Document:

EX-10.3

 Exhibit 10.3 

FORM OF LOCK-UP AGREEMENT 

March 8, 2018 
 Sellas Life Sciences Group, Inc.: 

 

	 	Re:	Securities Purchase Agreement, dated as of March 7, 2018 (the “Purchase Agreement”), between SELLAS Life Sciences Group, Inc., a Delaware corporation (the “Company”) and the
purchasers signatory thereto (each, a “Purchaser” and, collectively, the “Purchasers”) 

 Ladies and
Gentlemen: 
 Defined terms not otherwise defined in this letter agreement (the “Letter Agreement”) shall have the meanings
set forth in the Purchase Agreement. Pursuant to Section 2.2(a)(v) of the Purchase Agreement and in satisfaction of a condition of the Company’s obligations under the Purchase Agreement, the undersigned irrevocably agrees with the Company
that, from the date hereof until the earlier of (i) the six month anniversary of the First Closing and (ii) the initial closing date of a Qualified Offering (such period, the “Restriction Period”), the undersigned will not
offer, sell, contract to sell, hypothecate, pledge or otherwise dispose of (or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic
disposition due to cash settlement or otherwise) by the undersigned or any Affiliate of the undersigned or any person in privity with the undersigned or any Affiliate of the undersigned), directly or indirectly, including the filing (or
participation in the filing) of a registration statement with the Commission in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Exchange
Act with respect to, any shares of Common Stock or Common Stock Equivalents beneficially owned, held or hereafter acquired by the undersigned (the “Securities”), other than: (A) exercise of stock options or warrants to purchase
shares of Common Stock or the vesting of stock awards of Common Stock and any related transfer of shares of Common Stock to the Company in connection therewith (x) deemed to occur upon the “cashless” or “net” exercise of
such options or warrants or (y) for the purpose of paying the exercise price of such options or warrants or for paying taxes due as a result of the exercise of such options or warrants, the vesting of such options, warrants or stock awards, or
as a result of the vesting of such shares of Common Stock, it being understood that all shares of Common Stock received upon such exercise, vesting or transfer will remain subject to the restrictions of this Agreement during the Restriction Period;
(B) transfers to the spouse, domestic partner, parent, child or grandchild of the undersigned (each, an “Immediate Family Member”) or to a trust formed for the direct or indirect benefit of the undersigned or an Immediate
Family Member, in each case, for estate planning purposes; (C) transfers by will, other testamentary document or intestate succession to the legal representative, heir, beneficiary, trustee or Immediate Family Member of the undersigned;
(D) as a bona fide gift or gifts; (E) as a distribution to partners, stockholders, members of or owners of similar equity interests in the undersigned, (F) to a corporation, partnership, limited liability company, investment
fund or other entity that controls or is controlled by, or is under common control with, the undersigned, or is wholly owned by the undersigned, or, in the case of an investment fund, 

 
that is managed by, or is under common management with, the undersigned (including, for the avoidance of doubt, a fund managed by the same manager or managing member or general partner or
management company or by an entity controlling, controlled by, or under common control with such manager or managing member or general partner or management company as the undersigned or who shares a common investment advisor with the undersigned);
(G) the establishment of a trading plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, for the transfer of shares of Common Stock or securities convertible into or exchangeable
for Common Stock, provided that such plan does not provide for the transfer of shares of Common Stock during the Restriction Period and no filing or other public announcement shall be made during the Restriction Period; and (H) pursuant to a
bona fide third party tender offer, merger, consolidation or other similar transaction made to all holders of Securities involving a Change of Control (as defined below) of the Company; provided, however, that in the event that the
tender offer, merger, consolidation or other such transaction is not completed, the Securities owned by the undersigned shall remain subject to the restrictions contained in this Letter Agreement (“Change of Control” shall mean the
transfer (whether by tender offer, merger, consolidation or other similar transaction), in one transaction or a series of related transactions, to a person or group of affiliated persons, of the Company’s voting securities if, after such
transfer, such person or group of affiliated persons would hold more than 50% of the outstanding voting securities of the Company (or the surviving entity)); provided that, in the case of any transfer or distribution pursuant to clauses
(B)—(F), it shall be a condition precedent to any such transfer or distribution that (1) the transferee or recipient agrees to be bound in writing by the same restrictions set forth herein for the duration of the Restriction Period, and
(2) any such transfer or distribution shall not involve a disposition for value. 
 Beneficial ownership shall be calculated in
accordance with Section 13(d) of the Exchange Act. In order to enforce this covenant, the Company shall impose irrevocable stop-transfer instructions preventing the Transfer Agent from effecting any actions in violation of this Letter
Agreement. 
 The undersigned acknowledges that the execution, delivery and performance of this Letter Agreement is a material inducement to
each Purchaser to complete the transactions contemplated by the Purchase Agreement and that each Purchaser (which shall be a third party beneficiary of this Letter Agreement) and the Company shall be entitled to specific performance of the
undersigned’s obligations hereunder. The undersigned hereby represents that the undersigned has the power and authority to execute, deliver and perform this Letter Agreement, that the undersigned has received adequate consideration therefor and
that the undersigned will indirectly benefit from the closing of the transactions contemplated by the Purchase Agreement. 
 This Letter
Agreement may not be amended or otherwise modified in any respect without the written consent of the Company and the undersigned. This Letter Agreement shall be construed and enforced in accordance with the laws of the State of New York without
regard to the principles of conflict of laws. The undersigned hereby irrevocably submits to the exclusive jurisdiction of the United States District Court sitting in the Southern District of New York and the courts of the State of New York located
in Manhattan, for the purposes of any suit, action or proceeding arising out of or relating to this Letter Agreement, and hereby waives, and agrees not to assert in any such suit, action or proceeding, any claim that (i) it is not personally
subject to the jurisdiction of such court, (ii) the suit, action or proceeding is brought in an inconvenient 

  
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forum, or (iii) the venue of the suit, action or proceeding is improper. The undersigned hereby irrevocably waives personal service of process and consents to process being served in any
such suit, action or proceeding by receiving a copy thereof sent to the Company at the address in effect for notices to it under the Purchase Agreement and agrees that such service shall constitute good and sufficient service of process and notice
thereof. The undersigned hereby waives any right to a trial by jury. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. The undersigned agrees and understands that this Letter
Agreement does not intend to create any relationship between the undersigned and each Purchaser and that each Purchaser is not entitled to cast any votes on the matters herein contemplated and that no issuance or sale of the Securities is created or
intended by virtue of this Letter Agreement. 
 This Letter Agreement shall be binding on successors and assigns of the undersigned with
respect to the Securities and any such successor or assign shall enter into a similar agreement for the benefit of the Purchasers. 
 This
Letter Agreement shall automatically terminate, and the undersigned shall be released from its obligations hereunder upon the termination of the Purchase Agreement prior to payment for and delivery of the securities of the Company be sold
thereunder. 
 *** SIGNATURE PAGE FOLLOWS*** 

  
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 This Letter Agreement may be executed in two or more counterparts, all of which when taken
together may be considered one and the same agreement. 
  

	
	   

	Signature

  

	
	   

	Print Name

  

	
	   

	Position in Company
	
	Address for Notice:
	   

	
	   

	
	   

	Number of shares of Common Stock

  

	
	 
	Number of shares of Common Stock underlying subject to warrants, options, debentures or other convertible securities

 By signing below, the Company agrees to enforce the restrictions on transfer set forth in this Letter
Agreement. 
 SELLAS LIFE SCIENCES GROUP, INC. 

			
		
	By:	 	 

			
	Name: Angelos M. Stergiou, MD, ScD h.c.
	Title: President & Chief Executive Officer

  
 4wrd-ex46_52.htm

Exhibit 4.6

SECOND SUPPLEMENTAL INDENTURE

 

SECOND SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of January 8, 2018 among Burleson Sand LLC (the “Guaranteeing Subsidiary”), a subsidiary of WildHorse Resource Development Corporation, a Delaware corporation (the “Issuer”), the other Guarantors (as defined in the Indenture referred to herein) and U.S. Bank National Association, as trustee under the Indenture referred to below (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, the Issuer has heretofore executed and delivered to the Trustee an indenture (the “Original Indenture”), dated as of February 1, 2017 providing for the issuance of 6.875% Senior Notes due 2025 (the “Notes”), as supplemented by that certain First Supplemental Indenture, dated as of June 30, 2017 (the “First Supplemental Indenture” and, together with the Original Indenture, the “Indenture”);

 

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally Guarantee all of the Issuer’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”); and

 

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.

 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary, the other Guarantors, the Issuer and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

 

	
1.
	
CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
	
 

 

	
2.
	
GUARANTEE. The Guaranteeing Subsidiary hereby unconditionally Guarantees all of the Issuer’s Obligations under the Notes and the Indenture on the terms and subject to the conditions set forth in the Indenture including but not limited to Article 10 thereof.
	
 

 

	
3.
	
NO RECOURSE AGAINST OTHERS. No director, officer, partner, employee, incorporator, manager or unitholder or other owner of Capital Stock of the Issuer or any Guarantor, as such, will have any liability for any obligations of the Issuer or the Guarantors under the Notes, the Indenture or the Note Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.
	
 

 

	
4.
	
NEW YORK LAW TO GOVERN. THE SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
	
 

 

 

US 5398377v.1

 

 

Exhibit 4.6

	
5.
	
COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
	
 

 

	
6.
	
EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof.
	
 

 

	
7.
	
THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary, the other Guarantors and the Issuer.
	
 

 

 

2
 

Exhibit 4.6

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as of the date first above   written.

 

BURLESON SAND LLC

By: WildHorse Resource Development Corporation, its sole member

 

	
 
	
By:
	
/s/ Andrew J. Cozby 
	
 

Name: Andrew J. Cozby

Title: Executive Vice President and Chief Financial Officer

 

 

WILDHORSE RESOURCE DEVELOPMENT CORPORATION

 

	
 
	
By:
	
/s/ Andrew J. Cozby
	
 

Name: Andrew J. Cozby

Title: Executive Vice President and Chief

          Financial Officer

 

WILDHORSE RESOURCES II, LLC,

By: WildHorse Resource Development Corporation, its sole member

ESQUISTO RESOURCES II, LLC,

By: WildHorse Resource Development Corporation, its sole member

WHE ACQCO., LLC,

By: WildHorse Resource Development Corporation, its sole member

WHR EAGLE FORD LLC

By: WildHorse Resource Development Corporation,  its sole member

 

By:/s/ Andrew J. Cozby 

Name: Andrew J.  Cozby

Title: Executive Vice President and Chief    

          Financial Officer

 

 

 

 

 

 

 

Exhibit 4.6

 

WILDHORSE RESOURCES MANAGEMENT COMPANY, LLC,

By: WildHorse Resources II, LLC, its sole member,

By: WildHorse Resource Development Corporation, its sole member

OAKFIELD ENERGY LLC,

By: WildHorse Resources II, LLC, its sole member,

By: WildHorse Resource Development Corporation, its sole member

 

	
 
	
By:
	
/s/ Andrew J. Cozby
	
 

Name: Andrew J. Cozby

Title:   Executive Vice President and Chief Financial Officer

 

 

PETROMAX E&P BURLESON, LLC,

By: Esquisto Resources II, LLC, its sole member,

By: WildHorse Resource Development Corporation, its sole member

 

By:/s/ Andrew J. Cozby

Name: Andrew J. Cozby

Title:   Executive Vice President and Chief 

       Financial Officer

 

 

BURLESON  WATER  RESOURCES, LLC,

By: Esquisto Resources II, LLC, its sole member,

By: WildHorse Resource Development Corporation, its sole member

 

By:/s/ Andrew J. Cozby

Name: Andrew J. Cozby

	
 
	
Title:
	
Executive Vice President and Chief Financial Officer
	
 

 

 

 

 

Exhibit 4.6

 

 

 

U.S.  BANK  NATIONAL ASSOCIATION,

As Trustee

 

	
 
	
By:
	
/s/ Paula Oswald 
	
 

Name: Paula Oswald

Title:   Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5

US 5398377v. l

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