Exhibit 10.1


 





VOTING AGREEMENT


 


In consideration of
INTRINSYC TECHNOLOGIES CORPORATION (the “Company”) entering into an arrangement agreement dated the date
hereof (the “Arrangement Agreement”) with LANTRONIX, INC. (the “Purchaser”), providing
for an arrangement involving the Company and the Purchaser pursuant to Section 192 of the Canada Business Corporations Act
(the “Transaction”), this voting agreement (the “Agreement”) dated as of October 30, 2019
sets out the terms on which __________________________ (the “Securityholder”) undertakes to take certain actions
and do certain things to support the Transaction.


 


WHEREAS the
Company is proposing to hold the Company Meeting to approve, inter alia, (i) the direct or indirect acquisition of all of
the issued and outstanding common shares of the Company by the Purchaser by way of the Transaction, and (ii) such other ancillary
matters as the Board may deem necessary in order to give effect to the Transaction;


 


AND WHEREAS
the Securityholder wishes to support the Transaction subject to the terms and conditions contained herein;


 


AND WHEREAS
the Parties have agreed to enter into this Agreement to provide for the support by the Securityholder of the Transaction;


NOW THEREFORE this Agreement witnesses
that, in consideration of the premises and the covenants and agreement herein contained and other good and valuable consideration,
the receipt and sufficiency of which is acknowledged, the Parties hereto agree as follows:


 


Article 1

INTERPRETATION


 


Section 1.1            Defined Terms.


 


		(1)	Capitalized terms used herein and not otherwise defined shall have the respective meanings ascribed
thereto in the Arrangement Agreement.



 


		(2)	The Securityholder and the Purchaser are collectively referred to as the “Parties”
and each a “Party”.



 


		(3)	“Board” means the board of directors of the Company.



 


		(4)	“Relevant Securities” means the Company Shares, Company Options and Company
RSUs, listed on Schedule “A”, and any Company Shares acquired by the Securityholder or any affiliate of the Securityholder
subsequent to the date hereof but on or prior to the record date in respect of the Company Meeting (as the same may be changed
in accordance with the Arrangement Agreement) including from the conversion or exercise of Company Options and Company RSUs.



 


		Section 1.2	Certain Rules of Interpretation.



 


In this Agreement, unless
otherwise specified:


 


		(1)	Headings, etc. The division of this Agreement into Articles and Sections and the insertion
of headings are for convenient reference only and do not affect the construction or interpretation of this Agreement.



 


		(2)	Gender and Number. Any reference to gender includes all genders. Words importing the singular
number only include the plural and vice versa.



 


		(3)	Certain Phrases, etc. The words (i) “including”, “includes”
and “include” mean “including (or includes or include) without limitation,” and (ii) unless stated
otherwise, “Article”, “Section”, and “Schedule” followed by a number or letter mean and
refer to the specified Article or Section of or Schedule to this Agreement.



 


 


 






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		(4)	References to Persons and Agreements. Any reference to a Person includes its heirs, administrators,
executors, legal personal representatives, successors and permitted assigns. The term “Agreement” and any
reference in this Agreement to this Agreement or any other agreement or document includes, and is a reference to, this Agreement
or such other agreement or document as it may have been, or may from time to time be amended, restated, replaced, supplemented
or novated and includes all schedules to it.



 


		(5)	Computation of Time. If the date on which any action is required or permitted to be taken
under this Agreement is not a Business Day, such action shall be required or permitted to be taken before 4:30 p.m. on the next
succeeding day which is a Business Day.



 


		(6)	Time References. References to time are to local time, Vancouver, British Columbia.



 


		Section 1.3	Schedule.



 


The schedule attached
to this Agreement forms an integral part of this Agreement for all purposes of it.


 


Article 2

REPRESENTATIONS AND WARRANTIES


 


Section 2.1            Representations and Warranties of Securityholder.


 


		(1)	The Securityholder hereby represents and warrants to the Purchaser (and acknowledges that the Purchaser
is relying upon such representations and warranties) that:



 


		(a)	the Securityholder is the registered and/or beneficial owner of,
or exercises control or direction over, all of the Relevant Securities listed in Schedule “A”;



 


		(b)	other than the Relevant Securities, the Securityholder does not own (as registered owner or beneficial
owner), or exercise control or direction over, any Company Shares or any options, warrants or other rights to acquire any additional
Company Shares or any security exercisable for or convertible into Company Shares;



 


		(c)	except pursuant hereto, no Person has any agreement or option, or any right or privilege (whether
by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase, acquisition or transfer of any
of the Relevant Securities, or any interest therein or right thereto, and none of the Relevant Securities are subject to any proxy,
voting trust, vote pooling or other agreement with respect to the right to vote the Relevant Securities, call meetings of holders
of the Company Shares or give consents or approvals of any kind;



 


		(d)	the Securityholder has the full authority and capacity to vote or direct the voting of the Relevant
Securities and to give or cause to be given a proxy for the Relevant Securities in connection with the Company Meeting;



 


		(e)	this Agreement has been duly executed and delivered by the Securityholder and constitutes a legal,
valid and binding obligation of the Securityholder, enforceable in accordance with its terms, subject to laws of general application
and bankruptcy, insolvency and other similar laws affecting creditors’ rights generally and general principles of equity;



 


		(f)	the execution and delivery of this Agreement by the Securityholder and the performance by the Securityholder
of its obligations contemplated herein do not and will not constitute a default, violation or breach under any contract, commitment,
agreement, arrangement, understanding or restriction to which the Securityholder is a party or by which it is bound, except such
violations, conflicts, defaults or breaches which could not, individually or in the aggregate, impair the ability of the Securityholder
to perform its obligations under this Agreement; and



 


 


 






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		(g)	to the actual knowledge of the Securityholder, there is no proceeding, claim or investigation pending
before any Governmental Entity, or threatened against the Securityholder or any properties of the Securityholder that, individually
or in the aggregate, could reasonably be expected to have an adverse effect on the Securityholder’s ability to execute and
deliver this Agreement and to perform his or her its obligations contemplated by this Agreement.



 


Section 2.2            Representations and Warranties of the Purchaser.


 


		(1)	The Purchaser hereby represents and warrants to the Securityholder (and acknowledges that the Securityholder
is relying upon such representations and warranties) that:



 


		(a)	it is a corporation duly incorporated, validly existing and in good standing under the laws of
its jurisdiction of incorporation;



 


		(b)	it has all necessary corporate power and authority to execute and deliver this Agreement;



 


		(c)	this Agreement has been duly executed and delivered by the Purchaser, and constitutes a legal,
valid and binding obligation of the Purchaser, enforceable in accordance with its terms, subject to laws of general application
and bankruptcy, insolvency and other similar laws affecting creditors’ rights generally and general principles of equity;



 


		(d)	the execution and delivery of and performance by the Purchaser of this Agreement does not and will
not constitute a default, violation or breach under any contract, commitment, agreement, arrangement, understanding or restriction
to which it is a party or by which it is bound, except such violations, conflicts, defaults or breaches which could not, individually
or in the aggregate, impair the ability of the Purchaser to perform its obligations under this Agreement; and



 


		(e)	to the actual knowledge of the Purchaser, there is no proceeding, claim or investigation pending
before any Governmental Entity, or threatened against the Purchaser that, individually or in the aggregate, could reasonably be
expected to have an adverse effect on the ability of the Purchaser to execute and deliver this Agreement and to perform its obligations
contemplated by this Agreement.



 


Article 3

SECURITYHOLDER COVENANTS


 


Section 3.1            Transfer of Relevant Securities.


 


		(1)	The Securityholder agrees that during the term of this Agreement, it will not, except as expressly
contemplated by this Agreement, directly or indirectly, in any manner:



 


		(a)	sell, transfer, gift, assign, pledge, hypothecate, encumber, convert
or otherwise dispose of any of the Relevant Securities or any interest therein or enter into any agreement, arrangement or understanding
in connection therewith, unless the Securityholder retains the irrevocable right to vote, or cause to be voted, the Relevant Securities
at the Company Meeting in favour of the Arrangement Resolution (and any other resolution put forward at the Company Meeting
that is required for the consummation of the transactions contemplated by the Arrangement Agreement) in
accordance with his or her or its obligations under this Agreement; provided that, the Securityholder may (i) exercise Company
Options to acquire additional Company Shares and/or settle Company RSUs to acquire additional Company Shares, and (ii) transfer
Relevant Securities to a corporation, family trust, RRSP or other entity directly or indirectly owned or controlled by the Securityholder
or under common control with or controlling the Securityholder provided that (w) such transfer shall not relieve or release the
Securityholder of or from any of its obligations under this Agreement, including, without limitation, the obligation of the Securityholder
to vote or cause to be voted all Relevant Securities at the Company Meeting in favour of the Arrangement Resolution (and any other
resolution put forward at the Company Meeting that is required for the consummation of the transactions contemplated by the Arrangement
Agreement), (x) prompt written notice of such transfer is provided to the Purchaser, (y) the transferee continues to be a corporation
or other entity directly or indirectly controlling the Securityholder, or owned or controlled by the Securityholder, at all times
prior to the Company Meeting; or



 


 






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		(b)	deposit any of the
Relevant Securities into a voting trust, or grant (or permit to be granted) any proxies or powers of attorney or attorney in fact,
or enter into a voting agreement, understanding or arrangement, with respect to the voting of its Relevant Securities, in
each case, without having first obtained the prior written consent of the Purchaser, which consent shall
not be unreasonably withheld.



 


Section 3.2            Non-Solicitation.


 


		(1)	The Securityholder agrees that it shall:



 


		(a)	not, directly or indirectly:



 


		(i)	solicit, initiate, knowingly encourage or otherwise facilitate (including by way of furnishing
any non-public information) any inquiry, proposal or offer that constitutes or may reasonably be expected to lead to, an Acquisition
Proposal;



 


		(ii)	engage or participate in any discussions or negotiations with any Person (other than the Purchaser)
regarding any Acquisition Proposal;



 


		(iii)	enter into or publicly propose to enter into any agreementrelating to an Acquisition Proposal;
and



 


		(b)	immediately cease and terminate, and cause to be terminated, any solicitation, encouragement, discussions
or negotiations commenced prior to the date of this Agreement with any Person (other than the Purchaser) by or on behalf of the
Securityholder with respect to any Acquisition Proposal or any inquiry, proposal or offer that may reasonably be expected to lead
to an Acquisition Proposal, whether or not initiated by the Securityholder,



 


provided that if at any
time, prior to obtaining the approval by the holders of Company Shares eligible to vote in respect of the Arrangement Resolution,
the Company receives a written Acquisition Proposal that was not, directly or indirectly, solicited, initiated, knowingly encouraged
or otherwise facilitated in violation of Section 5.1 of the Arrangement Agreement, the Securityholder may engage in or participate
in discussions or negotiations with such Person regarding such Acquisition Proposal provided that (i) the Board is permitted by
Section 5.2 of the Arrangement Agreement to engage in such discussions or negotiations, and (ii) such Acquisition Proposal did
not result from a breach by the Securityholder of the provisions of this Agreement.


 


Section 3.3            Voting.


 


		(1)	The Securityholder hereby irrevocably covenants, undertakes and agrees that, from the date hereof
until the termination of this Agreement pursuant to Article 4, it shall:



 


		(a)	vote (or cause to be voted) all of the Relevant Securities (to the extent that such Relevant Securities
are entitled to a vote in respect of such matters):



 


 


 






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		(i)	in favour of the of the Arrangement Resolution (and any other
resolution put forward at the Company Meeting that is required in furtherance thereof) at the Company
Meeting and/or every meeting of the securityholders of the Company at which such matters are considered and at every adjournment
or postponement thereof, and not withdraw any proxies or change its vote in respect thereof; and



 


		(ii)	against any resolution proposed by the Company or any other Person that would reasonably be expected
to adversely affect or reduce the likelihood of the successful completion of the Transaction;



 


		(b)	except as contemplated by this Agreement, not vote or grant to any Person other than the Purchaser
a proxy to vote or enter into any voting trust, vote pooling or other agreement with respect to the right to vote the Relevant
Securities (and will cause such Relevant Securities not to be voted) in favour of any Acquisition Proposal;



 


		(c)	deliver, or cause to be delivered, to the Company’s transfer agent, or as otherwise directed
by the Company, after receipt of proxy materials for, and no later than five (5) Business Days before the date of, the Company
Meeting or any other meeting of the securityholders (or any of them) of the Company called for the purpose of approving the Transaction,
a duly executed proxy (in favour of the Purchaser if so requested by the Purchaser, acting reasonably) directing that the Relevant
Securities be voted at such meeting in favour of the Arrangement Resolution and all related matters; and



 


		(d)	not take any action that is intended to prevent the completion of the Transaction.



 


		(2)	The Securityholder shall not, and hereby agrees not to:



 


		(a)	assert or exercise any dissent rights in respect of the Transaction or the transactions associated
therewith that the Securityholder may have; and



 


		(b)	commence or participate in, and shall, and hereby agrees to, take all actions necessary to opt
out of any class in any class action with respect to, any claim, derivative or otherwise, against the Company, the Purchaser or
any of their respective Subsidiaries (or any of their respective successors) relating to the negotiation, execution and delivery
of the Arrangement Agreement or any other agreement relating to the Transaction or the consummation of the Transaction.



 


		(3)	The Securityholder hereby revokes any and all previous proxies granted that may conflict or be
inconsistent with the matters set forth in this Agreement and the Securityholder agrees not to, directly or indirectly, grant any
other proxy or power of attorney with respect to the matters set forth in this Agreement except as expressly required or permitted
by this Agreement.



 


		Section 3.4	No Agreement as Director or Officer.



 


The
Securityholder is entering into this Agreement solely in its capacity as the legal and beneficial owner of, or the Person who exercises
control or direction over, the Relevant Securities and in no other capacity. Consequently, nothing in this Agreement shall be construed
as in any manner restricting, limiting or prohibiting the Securityholder (or any of its directors, officers, employees or shareholders)
from taking any action, or refraining from taking any action, in his or her capacity as a director, officer or employee of the
Company or any of its Subsidiaries on behalf of the Company and its Subsidiaries to the extent permitted under the Arrangement
Agreement. Nothing in this Agreement will be construed to prohibit, limit or restrict the Securityholder
from exercising his or her fiduciary duties as a director or officer of the Company or any of its Subsidiaries.


 


 






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Article 4

TERMINATION


 


		Section 4.1	Termination.



 


		(1)	This Agreement shall automatically terminate upon the earlier of:



 


		(a)	the Effective Time;



 


		(b)	the date of termination of the Arrangement Agreement in accordance with its terms; and



 


		(c)	the mutual consent in writing of the Parties.



 


		(2)	This Agreement may be terminated by the Securityholder if:



 


		(a)	any representation or warranty of the Purchaser under this Agreement or under the Arrangement Agreement
is untrue or incorrect in any material respect;



 


		(b)	theamount of the Consideration offered by the Purchaser to the holders of Subject Securities pursuant
to the Transaction is reduced, the form of the Consideration is changed, or the terms of the Arrangement Agreement are otherwise
changed in any manner that isadverse to the Securityholder;



 


		(c)	the Board publicly announces its recommendation in support of a Superior Proposal; or



 


		(d)	the transaction is not completed by the Outside Date,



 


provided that
at the time of such termination under clause (a), (c) or (d), the Securityholder is not in material default in the performance
of its obligations under this Agreement.


 


		Section 4.2	Effect of Termination.



 


If this Agreement is
terminated in accordance with the provisions of this Article 4, no Party shall have any further liability to perform its obligations
under this Agreement except as expressly contemplated by this Agreement, and provided that neither the termination of this Agreement
nor anything contained in this Article 4 shall relieve any Party from any liability for any breach by it of this Agreement, including
from any inaccuracy in its representations and warranties and any non-performance by it of its covenants made herein.


 


		Section 4.3	Remedies.



 


The Parties agree that
irreparable harm would occur for which money damages would not be an adequate remedy at law in the event that any of the provisions
of this Agreement were not performed by the Securityholder or the Purchaser in accordance with their specific terms or were otherwise
breached by the Securityholder or the Purchaser. It is accordingly agreed that the Parties shall be entitled to injunctive and
other equitable relief to prevent breaches of this Agreement, and to enforce compliance with the terms of this Agreement against
the Securityholder or the Purchaser, as applicable, without any requirement for the securing or posting of any bond in connection
with the obtaining of any such injunctive or other equitable relief, this being in addition to any other remedy to which the Parties
may be entitled at law or in equity.


 


Article 5

GENERAL PROVISIONS


 


		Section 5.1	Disclosure.



 


		(1)	The Securityholder agrees:



 


		(a)	to the existence and factual details of this Agreement (other than registration particulars set
out in Schedule “A”) being set out in any public disclosure, including, without limitation, press releases, information
circulars and court materials, produced by the Company or the Purchaser in connection with the Transaction; and



 


 


 






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		(b)	to this Agreement (other than registration particulars set out in Schedule “A”) being
filed and/or available for inspection by the public to the extent required by applicable securities laws or stock exchange rules.



 


		Section 5.2	Notices.



 


Any notice, or other
communication given regarding the matters contemplated by this Agreement (must be in writing, sent by personal delivery, courier
or by electronic mail and addressed:


 


		(a)	to the Purchaser and the Company (following the Effective Time)
at:



 


Lantronix, Inc.


7535 Irvine Center Drive, Suite 100

Suite 100, Irvine, CA 92618


 





	 	Attention:	Paul Pickle, President and Chief Executive Officer
	 	Email:	ppickle@lantronix.com






 


with a copy (which will not
constitute notice) to:


 


O’Melveny
& Meyers LLP


2765
Sand Hill Road


Menlo
Park, California 94025


 








	 	Attention:	Warren
T. Lazarow
	 	Email:	wlazarow@omm.com










 


		(b)	to the Company (prior to the Effective Time) at:



 


Intrinsyc
Technologies Corporation


380 –
885 Dunsmuir Street


Vancouver, British Columbia V6C 1N5


 











	 	Attention:	Daniel
Marks, Independent Director
	 	Email:	dmarks@stonehousecapital.com










 


with a
copy (which will not constitute notice) to:


 


Farris
LLP


2500-700
West Georgia Street


Vancouver,
British Columbia V7Y 1B3


Canada


 














	 	Attention:	Denise
Nawata
	 	Email:	dnawata@farris.com













 


		Section 5.3	Time of the Essence.



 


Time is of the essence
in this Agreement.


 


 


 


 






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		Section 5.4	Waiver.



 


No waiver of any of
the provisions of this Agreement will constitute a waiver of any other provision (whether or not similar). No waiver will be binding
unless executed in writing by the Party to be bound by the waiver. A Party’s failure or delay in exercising any right under
this Agreement will not operate as a waiver of that right. A single or partial exercise of any right will not preclude a Party
from any other or further exercise of that right or the exercise of any other right.


 


		Section 5.5	Entire Agreement.



 


This Agreement constitutes
the entire agreement between the parties with respect to the transactions contemplated by this Agreement and supersedes all prior
agreements, understandings, negotiations and discussions, whether oral or written, of the Parties. There are no representations,
warranties, covenants, conditions or other agreements, express or implied, collateral, statutory or otherwise, between the Parties
in connection with the subject matter of this Agreement, except as specifically set forth in this Agreement. The Parties have not
relied and are not relying on any other information, discussion or understanding in entering into and completing the transactions
contemplated by this Agreement.


 


		Section 5.6	Successors and Assigns.



 


		(1)	This Agreement becomes effective only when executed by the Securityholder and the Purchaser. After
that time, it will be binding upon and enure to the benefit of the Securityholder, the Purchaser and their respective successors
and permitted assigns.



 


		(2)	Neither this Agreement nor any of the rights or obligations under this Agreement are assignable
or transferable by any Party without the prior written consent of the other Party.



 


		Section 5.7	Severability.



 


If any provision of
this Agreement is determined to be illegal, invalid or unenforceable by an arbitrator or any court of competent jurisdiction, that
provision will be severed from this Agreement and the remaining provisions shall remain in full force and effect. Upon such determination
that any term or other provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith
to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the
end that the transactions contemplated hereby are fulfilled to the fullest extent possible.


 


		Section 5.8	Governing Law.



 


		(1)	This Agreement will be governed by and interpreted and enforced in accordance with the laws of
the Province of British Columbia and the federal laws of Canada applicable therein.



 


		(2)	Each Party irrevocably attorns and submits to the exclusive jurisdiction of the British
Columbia courts situated in the City of Vancouver and waives objection to the venue of any proceeding in such court or that such
court provides an inconvenient forum.



 


		Section 5.9	Rules of Construction.



 


The Parties to this
Agreement waive the application of any law or rule of construction providing that ambiguities in any agreement or other document
shall be construed against the Party drafting such agreement or other document.


 


		Section 5.10	Counterparts.



 


This Agreement may
be executed in any number of counterparts (including counterparts by PDF or facsimile) and all such counterparts taken together
shall be deemed to constitute one and the same instrument. The Parties shall be entitled to rely upon delivery of an executed PDF,
facsimile or similar executed electronic copy of this Agreement, and such PDF, facsimile or similar executed electronic copy shall
be legally effective to create a valid and binding agreement between the Parties.


 


[Remainder of page intentionally left
blank. Signature pages follow.]


 


 


 






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This Agreement has been agreed and accepted
on the date first written above.


 








           



 


	 	 	LANTRONIX, INC.
	 	 	 
	 	 	By: ____________________________
	 	 	   Authorized Signing Officer
	 	 	 
	If a corporation:		If an individual:
	 	 	 
	[insert name of corporation]	 	 
	 	 	 
	 	 	 
	By: ____________________________	 	______________________________
	  Authorized Signing Officer 	 	Securityholder
	 	 	 






 


 


 


 


 


 


 


 


 


 






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SCHEDULE A


 


RELEVANT SECURITIES


 


	Class of Securities	 	Number of Securities Held
	Company Shares	 	 
	Company Options	
        Vested

         

        Unvested
	 
	Company RSUs	
        Vested

         

        Unvested
	 


 


 


 




 


 


 


 


 


 


 


 


 


 






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