Document:

Exhibit 10.21

 

EXECUTION VERSION

 

SUBSCRIPTION AGREEMENT

 

Subject to the terms and
conditions set forth in this Subscription Agreement, dated as of April 17, 2017 (this “Agreement”),
each of the undersigned (each, a “Subscriber” and collectively, the “Subscribers”)
hereby offers to purchase from Interleukin Genetics, a Delaware corporation (the “Company”), a subordinated
convertible promissory note in an original principal amount equal to the “Note Principal Amount” set forth with its
signature on the signature page hereto, the form of which is attached as Exhibit A hereto, (the “Note”
and, collectively, the “Notes”) and a warrant, substantially in the form of Exhibit B hereto
(the “Warrant” and, collectively, the “Warrants”), representing the right
to purchase shares of the Company’s common stock, par value $0.001 per share (“Common Stock”),
exercisable as set forth therein. The Note is convertible into shares of Common Stock (the “Conversion Shares,”
and together with the Notes, the Warrants and the Warrant Shares (as defined below), the “Securities”)
at a conversion price and on the other terms set forth therein. The Notes shall be issued in the aggregate principal amount of
not more than $1,000,000.00.

 

The Securities being subscribed
for pursuant to this Agreement have not been registered under the Securities Act of 1933, as amended (the “Securities
Act”).  The offering of the Notes and the Warrants is being made to “accredited investors,” as
defined in Regulation D under the Securities Act in reliance upon the exemption from securities registration afforded by Section
4(a)(2) of the Securities Act and Rule 506 of Regulation D.

 

The closing of the transactions
contemplated by this Agreement (the “Closing”) shall take place at the offices of Mintz, Levin, Cohn,
Ferris, Glovsky and Popeo, P.C. at One Financial Center, Boston, Massachusetts, (or via electronic transmission) at 9:00 a.m.,
Boston time, on the date hereof (the “Closing Date”). The Closing will not occur unless the conditions
set forth in Sections 6 and 7 shall have been satisfied.

 

		1.	Subscription. Each Subscriber
                                         hereby subscribes to purchase the Note and the Warrants, for the aggregate “Note
                                         Principal Amount” set forth with its signature on the signature page hereto, subject
                                         to the terms and conditions of this Agreement and on the basis of the representations,
                                         warranties, covenants and agreements contained herein.

 

		2.	Representations and Warranties
                                         of the Company. The Company hereby represents and warrants to the Subscribers, as
                                         of the Closing Date (unless otherwise specified), the following:

 

		a.	Organization and Qualification.
                                         The Company is a corporation duly incorporated, validly existing and in good standing
                                         under the laws of the State of Delaware, and has the requisite corporate power to own
                                         its properties and to carry on its business as now being conducted. The Company is duly
                                         qualified as a foreign corporation to do business and is in good standing in every jurisdiction
                                         in which the nature of the business conducted by it makes such qualification necessary,
                                         except to the extent that the failure to be so qualified or be in good standing would
                                         not have a material adverse effect on the assets, business, financial condition or results
                                         of operations of the Company (a “Material Adverse Effect”).

 

    	 	 	 

     

    

 

		b.	Authorization, Enforcement,
                                         Compliance with Other Instruments. (i) The Company has the requisite corporate power
                                         and authority to enter into and perform its obligations under this Agreement, the Notes,
                                         and the Warrants and each of the other agreements and documents that are exhibits hereto
                                         or thereto or are contemplated hereby or thereby or necessary or desirable to effect
                                         the transactions contemplated hereby or thereby (the “Transaction Documents”)
                                         and to issue the Notes and the Warrants, and the Conversion Shares and the shares of
                                         Common Stock issuable upon exercise of the Warrants (the “Warrant Shares”),
                                         in accordance with the terms hereof and thereof, (ii) the execution and delivery by the
                                         Company of each of the Transaction Documents and the consummation by it of the transactions
                                         contemplated hereby and thereby, including, without limitation, the issuance of the Notes,
                                         the Conversion Shares, the Warrants and the Warrant Shares, have been, or will be at
                                         the time of execution of such Transaction Document, duly authorized by the Company’s
                                         Board of Directors, and no further consent or authorization is, or will be at the time
                                         of execution of such Transaction Document, required by the Company, its respective Board
                                         of Directors or its stockholders, (iii) each of the Transaction Documents will be duly
                                         executed and delivered by the Company, (iv) the Transaction Documents when executed and
                                         delivered by the Company and each other party thereto will constitute the valid and binding
                                         obligations of the Company enforceable against the Company in accordance with their terms,
                                         except as may be limited by: (A) judicial principles limiting the availability of specific
                                         performance, injunctive relief, and other equitable remedies or (B) bankruptcy, insolvency,
                                         reorganization, moratorium or other similar laws now or hereafter in effect generally
                                         relating to or affecting creditors’ rights.

 

		c.	Capitalization.  The
                                         authorized capital stock of the Company consists of 450,000,000 shares of Common Stock
                                         and 6,000,000 shares of convertible preferred stock, par value of $0.001 per share (the
                                         “Preferred Stock”). As of the date hereof, the Company has
                                         229,471,392 shares of Common Stock and no shares of Preferred Stock issued and outstanding.
                                         Except as set forth in the reports, schedules, forms, statements and other documents
                                         filed by the Company with the Securities and Exchange Commission (the “SEC”)
                                         on or prior to the date hereof (the “SEC Reports”), no shares
                                         of capital stock of the Company will be subject to preemptive rights or any other similar
                                         rights or any liens or encumbrances suffered or permitted by the Company, (ii) except
                                         as set forth in the SEC Reports there will be no outstanding options, warrants, scrip,
                                         rights to subscribe to, calls or commitments of any character whatsoever relating to,
                                         or securities or rights convertible into, any shares of capital stock of the Company,
                                         or contracts, commitments, understandings or arrangements by which the Company is or
                                         may become bound to issue additional shares of capital stock of the Company, (iii) there
                                         will be no outstanding debt securities of the Company other than the Notes and the indebtedness
                                         as set forth in the SEC Reports, (iv) other than as set forth in the SEC Reports, there
                                         will be no agreements or arrangements under which the Company is obligated to register
                                         the sale of any of their securities under the Securities Act, (v) there will be no outstanding
                                         registration statements of the Company, and there will be no outstanding comment letters
                                         from the SEC or any other regulatory agency and (vi) except as may be provided in the
                                         Transaction Documents, no co-sale right, right of first refusal or other similar right
                                         will exist with respect to the Notes or the Warrants (or will exist with respect to the
                                         Conversion Shares or the Warrant Shares) or the issuance and sale thereof. Upon request,
                                         the Company will make available to the Subscribers true and correct copies of the Company’s
                                         Certificate of Incorporation, as amended and in effect on the date hereof (the “Certificate
                                         of Incorporation”), and the Company’s By-laws, as amended and in
                                         effect on the date hereof (the “By-laws”).

 

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		d.	Issuance of Conversion Shares
                                         and Warrant Shares. Upon issuance of the Conversion Shares, in accordance with the
                                         terms of the Notes, the Conversion Shares will be duly issued, fully paid and nonassessable,
                                         and will be free from all taxes, liens and charges with respect to the issue thereof.
                                         Upon issuance of the Warrant Shares upon exercise of the Warrants, against payment therefor
                                         and in accordance with the terms of the Warrants, the Warrant Shares will be duly issued,
                                         fully paid and nonassessable, and will be free from all taxes, liens and charges with
                                         respect to the issue thereof.

 

		e.	No Conflicts.  The
                                         execution, delivery and performance of each of the Transaction Documents by the Company,
                                         and the consummation by the Company of the transactions contemplated hereby and thereby
                                         will not (i) result in a violation of the Certificate of Incorporation or the By-laws
                                         or (ii) violate or conflict with, or result in a breach of any provision of, or constitute
                                         a default (or an event which with notice or lapse of time or both would become a default)
                                         under, or give to others any rights of termination, amendment, acceleration or cancellation
                                         of, any agreement, indenture or instrument to which the Company is a party, except for
                                         those which would not reasonably be expected to have a Material Adverse Effect, or (iii)
                                         result in a violation of any law, rule, regulation, order, judgment or decree (including
                                         U.S. federal and state securities laws and regulations) applicable to the Company or
                                         by which any property or asset of the Company is bound or affected except for those which
                                         could not reasonably be expected to have a Material Adverse Effect. Except those which
                                         could not reasonably be expected to have a Material Adverse Effect, the Company is not
                                         in violation of any term of or in default under its Certificate of Incorporation or By-laws.
                                         Except those which could not reasonably be expected to have a Material Adverse Effect,
                                         the Company is not in violation of any term of or in default under any material contract,
                                         agreement, mortgage, indebtedness, indenture, instrument, judgment, decree or order or
                                         any statute, rule or regulation applicable to the Company. Except as specifically contemplated
                                         by this Agreement and as required under the Securities Act and any applicable state securities
                                         laws, the Company is not required to obtain any consent, authorization or order of, or
                                         make any filing or registration with, any court or governmental agency in order for it
                                         to execute, deliver or perform any of its obligations under or contemplated by this Agreement
                                         or the other Transaction Documents in accordance with the terms hereof or thereof. Neither
                                         the execution and delivery by the Company of the Transaction Documents, nor the consummation
                                         by the Company of the transactions contemplated hereby or thereby, will require any notice,
                                         consent or waiver under any contract or instrument to which the Company is a party or
                                         by which the Company is bound or to which any of its assets is subject, except for any
                                         notice, consent or waiver the absence of which would not reasonably be expected, individually
                                         or in the aggregate, to have a Material Adverse Effect and would not adversely affect
                                         the consummation of the transactions contemplated hereby or thereby, other than any such
                                         notice, consent or waiver that has been properly made or obtained prior to the date of
                                         this Agreement.

 

		f.	Absence of Litigation.
                                         Except as set forth in the SEC Reports, there is no action, suit, claim, inquiry, notice
                                         of violation, proceeding (including any partial proceeding such as a deposition) or investigation
                                         before or by any court, public board, governmental or administrative agency, self-regulatory
                                         organization, arbitrator, regulatory authority, stock market, stock exchange or trading
                                         facility (an “Action”) now pending or, to the knowledge of
                                         the Company, threatened, against or affecting the Company, wherein an unfavorable decision,
                                         ruling or finding would (i) adversely affect the validity or enforceability of, or the
                                         authority or ability of the Company to perform its obligations under, this Agreement
                                         or any of the other Transaction Documents, or (ii) have a Material Adverse Effect.

 

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		g.	No General Solicitation.
                                         Neither the Company, nor any of its “affiliates” as defined in Rule 144 under
                                         the Securities Act), nor, to the knowledge of the Company, any person acting on its or
                                         their behalf, has engaged in any form of general solicitation or general advertising
                                         (within the meaning of Regulation D) in connection with the offer or sale of the Notes
                                         and Warrants.

 

		h.	Permits. The Company has
                                         all authorizations, approvals, clearances, licenses, permits, certificates or exemptions
                                         (including manufacturing approvals and authorizations, pricing and reimbursement approvals,
                                         labeling approvals, registration notifications or their foreign equivalent) issued by
                                         any regulatory authority or governmental agency (collectively, “Permits”)
                                         required to conduct their respective businesses as currently conducted except to the
                                         extent that the failure to have such Permits would not have a Material Adverse Effect.

 

		i.	Title. Except as set forth
                                         in the SEC Reports, the Company has good and marketable title to all of its real and
                                         personal property and assets, free and clear of any material restriction, mortgage, deed
                                         of trust, pledge, lien, security interest or other charge, claim or encumbrance which
                                         would have a Material Adverse Effect.

 

		j.	Financial Statements. The
                                         financial statements of the Company included in the SEC Reports comply in all material
                                         respects with applicable accounting requirements and the rules and regulations of the
                                         SEC with respect thereto as in effect at the time of filing. Such financial statements
                                         have been prepared in accordance with GAAP applied on a consistent basis during the periods
                                         involved, except as may be otherwise specified in such financial statements or the notes
                                         thereto and except that unaudited financial statements may not contain all footnotes
                                         required by GAAP, and fairly present in all material respects the financial position
                                         of the Company as of and for the dates thereof and the results of operations and cash
                                         flows for the periods then ended, subject, in the case of unaudited statements, to normal,
                                         year-end audit adjustments. The pro forma financial information and the related notes,
                                         if any, included in the SEC Reports have been properly compiled and prepared in accordance
                                         with the applicable requirements of the Securities Act and the regulations promulgated
                                         thereunder and fairly present in all material respects the information shown therein,
                                         and the assumptions used in the preparation thereof are reasonable and the adjustments
                                         used therein are appropriate to give effect to the transactions and circumstances referred
                                         to therein.

 

		k.	SEC Reports. The Company
                                         has filed all reports, schedules, forms, statements and other documents required to be
                                         filed by the Company under the Securities Exchange Act of 1934, as amended (the “Exchange
                                         Act”), including pursuant to Section 13(a) or 15(d) thereof, for the two
                                         (2) years preceding the date hereof (or such shorter period as the Company was required
                                         by law or regulation to file such material). The SEC Reports taken as a whole do not
                                         contain an untrue statement of a material fact or omit to state a material fact required
                                         to be stated therein (in the case of SEC Reports) or necessary to make the statements
                                         therein, in the light of the circumstances under which they were made, not misleading.

 

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		l.	Brokers’ Fees. The
                                         Company does not have any liability or obligation to pay any fees or commissions to any
                                         broker, finder or agent with respect to the transactions contemplated by this Agreement.

 

		m.	Off-Balance Sheet Arrangements.
                                         There is no transaction, arrangement, or other relationship between the Company and an
                                         unconsolidated or other off-balance sheet entity that is required to be disclosed by
                                         the Company in its SEC Reports and is not so disclosed or that otherwise would have a
                                         Material Adverse Effect.

 

		n.	Investment Company. The
                                         Company is not required to be registered as, and is not an affiliate of, and immediately
                                         following the Closing will not be required to register as, an “investment company”
                                         within the meaning of the Investment Company Act of 1940, as amended.

 

		3.	Representations, Warranties
                                         and Agreements of the Subscribers.  Each Subscriber represents and warrants to, and
                                         agrees with, the Company as follows:

 

		a.	Such Subscriber, its advisers,
                                         if any, and its designated representatives, if any, have the knowledge and experience
                                         in financial and business matters necessary to evaluate the merits and risks of its prospective
                                         investment in the Company, and have carefully reviewed and understand the risks of, and
                                         other considerations relating to, the purchase of the Securities and the tax consequences
                                         of the investment, and have the ability to bear the economic risks of the investment.

 

		b.	Such Subscriber is acquiring the
                                         Notes and the Warrants, and upon conversion of the Notes, the Conversion Shares, and
                                         upon exercise of the Warrants, the Warrant Shares, for investment for its own account
                                         and not with the view to, or for resale in connection with, any distribution thereof.
                                         Such Subscriber understands and acknowledges that sale of the Notes and the Warrants
                                         have not been, and the Conversion Shares and the Warrant Shares will not be, registered
                                         under the Securities Act or any state securities laws, by reason of a specific exemption
                                         from the registration provisions of the Securities Act and applicable state securities
                                         laws, which depends upon, among other things, the bona fide nature of the investment
                                         intent as expressed herein. Such Subscriber further represents that it does not have
                                         any contract, undertaking, agreement or arrangement with any person to sell, transfer
                                         or grant participation to any third person with respect to any of the Notes, the Conversion
                                         Shares, the Warrants or the Warrant Shares. Such Subscriber understands and acknowledges
                                         that the sale of the Securities pursuant to this Agreement will not be registered under
                                         the Securities Act nor under the state securities laws on the ground that the sale provided
                                         for in this Agreement and the issuance of securities hereunder is exempt from the registration
                                         requirements of the Securities Act and any applicable state securities laws.

 

		c.	Such Subscriber is an “accredited
                                         investor” as defined in Rule 501 of Regulation D as promulgated by the SEC under
                                         the Securities Act, and such Subscriber shall submit to the Company such further assurances
                                         of such status as may be reasonably requested by the Company. Such Subscriber further
                                         acknowledges and understands that it is required to be an “accredited investor”
                                         at the time it exercises the Warrants. Such Subscriber resides in the jurisdiction set
                                         forth on the signature page affixed hereto. Such Subscriber has not taken any of the
                                         actions set forth in, and is not subject to, the disqualification provisions of Rule
                                         506(d)(1) of the Securities Act.

 

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		d.	Such Subscriber represents that
                                         it was not formed for the specific purpose of acquiring the Securities, is duly organized,
                                         validly existing and in good standing under the laws of the state or jurisdiction of
                                         its organization, the consummation of the transactions contemplated hereby is authorized
                                         by, and will not result in a violation of state law or its charter or other organizational
                                         documents, it has full power and authority to execute and deliver this Agreement, the
                                         other Transaction Documents to which it is a party, and all other related agreements
                                         or certificates and to carry out the provisions hereof and thereof and to purchase and
                                         hold the Securities, the execution and delivery of this Agreement and each other Transaction
                                         Document to which it is a party has been duly authorized by all necessary action, this
                                         Agreement and each other Transaction Document to which it is a party has been duly executed
                                         and delivered on behalf of such Subscriber and is a legal, valid and binding obligation
                                         of such Subscriber. The execution and delivery of this Agreement and each other Transaction
                                         Document to which it is a party will not violate or be in conflict with any order, judgment,
                                         injunction, agreement or controlling document to which such Subscriber is a party or
                                         by which it is bound.

 

		e.	Such Subscriber understands that
                                         the Securities are being offered and sold to it in reliance on specific exemptions from
                                         the registration requirements of United States federal and state securities laws and
                                         that the Company is relying in part upon the truth and accuracy of, and such Subscriber’s
                                         compliance with, the representations, warranties, agreements, acknowledgments and understandings
                                         of such Subscriber set forth herein in order to determine the availability of such exemptions
                                         and the eligibility of such Subscriber to acquire such securities. Such Subscriber further
                                         acknowledges and understands that the Company is relying on the representations and warranties
                                         made by it hereunder and that such representations and warranties are a material inducement
                                         to the Company to sell the Securities to such Subscriber.

 

		f.	Such Subscriber understands that
                                         no public market now exists, and there never will be a public market for, the Notes or
                                         the Warrants, that only a limited public market for the Common Stock exists and that
                                         there can be no assurance that a more active public market for the Common Stock will
                                         exist or continue to exist.

 

		g.	Such Subscriber, its advisers,
                                         if any, and its designated representatives, if any, have received and reviewed information
                                         about the Company, and have had an opportunity to discuss the Company’s business,
                                         management and financial affairs with the Company’s management. Such Subscriber
                                         understands that such discussions, as well as any materials provided by the Company,
                                         were intended to describe the aspects of the Company’s business and prospects which
                                         the Company believes to be material, but were not necessarily a thorough or exhaustive
                                         description, and except as expressly set forth in this Agreement. Some of such information
                                         may include projections as to the future performance of the Company, which projections
                                         may not be realized, may be based on assumptions which may not be correct and may be
                                         subject to numerous factors beyond the Company’s control. Such Subscriber has sought
                                         such accounting, legal and tax advice as it has considered necessary to make an informed
                                         investment decision with respect to its acquisition of the Securities.

 

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		h.	As of the Closing, all actions
                                         on the part of such Subscriber, and its officers, directors and partners, if applicable,
                                         necessary for the authorization, execution and delivery of this Agreement and the other
                                         Transaction Documents to which it is a party and the performance of all obligations of
                                         such Subscriber hereunder and thereunder shall have been taken, and this Agreement and
                                         such other Transaction Documents, assuming due execution by the parties hereto and thereto,
                                         constitute valid and legally binding obligations of such Subscriber, enforceable in accordance
                                         with their respective terms, except as may be limited by: (i) judicial principles limiting
                                         the availability of specific performance, injunctive relief, and other equitable remedies
                                         or (ii) bankruptcy, insolvency, reorganization, moratorium or other similar laws now
                                         or hereafter in effect generally relating to or affecting creditors’ rights.

 

		i.	Such Subscriber agrees to be bound
                                         by all of the terms and conditions of the Notes and the Warrants and to perform all obligations
                                         thereby imposed upon it.

 

		4.	Transfer Restrictions. 
                                         Each Subscriber acknowledges and agrees as follows:

 

		a.	The Notes, the Conversion Shares,
                                         the Warrants and the Warrant Shares have not been registered for sale under the Securities
                                         Act, in reliance on the private offering exemption in Section 4(a)(2) thereof; the Company
                                         does not currently intend to register the Notes, the Conversion Shares, the Warrants
                                         or the Warrant Shares under the Securities Act at any time in the future unless otherwise
                                         contractually obligated to do so under this Agreement or any of the other Transaction
                                         Documents; and such Subscriber will not immediately be entitled to the benefits of Rule
                                         144 with respect to the Notes, the Conversion Shares, the Warrants and the Warrant Shares.

 

		b.	Such Subscriber understands that
                                         there are substantial restrictions on the transferability of the Securities that the
                                         notes, agreement or certificates representing the Securities shall bear a restrictive
                                         legend in substantially the following form (or in the case of the Warrants, as shown
                                         on the form of Warrant attached hereto) (and a stop-transfer order may be placed against
                                         transfer of such certificates or other instruments):

 

THE SECURITIES REPRESENTED BY THIS
CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR APPLICABLE STATE
SECURITIES LAWS AND NEITHER MAY BE SOLD, TRANSFERRED, ASSIGNED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE ACT AND SUCH
LAWS OR (1) REGISTRATION UNDER APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED AND (2) AN OPINION OF COUNSEL SATISFACTORY TO
THE MAKER IS FURNISHED TO THE MAKER TO THE EFFECT THAT REGISTRATION UNDER THE ACT IS NOT REQUIRED.

 

In addition, if any Subscriber is
an affiliate of the Company notes, agreements or certificates evidencing the Securities issued to such Subscriber may bear a customary
“Affiliates” legend.

 

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The legend set forth above shall be
removed and the Company shall issue a certificate without such legend to the holder of the Securities upon which it is stamped,
if (a) such Securities are sold pursuant to a registration statement under the Securities Act, or (b) such holder delivers
to the Company an opinion of counsel, reasonably acceptable to the Company, that a disposition of the Securities is being made
pursuant to an exemption from such registration and that the Securities, after such transfer, shall no longer be “restricted
securities” within the meaning of Rule 144.

 

		5.	Creation of Security Interest.

 

		a.	Grant of Security Interests.
                                         The Company grants to each Subscriber a valid, continuing security interest in all presently
                                         existing and hereafter acquired or arising Collateral (as defined below) in order to
                                         secure prompt, full and complete payment of any and all Obligations (as defined below)
                                         and in order to secure prompt, full and complete performance by the Company of each of
                                         its covenants and duties under each of the Transaction Documents (other than the Warrants).
                                         The “Collateral” shall mean and include all right, title, interest,
                                         claims and demands of the Company in the following:

 

	i.		All goods (and embedded computer programs
                                         and supporting information included within the definition of “goods” under
                                         the Code (as defined below)) and equipment now owned or hereafter acquired, including
                                         all laboratory equipment, computer equipment, office equipment, machinery, fixtures,
                                         vehicles (including motor vehicles and trailers), and any interest in any of the foregoing,
                                         and all attachments, accessories, accessions, replacements, substitutions, additions,
                                         and improvements to any of the foregoing, wherever located;

 

	ii.		All inventory now owned or hereafter
                                         acquired, including all merchandise, raw materials, parts, supplies, packing and shipping
                                         materials, work in process and finished products including such inventory as is temporarily
                                         out of the Company’s custody or possession or in transit and including any returns
                                         upon any accounts or other proceeds, including insurance proceeds, resulting from the
                                         sale or disposition of any of the foregoing and any documents of title representing any
                                         of the above, and the Company’s books relating to any of the foregoing;

 

	iii.		All contract rights and general intangibles
                                         (including Intellectual Property (as defined below)), now owned or hereafter acquired,
                                         including goodwill, license agreements, franchise agreements, blueprints, drawings, purchase
                                         orders, customer lists, route lists, infringements, claims, software, computer programs,
                                         computer disks, computer tapes, literature, reports, catalogs, design rights, income
                                         tax refunds, payment intangibles, commercial tort claims, payments of insurance and rights
                                         to payment of any kind;

 

	iv.		All now existing and hereafter arising
                                         accounts, contract rights, royalties, license rights, license fees and all other forms
                                         of obligations owing to the Company arising out of the sale or lease of goods, the licensing
                                         of technology or the rendering of services by the Company (subject, in each case, to
                                         the contractual rights of third parties to require funds received by the Company to be
                                         expended in a particular manner), whether or not earned by performance, and any and all
                                         credit insurance, guaranties, and other security therefor, as well as all merchandise
                                         returned to or reclaimed by the Company and the Company’s books relating to any
                                         of the foregoing;

 

    	 	 	 

     

    

 

	v.		All documents, cash, deposit accounts,
                                         letters of credit and letters of credit rights (whether or not the letter of credit is
                                         evidenced by a writing) and other supporting obligations, certificates of deposit, instruments,
                                         promissory notes, chattel paper (whether tangible or electronic) and investment property,
                                         including all securities, whether certificated or uncertificated, security entitlements,
                                         securities accounts, commodity contracts and commodity accounts, and all financial assets
                                         held in any securities account or otherwise, wherever located, now owned or hereafter
                                         acquired and the Company’s books relating to the foregoing; and

 

	vi.		To the extent not covered by the foregoing
                                         clauses (i) through (v), all other personal property of the Company, whether tangible
                                         or intangible, and any and all rights and interests in any of the above and the foregoing
                                         and, any and all claims, rights and interests in any of the above and all substitutions
                                         for, additions and accessions to and proceeds thereof, including insurance, condemnation,
                                         requisition or similar payments and proceeds of the sale or licensing of Intellectual
                                         Property.

 

Notwithstanding the foregoing, the
Collateral shall not include any equipment that now or hereafter is subject to a Lien (as defined below) that constitute purchase
money Liens (i) on equipment acquired or held by the Company incurred for financing the acquisition of the equipment securing
no more than Seven Hundred Fifty Thousand Dollars ($750,000.00) in the aggregate amount outstanding, or (ii) existing on equipment
when acquired, if the Lien is confined to the property and improvements and the proceeds of the equipment.

 

		b.	After-Acquired Property.
                                         If the Company shall at any time acquire a commercial tort claim having a value in excess
                                         of Fifty Thousand Dollars ($50,000), as defined in the Code, the Company shall immediately
                                         notify each Subscriber in writing signed by the Company of the brief details thereof
                                         and grant to each Subscriber in such writing a security interest therein and in the proceeds
                                         thereof, all upon the terms of this Agreement, with such writing to be in form and substance
                                         satisfactory to each Subscriber.

 

		c.	Duration of Security Interest.
                                         Each Subscriber’s security interest in the Collateral shall continue until the
                                         payment in full and the satisfaction of all Obligations (other than inchoate indemnification
                                         and similar obligations), whereupon such security interest shall automatically terminate.
                                         Each Subscriber shall, at the Company’s sole cost and expense, execute such further
                                         documents and take such further actions as may be reasonably necessary to make effective
                                         the release contemplated by this Section 5(c), including duly authorizing and delivering
                                         termination statements for filing in all relevant jurisdictions under the Code.

 

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		d.	Location and Possession of
                                         Collateral. The Collateral is and shall remain in the possession of the Company at
                                         its corporate headquarters or at such other location specified in writing by the Company
                                         to each Subscriber. The Company shall remain in full possession, enjoyment and control
                                         of the Collateral (except only as may be otherwise required by each Subscriber for perfection
                                         of the security interests therein created hereunder) and so long as no Event of Default
                                         (as defined in the Notes) has occurred and is continuing, shall be entitled to manage,
                                         operate and use the same and each part thereof with the rights and franchises appertaining
                                         thereto; provided that the possession, enjoyment, control and use of the Collateral shall
                                         at all time be subject to the Company’s observance and performance of the terms
                                         of this Agreement.

  

		e.	Delivery of Additional Documentation
                                         Required. The Company shall from time to time execute and deliver to each Subscriber,
                                         at the request of such Subscriber, all financing statements and other documents such
                                         Subscriber may reasonably request, in form satisfactory to such Subscriber, to perfect
                                         and continue such Subscriber’s perfected security interests in the Collateral and
                                         in order to consummate fully all of the transactions contemplated under the Transaction
                                         Documents.

 

		f.	Right to Inspect. Each
                                         Subscriber (through any of its officers, employees, or agents) shall have the right,
                                         upon reasonable prior notice, from time to time during the Company’s usual business
                                         hours, to inspect the books and records of the Company and to make copies thereof and
                                         to inspect, test, and appraise the Collateral in order to verify the Company’s
                                         financial condition or the amount, condition of, or any other matter relating to, the
                                         Collateral. Notwithstanding the foregoing, so long as no Event of Default (as defined
                                         in the Note) shall be continuing, the inspection rights shall be exercised no more frequently
                                         than one (1) per year.

 

		g.	Protection of Intellectual
                                         Property. The Company shall:

 

	i.		protect, defend and maintain the validity
                                         and enforceability of its Intellectual Property and promptly advise each Subscriber in
                                         writing of material infringements;

 

	ii.		not allow any Intellectual Property
                                         material to the Company’s business to be abandoned, forfeited or dedicated to the
                                         public without each Subscriber’s written consent;

 

	iii.		provide written notice to each Subscriber
                                         within ten (10) days of entering or becoming bound by any Restricted License (as defined
                                         below) (other than over-the-counter software that is commercially available to the public);
                                         and

 

	iv.		take such commercially reasonable
                                         steps as each Subscriber reasonably requests to obtain the consent of, or waiver by,
                                         any person whose consent or waiver is necessary for (i) any Restricted License to be
                                         deemed “Collateral” and for each Subscriber to have a security interest in
                                         it that might otherwise be restricted or prohibited by law or by the terms of any such
                                         Restricted License, whether now existing or entered into in the future, and (ii) each
                                         Subscriber to have the ability in the event of a liquidation of any Collateral to dispose
                                         of such Collateral in accordance with or such Subscriber’s rights and remedies
                                         under this Agreement and the other Transaction Documents.

 

    	 	 9	 

     

    

 

		h.	Intellectual Property.

 

	i.		At each Subscriber’s request,
                                         the Company shall register or cause to be registered with the United States Copyright
                                         Office (i) any software (material to the business of the Company) developed or acquired
                                         by the Company in connection with any product developed or acquired for sale or licensing,
                                         (ii) any software (material to the business of the Company) developed or acquired by
                                         the Company hereafter from time to time in connection with any product developed or acquired
                                         for sale or licensing, and (iii) any major revisions or upgrades to any software that
                                         has previously been registered by or on behalf of the Company with the United States
                                         Copyright Office.

 

	ii.		The Company shall promptly notify
                                         each Subscriber on a quarterly basis of the federal registration or filing by the Company
                                         of any patent or patent application, or trademark or trademark application, or copyright
                                         or copyright application and shall promptly execute and deliver to each Subscriber any
                                         grants of security interests in same, in form acceptable to such Subscriber, to file
                                         with the United States Patent and Trademark Office or the United States Copyright Office,
                                         as applicable.

 

		i.	Certain Definitions.

 

	i.		“Code” means
                                         the Uniform Commercial Code as adopted and in effect in the Commonwealth of Massachusetts,
                                         as amended from time to time; provided, however, that if by reason of mandatory
                                         provisions of law, the creation and/or perfection or the effect of perfection or non-perfection
                                         of the security interest in any Collateral is governed by the Uniform Commercial Code
                                         as in effect in a jurisdiction other than the Commonwealth of Massachusetts, the term
                                         “Code” shall also mean the Uniform Commercial Code as in effect from time
                                         to time in such jurisdiction for purposes of the provisions hereof relating to such creation,
                                         perfection or effect of perfection or non-perfection.

 

	ii.		“Intellectual Property”
                                         means, with respect to any person, all of such person’s right, title and interest
                                         in and to patents, patent rights (and applications and registrations therefor and divisions,
                                         continuations, renewals, reissues, extensions and continuations-in-part of the same),
                                         trademarks and service marks (and applications and registrations therefor and the goodwill
                                         associated therewith), whether registered or not, inventions, copyrights (including applications
                                         and registrations therefor and like protections in each work or authorship and derivative
                                         work thereof), whether published or unpublished, mask works (and applications and registrations
                                         therefor), trade names, trade styles, software and computer programs, source code, object
                                         code, trade secrets, licenses, methods, processes, know how, drawings, specifications,
                                         descriptions, and all memoranda, notes, and records with respect to any research and
                                         development, all whether now owned or subsequently acquired or developed by such person
                                         and whether in tangible or intangible form or contained on magnetic media readable by
                                         machine together with all such magnetic media (but not including embedded computer programs
                                         and supporting information included within the definition of “goods” under
                                         the Code).

 

    	 	 10	 

     

    

 

	iii.		“Lien”
                                         means any voluntary or involuntary security interest, pledge, bailment, lease, mortgage,
                                         hypothecation, conditional sales and title retention agreement, encumbrance or other
                                         lien with respect to any Property (as defined below) in favor of any person.

 

	iv.		“Obligations”
                                         means all debt, principal, interest, fees, charges, and other amounts, obligations, covenants,
                                         and duties owing by the Company to the applicable Subscriber of any kind and description
                                         arising under by the Transaction Documents (other than the Warrants) and whether or not
                                         for the payment of money, whether direct or indirect, absolute or contingent, due or
                                         to become due, now existing or hereafter arising.

 

	v.		“Property”
                                         means any interest in any kind of property or asset, whether real, personal or mixed,
                                         whether tangible or intangible.

 

	vi.		“Restricted License”
                                         means any license or other agreement with respect to which the Company is the licensee
                                         and such license or agreement is material to the Company’s business and (a) that
                                         prohibits or otherwise restricts the Company from granting a security interest in the
                                         Company’s interest in such license or agreement or any other property or (b) for
                                         which a default under or termination of could interfere with the Subscribers’ right
                                         to sell any Collateral.

 

		6.	Conditions to Company’s
                                         Obligations at Closing. The Company’s obligation to complete the sale and issuance
                                         of the Notes and Warrants and deliver the Notes and the Warrants to each Subscriber,
                                         individually, at the Closing shall be subject to the following conditions to the extent
                                         not waived by the Company:

 

		a.	Receipt of Payment. The
                                         Company shall have received payment, by certified or other bank check or by wire transfer
                                         of immediately available funds, in the full amount of the “Note Principal Amount”
                                         set forth with such Subscriber’s signature on the signature page hereto.

 

		b.	Representations and Warranties.
                                         The representations and warranties made by such Subscriber in Section 3 hereof shall
                                         be true and correct in all material respects as of the Closing Date (except to the extent
                                         any such representation and warranty is qualified by materiality or reference to Material
                                         Adverse Effect, in which case, such representation and warranty shall be true and correct
                                         in all respects as so qualified), except to the extent any such representation or warranty
                                         expressly speaks as of an earlier date, in which case such representation or warranty
                                         shall be true and in all material respects correct as of such earlier date (except in
                                         each case to the extent any such representation and warranty is qualified by materiality
                                         or reference to Material Adverse Effect, in which case, such representation and warranty
                                         shall be true and correct in all respects as so qualified). Such Subscriber shall have
                                         performed in all material respects all obligations and covenants herein required to be
                                         performed by it on or prior to the Closing Date.

 

		c.	Receipt of Executed Transaction
                                         Documents. Such Subscriber shall have executed and delivered to the Company the applicable
                                         Transaction Documents.

  

    	 	 11	 

     

    

 

		d.	Judgments. No judgment,
                                         writ, order, injunction, award or decree of or by any court, or judge, justice or magistrate,
                                         including any bankruptcy court or judge, or any order of or by any governmental authority,
                                         shall have been issued, and no action or proceeding shall have been instituted by any
                                         governmental authority, enjoining or preventing the consummation of the transactions
                                         contemplated hereby.

 

		e.	Consents. All necessary
                                         consents of any third parties with respect to the execution, delivery and performance
                                         of the Transaction Documents shall have been received.

 

		7.	Conditions to Subscribers’
                                         Obligations at Closing. Each Subscriber’s obligation to purchase and pay for
                                         the Notes and Warrants at the Closing shall be subject to the following conditions to
                                         the extent not waived by the applicable Subscriber:

 

		a.	Representations and Warranties
                                         Correct. The representations and warranties made by the Company in Section 2 hereof
                                         shall be true and correct in all material respects as of the Closing Date (except to
                                         the extent any such representation and warranty is qualified by materiality or reference
                                         to Material Adverse Effect, in which case, such representation and warranty shall be
                                         true and correct in all respects as so qualified), except to the extent any such representation
                                         or warranty expressly speaks as of an earlier date, in which case such representation
                                         or warranty shall be true and in all material respects correct as of such earlier date
                                         (except in each case to the extent any such representation and warranty is qualified
                                         by materiality or reference to Material Adverse Effect, in which case, such representation
                                         and warranty shall be true and correct in all respects as so qualified). The Company
                                         shall have performed in all material respects all obligations and covenants herein required
                                         to be performed by it on or prior to the Closing Date.

 

		b.	Receipt of Executed Transaction
                                         Documents. The Company shall have executed and delivered to each Subscriber the applicable
                                         Transaction Documents.

 

		c.	Judgments. No judgment,
                                         writ, order, injunction, award or decree of or by any court, or judge, justice or magistrate,
                                         including any bankruptcy court or judge, or any order of or by any governmental authority,
                                         shall have been issued, and no action or proceeding shall have been instituted by any
                                         governmental authority, enjoining or preventing the consummation of the transactions
                                         contemplated hereby.

 

		d.	Consents. All necessary
                                         consents of any third parties with respect to the execution, delivery and performance
                                         of the Transaction Documents shall have been received.

 

		8.	Binding Effect. Each Subscriber
                                         hereby acknowledges and agrees that this Agreement shall be binding upon and inure to
                                         the benefit of the parties and their successors, legal representatives and permitted
                                         assigns.

 

		9.	Modification. This Agreement
                                         shall not be modified or waived except by an instrument in writing signed by the Company
                                         and the majority by the holders of Notes representing at least fifty percent (50%) of
                                         the aggregate principal amount of the Notes then outstanding; provided, however,
                                         that this Agreement may not be amended, and no provision hereof may be waived, in each
                                         case, in any way which would adversely affect the rights of a Subscriber in a manner
                                         disproportionate to any adverse effect such amendment or waiver would have on the rights
                                         of the other Subscribers, without the consent of such Subscriber.

 

    	 	 12	 

     

    

 

		10.	Third-Party Beneficiary.
                                         This 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 or entity.

 

		11.	Notices. Any notice or
                                         other communication required or permitted to be given hereunder shall be in writing and
                                         shall be mailed by certified mail, return receipt requested, or delivered against receipt
                                         to the party to whom it is to be given (a) if to the Company, to Interleukin Genetics,
                                         Inc., 135 Beaver Street, Waltham, Massachusetts 02452, Attention: Chief Executive Officer,
                                         with a copy to Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., One Financial Center,
                                         Boston, Massachusetts, 02111, Attention: Daniel T. Kajunski, e-mail: DTKajunski@mintz.com,
                                         or (b) if to a Subscriber, at the applicable address set forth on the signature page
                                         hereof (or, in either case, to such other address as the party shall have furnished in
                                         writing in accordance with the provisions of this Section 11). Any notice or other communication
                                         given by certified mail shall be deemed given at the time of certification thereof, except
                                         for a notice changing a party’s address which shall be deemed given at the time
                                         of receipt thereof.

 

		12.	Assignability. This Agreement
                                         and the rights, interests and obligations hereunder are not transferable or assignable
                                         by the Subscribers, and the transfer or assignment of the Notes, the Conversion Shares,
                                         the Warrants or the Warrant Shares shall be made only in accordance with all applicable
                                         laws and the terms of the Notes and the Warrants.

 

		13.	Applicable Law. This Agreement
                                         shall be governed by and construed in accordance with the laws of the Commonwealth of
                                         Massachusetts, without reference to the principles thereof relating to the conflict of
                                         laws.

 

		14.	Blue Sky Qualification.
                                         The purchase of the Securities under this Agreement is expressly conditioned upon the
                                         exemption from qualification of the offer and sale of the Notes and Warrants from applicable
                                         federal and state securities laws. The Company shall not be required to qualify this
                                         transaction under the securities laws of any jurisdiction and, should qualification be
                                         necessary, the Company shall be released from any and all obligations to maintain its
                                         offer, and may rescind any sale contracted, in the jurisdiction.

 

		15.	Use of Pronouns.  
                                         All pronouns and any variations thereof used herein shall be deemed to refer to the masculine,
                                         feminine, neuter, singular or plural as the identity of the person or persons referred
                                         to may require.

 

		16.	No Short Selling. Each
                                         Subscriber agrees that during the period of twelve (12) months following the Closing
                                         Date, such Subscriber will not, directly or indirectly, effect or agree to effect any
                                         Short Sale (as defined in rule 200 of Regulation SHO under the Exchange Act) with respect
                                         to any shares of Common Stock, whether or not against the box, establish any “put
                                         equivalent position” (as defined in Rule 16a-1(h) under the Exchange Act) with
                                         respect to any shares of Common Stock, borrow or pre-borrow any shares of Common Stock,
                                         or grant any other right (including, without limitation, any put or call option) with
                                         respect to shares of the Common Stock, or, in each case, with respect to any security
                                         that includes, is convertible into or exercisable for or derives any significant part
                                         of its value from shares of the Common Stock or otherwise seek to hedge such Subscriber’s
                                         position in the Common Stock.

 

    	 	 13	 

     

    

 

		17.	Miscellaneous.

 

		a.	This Agreement, together with
                                         the Note and Warrant and any confidentiality agreement between each Subscriber and the
                                         Company, constitute the entire agreement between such Subscriber and the Company with
                                         respect to the offering and issuance of the Notes and Warrants and supersedes all prior
                                         oral or written agreements and understandings, if any, relating to the subject matter
                                         hereof.

 

		b.	The representations and warranties
                                         of the Company and the Subscribers made in this Agreement shall survive the execution
                                         and delivery hereof and delivery of the Notes and the Warrants for a period of twelve
                                         (12) months following the Closing Date.

 

		c.	Each of the parties hereto shall
                                         pay its own fees and expenses (including the fees of any attorneys, accountants, appraisers
                                         or others engaged by such party) in connection with this Agreement and the transactions
                                         contemplated hereby, whether or not the transactions contemplated hereby are consummated.

 

		d.	This Agreement may be executed
                                         in one or more original or facsimile or by an e-mail which contains a portable document
                                         format (.pdf) file of an executed signature page counterparts, each of which shall be
                                         deemed an original, but all of which shall together constitute one and the same instrument
                                         and which shall be enforceable against the parties actually executing such counterparts.
                                         The exchange of copies of this Agreement and of signature pages by facsimile transmission
                                         or in .pdf format shall constitute effective execution and delivery of this Agreement
                                         as to the parties and may be used in lieu of the original Agreement for all purposes.
                                         Signatures of the parties transmitted by facsimile or by e-mail of a document in pdf
                                         format shall be deemed to be their original signatures for all purposes.

 

		e.	Each provision of this Agreement
                                         shall be considered separable and, if for any reason any provision or provisions hereof
                                         are determined to be invalid or contrary to applicable law, such invalidity or illegality
                                         shall not impair the operation of or affect the remaining portions of this Agreement.

 

		f.	Paragraph titles are for descriptive
                                         purposes only and shall not control or alter the meaning of this Agreement as set forth
                                         in the text.

 

		g.	Each Subscriber hereby agrees
                                         to furnish the Company such other information as the Company may reasonably request with
                                         respect to its subscription hereunder and the transactions contemplated by then Transaction
                                         Documents.

 

		18.	Public Disclosure. None
                                         of the Subscribers, nor any officer, manager, director, member, partner, stockholder,
                                         employee, affiliate, affiliated person or entity of any Subscriber shall make or issue
                                         any press releases or otherwise make any public statements or make any disclosures to
                                         any third person or entity with respect to the transactions contemplated herein and will
                                         not make or issue any press releases or otherwise make any public statements of any nature
                                         whatsoever with respect to the Company without the Company’s express prior approval.
                                         The Company has the right to withhold such approval in its sole discretion.

 

    	 	 14	 

     

    

 

		19.	Independent Nature of Each
                                         Subscriber’s Obligations and Rights. For avoidance of doubt, the obligations
                                         of each Subscriber under this Agreement are several and not joint with the obligations
                                         of any other Subscriber hereunder.

 

		20.	Increase in Authorized Shares
                                         of Common Stock. If the Company does not have a sufficient number of authorized,
                                         but unissued, shares of Common Stock to cover the full conversion of the Notes under
                                         Section 5(b) thereof and the full exercise of the Warrants at Closing, following the
                                         Closing, the Company shall file the Certificate of Amendment to the Certificate of Incorporation
                                         approved by the stockholders of the Company at the 2016 annual meeting of stockholders
                                         held on October 20, 2016 to increase the authorized shares of Common Stock to 650,000,000
                                         shares.

 

[SIGNATURE PAGE FOLLOWS.]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, this
Subscription Agreement has been duly executed and delivered by each Party as of the date first above written.

 

The
Company

  

	Interleukin Genetics, Inc.	 
		 
	By:	/s/
Mark Carbeau	 
	 	Name:	Mark Carbeau	 
	 	Title:  	CEO	 

  

    	 	 	 

     

    

 

THE
Subscribers

	 

        Bay
        City Capital Fund V, L.P.
	 
	 	 
	By:  Bay
    City Capital Management V LLC, its general partner	 
	By:  Bay
    City Capital LLC, its manager	 
	 	 
	By:	/s/
    Fred Craves	 
	 	Name:	 	 
	 	Title:	Manager
    and Managing Director	 
	 	Address:	 

        
	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	Note Principal
    Amount:	$490,650.00	 
	 

        Bay
        City Capital Fund V Co-Investment, L.P.
	 
	 	 
	By:  Bay
    City Capital Management V LLC, its general partner	 
	By:  Bay
    City Capital LLC, its manager	 
	 	 
	By:	/s/
    Fred Craves	 
	 	Name:	 	 
	 	Title:	Manager
    and Managing Director	 
	 	Address:	 	 
	 	 	 	 
	 	 	 	 
	 	 	  
	 
	 	Note Principal
    Amount:	$9,350.00	 

 

In each case, with a copy (which shall not constitute notice)
to;

 

Stradling Yocca Carlson & Rauth, P.C.

660 Newport Center Drive, Suite 1600

Newport Beach, CA 92660

		Attn:	Michael Lawhead

		Email:	mlawhead@sycr.com

 

[Signature Page to Subscription Agreement]

 

    	 	 	 

     

    

 

THE
Subscribers

 

	
        Horizon Technology Finance
Corporation
	 
	 	 
	 	 
	By:	 /s/ Robert D. Pomeroy, Jr.	 
	 	Name: 	Robert D. Pomeroy, Jr. 	 
	 	Title:	Chief Executive Officer	 
	 	Address:	312 Farmington Avenue	
	 	 	
        Farmington,
        CT 05032
	 
	 	 	
        Attn:
        Legal Department
	 
	 	 	 	 
	 	Note Principal Amount:	$500,000.00	 

  

[Signature Page to Subscription Agreement]EX-10.1

Exhibit 10.1

Alaska Communications

Hand Delivered

April 3, 2017

Randy Ritter

Senior Vice President, Shared Services

Dear Randy:

I am pleased to offer you an increase to your base pay in the position of Senior Vice President,
Shared Services with Alaska Communications. The increase will be effective June 25, 2017. We are
a customer driven organization and you will continue to play a crucial role executing this strategy
with our existing and future customers.

Your salary will be $265,000, delivered in bi-weekly payrolls, and a $159,000 (60% of your base
salary rate) target annual cash incentive for an annualized target cash compensation total of
$424,000.

Your actual incentive payment (a) will vary based on your and our Company’s performance, (b) is
earned and paid only after completion of the year-end financial audit, (c) is paid only to
employees who continue to be regular, full time employees at the time payment is made in the year
following the performance year, and (d) is pro-rated your first year based on your actual time in
the position.

Another substantial component of your total compensation in this job is a target annual long-term
incentive compensation award. Your total annual target long-term incentive compensation award as
Senior Vice President, Shared Services will be 84% of your base salary rate, comprised equally of
Performance Stock Units and Restricted Stock Units. We determine actual awards based on your role
and performance of that role, and prorate for your actual time in the position. All awards are
contingent upon Board of Directors (BOD) approval, governing plan documents, and your execution of
required award documents.

Alaska Communications has developed a Corporate Compliance Program (CCP) and Protection of
Proprietary Information Policy (PIP) to help employees meet the Company’s expectations. Adherence
to all Alaska Communications Policies & Procedures is a condition of employment at Alaska
Communications and new hires are expected to confirm their willingness to comply in writing.
Copies of the current versions of both the CCP and PIP are attached for your advance review. By
accepting our offer, you are agreeing to comply with these policies, as they may be amended from
time to time in the future, and certify you are not obligated by any previously signed agreements
that will preclude you from working at Alaska Communications.

In your position as an officer of our company, you will become privy to confidential and
highly-sensitive competitive and proprietary information concerning our business, including but not
limited to our customers, the products and services we offer, our finances, our business
strategies, and our future plans. You agree that during your employment with us, and for a period
of twelve months after termination of your employment, you will not become an officer, director,
employee, contractor, consultant, partner, joint-venture, or otherwise enter a business
relationship or service with any competitor of Alaska Communications in the markets we are serving
at the time your employment terminates; and for a period of twelve months after termination of your
employment you also agree that you will not offer, encourage or solicit any other officer or
employee of Alaska Communications to leave the company or enter into an employment or business
relationship with you or your subsequent employer. If and when you leave Alaska Communications,
you agree that you will not make any disparaging statements, whether oral or written, about the
company, its officers, directors, or employees or any aspect of its business. In addition, you
agree to always protect all Alaska Communications’ confidential and proprietary information you
learned as a result of your employment with us in accordance with the CCP and PIP.

As Senior Vice President, Shared Services you will also be covered by the Alaska Communications
Officer Severance Policy. It may be modified in the future and, as modified, will apply to you.

Business conditions change from time to time and the commitment to provide continuing employment
and your total compensation package depends upon the Company’s success and continuing business
requirements. As a result, I feel a responsibility to advise you that Alaska Communications is an
“at will” employer. This means that either you or the Company can terminate the employment
relationship at any time for any reason, with or without cause. While I feel the need to share
these cautions, please also know that I feel confident that you are joining an organization that
will prevail as the premier Alaskan communications service provider.

Randy, I’m looking forward to watching teams grow under your leadership. If you have questions
about this offer, please do not hesitate to speak with me.

Respectfully yours,

/s/ Anand Vadapalli

Anand Vadapalli

Chief Executive Officer & President

cc: Employee File

Accepted: /s/ Randy Ritter Date: April 3, 2017

Randy Ritter

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