Document:

Exhibit

Exhibit 10.22

CEDAR FAIR, L.P. 2016 OMNIBUS INCENTIVE PLAN
PERFORMANCE AWARD DECLARATION 
This Performance Unit Award Declaration (“Declaration”) is made pursuant to the terms and conditions of the Cedar Fair, L.P. 2016 Omnibus Incentive Plan (the “Plan”), including (without limitation) Article IX, the provisions of which are incorporated into this Declaration by reference.  Capitalized terms used herein shall have the meanings used in the Plan, unless indicated otherwise.

1.Performance Award in General.  Participant’s Performance Unit Award (the “Award”) is outlined in the attached Notice of Performance Unit Award. Participant shall be eligible to receive the number of potential Performance Units as specified in the Notice of Performance Award of Cedar Fair, L.P. for the identified Performance Period, as determined and adjusted pursuant to the Performance Objectives as adopted by the Committee;  provided that (i) the number of Performance Units to be paid will depend on the level of attainment of the Performance Objectives set forth in the Performance Objectives as determined by the Committee following the end of the Performance Period, and (ii) Participant must remain in the continuous employment with the Company or an Affiliate through the Payment Date as defined in and subject to Section 2 of this Agreement.

2.Payment Date.  If the performance objectives set forth in the Performance Objectives are achieved during the Performance Period, any Performance Units that become payable under Section 1 plus  Distribution Equivalents, on such number of Performance Units that become payable, if and to the extent the Company makes distributions on its Units after the grant date and prior to payment of the Performance Units (which for purposes of this Declaration shall be deemed to have been reinvested), shall be paid in a lump sum in Units in the first ninety (90) days ____; provided that any payment to a Specified Employee upon a Separation from Service (including Retirement) shall only be paid in accordance with Section 9.6 of the Plan (the actual date of payment is referred to herein as the “Payment Date”); and provided, further, that the Participant must be continuously employed by the Company or an Affiliate throughout the Performance Period and from the last day of the Performance Period through the Payment Date or will forfeit his entire Performance Award, except as described in the following paragraph, Section 4, or as provided in Section 13.1 of the Plan.
If the performance objectives as set forth in the Performance Objectives are achieved and the Participant dies or incurs a Separation from Service due to Disability prior to the Payment Date specified in the preceding paragraph, the Participant (or the Participant’s estate) shall receive payments on the Payment Date as provided in the preceding paragraph as if the Participant were employed by the Company or an Affiliate on the relevant Payment Date; provided, however, that any such payments will be prorated as of the date of death or Separation of Service due to Disability if the death or Separation of Service due to Disability occurs during the Performance Period.  If the performance objectives set forth in the Performance Objectives are achieved and the Participant Retires (and incurs a Separation from Service) prior to the Payment Date, the Performance Award shall be paid on the Payment Date as provided in the preceding paragraph (including that any payment to a Specified Employee upon a Separation from Service (including Retirement) shall only be paid after a six- (6-) month period following such Participant’s Separation from Service); provided, however, that any such payments will be prorated as of the date of Separation of Service due to Retirement if the Separation of Service due to Retirement occurs during the Performance Period.
Except as permitted by Section 409A (including Section 13.1(c) of the Plan), no payment shall be accelerated.  If the Performance Award becomes payable under Section 13.1(c) of the Plan, payment will be at the target number of potential Performance Units. 

3.Tax Matters and Withholding.  To the extent permitted by applicable securities laws, the Company, the Participant’s employer or their agent(s) shall withhold all required local, state, federal, and other taxes and any other amount required to be withheld by any governmental authority or law from the Units issued pursuant to the Award, and Units issued hereunder shall be retained by, surrendered back to or reacquired by the Company or an Affiliate as necessary in order to accomplish the foregoing, with the number of Performance Units to be delivered after the completion of the Performance Period being reduced accordingly.  The number of Units to be withheld shall have a Fair Market Value equal to the amount required to be withheld as of the date that the amount is withheld.  The Participant will execute such other documentation as may be necessary or appropriate to accomplish the foregoing.  Prior to such withholding, in accordance with procedures established by or agreement of the Committee or the Participant’s employer, the Participant may arrange to pay all applicable withholdings in cash on the due date of such withholdings.  To the extent applicable law does not permit the withholding of Units, the Participant shall pay all applicable withholdings in cash on the due date of such withholdings.

76

4.Priority of Agreements.  In the event of a Change in Control (as such term is defined the Plan), the terms of Section 13 of the Plan shall govern and control over any conflicting term of this Declaration.  However, if Participant is party to an employment agreement with the Company and there is a conflict between the terms of that employment agreement and the terms of this Declaration or the Plan, then the terms of the employment agreement control.

********
(The balance of this page was intentionally left blank)

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IN WITNESS WHEREOF, Magnum Management Corporation, a subsidiary of Cedar Fair, L.P., has caused this Declaration to be executed by its duly authorized officer as approved by the Committee.
	
		
	 
	MAGNUM MANAGEMENT CORPORATION

By:  

Title:  

Date:  

A copy of the Cedar Fair, L.P. 2016 Omnibus Incentive Plan Information Statement is available for review on the Cedar Fair Intranet link at http://cfnet/ under “Document Share”, and a copy of the most current Form 10-K is available for review at http://ir/cedarfair.com/financial-reports/annual-reports/default.aspx.

78

Notice of Performance Unit Award of Cedar Fair, L.P.

Company Name    
Plan    
Participant Id    
Participant Name    
Participant Address    
Grant/Award Type    
Award Amount    
Grant/Award Price        
Grant/Award Date    
Expiration Date    

VESTING SCHEDULE

	
			
	Vesting Date
	No. of Shares
	Percent

	 
	 
	 

	 
	 
	 

	 
	 
	 

79Exhibit 10.5

 

SUBSCRIPTION
AGREEMENT

 

This
SUBSCRIPTION AGREEMENT (this “Subscription Agreement”) is made by and between DanDrit Biotech USA, Inc. a Delaware
corporation (the “Company”), and the undersigned (“Subscriber”) as of the date this Subscription
Agreement is accepted by the Company, as set forth on the Company’s signature page hereto.

 

WHEREAS,
subject to the terms and conditions set forth in this Agreement, and pursuant to Section 4(a)(2) of the Securities Act of
1933, as amended (the “Securities Act”) and/or Rule 506(b) promulgated thereunder, the Company desires
to issue and sell to the Subscriber, and the Subscriber desires to purchase from the Company, that number of shares of the Company’s
common stock, $0.0001 par value per share (“Common Stock”) set forth on the signature page hereto, to persons
who are “accredited investors” (as defined in Rule 501 of Regulation D under the Securities Act), in a private placement
(the “Offering”); and

 

WHEREAS,
the Subscriber understands that the Offering is being made without registration of the Common Stock under the Securities Act of
1933, as amended (the “Securities Act”), or any securities law of
any state of the United States or of any other jurisdiction, and is being made only to “accredited investors”.

 

NOW,
THEREFORE, for and in consideration of the premises and the mutual covenants hereinafter set forth, the parties hereto do hereby
agree as follows:

 

1.
Subscription for Shares.

 

(a)
Subscription for Shares. Subject to the terms and conditions hereinafter set forth, Subscriber hereby irrevocably subscribes
for and agrees to purchase from the Company such amounts of Common Stock as is set forth on the signature page hereof (the “Shares”)
at a price per Share and for an aggregate purchase price as set forth on the signature page hereof (the “Purchase Price”),
and the Company agrees to sell such Shares to Subscriber for the Purchase Price, subject to the Company’s right, in its
sole discretion, to reject this subscription, in whole or in part, at any time prior to the Closing (as defined below). Subscriber
acknowledges that Subscriber is not entitled to cancel, terminate or revoke this Subscription Agreement. Subscriber further acknowledges
that the Shares will be subject to restrictions on transfer as set forth in this Subscription Agreement.

 

2.
Terms of Subscription.

 

(a)
Payment. Subscriber shall make payment for the Shares to an account designated by the Company in an amount equal to the
Purchase Price by wire transfer of immediately available funds at or prior to the Closing.

 

(b) Acceptance
of Subscription and Issuance of Shares. It is understood and agreed that the Company shall have the sole right, at its
complete discretion, to accept or reject this subscription, in whole or in part, for any reason and that the same shall be
deemed to be accepted by the Company only when it is signed by a duly authorized officer of the Company and delivered to the
undersigned at the Closing (as defined below). Notwithstanding anything in this Subscription Agreement to the contrary, the
Company shall have no obligation to issue any of the Shares to any person who is a resident of a jurisdiction in which the
issuance of Shares to such person would constitute a violation of the securities, “blue sky” or other similar
laws.

 

     

     

    

 

(b)
Closing. The Offering may be consummated at such place (or by electronic transmission) as may be mutually agreed upon by
the parties at a closing (the “Closing”) to occur on a date as may be determined by the Company, at a time
as may be determined by the Company. Subsequent closings may occur at the discretion of the Company.

 

(c)
Closing Deliverables. At the Closing: (i) Subscriber shall deliver the Purchase Price; and (ii) the Company shall deliver
a share certificate representing the Shares to Subscriber that bears an appropriate legend referring to the fact that the Shares
are subject to transfer restrictions as set forth in the Securities Act.

 

3.
Representations and Warranties of Subscriber.

 

Subscriber
represents and warrants to the Company that:

 

(a)
Reliance on Exemptions. Subscriber understands that the Shares are being offered and sold in reliance upon specific exemptions
from registration provided in the Securities Act, and upon exemptions from registration under State securities laws, and acknowledges
that the Offering has not been reviewed by the Securities and Exchange Commission or any state agency because it is intended to
be a nonpublic offering exempt from the registration requirements of the Securities Act and State securities laws. Subscriber
understands that the Company is relying upon, and intends that the Company rely upon, the truth and accuracy of, and Subscriber’s
compliance with, the representations, warranties, agreements, acknowledgments and understandings of Subscriber set forth herein
in order to determine the availability of such exemptions and the eligibility of Subscriber to acquire the Shares.

 

(b)
Investment Purpose. The undersigned is an “accredited investor”, and the Shares are being purchased for Subscriber’s
own account, for investment purposes only and not for distribution or resale to others in contravention of the registration requirements
of the Securities Act. Subscriber agrees that it will not sell or otherwise transfer the Shares unless they are registered under
the Securities Act or unless an exemption from such registration is available under the Securities Act and permitted by the certificate
of incorporation of the Company. Subscriber has no contract, undertaking, agreement, or arrangement with any person to sell, distribute,
transfer, or pledge to such person or anyone else the Shares which Subscriber hereby subscribes to purchase, or any interest therein,
and Subscriber has no present plans to enter into any such contract, undertaking, agreement, or arrangement. Subscriber agrees
that the Company and its affiliates shall not be required to give effect to any purported transfer of such Shares except upon
compliance with the foregoing restrictions.

 

    	 	- 2 -	 

     

    

 

(c)
Accredited Investor. Subscriber is an “accredited investor” as such term is defined in Rule 501 of Regulation
D promulgated under the Securities Act, as amended to date, a summary of which is attached hereto as Exhibit B,
and Subscriber is able to bear the economic risk of any investment in the Shares and in the Company. Subscriber shall complete
and deliver to the Company prior to Closing, an executed copy of the Accredited Investor Questionnaire attached hereto as Exhibit
A.

 

(d)
Risk of Investment. Subscriber recognizes that the purchase of the Shares involves a high degree of risk in that: (i) an
investment in the Company is highly speculative and only investors who can afford the loss of their entire investment should consider
investing in the Company and the Shares; (ii) transferability of the Shares is limited; and (iii) the Company may require substantial
additional funds to operate its business and there can be no assurance that the Offering will be completed.

 

(e)
Use of Proceeds. Subscriber understands that the net proceeds of the Offering will be used to finance the acquisition by
the Company of Enochian Biopharma, Inc. and related professional costs associated with such acquisition.

 

(f)  
Prior Investment Experience. Subscriber understands the business in which the Company is engaged and has such knowledge
and experience in business and financial matters that Subscriber is capable of evaluating the merits and risks of the investment
in the Shares. Subscriber has prior investment experience, and Subscriber recognizes the highly speculative nature of this investment.

 

(g)
Information and Non-Reliance.

 

(i) Subscriber acknowledges that Subscriber has carefully reviewed this Subscription Agreement, which Subscriber acknowledges has
been provided to Subscriber. 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 the Subscription Agreement 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 Subscriber reasonably desires in order to evaluate the investment. Subscriber understands the Subscription
Agreement, and Subscriber has had the opportunity to discuss any questions regarding the Subscription Agreement with Subscriber’s
counsel or other advisor. Notwithstanding the foregoing, the only information upon which Subscriber has relied is that set forth
in the Subscription Agreement and the results of independent investigation by Subscriber. Subscriber has received no representations
or warranties from the Company, its employees, agents or attorneys in making this investment decision other than as set forth
in the Subscription Agreement. Subscriber does not desire to receive any further information.

 

(ii)
The Subscriber represents that it is not relying on (and will not at any time rely on) any communication (written or oral)
of the Company, as investment advice or as a recommendation to purchase the Shares, it being understood that information and
explanations related to the terms and conditions of the Shares and the Subscription Agreement shall not be considered
investment advice or a recommendation to purchase the Shares.

 

    	 	- 3 -	 

     

    

 

(iii)
The Subscriber confirms that the Company has not (i) given any guarantee or representation as to the potential success,
return, effect or benefit (either legal, regulatory, tax, financial, accounting or otherwise) of an investment in the Shares
or (ii) made any representation to the Subscriber regarding the legality of an investment in the Shares under applicable
legal investment or similar laws or regulations. In deciding to purchase the Shares, the Subscriber is not relying on the
advice or recommendations of the Company and the Subscriber has made its own independent decision that the investment in the
Shares is suitable and appropriate for the Subscriber.

 

(h)
Tax Consequences. Subscriber acknowledges that the Offering may involve tax consequences and that the contents of the Subscription
Agreement do not contain tax advice or information. Subscriber acknowledges that Subscriber must retain Subscriber’s own
professional advisors to evaluate the tax and other consequences of an investment in the Shares. Subscriber intends to acquire
the Shares without regard to tax consequences.

 

(i)
Transfer or Resale. The Subscriber is acquiring the Shares solely for the Subscriber’s own
beneficial account, for investment purposes, and not with a view to, or for resale in connection with, any distribution of
the Shares. Subscriber understands that the Shares have not been registered under the Securities Act or the securities laws
of any state and, as a result thereof, are subject to substantial restrictions on transfer. Subscriber acknowledges that
Subscriber may be precluded from selling or otherwise disposing of the Shares for an indefinite period of time. Subscriber
understands and hereby acknowledges that the Company is under no obligation to register the Shares under the Securities Act.
Subscriber consents that the Company may, if it desires, permit the transfer of the Shares out of Subscriber’s name
only when Subscriber’s request for transfer is accompanied by an opinion of counsel reasonably satisfactory to the
Company that neither the sale nor the proposed transfer results in a violation of the Securities Act or any applicable state
“blue sky” laws.

 

(j) No General Solicitation. Subscriber was not induced to invest in the Company or in the Shares by any form of general solicitation
or general advertising including, but not limited to, the following: (i) any advertisement, article, notice or other communication
published in any newspaper, magazine or similar media or broadcast over the news or radio; (ii) any seminar or meeting whose attendees
were invited by any general solicitation or advertising; and (iii) any “general solicitation” within the United States,
as such term is used in Regulation D promulgated under the Securities Act.

 

(k)
Due Authorization; Enforcement. Subscriber has all requisite power and authority (and in the case of an individual, capacity)
to purchase and hold the Shares, to execute, deliver and perform Subscriber’s obligations under this Subscription Agreement
and when executed and delivered by Subscriber, this Subscription Agreement will constitute legal, valid and binding agreements
of Subscriber enforceable against Subscriber in accordance with their terms, except as enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ and contracting parties’ rights
generally, and except as enforceability may be subject to general principles of equity (regardless of whether such enforceability
is considered in a proceeding in equity or at law).

 

    	 	- 4 -	 

     

    

 

(l) Address.
The residence address of Subscriber furnished by Subscriber on the signature page hereto is Subscriber’s principal
residence if Subscriber is an individual or its principal business address if it is a corporation, partnership, trust or
other entity.

 

(m) Compliance
with Laws. The Subscriber will comply with all applicable laws and regulations in effect in any jurisdiction in which the
Subscriber purchases or sells Shares and obtain any consent, approval or permission required for such purchases or sales
under the laws and regulations of any jurisdiction to which the Subscriber is subject or in which the Subscriber makes
such purchases or sales, and the Company shall have no responsibility therefore.

 

(n)
Accuracy of Representations and Warranties. The information set forth herein concerning Subscriber is true and correct.
The Subscriber understands that, unless the Subscriber notifies the Company in writing to the contrary at or before the Closing,
each of the Subscriber’s representations and warranties contained in this Subscription Agreement will be deemed to have
been reaffirmed and confirmed as of the Closing, taking into account all information received by the Subscriber.

 

(o)
Entity Representation. If Subscriber is a corporation, partnership, trust or other entity, such entity further represents
and warrants that it was not formed for the purpose of investing in the Company.

 

(p)
Confidentiality. Subscriber has executed and delivered to the Company the Confidentiality Agreement attached hereto
as Exhibit C.

 

4.
Representations and Warranties of the Company.

 

The
Company represents and warrants to Subscriber that:

 

(a)
Organization. The Company is organized and validly existing in good standing under the laws of the state of Delaware.

 

(b)
Due Authorization, Enforcement and Valid Issuance. The Company has all requisite power and authority to execute, deliver
and perform its obligations under this Subscription Agreement, and when executed and delivered by the Company, this Subscription
Agreement will constitute legal, valid and binding agreements of the Company enforceable against the Company in accordance with
its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar
laws affecting creditors’ and contracting parties’ rights generally, and except as enforceability may be subject to
general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). The
Shares have been duly authorized and, when issued and paid for in accordance with the terms of this Subscription Agreement, will
be duly and validly issued, fully paid and nonassessable.

 

    	 	- 5 -	 

     

    

 

(c)
Noncontravention. The execution and delivery of this Subscription Agreement and the consummation of the transactions contemplated
hereby will not conflict with or constitute a violation of, or default under (i) any material agreement to which the Company is
a party or by which it or any of its properties are bound or (ii) the organizational documents of the Company.

 

(d)
Escrow. The proceeds received by the Company shall be held by the Company in a separate non-interest bearing escrow account
and shall only be released immediately prior to or at closing of the acquisition of Enochian. If the Company does not consummate
the acquisition within the timeframe agreed to by and among the Company, Weird Science, LLC and Enochian, its wholly owned subsidiary,
then the Company shall release the full amount of each investment back to Subscriber.

 

5.
Conditions to Obligations of the Subscriber and the Company.

 

The
obligations of the Subscriber to purchase and pay for the Shares specified on the signature page hereof and of the Company to
sell the Shares are subject to the satisfaction at or prior to the Closing of the following conditions precedent:

 

(a)
Representations and Warranties. The representations and warranties of the Subscriber contained in Section 3 hereof
and of the Company contained in Section 4 hereof shall be true and correct as of the Closing in all respects with the same
effect as though such representations and warranties had been made as of the Closing.

 

6.
Legends.

 

The
certificates representing the Shares sold pursuant to this Subscription Agreement will be imprinted with legends in substantially
the following form:

 

“THE
SECURITIES REPRESENTED HEREBY HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (THE “ACT”). SUCH SHARES MAY NOT BE SOLD, PLEDGED, OR TRANSFERRED 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 AS EVIDENCED BY A LEGAL OPINION OF
COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.”

 

Certificates
may also bear any other legend language that may be determined by the Company and its counsel from time to time.

 

    	 	- 6 -	 

     

    

 

7.
United States Anti-Money Laundering Program. The Subscriber understands that the Company’s Board of Directors is
required to comply with applicable anti-money laundering provisions under the United States PATRIOT Act of 2001, as amended (the
“USA PATRIOT Act”). As a condition to acceptance of the Subscriber’s investment in the Company, the Subscriber
makes the representations and agreements set forth on Annex A attached hereto, and agrees to provide to the Company
true and correct copies of the applicable documentation pursuant to the requirements of Annex B, attached hereto.
The Company reserves the right to request such additional information as is necessary to verify the identity of the Subscriber
and the underlying beneficial owner of the Subscriber’s interest in the Company. In the event of delay or failure by the
Subscriber to produce any information required for verification purposes, the Company may refuse to accept a subscription or may
cause the withdrawal of the Subscriber from the Company.

 

8.
Miscellaneous

 

(a)
Notice. Any notices, consents, waivers or other communications required or permitted to be given under the terms of this
Subscription Agreement must be in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally;
(ii) upon receipt, when sent by facsimile (provided confirmation of transmission is mechanically or electronically generated and
kept on file by the sending party); or (iii) one (1) business day after deposit with an overnight courier service, in each case
properly addressed to the party to receive the same. The addresses and facsimile numbers for such communications shall be:

 

If
to the Company:

DanDrit
Biotech USA, Inc.

Stumpedyssevej
17,

2970
Horsholm, Denmark

Phone:
+ 45 391 79840

E-mail:
epl@dandrit.com

Attention:
Eric Leire, Chief Executive Officer

 

with
a copy to:

 

K&L Gates LLP

200
South Biscayne Boulevard

Suite
3900

Miami,
FL 33131

Facsimile:(305)
359-3306

E-mail:
clayton.parker@klgates.com

Attention:Clayton
E. Parker, Esq.

 

If
to Subscriber, to its residence address (or mailing address, if different) and facsimile number set forth at the end of this Subscription
Agreement, or to such other address and/or facsimile number and/or to the attention of such other person as specified by written
notice given to the Company five (5) calendar days prior to the effectiveness of such change.

 

    	 	- 7 -	 

     

    

 

(b)
Entire Agreement; Amendment. This Subscription Agreement, which includes the exhibits referred to herein, supersedes all
other prior oral or written agreements between Subscriber, the Company, their affiliates and persons acting on their behalf with
respect to the matters discussed herein, and constitutes the entire understanding of the parties with respect to the matters covered
herein. No provision of this Subscription Agreement may be amended or waived other than by an instrument in writing signed by
the Company and Subscriber.

 

(c)
Severability. If any provision of this Subscription Agreement shall be invalid or unenforceable in any jurisdiction, such
invalidity or unenforceability shall not affect the validity or enforceability of the remainder of this Subscription Agreement
in that jurisdiction or the validity or enforceability of any provision of this Subscription Agreement in any other jurisdiction.

 

(d)
Governing Law. This Subscription Agreement shall be governed by and construed in accordance with the laws of the state
of Delaware, without giving effect to any choice of law or conflict of law provision or rule.

 

(e)
Successors and Assigns. This Subscription Agreement shall be binding upon and inure to the benefit of the parties and their
respective successors and assigns. Subscriber shall not assign its rights hereunder without the prior written consent of the Company.

 

(f)  
No Third Party Beneficiaries. This Subscription Agreement is intended for the benefit of the parties hereto and their respective
permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

 

(g)
Notification of Changes. The Subscriber hereby covenants and agrees to notify the Company upon the occurrence of any event
prior to the closing of the purchase of the Shares pursuant to this Subscription Agreement which would cause any representation,
warranty or covenant of the Subscriber contained in this Subscription Agreement to be false or incorrect.

 

(h)
Further Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things,
and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably
request in order to carry out the intent and accomplish the purposes of this Subscription Agreement and the consummation of the
transactions contemplated hereby.

 

(i)   
Legal Representation. Subscriber acknowledges that: (i) Subscriber has read this Subscription Agreement and the exhibits
referred to herein; (ii) Subscriber understands that the Company has been represented in the preparation, negotiation and execution
of the Subscription Agreement; and (iii) Subscriber understands the terms and conditions of the Subscription Agreement and is
fully aware of their legal and binding effect.

 

(j) Expenses. Each party will bear its own costs and expenses (including legal and accounting fees and expenses) incurred in
connection with this Subscription Agreement and the transactions contemplated hereby.

 

(k)
Counterparts. This Subscription Agreement may be executed in counterparts, all of which shall be considered one and the
same agreement. The exchange of signature pages by facsimile transmission, by electronic mail in “portable document format”
(“.pdf”) form or by any other electronic means intended to preserve the original graphic and pictorial appearance
of a document shall constitute effective execution and delivery of this Agreement as to the parties.

 

[SIGNATURE
PAGES FOLLOW]

 

    	 	- 8 -	 

     

    

 

 

SUBSCRIBER
SIGNATURE PAGE TO SUBSCRIPTION AGREEMENT

 

IN
WITNESS WHEREOF, and intending to be legally bound hereby, Subscriber has caused this Subscription Agreement to be duly executed
and, by executing this signature page, hereby executes, adopts and agrees to all terms, conditions, and representations contained
in the foregoing Subscription Agreement and hereby subscribes for the Shares offered by the Company in the amount set forth below.

 

	SUBSCRIBER:	 	 
	 	 	 
	 	 	 
	Signature	 	Social Security Number or
	 	 	Tax Identification Number (if any)
	 	 	 
	Print Name	 	 
	 	 	 
	 	 	 
	Signature of joint investor, if applicable	 	Social Security Number or
	 	 	Tax Identification Number (if any)
	 	 	 
	 	 	 
	Print name of joint investor, if applicable	 	 
	 	 	 
	Check one (if applicable)	 	[ ] Tenants in Common
	 	 	[ ] JTWROS
	 	 	[ ] Tenants by Entirety

 

	Date:  ____________
    ____, 2018
	Shares
    (number of shares of Common Stock subscribed for):              _______
	Purchase
    Price (number of Shares x $_______):  $   ___
	 

 

 

	Residence
    Address:	 	Mailing
    Address, if different from Residence Address:
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

    	 	- 9 -	 

     

    

 

COMPANY
SIGNATURE PAGE TO SUBSCRIPTION AGREEMENT

 

–
PLEASE DO NOT WRITE BELOW THIS LINE –

 

COMPANY
USE ONLY

 

	 	Accepted and Agreed:
	 	 	 
	 	DANDRIT BIOTECH USA, INC.
	 	 	 
	 	By:	                       
	 	Name:	 
	 	Title:	 
	 	 	 
	 	As of: ____________ ____, 2018

 

    	 	- 10 -	 

     

    

 

Exhibit
A

 

Confidential
Accredited Investor Questionnaire

 

To:DanDrit
Biotech USA, Inc.

 

DanDrit
Biotech USA, Inc., a Delaware corporation (the “Company”), is offering in a private placement (“Offering”)
pursuant to an accompanying subscription agreement, including, without limitation, all exhibits and annexes made a part thereto
(collectively, the “Subscription Agreement”) shares of its Common Stock, par value $0.0001 per share (the “Shares”).
The undersigned Subscriber is purchasing Shares pursuant to the Offering and acknowledges that all capitalized terms not otherwise
defined herein have the meanings set forth in the Subscription Agreement.

 

I.
The Subscriber represents and warrants that he or it comes within one category marked below, and that for any category
marked, he or it has truthfully set forth, where applicable, the factual basis or reason the Subscriber comes within that
category. ALL INFORMATION IN RESPONSE TO THIS SECTION WILL BE KEPT STRICTLY CONFIDENTIAL EXCEPT AS NECESSARY FOR THE COMPANY
TO COMPLY WITH LAW AND/OR ANY RULES PROMULGATED BY ANY REGULATORY AGENCY. The undersigned shall furnish any additional
information which the Company deems necessary in order to verify the answers set forth below.

 

	Category
A____	The
undersigned is an individual (not a partnership, corporation, etc.) whose individual net worth, or joint net worth with his or
her spouse, presently exceeds $1,000,000.
	 	 
	 	Explanation. In calculating net worth you may include
                                        equity in personal property and real estate (other than the value, after deducting mortgage
                                        obligations, of Subscriber’s principal residence which may not be included in such
                                        net worth calculation), cash, short-term investments, stock and securities. Equity in
                                        personal property and real estate should be based on the fair market value of such property
                                        less debt secured by such property.
	 	 
	Category
B____	The
undersigned is an individual (not a partnership, corporation, etc.) who had an individual income in excess of $200,000 in each
of the two most recent years, or joint income with his or her spouse in excess of $300,000 in each of those years (in each case
including foreign income, tax exempt income and full amount of capital gains and losses but excluding any income of other family
members and any unrealized capital appreciation) and has a reasonable expectation of reaching the same income level in the current
year.
	 	 
	Category
C____	The
undersigned is a director or executive officer of the Company which is issuing and selling the Shares.
	 	 
	Category
D____	The
undersigned is a bank; a savings and loan association; insurance company; registered investment company; registered business development
company; licensed small business investment company (“SBIC”); or employee benefit plan within the meaning of
Title 1 of ERISA and (a) the investment decision is made by a plan fiduciary which is either a bank, savings and loan association,
insurance company or registered investment advisor, or (b) the plan has total assets in excess of $5,000,000 or is a self directed
plan with investment decisions made solely by persons that are accredited investors.
	 	 
	 	 
		(describe
entity)

 

    Exhibit A

     

    

 

	Category
E____	The
undersigned is a private business development company as defined in section 202(a)(22) of the Investment Advisors Act of 1940.
	 	 
	 	 
		(describe
entity)
	 	 
	Category
F____	The
undersigned is either a corporation, partnership, Massachusetts business trust, or non-profit organization within the meaning
of Section 501(c)(3) of the Internal Revenue Code, in each case not formed for the specific purpose of acquiring the Shares and
with total assets in excess of $5,000,000.
	 	 
	 	 
		(describe
entity)
	 	 
	Category G____	The
undersigned is a trust with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the Shares,
where the purchase is directed by a “sophisticated person” as defined in Regulation 506(b)(2)(ii) under the Securities
Act of 1933.
	 	 
	Category
H____	The
undersigned is an entity (other than a trust) all the equity owners of which are “accredited investors” within one
or more of the above categories. If relying upon this Category alone, each equity owner must complete a separate copy of this
Agreement.
	 	 
	 	 
		(describe
entity)
	 	 
	Category I____	The
undersigned is not within any of the categories above and is therefore not an accredited investor.

 

For purposes hereof, “individual income” means adjusted gross income less any income attributable to a spouse or to property owned by a spouse, increased by the following amounts (but not including any amounts attributable to a spouse or to property owned by a spouse): (i) the amount of any interest income received which is tax-exempt under Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”), (ii) the amount of losses claimed as a limited partner in a limited partnership (as reported on Schedule E of Form 1040), (iii) any deduction claimed for depletion under Section 611 et seq. of the Code, and (iv) any amount by which income from long-term capital gains has been reduced in arriving at adjusted gross income pursuant to the provisions of Section 12.02 of the Code.

 

The
undersigned agrees that the undersigned will notify the Company at any time on or prior to the execution of the Subscription Agreement
or this Questionnaire in the event that the representations and warranties in the Subscription Agreement or in this Questionnaire
shall cease to be true, accurate and complete.

 

    Exhibit A

     

    

	II.	Disqualification
Events.

 

	1.	Certain
Criminal Convictions.

 

Have
you been convicted, within the past ten (10) years (or five (5) years, in the case of the Company, its predecessors and affiliated
issuers), of any felony or misdemeanor involving:

 

		☐	in
                                         connection with the purchase or sale of any security;

 

		☐	involving
                                         the making of any false filing with the SEC; or

 

		☐	arising
                                         out of the conduct of the business of an underwriter, broker, dealer, municipal securities
                                         dealer, investment advisor or paid solicitor of purchasers of securities?

 

☐ Yes.
If yes, please explain:

 

_____________________________________________________________________________________________

 

_____________________________________________________________________________________________

 

_____________________________________________________________________________________________

 

☐ No.

 

	2.	Certain
Court Injunctions and Restraining Orders.

 

Are
you subject to any order, judgment or decree of any court of competent jurisdiction that was entered within the past five (5)
years and currently restrains or enjoins you from engaging in any conduct or practice:

 

		☐	in
                                         connection with the purchase or sale of any security;

 

		☐	involving
                                         the making of any false filing with the SEC; or

 

		☐	arising
                                         out of the conduct of the business of an underwriter, broker, dealer, municipal securities
                                         dealer, investment adviser or paid solicitor of purchasers of securities?

 

☐ Yes.
If yes, please explain:

 _____________________________________________________________________________________________

 

_____________________________________________________________________________________________

 

_____________________________________________________________________________________________

 

☐ No.

 

	3.	Final
Orders of Certain State and Federal Regulators.

 

Are
you subject to a Final Order (as defined below) of state regulators of securities, insurance, banking, savings associations or
credit unions; federal banking agencies; the Commodity Futures Trading Commission; or the National Credit Union Administration
that:

 

	 	☐	bars you from:

 

	 	☐	associating
    with an entity regulated by any of the aforementioned regulators;
	 	 	 
	 	☐	engaging
    in the business of securities, insurance or banking; or
	 	 	 
	 	☐	engaging
    in savings association or credit union activities; or

 

		☐	constitutes
                                         a Final Order based on a violation of any law or regulation that prohibits fraudulent,
                                         manipulative, or deceptive conduct entered within the past ten (10) years?

 

☐ Yes.
If yes, please explain:

 

_____________________________________________________________________________________________

 

_____________________________________________________________________________________________

 

_____________________________________________________________________________________________

 

☐ No.

    Exhibit A

     

    

 

The
term “Final Order” means a written directive or declaratory statement issued by a federal or state agency described
in Rule 506(d)(1)(iii) under the Securities Act of 1933 under applicable statutory authority that provides for notice and an opportunity
for a hearing, which constitutes a final disposition or action by that federal or state agency.

 

	4.	SEC
Disciplinary Orders.

 

Are
you subject to any order of the Securities and Exchange Commission (“SEC”) that currently:

 

		☐	suspends
                                         or revokes your registration as a broker, dealer, municipal securities dealer or investment
                                         adviser;

 

		☐	places
                                         limitations on the activities, functions or operations of, or imposes civil money penalties
                                         on, such person; or

 

		☐	bars
                                         you from being associated with any entity or from participating in the offering of any
                                         penny stock?1

 

☐ Yes.
If yes, please explain:
_____________________________________________________________________________________________

 

_____________________________________________________________________________________________

 

_____________________________________________________________________________________________

 

☐ No.

 

_______________________________

 

1
A disqualification based on a suspension or limitation of activities expires when the suspension or limitation expires.

 

	5.	SEC
Cease-and-Desist Orders.

 

Are
you subject to any order of the SEC that was entered within the past five (5) years and currently orders you to cease and desist
from committing or causing a future violation of:

 

		☐	any
                                         scienter-based (intent-based) anti-fraud provision of the federal securities laws (including,
                                         for example, but not limited to):

 

		☐	Section
                                         17(a)(1) of the Securities Act of 1933,

 

		☐	Section
                                         10(b) of the Exchange Act and Rule 10b-5, and

 

		☐	Section
                                         15 (c) (1) of the Securities Exchange Act); or

 

		☐	Section
                                         5 of the Securities Act, of 1933, which generally requires that securities be registered
                                         and prohibits the sale of unregistered securities.

 

☐ Yes.
If yes, please explain:
_____________________________________________________________________________________________

 

_____________________________________________________________________________________________

 

_____________________________________________________________________________________________

 

☐ No.

 

    Exhibit A

     

    

 

	6.	SRO
Suspension/Expulsion.

 

Have
you been suspended or expelled from membership in, or suspended or barred from association with a member of, a securities self-regulatory
organization (“SRO”, such as a registered national securities exchange or a registered national or affiliated
securities association, including FINRA) for any act or omission to act constituting conduct inconsistent with just and equitable
principles of trade?

 

☐ Yes.
If yes, please explain:
_____________________________________________________________________________________________

 

_____________________________________________________________________________________________

 

_____________________________________________________________________________________________

 

☐ No.

 

	7.	SEC
Stop Orders.

 

Have
you filed (as a registrant or issuer), or were you named as an underwriter in any registration statement or Regulation A offering
statement filed with the SEC that, within the past five (5) years, was the subject of a refusal order, stop order, or order suspending
the Regulation A exemption, or is currently the subject of an investigation or proceeding to determine whether a stop order or
suspension order should be issued?

 

☐
Yes. If yes, please explain: ______________________________________________________________________

 

________________________________________________________________________________________________

 

________________________________________________________________________________________________

 

________________________________________________________________________________________________

 

☐ No.

 

	8. 	USPS
False Representations Order.

 

Are
you subject to a United States Postal Service (“USPS”) false representation order entered within the past five
(5) years, or are you currently subject to a temporary restraining order or preliminary injunction with respect to conduct alleged
by the USPS to constitute a scheme or device for obtaining money or property through the mail by means of false representations?

 

☐ Yes.
If yes, please explain: ______________________________________________________________________

 

________________________________________________________________________________________________

 

________________________________________________________________________________________________

 

________________________________________________________________________________________________

 

☐ No.

 

    Exhibit A

     

    

 

III.       The
undersigned is informed of the significance to the Company of the foregoing representations and answers contained in this Questionnaire
contained herein and such answers have been provided under the assumption that the Company will rely on them.

 

IV.       In
furnishing the above information, the undersigned acknowledges that the Company will be relying thereon in determining, among
other things, whether there are reasonable grounds to believe that the undersigned qualifies as a Purchaser under Section 4(a)(2)
and/or Regulation D of the Securities Act of 1933 and applicable state securities laws for the purposes of the proposed investment.

 

V.       The
undersigned understands and agrees that the Company may request further information of the undersigned in verification or amplification
of the undersigned’s knowledge of business affairs, the undersigned’s assets and the undersigned’s ability to
bear the economic risk involved in an investment in the securities of the Company.

 

VI.       The
undersigned represents to you that (a) the information contained herein is complete and accurate on the date hereof and may be
relied upon by you, (b) the undersigned will notify you immediately of any change in any such information occurring prior to the
acceptance of the subscription and will promptly send you written confirmation of such change. The undersigned hereby certifies
that he, she or it has read and understands the Subscription Agreement related hereto and (c) the undersigned acknowledges that
you may be required to publicly disclose the information provided in this Questionnaire and that he or it consents to such public
disclosure.

 

VII.       INFORMATION
VERIFICATION CONSENT.

 

BY
SIGNING THIS QUESTIONNAIRE, SUBSCRIBER HEREBY GRANTS THE COMPANY PERMISSION TO REVIEW ALL PUBLICLY AVAILABLE INFORMATION REGARDING
SUBSCRIBER, INCLUDING, BUT NOT LIMITED TO INFORMATION PROVIDED BY THE OFFICE OF FOREIGN ASSETS CONTROL (“OFAC”)
FOR THE PURPOSE OF VERIFYING INFORMATION PROVIDED BY SUBSCRIBER HEREIN.

 

[SIGNATURE
PAGE FOLLOWS]

 

    Exhibit A

     

    

 

INVESTOR
QUESTIONNAIRE EXECUTION PAGE

 

	 	 	 
	Signature	 	Signature (if purchasing jointly)
	 	 	 
	 	 	 
	Name Typed or Printed	 	Name Typed or Printed
	 	 	 
	 	 	 
	Entity Name	 	Entity Name
	 	 	 
	 	 	 
	Address	 	Address
	 	 	 
	 	 	 
	City, State and Zip Code	 	City, State and Zip Code

 

    Exhibit A

     

    

 

EXHIBIT
B

 

Definition
of Accredited Investor

 

“Accredited
investor” means any person who comes within any of the following categories, or who the Company reasonably believes
comes within any of the following categories, at the time of the sale of the Shares to that person:

 

		1.	Any
                                         bank as defined in Section 3(a)(2) of the Securities Act, or any savings and loan association
                                         or other institution as defined in Section 3(a)(5)(A) of the Securities Act whether acting
                                         in its individual or fiduciary capacity; any broker or dealer registered pursuant to
                                         Section 15 of the Securities Exchange Act of 1934; any insurance company as defined in
                                         Section 2(13) of the Securities Act; any investment company registered under the Investment
                                         Company Act of 1940 or a business development company as defined in Section 2(a)(48)
                                         of that Act; any Small Business Investment Company licensed by the U.S. Small Business
                                         Administration under section 301(c) or (d) of the Small Business Investment Act of 1958;
                                         any plan established and maintained by a state, its political subdivisions, or any agency
                                         or instrumentality of a state or its political subdivisions, for the benefit of its employees,
                                         if such plan has total assets in excess of $5,000,000; any employee benefit plan within
                                         the meaning of the Employee Retirement Income Security Act of 1974 if the investment
                                         decision is made by a plan fiduciary, as defined in Section 3(21) of such Act, which
                                         is either a bank, savings and loan association, insurance company, or registered investment
                                         adviser, or if the employee benefit plan has total assets in excess of $5,000,000 or,
                                         if a self-directed plan, with investment decisions made solely by persons that are accredited
                                         investors;

 

		2.	Any
                                         private business development company as defined in Section 202(a)(22) of the Investment
                                         Advisers Act of 1940;

 

		3.	Any
                                         organization described in Section 501(c)(3) of the Internal Revenue Code, corporation,
                                         Massachusetts or similar business trust, or partnership, not formed for the specific
                                         purpose of acquiring the Shares offered, with total assets in excess of $5,000,000;

 

		4.	Any
                                         director, executive officer, or general partner of the issuer of the Company, or any
                                         director or executive officer of the Company;

 

		5.	Any
                                         natural person whose individual net worth, or joint net worth with that person’s
                                         spouse, at the time of his purchase exceeds $1,000,000, provided that for purposes
                                         of this item 5, “net worth” means the excess of total assets at fair market
                                         value (including personal and real property, but excluding the value of a person’s
                                         primary home) over total liabilities (excluding any mortgage on the primary home
                                         in an amount of up to the home’s fair market value, but including any mortgage
                                         amount in excess of the home’s fair market value);

 

		6.	Any
                                         natural person who had an individual income in excess of $200,000 in each of the two
                                         most recent years or joint income with that person’s spouse in excess of $300,000
                                         in each of those years and has a reasonable expectation of reaching the same income level
                                         in the current year, provided that for purposes of this item 6, “income”
                                         means annual adjusted gross income, as reported for federal income tax purposes, plus
                                         (a) the amount of any tax-exempt interest income received; (b) the amount of losses claimed
                                         as a limited partner in a limited partnership; (c) any deduction claimed for depletion;
                                         (d) amounts contributed to an IRA or Keogh retirement plan; (e) alimony paid; and (f)
                                         any amount by which income from long-term capital gains has been reduced in arriving
                                         at adjusted gross income pursuant to the provisions of Section 1202 of the Internal Revenue
                                         Code of 1986, as amended;

 

		7.	Any
                                         trust, with total assets in excess of $5,000,000, not formed for the specific purpose
                                         of acquiring the Shares offered, whose purchase is directed by a sophisticated person
                                         as described in Rule 506(b)(2)(ii); and

 

		8.	Any
                                         entity in which all of the equity owners are accredited investors.

 

    Exhibit B

     

    

 

EXHIBIT
C

 

CONFIDENTIALITY
AGREEMENT

 

 

    Exhibit C

     

    

 

Annex
A

 

UNITED
STATES ANTI-MONEY LAUNDERING

 

REPRESENTATIONS
AND WARRANTIES

 

In connection with the acquisition of the
Company’s Shares, the Subscriber hereby represents, warrants and covenants to the Company as follows:

 

1.  
The Subscriber has reviewed the website of the U.S. Treasury Department’s Office of Foreign Assets Control
(“OFAC”), and conducted such other investigation as Subscriber deems necessary or prudent, prior to making these representations
and warranties. The Subscriber acknowledges that U.S. federal regulations and executive orders administered by OFAC prohibit, among
other things, engaging in transactions with, and the provision of services to, certain foreign countries, territories, entities
and individuals.

 

2.  
All evidence of identity provided in connection with the Subscriber’s acquisition of Shares is genuine and
all related information furnished is accurate.

 

3.  
The Subscriber understands and agrees that the investment of funds is prohibited by or restricted with respect to any persons
or entities: (i) acting, directly or indirectly, on behalf of terrorists or terrorist organizations, including those persons, entities
and organizations that are included on any of the OFAC lists; (ii) residing or having a place of business in a country or territory
named on such lists or which is designated as a Non-Cooperative Jurisdiction by the Financial Action Task Force on Money Laundering
(“FATF”), or whose subscription funds are transferred from or through such a jurisdiction; (iii) (A) that are a “Foreign
Shell Bank” within the meaning of the USA PATRIOT Act or (B) that are a foreign bank other than a “Regulated Affiliate”
that is barred, pursuant to its banking license, from conducting banking activities with the citizens of, or with the local currency
of, the country that issued the license or (C) whose subscription funds are transferred from or through the entities listed in
foregoing clauses (A) and (B); or (iv) residing in, or organized under the laws of, a jurisdiction designated by the Secretary
of the Treasury under Sections 311 or 312 of the USA PATRIOT Act as warranting special measures due to money laundering concerns.
Such persons or entities in (i) through (iv) are collectively referred to as “Restricted Persons.” Neither the Subscriber,
nor any person or entity controlling, controlled by, or under common control with, the Subscriber, any investors in the Subscriber
(if the Subscriber is a pooled investment vehicle) or any person or entity for whom the Subscriber is acting as agent, representative,
intermediary, nominee or similar capacity (each such investor in the Subscriber and each such person for whom the Subscriber acts
as agent, representative, intermediary, nominee or in a similar capacity, an “Underlying Beneficial Owner”) in connection
with the acquisition of Shares is a Restricted Person.

 

4.  
No funds tendered for the acquisition of Shares are directly or indirectly derived from activities that may contravene U.S.
federal, state or non-U.S. laws and regulations, including anti-money laundering laws, rules and regulations, and no capital contribution
in relation to Shares acquired by the Subscriber or, if applicable, any Underlying Beneficial Owner will be derived from any illegal
or illegitimate activities.

 

5.  
To the extent the Subscriber has any Underlying Beneficial Owners, the Subscriber: (i) has carried out thorough due diligence
as to, and established the identities of, the Underlying Beneficial Owners and any related persons to the extent required by applicable
law and regulations (“Related Persons”); (ii) holds the evidence of such identities and will maintain all such evidence
for at least five years from the date of the completion of the liquidation of the Company; and (iii) will make such information
available to the Company upon the Company’s request.

 

    Annex A

     

    

 

6.  
The Subscriber acknowledges and understands that the Company, in its sole discretion, may decline to accept any subscription
for Shares by a person who is a “Covered Person” within the meaning of the Guidance on Enhanced Scrutiny for Transactions
that May Involve the Proceeds of Foreign Official Corruption, issued by the U.S. Department of the Treasury, et al., January,
2001. Accordingly, the Subscriber agrees to inform the Company, prior to its acquisition of Shares, if the Subscriber or any person
controlling, controlled by, or under common control with, the Subscriber, or for whom the Subscriber is acting as agent or nominee
in connection with the acquisition of Shares, is a Covered Person.

 

7.  
The Subscriber agrees to provide any information (including confidential information about the Subscriber and, if applicable,
any Underlying Beneficial Owner or Related Person) to any person deemed necessary by the Company, in its sole and absolute discretion,
to comply with its anti-money laundering responsibilities and policies and any laws, rules and regulations applicable to an investment
held or proposed to be held by the Company.

 

8.  
The Subscriber authorizes and permits the Company, using its own reasonable business judgment, to report information about
the Subscriber, or any person controlling, controlled by, or under common control with the Subscriber, to appropriate authorities,
and the Subscriber agrees not to hold them liable for any loss or injury that may occur as the result of providing such information.

 

9.  
The Subscriber agrees that, in the event of a material change with respect to the information provided in connection with
the purchase of the Shares, the Subscriber will provide the Company promptly with updated information affected by the material
change.

 

10.  
The Subscriber agrees that, notwithstanding any statement to the contrary in any agreement into which it has entered that
relates to the Company, or any statement to the contrary in any private placement memorandum of the Company, if the Company determines
that the Subscriber has appeared on a list of known or suspected terrorists or terrorist organizations compiled by any U.S. or
non-U.S. governmental agency, or that any information provided by the Subscriber in connection with the acquisition of Shares is
no longer true or accurate, the Company, without limiting any other rights available under any agreement between the Company and
the Subscriber, shall be authorized to take any action it deems necessary or appropriate as a result thereof. The Company may be
obligated to “freeze the account” of the Subscriber, either by prohibiting additional capital contributions, restricting
any distributions and/or declining any requests to transfer the Subscriber’s Shares. In addition, in any such event, the
Subscriber may forfeit its Shares, may be forced to withdraw from the Company or may otherwise be subject to the remedies required
by law, and the Subscriber shall have no claim against the Company nor its officers, directors, employees, agents, control persons,
affiliates and professional advisors and such parties shall be held harmless and indemnified by the Subscriber in accordance with
the indemnification section of this Agreement for any form of damages as a result of any of the actions described in this paragraph.
The Company may also be required to report such action and to disclose the Subscriber’s identity or provide other information
with respect to the Subscriber to OFAC or other governmental entities.

 

11.  
The Subscriber acknowledges and agrees that any distributions paid to it by the Company will be paid to, and any contributions
made by it to the Company will be made from, an account in the Subscriber’s name unless the Company, in its sole discretion,
agrees otherwise.

 

12.  
The Subscriber understands, acknowledges and agrees that the acceptance of
this Agreement, together with the appropriate remittance, will not breach any applicable money laundering or related rules or
regulations (including, without limitation, any statutes, rules or regulations in effect under the laws of the U.S.A.
pertaining to prohibitions on money laundering or to transacting business or dealing in property that may be blocked or may
belong to Specially Designated Nationals, as such term is used by OFAC).

 

    Annex A

     

    

 

Annex
B

 

ANTI-MONEY
LAUNDERING DOCUMENTATION

 

The
Subscriber has delivered, or is concurrently delivering herewith, the true, correct and applicable documentation noted below that
is applicable to the Subscriber:

 

		(i)	Individuals
                                         (each of the following):

 

		(A)	Certified
                                         (notarized) copy of passport or other valid government identification document displaying
                                         the true name, signature, date of birth and photograph of the Subscriber (with certified
                                         English translation, if necessary); and

 

		(B)	Copy
                                         of a recent bank statement or utility bill showing the Subscriber’s current home
                                         address.

 

		(ii)	Corporate
                                         (each of the following):

 

		(A)	Certificate
                                         of Incorporation (or equivalent) with evidence of any name changes;

 

		(B)	Certificate
                                         of Good Standing;

 

		(C)	Director
                                         resolution authorizing the investment, if applicable;

 

		(D)	Current
                                         list or register of Directors;

 

		(E)	Specimen
                                         signatures of persons authorized to bind the Subscriber with regard to its investments
                                         with name and office held printed underneath or Powers of Attorney or Letters of Authority
                                         (if applicable);

 

		(F)	Information
                                         on at least two Directors (see (i) above for individuals and (ii) for all other entities);

 

		(G)	Evidence
                                         of identity for authorized signatories and all beneficial owners of the Subscriber >25%
                                         OR comfort letter (see (i) above for individuals and (ii) for all other entities); and

 

		(H)	Signed
                                         copy of the Subscriber’s latest available financial statements.

 

		(iii)	Limited
                                         Partnership (or Limited Liability Company) (each of the following):

 

		(A)	Certificate
                                         of Limited Partnership (or equivalent) (evidencing registered address) with evidence
                                         of any name changes;

 

		(B)	Certified
                                         copy of the limited partnership agreement (or equivalent);

 

		(C)	Limited
                                         partnership mandate (or equivalent) for making the investment (if any);

 

		(D)	Specimen
                                         signatures of persons authorized to bind the Subscriber with regard to its investments
                                         with name and office held printed underneath or Powers of Attorney or Letters of Authority
                                         (if applicable);

 

		(E)	Information
                                         on the individual(s) that control the general partner (or managing member, if applicable)
                                         (see (i) above for individuals and (ii) for all other entities);

 

		(F)	Evidence
                                         of identity for authorized signatories and all beneficial owners of the Subscriber >25%
                                         OR comfort letter (see (i) above for individuals and (ii) for all other entities); and

 

		(G)	Signed
                                         copy of the Subscriber’s latest available financial statements.

 

    Annex B

     

    

 

		(iv)	Trust
                                         (each of the following):

 

		(A)	Certified
                                         copy of Trust Deed/Agreement (including trust name, nature of trust, trustees, authorizations,
                                         date of trust and principal address);

 

		(B)	Information
                                         about the trustee(s) and settlor(s) (or beneficial owner(s), if different than the settlor(s))
                                         (see (i) above for individuals and (ii) for all other entities); and

 

		(C)	Signed
                                         copy of the Subscriber’s latest available financial statements.

 

		(v)	Private
                                         Pension Plans or Not For Profit (including Foundations and Charities) (each
                                         of the following):

 

		(A)	Certified
                                         copy of the entity’s formation documents;

 

		(B)	An
                                         explanation of the nature of the entity’s purpose and operations;

 

		(C)	Evidence
                                         of identity for authorized signatories, anyone who gives instructions on behalf of the
                                         entity and all beneficial owners of the Subscriber >25% OR comfort letter (see (i)
                                         above for individuals and (ii) for all other entities); and

 

		(D)	Confirmation
                                         of not for profit designation from the applicable government authority.

 

		(vi)	Financial
                                         Institutions (additional requirements):

 

In
addition to the applicable requirements above, banks, brokers and other financial institutions must deliver a representation letter
in the form determined by the Company indicating that they have established and implemented anti-money laundering procedures reasonably
designed to achieve compliance with the USA PATRIOT Act.

 

The
Subscriber acknowledges that the Company and its affiliates may require further identification of the Subscriber or source of
funds before the subscription can be processed, and the Company and its officers, directors, employees, agents, control persons,
affiliates and professional advisors shall be held harmless and indemnified in accordance with the indemnification provisions
of the Agreement as a result of a failure to process the subscription if such information as has been required by the Company
has not been provided by the Subscriber. The Subscriber agrees to provide any information deemed necessary by the Company in its
sole and absolute discretion to comply with its anti-money laundering policies and obligations.

 

 

 Annex B

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