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      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">As filed with the Securities and Exchange Commission on March 24, 2022</div>
      <div style="text-align: right; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Registration No. 333-</div>
    </div>
    <div>
      <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;">Washington, DC 20549</div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">
        <hr align="center" noshade="noshade" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; width: 30%; color: #000000;"></div>
      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 18pt; font-weight: bold;">FORM S-8</div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">REGISTRATION STATEMENT</div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">UNDER</div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">THE SECURITIES ACT OF 1933</div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">
        <hr align="center" noshade="noshade" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; width: 30%; color: #000000;"> </div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 24pt; font-weight: bold;">Femasys Inc.</div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif;">(Exact name of registrant as specified in its charter)</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" id="z65f8ba15bf84477eaad87ce28e10dd5e" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <td style="width: 49%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Delaware</div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 49%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">11-3713499</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif;">(State or other jurisdiction of incorporation or organization)</div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 49%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif;">(I.R.S. Employer Identification No.)</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div>
        <div>
          <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">3950 Johns Creek Court, Suite 100</div>
          <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Suwanee, Georgia 30024</div>
          <div style="text-align: center; font-family: 'Times New Roman', Times, serif;">(Address of principal executive offices) (Zip Code)</div>
          <div style="text-align: center; font-family: 'Times New Roman', Times, serif;"> <br>
          </div>
        </div>
      </div>
      <div>
        <hr align="center" noshade="noshade" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; width: 30%; color: #000000; text-align: center;"> </div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">INDUCEMENT STOCK OPTION GRANT TO DOV ELEFANT</font><font style="font-family: 'Times New Roman',Times,serif;"><br>
        </font>(Full title of the Plans) </div>
      <div style="text-align: center;"> <br>
      </div>
      <div style="text-align: center;">
        <hr align="center" noshade="noshade" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; width: 30%; color: #000000;"> </div>
      <div><br>
      </div>
      <div>
        <div style="text-align: center; font-weight: bold;">Kathy Lee-Sepsick</div>
        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">President and Chief Executive Officer</div>
        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">3950 Johns Creek Court, Suite 100</div>
        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Suwanee, Georgia 30024</div>
        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">(770) 500-3910</div>
        <div style="text-align: center; font-family: 'Times New Roman', Times, serif;">(Name, address, including zip code, and telephone number, including area code, of agent for service)</div>
        <br>
        <hr align="center" noshade="noshade" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; width: 30%; color: #000000; text-align: center;">
        <div style="text-align: center; font-family: 'Times New Roman', Times, serif;"> <br>
        </div>
        <div style="text-align: center; font-family: 'Times New Roman', Times, serif;">
          <div style="font-weight: bold;">With a copy to:</div>
          <div>&#160;</div>
          <div style="font-weight: bold;">David S. Rosenthal, Esq.</div>
          <div style="font-weight: bold;">Anna Tomczyk, Esq.</div>
          <div style="font-weight: bold;">Dechert LLP</div>
          <div style="font-weight: bold;">1095 Avenue of Americas</div>
          <div style="font-weight: bold;">New York, New York 10036</div>
          <div style="font-weight: bold;">(212) 698-3616</div>
          <div><br>
          </div>
          <div>
            <hr align="center" noshade="noshade" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; width: 30%; color: #000000;"></div>
          <br>
        </div>
      </div>
      <div style="text-indent: 36pt; font-family: 'Times New Roman', Times, serif;">Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth
        company. See definition of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z3d06c53f4da740dc92c991dd0751a3bb" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">Large accelerated filer&#160; &#9744;</div>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">Accelerated filer&#160; &#9744;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">Non-accelerated filer&#160; &#9746;</div>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">Smaller reporting company&#160; &#9746;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">Emerging growth company&#160; &#9746;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-indent: 36pt; font-family: 'Times New Roman', Times, serif;">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 7(a)(2)(B) of the Securities Act.&#160; &#9746;</div>
      <div>&#160;</div>
      <div>
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"> </div>
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      </div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">PART I</div>
      <div>&#160;</div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z7c68acc4e909422c8bc71665322d74fb" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Item 1.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Plan Information.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000; font-family: 'Times New Roman', Times, serif;">The information required by Item 1 is included in documents sent or given to Dov Elefant, the recipient of the new hire inducement stock option award
        covered by this registration statement, pursuant to Rule 428(b)(1) of the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;).</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="za2231b24690d4f0cb241f24544206ac6" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Item 2.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Registrant Information and Employee Plan Annual Information.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000; font-family: 'Times New Roman', Times, serif;">The written statement required by Item 2 is included in documents sent or given to Dov Elefant, the recipient of the new hire inducement stock option award
        covered by this registration statement, pursuant to Rule 428(b)(1) of the Securities Act.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">PART II</div>
      <div>&#160;</div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zdac97bbe0d764b9d8ef4f3282abf0058" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Item 3.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Incorporation of Documents by Reference.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-indent: 36pt; color: #000000; font-family: 'Times New Roman', Times, serif;">The registrant is subject to the informational and reporting requirements of Sections 13(a), 14, and 15(d) of the Securities Exchange Act of 1934, as
        amended (the &#8220;Exchange Act&#8221;), and in accordance therewith files reports, proxy statements and other information with the Securities and Exchange Commission (the &#8220;Commission&#8221;). The following documents, which are on file with the Commission, are
        incorporated in this registration statement by reference:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;"><font style="font-family: 'Times New Roman', Times, serif; color: #000000;">a.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif; color: rgb(0, 0, 0);">The registrant&#8217;s latest annual report filed
          pursuant to Section 13(a) or 15(d) of the Exchange Act or the latest prospectus filed pursuant to Rule 424(b) under the Securities Act that contains audited financial statements for the registrant&#8217;s latest fiscal year for which such statements
          have been filed.</font></div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;"><font style="font-family: 'Times New Roman', Times, serif; color: #000000;">b.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif; color: rgb(0, 0, 0);">All other reports filed pursuant to Section
          13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the document referred to in (a) above.</font></div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;"><font style="font-family: 'Times New Roman', Times, serif; color: #000000;">c.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;"><font style="color: rgb(0, 0, 0);">The description of the
            securities contained in the registrant&#8217;s registration statement on Form 8-A filed under the </font>Exchange Act<font style="color: rgb(0, 0, 0);">, including any amendment or report filed for the purpose of updating such description.</font></font></div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; font-family: 'Times New Roman', Times, serif;"><font style="color: #000000;">All documents subsequently filed by the registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the </font>Exchange Act<font style="color: #000000;">, prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by
          reference in this registration statement and to be part hereof from the date of the filing of such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or
          superseded for the purposes of this registration statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such
          statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.</font></div>
      <div style="text-indent: 36pt; font-family: 'Times New Roman', Times, serif;"><font style="color: #000000;"> <br>
        </font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" id="z3f6535772a2545afa9f08d6aa6f4ef75" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Item 4.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Description of Securities.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-indent: 36pt; font-family: 'Times New Roman', Times, serif;">Not applicable.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z9cb6fd677c3941d898d62cada340a262" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Item 5.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Interests of Named Experts and Counsel.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-indent: 36pt; font-family: 'Times New Roman', Times, serif;">Not applicable.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z6933b2b218a74925a1b71557fe4eff49" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Item 6.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Indemnification of Directors and Officers.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-indent: 36pt; font-family: 'Times New Roman', Times, serif;">The Registrant&#8217;s amended and restated certificate of incorporation contains provisions that eliminate, to the maximum extent permitted by the General Corporation Law of the
        State of Delaware (the &#8220;DGCL&#8221;), the personal liability of the Registrant&#8217;s directors and executive officers for monetary damages for breach of their fiduciary duties as directors or officers. The Registrant&#8217;s amended and restated certificate of
        incorporation and amended and restated bylaws provide that the Registrant must indemnify its directors and executive officers and may indemnify its employees and other agents to the fullest extent permitted by the DGCL.</div>
      <div>&#160;</div>
      <div style="text-indent: 36pt; font-family: 'Times New Roman', Times, serif;">Section 145 of the DGCL provides that a Delaware corporation may indemnify any persons who were, are, or are threatened to be made, parties to any threatened, pending or
        completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of such corporation), by reason of the fact that such person is or was an officer, director, employee or agent
        of such corporation, or is or was serving at the request of such corporation as an officer, director, employee or agent of another corporation or enterprise. The indemnity may include expenses (including attorneys&#8217; fees), judgments, fines and
        amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding, provided that such person acted in good faith and in a manner he or she reasonably believed to be in or not opposed to
        the corporation&#8217;s best interests and, with respect to any criminal action or proceeding, had no reasonable cause to believe that his or her conduct was illegal. A Delaware corporation may indemnify any persons who were, are, or are threatened to be
        made, a party to any threatened, pending or completed action or suit by or in the right of the corporation by reason of the fact that such person is or was a director, officer, employee or agent of such corporation, or is or was serving at the
        request of such corporation as a director, officer, employee or agent of another corporation or enterprise. The indemnity may include expenses (including attorneys&#8217; fees) actually and reasonably incurred by such person in connection with the
        defense or settlement of such action or suit provided such person acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the corporation&#8217;s best interests except that no indemnification is permitted without
        judicial approval if the officer or director is adjudged to be liable to the corporation. Where an officer or director is successful on the merits or otherwise in the defense of any action referred to above, the corporation must indemnify him or
        her against the expenses (including attorneys&#8217; fees) actually and reasonably incurred.</div>
      <div>&#160;</div>
      <div style="text-indent: 36pt; font-family: 'Times New Roman', Times, serif;">The Registrant&#8217;s amended and restated certificate of incorporation and amended and restated bylaws provide for the indemnification of its directors and officers to the
        fullest extent permitted under the DGCL.</div>
      <div>&#160;</div>
      <div style="text-indent: 36pt; font-family: 'Times New Roman', Times, serif;">Section 102(b)(7) of the DGCL permits a corporation to provide in its certificate of incorporation that a director of the corporation shall not be personally liable to the
        corporation or its stockholders for monetary damages for breach of fiduciary duties as a director, except for liability for any:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zb60c4e2281bf452899be15b429b9574e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; align: right; font-family: 'Times New Roman', Times, serif;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">transaction from which the director derives an improper personal benefit;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zeedb80d9418546049aa4b572009dad58" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; align: right; font-family: 'Times New Roman', Times, serif;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">act or omission not in good faith or that involves intentional misconduct or a knowing violation of law;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z91b22870d5784d9a8bf0dc30291003f7" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; align: right; font-family: 'Times New Roman', Times, serif;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">unlawful payment of dividends or redemption of shares; or</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z4c3ccf5e549c4f94a4214b5b2c673c33" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; align: right; font-family: 'Times New Roman', Times, serif;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">breach of a director&#8217;s duty of loyalty to the corporation or its stockholders.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-indent: 36pt; font-family: 'Times New Roman', Times, serif;">The Registrant&#8217;s amended and restated certificate of incorporation includes such a provision. Expenses incurred by any officer or director in defending any such action,
        suit or proceeding in advance of its final disposition shall be paid by the Registrant upon delivery to it of an undertaking, by or on behalf of such director or officer, to repay all amounts so advanced if it shall ultimately be determined that
        such director or officer is not entitled to be indemnified by the Registrant.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-indent: 36pt; font-family: 'Times New Roman', Times, serif;">Section 174 of the DGCL provides, among other things, that a director who willfully or negligently approves of an unlawful payment of dividends or an unlawful stock
        purchase or redemption, may be held liable for such actions. A director who was either absent when the unlawful actions were approved or dissented at the time may avoid liability by causing his or her dissent to such actions to be entered in the
        books containing minutes of the meetings of the board of directors at the time such action occurred or immediately after such absent director receives notice of the unlawful acts.</div>
      <div>&#160;</div>
      <div style="text-indent: 36pt; font-family: 'Times New Roman', Times, serif;">As permitted by the DGCL, the Registrant will enter into indemnity agreements with each of its directors and executive officers, that will require the Registrant to
        indemnify such persons against any and all costs and expenses (including attorneys&#8217;, witness or other professional fees) actually and reasonably incurred by such persons in connection with any action, suit or proceeding (including derivative
        actions), whether actual or threatened, to which any such person may be made a party by reason of the fact that such person is or was a director or officer or is or was acting or serving as an officer, director, employee or agent of the Registrant
        or any of its affiliated enterprises. Under these agreements, the Registrant is not required to provide indemnification for certain matters, including:</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zf7206f0865d3499abc1282c11fbd7538" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; align: right; font-family: 'Times New Roman', Times, serif;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">indemnification beyond that permitted by the DGCL;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z2b81739c89da4d81aced7241fe4655a8" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; align: right; font-family: 'Times New Roman', Times, serif;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">indemnification for any proceeding with respect to the unlawful payment of remuneration to the director or officer;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zf10cae88c11846028fed46f58ff48ec1" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; align: right; font-family: 'Times New Roman', Times, serif;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">indemnification for certain proceedings involving a final judgment that the director or officer is required to disgorge profits from the purchase or sale of the Registrant&#8217;s stock;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z35793a7e50a4466aabb91d22e7c38a67" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; align: right; font-family: 'Times New Roman', Times, serif;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">indemnification for proceedings involving a final judgment that the director&#8217;s or officer&#8217;s conduct was in bad faith, knowingly fraudulent or deliberately dishonest or constituted
                willful misconduct or a breach of his or her duty of loyalty, but only to the extent of such specific determination;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z89dc009ce731493e8d3e14021990ae98" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; align: right; font-family: 'Times New Roman', Times, serif;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">indemnification for proceedings or claims brought by an officer or director against us or any of the Registrant&#8217;s directors, officers, employees or agents, except for (i) claims to
                establish a right of indemnification or proceedings, (ii) claims approved by the Registrant&#8217;s board of directors, (iii) claims required by law, (iv) when there has been a change of control as defined in the indemnification agreement with
                each director or officer, or (v) by the Registrant in its sole discretion pursuant to the powers vested to the Registrant under Delaware law;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z0347a2eac88c4170a9da08dcb2334ec5" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; align: right; font-family: 'Times New Roman', Times, serif;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">indemnification for settlements the director or officer enters into without the Registrant&#8217;s consent; or</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zc121749fe199448f87ecae8765224855" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; align: right; font-family: 'Times New Roman', Times, serif;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">indemnification in violation of any undertaking required by the Securities Act or in any registration statement filed by the Registrant.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-indent: 36pt; font-family: 'Times New Roman', Times, serif;">The indemnification agreements will also set forth certain procedures that will apply in the event of a claim for indemnification thereunder. <font style="font-family: 'Times New Roman',Times,serif; color: rgb(0, 0, 0);">At present, there is no pending litigation or proceeding involving a director or officer of the Registrant regarding which indemnification is sought, nor is the Registrant aware of any
          threatened litigation that may result in claims for indemnification.</font></div>
      <div>&#160;</div>
      <div style="text-indent: 36pt; font-family: 'Times New Roman', Times, serif;">The Registrant has an insurance policy in place that covers its officers and directors with respect to certain liabilities, including liabilities arising under the
        Securities Act or otherwise.</div>
      <div>&#160;</div>
      <div style="text-indent: 36pt; color: #000000; font-family: 'Times New Roman', Times, serif;">See also the Undertakings set forth in the response to Item 9 herein.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z7a26854ab15848a19e10e88c194fa80f" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Item 7.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Exemption from Registration Claimed.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-indent: 36pt; font-family: 'Times New Roman', Times, serif;">Not applicable.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" id="zc5494baf78a1428d83ea27476a6f1cdd" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Item 8.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Exhibits.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-indent: 36pt; color: #000000; font-family: 'Times New Roman', Times, serif;">The Exhibit Index immediately preceding the exhibits is incorporated herein by reference.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="ze89ee8bf9ca04a258f81c1cb1efecf26" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Item 9.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Undertakings.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-indent: 36pt;"><font style="font-family: 'Times New Roman', Times, serif;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman',Times,serif;">The undersigned Registrant hereby undertakes:</font></div>
      <div>&#160;</div>
      <div style="text-indent: 72pt;"><font style="font-family: 'Times New Roman',Times,serif;">1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;">To file, during any period in which offers or sales are being made, a
          post-effective amendment to this registration statement:</font></div>
      <div>&#160;</div>
      <div style="text-indent: 36pt; margin-left: 72pt;"><font style="font-family: 'Times New Roman',Times,serif;">i.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;">to include any prospectus required by Section 10(a)(3) of the
          Securities Act;</font></div>
      <div>&#160;</div>
      <div style="text-indent: 36pt; margin-left: 72pt;"><font style="font-family: 'Times New Roman',Times,serif;">ii.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman',Times,serif;">to reflect in the prospectus any facts or events arising after
          the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement.
          Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated
          maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price
          set forth in the &#8220;Calculation of Registration Fee&#8221; table in the effective registration statement; and</font></div>
      <div>&#160;</div>
      <div style="text-indent: 36pt; margin-left: 72pt;"><font style="font-family: 'Times New Roman', Times, serif;">iii.</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman',Times,serif;">to include any material information with respect to the plan
          of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.</font></div>
      <div>&#160;</div>
      <div style="text-indent: 36pt; font-family: 'Times New Roman', Times, serif;">Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the registration statement is on Form S-8, and the information required to be
        included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the
        registration statement</div>
      <div>&#160;</div>
      <div style="text-indent: 72pt;"><font style="font-family: 'Times New Roman', Times, serif;">2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;">That, for the purpose of determining any liability under the Securities Act, each
          such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</font></div>
      <div>&#160;</div>
      <div style="text-indent: 72pt;"><font style="font-family: 'Times New Roman', Times, serif;">3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;">To remove from registration by means of a post-effective amendment any of the
          securities being registered which remain unsold at the termination of the offering.</font></div>
      <div>&#160;</div>
      <div style="text-indent: 36pt;"><font style="font-family: 'Times New Roman', Times, serif;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman',Times,serif;">The undersigned Registrant hereby undertakes that, for purposes of determining
          any liability under the Securities Act, each filing of the Registrant&#8217;s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan&#8217;s annual report pursuant to
          Section 15(d) of the Exchange Act ) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
          shall be deemed to be the initial bona fide offering thereof.</font></div>
      <div>&#160;</div>
      <div style="text-indent: 36pt;"><font style="font-family: 'Times New Roman', Times, serif;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman',Times,serif;">Insofar as indemnification for liabilities arising under the Securities Act may
          be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy
          as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or
          controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the
          opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be
          governed by the final adjudication of such issue.</font></div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">EXHIBIT INDEX</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" id="z8e4ca1b80b15497d8dda9035d3a51abc" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 12%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">Exhibit Number</td>
            <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" rowspan="1">&#160;</td>
            <td style="width: 87%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">Exhibit Description</td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 87%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 12%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman',Times,serif;"><a href="https://www.sec.gov/Archives/edgar/data/0001339005/000114036121021887/nt10019541x13_ex3-1.htm">3.1</a></div>
            </td>
            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 87%; vertical-align: middle; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman', Times, serif;"><font style="color: #000000;">Eleventh Amended and Restated Certificate of Incorporation of Femasys Inc. </font>(Incorporated by reference to Exhibit 3.1 of the Registrant&#8217;s Current
                Report on Form 8-K filed June 22, 2021).</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 87%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 12%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman',Times,serif;"><a href="https://www.sec.gov/Archives/edgar/data/0001339005/000114036121021887/nt10019541x13_ex3-2.htm">3.2</a></div>
            </td>
            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 87%; vertical-align: middle; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman',Times,serif;">Amended and Restated Bylaws of Femasys Inc. (Incorporated by reference to Exhibit 3.2 of the Registrant&#8217;s Current Report on Form 8-K filed June 22, 2021).</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 87%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 12%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman',Times,serif;"><a href="https://www.sec.gov/Archives/edgar/data/1339005/000114036121017441/nt10019541x5_ex4-1.htm">3.3</a></div>
            </td>
            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 87%; vertical-align: middle; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman',Times,serif;">Form of Certificate of Common Stock (Incorporated by reference to Exhibit 4.1 of the Registrant&#8217;s Registration Statement on Form S-1 (File No. 333-256156) filed May 14, 2021).</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 87%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 12%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman',Times,serif;"><a href="brhc10035552_ex5-1.htm">5.1*</a></div>
            </td>
            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 87%; vertical-align: middle; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman',Times,serif;">Opinion of Dechert LLP.</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 87%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 12%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman',Times,serif;"><a href="https://www.sec.gov/Archives/edgar/data/1339005/000114036122006505/brhc10034387_ex10-2.htm">10.1</a></div>
            </td>
            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 87%; vertical-align: middle; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman',Times,serif;">Inducement Stock Option Award for Dov Elefant (Incorporated by reference to Exhibit 10.2 of the Registrant&#8217;s Current Report on Form 8-K filed February 24, 2022).</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 87%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 12%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman',Times,serif;"><a href="https://www.sec.gov/Archives/edgar/data/1339005/000114036122006505/brhc10034387_ex10-1.htm">10.2</a></div>
            </td>
            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 87%; vertical-align: middle; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman',Times,serif;">Employment Agreement between Femasys Inc. and Dov Elefant (Incorporated by reference to Exhibit 10.1 of the Registrant&#8217;s Current Report on Form 8-K filed February 24, 2022).</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 87%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 12%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman',Times,serif;"><a href="brhc10035552_ex5-1.htm">23.1*</a></div>
            </td>
            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
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            <td rowspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
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              <div style="font-family: 'Times New Roman',Times,serif;"><a href="brhc10035552_ex23-2.htm">23.2*</a></div>
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              <div style="font-family: 'Times New Roman',Times,serif;">Consent of KPMG LLP.</div>
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            <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 87%; vertical-align: middle;">&#160;</td>
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              <div style="font-family: 'Times New Roman',Times,serif;"><a href="#POWEROFATTORNEY">24.1*</a></div>
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              <div style="font-family: 'Times New Roman',Times,serif;">Power of Attorney (included on signature page).</div>
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            <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
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              <div style="font-family: 'Times New Roman',Times,serif;"><a href="brhc10035552_ex107.htm">107</a></div>
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            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
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              <div style="font-family: 'Times New Roman',Times,serif;">Filing Fee Table</div>
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        <div style="font-family: 'Times New Roman',Times,serif;">* Filed herewith</div>
        <div style="font-family: 'Times New Roman',Times,serif;"> <br>
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      <div style="text-indent: 36pt; font-family: 'Times New Roman', Times, serif;">Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on
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            <td style="vertical-align: top; width: 10%;" colspan="1" rowspan="1">&#160;</td>
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              <div style="font-family: 'Times New Roman',Times,serif;">By:</div>
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              <div style="font-family: 'Times New Roman',Times,serif;">/s/ Kathy Lee-Sepsick</div>
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            <td style="width: 10%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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              <div style="font-family: 'Times New Roman',Times,serif;">Kathy Lee-Sepsick</div>
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            <td style="width: 10%; vertical-align: top;" colspan="1">&#160;</td>
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            <td style="width: 10%; vertical-align: top;" colspan="1">&#160;</td>
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        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">POWER OF ATTORNEY<a name="POWEROFATTORNEY"><!--Anchor--></a></div>
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        <div style="text-indent: 36pt; font-family: 'Times New Roman', Times, serif;">KNOW ALL BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Kathy Lee-Sepsick and Dov Elefant, and each of them, as his or her
          true and lawful attorneys-in-fact and agents, each with the full power of substitution, for him or her and in his or her name, place or stead, in any and all capacities, to sign any and all amendments to this Registration Statement (including
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          post-effective amendments thereto, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
          and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that
          said attorneys-in-fact and agents, or their or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof. Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the
          following persons in the capacities held and on the dates indicated.</div>
        <div>&#160;</div>
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                <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Signature</div>
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              <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
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              <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Date</div>
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              <td style="width: 29.37%; vertical-align: top;">&#160;</td>
              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top;">&#160;</td>
              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
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              <td style="width: 29.37%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="font-family: 'Times New Roman',Times,serif;">/s/ Kathy Lee-Sepsick</div>
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              <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top; padding-bottom: 2px;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Chair of the Board of Directors, President and</div>
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              <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top; padding-bottom: 2px;">March 24, 2022</td>
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                <div style="font-family: 'Times New Roman',Times,serif;">Kathy Lee-Sepsick</div>
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              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
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                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Chief Executive Officer (principal executive officer)</div>
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              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top;">&#160;</td>
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              <td style="width: 29.37%; vertical-align: top;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;"><br>
                </div>
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              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;"><br>
                </div>
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              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top;"><br>
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                <div style="font-family: 'Times New Roman',Times,serif;">/s/ Dov Elefant</div>
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              <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
              <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Dov Elefant</div>
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              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
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                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Chief Financial Officer (principal financial and accounting officer)</div>
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              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">March 24, 2022</div>
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              <td style="width: 29.37%; vertical-align: top;">&#160;</td>
              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top;">&#160;</td>
              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top;">&#160;</td>
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                <div style="font-family: 'Times New Roman',Times,serif;">/s/ John Adams, Jr.</div>
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              <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
              <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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              <td style="width: 29.37%; vertical-align: top;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">John Adams, Jr.</div>
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              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">Director</div>
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              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">March 24, 2022</div>
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              <td style="width: 29.37%; vertical-align: top;">&#160;</td>
              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top;">&#160;</td>
              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top;">&#160;</td>
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              <td style="width: 29.37%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="font-family: 'Times New Roman',Times,serif;">/s/ John Dyett</div>
              </td>
              <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
              <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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              <td style="width: 29.37%; vertical-align: top;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">John Dyett</div>
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              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">Director</div>
              </td>
              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">March 24, 2022</div>
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              <td style="width: 29.37%; vertical-align: top;">&#160;</td>
              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top;">&#160;</td>
              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top;">&#160;</td>
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                <div style="font-family: 'Times New Roman',Times,serif;">/s/ Charles Larsen</div>
              </td>
              <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
              <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Charles Larsen</div>
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              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">Director</div>
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              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">March 24, 2022</div>
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              <td style="width: 29.37%; vertical-align: top;">&#160;</td>
              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top;">&#160;</td>
              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top;">&#160;</td>
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                <div style="font-family: 'Times New Roman',Times,serif;">/s/ Anne Morrissey</div>
              </td>
              <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
              <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Anne Morrissey</div>
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              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">Director</div>
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              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">March 24, 2022</div>
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              <td style="width: 29.37%; vertical-align: top;">&#160;</td>
              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top;">&#160;</td>
              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top;">&#160;</td>
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                <div style="font-family: 'Times New Roman',Times,serif;">/s/ Edward Uzialko, Jr.</div>
              </td>
              <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
              <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">Director</div>
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              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">March 24, 2022</div>
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              <td style="width: 29.37%; vertical-align: top;">&#160;</td>
              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top;">&#160;</td>
              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top;">&#160;</td>
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                <div style="font-family: 'Times New Roman',Times,serif;">/s/ Wendy Perrow</div>
              </td>
              <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="width: 45.59%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
              <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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                <div style="font-family: 'Times New Roman',Times,serif;">Wendy Perrow</div>
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              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
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                <div style="font-family: 'Times New Roman',Times,serif;">Director</div>
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              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 25.04%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">March 24, 2022</div>
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{"company-data": {"conformed-name": "FEMASYS INC", "cik": "0001339005", "assigned-sic": "3841", "irs-number": "000000000", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-263835", "film-number": "22767587"}, "business-address": {"street1": "3950 JOHNS CREEK COURT", "street2": "SUITE 100", "city": "SUWANEE", "state": "GA", "zip": "30024", "phone": "770-500-3910"}, "mail-address": {"street1": "3950 JOHNS CREEK COURT", "street2": "SUITE 100", "city": "SUWANEE", "state": "GA", "zip": "30024"}}
As filed with the Securities and Exchange Commission on March 24, 2022
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Femasys Inc.
(Exact name of registrant as specified in its charter)
Delaware
11-3713499
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
3950 Johns Creek Court, Suite 100
Suwanee, Georgia 30024
(Address of principal executive offices) (Zip Code)
INDUCEMENT STOCK OPTION GRANT TO DOV ELEFANT
(Full title of the Plans)
Kathy Lee-Sepsick
President and Chief Executive Officer
3950 Johns Creek Court, Suite 100
Suwanee, Georgia 30024
(770) 500-3910
(Name, address, including zip code, and telephone number, including area code, of agent for service)
With a copy to:
David S. Rosenthal, Esq.
Anna Tomczyk, Esq.
Dechert LLP
1095 Avenue of Americas
New York, New York 10036
(212) 698-3616
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth
        company. See definition of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer  ☐
Accelerated filer  ☐
Non-accelerated filer  ☒
Smaller reporting company  ☒
Emerging growth company  ☒
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 7(a)(2)(B) of the Securities Act.  ☒
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1.
Plan Information.
The information required by Item 1 is included in documents sent or given to Dov Elefant, the recipient of the new hire inducement stock option award
        covered by this registration statement, pursuant to Rule 428(b)(1) of the Securities Act of 1933, as amended (the "Securities Act").
Item 2.
Registrant Information and Employee Plan Annual Information.
The written statement required by Item 2 is included in documents sent or given to Dov Elefant, the recipient of the new hire inducement stock option award
        covered by this registration statement, pursuant to Rule 428(b)(1) of the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference.
The registrant is subject to the informational and reporting requirements of Sections 13(a), 14, and 15(d) of the Securities Exchange Act of 1934, as
        amended (the "Exchange Act"), and in accordance therewith files reports, proxy statements and other information with the Securities and Exchange Commission (the "Commission"). The following documents, which are on file with the Commission, are
        incorporated in this registration statement by reference:
a.
The registrant's latest annual report filed
          pursuant to Section 13(a) or 15(d) of the Exchange Act or the latest prospectus filed pursuant to Rule 424(b) under the Securities Act that contains audited financial statements for the registrant's latest fiscal year for which such statements
          have been filed.
b.
All other reports filed pursuant to Section
          13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the document referred to in (a) above.
c.
The description of the
            securities contained in the registrant's registration statement on Form 8-A filed under the
Exchange Act
, including any amendment or report filed for the purpose of updating such description.
All documents subsequently filed by the registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the
Exchange Act
, prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by
          reference in this registration statement and to be part hereof from the date of the filing of such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or
          superseded for the purposes of this registration statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such
          statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.
Item 4.
Description of Securities.
Not applicable.
Item 5.
Interests of Named Experts and Counsel.
Not applicable.
Item 6.
Indemnification of Directors and Officers.
The Registrant's amended and restated certificate of incorporation contains provisions that eliminate, to the maximum extent permitted by the General Corporation Law of the
        State of Delaware (the "DGCL"), the personal liability of the Registrant's directors and executive officers for monetary damages for breach of their fiduciary duties as directors or officers. The Registrant's amended and restated certificate of
        incorporation and amended and restated bylaws provide that the Registrant must indemnify its directors and executive officers and may indemnify its employees and other agents to the fullest extent permitted by the DGCL.
Section 145 of the DGCL provides that a Delaware corporation may indemnify any persons who were, are, or are threatened to be made, parties to any threatened, pending or
        completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of such corporation), by reason of the fact that such person is or was an officer, director, employee or agent
        of such corporation, or is or was serving at the request of such corporation as an officer, director, employee or agent of another corporation or enterprise. The indemnity may include expenses (including attorneys' fees), judgments, fines and
        amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding, provided that such person acted in good faith and in a manner he or she reasonably believed to be in or not opposed to
        the corporation's best interests and, with respect to any criminal action or proceeding, had no reasonable cause to believe that his or her conduct was illegal. A Delaware corporation may indemnify any persons who were, are, or are threatened to be
        made, a party to any threatened, pending or completed action or suit by or in the right of the corporation by reason of the fact that such person is or was a director, officer, employee or agent of such corporation, or is or was serving at the
        request of such corporation as a director, officer, employee or agent of another corporation or enterprise. The indemnity may include expenses (including attorneys' fees) actually and reasonably incurred by such person in connection with the
        defense or settlement of such action or suit provided such person acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the corporation's best interests except that no indemnification is permitted without
        judicial approval if the officer or director is adjudged to be liable to the corporation. Where an officer or director is successful on the merits or otherwise in the defense of any action referred to above, the corporation must indemnify him or
        her against the expenses (including attorneys' fees) actually and reasonably incurred.
The Registrant's amended and restated certificate of incorporation and amended and restated bylaws provide for the indemnification of its directors and officers to the
        fullest extent permitted under the DGCL.
Section 102(b)(7) of the DGCL permits a corporation to provide in its certificate of incorporation that a director of the corporation shall not be personally liable to the
        corporation or its stockholders for monetary damages for breach of fiduciary duties as a director, except for liability for any:
•
transaction from which the director derives an improper personal benefit;
•
act or omission not in good faith or that involves intentional misconduct or a knowing violation of law;
•
unlawful payment of dividends or redemption of shares; or
•
breach of a director's duty of loyalty to the corporation or its stockholders.
The Registrant's amended and restated certificate of incorporation includes such a provision. Expenses incurred by any officer or director in defending any such action,
        suit or proceeding in advance of its final disposition shall be paid by the Registrant upon delivery to it of an undertaking, by or on behalf of such director or officer, to repay all amounts so advanced if it shall ultimately be determined that
        such director or officer is not entitled to be indemnified by the Registrant.
Section 174 of the DGCL provides, among other things, that a director who willfully or negligently approves of an unlawful payment of dividends or an unlawful stock
        purchase or redemption, may be held liable for such actions. A director who was either absent when the unlawful actions were approved or dissented at the time may avoid liability by causing his or her dissent to such actions to be entered in the
        books containing minutes of the meetings of the board of directors at the time such action occurred or immediately after such absent director receives notice of the unlawful acts.
As permitted by the DGCL, the Registrant will enter into indemnity agreements with each of its directors and executive officers, that will require the Registrant to
        indemnify such persons against any and all costs and expenses (including attorneys', witness or other professional fees) actually and reasonably incurred by such persons in connection with any action, suit or proceeding (including derivative
        actions), whether actual or threatened, to which any such person may be made a party by reason of the fact that such person is or was a director or officer or is or was acting or serving as an officer, director, employee or agent of the Registrant
        or any of its affiliated enterprises. Under these agreements, the Registrant is not required to provide indemnification for certain matters, including:
•
indemnification beyond that permitted by the DGCL;
•
indemnification for any proceeding with respect to the unlawful payment of remuneration to the director or officer;
•
indemnification for certain proceedings involving a final judgment that the director or officer is required to disgorge profits from the purchase or sale of the Registrant's stock;
•
indemnification for proceedings involving a final judgment that the director's or officer's conduct was in bad faith, knowingly fraudulent or deliberately dishonest or constituted
                willful misconduct or a breach of his or her duty of loyalty, but only to the extent of such specific determination;
•
indemnification for proceedings or claims brought by an officer or director against us or any of the Registrant's directors, officers, employees or agents, except for (i) claims to
                establish a right of indemnification or proceedings, (ii) claims approved by the Registrant's board of directors, (iii) claims required by law, (iv) when there has been a change of control as defined in the indemnification agreement with
                each director or officer, or (v) by the Registrant in its sole discretion pursuant to the powers vested to the Registrant under Delaware law;
•
indemnification for settlements the director or officer enters into without the Registrant's consent; or
•
indemnification in violation of any undertaking required by the Securities Act or in any registration statement filed by the Registrant.
The indemnification agreements will also set forth certain procedures that will apply in the event of a claim for indemnification thereunder.
At present, there is no pending litigation or proceeding involving a director or officer of the Registrant regarding which indemnification is sought, nor is the Registrant aware of any
          threatened litigation that may result in claims for indemnification.
The Registrant has an insurance policy in place that covers its officers and directors with respect to certain liabilities, including liabilities arising under the
        Securities Act or otherwise.
See also the Undertakings set forth in the response to Item 9 herein.
Item 7.
Exemption from Registration Claimed.
Not applicable.
Item 8.
Exhibits.
The Exhibit Index immediately preceding the exhibits is incorporated herein by reference.
Item 9.
Undertakings.
(a)
The undersigned Registrant hereby undertakes:
1.
To file, during any period in which offers or sales are being made, a
          post-effective amendment to this registration statement:
i.
to include any prospectus required by Section 10(a)(3) of the
          Securities Act;
ii.
to reflect in the prospectus any facts or events arising after
          the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement.
          Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated
          maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price
          set forth in the "Calculation of Registration Fee" table in the effective registration statement; and
iii.
to include any material information with respect to the plan
          of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.
Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the registration statement is on Form S-8, and the information required to be
        included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the
        registration statement
2.
That, for the purpose of determining any liability under the Securities Act, each
          such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
3.
To remove from registration by means of a post-effective amendment any of the
          securities being registered which remain unsold at the termination of the offering.
(b)
The undersigned Registrant hereby undertakes that, for purposes of determining
          any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to
          Section 15(d) of the Exchange Act ) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
          shall be deemed to be the initial bona fide offering thereof.
(c)
Insofar as indemnification for liabilities arising under the Securities Act may
          be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy
          as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or
          controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the
          opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be
          governed by the final adjudication of such issue.
EXHIBIT INDEX
Exhibit Number
Exhibit Description
3.1
Eleventh Amended and Restated Certificate of Incorporation of Femasys Inc.
(Incorporated by reference to Exhibit 3.1 of the Registrant's Current
                Report on Form 8-K filed June 22, 2021).
3.2
Amended and Restated Bylaws of Femasys Inc. (Incorporated by reference to Exhibit 3.2 of the Registrant's Current Report on Form 8-K filed June 22, 2021).
3.3
Form of Certificate of Common Stock (Incorporated by reference to Exhibit 4.1 of the Registrant's Registration Statement on Form S-1 (File No. 333-256156) filed May 14, 2021).
5.1*
Opinion of Dechert LLP.
10.1
Inducement Stock Option Award for Dov Elefant (Incorporated by reference to Exhibit 10.2 of the Registrant's Current Report on Form 8-K filed February 24, 2022).
10.2
Employment Agreement between Femasys Inc. and Dov Elefant (Incorporated by reference to Exhibit 10.1 of the Registrant's Current Report on Form 8-K filed February 24, 2022).
23.1*
Consent of Dechert LLP (included in Exhibit 5.1).
23.2*
Consent of KPMG LLP.
24.1*
Power of Attorney (included on signature page).
107
Filing Fee Table
* Filed herewith
SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on
        Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Suwanee, State of Georgia day of March 24, 2022.
FEMASYS INC.
By:
/s/ Kathy Lee-Sepsick
Kathy Lee-Sepsick
Chief Executive Officer and President
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Kathy Lee-Sepsick and Dov Elefant, and each of them, as his or her
          true and lawful attorneys-in-fact and agents, each with the full power of substitution, for him or her and in his or her name, place or stead, in any and all capacities, to sign any and all amendments to this Registration Statement (including
          post-effective amendments), and to sign any Registration Statement for the same offering covered by this Registration Statement that is to be effective upon filing pursuant to Rule 462(b) promulgated under the Securities Act, and all
          post-effective amendments thereto, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
          and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that
          said attorneys-in-fact and agents, or their or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof. Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the
          following persons in the capacities held and on the dates indicated.
Signature
Title
Date
/s/ Kathy Lee-Sepsick
Chair of the Board of Directors, President and
March 24, 2022
Kathy Lee-Sepsick
Chief Executive Officer (principal executive officer)
/s/ Dov Elefant
Dov Elefant
Chief Financial Officer (principal financial and accounting officer)
March 24, 2022
/s/ John Adams, Jr.
John Adams, Jr.
Director
March 24, 2022
/s/ John Dyett
John Dyett
Director
March 24, 2022
/s/ Charles Larsen
Charles Larsen
Director
March 24, 2022
/s/ Anne Morrissey
Anne Morrissey
Director
March 24, 2022
/s/ Edward Uzialko, Jr.
Edward Uzialko, Jr.
Director
March 24, 2022
/s/ Wendy Perrow
Wendy Perrow
Director
March 24, 2022