Grant of Option. ​ irrevocably grants to the Participant a Non‑Qualified Stock Option (hereinafter, the “Option”) representing the right to purchase all or any part of an aggregate of the number of shares specified in the grant summary of common stock, par value of US$5.00 per share, of ​ (“Common Stock”). This Option is granted pursuant to the ​ Compensation Plan for Non‑Employee Directors and the 2010 Master Stock Incentive Plan of ​ (collectively, the “Plan”). The Participant acknowledges receipt of a copy of the Plan. Capitalized terms not defined in this Agreement shall have the meaning ascribed to such terms in the Plan.

Grant of Option. Assembly Biosciences, Inc. (the “Company”), hereby grants to the Optionee named in the Notice of Grant (the "“Optionee”) an option (this “Option”) to purchase a total number of shares of Common Stock (the “Shares”) set forth in the Notice of Grant, at the exercise price per share set forth in the Notice of Grant (the “Exercise Price”) subject to the terms, definitions and provisions of the Assembly Biosciences, Inc. 2019 Inducement Award Plan (the “Plan”) adopted by the Company, which is incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Option.

Grant of Option. The Participant has been granted an Option to purchase Shares, subject to the terms and conditions of the Notice, this Agreement and the Plan. In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Agreement, the terms and conditions of the Plan shall prevail. If designated in the Notice as an Incentive Stock Option (“ISO”), the Option is intended to qualify as an Incentive Stock Option under Section 422 of the Code. However, if the Option is intended to be an ISO, to the extent that it exceeds the U.S. $100,000 rule of Code Section 422(d) it shall be treated as a Nonqualified Stock Option (“NQSO”).

Grant of Option. The Company grants to the Optionee on the date set forth above (the “Date of Grant”) an option (the “Option”) to purchase, on the terms provided herein and in the Plan (including, without limitation, the exercise provisions in [Section 6(b)] of the Plan), the number of Class A Units of the Company set forth above (the “Units”) with an exercise price per Unit as set forth above, in each case subject to adjustment pursuant to Section 7 of the Plan in respect of transactions occurring after the date hereof.

Grant of Option. In accordance with and subject to the terms and conditions of # the Plan, and # this Agreement, the Company hereby grants to the Grantee a non-qualified stock option (the “Option”) to purchase the number of shares of Stock set forth in [Schedule 1] attached hereto ("[Schedule 1]"), at the Option Price per share set forth in [Schedule 1].

Grant of Option. If, at any time during the Term hereof the Lease, Landlord elects to construct the building within the Project currently designed to be comprised of approximately 95,000 rentable square feet and having an address of 3150 South Delaware (but which may be redesigned to increase the rentable square footage to up to 265,000 rentable square footage) (the “Station 5 Building”) as depicted on Exhibit B and make the Station 5 Building available for lease, Tenant shall have a one-time right to expand the Premises by leasing the Station 5 Building in accordance with the terms, covenants and conditions contained in this Paragraph 42 (the “Expansion Option”).

Grant as Non-Statutory Stock Option. This option is intended to qualify as a non-statutory stock option under the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”).

Grant of Funding Option to SPC. Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle (an “SPC”), identified as such in writing from time to time by the Granting Lender to the Agent and [[Organization A:Organization]], the option to provide to [[Organization A:Organization]] all or any part of any Loan that such Granting Lender would otherwise be obligated to make to [[Organization A:Organization]] pursuant to this Agreement; provided that # nothing herein shall constitute a commitment by any SPC to make any Loan and # if an SPC elects not to exercise such option or otherwise fails to provide all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof. The making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender. Each party hereto agrees that no SPC shall be liable for any indemnity or similar payment obligation under this Agreement (all liability for which shall remain with the Granting Lender). In furtherance of the foregoing, each party hereto agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior indebtedness of any SPC, it will not institute against, or join any other Person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding under the laws of the United States or any State thereof. In addition, notwithstanding anything to the contrary contained in this Section 12.5, any SPC may # with notice to, but without the prior written consent of, [[Organization A:Organization]] and the Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Loan to the Granting Lender or to any financial institution (consented to by [[Organization A:Organization]] and the Agent) providing liquidity and/or credit support to or for the account of such SPC to support the funding or maintenance of Loans and # disclose on a confidential basis any non-public information relating to its Loans to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity enhancement to such SPC.

Option. A right to purchase Company Stock granted under the Plan, at a price determined in accordance with the Plan.

Option. An option to purchase shares of Common Stock granted to a Participant pursuant to Section 6.