Exhibit 10.2


 


REGISTRATION RIGHTS
AGREEMENT


 


This Registration Rights
Agreement (this “Agreement”) is made and entered into as of November 22, 2017 by and among Argos Therapeutics,
Inc., a Delaware corporation (the “Company”), and Saint-Gobain Plastics Performance Corporation, a California
corporation (“Saint-Gobain”).


 


The parties hereby agree as follows:


 


1.       Certain Definitions.


 


As used in this Agreement, the following terms shall have the following
meanings:


 


“Affiliate” means, with respect to any Person,
any other Person which directly or indirectly through one or more intermediaries Controls, is controlled by, or is under common
Control with, such Person.


 


“Business Day” means a day, other than a Saturday
or Sunday, on which banks in New York City are open for the general transaction of business.


 


“Common Stock” means shares of the Company’s
common stock, par value $0.001 per share.


 


“Control” (including the terms “controlling”,
“controlled by” or “under common control with”) means the possession, direct or indirect, of the power
to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities,
by contract or otherwise.


 


“Conversion Shares” means shares of Common Stock
or others securities issued or issuable upon the conversion of the Convertible Note.


 


“Convertible Note” means the convertible promissory
note in the aggregate original principal amount of $2,360,000 issued to Saint-Gobain pursuant to the Satisfaction and Release Agreement,
dated as of the date hereof, by and among the Company and Saint-Gobain (the “Satisfaction and Release Agreement”).


 


“Effective Date” has the meaning set forth in
the Satisfaction and Release Agreement.


 


“Initial Common Shares” has the meaning set forth
in the Satisfaction and Release Agreement.


 


“Investor” means Saint-Gobain and any Affiliate
or permitted transferee of Saint-Gobain who is a subsequent holder of Registrable Securities.


 


“Person” means an individual, corporation, partnership,
limited liability company, trust, business trust, association, joint stock company, joint venture, sole proprietorship, unincorporated
organization, governmental authority or any other form of entity not specifically listed herein.


 






     


     

    

 


“Prospectus” means (i) the prospectus included
in any Registration Statement, as amended or supplemented by any prospectus supplement, with respect to the terms of the offering
of any portion of the Registrable Securities covered by such Registration Statement and by all other amendments and supplements
to the prospectus, including post-effective amendments and all material incorporated by reference in such prospectus, and (ii) any
“free writing prospectus” as defined in Rule 405 under the 1933 Act.


 


“Register,” “registered” and
“registration” refer to a registration made by preparing and filing a Registration Statement or similar document
in compliance with the 1933 Act (as defined below), and the declaration or ordering of effectiveness of such Registration Statement
or document.


 


“Registrable Securities” means (i) the Initial
Common Shares, (ii) the Conversion Shares and ,(iii) any other securities issued or issuable with respect to or in exchange for
or replacement of the Initial Common Shares or the Conversion Shares, whether by merger, charter amendment, dividend, distribution
or otherwise; provided that a security shall cease to be a Registrable Security upon (A) sale pursuant to a Registration Statement
or Rule 144 under the 1933 Act, or (B) such security becoming eligible for sale without restriction by the Investor pursuant
to Rule 144 under the 1933 Act.


 


“Registration Statement” means any registration
statement of the Company under the 1933 Act that covers the resale of any of the Registrable Securities pursuant to the provisions
of this Agreement, amendments and supplements to such Registration Statement, including post-effective amendments, all exhibits
and all material incorporated by reference in such Registration Statement.


 


“SEC” means the U.S. Securities and Exchange Commission.


 


“SEC Filings” means true and complete copies of
the Company’s filings pursuant to the 1934 Act, including the exhibits thereto.


 


“1933 Act” means the Securities Act of 1933, as
amended, or any successor statute, and the rules and regulations promulgated thereunder.


 


“1934 Act” means the Securities Exchange Act of
1934, as amended, or any successor statute, and the rules and regulations promulgated thereunder.


 


2.       Registration.


 


(a)       Registration Statements.
Promptly following the Effective Date but no later than forty-five (45) days after the Effective Date (the “Filing Deadline”),
the Company shall prepare and file with the SEC one Registration Statement covering the resale of all of the Registrable Securities.
Subject to any SEC comments, such Registration Statement shall include the plan of distribution attached hereto as Exhibit A;
provided, however, that the Investor shall not be named as an “underwriter” in such Registration Statement without
the Investor’s prior written consent. Such Registration Statement also shall cover, to the extent allowable under the 1933
Act and the rules promulgated thereunder (including Rule 416), such indeterminate number of additional shares of Common Stock
resulting from stock splits, stock dividends or similar transactions with respect to the Registrable Securities. Such Registration
Statement (and each amendment or supplement thereto) shall be provided in accordance with Section 3(c) to the Investor prior to
its filing or other submission. If such a Registration Statement covering the Registrable Securities is not filed with the SEC
on or prior to the Filing Deadline, the Company will make payments to the Investor, as liquidated damages and not as a penalty,
in an amount equal to $10,000 for each 30-day period or pro rata for any portion thereof following the Filing Deadline for which
no such Registration Statement is filed with respect to the Registrable Securities. Such payments shall constitute the Investor’s
exclusive monetary remedy for such events, but shall not affect the right of the Investor to seek injunctive relief. Such payments
shall be made to the Investor in cash no later than three (3) Business Days after the end of each 30-day period (the “Payment
Date”). Interest shall accrue at the rate of 1% per month on any such liquidated damages payments that shall not be paid
by the Payment Date until such amount is paid in full.


 






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(b)       Expenses. The Company
will pay all expenses associated with the registration, including filing and printing fees, the Company’s counsel and accounting
fees and expenses, costs associated with clearing the Registrable Securities for sale under applicable state securities laws, listing
fees, and the legal expenses of the Investor incurred in connection with the resale registration obligations of the Company, but
excluding discounts, commissions, fees of underwriters, selling brokers, dealer managers or similar securities industry professionals
with respect to the Registrable Securities being sold; provided, however, that the total legal expenses of the Investor for which
the Company shall be liable shall not exceed $30,000.


 


(c)       Effectiveness; Maintenance.


 


(i)       The Company shall use
best efforts to have the Registration Statement declared effective as soon as practicable after the filing thereof. The Company
shall respond promptly to any and all comments made by the staff of the SEC on such Registration Statement, and shall submit to
the SEC, within two (2) Business Days after the Company learns that no review of the Registration Statement will be made by the
staff of the SEC or that the staff of the SEC has no further comments on such Registration Statement, as the case may be, a request
for acceleration of the effectiveness of such Registration Statement to a time and date not later than two (2) Business Days after
the submission of such requests. The Company shall notify the Investor by facsimile or e-mail as promptly as practicable, and in
any event, within twenty-four (24) hours, after the Registration Statement is declared effective and shall simultaneously
provide the Investor with copies of any related Prospectus to be used in connection with the sale or other disposition of the securities
covered thereby. If (A) such Registration Statement covering the Registrable Securities is not declared effective by the SEC prior
to the 60th day after the Filing Deadline; or (B) after such Registration Statement has been declared effective by the SEC, if
such Registration Statement is not available to cover any sales of Registrable Securities registered by such Registration Statement
including by reason of a stop order or the Company’s failure to update such Registration Statement, other than as a result
of any Allowed Delay (as defined below), then the Company will make payments to the Investor if then holding Registrable Securities,
as liquidated damages and not as a penalty, in an amount equal to $10,000 for each 30-day period or pro rata for any portion thereof
following the date by which such Registration Statement should have been effective (the “Blackout Period”).
Such payments shall constitute the Investor’s exclusive monetary remedy for such events, but shall not affect the right of
the Investor to seek injunctive relief. The amounts payable as liquidated damages pursuant to this paragraph shall be paid monthly
within three (3) Business Days of the last day of each month following the commencement of the Blackout Period until the termination
of the Blackout Period (the “Blackout Period Payment Date”). Such payments shall be made to the Investor in
cash. Interest shall accrue at the rate of 1% per month on any such liquidated damages payments that shall not be paid by the Blackout
Payment Date until such amount is paid in full.


 






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(ii)       For not more than thirty
(30) consecutive days or for a total of not more than sixty (60) days (which need not be consecutive) in any twelve (12) month
period, the Company may suspend the use of any Prospectus included in any Registration Statement contemplated by this Section in
the event that the Company determines in good faith that such suspension is necessary to (A) delay the disclosure of material
nonpublic information concerning the Company, the disclosure of which at the time is not, in the good faith opinion of the Company,
in the best interests of the Company or (B) amend or supplement the Registration Statement or the related Prospectus so that
such Registration Statement or Prospectus shall not include an untrue statement of a material fact or omit to state a material
fact required to be stated therein or necessary to make the statements therein, in the case of the Prospectus in light of the circumstances
under which they were made, not misleading (an “Allowed Delay”); provided, that the Company shall promptly (a)
notify the Investor in writing of the commencement of an Allowed Delay, but shall not (without the prior written consent of the
Investor) disclose to the Investor any material nonpublic information giving rise to an Allowed Delay, (b) advise the Investor
in writing to cease all sales under such Registration Statement until the end of the Allowed Delay and (c) use commercially reasonable
efforts to terminate an Allowed Delay as promptly as practicable.


 


(d)       Rule 415; Cutback.
If at any time the SEC takes the position that the offering of some or all of the Registrable Securities in the Registration Statement
is not eligible to be made on a delayed or continuous basis under the provisions of Rule 415 under the 1933 Act or requires
the Investor to be named as an “underwriter,” the Company shall use its best efforts to persuade the SEC that the offering
contemplated by the Registration Statement is a valid secondary offering and not an offering “by or on behalf of the issuer”
as defined in Rule 415 and that the Investor is not an “underwriter.” The Investor shall have the right to participate
or have its counsel participate in any meetings or discussions with the SEC regarding the SEC’s position and to comment or
have its counsel comment on any written submission made to the SEC with respect thereto. No such written submission shall be made
to the SEC to which the Investor’s counsel reasonably objects. In the event that, despite the Company’s best efforts
and compliance with the terms of this Section 2(d), the SEC refuses to alter its position, the Company shall (i) remove
from the Registration Statement such portion of the Registrable Securities (the “Cut Back Shares”) and/or (ii) agree
to such restrictions and limitations on the registration and resale of the Registrable Securities as the SEC may require to assure
the Company’s compliance with the requirements of Rule 415 (collectively, the “SEC Restrictions”);
provided, however, that the Company shall not agree to name the Investor as an “underwriter” in such Registration Statement
without the prior written consent of the Investor. Any cut-back imposed on the Investor pursuant to this Section 2(d) shall be
applied first to any of the Registrable Securities of the Investor as the Investor shall designate, unless the SEC Restrictions
otherwise require or provide or the Investor otherwise agrees. No liquidated damages shall accrue as to any Cut Back Shares until
such date as the Company is able to effect the registration of such Cut Back Shares in accordance with any SEC Restrictions applicable
to such Cut Back Shares (such date, the “Restriction Termination Date”). From and after the Restriction Termination
Date applicable to any Cut Back Shares, all of the provisions of this Section 2 (including the Company’s obligations
with respect to the filing of the Registration Statement and its obligations to use best efforts to have such Registration Statement
declared effective within the time periods set forth herein and the liquidated damages provisions relating thereto) shall again
be applicable to such Cut Back Shares; provided, however, that the Filing Deadline for the Registration Statement including such
Cut Back Shares shall be ten (10) Business Days after such Restriction Termination Date.


 






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(e)       Other Registration
Statements. Following the Effective Date, until the Registration Statement contemplated under this Agreement registering the
Registrable Securities has been declared effective, the Company will not register any Company securities for sale or resale other
than pursuant to such Registration Statement or pursuant to that certain Registration Rights Agreement, dated September 22, 2017,
by and between the Company and Invetech Pty Ltd.


 


3.       Company Obligations.
The Company will use best efforts to effect the registration of the Registrable Securities in accordance with the terms hereof,
and pursuant thereto the Company will, as expeditiously as possible:


 


(a)       use best efforts to cause
the Registration Statement to become effective and to remain continuously effective for a period that will terminate upon the earlier
of (i) the date on which all Registrable Securities covered by such Registration Statement as amended from time to time, have
been sold, and (ii) the date on which all Registrable Securities covered by such Registration Statement may be sold without
restriction within a ninety (90) day period pursuant to Rule 144 under the 1933 Act (the “Effectiveness Period”)
and advise the Investor promptly in writing when the Effectiveness Period has expired;


 


(b)       prepare and file with
the SEC such amendments and post-effective amendments to such Registration Statement and the related Prospectus as may be necessary
to keep such Registration Statement effective for the Effectiveness Period and to comply with the provisions of the 1933 Act and
the 1934 Act with respect to the distribution of all of the Registrable Securities covered thereby;


 


(c)       provide copies to and
permit Investor’s legal counsel to review such Registration Statement and all amendments and supplements thereto in advance
of their filing with the SEC and not file any document to which such counsel reasonably objects;


 


(d)       furnish to the Investor
and its legal counsel (i) immediately after the same is prepared and publicly distributed, filed with the SEC, or received by the
Company (but not later than one (1) Business Day after the filing date, receipt date or sending date, as the case may be)
one (1) copy of the Registration Statement and any amendment thereto, each preliminary prospectus and Prospectus and each amendment
or supplement thereto, and each letter written by or on behalf of the Company to the SEC or the staff of the SEC, and each item
of correspondence from the SEC or the staff of the SEC, in each case relating to such Registration Statement (other than any portion
of any thereof which contains information for which the Company has sought confidential treatment) and (ii) such number of copies
of a Prospectus, including a preliminary prospectus, and all amendments and supplements thereto and such other documents as the
Investor may reasonably request in order to facilitate the disposition of the Registrable Securities owned by the Investor that
are covered by such Registration Statement;


 






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(e)       use best efforts to (i) prevent
the issuance of any stop order or other suspension of effectiveness and, (ii) if such order is issued, obtain the withdrawal
of any such order at the earliest possible moment and to notify the Investor of the issuance of such order and the resolution thereof;


 


(f)       use best efforts to register
or qualify (unless an exemption from the registration or qualification exists) the Registrable Securities for offer and sale under
the securities or blue sky laws of such domestic jurisdictions as are reasonably requested by the Investor and do any and all other
acts or filings necessary or advisable to enable a distribution in such jurisdictions of the Registrable Securities covered by
the Registration Statement; provided, however, that the Company shall not be required in connection therewith or as a condition
thereto to (i) qualify to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section
3(f), (ii) subject itself to general taxation in any jurisdiction where it would not otherwise be so subject but for this Section
3(f), or (iii) file a general consent to service of process in any such jurisdiction unless the Company is already subject to service
in such jurisdiction and except as may be required by the 1933 Act;


 


(g)       immediately notify the
Investor, at any time prior to the end of the Effectiveness Period, upon discovery that, or upon the happening of any event as
a result of which, the Prospectus includes an untrue statement of a material fact or omits to state any material fact required
to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing, and
promptly prepare, file with the SEC and furnish to such holder a supplement to or an amendment of such Prospectus as may be necessary
so that such Prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing;


 


(h)       use its best efforts either
to (i) cause all of the Registrable Securities covered by each Registration Statement to be listed on each securities exchange
on which securities of the same class or series issued by the Company are then listed, if any, if the listing of such Registrable
Securities is then permitted under the rules of such exchange, (ii) secure designation and quotation of all of the Registrable
Securities covered by each Registration Statement on the OTC Bulletin Board, or (iii) if, despite the Company’s efforts to
satisfy the preceding clauses (i) or (ii) the Company is unsuccessful in satisfying the preceding clauses (i) or (ii), without
limiting the generality of the foregoing, to use best efforts to arrange for at least two market makers to register with the Financial
Industry Regulatory Authority as such with respect to such Registrable Securities;


 






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(i)       if requested by the Investor,
as soon as practicable after receipt of notice from such Investor and subject to any Allowed Delay pursuant to Section 2(c)(ii),
(i) incorporate in the Prospectus or post-effective amendment such information as the Investor reasonably requests to be included
in the Registration Statement relating to the sale and distribution of Registrable Securities, including, without limitation, information
with respect to the number of Registrable Securities being offered or sold, the purchase price being paid therefor and any other
terms of the offering of the Registrable Securities to be sold in such offering and (ii) make all required filings of such Prospectus
or post-effective amendment after being notified of the matters to be incorporated in such Prospectus or post-effective amendment;


 


(j)       in connection with an
underwritten offering, enter into an underwriting agreement, in usual and customary form, with the underwriter(s) of such offering;


 


(k)       otherwise use best efforts
to comply with all applicable rules and regulations of the SEC under the 1933 Act and the 1934 Act, including, without limitation,
Rule 172 under the 1933 Act, file any final Prospectus, including any supplement or amendment thereof, with the SEC pursuant
to Rule 424 under the 1933 Act, promptly inform the Investor in writing if, at any time during the Effectiveness Period, the
Company does not satisfy the conditions specified in Rule 172 and, as a result thereof, the Investor is required to deliver
a Prospectus in connection with any disposition of Registrable Securities and take such other actions as may be reasonably necessary
to facilitate the registration of the Registrable Securities hereunder; and make available to its security holders, as soon as
reasonably practicable, but not later than the Availability Date (as defined below), an earnings statement covering a period of
at least twelve (12) months, beginning after the effective date of each Registration Statement, which earnings statement shall
satisfy the provisions of Section 11(a) of the 1933 Act, including Rule 158 promulgated thereunder (for the purpose of this
subsection 3(i), “Availability Date” means the 45th day following the end of the fourth full fiscal quarter following
the effective date of such Registration Statement, except that, if such fourth fiscal quarter is the last quarter of the Company’s
fiscal year, “Availability Date” means the 90th day after the end of such fourth fiscal quarter); and


 


(l)       with a view to making
available to the Investor the benefits of Rule 144 (or its successor rule) and any other rule or regulation of the SEC that
may at any time permit the Investor to sell shares of Common Stock to the public without registration, the Company covenants and
agrees to: (i) make and keep public information available, as those terms are understood and defined in Rule 144, until
the earlier of (A) six months after such date as all of the Registrable Securities may be sold without restriction within
a ninety (90) day period by the holders thereof pursuant to Rule 144 or any other rule of similar effect or (B) such
date as all of the Registrable Securities shall have been resold; (ii) file with the SEC in a timely manner all reports and
other documents required of the Company under the 1934 Act; and (iii) furnish to the Investor upon request, as long as the
Investor owns any Registrable Securities, (A) a written statement by the Company that it has complied with the reporting requirements
of the 1934 Act, (B) a copy of the Company’s most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q,
and (C) such other information as may be reasonably requested in order to avail the Investor of any rule or regulation of
the SEC that permits the selling of any such Registrable Securities without registration.


 






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(m)       otherwise use its best
efforts to take all other steps necessary to effect the registration of such Registrable Securities contemplated hereby.


 


4.       Obligations of the
Investor.


 


(a)       The Investor shall furnish
in writing to the Company such information regarding itself, the Registrable Securities held by it and the intended method of disposition
of the Registrable Securities held by it, as shall be reasonably required to effect the registration of such Registrable Securities
and shall execute such documents in connection with such registration as the Company may reasonably request. At least ten (10) Business
Days prior to the first anticipated filing date of any Registration Statement, the Company shall notify the Investor of the information
the Company requires from the Investor if the Investor is to have any of the Registrable Securities included in such Registration
Statement. The Investor shall provide such information to the Company at least two (2) Business Days prior to the first anticipated
filing date of such Registration Statement if the Investor is to have any of the Registrable Securities included in such Registration
Statement. If the Investor fails to provide to the Company the information required by this Section 4(a) by such date, the Company
shall not be obligated to include the Investor’s Registrable Securities in such Registration Statement until such information
has been supplied by the Investor and the Filing Deadline shall be extended by the number of Business Days that transpired between
such date the information was due and the date the information was supplied by the Investor.


 


(b)       The Investor, by its acceptance
of the Registrable Securities, agrees to cooperate with the Company as reasonably requested by the Company in connection with the
preparation and filing of the Registration Statement hereunder, unless the Investor has notified the Company in writing of its
election to exclude all of its Registrable Securities from such Registration Statement.


 


(c)       The Investor agrees that,
upon receipt of any notice from the Company of either (i) the commencement of an Allowed Delay pursuant to Section 2(c)(ii)
or (ii) the happening of an event pursuant to Section 3(h) hereof, the Investor will immediately discontinue disposition of
Registrable Securities pursuant to the Registration Statement, until the Investor is advised by the Company that such dispositions
may again be made.


 


(d)       The Investor agrees that,
on any trading day for the principal market on which the Common Stock is then listed (the “Principal Market”),
it will not dispose of or agree to dispose of, whether or not pursuant to the Registration Statement, a number of shares of Registrable
Securities in the aggregate that exceeds 7.5% of the weighted average daily trading volume of the Common Stock over the 20 consecutive
trading days immediately preceding such trading day (as adjusted for stock dividends, stock splits, stock combinations, recapitalizations
and similar events affecting the Common Stock), without the Company’s prior consent.


 


5.       Due Diligence Review;
Information.


 


The Company shall make available, during normal business hours, for
inspection and review by the Investor and advisors and representatives of the Investor and any underwriters (who may or may not
be affiliated with the Investor and who are reasonably acceptable to the Company), all SEC Filings and other filings with the SEC,
and all other corporate documents and properties of the Company as may be reasonably necessary for the purpose of such review,
for the sole purpose of enabling the Investor and such representatives, advisors and underwriters and their respective accountants
and attorneys to conduct initial and ongoing due diligence with respect to the accuracy of the Registration Statement; provided
that the Company shall have no obligation to provide such information or documentation (i) that the Company reasonably determines
in good faith to be a trade secret or highly confidential information or (ii) to any such representative, advisor, underwriter,
accountant or attorney unless and until such representative, advisor, underwriter, accountant or attorney has entered into a confidentiality
agreement with the Company on terms satisfactory to the Company with respect to such information and documentation.


 






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6.       Indemnification.


 


(a)       Indemnification by
the Company. The Company will indemnify and hold harmless the Investor and its officers, directors, members, employees and
agents, successors and assigns, and each other person, if any, who controls, or is alleged to control, the Investor within the
meaning of the 1933 Act, against any losses, claims, damages or liabilities, joint or several, to which they may become subject
under the 1933 Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out
of or are based upon: (i) any untrue statement or alleged untrue statement or omission or alleged omission of any material
fact contained in the Registration Statement, any preliminary Prospectus or final Prospectus, or any amendment or supplement thereof;
(ii) the omission or alleged omission to state, in any blue sky application or other document executed by the Company specifically
for that purpose or based upon written information furnished by the Company filed in any state or other jurisdiction in order to
qualify any or all of the Registrable Securities under the securities laws thereof (any such application, document or information
herein called a “Blue Sky Application”), a material fact required to be stated therein or necessary to make
the statements therein not misleading; (iii) any violation by the Company or its agents of any rule or regulation promulgated
under the 1933 Act applicable to the Company or its agents and relating to action or inaction required of the Company in connection
with such registration to the extent Registrable Securities of the Investor were registered thereunder; or (iv) any failure to
register or qualify the Registrable Securities included in any such Registration Statement in any state where the Company or its
agents has affirmatively undertaken or agreed in writing that the Company will undertake such registration or qualification on
the Investor’s behalf pursuant to the Investor’s affirmative request under Section 3(f) hereof; and the Company will
reimburse the Investor, and each such officer, director or member and each such controlling person for any legal or other expenses
reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability or action; provided,
however, that the Company will not be liable in any such case if and to the extent that any such loss, claim, damage or liability
arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity
with information furnished by the Investor, or any such controlling person in writing specifically for use in such Registration
Statement or Prospectus, and provided further that the foregoing indemnity shall not apply to amounts paid in settlement of any
loss, claim, damage, liability or expense if such settlement is effected without the consent of the Company (which consent shall
not be unreasonably withheld).


 






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(b)       Indemnification by
the Investor. The Investor agrees to indemnify and hold harmless, to the fullest extent permitted by law, the Company, its
directors, officers, employees, stockholders and each person who controls the Company (within the meaning of the 1933 Act) against
any losses, claims, damages, liabilities and expense (including reasonable attorney fees) resulting from any untrue statement of
a material fact or any omission of a material fact required to be stated in the Registration Statement or Prospectus or preliminary
Prospectus or amendment or supplement thereto or necessary to make the statements therein not misleading, to the extent, but only
to the extent that such untrue statement or omission is contained in any information furnished in writing by the Investor to the
Company specifically for inclusion in such Registration Statement or Prospectus or amendment or supplement thereto; provided, however,
that the foregoing indemnity shall not apply to amounts paid in settlement of any loss, claim, damage, liability or expense if
such settlement is effected without the consent of the Investor (which consent shall not be unreasonably withheld). In no event
shall the liability of the Investor be greater in amount than the dollar amount of the proceeds (net of all expense paid by the
Investor in connection with any claim relating to this Section 6 and the amount of any damages the Investor has otherwise
been required to pay by reason of such untrue statement or omission) received by the Investor upon the sale of the Registrable
Securities included in the Registration Statement giving rise to such indemnification obligation.


 


(c)       Conduct of Indemnification
Proceedings. Any person entitled to indemnification hereunder shall (i) give prompt notice to the indemnifying party of
any claim with respect to which it seeks indemnification and (ii) permit such indemnifying party to assume the defense of
such claim with counsel reasonably satisfactory to the indemnified party; provided that any person entitled to indemnification
hereunder shall have the right to employ separate counsel and to participate in the defense of such claim, but the fees and expenses
of such counsel shall be at the expense of such person unless (a) the indemnifying party has agreed to pay such fees or expenses,
(b) the indemnifying party shall have failed to assume the defense of such claim and employ counsel reasonably satisfactory
to such person or (c) in the reasonable judgment of any such person, based upon written advice of its counsel, a conflict
of interest exists between such person and the indemnifying party with respect to such claims (in which case, if the person notifies
the indemnifying party in writing that such person elects to employ separate counsel at the expense of the indemnifying party,
the indemnifying party shall not have the right to assume the defense of such claim on behalf of such person); and provided, further,
that the failure of any indemnified party to give notice as provided herein shall not relieve the indemnifying party of its obligations
hereunder, except to the extent that such failure to give notice shall materially adversely affect the indemnifying party in the
defense of any such claim or litigation. It is understood that the indemnifying party shall not, in connection with any proceeding
in the same jurisdiction, be liable for fees or expenses of more than one separate firm of attorneys at any time for all such indemnified
parties. No indemnifying party will, except with the consent of the indemnified party, which shall not be unreasonably withheld
or conditioned, consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof
the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect of such claim or litigation.


 


(d)       Contribution. If
for any reason the indemnification provided for in the preceding paragraphs (a) and (b) is unavailable to an indemnified
party or insufficient to hold it harmless, other than as expressly specified therein, then the indemnifying party shall contribute
to the amount paid or payable by the indemnified party as a result of such loss, claim, damage or liability in such proportion
as is appropriate to reflect the relative fault of the indemnified party and the indemnifying party, as well as any other relevant
equitable considerations. Relative fault shall be determined by reference to whether any alleged untrue statement or omission relates
to information provided by the Company or by a holder of Registrable Securities. No person guilty of fraudulent misrepresentation
within the meaning of Section 11(f) of the 1933 Act shall be entitled to contribution from any person not guilty of such fraudulent
misrepresentation. In no event shall the contribution obligation of a holder of Registrable Securities be greater in amount than
the dollar amount of the proceeds (net of all expenses paid by such holder in connection with any claim relating to this Section 6
and the amount of any damages such holder has otherwise been required to pay by reason of such untrue or alleged untrue statement
or omission or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation.


 






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7.       Preservation of Rights.
The Company shall not enter into any agreement, take any action, or permit any change to occur with respect to its securities that
violates or conflicts with the rights expressly granted to the Investor in this Agreement.


 


8.       Miscellaneous.


 


(a)       Amendments and Waivers.
This Agreement may be amended only by a writing signed by the Company and the Investor. The Company may take any action herein
prohibited, or omit to perform any act herein required to be performed by it, only if the Company shall have obtained the written
consent of the Investor to such amendment, action or omission.


 


(b)       Notices. Unless
otherwise provided, any notice required or permitted under this Agreement shall be given in writing and shall be deemed effectively
given as hereinafter described (i) if given by personal delivery, then such notice shall be deemed given upon such delivery,
(ii) if sent by electronic mail during normal business hours of the recipient, then notice shall be deemed given when sent, and
if not sent during normal business hours, then notice shall be deemed given on the recipient’s next business day, (iii) if
given by facsimile, then such notice shall be deemed given upon receipt of confirmation of complete transmittal, (iv) if given
by mail, then such notice shall be deemed given upon the earlier of (A) receipt of such notice by the recipient or (B) three
days after such notice is deposited in first class mail, postage prepaid, and (v) if given by an internationally recognized
overnight air courier, then such notice shall be deemed given one Business Day after delivery to such carrier. All notices shall
be addressed to the party to be notified at the address as follows, or at such other address as such party may designate by ten
days’ advance written notice to the other party:


 


If to the Company:



Argos Therapeutics, Inc.

4233 Technology Drive

Durham, North Carolina 27704

Attention: Chief Executive Officer

Fax: (919) 287-6336

E-mail: jabbey@argostherapeutics.com


 






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With a copy to:



Wilmer Cutler Pickering Hale and Dorr LLP

60 State Street

Boston, Massachusetts 02109

Attention: Stuart Falber

Fax: (617) 526-5000

E-mail: Stuart.Falber@wilmerhale.com


 


If to the Investor:



Saint-Gobain Performance Plastics Corporation.

20 Moores Road

Malvern, Pennsylvania 19355

Attention: John Pettibone

E-mail: John.S.Pettibone@saint-gobain.com


 


(c)       Assignments and Transfers
by Investor. The provisions of this Agreement shall be binding upon and inure to the benefit of the Investor and its respective
successors and assigns. The Investor may transfer or assign, in whole or from time to time in part, to one or more persons its
rights hereunder in connection with the transfer of the Convertible Note or the Registrable Securities by the Investor to such
person, provided that the Investor complies with all laws applicable thereto and the provisions of the Satisfaction and Release
Agreement, provides written notice of assignment to the Company promptly after such assignment is effected, and such person agrees
in writing to be bound by all of the provisions contained herein.


 


(d)       Assignments and Transfers
by the Company. This Agreement may not be assigned by the Company (whether by operation of law or otherwise) without the prior
written consent of the Investor, provided, however, that in the event that the Company is a party to a merger, consolidation, share
exchange or similar business combination transaction in which the Common Stock or Conversion Shares are converted or exchanged
into the securities of another Person, from and after the effective time of such transaction, such Person shall, by virtue of such
transaction, be deemed to have assumed the obligations of the Company hereunder, the term “Company” shall be deemed
to refer to such Person and the term “Registrable Securities” shall be deemed to include the securities received by
the Investor in connection with such transaction or issued or issuable upon conversion of the Convertible Note unless such securities
are otherwise freely tradable by the Investor after giving effect to such transaction.


 


(e)       Benefits of the Agreement.
The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective permitted successors
and assigns of the parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the
parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason
of this Agreement, except as expressly provided in this Agreement.


 


(f)       Counterparts; Faxes.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. This Agreement may also be executed via facsimile, which shall be deemed an original.


 






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(g)       Titles and Subtitles.
The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting
this Agreement.


 


(h)       Severability. Any
provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof but shall be interpreted
as if it were written so as to be enforceable to the maximum extent permitted by applicable law, and any such prohibition or unenforceability
in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. To the extent permitted
by applicable law, the parties hereby waive any provision of law which renders any provisions hereof prohibited or unenforceable
in any respect.


 


(i)       Further Assurances.
The parties shall execute and deliver all such further instruments and documents and take all such other actions as may reasonably
be required to carry out the transactions contemplated hereby and to evidence the fulfillment of the agreements herein contained.


 


(j)       Entire Agreement.
This Agreement is intended by the parties as a final expression of their agreement and intended to be a complete and exclusive
statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein. This Agreement
supersedes all prior agreements and understandings between the parties with respect to such subject matter.


 


(k)       Governing Law; Consent
to Jurisdiction; Waiver of Jury Trial. This Agreement shall be governed by, and construed in accordance with, the internal
laws of the State of New York without regard to the choice of law principles thereof. Each of the parties hereto irrevocably submits
to the exclusive jurisdiction of the courts of the State of New York located in New York County and the United States District
Court for the Southern District of New York for the purpose of any suit, action, proceeding or judgment relating to or arising
out of this Agreement and the transactions contemplated hereby. Service of process in connection with any such suit, action or
proceeding may be served on each party hereto anywhere in the world by the same methods as are specified for the giving of notices
under this Agreement. Each of the parties hereto irrevocably consents to the jurisdiction of any such court in any such suit, action
or proceeding and to the laying of venue in such court. Each party hereto irrevocably waives any objection to the laying of venue
of any such suit, action or proceeding brought in such courts and irrevocably waives any claim that any such suit, action or proceeding
brought in any such court has been brought in an inconvenient forum. EACH OF THE PARTIES HERETO WAIVES ANY RIGHT TO REQUEST A TRIAL
BY JURY IN ANY LITIGATION WITH RESPECT TO THIS AGREEMENT AND REPRESENTS THAT COUNSEL HAS BEEN CONSULTED SPECIFICALLY AS TO THIS
WAIVER.


 


[remainder of page intentionally left blank]


 






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IN WITNESS WHEREOF, the parties have executed this Agreement or caused
their duly authorized officers to execute this Agreement as of the date first above written.


 


	COMPANY:	ARGOS THERAPEUTICS, INC.
	 	 
	 	By: 	Richard Katz
	 	 	Name:  Richard Katz
	 	 	Title:  Chief Financial Officer



 


 


 


 


 


 






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	INVESTOR:	
        SAINT-GOBAIN PERFORMANCE PLASTICS CORPORATION

         

	 	 
	 	By: 	/s/ Marco Corrales
	 	 	Name:  Marco Corrales
	 	 	Title:  V.P. Fluid Systems


 


 


 


 


 


 


 


 


 






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Plan of Distribution


 


The selling stockholders, which as used herein includes donees, pledgees,
transferees or other successors-in-interest selling shares of common stock or interests in shares of common stock received after
the date of this prospectus from a selling stockholder as a gift, pledge, partnership distribution or other transfer, may, from
time to time, sell, transfer or otherwise dispose of any or all of their shares of common stock or interests in shares of common
stock on any stock exchange, market or trading facility on which the shares are traded or in private transactions. These dispositions
may be at fixed prices, at prevailing market prices at the time of sale, at prices related to the prevailing market price, at varying
prices determined at the time of sale, or at negotiated prices.


 


The selling stockholders may use any one or more of the following
methods when disposing of shares or interests therein:


 


– ordinary brokerage transactions and transactions in which
the broker-dealer solicits purchasers;


 


– block trades in which the broker-dealer will attempt to sell
the shares as agent, but may position and resell a portion of the block as principal to facilitate the transaction;


 


– purchases by a broker-dealer as principal and resale by the
broker-dealer for its account;


 


– an exchange distribution in accordance with the rules of
the applicable exchange;


 


– privately negotiated transactions;


 


– short sales effected after the date the registration statement
of which this Prospectus is a part is declared effective by the SEC;


 


– through the writing or settlement of options or other hedging
transactions, whether through an options exchange or otherwise;


 


– broker-dealers may agree with the selling stockholders to
sell a specified number of such shares at a stipulated price per share;


 


– a combination of any such methods of sale; and


 


– any other method permitted by applicable law.


 


The selling stockholders may, from time to time, pledge or grant
a security interest in some or all of the shares of common stock owned by them and, if they default in the performance of their
secured obligations, the pledgees or secured parties may offer and sell the shares of common stock, from time to time, under this
prospectus, or under an amendment to this prospectus under Rule 424(b)(3) or other applicable provision of the Securities
Act amending the list of selling stockholders to include the pledgee, transferee or other successors in interest as selling stockholders
under this prospectus. The selling stockholders also may transfer the shares of common stock in other circumstances, in which case
the transferees, pledgees or other successors in interest will be the selling beneficial owners for purposes of this prospectus.


 






    


     

    

 


In connection with the sale of our common stock or interests therein,
the selling stockholders may enter into hedging transactions with broker-dealers or other financial institutions, which may in
turn engage in short sales of the common stock in the course of hedging the positions they assume. The selling stockholders may
also sell shares of our common stock short and deliver these securities to close out their short positions, or loan or pledge the
common stock to broker-dealers that in turn may sell these securities. The selling stockholders may also enter into option or other
transactions with broker-dealers or other financial institutions or the creation of one or more derivative securities which require
the delivery to such broker-dealer or other financial institution of shares offered by this prospectus, which shares such broker-dealer
or other financial institution may resell pursuant to this prospectus (as supplemented or amended to reflect such transaction).


 


The aggregate proceeds to the selling stockholders from the sale
of the common stock offered by them will be the purchase price of the common stock less discounts or commissions, if any. Each
of the selling stockholders reserves the right to accept and, together with their agents from time to time, to reject, in whole
or in part, any proposed purchase of common stock to be made directly or through agents. We will not receive any of the proceeds
from this offering.


 


The selling stockholders also may resell all or a portion of the
shares in open market transactions in reliance upon Rule 144 under the Securities Act of 1933, provided that they meet the
criteria and conform to the requirements of that rule.


 


The selling stockholders and any underwriters, broker-dealers or
agents that participate in the sale of the common stock or interests therein may be “underwriters” within the meaning
of Section 2(a)(11) of the Securities Act. Any discounts, commissions, concessions or profit they earn on any resale of the
shares may be underwriting discounts and commissions under the Securities Act. Selling stockholders who are “underwriters”
within the meaning of Section 2(a)(11) of the Securities Act will be subject to the prospectus delivery requirements of the
Securities Act.


 


To the extent required, the shares of our common stock to be sold,
the names of the selling stockholders, the respective purchase prices and public offering prices, the names of any agents, dealer
or underwriter, any applicable commissions or discounts with respect to a particular offer will be set forth in an accompanying
prospectus supplement or, if appropriate, a post-effective amendment to the registration statement that includes this prospectus.


 


In order to comply with the securities laws of some states, if applicable,
the common stock may be sold in these jurisdictions only through registered or licensed brokers or dealers. In addition, in some
states the common stock may not be sold unless it has been registered or qualified for sale or an exemption from registration or
qualification requirements is available and is complied with.


 






    


     

    

 


We have advised the selling stockholders that the anti-manipulation
rules of Regulation M under the Exchange Act may apply to sales of shares in the market and to the activities of the selling
stockholders and their affiliates. In addition, to the extent applicable we will make copies of this prospectus (as it may be supplemented
or amended from time to time) available to the selling stockholders for the purpose of satisfying the prospectus delivery requirements
of the Securities Act. The selling stockholders may indemnify any broker-dealer that participates in transactions involving the
sale of the shares against certain liabilities, including liabilities arising under the Securities Act.


 


We have agreed to indemnify the selling stockholders against liabilities,
including liabilities under the Securities Act and state securities laws, relating to the registration of the shares offered by
this prospectus.


 


We have agreed with the selling stockholders to keep the registration
statement of which this prospectus constitutes a part effective until the earlier of (1) such time as all of the shares covered
by this prospectus have been disposed of pursuant to and in accordance with such registration statement or (2) the date on
which all of the shares may be sold without restriction within a ninety (90) day period pursuant to Rule 144 of the Securities
Act.