Document:

Exhibit
10.1

 

FORM
OF REGISTRATION RIGHTS AND LOCK-UP AGREEMENT

 

THIS
REGISTRATION RIGHTS AND LOCK-UP AGREEMENT (this “Agreement”), dated as of _________ ___, 2020, is made and
entered into by and among Orgenesis Inc., a Nevada corporation (the “Company”), and the other parties listed
under the heading “Holders” on the signature pages hereto (each such other party, together with any Person (as defined
below) who hereafter becomes a party to this Agreement pursuant to Section 6.2 of this Agreement, a “Holder”
and collectively the “Holders”).

 

WHEREAS,
the Holders are or will be, as applicable (i) acquiring shares of the Company’s common stock, par value $0.0001 per share
(the “Common Stock”) (the “Merger Shares”) in exchange for their outstanding shares of capital
stock of Koligo Therapeutics Inc., a Kentucky corporation (“Koligo”), on or about the date hereof, pursuant
to that certain Agreement and Plan of Merger and Reorganization (the “Merger Agreement”), dated as of September
__, 2020, by and among the Company, Orgenesis Merger Sub, Inc., Koligo, the Holders, and the other shareholders of Koligo party
thereto, or (ii) receiving shares of Common Stock (the “Broker Shares”) in satisfaction of a fee payable by
Koligo pursuant to that certain Finder’s Fee and Indemnity Agreement (the “Maxim Agreement”), dated as
of July 3, 2020, by and between Koligo and Maxim Group LLP; and

 

WHEREAS,
in connection with the consummation of the transactions contemplated by the Merger Agreement and the Maxim Agreement and pursuant
to the terms thereof, the parties hereto desire to enter into this Agreement in order to grant certain registration rights to
the Holders as set forth herein.

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree
as follows:

 

1.
DEFINITIONS.
The following capitalized terms used herein have the following meanings:

 

“Adverse
Disclosure” is defined in Section 3.5.

 

“Agreement”
is defined in the preamble hereto.

 

“beneficially
owned”, “beneficial ownership” and similar phrases have the same meanings as such terms have under
Rule 13d-3 (or any successor rule then in effect) under the Exchange Act. For the avoidance of doubt, each Holder shall be deemed
to beneficially own all of the shares of Common Stock beneficially owned by any of its affiliates.

 

“Block
Trade” means an offering and/or sale of Registrable Securities by any Holder on a block trade or underwritten basis
(whether firm commitment or otherwise) without substantial marketing efforts prior to pricing, including, without limitation,
a same day trade, overnight trade or similar transaction.

 

“Business
Day” means a day other than Saturday, Sunday or other day on which commercial banks in New York, New York are authorized
or required by law to close.

 

    	 

    	 

    

 

“Closing”
means as such term is defined in the Merger Agreement.

 

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

 

“Common
Stock” is defined in the recitals to this Agreement.

 

“Company”
is defined in the preamble to this Agreement.

 

“Demand
Registration” is defined in Section 2.1.1.

 

“Demand
Requesting Holder” is defined in Section 2.1.1.

 

“Demanding
Holder” means Long Hill Capital V, LLC and any successor or permitted assign of Long Hill Capital V, LLC.

 

“Effectiveness
Period” is defined in Section 3.1.3.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated
thereunder, all as the same shall be in effect at the time.

 

“Form
S-3” is defined in Section 3.1.1.

 

“Holder”
is defined in the preamble to this Agreement. A Person shall cease to be a Holder hereunder at such time as it ceases to beneficially
own any Registrable Securities.

 

“Holder
Indemnified Party” is defined in Section 4.1.

 

“Indemnified
Party” is defined in Section 4.3.

 

“Indemnifying
Party” is defined in Section 4.3.

 

“Maxim
Agreement” is defined in the recitals to this Agreement.

 

“Maximum
Number of Shares” is defined in Section 2.1.4.

 

“Merger
Agreement” is defined in the recitals to this Agreement.

 

“Merger
Shares” is defined in the recitals to this Agreement.

 

“Misstatement”
is defined in Section 3.1.14.

 

“Notices”
is defined in Section 7.3.

 

“Person”
means an individual, corporation, partnership, joint venture, limited liability company, governmental authority, unincorporated
organization, trust, association or other entity.

 

“Piggy-Back
Registration” is defined in Section 2.2.1.

 

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“Prospectus”
means the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as amended
by any and all post-effective amendments and including all material incorporated by reference in such prospectus.

 

“Register,”
“Registered” and “Registration”
mean a registration effected by preparing and filing a Registration Statement or similar document in compliance with the requirements
of the Securities Act, and the applicable rules and regulations promulgated thereunder, and such Registration Statement becoming
effective.

 

“Registrable
Securities” means (a) all of the Merger Shares and Broker Shares, and (b) any shares of Common Stock or other
securities issued or issuable upon any stock split, dividend or other distribution, recapitalization, merger, consolidation, reorganization
or similar event with respect to the Merger Shares and Broker Shares; provided that with respect to any particular Registrable
Securities, such securities shall cease to be Registrable Securities upon the earliest to occur of the following: (A) the Commission
has declared a Registration Statement covering such securities effective and such securities have been disposed of pursuant to
such effective Registration Statement, and (B) such securities may be sold without registration pursuant to Rule 144 promulgated
under the Securities Act (but without volume or manner-of-sale restrictions).

 

“Registration
Statement” means any registration statement filed by the Company with the Commission in compliance with the Securities
Act and the rules and regulations promulgated thereunder for a public offering and sale of Company equity securities or Registrable
Securities, including the Prospectus included in such registration statement, amendments (including post-effective amendments)
and supplements to such registration statement, and all exhibits to and all material incorporated by reference in such registration
statement (other than a registration statement on Form S-4 or Form S-8, or their successors).

 

“Restriction
Period” means (a) in relation to 70% of all of the Merger Shares that the Demanding Holder is entitled to receive
under or in connection with the Merger Agreement, the period beginning on the date of the Closing and ending on the date that
is the four month anniversary thereof, and (b) in relation to the remaining 30% of all of the Merger Shares that the Demanding
Holder is entitled to receive under or in connection with the Merger Agreement, the period beginning on the date of the Closing
and ending on the date that is the twelve month anniversary thereof.

 

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

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated
thereunder, all as the same shall be in effect at the time.

 

“Selling
Holders” means any Holder electing to sell any of its Registrable Securities in a Registration.

 

“Underwriter”
means a securities dealer who purchases any Registrable Securities as principal in an underwritten offering and not as part of
such dealer’s market-making activities.

 

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2.
REGISTRATION RIGHTS.

 

2.1
Demand Registration.

 

2.1.1
Request for Registration. At any time and from time to time on or after the date hereof, the Demanding Holder may make
a written demand for Registration under the Securities Act of all or part of the Registrable Securities beneficially owned by
the Demanding Holder (a “Demand Registration”). Any demand for a Demand Registration
shall specify the number of Registrable Securities proposed to be sold and the intended method(s) of distribution thereof. The
Company will within five (5) days of the Company’s receipt of the Demand Registration notify all Holders of Registrable
Securities of the demand, and each Holder of Registrable Securities who wishes to include all or a portion of such Holder’s
Registrable Securities in the Demand Registration (each, a “Demand Requesting Holder”) shall so notify the
Company within five (5) days after the date such notice is given by the Company. Upon any such request, the Company shall file
a Registration Statement with the Commission that includes all Registrable Securities beneficially owned by the Demanding Holder
and the Demand Requesting Holders with respect to which they have requested Registration, within forty-five (45) days after receipt
of the written demand from the Demanding Holder. Thereafter, subject to Section 2.1.4, the Company shall cause such Registration
Statement to be declared effective by the Commission as soon as reasonably practicable, but in no event later than 90 days after
receipt of such Demand Registration (or 120 days after receipt of such Demand Registration if the Registration Statement is reviewed
by the Commission). The Company shall not be obligated to effect more than one (1) Demand Registration under this Section 2.1.1,
subject to the terms of this Agreement.

 

2.1.2
Effective Registration. A Registration will not count as a Demand Registration until the Registration Statement filed with
the Commission with respect to such Demand Registration has been declared effective and the Company has complied with all of its
obligations under this Agreement with respect thereto; provided, however, that (I) if, after the Registration Statement with respect
to such Demand Registration has been declared effective, the offering of Registrable Securities pursuant to such Registration
Statement is interfered with by any stop order or injunction of the Commission or any other governmental agency or court, then
such Registration Statement will be deemed not to have been declared effective, unless and until, (i) such stop order or injunction
is removed, rescinded or otherwise terminated, and (ii) the Demanding Holder who initiated such Demand Registration thereafter
affirmatively elects to continue the offering and notifies the Company in writing, and (II) if the Maximum
Number of Shares is reduced in accordance with Section 2.1.4 such that less than 50% of the Registrable Securities of the
Demanding Holder requested to be included in such registration are included, then, unless the Demanding Holder notifies the Company
otherwise, such Registration Statement will be deemed not to have been declared effective.

 

2.1.3
Underwritten Offering. If the Demanding Holder so advises the Company as part of their written demand for a Demand Registration,
the offering of such Registrable Securities pursuant to such Demand Registration shall be in the form of an underwritten offering
(which, for the avoidance of doubt, may be an underwritten Block Trade). In such event, the right of any Holder to include its
Registrable Securities in such Registration shall be conditioned upon such Holder’s participation in such underwriting and
the inclusion of such holder’s Registrable Securities in the underwriting to the extent provided herein. The Demanding Holder
and the Demand Requesting Holders proposing to distribute their securities through such underwriting shall, as a condition to
participating in the Demand Registration, enter into an underwriting agreement in reasonable and customary form with the Underwriter
or Underwriters selected for such underwriting by the Demanding Holder.

 

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2.1.4
Reduction of Offering. The Company shall not include in any Demand Registration any securities which are not Registrable
Securities without the prior written consent of the Demanding Holder, which consent shall not be unreasonably withheld or delayed.
If the Demanding Holder has requested that the Demand Registration be in the form of an underwritten offering, and the managing
Underwriter or Underwriters of the Demand Registration advises the Company, the Demanding Holder and the Demand Requesting Holders
in writing that, in its reasonable and good faith opinion, the dollar amount or number of shares of Registrable Securities which
the Demanding Holder and Demand Requesting Holders (if any) desire to sell, taken together with all other shares of Common Stock
or other securities which the Company desires to sell in such underwritten offering and the shares of Common Stock, if any, as
to which Registration has been requested pursuant to written contractual piggy-back registration rights held by other stockholders
of the Company who desire to sell in such underwritten offering, exceeds the maximum dollar amount or maximum number of shares
that can be sold in such offering without adversely affecting the proposed offering price, the timing, the distribution method,
or the probability of success of such offering (such maximum dollar amount or maximum number of shares, as applicable, the “Maximum
Number of Shares”), then the Company shall include in such Registration: (i) the Registrable Securities as to which
Demand Registration has been requested by the Demanding Holder that can be sold without exceeding the Maximum Number of Shares;
(ii) to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (i), the Registrable Securities
as to which Demand Registration has been requested by the Demand Requesting Holders (if any) (allocated pro rata in accordance
with the number of shares that each such Demand Requesting Holders (if any) has requested be included in such Registration, regardless
of the number of shares beneficially owned by each such Demand Requesting Holders) that can be sold without exceeding the Maximum
Number of Shares; (iii) to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (i) and
(ii), the shares of Common Stock or other securities that the Company desires to sell that can be sold without exceeding the Maximum
Number of Shares; and (iv) to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (i),
(ii) and (iii), the shares of Common Stock or other securities for the account of other persons that the Company is obligated
to Register pursuant to written contractual arrangements with such persons and that can be sold without exceeding the Maximum
Number of Shares.

 

2.1.5
Withdrawal. A Demanding Holder or a Demand Requesting Holder may elect to withdraw all or a portion of its Registrable
Securities included in a Demand Registration for any reason or no reason at all by giving written notice to the Company and/or
the Underwriter or Underwriters of their request to withdraw prior to the effectiveness of the Registration Statement filed with
the Commission with respect to such Demand Registration. If the Demanding Holder withdraws from a proposed offering relating to
a Demand Registration, then such Registration shall not count as a Demand Registration provided for in this Section 2.1.

 

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2.2
Piggy-Back Registration.

 

2.2.1
Piggy-Back Rights. Whenever the Company proposes to file a Registration Statement under the Securities Act with respect
to an offering of equity securities, or securities or other obligations exercisable or exchangeable for, or convertible into,
equity securities, by the Company for its own account or for stockholders of the Company for their account (other than a Demand
Registration pursuant to Section 2.1) (other than a Registration Statement (i) filed in connection with any employee stock option
or other benefit plan, (ii) for an exchange offer or offering of securities solely to the Company’s existing stockholders,
(iii) for an offering of debt that is not convertible into equity securities of the Company, or (iv) for a dividend reinvestment
plan), then the Company shall (x) give written notice of such proposed filing to the Holders as soon as practicable but in no
event less than ten (10) days (or in the case of a Block Trade, five (5) Business Days) before the anticipated filing date, which
notice shall describe the amount and type of securities to be included in such offering, the intended method(s) of distribution,
and the name of the proposed managing Underwriter or Underwriters, if any, of the offering, and (y) offer to the Holders in such
notice the opportunity to Register the sale of such number of shares of Registrable Securities as such holders may request in
writing within five (5) Business Days following receipt of such notice (a “Piggy-Back
Registration”). The Company shall, subject to Section 2.2.2, cause such request Registrable Securities to be included
in such Registration and shall use its reasonable best efforts to cause the managing Underwriter or Underwriters of a proposed
Piggy-Back Registration that is an underwritten offering to permit the Registrable Securities requested to be included in a Piggy-Back
Registration on the same terms and conditions as any similar securities of the Company and to permit the sale or other disposition
of such Registrable Securities in accordance with the intended method(s) of distribution thereof. All Holders proposing to distribute
their securities through a Piggy-Back Registration that involves an Underwriter or Underwriters shall, as a condition to participating
in such Piggy-Back Registration, enter into an underwriting agreement in reasonable and customary form with the Underwriter or
Underwriters selected for such Piggy-Back Registration. A Piggy-back Registration shall not be considered a Demand Registration
for purposes of Section 2.1.

 

2.2.2
Reduction of Offering. If the managing Underwriter or Underwriters for a Piggy-Back Registration that is to be an underwritten
offering advises the Company and the Holders in writing that the dollar amount or number of shares of Common Stock which the Company
desires to sell, taken together with shares of Common Stock, if any, as to which Registration has been demanded pursuant to separate
written contractual arrangements with persons or entities other than the Holders, the Registrable Securities as to which Registration
has been requested under this Section 2.2, and the shares of Common Stock, if any, as to which Registration has been requested
pursuant to the written contractual piggy-back registration rights of other stockholders of the Company, exceeds the Maximum Number
of Shares, then the Company shall include in any such Registration:

 

(a)       If
the Registration is undertaken for the Company’s account: (A) the shares of Common Stock or other securities that the Company
desires to sell for its own account that can be sold without exceeding the Maximum Number of Shares; (B) to the extent that the
Maximum Number of Shares has not been reached under the foregoing clause (A), the shares of Common Stock or other securities,
if any, as to which Registration has been requested pursuant to the applicable written contractual Piggy-Back Registration rights
of Holders pursuant to Section 2.2.1 (allocated pro rata in accordance with the number of shares that each such Holder has requested
be included in such Registration, regardless of the number of shares beneficially owned by each such Holder), that can be sold
without exceeding the Maximum Number of Shares; and (C) to the extent that the Maximum Number of Shares has not been reached under
the foregoing clauses (A) and (B), the shares of Common Stock or other securities for the account of other persons that the Company
is obligated to Register pursuant to written contractual piggy-back registration rights with such persons and that can be sold
without exceeding the Maximum Number of Shares; and

 

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(b)       If
the Registration is a “demand” registration undertaken at the demand of persons or entities other than the Holders,
(A) the shares of Common Stock or other securities for the account of the demanding persons that can be sold without exceeding
the Maximum Number of Shares; (B) to the extent that the Maximum Number of Shares has not been reached under the foregoing clause
(A), the Registrable Securities as to which Registration has been requested by Holders pursuant to Section 2.2.1 (allocated pro
rata in accordance with the number of shares that each such Holder has requested be included in such Registration, regardless
of the number of shares beneficially owned by each such Holder), that can be sold without exceeding the Maximum Number of Shares;
(C) to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (A) and (B), the shares of
Common Stock or other securities that the Company desires to sell for its own account that can be sold without exceeding the Maximum
Number of Shares; (D) to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (A), (B)
and (C), the shares of Common Stock or other securities for the account of other persons that the Company is obligated to Register
pursuant to written contractual arrangements with such persons, that can be sold without exceeding the Maximum Number of Shares.

 

2.2.3
Withdrawal. Any Holder may elect to withdraw such Holder’s request for inclusion of Registrable Securities in any
Piggy-Back Registration by giving written notice to the Company of such request to withdraw prior to the effectiveness of the
Registration Statement. The Company (whether on its own good faith determination or as the result of a withdrawal by persons making
a demand pursuant to written contractual obligations) may withdraw a Registration Statement at any time prior to the effectiveness
of the Registration Statement in connection with a Piggy-Back Registration. Notwithstanding any such withdrawal, the Company shall
pay all expenses incurred by the Holders in connection with such Piggy-Back Registration as provided in Section 3.2.

 

2.3
Block Trades. Notwithstanding any other provision of this Section 2, if the Holders desire to effect a Block Trade, then
notwithstanding any other time periods in this Section 2, the Holders may provide written notice to the Company at least five
(5) Business Days prior to the date such Block Trade will commence. As expeditiously as possible, the Company shall use its reasonable
best efforts to facilitate such Block Trade. The Holders shall use reasonable best efforts to work with the Company and the Underwriters
(including by disclosing the maximum number of Registrable Securities proposed to be the subject of such Block Trade) in order
to facilitate preparation of the Registration Statement, Prospectus and other offering documentation related to the Block Trade
and any related due diligence and comfort procedures.

 

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3.
REGISTRATION PROCEDURES.

 

3.1
Filings; Information. Whenever the Company is required to effect the Registration of any Registrable Securities pursuant
to Section 2, the Company shall use its best efforts to effect the Registration and sale of such Registrable Securities under
the Securities Act in accordance with the intended method(s) of distribution thereof as expeditiously as practicable, and in connection
therewith:

 

3.1.1
Filing Registration Statement. The Company shall, as expeditiously as possible and in any event within forty-five (45)
days after receipt of a request for a Demand Registration pursuant to Section 2.1, prepare and file with the Commission a Registration
Statement on Form S-3 (“Form S-3”), if the Company is eligible to use Form S-3 for such Registration, or if
the Company is not eligible to use Form S-3 for such Registration, then a Registration Statement on Form S-1 or any other form
for which the Company then qualifies and which counsel for the Company shall deem appropriate, which form shall be available for
the sale of all Registrable Securities to be Registered thereunder in accordance with the intended method(s) of distribution thereof,
and shall cause such Registration Statement to become effective by the date required by Section 2.1 and to remain effective during
the Effectiveness Period.

 

3.1.2
Copies; Participation. The Company shall, at least five (5) Business Days prior to filing a Registration Statement or Prospectus,
or any amendment or supplement thereto, furnish without charge to the Holders of Registrable Securities included in such Registration,
and such holders’ legal counsel, copies of such Registration Statement as proposed to be filed, each amendment and supplement
to such Registration Statement (in each case including all exhibits thereto and documents incorporated by reference therein),
the Prospectus included in such Registration Statement (including each preliminary prospectus), and such other documents as the
Holders of Registrable Securities included in such Registration or legal counsel for any such holders may request in order to
facilitate the disposition of the Registrable Securities beneficially owned by such Holders. The Company shall permit a representative
of any Holder of Registrable Securities included in such Registration and any attorney or accountant retained by such Holder to
participate, at such Holder’s sole cost and expense, in the preparation of any Registration Statement, each Prospectus included
therein or filed with the Commission, and each amendment or supplement thereto, and will give each such person or entity access
to its books and records and such opportunities to discuss the business, finances and accounts of the Company with the Company’s
officers, directors and independent public accountants who have certified the Company’s financial statements as shall be
necessary, in the opinion of such Holders’ respective counsel, to conduct a reasonable investigation within the meaning
of the Securities Act. The Company shall not file any Registration Statement or Prospectus, or amendment or supplement thereto,
to which a Holder of Registrable Securities included in such Registration shall have reasonably objected on the grounds that any
portion(s) of such Registration Statement or Prospectus or supplement or amendment thereto does not comply in all material respects
with the applicable requirements of the Securities Act or the rules and regulations thereunder.

 

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3.1.3
Effectiveness Period; Amendments and Supplements. Once the Registration Statement in relation to a Demand Registration
has been declared effective by the Commission, the Company shall cause such Registration Statement to remain continuously effective
and current (subject to the Company’s ability to exercise any time after the date that is six months after the date hereof,
one time only, the right to suspend the effectiveness of the Registration Statement for up to forty-five (45) days (the “Suspension
Right”) provided that the Company furnishes to the Holders a certificate signed by the Chairman of the Board of Directors
or President of the Company stating that Adverse Disclosure would be required to be set forth in such Registration Statement and
the duration of such deferral; provided, further, however, that the Company shall not have the right to exercise the Suspension
Right more than once during any 365 day period) for a period of three years from the date of its initial effectiveness (the “Effectiveness
Period”), unless prior to the end of such three-year period, (A) all Registrable Securities that are the subject of
the Registration Statement have been disposed of pursuant to such effective Registration Statement, or (B) after two years from
the effective date of the Registration Statement, all Registrable Securities that are the subject of the Registration Statement
may be sold without registration pursuant to Rule 144 promulgated under the Securities Act (but without volume or manner-of-sale
restrictions), in which case the Company’s obligation to maintain the effectiveness of the Registration Statement shall
cease. In order to maintain the effectiveness of the Registration Statement, the Company shall prepare and file with the Commission
such amendments, including post-effective amendments, and supplements to such Registration Statement and the Prospectus used in
connection therewith, as may be necessary to keep such Registration Statement effective, current and in compliance with the provisions
of the Securities Act.

 

3.1.4
Notification. After the filing of a Registration Statement, the Company shall promptly, and in no event more than two (2)
Business Days after such filing, notify the Holders of Registrable Securities included in such Registration Statement of such
filing, and shall further notify such holders promptly and confirm such advice in writing in all events within two (2) Business
Days of the occurrence of any of the following: (i) when such Registration Statement becomes effective; (ii) when any post-effective
amendment to such Registration Statement becomes effective; (iii) the issuance or threatened issuance by the Commission of any
stop order (and the Company shall take all actions required to prevent the entry of such stop order or to remove it if entered);
and (iv) any request by the Commission for any amendment or supplement to such Registration Statement or any Prospectus relating
thereto or for additional information or of the occurrence of an event requiring the preparation of a supplement or amendment
to such prospectus so that, as thereafter delivered to the purchasers of the securities covered by such Registration Statement,
such prospectus will 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, and promptly make available to the Holders of Registrable
Securities included in such Registration Statement any such supplement or amendment; except that before filing with the Commission
a Registration Statement or prospectus or any amendment or supplement thereto, including documents incorporated by reference,
the Company shall furnish to the Holders of Registrable Securities included in such Registration Statement and to the legal counsel
for any such holders, copies of all such documents proposed to be filed sufficiently in advance of filing to provide such holders
and legal counsel with a reasonable opportunity to review such documents and comment thereon, and the Company shall not file any
Registration Statement or prospectus or amendment or supplement thereto, including documents incorporated by reference, to which
such holders or their legal counsel shall reasonably object.

 

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3.1.5
Securities Laws Compliance. The Company shall use its reasonable best efforts to (i) Register or qualify the Registrable
Securities covered by the Registration Statement under such securities or “blue sky” laws of such jurisdictions in
the United States as the Holders of Registrable Securities included in such Registration Statement (in light of their intended
plan of distribution) may request and to keep such registration or qualification in effect for so long as such Registration Statement
remains in effect, (ii) take such action necessary to cause such Registrable Securities covered by the Registration Statement
to be Registered and listed with or approved by such other governmental authorities or securities exchanges, including the Nasdaq
Capital Market, as may be necessary by virtue of the business and operations of the Company and to assure that such Registrable
Securities shall be freely tradeable on the same securities exchanges as the Common Stock in general, and (iii) do any and all
other acts and things that may be necessary or advisable to enable the Holders of Registrable Securities included in such Registration
Statement to consummate the disposition of such Registrable Securities in such jurisdictions; provided, however, that the Company
shall not be required to qualify to do business generally in any jurisdiction where it would not otherwise be required to qualify
but for this paragraph or subject itself to general taxation in any such jurisdiction. The Company shall take no direct or indirect
action prohibited by Regulation M under the Exchange Act; provided, that, to the extent that any prohibition is applicable to
the Company, the Company will take all reasonable action to make any such prohibition inapplicable.

 

3.1.6
Agreements for Disposition. The Company shall enter into customary agreements (including, if applicable, an underwriting
agreement in reasonable and customary form) and take such other actions as are reasonably required in order to expedite or facilitate
the disposition of such Registrable Securities. The representations, warranties and covenants of the Company in any underwriting
agreement which are made to or for the benefit of any Underwriters, to the extent applicable, shall also be made to and for the
benefit of the Holders of Registrable Securities included in such Registration Statement, and the representations, warranties
and covenants of the Holders of Registrable Securities included in such Registration Statement in any underwriting agreement which
are made to or for the benefit of any Underwriters, to the extent applicable, shall also be made to and for the benefit of the
Company.

 

3.1.7
Cooperation. The Company shall cause the principal executive officer of the Company, the principal financial officer of
the Company, the principal accounting officer of the Company and all other officers and members of the management of the Company
to cooperate fully in any offering of Registrable Securities hereunder, which cooperation shall include, without limitation, the
preparation of the Registration Statement with respect to such offering and all other offering materials and related documents,
and participation in meetings with Underwriters, attorneys, accountants and potential investors.

 

3.1.8
Selection of Underwriters. In connection with any Demand Registration contemplated by Section 2.1.3, the Demanding Holder
shall have the right to select (a) an Underwriter or Underwriters in connection with such Demand Registration, which Underwriter
or Underwriters shall be reasonably acceptable to the Company, (b) the plan of distribution, including the price at which the
Registrable Securities are to be sold and the underwriting commissions, discounts and fees, and (c) one firm of counsel to represent
all of the Holders. In connection with any Registration pursuant to this Agreement, the Company shall enter into customary agreements
(including an underwriting agreement in reasonable and customary form) and take such other actions as are reasonably required
in order to expedite or facilitate the disposition of the Registrable Securities in such Registration, including, if necessary,
the engagement of a “qualified independent underwriter” in connection with the qualification of the underwriting arrangements
with the Financial Industry Regulatory Authority, Inc.

 

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3.1.9
Records. The Company shall make available for inspection by the Holders of Registrable Securities included in such Registration
Statement, any Underwriter participating in any disposition pursuant to such Registration Statement and any attorney, accountant
or other professional retained by any holder of Registrable Securities included in such Registration Statement or any Underwriter,
all financial and other records, pertinent corporate documents and properties of the Company, as shall be necessary to enable
them to exercise their due diligence responsibility, and cause the Company’s officers, directors and employees to supply
all information requested by any of them in connection with such Registration Statement.

 

3.1.10
Opinions and Comfort Letters. The Company shall furnish to each holder of Registrable Securities included in any Registration
Statement a signed counterpart, addressed to such holder, of (i) any opinion of counsel to the Company delivered to any Underwriter
and (ii) any comfort letter from the Company’s independent public accountants delivered to any Underwriter. In the event
no legal opinion is delivered to any Underwriter, the Company shall furnish to each holder of Registrable Securities included
in such Registration Statement, at any time that such holder elects to use a prospectus, an opinion of counsel to the Company
to the effect that the Registration Statement containing such prospectus has been declared effective and that no stop order is
in effect.

 

3.1.11
Earnings Statement. The Company shall comply with all applicable rules and regulations of the Commission and the Securities
Act, and make available to its stockholders, as soon as reasonably practicable, an earnings statement covering a period of twelve
(12) months, beginning within three (3) months after the effective date of the Registration Statement, which earnings statement
shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder.

 

3.1.12
Listing. The Company shall cause all Registrable Securities included in any Registration to be listed on such exchanges
or otherwise designated for trading in the same manner as similar classes of securities issued by the Company are then listed
or designated or, if no such similar classes of securities are then listed or designated, in a manner satisfactory to the holders
of a majority of the Registrable Securities included in such Registration.

 

3.1.13
Transfer Agent. The Company shall cause the transfer agent and registrar for the Common Stock to act as the transfer agent
and registrar for all Registrable Securities.

 

    	11

    	 

    

 

3.1.14
Misstatements. The Company shall notify the Holders at any time when a Prospectus relating to a Registration Statement
that includes Registrable Securities is required to be delivered under the Securities Act, of the happening of any event as a
result of which the Prospectus included in such Registration Statement, as then in effect, includes an untrue statement of a material
fact or an omission to state a material fact required to be stated in a Registration Statement or Prospectus, or necessary to
make the statements therein in the light of the circumstances under which they were made not misleading (a “Misstatement”),
and the Company shall promptly prepare a supplement or amendment to such Prospectus, file such supplement or amendment with the
Commission, and deliver the supplemented or amended Prospectus to the Holders, so that, as delivered to the Holders of such Registrable
Securities, such Prospectus shall not contain such Misstatement.

 

3.2
Registration Expenses. The Company shall bear all costs and expenses incurred in connection with any Registration Statement
or Prospectus required to be filed pursuant to this Agreement, and any amendment or supplement relating thereto, and all expenses
incurred in performing or complying with its other obligations under this Agreement, whether or not the Registration Statement
becomes effective, including, without limitation: (i) all Registration and filing fees (including Commission filing fees) and
fees of any securities exchange on which the Common Stock is then listed; (ii) fees and expenses of compliance with securities
or “blue sky” laws (including fees and disbursements of counsel in connection with blue sky qualifications of the
Registrable Securities); (iii) printing, messenger, telephone and delivery expenses; (iv) the Company’s internal expenses
(including, without limitation, all salaries and expenses of its officers and employees); (v) the fees and expenses incurred in
connection with the listing of the Registrable Securities as required by Section 3.1.12; (vi) Financial Industry Regulatory Authority
fees; (vii) fees and disbursements of counsel for the Company (which counsel shall also act as counsel to the Holders, at the
request of the Demanding Holder) and fees and expenses for independent certified public accountants retained by the Company (including
the expenses or costs associated with the delivery of any opinions or comfort letters requested pursuant to Section 3.1.10); (viii)
the fees and expenses of any special experts retained by the Company in connection with such Registration; (ix) fees of the Company’s
transfer agent to in connection with the transfer of the Registrable Securities; and (x) fees associated with the issuance of
a “blanket” legal opinion to the Company’s transfer agent, if required by the transfer agent to remove the legend
from the Registrable Securities once the Demand Registration has been declared effective by the Commission. In addition, the Company
shall be responsible for all of its internal expenses incurred in connection with the consummation of the transactions contemplated
by this Agreement (including, without limitation, all salaries and expenses of its officers and employees performing legal or
accounting duties) and the expense of any annual audits. The Company shall have no obligation to pay any underwriting discounts
or selling commissions attributable to the Registrable Securities being sold by the holders thereof, which underwriting discounts
or selling commissions shall be borne by such holders. Additionally, in an underwritten offering, all selling stockholders and
the Company shall bear the expenses of the underwriter pro rata in proportion to the respective amount of shares each is selling
in such offering.

 

3.3
Information. The Holders of Registrable Securities shall use their respective reasonable best efforts to provide such information
as may reasonably be requested by the Company, or the managing Underwriter, if any, in connection with the preparation of any
Registration Statement, including amendments and supplements thereto, in order to effect the Registration of any Registrable Securities
under the Securities Act pursuant to Section 2 and in connection with the Company’s obligation to comply with federal and
applicable state securities laws.

 

    	12

    	 

    

 

3.4
Requirements for Participation in Underwritten Offerings. No person may participate in any underwritten offering for equity
securities of the Company pursuant to a Registration initiated by the Company hereunder unless such person (i) agrees to sell
such person’s securities on the basis provided in any underwriting arrangements approved by the Company and (ii) completes
and executes all customary questionnaires, indemnities, lock-up agreements, underwriting agreements and other customary documents
as may be reasonably required under the terms of such underwriting arrangements.

 

3.5
Suspension of Sales; Adverse Disclosure. If the Company becomes aware that a Registration Statement or Prospectus with
respect to the Registrable Securities contains a Misstatement or upon the happening of any event of the kind described in Section
3.1.4(iv), the Company shall promptly notify the Holders of such Misstatement or event, and each of the Holders shall forthwith
discontinue disposition of Registrable Securities until the Company has provided it with copies of a supplemented or amended Prospectus
correcting the Misstatement (it being understood that the Company hereby covenants to prepare and file such supplement or amendment
as soon as practicable after the time of such notice), or until it is advised in writing by the Company that the use of the Prospectus
may be resumed. If, at any time after the date that is six months after the date hereof, the continued use of a Registration Statement
in respect of any Registration at any time would require the Company to make an Adverse Disclosure (as defined below) or would
require the inclusion in such Registration Statement of financial statements that are unavailable to the Company for reasons beyond
the Company’s control, the Company may, upon giving prompt written notice of such action to the Holders, exercise its one-time
Suspension Right to suspend use of such Registration Statement for the shortest period of time, but in no event more than forty-five
(45) days, determined in good faith by the Company to be necessary for such purpose. In the event the Company exercises its Suspension
Right, the Holders agree to suspend, as promptly as practicable after their receipt of the notice referred to above, their use
of the Prospectus relating to any Registration in connection with any sale or offer to sell Registrable Securities. The Company
shall immediately notify the Holders of the expiration of the Suspension Right. “Adverse Disclosure” shall mean any
public disclosure of material non-public information, which disclosure, in the good faith judgment of the board of directors of
the Company, after consultation with counsel to the Company, (i) would be required to be made in any Registration Statement or
Prospectus in order for the applicable Registration Statement or Prospectus not to contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements contained therein (in the case of any Prospectus and any
preliminary Prospectus, in the light of the circumstances under which they were made) not misleading, (ii) would not be required
to be made at such time if the Registration Statement were not being filed, and (iii) the Company has a bona fide business purpose
for not making such information public.

 

3.6
Removal of Restricted Legend. As to any Registrable Securities, promptly following the Commission having declared effective
any Registration Statement that includes the Registrable Securities, the Company shall take all steps necessary, including, as
applicable, causing its legal counsel to prepare and issue a “blanket” legal opinion to the Company’s transfer
agent with respect to the effective Registration Statement, to effect the removal of any legend or stop transfer instructions
associated with the Registrable Securities that were included in such Registration Statement.

 

    	13

    	 

    

 

 3.7
 Other Covenants and Obligations. As long as any Holder
shall own Registrable Securities: (a) the Company will not file any Registration Statement or Prospectus included therein or any
other filing or document with the Commission which refers to any Holder of Registrable Securities as a selling securityholder
by name or otherwise without the prior written approval of such Holder; (b) the Company, at all times while it shall be reporting
under the Exchange Act, covenants to file timely (or obtain extensions in respect thereof and file within the applicable grace
period) all reports required to be filed by the Company after the date hereof pursuant to Sections 13(a) or 15(d) of the Exchange
Act; (c) the Company further covenants that it shall take such further action as any holder may reasonably request, all to the
extent required from time to time to enable such Holder to sell shares of the Common Stock beneficially owned by such Holder without
Registration under the Securities Act within the limitation of the exemptions provided by Rule 144 promulgated under the Securities
Act, including providing any legal opinions based on a Holder’s sale, or present intention to sell, some or all of its Registrable
Securities; and (d) upon the request of any Holder, the Company shall deliver to such Holder a written certification of a duly
authorized officer as to whether it has complied with the requirements set forth in the foregoing clauses (b) and (c).

 

4.
INDEMNIFICATION AND CONTRIBUTION.

 

4.1
Indemnification by the Company. The Company agrees to indemnify and hold harmless each Holder of Registrable Securities,
and each of their respective officers, employees, affiliates, directors, partners, members, equityholders, attorneys, advisors
and agents, and each person or entity, if any, who controls (within the meaning of Section 15 of the Securities Act or Section
20 of the Exchange Act) each Holder of Registrable Securities (each, an “Holder Indemnified
Party”), from and against any expenses, losses, judgments, actions, claims, proceedings (whether commenced or threatened),
damages or liabilities, whether joint or several (collectively, “Losses”), arising out of or based upon (i)
any Misstatement contained in any Registration Statement related to such Registrable Securities filed under the Securities Act,
any preliminary Prospectus, final Prospectus or summary Prospectus contained in such Registration Statement, or any amendment
or supplement to such Registration Statement, preliminary Prospectus, final Prospectus or summary Prospectus, or (ii) any violation
or alleged violation by the Company of the Securities Act, the Exchange Act, “blue sky” laws, or any rule or regulation
promulgated thereunder and relating to action or inaction required of the Company in connection with any such Registration ((i)
and (ii) are collectively referred to as “Claims”); and the Company shall, upon notice from any Holder Indemnified
Party, promptly defend the Holder Indemnified Party against any Claims with legal counsel reasonably acceptable to such Holder
Indemnified Party and shall promptly investigate and defend the Holder Indemnified Party against any such Losses, except, with
respect to any Holder of Registrable Securities, solely to the extent such Holder of Registrable Securities is liable to indemnify
the Company for such Losses pursuant to Section 4.2. The Company also shall indemnify any Underwriter of the Registrable Securities,
their officers, affiliates, directors, partners, members and agents and each person who controls such Underwriter on substantially
the same basis as that of the indemnification provided above in this Section 4.1.

 

    	14

    	 

    

 

4.2
Indemnification by Holders of Registrable Securities. Each Selling Holder of Registrable Securities will, in the event
that any Registration is being effected under the Securities Act pursuant to this Agreement of any Registrable Securities beneficially
owned by such Selling Holder and the Company has required all Selling Holders to provide such an undertaking on the same terms,
indemnify and hold harmless the Company, each of its directors and officers and each underwriter (if any), and each other Selling
Holder and each other person, if any, who controls another Selling Holder or such underwriter within the meaning of the Securities
Act, against any Losses, insofar as such Losses arise out of or are based upon any Misstatement contained in any Registration
Statement under which the sale of such Registrable Securities was Registered under the Securities Act, any preliminary Prospectus,
final Prospectus or summary Prospectus contained in the Registration Statement, or any amendment or supplement thereto, solely
if the Misstatement was made in reliance upon and in conformity with information furnished in writing to the Company by such Selling
Holder expressly for use therein, and shall defend the Company, its directors and officers, and each other Selling Holder against
any such claims with legal counsel reasonably acceptable to the Company and shall promptly investigate and defend the Company
against any such Losses. Each Selling Holder’s indemnification obligations hereunder shall be several and not joint and
shall be proportional to and limited to the amount of any net proceeds actually received by such Selling Holder in connection
with the sale of Registrable Securities under a Registration Statement from which such Losses arise. Each Selling Holder of Registrable
Securities shall indemnify any Underwriter of the Registrable Securities, their officers, affiliates, directors, partners, members
and agents and each person who controls such Underwriter to the same extent as provided in the foregoing with respect to indemnification
of the Company.

 

4.3
Conduct of Indemnification Proceedings. Promptly after receipt by any person of any notice of any Loss in respect of which
indemnity may be sought pursuant to Section 4.1 or 4.2, such person (the “Indemnified
Party”) shall, if a claim in respect thereof is to be made against any other person for indemnification hereunder,
notify such other person (the “Indemnifying Party”) in writing of the Loss;
provided, however, that the failure by the Indemnified Party to notify the Indemnifying Party shall not relieve the Indemnifying
Party from any liability which the Indemnifying Party may have to such Indemnified Party hereunder, except and solely to the extent
the Indemnifying Party is materially prejudiced by such failure. If the Indemnified Party is seeking indemnification with respect
to any claim or action brought against the Indemnified Party, then the Indemnifying Party shall defend the Indemnified Party in
such claim or action, and control the defense thereof with counsel reasonably satisfactory to the Indemnified Party. After notice
from the Indemnifying Party to the Indemnified Party of its intention to assume control of the defense of such claim or action,
the Indemnifying Party shall not be liable to the Indemnified Party for any legal or other expenses subsequently incurred by the
Indemnified Party in connection with the defense thereof other than any reasonable costs of investigation incurred prior to such
time; provided, however, that in any action in which both the Indemnified Party and the Indemnifying Party are named as defendants,
the Indemnified Party shall have the right to employ separate counsel (but no more than one such separate counsel, in addition
to local counsel) to represent the Indemnified Party and its controlling persons who may be subject to liability arising out of
any claim in respect of which indemnity may be sought by the Indemnified Party against the Indemnifying Party, with the fees and
expenses of such counsel to be paid by such Indemnifying Party if, based upon the written opinion of counsel of such Indemnified
Party, representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests
between them. If the Indemnifying Party, after notice, refuses to defend the Indemnified Party, the Indemnified Party may retain
legal counsel and mount its own defense against the claims, and the Indemnifying Party shall be liable for all such legal fees
and costs. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, consent to entry of judgment
or effect any settlement of any claim or pending or threatened proceeding in respect of any Losses for which the Indemnified Party
seeks indemnification hereunder if such settlement or judgment includes any non-monetary remedies, requires an admission of fault
or culpability on the part of the Indemnified Party or does not include an unconditional release from all liability of the Indemnified
Party in respect of such Losses.

 

    	15

    	 

    

 

4.4
Contribution.

 

4.4.1
If the indemnification provided for in the foregoing Sections 4.1, 4.2 and 4.3 is unavailable to any Indemnified Party in respect
of any Loss referred to herein, then each such Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute
to the amount paid or payable by such Indemnified Party as a result of such Loss in such proportion as is appropriate to reflect
the relative fault of the Indemnified Parties and the Indemnifying Parties in connection with the actions or omissions which resulted
in such Loss. The relative fault of any Indemnified Party and any Indemnifying Party shall be determined by reference to, among
other things, whether the Misstatement relates to information supplied by such Indemnified Party or such Indemnifying Party (in
the case of a Holder, such Misstatement was made in reliance upon and in conformity with information furnished in writing to the
Company by such Holder expressly for use therein) and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent such Misstatement.

 

4.4.2
The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 4.4 were determined
by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred
to in the immediately preceding Section 4.4.1. The amount paid or payable by an Indemnified Party as a result of any Loss referred
to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or
other expenses incurred by such Indemnified Party in connection with investigating or defending any such action or claim. Notwithstanding
the provisions of this Section 4.4, no Holder of Registrable Securities shall be required to contribute any amount in excess of
the dollar amount of the net proceeds (after payment of any underwriting fees, discounts, commissions or taxes) actually received
by such Holder from the sale of Registrable Securities which gave rise to such contribution obligation. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person
who was not guilty of such fraudulent misrepresentation.

 

4.5
Survival. The indemnification provided for under this Agreement shall remain in full force and effect regardless of any
investigation made by or on behalf of the Indemnified Party or any officer, director or controlling person of such Indemnified
Party and shall survive the transfer of the Registrable Securities.

 

    	16

    	 

    

 

5.
RULE 144.
The Company shall timely file any reports required to be filed by it under the Securities Act and the Exchange Act and shall take
such further action as may be required or as the Holders of Registrable Securities may reasonably request, all to the extent required
from time to time to enable such Holders to sell Registrable Securities without Registration under the Securities Act within the
limitation of the exemptions provided by Rule 144 under the Securities Act, as such rules may be amended from time to time, or
any similar rule or regulation hereafter adopted by the Commission. Upon the written request of any Holder in connection with
that Holder’s sale pursuant to Rule 144, the Company shall promptly deliver to such Holder a written statement as to whether
it has complied with such requirements and shall provide a legal opinion to the Company’s transfer agent, as set forth in
Section 3.6, to permit the removal of any legend or stop transfer instructions with respect to the Registrable Securities sold,
or which the Holder has a present intention to sell, pursuant to Rule 144 provided that the other applicable requirements under
Rule 144 have been met.

 

6.
LOCK-UP.

 

6.1
Lock-Up. Demanding Holder agrees that, during the applicable Restriction Period, Demanding Holder shall not, in relation
to the portion of the Merger Shares subject to such Restriction Period, (i) sell, offer to sell, contract or agree to sell, hypothecate,
pledge, grant any option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, such Merger Shares
or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section
16 of the Exchange Act, with respect to such Merger Shares, (ii) enter into any swap or other arrangement that transfers to another,
in whole or in part, any of the economic consequences of ownership of such Merger Shares, whether any such transaction is to be
settled by delivery of such securities, in cash or otherwise, or (iii) publicly announce any intention to effect any transaction
specified in clause (i) or (ii). With respect to the Merger Shares permitted to be sold by Demanding Holder under this Section
6.1 during the applicable Restriction Period, Demanding Holder agrees that such sales by Demanding Holder on any trading day shall
not exceed 10% of the average daily trading volume of the Common Stock, as reported by Bloomberg Financial L.P. The Company shall
not be entitled to place any legend or stop transfer instructions with the Company’s transfer agent and registrar in relation
to the restrictions set forth in this Section 6.1.

 

6.2
Exceptions. The provisions of Section 6.1 shall not apply to:

 

6.2.1
transactions relating to shares of Common Stock acquired in open market transactions;

 

6.2.2
transfers of shares of Common Stock or any security convertible into or exercisable or exchangeable for Common Stock as a bona
fide gift;

 

6.2.3
transfers of shares of Common Stock to a trust, or other entity formed for estate planning purposes for the primary benefit of
the spouse, domestic partner, parent, sibling, child or grandchild of the Holder or any other person with whom the Holder has
a relationship by blood, marriage or adoption not more remote than first cousin;

 

    	17

    	 

    

 

6.2.4
transfers by will or intestate succession upon the death of the Holder;

 

6.2.5
the transfer of shares of Common Stock pursuant to a qualified domestic order or in connection with a divorce settlement;

 

6.2.6
if the Holder is a corporation, partnership (whether general, limited or otherwise), limited liability company, trust or other
business entity, (i) transfers of shares of Common Stock to another corporation, partnership, limited partnership, limited liability
company, trust or other business entity that controls, is controlled by or is under common control or management with the Holder,
or (ii) distributions of shares of Common Stock to partners, limited partners, limited liability company members or stockholders
of the Holder;

 

6.2.7
transfers of shares of Common Stock to the Holder’s officers, directors or their affiliates;

 

6.2.8
pledges shares of Common Stock as security or collateral in connection with any borrowing or the incurrence of any indebtedness
by any Holder (provided that no transfers of shares of Common Stock may be effected as a result of any such pledge during the
Restriction Period relating to such shares of Common Stock);

 

6.2.9
transfers of shares of Common Stock pursuant to a bona fide third-party tender offer, merger, stock sale, recapitalization,
consolidation or other transaction involving a change in control of the Company, provided that in the event that such tender offer,
merger, recapitalization, consolidation or other such transaction is not completed, the Common Stock subject to Section 6.1 shall
remain subject to Section 6.1; and

 

6.2.10
transfers of shares of Common Stock in connection with an underwritten offering or a Block Trade; and

 

provided,
that in the case of any transfer or distribution pursuant to Sections 6.2.2 through 6.2.7, each donee, distributee or other transferee
shall agree in writing, in form and substance reasonably satisfactory to the Company, to be bound by the provisions of this Section
6.

 

7.
MISCELLANEOUS.

 

7.1
Other Registration Rights. The Company agrees that it shall not enter into any agreement with respect to its securities
which is inconsistent with or violates the rights granted to the Holders of Registrable Securities.

 

7.2
Assignment; No Third Party Beneficiaries. This Agreement and the rights, duties and obligations of the Company hereunder
may not be assigned or delegated by the Company in whole or in part. This Agreement and the rights, duties and obligations of
the Holders may be freely assigned or delegated by such Holder in conjunction with and to the extent of any transfer of Registrable
Securities by any such Holder. This Agreement and the provisions hereof shall be binding upon and shall inure to the benefit of
each of the parties, their respective successors, and, in the case of the Holders, their respective permitted assigns. This Agreement
is not intended to confer any rights or benefits on any persons that are not party hereto other than as expressly set forth in
Article 4 and this Section 7.2. No assignment by any Holder of such Holder’s rights, duties and obligations hereunder shall
be binding upon or obligate the Company unless and until the Company shall have received (i) written notice of such assignment
and (ii) a Joinder Agreement in substantially the form attached hereto as Exhibit A agreeing to become subject to and bound
by the terms of this Agreement.

 

    	18

    	 

    

 

7.3
Notices. All notices, demands, requests, consents, approvals or other communications (collectively, “Notices”)
required or permitted to be given hereunder or which are given with respect to this Agreement shall be in writing and shall be
personally served, delivered by reputable overnight courier service with charges prepaid, or transmitted by hand delivery, e-mail
or facsimile (with written or electronic confirmation of delivery), addressed as set forth below, or to such other address as
such party shall have specified most recently by written notice given pursuant to this Section. Notice shall be deemed given on
the date of service or transmission if personally served or transmitted by e-mail or facsimile; provided, that if such service
or transmission is not on a Business Day or is after normal business hours, then such notice shall be deemed given on the next
Business Day. Notice otherwise sent as provided herein shall be deemed given on the next Business Day following timely delivery
of such notice to a reputable overnight courier service with an order for next-day delivery.

 

if
to the Company, to:

 

Orgenesis
Inc.

20271
Goldenrod Lane

Germantown,
Maryland 20876

Attention:
Neil Reithinger, CFO

Facsimile:
(480) 659-6407

 

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

 

Pearl
Cohen Zedek Latzer Barat, LLP

1500
Broadway, 12th Floor

New
York, New York 10036

Attention:
Mark Cohen, Esq.

Facsimile:
(646) 878-0801

 

and

 

Mintz,
Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

666
Third Avenue

New
York, New York 10017

Attention:
Jeffrey Schultz, Esq.

Facsimile:
(212) 983-3115

 

    	19

    	 

    

 

if
to the Demanding Holder, to:

 

Long
Hill Capital V, LLC

1800
N. Military Trail, Suite 150

Boca
Raton, FL 33431

Attention:
Eugene Tablis

E-mail:
eugene.tablis@bergenasset.com

 

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

 

Nelson
Mullins Riley and Scarborough LLP

One
North Clematis Street, Suite 500

West
Palm Beach, FL 33401

Attention:
Kathleen L. Deutsch

E-mail:
kathleen.deutsch@nelsonmullins.com

 

To
all other Holders, to such address as set forth beneath such Holder’s signature on the signature page hereto.

 

7.4
Severability. This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision
hereof shall not affect the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore,
in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part
of this Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible that is valid
and enforceable.

 

7.5
Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all
of which taken together shall constitute one and the same instrument.

 

7.6
Entire Agreement. This Agreement (including all agreements entered into pursuant hereto and all certificates and instruments
delivered pursuant hereto and thereto) constitutes the entire agreement of the parties with respect to the subject matter hereof
and supersedes all prior and contemporaneous agreements, representations, understandings, negotiations and discussions between
the parties, whether oral or written, including without limitation the Prior Agreement.

 

7.7
Modifications and Amendments. Upon the written consent of the Company and the Demanding Holder, compliance with any of
the provisions, covenants and conditions set forth in this Agreement may be waived, or any of such provisions, covenants or conditions
may be amended or modified; provided, however, that notwithstanding the foregoing, any amendment hereto or waiver hereof that
adversely affects one holder of Registrable Securities, solely in its capacity as a holder of the shares of Common Stock of the
Company, in a manner that is materially different from the other Holders of Registrable Securities (in such capacity) shall require
the consent of the Holder so affected. No course of dealing between any holders of Registrable Securities or the Company and any
other party hereto or any failure or delay on the part of a holder of Registrable Securities or the Company in exercising any
rights or remedies under this Agreement shall operate as a waiver of any rights or remedies of any holder of Registrable Securities
or the Company. No single or partial exercise of any rights or remedies under this Agreement by a party shall operate as a waiver
or preclude the exercise of any other rights or remedies hereunder or thereunder by such party.

 

    	20

    	 

    

 

7.8
Titles and Headings. Titles and headings of sections of this Agreement are for convenience only and shall not affect the
construction of any provision of this Agreement.

 

7.9
Waivers and Extensions. Any party to this Agreement may waive any right, breach or default which such party has the right
to waive, provided that such waiver will not be effective against the waiving party unless it is in writing, is signed by such
party, and specifically refers to the applicable provisions in this Agreement. Waivers may be made in advance or after the right
waived has arisen or the breach or default waived has occurred. Any waiver may be conditional. No waiver of any breach of any
agreement or provision herein contained shall be deemed a waiver of any preceding or succeeding breach thereof nor of any other
agreement or provision herein contained. No waiver or extension of time for performance of any obligations or acts shall be deemed
a waiver or extension of the time for performance of any other obligations or acts.

 

7.10
Remedies Cumulative. In the event that the Company fails to observe or perform any covenant or agreement to be observed
or performed under this Agreement, the applicable holder of Registrable Securities may proceed to protect and enforce its rights
by suit in equity or action at law, whether for specific performance of any term contained in this Agreement or for an injunction
against the breach of any such term or in aid of the exercise of any power granted in this Agreement or to enforce any other legal
or equitable right, or to take any one or more of such actions, without being required to post a bond. None of the rights, powers
or remedies conferred under this Agreement shall be mutually exclusive, and each such right, power or remedy shall be cumulative
and in addition to any other right, power or remedy, whether conferred by this Agreement or now or hereafter available at law,
in equity, by statute or otherwise.

 

7.11
Governing Law. This Agreement shall be governed by, interpreted under, and construed in accordance with the internal laws
of the State of New York applicable to agreements made and to be performed within the State of New York, without giving effect
to any choice-of-law provisions thereof that would compel the application of the substantive laws of any other jurisdiction.

 

7.12
Submission to Jurisdiction. The parties hereby agree that any suit, action or proceeding seeking to enforce any provision
of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby shall
be brought in the United States District Court for the Southern District of New York or any New York State court sitting in the
County of New York, so long as one of such courts shall have subject matter jurisdiction over such suit, action or proceeding,
and that any cause of action arising out of this Agreement shall be deemed to have arisen from a transaction of business in the
State of New York, and each of the parties hereby irrevocably consents to the jurisdiction of such courts (and of the appropriate
appellate courts therefrom) in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by
law, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any
such court or that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. Process
in any such suit, action or proceeding may be served on any party anywhere in the world, whether within or without the jurisdiction
of any such court. Without limiting the foregoing, each party agrees that service of process on such party as provided in this
Section 7.12 shall be deemed effective service of process on such party.

 

    	21

    	 

    

 

7.13
Waiver of Trial by Jury. EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES THE RIGHT TO A TRIAL BY JURY IN ANY ACTION,
SUIT, COUNTERCLAIM OR OTHER PROCEEDING (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF, CONNECTED WITH OR RELATING
TO THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREBY, OR THE ACTIONS OF THE HOLDERS IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE
OR ENFORCEMENT HEREOF.

 

7.14
Effectiveness. This Agreement shall become effective as between the Company, on the one hand, and the Demanding Holder,
on the other hand, upon the execution by the Company and the Demanding Holder of counterparts to this Agreement the delivery of
such counterparts to each other party on the date hereof, without regard to whether any other Holder executes and delivers a counterpart
signature page to this Agreement. This Agreement shall become effective as to each of the other Holders upon delivery of an executed
counterpart signature page by each such Holder to the Company.

 

7.15
Termination. This Agreement shall terminate and be of no further force or effect when there shall no longer be any Registrable
Securities outstanding; provided, that the provisions of Section 3.2 and Section 4 shall survive any such termination.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

    	22

    	 

    

 

IN
WITNESS WHEREOF, the parties have caused this Agreement to be executed and delivered by their duly authorized representatives
as of the date first written above.

 

	 	COMPANY:
	 	 
	 	ORGENESIS
    INC.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	HOLDERS:
	 	 
	 	LONG
    HILL CAPITAL V, LLC
	 	 
	 	By:	                     
	 	 	Name:
	 	 	Title:
	 	 
	 	MAXIM
    GROUP, LLC
	 	 
	 	By:	                                
	 	 	Name:
	 	 	Title:

 

	 	Address:	                                                         
	 	 	 
	 	 	 
	 	Facsimile
    No.:	 
	 	Email:	 
	 	Date:	 

 

[Signature
Page to Registration Rights and Lock-Up Agreement]

 

    	 

    	 

    

 

	 	UNIVERSITY
    OF LOUISVILLE
	 	RESEARCH
    FOUNDATION, INC.
	 	 
	 	By:	                         
	 	 	Name:
	 	 	Title:

 

	 	Address:	                                
	 	 	 
	 	 	 
	 	Facsimile
    No.:	                                                        
	 	Email:	 
	 	Date:	 

 

[Signature
Page to Registration Rights and Lock-Up Agreement]

 

    	 

    	 

    

 

Exhibit
A

 

Form
of Joinder Agreement

 

The
undersigned hereby agrees, effective as of the date set forth below, to become a party to that certain Registration Rights and
Lock-Up Agreement (as amended, restated and modified from time to time, the “Agreement”) dated as ____________
__, 2020, by and among Orgenesis Inc., a Nevada corporation (the “Company”), and the holders of the Company’s
common stock party thereto, and for all purposes of the Agreement the undersigned will be included within the term “Holder”
(as defined in the Agreement). The address, facsimile number and email address to which notices may be sent to the undersigned
are as follows:

 

	Address:	                             	 
	 	 	 
	 	 	 
	Facsimile
    No.:	 	 
	Email:	 	 
	Date:	 	 

 

	 	[If
    entity]
	 	 
	 	[ENTITY
    NAME]
	 	 
	 	By:	                         
	 	 	Name:
	 	 	Title:
	 	 
	 	[If
    individual]
	 	 
	 	 
	 	Individual
    Name:

 

    	A-1Exhibit
10.2

 

LOCK-UP
AGREEMENT

 

This
LOCK-UP AGREEMENT (this “Agreement”) is made as of [●], 2020 by and among Orgenesis Inc., a Nevada
corporation (the “Company”), and each other Person identified on Schedule A attached hereto (the
“Schedule of Holders”) as of the date hereof.

 

RECITALS

 

WHEREAS,
the Company is party to that certain Agreement and Plan of Merger and Reorganization, dated as of [●], 2020 (the “Merger
Agreement”), by and among the Company, Orgenesis Merger Sub, Inc., a [Nevada] corporation and wholly owned subsidiary
of the Company (“Merger Sub”), Koligo Therapeutics, Inc., a Kentucky corporation (“Koligo”),
Long Hill Capital V, LLC (“Long Hill”), four founding shareholders of Koligo (i.e., Matthew Lehman,
Balamurugan Appakalai, Michael Hughes and Stuart Williams) (collectively, the “Founders”), all of the
other shareholders of Koligo (such other existing shareholders, the “Other Shareholders” and, with Long
Hill and the Founders, collectively, the “Shareholders”) and Long Hill, in its capacity as the Shareholders’
Representative, pursuant to which Merger Sub will merge with and into Koligo (with Koligo being the surviving entity) (the “Merger”),
and consideration paid by the Company to the Shareholders in the Merger will include, among other things, such number of shares
of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), as is equal to
the Closing Share Merger Consideration and the Additional Share Merger Consideration (collectively, the “Shares”),
on the terms and subject to the conditions set forth in the Merger Agreement (capitalized terms used and not defined herein shall
have the meanings set forth in the Merger Agreement);

 

WHEREAS,
pursuant to the Merger Agreement, the Closing Share Merger Consideration will be payable at the closing to the Shareholders who
qualify as accredited investors; and

 

WHEREAS,
in connection with the transactions contemplated by the Merger Agreement, the Founders and the Other Shareholders (collectively,
the “Non-LH Shareholders”) have agreed to certain transfer restrictions on the Shares issued to such
Non-LH Shareholders on the terms and conditions set forth herein.

 

NOW,
THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as follows:

 

Section
1. Definitions. For purposes of this Agreement, the following terms shall have the meanings specified in this Section
1:

 

“Affiliate”
of any Person means any other Person controlled by, controlling or under common control with such Person; provided that
the Company and its Subsidiaries shall not be deemed to be Affiliates of any Holder. As used in this definition, “control”
(including, with its correlative meanings, “controlling,” “controlled by” and “under common control
with”) shall mean possession, directly or indirectly, of power to direct or cause the direction of management or policies
(whether through ownership of securities, by contract or otherwise).

 

“Agreement”
has the meaning set forth in the preamble.

 

    	 

    	 

    

 

“Company”
has the meaning set forth in the preamble.

 

“Holder”
means any Person who is a holder of Shares.

 

“Koligo”
has the meaning set forth in the recitals.

 

“Lock-Up
Shares” has the meaning set forth in Section 2(a).

 

“Merger”
has the meaning set forth in the recitals.

 

“Merger
Agreement” has the meaning set forth in the recitals.

 

“Merger
Sub” has the meaning set forth in the recitals.

 

“Permitted
Transferee” means, with respect to any Person, (A) the direct or indirect partners, members, equity holders or other
Affiliates of such Person, or (B) any of such Person’s related investment funds or vehicles controlled or managed by such
Person or Affiliate of such Person.

 

“Person”
means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust,
a joint venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof.

 

“Rule
144” means Rule 144 promulgated under the Securities Act, as such rules may be amended from time to time, or any
similar rule or regulation hereafter adopted by the SEC.

 

“Schedule
of Holders” has the meaning set forth in the preamble.

 

“Shares”
has the meaning set forth in the recitals.

 

“Transfer”
means to, directly or indirectly, whether in one transaction or a series of transactions and whether by merger, consolidation,
division or otherwise, sell, transfer, assign, pledge, encumber, hypothecate or similarly dispose of, either voluntarily or involuntarily,
or to enter into any contract, option or other arrangement or understanding with respect to the sale, transfer, assignment, pledge,
encumbrance, hypothecation or similar disposition of, any interest owned by a Person or any interest (including a beneficial interest)
in, or the ownership, control or possession of, any interest owned by a Person.

 

Section
2. Lock-Up.

 

(a)       Each
Holder hereby agrees that it will not Transfer any of its Shares or interest therein beneficially owned or owned of record by
such Holder (collectively, such Holder’s “Lock-Up Shares”) except in accordance with the following
lock-up release schedule whereby one fifth of such Holder’s respective Lock-Up Shares will be released from such restriction
every six months, starting six months from the closing of the Merger. Each Holder’s sales of the Lock-Up Shares will be
subject to a resale limit equal to its proportionate share of 10% of the average daily trading volume of the Company’s Common
Stock, based on each such Holder’s number of Shares compared to all Shares received by the Non-LH Shareholders.

 

    	2

    	 

    

 

(b)       Notwithstanding
the foregoing restrictions on Transfer set forth in Section 2(a), each Holder may Transfer (i) its Lock-Up Shares (A) to
any of its officers or directors, any Affiliate or family member of any of its officers or directors, as applicable, (B) in the
case of an individual, as a gift to such Person’s immediate family or to a trust, the beneficiary of which is a member of
such Person’s immediate family, an Affiliate of such Person or to a charitable organization; (C) in the case of an individual,
by virtue of laws of descent and distribution upon death of such Person; or (D) in the case of an individual, pursuant to a qualified
domestic relations order and (ii) its Lock-Up Shares to any Permitted Transferee; provided, however, that (x) in
each case such transferees must enter into a written agreement agreeing to be bound by this Agreement, including the restrictions
on Transfer set forth in Section 2(a) and (y) in the case of the foregoing clause (ii), such Permitted Transferee agrees
to promptly Transfer such Lock-Up Shares back to such Holder if such Permitted Transferee ceases to be a Permitted Transferee
for any reason prior to the date such Lock-Up Shares becomes freely transferable.

 

(c)       Each
of the Holders acknowledges and agrees that any purported Transfer of Lock-Up Shares in violation of this Agreement shall be null
and void ab initio, and the Company shall not be required to register any such purported Transfer.

 

Section
3. Rule 144. The Company shall timely file any reports required to be filed by it under the Securities Act and the
Exchange Act and shall take such further action as may be required or as the Holders of Lock-up Shares may reasonably
request, all to the extent required from time to time to enable such Holders to sell Lock-up Shares without registration
under the Securities Act within the limitation of the exemptions provided by Rule 144. Upon the written request of any Holder
in connection with that Holder’s sale pursuant to Rule 144, the Company shall promptly deliver to such Holder a written
statement as to whether it has complied with such requirements and shall provide a legal opinion to the Company’s
transfer agent, as set forth below, to permit the removal of any legend or stop transfer instructions with respect to the
Lock-up Shares sold, or which the Holder has a present intention to sell, pursuant to Rule 144 provided that the other
applicable requirements under Rule 144 have been met.

 

Section
4. General Provisions.

 

(a)       Amendments
and Waivers. The provisions of this Agreement may be amended, modified or waived only with the prior written consent of the
Company and Holders representing a majority of the Lock-Up Shares; provided that no such amendment, modification or waiver
that would adversely affect a Holder in a manner that is different from any other Holder shall be effective against such Holder
without the prior written consent of such Holder. The failure or delay of any Person to enforce any of the provisions of this
Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such Person thereafter
to enforce each and every provision of this Agreement in accordance with its terms. A waiver or consent to or of any breach or
default by any Person in the performance by that Person of his, her or its obligations under this Agreement shall not be deemed
to be a consent or waiver to or of any other breach or default in the performance by that Person of the same or any other obligations
of that Person under this Agreement.

 

(b)       Remedies.
The parties to this Agreement and their successors and assigns shall be entitled to enforce their rights under this Agreement
specifically (without posting a bond or other security), to recover damages caused by reason of any breach of any provision of
this Agreement and to exercise all other rights existing in their favor. The parties hereto and their successors and assigns agree
and acknowledge that a breach of this Agreement would cause irreparable harm and money damages would not be an adequate remedy
for any such breach and that, in addition to any other rights and remedies existing hereunder, any party shall be entitled to
specific performance and/or other injunctive relief from any court of law or equity of competent jurisdiction (without posting
any bond or other security) in order to enforce or prevent violation of the provisions of this Agreement.

 

    	3

    	 

    

 

(c)       Severability.
Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Agreement is held to be prohibited, invalid, illegal or unenforceable in any respect under any
applicable law or regulation in any jurisdiction, such prohibition, invalidity, illegality or unenforceability shall not affect
the validity, legality or enforceability of any other provision of this Agreement in such jurisdiction or in any other jurisdiction,
but this Agreement shall be reformed, construed and enforced in such jurisdiction as if such prohibited, invalid, illegal or unenforceable
provision had never been contained herein.

 

(d)       Entire
Agreement. Except as otherwise provided herein, this Agreement contains the complete agreement and understanding among the
parties hereto with respect to the subject matter hereof and supersedes and preempts any prior understandings, agreements or representations
by or among the parties hereto, written or oral, which may have related to the subject matter hereof in any way.

 

(e)       Successors
and Assigns. This Agreement shall bind and inure to the benefit and be enforceable by the Company and its successors and assigns
and the Holders and their respective successors and assigns (whether so expressed or not). In addition, whether or not any express
assignment has been made, the provisions of this Agreement which are for the benefit of the Holders are also for the benefit of,
and enforceable by, any subsequent or successor Holders.

 

(f)       Notices.
Any notice, demand or other communication to be given under or by reason of the provisions of this Agreement shall be in writing
and shall be deemed to have been given or delivered (i) when delivered personally to the recipient, (ii) when sent by confirmed
electronic mail if sent during normal business hours of the recipient but, if not, then on the next Business Day, (iii) one Business
Day after it is sent to the recipient by reputable overnight courier service (charges prepaid) or (iv) three Business Days after
it is mailed to the recipient by first class mail, return receipt requested. Such notices, demands and other communications shall
be sent to the Company at the address specified below and to any other party subject to this Agreement at such address as indicated
on the Schedule of Holders, or at such address or to the attention of such other Person as the recipient party has specified by
prior written notice to the sending party or as is on file for such Person at the Company. Any party may change such party’s
address for receipt of notice by providing prior written notice of the change to the sending party as provided herein.

 

    	4

    	 

    

 

The
Company’s address is:

 

Orgenesis
Inc.

20271
Goldenrod Lane

Germantown,
Maryland 20876

Attention:
Vered Caplan, Chief Executive Officer

E-mail:
vered.c@orgenesis.com

 

With
a copy to:

 

Pearl
Cohen Zedek Latzer Baratz, LLP

1500
Broadway, 12th Floor

New
York, New York 10036

Attention:
Mark Cohen, Esq.

Facsimile:
(646) 878-0804

Email:
MCohen@PearlCohen.com

 

And:

 

Mintz,
Levin, Cohn, Ferris, Glovsky and Popeo P.C.

666
Third Avenue

New
York, NY 10017

Attention:
Jeffrey P. Schultz, Esq.

E-mail:
JSchultz@mintz.com

 

or
to such other address or to the attention of such other Person as the Company has specified by prior written notice to the sending
party.

 

(g)       Governing
Law. All issues and questions concerning the construction, validity, interpretation and enforcement of this Agreement and
the exhibits and schedules hereto, and the relative rights of the Company and the Holders hereunder, shall be governed by, and
construed in accordance with, the laws of the State of Nevada, without giving effect to any choice of law or conflict of law rules
or provisions (whether of the State of Nevada or any other jurisdiction) that would cause the application of the laws of any jurisdiction
other than the State of Nevada.

 

(h)       MUTUAL
WAIVER OF JURY TRIAL. AS A SPECIFICALLY BARGAINED FOR INDUCEMENT FOR EACH OF THE PARTIES HERETO TO ENTER INTO THIS AGREEMENT
(AFTER HAVING THE OPPORTUNITY TO CONSULT WITH COUNSEL), EACH PARTY HERETO EXPRESSLY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY LAWSUIT
OR PROCEEDING RELATING TO OR ARISING IN ANY WAY FROM THIS AGREEMENT OR THE MATTERS CONTEMPLATED HEREBY.

 

(i)       CONSENT
TO JURISDICTION AND SERVICE OF PROCESS. EACH OF THE PARTIES, AND EACH OF THEIR SUCCESSORS AND ASSIGNS, IRREVOCABLY SUBMITS
TO THE EXCLUSIVE JURISDICTION OF THE STATE OR FEDERAL COURTS IN THE STATE OF NEVADA, FOR THE PURPOSES OF ANY SUIT, ACTION OR OTHER
PROCEEDING ARISING OUT OF THIS AGREEMENT, ANY RELATED AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY OR THEREBY. EACH OF THE
PARTIES HERETO, AND EACH OF THEIR SUCCESSORS AND ASSIGNS, FURTHER AGREES THAT SERVICE OF ANY PROCESS, SUMMONS, NOTICE OR DOCUMENT
BY U.S. REGISTERED MAIL TO SUCH PARTY’S RESPECTIVE ADDRESS SET FORTH ABOVE SHALL BE EFFECTIVE SERVICE OF PROCESS FOR ANY
ACTION, SUIT OR PROCEEDING WITH RESPECT TO ANY MATTERS TO WHICH IT HAS SUBMITTED TO JURISDICTION IN THIS PARAGRAPH. EACH OF THE
PARTIES HERETO, AND EACH OF THEIR SUCCESSORS AND ASSIGNS, IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY OBJECTION TO THE LAYING OF
VENUE OF ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF THIS AGREEMENT, ANY RELATED DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY
AND THEREBY IN THE AFOREMENTIONED COURTS, AND HEREBY AND THEREBY FURTHER IRREVOCABLY AND UNCONDITIONALLY WAIVES AND AGREES NOT
TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH ACTION, SUIT OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN
INCONVENIENT FORUM.

 

    	5

    	 

    

 

(j)       Descriptive
Headings; Interpretation. The descriptive headings of this Agreement are inserted for convenience only and do not constitute
a part of this Agreement. The use of the word “including” in this Agreement shall be by way of example rather than
by limitation.

 

(k)       No
Strict Construction. The language used in this Agreement shall be deemed to be the language chosen by the parties hereto to
express their mutual intent, and no rule of strict construction shall be applied against any party.

 

(l)       Counterparts.
This Agreement may be executed in multiple counterparts, any one of which need not contain the signature of more than one party,
but all such counterparts taken together shall constitute one and the same agreement.

 

(m)       Electronic
Delivery. This Agreement, the agreements referred to herein, and each other agreement or instrument entered into in connection
herewith or therewith or contemplated hereby or thereby, and any amendments hereto or thereto, to the extent executed and delivered
by means of a photographic, photostatic, facsimile or similar reproduction of such signed writing using a facsimile machine or
electronic mail shall be treated in all manner and respects as an original agreement or instrument and shall be considered to
have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any
party hereto or to any such agreement or instrument, each other party hereto or thereto shall re-execute original forms thereof
and deliver them to all other parties. No party hereto or to any such agreement or instrument shall raise the use of a facsimile
machine or electronic mail to deliver a signature or the fact that any signature or agreement or instrument was transmitted or
communicated through the use of a facsimile machine or electronic mail as a defense to the formation or enforceability of a contract
and each such party forever waives any such defense.

 

(n)       Further
Assurances. In connection with this Agreement and the transactions contemplated hereby, each Holder shall execute and deliver
any additional documents and instruments and perform any additional acts that may be necessary or appropriate to effectuate and
perform the provisions of this Agreement and the transactions contemplated hereby.

 

(o)       Dilution.
If, from time to time, there is any change in the capital structure of the Company by way of a stock split, stock dividend, combination
or reclassification, or through a merger, consolidation, reorganization or recapitalization, or by any other means, appropriate
adjustment shall be made in the provisions hereof so that the rights and privileges granted hereby shall continue.

 

*
* * * *

 

    	6

    	 

    

 

IN
WITNESS WHEREOF, the parties have executed this Lock-Up Agreement as of the date first written above.

 

	 	ORGENESIS
    INC.
	 	 
	 	By:	                                            
	 	 	Name:
	 	 	Title:
    
	 	 	Its:

 

[Signature
Page to Lock-Up Agreement]

 

    	 

    	 

    

 

 

	 	[HOLDER]
	 	[_________________________________]
	 	 
	 	By:	                                                                                          
	 	 	Name:
	 	 	Title:
	 	 	Its:
	 	 
	 	Address:
	 	 
	 	 
	 	 
	 	 
	 	 
	 	Email:
	 	 
	 	 

 

[Signature
Page to Lock-Up Agreement]

 

    	 

    	 

    

 

SCHEDULE
A

Schedule of Holders

 

Matthew
Lehman

Balamurugan
Appakalai

Michael
Hughes

Stuart
Williams

David
Blanford

Gopal
Loganathan

Dushan
Ghooray

William
Tucker

W.
Thomas Fisher

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