Document:

Exhibit 4.13

  

  

  

  
    SUBSCRIPTION AGREEMENT

     

    This subscription agreement (this “Subscription Agreement”) is made as of June 24, 2020, by and among the Investors identified on the signature pages hereto (the “Investors”), and Better Choice Company Inc., a Delaware
      corporation (the “Company”), and the parties hereto agree as follows:

    

    

    	1.	
            Definitions.

          

    

    

    In addition to the words and terms defined elsewhere in this Subscription Agreement, for all purposes of this Subscription Agreement, the following terms have the meanings set forth in this Section
      1:

    

    

    “Closing” means the closing of the purchase and sale of the Securities pursuant to Section 3.

    

    

    “Closing Date” means the earlier to occur of (a) June 24, 2020 and (b) the day on which all of the Transaction Documents have been executed and delivered by
      the applicable parties thereto, and all conditions precedent to Closing have been satisfied or waived.

    

    

    “Common Stock” means the common stock, par value $0.001 per share, of the Company.

    

    

    “Conversion Price” means $0.75 per share.

    

    

    “Conversion Privilege” means the right, at the option of the holder of Convertible Notes, to convert the principal amount of Convertible Notes into Common
      Stock at any time prior to the close of business on the last business day immediately preceding the two year anniversary of the issue date.

    

    

    “Convertible Notes” means, collectively, the subordinated convertible promissory notes delivered to the Investors at the Closing in accordance with Section 3
      hereof, which Convertible Notes shall bear interest at a rate of 10.0% per annum from the date of issue, payable quarterly in kind.

    

    

    “Convertible Note Shares” means shares of Common Stock issuable upon conversion of the Convertible Notes at the Conversion Price.

    

    

    “Registration Rights Agreement” means the Registration Rights Agreement, to be dated the Closing Date, among the Company, the Investors and any additional
      investors party thereto, substantially in the form attached hereto as Exhibit A.

    

    

    “Securities” means the Convertible Notes, the Warrants, the Convertible Note Shares and the Warrant Shares.

    

    

    “Subscription Price” means the original principal amount of the Convertible Notes subscribed for by the Investors.

    

    

    “Transaction Documents” means this Subscription Agreement, the Convertible Notes, the Warrants, the Registration Rights Agreement and any other documents or
      agreements executed in connection with the transactions contemplated hereunder.

    

    

    
      1

      
        

    

    “Warrants” means, collectively, the Common Stock purchase warrants delivered to the Investors at the Closing in accordance with Section 3 hereof, which
      Warrants shall be exercisable at any time for a period ending on the earlier of (i) 84 months from the date of the consummation of an underwritten public offering or other uplist transaction through which the Company lists its Common Stock on the New
      York Stock Exchange, The Nasdaq Global Select Market, The Nasdaq Global Market or another national securities exchange in the United States or Canada or (ii) June 30, 2030, substantially in the form attached hereto as Exhibit B.

    

    

    “Warrant Exercise Price” means $1.25 per share.

    

    

    “Warrant Shares” means the shares of Common Stock issuable upon exercise of the Warrants at the Warrant Exercise Price.

    

    

    	2.	
            Subscription.

          

    

    

    (a) The Company has authorized the sale and issuance to the Investors (the “Offering”) of the number of Convertible Notes and Warrants set forth on the signature page, and the Company desires to issue and sell to Investor the Convertible Notes and the Warrants in consideration for the payment of the
      Subscription Price.

     

    (b) At the Closing, the Company and the Investors agree that the Investors will purchase from the Company and the Company will issue and sell to the Investor, upon the
        terms and conditions set forth herein, the number Convertible Notes and Warrants as determined pursuant to Section 2(a). The Investor acknowledges that the Offering is not being underwritten.

    

    

    	3.	
            Closing and Delivery of the Convertible Notes and Warrants. On the Closing Date, upon the terms and conditions set forth herein, the Company shall deliver to the Investors the Convertible Notes and
                Warrants as determined pursuant to Section 2(a) simultaneously with the payment of the Subscription Price. Upon satisfaction of the covenants and conditions set forth herein, the Closing shall occur at the offices of Meister Seelig &
                Fein LLP, 125 Park Avenue, 7th Floor, New York, New York 10017, or such other location as the parties
                shall mutually agree.

          

      

    	4.	
            Representations, Warranties and Covenants of the Company. The Company acknowledges, represents and warrants to, and agrees with, the Investors that:

          

    

    

    (a) The Company is duly incorporated and validly existing under the laws of the State of Delaware, with full requisite power and authority to conduct its business as it is
      currently being conducted and to own its assets; and has secured any other authorizations, approvals, permits and orders required by law of any governmental or administrative body to enter into this Subscription Agreement, to carry out the provisions
      and conditions hereof, and for the conduct by the Company of its business as it is currently being conducted, as contemplated hereby and in the Company‘s by-laws.

    

    

    
      2

      
        

    

    (b) The Company has the requisite corporate power and authority and has taken all requisite corporate action necessary for, and no further action on the part of the Company, its
      officers, directors and shareholders is necessary for, (i) the authorization, execution and delivery of the Transaction Documents, (ii) the authorization of the performance of all obligations of the Company hereunder or thereunder, and (iii) the
      issuance and delivery of the Convertible Notes and Warrants.

    

    

    (c) The Convertible Note Shares and Warrant Shares  to be issued by the Company to the Investors in accordance with the terms of the Convertible Notes and the Warrants,
      respectively, have been duly authorized and the Convertible Note Shares and Warrant Shares when issued and delivered in accordance with the terms and conditions of the Convertible Notes and the Warrants, respectively, will be validly issued, fully
      paid and non-assessable and free of any preemptive or similar rights.

    

    

    (d) No authorization, approval, consent or license of any governmental regulatory body or authority is required for the valid authorization, issuance, sale and delivery of the
      Convertible Notes and Warrants subscribed for hereunder (other than as may be required under the securities or blue sky laws of the various states of the United States and jurisdictions outside the United States where the offering of such Securities
      is made).

    

    

    (e) The execution and delivery of this Subscription Agreement and the consummation of the transactions contemplated hereby will not: (i) result in a breach or violation of any of
      the terms and provisions of, or constitute a default under, any law, rule or regulation to which the Company or any subsidiary is subject, or by which any property or asset of the Company or any subsidiary is bound or affected, (ii) conflict with,
      result in any violation or breach of, or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or give to others any right of termination, amendment, acceleration or cancellation (with or without
      notice, lapse of time or both) of, any agreement, lease, credit facility, debt, note, bond, mortgage, indenture or other instrument or obligation or other understanding to which the Company or any subsidiary is a party or by which any property or
      asset of the Company or any subsidiary is bound or affected, or (iii) result in a breach or violation of any of the terms and provisions of, or constitute a default under, the Company’s Certificate of Incorporation, except in the case of clauses (i)
      and (ii) such breaches, violations, defaults, or conflicts which are not, individually or in the aggregate, reasonably likely to result in a material adverse effect upon the business, properties, operations, condition (financial or otherwise) or
      results of operations of the Company and its subsidiaries, taken as a whole, or in its ability to perform its obligations under this Subscription Agreement.

    

    

    (f) This Subscription Agreement, when signed by the Company on the signature page hereof as contemplated hereby, shall be validly executed and delivered and shall be valid,
      binding and enforceable against it in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency or other similar laws affecting the enforcement of creditors’ rights in general and except that the equitable
      remedy of specific performance and other equitable remedies are subject to the discretion of the court in which they are sought.

    

    

    
      3

      
        

    

    (g) With the exception of obligations under (i) a registration rights agreement, dated as of December 12, 2018, and (ii) a registration rights agreement, dated as of May 6, 2019 
      (as amended by the first amendment thereto, dated as of June 10, 2019), the Company is not in default in the performance of any obligation, agreement or condition contained in any of its governing documents, any indenture, mortgage, deed of trust,
      credit agreement, note or other evidence of indebtedness or any lease or other agreement or understanding, or any license, permit, franchise or certificate, to which the Company is a party or by which the Company is bound or to which the Company’s
      properties are subject, nor is the Company in violation of any statute, regulation, law, order, writ, injunction, judgment or decree to which it is subject, which default or violation would materially adversely affect the business or financial
      condition of the Company, or impair the Company’s ability to carry out its obligations under this Subscription Agreement or under its governing documents.

    

    

    (j) There is no litigation, investigation or other proceeding pending or, to the Company’s knowledge, threatened against the Company which, if adversely determined, would
      materially adversely affect the business, financial condition or prospects of the Company or the ability of the Company to perform its obligations under this Subscription Agreement.

    

    

    (k) To the extent offer and sale of the Securities pursuant to this Subscription Agreement is intended to be exempt from registration pursuant to Regulation S promulgated under
      the Securities Act (as defined below) (“Regulation S”), the Company has not engaged, nor will engage, in any directed selling efforts (as such term is defined in Regulation S) in the United
      States with respect to the Securities.

    

    

    (l) The authorized capital stock of the Company immediately upon the consummation of the transactions contemplated by the Subscription Agreement shall consist of:

    

    

    	

          	i.	
            4,000,000 authorized shares of preferred stock, of which 2,900,000 shares have been duly designated as Series E Preferred Stock (“Preferred Stock”).  There are 1,387,378 shares of Preferred Stock duly
              and validly issued and outstanding, fully paid and non-assessable, with no personal liability attaching to the ownership thereof, which shares are convertible into an aggregate of 1,760,903 shares of Common Stock;

          

     

    	

          	ii.	
            88,000,000 shares shall have been duly designated as Common Stock, of which 48,939,708 shares are duly and validly issued and outstanding, fully paid and non-assessable, with no personal liability attaching to
              the ownership thereof;

          

     

    	

          	iii.	
            8,053,371 shares of Common Stock shall have been duly reserved for issuance upon exercise of options issued pursuant to the 2019 Incentive Award Plan;

          

     

    	

          	iv.	
            15,087,976 shares of Common Stock shall have been duly reserved for issuance upon exercise of the outstanding warrants;

          

     

    	

          	v.	
            5,037,648 shares of Common Stock shall have been duly reserved for issuance upon conversion of the outstanding convertible notes; and

          

     

    
      4

      
        

    

    	

          	vi.	
            2,000,000 shares of Common Stock shall have been duly reserved for issuance upon exercise of the Warrants and 2,000,000 shares of Common Stock shall have been duly reserved for issuance upon conversion of the
              Convertible Notes.

          

     

    	5.	
            Representations, Warranties and Covenants of each of the Investors. As subscriber to this Subscription Agreement, each Investor acknowledges, represents and warrants to, and agrees with, the Company that:

          

    

    

    (a) Such Investor has full right, power, authority and capacity to enter into this Subscription Agreement and to consummate the transactions contemplated hereby and has taken all necessary corporate
      action to authorize the execution, delivery and performance of this Subscription Agreement.

    

    

    (b) Such Investor acknowledges its understanding and agreement that the Convertible Notes and Warrants are being offered in a transaction not involving any public offering within the United States in
      reliance on an exemption from registration within the meaning of Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and such Securities have not been and will
      not be registered  under, or registered or qualified by a prospectus under any other securities laws, and, accordingly, may not be reoffered, resold, pledged, hypothecated or otherwise transferred unless an exemption from such registration or
      prospectus requirement is available. Such Investor understands that the Company does not intend, and has no obligation, to register the Securities under the Securities Act or register or qualify such Securities pursuant to a prospectus under any
      other securities laws or otherwise to assist such Investor in complying with any exemption from the registration or prospectus requirements of federal, state or other securities laws or obtaining any such opinion.

    

    

    (c) Such Investor acknowledges that the Company is relying on such Investor’s representations and warranties below in connection with this Subscription Agreement. Each Investor represents and
      warrants to the Company as follows:

    

    

    	

          	i.	
            Such Investor has all requisite power and authority to enter into this Subscription Agreement and perform all obligations required to be performed by such Investor hereunder. The signature on this Subscription Agreement is genuine, and the
              signatory has been duly authorized to execute the same, and this Subscription Agreement constitutes a legal, valid and binding obligation of such Investor, enforceable in accordance with its terms.

          

     

    	

          	ii.	
            Such Investor is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D promulgated under the Securities Act and has completed, executed and delivered to the Company, the Investor Questionnaire in the form attached
              hereto as Exhibit C.

          

     

    	

          	iii.	
            Such Investor realizes that the basis for exemption would not be available if the Offering was part of a plan or scheme to evade registration provisions of the Securities Act or any applicable state or federal securities laws.

          

     

    
      5

      
        

    

    	

          	iv.	
            Such Investor is subscribing for, and acquiring, the Securities hereunder solely for such Investor’s own beneficial account for investment and not with a view to, or for resale in connection with, any distribution or public offering within
              the meaning of the Securities Act.

          

     

    	

          	v.	
            Such Investor acknowledges and understands that the Securities may not be resold by such Investor unless such resale is registered under the Securities Act or such resale is effected pursuant to a valid exemption from the registration
              requirements of the Securities Act.

          

     

    	

          	vi.	
            Such Investor has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Company.  Such Investor’s financial situation is such that such Investor can
              afford to bear the economic risk of holding the Securities for an indefinite period of time, and can afford to suffer the complete loss of an investment in the Company. Such Investor understands that it must bear the economic risk of an
              investment for an indefinite period of time because, among other reasons, the offering and sale of the Securities have not been registered under the Securities Act and, therefore, the Securities cannot be sold unless it is subsequently
              registered under the Securities Act or an exemption from such registration is available.

          

     

    	

          	vii.	
            Such Investor has adequately analyzed the risks of an investment in the Company and the Securities and determined, based upon Such Investor’s own judgment, due diligence (and has sought such accounting, legal and tax advice as such
              Investor has considered necessary to make an informed investment decision) and not upon any view expressed by any other person or entity, that an investment in the Company and the Securities are a suitable investment for such Investor and
              that such Investor has the financial ability at this time and in the foreseeable future to bear the economic risk of a total loss of such Investor’s investment in the Company and the Securities, has adequate means for providing for its
              current needs and contingencies, and has no need for liquidity with respect to an investment in the Company.

          

     

    	 	viii.	
            Such Investor has had a reasonable opportunity to ask questions of and receive answers from a person or persons acting on behalf of the Company concerning the Offering and the business, financial condition, results of operations and
              prospects of the Company. Such Investor has had access to such information concerning the Company and the Securities as it deems necessary to make an informed investment decision concerning the purchase of the Securities.

          

     

    	

          	ix.	
            Such Investor is unaware of, and is in no way relying on, any form of general solicitation or general advertising, including, without limitation, any article, notice, advertisement or other communication published in any newspaper,
              magazine or similar media or broadcast over television or radio, or electronic mail over the Internet, in connection with the Offering and is not subscribing for Convertible Notes and Warrants and did not become aware of the Offering through
              or as a result of any seminar or meeting to which such Investor was invited by, or any solicitation of a subscription by, a person not previously known to such Investor in connection with investments in securities generally.

          

    

    

    
      6

      
        

    

    	

          	x.	
            To the extent the offer and sale of the Securities pursuant to this Subscription Agreement is intended to be exempt from registration pursuant to Regulation S, such Investor represents, warrants and agrees that such Investor: (i) is not a
              U.S. Person, as such term is defined in Regulation S; (ii) is outside the United States at the time the buy order pursuant to this Agreement is originated and this Agreement is executed and delivered; (iii) will not, during the period
              commencing on the date hereof and ending on the six (6) months anniversary of such date, or such shorter period as may be permitted by Regulation S or other applicable securities law (“Compliance
                Period”), offer, sell, pledge or otherwise transfer the Securities in the United States, or to a U.S. Person for the account or benefit of a U.S. Person, or otherwise in a manner that is not in compliance with Regulation S; (iv)
              after the expiration of the Compliance Period, will offer, sell, or otherwise transfer the Securities only pursuant to registration under the Securities Act or an available exemption therefrom and, in accordance with all applicable state and
              foreign securities laws; and (v) has not engaged in, and prior to the expiration of the Compliance Period will not engage in, any short selling of or any hedging transaction with respect to the Securities in the United States.

          

    

    

    (d) Such Investor will not sell or otherwise transfer any Securities except pursuant to a registration of the Securities under the Securities Act or in a transaction exempt from, the registration requirements of the
      Securities Act.  In particular, such Investor is aware that the Securities are “restricted securities,” as such term is defined in Rule 144 promulgated under the Securities Act (“Rule 144”),
      and they may not be sold pursuant to Rule 144 unless all of the conditions of Rule 144 are met. The Company covenants that it will use its commercially reasonable efforts to timely file all reports and other documents required to be filed by it under
      the Securities Act and the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations promulgated by the Securities and Exchange Commission (or, if
      the Company is not required to file such reports, it will, upon the request of such Investor, make publicly available such information as necessary to permit sales pursuant to Rule 144 under the Securities Act), and it will use commercially
      reasonable efforts to take such further action as Investor may reasonably request.  Such Investor understands that the Company or its transfer agent may establish procedures for approval of transfers, including transfers sought to be permitted under
      Rule 144, which may result in delays in desired sales or transfers by such Investor.

    

    

    (e) Such Investor understands that the Securities have not been and will not be registered under the Securities Act by reason of their issuance in transactions exempt from the registration and prospectus delivery
      requirements of the Securities Act, the availability of which exemption or exemptions depends upon, among other things, the bona fide nature of the investment intent as expressed by such Investor herein. Such Investor acknowledges that, to the extent
      all or part of the Securities (or other securities issued upon any transfer of the Securities) shall be stamped or otherwise imprinted with a legend in substantially the following form (the “Restrictive
        Legend”) for as long as such Securities are “restricted securities” within the meaning of Rule 144(a)(3) under the Securities Act:

     

    

    
      7

      
        

    

    THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT
      OF 1933, AS AMENDED, AND, ACCORDINGLY, MAY NOT BE TRANSFERRED UNLESS (I) SUCH SECURITIES HAVE BEEN REGISTERED FOR SALE PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED, (II) SUCH SECURITIES MAY BE SOLD PURSUANT TO RULE 144 OR OTHER AVAILABLE
      EXEMPTION, OR (III) THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO IT THAT SUCH TRANSFER MAY LAWFULLY BE MADE WITHOUT REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED.

    

    

    	6.	
            Conditions to Obligations of the Company and the Investors:

          

    

    

    	

          	(a)	
            The obligations of the Company hereunder in connection with the Closing are subject to the following conditions being met:

          

     

    	

          	i.	
            the accuracy in all material respects on the Closing Date of the representations and warranties of each Investor contained herein;

          

     

    	

          	ii.	
            all obligations, covenants and agreements of each Investor required to be performed at or prior to the Closing Date shall have been performed; and

          

     

    	

          	iii.	
            the delivery by each Investor of the Subscription Price.

          

     

    	

          	(b)	
            The obligations of each Investor hereunder in connection with the Closing are subject to the following conditions being met:

          

     

    	

          	i.	
            the accuracy in all material respects on the Closing Date of the representations and warranties of the Company contained herein;

          

     

    	

          	ii.	
            all obligations, covenants and agreements of the Company required to be performed at or prior to the Closing Date shall have been performed; and

          

     

    	

          	iii.	
            the delivery by the Company of duly executed copies of the Transactions Documents and evidence, reasonably acceptable to each Investor, that the Convertible Notes and Warrants have been issued in book-entry or certificated form, as
              applicable.

          

     

    	7.	
            Miscellaneous.

          

    

    

    (a) Entire Agreement; Modifications. Except as otherwise provided herein, this Subscription Agreement constitutes the entire understanding and agreement
      between the parties with respect to its subject matter and there are no agreements or understandings with respect to the subject matter hereof which are not contained in this Subscription Agreement. This Subscription Agreement may be modified only in
      writing signed by the Company and each Investor.

    

    

    (b) Counterparts. This Subscription Agreement may be executed in any number of counterparts, all of which shall be deemed an original, but all of which
      together shall constitute one and the same instrument and shall become effective when counterparts have been signed by each party and delivered to the other parties hereto, it being understood that all parties need not sign the same counterpart.
      Execution may also be made by delivery of a facsimile or e-mail, which shall be deemed an original.

    

    

    
      8

      
        

    

    (c) Notices. All notices or other communications required or permitted to be provided hereunder shall be in writing and shall be deemed effectively given (i)
      upon personal delivery to the party to be notified, (ii) when sent by confirmed e-mail or facsimile if sent during normal business hours of the recipient, if not, then on the next business day, (iii) five days after having been sent by registered or
      certified mail, return receipt requested, postage prepaid, or (iv) one day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent to the
      Company or the Investors, as applicable, at the address for such recipient listed on the signature pages hereto or at such other address as such recipient has designated by two days advance written notice to the other parties hereto.

    

    

    (d) Third Party Beneficiaries.  This Subscription Agreement is intended for the benefit of the parties hereto and their respective successors and permitted
      assigns and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

    

    

    (e) Governing Law. This Subscription Agreement shall be governed by, and construed in accordance with, the internal laws of the State of New York without
      regard to the choice of law principles thereof (other than sections 5-1401 and 5-1402 of the General Obligations Laws).

    

    

    (f) WAIVER OF JURY TRIAL. IN ANY ACTION, SUIT, OR PROCEEDING IN ANY JURISDICTION BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY, THE PARTIES EACH KNOWINGLY AND
      INTENTIONALLY, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY ABSOLUTELY, UNCONDITIONALLY, IRREVOCABLY AND EXPRESSLY WAIVES FOREVER TRIAL BY JURY.

     

    

    
      9

      
        

    

    (g) Each party agrees to cooperate fully with the other party hereto and to execute such further instruments, documents and agreements and to give such further written assurance as may be reasonably
      requested by the other party to evidence and reflect the transactions described herein and contemplated hereby and to carry into effect the intents and purposes of this Subscription Agreement.

    

    

    [Signature pages follow]

    

    

    
      10

      
        

    

    IN WITNESS WHEREOF, the parties hereto have executed this Subscription Agreement effective as of the date first written above.

    

    

    	 	
            BETTER CHOICE COMPANY INC.

          
	 	 
	 	
            By:

          	 
	 	
            Name:

          	
            Werner Von Pien

          
	 	
            Title:

          	
            Chief Executive Officer

          
	 	
            Address:

          	
            164 Douglas Rd E

          
	 	 	
            Oldsmar, Florida 34677

          
	 	
            Email:

          	
            wvonpein@halopets.com

          

    

    

    
      11

      
        

    

    IN WITNESS WHEREOF, the parties hereto have executed this Subscription Agreement effective as of the date first written above.

    

    

    	 	
            INVESTOR:

          
	 	 
	 	
            By:

          	 
	 	
            Name:

          	 
	 	
            Title:

          	 

    

    

    	 	
            Convertible Note Dollar Amountt (Subscription Price):

          	
            $_______

          
	 	
            Convertible Note Share Amount:

          	
            ________

          
	 	
            Warrant Share Amount:

          	
            ________

          
	 	 	 
	 	
            Address:

          	 

    

    

    	 	
            Email Address:

          	 

    

    

    
      
        

    

    Exhibit A

     

    Form of Registration Rights Agreement

     

    
      
        

    

    Exhibit B

     

    Form of Warrants

     

    
      
        

    

    
    Exhibit C

     

    INVESTOR QUESTIONNAIRE

     

    To: Better Choice Company Inc.

     

    This Investor Questionnaire (“Questionnaire”) must be completed by each potential investor in connection with the offer and sale of the subordinated convertible promissory notes
      and common stock purchase warrants (collectively, the “Securities”), of Better Choice Company Inc., a Delaware corporation (the “Company”).  The Securities are being
      offered and sold by the Company in the United States without registration under the Securities Act of 1933, as amended (the “Securities Act”), and the securities laws of certain states, in reliance on the
      exemptions contained in Section 4(a)(2) of the Securities Act and on Regulation D promulgated thereunder and in reliance on similar exemptions under applicable state laws.  The Company must determine that a potential investor meets certain
      suitability requirements before offering or selling the Securities to such investor.  The purpose of this Questionnaire is to assure the Company that each investor will meet the applicable suitability requirements.  The information supplied by you
      will be used in determining whether you meet such criteria, and reliance upon the private offering exemptions from registration is based in part on the information herein supplied.

     

    This Questionnaire does not constitute an offer to sell or a solicitation of an offer to buy any security.  By signing this Questionnaire, you will be authorizing the Company to provide a completed copy of this
      Questionnaire to such parties as the Company deems appropriate in order to ensure that the offer and sale of the Securities will not result in a violation of the Securities Act or the securities laws of any state and that you otherwise satisfy the
      suitability standards applicable to purchasers of the Securities.  All potential investors must answer all applicable questions and complete, date and sign this Questionnaire.  Please print or type your responses and attach additional sheets of paper
      if necessary to complete your answers to any item.

     

    PART A. BACKGROUND INFORMATION

     

    	
            Name of Beneficial Owner of the Securities:

          	 	 

    

    

    	
            Business Address:

          	 	 
	 	
            (Number and Street)

          

    

    

    	
            City: 

            

          	 	 	
            State: 

            

          	 	 	
            Zip Code:

          	 	 

    

    

    	
            Telephone Number: 

            

          	 	 

    

    

    If a corporation, partnership, limited liability company, trust or other entity:

     

    

    	
            Type of entity: 

            

          	 	 

    

    

    	
            Country/State of formation: 

            

          	 	 	
            Approximate Date of formation: 

            

          	 	 

    

    

    	
            Were you formed for the purpose of investing in the securities being offered?

          	
            Yes   ☐

          	
            No  ☐

          

    

    

    If an individual:

     

    	
            Residence Address: 

            

          	 	 
	 	
            (Number and Street)

          

    

    

    	
            City: 

            

          	 	 	
            State: 

            

          	 	 	
            Zip Code: 

            

          	 	 

    

    

    	
            Telephone Number: 

            

          	 	 

    

    

    	
            Age: 

            

          	 	 	
            Citizenship: 

            

          	 	 	
            Where registered to vote:

          	 	 

     

    

    
      1

      
        

    

    Set forth in the space provided below the state(s), if any, in the United States in which you maintained your residence during the past two years and the dates during which you resided in each state:

     

    	
            Are you a director or executive officer of the Company?

          	
            Yes   ☐

          	
            No  ☐

          

    

    

    	
            Social Security or Taxpayer Identification No.: 

            

          	 	 

    

    

    PART B. ACCREDITED INVESTOR QUESTIONNAIRE

     

    In order for the Company to offer and sell the Securities in conformance with state and federal securities laws, the following information must be obtained regarding your investor status. Please initial
        each category applicable to you as a purchaser of Securities of the Company.

     

    	

          	☐  (1)	
            A bank as defined in Section 3(a)(2) of the Securities Act, or any savings and loan association or other institution as defined in Section 3(a)(5)(A) of the Securities Act whether acting in its individual or fiduciary capacity;

          

     

    	

          	☐  (2)	
            A broker or dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”);

          

     

    	

          	☐  (3)	
            An insurance company as defined in Section 2(a)(13) of the Securities Act;

          

     

    	

          	☐  (4)	
            An investment company registered under the Investment Company Act of 1940 or a business development company as defined in Section 2(a)(48) of that act;

          

     

    	

          	☐  (5)	
            A Small Business Investment Company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958;

          

     

    	

          	☐  (6)	
             A plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees, if such plan has total assets in excess of $5,000,000;

          

     

    	

          	☐  (7)	
             An employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974, if the investment decision is made by a plan fiduciary, as defined in Section 3(21) of such act, which is either a bank, savings and loan
              association, insurance company or registered investment adviser, or if the employee benefit plan has total assets in excess of $5,000,000 or, if a self-directed plan, with investment decisions made solely by persons that are accredited
              investors;

          

     

    	

          	☐  (8)	
            A private business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940;

          

     

    	

          	☐  (9)	
             An organization described in Section 501(c)(3) of the Internal Revenue Code, a corporation, Massachusetts or similar business trust, or partnership, not formed for the specific purpose of acquiring the Securities, with total assets in
              excess of $5,000,000;

          

     

    	

          	☐ (10)	
            A trust, with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the Securities, whose purchase is directed by a sophisticated person who has such knowledge and experience in financial and business
              matters that such person is capable of evaluating the merits and risks of investing in the Corporation;

          

     

    
      2

      
        

    

    	

          	☐  (11)	
             A natural person whose individual net worth, or joint net worth with that person’s spouse, at the time of his purchase exceeds $1,000,000 (exclusive of the value of that person’s primary residence);

          

     

    	

          	☐ (12)	
             A natural person who had an individual income in excess of $200,000 in each of the two most recent years, or joint income with that person’s spouse in excess of $300,000, in each of those years, and has a reasonable expectation of
              reaching the same income level in the current year;

          

     

    	

          	☐  (13)	
            An executive officer or director of the Company;

          

     

    	

          	☐  (14)	
            An entity in which all of the equity owners qualify under any of the above subparagraphs. If the undersigned belongs to this investor category only, list the equity owners of the undersigned, and the investor category which each such
              equity owner satisfies.

          

     

    PART C. BAD ACTOR QUESTIONNAIRE

     

    	1.	
            During the past ten years, have you been convicted of any felony or misdemeanor that is related to any securities matter?

          

     

    	

          	Yes   ☐	
              (If yes, please continue to Question 1.a)

          

     

    	

          	No    ☐	
            (If no, please continue to Question 2)

          

     

    	

          	a)	
             If your answer to Question 1 was “yes”, was the conviction related to: (i) the purchase or sale of any security; (ii) the making of any false filing with the Securities and Exchange Commission (the “SEC”);
              or (iii) the conduct of an underwriter, broker, dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of securities?

          

     

    Yes   ☐        No    ☐

     

    	2.	
            Are you subject to any court injunction or restraining order entered during the past five years that is related to any securities matter?

          

     

    
      	 	
              Yes   ☐

            	
              (If yes, please continue to Question 2.a)

            

    

     

    
      	 	
              No     ☐  

            	
              (If no, please continue to Question 3)

            

    

     

    	

          	a)	
             If your answer to Question 2 was “yes”, does the court injunction or restraining order currently restrain or enjoin you from engaging or continuing to engage in any conduct or practice related to: (i) the purchase or sale of any security;
              (ii) the making of any false filing with the SEC; or (iii) the conduct of an underwriter, broker, dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of securities?

          

     

    Yes   ☐        No    ☐

     

    
      3

      
        

    

    	3.	
            Are you subject to any final order1 of any governmental commission, authority, agency or officer2(2) related to any securities, insurance or banking matter?

          

     

    	

          	Yes   ☐	
             (If yes, please continue to Question 3.a)

          

     

    	

          	No    ☐	
             (If no, please continue to Question 4)

          

     

    	

          	a)	
            If your answer to Question 3 was “yes”:

          

     

    	

          	i)	
            Does the order currently bar you from: (i) associating with an entity regulated by such commission, authority, agency or officer; (ii) engaging in the business of securities, insurance or banking; or (iii) engaging in savings
              association or credit union activities?

          

     

    Yes  ☐         No   ☐

     

    	

          	ii)	
            Was the order (i) entered within the past ten years and (ii) based on a violation of any law or regulation that prohibits fraudulent, manipulative or deceptive conduct?

          

     

    Yes   ☐         No   ☐

     

    	4.	
            Are you subject to any SEC disciplinary order?3(3)

          

     

    	

          	Yes   ☐	
            (If yes, please continue to Question 4.a)

          

     

    	

          	No    ☐	
            (If no, please continue to Question 5)

          

     

    	

          	a)	
             If your answer to Question 4 was “yes”, does the order currently: (i) suspend or revoke your registration as a broker, dealer, municipal securities dealer or investment adviser; (ii) place limitations on your activities, functions or
              operations; or (iii) bar you from being associated with any particular entity or class of entities or from participating in the offering of any penny stock?

          

     

    	5.	
            Are you subject to any SEC cease and desist order entered within the past five years?

          

     

    	

          	Yes  ☐	
             (If yes, please continue to Question 5.a)

          

     

    	

          	No    ☐	
             (If no, please continue to Question 6)

          

     

    	

          	a)	
             If your answer to Question 5 was “yes”, does the order currently require you to cease and desist from committing or causing a violation or future violation of (i) any knowledge-based anti-fraud provision of the U.S. federal securities
              laws4 or (ii) Section 5 of the Securities Act?

          

     

    Yes   ☐          No   ☐

     

    
      

       

      

    

    1 A “final order” is defined under Rule 501(g) as a written directive or declaratory statement issued by a federal or state
      agency described in Rule 506(d)(1)(iii) under applicable statutory authority that provides for notice and an opportunity for a hearing, and that constitutes a final disposition or action by such federal or state agency.

    

    

    2 You may limit your response to final orders of: (i) state securities commissions (or state agencies/officers that perform a
      similar function); (ii) state authorities that supervise or examine banks, savings associations or credit unions; (iii) state insurance commissions (or state agencies/officers that perform a similar function); (iv) federal banking agencies; (v) the
      U.S. Commodity Futures Trading Commission; or (vi) the U.S. National Credit Union Administration.

     

    3 You may limit your response to disciplinary orders issued pursuant to Sections 15(b) or 15B(c) of the Exchange Act or Section
      203(e) or (f) of the Investment Advisers Act of 1940 (the “Advisers Act”).

    

    

    4 Including (but not limited to) Section 17(a)(1) of the Securities Act, Section 10(b) of the Exchange Act and Rule 10b-5
      thereunder, Section 15(c)(1) of the Exchange Act, and Section 206(1) of the Advisers Act or any other rule or regulation thereunder.

     

    

    
      4

      
        

    

    	6.	
            Have you been suspended or expelled from membership in, or suspended or barred from association with a member of, a registered national securities exchange or a registered national or affiliated securities
              association?

          

     

    	

          	Yes   ☐	
             (If yes, please describe the basis of any such suspension or expulsion and any related details in the space provided under Question 10 below)5

          

     

    	

          	No    ☐	
             (If no, please continue to Question 7)

          

     

    	7.	
            Have you registered a securities offering with the SEC, made an offering under Regulation A or been named as an underwriter in any registration statement or Regulation A offering statement filed with the SEC?

          

     

    	

          	Yes   ☐	
            (If yes, please continue to Question 7.a)

          

     

    	

          	No    ☐	
            (If no, please continue to Question 8)

          

     

    	

          	a)	
            If your answer to Question 7 was “yes”:

          

     

    	

          	i)	
            During the past five years, was any such registration statement or Regulation A offering statement the subject of a refusal order, stop order or order suspending the Regulation A exemption?

          

     

    Yes   ☐        No    ☐

     

    	

          	ii)	
            Is any such registration statement or Regulation A offering statement currently the subject of an investigation or proceeding to determine whether a stop order or suspension order should be issued?

          

     

    Yes   ☐         No    ☐

     

    	8.	
            Are you subject to a U.S. Postal Service false representation order entered within the past five years?

          

     

    Yes   ☐       No    ☐

     

    	9.	
            Are you currently subject to a temporary restraining order or preliminary injunction with respect to conduct alleged by the U.S. Postal Service to constitute a scheme or device for obtaining money or property
              through the mail by means of false representations?

          

     

    Yes   ☐       No    ☐

     

    	10.	
            In the space provided below, describe any facts or circumstances that caused you to answer “yes” to any Question (indicating the corresponding Question number).   Attach additional pages if necessary.

          

     

    	A.	
            FOR EXECUTION BY AN INDIVIDUAL:

          

     

    	 	
            By:

          	 

    	 	 	 
	 	
            Print Name:

          	 

    

    
      

    Date

    

    

    
      

     

    

    5 In providing additional information, please explain whether or not the suspension or expulsion resulted from “any act or
      omission to act constituting conduct inconsistent with just and equitable principles of trade.”

     

    

    
      5

      
        

    

    
      	
              B.

            	
              FOR EXECUTION BY AN ENTITY:

            

    

    

    

    	 	
            Entity Name:

          	 

    

    

    	 	
            By:

          	 

    

    

    	 	
            Print Name:

          	 

    

    

    	 	
            Title:

          	 

    	 	 	 
	 	
            Date

          	 

    

    

    	C.	
            ADDITIONAL SIGNATURES (if required by partnership, corporation or trust document):

          

    

    

    	 	
            Entity Name:

          	 

    

    

    	 	
            By:

          	 

    

    

    	 	
            Print Name:

          	 

    

    

    	 	
            Title:

          	 

    	 	 	 
	 	
            Date

          	 

    

    

    	 	
            Entity Name:

          	 

    

    

    	 	
            By:

          	 

    

    

    	 	
            Print Name:

          	 

    

    

    	 	
            Title:

          	 

    	 	 	 
	 	
            Date

          	 

    

    

    

    

     6Exhibit 4.14

     

   

    REGISTRATION RIGHTS AGREEMENT

     

    This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of June 24, 2020 by and among Better Choice Company Inc., a Delaware corporation (the “Company”),
      and the “Investors” named in the Subscription Agreement, dated June 24, 2020, by and among the Company and the Investors identified on the signature pages thereto (the “Subscription Agreement”).  Capitalized terms used herein have the
      respective meanings ascribed thereto in the Subscription Agreement unless otherwise defined herein.

     

    The parties hereby agree as follows:

     

    1.           Certain Definitions.

     

    As used in this Agreement, the following terms shall have the following meanings:

     

    “1933 Act” means the Securities Act of 1933, as amended, and all of the rules and regulations promulgated thereunder.

     

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

     

    “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 of Registrable Securities.  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).  With respect to any Person who is an individual, “Affiliates” shall also include,
      without limitation, any member of such individual’s Family Group.

     

    “Board” means the Board of Directors of the Company.

     

    “Brown” means The Edward J. Brown, Jr. Trust.

     

    “Business Day” means any day that is not a Saturday or Sunday or a legal holiday in the state in which the Company’s chief executive office is located or in New York, NY.

     

    “Capital Stock” means (i) with respect to any Person that is a corporation, any and all shares, interests or equivalents in capital stock of such
      corporation (whether voting or nonvoting and whether common or preferred) and (ii) with respect to any Person that is not a corporation, individual or governmental entity, any and all partnership, membership, limited liability company or other equity
      interests of such Person that confer on the holder thereof the right to receive a share of the profits and losses of, or the distribution of assets of, the issuing Person, including in each case any and all warrants, rights (including conversion and
      exchange rights) and options to purchase any of the foregoing.

     

    “Common Stock” means the common stock, par value $0.001 per share, of the Company.

     

    
      1

      
        

    

    “Conversion Price” means $0.75 per share.

     

    “Convertible Note Shares” means shares of Common Stock issuable upon conversion of the Convertible Notes at the Conversion Price.

     

    “Convertible Notes” means, collectively, the subordinated convertible promissory notes delivered to the Investors on the date hereof, which Convertible Notes shall bear interest at a rate of 10.0%
      per annum from the date of issue, payable quarterly in kind.

     

    “Family Group” means, with respect to a Person who is an individual, (i) such individual’s spouse and descendants (whether natural or adopted) (collectively, for
      purposes of this definition, “relatives”), (ii) such individual’s executor or personal representative, (iii) any trust, the trustee of which is such individual or such individual’s executor or personal representative and which at all times is
      and remains solely for the benefit of such individual and/or such individual’s relatives, (iv) any corporation, limited partnership, limited liability company or other tax flow-through entity the governing instruments of which provide that such
      individual or such individual’s executor or personal representative shall have the exclusive, nontransferable power to direct the management and policies of such entity and of which the sole record and beneficial owners of stock, partnership
      interests, membership interests or any other equity interests are limited to such individual, such individual’s relatives and/or the trusts described in clause (iii) above, and (v) any retirement plan for such individual.

     

    “FINRA” means the Financial Industry Regulatory Authority.

     

    “Investors” means the Investors identified in the Subscription Agreement and any Affiliate or permitted transferee of any such Investor who is a subsequent holder of
      Registrable Securities.

     

    “IPO Price” means the price at which the Common Stock was sold in the IPO.

     

    “JOBS Act” means The Jumpstart Our Business Startups Act of 2012, as amended, and the rules and regulations promulgated by the SEC thereunder.

     

    “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.

     

    “Prospectus” means (i) the prospectus included in any Registration Statement, as amended or supplemented by any prospectus supplement, with respect to the terms of the
      offering of any portion of the Registrable Securities covered by such Registration Statement and by all other amendments and supplements to the prospectus, including post-effective amendments and all material incorporated by reference in such
      prospectus, and (ii) any “free writing prospectus” as defined in Rule 405 under the 1933 Act.

     

    “Register,” “registered” and “registration” refer to a registration made by preparing and filing a Registration Statement or similar document in compliance with
      the 1933 Act, and the declaration or ordering of effectiveness of such Registration Statement or document.

     

    
      2

      
        

    

    “Registrable Securities” means (i) the Common Stock issuable upon the conversion of the Convertible Notes, (ii) the Common Stock issuable upon the exercise of the Warrants and
      (iii) any other shares of Common Stock issued pursuant to a stock split, as a dividend or other distribution with respect to, in exchange for or in replacement of the Convertible Note Shares or the Warrant Shares; provided, however,
      that any such Registrable Securities shall cease to be Registrable Securities (and the Company shall not be required to maintain the effectiveness of any, or file another, Registration Statement hereunder with respect thereto) upon the first to occur
      of (A) a Registration Statement with respect to the sale all of such Registrable Securities being declared effective by the SEC under the 1933 Act and such Registrable Securities having been disposed of or transferred by the holder thereof in
      accordance with such effective Registration Statement, (B) such Registrable Securities having been previously sold or transferred in accordance with Rule 144 (or another exemption from the registration requirements of the 1933 Act), (C) such
      securities becoming eligible for resale without volume or manner-of-sale restrictions and without current public information requirements pursuant to Rule 144 and (D) the third anniversary of this Agreement.

     

    “Registration Statement” means any registration statement of the Company under the 1933 Act that covers the resale of any of the Registrable Securities pursuant to the
      provisions of this Agreement, amendments and supplements to such Registration Statement, including post-effective amendments, all exhibits and all material incorporated by reference in such Registration Statement.

     

    “Required Investors” means the Investors holding a majority of the Registrable Securities outstanding from time to time.

     

    “Rule 144” means Rule 144 promulgated by the SEC pursuant to the 1933 Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted
      by the SEC having substantially the same effect as such Rule.

     

    “Rule 158” means Rule 158 promulgated by the SEC pursuant to the 1933 Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted
      by the SEC having substantially the same effect as such Rule.

     

    “Rule 172” means Rule 172 promulgated by the SEC pursuant to the 1933 Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted
      by the SEC having substantially the same effect as such Rule.

     

    “Rule 405” means Rule 405 promulgated by the SEC pursuant to the 1933 Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted
      by the SEC having substantially the same effect as such Rule.

     

    “Rule 415” means Rule 415 promulgated by the SEC pursuant to the 1933 Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted
      by the SEC having substantially the same effect as such Rule.

     

    “Rule 416” means Rule 416 promulgated by the SEC pursuant to the 1933 Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted
      by the SEC having substantially the same effect as such Rule.

     

    
      3

      
        

    

    “Rule 424” means Rule 424 promulgated by the SEC pursuant to the 1933 Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted
      by the SEC having substantially the same effect as such Rule.

     

    “Rule 430B” means Rule 430B promulgated by the SEC pursuant to the 1933 Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted
      by the SEC having substantially the same effect as such Rule.

     

    “SEC” means the U.S. Securities and Exchange Commission.

     

    “SEC Guidance” means (i) any publicly-available written or oral guidance of the SEC staff, or any comments, requirements or requests of the SEC staff and (ii) the 1933 Act.

     

    “Subsidiary” means, with respect to the Company, any corporation, limited liability company, partnership, association or other business entity of which (i) if a corporation, a
      majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by the
      Company or one or more of the other Subsidiaries of the Company or a combination thereof, or (ii) if a limited liability company, partnership, association or other business entity, a majority of the limited liability company, partnership or other
      similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by the Company or one or more Subsidiaries of the Company or a combination thereof.  For purposes hereof, a Person or Persons shall be deemed to have a
      majority ownership interest in a limited liability company, partnership, association or other business entity if such Person or Persons shall be allocated a majority of limited liability company, partnership, association or other business entity
      gains or losses or shall be or control the managing director or general partner of such limited liability company, partnership, association or other business entity.

     

    “Warrant Exercise Price” means $1.25 per share.

     

    “Warrant Shares” means the shares of Common Stock issuable upon exercise of the Warrants at the Warrant Exercise Price.

     

    “Warrants” means (i) the warrants to purchase Common Stock acquired by the Investors pursuant to the Subscription Agreement.

     

    “WKSI” means a “well-known seasoned issuer” as defined under Rule 405.

     

    “Word” means John M. Word, III.

     

    2.          Registration.

     

    (a)          Registration Statement.

     

    (i)          The Company shall take commercially reasonable efforts to prepare and file with the SEC one Registration Statement covering the resale of all of the Registrable Securities (a “Shelf
        Registration”) by December 31, 2021 (the “Filing Deadline”) which, for the avoidance of doubt, may also register the sale of primary securities.  Such Registration Statement also shall cover, to the extent allowable under the 1933 Act
      and the rules promulgated thereunder (including Rule 416), such indeterminate number of additional shares of Common Stock resulting from stock splits, stock dividends or similar transactions with respect to the Registrable Securities.  Upon request,
      such Registration Statement (and each amendment or supplement thereto, and each request for acceleration of effectiveness thereof) shall be provided to the Investors prior to its filing or other submission.

     

    
      4

      
        

    

    (ii)         The Company shall take commercially reasonable efforts to register the Registrable Securities on Form S-3 following the date such form is available for use by the
      Company, provided that if at such time the Registration Statement is on Form S-1, the Company shall maintain the effectiveness of the Registration Statement then in effect until such time as a Registration Statement on Form S-3 covering the
      Registrable Securities has been declared effective by the SEC.

     

    (b)          Effectiveness.

     

    (i)          The Company shall use best efforts to have the Registration Statements declared effective as soon as practicable.  The Company shall notify the Investors by facsimile
      or e-mail as promptly as practicable, and in any event, within forty-eight (48) hours, after (x) the SEC notified the Company that it has no further comments to the Registration Statement and (y) any Registration Statement is declared effective, and
      shall simultaneously provide the Investors with access to a copy of any related Prospectus to be used in connection with the sale or other disposition of the securities covered thereby.

     

    (ii)          Notwithstanding anything to the contrary contained herein, the Company may, upon written notice to any holder of Registrable Securities
      included in a Registration Statement, suspend the use of any Registration Statement, including any Prospectus that forms a part of a Registration Statement, if the Company (X) determines that it would be required to make disclosure of material
      information in the Registration Statement that the Company has a bona fide business purpose for preserving as confidential, (Y) the Company determines it must amend or supplement the Registration Statement or the related Prospectus so that such
      Registration Statement or Prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in the case of the Prospectus in light of the
      circumstances under which they were made, not misleading or (Z) the Company has experienced or is experiencing some other material non-public event, including a pending transaction involving the Company, the disclosure of which at such time, in the
      good faith judgment of the Company, would adversely affect the Company; provided, however, in no event shall holders of Registrable Securities be suspended from selling Registrable Securities pursuant to the Registration Statement for
      a period that exceeds 120 calendar days (which need not be consecutive) in any 360-day period (any such suspension contemplated by this Section 2(b)(ii), an “Allowed Delay”). Upon disclosure of such information or the termination of
      the condition described above, the Company shall provide prompt notice to holders whose Registrable Securities are included in the Registration Statement, and shall promptly terminate any suspension of sales it has put into effect and shall take such
      other reasonable actions to permit registered sales of Registrable Securities as contemplated hereby.

     

    
      5

      
        

    

    (c)          Rule 415; Cutback.  If at any time the SEC takes the position that the offering of some or all of the Registrable Securities in a
      Registration Statement is not eligible to be made on a delayed or continuous basis under the provisions of Rule 415 under the 1933 Act (provided, however, the Company shall be obligated to use commercially reasonable efforts to advocate with the SEC
      for the registration of all of the Registrable Securities in accordance with the SEC Guidance, including without limitation, Compliance and Disclosure Interpretation 612.09) or requires any Investor to be named as an “underwriter,” the Company shall
      (i) promptly notify each holder of Registrable Securities thereof and (ii) make commercially reasonable efforts to persuade the SEC that the offering contemplated by such Registration Statement is a valid secondary offering and not an offering “by or
      on behalf of the issuer” as defined in Rule 415 and that none of the Investors is an “underwriter.”  The Investors shall have the right to select one legal counsel, at the Company’s expense, designated by the holders of a majority of the Registrable
      Securities to review and oversee any registration or matters pursuant to this Section 2(c), including participation in any meetings or discussions with the SEC regarding the SEC’s position and to comment on any written submission made to the
      SEC with respect thereto.  No such written submission with respect to this matter shall be made to the SEC to which the Investors’ counsel reasonably objects.  In the event that, despite the Company’s commercially reasonable efforts and compliance
      with the terms of this Section 2(c), the SEC refuses to alter its position, the Company shall (i) remove from such Registration Statement such portion of the Registrable Securities (the “Cut Back Shares”) and/or (ii) agree to such
      restrictions and limitations on the registration and resale of the Registrable Securities as the SEC may require to assure the Company’s compliance with the requirements of Rule 415 (collectively, the “SEC Restrictions”); provided, however,
      that the Company shall not agree to name any Investor as an “underwriter” in such Registration Statement without the prior written consent of such Investor.  In the event of a cutback hereunder, the Company shall give the Investor prompt written
      notice along with the calculations as to such Investor’s allotment.  Any cut-back imposed on the Investors pursuant to this Section 2(c) shall be allocated among the Investors on a pro rata basis and shall be applied first to any of the
      Registrable Securities of such Investor as such Investor shall designate, unless the SEC Restrictions otherwise require or provide or the Investors otherwise agree.  In furtherance of the foregoing, each Investor shall provide the Company with prompt
      written notice of its sale of substantially all of the Registrable Securities under such Registration Statement such that the Company will be able to file one or more additional Registration Statements covering the Cut Back Shares.

     

    (d)          Other Limitations.  Notwithstanding any other provision herein or in the Subscription Agreement, (i) the Filing Deadline and each Effectiveness Deadline for a
      Registration Statement shall be extended and any Maintenance Failure shall be automatically waived by no action of the Investors, in each case, without default by the Company hereunder in the event that the Company’s failure to make such filing or
      obtain such effectiveness or a Maintenance Failure results from the failure of an Investor to timely provide the Company with information requested by the Company and necessary to complete a Registration Statement in accordance with the requirements
      of the 1933 Act (in which case any such deadline would be extended, and a Maintenance Failure waived, with respect to all Registrable Securities until such time as the Investor provides such requested information).

     

    (e)          JOBS ACT Submissions. For purposes of this Agreement, if the Company elects to confidentially submit a draft of the Registration Statement with the SEC pursuant
      to the JOBS Act, the date on which the Company makes such confidential submission will be deemed the initial filing date of such Registration Statement.

     

    
      6

      
        

    

    3.           Demand Registrations.

     

    (a)          Request for Registration.  Subject to the terms and conditions of this Agreement, in the event that the Company does not file with the
      SEC one Registration Statement covering the resale of all of the Registrable Securities by December 31, 2021, (i) Brown or (ii) Word may request on a single occasion registration under the 1933 Act of all of their Registrable Securities on Form S-1
      or any similar long-form registration (“Long-Form Registrations”), and may request registration under the 1933 Act of all of their Registrable Securities on Form S-3 (including pursuant to Rule 415) or any similar short-form Registration
      Statement including an automatic shelf registration statement (as defined in Rule 405) (an “Automatic Shelf Registration Statement”), if available to the Company (“Short-Form Registrations”).  All registrations requested pursuant to
      this Section 3(a) are referred to herein as “Demand Registrations”.  Each request for a Demand Registration shall specify the approximate number of Registrable Securities requested to be registered and the intended method of
      distribution.  Within five (5) days after receipt of any such request, the Company shall give written notice of the Demand Registration to all other holders of Registrable Securities and, subject to the terms of Section 3(b), shall include in
      such Demand Registration (and in all related registrations and qualifications under state blue sky laws and in any related underwriting) all Registrable Securities with respect to which the Company has received written requests for inclusion therein
      within five (5) days after the receipt of the Company’s notice; provided that, with the prior written consent of the holder of Registrable Securities initially requesting such registration (in each case, such consent not to be unreasonably
      withheld, conditioned or delayed), the Company may provide notice of the Demand Registration to all other holders of Registrable Securities within three (3) Business Days following the non-confidential filing of the Registration Statement with
      respect to the Demand Registration so long as such Registration Statement is not an Automatic Shelf Registration Statement.  Each holder of Registrable Securities agrees that such holder shall treat as confidential the receipt of the notice of Demand
      Registration and shall not disclose or use the information contained in such notice of Demand Registration without the prior written consent of the Company until such time as the information contained therein is or becomes available to the public
      generally, other than as a result of disclosure by the holder in breach of the terms of this Agreement.

     

    (b)         Priority on Demand Registrations.  The Company shall not include in any Demand Registration any securities which are not Registrable
      Securities.  If a Demand Registration is an underwritten offering and the managing underwriters advise the Company in writing that in their opinion the number of Registrable Securities and, if permitted hereunder, other securities requested to be
      included in such offering exceeds the number of Registrable Securities and other securities, if any, which can be sold therein without adversely affecting the marketability, proposed offering price, timing or method of distribution of the offering,
      the Company shall include in such offering prior to the inclusion of any securities which are not Registrable Securities, the number of Brown’s Registrable Securities and/or Word’s Registrable Securities requested to be included which, in the opinion
      of such underwriters, can be sold, without any such adverse effect, pro rata among the respective holders thereof on the basis of the amount of Registrable Securities owned by each such holder relative to the
      total number of Registrable Securities held by Brown and/or Word that is requesting to include Registrable Securities in such Demand Registration as of the date the Company provided written notice of the Demand Registration to the holders of
      Registrable Securities, without distinguishing between holders based on who initially requested such Demand Registration or otherwise.

     

    
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    (c)         Restrictions on Demand Registrations.  Any demand for the filing of a Registration Statement or for a registered offering hereunder
      will be subject to the constraints of any applicable lock-up arrangements, and any such demand must be deferred until such lock-up arrangements no longer apply.

     

    (i)          The Company shall not be obligated to effect any Demand Registration within 120 days after the effective date of a previous registration in which Registrable Securities were included
      pursuant to Sections 2 or 4. The Company may postpone, for up to 90 days from the date of the request (the “Suspension Period”), the filing or the effectiveness of a Registration Statement for a Demand Registration or suspend the use of a
      Prospectus that is part of any Shelf Registration (and therefore suspend sales of the Registrable Securities included therein) by providing written notice to the holders of Registrable Securities if the Company agrees that the offer or sale of
      Registrable Securities would reasonably be expected to have a material adverse effect on any proposal or plan by the Company to engage in any material acquisition or disposition of assets or stock (other than in the ordinary course of business) or
      any material merger, consolidation, tender offer, recapitalization, reorganization or similar transaction or would require the Company to disclose any material nonpublic information which would reasonably be likely to be detrimental to the Company
      and its Subsidiaries; provided that in such event, the holders of Registrable Securities initially requesting such Demand Registration shall be entitled to withdraw such request, and if such request is withdrawn, the Company shall pay all
      Registration Expenses in connection with such registration. The Company may, based on a good faith determination, delay or suspend the effectiveness of a Demand Registration pursuant to this Section 3(c)(i) only once in any twelve-month period;
      provided that, for the avoidance of doubt, the Company may in any event delay or suspend the effectiveness of Demand Registration in the case of an event described under Section 5(a)(ix) to enable it, based on a good faith determination, that such
      delay is necessary to comply with its obligations set forth in Section 5(a)(ix).

     

    (ii)          In the case of an event that causes the Company to suspend the use of any Shelf Registration as set forth in Section 3(c)(i) or pursuant to Section 5(a)(ix) (a “Suspension
        Event”), the Company shall give a notice to the holders of Registrable Securities registered pursuant to such Shelf Registration (a “Suspension Notice”) to suspend sales of the Registrable Securities and such notice shall state generally
      the basis for the notice and that such suspension shall continue only for so long as the Suspension Event or its effect is continuing.  A holder of Registrable Securities shall not effect any sales of the Registrable Securities pursuant to such Shelf
      Registration (or such filings) at any time after it has received a Suspension Notice from the Company and prior to receipt of an End of Suspension Notice (as defined below).  Each holder of Registrable Securities agrees that such holder shall treat
      as confidential the receipt of the Suspension Notice and shall not disclose or use the information contained in such Suspension Notice without the prior written consent of the Company until such time as the information contained therein is or becomes
      available to the public generally, other than as a result of disclosure by such holder in breach of the terms of this Agreement.  The holders of Registrable Securities may recommence effecting sales of the Registrable Securities pursuant to the Shelf
      Registration (or such filings) following further written notice to such effect (an “End of Suspension Notice”) from the Company, which End of Suspension Notice shall be given by the Company to the holders of Registrable Securities and to such
      holders’ counsel, if any, promptly following the conclusion of any Suspension Event.

     

    
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    (iii)         Notwithstanding any provision herein to the contrary, if the Company shall give a Suspension Notice with respect to any Shelf Registration pursuant to this Section 3(c), the
      Company agrees that it shall extend the period of time during which such Shelf Registration shall be maintained effective pursuant to this Agreement by the number of days during the period from the date of receipt by the holders of the Suspension
      Notice to and including the date of receipt by the holders of the End of Suspension Notice and provide copies of the supplemented or amended Prospectus necessary to resume sales, with respect to each Suspension Event; provided that such
      period of time shall not be extended beyond the date that Common Stock covered by such Shelf Registration are no longer Registrable Securities.

     

    (d)          Selection of Underwriters.  In connection with any Demand Registration, the holders of Registrable Securities initially requesting such registration shall have
      the right to select the investment banker(s) and manager(s) to administer the offering; provided that, in each case, the investment banker(s) and manager(s) selected must be reasonably satisfactory to the Board. In each case, the holders of
      Registrable Securities initially requesting such registration shall have the right to approve the underwriting arrangements with such investment banker(s) and manager(s) on behalf of all holders of Registrable Securities participating in such
      offering; provided that, in each case, the underwriting arrangements must be reasonably satisfactory to the Board.  The holders of Registrable Securities requesting such registration shall have the right to negotiate the agreements relating
      to the underwritten offering; provided that, in each case, the agreements must be reasonably satisfactory to the Board; provided, further, that any holder of Registrable Securities participating in the underwritten offering who did
      not initiate the offering shall have the right to review and comment on the agreements relating to the underwritten offering.

     

    (e)         Revocation of Demand Notice.  At any time prior to the effective date of the Registration Statement relating to a Demand Registration, the holders of Registrable
      Securities that requested such Demand Registration may revoke such request for a Demand Registration on behalf of all holders of Registrable Securities participating in such Demand Registration without liability to such holders of Registrable
      Securities, in each case by providing written notice to the Company.

     

    4.           Piggyback Registrations.

     

    (a)          Right to Piggyback.  Whenever the Company proposes to register any of its securities under the 1933 Act (other than (i) a registration pursuant to Section
        2(a), (ii) pursuant to a Demand Registration, in which case the ability of a holder of Registrable Securities to participate in such Demand Registration is addressed by Section 3(a), (iii) in connection with a registration the primary
      purpose of which is to register debt securities, or (iv) a registration on any form that does not include substantially the same information as would be required to be included in a Registration Statement covering the sale of Registrable Securities)
      and the registration form to be used may be used for the registration of Registrable Securities (a “Piggyback Registration”), the Company shall give prompt written notice (in any event within three (3) Business Days after its receipt of notice
      of any exercise of demand registration rights other than under this Agreement or, at any time after the Company becomes subject to the reporting requirements of the 1934 Act, within three (3) Business Days after the filing of the Registration
      Statement relating to the Piggyback Registration) to all holders of Registrable Securities of its intention to effect such Piggyback Registration and, subject to the terms of Section 4(c) and Section 4(d), shall include in such
      Piggyback Registration (and in all related registrations or qualifications under blue sky laws and in any related underwriting) all Registrable Securities with respect to which the Company has received written requests for inclusion therein within 20
      days after delivery of the Company’s notice; provided that any such other holder may withdraw its request for inclusion at any time prior to executing the underwriting agreement or, if none, prior to the applicable Registration Statement
      becoming effective.

     

    
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    (b)          Piggyback Expenses.  The Registration Expenses of the holders of Registrable Securities shall be paid by the Company in all Piggyback Registrations, whether or
      not any such registration became effective.

     

    (c)          Priority on Primary Registrations.  If a Piggyback Registration is an underwritten primary registration on behalf of the Company, and the managing
      underwriters advise the Company in writing that in their opinion the number of securities requested to be included in such registration exceeds the number which can be sold in such offering without adversely affecting the marketability, proposed
      offering price, timing or method of distribution of the offering, the Company shall include in such registration (i) first, the securities the Company proposes to sell, (ii) second, the number of Brown’s Registrable Securities and/or Word’s
      Registrable Securities requested to be included which, in the opinion of such underwriters, can be sold, without any such adverse effect, pro rata among the respective holders thereof on the basis of the amount of Registrable Securities owned by each
      such holder relative to the total number of Registrable Securities held by all such holders of Registrable Securities requesting to include Registrable Securities in such registration as of the date the Company provided written notice of the
      Piggyback Registration to the holders of Registrable Securities, and (iii) third, other securities requested to be included in such registration which, in the opinion of the underwriters, can be sold without any such adverse effect.

     

    (d)         Priority on Secondary Registrations.  If a Piggyback Registration is an underwritten secondary registration on behalf of holders of
      the Company’s securities (it being understood that Demand Registrations and Shelf Registrations by or on behalf of holders of Registrable Securities are addressed in Section 3 rather than in this Section 4(d)), and the managing
      underwriters advise the Company in writing that in their opinion the number of securities requested to be included in such registration exceeds the number which can be sold in such offering without adversely affecting the marketability, proposed
      offering price, timing or method of distribution of the offering, the Company shall include in such registration (i) first, the securities requested to be included therein by the holders initially requesting such registration and the number of
      Brown’s Registrable Securities and/or Word’s Registrable Securities requested to be included which, in the opinion of such underwriters, can be sold, without any such adverse effect, pro rata among the respective holders thereof on the basis of the
      amount of securities owned by each such holder relative to the total number of securities held by all such holders initially requesting such registration and holders of Brown’s Registrable Securities and Word’s Registrable Securities requesting to
      include Registrable Securities in such registration as of the date the Company provided written notice of the Piggyback Registration to the holders of Registrable Securities, and (ii) second, other securities requested to be included in such
      registration which, in the opinion of the underwriters, can be sold without any such adverse effect.

     

    
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    5.           Company Obligations.

     

    (a)          The Company shall use commercially reasonable efforts to effect the registration of the Registrable Securities in accordance with Sections
        2, 3 and 4, as applicable and pursuant thereto the Company shall, as expeditiously as possible:

     

    (i)          use commercially reasonable efforts to cause such Registration Statement to become effective and to remain continuously effective until such time as there are no longer Registrable
      Securities held by the Investors (the “Effectiveness Period”) and advise the Investors promptly in writing when the Effectiveness Period has expired;

     

    (ii)         prepare and file with the SEC such amendments and post-effective amendments to such Registration Statement and the related Prospectus as may be necessary to keep such Registration Statement
      effective for the Effectiveness Period and to comply with the provisions of the 1933 Act and the 1934 Act with respect to the distribution of all of the Registrable Securities covered thereby;

     

    (iii)        permit, upon request, any counsel designated by the Investors to review each Registration Statement and all amendments and supplements thereto prior to their filing with the SEC and shall
      use commercially reasonable efforts to reflect in such documents any comments as such counsel may reasonably propose;

     

    (iv)         furnish to each Investor whose Registrable Securities are included in any Registration Statement (i) promptly after the same is prepared and filed with the SEC, if requested by the
      Investor, one (1) copy of any Registration Statement and any amendment thereto, each preliminary prospectus and Prospectus and each amendment or supplement thereto, and each letter written by or on behalf of the Company to the SEC or the staff of the
      SEC, and each item of correspondence from the SEC or the staff of the SEC, in each case relating to such Registration Statement (other than any portion thereof which contains information for which the Company has sought confidential treatment), and
      (ii) such number of copies of a Prospectus, including a preliminary prospectus, and all amendments and supplements thereto and such other documents as each Investor may reasonably request in order to facilitate the disposition of the Registrable
      Securities owned by such Investor (it being understood and agreed that such documents, or access thereto, may be provided electronically);

     

    (v)         use commercially reasonable efforts to (i) prevent the issuance of any stop order or other suspension of effectiveness and, (ii) if such order is issued, obtain the withdrawal of any such
      order at the earliest possible moment;

     

    (vi)        prior to any public offering of Registrable Securities, use commercially reasonable efforts to assist or cooperate with the Investors and their counsel in
      connection with their registration or qualification of such Registrable Securities for the offer and sale under the securities or blue sky laws of such jurisdictions reasonably requested by the Investors; provided, however, that the
      Company shall not be required in connection therewith or as a condition thereto to (i) qualify to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 5(a)(vi), (ii) subject itself to
      general taxation in any jurisdiction where it would not otherwise be so subject but for this Section 5(a)(vi), or (iii) file a general consent to service of process in any such jurisdiction;

     

    
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    (vii)       use commercially reasonable efforts to cause all Registrable Securities covered by a Registration Statement to be listed on the primary securities exchange, interdealer quotation system or
      other market on which the Common Stock is then listed;

     

    (viii)      use commercially reasonable efforts to provide a transfer agent and registrar for all such
      Registrable Securities not later than the effective date of such Registration Statement;

     

    (ix)         notify each seller of such Registrable Securities (A) promptly
      after it receives notice thereof, of the date and time when such Registration Statement and each post-effective amendment thereto has become effective or a Prospectus or supplement to any Prospectus relating to a Registration Statement has been filed
      and when any registration or qualification has become effective under a state securities or blue sky law or any exemption thereunder has been obtained, (B) promptly after receipt thereof, of any request by the SEC for the
      amendment or supplementing of such Registration Statement or Prospectus or for additional information, and (C) at any time when a Prospectus relating thereto is required to be delivered under the 1933 Act, of the
      happening of any event as a result of which the Prospectus included in such Registration Statement contains an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements
      therein not misleading in light of the circumstances then existing, and, subject to Section 3(c), at the request of any such seller, the Company shall use commercially reasonable efforts to prepare a supplement or amendment to such Prospectus
      so that, as thereafter delivered to the purchasers of such Registrable Securities, such Prospectus shall not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the
      statements therein not misleading in light of the circumstances then existing;

     

    (x)          otherwise use commercially reasonable efforts to comply with all applicable rules and regulations of the SEC under the 1933 Act and the 1934 Act, including, without limitation, Rule 172
      under the 1933 Act, file any final Prospectus, including any supplement or amendment thereof, with the SEC pursuant to Rule 424 under the 1933 Act, promptly inform the Investors in writing if, at any time during the Effectiveness Period, the Company
      does not satisfy the conditions specified in Rule 172 and, as a result thereof, the Investors are required to deliver a Prospectus in connection with any disposition of Registrable Securities and take such other actions as may be reasonably necessary
      to facilitate the registration of the Registrable Securities hereunder;

     

    (xi)         take all reasonable actions to ensure that any “free-writing prospectus”, as defined in Rule 405, utilized in connection with any
      Demand Registration (including any Shelf Registration) or Piggyback Registration hereunder complies in all material respects with the 1933 Act, is filed in accordance with the 1933 Act to the extent required thereby, is retained in accordance with
      the 1933 Act to the extent required thereby and, when taken together with the related Prospectus, shall not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in light of the
      circumstances under which they were made, not misleading;

     

    
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    (xii)       with a view to making available to the Investors the benefits of Rule 144 (or its successor rule) and any other rule or regulation of the SEC that may at any time permit the Investors to
      sell shares of Common Stock to the public without registration, the Company covenants and agrees to: (i) make and keep public information available, as those terms are understood and defined in Rule 144, until the earlier of (A) six months after such
      date as all of the Registrable Securities may be sold without restriction by the holders thereof pursuant to Rule 144 or any other rule of similar effect or (B) such date as there are no longer Registrable Securities; (ii) file with the SEC in a
      timely manner all reports and other documents required of the Company under the 1934 Act; and (iii) furnish electronically to each Investor upon request, as long as such Investor owns any Registrable Securities, (A) a written statement by the Company
      that it has complied with the reporting requirements of the 1934 Act, (B) a copy of or electronic access to the Company’s most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q in which the Company has furnished its annual or
      quarterly financial statements, and (C) such other information as may be reasonably requested in order to avail such Investor of any rule or regulation of the SEC that permits the selling of any such Registrable Securities without registration;

     

    (xiii)      if requested by an Investor, cooperate with such Investor to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a
      transferee pursuant to an effective Registration Statement, which certificates shall be free, to the extent permitted by applicable law, of all restrictive legends, and to enable such certificates to be in such denominations and registered in such
      names as any such Investor may request.

     

    (xiv)      cooperate with the holders of Registrable Securities covered by the Registration Statement and the managing underwriter or agent, if any, to facilitate the timely preparation and delivery of
      certificates (not bearing any restrictive legends) representing securities to be sold under the Registration Statement and enable such securities to be in such denominations and registered in such names as the managing underwriter, or agent, if any,
      or such holders may request;

     

    (xv)       cooperate with each holder of Registrable Securities covered by the Registration Statement and each underwriter or agent participating in the disposition of such Registrable Securities and
      their respective counsel in connection with any filings required to be made with FINRA;

     

    (xvi)      use commercially reasonable efforts to make available the executive officers of the Company to participate with the holders of Registrable Securities and any underwriters in any “road shows”
      or other selling efforts that may be reasonably requested by the holders in connection with the methods of distribution for the Registrable Securities;

     

    (xvii)     use commercially reasonable efforts to obtain one or more comfort letters from the Company’s independent public accountants in customary form and covering such matters of the type customarily
      covered by comfort letters (including “negative assurance” comfort) as an Investor reasonably request;

     

    
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    (xviii)    in the case of any underwritten offering, use commercially reasonable efforts to provide a legal opinion of the Company’s outside counsel, dated the effective date of such Registration
      Statement, with respect to the Registration Statement, each amendment and supplement thereto, the Prospectus included therein (including the preliminary prospectus) and such other documents relating thereto in customary form and covering such matters
      of the type customarily covered by legal opinions of such nature, which opinion shall be addressed to the underwriters and the holders of such Registrable Securities;

     

    (xix)      if the Company files an Automatic Shelf Registration Statement covering any Registrable Securities, use commercially reasonable efforts to remain a WKSI (and not become an ineligible issuer
      (as defined in Rule 405)) during the period during which such Automatic Shelf Registration Statement is required to remain effective; and

     

    (xx)       if the Company does not pay the filing fee covering the Registrable Securities at the time an Automatic Shelf Registration Statement is filed, pay such fee at such time or times as the
      Registrable Securities are to be sold.

     

    (b)        The Company shall not undertake any voluntary act that could be reasonably expected to cause a violation or result in delay or suspension under Section (a)(ix). 
      During any Suspension Period, and as may be extended hereunder, the Company shall use commercially reasonable efforts to correct or update any disclosure causing the Company to provide notice of the Suspension Period and to file and cause to become
      effective or terminate the suspension of use or effectiveness, as the case may be, of the subject Registration Statement.

     

    (c)          If Brown and/or Halo seeks to effectuate an in-kind distribution of all or part of their respective Registrable Securities to their respective direct or indirect
      equityholders, the Company shall, subject to any applicable lock-ups, work with the foregoing persons to facilitate such in-kind distribution in the manner reasonably requested.

     

    6.          Due Diligence Review; Information.  If any Investor is required under applicable securities laws to be described in a Registration
      Statement as an “underwriter,” the Company shall, upon reasonable prior notice, make available, during normal business hours, for inspection and review by the Investors, advisors to and representatives of the Investors (who may or may not be
      affiliated with the Investors and who are reasonably acceptable to the Company) (collectively, the “Inspectors”), all pertinent financial and other records, and all other corporate documents and properties of the Company (collectively, the “Records”)
      as may be reasonably necessary for the purpose of such review, and cause the Company’s officers, directors and employees, within a reasonable time period, to supply all such information reasonably requested by the Inspectors (including, without
      limitation, in response to all questions and other inquiries reasonably made or submitted by any of them), prior to and from time to time after the filing and effectiveness of such Registration Statement for the sole purpose of enabling such Investor
      and its accountants and attorneys to conduct such due diligence solely for the purpose of establishing a due diligence defense to underwriter liability under the 1933 Act; provided, however, that each Inspector shall agree to hold in
      strict confidence and shall not make any disclosure (except to such Investor) or use of any Record or other information which the Company determines in good faith to be confidential, and of which determination the Inspectors are so notified, unless
      (a) the disclosure of such Records is necessary to avoid or correct a misstatement or omission in any Registration Statement or is otherwise required under the 1933 Act, (b) the release of such Records is ordered pursuant to a final, non-appealable
      subpoena or order from a court or government body of competent jurisdiction, or (c) the information in such Records has been made generally available to the public other than by disclosure in violation of this Section 6, the Subscription
      Agreement or any confidentiality agreement between the Company and each Investor. Each Investor agrees that it shall, upon learning that disclosure of such Records is sought in or by a court or governmental body of competent jurisdiction or through
      other means, give prompt notice to the Company and allow the Company, at its expense, to undertake appropriate action to prevent disclosure of, or to obtain a protective order for, the Records deemed confidential. Nothing herein (or in any other
      confidentiality agreement between the Company and any Investor) shall be deemed to limit the Investors’ ability to sell Registrable Securities in a manner which is otherwise consistent with applicable laws and regulations.

     

    
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    Notwithstanding the foregoing, the Company shall not disclose material nonpublic information to the Investors, or to advisors to or representatives of the Investors, unless prior
      to disclosure of such information the Company identifies such information as being material nonpublic information and provides the Investors, such advisors and representatives with the opportunity to accept or refuse to accept such material nonpublic
      information for review and any Investor wishing to obtain such information enters into an appropriate confidentiality agreement with the Company with respect thereto.

     

    7.           Obligations of the Investors.

     

    (a)          Each Investor shall execute and deliver a Selling Shareholder Questionnaire substantially in the form attached hereto as Exhibit A prior to the date hereof.  Each Investor shall additionally
      furnish in writing to the Company such other information regarding itself, the Registrable Securities held by it and the intended method of disposition of the Registrable Securities held by it, as shall be reasonably required to effect the
      registration of such Registrable Securities and shall execute such documents in connection with such registration as the Company may reasonably request.  At least three (3) Business Days prior to the first anticipated filing date of any Registration
      Statement, the Company shall notify each Investor of the additional information the Company requires from such Investor if such Investor elects to have any of the Registrable Securities included in such Registration Statement (the “Registration
        Information Notice”).  An Investor shall provide such information to the Company no later than two (2) Business Days following receipt of a Registration Information Notice if such Investor elects to have any of the Registrable Securities
      included in such Registration Statement. It is agreed and understood that it shall be a condition precedent to the obligations of the Company to complete the registration pursuant to this Agreement with respect to the Registrable Securities of a
      particular Investor that (i) such Investor furnish to the Company such information regarding itself, the Registrable Securities held by it and the intended method of disposition of the Registrable Securities held by it as shall be reasonably required
      to effect the effectiveness of the registration of such Registrable Securities, and (ii) the Investor execute such documents in connection with such registration as the Company may reasonably request, including, without limitation, a waiver of its
      registration rights hereunder to the extent an Investor elects not to have any of its Registrable Securities included in a Registration Statement.

     

    
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    (b)         Each Investor, by its acceptance of the Registrable Securities, agrees to cooperate with the Company as reasonably requested by the Company in connection with the
      preparation and filing of a Registration Statement hereunder, unless such Investor has notified the Company in writing of its election to exclude all of its Registrable Securities from such Registration Statement.

     

    (c)         Each Investor agrees that, upon receipt of any notice from the Company of either (i) the commencement of an Allowed Delay pursuant to Section 22(b)2(b)(ii) or
      (ii) the happening of an event pursuant to Section 5(a)(ix) hereof, such Investor will immediately discontinue disposition of Registrable Securities pursuant to any Registration Statement covering such Registrable Securities, until the
      Investor is advised by the Company that such dispositions may again be made.

     

    (d)          Each Investor covenants and agrees that it will comply with the Prospectus delivery requirements of the 1933 Act as applicable to it or an exemption therefrom in
      connection with sales of Registrable Securities pursuant to any Registration Statement.

     

    8.          Registration Expenses.

     

    (a)          The Company’s Obligation.  All expenses incident to the Company’s performance of or compliance with this Agreement (including, without limitation, all
      registration, qualification and filing fees, fees and expenses of compliance with securities or blue sky laws, printing expenses, messenger and delivery expenses, fees and disbursements of custodians, and fees and disbursements of counsel for the
      Company and all independent certified public accountants, underwriters (excluding underwriting discounts and commissions) and other Persons retained by the Company) (all such expenses being herein called “Registration Expenses”), shall be
      borne by the Company, and, for the avoidance of doubt, the Company shall pay its internal expenses (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any
      annual audit or quarterly review, the expense of any liability insurance and the expenses and fees for listing the securities to be registered on each securities exchange on which similar securities issued by the Company are then listed.  Each Person
      that sells securities pursuant to a Demand Registration or Piggyback Registration hereunder shall bear and pay all underwriting discounts and commissions and transfer taxes applicable to the securities sold for such Person’s account.

     

    (b)        Counsel Fees and Disbursements.  Subject to a cap of $50,000 in the aggregate (the “Expense Cap”), in connection with each Demand Registration, each
      Piggyback Registration that is an underwritten offering in which Brown and/or Word participate, the Company shall reimburse each of Brown and/or Word (as applicable) participating in such registration for the reasonable fees and disbursements of one
      separate counsel and one separate local counsel (if necessary) chosen by Brown and Word (as applicable).  In connection with each registration in which neither Brown nor Word participates, the Company shall reimburse the holders of Registrable
      Securities included in such registration for the reasonable fees and disbursements of one counsel and one local counsel (if necessary) chosen by the holders of a majority of the Registrable Securities included in such registration for the purpose of
      rendering a legal opinion on behalf of such holders in connection with any underwritten Demand Registration or Piggyback Registration.

     

    
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    (c)         Security Holders.  To the extent Registration Expenses are not required to be paid by the Company, each holder of securities included in any registration
      hereunder shall pay those Registration Expenses allocable to the registration of such holder’s securities so included, and any Registration Expenses not so allocable shall be borne by all sellers of securities included in such registration in
      proportion to the aggregate selling price of the securities to be so registered.

     

    9.          Indemnification.

     

    (a)          Indemnification by the Company.  The Company will indemnify and hold harmless each Investor and its officers, directors, members, employees and agents, successors
      and assigns, and each other person, if any, who controls such Investor within the meaning of the 1933 Act, against any losses, claims, damages or liabilities, joint or several, to which they may become subject under the 1933 Act or otherwise, insofar
      as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement or omission or alleged omission of any material fact contained in any Registration
      Statement, any preliminary Prospectus or final Prospectus, or any amendment or supplement thereof; provided, however, that the Company will not be liable in any such case if and to the extent that any such loss, claim, damage or
      liability arises out of or is based upon (i) an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished by such Investor or any such controlling person in writing specifically for
      use in such Registration Statement or Prospectus, (ii) the use by an Investor of an outdated or defective Prospectus after the Company has notified such Investor in writing that such Prospectus is outdated or defective or (iii) an Investor’s failure
      to send or give a copy of the Prospectus or supplement (as then amended or supplemented), if required (and not exempted) to the Persons asserting an untrue statement or omission or alleged untrue statement or omission at or prior to the written
      confirmation of the sale of Registrable Securities.

     

    (b)         Indemnification by the Investors.  Each Investor agrees, severally but not jointly, to indemnify and hold harmless, to the fullest extent permitted by law, the
      Company, its directors, officers, employees, stockholders and each person who controls the Company (within the meaning of the 1933 Act) against any losses, claims, damages, liabilities and expense (including reasonable attorney fees) resulting from
      any untrue statement of a material fact or any omission of a material fact required to be stated in any Registration Statement or Prospectus or preliminary Prospectus or amendment or supplement thereto or necessary to make the statements therein not
      misleading, to the extent, but only to the extent, that such untrue statement or omission is contained in any information regarding such Investor and furnished in writing by such Investor to the Company specifically for inclusion in such Registration
      Statement or Prospectus or amendment or supplement thereto.  In no event shall the liability of an Investor be greater than the dollar amount of the proceeds received by such Investor upon the sale of the Registrable Securities included in such
      Registration Statement giving rise to such indemnification obligation.

     

    
      17

      
        

    

    (c)          Conduct of Indemnification Proceedings.  Any person entitled to indemnification hereunder shall (i) give prompt notice to the indemnifying party of any claim with
      respect to which it seeks indemnification and (ii) permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party; provided, that any person entitled to indemnification
      hereunder shall have the right to employ separate counsel and to participate in the defense of such claim, but the fees and expenses of such counsel shall be at the expense of such person unless (A) the indemnifying party has agreed to pay such fees
      or expenses, (B) the indemnifying party shall have failed to assume the defense of such claim and employ counsel reasonably satisfactory to such person or (C) in the reasonable judgment of any such person, based upon written advice of its counsel, a
      conflict of interest exists between such person and the indemnifying party with respect to such claims (in which case, if the person notifies the indemnifying party in writing that such person elects to employ separate counsel at the expense of the
      indemnifying party, the indemnifying party shall not have the right to assume the defense of such claim on behalf of such person); and provided, further that the failure of any indemnified party to give notice as provided herein shall
      not relieve the indemnifying party of its obligations hereunder, except to the extent that such failure to give notice shall materially adversely affect the indemnifying party in the defense of any such claim or litigation.  It is understood that the
      indemnifying party shall not, in connection with any proceeding in the same jurisdiction, be liable for fees or expenses of more than one separate firm of attorneys at any time for all such indemnified parties.  No indemnifying party will, except
      with the consent of the indemnified party, which shall not be unreasonably withheld or conditioned, consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or
      plaintiff to such indemnified party of a release from all liability in respect of such claim or litigation.

     

    (d)         Contribution.  If for any reason the indemnification provided for in the preceding paragraphs (a) and (b) is unavailable to an
      indemnified party or insufficient to hold it harmless, other than as expressly specified therein, then the indemnifying party shall contribute to the amount paid or payable by the indemnified party as a result of such loss, claim, damage or liability
      in such proportion as is appropriate to reflect the relative fault of the indemnified party and the indemnifying party, as well as any other relevant equitable considerations.  No person guilty of fraudulent misrepresentation within the meaning of
      Section 11(f) of the 1933 Act shall be entitled to contribution from any person not guilty of such fraudulent misrepresentation.  In no event shall the contribution obligation of a holder of Registrable Securities be greater in amount than the dollar
      amount of the proceeds received by it upon the sale of the Registrable Securities giving rise to such contribution obligation.

     

    (e)          Release.  No indemnifying party shall, except with the consent of the indemnified party, consent to the entry of any judgment or enter into any settlement that
      does not include as an unconditional term thereof a release of such indemnified party by the claimant or plaintiff from all liability in respect to such claim or litigation.

     

    (f)          Non-exclusive Remedy; Survival.  The indemnification and contribution provided for under this Agreement shall be in addition to any other rights to
      indemnification or contribution that any indemnified party may have pursuant to law or contract and 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 Registrable Securities and the termination or expiration of this Agreement.

     

    
      18

      
        

    

    10.         Miscellaneous.

     

    (a)          Amendments and Waivers.  This Agreement may be amended only by a writing signed by the Company and the Required Investors. The Company may take any action herein prohibited, or omit
      to perform any act herein required to be performed by it, only if the Company shall have obtained the written consent to such amendment, action or omission to act, of the Required Investors. Notwithstanding the foregoing, this Agreement may not be
      amended and the observance of any term hereof may not be waived with respect to any Investor without the written consent of such Investor, unless such amendment or waiver applies to all Investors in the same fashion.

     

    (b)          Notices.  All notices and other communications provided for or permitted hereunder shall be made as set forth in Section 8(c) of the Subscription Agreement.

     

    (c)          Assignments and Transfers by Investors.  The provisions of this Agreement shall be binding upon and inure to the benefit of the Investors and their respective
      successors and assigns.  An Investor may transfer or assign, in whole or from time to time in part, to one or more persons its rights hereunder in connection with the transfer of Registrable Securities by such Investor to such person, provided that
      (i) the Investor agrees in writing with the transferee or assignee to assign such rights and a copy of such agreement is furnished to the Company within a reasonable time after such assignment; (ii) the Company is, within a reasonable time after such
      transfer or assignment, furnished with written notice of (A) the name and address of such transferee or assignee and (B) the securities with respect to which such registration rights are being transferred or assigned; (iii) immediately following such
      transfer or assignment the further disposition of such securities by the transferee or assignee is restricted under the 1933 Act or applicable state securities laws; (iv) at or before the time the Company receives the written notice contemplated by
      clause (ii) of this sentence the transferee or assignee agrees in writing with the Company to be bound by all of the provisions contained herein and (v) such transfer shall have been made in accordance with the applicable requirements of the
      Subscription Agreement.

     

    (d)          Assignments and Transfers by the Company.  This Agreement may not be assigned by the Company (whether by operation of law or otherwise) without the prior written
      consent of the Required Investors, provided, however, that in the event that the Company is a party to a merger, consolidation, share exchange or similar business combination transaction in which the shares of Common Stock are
      converted into the equity securities of another Person, from and after the effective time of such transaction, such Person shall, by virtue of such transaction, be deemed to have assumed the obligations of the Company hereunder, the term “Company”
      shall be deemed to refer to such Person and the term “Registrable Securities” shall be deemed to include the securities received by the Investors in connection with such transaction unless such securities are otherwise freely tradable by the
      Investors after giving effect to such transaction.

     

    (e)          Benefits of the Agreement.  The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective permitted successors and
      assigns of the parties.  Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason
      of this Agreement, except as expressly provided in this Agreement.

     

    
      19

      
        

    

    (f)          Counterparts; Faxes.  This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the
      same instrument.  This Agreement may also be executed via facsimile or e-mail, which shall be deemed an original.

     

    (g)          Titles and Subtitles.  The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement.

     

    (h)          Severability.  Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition
      or unenforceability without invalidating the remaining provisions hereof but shall be interpreted as if it were written so as to be enforceable to the maximum extent permitted by applicable law, and any such prohibition or unenforceability in any
      jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. To the extent permitted by applicable law, the parties hereby waive any provision of law which renders any provisions hereof prohibited or
      unenforceable in any respect.

     

    (i)          Further Assurances.  The parties shall execute and deliver all such further instruments and documents and take all such other actions as may reasonably be required to carry out the
      transactions contemplated hereby and to evidence the fulfillment of the agreements herein contained.

     

    (j)          Entire Agreement.  This Agreement is intended by the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and
      understanding of the parties hereto in respect of the subject matter contained herein.  This Agreement supersedes all prior agreements and understandings between the parties with respect to such subject matter.

     

    (k)          Governing Law; Consent to Jurisdiction; Waiver of Jury Trial.  This Agreement shall be governed by, and construed in accordance with, the internal laws of the State of New York
      without regard to the choice of law principles thereof (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York.  In furtherance of the foregoing,
      the internal law of the State of New York shall control the interpretation and construction of this Agreement (and all schedules and exhibits hereto), even though under that jurisdiction’s choice of law or conflict of law analysis, the substantive
      law of some other jurisdiction would ordinarily apply.  Each of the parties hereto irrevocably submits to the exclusive jurisdiction of the courts of the State of New York located in New York County and the United States District Court for the
      Southern District of New York for the purpose of any suit, action, proceeding or judgment relating to or arising out of this Agreement and the transactions contemplated hereby. Service of process in connection with any such suit, action or proceeding
      may be served on each party hereto anywhere in the world by the same methods as are specified for the giving of notices under this Agreement. Each of the parties hereto irrevocably consents to the jurisdiction of any such court in any such suit,
      action or proceeding and to the laying of venue in such court. Each party hereto irrevocably waives any objection to the laying of venue of any such suit, action or proceeding brought in such courts and irrevocably waives any claim that any such
      suit, action or proceeding brought in any such court has been brought in an inconvenient forum. EACH OF THE PARTIES HERETO WAIVES ANY RIGHT TO REQUEST A TRIAL BY JURY IN ANY LITIGATION WITH RESPECT TO THIS AGREEMENT AND REPRESENTS THAT COUNSEL HAS
      BEEN CONSULTED SPECIFICALLY AS TO THIS WAIVER.

     

    
      20

      
        

    

    (l)         Filing Restrictions.  The Company will register the resale of Registrable Securities representing Cut Back Shares on an effective
      Registration Statement prior to or concurrent with registering the resale of its securities by a selling security holder not holding Registrable Securities; provided, however, that this Section 10(l) shall not apply to
      Registrable Securities representing Cut Back Shares that were excluded from any such Registration Statement on account of the failure of a holder of such Registrable Securities to comply with the provisions hereof, including, but not limited to, the
      requirement of a holder to provide information required to be included in a Registration Statement.

     

    (m)         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.

     

    [remainder of page intentionally left blank]

     

    
      21

      
        

    

    IN WITNESS WHEREOF, the parties have executed this Agreement or caused their duly authorized officers to execute this Agreement as of the date first above written.

     

    	
            COMPANY:

          	
            BETTER CHOICE COMPANY INC.

          
	 	 
	 	
            By:

          	
            

               

          
	 	 	
            Name: Werner von Pein

          
	 	 	
            Title:   Chief Executive Officer

          

     

       

    
      [Signature Page to Registration Rights Agreement]

    

     

       

    
      
        

    

    IN WITNESS WHEREOF, the parties have executed this Agreement or caused their duly authorized officers to execute this Agreement as of the date first above written.

    

       

    	 	
            The Edward J. Brown, Jr. Trust

          
	 	 
	 	
            By:

          	
            

               

          
	 	 	
            Name: Edward J. Brown, Jr.

          
	 	 	
            Title:   Trustee

          

    

       

    	 	
            JOHN M. WORD, III

              

                 

              

               

          	 

     

       

    
      [Signature Page to Registration Rights Agreement]

    

     

       

    
      
        

    

    
    EXHIBIT A

    

       

    Selling Shareholder Questionnaire

    

       

    	1.	
            Name:

          

     

    (a)          Full legal name of the Shareholder:

    	 	 
	 	 
	 	 

    

       

    
      (b)        Address for Notices to the Shareholder:

    

    	 	 
	 	 
	 	 

    

       

    	 	
            Email: 

               

          	 	 

    

       

    	 	
            Telephone, including area code:

          	 	 

    

       

    	 	
            Fax, including area code: 

               

          	 	 

    

       

    	 	
            Contact Person: 

               

          	 	 
	 	 

    (b)        Full legal name of the registered holder (if not the same as Item 1(a) above) through which the Shares listed in Item 2 below are held:

    	 	 
	 	 
	 	 

    

       

    (c)        Full legal name of any natural control person (which means a natural person who directly or indirectly alone or with others has power to vote or dispose of the Shares
      listed in Item 2 below):

    	 	 
	 	 
	 	 

    

       

    
      1

      
        

    

    	2.	
            Beneficial Ownership of Shares:

          

     

    (a)        Type and number of Shares beneficially owned:

     

    	 	 
	 	 
	 	 

     

    (b)        Number of Shares to be registered for resale pursuant to this Questionnaire:

     

    	 	 
	 	 
	 	 

     

    	3.	
            Broker-Dealer Status:

          

     

    (a)          Are you a broker-dealer?

    Yes ☐          No ☐

    

       

    (b)          If you answered “yes” to Item 3(a) above, did you receive your Shares as compensation for investment banking services provided to the Company?

    Yes ☐          No ☐

    Note:          If you answered “no,” the SEC’s staff has indicated that you
          should be identified as an underwriter in the Resale Registration Statement.

    

       

    (c)          Are you an affiliate of a broker-dealer?

    Yes ☐          No ☐

    

       

    If you answered “yes,” provide a narrative explanation below:

    	 	 
	 	 
	 	 

    

       

    (d)         If you are an affiliate of a broker-dealer, do you certify that you bought the Shares in the ordinary course of business, and at the time of the purchase of the Shares to
      be resold, you had no agreements or understandings, directly or indirectly, with any person to distribute the Shares?

    Yes ☐          No ☐

    Note:          If you answered “no,” the SEC’s staff has indicated that you
          should be identified as an underwriter in the Resale Registration Statement.

    

       

    
      2

      
        

    

    	4.	
            Beneficial Ownership of Other Securities of the Company Owned by the Shareholder:

          

    

       

    Except as set forth below in this Item 4, the undersigned is not the beneficial or registered owner of any securities of the Company, other than the Shares listed above in Item 2.

    Type and amount of other securities beneficially owned:

    	 	 
	 	 
	 	 

    

       

    	5.	
            Relationships with the Company:

          

     

    (a)        Have you or any of your affiliates, officers, directors or principal equity holders (owners of 5% or more of the equity securities of the undersigned) held any position or
      office or have you had any other material relationship with the Company (or its predecessors or affiliates) within the past three years?

    Yes ☐          No ☐

    

       

    (b)         If your response to Item 5(a) above is “yes,” please state the nature and duration of your relationship with the Company:

    	 	 
	 	 
	 	 

    

       

    The undersigned agrees to promptly notify the Company of any inaccuracies or changes in the information provided herein that may occur subsequent to the date hereof and prior to the
      effective date of any applicable Resale Registration Statement.  All notices hereunder shall be delivered as set forth in the applicable Registration Rights Agreement to which the undersigned is a party.  In the absence of any such notification, the
      Company shall be entitled to continue to rely on the accuracy of the information in this Questionnaire.

    

       

    By signing below, the undersigned consents to the disclosure of the information contained herein in its answers to Items 1 through 5 above and the inclusion of such information in
      the Resale Registration Statement and the Prospectus.  The undersigned understands that such information will be relied upon by the Company in connection with the preparation or amendment of any such Resale Registration Statement and Prospectus.

    

       

    By signing below, the undersigned acknowledges that it understands its obligation to comply, and agrees that it will comply, with the provisions of the Exchange Act of 1934, as
      amended, and the rules and regulations thereunder, particularly Regulation M in connection with any offering of Shares pursuant to the Resale Registration Statement.  The undersigned also acknowledges that it understands that the answers to this
      Questionnaire are furnished for use in connection with registration statements filed pursuant to the applicable Registration Rights Agreement and any amendments or supplements thereto filed with the SEC pursuant to the Securities Act.

    

       

    The undersigned confirms that, to the best of his/her knowledge and belief, the foregoing answers to this Questionnaire are correct.

    

       

    
      3

      
        

    

    IN WITNESS WHEREOF, the undersigned, by authority duly given, has caused this Questionnaire to be executed and delivered either in person or by its duly authorized agent.

    Dated:  _____________________

    

       

    	 	
            Beneficial Owner:

          
	 	
            

               

          
	 	
            Name of Entity

          
	 	 
	 	
            By:

          	 

    	 	
            Name: 

               

          	 

    	 	
            Title: 

               

          	 

    

       

    PLEASE RETURN THE COMPLETED AND EXECUTED QUESTIONNAIRE:

    

       

    (1) by email to:

    Meister Seelig & Fein LLP

    125 Park Avenue, 7th Floor

    New York, NY 10017

    Attention: Louis Lombardo

    Telephone: (212) 655-3518

    Email: ll@msf-law.com

    

       

    and (2) return the original, executed notice and questionnaire to the same at the address above.

    

       

    

       

  

  
    4

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