s termination by the Company or its subsidiaries for Substantial Cause, the Option shall automatically terminate and shall not be exercisable thereafter.&nbsp;&nbsp;In addition, notwithstanding the prior provisions of this Section 3, if Optionee engages in conduct that constitutes Substantial Cause after Optionee&#x2019;s employment or service with the Company or its subsidiaries terminates, the Option shall immediately terminate.&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 24pt 0pt 0pt;"> (c)</font>
			<font style="display:inline;color:#000000;">In the event that Optionee shall die while employed by the Company or its subsidiaries, or within 90 days after termination of his employment with the Company or its subsidiaries for any reason other than by the Company or its subsidiaries for Substantial Cause, or if Optionee&#x2019;s employment with the Company or its subsidiaries is terminated on account of Optionee&#x2019;s Disability, and Optionee shall not have fully exercised the Option, the Option may be exercised at any time within 12 months after the date of Optionee&#x2019;s death or termination of employment because of Disability by the legal representative or, if applicable, guardian of Optionee or by any person to whom the Option is transferred by will or the applicable laws of descent and distribution to the extent of the full number of Shares Optionee was entitled to purchase under the Option on the date of death (or termination of his employment, if earlier) or termination of Optionee&#x2019;s employment because of Disability and subject to the condition that the Option shall not be exercisable after the expiration of its term.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt 36pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">

			<font style="display:inline;">2</font>

		</p>

</div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"><font style="display:inline;"></font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt;">
			<p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size:10pt;;"> 4.</font>
			</p>
		</td><td style="width:17pt;"><p style="width:17pt;width:17pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display:inline;font-weight:bold;font-size:10pt;">Definitions.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> (a)</font>
			<font style="display:inline;">For purposes of this Agreement, a &#x201C;Change in Control&#x201D; of the Company shall be deemed to have occurred if:</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:111pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 27pt 0pt 0pt;">I.</font>
			<font style="display:inline;font-size:10pt;">any &#x201C;person&#x201D; (as such term is used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended (the &#x201C;</font><font style="display:inline;font-style:italic;font-size:10pt;">Exchange</font><font style="display:inline;font-size:10pt;">&nbsp;</font><font style="display:inline;font-style:italic;font-size:10pt;">Act</font><font style="display:inline;font-size:10pt;">&#x201D;)) shall, together with his, her or its &#x201C;</font><font style="display:inline;font-style:italic;font-size:10pt;">Affiliates</font><font style="display:inline;font-size:10pt;">&#x201D; and &#x201C;</font><font style="display:inline;font-style:italic;font-size:10pt;">Associates</font><font style="display:inline;font-size:10pt;">&#x201D; (as such terms are defined in Rule 12b-2 promulgated under the Exchange Act), become the &#x201C;</font><font style="display:inline;font-style:italic;font-size:10pt;">Beneficial</font><font style="display:inline;font-size:10pt;">&nbsp;</font><font style="display:inline;font-style:italic;font-size:10pt;">Owner</font><font style="display:inline;font-size:10pt;">&#x201D; (as such term is defined in Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the Company&#x2019;s then outstanding securities (any such person being hereinafter referred to as an &#x201C;</font><font style="display:inline;font-style:italic;font-size:10pt;">Acquiring</font><font style="display:inline;font-size:10pt;">&nbsp;</font><font style="display:inline;font-style:italic;font-size:10pt;">Person</font><font style="display:inline;font-size:10pt;">&#x201D;); </font><font style="display:inline;font-weight:bold;font-style:italic;font-size:10pt;">&nbsp;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:109pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 27pt 0pt 0pt;">II.</font>
			<font style="display:inline;font-size:10pt;">the &#x201C;Continuing Directors&#x201D; (as hereinafter defined) shall cease to constitute a majority of the Company&#x2019;s Board of Director during a 12-month period s; or</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:107pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 27pt 0pt 0pt;">III.</font>
			<font style="display:inline;font-size:10pt;"> there should occur (A) any consolidation or merger involving the Company and the Company shall not be the continuing or surviving corporation or the shares of the Company&#x2019;s capital stock shall be converted into cash, securities or other property; </font><font style="display:inline;font-style:italic;font-size:10pt;">provided, however</font><font style="display:inline;font-size:10pt;">, that this subclause (A) shall not apply to a merger or consolidation in which (i) the Company is the surviving corporation and (ii) the stockholders of the Company immediately prior to the transaction have the same proportionate ownership of the capital stock of the surviving corporation immediately after the transaction; or (B) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all or substantially all of the assets of the Company.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> (b)</font>
			<font style="display:inline;">For purposes of this Agreement, a &#x201C;</font><font style="display:inline;font-style:italic;">Continuing Director</font><font style="display:inline;">&#x201D; shall mean any person who is a member of the Board of Directors of the Company, while such person is a member of the Board of Directors, who is not an Acquiring Person, an Affiliate or Associate of an Acquiring Person or a representative of an Acquiring Person or of any such Affiliate or Associate and who (i) was a member of the Company&#x2019;s Board of Directors on the date of grant of the Option, or (ii) subsequently became a member of the Board of Directors, upon the nomination or recommendation, or with the approval of, a majority of the Continuing Directors. </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 72pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 24pt 0pt 0pt;"> (c)</font>
			<font style="display:inline;">For purposes of this Agreement&nbsp;&#x201C;Substantial Cause&#x201D; shall have the meaning as defined in the Employment Agreement. &nbsp;</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;border-top:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> (d)</font>
			<font style="display:inline;">For purposes of this Agreement, the term &#x201C;Disability&#x201D; shall be defined in accordance with the meaning proscribed in Section 22(e)(3) of the Code.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt;">
			<p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size:10pt;;"> 5.</font>
			</p>
		</td><td style="width:17pt;"><p style="width:17pt;width:17pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display:inline;font-weight:bold;font-size:10pt;">Manner of Exercise</font><font style="display:inline;font-size:10pt;">.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;font-style:normal;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> (a)</font>
			<font style="display:inline;color:#000000;">The Option may only be exercised by Optionee or other proper party within the option term by delivering written notice of exercise to the Company at its principal executive office.&nbsp;&nbsp;The notice shall state the number of Shares as to which the Option is being exercised and shall be accompanied by payment in full of the exercise price for all of the Shares designated in the notice.</font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;font-style:normal;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> (b)</font>
			<font style="display:inline;color:#000000;">Payment of the exercise price shall be made by:</font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;border-bottom:1pt none #D9D9D9;font-size:10pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
			<font style="display:inline;color:#000000;">certified or bank cashier&#x2019;s check payable to the Company (cash);</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-size:10pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
			<font style="display:inline;color:#000000;">tender of shares of the Company&#x2019;s Common Stock, which, unless the Committee provides its consent, must have been, previously owned by Optionee, having a Fair Market Value on the date of exercise equal to the exercise price of the Option, or a combination of cash and shares equal to such exercise price;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;border-top:1pt none #D9D9D9;font-size:10pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
			<font style="display:inline;color:#000000;">attestation of the Company&#x2019;s Common Stock valued at Fair Market Value as of the date of exercise of the Option equal to the exercise price of the Option, or a combination of cash and shares equal to such exercise price; or</font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">

			<font style="display:inline;">3</font>

		</p>

</div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"><font style="display:inline;"></font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;font-size:10pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
			<font style="display:inline;color:#000000;"> net settlement of the Option, using a portion of the Shares to be obtained on exercise in payment of the exercise price of the Option (and, if applicable, any required minimum tax withholding or such greater amount permitted under FASB Accounting Standards Codification Topic 718, Compensation&#x2014;Stock Compensation, and amendments thereto, for equity-classified awards).</font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 27pt 0pt 0pt;"> 6.</font>
			<font style="display:inline;font-weight:bold;font-size:10pt;">Adjustments</font><font style="display:inline;font-size:10pt;">.&nbsp;&nbsp;In the event that any dividend or other distribution (whether in the form of cash, Common Stock, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split&#x2013;up, spin&#x2013;off, combination, repurchase or exchange of Common Stock or other securities of the Company, issuance of warrants or other rights to purchase Common Stock or other securities of the Company or other similar corporate transaction or event affects the Common Stock such that an adjustment is necessary in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under this Agreement, and all or any portion of the Option shall then be unexercised and not yet expired, then the Committee shall, in such manner as it may deem equitable, adjust (i) the number of Shares subject to the Option or (ii) the exercise price of the Option. </font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 27pt 0pt 0pt;"> 7.</font>
			<font style="display:inline;font-weight:bold;font-size:10pt;">Miscellaneous</font><font style="display:inline;font-size:10pt;">.</font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> (a)</font>
			<font style="display:inline;font-style:italic;">No Rights of Shareholders</font><font style="display:inline;color:#000000;">.&nbsp;&nbsp;Neither Optionee, &nbsp;Optionee&#x2019;s legal representative nor a permissible assignee of this Option shall have any of the rights and privileges of a shareholder of the Company with respect to the Shares, unless and until such Shares have been issued in the name of Optionee, &nbsp;Optionee&#x2019;s legal representative or permissible assignee, as applicable.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> (b)</font>
			<font style="display:inline;font-style:italic;">No Right to Continuance of Services</font><font style="display:inline;color:#000000;">.&nbsp;&nbsp;This Agreement shall not confer on Optionee any right with respect to the continuance of any relationship with the Company or any subsidiary of the Company, nor will it interfere in any way with the right of the Company to terminate such relationship at any time.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 24pt 0pt 0pt;"> (c)</font>
			<font style="display:inline;font-style:italic;">Notice</font><font style="display:inline;color:#000000;">. Any notice or other communication given pursuant to this Agreement shall be in writing and shall be personally delivered or mailed by United States registered or certified mail, or its non-US equivalent, postage prepaid, return receipt requested, to the Company at its principal place of business or to the Optionee at the address on the payroll records of the Company or, in either case, at such other address as one party may subsequently furnish to the other party in writing. Any such notice shall be deemed to have been given (a) on the date of postmark, in the case of notice by mail, or (b) on the date of delivery, if delivered in person.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> (d)</font>
			<font style="display:inline;font-style:italic;">No Liability of Committee Members</font><font style="display:inline;color:#000000;">. No member of the Compensation Committee shall be personally liable by reason of any contract or other instrument executed by such member or on his behalf in his capacity as a member of the Committee nor for any mistake of judgment made in good faith, and the Company shall indemnify and hold harmless each member of the Committee and each other employee, officer or director of the Company to whom any duty or power relating to the administration or interpretation of the Agreement may be allocated or delegated, against any cost or expense (including counsel fees) or liability (including any sum paid in settlement of a claim) arising out of any act or omission to act in connection with the Agreement unless arising out of such person&#x2019;s own fraud or willful bad faith; provided, however, that approval of the Board shall be required for the payment of any amount in settlement of a claim against any such person. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company&#x2019;s Articles of Incorporation or By-laws, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> (e)</font>
			<font style="display:inline;font-style:italic;">Administration</font><font style="display:inline;color:#000000;">. Any question concerning the interpretation of this Agreement or the Option, any adjustments required to be made to the Option hereunder, and any controversy that may arise with respect to the Option shall be determined by the Compensation Committee of the board of directors of the Company (the &#x201C;</font><font style="display:inline;font-style:italic;">Compensation Committee</font><font style="display:inline;color:#000000;">&#x201D;) in its sole and absolute discretion. All decisions by the Compensation Committee shall be final, binding and conclusive. The Compensation Committee may, in its sole discretion, establish any &#x201C;blackout&#x201D; period, during which transactions affecting the Option may not be effectuated, that it deems necessary or advisable.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 72pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">

			<font style="display:inline;">4</font>

		</p>

</div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"><font style="display:inline;"></font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 26pt 0pt 0pt;"> (f)</font>
			<font style="display:inline;font-style:italic;">Specified Employee Delay</font><font style="display:inline;color:#000000;">. To the extent any payment under this Agreement is considered &#x201C;deferred compensation&#x201D; as defined by Section 409A of the Code, such payment may not be made to a specified employee (as determined in accordance with a uniform policy adopted by the Company with respect to all arrangements subject to Section 409A of the Code) upon separation from service (as defined by Section 409A of the Code and applicable regulations) before the date that is six months after the specified employee&#x2019;s separation from service (or, if earlier, the specified employee&#x2019;s death). Any payment that would otherwise be made during this period of delay shall be accumulated and paid on the sixth month plus one day following the specified employee&#x2019;s separation from service (or, if earlier, as soon as administratively practicable after the specified employee&#x2019;s death).</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> (g)</font>
			<font style="display:inline;font-style:italic;">Governing Law</font><font style="display:inline;color:#000000;">.&nbsp;&nbsp;The validity, construction and effect of this Agreement, and any rules and regulations relating to this Agreement, shall be determined in accordance with the laws of the State of Minnesota.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> (h)</font>
			<font style="display:inline;font-style:italic;">Severability</font><font style="display:inline;color:#000000;">.&nbsp;&nbsp;If any provision of this Agreement is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction or would disqualify this Agreement under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be so construed or deemed amended without, in the determination of the Committee, materially altering the purpose or intent of this Agreement, such provision shall be stricken as to such jurisdiction or this Agreement, and the remainder of this Agreement shall remain in full force and effect. </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 26pt 0pt 0pt;"> (i)</font>
			<font style="display:inline;font-style:italic;">No Trust or Fund Created</font><font style="display:inline;color:#000000;">.&nbsp;&nbsp;This Agreement shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any affiliate and Optionee or any other person. </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 26pt 0pt 0pt;"> (j)</font>
			<font style="display:inline;font-style:italic;">Headings</font><font style="display:inline;color:#000000;">.&nbsp;&nbsp;Headings are given to the sections and subsections of this Agreement solely as a convenience to facilitate reference.&nbsp;&nbsp;Such headings shall not be deemed in any way material or relevant to the construction or interpretation of this Agreement or any provision thereof. </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 24pt 0pt 0pt;"> (k)</font>
			<font style="display:inline;font-style:italic;">Conditions Precedent to Issuance of Shares</font><font style="display:inline;color:#000000;">.&nbsp;&nbsp;Shares shall not be issued pursuant to the exercise of the Option unless such exercise and the issuance and delivery of the applicable Shares pursuant thereto shall comply with all relevant provisions of state and federal securities law, including, without limitation, the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, the rules and regulations promulgated thereunder, the requirements of the NASDAQ Global Market or any other applicable stock exchange and the Minnesota Business Corporation Act.&nbsp;&nbsp;As a condition to the exercise of the Option, the Company may require that the person exercising or paying the exercise price represent and warrant that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation and warranty is required by law. </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 26pt 0pt 0pt;"> (l)</font>
			<font style="display:inline;font-style:italic;">Withholding</font><font style="display:inline;color:#000000;">.&nbsp;&nbsp;In order to provide the Company with the opportunity to claim the benefit of any income tax deduction which may be available to it upon the exercise of the Option and in order to comply with all applicable federal or state income tax laws or regulations, the Company may take such action as it deems appropriate to assure that, if necessary, all applicable federal or state payroll, withholding, income or other taxes are withheld or collected from Optionee. &nbsp;</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt;">
			<p style="border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;font-style:normal;border-top:1pt none #D9D9D9;font-family:Times New Roman,Times,serif;font-size:10pt;;;padding:0pt 22pt 0pt 0pt;"> (m)</font>
			<font style="display:inline;font-style:italic;">Consultation With Professional Tax and Investment Advisors</font><font style="display:inline;color:#000000;">.&nbsp; Optionee acknowledges that the grant, exercise, vesting or any payment with respect to this Option, and the sale or other taxable disposition of the Shares acquired pursuant to the exercise thereof, may have tax consequences pursuant to the Code or under local, state or international tax laws. Optionee further acknowledges that such Optionee is relying solely and exclusively on Optionee&#x2019;s own professional tax and investment advisors with respect to any and all such matters (and is not relying, in any manner, on the Company or any of its employees or representatives). Finally, Optionee understands and agrees that any and all tax consequences resulting from this Option and its grant, exercise, vesting or any payment with respect thereto, and the sale or other taxable disposition of the Shares acquired pursuant to this Agreement, is solely and exclusively the responsibility of Optionee without any expectation or understanding that the Company or any of its employees or representatives will pay or reimburse such holder for such taxes or other items. </font></p></td></tr></table></div>
		<p style="margin:0pt;text-indent:36pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			&nbsp;
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">

			<font style="display:inline;">5</font>

		</p>

</div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:33.95pt;text-align:left"><font style="display:inline;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;font-weight:bold;">IN WITNESS WHEREOF</font><font style="display:inline;">, the parties hereto have caused this Agreement to be executed, effective as of the Effective Date.</font></font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-weight:bold;">AXOGEN, INC.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:95pt;"><font style="display:inline;">By: </font><font style="display:inline;text-decoration:underline;">/s/ Karen Zaderej</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;text-decoration:underline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;text-decoration:underline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:&nbsp;&nbsp;Karen Zaderej</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Its: CEO, President &amp; Chairman</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">Date: January 22, 2019</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-weight:bold;">OPTIONEE</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:38pt;"><font style="display:inline;text-decoration:underline;">/s/ Eric Sandberg</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;text-decoration:underline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;text-decoration:underline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">Eric Sandberg</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">Date: January 22, 2019</font>
		</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">

			&nbsp;

		</p>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>ex-99d1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!--HTML document created with Merrill Bridge  8.3.0.54-->
<!--Created on: 1/22/2019 3:24:10 PM-->
<html>
	<head>
		<title>
			Exhibit 99-1
		</title>
	</head>
	<body><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><div style="width:100%">

		<p style="margin:0pt;text-align:right;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 10pt;">

			<font style="display:inline;font-family:Times New Roman,Times,serif;">Exhibit 99.1</font>

		</p>

</div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p style="margin:0pt;text-align:left;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 10pt;">
			<font style="display:inline;"><img src="ex-99d1g001.jpg" style="width: 2.127388in; height: 0.6775525in" alt="axogen-inc-logo.jpg"></font>
		</p>
		<p style="margin:0pt;text-align:left;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;">
			<font style="font-family:Calibri;font-weight:bold;font-size:11pt;display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:center;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 16pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:16pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 63pt 0pt 58.5pt;line-height:115%;text-align:center;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 16pt;">
			<font style="font-family:Calibri;font-weight:bold;font-size:14pt;display:inline;font-family:Calibri;font-size:16pt;">AxoGen&nbsp;Appoints Eric Sandberg&nbsp;as&nbsp;</font>
		</p>
		<p style="margin:0pt 63pt 0pt 58.5pt;line-height:115%;text-align:center;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 16pt;">
			<font style="font-family:Calibri;font-weight:bold;font-size:14pt;display:inline;font-family:Calibri;font-size:16pt;">Chief Commercial Officer</font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:center;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:center;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;">
			<font style="font-family:Calibri;font-size:11pt;display:inline;font-style:italic;">Sandberg brings 25+ years of experience leading the commercialization of medical technologies</font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:left;border-top:1pt none #D9D9D9 ;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 10pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<p style="margin:5pt 0pt;line-height:115%;text-align:left;font-family:Calibri;punctuation-wrap:word-break;text-justify:inter-ideograph;font-size: 14pt;">
			<font style="font-family:Calibri;font-weight:bold;font-size:14pt;display:inline;font-family:Arial,Helvetica,sans-serif;font-size:11pt;">&nbsp;</font><font style="font-family:Calibri;font-weight:bold;font-size:11pt;display:inline;">ALACHUA, FL &#x2013; January 22, 2019 &#x2013; </font><font style="font-family:Calibri;font-size:11pt;display:inline;">AxoGen, Inc. (NASDAQ: AXGN), a global leader in developing and marketing innovative surgical solutions for damage or discontinuity to peripheral nerves, today <a name="_Hlk534358337"></a>announced the appointment of Eric Sandberg&nbsp;as&nbsp;Chief Commercial Officer. &nbsp;He is a proven executive with a 25+ year career leading the commercialization of medical technologies in both large corporations and start-up ventures. Sandberg has excelled at developing new markets, bringing new products to market, and leading successful sales and marketing organizations. </font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:115%;text-align:left;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-size:11pt;">&#x201C;We are excited to welcome Eric to our executive team; his&nbsp;breadth of commercialization experience and proven track record of execution will be invaluable as we introduce new applications and launch new products that expand and enhance our platform for nerve repair,&#x201D;&nbsp;commented Karen Zaderej, chairman, CEO, and president of AxoGen. &#x201C;Eric&#x2019;s executive leadership will be instrumental as &nbsp;AxoGen continues to transform peripheral nerve repair and create a new standard of care.&#x201D;</font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:left;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:left;border-top:1pt none #D9D9D9 ;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;">
			<a name="_Hlk534287681"></a><font style="display:inline;font-family:Calibri;color:#000000;font-size:11pt;text-decoration:none;">Sandberg has extensive leadership experience in commercializing medical technologies. He&nbsp;</font><font style="display:inline;font-family:Calibri;font-size:11pt;">held leadership positions across sales, marketing, corporate accounts, and business development during a 12 plus&nbsp;year career at medical device manufacturers Guidant Corporation and Boston Scientific.&nbsp;While at Guidant, Sandberg&nbsp;built and led commercial teams that challenged the standard of care with innovative new solutions;&nbsp;including the&nbsp;Company&#x2019;s first coronary stent system,&nbsp;which achieved market leadership in&nbsp;three months post launch and generated $700 million in sales within 15 months. He built and led the sales organization for CardioDx, a genomic diagnostic company, spearheading efforts to launch and create market demand for the company&#x2019;s inaugural product. As President and CEO for Tangent Medical Technologies, Sandberg led all aspects of the company as it commercialized an innovative IV catheter system. Most recently, he served as CEO for Visura Technologies, successfully leading the development, patenting, FDA process, and commercialization of a&nbsp;novel transesophageal echocardiography camera assist device system, and as Chief Business Officer of gene therapy company Rhythm Therapeutics. &nbsp;Sandberg&nbsp;earned an MBA from Harvard Business School&nbsp;and a Bachelor of Science degree from Bradley University. Sandberg will assume the duties of Jon Gingrich who will transition his responsibilities through his departure February 15, 2019.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 22.5pt;line-height:115%;text-indent:13.5pt;text-decoration:none;text-align:left;font-family:Arial,Helvetica,sans-serif;punctuation-wrap:word-break;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;font-size:10pt;text-decoration:none;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:left;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-size:11pt;">&#x201C;AxoGen has an outstanding culture of innovation and excellence, and I look forward to building upon the Company&#x2019;s strong foundation,&#x201D;&nbsp;commented Sandberg. &nbsp;&#x201C;AxoGen has a tremendous opportunity to improve outcomes and quality of life for patients suffering the debilitating effects of peripheral nerve damage, across a growing range of applications. I am thrilled to&nbsp;join the Company at this critical and </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><div style="width:100%">

		<p style="margin:0pt;text-align:right;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 10pt;">

			<font style="display:inline;font-family:Times New Roman,Times,serif;">Exhibit 99.1</font>

		</p>

</div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt;line-height:115%;text-align:left;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;"><font style="display:inline;font-family:Calibri;font-size:11pt;">exciting time, &nbsp;as we pursue and develop these markets.&#x201D; &nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:left;border-top:1pt none #D9D9D9 ;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 18pt;background-color: #FEFEFE;line-height:115%;text-align:left;font-family:Times New Roman,Times,serif;punctuation-wrap:word-break;text-justify:inter-ideograph;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-size:11pt;">Mr. Sandberg&#x2019;s employment began on January 21, 2019 pursuant to&nbsp;the terms of that&nbsp;certain employment agreement by and between Mr. Sandberg and the Company dated as of January 21, 2019 (the &#x201C;Sandberg Employment Agreement&#x201D;). In connection with his hiring, the Company granted&nbsp;Mr. Sandberg&nbsp;on January 22, 2019&nbsp;a stock option to purchase 45,000 shares of the Company&#x2019;s common stock with an exercise price that will be equal to the closing price per share of the Company&#x2019;s common stock as reported on the NASDAQ today (the &#x201C;Grant Date&#x201D;) as an inducement award (the &#x201C;Inducement Award&#x201D;). The Inducement Stock Option Award was approved by the Company&#x2019;s Compensation Committee of the Board of Directors in reliance on the employment inducement exception to shareholder approval provided under NASDAQ Stock Market Listing Rule 5635(c)(4) which requires public announcement of inducement awards and this release is being made to comply with such&nbsp;inducement award Listing Rules. </font>
		</p>
		<p style="margin:0pt 0pt 18pt;background-color: #FEFEFE;line-height:115%;text-align:left;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-size:11pt;">The Inducement Award will vest as to 50% of the shares after two years and 12.5% every six months thereafter until fully vested; provided, however, that such option shall automatically accelerate and become fully exercisable in the event that, following a Change in Control (as defined in the Sandberg Employment Agreement), Mr. Sandberg&nbsp;is terminated without &#x201C;Substantial Cause&#x201D; (as defined in the Sandberg Employment Agreement) within 6 months of the Change of Control or he resigns for &#x201C;Good Reason&#x201D; (as defined in the Sandberg&nbsp;Employment Agreement) within 90 days of the Change in Control. The Company intends to file a Form S-8 pursuant to the Securities Act of 1933, as amended, relating to Inducement Award.</font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:left;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:11pt;">About AxoGen</font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:left;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-size:11pt;">AxoGen (AXGN) is the leading company focused specifically on the science, development and commercialization of technologies for peripheral nerve regeneration and repair. We are passionate about helping to restore peripheral nerve function and quality of life to patients with physical damage or discontinuity to peripheral nerves by providing innovative, clinically proven and economically effective repair solutions for surgeons and health care providers. Peripheral nerves provide the pathways for both motor and sensory signals throughout the body. Every day, people suffer traumatic injuries or undergo surgical procedures that impact the function of their peripheral nerves.&nbsp;Physical damage to a peripheral nerve,</font><font style="display:inline;font-family:Calibri;">&nbsp;</font><font style="display:inline;font-family:Calibri;font-size:11pt;">or the inability to properly reconnect peripheral nerves, can result in the loss of muscle or organ function, the loss of sensory feeling, or the initiation of pain. </font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:left;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:left;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-size:11pt;">AxoGen's platform for peripheral nerve repair features a comprehensive portfolio of products, including Avance</font><font style="display:inline;font-family:Calibri;font-size:11pt;font-size:6pt;top:-4.4pt;position:relative;line-height:115%">&#xAE;</font><font style="display:inline;font-family:Calibri;font-size:11pt;"> Nerve Graft, a biologically active off-the-shelf&nbsp;processed human nerve allograft for bridging severed peripheral nerves without the comorbidities associated with a second surgical site;&nbsp;AxoGuard</font><font style="display:inline;font-family:Calibri;font-size:11pt;font-size:6pt;top:-4.4pt;position:relative;line-height:115%">&#xAE;</font><font style="display:inline;font-family:Calibri;font-size:11pt;"> Nerve Connector, a porcine submucosa extracellular matrix (ECM) coaptation aid for tensionless repair of severed peripheral nerves;&nbsp;AxoGuard</font><font style="display:inline;font-family:Calibri;font-size:11pt;font-size:6pt;top:-4.4pt;position:relative;line-height:115%">&#xAE;</font><font style="display:inline;font-family:Calibri;font-size:11pt;"> Nerve Protector, a porcine submucosa ECM product used to wrap and protect damaged peripheral nerves and reinforce the nerve reconstruction while preventing soft tissue attachments; and Avive</font><font style="display:inline;font-family:Calibri;font-size:11pt;font-size:6pt;top:-4.4pt;position:relative;line-height:115%">&#xAE;</font><font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;Soft Tissue Membrane, a minimally processed human umbilical cord membrane that may be used as a resorbable soft tissue covering to separate tissue layers and modulate inflammation in the surgical bed. Along with these core surgical products, AxoGen also offers AcroVal</font><font style="display:inline;font-family:Calibri;font-size:11pt;font-size:6pt;top:-4.4pt;position:relative;line-height:115%">&#xAE;</font><font style="display:inline;font-family:Calibri;font-size:11pt;"> Neurosensory &amp; Motor Testing System and AxoTouch</font><font style="display:inline;font-family:Calibri;font-size:11pt;font-size:6pt;top:-4.4pt;position:relative;line-height:115%">&#xAE;</font><font style="display:inline;font-family:Calibri;font-size:11pt;"> Two-Point Discriminator. These evaluation and measurement tools assist health care professionals in detecting changes in sensation, assessing return of </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><div style="width:100%">

		<p style="margin:0pt;text-align:right;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 10pt;">

			<font style="display:inline;font-family:Times New Roman,Times,serif;">Exhibit 99.1</font>

		</p>

</div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt;line-height:115%;text-align:left;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;"><font style="display:inline;font-family:Calibri;font-size:11pt;">sensory, grip, and pinch function, evaluating effective treatment interventions, and providing feedback to patients on peripheral nerve function. The AxoGen portfolio of products is available in the United States, Canada, the United Kingdom, and several other European and international countries.</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:115%;text-align:left;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:115%;text-align:left;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:11pt;">Cautionary Statements Concerning Forward-Looking Statements<br /></font><font style="display:inline;font-family:Calibri;font-size:11pt;">This Press Release contains &#x201C;forward-looking&#x201D; statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or predictions of future conditions, events, or results based on various assumptions and management's estimates of trends and economic factors in the markets in which we are active, as well as our business plans. Words such as &#x201C;expects,&#x201D; &#x201C;anticipates,&#x201D; &#x201C;intends,&#x201D; &#x201C;plans,&#x201D; &#x201C;believes,&#x201D; &#x201C;seeks,&#x201D; &#x201C;estimates,&#x201D; &#x201C;projects,&#x201D; &#x201C;forecasts,&#x201D; &#x201C;continue,&#x201D; &#x201C;may,&#x201D; &#x201C;should,&#x201D; &#x201C;will,&#x201D; and variations of such words and similar expressions are intended to identify such forward-looking statements. The forward-looking statements may include, without limitation, statements regarding our assessment on our internal control over financial reporting, our growth, our 2018 and 2019 guidance, product development, product potential, financial performance, sales growth, product adoption, market awareness of our products, data validation, our visibility at and sponsorship of conferences and educational events. The forward-looking statements are subject to risks and uncertainties, which may cause results to differ materially from those set forth in the statements. Forward-looking statements in this release should be evaluated together with the many uncertainties that affect AxoGen's business and its market, particularly those discussed in the risk factors and cautionary statements in AxoGen's filings with the Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from those projected. The forward-looking statements are representative only as of the date they are made and, except as required by law, AxoGen assumes no responsibility to update any forward-looking statements, whether as a result of new information, future events, or otherwise.</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9;border-left:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;border-right:1pt none #D9D9D9;line-height:115%;border-bottom-style:solid;border-bottom-width:1pt;font-family:Calibri;color:#000000;punctuation-wrap:word-break;text-align:justify;text-justify:inter-ideograph;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:115%;punctuation-wrap:word-break;text-align:justify;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:11pt;">Contacts:</font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:left;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-size:11pt;">AxoGen, Inc.<br />Kaila Krum, VP, Investor Relations and Corporate Development<br /></font><font style="display:inline;"><a href="#"><font style="font-family:Calibri;font-size:11pt;">kkrum@AxoGenInc.com</font></a></font><font style="display:inline;font-family:Calibri;font-size:11pt;"></font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:left;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:left;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-size:11pt;">Solebury Trout<br />Brian Korb&nbsp;<br />646.378.2923<br />bkorb@troutgroup.com</font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:left;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:left;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:left;text-decoration:underline;font-family:Arial,Helvetica,sans-serif;punctuation-wrap:word-break;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:left;color:#0000FF;punctuation-wrap:word-break;text-justify:inter-ideograph;font-family:Batang;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
