Document:

Exhibit 10.8

 

DEALER MANAGER AGREEMENT

 

This Dealer Manager
Agreement (this “Agreement”), dated as of November 23, 2020, is entered into by and among Steele Creek Capital
Corporation, a Maryland corporation (the “Company”), Steele Creek Investment Management LLC, a Delaware limited
liability company (the “Investment Adviser”), and S2K Financial LLC, a Delaware limited liability company (the
“Dealer Manager”). The Company, the Investment Adviser and the Dealer Manager are collectively referred to herein
as “Parties” and each as a “Party.”

 

1. Offering.

 

(a) The
Company intends to offer and sell shares of capital stock of the Company (the “Shares”) in a private placement
(the “Offering”) exempt from registration under the Securities Act of 1933, as amended (the “Securities
Act”), pursuant to Rule 506 of Regulation D promulgated under the Securities Act (“Regulation D”),
on the terms and conditions described in the Confidential Private Placement Memorandum, dated November 24, 2020 (the “Memorandum
Date”), with respect to the Offering of the Shares (as the same may be amended, revised or supplemented from time to
time, the “Memorandum”).

 

(b) The
Company will sell up to 450,000,000 Shares in the Offering at the per-share price, which may be subject to change, as more fully
described in the Memorandum.

 

(c) It
is understood that no sale of Shares will be effective unless and until accepted by the Company. The Company reserves the
right in its sole discretion to reject any prospective purchaser’s subscription in whole or in part for any reason or no
reason. The Shares will be offered continuously commencing on the Memorandum Date and continuing until the date upon which the
Company, in its sole discretion, terminates the Offering (the “Offering Termination Date”).

 

2. Placement
of Shares; Engagement of Dealer Manager.

 

(a) Subject
to the terms and conditions set forth herein, the Company hereby engages and appoints the Dealer Manager as its exclusive agent
and dealer manager in connection with the offer and sale of the Shares during the period commencing with the Memorandum Date and
ending on the Termination Date (as defined in Section 11). The Dealer Manager is authorized to enter into agreements materially
in the form as shall be pre-approved in writing by the Company (each, a “Participating Dealer Agreement”) with
other broker-dealers who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) in good
standing to solicit purchasers of the Shares in the Offering at the purchase price to be paid in accordance with, and otherwise
upon the other terms and conditions set forth in, the Memorandum (“Participating Dealers”). The Dealer Manager
may also enter into participating adviser agreements, materially in the form as shall be pre-approved in writing by the Company
(each, a “Participating Adviser Agreements”), with registered investment advisers registered with the Securities
and Exchange Commission (the “SEC”) (such investment advisers, “Participating Advisers”),
pursuant to which the Dealer Manager or its agent will agree to act as the broker-dealer of record for transactions executed by
the clients of such Participating Advisers. The Dealer Manager will provide the Company a copy of each executed Participating Dealer
Agreement and Participating Adviser Agreement promptly following execution thereof. The Dealer Manager shall obtain written consent
from the Company (which consent shall not be unreasonably withheld) prior to terminating or suspending any Participating Dealer
Agreement or Participating Adviser Agreement. The Dealer Manager shall keep the Company reasonably informed with respect to the
Dealer Manager’s negotiations with prospective Participating Dealers and Participating Advisers. In offering subscriptions
for Shares, the Dealer Manager and each Participating Dealer and Participating Adviser shall act solely as the Company’s
agent and not as a principal. The Dealer Manager has no commitment with regard to the sale of the Shares. The Dealer Manager may
not reject any subscription for Shares, in whole or in part, without the Company’s prior written consent (which consent shall
not be unreasonably withheld). The Dealer Manager hereby accepts such engagement and agrees to use its best efforts to offer and
sell the Shares in the Offering on the terms and conditions stated in the Memorandum and this Agreement.

 

    

     

    

 

(b) The
Company has prepared copies of the Offering Materials (as defined below) for delivery to prospective purchasers of Shares in accordance
with instructions provided by the Dealer Manager. The Dealer Manager shall only provide prospective purchasers of Shares with such
information concerning the Company and the Offering as may be contained in (i) the Memorandum, (ii) the Registration Statement
(as defined below), (iii) the subscription agreement for the Shares, in the form prepared by and approved by the Company (“Subscription
Agreement”) and (iv) such other information or materials concerning the Company and the Offering as may be approved
by the Company prior to such use (collectively with the Subscription Agreement and the Memorandum, the “Offering Materials”).

 

3. Representations
and Warranties of the Company and the Investment Adviser. The Company hereby represents and warrants to the Dealer Manager
that as of the date hereof and as of each date that Shares are sold hereunder; provided, that, to the extent such representations
and warranties are given only as of a specified date or dates, the Company only make such representations and warranties as of
such date or dates:

 

(a) The
Company has prepared and filed with the SEC a registration statement on Form 10 (SEC File No. 000-56189) (the “Registration
Statement”) with respect to the Shares in accordance in all material respects with applicable requirements of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), and the applicable rules and regulations of the
SEC promulgated thereunder. As of the date hereof, the SEC has not issued any stop order suspending the registration of the Shares
under the Exchange Act, and no notices have been received by the Company or the Investment Adviser to the effect that any proceeding
for that purpose has been instituted or is pending or threatened by the SEC under the Exchange Act.

 

(b) The
Company is duly organized, validly existing and in good standing under the laws of the State of Maryland. The Investment Adviser
is duly organized, validly existing, and in good standing under the laws of the State of Delaware. Each of the Company and the
Investment Adviser has qualified to do business and is in good standing in every jurisdiction in which the conduct of its business,
as described in the Registration Statement and the Memorandum, requires such qualification, except where the failure to do so would
not have a material adverse effect on the condition, financial or otherwise, results of operation, or cash flows of the Company
taken as a whole, or would materially and adversely affect the regulatory status of the Investment Adviser such that the Investment
Adviser would be prevented from carrying out its obligations under the Investment Advisory Agreement (as defined below).

 

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(c) The
issuance and sale of the Shares have been duly authorized by the Company and, when issued and duly delivered against prompt payment
therefor as contemplated by this Agreement, will be validly issued, fully paid, and non-assessable, free and clear of any pledge,
lien, encumbrance, security interest or other claim, and the issuance and sale of the Shares by the Company are not subject to
preemptive or other similar rights arising by operation of law, under the articles of incorporation or bylaws of the Company or
any other agreement to which the Company is a party or otherwise.

 

(d) The
Investment Adviser is registered as an investment adviser with the SEC under the Investment Advisers Act of 1940, as amended (the
“Advisers Act”), and the rules and regulations promulgated thereunder.

 

(e) Each
of the Company and the Investment Adviser has full power and authority to execute and deliver this Agreement and to perform each
of their obligations hereunder, and the execution, delivery and performance of this Agreement constitutes a valid and binding obligation
of each of the Company and the Investment Adviser, enforceable against each of them in accordance with its terms, except as the
same may be subject to the effects of (i) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar
laws now or hereafter in effect relating to or affecting creditors’ rights generally and (ii) general principles of equity
(regardless of whether considered in a proceeding at law or in equity).

 

(f) The
Company is a non-diversified, closed-end management investment company that has elected to be treated as a business development
company (“BDC”) under the under the Investment Company Act of 1940, as amended (the “Investment Company
Act”), and has not withdrawn such election, and the SEC has not ordered that such election be withdrawn nor to the Company’s
knowledge have proceedings to effectuate such withdrawal been initiated or threatened by the SEC.

 

(g) Each
of the Company and the Investment Adviser has obtained all necessary approvals, consents, licenses and registrations from any governmental
entity or any other person or entity necessary to perform its obligations hereunder and shall maintain all such approvals, consents
and registrations in full force and effect during the term of this Agreement.

 

(h) The
execution and delivery of this Agreement, the consummation of the transactions herein contemplated and the compliance with the
terms of this Agreement by each of the Company and the Investment Adviser will not conflict with or constitute a default or violation
under (i) each of the Company’s and the Investment Adviser’s certificate of formation, articles of incorporation or
other organizational document or (ii) any contract, indenture, mortgage, deed of trust, lease, rule, regulation, writ, injunction
or decree of any government, governmental instrumentality or court, domestic or foreign, having jurisdiction over either of the
Company or the Investment Adviser.

 

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(i) Each
of the Company’s and the Investment Adviser’s current business operations and investments and contemplated business
operations and investments are in compliance in all material respects with the provisions of the Investment Company Act, the Advisers
Act, and the rules and regulations of the SEC applicable thereunder to BDCs.

 

(j) None
of the Company, any of the Company’s predecessors, any director or executive officer of the Company or other officer of the
Company participating in the Offering, managing member of the Company or any beneficial owner of 20% or more of the Company’s
outstanding voting equity securities, calculated on the basis of voting power, nor any promoter (as that term is defined in Rule
405 under the Securities Act) connected with the Company in any capacity at the time of sale (each, an “Company Covered
Person” and, together, “Company Covered Persons”) is subject to any of the “Bad Actor”
disqualifications described in Rule 506(d)(1)(i) to 506(d)(1)(viii) under the Securities Act (a “Disqualifying Event”),
except for a Disqualifying Event covered by Rule 506(d)(2) or Rule 506(d)(3) under the Securities Act. The Company has exercised
reasonable care to determine: (i) the identity of each person that is a Company Covered Person and (ii) whether any Company Covered
Person is subject to a Disqualifying Event. The Company has complied, to the extent applicable, with its disclosure obligations
under Rule 506(e) under the Securities Act, and has furnished to the Dealer Manager a copy of any disclosures provided thereunder.

 

(k) With
respect to each Company Covered Person, the Company has established procedures reasonably designed to ensure that the Company receives
notice from each such Company Covered Person of: (i) any Disqualifying Event relating to that Company Covered Person and (ii) any
event that would, with the passage of time, become a Disqualifying Event relating to that Company Covered Person, in each case,
occurring up to and including, the last date on which Shares are offered in the Offering.

 

(l) Each
of the Registration Statement and the Memorandum will, during the term of this Agreement, comply in all material respects with
the Exchange Act and the Securities Act, respectively, and will not contain an untrue statement of material fact or omit to state
any material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances
under which they were made, not misleading; provided, however, that the Company makes no warranty or representation
with respect to any statement contained in the Memorandum made in reliance upon and in conformity with information furnished in
writing to the Company by the Dealer Manager or any Participating Dealer or Participating Adviser expressly for use in the Memorandum.

 

(m) The
financial statements of the Company included in the Registration Statement, together with the related notes, present fairly, in
all material respects, the financial position of the Company, as of the date specified, in conformity with generally accepted accounting
principles applied on a consistent basis, except as described in the notes thereto.

 

(n) The
investment advisory agreement by and between the Company and the Investment Adviser (the “Investment Advisory Agreement”)
has been duly authorized, executed, and delivered by the Company. The terms of the Investment Advisory Agreement, including compensation
terms, comply in all material respects with all applicable provisions of the Investment Company Act and the Advisers Act. The approval
of the Investment Advisory Agreement by each of the board of directors and the initial stockholders of the Company has been made
in accordance with the requirements of Section 15 of the Investment Company Act applicable to companies that have elected to be
treated as BDCs under the Investment Company Act.

 

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4. Covenants
of the Company and the Investment Adviser. Each of the Company and the Investment Adviser covenants and agrees for itself with
the Dealer Manager as follows:

 

(a) The
Company will, at no expense to the Dealer Manager, furnish the Dealer Manager and Participating Dealers and Participating Advisers
designated by the Dealer Manager with such number of printed copies of the Memorandum and the other Offering Materials as the Dealer
Manager may reasonably request, or reimburse the expense of printing such copies.

 

(b) The
Company and the Investment Adviser will, at the Dealer Manager’s request, furnish through the Dealer Manager, to any prospective
investor in Shares, copies of the Memorandum and such information as is reasonably requested and is reasonably available concerning
matters material to such prospective investor’s decision to purchase (or commit to purchase) Shares. The Company will apply
the proceeds from the sale of the Shares as stated in the Memorandum.

 

(c) The
Company will use its commercially reasonable efforts to maintain its status as a BDC under the Investment Company Act; provided,
however, the Company may cease to be, or withdraw its election as a BDC under the Investment Company Act, with the approval
of its board of directors and a vote of its stockholders as required by the Investment Company Act.

 

(d) The
Company will operate in a manner so as to enable the Company to qualify as a regulated investment company under the Internal Revenue
Code of 1986, as amended, for each taxable year during which it elects to be treated as a BDC under the Investment Company Act;
provided, however, that at the discretion of the Company’s board of directors, it may elect to not be so treated.

 

(e) If
any event relating to or affecting the Company or the Investment Adviser occurs, or the Company
receives notice from the Dealer Manager that it believes such an event has occurred,  as a result of which the Company
believes that it has become necessary to amend or supplement the Offering Materials so that they do not contain a misstatement
of a material fact, an untrue statement of a material fact, or an omission of a material fact necessary to be disclosed in order
to make the statements made therein, in the light of the circumstances under which they were made, not misleading, the Company
will so promptly inform the Dealer Manager and prepare and furnish to the Dealer Manager a reasonable number of copies of an amendment
or amendments of, or a supplement or supplements to, the Offering Materials that will amend or supplement the Offering Materials
so that, as so amended or supplemented, such Offering Materials do not contain any such misstatement, untrue statement, or omission.

 

(f) The
Company will: (i) furnish copies of any proposed amendment or supplement of the Memorandum to the Dealer Manager; (ii) make any
filings regarding the Offering that may be required by the SEC or any state securities administration; and (iii) if at any time
the SEC or any state securities administration shall issue any order or take other action to suspend or enjoin the sale of the
Shares, it will promptly notify the Dealer Manager upon becoming aware of such order or action and will use its commercially reasonable
efforts to obtain the lifting of such order or to prevent such other action at the earliest possible time.

 

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(g) The
Company will notify the Dealer Manager in writing, prior to any offering of Shares offered pursuant to the Offering, of: (i) any
Disqualifying Event relating to any Company Covered Person and (ii) any event that would, with the passage of time, become a Disqualifying
Event relating to any Company Covered Person.

 

(h) The
Company shall make itself reasonably available to meet with the Dealer Manager, its employees, and its agents and to provide them
with such information as they reasonably request regarding the Company and the Offering.

 

5. Representations
and Warranties of the Dealer Manager. The Dealer Manager hereby represents and warrants to the Company and the Investment Adviser
as of the date hereof and as of each date that Shares are sold hereunder; provided, that, to the extent such representations
and warranties are given only as of a specified date or dates, the Dealer Manager only make such representations and warranties
as of such date or dates:

 

(a) The
Dealer Manager is duly organized, validly existing and in good standing under the laws of its jurisdiction of formation.

 

(b) The
Dealer Manager has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder, and
the execution, delivery and performance of this Agreement constitutes a valid and binding obligation of the Dealer Manager, enforceable
against it in accordance with its terms, except as the same may be subject to the effects of (i) bankruptcy, insolvency, fraudulent
conveyance, reorganization, moratorium and other similar laws now or hereafter in effect relating to or affecting creditors’
rights generally and (ii) general principles of equity (regardless of whether considered in a proceeding at law or in equity).

 

(c) The
execution and delivery of this Agreement, the consummation of the transactions herein contemplated and the compliance with the
terms of this Agreement by the Dealer Manager will not conflict with or constitute a default or violation under (i) the Dealer
Manager’s certificate of formation, operating agreement or other organizational document or (ii) any contract, indenture,
mortgage, deed of trust, lease, rule, regulation, writ, injunction or decree of any government, governmental instrumentality or
court, domestic or foreign, having jurisdiction over the Dealer Manager.

 

(d) The
Dealer Manager (i) is duly registered as a broker-dealer under the Exchange Act, (ii) is a member of FINRA in good standing, and
(iii) is, or will be prior to the time of any offer or sale, a broker or dealer registered as such in those states and jurisdictions
where the Dealer Manager is required to be registered in order to provide the services contemplated by this Agreement.

 

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(e) The
Dealer Manager and its officers, directors, employees and agents maintain in full force and effect all requisite power and authority,
all necessary authorizations, approvals, orders, licenses, certificates and permits of and from all governmental regulatory officials
and bodies, and all necessary rights, licenses and permits from other parties, to engage in any activities permitted by this Agreement,
and will perform the placement and marketing activities in accordance with all applicable laws and regulations applicable to it,
including those in the jurisdiction of each of each purchaser of Shares.

 

(f) Neither
the Dealer Manager, nor any of its directors, executive officers, other officers participating in the offering of Shares, general
partners or managing members, or any of the directors, executive officers or other officers participating in the offering of Shares
of any such general partner or managing member (each, a “Dealer Manager Covered Person” and, collectively,
the “Dealer Manager Covered Persons”), is subject to any Disqualifying Event, except for a Disqualifying Event
(i) contemplated by Rule 506(d)(2) of the Securities Act and (ii) a description of which has been furnished in writing to the Company
prior to the date hereof or, in the case of a Disqualifying Event occurring after the date hereof, prior to the date of any further
offering of Shares.

 

(g) With
respect to each Dealer Manager Covered Person, the Dealer Manager has established procedures reasonably designed to ensure that
the Dealer Manager receives notice from each such Dealer Manager Covered Person of: (i) any Disqualifying Event relating to that
Dealer Manager Covered Person and (ii) any event that would, with the passage of time, become a Disqualifying Event relating to
that Dealer Manager Covered Person, in each case, occurring up to and including, the last date on which Shares are offered in the
Offering.

 

(h) With
respect to anti-money laundering and anti-terrorist regulations, the Dealer Manager has taken all reasonable steps to ensure that
the funds received from purchasers of Shares and invested in the Company do not constitute proceeds from activities that would
be subject to anti-money laundering or similar or comparable acts or regulations under U.S. laws or other laws or regulations applicable
to it; provided, that, with respect to U.S. laws or other laws or regulations applicable to it as well as internal policies
and regulations that relate to “knowing your client” or money laundering, the Dealer Manager (i) has in place
client verification procedures for the purpose of establishing the identity and source of funds of each purchaser of Shares, and
(ii) has recorded evidence (the “Documentary Evidence”) establishing the identity and source of funds of
each such purchaser and, if requested, will deliver such Documentary Evidence to the Company with the subscription documents or
at any time during which the Shares are issued and outstanding and retain or procure the retention of such evidence for so long
as is required by applicable law or regulation and internal policies.

 

(i) The
Dealer Manager shall abide by and comply with (i) the privacy standards and requirements of the Gramm-Leach-Bliley Act of
1999; (ii) the privacy standards and requirements of any other applicable federal or state law; and (iii) its own internal
privacy policies and procedures, each as may be amended from time to time.

 

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6. Covenants
of the Dealer Manager. The Dealer Manager covenants and agrees with each of the Company and the Investment Adviser as follows,
as of the date hereof and as of each date that Shares are sold hereunder:

 

(a) With
respect to its participation and the participation by each Participating Dealer and Participating Adviser in the offer and sale
of the Shares (including, without limitation any resales and transfers of Shares), the Dealer Manager will comply, and in its agreements
with Participating Dealers and Participating Advisers will require each Participating Dealer and Participating Adviser to comply,
in all material respects with all applicable requirements of (i) the Securities Act, the Exchange Act, the rules and regulations
of the SEC promulgated under the Securities Act and the Exchange Act (including, without limitation, Regulation D) and all other
federal rules and regulations applicable to the Offering and the sale of the Shares, (ii) applicable state securities or “blue
sky” laws, (iii) the rules set forth in the FINRA rulebook applicable to the Offering, and (iv) the Participating Dealer
Agreement or Participating Adviser Agreement, as applicable, and the Memorandum.

 

(b) 
The Dealer Manager will, and in its agreements with Participating Dealers will require that each Participating Dealer (i) conduct
all offering and solicitation efforts in a transaction or series of transactions intended to be exempt from the registration requirements
under the Securities Act pursuant to Rule 506(b) of Regulation D and applicable state securities laws and regulations, (ii) not
offer or sell Shares by any means otherwise inconsistent with this Agreement or the Memorandum, and (iii) not engage in any general
advertising or general solicitation activities in any jurisdiction or in any manner in which it is unlawful for it to do so.

 

(c) The
Dealer Manager shall obtain written consent from the Company (which consent shall not be unreasonably withheld) prior to (i) executing
a Participating Dealer Agreement with a Participating Dealer that deviates in any material respect from the form of Participating
Dealer Agreement approved by the Company provided to such Participating Dealer, or (ii) executing a Participating Adviser Agreement
that deviates in any material respect from the form of Participating Adviser Agreement approved by the Company provided to such
Participating Adviser.

 

(d) In
connection with its activities hereunder, the Dealer Manager shall (i) exclusively use the Offering Materials and shall not include
or make use of any other document or material, or furnish to any potential investor any other information, written or oral, respecting
the Company or the offering of Shares, without the prior written consent of the Company, and (ii) deliver or cause to be delivered
to each purchaser of Shares, at or prior to the time of any purchase of, or commitment to purchase, the Shares, copies of the most
recent versions of the Offering Documents as supplied to it by the Investment Adviser or the Company.

 

(e) Without
the prior written consent of the Company, the Dealer Manager will not solicit any offer to buy or offer to sell Shares to an investor
that is a U.S. or non-U.S. state, locality or other governmental plan or political entity, agency, instrumentality (including any
state-owned or controlled entity) or subdivision thereof (including a public pension plan).

 

(f) The
Dealer Manager will, and will require that each of the Participating Dealers and Participating Advisers, suspend or terminate the
offer and sale of Shares in the Offering upon request of the Company at any time and to resume offering and sale of the Shares
in the Offering upon subsequent request of the Company in its sole discretion.

 

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(g) The
Dealer Manager will, and in its agreements with Participating Dealers will require each Participating Dealer to, maintain records
related to each purchaser of Shares for so long as is required by applicable law or regulations and the Dealer Manager’s
or such Participating Dealer’s internal policies and will maintain for a period of at least six years following the Offering
Termination Date, information and documents disclosing the basis upon which the determination of suitability was reached as to
each such investor.

 

(h) The
Dealer Manager will notify the Company in writing, prior to any offering of Shares of: (i) any Disqualifying Event relating to
any Dealer Manager Covered Person not previously disclosed to the Company in accordance with Section 5(f) above and (ii)
any event that would, with the passage of time, become a Disqualifying Event relating to any Dealer Manager Covered Person.

 

(i) The
Dealer Manager will, and will require each Participating Dealer and Participating Adviser to, only offer Shares to persons it reasonably
believes, on the basis of information obtained from the potential investor concerning the investor’s investment objectives,
other investments, financial situation and needs, and any other information known by the Dealer Manager or an associated person:
(i) is an “accredited investor” as that term is defined in Rule 501(a) under the Securities Act and meets the other
investor suitability requirements as may be established by the Company and set forth in the Memorandum; (ii) has such knowledge
and experience in financial and business matters that the offeree is capable of evaluating the merits and risks of an investment
in the Shares and (iii) is a person for which an investment in the Shares is otherwise suitable. The Dealer Manager will require
at the time of any sale of Shares that the investor certify the basis underlying the foregoing qualifications.

 

(j) The
Dealer Manager will furnish or cause to be furnished to the Company upon request a complete list of all persons who have been offered
or purchased Shares and such other information regarding the offer and sale of Shares in the Offering as the Company may reasonably
request.

 

(k) The
Dealer Manager will not reallow or share any of the commissions that it receives pursuant to this Agreement with any person unless
such person (i) is properly registered as a broker-dealer with the SEC and all applicable states and possesses all other licenses,
registrations and approvals required to receive such commissions, and (ii) is a member of FINRA in good standing.

 

(l) The
Dealer Manager has submitted (or will submit within 15 days of the first sale in the Offering) to FINRA a copy of the Memorandum
and any other related offering documents, including any materially amended versions thereof (the “FINRA Filing”).
The Dealer Manager will update the FINRA Filing from time to time as necessary to comply with the terms of FINRA Rule 5123.

 

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7. Fees
and Expenses.

 

(a) Selling
Commissions. Subject to any discounts and other special circumstances described in or otherwise disclosed in the Memorandum,
the Company will pay the Dealer Manager up-front selling commissions in the amount of up to three percent (3.0%) of the Company’s
net asset value per Share (“Selling Commissions”); provided, however, that no such Selling Commissions
will be paid with respect to any Shares sold to the Investment Adviser, the Dealer Manager, their respective affiliates, or such
other investors designated by the Dealer Manager. The Dealer Manager will reallow all Selling Commissions to Participating Dealers
pursuant to the terms of the Participating Dealer Agreements.

 

(b) Dealer
Manager Fee. Subject to any discounts and other special circumstances described in or otherwise disclosed in the Memorandum,
the Company will pay the Dealer Manager an up-front dealer manager fee in the amount of up to two and half percent (2.5%) of the
Company’s net asset value per Share (“Dealer Manager Fee”); provided, however, that no such Dealer
Manager Fee will be paid with respect to any Shares sold to the Investment Adviser, the Dealer Manager, their respective affiliates,
or such other investors designated by the Dealer Manager. The Dealer Manager may reallow a portion of the Dealer Manager Fees to
Participating Dealers pursuant to the terms of the Participating Dealer Agreements. The Dealer Manager’s reallowance of Dealer
Manager Fees to a particular Participating Dealer shall be as set forth in Schedule 1 to the Participating Dealer Agreement
with such Participating Dealer.

 

(c) Shareholder
Servicing Fee. The Company will pay to the Dealer Manager a shareholder servicing fee (“Shareholder Servicing Fee”),
which will accrue at an annual rate equal to 0.0% with respect to the proportion of the Company’s net assets up to $28.2
million and 1.0% of the Company’s net assets over $28.2 million. The Shareholder Servicing Fee will be payable on a monthly
basis pursuant to the Shareholder Services Plan. With respect to each share sold, the Shareholder Servicing Fee will be paid until
the third anniversary of the applicable month of purchase. The Dealer Manager may reallow a portion of the Shareholder Servicing
Fee to Participating Dealers pursuant to the terms of the Participating Dealer Agreements.

 

(d) Obligations
to Participating Dealers. Selling Commissions and Dealer Manager Fees payable pursuant this Section 7 and received by
the Dealer Manager may be reallowed to the Participating Dealer who sold the Shares giving rise to such Selling Commissions and
Dealer Manager Fees as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer.
Neither the Company nor the Investment Adviser will be liable or responsible to any Participating Dealer for direct payment or
reallowance of any such Selling Commissions or Dealer Manager Fees to such Participating Dealer, it being the sole and exclusive
responsibility of the Dealer Manager for payment or reallowance of any such Selling Commissions or Dealer Manager Fees to Participating
Dealers.

 

(e) Company
Expenses. Subject to the limitations set forth in the Memorandum and below, the Company agrees to pay all costs and expenses
incident to the Offering that the Company has previously approved in writing, whether or not the transactions contemplated hereunder
are consummated or this Agreement is terminated, including expenses, fees and taxes in connection with: (i) the preparation of
the Memorandum and any amendments or supplements thereto, and the printing and furnishing of copies thereof to the Dealer Manager
and to Participating Dealers (including costs of mailing and shipment); (ii) the preparation, issuance and delivery of certificates,
if any, for the Shares, including any stock or other transfer taxes or duties payable upon the sale of the Shares; (iii) all fees
and expenses of the Company’s legal counsel, independent public or certified public accountants and other advisors; (iv)
the fees and expenses of any transfer agent or registrar for the Shares and any miscellaneous expenses referred to in the Memorandum;
(v) all costs and expenses incident to the travel and accommodation of the Investment Adviser’s personnel, in making presentations
to Participating Dealers and other broker-dealers and financial advisors with respect to the Offering; and (vi) the performance
of the Company’s other obligations hereunder.

 

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(f) Dealer
Manager Expenses. The Company shall reimburse the Dealer Manager for all costs and expenses reimbursable to the Dealer Manager
incurred prior to the date hereof. During the term hereof, the Company shall reimburse the Dealer Manager for all actual, out-of-pocket
expenses incurred by the Dealer Manager in connection with the following: (i) costs and expenses of conducting educational conferences
and seminars, attending and/or sponsoring broker-dealer sponsored conferences, industry sponsored conferences, informational seminars
and educational conferences sponsored by the Company, (ii) reasonable non-accountable diligence expenses and reasonable bona
fide due diligence expenses, including expenses associated with third-party due diligence reports and expenses related to the
due diligence and third party training and training-related materials, education forums, and Participating Dealer or Participating
Adviser conference fees, set forth in an itemized and detailed invoice provided to the Company (including reasonable travel, lodging
and meal expenses and other reasonable out-of-pocket expenses incurred by the Dealer Manager or any Participating Dealer, registered
investment adviser or other financial institution or intermediary and their personnel), (iii) customary promotional items, (iv)
fees and expenses of legal counsel to the Dealer Manager, and (v) technology-related costs and expenses associated with the initial
integration of the Offering, and costs and expenses associated with providing information regarding the Shares. (collectively,
“Reimbursable Expenses”). Any Reimbursable Expenses reimbursed pursuant to this Section 7(f) will
be reimbursed to the Dealer Manager within thirty (30) days of the Dealer Manager’s presentation to the Company of an
itemized invoice or receipt or such other documentation as the Company may deem reasonably acceptable for such Reimbursable Expenses.

 

8. Liability;
Indemnification.

 

(a) To
the maximum extent permitted by applicable law, the Company shall indemnify, defend and hold harmless the Dealer Manager, each
Participating Dealer, each Participating Adviser and each of their respective officers, directors, employees, members, partners,
affiliates, agents and representatives, and each person, if any, who controls the Dealer Manager within the meaning of Section 15
of the Securities Act or Section 20 of the Exchange Act (collectively, the “Dealer Manager Indemnified Persons”)
from and against any losses, claims (including reasonable attorneys’ fees and the reasonable cost of investigation), damages
or liabilities, joint or several (“Losses”), to which any Dealer Manager Indemnified Person may become subject
insofar as such Losses arise out of or are based upon: (i) any (1) untrue statement or alleged untrue statement of a material
fact contained in any Offering Materials or (2) omission or alleged omission of a material fact required to be stated in any Offering
Materials or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading;
provided, however, that such indemnity shall not apply to any such Losses arising out of or based upon an untrue statement
or alleged untrue statement of material fact or an omission or alleged omission of material fact in any information furnished by
or on behalf of the Dealer Manager or by or on behalf of any Dealer Manager Indemnified Persons specifically for inclusion in the
Offering Materials; (ii) any material breach by the Company of a representation, warranty or covenant made by the Company
in this Agreement; or (iii) any material failure by the Company to comply with state or federal securities laws applicable
to the Offering; provided, however, that the Company shall not provide any such indemnification to the extent it
has been determined by a court of competent jurisdiction that such Losses resulted from a Dealer Manager Indemnified Person’s
fraud, willful misconduct, gross negligence, or a material breach of a representation, warranty or covenant herein.

 

    11

     

    

 

(b) To
the maximum extent permitted by applicable law, the Dealer Manager will indemnify, defend and hold harmless the Company, each of
the Company’s officers, employees, members, managers, partners, affiliates, agents and representatives, and each person,
if any, who controls the Company within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange
Act (collectively, the “Company Indemnified Persons”) against all Losses to which any Company Indemnified Person
may become subject insofar as such Losses arise out of or are based upon: (i) any action or omission by the Dealer Manager
in connection with the performance of its duties under this Agreement that is determined by a court of competent jurisdiction to
have constituted fraud, willful misconduct or gross negligence, (ii) a material breach by the Dealer Manager of any representation,
warranty or covenant made by it pursuant to this Agreement, (iii) any material breach by the Dealer Manager of applicable
securities laws or regulations in connection with its performance of its obligations under this Agreement, or (iv) any (1)
untrue statement or alleged untrue statement of material fact contained in any Offering Materials or (2) omission or alleged omission
of a material fact required to be stated in any Offering Materials or necessary in order to make the statements therein, in light
of the circumstances under which they were made, not misleading; provided, that, in each case described in this clause (iv) to
the extent, but only to the extent, that such untrue statement or alleged untrue statement of material fact or omission or alleged
omission of a material fact was made in reliance upon and in conformity with written information that was furnished to the Company
by the Dealer Manager specifically for use with reference to the Dealer Manager in the preparation of and inclusion in the Offering
Materials.

 

(c) By
virtue of entering into a Participating Dealer Agreement or a Participating Adviser Agreement, as applicable, each Participating
Dealer and Participating Adviser will severally agree to indemnify, defend and hold harmless the Company, the Dealer Manager and
each of their respective officers, directors, employees, members, partners, affiliates, agents and representatives, and each person,
if any, who controls the Company or the Dealer Manager within the meaning of Section 15 of the Securities Act or Section 20
of the Exchange Act, from and against any Losses to which any such person may become subject, as more fully described in each Participating
Dealer Agreement and Participating Adviser Agreement.

 

    12

     

    

 

(d) Promptly
after receipt by a Dealer Manager Indemnified Person or an Company Indemnified Person (collectively, “Indemnified Persons”)
under this Section 8 of notice of any claim or the commencement of any action, such Indemnified Person shall, if a claim
for indemnification in respect thereof is to be made against any indemnifying party under this Section 8 (each an “Indemnifying
Party”), notify such Indemnifying Party in writing of the claim or the commencement of that action; provided, however,
that the failure to notify the Indemnifying Party will not relieve such Indemnifying Party from any liability which it may have
to an Indemnified Person unless such failure materially affects or prejudices such Indemnifying Party. If any such claim or action
is brought against any Indemnified Person, and an Indemnifying Party is notified thereof, the Indemnifying Party shall be entitled
to participate therein, and, to the extent that it wishes, jointly with any other similarly notified party, to assume the defense
thereof, with counsel reasonably satisfactory to the Indemnified Person (which consent may not be unreasonably withheld or delayed).
After notice from the Indemnifying Party to the Indemnified Person of its election to assume the defense of such claim or action,
the Indemnifying Party shall not be liable to the Indemnified Person under this Section 8 for any legal or other expenses
subsequently incurred by the Indemnified Person in connection with the defense thereof other than reasonable costs of investigation
in connection with the defense. The Indemnified Person will have the right to employ its own counsel in any such action, provided
that the fees, expenses and other charges of such counsel will be at the expense of such Indemnified Person unless (i) the
employment of counsel by the Indemnified Person has been authorized in writing by the Indemnifying Party, (ii) a conflict
or potential conflict exists (based on advice of counsel to the Indemnified Person) between the Indemnified Person and the Indemnifying
Party (in which case the Indemnifying Party will not have the right to assume the defense of such action on behalf of the Indemnified
Person) or (iii) the Indemnifying Party has not in fact employed counsel to assume the defense of such action within a reasonable
time after receiving notice of the commencement of the action, in each of which cases the reasonable fees, disbursements and other
charges of counsel will be at the expense of the Indemnifying Party or Parties. No compromise or settlement of any claim may be
effected by an Indemnifying Party without the Indemnified Person’s prior consent, unless (i) such compromise or settlement
does not include a finding or admission by the Indemnified Person of any violation of any law, rule or regulation or any violation
of the rights of any person, (ii) each Indemnified Person is unconditionally released from all liability arising therefrom, and
(iii) the sole relief provided is monetary damages that are paid in full by the Indemnifying Party.

 

9. Contribution.

 

(a) If
the indemnification provided for in Section 8 is for any reason unavailable to or insufficient to hold harmless an Indemnified
Person in respect of any losses, liabilities, claims, damages or expenses referred to therein, then each Indemnifying Party shall
contribute to the aggregate amount of such losses, liabilities, claims, damages and expenses incurred by such Indemnified Person,
as incurred, (i) in such proportion as is appropriate to reflect the relative benefits received by the Company, the Dealer
Manager and Participating Dealer, respectively, from the offer and sale of the Shares pursuant to this Agreement and any Participating
Dealer Agreement or (ii) if the allocation provided by clause (i) is not permitted by applicable law, in such proportion
as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of
the Company, the Dealer Manager and Participating Dealer, respectively, in connection with the statements or omissions which resulted
in such losses, liabilities, claims, damages or expenses, as well as any other relevant equitable considerations. The relative
benefits received by the Company, the Dealer Manager and Participating Dealer, respectively, in connection with the offer and sale
of the Shares pursuant to this Agreement and any Participating Dealer Agreement shall be deemed to be in the same respective proportion
as the total net proceeds from the Offering (before deducting expenses) received by the Company, and the total Selling Commissions
and Dealer Manager Fees received by the Dealer Manager and Participating Dealer, respectively, bear to the aggregate initial price
of the Shares as set forth in the Memorandum.

 

    13

     

    

 

(b) The
relative fault of the Company, the Dealer Manager and Participating Dealer, respectively, shall be determined by reference to,
among other things, whether any such untrue or alleged untrue statement of a material fact or omission or alleged omission to state
a material fact related to information supplied by the Company, the Dealer Manager or Participating Dealer, respectively, and the
parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission.

 

(c) The
Company, the Dealer Manager and Participating Dealer (by virtue of entering into the Participating Dealer Agreement) agree that
it would not be just and equitable if contribution pursuant to this Section 9 were determined by pro rata allocation
or by any other method of allocation which does not take account of the equitable contributions referred to above in this Section 9.
The aggregate amount of losses, liabilities, claims, damages and expenses incurred by an Indemnified Person and referred to above
in this Section 9 shall be deemed to include any legal or other expenses reasonably incurred by such Indemnified Person
in investigating, preparing or defending against any litigation, or any investigation or proceeding by any governmental agency
or body, commenced or threatened or any claim whatsoever based upon any such untrue statement or omission or alleged omission.

 

(d) For
the purposes of this Section 9, the Dealer Manager’s Indemnified Persons shall have the same rights to contribution
of the Dealer Manager, and the Company’s Indemnified Persons shall have the same rights to contribution of the Company.

 

(e) Notwithstanding
the provisions of this Section 9, no Participating Dealer shall be required to contribute any amount by which the total
price at which the Shares sold to the public by such Participating Dealer exceeds the amount of any damages which such Participating
Dealer would have otherwise been required to pay by reason of any untrue or alleged untrue statement or omission or alleged omission.

 

10. Survival
of Provisions. The respective agreements, representations and warranties of the Parties set forth in this Agreement shall remain
operative and in full force and effect until the Termination Date. Following the termination of this Agreement, this Agreement
will become void and there will be no liability of any party to any other party hereto, except for obligations under Sections 7,
8, 9, 10, 11 and 13 (including the sections referenced therein for purposes of such surviving section), all of which will, subject
to their respective terms, survive the termination of this Agreement.

 

11. Term
and Termination.

 

(a) Term;
Automatic Termination. This Agreement shall commence as of the Memorandum Date and will automatically terminate, without the
requirement for further action by any Party, upon the Offering Termination Date; provided, however, that this Agreement
may be terminated at an earlier date by the Dealer Manager or by the Company pursuant to this Section 11 (the date
upon which this Agreement automatically terminates or is earlier terminated by a Party hereto is referred to herein as the “Termination
Date”).

 

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(b) Termination
by the Dealer Manager. The Dealer Manager may terminate this Agreement immediately and without penalty, subject to any applicable
cure period described below, upon delivery of written notice of termination by the Dealer Manager to the Company and the Investment
Adviser, if any of the following events occur (each a “Dealer Manager Cause Event”):

 

(i) a
court of competent jurisdiction (1) enters a decree or order for relief in respect of the Company or the Investment Adviser
in any involuntary case under the applicable bankruptcy, insolvency or other similar law now or hereafter in effect, (2) appoints
a receiver, liquidator, assignee, custodian or trustee (or similar official) of the Company or the Investment Adviser or for any
substantial part of their property or (3) orders the winding up or liquidation of the Company’s or the Investment Adviser’s
affairs;

 

(ii) the
Company or the Investment Adviser (1) commences a voluntary case under any applicable bankruptcy, insolvency or other similar
law now or hereafter in effect, (2) consents to the entry of an order for relief in an involuntary case under any such law,
(3) consents to the appointment of or taking possession by a receiver, liquidator, assignee, custodian or trustee (or similar
official) of it or for any substantial part of its property, or (4) makes any general assignment for the benefit of creditors
or fails generally to pay its debts as they become due;

 

(iii) the
Company materially amends, alters or changes the Company’s investment strategy from the investment strategy described in
the Memorandum without the consent of the Dealer Manager (which consent shall not be unreasonably withheld);

 

(iv) fraud,
willful misconduct or gross negligence by the Company or the Investment Adviser in connection with (1) the performance of the Company
or the Investment Adviser of their obligations under this Agreement or (2) the performance of the Investment Adviser’s obligations
under the Investment Advisory Agreement;

 

(v) a
material breach of any representation, warranty, covenant or other term of this Agreement by the Company or the Investment Adviser
that, if capable of being cured where such cure would not otherwise be futile, remains uncured thirty (30) days after the
Company and the Investment Adviser receive written notice of such material breach from the Dealer Manager.

 

The Company agrees
that if any of the Dealer Manager Cause Events specified in subsections (i), (ii), or (iii) above occur, the Company will give
prompt written notice thereof to the Dealer Manager, and in no event later than seven (7) days after the date the Company becomes
aware of the occurrence of such Dealer Manager Cause Event.

 

    15

     

    

 

(c) Termination
by the Company. The Company may terminate this Agreement without penalty, subject to any applicable cure period described below,
upon 30 days written notice of termination by the Company to the Dealer Manager or immediately if any of the following events occur
(each a “Company Cause Event”):

 

(i) a
court of competent jurisdiction (1) enters a decree or order for relief in respect of the Dealer Manager in any involuntary
case under the applicable bankruptcy, insolvency or other similar law now or hereafter in effect, (2) appoints a receiver,
liquidator, assignee, custodian or trustee (or similar official) of the Dealer Manager or for any substantial part of its property
or (3) orders the winding up or liquidation of the Dealer Manager’s affairs;

 

(ii) the
Dealer Manager (1) commences a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter
in effect, (2) consents to the entry of an order for relief in an involuntary case under any such law, (3) consents to
the appointment of or taking possession by a receiver, liquidator, assignee, custodian or trustee (or similar official) of it or
for any substantial part of its property, or (4) makes any general assignment for the benefit of creditors or fails generally
to pay its debts as they become due;

 

(iii) fraud,
willful misconduct or gross negligence by the Dealer Manager in connection with the performance of its obligations under this Agreement;

 

(iv) a
material breach of any representation, warranty, covenant or other term of this Agreement by the Dealer Manager that, if capable
of being cured where such cure would not otherwise be futile, remains uncured thirty (30) days after the Dealer Manager receive
written notice of such material breach from the Company or the Adviser; or

 

(v) the
termination of the Services Agreement, dated [●], 2020, by and among S2K Servicing LLC
(the “Service Provider”), the Company and the Investment Adviser (the “Services Agreement”).

 

(d) 
The Dealer Manager agrees that if any of the events specified in subsections (i), (ii) or (iii) above occur, the Dealer Manager
will give prompt written notice thereof to the Company and the Investment Adviser and in no event later than seven (7) days after
the occurrence of such event.

 

(d) Company
Obligations Upon Termination. The Company, upon termination of this Agreement, shall pay to the Dealer Manager all earned but
unpaid fees and compensation, including Selling Commissions, Dealer Manager Fees, Shareholder Servicing Fees, and all incurred
expense reimbursements to which the Dealer Manager is entitled pursuant to Section 7 of this Agreement up to and as
of the Termination Date.

 

(e) Dealer
Manger Obligations Upon Termination. The Dealer Manager, upon termination of this Agreement, shall promptly deliver to the
Company all records and documents in its possession which relate to the Offering, and shall notify the Participating Dealers of
such termination. Upon termination of this Agreement, the Dealer Manager shall use its reasonable efforts to cooperate with the
Company, the Investment Adviser and any other party that may be reasonably necessary to accomplish an orderly transfer to any successor
entity of the operation and management of the services the Dealer Manager provided pursuant to this Agreement.

 

    16

     

    

 

12. Notices.
Any notice, approval, request, authorization, direction or other communication required or permitted under this Agreement shall
be in writing and shall be deemed given (a) when delivered personally or via commercial messenger, or (b) on the first business
day after deposit with a nationally recognized overnight delivery service, provided such deposit occurs prior to the deadline imposed
by such service for overnight delivery; provided, that any such notice shall be followed by a copy sent via e-mail or facsimile
(which copy sent via e-mail or facsimile shall not, on its own, constitute the delivery of notice for purposes of this Agreement),
in each case provided such communication is addressed to the intended recipient thereof as set forth below:

 

If to the Dealer Manager:

 

S2K FINANCIAL LLC

201 N New York Ave Suite 200

Winter Park, FL 32789

Attention: Neil Cohen

E-mail: ncohen@s2kco.com

With a copy to:

 

Alston & Bird LLP

1201 West Peachtree Street

Atlanta, Georgia 30309

Attention: Rosemarie A. Thurston

Email: rosemarie.thurston@alston.com

 

If to the Company:

 

STEELE CREEK
CAPITAL CORPORATION

112 W. 34th Street

New York, NY 10001

Attention: Marie Bober

Email: marie.bober@moelisam.com

 

With a copy to:

 

Dechert LLP

100 K Street NW

Washington, D.C. 20006

Attention: Harry S. Pangas

Email: harry.pangas@dechert.com

 

If to the Investment
Adviser:

 

STEELE CREEK INVESTMENT MANAGEMENT
LLC

112 W. 34th Street

New York, NY 10001

Attention: Marie Bober

Email: marie.bober@moelisam.com

 

    17

     

    

 

With a copy to:

 

Dechert LLP

100 K Street NW

Washington, D.C. 20006

Attention: Harry S. Pangas

Email: harry.pangas@dechert.com

 

Any Party may change
its address specified above by giving the other Parties notice of such change in accordance with this Section 12.

 

13. Exclusivity.

 

(a) The
Investment Adviser hereby agrees as follows (collectively, the “Adviser Exclusivity”):

 

(i) the
Investment Adviser will work exclusively with the Dealer Manager to distribute and sell (A) the Shares in the Offering (subject
to the rights of the Company to terminate this Agreement pursuant to Section 11 hereof), and (B) any securities of the Company
(or any other entity formed by the Investment Adviser, Moelis Asset Management LP, a Delaware limited partnership (the “Sponsor”),
or their respective affiliates as a replacement or successor to the Company) sold pursuant to any private offering or public offering;
and

 

(ii) the
Investment Adviser will not sponsor or advise another BDC, corporation, limited liability company, limited partnership or other
investment entity or vehicle (each, an “Investment Vehicle”), the securities of which are to be distributed
in the U.S. retail investor market through independent financial advisors, broker-dealers or wirehouses during the period of time
commencing upon the Memorandum Date and terminating on the date that is twelve months after the later of (A) the Termination Date
and (B) last day upon which the Dealer Manager is distributing the securities of the Company (or any other entity formed or sponsored
by the Investment Adviser, the Sponsor or any of their respective affiliates as a replacement or successor to the Company) in a
private offering or in any public offering.

 

(iii) Notwithstanding
the foregoing, the Investment Adviser may terminate the Adviser Exclusivity immediately upon delivery of written notice of such
termination to the Dealer Manager in the event that:

 

(1) the
Dealer Manager’s license or registration to act as a broker-dealer is revoked or suspended by FINRA, the SEC or any other
regulatory agency or the Dealer Manager is otherwise prohibited from selling the securities of Company in any U.S. state or territory
for regulatory or other reasons, and such revocation, suspension or prohibition is not cured within sixty (60) days of the date
of such occurrence;

 

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(2) the
Dealer Manager is (A) charged with a felony or reasonably alleged to have violated any material rule or regulation of the SEC,
FINRA or any other regulatory body or (B) formally charged with or becomes subject to a formal investigation related to a felony
or any violation of any material law, rule or regulation of the SEC, FINRA or any other regulatory body;

 

(3) the
Dealer Manager or any of its affiliates commits fraud, willful misconduct, gross negligence or otherwise commits a breach of any
material term of this Agreement (subject to any applicable cure periods with respect to an such breach set forth in this Agreement);

 

(4) this
Agreement is terminated by the Company for an Issuer Cause Event; and

 

(5) the
Services Agreement dated of even date herewith among the Company, the Investment Adviser, and S2K Servicing, LLC is terminated
by the Investment Adviser pursuant to Section 12(a) thereof.

 

(iv) Notwithstanding
anything to the contrary, the Adviser Exclusivity shall automatically terminate in the event that the Dealer Manager declines to
accept engagement on reasonable and customary terms as the exclusive dealer manager or placement agent with respect to an offering
of securities by an Investment Vehicle that is reasonably determined by the Investment Adviser or its Affiliates to be a viable
investment program.

 

14. Miscellaneous.

 

(a) Governing
Law. This Agreement and any matters arising out of or relating in any way whatsoever to this Agreement (whether in contract,
tort or otherwise) shall be governed by, and construed in accordance with, the laws of the State of Delaware.

 

(b) Execution
in Counterparts. This Agreement may be executed in two or more counterparts, including by facsimile or PDF, each of which when
so executed and delivered shall constitute one and the same instrument.

 

(c) Binding
Agreement: Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the Parties and their respective
successors and assigns, and no other person shall have any right or obligation hereunder.

 

(d) Assignment.
Neither this Agreement, or any Party’s rights or obligations hereunder, may be assigned by any Party without the prior written
consent of the other Parties.

 

(e) Amendments.
Neither this Agreement nor any term hereof may be amended, waived, discharged or terminated except by an instrument in writing
signed by all Parties.

 

    19

     

    

 

(f) Severability.
In the event that any provision of this Agreement is held to be invalid or unenforceable in any jurisdiction, such provision shall
be deemed modified to the minimum extent necessary so that such provision, as so modified, shall no longer be held to be invalid
or unenforceable. Any such modification, invalidity or unenforceability shall be strictly limited both to such provision and to
such jurisdiction, and in each case to no other. Furthermore, in the event of any such modification, invalidity or unenforceability,
this Agreement shall be interpreted so as to achieve the intent expressed herein to the greatest extent possible in the jurisdiction
in question and otherwise as set forth herein.

 

(g) Waiver
of Jury Trial; Consent to Jurisdiction. EACH OF THE PARTIES HERETO WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, PROCEEDING
OR COUNTERCLAIM (WHETHER BASED UPON CONTRACT, TORT OR OTHERWISE) RELATED TO OR ARISING OUT OF THIS AGREEMENT. The Parties agree
that any action or proceeding arising directly, indirectly, or otherwise in connection with, out of, related to, or from this Agreement,
any breach hereof, or any transaction covered hereby, shall be resolved within the Borough of Manhattan, City of New York, and
State of New York. Accordingly, the Parties consent and submit to the jurisdiction of the federal and state courts and any applicable
arbitral body located within the Borough of Manhattan, City of New York, and State of New York. The Parties further agree that
any such action or proceeding brought by either Party to enforce any right, assert any claim, or obtain any relief whatsoever in
connection with this Agreement shall be brought by such Party exclusively in the federal or state courts, or appropriate arbitral
body, located within the Borough of Manhattan, City of New York, and State of New York.

 

(h) Status
of Parties. The Dealer Manager, on the one hand, and the Company and the Investment Adviser, on the other hand, shall be deemed
to be an independent contractor with respect to the other and, none of the Dealer Manager on the one hand, and the Company and
the Investment Adviser, on the other hand, shall have authority to act for or represent the other. Nothing contained herein shall
create a partnership, joint venture, association, syndicate, unincorporated business, or other separate entity, nor shall this
Agreement be deemed to confer on any Party any express, implied, or apparent authority to incur any obligation or liability on
behalf of any other Party.

 

(i) Entire
Agreement. This Agreement shall constitute the entire agreement and understanding among the Parties with respect to the subject
matter hereof and shall supersede any prior understanding or agreement, oral or written with respect thereto.

 

(j) Third
Party Beneficiaries. Except for the persons and entities not a party to this Agreement referred to in Section 8, there
shall be no third party beneficiaries of this Agreement, and no provision of this Agreement is intended to be for the benefit of
any person or entity not a party to this Agreement, and no third party shall be deemed to be a beneficiary of any provision of
this Agreement. Except for the persons and entities not a party to this Agreement referred to in Section 8, no third party
shall by virtue of any provision of this Agreement have a right of action or an enforceable remedy against any Party to this Agreement.
For the avoidance of doubt, each Participating Dealer is a third-party beneficiary with respect
to this Agreement and may enforce its rights, to the extent set forth herein, against any Party to this Agreement.

 

[Signature page follows]

 

    20

     

    

 

IN WITNESS WHEREOF,
the Parties to this Agreement have caused it to be duly executed and delivered as of the date first above written.

 

	 	STEELE CREEK CAPITAL CORPORATION

 

	 	By:	Steele Creek Investment Management LLC

 

	 	By:	 
	 	Name:	 
	 	Title:	 

 

	 	STEELE CREEK INVESTMENT MANAGEMENT LLC

 

	 	By:	 
	 	Name:	 
	 	Title:	 

 

	 	S2K FINANCIAL LLC

 

	 	By:	 
	 	Name:	 
	 	Title:Exhibit 4.1

 

 

NEITHER THIS SECURITY NOR THE SECURITIES FOR
WHICH THIS SECURITY IS EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION
OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. THIS SECURITY AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS SECURITY
MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES.

 

COMMON STOCK PURCHASE WARRANT

 

OPGEN,
INC.

 

	Warrant Shares: _______	Initial
Exercise Date: May [__] 2021
	 	 
	 	Issue Date: November [__], 2020

 

THIS COMMON STOCK PURCHASE
WARRANT (the “Warrant”) certifies that, for value received, [_________________] or its assigns (the “Holder”)
is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on
or after May [__], 2021 (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New York City time) on May
[___], 2026 (the “Termination Date”), but not thereafter, to subscribe for and purchase from OpGen, Inc.,
a Delaware corporation (the “Company”), up to [______] shares of common stock, par value $0.01 per share (the
“Common Stock”) (as subject to adjustment hereunder, the “Warrant Shares”). The purchase price of
one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).

 

Section 1. Definitions.
Capitalized terms used and not otherwise defined herein shall have the meanings set forth in that certain Securities Purchase Agreement
(the “Purchase Agreement”), dated November [__], 2020, among the Company and the purchasers signatory thereto.

 

Section 2. Exercise.

 

a) Exercise
of Warrant. Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times
on or after the Initial Exercise Date and on or before the Termination Date by delivery to the Company of a duly executed facsimile
copy (or.pdf copy via e-mail attachment) of the Notice of Exercise in the form annexed hereto (the “Notice of Exercise”).
Within the earlier of (i) two (2) Trading Days and (ii) the number of Trading Days comprising the Standard Settlement Period (as
defined in Section 2(d)(i) herein) following the date of exercise as aforesaid, the Holder shall deliver the aggregate Exercise
Price for the Warrant Shares specified in the applicable Notice of Exercise by wire transfer or cashier’s check drawn on
a United States bank unless the cashless exercise procedure specified in Section 2(c) below is specified in the applicable Notice
of Exercise. No ink-original Notice of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee
or notarization) of any Notice of Exercise be required. Notwithstanding anything herein to the contrary, the Holder shall not be
required to physically surrender this Warrant to the Company until the Holder has purchased all of the Warrant Shares available
hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender this Warrant to the Company for
cancellation within three (3) Trading Days of the date on which the final Notice of Exercise is delivered to the Company. Partial
exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall have
the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number
of Warrant Shares purchased. The Holder and the Company shall maintain records showing the number of Warrant Shares purchased and
the date of such purchases. The Company shall deliver any objection to any Notice of Exercise within one (1) Trading Day of receipt
of such notice. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the
provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares
available for purchase hereunder at any given time may be less than the amount stated on the face hereof.

 

 

    	  

    	 

    

 

b) Exercise
Price. The exercise price per share of Common Stock under this Warrant shall be $[___], subject to adjustment hereunder (the
“Exercise Price”).

 

c) Cashless
Exercise. If at any time during the term of this Warrant and on or after the Initial Exercise Date, there is no effective registration
statement registering, or no current prospectus available for, the issuance or resale of the Warrant Shares by the Holder, then
this Warrant may be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder
shall be entitled to receive a number of Warrant Shares determined according to the following formula (a “Cashless Exercise”):

 

Net Number
= (A x B) - (A x C)

B

 

For purposes
of the foregoing formula:

 

(A) = the total number of shares with
respect to which this Warrant is then being exercised.

 

(B) = as applicable: (i) the VWAP on
the Trading Day immediately preceding the date of the applicable Notice of Exercise if such Notice of Exercise is (1) both executed
and delivered pursuant to Section 2(a) hereof on a day that is not a Trading Day or (2) both executed and delivered pursuant to
Section 2(a) hereof on a Trading Day prior to the opening of “regular trading hours” (as defined in Rule 600(b)(64)
of Regulation NMS promulgated under the federal securities laws) on such Trading Day, (ii) at the option of the Holder, either
(y) the VWAP on the Trading Day immediately preceding the date of the applicable Notice of Exercise or (z) the Bid Price of the
Common Stock on the principal Trading Market as reported by Bloomberg L.P. as of the time of the Holder’s execution of the
applicable Notice of Exercise if such Notice of Exercise is executed during “regular trading hours” on a Trading Day
and is delivered within two (2) hours thereafter (including until two (2) hours after the close of “regular trading hours”
on a Trading Day) pursuant to Section 2(a) hereof or (iii) the VWAP on the date of the applicable Notice of Exercise if the date
of such Notice of Exercise is a Trading Day and such Notice of Exercise is both executed and delivered pursuant to Section 2(a)
hereof after the close of “regular trading hours” on such Trading Day; and

 

(C) = the Exercise Price then in effect
for the applicable Warrant Shares at the time of such exercise.

 

If Warrant Shares are issued in such a cashless
exercise, the parties acknowledge and agree that in accordance with Section 3(a)(9) of the Securities Act, the Warrant Shares shall
take on the registered characteristics of the Warrants being exercised. The Company agrees not to take any position contrary to
this Section 2(c). Notwithstanding anything to the contrary, without limiting the rights
of the Holder to receive cash payments pursuant to Section 2(d)(i) and Section 2(d)(iv) herein, in the event the Company
does not have or maintain an effective registration statement, there are no circumstances that would require the Company to make
any cash payments or net cash settle the purchase warrants to the holders.

 

“Bid Price”
means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed
or quoted on a Trading Market, the bid price of the Common Stock for the time in question (or the nearest preceding date) on the
Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30
a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted
average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common
Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then reported in the “Pink
Sheets” published by OTC Markets Group, Inc. (or a similar organization or agency succeeding to its functions of reporting
prices), the most recent bid price per share of Common Stock so reported, or (d) in all other cases, the fair market value of a
share of Common Stock as determined by an independent appraiser selected in good faith by the Holders of a majority in interest
of the Securities then outstanding and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the
Company.

 

    	2  

    	 

    

 

 

“VWAP”
means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed
or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding
date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading
Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the
volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable,
(c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then
reported in the “Pink Sheets” published by OTC Markets Group, Inc. (or a similar organization or agency succeeding
to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d) in all other
cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by the
Holders of a majority in interest of the Securities then outstanding and reasonably acceptable to the Company, the fees and expenses
of which shall be paid by the Company.

 

Notwithstanding anything herein to the contrary,
on the Termination Date, this Warrant shall be automatically exercised via cashless exercise pursuant to this Section 2(c).

 

d) Mechanics
of Exercise.

 

i. Delivery
of Warrant Shares Upon Exercise. The Company shall cause the Warrant Shares purchased hereunder to be transmitted by the Transfer
Agent to the Holder by crediting the account of the Holder’s or its designee’s balance account with The Depository
Trust Company through its Deposit or Withdrawal at Custodian system (“DWAC”) if the Company is then a participant
in such system and either (A) there is an effective registration statement permitting the issuance of the Warrant Shares to or
resale of the Warrant Shares by the Holder or (B) the Warrant Shares are eligible for resale by the Holder without volume or manner-of-sale
limitations pursuant to Rule 144 (assuming cashless exercise of the Warrants), and otherwise by physical delivery of a certificate,
registered in the Company’s share register in the name of the Holder or its designee, for the number of Warrant Shares to
which the Holder is entitled pursuant to such exercise to the address specified by the Holder in the Notice of Exercise by the
date that is the earlier of (i) two (2) Trading Days and (ii) the number of Trading Days comprising the Standard Settlement Period
after the delivery to the Company of the Notice of Exercise (such date, the “Warrant Share Delivery Date”).
Upon delivery of the Notice of Exercise, the Holder shall be deemed for all corporate purposes to have become the holder of record
of the Warrant Shares with respect to which this Warrant has been exercised, irrespective of the date of delivery of the Warrant
Shares, provided that payment of the aggregate Exercise Price (other than in the case of a cashless exercise) is received within
the earlier of (i) two (2) Trading Days and (ii) the number of Trading Days comprising the Standard Settlement Period following
delivery of the Notice of Exercise. If the Company fails for any reason to deliver to the Holder the Warrant Shares subject to
a Notice of Exercise by the Warrant Share Delivery Date, the Company shall pay to the Holder, in cash, as liquidated damages and
not as a penalty, for each $1,000 of Warrant Shares subject to such exercise (based on the VWAP of the Common Stock on the date
of the applicable Notice of Exercise), $10 per Trading Day (increasing to $20 per Trading Day on the fifth Trading Day after such
liquidated damages begin to accrue) for each Trading Day after such Warrant Share Delivery Date until such Warrant Shares are delivered
or Holder rescinds such exercise. The Company agrees to maintain a transfer agent that is a participant in the FAST program so
long as this Warrant remains outstanding and exercisable. As used herein, “Standard Settlement Period” means
the standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect
to the Common Stock as in effect on the date of delivery of the Notice of Exercise.

 

    	3  

    	 

    

 

 

ii. Delivery
of New Warrants Upon Exercise. If this Warrant shall have been exercised in part, the Company shall, at the request of a Holder
and upon surrender of this Warrant certificate, at the time of delivery of the Warrant Shares, deliver to the Holder a new Warrant
evidencing the rights of the Holder to purchase the unpurchased Warrant Shares called for by this Warrant, which new Warrant shall
in all other respects be identical with this Warrant.

 

iii. Rescission
Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares pursuant to Section 2(d)(i)
by the Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise.

 

iv. Compensation
for Buy-In on Failure to Timely Deliver Warrant Shares Upon Exercise. In addition to any other rights available to the Holder,
if the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares in accordance with the provisions
of Section 2(d)(i) above pursuant to an exercise on or before the Warrant Share Delivery Date, and if after such date the Holder
is required by its broker to purchase (in an open market transaction or otherwise) or the Holder’s brokerage firm otherwise
purchases, shares of Common Stock to deliver in satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated
receiving upon such exercise (a “Buy-In”), then the Company shall (A) pay in cash to the Holder the amount,
if any, by which (x) the Holder’s total purchase price (including brokerage commissions, if any) for the shares of Common
Stock so purchased exceeds (y) the amount obtained by multiplying (1) the number of Warrant Shares that the Company was required
to deliver to the Holder in connection with the exercise at issue times (2) the price at which the sell order giving rise to such
purchase obligation was executed, and (B) at the option of the Holder, either reinstate the portion of the Warrant and equivalent
number of Warrant Shares for which such exercise was not honored (in which case such exercise shall be deemed rescinded) or deliver
to the Holder the number of shares of Common Stock that would have been issued had the Company timely complied with its exercise
and delivery obligations hereunder. For example, if the Holder purchases Common Stock having a total purchase price of $11,000
to cover a Buy-In with respect to an attempted exercise of shares of Common Stock with an aggregate sale price giving rise to such
purchase obligation of $10,000, under clause (A) of the immediately preceding sentence the Company shall be required to pay the
Holder $1,000. The Holder shall provide the Company written notice indicating the amounts payable to the Holder in respect of the
Buy-In and, upon request of the Company, evidence of the amount of such loss. Nothing herein shall limit a Holder’s right
to pursue any other remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific
performance and/or injunctive relief with respect to the Company’s failure to timely deliver shares of Common Stock upon
exercise of the Warrant as required pursuant to the terms hereof.

  

v. No
Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise
of this Warrant. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such exercise, the
Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction
multiplied by the Exercise Price or round up to the next whole share.

 

    	4  

    	 

    

 

 

vi. Charges,
Taxes and Expenses. Issuance of Warrant Shares shall be made without charge to the Holder for any issue or transfer tax or
other incidental expense in respect of the issuance of such Warrant Shares, all of which taxes and expenses shall be paid by the
Company, and such Warrant Shares shall be issued in the name of the Holder or in such name or names as may be directed by the Holder; provided, however,
that in the event that Warrant Shares are to be issued in a name other than the name of the Holder, this Warrant when surrendered
for exercise shall be accompanied by the Assignment Form attached hereto duly executed by the Holder and the Company may require,
as a condition thereto, the payment of a sum sufficient to reimburse it for any transfer tax incidental thereto. The Company shall
pay all Transfer Agent fees required for same-day processing of any Notice of Exercise and all fees to the Depository Trust Company
(or another established clearing corporation performing similar functions) required for same-day electronic delivery of the Warrant
Shares.

 

vii. Closing
of Books. The Company will not close its stockholder books or records in any manner which prevents the timely exercise of this
Warrant, pursuant to the terms hereof.

  

e) Holder’s
Exercise Limitations. The Company shall not effect any exercise of this Warrant, and a Holder shall not have the right to exercise
any portion of this Warrant, pursuant to Section 2 or otherwise, to the extent that after giving effect to such issuance after
exercise as set forth on the applicable Notice of Exercise, the Holder (together with the Holder’s Affiliates, and any other
Persons acting as a group together with the Holder or any of the Holder’s Affiliates (such Persons, “Attribution
Parties”)), would beneficially own in excess of the Beneficial Ownership Limitation (as defined below).  For purposes
of the foregoing sentence, the number of shares of Common Stock beneficially owned by the Holder and its Affiliates and Attribution
Parties shall include the number of shares of Common Stock issuable upon exercise of this Warrant with respect to which such determination
is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (i) exercise of the remaining,
nonexercised portion of this Warrant beneficially owned by the Holder or any of its Affiliates or Attribution Parties and (ii)
exercise or conversion of the unexercised or nonconverted portion of any other securities of the Company (including, without limitation,
any other Common Stock Equivalents) subject to a limitation on conversion or exercise analogous to the limitation contained herein
beneficially owned by the Holder or any of its Affiliates or Attribution Parties.  Except as set forth in the preceding sentence,
for purposes of this Section 2(e), beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act
and the rules and regulations promulgated thereunder, it being acknowledged by the Holder that the Company is not representing
to the Holder that such calculation is in compliance with Section 13(d) of the Exchange Act and the Holder is solely responsible
for any schedules required to be filed in accordance therewith. To the extent that the limitation contained in this Section 2(e)
applies, the determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder together
with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable shall be in the sole discretion
of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder’s determination of whether this
Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution Parties)
and of which portion of this Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation, and the Company
shall have no obligation to verify or confirm the accuracy of such determination. In addition, a determination as to any group
status as contemplated above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations
promulgated thereunder. For purposes of this Section 2(e), in determining the number of outstanding shares of Common Stock, a Holder
may rely on the number of outstanding shares of Common Stock as reflected in (A) the Company’s most recent periodic or annual
report filed with the Commission, as the case may be, (B) a more recent public announcement by the Company or (C) a more recent
written notice by the Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding.  Upon
the written or oral request of a Holder, the Company shall within one (1) Trading Day confirm orally and in writing to the Holder
the number of shares of Common Stock then outstanding.  In any case, the number of outstanding shares of Common Stock shall
be determined after giving effect to the conversion or exercise of securities of the Company, including this Warrant, by the Holder
or its Affiliates or Attribution Parties since the date as of which such number of outstanding shares of Common Stock was reported.
The “Beneficial Ownership Limitation” shall be 4.99% of the number of shares of Common Stock outstanding
immediately after giving effect to the issuance of shares of Common Stock issuable upon exercise of this Warrant. The Holder, upon
notice to the Company, may increase or decrease the Beneficial Ownership Limitation provisions of this Section 2(e), provided that
the Beneficial Ownership Limitation in no event exceeds 9.99% of the number of the shares of Common Stock outstanding immediately
after giving effect to the issuance of shares of Common Stock upon exercise of this Warrant held by the Holder and the provisions
of this Section 2(e) shall continue to apply. Any increase in the Beneficial Ownership Limitation will not be effective until the
61st day after such notice is delivered to the Company. The provisions of this paragraph shall be construed and
implemented in a manner otherwise than in strict conformity with the terms of this Section 2(e) to correct this paragraph (or any
portion hereof) which may be defective or inconsistent with the intended Beneficial Ownership Limitation herein contained or to
make changes or supplements necessary or desirable to properly give effect to such limitation. The limitations contained in this
paragraph shall apply to a successor holder of this Warrant.

 

    	5  

    	 

    

 

 

Section 3. Certain
Adjustments.

 

a) Stock
Dividends and Splits. If the Company, at any time while this Warrant is outstanding: (i) pays a stock dividend or otherwise
makes a distribution or distributions on shares of its Common Stock or any other equity or equity equivalent securities payable
in shares of Common Stock (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company upon
exercise of this Warrant), (ii) subdivides outstanding shares of Common Stock into a larger number of shares, (iii) combines (including
by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares, or (iv) issues by reclassification
of shares of Common Stock any shares of capital stock of the Company, then in each case the Exercise Price shall be multiplied
by a fraction of which the numerator shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding
immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately
after such event, and the number of shares issuable upon exercise of this Warrant shall be proportionately adjusted such that the
aggregate Exercise Price of this Warrant shall remain unchanged. Any adjustment made pursuant to this Section 3(a) shall become
effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution
and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

 

b) Reserved.

 

c) Subsequent
Rights Offerings. In addition to any adjustments pursuant to Section 3(a) above, if at any time the Company grants, issues
or sells any Common Stock Equivalents or rights to purchase stock, warrants, securities or other property pro rata to the record
holders of any class of shares of Common Stock (the “Purchase Rights”), then the Holder will be entitled to
acquire, upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which the Holder could have acquired
if the Holder had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard to
any limitations on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the date
on which a record is taken for the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the date as
of which the record holders of shares of Common Stock are to be determined for the grant, issue or sale of such Purchase Rights
(provided, however, to the extent that the Holder’s right to participate in any such Purchase Right would result in the Holder
exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such Purchase Right to such
extent (or beneficial ownership of such shares of Common Stock as a result of such Purchase Right to such extent) and such Purchase
Right to such extent shall be held in abeyance for the Holder until such time, if ever, as its right thereto would not result in
the Holder exceeding the Beneficial Ownership Limitation).

 

d) Pro
Rata Distributions. During such time as this Warrant is outstanding, if the Company shall declare or make any dividend (other
than cash) or other distribution of its assets (or rights to acquire its assets) to holders of shares of Common Stock, by way of
return of capital or otherwise (including, without limitation, any distribution of stock or other securities, property or options
by way of a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction)
(a “Distribution”), at any time after the issuance of this Warrant, then, in each such case, the Holder shall
be entitled to participate in such Distribution to the same extent that the Holder would have participated therein if the Holder
had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard to any limitations
on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the date of which a record
is taken for such Distribution, or, if no such record is taken, the date as of which the record holders of shares of Common Stock
are to be determined for the participation in such Distribution (provided, however, to the extent that the Holder's
right to participate in any such Distribution would result in the Holder exceeding the Beneficial Ownership Limitation, then the
Holder shall not be entitled to participate in such Distribution to such extent (or in the beneficial ownership of any shares of
Common Stock as a result of such Distribution to such extent) and the portion of such Distribution shall be held in abeyance for
the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Beneficial
Ownership Limitation).

 

    	6  

    	 

    

 

 

e) Fundamental
Transaction. Fundamental Transaction. If, at any time while this Warrant is outstanding, (i) the Company, directly or indirectly,
in one or more related transactions effects any merger or consolidation of the Company with or into another Person, (ii) the Company,
directly or indirectly, effects any sale, lease, license, assignment, transfer, conveyance or other disposition of all or substantially
all of its assets in one or a series of related transactions, (iii) any, direct or indirect, purchase offer, tender offer or exchange
offer (whether by the Company or another Person) is completed pursuant to which holders of shares of Common Stock are permitted
to sell, tender or exchange their shares for other securities, cash or property and has been accepted by the holders of 50% or
more of the outstanding shares of Common Stock, (iv) the Company, directly or indirectly, in one or more related transactions effects
any reclassification, reorganization or recapitalization of the shares of Common Stock or any compulsory share exchange pursuant
to which the shares of Common Stock are effectively converted into or exchanged for other securities, cash or property, or (v)
the Company, directly or indirectly, in one or more related transactions consummates a stock or share purchase agreement or other
business combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement) with
another Person or group of Persons whereby such other Person or group acquires more than 50% of the outstanding shares of Common
Stock (not including any shares of Common Stock held by the other Person or other Persons making or party to, or associated or
affiliated with the other Persons making or party to, such stock or share purchase agreement or other business combination) (each
a “Fundamental Transaction”), then, upon any subsequent exercise of this Warrant, the Holder shall have the
right to receive, for each Warrant Share that would have been issuable upon such exercise immediately prior to the occurrence of
such Fundamental Transaction, at the option of the Holder (without regard to any limitation in Section 2(e) on the exercise of
this Warrant), the number of shares of Common Stock of the successor or acquiring corporation or of the Company, if it is the surviving
corporation, and any additional consideration (the “Alternate Consideration”) receivable as a result of such
Fundamental Transaction by a holder of the number of shares of Common Stock for which this Warrant is exercisable immediately prior
to such Fundamental Transaction (without regard to any limitation in Section 2(e) on the exercise of this Warrant). For purposes
of any such exercise, the determination of the Exercise Price shall be appropriately adjusted to apply to such Alternate Consideration
based on the amount of Alternate Consideration issuable in respect of one share of Common Stock in such Fundamental Transaction,
and the Company shall apportion the Exercise Price among the Alternate Consideration in a reasonable manner reflecting the relative
value of any different components of the Alternate Consideration. If holders of shares of Common Stock are given any choice as
to the securities, cash or property to be received in a Fundamental Transaction, then the Holder shall be given the same choice
as to the Alternate Consideration it receives upon any exercise of this Warrant following such Fundamental Transaction. Notwithstanding
anything to the contrary, in the event of a Fundamental Transaction, the Company or any Successor Entity (as defined below) shall,
at the Holder’s option, exercisable at any time concurrently with, or within 30 days after, the consummation of the Fundamental
Transaction (or, if later, the date of the public announcement of the applicable Fundamental Transaction), purchase this Warrant
from the Holder by paying to the Holder an amount of cash equal to the Black Scholes Value (as defined below) of the remaining
unexercised portion of this Warrant on the date of the consummation of such Fundamental Transaction; provided, however, that, if
the Fundamental Transaction is not within the Company's control, including not approved by the Company's Board of Directors, Holder
shall only be entitled to receive from the Company or any Successor Entity, as of the date of consummation of such Fundamental
Transaction, the same type or form of consideration (and in the same proportion), at the Black Scholes Value of the unexercised
portion of this Warrant, that is being offered and paid to the holders of Common Stock of the Company in connection with the Fundamental
Transaction, whether that consideration be in the form of cash, stock or any combination thereof, or whether the holders of Common
Stock are given the choice to receive from among alternative forms of consideration in connection with the Fundamental Transaction.
“Black Scholes Value” means the value of this Warrant based on the Black-Scholes Option Pricing Model obtained
from the “OV” function on Bloomberg, L.P. (“Bloomberg”) determined as of the day of consummation
of the applicable Fundamental Transaction for pricing purposes and reflecting (A) a risk-free interest rate corresponding to the
U.S. Treasury rate for a period equal to the time between the date of the public announcement of the applicable Fundamental Transaction
and the Termination Date, (B) an expected volatility equal to the greater of 100% and the 100 day volatility obtained from the
HVT function on Bloomberg (determined utilizing a 365 day annualization factor) as of the Trading Day immediately following the
public announcement of the applicable Fundamental Transaction, (C) the underlying price per share used in such calculation shall
be the greater of (i) the sum of the price per share being offered in cash, if any, plus the value of any non-cash consideration,
if any, being offered in such Fundamental Transaction and (ii) the greater of (x) the last VWAP immediately prior to the public
announcement of such Fundamental Transaction and (y) the last VWAP immediately prior to the consummation of such Fundamental Transaction
and (D) a remaining option time equal to the time between the date of the public announcement of the applicable Fundamental Transaction
and the Termination Date and (E) a zero cost of borrow. The payment of the Black Scholes Value will be made by wire transfer of
immediately available funds within five Business Days of the Holder’s election (or, if later, on the effective date of the
Fundamental Transaction). The Company shall cause any successor entity in a Fundamental Transaction in which the Company is not
the survivor (the “Successor Entity”) to assume in writing all of the obligations of the Company under this
Warrant and the other Transaction Documents in accordance with the provisions of this Section 3(e) pursuant to written agreements
in form and substance reasonably satisfactory to the Holder prior to such Fundamental Transaction and shall, at the option of the
Holder, deliver to the Holder in exchange for this Warrant a security of the Successor Entity evidenced by a written instrument
substantially similar in form and substance to this Warrant which is exercisable for a corresponding number of shares of capital
stock of such Successor Entity (or its parent entity) equivalent to the shares of Common Stock acquirable and receivable upon exercise
of this Warrant (without regard to any limitations on the exercise of this Warrant) prior to such Fundamental Transaction, and
with an exercise price which applies the exercise price hereunder to such shares of capital stock (but taking into account the
relative value of the shares of Common Stock pursuant to such Fundamental Transaction and the value of such shares of capital stock,
such number of shares of capital stock and such exercise price being for the purpose of protecting the economic value of this Warrant
immediately prior to the consummation of such Fundamental Transaction), and which is reasonably satisfactory in form and substance
to the Holder. Upon the occurrence of any such Fundamental Transaction, the Successor Entity shall succeed to, and be substituted
for (so that from and after the date of such Fundamental Transaction, the provisions of this Warrant and the other Transaction
Documents referring to the “Company” shall refer instead to the Successor Entity), and may exercise every right and
power of the Company and shall assume all of the obligations of the Company under this Warrant and the other Transaction Documents
with the same effect as if such Successor Entity had been named as the Company herein.

 

    	7  

    	 

    

 

 

f)   Calculations.
All calculations under this Section 3 shall be made to the nearest cent or the nearest 1/100th of a share, as the case may be.
For purposes of this Section 3, the number of shares of Common Stock deemed to be issued and outstanding as of a given date shall
be the sum of the number of shares of Common Stock (excluding treasury shares, if any) issued and outstanding.

 

g) Notice
to Holder.

 

i. Adjustment
to Exercise Price. Whenever the Exercise Price is adjusted pursuant to any provision of this Section 3, the Company shall promptly
deliver to the Holder by facsimile or email a notice setting forth the Exercise Price after such adjustment and any resulting adjustment
to the number of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.

 

ii. Notice
to Allow Exercise by Holder. If (A) the Company shall declare a dividend (or any other distribution in whatever form) on the
shares of Common Stock, (B) the Company shall declare a special nonrecurring cash dividend on or a redemption of the shares of
Common Stock, (C) the Company shall authorize the granting to all holders of the shares of Common Stock rights or warrants to subscribe
for or purchase any capital stock of any class or of any rights, (D) the approval of any stockholders of the Company shall be required
in connection with any reclassification of the shares of Common Stock, any consolidation or merger to which the Company is a party,
any sale or transfer of all or substantially all of the assets of the Company, or any compulsory share exchange whereby the shares
of Common Stock are converted into other securities, cash or property, or (E) the Company shall authorize the voluntary or involuntary
dissolution, liquidation or winding up of the affairs of the Company, then, in each case, the Company shall cause to be delivered
by facsimile or email to the Holder at its last facsimile number or email address as it shall appear upon the Warrant Register
of the Company, at least 5 calendar days prior to the applicable record or effective date hereinafter specified, a notice stating
(x) the date on which a record is to be taken for the purpose of such dividend, distribution, redemption, rights or warrants, or
if a record is not to be taken, the date as of which the holders of the shares of Common Stock of record to be entitled to such
dividend, distributions, redemption, rights or warrants are to be determined or (y) the date on which such reclassification, consolidation,
merger, sale, transfer or stock exchange is expected to become effective or close, and the date as of which it is expected that
holders of the shares of Common Stock of record shall be entitled to exchange their shares of Common Stock for securities, cash
or other property deliverable upon such reclassification, consolidation, merger, sale, transfer or stock exchange; provided that
the failure to deliver such notice or any defect therein or in the delivery thereof shall not affect the validity of the corporate
action required to be specified in such notice and provided, further that no notice shall be required if the information is disseminated
in a press release or document filed with the Securities and Exchange Commission . To the extent that any notice provided in this
Warrant constitutes, or contains, material, non-public information regarding the Company, the Company shall simultaneously file
such notice with the Commission pursuant to a Current Report on Form 8-K. The Holder shall remain entitled to exercise this Warrant
during the period commencing on the date of such notice to the effective date of the event triggering such notice except as may
otherwise be expressly set forth herein.

  

    	8  

    	 

    

 

Section 4. Transfer
of Warrant.

 

a) Transferability.
Subject to compliance with any applicable securities laws and the conditions set forth in Section 4(d) hereof and to the provisions
of Section 4.1 of the Purchase Agreement, this Warrant and all rights hereunder (including, without limitation, any registration
rights) are transferable, in whole or in part, upon surrender of this Warrant at the principal office of the Company or its designated
agent, together with a written assignment of this Warrant substantially in the form attached hereto duly executed by the Holder
or its agent or attorney and funds sufficient to pay any transfer taxes payable upon the making of such transfer. Upon such surrender
and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants in the name of the assignee or
assignees, as applicable, and in the denomination or denominations specified in such instrument of assignment, and shall issue
to the assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this Warrant shall promptly be cancelled.
Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company
unless the Holder has assigned this Warrant in full, in which case, the Holder shall surrender this Warrant to the Company within
three (3) Trading Days of the date on which the Holder delivers an assignment form to the Company assigning this Warrant in full.
The Warrant, if properly assigned in accordance herewith, may be exercised by a new holder for the purchase of Warrant Shares without
having a new Warrant issued.

 

b) New
Warrants. This Warrant may be divided or combined with other Warrants upon presentation hereof at the aforesaid office of the
Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued, signed by
the Holder or its agent or attorney. Subject to compliance with Section 4(a), as to any transfer which may be involved in such
division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants
to be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated the Issue
Date of this Warrant and shall be identical with this Warrant except as to the number of Warrant Shares issuable pursuant thereto.

 

c) Warrant
Register. The Company shall register this Warrant, upon records to be maintained by the Company for that purpose (the “Warrant
Register”), in the name of the record Holder hereof from time to time. The Company may deem and treat the registered
Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Holder, and
for all other purposes, absent actual notice to the contrary.

 

d) Transfer
Restrictions. If, at the time of the surrender of this Warrant in connection with any transfer of this Warrant, this Warrant
shall not be either (i) registered pursuant to an effective registration statement under the Securities Act and under applicable
state securities or blue sky laws or (ii) eligible for resale without volume or manner-of-sale restrictions or current public information
requirements pursuant to Rule 144, the Company may require, as a condition of allowing such transfer, that the Holder or transferee
of this Warrant, as the case may be, comply with the provisions of Section 5.7 of the Purchase Agreement.

 

    	9  

    	 

    

 

 

e) Representation
by the Holder. The Holder, by the acceptance hereof, represents and warrants that it is acquiring this Warrant and, upon any
exercise hereof, will acquire the Warrant Shares issuable upon such exercise, for its own account and not with a view to or for
distributing or reselling such Warrant Shares or any part thereof in violation of the Securities Act or any applicable state securities
law, except pursuant to sales registered or exempted under the Securities Act.

 

Section 5. Miscellaneous.

 

a) No
Rights as Stockholder Until Exercise. This Warrant does not entitle the Holder to any voting rights, dividends or other rights
as a stockholder of the Company prior to the exercise hereof as set forth in Section 2(d)(i), except as expressly set forth in
Section 3.

 

b) Loss,
Theft, Destruction or Mutilation of Warrant. The Company covenants that upon receipt by the Company of evidence reasonably
satisfactory to it of the loss, theft, destruction or mutilation of this Warrant or any stock certificate relating to the Warrant
Shares, and in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it (which, in the case of
the Warrant, shall not include the posting of any bond), and upon surrender and cancellation of such Warrant or stock certificate,
if mutilated, the Company will make and deliver a new Warrant or stock certificate of like tenor and dated as of such cancellation,
in lieu of such Warrant or stock certificate.

 

c) Saturdays,
Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right required or
granted herein shall not be a Business Day, then, such action may be taken or such right may be exercised on the next succeeding
Business Day.

 

d) Authorized
Shares.

 

The Company covenants
that, during the period the Warrant is outstanding, it will reserve from its authorized and unissued shares of Common Stock a sufficient
number of shares to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights under this Warrant.
The Company further covenants that its issuance of this Warrant shall constitute full authority to its officers who are charged
with the duty of issuing the necessary Warrant Shares upon the exercise of the purchase rights under this Warrant. The Company
will take all such reasonable action as may be necessary to assure that such Warrant Shares may be issued as provided herein without
violation of any applicable law or regulation, or of any requirements of the Trading Market upon which the shares of Common Stock
may be listed. The Company covenants that all Warrant Shares which may be issued upon the exercise of the purchase rights represented
by this Warrant will, upon exercise of the purchase rights represented by this Warrant and payment for such Warrant Shares in accordance
herewith, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens and charges created by
the Company in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such
issue).

 

Except and to the
extent as waived or consented to by the Holder, the Company shall not by any action, including, without limitation, amending its
certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale
of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant,
but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such actions as may be
necessary or appropriate to protect the rights of Holder as set forth in this Warrant against impairment. Without limiting the
generality of the foregoing, the Company will (i) not increase the par value of any Warrant Shares above the amount payable therefor
upon such exercise immediately prior to such increase in par value, (ii) take all such action as may be necessary or appropriate
in order that the Company may validly and legally issue fully paid and nonassessable Warrant Shares upon the exercise of this Warrant
and (iii) use commercially reasonable efforts to obtain all such authorizations, exemptions or consents from any public regulatory
body having jurisdiction thereof, as may be, necessary to enable the Company to perform its obligations under this Warrant.

 

    	10  

    	 

    

 

 

Before taking any
action which would result in an adjustment in the number of Warrant Shares for which this Warrant is exercisable or in the Exercise
Price, the Company shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be necessary from any
public regulatory body or bodies having jurisdiction thereof.

 

e) Jurisdiction.
All questions concerning the construction, validity, enforcement and interpretation of this Warrant shall be determined in accordance
with the provisions of the Purchase Agreement.

 

f)   Restrictions.
The Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant, if not registered, and the Holder does
not utilize cashless exercise, will have restrictions upon resale imposed by state and federal securities laws.

 

g) Nonwaiver
and Expenses. No course of dealing or any delay or failure to exercise any right hereunder on the part of Holder shall operate
as a waiver of such right or otherwise prejudice the Holder’s rights, powers or remedies, notwithstanding the fact that the
Holder’s right to exercise this Warrant terminates on the Termination Date. If the Company willfully and knowingly fails
to comply with any provision of this Warrant or the Purchase Agreement, which results in any material damages to the Holder, the
Company shall pay to the Holder such amounts as shall be sufficient to cover any costs and expenses including, but not limited
to, reasonable attorneys’ fees, including those of appellate proceedings, incurred by the Holder in collecting any amounts
due pursuant hereto or in otherwise enforcing any of its rights, powers or remedies hereunder.

 

h) Notices.
Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered
in accordance with the notice provisions of the Purchase Agreement.

 

i)   Limitation
of Liability. No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase
Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder
for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company
or by creditors of the Company.

 

j)   Remedies.
The Holder, in addition to being entitled to exercise all rights granted by law, including recovery of damages, will be entitled
to specific performance of its rights under this Warrant. The Company agrees that monetary damages would not be adequate compensation
for any loss incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees to waive and not to assert
the defense in any action for specific performance that a remedy at law would be adequate.

 

k) Successors
and Assigns. Subject to applicable securities laws, this Warrant and the rights and obligations evidenced hereby shall inure
to the benefit of and be binding upon the successors and permitted assigns of the Company and the successors and permitted assigns
of Holder. The provisions of this Warrant are intended to be for the benefit of any Holder from time to time of this Warrant and
shall be enforceable by the Holder or holder of Warrant Shares.

 

l)   Amendment.
This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company and the Holder.

 

m) Severability.
Wherever possible, each provision of this Warrant shall be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Warrant shall be prohibited by or invalid under applicable law, such provision shall be ineffective
to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions or the remaining provisions
of this Warrant.

 

n) Headings.
The headings used in this Warrant are for the convenience of reference only and shall not, for any purpose, be deemed a part of
this Warrant.

 

********************

 

(Signature Page Follows)

 

 

    	11  

    	 

    

 

IN WITNESS WHEREOF, the Company
has caused this Warrant to be executed by its officer thereunto duly authorized as of the date first above indicated.

 

	 	OPGEN, INC.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

 

 

 

    	  

    	 

    

 

NOTICE OF EXERCISE

 

	 	TO:	OPGEN, INC.

 

(1)   The undersigned
hereby elects to purchase ________ Warrant Shares of the Company pursuant to the terms of the attached Warrant (only if exercised
in full), and tenders herewith payment of the exercise price in full, together with all applicable transfer taxes, if any.

 

(2) Payment shall take the
form of (check applicable box):

 

☐
in lawful money of the United States; or

 

☐
if permitted the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in subsection
2(c), to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise
procedure set forth in subsection 2(c).

 

(3) Please issue said Warrant
Shares in the name of the undersigned or in such other name as is specified below:

 

	 	 	 

 

The Warrant Shares shall be delivered to the
following DWAC Account Number:

 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

(4) Accredited Investor.
The undersigned is an “accredited investor” as defined in Regulation D promulgated under the Securities Act of 1933,
as amended.

 _____________________

_____________________

 

[SIGNATURE
OF HOLDER]

 

Name of Investing Entity: ________________________________________________________________________

Signature of Authorized Signatory of Investing
Entity: _________________________________________________

Name of Authorized Signatory: ___________________________________________________________________

Title of Authorized Signatory: ____________________________________________________________________

Date: ________________________________________________________________________________________

 

 

 

 

    	  

    	 

    

 

Exhibit B 

 

ASSIGNMENT FORM

 

(To assign the foregoing
Warrant, execute this form and supply required information. Do not use this form to purchase shares.)

 

FOR VALUE RECEIVED, the
foregoing Warrant and all rights evidenced thereby are hereby assigned to

 

	Name:	 	 
	 	 	(Please Print)
	Address:	 	 
	 	 	(Please Print)
	 	 	 
	Phone Number:	 	 
	 	 	 
	Email Address:	 	 
	 	 	 
	Dated: _______________ __, ______	 	 
	 	 	 
	Holder’s Signature:______________________	 	 
	 	 	 
	Holder’s Address:______________________

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