Document:

REGISTRATION RIGHTS AGREEMENT

 

 

This Registration Rights
Agreement (the “Agreement”) is made and entered into as of this 31st day of March, 2014 by and between
Cytomedix, Inc., a Delaware corporation (the “Company”), Anson Investments Master Fund LP (“Anson”),
BTIG, LLC (the “Placement Agent”) and Keith C. Stone (“ Stone” and, together with Anson and
the Placement Agent, the “Purchasers”).

 

RECITALS

 

WHEREAS, the
Company is offering in a private placement transaction (the “Offering”) in compliance with Section 4(2) and
Rule 506 of Regulation D of the Securities Act of 1933, as amended (the “Securities Act”), its securities consisting
of: (i) 3,846,154 shares of common stock of the Company (the “Common Stock”) (the ”Shares”)
and (ii) warrants to purchase 2,884,615 shares of the Common Stock (the “Warrants”). The Warrants shall be exercisable
for the number of shares of Common Stock set forth in the Warrant at a price of $0.52 per share (together with the shares of Common
Stock underlying the Warrants, the “Warrants Shares”) upon the terms and conditions and subject to the provisions
hereinafter set forth;

 

WHEREAS, Anson,
in connection with its intent to purchase Securities in the Offering, has executed and delivered a Subscription Agreement (as hereinafter
defined) and an Accredited Investor Questionnaire (the “Investor Questionnaire”) memorializing Anson’s
agreement to purchase and the Company’s agreement to sell the number of Securities set forth therein at the Purchase Price,
and this Agreement, pursuant to which the Company will provide certain registration rights related to the Underlying Securities
on the terms set forth herein (the Subscription Agreement, Investor Questionnaire and this Agreement are collectively referred
to as the “Transaction Documents”); and

 

WHEREAS, the
Company is also delivering warrants to purchase Common Stock to the Placement Agent and Stone in connection with the transactions
contemplated by the Offering and by the Facility Agreement (defined below) (the warrants issued now or in the future to the Placement
Agent and Stone in connection with those transactions being the “Placement Agent Warrants”);

 

NOW, THEREFORE,
in consideration of the mutual promises, representations, warranties, covenants, and conditions set forth herein, the parties mutually
agree as follows:

 

1. Certain
Definitions. As used in this Agreement, the following terms shall have the following respective meanings:

 

“Purchase
Price” means the purchase price set forth in the Subscription Agreement.

 

“Approved
Market” means the NASD Over-The-Counter Bulletin Board, the Nasdaq Global Market, the Nasdaq Capital Market, the New
York Stock Exchange, Inc. or the NYSE Mkt LLC.

 

“Blackout
Period” means, with respect to a registration, a period, in each case commencing on the day immediately after the Company
notifies the Purchasers that they are required, because of the occurrence of an event of the kind described in Section 4(f)
hereof, to suspend offers and sales of Registrable Securities during which the Company, in the good faith judgment of its board
of directors, determines (because of the existence of, or in anticipation of, any acquisition, financing activity, or other transaction
involving the Company, or the unavailability for reasons beyond the Company's control of any required financial statements, disclosure
of information which is in its best interest not to publicly disclose, or any other event or condition of similar significance
to the Company) that the registration and distribution of the Registrable Securities to be covered by such registration statement,
if any, would be seriously detrimental to the Company and its stockholders and ending on the earlier of (1) the date upon which
the material non-public information commencing the Blackout Period is disclosed to the public or ceases to be material and (2)
such time as the Company notifies the selling Holders that the Company will no longer delay such filing of the Registration Statement,
recommence taking steps to make such Registration Statement effective, or allow sales pursuant to such Registration Statement to
resume; provided, however, that (a) the Company shall limit its use of Blackout Periods, in the aggregate, to 30
Trading Days in any 12-month period and (b) no Blackout Period may commence sooner than 60 days after the end of a prior Blackout
Period.

 

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“Business
Day” means any day of the year, other than a Saturday, Sunday, or other day on which the Commission is required or authorized
to close.

 

“Closing”
means the date of the Closing set forth in the Subscription Agreement.

 

“Commission”
means the Securities and Exchange Commission or any other federal agency at the time administering the Securities Act.

 

“Common Stock”
means the common stock of the Company and any and all shares of capital stock or other equity securities of: (i) the Company which
are added to or exchanged or substituted for the Common Stock by reason of the declaration of any stock dividend or stock split,
the issuance of any distribution or the reclassification, readjustment, recapitalization or other such modification of the capital
structure of the Company; and (ii) any other corporation, now or hereafter organized under the laws of any state or other governmental
authority, with which the Company is merged, which results from any consolidation or reorganization to which the Company is a party,
or to which is sold all or substantially all of the shares or assets of the Company, if immediately after such merger, consolidation,
reorganization or sale, the Company or the stockholders of the Company own equity securities having in the aggregate more than
50% of the total voting power of such other corporation.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated
thereunder.

 

“Family Member”
means (a) with respect to any individual, such individual's spouse, any descendants (whether natural or adopted), any trust all
of the beneficial interests of which are owned by any of such individuals or by any of such individuals together with any organization
described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, the estate of any such individual, and any corporation,
association, partnership or limited liability company all of the equity interests of which are owned by those above described individuals,
trusts or organizations and (b) with respect to any trust, the owners of the beneficial interests of such trust.

 

“Filing Deadline”
means a date that is fifteen (15) calendar days following the Share Authorization Date.

 

“Holder”
means each Purchaser or any of such Purchaser's respective successors and Permitted Assignees who acquire rights in accordance
with this Agreement with respect to the Registrable Securities directly or indirectly from a Purchaser or from any Permitted Assignee.

 

“Permitted
Assignee” means (a) with respect to a partnership, its partners or former partners in accordance with their partnership
interests, (b) with respect to a corporation, its stockholders in accordance with their interest in the corporation, (c) with respect
to a limited liability company, its members or former members in accordance with their interest in the limited liability company,
(d) with respect to an individual party, any Family Member of such party, (e) an entity that is controlled by, controls, or is
under common control with a transferor or (f) a party to this Agreement.

 

“Placement
Agent” means BTIG LLC, the placement agent in connection with the Offering and the Facility Agreement.

 

The terms “register,”
“registered,” and “registration” refer to a registration effected by preparing and filing a registration
statement in compliance with the Securities Act, and the declaration or ordering of the effectiveness of such registration statement.

 

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“Registrable
Securities” means (i) the Shares, as defined in the Recitals of this Agreement, (ii) the shares of Common Stock issued
or issuable from time to time upon the exercise of the Warrants (the “Warrant Shares”), and (iii) the
shares of Common Stock issued or issuable from time to time upon the exercise of the Placement Agent Warrants, but excluding (x)
any Registrable Securities that have been publicly sold or may be sold immediately without registration under the Securities Act
either pursuant to Rule 144 of the Securities Act or otherwise; (y) any Registrable Securities sold by a person in a transaction
pursuant to a registration statement filed under the Securities Act or (z) any Registrable Securities that are at the time subject
to an effective registration statement under the Securities Act.

 

“Registration
Deadline” means the date that is forty-five (45) days after the date that the applicable Registration Statement is actually
filed.

 

“Registration
Default Period” means the period following the Registration Default Date during which any Registration Event occurs and
is continuing.

 

“Registration
Event” means the Company fails to file with the Commission the Registration Statement on or before the Registration Filing
Date.

 

“Registration
Statement” means the registration statement that the Company is required to file pursuant to this Agreement to register
the Registrable Securities.

 

“Rule 144”
means Rule 144 promulgated by the Commission under the Securities Act.

 

“Securities
Act” means the Securities Act of 1933, as amended, or any similar federal statute promulgated in replacement thereof,
and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time.

 

“SEC Effective
Date” means the date the Registration Statement is declared effective by the Commission.

 

“Share Authorization
Date” shall mean the first date on which the number of shares of Common Stock duly authorized for issuance under the
Company’s Certificate of Incorporation, as amended to date, are sufficient to cover the issuance of (i) all shares issuable
upon a “Cash Exercise” of all warrants issued pursuant to the Facility Agreement (as defined above) and (ii) the full
conversion of all principal amounts outstanding under all Notes issued under the Facility Agreement (regardless of whether or not
such exercises or conversions actually occur). Defined terms not otherwise defined in this definition shall have the meanings set
forth in the Facility Agreement.

 

“Subscription
Agreement” means the subscription dated as of the date hereof by and between the Company and Anson setting forth the
terms and conditions of the Offering.

 

“Trading Day”
means any day on which the national securities exchange, the Nasdaq Stock Market, the NYSE Amex LLC, the NASD Over the Counter
Bulletin Board or such other securities market or quotation system, which at the time constitutes the principal securities market
for the Common Stock, is open for general trading of securities.

 

2.Term.
This Agreement shall continue in full force and effect for a period of two (2) years from the Effective Date, unless terminated
sooner hereunder.

 

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3.Registration.
On or prior to the Filing Date, the Company shall file with the Commission a registration statement on Form S-1, or other
applicable form, relating to the resale by the Holder of all of the Registrable Securities, and the Company shall use its commercially
reasonable best efforts to cause such registration statement to be declared effective prior to the Registration Deadline; provided,
however, that the Company shall not be obligated to effect any such registration, qualification, or compliance pursuant
to this Section, or keep such registration effective pursuant to the terms hereunder during any Blackout Period, in which case
the Registration Deadline shall be extended to the date immediately following the last day of such Blackout Period.

 

The Purchasers understand
and agree that the Company is contractually required, pursuant to the terms of that certain Registration Rights Agreement, dated
as of March 31, 2014, by and among the Company and those lenders set forth on Schedule 1 to the Facility Agreement, by and among
the same parties, as of the same date (the “Facility Agreement”) to register for resale in the registration
statement certain securities issuable upon conversion and exercises of securities sold to such lenders (the “Lender Securities”)
and that the Company shall include the Registrable Securities therein in addition to the registration of the Lender Securities.
Each of the Purchasers further understands and agrees that if and to the extent, after the filing of the Registration Statement
with the SEC pursuant to the terms hereof, the SEC imposes a limitation on the number of shares permitted to be registered on a
Registration Statement, the number of shares to be registered on such Registration Statement (or additional Registration Statement),
as applicable, shall be reduced in the following order of priority: (i) the Registrable Securities, and (ii) all registrable Lender
Securities on a pro rata basis based on the number of such securities registered for such lenders. In the event of any such reduction
in registrable securities pursuant to this paragraph, the Company shall file one or more new registration statements in accordance
with this Section until such time as all of the Registrable Securities have been included in registration statements that have
been declared effective and the prospectus contained therein is available for use by the Purchasers and that each additional registration
statement, if any, will be subject to the same reduction priority as set forth herein. Each Purchaser understands and agrees that
notwithstanding any provision herein to the contrary, the Company’s obligations to register the Registrable Securities shall
be qualified as necessary to comport with any requirement of the SEC or its staff as addressed herein.

 

If a Registration Event
occurs, then the Company will make payments to each Purchaser (a “Qualified Purchaser”), as partial liquidated
damages for the minimum amount of damages to the Qualified Purchaser by reason thereof, and not as a penalty, at a rate equal to
1% of the Purchase Price of the Registrable Securities then held by a Qualified Purchaser monthly, for each calendar month of the
Registration Default Period (pro rated for any period less than 30 days), up to a maximum, together with all payments made by the
Company to such Purchaser pursuant hereto, of 10% of the Purchase Price of the Securities purchased by such Purchaser; provided,
however, if a Registration Event occurs (or is continuing) on a date more than six months after the Qualified Purchaser
acquired the Registrable Securities (and thus the six month holding period under Rule 144(d) has elapsed), liquidated damages shall
be paid only with respect to that portion of the Qualified Purchaser's Registrable Securities that cannot then be immediately resold
in reliance on Rule 144, assuming for such Warrant exercises the use of such Warrants cashless exercise feature in accordance with
the terms of the Warrants. Each such payment shall be due and payable within ten days after the end of each calendar month of the
Registration Default Period until the termination of the Registration Default Period and within ten days after such termination.
Such payments shall constitute the Qualified Purchaser's exclusive remedy for such events. The Registration Default Period shall
terminate upon (i) the filing of the Registration Statement in the case of clause (a) of the definition of Registration Event,
(ii) the SEC Effective Date in the case of clause (b) of the definition of Registration Event assuming for such Warrant exercises
the use of such Warrants cashless exercise feature in accordance with the terms of the Warrants, (iii) the ability of the Qualified
Purchaser to effect sales pursuant to the Registration Statement in the case of clause (c) of the definition of Registration Event,
(iv) the listing or inclusion and/or trading of the Common Stock on an Approved Market, as the case may be, in the case of clause
(d) of the definition of Registration Event, and (v) in the case of the events described in clauses (b) and (c) of the definition
of Registration Event, the earlier termination of the Registration Default Period. The amounts payable as partial liquidated damages
pursuant to this paragraph shall be payable (i) in lawful money of the United States or, (ii) at the Company’s sole election,
in shares of Common Stock, which such shares shall be issued at the then current market price at the time payment becomes due.
Amounts payable as liquidated damages to each Qualified Purchaser hereunder with respect to each share of Registrable Securities
shall cease when the Qualified Purchaser no longer holds such shares of Registrable Securities or such shares of Registrable Securities
can be immediately sold by the Qualified Purchaser in reliance on Rule 144.

 

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4.Registration Procedures.
The Company will keep the Holder reasonably advised as to the filing and effectiveness of the Registration Statement. At its expense
with respect to the Registration Statement, the Company will:

 

(a) prepare
and file with the Commission with respect to the Registrable Securities, a registration statement on Form S-1, or any other form
for which the Company then qualifies or which counsel for the Company shall deem appropriate and which form shall be available
for the sale of the Registrable Securities in accordance with the intended methods of distribution thereof, and use its commercially
reasonable efforts to cause such registration statement to become and remain effective at for a period of nine (9) months or for
such shorter period ending on the earlier to occur of (i) the sale of all Registrable Securities and (ii) the availability under
Rule 144 for the Holder to sell the Registrable Securities (in either case, the “Effectiveness Period”);

 

(b) if a
registration statement is subject to review by the Commission, promptly respond to all comments and diligently pursue resolution
of any comments to the satisfaction of the Commission;

 

(c) prepare
and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection
therewith as may be necessary to keep such registration statement effective during the Effectiveness Period;

 

(d) furnish,
without charge, to each Holder of Registrable Securities covered by such registration statement (i) a reasonable number of copies
of such registration statement (including any exhibits thereto other than exhibits incorporated by reference), each amendment and
supplement thereto as such Holder may reasonably request, (ii) such number of copies of the prospectus included in such registration
statement (including each preliminary prospectus and any other prospectus filed under Rule 424 under the Securities Act) as such
Holders may reasonably request, in conformity with the requirements of the Securities Act, and (iii) such other documents as such
Holder may require to consummate the disposition of the Registrable Securities owned by such Holder, but only during the Effectiveness
Period;

 

(e) use
its commercially reasonable best efforts to register or qualify such registration under such other applicable securities or blue
sky laws of such jurisdictions as any Holder of Registrable Securities covered by such registration statement reasonably requests
and as may be necessary for the marketability of the Registrable Securities (such request to be made by the time the applicable
registration statement is deemed effective by the Commission) and do any and all other acts and things necessary to enable such
Holder to consummate the disposition in such jurisdictions of the Registrable Securities owned by such Holder; provided,
however, that the Company shall not be required to (i) qualify generally to do business in any jurisdiction where it would
not otherwise be required to qualify but for this paragraph, (ii) subject itself to taxation in any such jurisdiction, or (iii)
consent to general service of process in any such jurisdiction;

 

(f) as promptly
as practicable after becoming aware of such event, notify each Holder of Registrable Securities, the disposition of which requires
delivery of a prospectus relating thereto under the Securities Act, of the happening of any event, which comes to the Company's
attention, that will after the occurrence of such event cause the prospectus included in such registration statement, if not amended
or supplemented, to contain an untrue statement of a material fact or an omission to state a material fact required to be stated
therein or necessary to make the statements therein not misleading and the Company shall promptly thereafter prepare and furnish
to such Holder a supplement or amendment to such prospectus (or prepare and file appropriate reports under the Exchange Act) so
that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus shall not contain an untrue statement
of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein
not misleading, unless suspension of the use of such prospectus otherwise is authorized herein or in the event of a Blackout Period,
in which case no supplement or amendment need be furnished (or Exchange Act filing made) until the termination of such suspension
or Blackout Period;

 

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(g) comply
in all material respects with the Securities Act and the Exchange Act and with all applicable rules and regulations of the Commission
with respect to the disposition of all securities covered by such registration statement;

 

(h) as promptly
as practicable after becoming aware of such event, notify each Holder of Registrable Securities being offered or sold pursuant
to the Registration Statement of the issuance by the Commission of any stop order or other suspension of effectiveness of the Registration
Statement;

 

(i) use
its best efforts to cause all the Registrable Securities covered by the Registration Statement to be quoted on the Approved Market
on which securities of the same class or series issued by the Company are then listed or traded;

 

(j) provide
a transfer agent and registrar, which may be a single entity, for the shares of Common Stock at all times;

 

(k) cooperate
with the Holders of Registrable Securities being offered pursuant to the Registration Statement to issue and deliver, or cause
its transfer agent to issue and deliver, certificates representing Registrable Securities to be offered pursuant to the Registration
Statement within a reasonable time after the delivery of certificates representing the Registrable Securities to the transfer agent
or the Company, as applicable, and enable such certificates to be in such denominations or amounts as the Holders may reasonably
request and registered in such names as the Holders may request; and

 

(l) take
all other reasonable actions necessary to expedite and facilitate the disposition by the Holders of the Registrable Securities
pursuant to the Registration Statement.

 

5.Suspension
of Offers and Sales. Each Holder agrees that, upon receipt of any notice from the Company of the happening of any event
of the kind described in Section 4(f) hereof or of the commencement of an Blackout Period, such Holder shall discontinue
the disposition of Registrable Securities included in the Registration Statement until such Holder's receipt of the copies of
the supplemented or amended prospectus contemplated by Section 4(f) hereof or notice of the end of the Blackout Period,
and, if so directed by the Company, such Holder shall deliver to the Company (at the Company's expense) all copies (including,
without limitation, any and all drafts), other than permanent file copies, then in such Holder's possession, of the prospectus
covering such Registrable Securities current at the time of receipt of such notice.

 

6.Registration Expenses.
The Company shall pay all expenses in connection with any registration obligation provided herein, including, without limitation,
all registration, filing, stock exchange fees, printing expenses, all fees and expenses of complying with securities or blue sky
laws, and the fees and disbursements of counsel for the Company and of its independent accountants; provided that, in any underwritten
registration, each party shall pay for its own underwriting discounts and commissions and transfer taxes. Except as provided in
this Section and Section 9 hereof, the Company shall not be responsible for the expenses of any attorney or other advisor
employed by a Holder.

 

7.Assignment of Rights.
No Holder may assign its rights under this Agreement to any party without the prior written consent of the Company; provided,
however, that a Holder may assign its rights under this Agreement without such consent to a Permitted Assignee as long as
(a) such transfer or assignment is effected in accordance with applicable securities laws; (b) such transferee or assignee agrees
in writing to become subject to the terms of this Agreement; and (c) the Company is given written notice by such Holder of such
transfer or assignment, stating the name and address of the transferee or assignee and identifying the Registrable Securities with
respect to which such rights are being transferred or assigned.

 

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8.Information by Holder.
Holders included in any registration shall furnish to the Company such information as the Company may reasonably request in writing
regarding such Holders and the distribution proposed by such Holders.

 

9.Indemnification. 

 

(a) In the
event of the offer and sale of Registrable Securities under the Securities Act, the Company shall, and hereby does, indemnify and
hold harmless, to the fullest extent permitted by law, each Holder, its directors, officers, partners, each other person who participates
as an underwriter in the offering or sale of such securities, and each other person, if any, who controls or is under common control
with such Holder or any such underwriter within the meaning of Section 15 of the Securities Act, against any losses, claims, damages
or liabilities, joint or several, and expenses to which the Holder or any such director, officer, partner or underwriter or controlling
person may become subject under the Securities Act or otherwise, insofar as such losses, claims, damages, liabilities or expenses
(or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon any untrue statement
of any material fact contained in any registration statement prepared and filed by the Company under which shares of Registrable
Securities were registered under the Securities Act, any preliminary prospectus, final prospectus or summary prospectus contained
therein, or any amendment or supplement thereto, or any omission to state therein a material fact required to be stated therein
or necessary to make the statements therein in light of the circumstances in which they were made not misleading, and the Company
shall reimburse the Holder, and each such director, officer, partner, underwriter and controlling person for any legal or any other
expenses reasonably incurred by them in connection with investigating, defending or settling any such loss, claim, damage, liability,
action or proceeding; provided that the Company shall not be liable in any such case (i) to the extent that any such loss, claim,
damage, liability (or action or proceeding in respect thereof) or expense arises out of or is based upon an untrue statement in
or omission from such registration statement, any such preliminary prospectus, final prospectus, summary prospectus, amendment
or supplement in reliance upon and in conformity with written information furnished to the Company through an instrument duly executed
by or on behalf of such Holder specifically stating that it is for use in the preparation thereof or (ii) if the person asserting
any such loss, claim, damage, liability (or action or proceeding in respect thereof) who purchased the Registrable Securities that
are the subject thereof did not receive a copy of an amended preliminary prospectus or the final prospectus (or the final prospectus
as amended or supplemented) at or prior to the written confirmation of the sale of such Registrable Securities to such person because
of the failure of such Holder or underwriter to so provide such amended preliminary or final prospectus and the untrue statement
or omission of a material fact made in such preliminary prospectus was corrected in the amended preliminary or final prospectus
(or the final prospectus as amended or supplemented). Such indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of the Holders, or any such director, officer, partner, underwriter or controlling person and shall survive
the transfer of such shares by the Holder.

 

(b) As a
condition to including Registrable Securities in any registration statement filed pursuant to this Agreement, each Holder agrees
to be bound by the terms of this Section 9 and to indemnify and hold harmless, to the fullest extent permitted by law, the
Company, its directors and officers, and each other person, if any, who controls the Company within the meaning of Section 15 of
the Securities Act, against any losses, claims, damages or liabilities, joint or several, to which the Company or any such director
or officer or controlling person may become subject under the Securities Act or otherwise, insofar as such losses, claims, damages
or liabilities (or actions or proceedings, whether commenced or threatened, in respect thereof) that arises out of or is based
upon an untrue statement in or omission from such registration statement, any such preliminary prospectus, final prospectus, summary
prospectus, amendment or supplement in reliance upon and in conformity with written information furnished to the Holder through
an instrument duly executed by or on behalf of the Company specifically stating that it is for use in the preparation thereof,
and such Holder shall reimburse the Company, and each such director, officer, and controlling person for any legal or other expenses
reasonably incurred by them in connection with investigating, defending, or settling and such loss, claim, damage, liability, action,
or proceeding; provided, however, that such indemnity agreement found in this Section 9 shall in no event
exceed the gross proceeds from the offering received by such Holder. Such indemnity shall remain in full force and effect, regardless
of any investigation made by or on behalf of the Company or any such director, officer or controlling person and shall survive
the transfer by any Holder of such shares.

 

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(c) Promptly
after receipt by an indemnified party of notice of the commencement of any action or proceeding involving a claim referred to in
this Section (including any governmental action), such indemnified party shall, if a claim in respect thereof is to be made against
an indemnifying party, give written notice to the indemnifying party of the commencement of such action; provided that the failure
of any indemnified party to give notice as provided herein shall not relieve the indemnifying party of its obligations under this
Section, except to the extent that the indemnifying party is actually prejudiced by such failure to give notice. In case any such
action is brought against an indemnified party, unless in the reasonable judgment of counsel to such indemnified party a conflict
of interest between such indemnified and indemnifying parties may exist or the indemnified party may have defenses not available
to the indemnifying party in respect of such claim, the indemnifying party shall be entitled to participate in and to assume the
defense thereof, with counsel reasonably satisfactory to such indemnified party and, after notice from the indemnifying party to
such indemnified party of its election so to assume the defense thereof, the indemnifying party shall not be liable to such indemnified
party for any legal or other expenses subsequently incurred by the latter in connection with the defense thereof, unless in such
indemnified party's reasonable judgment a conflict of interest between such indemnified and indemnifying parties arises in respect
of such claim after the assumption of the defenses thereof or the indemnifying party fails to defend such claim in a diligent manner,
other than reasonable costs of investigation. Neither an indemnified nor an indemnifying party shall be liable for any settlement
of any action or proceeding effected without its consent. No indemnifying party shall, without the consent of the indemnified party,
consent to entry of any judgment or enter into any settlement, which 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.
Notwithstanding anything to the contrary set forth herein, and without limiting any of the rights set forth above, in any event
any party shall have the right to retain, at its own expense, counsel with respect to the defense of a claim.

 

(d) In the
event that an indemnifying party does or is not permitted to assume the defense of an action pursuant to Section 9(c) hereof
or in the case of the expense reimbursement obligation set forth in Sections 9(a) and (b) hereof, the indemnification
required by Sections 9(a) and (b) hereof shall be made by periodic payments of the amount thereof during the course
of the investigation or defense, as and when bills received or expenses, losses, damages, or liabilities are incurred.

 

(e) If the
indemnification provided for in this Section is held by a court of competent jurisdiction to be unavailable to an indemnified party
with respect to any loss, liability, claim, damage or expense referred to herein, the indemnifying party, in lieu of indemnifying
such indemnified party hereunder, shall (i) contribute to the amount paid or payable by such indemnified party as a result of such
loss, liability, claim, damage or expense as is appropriate to reflect the proportionate relative fault of the indemnifying party
on the one hand and the indemnified party on the other (determined by reference to, among other things, whether the untrue or alleged
untrue statement of a material fact or omission relates to information supplied by the indemnifying party or the indemnified party
and the parties' relative intent, knowledge, access to information and opportunity to correct or prevent such untrue statement
or omission), or (ii) if the allocation provided by clause (i) above is not permitted by applicable law or provides a lesser sum
to the indemnified party than the amount hereinafter calculated, not only the proportionate relative fault of the indemnifying
party and the indemnified party, but also the relative benefits received by the indemnifying party on the one hand and the indemnified
party on the other, as well as any other relevant equitable considerations. No indemnified party guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any indemnifying party who was
not guilty of such fraudulent misrepresentation.

 

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(f) Other
Indemnification. Indemnification similar to that specified in this Section (with appropriate modifications) shall be given
by the Company and each Holder of Registrable Securities with respect to any required registration or other qualification of securities
under any federal or state law or regulation or governmental authority other than the Securities Act.

 

10.Rule
144. For a period of at least twelve (12) months following the Closing Date, the Company will use its commercially reasonable
best efforts to timely file all reports required to be filed by the Company after the date hereof under the Securities Act and
the Exchange Act and the rules and regulations adopted by the Commission thereunder, and if the Company is not required to file
reports pursuant to such sections, it will prepare and furnish to the Purchasers and make publicly available in accordance with
Rule 144(c) such information as is required for the Purchasers to sell shares of Common Stock under Rule 144.

 

11.Reserved.

 

12.Miscellaneous.

 

(a) Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, both substantive
and remedial, excluding that body of law relating to conflict of laws.

 

(b) Successors
and Assigns. Except as otherwise provided herein, the provisions hereof shall inure to the benefit of, and be binding upon,
the successors, Permitted Assignees, executors and administrators of the parties hereto. In the event the Company merges with,
or is otherwise acquired by, a direct or indirect subsidiary of a publicly traded company, the Company shall condition the merger
or acquisition on the assumption by such parent company of the Company's obligations under this Agreement.

 

(c) Entire
Agreement. This Agreement constitutes the full and entire understanding and agreement between the parties with regard to
the subjects hereof.

 

(d) Notices,
etc.  All notices or other communications which are required or permitted under this Agreement shall be in writing and
sufficient if delivered by hand, by facsimile transmission, by registered or certified mail, postage pre-paid, by electronic mail,
or by courier or overnight carrier, to the persons at the addresses set forth below (or at such other address as may be provided
hereunder), and shall be deemed to have been delivered as of the date so delivered:

 

if to the Company to:

 

        Cytomedix,
Inc.

209
Perry Parkway, Suite 7

Gaithersburg,
MD 20877

Attention: Martin Rosendale, CEO

Telephone No.: 240-499-2680

 

if to Anson, to:

 

[_].

 

If to the Placement
Agent or Stone to:

 

BTIG

600 Montgomery
Street, 6th Floor

San Francsisco,
CA 94111

Attn: Brian Endres

(415) 248-2235

 

Keith C. Stone

2824 Filbert Street

San Francisco,
CA 94123

(415) 305-4000

 

    	9

    	 

    

 

(e) Delays
or Omissions. No delay or omission to exercise any right, power or remedy accruing to any Holder, upon any breach or default
of the Company under this Agreement, shall impair any such right, power or remedy of such Holder nor shall it be construed to be
a waiver of any such breach or default, or an acquiescence therein, or of or in any similar breach or default thereunder occurring;
nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter
occurring. Any waiver, permit, consent or approval of any kind or character on the part of any Holder of any breach or default
under this Agreement, or any waiver on the part of any Holder of any provisions or conditions of this Agreement, must be in writing
and shall be effective only to the extent specifically set forth in such writing. All remedies, either under this Agreement, or
by law or otherwise afforded to any holder, shall be cumulative and not alternative.

 

(f) Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be enforceable against the parties actually executing
such counterparts, and all of which together shall constitute one instrument. In the event that any signature is delivered by facsimile
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 signature page were an original thereof.

 

(g) Severability.
In the case any provision of this Agreement shall be invalid, illegal or unenforceable, the validity, legality and enforceability
of the remaining provisions shall not in any way be affected or impaired thereby.

 

(h) Amendments.
The provisions of this Agreement may be amended at any time and from time to time, and particular provisions of this Agreement
may be waived, with and only with an agreement or consent in writing signed by the Company and the Holder.

 

(i) Compliance.
The Holder covenants and agrees that it will comply with the prospectus delivery requirements of the Securities Act
as applicable to it (unless an exception therefrom is available) in connection with sales of the Registrable Securities pursuant
to a Registration Agreement.

 

[SIGNATURE PAGES FOLLOW]

 

    	10

    	 

    

 

This Registration Rights Agreement is hereby
executed as of the date first above written.

 

	                                       	CYTOMEDIX, INC.	 
	 	 	 	 
	                                         	By:    	/s/ Martin Rosendale	 
	                                         	Name:  	Martin Rosendale	 
	                                        	Title:  	Chief Executive Officer	 

 

    	11

    	 

    

 

This Registration Rights Agreement is hereby
executed as of the date first above written.

 

	 	PURCHASERS:	 
	 	 	 
	 	Anson Investments Master Fund LP	 
	 	(PRINT NAME)	 
	 	 	 	 	 	 
	 	 	 	 	 	 
		By:	/s/ Moez Kassam	 
	 	 	Name:	Moez Kassam, Director MSU Advisors	 
	 	 	 	Its: 	Investment Manager	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	BTIG, LLC	 	 
	 	 	 	 	 	 
		By:	/s/ Brian K. Endres	 
	 	 	 Name:	Brian K. Endres	 
	 	 	 	Its: 	CFO, BTIG LLC	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	KEITH C. STONE	 
	                                          	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	By:	/s/ Keith C. Stone	 
	 	 	Name:	 Keith C. Stone	 
	 	 	 	Its:	 	 

  

    	12EXHIBIT 10.1

 

EXECUTION VERSION

 

SEVENTH AMENDMENT TO SECOND AMENDED AND
RESTATED

FIRST LIEN CREDIT AGREEMENT

 

This SEVENTH AMENDMENT
TO SECOND AMENDED AND RESTATED FIRST LIEN CREDIT AGREEMENT (“Amendment”), dated as of April 7, 2014 (the “Seventh
Amendment Effective Date”), is by and among Energy XXI Gulf Coast, Inc., a Delaware corporation (the “Borrower”),
the lenders party to the Credit Agreement described below (the “Lenders”), and The Royal Bank of Scotland
plc, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”), and the other parties
in the capacities herein identified.

 

RECITALS

 

WHEREAS, the Borrower,
the Lenders, the Administrative Agent and certain other Persons are parties to the Second Amended and Restated First Lien Credit
Agreement, dated as of May 5, 2011, as amended by the First Amendment to Second Amended and Restated First Lien Credit Agreement
dated as of October 4, 2011, by the Second Amendment to Second Amended and Restated First Lien Credit Agreement dated as of
May 24, 2012, by the Third Amendment to Second Amended and Restated First Lien Credit dated as of October 19, 2012, by
the Fourth Amendment to Amended and Restated First Lien Credit Agreement dated as of April 9, 2013, by the Fifth Amendment
to Second Amended and Restated First Lien Credit Agreement dated as of May 1, 2013 and by the Sixth Amendment to Second Amended
and Restated First Lien Credit Agreement dated as of September 27, 2013 (as amended, supplemented, amended and restated or
otherwise modified from time to time, the “Credit Agreement”); and

 

WHEREAS, the Borrower
has requested that the Administrative Agent, the Swing Line Lender, each Issuer, and the Lenders amend the Credit Agreement in
certain respects as set forth herein.

 

NOW, THEREFORE, in consideration
of the premises and the mutual covenants, representations and warranties contained herein, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

AGREEMENT

 

Section
1.          Definitions. Capitalized terms used herein but not
defined herein shall have the meanings as given them in the Credit Agreement, unless the context otherwise requires.

 

    	 

    	 

    

 

Section 2.          Amendment
to the Credit Agreement.

 

(a)          Section 1.1
of the Credit Agreement is hereby amended by adding the following definitions thereto in alphabetical order:

 

“2013
Debt” means the Indebtedness under the 2013 Notes Indenture, the 2013 Notes and the other 2013 Debt Documents, and any
refinancing of such Indebtedness to the extent permitted in accordance with the terms hereof.

 

“2013
Debt Documents” means the 2013 Notes Indenture, the 2013 Notes, and the other agreements, certificate, documents or instruments
delivered in connection with any of the foregoing.

 

“2013
Noteholders” shall have the meaning given to the term “Holders” in the 2013 Notes Indenture (or such corresponding
term in the event the Borrower’s obligations under the 2013 Notes Indenture are refinanced in accordance with the terms hereof).

 

“2013
Notes” means the Borrower’s 7.50% senior unsecured notes due 2021 and shall have the meaning given the term “Notes”
as defined in the 2013 Notes Indenture; for the avoidance of doubt, the “2013 Notes” shall include any Notes (as defined
in the 2013 Notes Indenture) issued under the 2013 Notes Indenture in capitalization of Borrower’s interest payment obligations
on then outstanding 2013 Notes.

 

“2013
Notes Indenture” means that certain Indenture, dated as of September 26, 2013, pursuant to which the 2013 Notes were
issued, as amended, supplemented, amended and restated, refinanced or otherwise modified from time to time in accordance with Section 7.2.11.

 

“Seventh
Amendment Effective Date” means April 7, 2014.

 

(b)          Section 1.1
of the Credit Agreement is hereby further amended by amending

 

(i)          the
definition of Interest Expense by adding the phrase “, the 2013 Debt Documents” after the phrase “2011 Debt Documents”.

 

(ii)         the
definition of Senior Unsecured Debt Documents by adding the phrase “and the 2013 Debt Documents” after the phrase “2011
Debt Documents”.

 

(iii)        the
definition of Total Debt by adding the phrase “, the 2013 Debt” after the phrase “2011 Debt” and by adding
the phrase “, the 2013 Notes” after the phrase “2011 Notes” in both places where such phrase appears.

 

(c)          Section 3.3.1
of the Credit Agreement is hereby amended by adding the following as the second sentence of such Section:

 

    	-2-

    	 

    

 

“For
the avoidance of doubt, the fee payable pursuant to the preceding sentence will be determined without regard to Section 7.1.16
of this Agreement.”

 

(d)          Section 7.1.1(i)
of the Credit Agreement is hereby amended by adding the phrase “, the 2013 Notes Indenture” after the phrase “2011
Notes Indenture”.

 

(e)          Section 7.1.1(t)
of the Credit Agreement is hereby amended by adding the phrase “and the 2013 Notes Indenture” after the phrase “2011
Notes Indenture”.

 

(f)          Section 7.1.16
of the Credit Agreement is amended and restated in its entirety to the following:

 

“(a)          During
each period from July 1st to October 31st of each calendar year, the Borrower will not permit the aggregate Credit Exposures of
all Lenders to exceed an amount equal to (i) the lesser of the Aggregate Commitment or the Borrowing Base then in effect minus
(ii) $50,000,000; provided, however, that in the event that during such calendar year the Borrower’s or
any of its Subsidiary’s Oil and Gas Properties shall suffer hurricane damage, the Administrative Agent, upon the request
of the Borrower, is authorized to reduce such $50,000,000 for such calendar year to an amount (not less than zero) acceptable to
the Administrative Agent in its sole discretion.

 

(b)          In
addition to the availability required to be maintained under clause (a), if the Borrower has at any time Permitted Unsecured
Indebtedness issued and outstanding pursuant to Section 7.2.2(j) the Borrower will be required to further maintain availability
hereunder in an amount equal to 25% of such Permitted Unsecured Indebtedness (and thus will not permit the aggregate Credit Exposures
of all Lenders to exceed an amount equal to (i) the lesser of the Aggregate Commitment or the Borrowing Base then in effect,
minus (ii) the amount of availability then required to be maintained in accordance with clause (a) of this Section 7.1.16,
minus (iii) an amount equal to 25% of Permitted Unsecured Indebtedness then issued and outstanding pursuant to Section 7.2.2(j));
provided, however, that notwithstanding any other provisions of this Agreement, the availability requirement and
borrowing limitation set forth in this clause (b) may not be waived, amended or modified without the consent of all of the Lenders.”

 

(g)          Section 7.2.2(b)
of the Credit Agreement is hereby amended by adding the phrase “and the 2013 Debt” after the phrase “2011 Debt”.

 

(h)          Section 7.2.2(j)
is amended and restated in its entirety to the following:

 

“Indebtedness
(including, but without duplication, Contingent Liabilities of the Subsidiary Guarantors in respect thereof) incurred on or after
the Seventh Amendment Effective Date, in an amount not to exceed an aggregate outstanding principal amount of up to $1,000,000,000
so long as (i) such Indebtedness remains at all times unsecured Indebtedness, (ii) such Indebtedness does not have a
maturity date that is prior to the date that is six (6) months after the Stated Maturity Date, (iii) after giving effect to
the incurrence of such Indebtedness no Default or Event of Default shall have occurred and be continuing, and (iv) after giving
effect to the incurrence of such Indebtedness the Borrower is in pro forma compliance with Section 7.2.4, and the refinancing
of all or any applicable portion of such Indebtedness (including amounts relating to fees and premiums incurred in connection with
such refinancing) so long as such refinancing is on terms and conditions that are, taken as a whole, no less favorable to the Lenders
than the Indebtedness so refinanced (the “Permitted Unsecured Indebtedness”);”

 

    	-3-

    	 

    

 

(i)          Section 7.2.11(c)
of the Credit Agreement is hereby amended by adding the phrase “, the 2013 Debt Documents” after the phrase “2011
Debt Documents”.

 

(j)          The
heading in Section 7.2.15 is hereby amended and restated in its entirety to “Section 7.2.15 No Prepayment of 2010 Notes,
2011 Notes or 2013 Notes” and Section 7.2.15(a) of the Credit Agreement is hereby amended and restated in its entirety
to the following:

 

“(a)          make
any payment or prepayment of principal of, or premium or interest on, the 2010 Debt, the 2011 Debt or the 2013 Debt other than:
(i) with respect to interest, (A) on the stated, scheduled dates for payment of interest set forth in the Senior Unsecured
Debt Documents, as the case may be, or (B) upon any refinancing of the 2010 Debt or the 2011 Debt, the 2013 Debt, respectively,
permitted in accordance with the terms of this Agreement, or (ii) with respect to principal, (A) on the date of the stated
maturity indicated in the 2010 Debt Documents, the 2011 Debt Documents or the 2013 Debt Documents with respect to the payment of
principal on the 2010 Debt, the 2011 Debt or the 2011 Debt, respectively, (B) on each scheduled date for payment of principal
or as required in connection with a mandatory prepayment, redemption or defeasance of the 2010 Debt, the 2011 Debt or the 2013
Debt under the respective Senior Unsecured Debt Documents, so long as on the date of such payment (1) no Default, Event of
Default or Borrowing Base Deficiency has occurred and is continuing or would result therefrom and (2) the Borrower has paid
any Obligations required to be paid hereunder pursuant to the terms of this Agreement, or (C) upon any refinancing of the
2010 Debt, the 2011 Debt or the 2013 Debt permitted in accordance with the terms of this Agreement;”

 

(k)          Section 7.2.15(b)
and (c) of the Credit Agreement are each hereby amended by adding the phrase “or the 2013 Debt” after the phrase “2011
Debt”.

 

(l)          Section 8.1.5
of the Credit Agreement is hereby amended by adding the phrase “, the 2013 Debt Documents” after the phrase “2011
Debt Documents”.

 

Section
3.          Amendment to Schedule III to Credit Agreement.
Schedule III to the Credit Agreement is hereby amended and restated in its entirety to be in the form attached to this
Amendment as Annex I.

 

Section
4.          New Borrowing Base and Revolving Loan Commitments.
Pursuant to Section 2.8.2 of the Credit Agreement, the Borrower and the Lenders hereby agree that the Borrowing
Base is set at $1,200,000,000 for the period from the date hereof to the date of the next determination of the Borrowing Base
pursuant to the provisions of Section 2.8 of the Credit Agreement or, if earlier, the date of any other
adjustment to the Borrowing Base pursuant to the provisions of the Credit Agreement, as the case may be. Each Lender hereby
agrees that effective as of the Seventh Amendment Effective Date that its Revolving Loan Commitment is set forth in
Schedule III attached as Annex I to this Amendment.

 

    	-4-

    	 

    

 

Section
5.          Assignments. Effective on the Seventh Amendment
Effective Date, each Lender hereby irrevocably sells and assigns to the each other Lender hereunder and each Lender hereunder
hereby irrevocably purchases and accepts subject to and in accordance with the Standard Terms and Conditions set forth in
Annex I to Exhibit D of the Credit Agreement so much of the Aggregate Commitment such that after giving effect to
such sales and assignments, the Lenders have the respective Revolving Loan Commitments and Percentages set forth in the
Commitment Schedule attached hereto as Annex I to this Amendment and to the extent permitted to be assigned under
applicable law, all claims, suits, causes of action and any other right of the Lenders (in their respective capacities as
Lenders) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, the other
Loan Documents or in any way based on or related to any of the foregoing, including, but not limited to, contract claims,
tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and
obligations sold and assigned hereby. Such sale and assignment is without recourse to the selling Lenders and without
representations or warranty by the selling Lenders except as expressly provided in paragraph 1.1 of the Standard Terms
and Conditions. The Administrative Agent, the Issuing Bank, the Swing Line Lender and the Borrower hereby consent to the
foregoing sale and assignment.

 

Section
6.          Conditions to Effectiveness. This Amendment shall become
effective as of the Seventh Amendment Effective Date when all of the conditions set forth in this Section 6 have been
satisfied.

 

(a)          The
Administrative Agent shall have received counterparts (in such number as may be requested by the Administrative Agent) of this
Amendment signed on behalf of the Borrower, the Administrative Agent, the Swing Line Lender, the Issuers and all of the Lenders.

 

(b)          The
Administrative Agent shall have received a certificate from the Borrower certifying as to the matters set forth in Section 5.2.1
of the Credit Agreement, provided that each reference to a “Credit Extension” shall be deemed to be a reference
to entering into this Amendment and the transactions contemplated hereby.

 

(c)          The
Administrative Agent shall have received such other documents and amendments to the Loan Documents as it may reasonably request.

 

(d)          The
representations and warranties in Section 4 below shall be true and correct.

 

(e)          No
Default, Event of Default or Borrowing Base Deficiency shall have occurred and be continuing.

 

(f)          The
Administrative Agent shall have received for its own account, or for the account of each Lender, as the case may be, all fees,
costs and expenses due and payable pursuant to Section 3.3 of the Credit Agreement and, if then invoiced, pursuant to Section 10.3
of the Credit Agreement.

 

    	-5-

    	 

    

 

Section 7.          Representations
and Warranties. The Borrower hereby represents and warrants that after giving effect hereto:

 

(a)          the
representations and warranties of the Obligors contained in the Loan Documents are true and correct in all material respects, other
than those representations and warranties that expressly relate solely to a specific earlier date, which shall remain correct in
all material respects as of such earlier date;

 

(b)          the
execution, delivery and performance by the Borrower and each other Obligor of this Amendment and the other Loan Documents have
been duly authorized by all necessary corporate or other action required on their part and this Amendment, along with the Credit
Agreement as amended hereby and the other Loan Documents, constitutes the legal, valid and binding obligation of each Obligor a
party thereto enforceable against them in accordance with its terms, except as its enforceability may be affected by the effect
of bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to or affecting
the rights or remedies of creditors generally;

 

(c)          neither
the execution, delivery and performance of this Amendment by the Borrower and each other Obligor, the performance by them of the
Credit Agreement as amended hereby nor the consummation of the transactions contemplated hereby does or shall contravene, result
in a breach of, or violate (i) any provision of any Obligor’s certificate or articles of incorporation or bylaws or
other similar documents, or agreements, (ii) any law or regulation, or any order or decree of any court or government instrumentality,
or (iii) any indenture, mortgage, deed of trust, lease, agreement or other instrument to which any Obligor or any of its Subsidiaries
is a party or by which any Obligor or any of its Subsidiaries or any of their property is bound, except in any such case to the
extent such conflict or breach has been waived by a written waiver document, a copy of which has been delivered to Administrative
Agent on or before the date hereof; and

 

(d)          no
Default or Event of Default or Borrowing Base Deficiency has occurred and is continuing.

 

Section 8.          Loan
Document; Ratification.

 

(a)          This
Amendment is a Loan Document. Each reference to the Credit Agreement in any Loan Document will deemed to be a reference to the
Credit Agreement as amended by this Amendment.

 

(b)          The
Borrower and each other Obligor hereby ratifies, approves and confirms in every respect all the terms, provisions, conditions and
obligations of the Credit Agreement as amended hereby and each of the other Loan Documents including without limitation all Mortgages,
Security Agreements, Guaranties, Control Agreements and other Security Documents, to which it is a party.

 

    	-6-

    	 

    

 

Section
9.          Costs and Expenses. As provided in Section 10.3 of
the Credit Agreement, the Borrower agrees to reimburse Administrative Agent for all fees, costs, and expenses, including the
reasonable fees, costs, and expenses of counsel or other advisors for advice, assistance, or other representation, in
connection with this Amendment and any other agreements, documents, instruments, releases, terminations or other collateral
instruments delivered by the Administrative Agent in connection with this Amendment.

 

Section
10.         GOVERNING LAW. THIS AMENDMENT SHALL BE DEEMED A CONTRACT AND
INSTRUMENT MADE UNDER THE LAWS OF THE STATE OF NEW YORK AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH AND GOVERNED
BY THE LAWS OF THE STATE OF NEW YORK AND THE LAWS OF THE UNITED STATES OF AMERICA, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS
OF LAW.

 

Section
11.         Severability. Any provision of this Amendment that is
prohibited or unenforceable in any jurisdiction shall, as to such provision and such jurisdiction, be ineffective to the
extent of such prohibition or unenforceability without invalidating the remaining provisions of this Amendment or affecting
the validity or enforceability of such provision in any other jurisdiction.

 

Section
12.         Counterparts. This Amendment may be executed in any number of
counterparts, all of which taken together shall constitute one and the same instrument, and any party hereto may execute this
Amendment by signing one or more counterparts. Any signature hereto delivered by a party by facsimile or electronic
transmission shall be deemed to be an original signature hereto.

 

Section
13.         No Waiver. Except as expressly set forth in this Amendment,
the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any default of the Borrower or
any other Obligor or any right, power or remedy of the Administrative Agent or the other Secured Parties under any of the
Loan Documents, nor constitute a waiver of (or consent to departure from) any terms, provisions, covenants, warranties or
agreements of any of the Loan Documents. The parties hereto reserve the right to exercise any rights and remedies available
to them in connection with any present or future defaults with respect to the Credit Agreement or any other provision of any
Loan Document.

 

Section
14.         Successors and Assigns. This Amendment shall be binding upon
the Borrower and each other Obligor party hereto and their successors and permitted assigns and shall inure, together with
all rights and remedies of each Secured Party hereunder, to the benefit of each Secured Party and their respective
successors, transferees and assigns.

 

Section
15.         Entire Agreement. THIS AMENDMENT, THE CREDIT AGREEMENT AND
THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT OF THE PARTIES WITH RESPECT TO THE SUBJECT MATTER HEREOF AND MAY NOT
BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.

 

    	-7-

    	 

    

 

THERE ARE NO UNWRITTEN
ORAL AGREEMENTS BETWEEN THE PARTIES.

 

(Signature Pages Follow)

 

    	-8-

    	 

    

 

In Witness Whereof, the
parties hereto have caused this Amendment to be duly executed and delivered by their respective duly authorized officers as of
the date first written above.

 

	 	BORROWER:
	 	 
	 	ENERGY XXI GULF COAST, INC.
	 	 	 
	 	By: 	/s/ Ben Marchive
	 	 	Name:  Ben Marchive
	 	 	Title:  President

 

    	 

    	 

    

 

	 	ADMINISTRATIVE AGENT, ISSUERS AND

 LENDERS:
	 	 	 
	 	THE ROYAL BANK OF SCOTLAND plc, as Administrative Agent, Issuer and Lender
	 	 	 
	 	By: 	/s/ Sanjay Remond
	 	 	Name:  Sanjay Remond
	 	 	Title:  Authorised Signatory

 

    	 

    	 

    

 

	 	UBS AG, STAMFORD BRANCH, as Lender

 and Issuer
	 	 	 
	 	By: 	/s/ Lana Gifas
	 	 	Name:  Lana Gifas
	 	 	Title:  Director
	 	 	 
	 	By:	/s/ Jennifer Anderson
	 	 	Name:  Jennifer Anderson
	 	 	Title:  Associate Director

 

    	 

    	 

    

 

	 	WELLS FARGO BANK, N.A., as Issuer and

 Lender
	 	 	 
	 	By: 	/s/ Betsy Jocher
	 	 	Name:  Betsy Jocher
	 	 	Title:  Director

 

    	 

    	 

    

 

	 	CAPITAL ONE, NATIONAL ASSOCIATION,

 as Lender
	 	 	 
	 	By: 	/s/ Mack Lambert
	 	 	Name:  Mack Lambert
	 	 	Title:  Vice President

 

    	 

    	 

    

 

	 	REGIONS BANK, as Lender and
	 	as Swing Line Lender
	 	 	 
	 	By: 	/s/ Kelly L. Elmore III
	 	 	Name:  Kelly L. Elmore III
	 	 	Title:  Senior Vice President

 

    	 

    	 

    

 

	 	THE BANK OF NOVA SCOTIA, as Lender
	 	 	 
	 	By: 	/s/ John Frazell
	 	 	Name:  John Frazell
	 	 	Title:  Director

 

    	 

    	 

    

 

	 	ING CAPITAL LLC, as Lender
	 	 	 
	 	By: 	/s/ Josh Strong
	 	 	Name:  Josh Strong
	 	 	Title:  Director
	 	 	 
	 	By:	/s/ Michael Price
	 	 	Name:  Michael Price
	 	 	Title:  Managing Director

 

    	 

    	 

    

 

	 	NATIXIS, NEW YORK BRANCH,
	 	as Lender
	 	 	 
	 	By: 	/s/ Stuart Murray
	 	 	Name:  Stuart Murray
	 	 	Title:  Managing Director
	 	 	 
	 	By:	/s/ Mary Lou Allen
	 	 	Name:  Mary Lou Allen
	 	 	Title:  Director

 

    	 

    	 

    

 

	 	TORONTO DOMINION (TEXAS) LLC, as

 Lender
	 	 	 
	 	By: 	/s/ Masood Fikree
	 	 	Name:  Masood Fikree
	 	 	Title:  Authorized Signatory

 

    	 

    	 

    

 

	 	BARCLAYS BANK PLC, as Lender
	 	 	 
	 	By: 	/s/ Vanessa A. Kurbatskiy
	 	 	Name:  Vanessa A. Kurbatskiy
	 	 	Title:  Vice President

 

    	 

    	 

    

 

	 	CITIBANK, N.A., as Lender
	 	 	 
	 	By: 	/s/ Peter Kardos
	 	 	Name:  Peter Kardos
	 	 	Title:  Vice President

 

    	 

    	 

    

 

	 	CREDIT SUISSE AG, CAYMAN ISLANDS

 BRANCH, as Lender
	 	 	 
	 	By: 	/s/ Michael Spaight
	 	 	Name:  Michael Spaight
	 	 	Title:  Authorized Signatory
	 	 	 
	 	By:	/s/ Samuel Miller
	 	 	Name:  Samuel Miller
	 	 	Title:  Authorized Signatory

 

    	 

    	 

    

 

	 	COMERICA BANK, as Lender
	 	 	 
	 	By:	/s/ Jeff Treadway
	 	 	Name:  Jeff Treadway
	 	 	Title:  Vice President

 

    	 

    	 

    

 

	 	COMMONWEALTH BANK OF

 AUSTRALIA, as Lender
	 	 	 
	 	By: 	/s/ Damien Podagiel
	 	 	Name:  Damien Podagiel
	 	 	Title:  Senior Associate

 

    	 

    	 

    

 

	 	DEUTSCHE BANK AG, NEW YORK

 BRANCH, as Lender
	 	 	 
	 	By: 	/s/ Michael Getz
	 	 	Name:  Michael Getz
	 	 	Title:  Vice President
	 	 	 
	 	By:	/s/ Dusan Lazarov
	 	 	Name:  Dusan Lazarov
	 	 	Title:  Director

 

    	 

    	 

    

 

	 	WHITNEY BANK, as Lender
	 	 	 
	 	By: 	/s/ David E. Sisler
	 	 	Name:  David E. Sisler
	 	 	Title:  Senior Vice President

 

    	 

    	 

    

 

	 	ABN AMRO CAPITAL USA LLC, as Lender
	 	 	 
	 	By: 	/s/ David Montgomergy
	 	 	Name:  David Montgomery
	 	 	Title:  Executive Director
	 	 	 
	 	By:	/s/ Darrell Holley
	 	 	Name:  Darrell Holley
	 	 	Title:  Managing Director

 

    	 

    	 

    

 

	 	AMEGY BANK NATIONAL ASSOCIATION,

 as Lender
	 	 	 
	 	By: 	/s/ Charles W. Patterson
	 	 	Name:  Charles W. Patterson
	 	 	Title:  Senior Vice President

 

    	 

    	 

    

 

	 	FIFTH THIRD BANK, as Lender
	 	 	 
	 	By: 	/s/ Richard C. Butler
	 	 	Name:  Richard C. Butler
	 	 	Title:  Senior Vice President

 

    	 

    	 

    

 

	 	IBERIABANK, as Lender
	 	 	 
	 	By: 	/s/ Cameron D. Jones
	 	 	Name: Cameron D. Jones
	 	 	Title:  Senior Vice President

 

    	 

    	 

    

 

	 	KEYBANK NATIONAL ASSOCIATION, as

 Lender
	 	 	 
	 	By: 	/s/ John Dravenstott
	 	 	Name:  Paul J. Pace
	 	 	Title:  Vice President

 

    	 

    	 

    

 

	 	SANTANDER BANK, N.A., as Lender
	 	f/k/a Sovereign Bank, N.A.
	 	 	 
	 	By: 	/s/ Gilbert Torres
	 	 	Name:  Gilbert Torres
	 	 	Title:  Senior Vice President
	 	 	 
	 	By:	/s/ George Louis McKinley
	 	 	Name:  George Louis McKinley
	 	 	Title:  Vice President

 

    	 

    	 

    

 

	 	SUMITOMO MITSUI BANKING

 CORPORATION, as Lender
	 	 	 
	 	By: 	/s/ Shuji Yabe
	 	 	Name:  Shuji Yabe
	 	 	Title:  Managing Director

 

    	 

    	 

    

 

	 	ACKNOWLEDGED AND AGREED AS OF

 THE DATE FIRST ABOVE WRITTEN:
	 	 
	 	ENERGY XXI GOM, LLC
	 	 	 
	 	By: 	/s/ Ben Marchive
	 	 	Name:  Ben Marchive
	 	 	Title:  President
	 	 	 
	 	ENERGY XXI TEXAS ONSHORE, LLC
	 	 	 
	 	By:	/s/ Ben Marchive
	 	 	Name:  Ben Marchive
	 	 	Title:  President
	 	 	 
	 	ENERGY XXI ONSHORE, LLC
	 	 	 
	 	By:	/s/ Ben Marchive
	 	 	Name:  Ben Marchive
	 	 	Title:  President
	 	 	 
	 	ENERGY XXI PIPELINE, LLC
	 	 	 
	 	By:	/s/ Ben Marchive
	 	 	Name:  Ben Marchive
	 	 	Title:  President
	 	 	 
	 	ENERGY XXI LEASEHOLD, LLC
	 	 	 
	 	By:	/s/ Ben Marchive
	 	 	Name:  Ben Marchive
	 	 	Title:  President

 

    	 

    	 

    

 

	 	ENERGY XXI PIPELINE II, LLC
	 	 	 
	 	By: 	/s/ Ben Marchive
	 	 	Name:  Ben Marchive
	 	 	Title:  President
	 	 	 
	 	MS ONSHORE, LLC
	 	 	 
	 	By:	/s/ Ben Marchive
	 	 	Name:  Ben Marchive
	 	 	Title:  President
	 	 	 
	 	ACKNOWLEDGED AND AGREED AS OF THE DATE FIRST ABOVE WRITTEN IN ITS CAPACITY AS GUARANTOR UNDER ITS LIMITED RECOURSE GUARANTY AND GRANTOR UNDER ITS PLEDGE AGREEMENT AND IRREVOCABLE PROXY DELIVERED IN CONNECTION WITH THE CREDIT AGREEMENT:
	 	 	 
	 	ENERGY XXI U.S.A., INC
	 	 	 
	 	By:	/s/ Ben Marchive
	 	 	Name:  Ben Marchive
	 	 	Title:  President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}]]