Document:

Employment Letter

 Exhibit 10.1 
 May 12, 2011 
 William (Obi) Greenman 

2501 Union Street 
 San Francisco, CA 94123

 Dear Obi, 

Congratulations! On behalf of Cerus, it is a pleasure to offer you the new position of President and Chief Executive Officer (CEO”). 

You were chosen for this position because of your qualifications, proven performance in your current role and your contributions to Cerus. You were also
offered this position because of Cerus’ strong commitment for providing employees with learning and career opportunities whenever possible. 
 As we discussed, this letter agreement (the “Agreement”) sets forth the terms and conditions of your continued employment with Cerus Corporation (“Cerus” or the “Company”).
This Agreement supersedes and replaces any previous agreements, which shall have no further force or effect. 
 Position, Duties and
Reporting Relationship 
 You will serve in an executive capacity and shall perform the duties of the President and Chief Executive Officer
(“CEO”). You will work out of the Company’s headquarters in Concord, California. In this position, you report to the Company’s Board of Directors (the “Board”), and you have full responsibility for all activities of the
Company and are required to undertake the duties and responsibilities assigned to you by the Board. Your overall mandate is to optimize the strategic, financial, and operational position of the Company. If your employment with the Company terminates
for any reason, you agree to tender your resignation as a director of the Board, if requested by the Company, to be effective as of your last day of your employment with the Company or any earlier date specified by the Company. The Company may
modify your duties and work location from time to time at its discretion. 
 Base Salary and Bonus Compensation 

Beginning April 18, 2011, your annual base salary will be $415,000, less standard payroll deductions and withholdings and paid semi-monthly in
accordance with the Company’s normal payroll schedule. You are eligible to participate in the Company’s Cash Bonus Plan for Senior Management of Cerus Corporation (the “Bonus Plan”), in accordance with the terms, conditions and
limitations of the plan. The target bonus percentage for your position is 60% of base salary (subject to Federal & State taxes). Annual bonuses 

 
are not guaranteed and such bonuses, if any, are awarded at the sole discretion of the Board based on its assessment of your performance and the Company’s performance with respect to
corporate and personal objectives. As provided in the Bonus Plan, you must remain employed through the date the bonus is paid in order to earn and be eligible to receive a bonus; no pro rata or partial bonuses will be provided. The Board shall have
the sole discretion to change or eliminate the annual bonus program at any time, and to determine the amount of bonus earned, if any. The Company may modify your compensation from time to time as it deems necessary. 

Stock Option Grant 

As approved by the Compensation Committee, you received a stock option to purchase five hundred fifty thousand (550,000) shares
of the Company’s Common Stock pursuant to the Company’s 2008 Equity Incentive Plan (the “Plan”) at an exercise price equal to the fair market value of such shares on the date of grant as determined by the Compensation Committee
(the “Option”). These Options shall be subject to the terms and conditions of the Plan and your Option agreement, which will include the following four-year vesting schedule subject to your continued employment with the Company: one eighth
(1/8th) of the shares subject to the Options shall
vest six (6) months after the vesting commencement date, and one forty-eighth (1/48th) of the shares subject to the Option shall vest on the first day of each month thereafter. 

Employee Benefits and Vacation Accrual Rate 
 Subject to the terms, conditions and limitations of the Company’s benefit plans, you are eligible to participate in Cerus’ standard employee benefits plans which include employer-subsidized
medical, dental and vision care coverage, long term disability insurance, life insurance, a 401(k) plan, and Employee Stock Purchase Plan. The Employee Stock Purchase Plan gives employees an opportunity to obtain an equity position in Cerus
Corporation at a favorable price. You will continue to accrue paid vacation at a rate of 13.33 hours per month (an annual rate of four (4) weeks per year). Cerus may modify benefits and vacation accrual rate from time to time as it deems
necessary. 
 Compliance with Company Policies; Proprietary Information and Inventions Agreement 

As a Company employee, you are expected to abide by Company policies and procedures and acknowledge in writing that you have read and will comply with the
Company’s Employee Handbook. Furthermore, you must read, sign and comply with the enclosed Employee Proprietary Information and Inventions Agreement (the “Proprietary Information Agreement”) as a condition of your employment.

 Third Party Information 
 In your work for the Company, you are expected not to use or disclose any confidential information, including trade secrets, of any former employer or other third party to whom you have an obligation of
confidentiality. Rather, you are expected to use only that information which is generally known and used by persons with training and experience comparable to your own, which is common knowledge in the industry or otherwise legally in the public
domain, or which is otherwise provided or developed by the Company. You agree that you will not bring onto Company premises or use in your work for the Company, any unpublished documents or property belonging to any former employer or other third
party that you are not authorized to use or disclose. By accepting employment with the Company, you represent that you will be able to perform your job duties within these guidelines and that you are not subject to any contractual or other
obligations that could restrict your activities on behalf of the Company. 
 Outside Activities 

Throughout your employment with the Company, you may engage in civic and not-for-profit activities so long as such activities do not interfere with the
performance of your duties hereunder or present a conflict of interest with the Company. You may not engage in other employment or undertake any other business activities unless you obtain the prior written consent of the Board. 

During your employment by the Company, except on behalf of the Company, you will not directly or indirectly serve as an officer, director, stockholder,
employee, partner, proprietor, investor, joint venturer, associate, representative or consultant of any other person, corporation, firm, partnership or other entity whatsoever known by you to compete directly with the Company, anywhere in the world,
in any line of business engaged in (or planned to be engaged in) by the Company; provided, however, that you may purchase or otherwise acquire up to (but not more than) one percent (1%) of any class of securities of any enterprise (but without
participating in the activities of such enterprise) if such securities are listed on any national or regional securities exchange or have been registered under Section 12(g) of the Securities Exchange Act of 1934, as amended. 

At-Will Employment Relationship 
 Your
employment relationship is terminable at-will. This means that either you or the Company can terminate your employment at any time, with or without Cause (defined below), and with or without advance notice. In the event that you resign from your
employment, we request that you provide at least two (2) weeks advance written notice. This at-will employment relationship can only be changed in a written agreement approved by the Board and signed by you and a duly authorized member of the
Board. 

 Severance Benefits 
 In the event that the Company terminates your employment without Cause (and other than as a result of your death or Disability (as defined below)) and such termination constitutes a “separation from
service” (as defined under Treasury Regulation Section 1.409A-1(h)), and subject to your delivery to the Company of an executed release and waiver of claims in the form as the Company may require (the “Release”), within the time
period set forth therein, but in no event later than forty-five days following your termination, and permitting such Release to become effective in accordance with its terms, then you will receive the following severance benefits, as your sole
severance benefits (collectively, the “Severance Benefits”): 
 (a) twelve (12) months of your base salary in
effect as of the termination date, less required deductions and withholdings, paid in the form of salary continuation on the Company’s standard payroll dates following termination; provided, however, no such payments will be made prior to the
effective date of the Release, and on the first regular payroll date following the effective date of the Release, the Company will pay you in a lump sum the amount of the salary continuation you would have otherwise received on and prior to such
date but for the delay due to the Release, with the balance paid thereafter on the original schedule; 
 (b) provided that you
timely elect continued group health insurance coverage through federal COBRA law, the Company will pay your COBRA premiums sufficient to continue your group health insurance coverage at the same level in effect as of your termination date for twelve
(12) months after your termination or until you become eligible for group health insurance coverage through a new employer or otherwise cease to be eligible for COBRA coverage, whichever occurs first; and 

(c) accelerated vesting of any unvested shares subject to any outstanding stock option grants such that all shares subject to your stock
options will be fully vested and immediately exercisable effective as of the employment termination date. 
 For the purposes of this Agreement,
“Cause” for termination shall mean the Company’s termination of your employment for any of the following reasons: (a) you are convicted of any felony or of any crime involving moral turpitude (including a no contest or guilty
plea); (b) you participate in any fraud or act of dishonesty against the Company; (c) you willfully breach your duties to the Company, including insubordination, misconduct, excessive absenteeism, or persistent unsatisfactory performance
of job duties; (d) you intentionally damage or willfully misappropriate any property of the Company; (e) you materially breach any written agreement with the Company (including, but not limited to, your Proprietary Information Agreement);
or (f) you engage in conduct that demonstrates unfitness to serve as reasonably determined by the Board. Notwithstanding the foregoing, prior to a termination for Cause falling within (c) and (f) of the foregoing Cause definition, the
Board must provide you with written notice of your unsatisfactory conduct and a period of thirty (30) days to cure such conduct, except that such written notice and opportunity to cure are not required if the conduct is not capable of being

 
cured. In the event that your employment is terminated for Cause or your employment terminates at your request for any reason, Cerus shall have no obligation to pay any Severance Benefits.

 For purposes of this Agreement, “Disability” shall mean your inability to perform your duties under this Agreement, even with
reasonable accommodation, because you have become permanently disabled within the meaning of any policy of disability income insurance covering employees of the Company then in force. In the event the Company has no policy of disability income
insurance covering employees of the Company in force when you become disabled, the term “Disability” shall mean your inability to perform your duties under this Agreement, whether with or without reasonable accommodation, by reason of any
incapacity, physical or mental, which the Board, based upon medical advice or an opinion provided by a licensed physician acceptable to the Board, determines to have incapacitated you from satisfactorily performing all of your usual services for the
Company, with or without reasonable accommodation, for a period of at least nine (9) consecutive months during any twelve (12) month period. Based upon such medical advice or opinion, the determination of the Board shall be final and
binding and the date such determination is made shall be the date of such Disability for purposes of this Agreement 
 Change of Control
Benefits 
 If, on or within twelve (12) months after a Change of Control (defined below), your employment is terminated without Cause
(and other than as a result of your death or Disability (as defined above)) by the Company or terminated by you due to your Good Reason Resignation (defined below) and provided such termination constitutes a “separation from service” (as
defined above), and subject to your delivery to the Company of an executed Release, within the time period set forth therein, but in no event later than forty-five days following your termination, and permitting such Release to become effective in
accordance with its terms, then you will receive the following severance benefits, as your sole benefits (collectively, the “Change of Control Benefits”): 
 (a) eighteen (18) months of your base salary in effect as of the termination date (ignoring any reduction in salary that is the basis for a Good Reason Resignation), less required deductions and
withholdings, paid in the form of a lump sum on the first regular payroll date following the effective date of the Release; 

(b) provided that you timely elect continued group health insurance coverage through federal COBRA law, the Company will pay your COBRA
premiums sufficient to continue your group health insurance coverage at the same level in effect as of your termination date for eighteen (18) months after your termination or until you become eligible for group health insurance coverage
through a new employer or otherwise cease to be eligible for COBRA coverage, whichever occurs first; and 
 (c) accelerated
vesting of any unvested shares subject to any outstanding stock option grants such that all shares subject to your stock options will be fully vested and immediately exercisable effective as of the employment termination date. 

 For the purposes of this Agreement, a “Change of Control” shall mean: (a) a sale, lease or
other disposition of all or substantially all of the assets of the Company; (b) a merger or consolidation in which the Company is not the surviving corporation; or (c) a reverse merger in which the Company is the surviving corporation but
the holders of the Company’s outstanding voting stock immediately prior to such transaction own, immediately after the closing of the transaction, securities representing less than fifty percent (50%) of the voting stock of the Company or
other surviving entity. 
 For the purposes of this Agreement, your “Good Reason Resignation” shall mean your resignation within
twelve (12) months after a Change of Control because the Change of Control resulted, without your consent, in: (a) a relocation of your assigned office more than thirty-five (35) miles from its location immediately prior to the Change
of Control; (b) a material decrease in your base salary (except for salary decreases generally applicable to the Company’s other executive employees); or (c) a material reduction in the scope of your duties and responsibilities from
your duties and responsibilities in effect immediately prior to the Change of Control. Notwithstanding the foregoing, a “Good Reason Resignation” shall only occur if: (a) you notify the Company in writing, within sixty (60) days
after the occurrence of one of the foregoing events, specifying the event(s) constituting “good reason” and that you intend to terminate your employment no earlier than thirty (30) days after providing such notice; (b) the
Company does not cure such condition within thirty (30) days following its receipt of such notice or states unequivocally in writing that it does not intend to attempt to cure such condition; and (c) you resign from employment within
thirty (30) days following the end of the period within which the Company was entitled to remedy the condition constituting “good reason” but failed to do so. 
 Section 409A 
 It is intended that each installment of the severance payments and
benefits provided under this Agreement (the “Severance Benefits”) is a separate “payment” for purposes Section 1.409A-2(b)(2)(i) of the Treasury Regulations. For the avoidance of doubt, it is intended that payments of the
Severance Benefits satisfy, to the greatest extent possible, the exemptions from the application of Section 409A of the Code and the Treasury Regulations and other guidance thereunder and any state law of similar effect (collectively
“Section 409A”) provided under Sections 1.409A-1(b)(4), 1.409A-1(b)(5) and 1.409A-1(b)(9) of the Treasury Regulations. However, if the Company determines that the Severance Benefits constitute “deferred compensation” under
Section 409A and you are, on your separation from service, a “specified employee” of the Company (as such term is defined in Section 409A(a)(2)(B)(i) of the Code) then, solely to the extent necessary to avoid the incurrence of
the adverse personal tax consequences under Section 409A, the timing of the payment of the Severance Benefits shall be delayed so that on the earlier to occur of: (i) the date that is six months and one day after your separation from
service and (ii) the date of your death (such applicable date, the “Specified Employee Initial Payment Date”), the Company shall (A) pay to you a lump sum amount equal to the sum of the Severance Benefits that you would otherwise
have received through the 

 
Specified Employee Initial Payment Date if the commencement of the payment of the Severance Benefits had not been so delayed pursuant to this paragraph and (B) commence paying the balance of
the Severance Benefits in accordance with the applicable payment schedules set forth in this Agreement. 
 Miscellaneous 

This Agreement, together with your Proprietary Information Agreement, forms the complete and exclusive statement of your employment agreement with Cerus.
It supersedes any other agreements or promises made to you by anyone, whether oral or written. Changes in your employment terms, other than those changes expressly reserved to the Company’s or Board’s discretion in this letter, require a
written modification signed by a duly authorized director of the Board. Each party has carefully read this Agreement, has been afforded the opportunity to be advised of its meaning and consequences by your or its respective attorneys, and signs the
same of your or its own free will. This Agreement can be signed in counterparts, and facsimile signatures shall be deemed equivalent to original signatures. As required by law, your employment is subject to satisfactory proof of your right to work
in the United States. 
 Please sign below to indicate your acceptance of these terms and conditions of your employment relationship. We look
forward to your favorable reply and to a continued productive and exciting work relationship. 
 Sincerely, 

 

	
	 /s/ Gail Schulze

	Gail Schulze
	Chair, Cerus Compensation Committee

  

							
	Approved and Accepted	 	 /s/ William (Obi) Greenman
	 		  	Date     May 12, 2011    
		 	William (Obi) GreenmanPrivate Placement Subscription Agreement

 Exhibit 4.1 
 THIS SUBSCRIPTION IS EXECUTED IN RELIANCE UPON THE EXEMPTION PROVIDED BY SECTION 4(2) AND REGULATION D, RULE 506 FOR TRANSACTIONS NOT INVOLVING A PUBLIC OFFERING UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”). THIS OFFERING IS BEING MADE ONLY TO ACCREDITED INVESTORS. NONE OF THE SECURITIES TO WHICH THIS SUBSCRIPTION RELATES HAVE BEEN REGISTERED UNDER THE SECURITIES ACT, OR ANY U.S. STATE SECURITIES LAWS, AND,
UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION D UNDER THE SECURITIES ACT, 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 EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES
MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE SECURITIES ACT. 
 CONFIDENTIAL 

PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT 
  

	TO:	FNDS3000 Corp (the “Company”) 

 4651 Salisbury Road, Suite 533 
 Jacksonville, FL 32256 

United States of America 
 Purchase of Securities 
 1. Subscription 

 

	1.1	The undersigned (the “Subscriber”) hereby irrevocably subscribes for and agrees to purchase (i) 3,333,334 shares of the common stock of the
Company (the “Shares”); and (ii) 3,333,334 common stock purchase warrants with an exercise price of USD $0.30 (the “Warrants”) (such subscription and agreement to purchase being the
“Subscription”), for an aggregate purchase price of USD $500,000 (the “Subscription Proceeds”). Each Warrant will entitle the holder to purchase one additional Share (the “Underlying Shares”)
for a period of 24 months from the Closing Date (as defined below). The Shares, Warrants and Underlying Shares are together referred to herein as the “Securities.” 

 

	1.2	On the basis of the representations and warranties and subject to the terms and conditions set forth herein, the Company hereby irrevocably agrees to sell the Shares,
Warrants and Underlying Shares to the Subscriber. 

  

	1.3	Subject to the terms hereof, the Subscription will be effective upon its acceptance by the Company. 

 

	1.4	The form of Warrant is attached hereto as Exhibit A. 

  

	1.5	Upon consummation of the transaction contemplated herein, the Company and the Subscriber both acknowledge and agree that the obligations of Subscriber as set forth in
the Commitment Agreement (the “Commitment Agreement”) dated October 19, 2010 by and between Subscriber and Company, as such obligations relate to Tranche 4 (as defined in the Commitment Agreement), have been satisfied in full.

 2. Payment  
  

	2.1	The Subscription Proceeds must accompany this Subscription and shall be paid by certified check or bank draft drawn on a United States chartered bank, and made payable
and delivered to the Company. Alternatively, the Subscription Proceeds may be wired to the Company pursuant to wiring instructions that will be provided to the Subscriber upon request. 

 

	2.2	The Subscriber acknowledges and agrees that this Agreement, the Subscription Proceeds and any other documents delivered in connection herewith will be held on behalf of
the Company. In the event that this Agreement is not accepted by the Company for whatever reason, which the Company expressly reserves the right to do, within 30 days of the delivery of an executed Agreement by the Subscriber, this Agreement, the
Subscription Proceeds (without interest thereon) and any other documents delivered in connection herewith will be returned to the Subscriber at the address of the Subscriber as set forth in this Agreement. 

 

	2.3	Where the Subscription Proceeds are paid to the Company, the Company is entitled to treat such Subscription Proceeds as an interest-free loan to the Company until such
time as the Subscription is accepted and the certificates representing the Shares have been issued to the Subscriber. 

 3.
Documents Required from Subscriber 
  

	3.1	The Subscriber must complete, sign and return to the Company an executed copy of this Agreement. 

 

	3.2	The Subscriber shall complete, sign and return to the Company as soon as possible, on request by the Company, any documents, questionnaires, notices and undertakings as
may be required by regulatory authorities, and applicable law. 

 4. Closing. Closing of the purchase of the
Securities (the “Closing”) shall occur on or before May 12, 2011 or on such other date as may be determined by the Company (the “Closing Date”). 
 5. Acknowledgements of Subscriber 
  

	5.1	The Subscriber acknowledges and agrees that: 

  

	 	(a)	none of the Securities have been registered under the 1933 Act, or under any state securities or “blue sky” laws of any state of the United States, and,
unless so registered, may not be offered or sold in the United States or, directly or indirectly, except in accordance with the provisions of, and pursuant to an effective registration statement under, the 1933 Act, or pursuant to an exemption from,
or in a transaction not subject to, the registration requirements of the 1933 Act, and in each case in accordance with applicable state securities laws; 

  

	 	(b)	the decision to execute this Agreement and acquire the Securities hereunder has not been based upon any oral or written representation as to fact or otherwise made by
or on behalf of the Company; 

  

					
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	 	(c)	neither the Securities and Exchange Commission nor any other securities commission or similar regulatory authority has reviewed or passed on the merits of the
Securities; 

  

	 	(d)	there is no government or other insurance covering any of the Securities; 

  

	 	(e)	there are risks associated with an investment in the Securities; 

  

	 	(f)	the Subscriber has not acquired the Securities as a result of, and will not itself engage in, any “directed selling efforts” (as defined under the 1933 Act)
in the United States in respect of the Securities which would include any activities undertaken for the purpose of, or that could reasonably be expected to have the effect of, conditioning the market in the United States for the resale of any of the
Securities; provided, however, that the Subscriber may sell or otherwise dispose of the Securities pursuant to registration thereof under the 1933 Act and any applicable state securities laws or under an exemption from such registration
requirements; 

  

	 	(g)	the Subscriber and the Subscriber’s advisor(s) have had a reasonable opportunity to ask questions of and receive answers from the Company in connection with the
distribution of the Securities hereunder, and to obtain additional information, to the extent possessed or obtainable without unreasonable effort or expense, necessary to verify the accuracy of information about the Company;

  

	 	(h)	the books and records of the Company were available upon reasonable notice for inspection, subject to certain confidentiality restrictions, by the Subscriber during
reasonable business hours at its principal place of business, and all documents, records and books in connection with the distribution of the Securities hereunder have been made available for inspection by the Subscriber, the Subscriber’s
lawyer and/or advisor(s); 

  

	 	(i)	the Subscriber will indemnify and hold harmless the Company and, where applicable, its directors, officers, employees, agents, advisors and shareholders, from and
against any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all fees, costs and expenses whatsoever reasonably incurred in investigating, preparing or defending against any claim, lawsuit,
administrative proceeding or investigation whether commenced or threatened) arising out of or based upon any representation or warranty of the Subscriber contained herein or in any document furnished by the Subscriber to the Company in connection
herewith being untrue in any material respect or any breach or failure by the Subscriber to comply with any covenant or agreement made by the Subscriber to the Company in connection therewith; 

 

	 	(j)	the Company will refuse to register any transfer of the Securities not made in accordance with, or pursuant to an effective registration statement under, the 1933 Act
or pursuant to an available exemption from the registration requirements of the 1933 Act and in accordance with applicable state securities laws; 

  

	 	(k)	the Subscriber has been advised to consult the Subscriber’s own legal, tax and other advisors with respect to the merits and risks of an investment in the
Securities and with respect to applicable resale restrictions, and it is solely responsible (and the Company is not in any way responsible) for compliance with: 

 

	 	(i)	any applicable laws of the jurisdiction in which the Subscriber is resident in connection with the distribution of the Securities hereunder, and

  

					
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	 	(ii)	applicable resale restrictions; 

  

	 	(l)	this Agreement is not enforceable by the Subscriber unless it has been accepted by the Company, and the Subscriber acknowledges and agrees that the Company reserves the
right to reject any subscription for any reason. 

 6. Representations, Warranties and Covenants of the
Subscriber. The Subscriber hereby represents and warrants to and covenants with the Company (which representations, warranties and covenants shall survive the Closing Date) that: 

 

	 	(a)	the Subscriber has the legal capacity and competence to enter into and execute this Agreement and to take all actions required pursuant hereto and, if the Subscriber is
a corporation or other legal entity, it is duly incorporated or organized and validly existing and in good standing under the laws of its jurisdiction of incorporation or organization and all necessary approvals by its directors, shareholders,
members, managers, owners and others have been obtained to authorize execution and performance of this Agreement on behalf of the Subscriber; 

  

	 	(b)	the entering into of this Agreement and the transactions contemplated hereby do not result in the violation of any of the terms and provisions of any law applicable to
the Subscriber or of any agreement, written or oral, to which the Subscriber may be a party or by which the Subscriber is or may be bound; 

  

	 	(c)	the Subscriber has duly executed and delivered this Agreement, and it constitutes a valid and binding agreement of the Subscriber enforceable against the Subscriber in
accordance with its terms; 

  

	 	(d)	the Subscriber is acquiring the Securities as principal for the Subscriber’s own account, and not with a view to, or for, resale, distribution or fractionalization
thereof, in whole or in part, and no other person has a direct or indirect beneficial interest in such Securities; 

  

	 	(e)	the Subscriber is not an underwriter of, or dealer in, the common shares of the Company, nor is the Subscriber participating, pursuant to a contractual agreement or
otherwise, in the distribution of the Securities; 

  

	 	(f)	the Subscriber (i) is able to determine for him/her/itself the propriety of the Subscription; (ii) has such knowledge and experience in business matters as to
be capable of evaluating the merits and risks of its prospective investment in the Securities; and (iii) has the ability to bear the economic risks of its prospective investment and can afford the complete loss of such investment;

  

	 	(g)	the Subscriber acknowledges that the Subscriber has not acquired the Securities as a result of, and will not itself engage in, any “directed selling efforts”
(as defined under the 1933 Act) in the United States in respect of the Securities which would include any activities undertaken for the purpose of, or that could reasonably be expected to have the effect of, conditioning the market in the United
States for the resale of the Securities; provided, however, that the Subscriber may sell or otherwise dispose of the Securities pursuant to registration of the Securities pursuant to the 1933 Act and any applicable state securities laws or under an
exemption from such registration requirements and as otherwise provided herein; 

  

					
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	 	(h)	The Subscriber understands that the offer and sale of the Securities is not being registered under the 1933 Act based on the exemption from registration provided by
Rule 506 promulgated under Section 4(2) of the Securities Act and that the Company is relying on such exemption. 

  

	 	(i)	the Subscriber understands and agrees not to engage in any hedging transactions involving any of the Securities unless such transactions are in compliance with the
provisions of the 1933 Act and in each case only in accordance with applicable state securities laws; 

  

	 	(j)	the Subscriber understands and agrees that the Company will refuse to register any transfer of the Securities not made in accordance with, and pursuant to an effective
registration statement under, the 1933 Act or pursuant to an available exemption from the registration requirements of the 1933 Act; 

  

	 	(k)	the Subscriber is not aware of any advertisement of any of the Securities and is not acquiring the Securities as a result of any form of general solicitation or general
advertising including advertisements, articles, notices or other communications published in any newspaper, magazine or similar media or broadcast over radio or television, or any seminar or meeting whose attendees have been invited by general
solicitation or general advertising; 

  

	 	(l)	the Subscriber has completed the Accredited Investor Questionnaire attached hereto as Exhibit B in a complete and accurate fashion; and 

 

	 	(m)	no person has made to the Subscriber any written or oral representations: 

  

	 	(i)	that any person will resell or repurchase any of the Securities, 

  

	 	(ii)	that any person will refund the purchase price of any of the Securities, or 

 

	 	(iii)	as to the future price or value of any of the Securities. 

  

	 	(n)	The Subscriber has reviewed the Company’s filings with the Securities and Exchange Commission, understands the business of the Company and has been afforded an
opportunity to ask questions of management. 

  

	 	(o)	The Subscriber has carefully read the Company’s filings with the Securities and Exchange Commission. The Subscriber has been given the opportunity to ask questions
of, and receive answers from, the Company concerning the terms and conditions of this offering and to obtain such additional information, to the extent the Company possesses such information or can acquire it without unreasonable effort or expense,
necessary to verify the accuracy of same as the undersigned reasonably desires in order to evaluate the investment. The Subscriber has had the opportunity to discuss any questions regarding any disclosure in the Company’s filings with
Subscriber’s counsel or other advisor. The Subscriber does not desire to receive any further information. 

  

	 	(p)	The Subscriber is aware that the purchase of the Securities is a speculative investment involving a high degree of risk, that there is no guarantee that the undersigned
will realize any gain from this investment, and that the undersigned could lose the total amount of this investment. 

  

					
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	 	(q)	The Subscriber represents that if an individual, he or she has adequate means of providing for his or her current needs and personal and family contingencies and has no
need for liquidity in this investment in the Securities. The Subscriber has no reason to anticipate any material change in his or her personal financial condition for the foreseeable future. 

 

	 	(r)	The Subscriber is financially able to bear the economic risk of this investment, including the ability to hold the Securities indefinitely, or to afford a complete loss
of the investment in the Securities. 

  

	 	(s)	The Subscriber represents that the undersigned’s overall commitment to investments which are not readily marketable is not disproportionate to the
Subscriber’s net worth, and the Subscriber’s investment in the Securities will not cause such overall commitment to become excessive. The undersigned understands that the statutory basis on which the Securities are being sold to the
undersigned and others would not be available if the undersigned’s present intention were to hold the Securities for a fixed period or until the occurrence of a certain event. The undersigned realizes that in the view of the Securities and
Exchange Commission (the “Commission”), a purchase now with a present intent to resell by reason of a foreseeable specific contingency or any anticipated change in the market value, or in the condition of the Company, or that of the
industry in which the business of the Company is engaged or in connection with a contemplated liquidation, or settlement of any loan obtained by the undersigned for the acquisition of the Subscriber, and for which such Securities may be pledged as
security or as donations to religious or charitable institutions for the purpose of securing a deduction on an income tax return, would, in fact, represent a purchase with an intent inconsistent with the undersigned’s representations to the
Company, and the Commission would then regard such sale as a sale for which the exemption from registration is not available. The undersigned will not pledge, transfer or assign this Subscription Agreement. 

7. Acknowledgement and Waiver. The Subscriber has acknowledged that the decision to purchase the Securities was solely made on the basis of
available information provided to the Subscriber. The Subscriber hereby waives, to the fullest extent permitted by law, any rights of withdrawal, rescission or compensation for damages to which the Subscriber might be entitled in connection with the
distribution of the Securities. 

  

					
		 	6	 	 Fnds3000-Sherington Holdings

May 2011 Subscription Agreement
 8874718

 8. Representations and Warranties will be Relied Upon by the Company. The Subscriber
acknowledges that the representations and warranties contained herein are made by the undersigned with the intention that they may be relied upon by the Company and its legal counsel in determining the undersigned’s eligibility to acquire the
Securities under relevant legislation. The undersigned further agrees that by accepting delivery of the Securities, the undersigned will be representing and warranting that the foregoing representations and warranties are true and correct as at the
time of delivery of such Securities with the same force and effect as if they had been made by the undersigned at such time, and that they shall survive the completion of the transactions contemplated under this Subscription and remain in full force
and effect thereafter for the benefit of the Company for a period of one year. 
 9. Legend 

 

	9.1	The Subscriber hereby acknowledges that upon the issuance thereof, and until such time as the same is no longer required under the applicable securities laws and
regulations, the certificates representing the Shares and Underlying Shares will bear a legend in substantially the following form: 

 THESE SECURITIES HAVE BEEN ISSUED PURSUANT TO THE SECTION 4(2) EXEMPTION TO THE REGISTRATION PROVISIONS UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THESE SECURITIES CANNOT BE TRANSFERRED, OFFERED, OR
SOLD UNLESS THE SECURITIES ARE REGISTERED UNDER THE SECURITIES ACT OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IS AVAILABLE. 
  

	9.2	Subscriber hereby acknowledges and agrees to the Company making a notation on its records or giving instructions to the registrar and transfer agent of the Company in
order to implement the restrictions on transfer set forth and described in this Agreement. 

 10. Costs. The Company
shall be responsible for, and shall either pay directly or reimburse Subscriber for, one-half (1/2) of Subscriber’s expenses (including any fees and disbursements of any special counsel retained by the Subscriber) incurred in connection
with this Agreement and the transactions contemplated hereby. 
 11. Governing Law. This Agreement is governed by the laws of the
State of Florida. The Subscriber, in its personal or corporate capacity and, if applicable, on behalf of each beneficial purchaser for whom it is acting, irrevocably attorns to the jurisdiction of the courts of the State of Florida. 

12. Survival. This Agreement, including without limitation the representations, warranties and covenants contained herein, shall survive
and continue in full force and effect and be binding upon the parties hereto notwithstanding the completion of the purchase of the Securities by the Subscriber pursuant hereto. 
 13. Assignment. This Agreement is not transferable or assignable. 
 14.
Severability. The invalidity or unenforceability of any particular provision of this Agreement shall not affect or limit the validity or enforceability of the remaining provisions of this Agreement. 

15. Entire Agreement. Except as expressly provided in this Agreement and in the agreements, instruments and other documents contemplated or
provided for herein, this Agreement contains the entire agreement between the parties with respect to the sale of the Securities and there are no other terms, conditions, representations or warranties, whether expressed, implied, oral or written, by
statute or common law, by the Company or by anyone else. 

  

					
		 	7	 	 Fnds3000-Sherington Holdings

May 2011 Subscription Agreement
 8874718

 16. Notices. All notices and other communications hereunder shall be in writing and shall be
deemed to have been duly given if mailed or transmitted by any standard form of telecommunication. Notices to the Subscriber shall be directed to the address on the signature page of this Agreement and notices to the Company shall be directed to it
at FNDS3000 Corp, 4651 Salisbury Road, Suite 533, Jacksonville, FL 32256, U.S.A. Attention: Joseph F. McGuire, Chief Financial Officer; copy to: Fleming PLLC, 49 Front Street, Suite 206, Rockville Centre, New York 11570, Attention: Stephen M.
Fleming, Esq. 
 17. Counterparts and Electronic Means. This Agreement may be executed in any number of counterparts, each of
which, when so executed and delivered, shall constitute an original and all of which together shall constitute one instrument. Delivery of an executed copy of this Agreement by electronic facsimile transmission or other means of electronic
communication capable of producing a printed copy will be deemed to be execution and delivery of this Agreement as of the date hereinafter set forth. 
 18. Currency. Unless otherwise provided, all dollar amounts referred to in this Agreement are in lawful money of the United States of America. 

(signatures on the following page) 

  

					
		 	8	 	 Fnds3000-Sherington Holdings

May 2011 Subscription Agreement
 8874718

 IN WITNESS WHEREOF the Subscriber has duly executed this Agreement as of the date of acceptance by
the Company. 
  

			
	 SHERINGTON HOLDINGS, LLC

	(Name of Subscriber – Please type or print)
	
	 /s/ Raymond L. Goldsmith

	Name:	 	Raymond L. Goldsmith
	Title:	 	Sole Member
	
	  

	(Address of Subscriber)
	
	  

	(City, State or Province, Postal Code of Subscriber)
	
	  

	(Country of Subscriber)

A C C E P T A N C E 
 The
above-mentioned Agreement in respect of the Securities is hereby accepted by FNDS3000 Corp as of the 12th day of May, 2011. 
  

			
	FNDS3000 CORP
		
	Per:	 	 /s/ Joseph F. McGuire

		 	Name: Joseph F. McGuire
		 	Title: Chief Financial Officer

  

					
		 	9	 	 Fnds3000-Sherington Holdings

May 2011 Subscription Agreement
 8874718

 EXHIBIT A 

Form of Warrant 

(attached) 

  

					
		 	10	 	 Fnds3000-Sherington Holdings

May 2011 Subscription Agreement
 8874718

 EXHIBIT B 

Accredited Investor Questionnaire 
 The Company will rely on the information contained in this Questionnaire. 
 The undersigned
Subscriber covenants, represents and warrants to the Company that: 
  

	 	1.	the Subscriber has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of the Transaction and the
Subscriber is able to bear the economic risk of loss arising from such Transaction; 

  

	 	2.	The Subscriber is an “accredited investor” as that term is defined in Regulation D promulgated under the Securities Act by virtue of being (initial all
applicable responses) 

  

			
	
                   
	  	A small business investment company licensed by the U.S. Small Business Administration under the Small Business Investment Company Act of 1958,
		
	
                   
	  	A business development company as defined in the Investment Company Act of 1940,
		
	
                   
	  	A national or state-chartered commercial bank, whether acting in an individual or fiduciary capacity,
		
	
                   
	  	An insurance company as defined in Section 2(13) of the Securities Act,
		
	
                   
	  	An investment company registered under the Investment Company Act of 1940,
		
	
                   
	  	An employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974, where the investment decision is made by a plan fiduciary, as
defined in Section 3(21) of such Act, which is either a bank, insurance company, or registered investment advisor, or an employee benefit plan which has total assets in excess of $5,000,000,
		
	
                   
	  	A private business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940,
		
	
                   
	  	An organization described in Section 501(c)(3) of the Internal Revenue Code, a corporation or a partnership with total assets in excess of $5,000,000,
		
	
                  
 
	  	A natural person (as opposed to a corporation, partnership, trust or other legal entity) whose net worth, or joint net worth together with his/her spouse, exceeds $1,000,000 but
only if the net worth threshold can be met without including the value of the person’s primary residence,
		
	
                   
	  	Any trust, with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities offered, whose purchase is directed by a sophisticated person
as described in Section 506(b)(2)(ii) of Regulation D,
		
	
                   
	  	A natural person (as opposed to a corporation, partnership, trust or other legal entity) whose individual income was in excess of $200,000 in each of the two most recent years (or
whose joint income with such person's spouse was at least $300,000 during such years) and who reasonably expects an income in excess of such amount in the current year, or
		
	
                   
	  	A corporation, partnership, trust or other legal entity (as opposed to a natural person) and all of such entity's equity owners fall into one or more of the categories
enumerated above;

  

					
		 	11	 	 Fnds3000-Sherington Holdings

May 2011 Subscription Agreement
 8874718

 The Subscriber acknowledges and agrees that the Subscriber may be required by the Company to provide such
additional documentation as may be reasonably required by the Company and its legal counsel in determining the Subscriber’s eligibility to acquire the Securities under relevant securities legislation. 

IN WITNESS WHEREOF, the undersigned has executed this Questionnaire as of the 12th day of May, 2011. 

 

					
	If a Corporation, Partnership or Other Entity:	 		 	If an Individual:
			
	 SHERINGTON HOLDINGS, LLC
	 		 	  

	Print or Type Name of Entity	 		 	Signature
			
	By: /s/ Raymond L. Goldsmith	 		 	  

	 Signature of Authorized Signatory
 Name: Raymond L. Goldsmith
 Title: Sole Member
	 		 	Print or Type Name
			
	 Florida limited liability company
	 		 	
	Type of Entity	 		 	

  

					
		 	12	 	 Fnds3000-Sherington Holdings

May 2011 Subscription Agreement
 8874718

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