Exhibit 24
Limited Power of Attorney for Section 16 Reporting Obligations
Know all by these presents, that the undersigned hereby makes,
constitutes and appoints John M. Maxwell, James Hoffman, Robert Arnold and Ellen
S. Knarr, and each of them acting individually without the other, as the
undersigned's true and lawful attorney-in-fact, with full power and authority as
hereinafter described on behalf of and in the name, place and stead of the
undersigned to:
(1) prepare, execute, acknowledge, deliver and file Forms 3,
4, and 5 (including any amendments thereto) with respect to the securities
issued by Aquestive Therapeutics, Inc., a Delaware corporation (the "Company"),
with the United States Securities and Exchange Commission, any national
securities exchange and the Company, as considered necessary or advisable under
Section 16(a) of the Securities Exchange Act of 1934 and the rules and
regulations promulgated thereunder, as amended from time to time (the "Exchange
Act");
(2) seek or obtain, as the undersigned's representative and
on the undersigned's behalf, information on transactions in the Company's
securities from any third party, including brokers, employee benefit plan
administrators and trustees, and the undersigned hereby authorizes any such
person to release any such information to the undersigned and approves and
ratifies any such release of information; and
(3) perform any and all other acts which in the discretion
of such attorney(s)-in-fact are necessary or desirable for and on behalf of the
undersigned in connection with the foregoing, including, without limitation,
preparing, executing, acknowledging, delivering and filing in the undersigned's
name and on the undersigned's behalf, and submitting to the SEC a Form ID,
including amendments thereto, and any other documents necessary or appropriate
to obtain and renew codes and passwords enabling the undersigned to make
electronic filings with the SEC of reports required by Section 16(a) of the
Exchange Act.
The undersigned acknowledges that:
(1) this Limited Power of Attorney authorizes, but does not
require, such attorneys-in-fact to act in their discretion on information
provided to such attorneys-in-fact without independent verification of such
information;
(2) any documents prepared and/or executed by such
attorneys-in-fact on behalf of the undersigned pursuant to this Limited Power of
Attorney will be in such form and will contain such information and disclosure
as such attorneys-in-fact, in his or their discretion, deem necessary or
desirable;
(3) neither the Company nor such attorneys-in-fact assume
(i) any liability for the undersigned's responsibility to comply with the
requirements of the Exchange Act, (ii) any liability of the undersigned for any
failure to comply with such requirements, or (iii) any obligation or liability
of the undersigned for profit disgorgement under Section 16(b) of the Exchange
Act; and
(4) this Limited Power of Attorney does not relieve the
undersigned from responsibility for compliance with the undersigned's
obligations under the Exchange Act, including without limitation the reporting
requirements under Section 16 of the Exchange Act.
The undersigned hereby gives and grants the foregoing
attorneys-in-fact, and each of them acting individually without the other, full
power and authority to do and perform all and every act and thing whatsoever
requisite, necessary or appropriate to be done in and about the foregoing
matters as fully to all intents and purposes as the undersigned might or could
do if present, hereby ratifying all that such attorneys-in-fact of, for and on
behalf of the undersigned, shall lawfully do or cause to be done by virtue of
this Limited Power of Attorney.
This Limited Power of Attorney shall remain in full force and effect
until the undersigned is no longer required to file Forms 3, 4 and 5 with
respect to the undersigned's holdings of and transactions in securities issued
by the Company, unless earlier revoked by the undersigned in a signed writing
delivered to the foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Limited Power of
Attorney to be executed as of this 28th day of December, 2018.
/s/ Gary H. Slatko
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Gary H. Slatko
