Document:

Exhibit 10.1

 

EXECUTION VERSION

 

AMENDMENT NO. 4 AND LIMITED WAIVER
TO

SENIOR SECURED REVOLVING CREDIT AGREEMENT 

 

This AMENDMENT NO. 4
AND LIMITED WAIVER TO SENIOR SECURED REVOLVING CREDIT AGREEMENT (this “Amendment”), dated as of March 2, 2016, is made
with respect to the Senior Secured Revolving Credit Agreement, dated as of May 8, 2014 (as amended, restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among ALCENTRA CAPITAL CORPORATION, a Maryland corporation
(the “Borrower”), the several banks and other financial institutions or entities from time to time party to
the Credit Agreement as lenders (the “Lenders”), and ING CAPITAL LLC, as administrative agent for the Lenders
under the Credit Agreement (in such capacity, together with its successors in such capacity, the “Administrative Agent”).
Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement (as amended hereby).

 

W I T N E S S E T H:

 

WHEREAS, pursuant to
the Credit Agreement, the Lenders have made certain loans and other extensions of credit to the Borrower;

 

WHEREAS, certain Events
of Default have occurred and are continuing under the Credit Agreement as more fully set forth herein; and

 

WHEREAS, the Borrower
has requested that the Lenders and the Administrative Agent amend certain provisions of the Credit Agreement and waive such Events
of Default and the Lenders signatory hereto and the Administrative Agent have agreed to do so on the terms and subject to the conditions
contained in this Amendment.

 

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

 

SECTION I AMENDMENTS TO
CREDIT AGREEMENT

 

Effective as of the Amendment
No. 3 Effective Date, and subject to the terms and conditions set forth below, the Credit Agreement is hereby amended as follows:

 

(a)   
Section 1.01 of the Credit Agreement is hereby amended by inserting the following defined terms in the appropriate alphabetical
order:

 

“ ‘2020
Notes’ means, in each case as in effect on the Amendment No. 3 Effective Date, the Borrower’s (a) 6.375% Notes
due 2020 in the initial aggregate principal amount of $2,055,000 due February 15, 2020, (b) 6.375% Notes due 2020 in the initial
aggregate principal amount of $1,000,000 due February 15, 2020, (c) 6.375% Notes due 2020 in the initial aggregate principal amount
of $1,050,000 due February 15, 2020, (d) 6.375% Notes due 2020 in the initial aggregate principal amount of $500,000 due March
15, 2020, (e) 6.375% Notes due 2020 in the initial aggregate principal amount of $124,000 due April 15, 2020, (f) 6.25% Notes due
2020 in the initial aggregate principal amount of $17,000,000 due April 15, 2020 and (g) 6.50% Notes due 2020 in the initial aggregate
principal amount of $16,853,000 due April 15, 2020.”

    	 	 	 

     

    

 

(b)  
Section 1.01 of the Credit Agreement is hereby amended by deleting the term “Unsecured Longer-Term Indebtedness”
in its entirety and replacing it with the following defined term in the appropriate alphabetical order (solely for the sake of
convenience in reviewing this Amendment, the language changed in this definition of Unsecured Longer-Term Indebtedness is set forth
in bold italics):

 

“ ‘Unsecured
Longer-Term Indebtedness’ means any Indebtedness for borrowed money of the Borrower that (a) has no amortization, or
mandatory redemption, repurchase or prepayment prior to, and a final maturity date not earlier than, six months after the Maturity
Date, (b) is incurred pursuant to terms that are substantially comparable to market terms for substantially similar debt of other
similarly situated borrowers as reasonably determined in good faith by the Borrower (other than financial covenants and events
of default (other than events of default customary in indentures or similar instruments that have no analogous provisions in this
Agreement or credit agreements generally), which shall be no more restrictive upon the Borrower and the other Obligors, while any
commitments or Loans are outstanding, than those set forth in this Agreement) (it being understood that (i) put rights or repurchase
or redemption obligations arising out of circumstances that would constitute a “fundamental change” (as such term is
customarily defined in convertible note offerings) or be Events of Default under the Revolving Facility shall not violate clauses
(a) or (b) for purposes of this definition and (ii) the “Survivor’s Option” described in the draft Registration
Statement on Form N-2 provided by the Company via email to the Administrative Agent at 7:52 PM ET on January 11, 2015 shall not
violate clauses (a) or (b) for the purposes of this definition), and (c) is not secured by any assets of any Obligor.

 

Notwithstanding
the foregoing, the 2020 Notes shall continue to be deemed Unsecured Longer-Term Indebtedness in all respects despite the fact that
the maturity dates of the 2020 Notes are prior to the Maturity Date so long as the 2020 Notes continue to comply with all other
requirements of this definition; provided, that, with respect to any class, series, issuance or set of notes referred to
in the definition of 2020 Notes, from and after the date that is 9 months prior to the scheduled maturity of such 2020 Notes, such
2020 Notes shall be reclassified as Unsecured Shorter-Term Indebtedness.”

 

(c)   
Section 1.01 of the Credit Agreement is hereby amended by deleting the term “Unsecured Shorter-Term Indebtedness”
in its entirety and replacing it with the following defined term in the appropriate alphabetical order (solely for the sake of
convenience in reviewing this Amendment, the language changed in this definition of Unsecured Shorter-Term Indebtedness is set
forth in bold italics):

 

“ ‘Unsecured Shorter-Term
Indebtedness’ means, collectively, (a) any Indebtedness of the Borrower or any Subsidiary (other than a Financing
Subsidiary) that is not secured by any assets of any Obligor and that does not constitute Unsecured Longer-Term Indebtedness (including,
with respect to any class, series, issuance or set of notes referred to in the definition of 2020 Notes, such 2020 Notes from and
after the date that is 9 months prior to the scheduled maturity of such 2020 Notes) and (b) any Indebtedness of the
Borrower or any Subsidiary (other than a Financing Subsidiary) that is designated as “Unsecured
Shorter-Term Indebtedness” pursuant to Section 6.11(a).”

    	2	 

     

    

 

(d)  
Section 6.01 of the Credit Agreement is hereby amended by deleting clause (b) in its entirety and replacing it with the
following (solely for the sake of convenience in reviewing this Amendment, the language changed in this clause (b) of Section 6.01
of the Credit Agreement is set forth in bold italics):

 

“(b) (i) Unsecured
Shorter-Term Indebtedness in an aggregate principal amount not to exceed $5,000,000 plus, without duplication, with
respect to any class, series, issuance or set of notes referred to in the definition of 2020 Notes, the outstanding principal amount
of such 2020 Notes from and after the date that is 9 months prior to the maturity date of such 2020 Notes and (ii) Secured
Longer-Term Indebtedness, in each case, so long as (w) no Default exists at the time of the incurrence thereof (or immediately
after the incurrence thereof), (x) prior to and immediately after giving effect to the incurrence thereof, the Borrower is
in pro forma compliance with each of the covenants set forth in Sections 6.07(a), (b), (d) and (e) after giving effect to the incurrence
thereof and on the date of such incurrence the Borrower delivers to the Administrative Agent a certificate of a Financial Officer
to such effect, (y) prior to and immediately after giving effect to the incurrence thereof, the Covered Debt Amount does not
or would not exceed the Borrowing Base then in effect, and (z) on the date the incurrence thereof, the Borrower delivers to
the Administrative Agent and each Lender a Borrowing Base Certificate as at such date demonstrating compliance with subclause (y) after
giving effect to such incurrence. For purposes of preparing such Borrowing Base Certificate, (A) the fair market value of
Quoted Investments shall be the most recent quotation available for such Eligible Portfolio Investment and (B) the fair market
value of Unquoted Investments shall be the Value set forth in the Borrowing Base Certificate most recently delivered by the Borrower
to the Administrative Agent pursuant to Section 5.01(d) or if an Unquoted Investment is acquired after the delivery of the
Borrowing Base Certificate most recently delivered, then the Value of such Unquoted Investment shall be the lower of the cost of
such Unquoted Investment and the Internal Value of such Unquoted Investment; provided, that the Borrower shall reduce the
Value of any Eligible Portfolio Investment referred to in this sub-clause (B) to the extent necessary to take into account
any events of which the Borrower has knowledge that adversely affect the value of such Eligible Portfolio Investment;”

 

SECTION II LIMITED WAIVER

 

2.1.        
Limited Waiver. Effective as of the date hereof and subject to the terms and conditions set forth in Section 3.1
and in reliance upon the representations and warranties made by the Borrower in Section 3.2, the Administrative Agent and the Lenders
hereby waive, as of the Amendment No. 3 Effective Date, any Default or Event of Default solely to the extent that such Default
or Event of Default resulted from (a) any class, series, issuance or set of 2020 Notes being Unsecured Shorter-Term Indebtedness
at any time on or following the Amendment No. 3 Effective Date, including (i) any Default or Event of Default under Section 6.01(b)
of the Credit Agreement, (ii) the failure of any Borrowing Base Certificate or other certificate delivered by the Borrower to the
Administrative Agent under the Credit Agreement to be true and correct and (iii) any breach of the representations in Sections
3.16 and 4.02(b) of the Credit Agreement made prior to the date hereof and (b) (i) the
taking of any action, or the failure to take any action, when a Default or Event of Default has occurred and is continuing, in
each case, not permitted under the Credit Agreement solely as a result of the occurrence and continuance of a Default or Event
of Default described in the preceding clause (a) or (ii) the failure to give notice of (or other information with respect to) a
Default or Event of Default described in the preceding clause (a). The limited waiver in this Section 2.1 shall be effective only
in this specific instance and for the specific purpose set forth herein and does not allow for any other or further departure from
the terms and conditions of the Credit Agreement or any other Loan Document, which terms and conditions shall continue in full
force and effect.

 

    	3	 

     

    

 

SECTION III MISCELLANEOUS

 

3.1.        
 Conditions to Effectiveness of Amendment. This Amendment shall become effective when the Borrower and the Subsidiary
Guarantors have satisfied each of the following conditions precedent (unless a condition shall have been waived in accordance with
Section 9.02 of the Credit Agreement):

 

(a)   
Executed Counterparts. The Administrative Agent shall have received from each party hereto either (1) a counterpart
of this Amendment signed on behalf of such party or (2) written evidence satisfactory to the Administrative Agent (which may
include telecopy transmission or electronic mail of a signed signature page to this Amendment) that such party has signed
a counterpart of this Amendment.

 

(b)  
Corporate Documents. The Administrative Agent shall have received (x) signature and incumbency certificates of the
officers of such Person executing the Amendment and the other Loan Documents to which it is a party and (y) resolutions of
the board of directors or similar governing body of each Obligor approving and authorizing the execution, delivery and performance
of this Amendment and the other Loan Documents to which it is a party or by which it or its assets may be bound as of the date
hereof, certified as of the date hereof by its secretary or an assistant secretary as being in full force and effect without modification
or amendment.

 

(c)   
Consents. The Borrower shall have obtained and delivered to the Administrative Agent certified copies of all consents,
approvals, authorizations, registrations, or filings (other than any filing required under the Exchange Act or the rules or regulations
promulgated thereunder, including, without limitation, any filing required on Form 8-K) required to be made or obtained by the
Borrower and all guarantors in connection with this Amendment, such consents, approvals, authorizations, registrations, filings
and orders shall be in full force and effect and all applicable waiting periods shall have expired and no investigation or inquiry
by any Governmental Authority regarding the Amendment or any transaction being financed with the proceeds of the Loans shall be
ongoing.

 

(d)  
No Litigation. There shall not exist any action, suit, investigation, litigation or proceeding or other legal or
regulatory developments pending or threatened in any court or before any arbitrator or Governmental Authority that relates to the
Amendment or that could have a Material Adverse Effect.

 

    	4	 

     

    

(e)   
Fees and Expenses. The Borrower shall have paid in full to the Administrative Agent and the Lenders all fees and
expenses related to this Amendment and the Credit Agreement owing as of the date hereof.

 

(f)   
Default. After giving effect to this Amendment, including the limited waiver set forth in Section II hereof,
no Default or Event of Default shall have occurred and be continuing under the Credit Agreement, this Amendment or under any Material
Indebtedness immediately before and after giving effect to the Amendment.

 

(g)  
Other Documents. The Administrative Agent shall have received such other documents as the Administrative Agent may
reasonably request in form and substance satisfactory to the Administrative Agent.

 

3.2.        
Representations and Warranties. To induce the other parties hereto to enter into this Amendment, the Borrower represents
and warrants to the Administrative Agent and each of the Lenders that, as of the date hereof and after giving effect to this Amendment,
including the limited waiver set forth in Section II hereof:

 

(a)   
 This Amendment has been duly authorized, executed and delivered by the Borrower and the Subsidiary Guarantor and constitutes
a legal, valid and binding obligation of the Borrower and the Subsidiary Guarantor enforceable in accordance with its terms. The
Credit Agreement, as amended by the Amendment, constitutes the legal, valid and binding obligation of the Borrower enforceable
in accordance with its respective terms.

 

(b)  
The representations and warranties set forth in Article III of the Credit Agreement and the representations and warranties
in each other Loan Document are true and correct in all material respects (other than any representation or warranty already qualified
by materiality or Material Adverse Effect, which shall be true and correct in all respects) on and as of the date hereof or as
to any such representations and warranties that refer to a specific date, as of such specific date, with the same effect as though
made on and as of the date hereof.

 

3.3.        
Counterparts. This Amendment may be executed in counterparts (and by different parties hereto on different counterparts),
each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Amendment
constitutes the entire contract between and among the parties relating to the subject matter hereof and supersedes any and all
previous agreements and understandings, oral or written, relating to the subject matter hereof. Delivery of an executed counterpart
of this Amendment by telecopy or electronic mail shall be effective as delivery of a manually executed counterpart of this Amendment.

 

3.4.        
Payment of Expenses. The Borrower agrees to pay and reimburse the Administrative Agent for all of its reasonable
and documented out-of-pocket costs and expenses incurred in connection with this Amendment, including, without limitation, the
reasonable fees, charges and disbursements of legal counsel to the Administrative Agent.

 

3.5.        
GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK.

 

3.6.        
WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING
DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT,
TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AMENDMENT BY, AMONG
OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 

    	5	 

     

    

 

3.7.        
Incorporation of Certain Provisions. The provisions of Sections 9.01, 9.07, 9.09 and 9.12 of the Credit Agreement
are hereby incorporated by reference mutatis mutandis as if fully set forth herein.

 

3.8.        
Effect of Amendment. Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit,
impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders, the Administrative Agent, the Collateral
Agent, the Borrower or the Subsidiary Guarantor under the Credit Agreement or any other Loan Document, and, except as expressly
set forth herein, shall not alter, modify, amend or in any way affect any of the other terms, conditions, obligations, covenants
or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects
and shall continue in full force and effect. Nothing herein shall be deemed to entitle any Person to a consent to, or a waiver,
amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the
Credit Agreement or any other Loan Document in similar or different circumstances. This Amendment shall apply and be effective
only with respect to the provisions amended or waived herein of the Credit Agreement. Upon the effectiveness of this Amendment,
each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein”
or words of similar import shall mean and be a reference to the Credit Agreement as amended by this Amendment and each reference
in any other Loan Document shall mean the Credit Agreement as amended hereby. This Amendment shall constitute a Loan Document.

 

3.9.        
Consent and Affirmation. Without limiting the generality of the foregoing, by its execution hereof, each of the Borrower
and the Subsidiary Guarantor hereby, as of the date hereof, (i) consents to this Amendment and the transactions contemplated hereby,
(ii) agrees that the Guarantee and Security Agreement and each of the other Security Documents is in full force and effect, (iii)
confirms its guarantee (solely in the case of the Subsidiary Guarantor) and affirms its obligations under the Guarantee and Security
Agreement and confirms its grant of a security interest in its assets as Collateral for the Secured Obligations (as defined in
the Guarantee and Security Agreement), and (iv) acknowledges and affirms that such guarantee and/or grant is in full force and
effect in respect of, and to secure, the Secured Obligations (as defined in the Guarantee and Security Agreement).

 

3.10.    
Release. Each of the Borrower and the Subsidiary Guarantor hereby acknowledges and agrees that: (a) neither it nor
any of its Affiliates has any claim or cause of action against the Administrative Agent, the Collateral Agent or any Lender (or
any of their respective Affiliates, officers, directors, employees, attorneys, consultants or agents) including, but not limited
to, under the Credit Agreement and the other
Loan Documents (and each other document entered into in connection therewith), and (b) the Administrative Agent, the Collateral
Agent and each Lender has heretofore properly performed and satisfied in a timely manner all of its obligations to the Obligors
and their Affiliates under the Credit Agreement and the other Loan Documents (and each other document entered into in connection
therewith) that are required to have been performed on or prior to the date hereof. Accordingly, for and in consideration of the
agreements contained in this Amendment and other good and valuable consideration, each of the Borrower and the Subsidiary Guarantor
(for itself and its Affiliates and the successors, assigns, heirs and representatives of each of the foregoing) (collectively,
the “Releasors”) does hereby fully, finally, unconditionally and irrevocably release and forever discharge the
Administrative Agent, the Collateral Agent, each Lender and each of their respective Affiliates, officers, directors, employees,
attorneys, consultants and agents (collectively, the “Released Parties”) from any and all debts, claims, obligations,
damages, costs, attorneys’ fees, suits, demands, liabilities, actions, proceedings and causes of action, in each case, whether
known or unknown, contingent or fixed, direct or indirect, and of whatever nature or description, and whether in law or in equity,
under contract, tort, statute or otherwise, which any Releasor has heretofore had or now or hereafter can, shall or may have against
any Released Party by reason of any act, omission or thing whatsoever done or omitted to be done on or prior to the date hereof
directly arising out of, connected with or related to this Amendment, the Credit Agreement or any other Loan Document (or any other
document entered into in connection therewith), or any act, event or transaction related or attendant thereto, or the agreements
of the Administrative Agent, the Collateral Agent or any Lender contained therein, or the possession, use, operation or control
of any of the assets of any of the Borrower or the Subsidiary Guarantor, or the making of any Loans or other advances, or the management
of such Loans or advances or the Collateral.

 

    	6	 

     

    

 

[Signature pages follow]

 

    	7	 

     

    

IN WITNESS WHEREOF, the parties hereto have
caused this Amendment to be duly executed and delivered as of the day and year first above written.

 

ALCENTRA CAPITAL CORPORATION,

as Borrower

 

 

By:                                                         

Name:

Title:

 

ALCENTRA BDC EQUITY HOLDINGS, LLC,

as Subsidiary Guarantor

 

 

By:                                                        

Name:

Title:

 

 

[Signature Page to Amendment No. 4 and Limited
Waiver to Senior Secured Revolving Credit Agreement]

 

    	 	 	 

     

    

ING CAPITAL LLC, as Administrative Agent and as a Lender

 

 

By:                                                        

Name:

Title:

 

 

By:                                                        

Name:

Title:

 

 

[Signature Page to Amendment No. 4 and Limited
Waiver to Senior Secured Revolving Credit Agreement]

    	 	 	 

     

    

STATE STREET BANK AND TRUST COMPANY, as Lender

 

 

By:                                                        

Name:

Title:

 

 

[Signature Page to Amendment No. 4 and Limited
Waiver to Senior Secured Revolving Credit Agreement]

    	 	 	 

     

    

EVERBANK COMMERCIAL FINANCE, INC., as Lender

 

 

By:                                                        

Name:

Title:

 

 

[Signature Page to Amendment No. 4 and Limited
Waiver to Senior Secured Revolving Credit Agreement]

    	 	 	 

     

    

ALOSTAR BANK OF COMMERCE, as Lender

 

 

By:                                                        

Name:

Title:

 

 

[Signature Page to Amendment No. 4 and Limited
Waiver to Senior Secured Revolving Credit Agreement]

    	 	 	 

     

    

STIFEL BANK & TRUST, as Lender

 

 

By:                                                        

Name:

Title:

 

 

[Signature Page to Amendment No. 4 and Limited
Waiver to Senior Secured Revolving Credit Agreement]

    	 	 	 

     

    

RAYMOND JAMES BANK, N.A., as Lender

 

 

By:                                                        

Name:

Title:

 

 

[Signature Page to Amendment No. 4 and Limited
Waiver to Senior Secured Revolving Credit Agreement]Exhibit 10.1

 

ATLAN MEDIA, INC.

REGULATION S SUBSCRIPTION AGREEMENT

 

SECTION 1.

 

1.1           Subscription.  The
undersigned, ___________, intending to be legally bound, hereby irrevocably subscribes for and agrees to purchase ______________
shares (the “Shares”) of the common stock (the “Common Stock”) of ATLAN MEDIA, INC., a Nevada corporation
(the "Company") in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended
(the “Securities Act”).

 

1.2           Purchase
of Shares.    The undersigned understands and acknowledges that the purchase price to be remitted to the Company
in exchange for the Shares shall be an aggregate of ____________________ or $0.058 per Share.  The Company shall deliver
the Shares to the undersigned promptly after the acceptance of this Subscription Agreement by the Company.

 

1.3           Acceptance
or Rejection.

 

(a)  The undersigned understands
and agrees that the Company reserves the right to reject this subscription for the Shares if, in its reasonable judgment, it deems
such action in the best interest of the Company, at any time prior to the Closing, notwithstanding prior receipt by the undersigned
of notice of acceptance of the undersigned's subscription.

 

(b)   The undersigned understands
and agrees that its subscription for the Shares is irrevocable.

 

(c)   In the event the sale
of the Shares subscribed for by the undersigned is not consummated by the Company for any reason (in which event this Subscription
Agreement shall be deemed to be rejected), this Subscription Agreement and any other agreement entered into between the undersigned
and the Company relating to this subscription shall thereafter have no force or effect and the Company shall promptly return or
cause to be returned to the undersigned the purchase price remitted to the Company by the undersigned, without interest thereon
or deduction therefrom, in exchange for the Shares.

 

SECTION 2.

 

2.1           Closing.  The
closing (the "Closing") of the purchase and sale of the Shares, shall occur simultaneously with the acceptance by the
Company of the undersigned's subscription, as evidenced by the Company's execution of this Subscription Agreement.

 

SECTION 3.

 

3.1           Investor
Representations and Warranties.   The undersigned hereby acknowledges, represents and warrants to, and agrees
with, the Company and its affiliates as follows:

 

(a)   Investment Purposes.  The
undersigned is acquiring the Shares for his own account as principal, not as a nominee or agent, for investment purposes only,
and not with a view to, or for, resale, distribution or fractionalization thereof in whole or in part and no other person has a
direct or indirect beneficial interest in such Shares or any portion thereof.  Further, the undersigned does not have
any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participations to such person or
to any third person, with respect to the Shares for which the undersigned is subscribing or any part of the Shares.

 

(b)   Authority.  The
undersigned has full power and authority to enter into this Agreement, the execution and delivery of this Agreement has been duly
authorized, if applicable, and this Agreement constitutes a valid and legally binding obligation of the undersigned.

 

(c)    No Marketing
in United States.  The undersigned is not subscribing for the Shares as a result of or subsequent to any of the following
marketing activities in the United States: any advertisement, article, notice or other communication published in any newspaper,
magazine or similar media or broadcast over television or radio, or presented at any seminar or meeting, or any solicitation of
a subscription by person previously not known to the undersigned in connection with investment securities generally.

 

(d)   No Obligation to
Register Shares.  The undersigned understands that the Company is under no obligation to register the Shares under
the Securities Act, or to assist the undersigned in complying with the Securities Act or the securities laws of any state of the
United States or of any foreign jurisdiction.

 

(e)  Investment Experience.  The
undersigned is (i) experienced in making investments of the kind described in this Agreement, (ii) able, by reason of the business
and financial experience of its officers (if an entity) and professional advisors (who are not affiliated with or compensated in
any way by the Company or any of its affiliates or selling agents), to protect its own interests in connection with the transactions
described in this Agreement, and (iii) able to afford the entire loss of its investment in the Shares.

 

     

     

    

 

(f)  Exemption from Registration.  The
undersigned acknowledges his understanding that the offering and sale of the Shares is intended to be exempt from registration
under the Securities Act.  In furtherance thereof, in addition to the other representations and warranties of the undersigned
made herein, the undersigned further represents and warrants to and agrees with the Company and its affiliates as follows:

 

(1)           The
undersigned realizes that the basis for the exemption may not be present if, notwithstanding such representations, the undersigned
has in mind merely acquiring the Shares for a fixed or determinable period in the future, or for a market rise, or for sale if
the market does not rise.  The undersigned does not have any such intention;

 

(2)           The
undersigned has the financial ability to bear the economic risk of his investment, has adequate means for providing for his current
needs and personal contingencies and has no need for liquidity with respect to his investment in the Company; and

 

(3)           The
undersigned has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks
of the prospective investment in the Shares.  The undersigned also represents it has not been organized for the purpose
of acquiring the Shares; and

 

(4)           The
undersigned has been provided an opportunity for a reasonable period of time prior to the date hereof to obtain additional information
concerning the offering of the Shares, the Company and all other information to the extent the Company possesses such information
or can acquire it without unreasonable effort or expense.

 

(g)           Economic
Considerations.  The undersigned is not relying on the Company, or its affiliates or agents with respect to economic
considerations involved in this investment.  The undersigned has relied solely on its own advisors.

 

(h)           No
Other Company Representations.  No representations or warranties have been made to the undersigned by the Company,
or any officer, employee, agent, affiliate or subsidiary of the Company, other than the representations of the Company contained
herein, and in subscribing for Shares the undersigned is not relying upon any representations other than those contained herein.

 

(i)           Compliance
with Laws.  Any resale of the Shares during the ‘distribution compliance period’ as defined in Rule 902(f)
to Regulation S shall only be made in compliance with exemptions from registration afforded by Regulation S.  Further,
any such sale of the Shares in any jurisdiction outside of the United States will be made in compliance with the securities laws
of such jurisdiction.  The Investor will not offer to sell or sell the Shares in any jurisdiction unless the Investor
obtains all required consents, if any.

 

(j)           Regulation
S Exemption.  The undersigned understands that the Shares are being offered and sold to him in reliance on an exemption
from the registration requirements of United States federal and state securities laws under Regulation S promulgated under the
Securities Act and that the Company is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments
and understandings of the Investor set forth herein in order to determine the applicability of such exemptions and the suitability
of the Investor to acquire the Shares.  In this regard, the undersigned represents, warrants and agrees that:

 

(1)           The
undersigned is not a citizen of the United States, not a U.S. Person (as defined below) and is not an affiliate (as defined in
Rule 501(b) under the Securities Act) of the Company and is not acquiring the Shares for the account or benefit of a U.S. Person.  A
U.S. Person means any one of the following:

 

(A)            any
natural person resident in the United States of America;

 

(B)           any
partnership or corporation organized or incorporated under the laws of the United States of America;

 

(C)            any
estate of which any executor or administrator is a U.S. person;

 

(D)           any
trust of which any trustee is a U.S. person;

 

(E)           any
agency or branch of a foreign entity located in the United States of America;

 

(F)           any
non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit
or account of a U.S. person;

 

(G)           any
discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated
or (if an individual) resident in the United States of America; and

 

(H)           any
partnership or corporation if:

 

(i)           organized
or incorporated under the laws of any foreign jurisdiction; and

 

(ii)          formed
by a U.S. person principally for the purpose of investing in securities not registered under the Securities Act, unless it is organized
or incorporated, and owned, by accredited investors (as defined in Rule 501(a) under the Securities Act) who are not
natural persons, estates or trusts.

 

     

     

    

 

(2)           At
the time of the origination of contact concerning this Agreement and the date of the execution and delivery of this Agreement,
the undersigned was outside of the United States.

 

(3)           The
undersigned will not, during the period commencing on the date of issuance of the Shares and ending on the first anniversary of
such date, or such shorter period as may be permitted by Regulation S or other applicable securities law (the “Restricted
Period”), offer, sell, pledge or otherwise transfer the Shares in the United States, or to a U.S. Person for the account
or for the benefit of a U.S. Person, or otherwise in a manner that is not in compliance with Regulation S.

 

(4)           The
undersigned will, after expiration of the Restricted Period, offer, sell, pledge or otherwise transfer the Shares only pursuant
to registration under the Securities Act or an available exemption therefrom and, in accordance with all applicable state and foreign
securities laws.

 

(5)           The
undersigned was not in the United States, engaged in, and prior to the expiration of the Restricted Period will not engage in,
any short selling of or any hedging transaction with respect to the Shares, including without limitation, any put, call or other
option transaction, option writing or equity swap.

 

(6)           Neither
the undersigned nor or any person acting on his behalf has engaged, nor will engage, in any directed selling efforts to a U.S.
Person with respect to the Shares and the Investor and any person acting on his behalf have complied and will comply with the “offering
restrictions” requirements of Regulation S under the Securities Act.

 

(7)           The
transactions contemplated by this Agreement have not been pre-arranged with a buyer located in the United States or with a U.S.
Person, and are not part of a plan or scheme to evade the registration requirements of the Securities Act.

 

(8)           Neither
the undersigned nor any person acting on his behalf has undertaken or carried out any activity for the purpose of, or that could
reasonably be expected to have the effect of, conditioning the market in the United States, its territories or possessions, for
any of the Shares.  The undersigned agrees not to cause any advertisement of the Shares to be published in any newspaper
or periodical or posted in any public place and not to issue any circular relating to the Shares, except such advertisements that
include the statements required by Regulation S under the Securities Act, and only offshore and not in the U.S. or its territories,
and only in compliance with any local applicable securities laws.

 

(9)           Each
certificate representing the Shares shall be endorsed with the following legends, in addition to any other legend required to be
placed thereon by applicable federal or state securities laws:

 

(A)           “THE
SECURITIES ARE BEING OFFERED TO INVESTORS WHO ARE NOT U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (“THE SECURITIES ACT”)) AND WITHOUT REGISTRATION WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION
UNDER THE SECURITIES ACT IN RELIANCE UPON REGULATION S PROMULGATED UNDER THE SECURITIES ACT.”

 

(B)           “TRANSFER
OF THESE SECURITIES IS PROHIBITED, EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT TO REGISTRATION UNDER THE
SECURITIES ACT, OR PURSUANT TO AVAILABLE EXEMPTION FROM REGISTRATION.  HEDGING TRANSACTIONS MAY NOT BE CONDUCTED UNLESS
IN COMPLIANCE WITH THE SECURITIES ACT.”

 

(10)           The
undersigned consents to the Company making a notation on its records or giving instructions to any transfer agent of the Company
in order to implement the restrictions on transfer of the Shares set forth in this Section 2.

 

(k)           Accredited
Investor.  The undersigned is an “accredited investor” as that term is defined in Rule 501 of the General
Rules and Regulations under the Securities Act by reason of Rule 501(a)(3).

 

(l)           Potential
Loss of Investment; Risk Factors.  The undersigned understands that an investment in the Shares is a speculative
investment which involves a high degree of risk and the potential loss of his entire investment. The undersigned understands
that the following factors, among others, could cause the loss of any or all of his investment.

 

(1)           The
Company is a development stage company with no operating history for the undersigned to evaluate its business.  The Company
was incorporated in the State of Nevada in October 2015, and as a result is only in the very early stages of development.  Because
the Company has no operating history, it is difficult to evaluate its business and future prospects.  The undersigned
has also considered the uncertainties and difficulties frequently encountered by companies, such as the Company, in their early
stages of development.  The Company’s revenue and income potential is non-existent and its business model is still
emerging.  If its business model does not prove to be profitable, the undersigned may lose all of his investment.

 

(2)           The
Company currently does not have enough working capital to satisfy its capital needs.  The Company is dependent upon its
management team to fund its ongoing operations, and cannot be certain that future financing will be available to it on acceptable
terms when it needs it.  The Company can give no assurances that it will be able to sell any portion of this offering
or that management will continue to fund its ongoing operations.  This, along with the possibility of other factors and
circumstances the Company cannot predict, may require it to seek additional financing faster than anticipated.  If the
Company is unable to obtain financing to meet its needs, the undersigned may lose of his investment.

 

     

     

    

 

(3)           The
Company’s officers and directors will only devote a limited amount of time to the Company.  Their divided interests
may hinder the Company's ability to generate revenue.  This could result in missed business opportunities and worse-than-expected
operating results.  The undersigned may lose his entire investment.

 

(m)           Investment
Commitment.  The undersigned's overall commitment to investments which are not readily marketable is not disproportionate
to the undersigned's net worth, and an investment in the Shares will not cause such overall commitment to become excessive.

 

(n)           Receipt
of Information.  The undersigned has received all documents, records, books and other information pertaining to the
undersigned’s investment in the Company that has been requested by the undersigned.

 

(o)           Investor
Questionnaire.  The undersigned represents and warrants to the Company that all information that the undersigned
has provided to the Company, including, without limitation, the information in the Investor Questionnaire attached hereto or previously
provided to the Company (the “Investor Questionnaire”), is correct and complete as of the date hereof.

 

(p)           No
Reliance.  Other than as set forth herein, the undersigned is not relying upon any other information, representation
or warranty by the Company or any officer, director, stockholder, agent or representative of the Company in determining to invest
in the Shares.  The undersigned has consulted, to the extent deemed appropriate by the undersigned, with the undersigned’s
own advisers as to the financial, tax, legal and related matters concerning an investment in the Shares and on that basis believes
that his or its investment in the Shares is suitable and appropriate for the undersigned.

 

(q)           No
Governmental Review.  The undersigned is aware that no federal or state agency has (i) made any finding or determination
as to the fairness of this investment, (ii) made any recommendation or endorsement of the Shares or the Company, or (iii) guaranteed
or insured any investment in the Shares or any investment made by the Company.

 

(r)           Price
of Shares.  The undersigned understands that the price of the Shares offered hereby bear no relation to the assets,
book value or net worth of the Company and were determined arbitrarily by the Company.  The undersigned further understands
that there is a substantial risk of further dilution on his or its investment in the Company.

 

SECTION 4.

 

4.1           Company’s
Representations and Warranties.  The Company represents and warrants to the undersigned as follows:

 

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

 

(b)           Authority.   (a)  The
Company has the requisite corporate power and authority to enter into and perform its obligations under this Agreement and to issue
the Shares; (b) the execution and delivery of this Agreement by the Company and the consummation by it of the transactions contemplated
hereby and thereby have been duly authorized by all necessary corporate action and no further consent or authorization of the Company
or its Board of Directors or stockholders is required; and (c) this Agreement has been duly executed and delivered by the Company
and constitutes a valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except
as such  enforceability  may be limited by applicable bankruptcy, insolvency, or similar laws relating to,
or affecting generally the enforcement of, creditors' rights and remedies or by other equitable principles of general application.

 

(c)           Exemption
from Registration; Valid Issuances.  The sale and issuance of the Shares, in accordance with the terms and on the
bases of the representations and warranties of the undersigned set forth herein, may and shall be properly issued by the Company
to the undersigned pursuant to any applicable federal or state law. When issued and paid for as herein provided, the Shares shall
be duly and validly issued, fully paid, and nonassessable. Neither the sales of the Shares pursuant to, nor the Company's performance
of its obligations under, this Agreement shall (a) result in the creation or imposition of any liens, charges, claims or other
encumbrances upon the Shares or any of the assets of the Company, or (b) entitle the other holders of the Common Stock of the Company
to preemptive or other rights to subscribe to or acquire the Common Stock or other securities of the Company. The Shares shall
not subject the undersigned to personal liability by reason of the ownership thereof.

 

SECTION 5.

 

5.1             Indemnity.  The
undersigned agrees to indemnify and hold harmless the Company, its officers and directors, employees and its affiliates and their
respective successors and assigns and each other person, if any, who controls any thereof, against any loss, liability, claim,
damage and expense whatsoever (including, but not limited to, any and all expenses whatsoever reasonably incurred in investigating,
preparing or defending against any litigation commenced or threatened or any claim whatsoever) arising out of or based upon any
false representation or warranty or breach or failure by the undersigned to comply with any covenant or agreement made by the undersigned
herein or in any other document furnished by the undersigned to any of the foregoing in connection with this transaction.

 

     

     

    

 

5.2           Modification.  Neither
this Agreement nor any provisions hereof shall be modified, discharged or terminated except by an instrument in writing signed
by the party against whom any waiver, change, discharge or termination is sought.

 

5.3           Notices.  Any
notice, demand or other communication which any  party hereto may be required, or may elect, to give to anyone interested
hereunder shall be sufficiently given if (a) sent via trackable international courrier service, addressed to such address as may
be given herein, or (b) delivered personally at such address.

 

5.4           Counterparts.  This
Agreement may be executed through the use of separate signature pages or in any number of counterparts and by facsimile, and each
of such counterparts shall, for all purposes, constitute one agreement binding on all parties, notwithstanding that all parties
are not signatories to the same counterpart. Signatures may be facsimiles.

 

5.5           Binding
Effect.  Except as otherwise provided herein, this Agreement shall be binding upon and inure to the benefit of the
parties and their heirs, executors, administrators, successors, legal representatives and assigns.  If the undersigned
is more than one person, the obligation of the undersigned shall be joint and several and the agreements, representations, warranties
and acknowledgments herein contained shall be deemed to be made by and be binding upon each such person and his heirs, executors,
administrators and successors.

 

5.6           Entire
Agreement.  This Agreement and the documents referenced herein contain the entire agreement of the parties and there
are no representations, covenants or other agreements except as stated or referred to herein and therein.

 

5.7           Assignability.  This
Agreement is not transferable or assignable by the undersigned.

 

5.8           Applicable
Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada, without
giving effect to conflicts of law principles.

 

5.9           Pronouns.  The
use herein of the masculine pronouns "him" or "his" or similar terms shall be deemed to include the feminine
and neuter genders as well and the use herein of the singular pronoun shall be deemed to include the plural as well.

 

5.10           Further
Assurances.  Upon request from time to time, the undersigned shall execute and deliver all documents, take all rightful
oaths and do all other acts that may be necessary or desirable, in the reasonable opinion of the Company or its counsel, to effect
the subscription for the Shares in accordance herewith.

 

     

     

    

  

IN WITNESS WHEREOF, the undersigned has executed this Agreement
on the 9th day of April, 2016.

 

Amount of Investment:

 

	$	 	 

 

	INDIVIDUAL INVESTOR:	 
	 	 
	 	 
	Print Name	 
	 	 
	 	 
	Signature	 
	 	 
	PARTNERSHIP, CORPORATION, TRUST,
	CUSTODIAL ACCOUNT, OTHER INVESTOR
	 	 
	 	 
	(Name of Entity)	 

 

	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 

 

Taxpayer Identification Number, if available:_____________

 

     

     

    

 

ACCEPTANCE OF SUBSCRIPTION

 

(to be filed out only by the Company)

 

The Company hereby accepts the above application for subscription
for Shares on behalf of the Company.

 

	Dated: April 9, 2016	 
	 	 	 	 
	ATLAN MEDIA, INC.	 
	 	 	 	 
	By:	 	 	 
		Name:	William Atlan	 
		Title:	President and CEO

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