CASSAVA SCIENCES INC
EX-10.1
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>sava-20221013xex10_1.htm
<DESCRIPTION>EX-10.1
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			Exhibit 101 - Offer Letter Chris Cook
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			<font style="display: inline;font-family:Calibri;font-weight:bold;color:#C00000;">PERSONAL AND C</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#C00000;">ONFIDENTIAL</font>

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			<font style="display: inline;font-family:Calibri;font-size:12pt;">October 12, 2022</font>
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			<a name="_Hlk103954165"></a><font style="display: inline;font-family:Calibri;">Mr. </font><font style="display: inline;font-family:Calibri;">R. Christopher Cook</font>
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			<font style="display: inline;font-family:Calibri;font-size:12pt;">Dear </font><font style="display: inline;font-family:Calibri;font-size:12pt;">Chris</font><font style="display: inline;font-family:Calibri;font-size:12pt;">:</font>
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			<font style="display: inline;font-family:Calibri;font-size:12pt;">On behalf of </font><font style="display: inline;font-family:Calibri;font-size:12pt;">the Board of Directors of </font><font style="display: inline;font-family:Calibri;font-size:12pt;">Cassava Science</font><font style="display: inline;font-family:Calibri;font-size:12pt;">s</font><font style="display: inline;font-family:Calibri;font-size:12pt;">, Inc.</font><font style="display: inline;font-family:Calibri;font-size:12pt;">, &nbsp;</font><font style="display: inline;font-family:Calibri;font-size:12pt;">(the &#x201C;Company&#x201D;) </font><font style="display: inline;font-family:Calibri;font-size:12pt;">I &nbsp;</font><font style="display: inline;font-family:Calibri;font-size:12pt;">am pleased to </font><font style="display: inline;font-family:Calibri;font-size:12pt;">extend </font><font style="display: inline;font-family:Calibri;font-size:12pt;">you </font><font style="display: inline;font-family:Calibri;font-size:12pt;">an </font><font style="display: inline;font-family:Calibri;font-size:12pt;">offer </font><font style="display: inline;font-family:Calibri;font-size:12pt;">of employment</font><font style="display: inline;font-family:Calibri;font-size:12pt;">&nbsp;</font><font style="display: inline;font-family:Calibri;font-size:12pt;">as</font><font style="display: inline;font-family:Calibri;font-size:12pt;">&nbsp;</font><font style="display: inline;font-family:Calibri;font-weight:bold;font-size:12pt;">Senior </font><font style="display: inline;font-family:Calibri;font-weight:bold;font-size:12pt;">VP</font><font style="display: inline;font-family:Calibri;font-weight:bold;font-size:12pt;"> and </font><font style="display: inline;font-family:Calibri;font-weight:bold;font-size:12pt;">General Counsel</font><font style="display: inline;font-family:Calibri;font-size:12pt;"> (&#x201C;GC&#x201D;)</font><font style="display: inline;font-family:Calibri;font-size:12pt;">, an </font><font style="display: inline;font-family:Calibri;font-size:12pt;">o</font><font style="display: inline;font-family:Calibri;font-size:12pt;">fficer</font><font style="display: inline;font-family:Calibri;font-size:12pt;">-level</font><font style="display: inline;font-family:Calibri;font-size:12pt;"> position.</font><font style="display: inline;font-family:Calibri;font-size:12pt;">&nbsp;</font><font style="display: inline;font-family:Calibri;font-size:12pt;">This </font><font style="display: inline;font-family:Calibri;font-size:12pt;">L</font><font style="display: inline;font-family:Calibri;font-size:12pt;">etter </font><font style="display: inline;font-family:Calibri;font-size:12pt;">A</font><font style="display: inline;font-family:Calibri;font-size:12pt;">greement</font><font style="display: inline;font-family:Calibri;font-size:12pt;"> is</font><font style="display: inline;font-family:Calibri;font-size:12pt;"> intended </font><font style="display: inline;font-family:Calibri;font-size:12pt;">to </font><font style="display: inline;font-family:Calibri;font-size:12pt;">set </font><font style="display: inline;font-family:Calibri;font-size:12pt;">forth </font><font style="display: inline;font-family:Calibri;font-size:12pt;">the terms and conditions of your new employment</font><font style="display: inline;font-family:Calibri;font-size:12pt;"> with the Company.</font>
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			<font style="display: inline;font-family:Calibri;font-size:12pt;">As GC, you will report to Remi Barbier, Chairman of the Board, President &amp; CEO. During your employment with the Company, you agree to devote your full business time and your best efforts, business judgment, skill, and knowledge exclusively to the advancement of the business and interests of the Company and to the discharge of your duties and responsibilities for it, provided, however, it is agreed that you may serve on outside boards (with prior </font><font style="display: inline;font-family:Calibri;font-size:12pt;">written </font><font style="display: inline;font-family:Calibri;font-size:12pt;">notice to and </font><font style="display: inline;font-family:Calibri;font-size:12pt;">written </font><font style="display: inline;font-family:Calibri;font-size:12pt;">approval by the </font><font style="display: inline;font-family:Calibri;font-size:12pt;">CEO</font><font style="display: inline;font-family:Calibri;font-size:12pt;">), participate in charitable and civic organizations, and manage your personal investments to the extent such activities do not interfere with your duties and responsibilities to the Company.</font>
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			<font style="display: inline;font-family:Calibri;font-size:12pt;">As GC, you will have </font><font style="display: inline;font-family:Calibri;font-size:12pt;">broad</font><font style="display: inline;font-family:Calibri;font-size:12pt;"> duties and responsibilities that are consistent with the role of</font><font style="display: inline;font-family:Calibri;font-size:12pt;"> the highest </font><font style="display: inline;font-family:Calibri;font-size:12pt;">legal </font><font style="display: inline;font-family:Calibri;font-size:12pt;">o</font><font style="display: inline;font-family:Calibri;font-size:12pt;">fficer</font><font style="display: inline;font-family:Calibri;font-size:12pt;"> of </font><font style="display: inline;font-family:Calibri;font-size:12pt;">Cassava Sciences</font><font style="display: inline;font-family:Calibri;font-size:12pt;">.</font><font style="display: inline;font-family:Calibri;font-size:12pt;"> Examples of such duties may include providing </font><font style="display: inline;font-family:Calibri;font-size:12pt;">legal</font><font style="display: inline;font-family:Calibri;font-size:12pt;"> counsel and guidance to the </font><font style="display: inline;font-family:Calibri;font-size:12pt;">Company and its managers</font><font style="display: inline;font-family:Calibri;font-size:12pt;"> on a variety of legal and policy matters; developing legal strategies and solutions; reviewing </font><font style="display: inline;font-family:Calibri;font-size:12pt;">contracts, </font><font style="display: inline;font-family:Calibri;font-size:12pt;">policies, procedures, regulations, bylaws and other legal documents; managing outside counsel to handle claims and litigation;</font><font style="display: inline;font-family:Calibri;font-size:12pt;"> provid</font><font style="display: inline;font-family:Calibri;font-size:12pt;">ing</font><font style="display: inline;font-family:Calibri;font-size:12pt;"> strategic and tactical guidance on matters related to the Company&#x2019;s affairs;</font><font style="display: inline;font-family:Calibri;font-size:12pt;"> maintaining professional growth and development to keep abreast of latest </font><font style="display: inline;font-family:Calibri;font-size:12pt;">developments in legal </font><font style="display: inline;font-family:Calibri;font-size:12pt;">areas</font><font style="display: inline;font-family:Calibri;font-size:12pt;">; &nbsp;</font><font style="display: inline;font-family:Calibri;font-size:12pt;">and other </font><font style="display: inline;font-family:Calibri;font-size:12pt;">duties and </font><font style="display: inline;font-family:Calibri;font-size:12pt;">responsibilities</font><font style="display: inline;font-family:Calibri;font-size:12pt;">, as </font><font style="display: inline;font-family:Calibri;font-size:12pt;">assigned to you by the CEO or</font><font style="display: inline;font-family:Calibri;font-size:12pt;">&nbsp;</font><font style="display: inline;font-family:Calibri;font-size:12pt;">by </font><font style="display: inline;font-family:Calibri;font-size:12pt;">the Company&#x2019;s Board of Director</font><font style="display: inline;font-family:Calibri;font-size:12pt;">s</font><font style="display: inline;font-family:Calibri;font-size:12pt;">.</font>
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			<font style="display: inline;font-family:Calibri;font-size:12pt;">Your base salary will be</font><font style="display: inline;font-family:Calibri;font-size:12pt;"> four hundred and twenty-five thousand dollars ($425,000)</font><font style="display: inline;font-family:Calibri;font-size:12pt;">&nbsp;</font><font style="display: inline;font-family:Calibri;font-size:12pt;">per </font><font style="display: inline;font-family:Calibri;font-size:12pt;">calendar </font><font style="display: inline;font-family:Calibri;font-size:12pt;">year, paid bi-monthly.</font><font style="display: inline;font-family:Calibri;font-size:12pt;">&nbsp;</font><font style="display: inline;font-family:Calibri;font-size:12pt;">Y</font><font style="display: inline;font-family:Calibri;font-size:12pt;">our </font><font style="display: inline;font-family:Calibri;font-size:12pt;">cash</font><font style="display: inline;font-family:Calibri;font-size:12pt;">&nbsp;</font><font style="display: inline;font-family:Calibri;font-size:12pt;">compensation </font><font style="display: inline;font-family:Calibri;font-size:12pt;">is</font><font style="display: inline;font-family:Calibri;font-size:12pt;"> subject to deduction and </font>
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			<font style="display: inline;font-family:Calibri;font-weight:bold;color:#C00000;">PERSONAL AND C</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#C00000;">ONFIDENTIAL</font>

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		<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;punctuation-wrap:hanging;line-height:100%;;font-size: 12pt"><font style="display: inline;font-family:Calibri;font-size:12pt;">withholding authorized or required by applicable law. </font><font style="display: inline;font-family:Calibri;font-size:12pt;">Your base salary will be subject to review from time to time</font><font style="display: inline;font-family:Calibri;font-size:12pt;">. S</font><font style="display: inline;font-family:Calibri;font-size:12pt;">alary adjustments may be made based upon the Company&#x2019;s compensation review practices and in the Company&#x2019;s sole discretion. In addition, </font><font style="display: inline;font-family:Calibri;font-size:12pt;">from time to time </font><font style="display: inline;font-family:Calibri;font-size:12pt;">the Company may</font><font style="display: inline;font-family:Calibri;font-size:12pt;"> grant you</font><font style="display: inline;font-family:Calibri;font-size:12pt;">, in its sole discretion, discretionary </font><font style="display: inline;font-family:Calibri;font-size:12pt;">cash </font><font style="display: inline;font-family:Calibri;font-size:12pt;">bonus amounts</font><font style="display: inline;font-family:Calibri;font-size:12pt;">.</font>
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			<font style="display: inline;font-family:Calibri;">You will be granted a stock option to purchase</font><font style="display: inline;font-family:Calibri;"> one hundred thousand (100,000) </font><font style="display: inline;font-family:Calibri;">shares of Common Stock</font><font style="display: inline;font-family:Calibri;">.</font><font style="display: inline;font-family:Calibri;"> Options vest monthly and equally over 48 months. </font><font style="display: inline;font-family:Calibri;">Vesting for your stock option </font><font style="display: inline;font-family:Calibri;">will </font><font style="display: inline;font-family:Calibri;">start on your first day of full-time employment</font><font style="display: inline;font-family:Calibri;"> with the Company</font><font style="display: inline;font-family:Calibri;">. &nbsp;</font><font style="display: inline;font-family:Calibri;">The strike price of your stock option will be priced on the closing price of </font><font style="display: inline;font-family:Calibri;">the</font><font style="display: inline;font-family:Calibri;"> first day of your full-time employment with the Company. </font><font style="display: inline;font-family:Calibri;">Your stock option will be issued pursuant to the &#x2018;2018 Omnibus Equity Incentive Plan&#x2019; and will be subject to all terms and conditions set forth in the agreement covering your stock option.</font><font style="display: inline;font-family:Calibri;"> From time</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">to</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">time </font><font style="display: inline;font-family:Calibri;">the Company may grant you, in its sole discretion, </font><font style="display: inline;font-family:Calibri;">additional stock options or other types of equity-based compensation.</font>
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			<font style="display: inline;font-family:Calibri;font-size:12pt;">You will be eligible to receive welfare benefits </font><font style="display: inline;font-family:Calibri;font-size:12pt;">on the same terms and conditions as generally available to other o</font><font style="display: inline;font-family:Calibri;font-size:12pt;">fficers of </font><font style="display: inline;font-family:Calibri;font-size:12pt;">Cassava Sciences</font><font style="display: inline;font-family:Calibri;font-size:12pt;">, such as medical, life insurance, disability or other health benefits. </font>
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		<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;punctuation-wrap:hanging;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">You agree to relocate to the Austin, Texas area as soon as practical but in any event no later than </font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">December 1,</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;"> 202</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">2</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">. &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;punctuation-wrap:hanging;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">&#xFEFF;</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;punctuation-wrap:hanging;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">In the event you are unable or unwilling to relocate to Austin, your position may be eliminated, in which case you may no longer be constructively employed by Cassava Sciences and will not be provided a severance package.</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">&nbsp;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">You are also eligible to receive a one-time, </font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">forty</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;"> thousand-dollar ($</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">4</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">0,000) relocation </font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">package</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">. This relocation </font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">package</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;"> constitutes the entire financial assistance Cassava Sciences will provide you regarding relocation. Such </font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">amount</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;"> will be paid to you </font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">approximately three months </font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">after your </font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">first date of full-time employment with the Company</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">, net of any withholdings required by law. Should you terminate employment with Cassava Sciences within one year of </font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">your first date of full-time employment with the Company,</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">&nbsp;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:12pt;">you agree to reimburse the entire relocation bonus on your last day of full-time employment with Cassava Sciences.</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;punctuation-wrap:hanging;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;font-size:12pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;punctuation-wrap:hanging;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;font-size:12pt;">Other</font><font style="display: inline;font-family:Calibri;font-size:12pt;"> key</font><font style="display: inline;font-family:Calibri;font-size:12pt;"> terms of this </font><font style="display: inline;font-family:Calibri;font-size:12pt;">o</font><font style="display: inline;font-family:Calibri;font-size:12pt;">ffer of </font><font style="display: inline;font-family:Calibri;font-size:12pt;">e</font><font style="display: inline;font-family:Calibri;font-size:12pt;">mployment are outlined below:</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">1.</font><font style="display: inline;font-family:Calibri;;font-size: 12pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 10.8pt 0pt 0pt;"></font><font style="display: inline;font-family:Calibri;"></font><font style="display: inline;font-family:Calibri;">A proposed full-time start date is </font><font style="display: inline;font-family:Calibri;">no later than </font><font style="display: inline;font-family:Calibri;">Thursday</font><font style="display: inline;font-family:Calibri;">, &nbsp;</font><font style="display: inline;font-family:Calibri;">December 1,</font><font style="display: inline;font-family:Calibri;"> 2022.</font><font style="display: inline;font-family:Calibri;"> Of course, an earlier start date is acceptable and welcomed.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 18pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">2.</font><font style="display: inline;font-family:Calibri;;font-size: 12pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 10.8pt 0pt 0pt;"></font><font style="display: inline;font-family:Calibri;"></font><font style="display: inline;font-family:Calibri;">An integral part of this position is the</font><font style="display: inline;font-family:Calibri;"> ability to </font><font style="display: inline;font-family:Calibri;">travel</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">as needed</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">without restrictions</font><font style="display: inline;font-family:Calibri;">.</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">Please inform </font><font style="display: inline;font-family:Calibri;">me immediately </font><font style="display: inline;font-family:Calibri;">in writing if you are aware of any </font><font style="display: inline;font-family:Calibri;">personal or other </font><font style="display: inline;font-family:Calibri;">restrictions that may impede your ability to engage in air </font><font style="display: inline;font-family:Calibri;">travel or other forms of </font><font style="display: inline;font-family:Calibri;">overnight </font><font style="display: inline;font-family:Calibri;">travel from time</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">to</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">time</font><font style="display: inline;font-family:Calibri;">, including overseas travel.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 18pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 0pt 36pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 10pt">

			<font style="display: inline;font-family:Calibri;font-size:10pt;">Page </font><font style="display: inline;font-family:Calibri;font-size:10pt;"></font><font style="display: inline;font-family:Calibri;font-size:10pt;">2</font><font style="display: inline;font-family:Calibri;font-size:10pt;"></font><font style="display: inline;font-family:Calibri;font-size:10pt;"> of </font><font style="display: inline;font-family:Calibri;font-size:10pt;"></font><font style="display: inline;font-family:Calibri;font-size:10pt;">3</font><font style="display: inline;font-family:Calibri;font-size:10pt;"></font>

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		<p style="margin:0pt;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">

			&nbsp;

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</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:center;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">

			<font style="display: inline;font-family:Calibri;font-weight:bold;color:#C00000;">PERSONAL AND C</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#C00000;">ONFIDENTIAL</font>

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</div>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;;font-size: 12pt"><font style="display: inline;font-family:Calibri;">3.</font><font style="display: inline;font-family:Calibri;;font-size: 12pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 10.8pt 0pt 0pt;"></font><font style="display: inline;font-family:Calibri;"></font><font style="display: inline;font-family:Calibri;">As an </font><font style="display: inline;font-family:Calibri;">O</font><font style="display: inline;font-family:Calibri;">fficer of Cassava Sciences, </font><font style="display: inline;font-family:Calibri;">you will not accrue, and the Company will not record, any specific amount of vacation time or time off. The ability to take paid time off is not intended to be a form of additional wages for services performed. Rather it is part of an effort to provide you with the benefits of a flexible work schedule. You are encouraged to rest </font><font style="display: inline;font-family:Calibri;">and</font><font style="display: inline;font-family:Calibri;"> rejuvenate as your work responsibilities allow. There are no consequences for taking time off, or for failing to take time off.&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 0pt 18pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">4.</font><font style="display: inline;font-family:Calibri;;font-size: 12pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 10.8pt 0pt 0pt;"></font><font style="display: inline;font-family:Calibri;"></font><font style="display: inline;font-family:Calibri;">Cassava Sciences</font><font style="display: inline;font-family:Calibri;"> will promptly reimburse your business and travel expenses</font><font style="display: inline;font-family:Calibri;"> in accordance with the Company&#x2019;s expense reimbursement policies.</font><font style="display: inline;font-family:Calibri;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;font-family:Calibri;punctuation-wrap:hanging;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;font-size:12pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">5.</font><font style="display: inline;font-family:Calibri;;font-size: 12pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 10.8pt 0pt 0pt;"></font><font style="display: inline;font-family:Calibri;"></font><font style="display: inline;font-family:Calibri;">In</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">the event your employment with Cassava Sciences is terminated without cause after your initial </font><font style="display: inline;font-family:Calibri;">six (</font><font style="display: inline;font-family:Calibri;">6</font><font style="display: inline;font-family:Calibri;">)</font><font style="display: inline;font-family:Calibri;"> months of employment, or in the event a &#x201C;constructive dismissal&#x201D; occurs at any time during your employment, you will be paid your regular base salary, and you will continue to receive employment benefits, for a period of </font><font style="display: inline;font-family:Calibri;">three (</font><font style="display: inline;font-family:Calibri;">3</font><font style="display: inline;font-family:Calibri;">)</font><font style="display: inline;font-family:Calibri;"> months following your last date of employment at the Company, or the date upon which you commence employment with another entity, </font><font style="display: inline;font-family:Calibri;font-style:italic;">provided, however</font><font style="display: inline;font-family:Calibri;">, you sign and do not revoke an employment separation and release agreement. </font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;font-family:Calibri;punctuation-wrap:hanging;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;font-size:12pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">6.</font><font style="display: inline;font-family:Calibri;;font-size: 12pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 10.8pt 0pt 0pt;"></font><font style="display: inline;font-family:Calibri;"></font><font style="display: inline;font-family:Calibri;">In the event your employment with Cassava Sciences is terminated without cause after a &#x201C;Change in Control&#x201D; (as defined herein) you will be paid your regular base salary, and you will continue to receive employment benefits, for a period of </font><font style="display: inline;font-family:Calibri;">twelve (</font><font style="display: inline;font-family:Calibri;">12</font><font style="display: inline;font-family:Calibri;">)</font><font style="display: inline;font-family:Calibri;"> months following your last date of employment with the Company. A &#x2018;Change-in-Control&#x2019; means the acquisition of </font><font style="display: inline;font-family:Calibri;">fifty-one percent (</font><font style="display: inline;font-family:Calibri;">51%</font><font style="display: inline;font-family:Calibri;">)</font><font style="display: inline;font-family:Calibri;"> or more of Cassava Sciences&#x2019; then outstanding shares at the time of a Change-in-Control transaction, </font><font style="display: inline;font-family:Calibri;font-style:italic;">provided, however</font><font style="display: inline;font-family:Calibri;">, &nbsp;</font><font style="display: inline;font-family:Calibri;">that </font><font style="display: inline;font-family:Calibri;">you sign and do not revoke an employment separation and release agreement, and </font><font style="display: inline;font-family:Calibri;font-style:italic;">further</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;font-style:italic;">provided, however</font><font style="display: inline;font-family:Calibri;">, that for purposes of this Paragraph 6, raising capital through the issuance of equity by the Company shall not constitute a Change-in-Control</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;font-family:Calibri;punctuation-wrap:hanging;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;font-size:12pt;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 0pt 36pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">7.</font><font style="display: inline;font-family:Calibri;;font-size: 12pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 10.8pt 0pt 0pt;"></font><font style="display: inline;font-family:Calibri;"></font><font style="display: inline;font-family:Calibri;font-weight:bold;">Y</font><font style="display: inline;font-family:Calibri;font-weight:bold;">ou</font><font style="display: inline;font-family:Calibri;font-weight:bold;"> acknowledge and agree that your</font><font style="display: inline;font-family:Calibri;font-weight:bold;"> employment with </font><font style="display: inline;font-family:Calibri;font-weight:bold;">Cassava Sciences</font><font style="display: inline;font-family:Calibri;font-weight:bold;">&nbsp;</font><font style="display: inline;font-family:Calibri;font-weight:bold;">is for no specified time and constitutes</font><font style="display: inline;font-family:Calibri;font-weight:bold;"> &#x201C;at-will&#x201D;</font><font style="display: inline;font-family:Calibri;font-weight:bold;">&nbsp;</font><font style="display: inline;font-family:Calibri;font-weight:bold;">employment</font><font style="display: inline;font-family:Calibri;font-weight:bold;">.</font><font style="display: inline;font-family:Calibri;"> &nbsp;As a result, you are free to resign at any time</font><font style="display: inline;font-family:Calibri;">,</font><font style="display: inline;font-family:Calibri;"> for any reason</font><font style="display: inline;font-family:Calibri;">. In</font><font style="display: inline;font-family:Calibri;"> the event of resignation, </font><font style="display: inline;font-family:Calibri;">please</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">provide </font><font style="display: inline;font-family:Calibri;">at least </font><font style="display: inline;font-family:Calibri;">three</font><font style="display: inline;font-family:Calibri;"> weeks</font><font style="display: inline;font-family:Calibri;">&#x2019;</font><font style="display: inline;font-family:Calibri;"> notice in order to effect a smooth transition of the Company&#x2019;s affairs.</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">Similarly, </font><font style="display: inline;font-family:Calibri;">the Company</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">is free to conclude its employment relationship with you at any </font><font style="display: inline;font-family:Calibri;">time and</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">reserves the right to make personnel decisions regarding your employment, including but not limited to, promotions, salary adjustment, scope of responsibilities, transfer </font><font style="display: inline;font-family:Calibri;">or</font><font style="display: inline;font-family:Calibri;"> termination</font><font style="display: inline;font-family:Calibri;">, &nbsp;</font><font style="display: inline;font-family:Calibri;">consistent with </font><font style="display: inline;font-family:Calibri;">the Company&#x2019;s</font><font style="display: inline;font-family:Calibri;"> needs.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 0pt 36pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">8.</font><font style="display: inline;font-family:Calibri;;font-size: 12pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 10.8pt 0pt 0pt;"></font><font style="display: inline;font-family:Calibri;"></font><font style="display: inline;font-family:Calibri;">You and </font><font style="display: inline;font-family:Calibri;">Cassava Sciences </font><font style="display: inline;font-family:Calibri;">shall attempt in good faith to resolve any dispute or claim</font><font style="display: inline;font-family:Calibri;"> arising out of your employment</font><font style="display: inline;font-family:Calibri;">,</font><font style="display: inline;font-family:Calibri;"> or its termination</font><font style="display: inline;font-family:Calibri;">,</font><font style="display: inline;font-family:Calibri;"> through discussion, evaluation, negotiation</font><font style="display: inline;font-family:Calibri;"> and</font><font style="display: inline;font-family:Calibri;"> conciliation</font><font style="display: inline;font-family:Calibri;">.</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;"> If a dispute cannot be amicably settled </font>
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		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 10pt">

			<font style="display: inline;font-family:Calibri;font-size:10pt;">Page </font><font style="display: inline;font-family:Calibri;font-size:10pt;"></font><font style="display: inline;font-family:Calibri;font-size:10pt;">3</font><font style="display: inline;font-family:Calibri;font-size:10pt;"></font><font style="display: inline;font-family:Calibri;font-size:10pt;"> of </font><font style="display: inline;font-family:Calibri;font-size:10pt;"></font><font style="display: inline;font-family:Calibri;font-size:10pt;">3</font><font style="display: inline;font-family:Calibri;font-size:10pt;"></font>

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			<font style="display: inline;font-family:Calibri;font-weight:bold;color:#C00000;">PERSONAL AND C</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#C00000;">ONFIDENTIAL</font>

		</p>

</div>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt"><font style="display: inline;font-family:Calibri;">within six-weeks from the date on which a party has served written notice to the other party of a dispute, then the matter </font><font style="display: inline;font-family:Calibri;">shall be submitted to binding arbitration before a neutral arbitrator in Texas, except where Texas law specifically forbids the use of arbitration as a final and binding remedy.&nbsp;&nbsp;In the event of arbitration or other legal action, each party shall bear its own </font><font style="display: inline;font-family:Calibri;">fees and </font><font style="display: inline;font-family:Calibri;">expenses.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">9.</font><font style="display: inline;font-family:Calibri;;font-size: 12pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 10.8pt 0pt 0pt;"></font><font style="display: inline;font-family:Calibri;"></font><font style="display: inline;font-family:Calibri;">You understand and agree this is an offer of full-time and exclusive </font><font style="display: inline;font-family:Calibri;">employment </font><font style="display: inline;font-family:Calibri;">for </font><font style="display: inline;font-family:Calibri;">Cassava Sciences </font><font style="display: inline;font-family:Calibri;">and is office-</font><font style="display: inline;font-family:Calibri;">based</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">in Austin, TX</font><font style="display: inline;font-family:Calibri;">.</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">You</font><font style="display: inline;font-family:Calibri;"> may not consult or provide professional </font><font style="display: inline;font-family:Calibri;">services, with or without compensation,</font><font style="display: inline;font-family:Calibri;"> to </font><font style="display: inline;font-family:Calibri;">any </font><font style="display: inline;font-family:Calibri;">third </font><font style="display: inline;font-family:Calibri;">party</font><font style="display: inline;font-family:Calibri;"> at any time during your employment with </font><font style="display: inline;font-family:Calibri;">the Company</font><font style="display: inline;font-family:Calibri;">.</font><font style="display: inline;font-family:Calibri;"> If you wish to request consent to provide services (for any or no form of compensation) to any other person or business entity while employed by </font><font style="display: inline;font-family:Calibri;">the Company</font><font style="display: inline;font-family:Calibri;">, you must first receive </font><font style="display: inline;font-family:Calibri;">express </font><font style="display: inline;font-family:Calibri;">written permission from the </font><font style="display: inline;font-family:Calibri;">CEO</font><font style="display: inline;font-family:Calibri;">, which may be withheld</font><font style="display: inline;font-family:Calibri;">.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 18pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">10.</font><font style="display: inline;font-family:Calibri;;font-size: 12pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 7.2pt 0pt 0pt;"></font><font style="display: inline;font-family:Calibri;"></font><font style="display: inline;font-family:Calibri;">You represent to </font><font style="display: inline;font-family:Calibri;">Cassava Sciences</font><font style="display: inline;font-family:Calibri;"> that you are not subject to any commitment</font><font style="display: inline;font-family:Calibri;"> or</font><font style="display: inline;font-family:Calibri;"> obligation that would </font><font style="display: inline;font-family:Calibri;">legally or ethically </font><font style="display: inline;font-family:Calibri;">prevent you </font><font style="display: inline;font-family:Calibri;">from </font><font style="display: inline;font-family:Calibri;">accepting </font><font style="display: inline;font-family:Calibri;">this offer of </font><font style="display: inline;font-family:Calibri;">employment</font><font style="display: inline;font-family:Calibri;">, or that may in any way interfere or restrict you from </font><font style="display: inline;font-family:Calibri;">performing the duties and responsibilities contemplated in this </font><font style="display: inline;font-family:Calibri;">Letter </font><font style="display: inline;font-family:Calibri;">Agreement. You further acknowledge that the Company has directed you to not misappropriate any confidential information or trade secrets from any prior employer or third party for use in the performance of your duties and responsibilities with </font><font style="display: inline;font-family:Calibri;">the Company.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 18pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">11.</font><font style="display: inline;font-family:Calibri;;font-size: 12pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 7.2pt 0pt 0pt;"></font><font style="display: inline;font-family:Calibri;"></font><font style="display: inline;font-family:Calibri;">You agree to </font><font style="display: inline;font-family:Calibri;">review and </font><font style="display: inline;font-family:Calibri;">sign a &#x201C;CONFIDENTIAL INFORMATION AND INVENTION ASSIGNMENT AGREEMENT&#x201D;</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">(attached).</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;font-family:Calibri;punctuation-wrap:hanging;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;font-size:12pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">12.</font><font style="display: inline;font-family:Calibri;;font-size: 12pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 7.2pt 0pt 0pt;"></font><font style="display: inline;font-family:Calibri;"></font><font style="display: inline;font-family:Calibri;">You agree to acknowledge in writing that you have read and understand the Company&#x2019;s &#x201C;INSIDER TRADING COMPLIANCE PROGRAM&#x201D; (attached).</font>
		</p>
		<p style="margin:0pt 0pt 0pt 18pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">13.</font><font style="display: inline;font-family:Calibri;;font-size: 12pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 7.2pt 0pt 0pt;"></font><font style="display: inline;font-family:Calibri;"></font><font style="display: inline;font-family:Calibri;">This offer expires</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">on </font><font style="display: inline;font-family:Calibri;">Thursday, October 27, 2022</font><font style="display: inline;font-family:Calibri;">,</font><font style="display: inline;font-family:Calibri;"> unless signed by you and received by </font><font style="display: inline;font-family:Calibri;">Cassava Sciences </font><font style="display: inline;font-family:Calibri;">before then.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">Finally, please note that all e</font><font style="display: inline;font-family:Calibri;">mployees of Cassava Sciences are fully vaccinated against Covid-19. Prior to your start date you may be required to show evidence that you have received a Covid-19 vaccine or have a valid religious or medical reason not to be vaccinated in accordance with EEOC issued guidelines.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;punctuation-wrap:hanging;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">&#xFEFF;</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;punctuation-wrap:hanging;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">If</font><font style="display: inline;font-family:Calibri;"> the conditions of this offer and your acceptance are satisfied, this </font><font style="display: inline;font-family:Calibri;">L</font><font style="display: inline;font-family:Calibri;">etter </font><font style="display: inline;font-family:Calibri;">Agreement </font><font style="display: inline;font-family:Calibri;">shall constitute the full and complete agreement between you and </font><font style="display: inline;font-family:Calibri;">Cassava Sciences </font><font style="display: inline;font-family:Calibri;">regarding the terms and conditions of your employment.</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">This </font><font style="display: inline;font-family:Calibri;">L</font><font style="display: inline;font-family:Calibri;">etter </font><font style="display: inline;font-family:Calibri;">Agreement </font><font style="display: inline;font-family:Calibri;">specifically </font><font style="display: inline;font-family:Calibri;">cancel</font><font style="display: inline;font-family:Calibri;">s</font><font style="display: inline;font-family:Calibri;">, supersede</font><font style="display: inline;font-family:Calibri;">s</font><font style="display: inline;font-family:Calibri;"> and replace</font><font style="display: inline;font-family:Calibri;">s</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">all</font><font style="display: inline;font-family:Calibri;"> prior negotiations, representations or agreements, written and oral, between you and </font><font style="display: inline;font-family:Calibri;">anyone at </font><font style="display: inline;font-family:Calibri;">Cassava Sciences</font><font style="display: inline;font-family:Calibri;"> or </font><font style="display: inline;font-family:Calibri;">its </font><font style="display: inline;font-family:Calibri;">recruiting agents,</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">regarding any aspect of your employment. Any change to the terms of your employment with </font><font style="display: inline;font-family:Calibri;">Cassava Sciences</font><font style="display: inline;font-family:Calibri;">, as set forth in this letter, must be </font><font style="display: inline;font-family:Calibri;">made </font><font style="display: inline;font-family:Calibri;">in writing to you, signed by </font><font style="display: inline;font-family:Calibri;">the CEO of </font><font style="display: inline;font-family:Calibri;">Cassava Sciences</font><font style="display: inline;font-family:Calibri;">,</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">to be effective.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;punctuation-wrap:hanging;line-height:100%;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 10pt">

			<font style="display: inline;font-family:Calibri;font-size:10pt;">Page </font><font style="display: inline;font-family:Calibri;font-size:10pt;"></font><font style="display: inline;font-family:Calibri;font-size:10pt;">4</font><font style="display: inline;font-family:Calibri;font-size:10pt;"></font><font style="display: inline;font-family:Calibri;font-size:10pt;"> of </font><font style="display: inline;font-family:Calibri;font-size:10pt;"></font><font style="display: inline;font-family:Calibri;font-size:10pt;">3</font><font style="display: inline;font-family:Calibri;font-size:10pt;"></font>

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		<p style="margin:0pt;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:center;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">

			<font style="display: inline;font-family:Calibri;font-weight:bold;color:#C00000;">PERSONAL AND C</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#C00000;">ONFIDENTIAL</font>

		</p>

</div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;punctuation-wrap:hanging;line-height:100%;;font-size: 12pt"><font style="display: inline;font-family:Calibri;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">If </font><font style="display: inline;font-family:Calibri;">these terms and condition of e</font><font style="display: inline;font-family:Calibri;">mployment</font><font style="display: inline;font-family:Calibri;"> and the attached Invention Agreement </font><font style="display: inline;font-family:Calibri;">are</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">acceptable to you, please sign, date and </font><font style="display: inline;font-family:Calibri;">return </font><font style="display: inline;font-family:Calibri;">to the Company </font><font style="display: inline;font-family:Calibri;">one original copy.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">Chris,</font><font style="display: inline;font-family:Calibri;">&nbsp;</font><font style="display: inline;font-family:Calibri;">we all</font><font style="display: inline;font-family:Calibri;"> very much l</font><font style="display: inline;font-family:Calibri;">ook forward to working</font><font style="display: inline;font-family:Calibri;"> with you</font><font style="display: inline;font-family:Calibri;">!</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;font-family:Times;font-size: 12pt">
			<br /><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:10pt;">/s/ REMI BARBIER</font><font style="display: inline;font-family:Calibri;text-decoration:underline;"></font>
		</p>
		<p style="margin:3pt 36pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;font-weight:bold;">Remi Barbier</font>
		</p>
		<p style="margin:0pt 36pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;font-weight:bold;">Chairman of the Board</font>
		</p>
		<p style="margin:0pt 36pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;font-weight:bold;">President &amp; CEO</font>
		</p>
		<p style="margin:0pt 36pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
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		<p style="margin:0pt 36pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">&#xFEFF;</font>
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		<p style="margin:0pt 36pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">&#xFEFF;</font>
		</p>
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		<p style="margin:0pt 36pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 36pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">I &nbsp;</font><font style="display: inline;font-family:Calibri;">have read</font><font style="display: inline;font-family:Calibri;"> and </font><font style="display: inline;font-family:Calibri;">understood </font><font style="display: inline;font-family:Calibri;">this Letter Agreement </font><font style="display: inline;font-family:Calibri;">and </font><font style="display: inline;font-family:Calibri;">accept and </font><font style="display: inline;font-family:Calibri;">agree to all </font><font style="display: inline;font-family:Calibri;">of its</font><font style="display: inline;font-family:Calibri;"> terms and condition</font><font style="display: inline;font-family:Calibri;">s</font><font style="display: inline;font-family:Calibri;">. I further acknowledge that no other commitments or enticements were made to me as part of this offer of employment, except as specified herein.</font>
		</p>
		<p style="margin:0pt 36pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
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		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;punctuation-wrap:hanging;font-family:Times;font-size: 12pt">
			<br /><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:10pt;">/s/ R</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:10pt;">. CHRISTOPHER COOK</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:10pt;;font-size: 12pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Calibri;text-decoration:underline;"></font><font style="display: inline;font-family:Calibri;text-decoration:underline;;font-size: 12pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Calibri;"></font><font style="display: inline;font-family:Calibri;;font-size: 12pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Calibri;text-decoration:underline;"></font><font style="display: inline;font-family:Calibri;text-decoration:underline;">10/13/2022</font><font style="display: inline;font-family:Calibri;text-decoration:underline;"></font>
		</p>
		<p style="margin:0pt;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;font-weight:bold;">R. Christopher Cook</font><font style="display: inline;font-family:Calibri;font-weight:bold;;font-size: 12pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Calibri;font-weight:bold;"></font><font style="display: inline;font-family:Calibri;font-weight:bold;;font-size: 12pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Calibri;"></font><font style="display: inline;font-family:Calibri;;font-size: 12pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Calibri;"></font><font style="display: inline;font-family:Calibri;;font-size: 12pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Calibri;"></font><font style="display: inline;font-family:Calibri;font-weight:bold;">Date</font>
		</p>
		<p style="margin:0pt;punctuation-wrap:hanging;line-height:100%;font-family:Times;font-size: 12pt">
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			<font style="display: inline;font-family:Calibri;font-style:italic;">&#xFEFF;</font>
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			<font style="display: inline;font-family:Calibri;font-style:italic;">&#xFEFF;</font>
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			<font style="display: inline;font-family:Calibri;font-style:italic;">Attachments</font><font style="display: inline;font-family:Calibri;font-style:italic;">: &nbsp;</font>
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			<font style="display: inline;font-family:Calibri;">Confidential Information and Invention Assignment Agreement</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;color:#000000;punctuation-wrap:hanging;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">Insider Trading Compliance Program</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;color:#000000;punctuation-wrap:hanging;font-size: 12pt">
			<font style="display: inline;font-family:Calibri;">Benefits Summary</font>
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			<font style="display: inline;font-family:Calibri;">Employee Handbook</font>
		</p>
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			<font style="display: inline;font-family:Calibri;">XXXXXXXXX</font>
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			<font style="display: inline;font-family:Calibri;">Form of Stock Option Agreement</font>
		</p>
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			<font style="display: inline;font-family:Calibri;">&#xFEFF;</font>
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			<font style="display: inline;font-family:Calibri;font-size:10pt;">Page </font><font style="display: inline;font-family:Calibri;font-size:10pt;"></font><font style="display: inline;font-family:Calibri;font-size:10pt;">5</font><font style="display: inline;font-family:Calibri;font-size:10pt;"></font><font style="display: inline;font-family:Calibri;font-size:10pt;"> of </font><font style="display: inline;font-family:Calibri;font-size:10pt;"></font><font style="display: inline;font-family:Calibri;font-size:10pt;">3</font><font style="display: inline;font-family:Calibri;font-size:10pt;"></font>

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