Document:

Exhibit 10.1

 

VOTING AGREEMENT

 

In consideration of
INTRINSYC TECHNOLOGIES CORPORATION (the “Company”) entering into an arrangement agreement dated the date
hereof (the “Arrangement Agreement”) with LANTRONIX, INC. (the “Purchaser”), providing
for an arrangement involving the Company and the Purchaser pursuant to Section 192 of the Canada Business Corporations Act
(the “Transaction”), this voting agreement (the “Agreement”) dated as of October 30, 2019
sets out the terms on which __________________________ (the “Securityholder”) undertakes to take certain actions
and do certain things to support the Transaction.

 

WHEREAS the
Company is proposing to hold the Company Meeting to approve, inter alia, (i) the direct or indirect acquisition of all of
the issued and outstanding common shares of the Company by the Purchaser by way of the Transaction, and (ii) such other ancillary
matters as the Board may deem necessary in order to give effect to the Transaction;

 

AND WHEREAS
the Securityholder wishes to support the Transaction subject to the terms and conditions contained herein;

 

AND WHEREAS
the Parties have agreed to enter into this Agreement to provide for the support by the Securityholder of the Transaction;

NOW THEREFORE this Agreement witnesses
that, in consideration of the premises and the covenants and agreement herein contained and other good and valuable consideration,
the receipt and sufficiency of which is acknowledged, the Parties hereto agree as follows:

 

Article 1

INTERPRETATION

 

Section 1.1            Defined Terms.

 

		(1)	Capitalized terms used herein and not otherwise defined shall have the respective meanings ascribed
thereto in the Arrangement Agreement.

 

		(2)	The Securityholder and the Purchaser are collectively referred to as the “Parties”
and each a “Party”.

 

		(3)	“Board” means the board of directors of the Company.

 

		(4)	“Relevant Securities” means the Company Shares, Company Options and Company
RSUs, listed on Schedule “A”, and any Company Shares acquired by the Securityholder or any affiliate of the Securityholder
subsequent to the date hereof but on or prior to the record date in respect of the Company Meeting (as the same may be changed
in accordance with the Arrangement Agreement) including from the conversion or exercise of Company Options and Company RSUs.

 

		Section 1.2	Certain Rules of Interpretation.

 

In this Agreement, unless
otherwise specified:

 

		(1)	Headings, etc. The division of this Agreement into Articles and Sections and the insertion
of headings are for convenient reference only and do not affect the construction or interpretation of this Agreement.

 

		(2)	Gender and Number. Any reference to gender includes all genders. Words importing the singular
number only include the plural and vice versa.

 

		(3)	Certain Phrases, etc. The words (i) “including”, “includes”
and “include” mean “including (or includes or include) without limitation,” and (ii) unless stated
otherwise, “Article”, “Section”, and “Schedule” followed by a number or letter mean and
refer to the specified Article or Section of or Schedule to this Agreement.

 

 

 

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		(4)	References to Persons and Agreements. Any reference to a Person includes its heirs, administrators,
executors, legal personal representatives, successors and permitted assigns. The term “Agreement” and any
reference in this Agreement to this Agreement or any other agreement or document includes, and is a reference to, this Agreement
or such other agreement or document as it may have been, or may from time to time be amended, restated, replaced, supplemented
or novated and includes all schedules to it.

 

		(5)	Computation of Time. If the date on which any action is required or permitted to be taken
under this Agreement is not a Business Day, such action shall be required or permitted to be taken before 4:30 p.m. on the next
succeeding day which is a Business Day.

 

		(6)	Time References. References to time are to local time, Vancouver, British Columbia.

 

		Section 1.3	Schedule.

 

The schedule attached
to this Agreement forms an integral part of this Agreement for all purposes of it.

 

Article 2

REPRESENTATIONS AND WARRANTIES

 

Section 2.1            Representations and Warranties of Securityholder.

 

		(1)	The Securityholder hereby represents and warrants to the Purchaser (and acknowledges that the Purchaser
is relying upon such representations and warranties) that:

 

		(a)	the Securityholder is the registered and/or beneficial owner of,
or exercises control or direction over, all of the Relevant Securities listed in Schedule “A”;

 

		(b)	other than the Relevant Securities, the Securityholder does not own (as registered owner or beneficial
owner), or exercise control or direction over, any Company Shares or any options, warrants or other rights to acquire any additional
Company Shares or any security exercisable for or convertible into Company Shares;

 

		(c)	except pursuant hereto, no Person has any agreement or option, or any right or privilege (whether
by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase, acquisition or transfer of any
of the Relevant Securities, or any interest therein or right thereto, and none of the Relevant Securities are subject to any proxy,
voting trust, vote pooling or other agreement with respect to the right to vote the Relevant Securities, call meetings of holders
of the Company Shares or give consents or approvals of any kind;

 

		(d)	the Securityholder has the full authority and capacity to vote or direct the voting of the Relevant
Securities and to give or cause to be given a proxy for the Relevant Securities in connection with the Company Meeting;

 

		(e)	this Agreement has been duly executed and delivered by the Securityholder and constitutes a legal,
valid and binding obligation of the Securityholder, enforceable in accordance with its terms, subject to laws of general application
and bankruptcy, insolvency and other similar laws affecting creditors’ rights generally and general principles of equity;

 

		(f)	the execution and delivery of this Agreement by the Securityholder and the performance by the Securityholder
of its obligations contemplated herein do not and will not constitute a default, violation or breach under any contract, commitment,
agreement, arrangement, understanding or restriction to which the Securityholder is a party or by which it is bound, except such
violations, conflicts, defaults or breaches which could not, individually or in the aggregate, impair the ability of the Securityholder
to perform its obligations under this Agreement; and

 

 

 

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		(g)	to the actual knowledge of the Securityholder, there is no proceeding, claim or investigation pending
before any Governmental Entity, or threatened against the Securityholder or any properties of the Securityholder that, individually
or in the aggregate, could reasonably be expected to have an adverse effect on the Securityholder’s ability to execute and
deliver this Agreement and to perform his or her its obligations contemplated by this Agreement.

 

Section 2.2            Representations and Warranties of the Purchaser.

 

		(1)	The Purchaser hereby represents and warrants to the Securityholder (and acknowledges that the Securityholder
is relying upon such representations and warranties) that:

 

		(a)	it is a corporation duly incorporated, validly existing and in good standing under the laws of
its jurisdiction of incorporation;

 

		(b)	it has all necessary corporate power and authority to execute and deliver this Agreement;

 

		(c)	this Agreement has been duly executed and delivered by the Purchaser, and constitutes a legal,
valid and binding obligation of the Purchaser, enforceable in accordance with its terms, subject to laws of general application
and bankruptcy, insolvency and other similar laws affecting creditors’ rights generally and general principles of equity;

 

		(d)	the execution and delivery of and performance by the Purchaser of this Agreement does not and will
not constitute a default, violation or breach under any contract, commitment, agreement, arrangement, understanding or restriction
to which it is a party or by which it is bound, except such violations, conflicts, defaults or breaches which could not, individually
or in the aggregate, impair the ability of the Purchaser to perform its obligations under this Agreement; and

 

		(e)	to the actual knowledge of the Purchaser, there is no proceeding, claim or investigation pending
before any Governmental Entity, or threatened against the Purchaser that, individually or in the aggregate, could reasonably be
expected to have an adverse effect on the ability of the Purchaser to execute and deliver this Agreement and to perform its obligations
contemplated by this Agreement.

 

Article 3

SECURITYHOLDER COVENANTS

 

Section 3.1            Transfer of Relevant Securities.

 

		(1)	The Securityholder agrees that during the term of this Agreement, it will not, except as expressly
contemplated by this Agreement, directly or indirectly, in any manner:

 

		(a)	sell, transfer, gift, assign, pledge, hypothecate, encumber, convert
or otherwise dispose of any of the Relevant Securities or any interest therein or enter into any agreement, arrangement or understanding
in connection therewith, unless the Securityholder retains the irrevocable right to vote, or cause to be voted, the Relevant Securities
at the Company Meeting in favour of the Arrangement Resolution (and any other resolution put forward at the Company Meeting
that is required for the consummation of the transactions contemplated by the Arrangement Agreement) in
accordance with his or her or its obligations under this Agreement; provided that, the Securityholder may (i) exercise Company
Options to acquire additional Company Shares and/or settle Company RSUs to acquire additional Company Shares, and (ii) transfer
Relevant Securities to a corporation, family trust, RRSP or other entity directly or indirectly owned or controlled by the Securityholder
or under common control with or controlling the Securityholder provided that (w) such transfer shall not relieve or release the
Securityholder of or from any of its obligations under this Agreement, including, without limitation, the obligation of the Securityholder
to vote or cause to be voted all Relevant Securities at the Company Meeting in favour of the Arrangement Resolution (and any other
resolution put forward at the Company Meeting that is required for the consummation of the transactions contemplated by the Arrangement
Agreement), (x) prompt written notice of such transfer is provided to the Purchaser, (y) the transferee continues to be a corporation
or other entity directly or indirectly controlling the Securityholder, or owned or controlled by the Securityholder, at all times
prior to the Company Meeting; or

 

 

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		(b)	deposit any of the
Relevant Securities into a voting trust, or grant (or permit to be granted) any proxies or powers of attorney or attorney in fact,
or enter into a voting agreement, understanding or arrangement, with respect to the voting of its Relevant Securities, in
each case, without having first obtained the prior written consent of the Purchaser, which consent shall
not be unreasonably withheld.

 

Section 3.2            Non-Solicitation.

 

		(1)	The Securityholder agrees that it shall:

 

		(a)	not, directly or indirectly:

 

		(i)	solicit, initiate, knowingly encourage or otherwise facilitate (including by way of furnishing
any non-public information) any inquiry, proposal or offer that constitutes or may reasonably be expected to lead to, an Acquisition
Proposal;

 

		(ii)	engage or participate in any discussions or negotiations with any Person (other than the Purchaser)
regarding any Acquisition Proposal;

 

		(iii)	enter into or publicly propose to enter into any agreementrelating to an Acquisition Proposal;
and

 

		(b)	immediately cease and terminate, and cause to be terminated, any solicitation, encouragement, discussions
or negotiations commenced prior to the date of this Agreement with any Person (other than the Purchaser) by or on behalf of the
Securityholder with respect to any Acquisition Proposal or any inquiry, proposal or offer that may reasonably be expected to lead
to an Acquisition Proposal, whether or not initiated by the Securityholder,

 

provided that if at any
time, prior to obtaining the approval by the holders of Company Shares eligible to vote in respect of the Arrangement Resolution,
the Company receives a written Acquisition Proposal that was not, directly or indirectly, solicited, initiated, knowingly encouraged
or otherwise facilitated in violation of Section 5.1 of the Arrangement Agreement, the Securityholder may engage in or participate
in discussions or negotiations with such Person regarding such Acquisition Proposal provided that (i) the Board is permitted by
Section 5.2 of the Arrangement Agreement to engage in such discussions or negotiations, and (ii) such Acquisition Proposal did
not result from a breach by the Securityholder of the provisions of this Agreement.

 

Section 3.3            Voting.

 

		(1)	The Securityholder hereby irrevocably covenants, undertakes and agrees that, from the date hereof
until the termination of this Agreement pursuant to Article 4, it shall:

 

		(a)	vote (or cause to be voted) all of the Relevant Securities (to the extent that such Relevant Securities
are entitled to a vote in respect of such matters):

 

 

 

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		(i)	in favour of the of the Arrangement Resolution (and any other
resolution put forward at the Company Meeting that is required in furtherance thereof) at the Company
Meeting and/or every meeting of the securityholders of the Company at which such matters are considered and at every adjournment
or postponement thereof, and not withdraw any proxies or change its vote in respect thereof; and

 

		(ii)	against any resolution proposed by the Company or any other Person that would reasonably be expected
to adversely affect or reduce the likelihood of the successful completion of the Transaction;

 

		(b)	except as contemplated by this Agreement, not vote or grant to any Person other than the Purchaser
a proxy to vote or enter into any voting trust, vote pooling or other agreement with respect to the right to vote the Relevant
Securities (and will cause such Relevant Securities not to be voted) in favour of any Acquisition Proposal;

 

		(c)	deliver, or cause to be delivered, to the Company’s transfer agent, or as otherwise directed
by the Company, after receipt of proxy materials for, and no later than five (5) Business Days before the date of, the Company
Meeting or any other meeting of the securityholders (or any of them) of the Company called for the purpose of approving the Transaction,
a duly executed proxy (in favour of the Purchaser if so requested by the Purchaser, acting reasonably) directing that the Relevant
Securities be voted at such meeting in favour of the Arrangement Resolution and all related matters; and

 

		(d)	not take any action that is intended to prevent the completion of the Transaction.

 

		(2)	The Securityholder shall not, and hereby agrees not to:

 

		(a)	assert or exercise any dissent rights in respect of the Transaction or the transactions associated
therewith that the Securityholder may have; and

 

		(b)	commence or participate in, and shall, and hereby agrees to, take all actions necessary to opt
out of any class in any class action with respect to, any claim, derivative or otherwise, against the Company, the Purchaser or
any of their respective Subsidiaries (or any of their respective successors) relating to the negotiation, execution and delivery
of the Arrangement Agreement or any other agreement relating to the Transaction or the consummation of the Transaction.

 

		(3)	The Securityholder hereby revokes any and all previous proxies granted that may conflict or be
inconsistent with the matters set forth in this Agreement and the Securityholder agrees not to, directly or indirectly, grant any
other proxy or power of attorney with respect to the matters set forth in this Agreement except as expressly required or permitted
by this Agreement.

 

		Section 3.4	No Agreement as Director or Officer.

 

The
Securityholder is entering into this Agreement solely in its capacity as the legal and beneficial owner of, or the Person who exercises
control or direction over, the Relevant Securities and in no other capacity. Consequently, nothing in this Agreement shall be construed
as in any manner restricting, limiting or prohibiting the Securityholder (or any of its directors, officers, employees or shareholders)
from taking any action, or refraining from taking any action, in his or her capacity as a director, officer or employee of the
Company or any of its Subsidiaries on behalf of the Company and its Subsidiaries to the extent permitted under the Arrangement
Agreement. Nothing in this Agreement will be construed to prohibit, limit or restrict the Securityholder
from exercising his or her fiduciary duties as a director or officer of the Company or any of its Subsidiaries.

 

 

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Article 4

TERMINATION

 

		Section 4.1	Termination.

 

		(1)	This Agreement shall automatically terminate upon the earlier of:

 

		(a)	the Effective Time;

 

		(b)	the date of termination of the Arrangement Agreement in accordance with its terms; and

 

		(c)	the mutual consent in writing of the Parties.

 

		(2)	This Agreement may be terminated by the Securityholder if:

 

		(a)	any representation or warranty of the Purchaser under this Agreement or under the Arrangement Agreement
is untrue or incorrect in any material respect;

 

		(b)	theamount of the Consideration offered by the Purchaser to the holders of Subject Securities pursuant
to the Transaction is reduced, the form of the Consideration is changed, or the terms of the Arrangement Agreement are otherwise
changed in any manner that isadverse to the Securityholder;

 

		(c)	the Board publicly announces its recommendation in support of a Superior Proposal; or

 

		(d)	the transaction is not completed by the Outside Date,

 

provided that
at the time of such termination under clause (a), (c) or (d), the Securityholder is not in material default in the performance
of its obligations under this Agreement.

 

		Section 4.2	Effect of Termination.

 

If this Agreement is
terminated in accordance with the provisions of this Article 4, no Party shall have any further liability to perform its obligations
under this Agreement except as expressly contemplated by this Agreement, and provided that neither the termination of this Agreement
nor anything contained in this Article 4 shall relieve any Party from any liability for any breach by it of this Agreement, including
from any inaccuracy in its representations and warranties and any non-performance by it of its covenants made herein.

 

		Section 4.3	Remedies.

 

The Parties agree that
irreparable harm would occur for which money damages would not be an adequate remedy at law in the event that any of the provisions
of this Agreement were not performed by the Securityholder or the Purchaser in accordance with their specific terms or were otherwise
breached by the Securityholder or the Purchaser. It is accordingly agreed that the Parties shall be entitled to injunctive and
other equitable relief to prevent breaches of this Agreement, and to enforce compliance with the terms of this Agreement against
the Securityholder or the Purchaser, as applicable, without any requirement for the securing or posting of any bond in connection
with the obtaining of any such injunctive or other equitable relief, this being in addition to any other remedy to which the Parties
may be entitled at law or in equity.

 

Article 5

GENERAL PROVISIONS

 

		Section 5.1	Disclosure.

 

		(1)	The Securityholder agrees:

 

		(a)	to the existence and factual details of this Agreement (other than registration particulars set
out in Schedule “A”) being set out in any public disclosure, including, without limitation, press releases, information
circulars and court materials, produced by the Company or the Purchaser in connection with the Transaction; and

 

 

 

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		(b)	to this Agreement (other than registration particulars set out in Schedule “A”) being
filed and/or available for inspection by the public to the extent required by applicable securities laws or stock exchange rules.

 

		Section 5.2	Notices.

 

Any notice, or other
communication given regarding the matters contemplated by this Agreement (must be in writing, sent by personal delivery, courier
or by electronic mail and addressed:

 

		(a)	to the Purchaser and the Company (following the Effective Time)
at:

 

Lantronix, Inc.

7535 Irvine Center Drive, Suite 100

Suite 100, Irvine, CA 92618

 

	 	Attention:	Paul Pickle, President and Chief Executive Officer
	 	Email:	ppickle@lantronix.com

 

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

 

O’Melveny
& Meyers LLP

2765
Sand Hill Road

Menlo
Park, California 94025

 

	 	Attention:	Warren
T. Lazarow
	 	Email:	wlazarow@omm.com

 

		(b)	to the Company (prior to the Effective Time) at:

 

Intrinsyc
Technologies Corporation

380 –
885 Dunsmuir Street

Vancouver, British Columbia V6C 1N5

 

	 	Attention:	Daniel
Marks, Independent Director
	 	Email:	dmarks@stonehousecapital.com

 

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

 

Farris
LLP

2500-700
West Georgia Street

Vancouver,
British Columbia V7Y 1B3

Canada

 

	 	Attention:	Denise
Nawata
	 	Email:	dnawata@farris.com

 

		Section 5.3	Time of the Essence.

 

Time is of the essence
in this Agreement.

 

 

 

 

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		Section 5.4	Waiver.

 

No waiver of any of
the provisions of this Agreement will constitute a waiver of any other provision (whether or not similar). No waiver will be binding
unless executed in writing by the Party to be bound by the waiver. A Party’s failure or delay in exercising any right under
this Agreement will not operate as a waiver of that right. A single or partial exercise of any right will not preclude a Party
from any other or further exercise of that right or the exercise of any other right.

 

		Section 5.5	Entire Agreement.

 

This Agreement constitutes
the entire agreement between the parties with respect to the transactions contemplated by this Agreement and supersedes all prior
agreements, understandings, negotiations and discussions, whether oral or written, of the Parties. There are no representations,
warranties, covenants, conditions or other agreements, express or implied, collateral, statutory or otherwise, between the Parties
in connection with the subject matter of this Agreement, except as specifically set forth in this Agreement. The Parties have not
relied and are not relying on any other information, discussion or understanding in entering into and completing the transactions
contemplated by this Agreement.

 

		Section 5.6	Successors and Assigns.

 

		(1)	This Agreement becomes effective only when executed by the Securityholder and the Purchaser. After
that time, it will be binding upon and enure to the benefit of the Securityholder, the Purchaser and their respective successors
and permitted assigns.

 

		(2)	Neither this Agreement nor any of the rights or obligations under this Agreement are assignable
or transferable by any Party without the prior written consent of the other Party.

 

		Section 5.7	Severability.

 

If any provision of
this Agreement is determined to be illegal, invalid or unenforceable by an arbitrator or any court of competent jurisdiction, that
provision will be severed from this Agreement and the remaining provisions shall remain in full force and effect. Upon such determination
that any term or other provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith
to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the
end that the transactions contemplated hereby are fulfilled to the fullest extent possible.

 

		Section 5.8	Governing Law.

 

		(1)	This Agreement will be governed by and interpreted and enforced in accordance with the laws of
the Province of British Columbia and the federal laws of Canada applicable therein.

 

		(2)	Each Party irrevocably attorns and submits to the exclusive jurisdiction of the British
Columbia courts situated in the City of Vancouver and waives objection to the venue of any proceeding in such court or that such
court provides an inconvenient forum.

 

		Section 5.9	Rules of Construction.

 

The Parties to this
Agreement waive the application of any law or rule of construction providing that ambiguities in any agreement or other document
shall be construed against the Party drafting such agreement or other document.

 

		Section 5.10	Counterparts.

 

This Agreement may
be executed in any number of counterparts (including counterparts by PDF or facsimile) and all such counterparts taken together
shall be deemed to constitute one and the same instrument. The Parties shall be entitled to rely upon delivery of an executed PDF,
facsimile or similar executed electronic copy of this Agreement, and such PDF, facsimile or similar executed electronic copy shall
be legally effective to create a valid and binding agreement between the Parties.

 

[Remainder of page intentionally left
blank. Signature pages follow.]

 

 

 

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This Agreement has been agreed and accepted
on the date first written above.

 

           

 

	 	 	LANTRONIX, INC.
	 	 	 
	 	 	By: ____________________________
	 	 	   Authorized Signing Officer
	 	 	 
	If a corporation:		If an individual:
	 	 	 
	[insert name of corporation]	 	 
	 	 	 
	 	 	 
	By: ____________________________	 	______________________________
	  Authorized Signing Officer 	 	Securityholder
	 	 	 

 

 

 

 

 

 

 

 

 

 

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SCHEDULE A

 

RELEVANT SECURITIES

 

	Class of Securities	 	Number of Securities Held
	Company Shares	 	 
	Company Options	
        Vested

         

        Unvested
	 
	Company RSUs	
        Vested

         

        Unvested
	 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	10LOAN
AGREEMENT

 

This
Loan Agreement, dated as of October 28, 2019 (this “Agreement”), is entered into by and between H-CYTE Inc., a Nevada
corporation (the “Company”) and Horne Management, LLC, a Florida limited liability company (“Lender”).

 

RECITALS

 

WHEREAS,
the Company believes that it is in the best interest of the Company to obtain a short-term loan; and

 

WHEREAS,
Lender is willing and able to provide the Company with a short-term loan;

 

NOW
THEREFORE, BE IT RESOLVED, that Lender shall provide to the Company a short-term loan in the principal amount of $150,000,
evidenced by the Promissory Note (the “Note”) attached hereto as Exhibit A and subject to the provisions as set forth
in this Loan Agreement.

 

AGREEMENT

 

In
consideration of the foregoing, and the representations, warranties and conditions set forth below, the parties hereto, intending
to be legally bound, hereby agree as follows:

 

1.
The Note.

 

(a)
Issuance of the Note. Subject to all of the terms and conditions hereof, the Company agrees to issue and sell to Lender
a Note in the principal amount of $150,000 (the “Principal Amount”), which shall have a maturity date of April 28,
2020 (the “Maturity Date”) and accrue interest at the rate of twelve percent (12%) per annum (the “Interest
Rate”).

 

(b)
Interest Rate Increase. If the Company does not pay the Principal Amount and any and all accrued but unpaid interest by
the Maturity Date, then the Interest Rate shall increase from 12% to 15% from the Maturity Date onwards.

 

(c)
Warrant. If the Company does not pay the Principal Amount and any and all accrued but unpaid interest by December 28, 2019,
the sixtieth day after the Issuance Date (as defined in the Note), then the Company shall issue to Lender a three-year warrant
to purchase 171,429 shares of the Company’s common stock at a purchase price of $0.75 per share.

 

2.
Representations and Warranties of the Company. The Company represents and warrants to Lender that:

 

(a)
Due Incorporation, Qualification, etc. The Company (i) is a corporation duly organized, validly existing and in good standing
under the laws of the State of Nevada; (ii) has the power and authority to own, lease and operate its properties and carry on
its business as now conducted or as currently contemplated to be conducted; and (iii) is duly qualified, licensed to do business
and in good standing as a foreign limited liability company in each jurisdiction where the failure to be so qualified or licensed
could reasonably be expected to have a material adverse effect on the Company.

 

    	 	 	 

    	 

    

 

(b)
Authority. The execution, delivery and performance by the Company of this Agreement and the Note (the “Transaction
Documents”) to be executed by the Company (i) are within the power of the Company and (ii) have been duly authorized by
all necessary actions on the part of the Company, as required.

 

(c)
Enforceability. Each Transaction Document executed, or to be executed, by the Company has been, or will be, duly executed
and delivered by the Company and constitutes, or will constitute, a legal, valid and binding obligation of the Company, enforceable
against the Company in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application
relating to or affecting the enforcement of creditors’ rights generally and general principles of equity.

 

(d)
Non-Contravention. The execution and delivery by the Company of the Transaction Documents executed by the Company and the
performance and consummation of the transactions contemplated thereby do not and will not (i) violate the Company’s Articles
of Organization or By-laws (as of the date of this Agreement, the “Charter Documents”) or any judgment, order, writ,
decree, statute, rule or regulation applicable to the Company; (ii) violate any provision of, or result in the breach or the acceleration
of, or entitle any other any Person to accelerate (whether after the giving of notice or lapse of time or both), any material
mortgage, indenture, agreement, instrument or contract to which the Company is a party or by which it is bound; or (iii) result
in the creation or imposition of any Lien upon any property, asset or revenue of the Company (other than any Lien arising under
the Transaction Documents) or the suspension, revocation, impairment, forfeiture, or nonrenewal of any material permit, license,
authorization or approval applicable to the Company, its business or operations, or any of its assets or properties. For the purposes
of this Agreement, “Person” shall mean any individual, entity or group (within the meaning of Section 13(d)(3) or
14(d)(2) of the Exchange Act of 1934, as amended (the “Exchange Act”). For purposes of this Agreement, “Lien”
shall mean any lien, pledge, charge, claim, mortgage, restriction on transfer, security interest or other encumbrance of any sort.

 

(e)
Approvals. No consent, approval, order or authorization of, or registration, declaration or filing with, any governmental
authority or other Person (including, without limitation, the shareholders, interest holders, managers, directors or other representatives
or agents of any Person) is required in connection with the execution and delivery of the Transaction Documents executed by the
Company and the performance and consummation of the transactions contemplated thereby, other than such as have been obtained and
remain in full force and effect and other than such qualifications or filings under applicable securities laws as may be required
in connection with the transactions contemplated by this Agreement.

 

(f)
No Violation or Default. The Company is not in violation of or in default in any material respect with respect to (i) its
Charter Documents or any judgment, order, writ, decree, statute, rule or regulation applicable to such Person; or (ii) any mortgage,
indenture, agreement, instrument or contract to which such Person is a party or by which it is bound (nor is there any waiver
in effect which, if not in effect, would result in such a violation or default).

 

(g)
Litigation. To the Knowledge of the Company, no actions (including, without limitation, derivative actions), suits, proceedings
or investigations are pending or threatened against the Company at law or in equity in any court or before any other governmental
authority that (i) if adversely determined would (alone or in the aggregate) result in a material liability or (ii) seek to enjoin,
either directly or indirectly, the execution, delivery or performance by the Company of the Transaction Documents or the transactions
contemplated thereby. For purposes of this Agreement, “Knowledge” shall mean, with respect to the Company, the actual
knowledge of its officers and board members, after due and diligent inquiry.

 

(h)
Title. The Company owns and has good and marketable title in fee simple absolute to, or a valid leasehold interest in,
all real properties and good title to other material assets and material properties owned or leased by the Company as of the date
hereof and set forth on Schedule 2(h) attached hereto. Such assets and properties are subject to no Lien other than any Lien arising
or permitted under the Transaction Documents.

 

    	 	-2-	 

    	 

    

 

(i)
Indebtedness. The Company has no Indebtedness that is not reflected in the Company’s filings with the Securities
and Exchange Commission. For purposes of this Agreement, “Indebtedness” shall mean all liabilities and obligations,
including any applicable penalties (including with respect to any prepayment thereof), interest and premiums, without duplication,
(a) for borrowed money; (b) evidenced by notes, bonds, debentures, letters of credit or similar instruments; (c) for the deferred
purchase price of goods or services (other than trade payables or accruals incurred in the ordinary course of business); or (d)
under capital leases.

 

(j)
Accuracy of Information Furnished. None of the representations and warranties made in this Agreement and none of the statements
made in the Transaction Documents or in the other certificates, statements, schedules, exhibits or other documents furnished to
Lender by or on behalf of the Company in connection with the Transaction Documents or the transactions contemplated thereby contains
or will contain any untrue statement of a material fact or omits or will omit to state a material fact necessary to make the statements
therein, in light of the circumstances under which they were made, not misleading.

 

(k)
Compliance with Laws. The Company and all assets and properties of the Company have materially complied with, are not in
material violation of, and have not received any notices of violation with respect to, any foreign, federal, state or local statute,
law or regulation.

 

3.
Representations and Warranties of Lender. Lender represents and warrants to the Company upon the acquisition of
the Note as follows:

 

(a)
Binding Obligation. Lender has full legal capacity, power and authority to execute and deliver this Agreement and to perform
its obligations hereunder. This Agreement and the Transaction Documents constitute valid and binding obligations of Lender, enforceable
in accordance with their terms, except as limited by bankruptcy, insolvency or other laws of general application relating to or
affecting the enforcement of creditors’ rights generally and general principles of equity.

 

(b)
Accredited Investor. Lender is an “accredited investor” as defined under Rule 501(a) of the Securities Act
of 1933, as amended.

 

4.
Conditions to Closing of Lender. Lender’s obligations pursuant to this Agreement are subject to the fulfillment,
to the reasonable satisfaction of Lender, on or prior to the Closing Date, of all of the following conditions, any of which may
be waived in whole or in part by Lender:

 

(a)
Representations and Warranties. The representations and warranties made by the Company in Section 2 hereof shall have been
true and correct when made, and shall be true and correct on the Closing Date.

 

(b)
Consents. The Company shall have received all consents and approvals and any applicable waivers of any and all rights necessary
for the execution by the Company of this Agreement and the Transaction Documents.

 

(c)
Governmental Approvals and Filings. The Company shall have obtained all governmental approvals required in connection with
the lawful sale and issuance of the Note.

 

(d)
Legal Requirements. At the Closing, the sale and issuance by the Company and the purchase by Lender, of the Note shall
be legally permitted by all laws and regulations to which Lender or the Company are subject.

 

(e)
Proceedings and Documents. All corporate and other proceedings in connection with the transactions contemplated at the
Closing and all documents and instruments incident to such transactions shall be reasonably satisfactory in substance and form
to Lender.

 

    	 	-3-	 

    	 

    

 

(f)
Transaction Documents. The Company shall have duly executed and delivered, or shall have caused to be executed and delivered,
to Lender the following Transaction Documents:

 

(i)
This Agreement (on the Initial Closing Date);

 

(ii)
The Note;

 

(iii)
Any other documents any Lender may reasonably request.

 

5.
Conditions to Obligations of the Company. The Company’s obligation to issue the Note is subject to the fulfillment,
on or prior to the Closing Date, of the following conditions, any of which may be waived in whole or in part by the Company:

 

(a)
Representations and Warranties. The representations and warranties made by Lender in Section 3 hereof shall be true and
correct when made, and shall be true and correct on the Closing Date.

 

6.
Miscellaneous.

 

(a)
Waivers and Amendments. Any provision of this Agreement may be amended, waived or modified only upon the written consent
of the Company and Lender.

 

(b)
Governing Law; Venue. This Agreement and all actions arising out of or in connection with this Agreement shall be governed
by and construed in accordance with the laws of the State of Florida, without giving effect to the conflicts of laws principles
thereof. The parties hereby submit to the exclusive jurisdiction of the courts of the State of Florida and the federal courts
of the United States located in Tampa, Florida.

 

(c)
Survival. The representations, warranties, covenants and agreements made herein and in the Transaction Documents shall
survive the execution and delivery of this Agreement.

 

(d)
Successors and Assigns. The rights and obligations of the Company and Lender shall be binding upon and benefit the successors,
assigns, heirs, administrators and transferees of the parties except that the Company shall not assign any of its rights hereunder
without the express written consent of Lender.

 

(e)
Registration, Transfer and Replacement of the Note. The Note shall be registered on the books and records of the Company.
The Company will keep, at its principal executive office, books for the registration and registration of transfer of the Note.
Prior to presentation of the Note, as the case may be, for registration of transfer, the Company shall treat the Person in whose
name a given Note is registered as the owner and holder of the Note for all purposes whatsoever, whether or not the Note shall
be overdue, and the Company shall not be affected by notice to the contrary. Subject to any restrictions on or conditions to transfer
set forth in the Note, Lender, at its option, may in person or by duly authorized attorney surrender the same for exchange at
the Company’s chief executive office, and promptly thereafter and at the Company’s expense, except as provided below,
receive in exchange therefor one or more new Note(s), and with respect to the a given Note, each in the principal requested by
Lender, dated the date to which interest shall have been paid on the Note so surrendered or, if no interest shall have yet been
so paid, dated the date of the Note so surrendered and registered in the name of such Person or Persons as shall have been designated
in writing by such holder or its attorney for the same principal amount as the then unpaid principal amount of the Note so surrendered.
Upon receipt by the Company of evidence reasonably satisfactory to it of the ownership of and the loss, theft, destruction or
mutilation of the Note and (a) in the case of loss, theft or destruction, of indemnity reasonably satisfactory to it; or (b) in
the case of mutilation, upon surrender thereof, the Company, at its expense, will execute and deliver in lieu thereof a new Note
executed in the same manner as the Note being replaced, with the Note in the same principal amount as the unpaid principal amount
of the Note and dated the date to which interest shall have been paid on the Note or, if no interest shall have yet been so paid,
dated the date of the Note.

 

    	 	-4-	 

    	 

    

 

(f)
Assignment. The rights, interests or obligations hereunder may not be assigned, by operation of law or otherwise, in whole
or in part, by the Company without the prior written consent of Lender. The rights, interests or obligations hereunder may be
assigned by operation of law or otherwise, in whole or in part, by Lender.

 

(g)
Entire Agreement. This Agreement together with the other Transaction Documents constitute and contain the entire agreement
among the Company and Lender and supersede any and all prior agreements, negotiations, correspondence, understandings and communications
among the parties, whether written or oral, respecting the subject matter hereof.

 

(h)
Notices. All notices, requests, demands, consents, instructions or other communications required or permitted hereunder
shall in writing and faxed, mailed, emailed or delivered to each party as follows:

 

If
to the Company:

H-CYTE,
Inc.

201
E. Kennedy Blvd.

Suite
700

Tampa,
Florida 33602

 

If
to Lender:

Horne
Management, LLC

612
SE 5th Avenue

Suite
6

Fort
Lauderdale, FL 33301

Attention:
William E. Horne

 

(i)
Expenses. All expenses incurred in connection with this Agreement and the other Transaction Documents shall be the obligation
of the party incurring such fees and.

 

(j)
Severability of this Agreement. If any provision of this Agreement shall be judicially determined to be invalid, illegal
or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired
thereby.

 

(k)
Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be enforceable against
the parties actually executing such counterparts, and all of which together shall constitute one instrument. A facsimile, telecopy,
..pdf scan or other reproduction of this Agreement may be executed by one or more parties hereto and delivered by such party by
facsimile or any similar electronic transmission device pursuant to which the signature of or on behalf of such party can be seen.
Such execution and delivery shall be considered valid, binding and effective for all purposes.

 

(Signature
Page Follows)

 

    	 	-5-	 

    	 

    

 

The
parties have caused this Agreement to be duly executed and delivered by their proper and duly authorized officers as of the date
and year first written above.

 

	 	H-CYTE,
    INC.
	 	 	 
	 	By:	         
	 	Name:	 
	 	Title:	 
	 	 	 
	 	HORNE
    MANAGEMENT, LLC
	 	 	 
	 	By:	 
	 	Name:	William
    E. Horne
	 	Title:	Manager

 

    	 	-6-	 

    	 

    

 

EXHIBIT
A

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