Document:

Exhibit 10.1

 

GI DYNAMICS, INC.

 

FIRST AMENDMENT TO SERIES A PREFERRED STOCK
PURCHASE AGREEMENT

 

THIS FIRST AMENDMENT
(this “Amendment”), dated effective as of October 31, 2020, is made to that certain SERIES A
PREFERRED STOCK PURCHASE AGREEMENT, dated August 10, 2020 (the “Agreement”), by and between GI
DYNAMICS, INC., a Delaware corporation (the “Company”), and the investors listed on Exhibit
A attached to the Agreement (the “Purchasers”). Capitalized terms used herein and not otherwise defined
shall have the meanings given to them in the Agreement.

 

WHEREAS, pursuant to Section
6.11 of the Agreement, any term of the Agreement may be amended, waived or modified only with the written consent of the Company
and the holders of at least a majority of the then-outstanding Shares; and

 

WHEREAS, the Company and
the only Purchaser, as of the date hereof, desire to amend the Agreement to extend the Final Closing Date from October 31, 2020
to November 30, 2020.

 

NOW, THEREFORE, the undersigned
Purchaser and the Company, in consideration of the mutual premises and covenants made herein and of the mutual benefits to be derived
herefrom, hereby amend the Agreement as follows:

 

	 	1.	
        Amendment to the Agreement. All references
        to the term “Final Closing Date” in the Agreement shall be deemed and each such reference is hereby replaced with the
        following:

         

        “Final Closing Date” shall mean
        November 30, 2020.

 

	 	2.	Except as expressly modified by this Amendment, the Agreement shall remain unmodified and in full force and effect.

 

	 	3.	This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute the same instrument. Facsimile or PDF transmission of execution copies or signature pages for this Amendment shall be legal, valid and binding execution and delivery for all purposes.

 

	 	4.	
        This Amendment shall be governed by, and construed
        and enforced in accordance with, the substantive laws of the State of Delaware, without regard to its principles of conflicts of
        laws.

         

         

        (Signatures Pages Immediately Follow)

 

 

    

     

    

IN WITNESS WHEREOF, the undersigned
party has executed this Amendment as of the date first above written.

 

COMPANY:

 

	GI DYNAMICS, INC.	 
	 	 	 
	By:	/s/ Charles R. Carter	 
	Name:	Charles R. Carter	 
	Title:	CFO, Secretary, Treasurer	 

 

 

IN WITNESS WHEREOF, the undersigned
party has executed this amendment as of the date first written above.

 

PURCHASER:

 

CRYSTAL AMBER FUND LIMITED

 

By: Crystal Amber Asset Management (Guernsey) Limited,
as

Investment Manager

 

	By:	/s/ Laurence McNairn	 
	Name:	Laurence McNairn	 
	Title:	Directoramrn-ex102_243.htm

Exhibit 10.2

 

AMARIN CORPORATION plc 2020 STOCK INCENTIVE PLAN

AWARD AGREEMENT

 

This AWARD AGREEMENT (the “Agreement”) is entered into and made effective as of [          ], 20[  ] between Amarin Corporation plc (the “Company”) and [          ] (the “Optionee”). The Company hereby grants to the Optionee Incentive Stock Options (the “Options”) as set forth below.  Capitalized terms used and not defined herein shall have the meanings set forth in the Amarin Corporation plc 2020 Stock Incentive Plan (the “Plan”), which is incorporated by this reference in its entirety.

 

	
1.
	
Number of Incentive Stock Options:  [          ]

 

	
2.
	
Per Share Purchase Price:  $[     ](provided that such Per Share Purchase Price shall not be less than the par 

value of the Share at any time, currently £0.50)

	
3.
	
Grant Date:  [          ]

 

	
4.
	
Date Options Become Exercisable (Vesting): The Options shall vest pursuant to the following table, subject to the Optionee’s Continuous Status as an Employee or Consultant on each such date.

 

		
	
Number of 

Ordinary Shares
	
Exercise Dates

	
[          ]
	
[          ]

	
[          ]
	
[          ]

	
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[          ]

	
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Expiration Date:  [          ]

	
6.
	
Terms of this Award Agreement:  In the event of a conflict between the provisions of this Agreement and the Plan, except in relation to paragraph 7 below, the provisions of the Plan shall prevail. A copy of the Plan is provided herewith.

 

	
7.
	
Non-transferable:  These Options shall not be transferable by the Optionee other than by will or the laws of descent and distribution, and the Options shall be exercisable, during the Optionee’s lifetime, only by the Optionee.

	
8.
	
Status of Options:  To the extent any portion of these Options does not qualify as an incentive stock option under Section 422 of the Code, it shall be deemed a non-qualified stock option.

 

By signing this Agreement, you agree to all of the terms and conditions described herein and in the Plan.

 

AMARIN CORPORATION plc OPTIONEE

 

By: ____________________________ Signature: ______________________________

Name: [          ]Name:[          ]

 

Exhibit 10.2

Title: [          ]amrn-ex103_244.htm

Exhibit 10.3

 

AMARIN CORPORATION plc 2020 STOCK INCENTIVE PLAN

AWARD AGREEMENT

 

This AWARD AGREEMENT (the “Agreement”) is entered into and made effective as of [          ], 20[  ] between Amarin Corporation plc (the “Company”) and [          ] (the “Optionee”). The Company hereby grants to the Optionee Non-Qualified Stock Options (the “Options”) as set forth below.  Capitalized terms used and not defined herein shall have the meanings set forth in the Amarin Corporation plc 2020 Stock Incentive Plan (the “Plan”), which is incorporated by this reference in its entirety.

 

	
1.
	
Number of Non-Qualified Stock Options:  [          ]

 

	
2.
	
Per Share Purchase Price:  $[     ](provided that such Per Share Purchase Price shall not be less than the par 

value of the Share at any time, currently £0.50)

	
3.
	
Grant Date:  [          ]

 

	
4.
	
Date Options Become Exercisable (Vesting): The Options shall vest pursuant to the following table, subject to the Optionee’s Continuous Status as an Employee or Consultant on each such date.

 

		
	
Number of 

Ordinary Shares
	
Exercise Dates

	
[          ]
	
[          ]

	
[          ]
	
[          ]

	
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5.
	
Expiration Date:  [          ]

	
6.
	
Terms of this Award Agreement:  In the event of a conflict between the provisions of this Agreement and the Plan, except in relation to paragraph 7 below, the provisions of the Plan shall prevail. A copy of the Plan is provided herewith.

 

	
7.
	
Non-transferable:  These Options shall not be transferable by the Optionee other than by will or the laws of descent and distribution, and the Options shall be exercisable, during the Optionee’s lifetime, only by the Optionee.

 

By signing this Agreement, you agree to all of the terms and conditions described herein and in the Plan.

 

AMARIN CORPORATION plc OPTIONEE

 

By: ____________________________ Signature: ______________________________

Name: [          ]Name:[          ]

Title: [          ]amrn-ex104_245.htm

Exhibit 10.4

AMARIN CORPORATION PLC 2020 STOCK INCENTIVE PLAN 

RESTRICTED STOCK UNIT AWARD AGREEMENT

 

This AWARD AGREEMENT (the “Agreement”) is entered into and made effective as of [          ], 20[  ], by and between Amarin Corporation plc (the “Company”) and [          ] (“Participant”).   Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Amarin Corporation plc 2020 Stock Incentive Plan (the “Plan”), which is incorporated by this reference in its entirety.  The Company hereby grants to the Participant an award (this “Award”) of restricted stock units (“RSUs”) as set forth below.  This Agreement shall be interpreted in such a manner that all provisions relating to the settlement of the Award are exempt from the requirements of Section 409A of the Code as “short-term deferrals” as described in Section 409A of the Code.  Further, the Company may modify this Agreement and this Award to the extent necessary to fulfill this intent.

Number of RSUs: [          ]

Grant Date: [          ]

	
Date Award Vests: 
	
The RSUs shall vest pursuant to the following table, subject to the Participant’s Continuous Status as an Employee or Consultant through each such date:

 

		
	
Number of RSUs
	
Vesting Date

	
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[          ]

	
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Vesting:  Upon vesting of each RSU, the Participant shall be entitled to a payment equal to the Fair Market Value of one Share.  The payment shall be paid to the Participant in Shares, such that the requirements of Section 580 of the Companies Act 2006 are satisfied (being that no Shares are issued for a consideration of less than their nominal value).

Termination:  Notwithstanding anything in Section 8 of the Plan to the contrary, in the event of termination of the Participant’s Continuous Status as an Employee or Consultant, any RSUs that have not vested will lapse immediately.

Dilution Protection:  The Plan contains detailed provisions for adjustments in the number and price of Shares for various corporate events, such as a change in capitalization, or a corporate transaction.

Withholding:  The Company has the right to reduce the amount of Shares to be delivered to the Participant upon vesting by the number of Shares with an aggregate fair market value equal to the up to the maximum amount of withholding taxes that the Company is required to withhold.

Stockholder Rights:  The Award itself does not confer the rights of the underlying Shares which are the subject of the Award.  Shareholder rights derive only from Share ownership.

Contract:  This Agreement and the Plan constitute the entire agreement between you and the Company with regard to the Award described herein, and may not be modified or amended except in a writing duly executed by the Participant and an executive officer of the Company.

 

ACTIVE/104902505.2  

 
 

Exhibit 10.4

Applicable Law:  The Plan is not subject to the Employee Retirement Income Security Act of 1974, as amended, and is not qualified under Section 401(a) of the Code.  The laws of the State of New York govern the terms and conditions of the RSUs, the Plan, and any construction or interpretation of the same.

Conflict:  In the event of a conflict between the provisions of this Agreement and the Plan, the Plan shall control.  A copy of the Plan is available from the Company Secretary at the Company’s U.S. headquarters.

Administration:  The Committee will administer the Plan.  

IN WITNESS WHEREOF, the Company and the Participant have executed this Agreement as of the day and year first written above.

 

AMARIN CORPORATION plcPARTICIPANT

 

By: _________________________________Signature: _______________________________

Name: [          ]Name: [          ] 

Title:   [          ]

 

 

 

ACTIVE/104902505.2

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