Document:

THIRD AMENDMENT TO CONVERTIBLE PROMISSORY NOTE

 

	 

	 

THIS THIRD AMENDMENT TO CONVERTIBLE PROMISSORY NOTE (this “Amendment”) is entered into as of December 31, 2018, by and between MOUNT TAM BIOTECHNOLOGIES, INC., a Nevada corporation (“Maker”), and Fromar Investments, LP (“Holder”).

 

RECITALS

 

A.Maker and Holder entered into that certain Convertible Promissory Note as of March 5, 2018 (the “Note”), which Note was amended as of September 24, 2018 pursuant to that certain Amendment to Convertible Promissory Note and again on November 14, 2018 pursuant to that Second Amendment to Convertible Promissory Note.  

 

B.Maker and Holder have agreed to further amend the Note pursuant to the terms set forth herein.  

 

NOW THEREFORE, in consideration of the above recitals and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties agree as follows:

 

1.The Note is hereby amended by extending the Maturity Date thereof to March 31, 2019. 

 

2.This Amendment supersedes any and all other provisions of the Note which are in conflict with this instrument. 

 

3.This Amendment constitutes the full and complete agreement between the parties hereto.  All other provisions of the Note, as amended, not modified herein shall remain in full force and effect and are incorporated herein. 

 

 

 

[Signature page follows]

 

IN WITNESS WHEREOF, the parties have executed this Third Amendment to Convertible Promissory Note effective as of the effective date set forth above.

 

 

 

	 

	MAKER:

 

MOUNT TAM BIOTECHNOLOGIES, INC.

 

 

By:/s/ Richard Marshak 

Name:Richard Marshak 

Title:Chief Executive Officer 

 

 

 

	 

	HOLDER:

 

Fromar Investments, LP

 

 

By:/s/ Doug Froese 

Name:Doug Froese 

Title: Chief Financial Officer 

 

 

Signature Page to Third Amendment to Convertible Promissory NoteFOURTH AMENDMENT TO AMENDED AND RESTATED CONVERTIBLE PROMISSORY NOTE

 

	 

	 

THIS FOURTH AMENDMENT TO AMENDED AND RESTATED CONVERTIBLE PROMISSORY NOTE (this “Amendment”) is entered into as of December 31, 2018, by and between MOUNT TAM BIOTECHNOLOGIES, INC., a Nevada corporation (“Maker”), and 0851229 BC Ltd. (“Holder”).

 

RECITALS

 

A.Maker and Holder entered into that certain Convertible Promissory Note on March 23, 2016 (the “Note”). 

 

B.The Note was amended and restated by Maker and Holder pursuant to that certain Second Amended and Restated Secured Convertible Promissory Note entered into as of June 13, 2016, amended on March 5, 2018 pursuant to that certain Amendment to Secured Convertible Promissory Note, amended on September 24, 2018 pursuant to that certain Second Amendment to Amended and Restated Convertible Promissory Note and again on November 14, 2018 pursuant to that certain Third Amendment to Amended and Restated Convertible Promissory Note. 

 

C.Maker and Holder have agreed to further amend the Note pursuant to the terms set forth herein.  

 

NOW THEREFORE, in consideration of the above recitals and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties agree as follows:

 

1.The Note is hereby amended by extending the Maturity Date thereof to March 31, 2019. 

 

2.This Amendment supersedes any and all other provisions of the Note which are in conflict with this instrument. 

 

3.This Amendment constitutes the full and complete agreement between the parties hereto.  All other provisions of the Note, as amended, not modified herein shall remain in full force and effect and are incorporated herein. 

 

 

 

[Signature page follows]

 

IN WITNESS WHEREOF, the parties have executed this Fourth Amendment to Amended and Restated Convertible Promissory Note effective as of the effective date set forth above.

 

 

 

	 

	MAKER:

 

MOUNT TAM BIOTECHNOLOGIES, INC.

 

 

By:/s/ Richard Marshak 

Name:Richard Marshak 

Title:Chief Executive Officer 

 

 

 

	 

	HOLDER:

 

0851229 BC Ltd.

 

 

By:/s/ Doug Froese 

Name:Doug Froese 

Title: Director 

 

 

 

Signature Page to Fourth Amendment to Amended and Restated Convertible Promissory NoteExhibit
10.1

 

  EXECUTION COPY

 

SEPARATION
AND DISTRIBUTION AGREEMENT

 

This
SEPARATION AND DISTRIBUTION AGREEMENT (this “Agreement”) is made and entered into as of January 4, 2019,
by and between MYND ANALYTICS, INC., a Delaware corporation (“Parent”), and MYND ANALYTICS, INC., a
California corporation and a direct wholly owned subsidiary of Parent (“MYnd California”). Capitalized
terms used herein and not otherwise defined shall have the respective meanings assigned to them in Article I.

 

RECITALS

 

WHEREAS,
contemporaneously with the execution of this Agreement, Parent, ATHENA MERGER SUBSIDIARY INC., a Delaware corporation and a direct
wholly owned subsidiary of Parent (“Merger Sub”), and EMMAUS LIFE SCIENCES, INC., a Delaware corporation
(the “Emmaus”), are entering into an Agreement and Plan of Merger and Reorganization (the “Merger
Agreement”) pursuant to which Merger Sub will merge with and into Emmaus with Emmaus surviving as a wholly owned
subsidiary of Parent (the “Merger”);

 

WHEREAS,
the execution, delivery of this Agreement, and the consummation of the transactions contemplated by this Agreement are contemplated
by the Merger Agreement, and Parent has represented to Emmaus in the Merger Agreement that certain of the transactions contemplated
by this Agreement will be consummated prior to or contemporaneously with the closing of the Merger;

 

WHEREAS,
the board of directors of Parent (the “Parent Board”) has determined that it is in the best interests
of Parent and its stockholders to separate the MYnd California Business from Parent (the “Separation”)
and, following the Separation, make a distribution on a pro rata basis, to holders on the Record Date of Parent Shares and Other
Parent Securities, of all of the outstanding MYnd California Shares owned by Parent (the “Distribution”);

 

WHEREAS,
MYnd California and Parent have prepared, and MYnd California will file with the SEC, the Form 10, which will set forth disclosure
concerning MYnd California, the Separation and the Distribution; and

 

WHEREAS,
each of Parent and MYnd California has determined that it is appropriate and desirable to set forth the principal corporate transactions
required to effect the Separation and the Distribution and certain other agreements that will govern certain matters relating
to the Separation and the Distribution and the relationship of Parent and MYnd California following the Distribution.

 

NOW,
THEREFORE, in consideration of the mutual agreements, provisions and covenants contained in this Agreement, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally
bound, hereby agree as follows:

 

    

     

    

 

Article
I.

DEFINITIONS

 

For
the purpose of this Agreement, the following terms shall have the following meanings:

 

“Action”
shall mean any demand, action, claim, dispute, suit, countersuit, arbitration, inquiry, subpoena, proceeding or investigation
of any nature (whether criminal, civil, legislative, administrative, regulatory, prosecutorial or otherwise) by or before any
federal, state, local, foreign or international Governmental Authority or any arbitration or mediation tribunal.

 

“Affiliate”
means with respect to any Person, any other Person controlling, controlled by, or under common control with such Person. As used
in this definition, “control” (including, with its correlative meanings, “controlled by” and “under
common control with”) means the possession, directly or indirectly, of power to direct or cause the direction of the management
and policies of a Person whether through the ownership of voting securities, by contract or otherwise. It is expressly agreed
that, prior to, at and after the Effective Time, for purposes of this Agreement and the Ancillary Agreements, (a) no member of
the MYnd California Group shall be deemed to be an Affiliate of any member of the Parent Group and (b) no member of the Parent
Group shall be deemed to be an Affiliate of any member of the MYnd California Group.

 

“Agent”
shall mean the entity duly appointed by Parent to act as distribution agent, transfer agent and registrar for the MYnd California
Shares in connection with the Distribution.

 

“Agreement”
shall have the meaning set forth in the Preamble.

 

“Ancillary
Agreements” shall mean all agreements (other than this Agreement) entered into by the Parties or the members of
their respective Groups (but as to which no Third Party is a party) in connection with the Separation, the Distribution, or the
other transactions contemplated by this Agreement.

 

“Approvals
or Notifications” shall mean any consents, waivers, approvals, permits or authorizations to be obtained from, notices,
registrations or reports to be submitted to, or other filings to be made with, any third Person, including any Governmental Authority.

 

“Arbitration
Request” shall have the meaning set forth in Section 9.03(a).

 

“Assets”
shall mean, with respect to any Person, the assets, properties, claims and rights (including goodwill) of such Person, wherever
located (including in the possession of vendors or other third Persons or elsewhere), of every kind, character and description,
whether real, personal or mixed, tangible, intangible or contingent, in each case whether or not recorded or reflected or required
to be recorded or reflected on the books and records or financial statements of such Person, including rights and benefits pursuant
to any contract, license, permit, indenture, note, bond, mortgage, agreement, concession, franchise, instrument, undertaking,
commitment, understanding or other arrangement.

 

“Benefit
Plan” shall mean any contract, agreement, policy, practice, program, plan, trust, commitment or arrangement providing
for benefits, perquisites or compensation of any nature from an employer to any MYnd California Employee, or to any family member,
dependent, or beneficiary of any such MYnd California Employee, including cash or deferred arrangement plans, profit sharing plans,
post-employment programs, pension plans, thrift plans, supplemental pension plans, welfare plans, stock option, stock purchase,
stock appreciation rights, restricted stock, restricted stock units, performance stock units, other equity-based compensation
and contracts, agreements, policies, practices, programs, plans, trusts, commitments and arrangements providing for terms of employment,
fringe benefits, severance benefits, change in control protections or benefits, travel and accident, life, accidental death and
dismemberment, disability and accident insurance, tuition reimbursement, adoption assistance, travel reimbursement, vacation,
sick, personal or bereavement days, leaves of absences and holidays; provided, however, that the term “Benefit Plan”
does not include any government-sponsored benefits, such as workers’ compensation, unemployment or any similar plans, programs
or policies or Individual Agreements.

 

    2

     

    

 

“CEO
Negotiation Request” shall have the meaning set forth in Section 9.02.

 

“Code”
shall mean the Internal Revenue Code of 1986, as amended.

 

“Common
Parent” means the “common parent corporation” of an “affiliated group” (in each case, within
the meaning of Section 1504 of the Code) filing a U.S. federal consolidated Income Tax Return.

 

“Delayed
MYnd California Asset” shall have the meaning set forth in Section 2.05(b).

 

“Delayed
MYnd California Liability” shall have the meaning set forth in Section 2.05(b).

 

“Disclosure
Document” shall mean any registration statement (including the Form 10) filed with the SEC by or on behalf of any
Party or any member of its Group, and also includes any proxy statement, prospectus, offering memorandum, offering circular, periodic
report or similar disclosure document, whether or not filed with the SEC or any other Governmental Authority, in each case that
describes the Merger, the Separation or the Distribution or the MYnd California Group or primarily relates to the transactions
contemplated hereby.

 

“Dispute”
shall have the meaning set forth in Section 9.01.

 

“Distribution”
shall have the meaning set forth in the Recitals.

 

“Distribution
Date” shall mean the date of the consummation of the Distribution, which shall be determined by the Parent Board
in its sole and absolute discretion.

 

“Due
Date” means (a) with respect to a Tax Return, the date (taking into account all valid extensions) on which such
Tax Return is required to be filed under applicable Law and (b) with respect to a payment of Taxes, the date on which such payment
is required to be made to the applicable Taxing Authority to avoid the incurrence of interest, penalties and/or additions to Tax.

 

“Effective
Time” shall mean 12:01 a.m., Eastern standard time, on the Distribution Date.

 

“Environmental
Law” shall mean any Law relating to pollution, protection or restoration of or prevention of harm to the environment
or natural resources, including the use, handling, transportation, treatment, storage, disposal, Release or discharge of Hazardous
Materials or the protection of or prevention of harm to human health and safety.

 

    3

     

    

 

“Exchange
Act” shall mean the U.S. Securities Exchange Act of 1934, as amended, together with the rules and regulations promulgated
thereunder.

 

“Form
10” shall mean a registration statement on Form 10 to be filed by MYnd California with the SEC to effect the registration
of MYnd California Shares pursuant to the Exchange Act in connection with the Distribution, as such registration statement may
be amended or supplemented from time to time prior to the Distribution.

 

“Governmental
Approvals” shall mean any Approvals or Notifications to be made to, or obtained from, any Governmental Authority.

 

“Governmental
Authority” shall mean any U.S. or non-U.S., federal, state, or local governmental commission, board, body, bureau,
or other regulatory authority, agency, including courts and other judicial bodies, or any self-regulatory body or authority, including
any instrumentality or entity designed to act for or on behalf of the foregoing.

 

“Group”
shall mean either the MYnd California Group or the Parent Group, as the context requires.

 

“Hazardous
Materials” shall mean any chemical, material, substance, waste, pollutant, emission, discharge, release or contaminant
that could result in Liability under, or that is prohibited, limited or regulated by or pursuant to, any Environmental Law, and
any natural or artificial substance (whether solid, liquid or gas, noise, ion, vapor or electromagnetic) that could cause harm
to human health or the environment, including petroleum, petroleum products and byproducts, asbestos and asbestos-containing materials,
urea formaldehyde foam insulation, electronic, medical or infectious wastes, polychlorinated biphenyls, radon gas, radioactive
substances, chlorofluorocarbons and all other ozone-depleting substances.

 

“Income
Tax Return” means any Tax Return on which Income Taxes are reflected or reported.

 

“Income
Taxes” means any net income, net receipts, net profits, excess net profits or similar Taxes based upon, measured
by, or calculated with respect to net income.

 

“Indemnifying
Party” shall have the meaning set forth in Section 4.04(a).

 

“Indemnitee”
shall have the meaning set forth in Section 4.04(a).

 

“Indemnity
Payment” shall have the meaning set forth in Section 4.04(a).

 

“Individual
Agreement” shall mean any individual (a) employment contract, or (b) retention, severance or change in control agreement,
in each case as in effect immediately prior to the Effective Time.

 

“Insurance
Proceeds” shall mean those monies: (i) received by an insured from an insurance carrier or (ii) paid by an insurance
carrier on behalf of the insured, in any such case net of any applicable premium adjustments (including reserves and retrospectively
rated premium adjustments) and net of any costs or expenses incurred in the collection thereof; provided, however, that with respect
to a captive insurance arrangement, Insurance Proceeds shall only include amounts received by the captive insurer in respect of
any reinsurance arrangement.

 

    4

     

    

 

“Intellectual
Property” shall mean all of the following whether arising under the Laws of the United States (or any state or other
jurisdiction thereof) or of any other foreign or multinational jurisdiction: (a) patents, (b) trademarks, (c) copyrights, (d)
any other intellectual property rights arising from or in respect of any Technology or Software, and (e) any claims for damages
by reason of past infringement, misappropriation, or other unauthorized use of any of the foregoing, with the right to sue for
and collect the same.

 

“IRS”
means the U.S. Internal Revenue Service.

 

“Law”
shall mean any national, supranational, federal, state, provincial, local or similar law (including common law), statute, code,
order, ordinance, rule, regulation, treaty (including any Tax treaty), license, permit, authorization, approval, consent, decree,
injunction, binding judicial or administrative interpretation or other requirement, in each case, enacted, promulgated, issued
or entered by a Governmental Authority.

 

“Liabilities”
shall mean all debts, guarantees, assurances, commitments, liabilities, responsibilities, Taxes, Losses, remediation, deficiencies,
damages, fines, penalties, settlements, sanctions, costs, expenses, interest and obligations of any nature or kind, whether accrued
or fixed, absolute or contingent, matured or unmatured, accrued or not accrued, asserted or unasserted, liquidated or unliquidated,
foreseen or unforeseen, known or unknown, reserved or unreserved, or determined or determinable, including those arising under
any Law, claim (including any Third-Party Claim), demand, Action, or order, writ, judgment, injunction, decree, stipulation, determination
or award entered by or with any Governmental Authority or arbitration tribunal, and those arising under any contract, agreement,
obligation, indenture, instrument, lease, promise, arrangement, release, warranty, commitment or undertaking, or any fines, damages
or equitable relief that is imposed, in each case, including all costs and expenses relating thereto.

 

“Losses”
shall mean actual losses, costs, damages, penalties and expenses (including reasonable legal and accounting fees and expenses
and costs of investigation and litigation), whether or not involving a Third-Party Claim.

 

“Mixed
Business Tax Return” means any Tax Return (other than a Parent Consolidated Return), including any consolidated,
combined or unitary Tax Return, that reflects or reports Taxes that relate to at least one asset or activity that is part of the
Parent Business, on the one hand, and at least one asset or activity that is part of the MYnd California Business, on the other
hand.

 

“MYnd
California” shall have the meaning set forth in the Preamble.

 

“MYnd
California Accounts” shall have the meaning set forth in Section 2.08(a).

 

    5

     

    

 

“MYnd
California Assets” shall have the meaning set forth in Section 2.02.

 

“MYnd
California Balance Sheet” shall mean the pro forma combined balance sheet of the MYnd California Business, including
any notes and subledgers thereto, as of December 31, 2018.

 

“MYnd
California Business” shall mean the business, operations and activities of MYnd California related to its telebehavioral
health and predictive healthcare operations.

 

“MYnd
California Contracts” shall mean the following contracts and agreements to which either Party or any member of its
Group is a party or by which it or any member of its Group or any of their respective Assets is bound, whether or not in writing;
provided that MYnd California Contracts shall not include any contract or agreement that is contemplated to be retained by Parent
or any member of the Parent Group from and after the Effective Time pursuant to any provision of this Agreement or any Ancillary
Agreement:

 

(a)       any
customer, reseller, distributor or development contract or agreement entered into prior to the Effective Time related to the MYnd
California Business;

 

(b)       any
supply or vendor contract or agreement entered into prior to the Effective Time related to the MYnd California Business;

 

(c)       any
joint venture or partnership contract or agreement that relates to the MYnd California Business as of the Effective Time;

 

(d)       any
proprietary information and inventions agreement or similar Intellectual Property assignment or license agreement with any current
or former MYnd California Group employee, Parent Group employee, consultant of the MYnd California Group or consultant of the
Parent Group, in each case entered into prior to the Effective Time that is related to the MYnd California Business;

 

(e)       any
contract or agreement that is expressly contemplated pursuant to this Agreement or any of the Ancillary Agreements to be assigned
to, or be a contract or agreement in the name of, MYnd California or any member of the MYnd California Group;

 

(f)       any
other contract or agreement related to the MYnd California Business or MYnd California Assets;

 

(k)       MYnd
California Leases; and

 

(l)       any
contracts, agreements or settlements set forth on Schedule 1.3, including the right to recover any amounts under such contracts,
agreements, leases or settlements.

 

“MYnd
California Group” shall mean (a) prior to the Effective Time, MYnd California and each Person that will be a Subsidiary
of MYnd California as of immediately after the Effective Time, including the Transferred Entities, even if, prior to the Effective
Time, such Person is not a Subsidiary of MYnd California; and (b) on and after the Effective Time, MYnd California and each Person
that is a Subsidiary of MYnd California.

 

    6

     

    

 

“MYnd
California Indemnitees” shall have the meaning set forth in Section 4.03.

 

“MYnd
California Leases” shall mean the leases to real property and, to the extent covered by such leases, any and all
buildings, structures, improvements and fixtures located thereon, to which MYnd California or a member of the MYnd California
Group is party as of the Effective Time set forth on Schedule 1.04.

 

“MYnd
California Liabilities” shall have the meaning set forth in Section 2.03(a).

 

“MYnd
California Name and MYnd California Marks” shall mean the names, marks, trade dress, logos, monograms, domain names
and other source or business identifiers of either Party or any member of its Group that (a) use or contain “MYnd California”
(including any stylized versions or design elements thereof) or (b) otherwise identify MYnd California as a whole, either alone
or in combination with other words or elements, and all names, marks, trade dress, logos, monograms, domain names and other source
or business identifiers confusingly similar to or embodying any of the foregoing, either alone or in combination with other words
or elements, together with (y) any common law rights in and to any of the foregoing, any registrations or applications for registration
of any of the foregoing, any rights in and to any of the foregoing provided by international treaties or conventions, and any
reissues, extensions or renewals of any of the foregoing and (z) the goodwill associated with any of the foregoing.

 

“MYnd
California Permits” shall mean all Permits owned or licensed by either Party or any member of its Group primarily
used or primarily held for use in the MYnd California Business as of the Effective Time.

 

“MYnd
California Shares” shall mean shares of MYnd California common stock, par value $0.001 per share.

 

“MYnd
California Taxes” means, without duplication, any and all Liabilities (a) of Parent or any Subsidiary or former
Subsidiary of Parent or any of their Affiliates for Taxes resulting from (i) the assets or activities of the MYnd California Business,
the MYnd California Assets or the transactions contemplated by this Agreement or (ii) any Permitted Asset Sale or Permitted Parent
Reorganization (each as defined in the Merger Agreement) undertaken pursuant to the Merger Agreement, (b) for Taxes of any member
of the MYnd California Group for any Pre-Closing Period (including, for the avoidance of doubt, (i) any Straddle Period Taxes
allocated to the Pre-Closing Period pursuant to Section 8.06 and (ii) any Taxes resulting from the transactions contemplated
by this Agreement), (c) for Taxes of any member of the MYnd California Group resulting from any Permitted Asset Sale or Permitted
Parent Reorganization (each as defined in the Merger Agreement) undertaken pursuant to the Merger Agreement, (d) for any Transfer
Taxes, (e) for Parent Transaction Taxes and (f) for the avoidance of any doubt, any Taxes of MYnd California or any Affiliate
thereof for a Post-Closing Period (including any Straddle Period Taxes allocated to the Post-Closing Period pursuant to Section
8.06); provided, however, that MYnd California Taxes shall not include any Taxes that arise as a result of any
actions taken by Parent or any Affiliate of Parent on or after the Closing Date of the Merger, that are outside of the ordinary
course, other than, for the avoidance of any doubt, any Taxes of Parent or any Subsidiary or former Subsidiary of Parent or any
of their Affiliates or any member of the MYnd California Group or any of their Affiliates arising as a result of the transactions
contemplated by this Agreement, including the Section 336(e) Election.

 

    7

     

    

 

“Nasdaq”
shall mean the Nasdaq Capital Market.

 

“Offer
Negotiation Request” shall have the meaning set forth in Section 9.01.

 

“Other
Parent Securities” shall mean the other outstanding securities of the Parent described on Schedule 1.2 which are
entitled to participate in the distribution of the MYnd California Shares on a pro rata basis together with the holders of Parent
Shares as of the Record Date.

 

“Parent”
shall have the meaning set forth in the Preamble.

 

“Parent
Accounts” shall have the meaning set forth in Section 2.08(a).

 

“Parent
Board” shall have the meaning set forth in the Recitals.

 

“Parent
Business” shall mean the business of Emmaus to be carried on by Parent after the Effective Time.

 

“Parent
Consolidated Return” means the U.S. federal Income Tax Return filed or required to be filed by Parent as the Common
Parent.

 

“Parent
Consolidated Taxes” means any U.S. federal Income Taxes attributable to any Parent Consolidated Return.

 

“Parent
Group” shall mean Parent and each Person that is a Subsidiary of Parent (other than MYnd California and any other
member of the MYnd California Group).

 

“Parent
Indemnitees” shall have the meaning set forth in Section 4.02.

 

“Parent
Liabilities” shall have the meaning set forth in Section 2.03(b).

 

“Parent
Shares” shall mean shares of Parent common stock, par value $0.001 per share.

 

“Parent
Taxes” means, without duplication, other than MYnd California Taxes: (a) any Parent Consolidated Taxes, (b) any
Taxes imposed on MYnd California or any member of the MYnd California Group under Treasury Regulations Section 1.1502-6 (or any
similar provision of other Law) as a result of MYnd California or any such member being or having been included as part of a Parent
Consolidated Return (or similar consolidated or combined Tax Return under any other provision of Law) on or prior to the Distribution
Date, (c) any Taxes of the Parent Group and any former Subsidiary of Parent (excluding any member of the MYnd California Group)
for any Pre-Closing Period (including any Straddle Period Taxes allocated to the Pre-Closing Period pursuant to Section 8.06),
and (d) for the avoidance of any doubt, any Taxes of Parent or any Affiliate thereof for a Post-Closing Period (including any
Straddle Period Taxes allocated to the Post-Closing Period pursuant to Section 8.06).

 

    8

     

    

 

“Parent
Transaction Taxes” means any Taxes (a) imposed on or by reason of the Separation or the Distribution and (b) payable
by reason of the distribution of cash or other property from Parent to MYnd California (in each case including Transfer Taxes
imposed on such transactions described in (a) and (b)). For the avoidance of doubt, Parent Transaction Taxes include, without
limitation, Taxes payable by reason of deferred intercompany transactions or excess loss accounts triggered by the Distribution
and Taxes attributable to any election under Code Section 336 made in connection with the transactions contemplated by this Agreement.

 

“Parties”
or the singular “Party” shall mean the parties or a party to this Agreement.

 

“Past
Practice” means past practices, accounting methods, elections and conventions.

 

“Permits”
shall mean permits, approvals, authorizations, consents, licenses or certificates issued by any Governmental Authority.

 

“Person”
shall mean an individual, a general or limited partnership, a corporation, a trust, a joint venture, an unincorporated organization,
a limited liability entity, any other entity and any Governmental Authority.

 

“Policies”
shall mean insurance policies and insurance contracts of any kind, including but not limited to property, excess and umbrella,
commercial general liability, director and officer liability, fiduciary liability, cyber technology professional liability, libel
liability, employment practices liability, automobile, aircraft, marine, workers’ compensation and employers’ liability,
employee dishonesty/crime/fidelity, foreign, bonds and self-insurance and captive insurance company arrangements, together with
the rights, benefits, privileges and obligations thereunder.

 

“Post-Closing
Period” means any taxable period (or portion thereof) beginning after the Distribution Date, including for the avoidance
of doubt, the portion of any Straddle Period beginning on the day after the Distribution Date.

 

“Pre-Closing
Period” means any taxable period (or portion thereof) ending on or before the Distribution Date, including for the
avoidance of doubt, the portion of any Straddle Period ending at the end of the day on the Distribution Date.

 

“Privilege”
means any privilege that may be asserted under applicable Law, including any privilege arising under or relating to the attorney-client
relationship (including the attorney-client and work product privileges), the accountant-client privilege and any privilege relating
to internal evaluation processes.

 

“Privileged
Information” shall mean any information, in written, oral, electronic or other tangible or intangible forms, including
without limitation any communications by or to attorneys (including attorney-client privileged communications), memoranda and
other materials protected by the work product doctrine, as to which a Party or any member of its Group would be entitled to assert
or have asserted a privilege or other protection, including the attorney-client and work product privileges.

 

    9

     

    

 

“Record
Date” shall mean the close of business on the date to be determined by the Parent Board as the record date for determining
holders of Parent Shares and Other Parent Securities entitled to receive MYnd California Shares pursuant to the Distribution.

 

“Record
Holders” shall mean the holders of record of Parent Shares and holders of Other Parent Securities as of the Record
Date.

 

“Refund”
means any refund (or credit in lieu thereof) of Taxes (including any overpayment of Taxes that can be refunded or, alternatively,
applied to other Taxes payable), including any interest paid on or with respect to such refund of Taxes by the applicable Taxing
Authority; provided, however, that for purposes of this Agreement, the amount of any Refund required to be paid to another Party
shall be reduced by (i) the amount of any Taxes imposed on, related to, or attributable to, the receipt or accrual of such Refund,
(ii) any reasonable out-of-pocket expenses incurred in obtaining such Refund and (iii) any Tax required to be withheld on such
payment to the extent required under Section 2.11 (and subject to, for avoidance of doubt, any limitations on such withholding
set forth in Section 2.11).

 

“Release”
shall mean any release, spill, emission, discharge, leaking, pumping, pouring, dumping, injection, deposit, disposal, dispersal,
leaching or migration of Hazardous Materials into the environment (including, ambient air, surface water, groundwater and surface
or subsurface strata).

 

“Representatives”
shall mean, with respect to any Person, any of such Person’s directors, officers, employees, agents, consultants, advisors,
accountants, attorneys or other representatives.

 

“Reserve”
shall have the meaning set forth in Section 3.04(c).

 

“Reserve
Shares” shall have the meaning set forth in Section 3.04(c).

 

“SEC”
shall mean the U.S. Securities and Exchange Commission.

 

“Security
Interest” shall mean any mortgage, security interest, pledge, lien, charge, claim, option, right to acquire, voting
or other restriction, right-of-way, covenant, condition, easement, encroachment, restriction on transfer, or other encumbrance
of any nature whatsoever.

 

“Separation”
shall have the meaning set forth in the Recitals.

 

“Single
Business Return” means any Tax Return, including any consolidated, combined or unitary Tax Return, that reflects
or reports Tax Items relating only to the Parent Business, on the one hand, or the MYnd California Business, on the other (but
not both).

 

“Software”
shall mean any and all (a) computer programs, including any and all software implementation of algorithms, models and methodologies,
whether in source code, object code, human readable form or other form, (b) databases and compilations, including any and all
data and collections of data, whether machine readable or otherwise, (c) descriptions, flow charts and other work products used
to design, plan, organize and develop any of the foregoing, (d) screens, user interfaces, report formats, firmware, development
tools, templates, menus, buttons and icons and (e) documentation, including user manuals and other training documentation, relating
to any of the foregoing.

 

    10

     

    

 

“Straddle
Period” means any taxable period that begins on or before and ends after the Distribution Date.

 

“Subsidiary”
shall mean, with respect to any Person, any corporation, limited liability company, joint venture or partnership of which such
Person (a) beneficially owns, either directly or indirectly, more than 50% of (i) the total combined voting power of all classes
of voting securities, (ii) the total combined equity interests or (iii) the capital or profit interests, in the case of a partnership,
or (b) otherwise has the power to vote, either directly or indirectly, sufficient securities to elect a majority of the board
of directors or similar governing body.

 

“Tangible
Information” shall mean information that is contained in written, electronic or other tangible forms.

 

“Tax”
means any net or gross income, net or gross receipts, net or gross proceeds, capital gains, capital stock, sales, use, user, leasing,
lease, transfer, natural resources, premium, ad valorem, value added, franchise, profits, gaming, license, capital, withholding,
payroll or other employment, estimated, goods and services, severance, excise, stamp, fuel, interest equalization, registration,
recording, occupation, premium, turnover, personal property (tangible and intangible), real property, escheat, unclaimed or abandoned
property, alternative or add-on, windfall or excess profits, environmental (including Section 59A of the Code as in effect for
Tax years beginning prior to January 1, 2018), social security, disability, unemployment or other tax or customs duties or amount
imposed by (or otherwise payable to) any Taxing Authority, or any interest, any penalties, additions to tax or additional amounts
assessed, imposed, or otherwise due or payable under applicable Laws with respect to taxes, in each case, whether disputed or
not.

 

“Tax
Group” means the members of a consolidated, combined, unitary or other tax group (determined under applicable U.S.,
State or foreign Income Tax law) which includes Parent or MYnd California, as the context requires, but for the avoidance of doubt,
(i) Parent’s Tax Group does not include any members of the MYnd California Group and (ii) MYnd California’s Tax Group
does not include any members of the Parent Group.

 

“Tax
Indemnified Party” means the Party which is entitled to seek indemnification from the other Party pursuant to the
provisions of Article VIII.

 

“Tax
Item” means any item of income, gain, loss, deduction, credit, recapture of credit or any other item which increases
or decreases Taxes paid or payable.

 

“Tax
Proceeding” means any audit, assessment of Taxes, other examination by any Taxing Authority, proceeding, appeal
of a proceeding or litigation relating to Taxes, whether administrative or judicial, including proceedings relating to competent
authority determinations.

 

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“Tax
Return” means any return, report, certificate, form or similar statement or document (including any related or supporting
information or schedule attached thereto and any information return, or declaration of estimated Tax) supplied to, or filed with,
or required to be supplied to, or filed with, a Taxing Authority in connection with the payment, determination, assessment or
collection of any Tax or the administration of any Laws relating to any Tax and any amended Tax return or claim for refund.

 

“Taxing
Authority” means any governmental authority or any subdivision, agency, commission or entity thereof or any quasi-governmental
or private body having jurisdiction over the assessment, determination, collection or imposition of any Tax (including the IRS).

 

“Technology”
shall mean all technology, know-how and information, including sales methodologies and processes, training protocols and similar
methods and processes, algorithms, apparatus, circuit designs and assemblies, gate arrays, net lists, test vectors, diagrams,
models, formulae, inventions, discoveries, innovations, products, services, ideas, concepts, designs, drawings, methods, network
configurations and architectures, processes, confidential or proprietary information, trade secrets, protocols, schematics, specifications,
subroutines, techniques, URLs, web sites, works of authorship and other forms of technology, in each case whether or not patentable,
copyrightable or otherwise registerable, whether or not embodied in any tangible form and including all tangible embodiments of
any of the foregoing, including documents, reports, records, instruction manuals, laboratory notebooks, prototypes, samples, surveys,
studies and summaries; provided, however, that Technology shall not include any Software.

 

“Third
Party” shall mean any Person other than the Parties or any members of their respective Groups.

 

“Third-Party
Claim” shall have the meaning set forth in Section 4.05(a).

 

“Transfer
Documents” shall have the meaning set forth in Section 2.01(b).

 

“Transfer
Taxes” means all sales, use, transfer, real property transfer, intangible, recordation, registration, documentary,
stamp or similar Taxes imposed on the Separation or the Distribution.

 

“Transferred
Entities” shall mean the entities set forth on Schedule 1.1.

 

“Unreleased
MYnd California Liability” shall have the meaning set forth in Section 2.06(b).

 

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Article
II.

THE SEPARATION

 

Section
2.01  Transfer of Assets and Assumption of Liabilities.

 

(a)      On
or prior to the Effective Time, but in any case prior to the Distribution:

 

(i)       Transfer
and Assignment of MYnd California Assets. Parent shall contribute, assign, transfer, convey and deliver to MYnd California,
and MYnd California shall accept from Parent, all of Parent’s direct or indirect right, title and interest in and to all
of the MYnd California Assets (it being understood that if any MYnd California Asset shall be held by a Transferred Entity or
a wholly owned Subsidiary of a Transferred Entity, such MYnd California Asset may be assigned, transferred, conveyed and delivered
to MYnd California as a result of the transfer of all of the equity interests in such Transferred Entity from Parent to MYnd California);

 

(ii)       Acceptance
and Assumption of MYnd California Liabilities. MYnd California shall accept, assume and agree faithfully to perform, discharge
and fulfill all the MYnd California Liabilities, including MYnd California Liabilities held by Parent, and MYnd California and
the applicable members of the MYnd California Group shall be responsible for all MYnd California Liabilities in accordance with
their respective terms (it being understood that if any MYnd California Liability is a liability of a Transferred Entity or a
wholly owned Subsidiary of a Transferred Entity, such MYnd California Liability may be assumed by MYnd California as a result
of the transfer of all of the equity interests in such Transferred Entity from Parent to MYnd California). MYnd California shall
be responsible for all MYnd California Liabilities, regardless of when or where such MYnd California Liabilities arose or arise,
or whether the facts on which they are based occurred prior to or subsequent to the Effective Time, regardless of where or against
whom such MYnd California Liabilities are asserted or determined (including any MYnd California Liabilities arising out of claims
made by Parent’s or MYnd California’s respective directors, officers, employees, agents, Subsidiaries or Affiliates
against any member of the Parent Group or the MYnd California Group) or whether asserted or determined prior to the date hereof;

 

(b)      Transfer
Documents. In furtherance of the contribution, assignment, transfer, conveyance and delivery of the Assets and the assumption
of the Liabilities in accordance with Section 2.01(a), (i) each Party shall execute and deliver, and shall cause the applicable
members of its Group to execute and deliver, to the other Party, such bills of sale, quitclaim deeds, stock powers, certificates
of title, assignments of contracts and other instruments of transfer, conveyance and assignment as and to the extent necessary
to evidence the transfer, conveyance and assignment of all of such Party’s and the applicable members of its Group’s
right, title and interest in and to such Assets to the other Party and the applicable members of its Group in accordance with
Section 2.01(a), and (ii) each Party shall execute and deliver, and shall cause the applicable members of its Group to
execute and deliver, to the other Party, such assumptions of contracts and other instruments of assumption as and to the extent
necessary to evidence the valid and effective assumption of the Liabilities by such Party and the applicable members of its Group
in accordance with Section 2.01(a). All of the foregoing documents contemplated by this Section 2.01(b) shall be
referred to collectively herein as the “Transfer Documents.” The Transfer Documents shall effect certain
of the transactions contemplated by this Agreement and, notwithstanding anything in this Agreement to the contrary, shall not
expand or limit any of the obligations, covenants or agreements in this Agreement. It is expressly agreed that in the event of
any conflict between the terms of the Transfer Documents and the terms of this Agreement, the terms of this Agreement shall control.

 

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(c)       Misallocations.
In the event that at any time or from time to time (whether prior to, at or after the Effective Time), one Party (or any member
of such Party’s Group) shall receive or otherwise possess any Asset that is allocated to the other Party (or any member
of such Party’s Group) pursuant to this Agreement or any Ancillary Agreement, such Party shall promptly transfer, or cause
to be transferred, such Asset to the Party so entitled thereto (or to any member of such Party’s Group), and such Party
(or member of such Party’s Group) shall accept such Asset. Prior to any such transfer, the Person receiving or possessing
such Asset shall hold such Asset in trust for such other Person. In the event that at any time or from time to time (whether prior
to, at or after the Effective Time), one Party hereto (or any member of such Party’s Group) shall be liable for or otherwise
assume any Liability that is allocated to the other Party (or any member of such Party’s Group) pursuant to this Agreement
or any Ancillary Agreement, such other Party shall promptly assume, or cause to be assumed, such Liability and agree to faithfully
perform such Liability.

 

(d)       Intellectual
Property Rights. If and to the extent that, as a matter of Law in any jurisdiction, Parent or the applicable members of its
Group cannot assign, transfer or convey any of Parent’s or such Parent Group members’ respective direct or indirect
right, title and interest in and to any Technology, Software or Intellectual Property included in the MYnd California Assets,
then, to the extent possible, Parent shall, and shall cause the applicable members of its Group to, irrevocably grant to MYnd
California an exclusive, irrevocable, assignable, transferable, sublicenseable, worldwide, perpetual, royalty-free license to
use, exploit and commercialize in any manner now known or in the future discovered and for whatever purpose, any such right, title
or interest.

 

Section
2.02   MYnd California Assets. Subject to Section 2.05, “MYnd California Assets”
shall include:

 

(a)       all
issued and outstanding capital stock or other equity interests of the Transferred Entities that are owned by either Party or any
members of its Group as of the Effective Time;

 

(b)       all
Assets of either Party or any members of its Group included or reflected as assets of the MYnd California Group on the MYnd California
Balance Sheet, subject to any dispositions of such Assets subsequent to the date of the MYnd California Balance Sheet; provided
that the amounts set forth on the MYnd California Balance Sheet with respect to any Assets shall not be treated as minimum amounts
or limitations on the amount of such Assets that are included in the definition of MYnd California Assets pursuant to this clause
(b);

 

(c)       all
Assets of either Party or any of the members of its Group as of the Effective Time that are of a nature or type that would have
resulted in such Assets being included as Assets of MYnd California or members of the MYnd California Group on a pro forma combined
balance sheet of the MYnd California Group or any notes or subledgers thereto as of the Effective Time (were such balance sheet,
notes and subledgers to be prepared on a basis consistent with the determination of the Assets included on the MYnd California
Balance Sheet), it being understood that (y) the MYnd California Balance Sheet shall be used to determine the types of, and methodologies
used to determine, those Assets that are included in the definition of MYnd California Assets pursuant to this clause (c); and
(z) the amounts set forth on the MYnd California Balance Sheet with respect to any Assets shall not be treated as minimum amounts
or limitations on the amount of such Assets that are included in the definition of MYnd California Assets pursuant to this clause
(iii);

 

    14

     

    

 

(d)      all
Assets of either Party or any of the members of its Group as of the Effective Time that are expressly provided by any provision
of this Agreement or any Ancillary Agreement as Assets to be transferred to or owned by MYnd California or any other member of
the MYnd California Group;

 

(e)      all
MYnd California Contracts as of the Effective Time and all rights, interests or claims of either Party or any of the members of
its Group thereunder as of the Effective Time;

 

(f)      all
MYnd California Permits as of the Effective Time and all rights, interests or claims of either Party or any of the members of
its Group thereunder as of the Effective Time;

 

(g)      to
the extent not already identified in clauses (a) through (f) of this Section 2.02, all Assets of either Party or any of
the members of its Group as of the Effective Time that are used or held for use in the MYnd California Business; and

 

(h)      all
rights to the MYnd California Name and MYnd California Marks.

 

Section
2.03  MYnd California Liabilities; Parent Liabilities.

 

(a)      MYnd
California Liabilities. Subject to Section 2.05, for the purposes of this Agreement, “MYnd California Liabilities”
shall mean the following Liabilities of either Party or any of the members of its Group:

 

(i)        all
Liabilities included or reflected as liabilities or obligations of MYnd California or the members of the MYnd California Group
on the MYnd California Balance Sheet, subject to any discharge of such Liabilities subsequent to the date of the MYnd California
Balance Sheet; provided that the amounts set forth on the MYnd California Balance Sheet with respect to any Liabilities shall
not be treated as minimum amounts or limitations on the amount of such Liabilities that are included in the definition of MYnd
California Liabilities pursuant to this clause (i);

 

(ii)       all
Liabilities as of the Effective Time that are of a nature or type that would have resulted in such Liabilities being included
or reflected as liabilities or obligations of MYnd California or the members of the MYnd California Group on a pro forma combined
balance sheet of the MYnd California Group or any notes or subledgers thereto as of the Effective Time (were such balance sheet,
notes and subledgers to be prepared on a basis consistent with the determination of the Liabilities included on the MYnd California
Balance Sheet ), it being understood that (x) the MYnd California Balance Sheet shall be used to determine the types of, and methodologies
used to determine, those Liabilities that are included in the definition of MYnd California Liabilities pursuant to this clause
(ii); and (y) the amounts set forth on the MYnd California Balance Sheet with respect to any Liabilities shall not be treated
as minimum amounts or limitations on the amount of such Liabilities that are included in the definition of MYnd California Liabilities
pursuant to this clause (ii);

 

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(iii)      all
Liabilities relating to, arising out of or resulting from the actions, inactions, events, omissions, conditions, facts or circumstances
occurring or existing prior to, at or after the Effective Time (whether or not such Liabilities cease being contingent, mature,
become known, are asserted or foreseen, or accrue, in each case before, at or after the Effective Time), in each case to the extent
that such Liabilities relate to, arise out of or result from the MYnd California Business or a MYnd California Asset;

 

(iv)      any
and all Liabilities that are expressly provided by this Agreement or any Ancillary Agreement (or the Schedules hereto or thereto)
as Liabilities to be assumed by MYnd California or any other member of the MYnd California Group, and all agreements, obligations
and Liabilities of any member of the MYnd California Group under this Agreement or any of the Ancillary Agreements;

 

(v)       any
and all Liabilities relating to, arising out of or resulting from the MYnd California Contracts, or the MYnd California Permits;

 

(vi)      any
and all Mynd California Taxes; and

 

(vii)     all
Liabilities arising out of claims made by any Third Party (including Parent’s or MYnd California’s respective directors,
officers, stockholders, employees and agents) against any member of the Parent Group or the MYnd California Group to the extent
relating to, arising out of or resulting from the MYnd California Business or the MYnd California Assets or the other business,
operations, activities or Liabilities referred to in clauses (i) through (vi) above;

 

(b)     Parent
Liabilities. For the purposes of this Agreement, “Parent Liabilities” shall mean the following Liabilities
of either Party or any of the members of its Group:

 

(i)   
    all Liabilities relating to, arising out of or resulting from actions, inactions, events, omissions,
conditions, facts or circumstances occurring or existing prior to, at or after the Effective Time (whether or not such
Liabilities cease being contingent, mature, become known, are asserted or foreseen, or accrue, in each case before, at or
after the Effective Time) of any member of the Parent Group and, prior to the Effective Time, any member of the MYnd
California Group, in each case, to the extent that such Liabilities are not MYnd California Liabilities;

 

(ii)       all
Liabilities that are expressly provided by this Agreement or any Ancillary Agreement (or the Schedules hereto or thereto) as Liabilities
to be assumed by Parent or any other member of the Parent Group, and all agreements, obligations and Liabilities of any member
of the Parent Group under this Agreement or any of the Ancillary Agreements;

 

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(iii)      all
Liabilities arising out of claims made by any Third Party (including Parent’s or MYnd California’s respective directors,
officers, stockholders, employees and agents) against any member of the Parent Group or the MYnd California Group to the extent
relating to, arising out of or resulting from the Parent Business or the Parent Group’s assets or the other business, operations,
activities or Liabilities referred to in clauses (i) through (ii) above, in each case, to the extent that such Liabilities are
not MYnd California Liabilities; and

 

(iv)      any
and all Parent Taxes.

 

Section
2.04    Approvals and Notifications for MYnd California Assets. To the extent that the transfer or
assignment of any MYnd California Asset, the assumption of any MYnd California Liability, the Separation, or the Distribution
requires any Approvals or Notifications, the Parties shall use their commercially reasonable efforts to obtain or make such Approvals
or Notifications as soon as reasonably practicable; provided, however, that, except to the extent expressly provided in this Agreement
or any of the Ancillary Agreements or as otherwise agreed between Parent and MYnd California, neither Parent nor MYnd California
shall be obligated to contribute capital or pay any consideration in any form (including providing any letter of credit, guaranty
or other financial accommodation) to any Person in order to obtain or make such Approvals or Notifications.

 

Section
2.05     Delayed MYnd California Transfers.

 

(a)      Delayed
MYnd California Transfers. If and to the extent that the valid, complete and perfected transfer or assignment to the MYnd
California Group of any MYnd California Asset or assumption by the MYnd California Group of any MYnd California Liability in connection
with the Separation or the Distribution would (i) be a violation of applicable Law or regulation, (b) require any Approvals or
Notifications that have not been obtained or made by the Effective Time or (c) be, as determined by MYnd California in its sole
consent prior to the Effective Time to be detrimental to the Separation or the Distribution or to the MYnd California Group, then,
unless the Parties mutually shall otherwise determine, the transfer or assignment to the MYnd California Group of such MYnd California
Assets or the assumption by the MYnd California Group of such MYnd California Liabilities, as the case may be, shall be automatically
deemed deferred and any such purported transfer, assignment or assumption shall be null and void until such time as all legal
impediments are removed or such Approvals or Notifications have been obtained or made. Notwithstanding the foregoing, any such
MYnd California Assets or MYnd California Liabilities shall continue to constitute MYnd California Assets and MYnd California
Liabilities for all other purposes of this Agreement.

 

(b)      Treatment
of Delayed MYnd California Assets and Delayed MYnd California Liabilities. If any transfer or assignment of any MYnd California
Asset (or a portion thereof) or any assumption of any MYnd California Liability (or a portion thereof) intended to be transferred,
assigned or assumed hereunder, as the case may be, is not consummated on or prior to the Effective Time, whether as a result of
the provisions of Section 2.04 or for any other reason (any such MYnd California Asset (or a portion thereof), a “Delayed
MYnd California Asset” and any such MYnd California Liability (or a portion thereof), a “Delayed MYnd
California Liability”), then, insofar as reasonably possible and subject to applicable Law, the member of the Parent
Group retaining such Delayed MYnd California Asset or such Delayed MYnd California Liability, as the case may be, shall thereafter
hold such Delayed MYnd California Asset or Delayed MYnd California Liability for the use and benefit (or the performance and obligation,
in the case of a Liability) of the member of the MYnd California Group entitled thereto (at the expense of the member of the MYnd
California Group entitled thereto). In addition, the member of the Parent Group retaining such Delayed MYnd California Asset or
such Delayed MYnd California Liability shall, insofar as reasonably possible and to the extent permitted by applicable Law, treat
such Delayed MYnd California Asset or Delayed MYnd California Liability in the ordinary course of business in accordance with
past practice and take such other actions as may be reasonably requested by the member of the MYnd California Group to whom such
Delayed MYnd California Asset is to be transferred or assigned, or which will assume such Delayed MYnd California Liability, as
the case may be, in order to place such member of the MYnd California Group in a substantially similar position as if such Delayed
MYnd California Asset or Delayed MYnd California Liability had been transferred, assigned or assumed as contemplated hereby and
so that all the benefits and burdens relating to such Delayed MYnd California Asset or Delayed MYnd California Liability, as the
case may be, including use, risk of loss, potential for gain, and dominion, control and command over such Delayed MYnd California
Asset or Delayed MYnd California Liability, as the case may be, and all costs, Taxes and expenses related thereto, shall inure
from and after the Effective Time to the MYnd California Group.

 

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(c)        Transfer
of Delayed MYnd California Assets and Delayed MYnd California Liabilities. If and when the Approvals or Notifications, the
absence of which caused the deferral of transfer or assignment of any Delayed MYnd California Asset or the deferral of assumption
of any Delayed MYnd California Liability pursuant to Section 2.05(a), are obtained or made, and, if and when any other
legal impediments for the transfer or assignment of any Delayed MYnd California Asset or the assumption of any Delayed MYnd California
Liability have been removed, the transfer or assignment of the applicable Delayed MYnd California Asset or the assumption of the
applicable Delayed MYnd California Liability, as the case may be, shall be effected in accordance with the terms of this Agreement
and/or the applicable Ancillary Agreement.

 

(d)        Costs
for Delayed MYnd California Assets and Delayed MYnd California Liabilities. Except as otherwise agreed in writing between
the Parties, any member of the Parent Group retaining a Delayed MYnd California Asset or Delayed MYnd California Liability due
to the deferral of the transfer or assignment of such Delayed MYnd California Asset or the deferral of the assumption of such
Delayed MYnd California Liability, as the case may be, shall not be obligated, in connection with the foregoing, to expend any
more than $250,000 in the aggregate, unless the necessary funds in excess of $250,000 are advanced (or otherwise made available)
by MYnd California, other than reasonable out-of-pocket expenses, reasonable attorneys’ fees and recording or similar fees,
all of which and any Taxes imposed on any member of the Parent Group solely as a result of retaining a Delayed MYnd California
Asset or Delayed MYnd California Liability shall be promptly reimbursed by MYnd California or the member of the MYnd California
Group entitled to such Delayed MYnd California Asset or Delayed MYnd California Liability.

 

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(e)       Decisions
Regarding Delayed MYnd California Assets and Delayed MYnd California Liabilities.

 

(i)       For
so long as Parent continues to own any Delayed MYnd California Asset or Delayed MYnd California Liability, Parent shall take all
action required to nominate to its board of directors one Person nominated by MYnd California (the “MYnd California
Director”).

 

(ii)       Until
the first anniversary of the Distribution Date, any and all decisions with respect to any transfer, sale or other disposition
of any Delayed MYnd California Asset or Delayed MYnd California Liability shall be made only with the consent of the MYnd California
Director. During such year, Parent shall use its commercially reasonable efforts to maintain the value of the Delayed MYnd California
Assets.

 

(iii)       If
any Delayed MYnd California Asset or Delayed MYnd California Liability is sold or transferred to a Third Party on or before the
first anniversary of the Distribution Date, subject to Section 2.05(d), any and all net proceeds (in cash or otherwise)
from such sale or transfer shall be promptly, and in any case within three (3) business days, be paid or transferred to MYnd California,
net of without duplication (i) the amount of any Taxes imposed on, related to, or attributable to, the receipt or accrual of such
proceeds, (ii) any reasonable out-of-pocket expenses incurred in obtaining such proceeds and (iii) any Tax required to be withheld
on such payment or transfer to the extent required under Section 2.11 (and subject to, for the avoidance of doubt, any
limitations on such withholding set forth in Section 2.11).

 

Section
2.06      Assignment and Novation of MYnd California Liabilities.

 

(a)       Each
of Parent and MYnd California, at the request of the other, shall use its commercially reasonable efforts to obtain, or to cause
to be obtained, as soon as reasonably practicable, any consent, substitution, approval or amendment required to novate or assign
all MYnd California Liabilities and obtain in writing the unconditional release of each member of the Parent Group that is a party
to any such arrangements, so that, in any such case, the members of the MYnd California Group shall be solely responsible for
such MYnd California Liabilities; provided, however, that, except as otherwise expressly provided in this Agreement or any of
the Ancillary Agreements, neither Parent nor MYnd California shall be obligated to contribute any capital or pay any consideration
in any form (including providing any letter of credit, guaranty or other financial accommodation) to any third Person from whom
any such consent, substitution, approval, amendment or release is requested.

 

(b)       If
Parent or MYnd California is unable to obtain, or to cause to be obtained, any such required consent, substitution, approval,
amendment or release and the applicable member of the Parent Group continues to be bound by such agreement, lease, license or
other obligation or Liability (each, an “Unreleased MYnd California Liability”), MYnd California shall,
to the extent not prohibited by Law, indemnify or guarantee fully all the obligations or other Liabilities of such member of the
Parent Group that constitute Unreleased MYnd California Liabilities from and after the Effective Time. If and when any such consent,
substitution, approval, amendment or release shall be obtained or the Unreleased MYnd California Liabilities shall otherwise become
assignable or able to be novated, Parent shall promptly assign, or cause to be assigned, and MYnd California or the applicable
MYnd California Group member shall assume, such Unreleased MYnd California Liabilities without exchange of further consideration.

 

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(c)       Release
of Guarantees. On or prior to the Effective Time or as soon as practicable thereafter, each of Parent and MYnd California
shall, with the reasonable cooperation of such other Party and the applicable members of such other Party’s Group, use commercially
reasonable efforts to have any members of the Parent Group removed as guarantor of or obligor for any MYnd California Liability,
other than any MYnd California Liability set forth on Schedule 2.06(c). If Parent or MYnd California is unable to obtain,
or to cause to be obtained, any such required removal or release, (i) the Party or the relevant member of its Group that is responsible
pursuant to this Agreement for the Liability associated with such guarantee shall indemnify, defend and hold harmless the guarantor
or obligor, as applicable, against or from any Liability arising from or relating thereto in accordance with the provisions of
Article IV and shall, as agent or subcontractor for such guarantor or obligor, pay, perform and discharge fully all the
obligations or other Liabilities of such guarantor or obligor thereunder; and (ii) each of Parent and MYnd California, on behalf
of itself and the other members of their respective Group, agree not to renew or extend the term of, increase any obligations
under, or transfer to a Third Party, any loan, guarantee, lease, contract or other obligation for which the other Party or a member
of its Group is or may be liable unless all obligations of such other Party and the members of such other Party’s Group
with respect thereto are thereupon terminated by documentation satisfactory in form and substance to such other Party. 

 

Section
2.07      Termination of Agreements.

 

(a)       Except
for this Agreement, MYnd California and each member of the MYnd California Group, on the one hand, and Parent and each member
of the Parent Group, on the other hand, hereby terminate any and all agreements, arrangements, commitments or understandings,
whether or not in writing, between or among MYnd California and/or any member of the MYnd California Group, on the one hand, and
Parent and/or any member of the Parent Group, on the other hand, effective as of the Effective Time. No such terminated agreement,
arrangement, commitment or understanding (including any provision thereof which purports to survive termination) shall be of any
further force or effect after the Effective Time. Each Party shall, at the reasonable request of the other Party, take, or cause
to be taken, such other actions as may be necessary to effect the foregoing.

 

(b)       All
of the intercompany accounts receivable and accounts payable between any member of the Parent Group, on the one hand, and any
member of the MYnd California Group, on the other hand, outstanding as of the Effective Time, shall be repaid or settled following
the Effective Time in the ordinary course of business or, if otherwise mutually agreed prior to the Effective Time by duly authorized
representatives of Parent and MYnd California, cancelled.

 

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Section
2.08      Bank Accounts; Cash Balances; Cash Transfers.

 

(a)       Each
Party agrees to take, or cause the members of its Group to take, at the Effective Time (or such earlier time as the Parties may
agree), all actions necessary to amend all contracts or agreements governing each bank and brokerage account owned by MYnd California
or any other member of the MYnd California Group (collectively, the “MYnd California Accounts”) and
all contracts or agreements governing each bank or brokerage account owned by Parent or any other member of the Parent Group (collectively,
the “Parent Accounts”) so that each such MYnd California Account and Parent Account, if currently linked
(whether by automatic withdrawal, automatic deposit or any other authorization to transfer funds from or to) to any Parent Account
or MYnd California Account, respectively, is de-linked from such Parent Account or MYnd California Account, respectively.

 

(b)       It
is intended that, following consummation of the actions contemplated by Section 2.09(a), there will be in place a cash
management process pursuant to which the MYnd California Accounts will be managed and funds collected will be transferred into
one or more accounts maintained by MYnd California or a member of the MYnd California Group.

 

(c)       It
is intended that, following consummation of the actions contemplated by Section 2.09(a), there will continue to be in place
a cash management process pursuant to which the Parent Accounts will be managed and funds collected will be transferred into one
or more accounts maintained by Parent or a member of the Parent Group.

 

(d)       With
respect to any outstanding checks issued or payments initiated by Parent, MYnd California, or any of the members of their respective
Groups prior to the Effective Time, such outstanding checks and payments shall be honored following the Effective Time by the
Person or Group owning the account on which the check is drawn or from which the payment was initiated, respectively.

 

(e)       As
between Parent and MYnd California (and the members of their respective Groups), all payments made and reimbursements received
after the Effective Time by either Party (or member of its Group) that relate to a business, Asset or Liability of the other Party
(or member of its Group), shall be held by such Party in trust for the use and benefit of the Party entitled thereto and, promptly
following receipt by such Party of any such payment or reimbursement, such Party shall pay over, or shall cause the applicable
member of its Group to pay over to the other Party the amount of such payment or reimbursement net of (i) the amount of any Taxes
imposed on, related to, or attributable to, the receipt or accrual of such payment or reimbursement, (ii) any reasonable out-of-pocket
expenses incurred in obtaining such payment or reimbursement and (iii) any Tax required to be withheld on such payment to the
extent required under Section 2.11 (and subject to, for avoidance of doubt, any limitations on such withholding set forth
in Section 2.11).

 

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(f)       Cash
Transfer at the Effective Time. At the Effective Time, Parent shall contribute from Parent’s cash to MYnd California
a cash payment in an amount to be determined by Parent and MYnd California prior to the Effective Time. Such amount shall not
exceed Parent’s cash balance prior to the Effective Time.

 

(g)       Post-Closing
Cash Transfers. After the Effective Time, Parent shall make additional cash payments to MYnd California, not to exceed $2,500,000
in the aggregate, from all cash received by Parent as a result of the exercise of any warrants or stock options of Parent that
were in effect prior to the Effective Time, to the extent that the proceeds from such warrant and option exercises exceeds $500,000,
and less all such proceeds, if any, theretofore transferred or paid by Parent to MYnd California pursuant to this Agreement after
the Effective Time.

 

Section
2.09      Ancillary Agreements. Effective on or prior to the Effective Time, each of Parent and MYnd California will, or will
cause the applicable members of their Groups to, execute and deliver all Ancillary Agreements to which it is a party.

 

Section
2.10      Disclaimer of Representations and Warranties. EACH OF PARENT (ON BEHALF OF ITSELF AND EACH MEMBER OF THE PARENT GROUP)
AND MYND CALIFORNIA (ON BEHALF OF ITSELF AND EACH MEMBER OF THE MYND CALIFORNIA GROUP) UNDERSTANDS AND AGREES THAT, EXCEPT AS
EXPRESSLY SET FORTH HEREIN OR IN ANY ANCILLARY AGREEMENT, NO PARTY TO THIS AGREEMENT, ANY ANCILLARY AGREEMENT OR ANY OTHER AGREEMENT
OR DOCUMENT CONTEMPLATED BY THIS AGREEMENT, ANY ANCILLARY AGREEMENT OR OTHERWISE, IS REPRESENTING OR WARRANTING IN ANY WAY AS
TO THE ASSETS, BUSINESSES OR LIABILITIES TRANSFERRED OR ASSUMED AS CONTEMPLATED HEREBY OR THEREBY, AS TO ANY CONSENTS OR APPROVALS
REQUIRED IN CONNECTION THEREWITH (INCLUDING WITHOUT LIMITATION GOVERNMENTAL APPROVALS OR PERMITS OF ANY KIND), AS TO THE VALUE
OR FREEDOM FROM ANY SECURITY INTERESTS OF, OR ANY OTHER MATTER CONCERNING, ANY ASSETS OF SUCH PARTY, OR AS TO THE ABSENCE OF ANY
DEFENSES OR RIGHT OF SETOFF OR FREEDOM FROM COUNTERCLAIM WITH RESPECT TO ANY CLAIM OR OTHER ASSET, INCLUDING ANY ACCOUNTS RECEIVABLE,
OF ANY PARTY, OR AS TO THE LEGAL SUFFICIENCY OF ANY ASSIGNMENT, DOCUMENT OR INSTRUMENT DELIVERED HEREUNDER TO CONVEY TITLE TO
ANY ASSET OR THING OF VALUE UPON THE EXECUTION, DELIVERY AND FILING HEREOF OR THEREOF. EXCEPT AS MAY EXPRESSLY BE SET FORTH HEREIN
OR IN ANY ANCILLARY AGREEMENT, ALL SUCH ASSETS ARE BEING TRANSFERRED ON AN “AS IS,” “WHERE IS” BASIS AND
THE RESPECTIVE TRANSFEREES SHALL BEAR THE ECONOMIC AND LEGAL RISKS THAT (I) ANY CONVEYANCE WILL PROVE TO BE INSUFFICIENT TO VEST
IN THE TRANSFEREE GOOD AND MARKETABLE TITLE, FREE AND CLEAR OF ANY SECURITY INTEREST, AND (II) ANY NECESSARY APPROVALS OR NOTIFICATIONS
ARE NOT OBTAINED OR MADE OR THAT ANY REQUIREMENTS OF LAWS OR JUDGMENTS ARE NOT COMPLIED WITH.

 

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Section
2.11      Withholding. Each member of the Parent Group shall be entitled to deduct and withhold from the consideration otherwise
payable pursuant to this Agreement such amounts as are required to be deducted and withheld with respect to the making of such
payment under the Code or any provision of state, local or non-U.S. Tax Law and shall be entitled to request any reasonably appropriate
Tax forms, including an IRS Form W-9 (or the appropriate IRS Form W-8, as applicable), from any recipient of payments hereunder;
provided that the Parties shall cooperate and undertake commercially reasonable efforts to minimize or avoid withholding, and
the applicable withholding agent shall use best efforts to provide written notice (to the applicable Party) of any intention to
withhold (other than any such withholding that is imposed on consideration that is properly treated as compensation for applicable
income, employment and/or payroll Tax purposes) at least five (5) business days before the making of such payment. To the extent
that amounts are so withheld, such withheld amounts (i) subject to (ii), shall be treated for all purposes of this Agreement as
having been paid to the Person in respect of whom such deduction and withholding was made, and (ii) shall be remitted by the applicable
withholding agent to the applicable Governmental Authority.

 

Article
III.

THE DISTRIBUTION

 

Section
3.01      Sole and Absolute Discretion; Cooperation.

 

(a)       Parent
shall, in its sole and absolute discretion, determine the terms of the Distribution, including the form, structure and terms of
any transactions and/or offerings to effect the Distribution and the timing and conditions to the consummation of the Distribution.
In addition, Parent may, at any time and from time to time until the consummation of the Distribution, modify or change the terms
of the Distribution, including by accelerating or delaying the timing of the consummation of all or part of the Distribution.
Nothing shall in any way limit Parent’s right to terminate this Agreement or the Distribution as set forth in Article
IX or alter the consequences of any such termination from those specified in Article IX.

 

(b)       MYnd
California shall cooperate with Parent to accomplish the Distribution and shall, at Parent’s direction, promptly take any
and all actions necessary or desirable to effect the Distribution, including in respect of the registration under the Exchange
Act of MYnd California Shares on the Form 10. Parent shall select any investment bank or manager in connection with the Distribution,
as well as any financial printer, solicitation and/or exchange agent and financial, legal, accounting and other advisors for Parent.
MYnd California and Parent, as the case may be, will provide to the Agent any information required in order to complete the Distribution.

 

Section
3.02      Actions Prior to the Distribution. Prior to the Effective Time and subject to the terms
and conditions set forth herein, the Parties shall take, or cause to be taken, the following actions in connection with the Distribution:

 

(a)       Notice
to Nasdaq. Parent shall, to the extent possible, give Nasdaq not less than ten (10) days’ advance notice of the Record
Date in compliance with Rule 10b-17 under the Exchange Act.

 

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(b)       MYnd
California Directors and Officers. On or prior to the Distribution Date, Parent and MYnd California shall take all necessary
actions so that as of the Effective Time: (i) the directors and executive officers of MYnd California shall be those set forth
in the Form 10, unless otherwise agreed by the Parties; and (ii) MYnd California shall have such other officers as MYnd California
shall appoint.

 

(c)       Quotation
or Listing of the MYnd California Shares. MYnd California shall prepare and file, and shall use its reasonable best efforts
to have approved, an application for (i) listing of the MYnd California Shares to be distributed in the Distribution on NASDAQ,
subject to official notice of distribution; or (ii) the quotation of the MYnd California Shares to be distributed in the Distribution
on the OTCQB Venture Market of the OTC Markets Group, Inc., subject to official notice of distribution.

 

(d)       Securities
Law Matters. MYnd California shall file any amendments or supplements to the Form 10 as may be necessary or advisable in order
to cause the Form 10 to become and remain effective as required by the SEC or federal, state or other applicable securities Laws.

 

(e)       Parent
Cooperation. Parent and MYnd California shall cooperate in preparing, filing with the SEC and causing to become effective
registration statements or amendments thereof which are required to reflect the establishment of, or amendments to, any employee
benefit and other plans necessary or advisable in connection with the transactions contemplated by this Agreement and the Ancillary
Agreements. Parent and MYnd California will prepare, and MYnd California will, to the extent required under applicable Law, file
with the SEC, any such documentation and any requisite no-action letters which Parent determines are necessary or desirable to
effectuate the Distribution, and Parent and MYnd California shall each use its reasonable best efforts to obtain all necessary
approvals from the SEC with respect thereto as soon as practicable. Parent and MYnd California shall take all such action as may
be necessary or appropriate under the securities or blue sky laws of the United States (and any comparable Laws under any foreign
jurisdiction) in connection with the Distribution.

 

(f)       The
Distribution Agent. Parent shall enter into a distribution agent agreement with the Agent or otherwise provide instructions
to the Agent regarding the Distribution.

 

(g)       Stock-Based
Employee Benefit Plans. Parent and MYnd California shall take all actions as may be necessary to approve the grants of adjusted
equity awards by Parent (in respect of Parent Shares) and MYnd California (in respect of MYnd California Shares) in connection
with the Distribution in order to satisfy the requirements of Rule 16b-3 under the Exchange Act.

 

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Section
3.03      Conditions to the Distribution.

 

(a)       The
consummation of the Distribution will be subject to the satisfaction, or waiver by Parent in its sole and absolute discretion,
of the following conditions:

 

(i)       The
SEC shall have declared effective the Form 10; no order suspending the effectiveness of the Form 10 shall be in effect; and no
proceedings for such purposes shall have been instituted or threatened by the SEC.

 

(ii)       An
independent appraisal firm acceptable to Parent shall have delivered one or more opinions to the Parent Board confirming the solvency
and financial viability of Parent prior to the Distribution and of Parent and MYnd California after consummation of the Distribution,
and such opinions shall be acceptable to Parent in form and substance in Parent’s sole discretion and such opinions shall
not have been withdrawn or rescinded;

 

(iii)      The
transfer of the MYnd California Assets (other than any Delayed MYnd California Asset) and MYnd California Liabilities (other than
any Delayed MYnd California Liability) contemplated to be transferred from Parent to MYnd California on or prior to the Distribution
shall have occurred as contemplated by Section 2.01.

 

(iv)       The
actions and filings necessary or appropriate under applicable U.S. federal, U.S. state or other securities Laws or blue sky Laws
and the rules and regulations thereunder shall have been taken or made, and, where applicable, have become effective or been accepted
by the applicable Governmental Authority.

 

(v)       No
order, injunction or decree issued by any Governmental Authority of competent jurisdiction or other legal restraint or prohibition
preventing the consummation of the Separation, the Distribution or any of the transactions related thereto shall be in effect.

 

(vi)       No
other events or developments shall exist or shall have occurred that, in the judgment of the Parent Board, in its sole and absolute
discretion, makes it inadvisable to effect the Separation, the Distribution or the transactions contemplated by this Agreement
or any Ancillary Agreement.

 

(vii)     Parent
shall have received from each Record Holder a true, correct and complete IRS Form W-9 or applicable IRS Form W-8, duly executed
by such Record Holder on the Distribution Date.

 

(b)       The
foregoing conditions are for the sole benefit of Parent and shall not give rise to or create any duty on the part of Parent or
the Parent Board to waive or not waive any such condition or in any way limit Parent’s right to terminate this Agreement
as set forth in Article IX or alter the consequences of any such termination from those specified in Article IX.
Any determination made by the Parent Board prior to the Distribution concerning the satisfaction or waiver of any or all of the
conditions set forth in Section 3.03(a) shall be conclusive and binding on the Parties. If Parent waives any material condition,
it shall promptly issue a press release disclosing such fact and file a Current Report on Form 8-K with the SEC describing such
waiver.

 

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Section
3.04      The Distribution.

 

(a)       Subject
to Section 3.03, on or prior to the Effective Time, MYnd California will deliver to the Agent, for the benefit of the Record
Holders, book-entry transfer authorizations for such number of the outstanding MYnd California Shares as is necessary to effect
the Distribution, and shall cause the transfer agent for the Parent Shares to instruct the Agent to distribute at the Effective
Time the appropriate number of MYnd California Shares to each such holder or designated transferee or transferees of such holder
by way of direct registration in book-entry form. MYnd California will not issue paper stock certificates in respect of the MYnd
California Shares. The Distribution shall be effective at the Effective Time.

 

(b)       Subject
to Sections 3.03, 3.04(c) and 3.04(d), each Record Holder will be entitled to receive in the Distribution
one MYnd California Share for each three Parent Shares held by such Record Holder on the Record Date or issuable to such Record
Holder upon complete conversion or exercise of the Other Parent Securities, as applicable.

 

(c)       MYnd
California shall establish a reserve of MYnd California Shares (the “Reserve” and the MYnd California
Shares held in the Reserve the “Reserve Shares”) that shall be retained in treasury by MYnd California
for distribution to those holders of Other Parent Securities (i) who are prevented by contractual restrictions, including beneficial
ownership limitations, from taking possession of MYnd California Shares in the Distribution or (ii) who hold a warrant issued
by the Parent giving the holder a contractual right to receive MYnd California Shares issued in the Distribution if and when such
warrant is exercised. As and when the contractual restrictions are no longer applicable or the warrants are exercised, MYnd California
shall instruct the Agent to distribute from the Reserve the Reserve Shares to any such holder of Other Parent Securities entitled
to then receive the Reserve Shares.

 

(d)       No
fractional shares will be distributed or credited to book-entry accounts in connection with the Distribution, and any such fractional
share interests to which a Record Holder would otherwise be entitled shall not entitle such Record Holder to vote or to any other
rights as a stockholder of MYnd California. In lieu of any such fractional shares, Parent will round up fractional shares that
recipients of MYnd California Shares will otherwise be entitled to receive.

 

(e)       Until
the MYnd California Shares are duly transferred in accordance with this Section 3.04 and applicable Law, from and after
the Effective Time, MYnd California will regard the Persons entitled to receive such MYnd California Shares as record holders
of MYnd California Shares in accordance with the terms of the Distribution without requiring any action on the part of such Persons.
MYnd California agrees that, subject to any transfers of such shares, from and after the Effective Time (i) each such holder will
be entitled to receive all dividends, if any, payable on, and exercise voting rights and all other rights and privileges with
respect to, the MYnd California Shares then held by such holder, and (ii) each such holder will be entitled, without any action
on the part of such holder, to receive evidence of ownership of the MYnd California Shares then held by such holder.

 

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Article
IV.

RELEASE; INDEMNIFICATION

 

Section
4.01      Parent Release of MYnd California. Effective as of the Effective Time, Parent does hereby, for itself and each other
member of the Parent Group and their respective successors and assigns, and, to the extent permitted by Law, all Persons who at
any time prior to the Effective Time have been stockholders, directors, officers, agents or employees of any member of the Parent
Group (in each case, in their respective capacities as such), remise, release and forever discharge (i) MYnd California and the
members of the MYnd California Group and their respective successors and assigns, and (ii) all Persons who at any time prior to
the Effective Time have been stockholders, directors, officers, agents or employees of any member of the MYnd California Group
(in each case, in their respective capacities as such), and their respective heirs, executors, administrators, successors and
assigns, from (A) all Parent Liabilities, (B) all Liabilities (other than MYnd California Taxes) arising from or in connection
with the transactions and all other activities to implement the Separation and the Distribution (for the avoidance of doubt this
clause (B) shall not limit or affect indemnification obligations of the Parties set forth in this Agreement or any Ancillary Agreement)
and (C) all Liabilities (other than MYnd California Taxes) arising from or in connection with actions, inactions, events, omissions,
conditions, facts or circumstances occurring or existing prior to the Effective Time (whether or not such Liabilities cease being
contingent, mature, become known, are asserted or foreseen, or accrue, in each case before, at or after the Effective Time), in
each case to the extent relating to, arising out of or resulting from the Parent Business, the Parent Group’s assets or
the Parent Liabilities but excluding any Liabilities resulting from actions by any member of the MYnd California Group that are
the result of intentional misconduct, wrongdoing, fraud or misrepresentation by such member of the MYnd California Group.

 

Section
4.02      Indemnification by MYnd California. Except as otherwise specifically set forth in this
Agreement or in any Ancillary Agreement, to the fullest extent permitted by Law, MYnd California shall, and shall cause the other
members of the MYnd California Group to, indemnify, defend and hold harmless Parent, each member of the Parent Group and each
of their respective past, present and future directors, officers, employees and agents, in each case in their respective capacities
as such, and each of the heirs, executors, successors and assigns of any of the foregoing (collectively, the “Parent
Indemnitees”), from and against any and all Liabilities of the Parent Indemnitees (including for their own contributory
negligence) relating to, arising out of or resulting from, directly or indirectly, any of the following items (without duplication);
provided, however, that MYnd California shall have no obligation to indemnify any of the Parent Indemnitees with
respect to any matter to the extent that such party has engaged in any intentional misconduct, wrongdoing, fraud or misrepresentation:

 

(a)       any
MYnd California Liability and Delayed MYnd California Liability;

 

(b)       any
failure of MYnd California, any other member of the MYnd California Group or any other Person to pay, perform or otherwise promptly
discharge any MYnd California Liabilities in accordance with their terms, whether prior to, on or after the Effective Time;

 

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(c)       any
breach by MYnd California or any other member of the MYnd California Group of this Agreement or any of the Ancillary Agreements;

 

(d)       except
to the extent it relates to a Parent Liability, any guarantee, indemnification or contribution obligation, surety bond or other
credit support agreement, arrangement, commitment or understanding for the benefit of any member of the MYnd California Group
by any member of the Parent Group that survives following the Distribution; and

 

(e)       any
untrue statement or alleged untrue statement of a material fact or omission or alleged omission to state a material fact required
to be stated therein or necessary to make the statements therein not misleading, with respect to all information contained in
the Form 10 (as amended or supplemented if MYnd California shall have furnished any amendments or supplements thereto) or any
other Disclosure Document.

 

Section
4.03     Indemnification by Parent. Except as otherwise specifically set forth in this Agreement
or in any Ancillary Agreement, to the fullest extent permitted by Law, Parent shall, and shall cause the other members of the
Parent Group to, indemnify, defend and hold harmless MYnd California, each member of the MYnd California Group and each of their
respective past, present and future directors, officers, employees or agents, in each case in their respective capacities as such,
and each of the heirs, executors, successors and assigns of any of the foregoing (collectively, the “MYnd California
Indemnitees”), from and against any and all Liabilities of the MYnd California Indemnitees (including for their
own contributory negligence) relating to, arising out of or resulting from, directly or indirectly, any of the following items
(without duplication); provided, however, that Parent shall have no obligation to indemnify any of the MYnd California
Indemnitees with respect to any matter to the extent that such party has engaged in any intentional misconduct, wrongdoing, fraud
or misrepresentation:

 

(a)       any
Parent Liability;

 

(b)       any
failure of Parent, any other member of the Parent Group or any other Person to pay, perform or otherwise promptly discharge any
Parent Liabilities in accordance with their terms, whether prior to, on or after the Effective Time;

 

(c)       any
breach by Parent or any other member of the Parent Group of this Agreement or any of the Ancillary Agreements; and

 

(d)       except
to the extent it relates to a MYnd California Liability, any guarantee, indemnification or contribution obligation, surety bond
or other credit support agreement, arrangement, commitment or understanding for the benefit of any member of the Parent Group
by any member of the MYnd California Group that survives following the Distribution.

 

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Section
4.04       Indemnification Obligations Net of Insurance Proceeds and Other Amounts.

 

(a)       The
Parties intend that any Liability subject to indemnification, contribution or reimbursement pursuant to this Article IV
or Article V will be net of Insurance Proceeds or other amounts actually recovered (net of any out-of-pocket costs or expenses
incurred in the collection thereof) from any Person by or on behalf of the Indemnitee in respect of any indemnifiable Liability.
Accordingly, the amount which either Party (an “Indemnifying Party”) is required to pay to any Person
entitled to indemnification or contribution hereunder (an “Indemnitee”) will be reduced by any Insurance
Proceeds or other amounts actually recovered (net of any out-of-pocket costs or expenses incurred in the collection thereof) from
any Person by or on behalf of the Indemnitee in respect of the related Liability. If an Indemnitee receives a payment (an “Indemnity
Payment”) required by this Agreement from an Indemnifying Party in respect of any Liability and subsequently receives
Insurance Proceeds or any other amounts in respect of such Liability, then within ten (10) calendar days of receipt of such Insurance
Proceeds, the Indemnitee will pay to the Indemnifying Party an amount equal to the excess of the Indemnity Payment received over
the amount of the Indemnity Payment that would have been due if the Insurance Proceeds or such other amounts (net of any out-of-pocket
costs or expenses incurred in the collection thereof) had been received, realized or recovered before the Indemnity Payment was
made.

 

(b)       The
Parties agree that an insurer that would otherwise be obligated to pay any claim shall not be relieved of the responsibility with
respect thereto or, solely by virtue of any provision contained in this Agreement or any Ancillary Agreement, have any subrogation
rights with respect thereto, it being understood that no insurer or any other Third Party shall be entitled to a “windfall”
(i.e., a benefit they would not be entitled to receive in the absence of the indemnification provisions) by virtue of the indemnification
and contribution provisions hereof. Each Party shall, and shall cause the members of its Group to, use commercially reasonable
efforts (taking into account the probability of success on the merits and the cost of expending such efforts, including reasonable
attorneys’ fees and expenses) to collect or recover any Insurance Proceeds that may be collectible or recoverable respecting
the Liabilities for which indemnification or contribution may be available under this Article IV. Notwithstanding the foregoing,
an Indemnifying Party may not delay making any indemnification payment required under the terms of this Agreement, or otherwise
satisfying any indemnification obligation, pending the outcome of any Action to collect or recover Insurance Proceeds, and an
Indemnitee need not attempt to collect any Insurance Proceeds prior to making a claim for indemnification or contribution or receiving
any Indemnity Payment otherwise owed to it under this Agreement or any Ancillary Agreement.

 

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Section
4.05      Procedures for Indemnification of Third-Party Claims.

 

(a)       Notice
of Claims. If, at or following the Effective Time, an Indemnitee shall receive notice or otherwise learn of the assertion
by a Person (including any Governmental Authority) who is not a member of the Parent Group or the MYnd California Group of any
claim or of the commencement by any such Person of any Action (collectively, a “Third-Party Claim”)
with respect to which an Indemnifying Party may be obligated to provide indemnification to such Indemnitee pursuant to Section
4.02 or Section 4.03, or any other Section of this Agreement or any Ancillary Agreement, such Indemnitee shall give
such Indemnifying Party written notice thereof as soon as practicable, but in any event within fourteen (14) days (or sooner if
the nature of the Third-Party Claim so requires) after becoming aware of such Third-Party Claim. Any such notice shall describe
the Third-Party Claim in reasonable detail, including the facts and circumstances giving rise to such claim for indemnification,
and include copies of all notices and documents (including court papers) received by the Indemnitee relating to the Third-Party
Claim. Notwithstanding the foregoing, the failure of an Indemnitee to provide notice in accordance with this Section 4.05(a)
shall not relieve an Indemnifying Party of its indemnification obligations under this Agreement, except to the extent to which
the Indemnifying Party is actually prejudiced by the Indemnitee’s failure to provide notice in accordance with this Section
4.05(a).

 

(b)       Control
of Defense. An Indemnifying Party may elect to defend (and seek to settle or compromise), at its own expense and with its
own counsel, any Third-Party Claim; provided that, prior to the Indemnifying Party assuming and controlling defense of such Third-Party
Claim, it shall first confirm to the Indemnitee in writing that, assuming the facts presented to the Indemnifying Party by the
Indemnitee being true, the Indemnifying Party shall indemnify the Indemnitee for any such damages to the extent resulting from,
or arising out of, such Third-Party-Claim. Notwithstanding the foregoing, if the Indemnifying Party assumes such defense and,
in the course of defending such Third-Party Claim, (i) the Indemnifying Party discovers that the facts presented at the time the
Indemnifying Party acknowledged its indemnification obligation in respect of such Third-Party Claim were not true in all material
respects and (ii) such untruth provides a reasonable basis for asserting that the Indemnifying Party does not have an indemnification
obligation in respect of such Third-Party Claim, then (A) the Indemnifying Party shall not be bound by such acknowledgment, (B)
the Indemnifying Party shall promptly thereafter provide the Indemnitee written notice of its assertion that it does not have
an indemnification obligation in respect of such Third-Party Claim and (C) the Indemnitee shall have the right to assume the defense
of such Third-Party Claim. Within thirty (30) days after the receipt of a notice from an Indemnitee in accordance with Section
4.05(a) (or sooner, if the nature of the Third-Party Claim so requires), the Indemnifying Party shall provide written notice
to the Indemnitee indicating whether the Indemnifying Party shall assume responsibility for defending the Third-Party Claim and
specifying any reservations or exceptions to its defense. If an Indemnifying Party elects not to assume responsibility for defending
any Third-Party Claim or fails to notify an Indemnitee of its election within thirty (30) days after receipt of the notice from
an Indemnitee as provided in Section 4.05(a), then the Indemnitee that is the subject of such Third-Party Claim shall be
entitled to continue to conduct and control the defense of such Third-Party Claim.

 

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(c)       Allocation
of Defense Costs. If an Indemnifying Party has elected to assume the defense of a Third-Party Claim, whether with or without
any reservations or exceptions with respect to such defense, then such Indemnifying Party shall be solely liable for all fees
and expenses incurred by it in connection with the defense of such Third-Party Claim and shall not be entitled to seek any indemnification
or reimbursement from the Indemnitee for any such fees or expenses incurred by the Indemnifying Party during the course of the
defense of such Third-Party Claim by such Indemnifying Party, regardless of any subsequent decision by the Indemnifying Party
to reject or otherwise abandon its assumption of such defense. If an Indemnifying Party elects not to assume responsibility for
defending any Third-Party Claim or fails to notify an Indemnitee of its election within thirty (30) days after receipt of a notice
from an Indemnitee as provided in Section 4.5(a), and the Indemnitee conducts and controls the defense of such Third-Party
Claim and the Indemnifying Party has an indemnification obligation with respect to such Third-Party Claim, then the Indemnifying
Party shall be liable for all reasonable fees and expenses incurred by the Indemnitee in connection with the defense of such Third-Party
Claim.

 

(d)       Right
to Monitor and Participate. An Indemnitee that does not conduct and control the defense of any Third-Party Claim, or an Indemnifying
Party that has failed to elect to defend any Third-Party Claim as contemplated hereby, nevertheless shall have the right to employ
separate counsel (including local counsel as necessary) of its own choosing to monitor and participate in (but not control) the
defense of any Third-Party Claim for which it is a potential Indemnitee or Indemnifying Party, but the fees and expenses of such
counsel shall be at the expense of such Indemnitee or Indemnifying Party, as the case may be, and the provisions of Section
4.05(c) shall not apply to such fees and expenses. Notwithstanding the foregoing, but subject to Sections 6.07 and
6.08, such Party shall cooperate with the Party entitled to conduct and control the defense of such Third-Party Claim in
such defense and make available to the controlling Party, at the non-controlling Party’s expense, all witnesses, information
and materials in such Party’s possession or under such Party’s control relating thereto as are reasonably required
by the controlling Party. In addition to the foregoing, if any Indemnitee shall in good faith determine that such Indemnitee and
the Indemnifying Party have actual or potential differing defenses or conflicts of interest between them that make joint representation
inappropriate, then the Indemnitee shall have the right to employ separate counsel (including local counsel as necessary) and
to participate in (but not control) the defense, compromise, or settlement thereof, and in such case the Indemnifying Party shall
bear the reasonable fees and expenses of such counsel for all Indemnitees.

 

(e)       No
Settlement. Neither Party may settle or compromise any Third-Party Claim for which either Party is seeking to be indemnified
hereunder without the prior written consent of the other Party, which consent may not be unreasonably withheld, unless such settlement
or compromise is solely for monetary damages that are fully payable by the settling or compromising Party, does not involve any
admission, finding or determination of wrongdoing or violation of Law by the other Party and provides for a full, unconditional
and irrevocable release of the other Party from all Liability in connection with the Third-Party Claim. The Parties hereby agree
that if a Party presents the other Party with a written notice containing a proposal to settle or compromise a Third-Party Claim
for which either Party is seeking to be indemnified hereunder and the Party receiving such proposal does not respond in any manner
to the Party presenting such proposal within thirty (30) days (or within any such shorter time period that may be required by
applicable Law or court order) of receipt of such proposal, then the Party receiving such proposal shall be deemed to have consented
to the terms of such proposal.

 

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Section
4.06      Additional Matters.

 

(a)       Timing
of Payments. Indemnification or contribution payments in respect of any Liabilities for which an Indemnitee is entitled to
indemnification or contribution under this Article IV shall be paid reasonably promptly (but in any event within forty-five
(45) days of the final determination of the amount that the Indemnitee is entitled to indemnification or contribution under this
Article IV) by the Indemnifying Party to the Indemnitee as such Liabilities are incurred upon demand by the Indemnitee,
including reasonably satisfactory documentation setting forth the basis for the amount of such indemnification or contribution
payment, including documentation with respect to calculations made and consideration of any Insurance Proceeds that actually reduce
the amount of such Liabilities. The indemnity and contribution provisions contained in this Article IV shall remain operative
and in full force and effect, regardless of (i) any investigation made by or on behalf of any Indemnitee, and (ii) the knowledge
by the Indemnitee of Liabilities for which it might be entitled to indemnification hereunder.

 

(b)       Notice
of Direct Claims. Any claim for indemnification or contribution under this Agreement or any Ancillary Agreement that does
not result from a Third-Party Claim shall be asserted by written notice given by the Indemnitee to the applicable Indemnifying
Party; provided, that the failure by an Indemnitee to so assert any such claim shall not prejudice the ability of the Indemnitee
to do so at a later time except to the extent (if any) that the Indemnifying Party is prejudiced thereby. Such Indemnifying Party
shall have a period of thirty (30) days after the receipt of such notice within which to respond thereto. If such Indemnifying
Party does not respond within such 30-day period, such specified claim shall be conclusively deemed a Liability of the Indemnifying
Party under this Section 4.06(b) or, in the case of any written notice in which the amount of the claim (or any portion
thereof) is estimated, on such later date when the amount of the claim (or such portion thereof) becomes finally determined. If
such Indemnifying Party does not respond within such thirty (30)-day period or rejects such claim in whole or in part, such Indemnitee
shall, subject to the provisions of Article VII, be free to pursue such remedies as may be available to such party as contemplated
by this Agreement and the Ancillary Agreements, as applicable, without prejudice to its continuing rights to pursue indemnification
or contribution hereunder.

 

(c)       Pursuit
of Claims Against Third Parties. If (i) a Party incurs any Liability arising out of this Agreement or any Ancillary Agreement;
(ii) an adequate legal or equitable remedy is not available for any reason against the other Party to satisfy the Liability incurred
by the incurring Party; and (iii) a legal or equitable remedy may be available to the other Party against a Third Party for such
Liability, then the other Party shall use its commercially reasonable efforts to cooperate with the incurring Party, at the incurring
Party’s expense, to permit the incurring Party to obtain the benefits of such legal or equitable remedy against the Third
Party.

 

(d)       Subrogation.
In the event of payment by or on behalf of any Indemnifying Party to any Indemnitee in connection with any Third-Party Claim,
such Indemnifying Party shall be subrogated to and shall stand in the place of such Indemnitee as to any events or circumstances
in respect of which such Indemnitee may have any right, defense or claim relating to such Third-Party Claim against any claimant
or plaintiff asserting such Third-Party Claim or against any other Person. Such Indemnitee shall cooperate with such Indemnifying
Party in a reasonable manner, and at the cost and expense of such Indemnifying Party, in prosecuting any subrogated right, defense
or claim.

 

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Section
4.07     Covenant Not to Sue. Each Party hereby covenants and agrees that none of it, the members
of such Party’s Group or any Person claiming through it shall bring suit or otherwise assert any claim against any Indemnitee,
or assert a defense against any claim asserted by any Indemnitee, before any court, arbitrator, mediator or administrative agency
anywhere in the world, alleging that: (a) the assumption of any MYnd California Liabilities by MYnd California or a member of
the MYnd California Group on the terms and conditions set forth in this Agreement and the Ancillary Agreements is void or unenforceable
for any reason; (b) the retention of any Parent Liabilities by Parent or a member of the Parent Group on the terms and conditions
set forth in this Agreement and the Ancillary Agreements is void or unenforceable for any reason; or (c) the provisions of this
Article IV are void or unenforceable for any reason.

 

Section
4.08     Remedies Cumulative. The remedies provided in this Article IV shall be cumulative
and, subject to the provisions of Article VIII, shall not preclude assertion by any Indemnitee of any other rights or the
seeking of any and all other remedies against any Indemnifying Party.

 

Section
4.09      Survival of Indemnities. The rights and obligations of each of Parent and MYnd
California and their respective Indemnitees under this Article IV shall survive (a) the sale or other transfer by either
Party or any member of its Group of any assets or businesses or the assignment by it of any liabilities; or (b) any merger, consolidation,
business combination, sale of all or substantially all of its Assets, restructuring, recapitalization, reorganization or similar
transaction involving either Party or any of the members of its Group.

 

Article
V.

CERTAIN OTHER MATTERS

 

Section
5.01      Insurance Matters.

 

(a)       Parent
and MYnd California agree to cooperate in good faith to provide for an orderly transition of insurance coverage from the date
hereof through the Effective Time. In no event shall Parent, any other member of the Parent Group or any Parent Indemnitee have
Liability or obligation whatsoever to any member of the MYnd California Group in the event that any insurance policy or insurance
policy related contract shall be terminated or otherwise cease to be in effect for any reason, shall be unavailable or inadequate
to cover any Liability of any member of the MYnd California Group for any reason whatsoever or shall not be renewed or extended
beyond the current expiration date.

 

(b)       From
and after the Effective Time, with respect to any losses, damages and Liability incurred by any member of the MYnd California
Group prior to the Effective Time, Parent will pursue claims, at MYnd California’s sole cost and expense on behalf of MYnd
California (with MYnd California entitled to all Insurance Proceeds resulting from or arising out of any such claims) under Parent’s
Policies in place immediately prior to the Effective Time (and any extended reporting periods for claims made Policies) and Parent’s
historical Policies, but solely to the extent that such Policies provided coverage for members of the MYnd California Group or
the MYnd California Business prior to the Effective Time; provided that such right to require Parent to make claims on behalf
of MYnd California under such Policies shall be subject to the terms, conditions and exclusions of such Policies, including but
not limited to any limits on coverage or scope, any deductibles, self-insured retentions and other fees and expenses, and shall
be subject to the following additional conditions:

 

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(i)       MYnd
California shall provide written notification to Parent of any request for Parent to pursue a claim on behalf MYnd California
pursuant to this Section 5.01(b), and Parent shall use commercially reasonable efforts to pursue such claim, at MYnd California’s
sole cost and expense, as promptly as is reasonably practicable;

 

(ii)       MYnd
California and the members of the MYnd California Group shall indemnify, hold harmless and reimburse Parent and the members of
the Parent Group for any deductibles, self-insured retention, fees, indemnity payments, settlements, judgments, legal fees, allocated
claims expenses and claim handling fees, and other expenses incurred by Parent or any members of the Parent Group to the extent
resulting from any pursuit of claims on behalf of MYnd California or any other members of the MYnd California Group under any
insurance provided pursuant to this Section 5.01(b), whether such claims are pursued on behalf of MYnd California, its
employees or third Persons; and

 

(iii)      MYnd
California shall exclusively bear (and neither Parent nor any members of the Parent Group shall have any obligation to repay or
reimburse MYnd California or any member of the MYnd California Group for) and shall be liable for all excluded, uninsured, uncovered,
unavailable or uncollectible amounts of all such claims pursued on behalf of MYnd California or any member of the MYnd California
Group under the Policies as provided for in this Section 5.01(b).

 

In
the event that any member of the Parent Group incurs any losses, damages or Liability prior to or in respect of the period prior
to the Effective Time for which such member of the Parent Group is entitled to coverage under MYnd California’s third-party
Policies, the same process pursuant to this Section 5.01(b) shall apply, substituting “Parent” for “MYnd
California” and “MYnd California” for “Parent”, including for purposes of the first sentence of
Section 5.01(e).

 

(c)       Except
as provided in Section 5.01(b), from and after the Effective Time, neither MYnd California nor any member of the MYnd California
Group shall have any rights to or under any of the Policies of Parent or any other member of the Parent Group. At the Effective
Time, MYnd California shall have in effect all insurance programs required to comply with MYnd California’s contractual
obligations and such other Policies required by Law or as reasonably necessary or appropriate for companies operating a business
similar to MYnd California’s.

 

(d)       In
connection with Parent’s pursuit of a claim on behalf of MYnd California or a member of the MYnd California Group under
any insurance policy of Parent or any member of the Parent Group pursuant to this Section 5.01, Parent shall not be required
to take any action that would be reasonably likely to (i) have a material and adverse impact on the then-current relationship
between Parent or any member of the Parent Group, on the one hand, and the applicable insurance company, on the other hand; (ii)
result in the applicable insurance company terminating or materially reducing coverage, or materially increasing the amount of
any premium owed by Parent or any member of the Parent Group under the applicable insurance policy; or (iii) otherwise compromise,
jeopardize or interfere in any material respect with the rights of Parent or any member of the Parent Group under the applicable
insurance policy.

 

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(e)       All
payments and reimbursements by MYnd California pursuant to this Section 5.01 will be made within forty-five (45) days after
MYnd California’s receipt of an invoice therefor from Parent. Parent shall retain the exclusive right to control its Policies
and programs, including the right to exhaust, settle, release, commute, buy-back or otherwise resolve disputes with respect to
any of its Policies and programs and to amend, modify or waive any rights under any such Policies and programs, notwithstanding
whether any such Policies or programs apply to any MYnd California Liabilities and/or claims MYnd California has made or could
make in the future, and no member of the MYnd California Group shall erode, exhaust, settle, release, commute, buyback or otherwise
resolve disputes with Parent’s insurers with respect to any of Parent’s Policies and programs, or amend, modify or
waive any rights under any such Policies and programs. MYnd California shall cooperate with Parent and share such information
as is reasonably necessary in order to permit Parent to manage and conduct its insurance matters as Parent deems appropriate.
Neither Parent nor any member of the Parent Group shall have any obligation to secure extended reporting for any claims under
any Policies of Parent or any member of the Parent Group for any acts or omissions by any member of the MYnd California Group
incurred prior to the Effective Time. For the avoidance of doubt, each Party and any member of its applicable Group has the sole
right to settle or otherwise resolve third party claims made against it or any member of its applicable Group covered under an
applicable insurance Policy.

 

(f)       This
Agreement shall not be considered as an attempted assignment of any policy of insurance or as a contract of insurance and shall
not be construed to waive any right or remedy of any member of the Parent Group in respect of any insurance policy or any other
contract or policy of insurance.

 

(g)       MYnd
California does hereby, for itself and each other member of the MYnd California Group, agree that no member of the Parent Group
shall have any Liability whatsoever as a result of the Policies and practices of Parent and the members of the Parent Group as
in effect at any time, including as a result of the level or scope of any such insurance, the creditworthiness of any insurance
carrier, the terms and conditions of any policy, or the adequacy or timeliness of any notice to any insurance carrier with respect
to any claim or potential claim or otherwise.

 

Section
5.02     Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary
Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise
invoiced or demanded and properly payable that are not paid within forty-five (45) days of such bill, invoice or other demand)
shall accrue interest at a rate per annum equal to 7.5%, provided that notice of any such late payment has been provided and the
other Party has been provided fifteen (15) days to cure any such late payment.

 

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Section
5.03     Inducement. MYnd California acknowledges and agrees that Parent’s willingness to cause,
effect and consummate the Separation and the Distribution has been conditioned upon and induced by MYnd California’s covenants
and agreements in this Agreement and the Ancillary Agreements, including MYnd California’s assumption of the MYnd California
Liabilities pursuant to the Separation and the provisions of this Agreement and MYnd California’s covenants and agreements
contained in Article IV.

 

Section
5.04     Post-Effective Time Conduct. The Parties acknowledge that, after the Effective Time, each
Party shall be independent of the other Party, with responsibility for its own actions and inactions and its own Liabilities relating
to, arising out of or resulting from the conduct of its business, operations and activities following the Effective Time, except
as may otherwise be provided in any Ancillary Agreement, and each Party shall (except as otherwise provided in Article IV)
use commercially reasonable efforts to prevent such Liabilities from being inappropriately borne by the other Party.

 

Article
VI.

EXCHANGE OF INFORMATION; CONFIDENTIALITY

 

Section
6.01     Agreement for Exchange of Information.

 

(a)      Subject
to Section 6.09 and any other applicable confidentiality obligations, each of Parent and MYnd California, on behalf of
itself and each member of its Group, agrees to use commercially reasonable efforts to provide or make available, or cause to be
provided or made available, to the other Party and the members of such other Party’s Group, at any time before, on or after
the Effective Time, as soon as reasonably practicable after written request therefor is received by such Party, any information
(or a copy thereof) in the possession or under the control of such Party or its Group which the requesting Party requests to the
extent that (i) such information relates to the MYnd California Business, or any MYnd California Asset or MYnd California Liability,
if MYnd California is the requesting Party, or to the Parent Business, or any Parent Group asset or Parent Liability, if Parent
is the requesting Party; (ii) such information is required by the requesting Party to comply with its obligations under this Agreement
or any Ancillary Agreement; or (iii) such information is required by the requesting Party to comply with any obligation imposed
by any Governmental Authority; provided, however, that, in the event that the Party to whom the request has been made determines
that any such provision of information could be detrimental to the Party providing the information, violate any Law or agreement,
or waive any privilege available under applicable Law, including any attorney-client privilege, then the Parties shall use commercially
reasonable efforts to permit compliance with such obligations to the extent and in a manner that avoids any such harm or consequence.
The Party providing information pursuant to this Section 6.01 shall only be obligated to provide such information in the
form, condition and format in which it then exists, and in no event shall such Party be required to perform any improvement, modification,
conversion, updating or reformatting of any such information, and nothing in this Section 6.01 shall expand the obligations
of a Party under Section 6.04.

 

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(b)       Without
limiting the generality of the foregoing, until September 30, 2019 (and for a reasonable period of time afterwards as required
for each Party to prepare consolidated financial statements or complete a financial statement audit for such fiscal year), each
Party shall use its commercially reasonable efforts to cooperate with the other Party’s information requests to enable (i)
the other Party to meet its timetable for dissemination of its earnings releases, financial statements and management’s
assessment of the effectiveness of its disclosure controls and procedures and its internal control over financial reporting in
accordance with Items 307 and 308, respectively, of Regulation S-K promulgated under the Exchange Act; and (ii) the other Party’s
accountants to timely complete their review of the quarterly financial statements and audit of the annual financial statements,
including, to the extent applicable to such Party, its auditor’s audit of its internal control over financial reporting
and management’s assessment thereof in accordance with Section 404 of the Sarbanes-Oxley Act of 2002, the SEC’s and
Public Company Accounting Oversight Board’s rules and auditing standards thereunder and any other applicable Laws.

 

Section
6.02      Ownership of Information. The provision of any information pursuant to Section 6.01
or Section 6.07 shall not affect the ownership of such information (which shall be determined solely in accordance with
the terms of this Agreement and the Ancillary Agreements), or constitute a grant of rights in or to any such information.

 

Section
6.03      Compensation for Providing Information. The Party requesting information agrees to reimburse
the other Party for the reasonable costs, if any, of creating, gathering, copying, transporting and otherwise complying with the
request with respect to such information (including any reasonable costs and expenses incurred in any review of information for
purposes of protecting the Privileged Information of the providing Party or in connection with the restoration of backup media
for purposes of providing the requested information). Except as may be otherwise specifically provided elsewhere in this Agreement,
any Ancillary Agreement or any other agreement between the Parties, such costs shall be computed in accordance with the providing
Party’s standard methodology and procedures.

 

Section
6.04      Record Retention. To facilitate the possible exchange of information pursuant
to this Article VI and other provisions of this Agreement after the Effective Time, the Parties agree to use their commercially
reasonable efforts, which shall be no less rigorous than those used for retention of such Party’s own information, to retain
all information in their respective possession or control at the Effective Time in accordance with their respective policies regarding
retention of records; provided, however, that in the case of any information relating to Taxes, such retention period shall be
extended to the expiration of the applicable statute of limitations (giving effect to any extensions thereof).

 

Section
6.05      Limitations of Liability. Neither Party shall have any Liability to the other Party
in the event that any information exchanged or provided pursuant to this Agreement is found to be inaccurate in the absence of
gross negligence, bad faith or willful misconduct by the Party providing such information. Neither Party shall have any Liability
to any other Party if any information is destroyed after commercially reasonable efforts by such Party to comply with the provisions
of Section 6.04.

 

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Section
6.06      Other Agreements Providing for Exchange of Information.

 

(a)       The
rights and obligations granted under this Article VI are subject to any specific limitations, qualifications or additional
provisions on the sharing, exchange, retention, destruction or confidential treatment of information set forth in any Ancillary
Agreement.

 

(b)       Any
party that receives, pursuant to a request for information in accordance with this Article VI, Tangible Information that
is not relevant to its request shall, at the request of the providing Party, (i) return it to the providing Party or, at the providing
Party’s request, destroy such Tangible Information; and (ii) deliver to the providing Party written confirmation that such
Tangible Information was returned or destroyed, as the case may be, which confirmation shall be signed by an authorized representative
of the requesting Party.

 

Section
6.07      Production of Witnesses; Records; Cooperation.

 

(a)       After
the Effective Time, except in the case of a Dispute between Parent and MYnd California, or any members of their respective Groups,
each Party shall use its commercially reasonable efforts to make available to the other Party, upon written request, the former,
current and future directors, officers, employees, other personnel and agents of the members of its respective Group as witnesses
and any books, records or other documents within its control or which it otherwise has the ability to make available without undue
burden, to the extent that any such person (giving consideration to business demands of such directors, officers, employees, other
personnel and agents) or books, records or other documents may reasonably be required in connection with any Action in which the
requesting Party (or member of its Group) may from time to time be involved, regardless of whether such Action is a matter with
respect to which indemnification may be sought hereunder. The requesting Party shall bear all costs and expenses in connection
therewith.

 

(b)       If
an Indemnifying Party chooses to defend or to seek to compromise or settle any Third-Party Claim, the other Party shall make available
to such Indemnifying Party, upon written request, the former, current and future directors, officers, employees, other personnel
and agents of the members of its respective Group as witnesses and any books, records or other documents within its control or
which it otherwise has the ability to make available without undue burden, to the extent that any such person (giving consideration
to business demands of such directors, officers, employees, other personnel and agents) or books, records or other documents may
reasonably be required in connection with such defense, settlement or compromise, or such prosecution, evaluation or pursuit,
as the case may be, and shall otherwise cooperate in such defense, settlement or compromise, or such prosecution, evaluation or
pursuit, as the case may be.

 

(c)       Without
limiting the foregoing, the Parties shall cooperate and consult to the extent reasonably necessary with respect to any Actions.

 

    38

     

    

 

(d)       Without
limiting any provision of this Section 6.07, each of the Parties agrees to cooperate, and to cause each member of its respective
Group to cooperate, with each other in the defense of any infringement or similar claim with respect to any Intellectual Property
and shall not claim to acknowledge, or permit any member of its respective Group to claim to acknowledge, the validity or infringing
use of any Intellectual Property of a third Person in a manner that would hamper or undermine the defense of such infringement
or similar claim.

 

(e)       The
obligation of the Parties to provide witnesses pursuant to this Section 6.07 is intended to be interpreted in a manner
so as to facilitate cooperation and shall include the obligation to provide as witnesses directors, officers, employees, other
personnel and agents without regard to whether such person could assert a possible business conflict (subject to the exception
set forth in the first sentence of Section 6.07(a)).

 

Section
6.08      Privileged Matters.

 

(a)       The
Parties recognize that legal and other professional services that have been and will be provided prior to the Effective Time have
been and will be rendered for the collective benefit of each of the members of the Parent Group and the MYnd California Group,
and that each of the members of the Parent Group and the MYnd California Group should be deemed to be the client with respect
to such services for the purposes of asserting all privileges which may be asserted under applicable Law in connection therewith.
The Parties recognize that legal and other professional services will be provided following the Effective Time, which services
will be rendered solely for the benefit of the Parent Group or the MYnd California Group, as the case may be. In furtherance of
the foregoing, each Party shall authorize the delivery to and/or retention by the other Party of materials existing as of the
Effective Time that are necessary for such other Party to perform such services.

 

(b)       The
Parties agree as follows:

 

(i)       Parent
shall be entitled, in perpetuity, to control the assertion or waiver of all privileges and immunities in connection with any Privileged
Information that relates solely to the Parent Business and not to the MYnd California Business, whether or not the Privileged
Information is in the possession or under the control of any member of the Parent Group or any member of the MYnd California Group.
Parent shall also be entitled, in perpetuity, to control the assertion or waiver of all privileges and immunities in connection
with any Privileged Information that relates solely to any Parent Liabilities resulting from any Actions that are now pending
or may be asserted in the future, whether or not the Privileged Information is in the possession or under the control of any member
of the Parent Group or any member of the MYnd California Group;

 

(ii)      MYnd
California shall be entitled, in perpetuity, to control the assertion or waiver of all privileges and immunities in connection
with any Privileged Information that relates solely to the MYnd California Business and not to the Parent Business, whether or
not the Privileged Information is in the possession or under the control of any member of the MYnd California Group or any member
of the Parent Group. MYnd California shall also be entitled, in perpetuity, to control the assertion or waiver of all privileges
and immunities in connection with any Privileged Information that relates solely to any MYnd California Liabilities resulting
from any Actions that are now pending or may be asserted in the future, whether or not the Privileged Information is in the possession
or under the control of any member of the MYnd California Group or any member of the Parent Group; and

 

    39

     

    

 

(iii)       if
the Parties do not agree as to whether certain information is Privileged Information, then such information shall be treated as
Privileged Information, and the Party that believes that such information is Privileged Information shall be entitled to control
the assertion or waiver of all privileges and immunities in connection with any such information unless the Parties otherwise
agree. The Parties shall use the procedures set forth in Article VII to resolve any disputes as to whether any information
relates solely to the Parent Business, solely to the MYnd California Business, or to both the Parent Business and the MYnd California
Business.

 

(c)       Subject
to the remaining provisions of this Section 6.08, the Parties agree that they shall have a shared privilege or immunity
with respect to all privileges and immunities not allocated pursuant to Section 6.08(b) and all privileges and immunities
relating to any Actions or other matters that involve both Parties (or one or more members of their respective Groups) and in
respect of which both Parties have Liabilities under this Agreement, and that no such shared privilege or immunity may be waived
by either Party without the consent of the other Party.

 

(d)       If
any Dispute arises between the Parties or any members of their respective Groups regarding whether a privilege or immunity should
be waived to protect or advance the interests of either Party and/or any member of their respective Groups, each Party agrees
that it shall (i) negotiate with the other Party in good faith; (ii) endeavor to minimize any prejudice to the rights of the other
Party; and (iii) not unreasonably withhold consent to any request for waiver by the other Party. Further, each Party specifically
agrees that it shall not withhold its consent to the waiver of a privilege or immunity for any purpose except in good faith to
protect its own legitimate interests.

 

(e)       In
the event of any Dispute between Parent and MYnd California, or any members of their respective Groups, either Party may waive
a privilege in which the other Party or member of such other Party’s Group has a shared privilege, without obtaining consent
pursuant to Section 6.08(c); provided that the Parties intend such waiver of a shared privilege to be effective only as
to the use of information with respect to the Action between the Parties and/or the applicable members of their respective Groups,
and is not intended to operate as a waiver of the shared privilege with respect to any Third Party.

 

(f)       Upon
receipt by either Party, or by any member of its respective Group, of any subpoena, discovery or other request that may reasonably
be expected to result in the production or disclosure of Privileged Information subject to a shared privilege or immunity or as
to which another Party has the sole right hereunder to assert a privilege or immunity, or if either Party obtains knowledge that
any of its, or any member of its respective Group’s, current or former directors, officers, agents or employees have received
any subpoena, discovery or other requests that may reasonably be expected to result in the production or disclosure of such Privileged
Information, such Party shall promptly notify the other Party of the existence of the request (which notice shall be delivered
to such other Party no later than five (5) business days following the receipt of any such subpoena, discovery or other request)
and shall provide the other Party a reasonable opportunity to review the Privileged Information and to assert any rights it or
they may have under this Section 6.08 or otherwise, to prevent the production or disclosure of such Privileged Information.

 

    40

     

    

 

(g)       Any
furnishing of, or access or transfer of, any information pursuant to this Agreement is made in reliance on the agreement of Parent
and MYnd California set forth in this Section 6.08 and in Section 6.09 to maintain the confidentiality of Privileged
Information and to assert and maintain all applicable privileges and immunities. The Parties agree that their respective rights
to any access to information, witnesses and other Persons, the furnishing of notices and documents and other cooperative efforts
between the Parties contemplated by this Agreement, and the transfer of Privileged Information between the Parties and members
of their respective Groups as needed pursuant to this Agreement, is not intended to be deemed a waiver of any privilege that has
been or may be asserted under this Agreement or otherwise.

 

(h)       In
connection with any matter contemplated by Section 6.07 or this Section 6.08, the Parties agree to, and to cause
the applicable members of their Group to, use commercially reasonable efforts to maintain their respective separate and joint
privileges and immunities, including by executing joint defense and/or common interest agreements where necessary or useful for
this purpose.

 

Section
6.09      Confidentiality.

 

(a)       Confidentiality.
Subject to Section 6.10, from and after the Effective Time each of Parent and MYnd California, on behalf of itself and
each member of its respective Group, agrees to hold, and to cause its respective Representatives to hold, in strict confidence,
with at least the same degree of care that applies to Parent’s confidential and proprietary information pursuant to policies
in effect as of the Effective Time, all confidential and proprietary information concerning the other Party or any member of the
other Party’s Group or their respective businesses (giving effect to the Separation and Distribution) that is either in
its possession (including confidential and proprietary information in its possession prior to the date hereof) or furnished by
any such other Party or any member of such Party’s Group or their respective Representatives at any time pursuant to this
Agreement, any Ancillary Agreement or otherwise, and shall not use any such confidential and proprietary information other than
for such purposes as shall be expressly permitted hereunder or thereunder, except, in each case, to the extent that such confidential
and proprietary information has been (i) in the public domain or generally available to the public, other than as a result of
a disclosure by such Party or any member of such Party’s Group or any of their respective Representatives in violation of
this Agreement, (ii) later lawfully acquired from other sources by such Party (or any member of such Party’s Group) which
sources are not themselves bound by a confidentiality obligation or other contractual, legal or fiduciary obligation of confidentiality
with respect to such confidential and proprietary information, or (iii) independently developed or generated without reference
to or use of any proprietary or confidential information of the other Party or any member of such Party’s Group. If any
confidential and proprietary information of one Party or any member of its Group is disclosed to the other Party or any member
of such other Party’s Group in connection with providing services to such first Party or any member of such first Party’s
Group under this Agreement or any Ancillary Agreement, then such disclosed confidential and proprietary information shall be used
only as required to perform such services.

 

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(b)       No
Release; Return or Destruction. Each Party agrees not to release or disclose, or permit to be released or disclosed, any information
addressed in Section 6.09(a) to any other Person, except its Representatives who need to know such information in their
capacities as such (who shall be advised of their obligations hereunder with respect to such information), and except in compliance
with Section 6.10. Without limiting the foregoing, when any such information is no longer needed for the purposes contemplated
by this Agreement or any Ancillary Agreement, and is no longer subject to any legal hold or other document preservation obligation,
each Party will promptly after request of the other Party either return to the other Party all such information in a tangible
form (including all copies thereof and all notes, extracts or summaries based thereon) or notify the other Party in writing that
it has destroyed such information (and such copies thereof and such notes, extracts or summaries based thereon); provided, that
the Parties may retain electronic back-up versions of such information maintained on routine computer system backup tapes, disks
or other backup storage devices; provided further, that any such information so retained shall remain subject to the confidentiality
provisions of this Agreement or any Ancillary Agreement.

 

(c)       Third-Party
Information; Privacy or Data Protection Laws. Each Party acknowledges that it and members of its Group may presently have
and, following the Effective Time, may gain access to or possession of confidential or proprietary information of, or legally-protected
personal information relating to, Third Parties (i) that was received under privacy policies and/or confidentiality or non-disclosure
agreements entered into between such Third Parties, on the one hand, and the other Party or members of such other Party’s
Group, on the other hand, prior to the Effective Time; or (ii) that, as between the two Parties, was originally collected by the
other Party or members of such other Party’s Group and that may be subject to and protected by privacy policies, as well
as privacy, data protection or other applicable Laws. Each Party agrees that it shall hold, protect and use, and shall cause the
members of its Group and its and their respective Representatives to hold, protect and use, in strict confidence the confidential
and proprietary information of, or legally-protected personal information relating to, Third Parties in accordance with privacy
policies and privacy, data protection or other applicable Laws and the terms of any agreements that were either entered into before
the Effective Time or affirmative commitments or representations that were made before the Effective Time by, between or among
the other Party or members of the other Party’s Group, on the one hand, and such Third Parties, on the other hand. With
respect to legally-protected personal information received from consumers before the Effective Time, each Party agrees that it
will not use data in a manner that is materially inconsistent with promises made at the time the data was collected unless it
first obtains affirmative express consent from the relevant consumer.

 

(d)       Protective
Arrangements. In the event that a Party or any member of its Group either determines on the advice of its counsel that it
is required to disclose any information pursuant to applicable Law or receives any request or demand under lawful process or from
any Governmental Authority to disclose or provide information of the other Party (or any member of the other Party’s Group)
that is subject to the confidentiality provisions hereof, such Party shall notify the other Party (to the extent legally permitted)
as promptly as practicable under the circumstances prior to disclosing or providing such information and shall cooperate, at the
expense of the other Party, in seeking any appropriate protective order requested by the other Party. In the event that such other
Party fails to receive such appropriate protective order in a timely manner, then the Party that received such request or demand
may thereafter disclose or provide information to the extent required by such Law (as so advised by its counsel) or by lawful
process or such Governmental Authority, and the disclosing Party shall promptly provide the other Party with a copy of the information
so disclosed, in the same form and format so disclosed, together with a list of all Persons to whom such information was disclosed,
in each case to the extent legally permitted.

 

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Article
VII.

EMPLOYEE PROVISIONS

 

Section
7.01      Assignment and Transfer of Employees. Effective as of no later than the Effective Time
and except as otherwise agreed by the Parties, the Parties shall have taken such actions as are necessary to ensure that each
individual who is intended to be an employee of the MYnd California Group as of immediately after the Effective Time (including
any such individual who is not actively working as of the Effective Time as a result of an illness, injury or leave of absence
approved by the Parent human resources department or otherwise taken in accordance with applicable Law) (collectively, the “MYnd
California Employees”) is employed by a member of the MYnd California Group as of immediately after the Effective
Time. Each of the Parties agrees to execute, and to seek to have the applicable MYnd California Employees execute, such documentation,
if any, as may be necessary to reflect such assignment and/or transfer.

 

Section
7.02      At-Will Status. Nothing in this Agreement shall create any obligation on the part of any
member of the MYnd California Group to (a) continue the employment of any MYnd California Employee or permit the return from a
leave of absence for any period after the date of this Agreement (except as required by applicable Law) or (b) change the employment
status of any MYnd California Employee from “at-will,” to the extent that such MYnd California Employee is an “at-will”
employee under applicable Law.

 

Section
7.03     Severance. The Parties acknowledge and agree that, except as required by applicable Law, the
Separation, Distribution and the assignment, transfer or continuation of the employment of MYnd California Employees as contemplated
by this Article VII shall not be deemed an involuntary termination of employment entitling any MYnd California Employee
to severance payments or benefits.

 

Section
7.04     Director Compensation. Subject to the terms of the Merger Agreement, Parent shall be responsible
for the payment of any fees for service on the Parent Board that are earned at, before, or after the Effective Time, and MYnd
California shall not have any responsibility for any such payments.

 

Section
7.05      Adoption and Transfer and Assumption of Benefit Plans.

 

(a)       Adoption
by Parent of Benefit Plans. As of no later than the Effective Time or as soon thereafter as is practicable, MYnd California
shall adopt Benefit Plans (and related trusts, if applicable) as contemplated by, and in accordance with, the terms of this Agreement.

 

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(b)       Information
and Operation. Parent shall use its commercially reasonable efforts to provide MYnd California with information describing
each Benefit Plan election made by a MYnd California Employee that may have application to such Party’s Benefit Plans from
and after the Effective Time, and each Party shall use its commercially reasonable efforts to administer its Benefit Plans using
those elections. Each Party shall, upon reasonable request, use its commercially reasonable efforts to provide the other Party
and the other Party’s respective Affiliates, agents, and vendors all information reasonably necessary to the other Party’s
operation or administration of its Benefit Plans.

 

Section
7.06      Individual Agreements. To the extent necessary, Parent shall assign, or cause an applicable
member of the Parent Group to assign, to MYnd California or another member of the MYnd California Group, as designated by MYnd
California, all Individual Agreements with MYnd California Employees, with such assignment to be effective as of no later than
the Effective Time; provided, however, that to the extent that assignment of any such Individual Agreement is not permitted by
the terms of such agreement or by applicable Law, effective as of the Effective Time, each member of the MYnd California Group
shall be considered to be a successor to each member of the Parent Group for purposes of, and a third-party beneficiary with respect
to, such Individual Agreement, such that each member of the MYnd California Group shall enjoy all of the rights and benefits under
such agreement (including rights and benefits as a third-party beneficiary), with respect to the business operations of the MYnd
California Group.

 

Section
7.07      Information Sharing and Access.

 

(a)       Sharing
of Information. Subject to any limitations imposed by applicable Law, each of Parent and MYnd California (acting directly
or through members of the Parent Group or the MYnd California Group, respectively) shall provide to the other Party and its authorized
agents and vendors all information necessary (including information for purposes of determining benefit eligibility, participation,
vesting, calculation of benefits) on a timely basis under the circumstances for the Party to perform its duties under this Agreement.
Such information shall include information relating to equity awards under stock plans. To the extent that such information is
maintained by a third-party vendor, each Party shall use its commercially reasonable efforts to require the third-party vendor
to provide the necessary information and assist in resolving discrepancies or obtaining missing data.

 

(b)       Transfer
of Personnel Records and Authorization. Subject to any limitation imposed by applicable Law and to the extent that it has
not done so before the Effective Time, Parent shall transfer to MYnd California any and all employment records (including any
Form I-9, Form W-2 or other IRS forms) with respect to MYnd California Employees and other records reasonably required by MYnd
California to enable MYnd California properly to carry out its obligations under this Agreement. Such transfer of records generally
shall occur as soon as administratively practicable at or after the Effective Time. Each Party shall permit the other Party reasonable
access to its MYnd California Employee records, to the extent reasonably necessary for such accessing Party to carry out its obligations
hereunder.

 

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Article
VIII.

TAXES

 

Section
8.01      Parent Consolidated Returns. Parent shall prepare and file or cause to be prepared and filed
all Parent Consolidated Returns for a Pre-Closing Period or a Straddle Period, and shall pay all Taxes shown to be due and payable
on such Tax Returns. MYnd California shall elect and join, and will cause its respective Subsidiaries and Affiliates to join,
in filing any Parent Consolidated Returns that MYnd California is joining consistent with Past Practice or that Parent and MYnd
California determine in good faith are required to be filed or for which MYnd California and Parent mutually elect to do so. MYnd
California shall pay to Parent any MYnd California Taxes shown as due and payable on any Parent Consolidated Return prepared and
filed pursuant to this Section 8.01. For the avoidance of doubt any Taxes for a Straddle Period shall be allocated to the
Pre-Closing Period and the Post-Closing Period as set forth in Section 8.06.

 

Section
8.02      Mixed Business Tax Returns.

 

(a)       Subject
to Section 8.02(b), Parent shall prepare (or cause a member of the Parent Group to prepare) and Parent, a member of the
Parent Group or MYnd California or another member of the MYnd California Group shall timely file (or cause to be timely filed)
any Mixed Business Tax Returns for a Pre-Closing Period (including a Straddle Period) and Parent shall pay, or cause such member
of the Parent Group to pay, all Taxes shown to be due and payable on such Tax Returns; provided that MYnd California shall reimburse
Parent for any MYnd California Taxes (including any Taxes for a Straddle Period as determined under Section 8.06).

 

(b)       MYnd
California shall prepare and file (or cause a member of the MYnd California Group to prepare and file) any Mixed Business Tax
Returns for a Pre-Closing Period (including a Straddle Period) required to be filed by MYnd California or a member of the MYnd
California Group after the Distribution Date, and MYnd California shall pay, or cause such member of the MYnd California Group
to pay, all Taxes shown to be due and payable on such Tax Returns; provided that Parent shall reimburse MYnd California for any
Parent Taxes (including any Taxes for a Straddle Period as determined under Section 8.06).

 

Section
8.03      Single Business Returns.

 

(a)       Parent
shall prepare and file (or cause a member of the Parent Group to prepare and file) any Single Business Returns for a Pre-Closing
Period (including a Straddle Period) required to be filed by Parent or a member of the Parent Group and shall pay, or cause such
member of the Parent Group to pay, all Taxes shown to be due and payable on such Tax Returns; provided that MYnd California shall
reimburse Parent for any MYnd California Taxes (including any Taxes for a Straddle Period as determined under Section 8.06).

 

(b)       MYnd
California shall prepare and file (or cause a member of the MYnd California Group to prepare and file) any Single Business Returns
for a Pre-Closing Period (including a Straddle Period) required to be filed by MYnd California or a member of the MYnd California
Group and shall pay, or cause such member of the MYnd California Group to pay, all Taxes shown to be due and payable on such Tax
Returns; provided that Parent shall reimburse MYnd California for any Parent Taxes (including any Taxes for a Straddle Period
as determined under Section 8.06).

 

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Section
8.04      Procedures relating to Tax Returns other than Single Business Returns.

 

(a)       Parent
Consolidated Returns. With respect to all Parent Consolidated Returns for the taxable year which includes the Distribution
Date, Parent shall use the closing of the books method under Treasury Regulation Section 1.1502-76 (including adopting the “end
of the day rule” described therein). To the extent that the positions taken on any Parent Consolidated Return would reasonably
be expected to materially adversely affect the Tax position of MYnd California or a member of the MYnd California Group for any
period after the Distribution Date, Parent shall prepare the portions of such Tax Return in a manner that is consistent with Past
Practice unless otherwise required by applicable Law or agreed to in writing by the Parties, and shall provide a draft of such
portion of such Tax Return to MYnd California for its review and comment at least thirty (30) days prior to the Due Date for such
Tax Return, provided, however, that nothing herein shall prevent Parent from timely filing any such Tax Return.
In the event that Past Practice is not applicable to a particular item or matter, Parent shall determine the reporting of such
item or matter in good faith. The Parties shall negotiate in good faith to resolve all disputed issues. Any disputes that the
Parties are unable to resolve shall be resolved by the Accounting Firm pursuant to Section 8.16. In the event that any
dispute is not resolved (whether pursuant to good faith negotiations among the Parties or by the Accounting Firm) prior to the
Due Date for the filing of any such Tax Return, such Tax Return shall be timely filed by Parent and Parent agrees to amend such
Tax Return as necessary to reflect the resolution of such dispute in a manner consistent with such resolution.

 

(b)       Mixed
Business Tax Returns. To the extent that the positions taken on any Mixed Business Tax Return would reasonably be expected
to materially adversely affect the Tax position of the party other than the party that is required to prepare and file any such
Tax Return pursuant to Section 8.02 (the “Reviewing Party”) in any Post-Closing Period, the party
required to prepare and file such Tax Return (the “Preparing Party”) shall prepare the portions of such
Tax Return that relates to the business of the Reviewing Party in a manner that is consistent with Past Practice unless otherwise
required by applicable Law or agreed to in writing by the Parties, and shall provide a draft of such portion of such Tax Return
to the Reviewing Party for its review and comment at least thirty (30) days prior to the Due Date for such Tax Return, provided,
however, that nothing herein shall prevent the Preparing Party from timely filing any such Tax Return. In the event that Past
Practice is not applicable to a particular item or matter, the Preparing Party shall determine the reporting of such item or matter
in good faith. The Parties shall negotiate in good faith to resolve all disputed issues. Any disputes that the Parties are unable
to resolve shall be resolved by the Accounting Firm pursuant to Section 8.16. In the event that any dispute is not resolved
(whether pursuant to good faith negotiations among the Parties or by the Accounting Firm) prior to the Due Date for the filing
of any such Tax Return, such Tax Return shall be timely filed by the Preparing Party and the Parties agree to amend such Tax Return
as necessary to reflect the resolution of such dispute in a manner consistent with such resolution.

 

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Section
8.05      Amended Returns. Except as provided in Section 8.04 to reflect the resolution of any
dispute by the Accounting Firm pursuant to Section 8.16, (a) except with the prior written consent of Parent (such consent
not to be unreasonably withheld, delayed or conditioned), MYnd California shall not, and shall not permit any member of the MYnd
California Group to, amend any Tax Return of MYnd California or any member of the MYnd California Group for any Pre-Closing Period
(including any Straddle Period) to the extent such amendment could reasonably be expected to result in an indemnification obligation
on the part of Parent pursuant to Section 8.10 or otherwise increase the Taxes of any member of the Parent Group and (b)
except with the prior written consent of MYnd California (such consent not to be unreasonably withheld, delayed or conditioned),
Parent shall not, and shall not permit any member of the Parent Group to, amend any Tax Return for any Pre-Closing Period (including
any Straddle Period) to the extent such amendment could reasonably be expected to result in an indemnification obligation on the
part of MYnd California pursuant to Section 8.10 or otherwise increase the Taxes of any member of the MYnd California Group.

 

Section
8.06      Straddle Period Tax Allocation. Parent and MYnd California shall take all actions necessary
or appropriate to close the taxable year of MYnd California and each member of the MYnd California Group for all Tax purposes
as of the close of the Distribution Date to the extent permissible or required under applicable Law. If applicable Law does not
require or permit MYnd California or a member of the MYnd California Group, as the case may be, to close its taxable year on the
Distribution Date, then the allocation of income or deductions required to determine any Taxes or other amounts attributable to
the portion of the Straddle Period ending on, or beginning after, the Distribution Date shall be made by means of a closing of
the books and records of MYnd California or such member of the MYnd California Group as of the close of the Distribution Date;
provided that exemptions, allowances or deductions that are calculated on an annual or periodic basis shall be allocated between
such portions in proportion to the number of days in each such portion; provided, further, that real property and other property
and similar periodic Taxes shall be apportioned on a per diem basis.

 

Section
8.07      Timing of Payments. All Taxes required to be paid or caused to be paid pursuant to this Article
VIII by either Parent or a member of the Parent Group or MYnd California or a member of the MYnd California Group, as the
case may be, to an applicable Taxing Authority or reimbursed by Parent or MYnd California to the other Party pursuant to this
Agreement, shall, in the case of a payment to a Taxing Authority, be paid on or before the Due Date for the payment of such Taxes
and, in the case of a reimbursement to the other Party, be paid at least five (5) business days before the Due Date for the payment
of such Taxes by the other Party; provided that the Party seeking reimbursement shall furnish such other Party reasonably satisfactory
documentation setting forth the basis for, and calculation of, the amount of such reimbursement obligation at least twenty (20)
days before such Due Date.

 

Section
8.08      Expenses. Except as expressly provided in Section 8.09(b) and Section 8.16,
each Party shall bear its own expenses incurred in connection with this Article VIII.

 

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Section
8.09      Distribution Tax Reporting.

 

(a)       The
Parties shall cause the Distribution to be reported to holders of Parent Shares in accordance with applicable Law. The Parties
shall not take any position on any U.S. federal or state income tax return or take any other U.S. tax reporting position that
is inconsistent with the treatment of the Distribution as a distribution to which Section 301 of the Code applies, except as otherwise
required by applicable Law or a “determination” as defined in Code Section 1313.

 

(b)       Section
336(e) Election. Pursuant to Treasury Regulation Section 1.336-2(h)(1), if requested by MYnd California in its sole discretion,
Parent shall make a timely election under Section 336(e) of the Code and the Treasury Regulations issued thereunder for MYnd California
respect to the Distribution (a “Section 336(e) Election”). If so elected by MYnd California, Parent
shall cooperate with MYnd California in making the Section 336(e) Election, including filing any statements, amending any Tax
Returns or taking such other action reasonably necessary to carry out the Section 336(e) Election; provided that Parent shall
not be required to take any action requested by MYnd California in furtherance of this Section 8.09(b) that Parent reasonably
and in good faith determines to be materially adverse to Parent or any other member of the Parent Group. For the avoidance of
doubt, this Agreement is intended to constitute a written, binding agreement by Parent and MYnd California to make such Section
336(e) Election within the meaning of Treasury Regulation Section 1.336-2(h)(1)(i) if MYnd California determines that such election
shall be made. In such event, within sixty (60) days after the Distribution Date, MYnd California shall provide Parent with a
proposed determination of the “aggregate deemed asset disposition price” and the “adjusted grossed-up basis”
(each as defined under applicable Treasury Regulations) and the allocation of such “aggregate deemed asset disposition price”
and “adjusted grossed-up basis” among the MYnd California Assets, each in accordance with the applicable provisions
of Section 336(e) of the Code and applicable Treasury Regulations (the “Section 336(e) Allocation Statement”).
Within thirty (30) days after Parent’s receipt of the Section 336(e) Allocation Statement, Parent shall provide comments
(if any) to MYnd California to the Section 336(e) Allocation Statement and MYnd California shall consider such comments in good
faith; provided, however, that MYnd California may not reject any such Parent comment if such rejection would materially adversely
affect Parent without Parent’s consent, which consent may not be unreasonably withheld, delayed or conditioned (taking into
account the rights and obligations under this Agreement); provided, however, that if MYnd California may not reject any such comment
pursuant to this sentence then the Parties shall work together in good faith and any remaining disagreement with respect to such
comment shall be resolved pursuant to Section 8.04. If MYnd California determines that the Section 336(e) Election shall
be made, no member of the Parent Group or the MYnd California Group shall take any position inconsistent with the Section 336(e)
Election including the Section 336(e) Allocation Statement (as finally resolved pursuant to this Section 8.09(b)) except
as may be required by a “determination” as defined in Section 1313 of the Code. For the avoidance of doubt, MYnd California
shall bear all costs, expenses and Liabilities of Parent arising solely as a result of this Section 8.09(b), including
out of pocket costs and expenses arising in connection with amending any Parent Tax Returns.

 

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Section
8.10      Tax Indemnification.

 

(a)       Indemnification
by Parent. Parent shall pay, and shall indemnify and hold the MYnd California Group harmless from and against, without duplication,
(a) all Parent Taxes, (b) all Taxes incurred by MYnd California or any member of the MYnd California Group that would not have
been imposed but for the breach by Parent of any of its covenants hereunder, and (c) any out-of-pocket costs and expenses related
to the foregoing (including reasonable attorneys’ fees and expenses).

 

(b)       Indemnification
by MYnd California. MYnd California shall pay, and shall indemnify and hold the Parent Group harmless from and against, without
duplication, (a) all MYnd California Taxes, (b) all Taxes incurred by Parent or any member of the Parent Group that would not
have been imposed but for the breach by MYnd California of any of its covenants hereunder, and (c) any out-of-pocket costs and
expenses related to the foregoing (including reasonable attorneys’ fees and expenses).

 

(c)       Characterization
of and Adjustments to Payments. For all Tax purposes, unless otherwise required under applicable Law or pursuant to a “determination”
as defined in Code Section 1313, Parent and MYnd California shall treat any payment by Parent to a member of the MYnd California
Group or by MYnd California to a member of the Parent Group required by this Agreement (other than payments with respect to interest
accruing after the Distribution Date) as either a contribution by Parent to MYnd California or a distribution by MYnd California
to Parent, as the case may be, occurring immediately prior to the Distribution.

 

(d)       Timing
of Indemnification Payments. Indemnification payments in respect of any liabilities for which a Tax Indemnified Party is entitled
to indemnification pursuant to this Article VIII shall be paid by the Indemnifying Party to the Tax Indemnified Party within
ten (10) days after written notification thereof by the Tax Indemnified Party (or such shorter period specified in this Article
VIII), including reasonably satisfactory documentation setting forth the basis for, and calculation of, the amount of such
indemnification payment, or within ten (10) days after resolution of any Tax Proceeding pursuant to Section 8.13.

 

(e)       To
the extent that the provisions of this Section 8.10 conflict with the provisions of Section 4.02 or Section 4.03,
the provision set forth in this Section 8.10 shall control.

 

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Section
8.11     Refunds.

 

(a)      Refunds
and Credits.

 

(i)       Parent
shall be entitled to all Refunds received by any member of the MYnd California Group or any of their Affiliates of Taxes paid
by any member of the Parent Group to a Taxing Authority or to MYnd California pursuant to this Agreement or otherwise borne by
Parent pursuant to a claim for indemnity under this Agreement, and MYnd California shall be entitled to all Refunds received by
any member of the Parent Group or any of their Affiliates of Taxes paid by any member of the MYnd California Group to a Taxing
Authority or to Parent pursuant to this Agreement or otherwise borne by MYnd California pursuant to a claim for indemnity under
this Agreement; provided, however, that all Refunds of Taxes shall be offset and reduced by any amounts owed by the Party otherwise
entitled to the Refund under this Section 8.11(a)(i) to the other Party under this Agreement. For the avoidance of doubt,
to the extent that a particular Refund of Taxes is allocable to a Straddle Period with respect to which the Parties have shared
responsibility pursuant to Section 8.06, the portion of such Refund to which each Party will be entitled shall be determined
by comparing the amount of payments made by a Party (or any of member of such Party’s Group) to a Taxing Authority or to
the other Party (and reduced by the amount of payments received from the other Party) pursuant to this Article VIII with
the Tax liability of such Party as determined under Section 8.06, taking into account the facts as utilized for purposes
of claiming such Refund. If a Party (or any member of its Tax Group) receives a Refund to which the other Party is entitled pursuant
to this Agreement, such Party shall pay the net amount to which such other Party is entitled (including, for avoidance of doubt,
net of any Taxes imposed with respect to such refund and any other reasonable out-of-pocket costs incurred by such Party) within
ten (10) days after the receipt of the Refund. Notwithstanding the foregoing, neither Party shall be entitled to any payment or
other benefit from the other Party pursuant to this Section 8.11(a)(i) related to any Refund that is attributable to the
carrying back to a Pre-Closing Period of a net operating loss or tax credit that arose in a Post-Closing Period.

 

(ii)      For
the avoidance of doubt, to the extent that a Party (or any member of its Tax Group) applies or causes to be applied an overpayment
of Taxes as a credit toward or a reduction in Taxes otherwise payable (or a Taxing Authority requires such application in lieu
of a Refund) and such overpayment of Taxes, if received as a cash refund, would have been payable by such Party to the other Party
pursuant to this Section 8.11, such Party shall pay such amount to the other Party no later than ten (10) days following
the Due Date of the Tax Return on which the overpayment is reflected.

 

(iii)     If
there is a subsequent reduction by a Taxing Authority (or by virtue of a change in applicable Tax Law) of any amounts with respect
to which a payment has been made pursuant to Section 8.11(a)(i), then the applicable Party that received the benefit of
the Refund from the other Party shall pay to such other Party an amount equal to such reduction plus any interest or penalties
imposed by a Taxing Authority with respect to such reduction.

 

Section
8.12    Net Operating Losses. The Parties agree to allocate the net operating losses of MYnd California
existing on the Distribution Date to first reduce any Parent Transaction Taxes. Any net operating losses of MYnd California remaining
after such use shall follow the MYnd California Group after the Distribution Date to the fullest extent permitted under applicable
Law, and, except in accordance with the foregoing provisions of this Section 8.12, Parent shall not utilize the net operating
losses of MYnd California after the Distribution Date unless otherwise required under applicable Law. Parent and MYnd California
hereby agree to compute all Taxes for Post-Closing Periods consistently with the allocation of MYnd California net operating losses
pursuant to this Section 8.12. Parent and MYnd California hereby agree not to make any election with respect to the net
operating losses allocated pursuant to this Section 8.12 to MYnd California without the prior written approval of MYnd
California, which approval shall be provided by MYnd California in its sole and absolute discretion. Notwithstanding anything
to the contrary herein, to the extent that the net operating losses of MYnd California are not sufficient to eliminate entirely
the Parent Transaction Taxes, to maximum extent allowed by Law, any net operating losses of Parent (or any Affiliate of Parent)
shall be used to reduce the Parent Transaction taxes to zero.

 

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Section
8.13      Tax Proceedings. To the extent the provisions of this Section 8.13 conflict with
the provisions of Section 4.05, the provisions of this Section 8.13 shall control.

 

(a)       Notification
of Tax Proceedings. Within ten (10) days after a Tax Indemnified Party becomes aware of the commencement of a Tax Proceeding
with respect to a Pre-Closing Period (including a Straddle Period), such Tax Indemnified Party shall notify the Indemnifying Party
of such Tax Proceeding, and thereafter shall promptly forward or make available to the Indemnifying Party copies of material notices
and material communications relating to such Tax Proceeding. The failure of the Tax Indemnified Party to notify the Indemnifying
Party of the commencement of any such Tax Proceeding within such 10 day period or promptly forward any further material notices
or material communications shall not relieve the Indemnifying Party of any obligation which it may have to the Tax Indemnified
Party under this Agreement except to the extent to which the Indemnifying Party is actually prejudiced by the Tax Indemnified
Party’s failure to provide notice in accordance with this Section 8.13(a).

 

(b)       Tax
Proceeding Procedures Generally.

 

(i)       Tax
Proceedings relating to Parent Consolidated Returns. Parent shall be entitled to contest, compromise, control and settle any
adjustment or deficiency proposed, asserted or assessed pursuant to any Tax Proceeding with respect to any Parent Consolidated
Return; provided that to the extent such Tax Proceeding could reasonably be expected to adversely affect the amount of Taxes for
which MYnd California is responsible pursuant to Section 8.10, Parent shall (A) defend such Tax Proceeding diligently and
in good faith and (B) shall keep MYnd California informed in a timely manner of all actions proposed to be taken by Parent with
respect to such Tax Proceeding (or to the extent practicable the portion of such Tax Proceeding that relates to Taxes for which
MYnd California is responsible pursuant to Section 8.10), (C) shall permit MYnd California to participate (at MYnd California’s
sole expense) in all proceedings with respect to such Tax Proceeding (or to the extent practicable the portion of such Tax Proceeding
that relates to Taxes for which MYnd California is responsible pursuant to Section 8.10), and (D) shall not settle any
such Tax Proceeding without the prior written consent of MYnd California, which shall not be unreasonably withheld, conditioned
or delayed.

 

(ii)     Tax
Proceedings relating to Other Returns. The Preparing Party (in the case of a Mixed Business Tax Return) or the Single Business
Return Preparing Party (in the case of a Single Business Return) shall be entitled to contest, compromise, control and settle
any adjustment or deficiency proposed, asserted or assessed pursuant to any Tax Proceeding with respect to any Mixed Business
Tax Return or Single Business Return; provided that to the extent such Tax Proceeding could reasonably be expected to adversely
affect the amount of Taxes for which non-controlling Party is responsible pursuant to Section 8.10, the controlling Party
shall (A) defend such Tax Proceeding diligently and in good faith, (B) shall keep the non-controlling party informed in a timely
manner of all actions proposed to be taken by the controlling party with respect to such Tax Proceeding (or to the extent practicable
the portion of such Tax Proceeding that relates to Taxes for which the non-controlling party is responsible pursuant to Section
8.10), (C) shall permit the non-controlling Party to participate (at the non-controlling Party’s sole expense) in all
material proceedings with respect to such Tax Proceeding (or to the extent practicable the portion of such Tax Proceeding that
relates to Taxes for which the non-controlling Party is responsible pursuant to Section 8.10), and (D) shall not settle
any such Tax Proceeding without the prior written consent of the non-controlling Party, which shall not be unreasonably withheld,
conditioned or delayed.

 

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Section
8.14      Tax Cooperation.

 

(a)       General
Cooperation. The Parties shall each cooperate fully (and each shall cause its respective Subsidiaries to cooperate fully)
with all reasonable requests in writing from another Party hereto, or from an agent, representative or advisor to such Party,
in connection with the preparation and filing of Tax Returns, claims for Refunds, Tax Proceedings, and calculations of amounts
required to be paid pursuant to this Agreement, in each case, related or attributable to or arising in connection with Taxes of
either of the Parties or their respective Subsidiaries covered by this Agreement and in connection with any financial reporting
matter relating to Taxes (a “Tax Matter”). Such cooperation shall include the provision of any information
reasonably necessary in connection with a Tax Matter (“Information”) and shall include, without limitation:

 

(i)       the
provision of any Tax Returns, other than any Parent Consolidated Return, of the Parties and their respective Subsidiaries and
other documentation and information which is reasonably relevant to any such Tax Return, claim for Refund, Tax Proceeding or calculation;

 

(ii)      the
execution of any document (including any power of attorney) reasonably necessary in connection with any Tax Proceedings of either
of the Parties or their respective Subsidiaries for Pre-Closing Periods (including Straddle Periods); and

 

(iii)     the
making of each Party’s employees, advisors, and facilities available on a reasonable and mutually convenient basis in connection
with the foregoing matters.

 

(b)       Notwithstanding
anything in this Agreement to the contrary, neither Party shall be required to provide the other Party or any of such other Party’s
Subsidiaries access to or copies of information, documents or personnel if such action could reasonably be expected to result
in the waiver of any Privilege. In the event that either Party determines that the provision of any information or documents to
the other Party or any of such other Party’s Subsidiaries could be commercially detrimental, violate any law or agreement
or waive any Privilege, the Parties shall use commercially reasonable efforts to permit compliance with its obligations hereunder
in a manner that avoids any such harm or consequence.

 

(c)       The
Parties shall perform all actions required or permitted under this Agreement in good faith. If one Party requests the cooperation
of the other Party pursuant to this Section 8.14, the requesting Party shall reimburse such other Party for all reasonable
out-of-pocket costs and expenses incurred by such other Party in complying with the requesting Party’s request.

 

    52

     

    

 

Section
8.15      Retention of Records. Parent and MYnd California shall retain or cause to be retained
all Tax Returns, material schedules and material work papers, and all material records or other material documents relating thereto
in their possession, in each case that relate to a Pre-Closing Period, until the expiration of all applicable statutes of limitations
(the “Retention Period”). Upon the expiration of the Retention Period, the foregoing information may
be destroyed or disposed of by the Party retaining such documentation or other information unless the other Party otherwise requests
in writing before the expiration of the Retention Period. In such case, the Party retaining such documentation or other information
shall deliver such materials to the other Party at the expense of such other Party.

 

Section
8.16      Tax Dispute Resolution. In the event of any dispute between the Parties as to any matter
covered by this Article VIII, the Parties shall appoint a nationally recognized public accounting firm reasonably acceptable
to both of the Parties (the “Accounting Firm”) to resolve such dispute. In this regard, the Accounting
Firm shall make determinations with respect to the disputed items based solely on representations made by Parent and MYnd California
and their respective representatives, and not by independent review, and shall function only as an expert and not as an arbitrator
and shall be required to make a determination within the ranges submitted by the Parties. The Parties shall require the Accounting
Firm to resolve all disputes no later than thirty (30) days after the submission of such dispute to the Accounting Firm, and agree
that all decisions by the Accounting Firm with respect thereto shall be final and conclusive and binding on the Parties. The Accounting
Firm shall resolve all disputes in a manner consistent with this Agreement and, to the extent not inconsistent with this Agreement,
in a manner consistent with the Past Practices of Parent and its Subsidiaries, except as otherwise required by applicable Law.
The Parties shall require the Accounting Firm to render all determinations in writing and to set forth, in reasonable detail,
the basis for such determination. The total costs and expenses of the Accounting Firm will be allocated and borne between Parent
and MYnd California based upon that percentage of such fees and expenses equal to the percentage of the dollar value of the proposed
determinations submitted to the Accounting Firm determined in favor of the other Party; provided, that if in light of the nature
of the dispute the foregoing is not feasible, such costs and expenses shall be borne equally by the Parties. Any initial retainer
required by the Accounting Firm shall be funded equally by the Parties (and, following the Accounting Firm’s determination,
the Parties shall make appropriate payments between themselves as are necessary to give effect to the preceding sentence). To
the extent the provisions of this Section 8.16 conflict with the provisions of Article IX, the provisions of this
Section 8.16 shall control. Notwithstanding anything to the contrary contained herein, in the case of Parent Consolidated
Returns, the Accounting Firm shall resolve any dispute in favor of MYnd California if MYnd California’s position is supported
by a “more likely than not” standard under the Code or if no position is supported by a “more likely than not”
standard, if MYnd California’s position has “substantial authority” within the meaning of Treasury Regulation
Section 1.6662-4(d)(2).

 

    53

     

    

 

Section
8.17      Transfer Taxes. All Transfer Taxes, if any, shall be borne by MYnd California and shall
be paid by MYnd California when due. MYnd California will prepare and timely file all necessary Tax Returns and other documentation
with respect to all such Transfer Taxes (the expense of which shall be borne by MYnd California) and, if required by applicable
Law, Parent will join in the execution of any such Tax Returns and other documentation.

 

Article
IX.

DISPUTE RESOLUTION

 

Section
9.01      Good Faith Offer Negotiation. Subject to Section 9.04, either Party seeking resolution
of any dispute, controversy or claim arising out of or relating to this Agreement or any Ancillary Agreement (including regarding
whether any Assets are MYnd California Assets, any Liabilities are MYnd California Liabilities or the validity, interpretation,
breach or termination of this Agreement or any Ancillary Agreement) (a “Dispute”), shall provide written
notice thereof to the other Party (the “Offer Negotiation Request”). Within fifteen (15) days of the
delivery of the Offer Negotiation Request, the Parties shall attempt to resolve the Dispute through good faith negotiation. All
such negotiations shall be conducted by executives who hold, at a minimum, the title of Senior Vice President and who have authority
to settle the Dispute. All such negotiations shall be confidential and shall be treated as compromise and settlement negotiations
for purposes of applicable rules of evidence. If the Parties are unable for any reason to resolve a Dispute within thirty (30)
days of receipt of the Offer Negotiation Request, and such thirty (30) day period is not extended by mutual written consent of
the Parties, the Chief Executive Officers of the Parties shall enter into good faith negotiations in accordance with Section
9.02.

 

Section
9.02      Good-Faith Negotiation. If any Dispute is not resolved pursuant to Section 9.01,
the Party that delivered the Offer Negotiation Request shall provide written notice of such Dispute to the Chief Executive Officer
of each Party (a “CEO Negotiation Request”). As soon as reasonably practicable following receipt of
a CEO Negotiation Request, the Chief Executive Officers of the Parties shall begin conducting good-faith negotiations with respect
to such Dispute. All such negotiations shall be confidential and shall be treated as compromise and settlement negotiations for
purposes of applicable rules of evidence. If the Chief Executive Officers of the Parties are unable for any reason to resolve
a Dispute within thirty (30) days of receipt of a CEO Negotiation Request, and such 30 day period is not extended by mutual written
consent of the Parties, the Dispute shall be submitted to arbitration in accordance with Section 9.03.

 

Section
9.03      Arbitration.

 

(a)       In
the event that a Dispute has not been resolved within thirty (30) days of the receipt of a CEO Negotiation Request in accordance
with Section 9.02, or within such longer period as the Parties may agree to in writing, then such Dispute shall, upon the
written request of a Party (the “Arbitration Request”) be submitted to be finally resolved by binding
arbitration in accordance with the then current International Institute for Conflict Prevention and Resolution (“CPR”)
arbitration procedure, except as modified herein. The arbitration shall be held in (i) Orange County, California, or (ii) such
other place as the Parties may mutually agree in writing. Unless otherwise agreed by the Parties in writing, any Dispute to be
decided pursuant to this Section 9.03 will be decided before a sole arbitrator. The sole independent arbitrator will be
appointed by agreement of the Parties within fifteen (15) days of the date of receipt of the Arbitration Request. If the Parties
cannot agree to a sole independent arbitrator during such fifteen (15) day period, then upon written application by either party,
the sole independent arbitrator will be appointed pursuant to the CPR arbitration procedure.

 

    54

     

    

 

(b)       The
arbitrator will have the right to award, on an interim basis, or include in the final award, any relief which it deems proper
in the circumstances, including money damages (with interest on unpaid amounts from the due date), injunctive relief (including
specific performance) and reasonable attorneys’ fees and costs; provided that the arbitrators will not award any relief
not specifically requested by the Parties and, in any event, will not award any indirect, punitive, exemplary, remote, speculative
or similar damages in excess of compensatory damages of the other arising in connection with the transactions contemplated hereby
(other than any such Liability with respect to a Third-Party Claim). The award of the arbitrator shall be final and binding on
the Parties, and may be enforced in any court of competent jurisdiction. The initiation of arbitration pursuant to this Article
IX will toll the applicable statute of limitations for the duration of any such proceedings.

 

Article
X.

FURTHER ASSURANCES AND ADDITIONAL COVENANTS

 

Section
10.01    Further Assurances.

 

(a)       In
addition to the actions specifically provided for elsewhere in this Agreement, each of the Parties shall use its reasonable best
efforts, prior to, on and after the Effective Time, to take, or cause to be taken, all actions, and to do, or cause to be done,
all things, reasonably necessary, proper or advisable under applicable Laws, regulations and agreements to consummate and make
effective the transactions contemplated by this Agreement and the Ancillary Agreements.

 

(b)       Without
limiting the foregoing, prior to, on and after the Effective Time, each Party hereto shall cooperate with the other Party, and
without any further consideration, but at the expense of the requesting Party, to execute and deliver, or use its reasonable best
efforts to cause to be executed and delivered, all instruments, including instruments of conveyance, assignment and transfer,
and to make all filings with, and to obtain all Approvals or Notifications of, any Governmental Authority or any other Person
under any permit, license, agreement, indenture or other instrument (including any consents or Governmental Approvals), and to
take all such other actions as such Party may reasonably be requested to take by the other Party from time to time, consistent
with the terms of this Agreement and the Ancillary Agreements, in order to effectuate the provisions and purposes of this Agreement
and the Ancillary Agreements and the transfers of the MYnd California Assets and the Parent Group’s assets and the assignment
and assumption of the MYnd California Liabilities and the Parent Liabilities and the other transactions contemplated hereby and
thereby. Without limiting the foregoing, each Party will, at the reasonable request, cost and expense of the other Party, take
such other actions as may be reasonably necessary to vest in such other Party good and marketable title to the Assets allocated
to such Party under this Agreement or any of the Ancillary Agreements, free and clear of any Security Interest, if and to the
extent it is practicable to do so.

 

    55

     

    

 

(c)       On
or prior to the Effective Time, Parent and MYnd California, in their respective capacities as direct and indirect stockholders
of the members of their Groups, shall each ratify any actions which are reasonably necessary or desirable to be taken by Parent,
MYnd California or any of the members of their respective Groups, as the case may be, to effectuate the transactions contemplated
by this Agreement and the Ancillary Agreements.

 

(d)       Parent
and MYnd California, and each of the members of their respective Groups, waive (and agree not to assert against any of the others)
any claim or demand that any of them may have against any of the others for any Liabilities or other claims relating to or arising
out of: (i) the failure of MYnd California or any other member of the MYnd California Group, on the one hand, or of Parent or
any other member of the Parent Group, on the other hand, to provide any notification or disclosure required under any state Environmental
Law in connection with the Separation or the other transactions contemplated by this Agreement, including the transfer by any
member of any Group to any member of the other Group of ownership or operational control of any Assets not previously owned or
operated by such transferee; or (ii) any inadequate, incorrect or incomplete notification or disclosure under any such state Environmental
Law by the applicable transferor. To the extent any Liability to any Governmental Authority or any third Person arises out of
any action or inaction described in clause (i) or (ii) above, the transferee of the applicable Asset hereby assumes and agrees
to pay any such Liability.

 

Article
XI.

TERMINATION

 

Section
11.01   Termination. This Agreement and all Ancillary Agreements may be terminated and the Distribution
may be amended, modified or abandoned at any time prior to the Effective Time by Parent, in its sole and absolute discretion,
without the approval or consent of any other Person, including MYnd California. After the Effective Time, this Agreement may not
be terminated except by an agreement in writing signed by a duly authorized officer of each of the Parties.

 

Section
11.02    Effect of Termination. In the event of any termination of this Agreement prior to the
Effective Time, no Party (nor any of its directors, officers or employees) shall have any Liability or further obligation to the
other Party by reason of this Agreement.

 

Article
XII.

MISCELLANEOUS

 

Section
12.01    Counterparts; Entire Agreement; Corporate Power.

 

(a)       This
Agreement and each Ancillary Agreement may be executed in one or more counterparts, all of which shall be considered one and the
same agreement, and shall become effective when one or more counterparts have been signed by each of the Parties and delivered
to the other Party.

 

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(b)       This
Agreement, the Ancillary Agreements and the Exhibits, Schedules and appendices hereto and thereto contain the entire agreement
between the Parties with respect to the subject matter hereof, supersede all previous agreements, negotiations, discussions, writings,
understandings, commitments and conversations with respect to such subject matter, and there are no agreements or understandings
between the Parties other than those set forth or referred to herein or therein. This Agreement and the Ancillary Agreements together
govern the arrangements in connection with the Separation and Distribution and would not have been entered independently.

 

(c)       Parent
represents on behalf of itself and each other member of the Parent Group, and MYnd California represents on behalf of itself and
each other member of the MYnd California Group, as follows:

 

(i)       each
such Person has the requisite corporate or other power and authority and has taken all corporate or other action necessary in
order to execute, deliver and perform this Agreement and each Ancillary Agreement to which it is a party and to consummate the
transactions contemplated hereby and thereby; and

 

(ii)       this
Agreement and each Ancillary Agreement to which it is a party has been duly executed and delivered by it and constitutes a valid
and binding agreement of it enforceable in accordance with the terms thereof.

 

(iii)      No
broker, finder or other Person is entitled to any fee or commission in connection with the transactions contemplated in this Agreement
based upon any arrangement made by or on behalf of Parent or MYnd California.

 

(d)       Each
Party acknowledges that it and each other Party is executing certain of the Ancillary Agreements by facsimile, stamp or mechanical
signature, and that delivery of an executed counterpart of a signature page to this Agreement or any Ancillary Agreement (whether
executed by manual, stamp or mechanical signature) by facsimile or by email in portable document format (PDF) shall be effective
as delivery of such executed counterpart of this Agreement or any Ancillary Agreement. Each Party expressly adopts and confirms
each such facsimile, stamp or mechanical signature (regardless of whether delivered in person, by mail, by courier, by facsimile
or by email in portable document format (PDF)) made in its respective name as if it were a manual signature delivered in person,
agrees that it will not assert that any such signature or delivery is not adequate to bind such Party to the same extent as if
it were signed manually and delivered in person and agrees that, at the reasonable request of the other Party at any time, it
will as promptly as reasonably practicable cause each such Ancillary Agreement to be manually executed (any such execution to
be as of the date of the initial date thereof) and delivered in person, by mail or by courier.

 

Section
12.02    Governing Law. This Agreement and, unless expressly provided therein, each Ancillary Agreement
(and any claims or disputes arising out of or related hereto or thereto or to the transactions contemplated hereby and thereby
or to the inducement of any party to enter herein and therein, whether for breach of contract, tortious conduct or otherwise and
whether predicated on common law, statute or otherwise) shall be governed by and construed and interpreted in accordance with
the Laws of the State of Delaware irrespective of the choice of laws principles of the State of Delaware including all matters
of validity, construction, effect, enforceability, performance and remedies.

 

    57

     

    

 

Section
12.03     Assignability. Except as set forth in any Ancillary Agreement, this Agreement and each
Ancillary Agreement shall be binding upon and inure to the benefit of the Parties and the parties thereto, respectively, and their
respective successors and permitted assigns; provided, however, that neither Party nor any such party thereto may assign its rights
or delegate its obligations under this Agreement or any Ancillary Agreement without the express prior written consent of the other
Party hereto or other parties thereto, as applicable. Notwithstanding the foregoing, no such consent shall be required for the
assignment of a party’s rights and obligations under this Agreement and the Ancillary Agreements (except as may be otherwise
provided in any such Ancillary Agreement) in whole (i.e., the assignment of a party’s rights and obligations under
this Agreement and all Ancillary Agreements all at the same time) in connection with a change of control of a Party so long as
the resulting, surviving or transferee Person assumes all the obligations of the relevant party thereto by operation of Law or
pursuant to an agreement in form and substance reasonably satisfactory to the other Party.

 

Section
12.04    Third-Party Beneficiaries. Except for the indemnification rights under this Agreement and each
Ancillary Agreement of any Parent Indemnitee or MYnd California Indemnitee in their respective capacities as such, (a) the provisions
of this Agreement and each Ancillary Agreement are solely for the benefit of the Parties and are not intended to confer upon any
Person except the Parties any rights or remedies hereunder, and (b) there are no third-party beneficiaries of this Agreement or
any Ancillary Agreement and neither this Agreement nor any Ancillary Agreement shall provide any third person with any remedy,
claim, Liability, reimbursement, claim of action or other right in excess of those existing without reference to this Agreement
or any Ancillary Agreement.

 

Section
12.05     Notices. Any notice or other communication required or permitted to be delivered to any Party
under this Agreement shall be in writing and shall be deemed properly delivered, given and received when delivered by hand, by
registered mail, by courier or express delivery service or by facsimile to the address or facsimile telephone number set forth
beneath the name of such Party below (or to such other address or facsimile telephone number as such Party shall have specified
in a written notice given to the other parties hereto):

 

if
to Parent prior to the Effective Time to:

 

MYnd
Analytics, Inc.

26522
La Alameda, Suite 290

Mission
Viejo, CA 92691

Attention:
        Patrick Herguth

Email:
              pherguth@myndanalytics.com

 

    58

     

    

 

with
a copy to:

 

Dentons
US LLP

1221
Avenue of the Americas

New
York, NY 10020-1089 

Email:
jeffrey.baumel@dentons.com

ilan.katz@dentons.com

Attention:
 Jeffrey A. Baumel, Esq.

    Ilan
Katz, Esq.

 

if
to Parent after the Effective Time to:

 

Emmaus
Life Sciences, Inc.

21250
Hawthorne Boulevard

Suite
800, Torrance, CA 90503

Attention:
        Chief Executive Officer

Email:
              yniihara@emmauslifesciences.com

 

with
a copy to:

 

Emmaus
Life Sciences, Inc.

21250
Hawthorne Boulevard

Suite
800, Torrance, CA 90503

Attention:
        General Counsel 

Email:
              dshort@emmauslifesciences.com

 

if
to MYnd California:

 

MYnd
Analytics, Inc.

26522
La Alameda, Suite 290 

Mission
Viejo, CA 92691

Attention:
        Patrick Herguth

Email:
              pherguth@myndanalytics.com

 

    59

     

    

 

with
a copy to:

 

Dentons
US LLP

1221
Avenue of the Americas

New
York, NY 10020-1089 

Email:
jeffrey.baumel@dentons.com

ilan.katz@dentons.com

Attention:
 Jeffrey A. Baumel, Esq.

   Ilan
Katz, Esq.

 

Section
12.06      Severability. If any provision of this Agreement or any Ancillary Agreement or the application thereof to any Person
or circumstance is determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions
hereof or thereof, or the application of such provision to Persons or circumstances or in jurisdictions other than those as to
which it has been held invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired
or invalidated thereby. Upon such determination, the Parties shall negotiate in good faith in an effort to agree upon such a suitable
and equitable provision to effect the original intent of the Parties.

 

Section
12.07      No Set-Off. Except as expressly set forth in this Agreement or any Ancillary Agreement or as otherwise mutually agreed
to in writing by the Parties, neither Party nor any member of such Party’s Group shall have any right of set-off or other
similar rights with respect to (a) any amounts received pursuant to this Agreement or any Ancillary Agreement; or (b) any other
amounts claimed to be owed to the other Party or any member of its Group arising out of this Agreement or any Ancillary Agreement.

 

Section
12.08      Expenses. Except as otherwise expressly set forth in this Agreement or any Ancillary Agreement, or as otherwise agreed
to in writing by the Parties, all fees, costs and expenses incurred on or prior to the Effective Time in connection with the preparation,
execution, delivery and implementation of this Agreement, including the Separation and the Distribution, and any Ancillary Agreement,
the Form 10 and the consummation of the transactions contemplated hereby and thereby will be borne by the Party or its applicable
Subsidiary incurring such fees, costs or expenses.

 

Section
12.09      Headings. The article, section and paragraph headings contained in this Agreement and in the Ancillary Agreements
are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement or any Ancillary
Agreement.

 

    60

     

    

 

Section
12.10      Survival of Covenants. Except as expressly set forth in this Agreement or any Ancillary Agreement, the covenants,
representations and warranties contained in this Agreement and each Ancillary Agreement, and Liability for the breach of any obligations
contained herein, shall survive the Separation and the Distribution and shall remain in full force and effect.

 

Section
12.11     Waivers of Default. Waiver by a Party of any default by the other Party of any provision of this Agreement or any
Ancillary Agreement shall not be deemed a waiver by the waiving Party of any subsequent or other default, nor shall it prejudice
the rights of the other Party. No failure or delay by a Party in exercising any right, power or privilege under this Agreement
or any Ancillary Agreement shall operate as a waiver thereof, nor shall a single or partial exercise thereof prejudice any other
or further exercise thereof or the exercise of any other right, power or privilege.

 

Section
12.12      Specific Performance. Subject to the provisions of Article XI, in the event of any actual or threatened default
in, or breach of, any of the terms, conditions and provisions of this Agreement or any Ancillary Agreement, the Party or Parties
who are, or are to be, thereby aggrieved shall have the right to specific performance and injunctive or other equitable relief
in respect of its or their rights under this Agreement or such Ancillary Agreement, in addition to any and all other rights and
remedies at law or in equity, and all such rights and remedies shall be cumulative. The Parties agree that the remedies at law
for any breach or threatened breach, including monetary damages, are inadequate compensation for any loss and that any defense
in any Action for specific performance that a remedy at law would be adequate is waived. Any requirements for the securing or
posting of any bond with such remedy are waived by each of the Parties.

 

Section
12.13     Amendments. No provisions of this Agreement or any Ancillary Agreement shall be deemed waived, amended, supplemented
or modified by a Party, unless such waiver, amendment, supplement or modification is in writing and signed by the authorized representative
of the Party against whom it is sought to enforce such waiver, amendment, supplement or modification.

 

    61

     

    

 

Section
12.14      Interpretation. In this Agreement and any Ancillary Agreement, (a) words in the singular shall be deemed to include
the plural and vice versa and words of one gender shall be deemed to include the other genders as the context requires; (b) the
terms “hereof,” “herein,” and “herewith” and words of similar import shall, unless otherwise
stated, be construed to refer to this Agreement (or the applicable Ancillary Agreement) as a whole (including all of the Schedules,
Exhibits and Appendices hereto and thereto) and not to any particular provision of this Agreement (or such Ancillary Agreement);
(c) Article, Section, Schedule, Exhibit and Appendix references are to the Articles, Sections, Schedules, Exhibits and Appendices
to this Agreement (or the applicable Ancillary Agreement) unless otherwise specified; (d) unless otherwise stated, all references
to any agreement (including this Agreement and each Ancillary Agreement) shall be deemed to include the exhibits, schedules and
annexes (including all Schedules, Exhibits and Appendixes) to such agreement; (e) the word “including” and words of
similar import when used in this Agreement (or the applicable Ancillary Agreement) shall mean “including, without limitation,”
unless otherwise specified; (f) the word “or” shall not be exclusive; (g) unless otherwise specified in a particular
case, the word “days” refers to calendar days; (h) references to “business day” shall mean any day other
than a Saturday, a Sunday or a day on which banking institutions are generally authorized or required by law to close in the United
States or New York, New York; (i) references herein to this Agreement or any other agreement contemplated herein shall be deemed
to refer to this Agreement or such other agreement as of the date on which it is executed and as it may be amended, modified or
supplemented thereafter, unless otherwise specified; and (j) unless expressly stated to the contrary in this Agreement or in any
Ancillary Agreement, all references to “the date hereof,” “the date of this Agreement,” “hereby”
and “hereupon” and words of similar import shall all be references to the date set forth in the introductory paragraph
of this Agreement.

 

Section
12.15      Limitations of Liability. Notwithstanding anything in this Agreement to the contrary, neither MYnd California or
any member of the MYnd California Group, on the one hand, nor Parent or any member of the Parent Group, on the other hand, shall
be liable under this Agreement to the other for any indirect, punitive, exemplary, remote, speculative or similar damages in excess
of compensatory damages of the other arising in connection with the transactions contemplated hereby.

 

Section
12.16      Performance. Parent will cause to be performed, and hereby guarantees the performance of, all actions, agreements
and obligations set forth in this Agreement or in any Ancillary Agreement to be performed by any member of the Parent Group. MYnd
California will cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth
in this Agreement or in any Ancillary Agreement to be performed by any member of the MYnd California Group. Each Party (including
its permitted successors and assigns) further agrees that it will (a) give timely notice of the terms, conditions and continuing
obligations contained in this Agreement and any applicable Ancillary Agreement to all of the other members of its Group and (b)
cause all of the other members of its Group not to take any action or fail to take any such action inconsistent with such Party’s
obligations under this Agreement, any Ancillary Agreement or the transactions contemplated hereby or thereby.

 

Section
12.17      Mutual Drafting. This Agreement and the Ancillary Agreements shall be deemed to be the joint work product of the
Parties and any rule of construction that a document shall be interpreted or construed against a drafter of such document shall
not be applicable.

 

(Signature
Page Follows)

 

    62

     

    

 

IN
WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their duly authorized representatives as of the date
first written above.

 

	 	PARENT:
	 	 
	 	MYND ANALYTICS, INC.
	 	 	 
	 	By:	/s/ Patrick Herguth
	 	 	Name: Patrick Herguth
	 	 	Title: Chief Executive Officer

 

	 	MYND CALIFORNIA:
	 	 
	 	MYND ANALYTICS, INC.
	 	 	 
	 	By:	/s/ Patrick Herguth
	 	 	Name: Patrick Herguth
	 	 	Title: Chief Executive Officer

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