Document:

Exhibit 10.1 

 

 WARRANT EXERCISE AGREEMENT

 

This Warrant Exercise
Agreement (this “Agreement”), dated as of December 7, 2018, is by and between Ampio Pharmaceuticals, Inc., a
Delaware corporation (the “Company”), and the undersigned holder (the “Holder”) of a Common
Stock Purchase Warrant to purchase shares of the Company’s common stock, par value $0.0001 per share (the “Common
Stock”), issued by the Company, which warrant is exercisable at an exercise price (the “Exercise Price”)
of $.40 per share (the “Original Warrant”).

 

WHEREAS, the Holder’s
Original Warrant is exercisable into a number of shares of Common Stock as set forth on the Holder’s signature page hereto
(the “Warrant Shares”);

 

WHEREAS, the Holder
wishes to exercise all or a portion of such Original Warrant as set forth herein and, immediately prior to such exercise and in
consideration of the Holder’s exercise of such Original Warrant, the Company has agreed to issue the Holder the shares of
Common Stock to which such exercising Holder is entitled.

 

NOW, THEREFORE, IN
CONSIDERATION of the mutual covenants contained in this Agreement, and for good and valuable consideration, the receipt and adequacy
of which are hereby acknowledged, the Holder and the Company agree as follows:

 

ARTICLE I

DEFINITIONS

 

Section 1.1           
Definitions. Capitalized terms not defined in this Agreement shall have the meanings ascribed to such terms in the Original
Warrant.

 

ARTICLE II

EXERCISE OF EXISTING WARRANT

 

Section 2.1             Exercise
of Original Warrant. The Company and the Holder hereby agree that the Holder shall immediately exercise the Original Warrant
with respect to the number of Warrant Shares set forth on the Holder’s signature page hereto at a reduced Exercise Price
per share equal to $0.30, otherwise pursuant to the terms of the Original Warrant. The Holder shall execute and deliver the aggregate
cash exercise price for such exercise of the Original Warrant to the bank account set forth on Annex A hereto within one business
day after notice from the Company that the condition set forth in Section 2.2 has been met and the Company shall deliver the Warrant
Shares to the Holder via the Depository Trust Company Deposit or Withdrawal at Custodian system pursuant to the terms of the Original
Warrant, and pursuant to instructions set forth on the Holder’s signature page hereto. The date of the closing of the exercise
of the Original Warrant shall be referred to as the “Closing Date”.

  

Section 2.2           Filing
of Form 8-K. Prior to 9:00 am ET on the Trading Day following the date hereof, the Company shall issue a Current Report on
Form 8-K, reasonably acceptable to the Holder, disclosing the material terms of the transactions contemplated hereby, which shall
include this Agreement (the “8-K Filing”). From and after the 8-K Filing, the Company represents to the Holder
that it shall not be in possession of any material, nonpublic information received from the Company, any of its subsidiaries or
any of their respective officers, directors, employees or agents that is not disclosed in the 8-K Filing. In addition, effective
upon the 8-K Filing, the Company acknowledges and agrees that any and all confidentiality or similar obligations under any agreement,
whether written or oral, between the Company, any of its subsidiaries or any of their respective officers, directors, affiliates,
employees or agents, on the one hand, and the Holder or any of its affiliates, on the other hand, shall terminate.

 

ARTICLE III

REPRESENTATIONS AND WARRANTIES

 

Section 3.1           Representations
and Warranties of the Company. The Company hereby makes the representations and warranties set forth below to the Holder that
as of the date of its execution of this Agreement:

 

    	 	 	 

    	 

    

 

(a)           Authorization;
Enforcement. The Company has the requisite corporate power and authority to enter into and to consummate the transactions contemplated
by this Agreement and otherwise to carry out its obligations hereunder and thereunder. The execution and delivery of this Agreement
by the Company and the consummation by it of the transactions contemplated hereby have been duly authorized by all necessary action
on the part of such Company and no further action is required by such Company, its board of directors or its stockholders in connection
therewith. This Agreement has been duly executed by the Company and, when delivered in accordance with the terms hereof, will constitute
the valid and binding obligation of the Company enforceable against the Company in accordance with its terms except (i) as
limited by general equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general
application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability
of specific performance, injunctive relief or other equitable remedies and (iii) insofar as indemnification and contribution
provisions may be limited by applicable law.

 

(b)           Organization.
The Company is a duly organized and validly existing corporation in good standing under the laws of the State of Delaware.

 

(c)           Registration
Statement. The Warrant Shares are registered for issuance to the Holder on the registration statement on Form S-3 (No. 333-217094)
(the “Registration Statement”), and the Company knows of no reasons why such Registration Statement shall not
remain available for the issuance of such Warrant Shares for the foreseeable future. The Company shall use commercially reasonable
efforts to keep the Registration Statement effective and available for use by the Holder until all Warrant Shares are issued to
the Holder.

 

(d)           No
Conflicts. The execution, delivery and performance of this Agreement by the Company and the consummation by the Company of
the transactions contemplated hereby do not and will not: (i) conflict with or violate any provision of the Company’s
certificate or articles of incorporation, bylaws or other organizational or charter documents, (ii) conflict with, or constitute
a default (or an event that with notice or lapse of time or both would become a default) under, result in the creation of any lien
upon any of the properties or assets of the Company, or give to others any rights of termination, amendment, acceleration or cancellation
(with or without notice, lapse of time or both) of, any material agreement, credit facility, debt or other material instrument
(evidencing Company debt or otherwise) or other material understanding to which the Company is a party or by which any property
or asset of the Company is bound or affected, or (iii) conflict with or result in a violation of any law, rule, regulation,
order, judgment, injunction, decree or other restriction of any court or governmental authority to which the Company is subject
(including federal and state securities laws and regulations), or by which any property or asset of the Company is bound or affected.

 

(e)           Disclosure.
Except with respect to the material terms and conditions of the transactions contemplated by this Agreement, the Company confirms
that neither it nor any other Person acting on its behalf has provided the Holder or any of its agents or counsel with any information
that it believes constitutes or might constitute material, non-public information. The Company understands and confirms that the
Holder will rely on the foregoing representation in effecting transactions in securities of the Company. All of the disclosures
furnished by or on behalf of the Company to the Holder regarding the Company and its subsidiaries, their respective businesses
and the transactions contemplated hereby, including but not limited to the disclosure set forth in the SEC Reports, are true and
correct and do not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make
the statements made therein, in light of the circumstances under which they were made, not misleading. As used herein, “SEC
Reports” means all reports, schedules, forms, statements and other documents required to be filed by the Company with
the Commission pursuant to the reporting requirements of the Securities Exchange Act of 1934, as amended, including all exhibits
included therein and financial statements, notes and schedules thereto and documents incorporated by reference therein.

 

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(f)           No
Disqualification Events. With respect to securities to be offered and sold hereunder in reliance on Rule 506(b) under the Securities
Act, none of the Company, any of its predecessors, any affiliated issuer, any director, executive officer, other officer of the
Company, any beneficial owner of 20% or more of the Company’s outstanding voting equity securities, calculated on the basis
of voting power, nor any promoter (as that term is defined in Rule 405 under the Securities Act) connected with the Company in
any capacity at the time of sale (each, an “Issuer Covered Person” and, together, “Issuer Covered Persons”)
is subject to any of the “Bad Actor” disqualifications described in Rule 506(d)(1)(i) to (viii) under the Securities
Act (a “Disqualification Event”), except for a Disqualification Event covered by Rule 506(d)(2) or (d)(3). The
Company has exercised reasonable care to determine whether any Issuer Covered Person is subject to a Disqualification Event. The
Company has complied, to the extent applicable, with its disclosure obligations under Rule 506(e), and has furnished to the Holder
a copy of any disclosures provided thereunder, if any.

 

Section 3.2           Representations
and Warranties of the Holder. The Holder hereby makes the representations and warranties set forth below to the Company that
as of the date of its execution of this Agreement:

 

(a)           Due
Authorization. The Holder represents and warrants that (i) the execution and delivery of this Agreement by it and the
consummation by it of the transactions contemplated hereby have been duly authorized by all necessary action on its behalf and
(ii) this Agreement has been duly executed and delivered by the Holder and constitutes the valid and binding obligation of
the Holder, enforceable against it in accordance with its terms.

 

(b)           No
Conflicts. The execution, delivery and performance of this Agreement by the Holder and the consummation by the Holder of the
transactions contemplated hereby do not and will not: (i) conflict with or violate any provision of the Holder’s organizational
or charter documents, or (ii) conflict with or result in a violation of any agreement, law, rule, regulation, order, judgment,
injunction, decree or other restriction of any court or governmental authority which would interfere with the ability of the Holder
to perform its obligations under this Agreement.

 

(c)           Access
to Information. The Holder acknowledges that it has had the opportunity to review this Agreement and the SEC Reports and has
been afforded (i) the opportunity to ask such questions as it has deemed necessary of, and to receive answers from, representatives
of the Company concerning the terms and conditions of the exercise of the Original Warrant and the merits and risks of investing
in the Warrant Shares underlying the Original Warrant; (ii) access to information about the Company and its financial condition,
results of operations, business, properties, management and prospects sufficient to enable it to evaluate its investment; and (iii)
the opportunity to obtain such additional information that the Company possesses or can acquire without unreasonable effort or
expense that is necessary to make an informed investment decision with respect to the investment. The Holder acknowledges and agrees
that neither Canaccord Genuity, Inc. (the “Agent”) nor any Affiliate of the Agent has provided the Holder with
any information or advice with respect to the Original Warrant, the Warrant Shares or the securities nor is such information or
advice necessary or desired. Neither the Agent nor any Affiliate of the Agent has made or makes any representation as to the Company
or the quality of the Original Warrant, the Warrant Shares or the securities, and the Agent and any Affiliate of the Agent may
have acquired non-public information with respect to the Company which the Holder agrees need not be provided to it. In connection
with the issuance of the Warrant Shares and the Securities to the Holder, neither the Agent nor any of its Affiliates has acted
as a financial advisor or fiduciary to the Holder.

  

(d)           Holder
Status. The Holder is an “accredited investor” as defined in Rule 501 under the Securities Act.

 

ARTICLE IV

MISCELLANEOUS

 

Section 4.1           Notices. Any
and all notices or other communications or deliveries required or permitted to be provided hereunder shall be made by email to
the email address of the Holder set forth on the Holder’s signature page.

 

Section 4.2           Survival. All
warranties and representations (as of the date such warranties and representations were made) made herein or in any certificate
or other instrument delivered by any party hereto or on its behalf under this Agreement shall be considered to have been relied
upon by the parties hereto and shall survive the issuance of the Warrant Shares. This Agreement shall inure to the benefit of and
be binding upon the successors and permitted assigns of each of the parties; provided, however that no party may
assign this Agreement or the obligations and rights of such party hereunder without the prior written consent of the other parties
hereto.

 

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Section 4.3           Execution. This
Agreement may be executed in two or more counterparts, all of which when taken together shall be considered one and the same agreement
and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood
that both parties need not sign the same counterpart. In the event that any signature is delivered by facsimile or electronic transmission,
such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed)
with the same force and effect as if such facsimile or electronic signature page were an original thereof.

 

Section 4.4           Severability.
If any provision of this Agreement is held to be invalid or unenforceable in any respect, the validity and enforceability of the
remaining terms and provisions of this Agreement shall not in any way be affected or impaired thereby and the parties will attempt
to agree upon a valid and enforceable provision that is a reasonable substitute therefor, and upon so agreeing, shall incorporate
such substitute provision in this Agreement.

 

Section 4.5           Governing
Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be determined
pursuant to the Governing Law provision of the Original Warrant.

 

Section 4.6           Entire
Agreement. The Agreement, together with the exhibits and schedules thereto, contain the entire understanding of the parties
with respect to the subject matter hereof and supersede all prior agreements and understandings, oral or written, with respect
to such matters, which the parties acknowledge have been merged into such documents, exhibits and schedules.

 

Section 4.7           Construction.
The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed to limit or affect
any of the provisions hereof. The language used in this Agreement will be deemed to be the language chosen by the parties to express
their mutual intent, and no rules of strict construction will be applied against any party.

 

Section 4.8         Fees
and Expenses. Each party shall pay the fees and expenses of its advisers, counsel, accountants and other experts, if any, and
all other expenses incurred by such party incident to the negotiation, preparation, execution, delivery and performance of this
Agreement. The Company shall pay all transfer agent fees, stamp taxes and other taxes and duties levied in connection with the
delivery of any Warrant Shares.

 

 

*******************

 

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IN WITNESS WHEREOF, the undersigned
have executed this Warrant Exercise Agreement as of the date first written above.

 

	COMPANY:	 
	 	 
	AMPIO PHARMACEUTICALS, INC.	 
	 	 	 
	By:	 	 
	Name:	Thomas Chilcott	 
	Title:	Chief Financial Officer	 

 

Bank Account and Wire Instructions attached hereto on Annex
A

 

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HOLDER SIGNATURE PAGES TO

WARRANT EXERCISE AGREEMENT 

 

IN WITNESS WHEREOF, the undersigned have
caused this Warrant Exercise Agreement to be duly executed by their respective authorized signatories as of the date first indicated
above.

 

	Name of Holder:	 

 

	Signature of Authorized Signatory of Holder:	 

 

	Name of Authorized Signatory:	 

 

	Title of Authorized Signatory:	 

 

	Email Address of Holder:	 

 

	Number of Shares exercisable under Original Warrant:	 

 

	Number of Warrant Shares Exercised Hereunder:	 

  

	Aggregate Exercise Price 	 

 

DWAC Instructions for Warrant
Shares:

  

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Annex A

 

Bank Account and Wire Instructions  

 

	Bank:  	 	Key Bank NA
	 	 	8000 East Belleview Avenue
	 	 	Greenwood Village, CO  80111
	 	 	USA
	 	 	 
	SWIFT CODE:	 	KEYBUS33
	 	 	 
	ABA Routing Number:	 	307070267
	 	 	 
	Account Name:	 	Ampio Pharmaceuticals, Inc.
	 	 	 
	Account number:	 	765070017007
	 	 	 
	Amount:	 	           

  

If you have any questions, please feel free to contact Tom Chilcott,
CFO, Ampio Pharmaceuticals, Inc. at (720) 437-6513.

 

    	 	7Exhibit 10.1

 

EXECUTION VERSION 

VOTING AGREEMENT

 

THIS VOTING AGREEMENT (this “Agreement”)
is made and entered into as of December 9, 2018 by and among Travelport Worldwide Limited, a Bermuda exempted company (the
“Company”), and each Person identified on Exhibit A attached hereto (the “Shareholders”
and each a “Shareholder”).

 

WITNESSETH:

 

WHEREAS, Toro Private Holdings III, Ltd.,
a private limited company organized under the laws of England and Wales (“Parent”), following the execution
of a joinder, Toro Private Holdings IV, Ltd., a Bermuda exempted company and wholly owned subsidiary of Parent (“Merger
Sub”), and the Company have entered into an Agreement and Plan of Merger on the date hereof (as amended, supplemented
or modified from time to time, the “Merger Agreement”), which provides for, among other things, the merger of
Merger Sub with and into the Company, with the Company as the surviving company of such merger (the “Merger”),
pursuant to which all Company Common Shares will be converted into the right to receive the consideration set forth in the Merger
Agreement.

 

WHEREAS, as of the date hereof, each Shareholder
is the beneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act of 1934) of the number of Shares set forth
opposite such Shareholder’s name on Exhibit A attached hereto.

 

WHEREAS, as a condition and inducement to
the willingness of the Company to enter into the Merger Agreement, each Shareholder (in such Shareholder’s capacity as such)
has agreed to enter into this Agreement.

 

NOW, THEREFORE, intending to be legally
bound, the parties hereto agree as follows:

 

1.            Certain
Definitions. All capitalized terms that are used but not defined herein shall have the respective meanings ascribed to them
in the Merger Agreement. For all purposes of and under this Agreement, the following terms shall have the following respective
meanings: 

 

(a)          “Expiration
Date” shall mean the earlier to occur of (i) such date and time as the Merger shall become consummated in accordance
with the terms and provisions of the Merger Agreement and (ii) the valid termination of the Merger Agreement in accordance with
Article VIII of the Merger Agreement.

 

(b)          “Shares”
shall mean (i) all Company Common Shares, warrants and/or other rights to acquire Company Common Shares of which such Shareholder
is the registered or beneficial owner as of the date hereof, and (ii) all additional Company Common Shares, warrants and/or other
rights to acquire Company Common Shares of which such Shareholder acquires registered or beneficial ownership during the period
from the date of this Agreement through the Expiration Date (including by way of share dividend or distribution, subdivision, recapitalization,
consolidation, exchange of shares and the like). For avoidance of doubt, “Shares” shall exclude any physically-settled
or cash-settled swap instruments to which the Shareholder does not have the right to control or direct the voting of the underlying
Company Common Shares.

 

     

     

    

 

(c)          “Transfer”
A Person shall be deemed to have effected a “Transfer” of a Share if such Person directly or indirectly (i)
sells, pledges, assigns, gifts, grants an option with respect to, transfers, tenders or disposes (by merger, by testamentary disposition,
by operation of law or otherwise) of such Share or any interest in such Share, (ii) creates or permits to exist any Liens (except
any Liens that are not material to the Shareholders’ performance of their respective obligations under this Agreement), other
than Liens arising under or imposed by Applicable Law or pursuant to this Agreement, the Merger Agreement (or the transactions
contemplated thereby) or any Permitted Transfers (the “Permitted Liens”), (iii) deposits any Shares into a voting
trust or enters into a voting agreement or arrangement or grants any proxy, power of attorney or other authorization with respect
thereto that is inconsistent with this Agreement, or (iv) agrees or commits (whether or not in writing) to take any of the actions
referred to in the foregoing clauses (i) through (iii).

 

2.            Transfer
Restrictions. From the date hereof until the Expiration Date, no Shareholder shall Transfer (or cause or permit the Transfer
of) any of the Shares, or enter into any agreement relating thereto, except (x) with the Company’s prior written consent
and in the Company’s sole discretion, (y) as expressly contemplated by the Equity Commitment Letter and the transactions
contemplated thereby or (z) Transfers between the Shareholders or entities under their control and Transfers between accounts
holding the Shares or new accounts established and actually held and controlled by the Shareholders (so long as, for the avoidance
of doubt, such Transfers do not reduce the aggregate beneficial ownership (as defined pursuant to Section 13(d) of the Exchange
Act) of the Shareholders); provided that, in the case of (z), if such Transfer is to an entity under the control of such
Shareholder, such Shareholder shall cause such entity, at the time of and as a condition to such Transfer, to execute and deliver
to the Company a joinder providing that such transferee shall agree to be bound as a Shareholder under this Agreement (each such
exception, a “Permitted Transfer”). Any Transfer (other than a Permitted Transfer) of Shares in breach or violation
of this Agreement shall be void and of no force or effect. For the avoidance of doubt, the fact that a Shareholder’s Shares
may be loaned by such Shareholder as part of customary securities lending arrangements shall constitute a Permitted Transfer and
actions taken in connection therewith shall constitute a Permitted Lien, so long as such Shareholder is entitled to vote any such
loaned Shares at any shareholder meeting of the Company held prior to the Expiration Date (including by recalling such loaned
Shares prior to the record date for such meeting as necessary). Parent hereby agrees to provide each Shareholder with at least
ten (10) calendar days’ advance notice of the record date for any shareholder meeting of the Company held before the Expiration
Date.

 

3.             Agreement
to Vote Shares.

 

(a)          At
every meeting of the shareholders of the Company, and at every adjournment or postponement thereof, and on every action or approval
by written consent of the shareholders of Company, each Shareholder (in such Shareholder’s capacity as such) agrees to, unconditionally
and irrevocably, to the extent not voted by the Person(s) appointed under the Proxy Statement, or to cause the holder of record
on any applicable record date to, vote all Shares that are then-owned by (x) such Shareholder or (y) any entity named on Exhibit
A that is under the control of such Shareholder, and, in each case, entitled to vote or act by written consent:

 

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(i)          in
favor of the approval of the Merger Agreement, the Bermuda Merger Agreement, the Merger and each of the actions contemplated by
the Merger Agreement in respect of which approval of the Shareholders is required thereunder and any other Transactions;

 

(ii)         in
favor of the approval of any proposal to adjourn or postpone the meeting to a later date, if there are not sufficient votes for
the approval of the Merger Agreement, the Bermuda Merger Agreement and the Merger on the date on which such meeting is held;

 

(iii)        against
approval of any proposal, transaction, agreement or action, without regard to the terms of such proposal, transaction, agreement
or action, made in opposition to, in competition with or inconsistent with, the Merger Agreement, the Bermuda Merger Agreement,
the Merger or any other Transactions or actions contemplated by the Merger Agreement or the Bermuda Merger Agreement, other than
upon a Company Board Recommendation Change; and

 

(iv)        in
favor of any other matter or action necessary or appropriate to or in furtherance of the consummation of the Transactions.

 

(b)          Any
vote required to be cast pursuant to this Section 3 shall be cast by the Shareholder or at the direction of the Shareholder,
as applicable, in accordance with such procedures relating thereto so as to ensure that it is duly counted, including for purposes
of determining whether a quorum is present.

 

(c)          Except
as provided herein, no Shareholder shall (i) enter into any agreement or understanding with any Person to vote or give instructions
in any manner inconsistent with the terms of this Section 3, (ii) grant at any time while this Agreement remains in
effect, a proxy, consent or power of attorney with respect to the Shares inconsistent with the terms of this Section 3
or (iii) take any action that would make any representation or warranty of such Shareholder contained herein untrue or incorrect
or have the effect of preventing or disabling such Shareholder from performing any of its obligations under this Agreement.

 

4.            Agreement
Not to Exercise Dissenters’ Rights. No Shareholder shall exercise, and each Shareholder hereby irrevocably and unconditionally
undertakes not to exercise, any statutory rights (including, without limitation, under Section 106(6) of the Bermuda Companies
Act) to demand, or apply to any court for an appraisal of, the fair value of any Shares that may arise in connection with the
Merger.

 

5.            Irrevocable
Proxy.

 

(a)          Solely
in the event of a failure by either Shareholder to act in accordance with such Shareholder’s obligations as to voting pursuant
to Section 3, prior to the termination of this Agreement and without in any way limiting any Shareholder’s right
to vote the Shares in its sole discretion on any other matters that may be submitted to a shareholder vote, consent or other approval,
each Shareholder hereby grants a proxy appointing the Company as such Shareholder’s attorney-in-fact and proxy, with full
power of substitution, for and in such Shareholder’s name, to vote, express consent or dissent, or otherwise to utilize such
voting power in the manner contemplated by Section 3 above as the Company or its proxy or substitute shall, in the
Company’s sole discretion, deem proper with respect to the Shares.

 

    	 	3	 

     

    

 

(b)          Each
Shareholder hereby represents that any proxies heretofore given in respect of the Shares, if any, are revocable, and hereby revokes
such proxies.

 

(c)          Each
Shareholder hereby affirms that the irrevocable proxy set forth in this Section 5 is given in connection with the execution
of the Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of such Shareholder under
this Agreement. Each Shareholder hereby further affirms that the irrevocable proxy is coupled with an interest in consideration
of the Company entering into this Agreement and the Merger Agreement and incurring certain related fees and expenses and, except
as set forth in this Section 5 or in Section 12 hereof, is intended to be irrevocable in accordance with
the Company’s bye-laws. If during the term of this Agreement for any reason the proxy granted herein is not irrevocable,
then such Shareholder agrees that it shall vote its Shares in accordance with Section 3 above as instructed by the
Company in writing.

 

(d)          The
Company hereby acknowledges and agrees that the proxy set forth in this Section 5 shall not be exercised to vote, consent
or act on any matter except as specifically contemplated by Section 3 above and the Company agrees not to exercise
the proxy granted herein for any purpose other than the purposes described in Section 3. The proxy set forth in this
Section 5 shall be revoked, terminated and of no further force or effect automatically without further action upon
the valid termination of this Agreement.

 

6.             Update
of Beneficial Ownership Information. Each Shareholder shall promptly (and in any event within three Business Days after such
acquisition) notify the Company of the number of Shares acquired by such Shareholder following the date hereof and prior to the
Expiration Date and the updated number of Shares beneficially owned by such Shareholder as of immediately following such acquisition;
provided that any Permitted Transfers pursuant to clause (z) thereof shall not require any such notice.

 

7.            Representations
and Warranties of the Shareholders. Each Shareholder hereby represents and warrants to the Company as follows: 

 

(a)          Power:
Organization: Binding Agreement. Such Shareholder has full power and authority to execute and deliver this Agreement (including
the irrevocable proxy granted pursuant to Section 5 of this Agreement), to perform the Shareholder’s obligations
hereunder and to consummate the transactions contemplated hereby. Such Shareholder is duly organized, validly existing and in good
standing under the laws of its jurisdiction of formation. This Agreement has been duly executed and delivered by such Shareholder,
and, assuming this Agreement constitutes a valid and binding obligation of the Company, constitutes a valid and binding obligation
of such Shareholder, enforceable against the Shareholder in accordance with its terms, except that such enforceability may be limited
by applicable bankruptcy, insolvency, reorganization, moratorium or other similar Laws affecting creditors’ rights generally.

 

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(b)          No
Conflicts. None of the execution and delivery by such Shareholder of this Agreement, the performance by such Shareholder of
its obligations hereunder or the consummation by such Shareholder of the transactions contemplated hereby will (i) result in a
violation or breach of any agreement to which such Shareholder is a party or by which the Shareholder may be bound, including any
voting agreement or voting trust, (ii) violate any applicable Law or (iii) violate the Organizational Documents of such Shareholder.

 

(c)          Ownership
of Shares. Such Shareholder (i) beneficially owns the Shares set forth opposite such Shareholder’s name on Exhibit
A, all of which are free and clear of any Liens (other than Permitted Liens) and (ii) no person (other than such Shareholder
or an entity under the control of such Shareholder) has a right to acquire any of the Shares held by such Shareholder.

 

(d)          Voting
Power. Such Shareholder (or an entity under the control of such Shareholder) has the requisite voting power, power of disposition,
power to issue instructions with respect to the matters set forth herein, and power to agree to all of the matters set forth in
this Agreement necessary to take all actions required under this Agreement, in each case with respect to all of the Shares held
by such Shareholder (or an entity under the control of such Shareholder), with no limitations, qualifications or restrictions on
such rights, subject to applicable federal securities laws and those arising under the terms of this Agreement.

 

(e)          Reliance
by Company. Such Shareholder understands and acknowledges that the Company is entering into the Merger Agreement in reliance
upon such Shareholder’s execution and delivery of this Agreement.

 

(f)          Consents
and Approvals. The execution and delivery of this Agreement by such Shareholder does not, and the performance by such Shareholder
of its obligations under this Agreement and the consummation by it of the transactions contemplated hereby will not, require the
Shareholder to obtain any consent, approval, authorization or permit of, or to make any filing with or notification to, any Governmental
Authority, except in each case for filings with the SEC by such Shareholder or where the failure to obtain such consents, approvals,
authorizations or permits, or to make such filings and notifications, would not, either individually or in the aggregate, prevent
or delay the performance by such Shareholder of any of its obligations hereunder.

 

8.            Certain
Restrictions.

 

(a)          Each
Shareholder shall not, directly or indirectly, take any action that would make any representation or warranty of such Shareholder
contained herein untrue or incorrect in any respect, except in case of clause 7(c) for Permitted Transfers.

 

(b)          Each
Shareholder agrees that such Shareholder will not (in such Shareholder’s capacity as a shareholder of the Company) bring,
commence, institute, maintain, prosecute, participate in or voluntarily aid any action, claim suit, proceeding or cause of action,
in law or in equity, in any court or before any Governmental Authority which (i) challenges the validity of or seeks to enjoin
the operation of any provision of this Agreement or (ii) alleges that the execution and delivery of this Agreement by such Shareholder,
either alone or together with any other Company voting agreements and proxies to be delivered in connection with the execution
of the Merger Agreement, or the approval of the Merger Agreement by the Company Board, breaches any fiduciary duty of the Company
Board or any member thereof.

 

    	 	5	 

     

    

 

9.            Disclosure.
Each Shareholder shall permit the Company to publish and disclose in all documents and schedules filed with the SEC, and any press
release or other disclosure document that the Company determines to be necessary or desirable in connection with the Merger and
any transactions related to the Merger, such Shareholder’s identity and ownership of Shares and the nature of such Shareholder’s
commitments, arrangements and understandings under this Agreement.

 

10.          No
Ownership Interest. Except as provided in this Agreement, nothing contained in this Agreement shall be deemed to vest in the
Company any direct or indirect ownership or incidence of ownership of or with respect to any Shares. Except as provided in this
Agreement, all rights, ownership and economic benefits relating to the Shares shall remain vested in and belong to the Shareholders.

 

11.           Further
Assurances . Subject to the terms and conditions of this Agreement, upon request
of the Company, each Shareholder shall use commercially reasonable efforts to take, or cause to be taken, all actions, and to
do, or cause to be done, all things necessary to fulfill such Shareholder’s obligations under this Agreement.

 

12.           Stop
Transfer Instructions. At all times commencing with the execution and delivery of this Agreement and continuing until the
Expiration Date, in furtherance of this Agreement, each Shareholder hereby authorizes the Company or its counsel to instruct the
Company’s transfer agent to put in place a stop transfer order with respect to all of the Shares of such Shareholder held
of record (and that this Agreement places limits on the voting and transfer of such Shares).

 

13.          Termination.
This Agreement (including the irrevocable proxy granted pursuant to Section 5 of this Agreement), and all rights and
obligations of the parties hereunder and thereunder, shall terminate and shall have no further force or effect as of the Expiration
Date. Notwithstanding the foregoing, nothing set forth in this Section 13 or elsewhere in this Agreement shall relieve
either party hereto from liability, or otherwise limit the liability of either party hereto, for any intentional breach of this
Agreement prior to such termination.

 

14.          Miscellaneous.

 

(a)          Severability.
In the event that any provision of this Agreement, or the application thereof, becomes or is declared by a court of competent jurisdiction
to be illegal, void or unenforceable, or incapable of being enforced under any applicable Law, the remainder of this Agreement
will continue in full force and effect and the application of such provision to other Persons or circumstances will be interpreted
so as reasonably to effect the intent of the parties hereto. The parties hereto further agree to replace such void or unenforceable
provision of this Agreement with a valid and enforceable provision that will achieve, to the extent possible, the economic, business
and other purposes of such void or unenforceable provision.

 

    	 	6	 

     

    

 

(b)          Assignment.
No party hereto may assign either this Agreement or any of its rights, interests, or obligations hereunder, by operation of Law
or otherwise, without the prior written approval of the other parties. This Agreement will be binding upon and will inure to the
benefit of, and be enforceable by, the parties hereto and their respective successors and permitted assigns. No assignment by any
party hereto will relieve such party of any of its obligations hereunder. Any purported assignment of this Agreement without the
consent required by this Section 14(b) is null and void.

 

(c)          Amendments;
Waiver. Subject to applicable Law, this Agreement may be amended by the parties hereto at any time by execution of an instrument
in writing signed on behalf of each of the Shareholders and the Company. No waiver of any of the provisions of this Agreement shall
be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute
a continuing waiver. No waiver of any of the provisions of this Agreement shall be effective unless it is in writing signed by
the party making such waiver. The failure of a party to insist upon strict adherence to any term of this Agreement on one or more
occasions shall not be considered a waiver or deprive that party of the right thereafter to insist upon strict adherence to that
term or any other term of this Agreement.

 

(d)          Specific
Performance. The parties hereto acknowledge that irreparable damage for which monetary damages, even if available, would not
be an adequate remedy would occur in the event that the parties hereto do not perform the provisions of this Agreement (including
any party hereto failing to take such actions as are required of it hereunder) in accordance with its specified terms or otherwise
breach such provisions. The parties hereto acknowledge and agree that (A) the parties hereto will be entitled, in addition to any
other remedy to which they are entitled at Law or in equity, to an injunction, specific performance and other equitable relief
to prevent breaches (or threatened breaches) of this Agreement and to enforce specifically the terms and provisions hereof in the
Chosen Courts without proof of damages; and (B) the right of specific enforcement is an integral part of this Agreement and without
that right, neither the Company nor Parent would have entered into this Agreement.

 

(e)          Notices.
All notices and other communications hereunder must be in writing and will be deemed to have been duly delivered and received hereunder
(i) four Business Days after being sent by registered or certified mail, return receipt requested, postage prepaid; (ii) one
Business Day after being sent for next Business Day delivery, fees prepaid, via a reputable international overnight courier service;
or (iii) immediately upon delivery by hand, or if by e-mail, upon written or electronic confirmation of receipt, in each case
to the intended recipient as set forth below:

 

    	 	7	 

     

    

  

If to the Company:

 

Travelport Worldwide Limited

300 Galleria Parkway, SE

Atlanta, GA 30339

Attention:      Margaret K. Cassidy

E-mail:           peg.cassidy@travelport.com

 

with a copy to:

 

Kirkland & Ellis LLP

601 Lexington Ave

New York, NY

Attention:       Daniel Wolf, P.C.

                        Shaun J. Mathew

E-Mail:          daniel.wolf@kirkland.com

                        shaun.mathew@kirkland.com

 

If to the Shareholders:

c/o Elliott Management Corporation

40 West 57th Street

New York, NY 10019

Attention:      Jesse Cohn and Isaac Kim

E-Mail:          JCohn@elliottmgmt.com; IKim@egc-capital.com

 

with a copy to:

Gibson, Dunn & Crutcher LLP

200 Park Avenue

New York, NY 10166

Attention:      Richard J. Birns

E-mail:            rbirns@gibsondunn.com

 

Any notice received at the addressee’s
location on any Business Day after 5:00 p.m., addressee’s local time, or on any day that is not a Business Day will be deemed
to have been received at 9:00 a.m., addressee’s local time, on the next Business Day. From time to time, any party hereto
may provide notice to the other parties hereto of a change in its address or e-mail address through a notice given in accordance
with this Section 14(e), except that that notice of any change to the address or any of the other details specified
in or pursuant to this Section 14(e) will not be deemed to have been received until, and will be deemed to have been
received upon, the later of the date (A) specified in such notice; or (B) that is five Business Days after such notice
would otherwise be deemed to have been received pursuant to this Section 14(e).

 

(f)          No
Third Party Beneficiaries. The parties hereto agree that their respective representations, warranties and covenants (if any)
set forth in this Agreement are solely for the benefit of the other parties hereto in accordance with and subject to the terms
of this Agreement. This Agreement is not intended to, and shall not (and nothing herein express or implied shall be construed to),
confer upon any other Person any rights or remedies hereunder.

 

(g)          Governing
Law. This Agreement and all actions, proceedings or counterclaims (whether based on contract, tort or otherwise) arising out
of or relating to this Agreement shall be governed by, and construed in accordance with the internal Laws of the State of Delaware,
including its statutes of limitations, without giving effect to any Laws or other rule (whether of the State of Delaware or any
other jurisdiction) that would cause the application of the Laws or statutes of limitations of any jurisdiction other than the
State of Delaware.

 

    	 	8	 

     

    

 

(h)          Consent
to Jurisdiction. Each of the parties hereto (a) irrevocably consents to the service of the summons and complaint and any
other process (whether inside or outside the territorial jurisdiction of the Chosen Courts) in any Legal Proceeding relating to
this Agreement, in accordance with Section 14(e) or in such other manner as may be permitted by applicable Law, and
nothing in this Section 14(i) will affect the right of any party hereto to serve legal process in any other manner
permitted by applicable Law; (b) irrevocably and unconditionally consents and submits itself and its properties and assets
in any Legal Proceeding to the exclusive general jurisdiction of the Chosen Courts in the event that any dispute or controversy
arises out of this Agreement; (c) agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or
other request for leave from any such court; (d) agrees that any Legal Proceeding arising in connection with this Agreement
will be brought, tried and determined only in the Chosen Courts; (e) waives any objection that it may now or hereafter have
to the venue of any such Legal Proceeding in the Chosen Courts or that such Legal Proceeding was brought in an inconvenient court
and agrees not to plead or claim the same; and (f) agrees that it will not bring any Legal Proceeding relating to this Agreement
in any court other than the Chosen Courts. Each of parties hereto agrees that a final judgment in any Legal Proceeding in the Chosen
Courts will be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by
applicable Law.

 

(i)          Rules
of Construction. The parties hereto agree that they have been represented by legal counsel during the negotiation and execution
and delivery of this Agreement and therefore waive the application of any Law, holding or rule of construction providing that ambiguities
in an agreement or other document will be construed against the party drafting such agreement or document.

 

(j)          Entire
Agreement. This Agreement, the Merger Agreement and the documents and instruments and other agreements contemplated by or referred
to in the Merger Agreement contain the entire understanding of the parties hereto in respect of the subject matter hereof, and
supersede all prior negotiations, agreements and understandings, both written and oral, between the parties hereto with respect
to the subject matter hereof.

 

(k)          Interpretation.

 

(i)          When
used herein, (i) the words “hereof,” “herein” and “herewith” and words of similar import will,
unless otherwise stated, be construed to refer to this Agreement as a whole and not to any particular provision of this Agreement;
and (ii) the words “include,” “includes” and “including” will be deemed in each case to be
followed by the words “without limitation.”

 

(ii)         The
headings set forth in this Agreement are for convenience of reference purposes only and will not affect or be deemed to affect
in any way the meaning or interpretation of this Agreement or any term or provision hereof

 

    	 	9	 

     

    

 

(l)          Expenses.
All fees and expenses incurred in connection with this Agreement will be paid by the party incurring such fees and expenses whether
or not the Merger is consummated.

 

(m)          Counterparts.
This Agreement and any amendments hereto may be executed in one or more counterparts, all of which will be considered one and the
same agreement and will become effective when one or more counterparts have been signed by each of the parties hereto and delivered
to the other parties hereto, it being understood that all parties hereto need not sign the same counterpart. Any such counterpart,
to the extent delivered by Electronic Delivery, will be treated in all manner and respects as an original executed counterpart
and will be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person.
No party hereto may raise the use of an Electronic Delivery to deliver a signature, or the fact that any signature or agreement
or instrument was transmitted or communicated through the use of an Electronic Delivery, as a defense to the formation of a contract,
and each party hereto forever waives any such defense, except to the extent such defense relates to lack of authenticity.

 

[Remainder of Page Intentionally Left
Blank]

 

    	 	10	 

     

    

 

IN WITNESS WHEREOF, the undersigned have
executed and caused to be effective this Agreement as of the date first above written.

 

	 	TRAVELPORT WORLDWIDE LIMITED
	 	 	 
	 	By:	/s/ Bernard Bot
	 	 	Name: Bernard Bot
	 	 	Title:   Executive Vice President and
	 		Chief Financial Officer

 

[Signature Page to
Voting Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the undersigned have
executed and caused to be effective this Agreement as of the date first above written.

 

	 	ELLIOTT ASSOCIATES, L.P.
	 	 	 
	 	By:	Elliott Capital Advisors, L.P., as General Partner
	 	By:	Braxton Associates, Inc. as General Partner
	 	 	 
	 	By:	/s/ Elliot Greenberg
	 	 	Name:  Elliot Greenberg
	 	 	Title:    Vice President

 

	 	ELLIOTT INTERNATIONAL, L.P.
	 	 
	 	By:	Hambledon, Inc., its General Partner
	 	By:	Elliott International Capital Advisors Inc., as Attorney-in-Fact
	 	 	 
	 	By:	/s/ Elliot Greenberg
	 	 	Name:  Elliot Greenberg
	 	 	Title:    Vice President

 

[Signature Page to Voting Agreement]

 

     

     

    

  

EXHIBIT A

 

	Shareholder	 	Shares
	ELLIOTT ASSOCIATES, L.P.	 	2,160,454 Company Common Shares*
	ELLIOTT INTERNATIONAL, L.P.	 	4,590,955 Company Common Shares

 

* Includes 1,343,314 Company Common Shares held by The Liverpool
Limited Partnership, a wholly-owned subsidiary of Elliott Associates, L.P.

 

Elliott Associates, L.P. and Elliott International L.P. have
also entered into notional principal amount derivative agreements in the form of physically settled swaps (the “Physical
Derivative Agreements”) with respect to 413,144 and 877,931 Company Common Shares that they may be deemed to beneficially
own upon satisfaction of certain conditions. Collectively, the Physical Derivative Agreements represent economic exposure comparable
to an interest in approximately 1.0% of the Company Common Shares. The Company Common Shares that are subject to the Physical Derivative
Agreements shall not be deemed to be “Shares” under this Agreement unless and until any such Company Common Shares
are acquired upon settlement of the Physical Derivative Agreements.

 

Elliott Associates, L.P., through The Liverpool Limited Partnership
and Elliott International L.P. have entered into notional principal amount derivative agreements in the form of cash settled swaps
(the “Cash Derivative Agreements”) with respect to 2,154,300 and 4,577,885 Company Common Shares. The Shareholders
disclaim beneficial ownership in such shares and the Company Common Shares that are subject to the Cash Derivative Agreements shall
not be deemed to be “Shares” under this Agreement.

 

    	 	A-1

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