English summary of Loan Agreement between WISeKey International
Holding AG, General-Guisan-Strasse 6, CH-6300 Zug (Borrower) und UBS, Rue des Noirettes 35, CH-1206 Geneva (Lender)


 


Credit amount: CHF293,000.


 


	1.	Confirmation:



 


By confirming and signing this loan agreement, the Borrower
declares:


 


-The Borrower has not yet received a loan in accordance
with the COVID-19 solidarity guarantee regulation.


 


-The Borrower has no other pending applications for loans
guaranteed under the COVID-19 Solidarity Guarantee Ordinance.


 


-The Borrower assures that at the time of submitting the
application, he has not already secured liquidity based on other emergency legal regulations of the federal government in the fields
of sport and culture.


 


-At the time of filing this Loan Agreement, the Borrower
is not in bankruptcy, debt restructuring or liquidation.


 


-Due to the COVID-19 pandemic, the Borrower is economically
significantly affected, particularly with regard to his sales.


 


-The Borrower will use the loan amount granted under this
loan agreement exclusively to secure his ongoing liquidity needs.


 


-All information on the company's sales revenue is based
on the individual financial statements (no group view).


 


-The Borrower confirms that all information is complete
and true.


 


-The Borrower is aware that, through incorrect or incomplete
information due to fraud (Art. 146 Criminal Code), forgery (Art. 251 Criminal code) etc. can be held criminally responsible and
punishable by imprisonment of up to five years or a fine. In addition the Borrower might be punished with a fine of up to 100,000
francs if the Borrower willfully obtain a loan according to the COVID-19 Solidarity Guarantee Ordinance with false information
or do not use the loan funds to meet the above-mentioned liquidity needs.


 






     


    



    

 


2. Purpose of Loan


 


The loan may only be used to secure ongoing liquidity needs
of the Borrower. The bank is not obliged to check that the use is in accordance with the agreement.


 


3. Conditions and interest calculation


 


The borrower must pay the claimed loan at the interest rate
in accordance with Art. 13 of the COVID-19 Solidarity Guarantee Ordinance. The calculation of interest and the closing of the account
with interest debited are carried out in accordance with the bank's usual practice.


 


4. Term / repayment of loan


 


The term of the loan is 60 months from the granting of the loan
by the Bank. The loan amount is to be repaid in full at the latest at the end of the term, together with the then outstanding interest.
The bank reserves the right to introduce amortization or limit reductions during the term of the loan.


 


5. Cancellation


 


The Borrower has the right to terminate this loan agreement
at any time with immediate effect The bank has the right to terminate this loan agreement for regulatory or legal reasons (e.g.
violation of the AMLA or this loan agreement) at any time with immediate effect. Amounts outstanding upon termination under this
loan agreement become due and payable immediately.


 


6. Collateral


 


The loan amount plus the interest effectively accrued under
the loan agreement up to a maximum of one annual interest rate is exclusively through a joint and several guarantee in accordance
with the COVID-19 Solidarity Guarantee Ordinance


 


7. Terms of loan approval


 


The loan can only be claimed if a copy of the present loan agreement
signed by the Borrower is valid at the latest and was submitted to the bank on July 31, 2020.


 


8. General Terms and Conditions


 


The bank's general terms and conditions form part of this loan
agreement.


 


9. Applicable law and place of jurisdiction


 


This loan agreement is subject to Swiss law. The seat of the
bank is the sole place of jurisdiction for all proceedings. This is also the place of performance. Mandatory legal places of jurisdiction
remain reserved.