Document:

Exhibit 10.2

 

REGISTRATION
RIGHTS AGREEMENT

 

This REGISTRATION RIGHTS
AGREEMENT (this “Agreement”) is dated as of August 20, 2020, and is made by and among Atlantic Capital Bancshares,
Inc., a Georgia corporation (the “Company”), and the several purchasers of the Subordinated Notes (as defined
below) identified on the signature pages to the Purchase Agreement (as defined below) (collectively, the “Purchasers”).

 

This Agreement is made
pursuant to the Subordinated Note Purchase Agreement dated August 20, 2020, by and among the Company and each of the Purchasers
(the “Purchase Agreement”), which provides for the sale by the Company to the Purchasers of $75,000,000 aggregate
principal amount of the Company’s 5.50% Fixed-to-Floating Rate Subordinated Notes due 2030, which were issued on August 20,
2020 (the “Subordinated Notes”). In order to induce the each of the Purchasers to enter into the Purchase Agreement
and in satisfaction of a condition to the Purchasers’ obligations thereunder, the Company has agreed to provide to the Purchasers
and their respective direct and indirect transferees and assigns the registration rights set forth in this Agreement. The execution
and delivery of this Agreement is a condition to the closing under the Purchase Agreement.

 

In consideration of
the foregoing, the parties hereto agree as follows:

 

1.                 
Definitions. As used in this Agreement, the following capitalized defined
terms shall have the following meanings: 

 

“1933 Act”
shall mean the Securities Act of 1933, as amended from time to time, and the rules and regulations of the SEC promulgated thereunder.

 

“1934 Act”
shall mean the Securities Exchange Act of 1934, as amended from time to time, and the rules and regulations of the SEC promulgated
thereunder.

 

“Additional
Interest” shall have the meaning set forth in Section 2(e) hereof.

 

“Agreement”
shall have the meaning set forth in the preamble to this Agreement.

 

“Business
Day” shall mean any day other than a Saturday, Sunday or United States federal holiday or a day on which banking institutions
in the State of Georgia are authorized or obligated to be closed.

 

“Closing Date”
shall mean the date of this Agreement.

 

“Company”
shall have the meaning set forth in the preamble to this Agreement and also includes the Company’s successors.

 

“Depositary”
shall mean The Depository Trust Company, or any other depositary appointed by the Company, including any agent thereof; provided,
however, that any such depositary must at all times have an address in the Borough of Manhattan, The City of New York.

 

“Event Date”
shall have the meaning set forth in Section 2(e).

 

    

     

    

 

“Exchange
Offer” shall mean the exchange offer by the Company of Exchange Securities for Registrable Securities pursuant to Section
2(a) hereof.

 

“Exchange
Offer Registration” shall mean a registration under the 1933 Act effected pursuant to Section 2(a) hereof.

 

“Exchange
Offer Registration Statement” shall mean an exchange offer registration statement on Form S-4 (or, if applicable, on
another appropriate form) covering the Registrable Securities, and all amendments and supplements to such registration statement,
in each case including the Prospectus contained therein, all exhibits thereto and all material incorporated or deemed to be incorporated
by reference therein.

 

“Exchange
Securities” shall mean the 5.50% Fixed-to-Floating Rate Subordinated Notes due 2030 issued by the Company under the Indenture
containing terms substantially identical to the Subordinated Notes (except that (i) interest thereon shall accrue from the last
date to which interest has been paid or duly provided for on the Subordinated Notes or, if no such interest has been paid or duly
provided for, from the Interest Accrual Date, (ii) provisions relating to an increase in the stated rate of interest thereon upon
the occurrence of a Registration Default shall be eliminated, (iii) the transfer restrictions and legends relating to restrictions
on ownership and transfer thereof as a result of the issuance of the Subordinated Notes without registration under the 1933 Act
shall be eliminated, (iv) the minimum denominations thereof shall be $100,000 and integral multiples of $1,000 in excess thereof,
and (v) all of the Exchange Securities will be represented by one or more global Exchange Securities in book-entry form unless
exchanged for Exchange Securities in definitive certificated form under the circumstances provided in the Indenture) to be offered
to Holders (as defined below) of Registrable Securities in exchange for Registrable Securities pursuant to the Exchange Offer.

 

“FINRA”
shall mean the Financial Industry Regulatory Authority, Inc.

 

“Holders”
shall mean (i) the Purchasers, for so long as they own any Registrable Securities, and each of their respective successors, assigns
and direct and indirect transferees who become registered owners of Registrable Securities under the Indenture and (ii) each Participating
Broker-Dealer that holds Exchange Securities for so long as such Participating Broker-Dealer is required to deliver a prospectus
meeting the requirements of the 1933 Act in connection with any resale of such Exchange Securities.

 

“Indenture”
shall mean the indenture, dated as of August 20, 2020 by and between the Company and U.S. Bank National Association, as trustee,
as the same may be amended or supplemented from time to time in accordance with the terms thereof.

 

“Interest
Accrual Date” means August 20, 2020.

 

“Majority
Holders” shall mean the Holders of a majority of the aggregate principal amount of Registrable Securities outstanding,
excluding Exchange Securities referred to in clause (ii) of the definition of “Holders” above; provided that
whenever the consent or approval of Holders of a specified percentage of Registrable Securities or Exchange Securities is required
hereunder, Registrable Securities and Exchange Securities held by the Company or any of its affiliates (as such term is
defined in Rule 405 under the 1933 Act) shall be disregarded in determining whether such consent or approval was given by the
Holders of such required percentage.

 

    2 

     

    

 

“Notifying
Broker-Dealer” shall have the meaning set forth in Section 3(f).

 

“Participating
Broker-Dealer” shall have the meaning set forth in Section 3(f).

 

“Person”
shall mean an individual, partnership, joint venture, limited liability company, corporation, trust or unincorporated organization,
or a government or agency or political subdivision thereof.

 

“Prospectus”
shall mean the prospectus included in a Registration Statement, including any preliminary prospectus, and any such prospectus as
amended or supplemented by any prospectus supplement, including a prospectus supplement with respect to the terms of the offering
of any portion of the Registrable Securities covered by a Shelf Registration Statement, and by all other amendments and supplements
to a prospectus, including post-effective amendments, and in each case including all material incorporated or deemed to be incorporated
by reference therein.

 

“Purchase
Agreement” shall have the meaning set forth in the preamble to this Agreement.

 

“Purchasers”
shall have the meaning set forth in the preamble of this Agreement.

 

“Registrable
Securities” shall mean the Subordinated Notes; provided, however, that any Subordinated Notes shall cease
to be Registrable Securities when (i) a Registration Statement with respect to such Subordinated Notes shall have been declared
or become effective under the 1933 Act and such Subordinated Notes shall have been exchanged or disposed of pursuant to such Registration
Statement, (ii) such Subordinated Notes shall have been sold to the public pursuant to Rule 144 (or any similar provision then
in force, but not Rule 144A) under the 1933 Act, or are eligible to be resold pursuant to Rule 144 without regard to the public
information requirements thereunder, (iii) such Subordinated Notes shall have ceased to be outstanding, (iv) such Subordinated
Notes were eligible for exchange under an Exchange Offer Registration Statement that was declared effective under the 1933 Act
but were not exchanged at the election of the Holder during the period the Exchange Offer was open, or (v) such Subordinated Notes
have been exchanged for Exchange Securities which have been registered pursuant to the Exchange Offer Registration Statement upon
consummation of the Exchange Offer unless, in the case of any Exchange Securities referred to in this clause (v), such Exchange
Securities are held by Participating Broker-Dealers or otherwise are not freely tradable by such Participating Broker-Dealers
without any limitations or restrictions under the 1933 Act (in which case such Exchange Securities will be deemed to be Registrable
Securities until such time as such Exchange Securities are sold to a purchaser in whose hands such Exchange Securities are freely
tradeable without any limitations or restrictions under the 1933 Act).

 

“Registration
Default” shall have the meaning set forth in Section 2(e).

 

    3 

     

    

 

“Registration
Expenses” shall mean any and all reasonable expenses incident to performance of or compliance by the Company with
this Agreement, including without limitation: (i) all SEC, stock exchange or FINRA registration and filing fees, (ii) all
fees and expenses incurred in connection with compliance with state or other securities or blue sky laws and compliance with
the rules of FINRA (including reasonable fees and disbursements of one counsel for any Holders in connection with
qualification of any of the Exchange Securities or Registrable Securities under state or other securities or blue sky laws
and any filing with and review by FINRA), (iii) all expenses of any Persons in preparing, printing and distributing any
Registration Statement, any Prospectus, any amendments or supplements thereto, securities sales agreements, certificates
representing the Subordinated Notes or Exchange Securities and other documents relating to the performance of and compliance
with this Agreement, (iv) all rating agency fees, (v) all fees and expenses incurred in connection with the listing, if any,
of any of the Subordinated Notes or Exchange Securities on any securities exchange or exchanges or on any quotation system,
(vi) all fees and disbursements relating to the qualification of the Indenture under applicable securities laws, (vii) the
fees and disbursements of counsel for the Company and the fees and expenses of independent public accountants for the Company
or for any other Person, business or assets whose financial statements are included in any Registration Statement or
Prospectus, including the expenses of any special audits or “cold comfort” letters required by or incident to
such performance and compliance, and (viii) the fees and expenses of the Trustee, any registrar, any depositary, any paying
agent, any escrow agent or any custodian, in each case including fees and disbursements of their respective counsel. For the
avoidance of doubt, Registration Expenses shall not include any underwriting discounts and commissions, brokerage commissions
and transfer taxes, if any, relating to the sale or disposition of Registrable Securities by a Holder.

 

“Registration
Statement” shall mean any registration statement of the Company relating to any offering of the Exchange Securities or
Registrable Securities pursuant to the provisions of this Agreement (including, without limitation, any Exchange Offer Registration
Statement and any Shelf Registration Statement), and all amendments and supplements to any such Registration Statement, including
post-effective amendments, in each case including the Prospectus contained therein, all exhibits thereto and all material incorporated
or deemed to be incorporated by reference therein.

 

“SEC”
shall mean the United States Securities and Exchange Commission or any successor thereto.

 

“Shelf Registration”
shall mean a registration effected pursuant to Section 2(b) hereof.

 

“Shelf Registration
Statement” shall mean a “shelf” registration statement of the Company pursuant to the provisions of Section
2(b) of this Agreement which covers all of the Registrable Securities, as the case may be, on an appropriate form under Rule
415 under the 1933 Act, or any similar rule that may be adopted by the SEC, and all amendments and supplements to such registration
statement, including post-effective amendments, in each case including the Prospectus contained therein, all exhibits thereto and
all material incorporated or deemed to be incorporated by reference therein.

 

“Subordinated
Notes” shall have the meaning set forth in the preamble to this Agreement.

 

“Subsidiary”
shall mean a corporation, a partnership, business or statutory trust or a limited liability company, a majority of the
outstanding voting equity securities or a majority of the voting membership or partnership interests, as the case may be, of
which is owned or controlled, directly or indirectly, by the Company or by one or more other Subsidiaries of the Company.

 

    4 

     

    

 

“TIA”
shall mean the Trust Indenture Act of 1939, as amended from time to time, and the rules and regulations of the SEC promulgated
thereunder.

 

“Trustee”
shall mean the trustee with respect to the Subordinated Notes and the Exchange Securities under the Indenture.

 

For purposes of this
Agreement, (i) all references in this Agreement to any Registration Statement, preliminary prospectus or Prospectus or any amendment
or supplement to any of the foregoing shall be deemed to include the copy filed with the SEC pursuant to its Electronic Data Gathering,
Analysis and Retrieval system; (ii) all references in this Agreement to financial statements and schedules and other information
which is “contained,” “included” or “stated” in any Registration Statement, preliminary prospectus
or Prospectus (or other references of like import) shall be deemed to mean and include all such financial statements and schedules
and other information which is incorporated or deemed to be incorporated by reference in such Registration Statement, preliminary
prospectus or Prospectus, as the case may be; (iii) all references in this Agreement to amendments or supplements to any Registration
Statement, preliminary prospectus or Prospectus shall be deemed to mean and include the filing of any document under the 1934 Act
which is incorporated or deemed to be incorporated by reference in such Registration Statement, preliminary prospectus or Prospectus,
as the case may be; (iv) all references in this Agreement to Rule 144, Rule 144A, Rule 405 or Rule 415 under the 1933 Act, and
all references to any sections or subsections thereof or terms defined therein, shall in each case include any successor provisions
thereto; and (v) all references in this Agreement to days (but not to Business Days) shall mean calendar days.

 

		2.	Registration Under the 1933 Act.

 

(a)               Exchange
Offer Registration. The Company shall (A) use its commercially reasonable efforts to file with the SEC on or prior to the
60th day after the Closing Date an Exchange Offer Registration Statement covering the offer by the Company to the Holders to
exchange all of the Registrable Securities for a like aggregate principal amount of Exchange Securities, (B) use its
commercially reasonable efforts to cause such Exchange Offer Registration Statement to be declared effective by or become
effective with the SEC no later than the 120th day after the Closing Date, (C) use its commercially reasonable efforts to
cause such Registration Statement to remain effective until the closing of the Exchange Offer and (D) use its commercially
reasonable efforts to consummate the Exchange Offer no later than 45 days after the effective date of the Exchange Offer
Registration Statement. Upon the effectiveness of the Exchange Offer Registration Statement, the Company shall promptly
commence the Exchange Offer, it being the objective of such Exchange Offer to enable each Holder eligible and electing to
exchange Registrable Securities for Exchange Securities (assuming that such Holder is not an affiliate of the Company within
the meaning of Rule 405 under the 1933 Act, acquires the Exchange Securities in the ordinary course of such Holder’s
business and has no arrangements or understandings with any Person to participate in the Exchange Offer for the purpose of
distributing such Exchange Securities) to trade such Exchange Securities from and after their receipt without any limitations
or restrictions under the 1933 Act or under the securities or blue sky laws of the states of the United States.

 

    5 

     

    

 

In connection with
the Exchange Offer, the Company shall:

 

(i)             
promptly mail or otherwise transmit, in compliance with the applicable procedures of the depositary for such Registrable
Securities, to each Holder a copy of the Prospectus forming part of the Exchange Offer Registration Statement, together with an
appropriate letter of transmittal and related documents;

 

(ii)            
keep the Exchange Offer open for not less than 20 Business Days (or longer if required by applicable law) after the
date notice thereof is mailed to the Holders and, during the Exchange Offer, offer to all Holders who are legally eligible to participate
in the Exchange Offer the opportunity to exchange their Registrable Securities for Exchange Securities;

 

(iii)           
use the services of a depositary with an address in the Borough of Manhattan, The City of New York for the Exchange
Offer;

 

(iv)          
permit Holders to withdraw tendered Registrable Securities at any time prior to the close of business, Eastern time,
on the last Business Day on which the Exchange Offer shall remain open, by sending to the Company and at the address specified
in the Prospectus or the related letter of transmittal or related documents a facsimile transmission or letter setting forth the
name of such Holder, the principal amount of Registrable Securities delivered for exchange, and a statement that such Holder is
withdrawing its election to have such Subordinated Notes exchanged, and otherwise complying with the applicable procedures of the
Depositary;

 

(v)            
notify each Holder that any Registrable Security not tendered will remain outstanding and continue to accrue interest,
but will not retain any rights under this Agreement (except in the case of Participating Broker-Dealers as provided herein); and

 

(vi)          
otherwise comply in all material respects with all applicable laws relating to the Exchange Offer.

 

The Exchange Securities
shall be issued under the Indenture, which shall be qualified under the TIA. The Indenture shall provide that the Exchange Securities
and the Subordinated Notes shall vote and consent together on all matters as a single class (as to which any such Exchange Securities
and Subordinated Notes may vote or consent) and shall constitute a single series of debt securities issued under the Indenture.

 

As soon as reasonably
practicable after the close of the Exchange Offer, the Company shall:

 

(vii)         
accept for exchange all Registrable Securities duly tendered and not validly withdrawn pursuant to the Exchange Offer
in accordance with the terms of the Exchange Offer Registration Statement and the letter of transmittal that is an exhibit thereto;

 

(viii)       
 deliver, or cause to be delivered, to the Trustee for cancellation all Registrable Securities so accepted for exchange
by the Company; and

 

(ix)            
cause the Trustee promptly to authenticate and deliver Exchange Securities to each Holder of Registrable Securities
so accepted for exchange equal in principal amount to the principal amount of the Registrable Securities of such Holder so accepted
for exchange.

 

    6 

     

    

 

For the avoidance of
doubt, notwithstanding any provision herein purporting to require physical mailing, delivery or acceptance of any document or instrument,
the Company may conduct the Exchange Offer exclusively through the automated tender offer program of the Depository, provided that
this provision shall apply only to Registrable Securities held in the form of beneficial interests in a global note deposited with
(or held by a custodian for) The Depository Trust Company.

 

Interest on each Exchange
Security will accrue from the last date on which interest was paid or duly provided for on the Subordinated Notes surrendered in
exchange therefor or, if no interest has been paid or duly provided for on such Subordinated Notes, from the Interest Accrual Date.
The Exchange Offer shall not be subject to any conditions, other than (i) that the Exchange Offer, or the making of any exchange
by a Holder, does not violate any applicable law or any applicable interpretation of the staff of the SEC, (ii) that no action
or proceeding shall have been instituted or threatened in any court or by or before any governmental agency with respect to the
Exchange Offer which, in the Company’s judgment, would reasonably be expected to impair the ability of the Company to proceed
with the Exchange Offer, and (iii) that the Holders tender the Registrable Securities to the Company in accordance with the Exchange
Offer. Each Holder of Registrable Securities (other than Participating Broker-Dealers) who wishes to exchange such Registrable
Securities for Exchange Securities in the Exchange Offer will be required to represent that (i) it is not an affiliate (as defined
in Rule 405 under the 1933 Act) of the Company, (ii) any Exchange Securities to be received by it will be acquired in the ordinary
course of business, (iii) it has no arrangement with any Person to participate in the distribution (within the meaning of the 1933
Act) of the Exchange Securities, and (iv) it is not acting on behalf of any Person who could not truthfully make the statements
set forth in clauses (i), (ii) and (iii) immediately above, and shall be required to make such other representations as may be
reasonably necessary under applicable SEC rules, regulations or interpretations to render the use of Form S-4 or another appropriate
form under the 1933 Act available.

 

    7 

     

    

 

(b)               Shelf
Registration. (i) If, because of any change in law or applicable interpretations thereof by the staff of the SEC, the
Company is not permitted to effect the Exchange Offer as contemplated by Section 2(a) hereof, or (ii) if for any other
reason (A) the Exchange Offer Registration Statement is not effective within 120 days following the Closing Date or (B) the
Exchange Offer is not consummated within 45 days after effectiveness of the Exchange Offer Registration Statement
(provided that if the Exchange Offer Registration Statement shall become effective after such 120-day period or if the
Exchange Offer shall be consummated after such 45-day period, then the Company’s obligations under this clause (ii)
arising from the failure of the Exchange Offer Registration Statement to be effective within such 120-day period or the
failure of the Exchange Offer to be consummated within such 45-day period, respectively, shall terminate), or (iii) if any
Holder is not eligible to participate in the Exchange Offer or validly elects to participate in the Exchange Offer but does
not receive Exchange Securities that are freely tradeable without any limitations or restrictions under the 1933 Act, then
the Company shall, at its cost:

 

(A)            
use its commercially reasonable efforts to file with the SEC on or prior to (a) the 180th day after the Closing Date
or (b) the 60th day after any such filing obligation arises, whichever is later, a Shelf Registration Statement relating to the
offer and sale of the Registrable Securities by the Holders from time to time in accordance with the methods of distribution elected
by the Majority Holders of such Registrable Securities and set forth in such Shelf Registration Statement;

 

(B)             
use its commercially reasonable efforts to cause such Shelf Registration Statement to become effective with the SEC
as promptly as practicable, but in no event later than (a) the 225th day after the Closing Date or (b) the 105th day after an obligation
to file with the SEC a Shelf Registration Statement arises, whichever is later. In the event that the Company is required to file
a Shelf Registration Statement pursuant to Section 2(b)(iii) above, the Company shall file and use its commercially reasonable
efforts to become effective with the SEC both an Exchange Offer Registration Statement pursuant to Section 2(a) with
respect to all Registrable Securities and a Shelf Registration Statement (which may be a combined Registration Statement with the
Exchange Offer Registration Statement) with respect to offers and sales of Registrable Securities held by such Holder described
in Section 2(b)(iii) above;

 

(C)             
use its commercially reasonable efforts to keep the Shelf Registration Statement continuously effective, supplemented
and amended as required, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of one year
after the latest date on which any Subordinated Notes are originally issued by the Company (subject to extension pursuant to the
last paragraph of Section 3) or, if earlier, when all of the Registrable Securities covered by such Shelf Registration Statement
(i) have been sold pursuant to the Shelf Registration Statement in accordance with the intended method of distribution thereunder,
or (ii) cease to be Registrable Securities; and

 

(D)             notwithstanding
any other provisions hereof, use its commercially reasonable efforts to ensure that (i) any Shelf Registration Statement and
any amendment thereto and any Prospectus forming a part thereof and any supplements thereto comply in all material respects
with the 1933 Act, (ii) any Shelf Registration Statement and any amendment thereto does not, when it becomes effective,
contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to
make the statements therein not misleading and (iii) any Prospectus forming part of any Shelf Registration Statement and any
amendment or supplement to such Prospectus does not include an untrue statement of a material fact or omit to state a
material fact necessary in order to make the statements therein, in the light of the circumstances under which they were
made, not misleading; provided, however, clauses (ii) and (iii) shall not apply to any statement in or omission
from a Shelf Registration Statement or a Prospectus made in reliance upon and conformity with information relating to any
Holder or Participating Broker-Dealer of Registrable Securities furnished to the Company in writing by such Holder or
Participating Broker-Dealer, respectively, expressly for use in such Shelf Registration Statement or Prospectus.

 

    8 

     

    

 

The Company further
agrees, if necessary, to supplement or amend the Shelf Registration Statement if reasonably requested by the Majority Holders with
respect to information relating to the Holders and otherwise as required by Section 3(b) below, to use its commercially
reasonable efforts to cause any such amendment to become effective and such Shelf Registration Statement to become usable as soon
as reasonably practicable thereafter and to furnish to the Holders of Registrable Securities copies of any such supplement or amendment
promptly after its being used or filed with the SEC.

 

(c)              
Expenses. The Company shall pay all Registration Expenses in connection with the registration pursuant to
Sections 2(a) and 2(b) and, in the case of any Shelf Registration Statement, will reimburse the Holders for the reasonable
fees and disbursements of one counsel (in addition to any local counsel) designated in writing by the Majority Holders to act as
counsel for the Holders of the Registrable Securities in connection therewith; provided, however, that the Company shall not be
responsible for reimbursement for the fees and disbursements of such counsel in an aggregate amount in excess of $10,000. Each
Holder shall pay all fees and disbursements of its counsel other than as set forth in the preceding sentence or in the definition
of Registration Expenses and all underwriting discounts and commissions and transfer taxes, if any, relating to the sale or disposition
of such Holder’s Registrable Securities pursuant to a Shelf Registration Statement.

 

(d)              
Effective Registration Statement.

 

(i)                
The Company shall be deemed not to have used its commercially reasonable efforts to cause the Exchange Offer Registration
Statement or any Shelf Registration Statement, as the case may be, to become, or to remain, effective during the requisite periods
set forth herein if the Company voluntarily takes any action that could reasonably be expected to result in any such Registration
Statement not being effective or remaining effective or in the Holders of Registrable Securities (including, under the circumstances
contemplated by Section 3(f) hereof, Exchange Securities) covered thereby not being able to exchange or offer and sell such
Registrable Securities during that period unless (A) such action is required by applicable law or (B) such action is taken by the
Company in good faith and for valid business reasons (but not including avoidance of the Company’s obligations hereunder),
including, but not limited to, the acquisition or divestiture of assets or a material corporate transaction or event, or if the
Company determines in good faith that effecting or maintaining the availability of the registration would materially and adversely
affect an offering of securities of the Company or if the Company is in possession of material non-public information the disclosure
of which would not be in the best interests of the Company, in each case so long as the Company promptly complies with the notification
requirements of Section 3(k) hereof, if applicable. Nothing in this Section 2(d)(i) shall prevent the accrual
of Additional Interest (as defined below) on any Registrable Securities or Exchange Securities.

 

(ii)              An
Exchange Offer Registration Statement pursuant to Section 2(a) hereof or a Shelf Registration Statement pursuant to Section
2(b) hereof shall not be deemed to have become effective unless it has been declared effective by the SEC or becomes
effective in accordance with the provisions of Section 8(a) of the 1933 Act; provided, however, that if, after
such Registration Statement has become effective, the offering of Registrable Securities pursuant to a Registration Statement
is interfered with by any stop order, injunction or other order or requirement of the SEC or any other governmental agency or
court, such Registration Statement shall be deemed not to have been effective during the period of such interference until
the offering of Registrable Securities pursuant to such Registration Statement may legally resume.

 

    9 

     

    

 

(iii)           
During any 365-day period, the Company may, by notice as described in Section 3(e), suspend the availability
of a Shelf Registration Statement (and, if the Exchange Offer Registration Statement is being used in connection with the resale
of Exchange Securities by Participating Broker-Dealers as contemplated by Section 3(f), the Exchange Offer Registration
Statement) and the use of the related Prospectus for up to two periods of up to 60 consecutive days each (except for the consecutive
60-day period immediately prior to final maturity of the Subordinated Notes), but no more than an aggregate of 120 days during
any 365-day period, upon (A) the happening of any event or the discovery of any fact referred to in Section 3(e)(v), or
(B) if the Company determines in good faith that effecting or maintaining the availability of the registration would materially
and adversely affect an offering of securities of the Company or if the Company is in possession of material non-public information
the disclosure of which would not be in the best interests of the Company, in each case subject to compliance by the Company with
its obligations under the last paragraph of Section 3 and to the notification requirements of Section 3(k) hereof,
if applicable.

 

(e)              
Increase in Interest Rate. In the event that:

 

(i)              the Exchange Offer Registration Statement is not filed with the SEC on or prior to the 60th day following the Closing
Date, or

 

(ii)             the Exchange Offer Registration Statement is not effective with the SEC on or prior to the 120th day following the
Closing Date, or

 

(iii)           the
Exchange Offer is not consummated on or prior to the 45th day following the effective date of the Exchange Offer Registration
Statement, or

 

(iv)            
if required, a Shelf Registration Statement is not filed with the SEC on or prior to (A) the 180th day following
the Closing Date or (B) the 60th day after the obligation to file with the SEC a Shelf Registration Statement arises, whichever
is later, or

 

(v)              
if required, a Shelf Registration Statement is not effective on or prior to (a) the 225th day following the Closing
Date or (b) the 105th day after an obligation to file with the SEC a Shelf Registration Statement arises, whichever is later, or

 

(vi)             a
Shelf Registration Statement is effective with the SEC but such Shelf Registration Statement ceases to be effective or such
Shelf Registration Statement or the Prospectus included therein ceases to be usable in connection with resales of Registrable
Securities for any reason and (A) the aggregate number of days in any consecutive 365-day period for which the Shelf
Registration Statement or such Prospectus shall not be effective or usable exceeds 120 days, (B) the Shelf Registration
Statement or such Prospectus shall not be effective or usable for more than two periods (regardless of duration) in any
consecutive 365-day period or (C) the Shelf Registration Statement or such Prospectus shall not be effective or usable for a
period of more than 90 consecutive days, or

 

    10 

     

    

 

(vii)         
the Exchange Offer Registration Statement is effective with the SEC but, if the Exchange Offer Registration Statement
is being used in connection with the resale of Exchange Securities as contemplated by Section 3(f) of this Agreement, the
Exchange Offer Registration Statement ceases to be effective or the Exchange Offer Registration Statement or the Prospectus included
therein ceases to be usable in connection with resales of Exchange Securities for any reason during the 180-day period referred
to in Section 3(f)(B) of this Agreement (as such period may be extended pursuant to the last paragraph of Section 3
of this Agreement) and (A) the aggregate number of days in any consecutive 365-day period for which the Exchange Offer Registration
Statement or such Prospectus shall not be effective or usable exceeds 120 days, (B) the Exchange Offer Registration Statement or
such Prospectus shall not be effective or usable for more than two periods (regardless of duration) in any consecutive 365-day
period or (C) the Exchange Offer Registration Statement or the Prospectus shall not be effective or usable for a period of more
than 90 consecutive days,

 

(each of the events referred to in
clauses (i) through (vii) above being hereinafter called a “Registration Default”), then the per annum
interest rate borne by the Registrable Securities shall be increased (“Additional Interest”) by
one-quarter of one percent (0.25%) per annum immediately following such 60-day period in the case of clause (i) above,
immediately following such 120-day period in the case of clause (ii) above, immediately following such 45-day period in the
case of clause (iii) above, immediately following any such 180-day period or 60-day period, whichever ends later, in the case
of clause (iv) above, immediately following any such 225-day period or 105-day period, as applicable, in the case of clause
(v) above, immediately following the 120th day in any consecutive 365-day period, as of the first day of the third period in
any consecutive 365-day period or immediately following the 90th consecutive day, whichever occurs first, that a Shelf
Registration Statement shall not be effective or a Shelf Registration Statement or the Prospectus included therein shall not
be usable as contemplated by clause (vi) above, or immediately following the 120th day in any consecutive 365-day period, as
of the first day of the third period in any consecutive 365-day period or immediately following the 90th consecutive day,
whichever occurs first, that the Exchange Offer Registration Statement shall not be effective or the Exchange Offer
Registration Statement or the Prospectus included therein shall not be usable as contemplated by clause (vii) above, which
rate will be increased by an additional one-quarter of one percent (0.25%) per annum immediately following each 90-day period
that any Additional Interest continues to accrue under any circumstances; provided, however that, if at any time more
than one Registration Default has occurred and is continuing, then, until the next date that there is no Registration
Default, the increase in interest rate provided for by this Section 2(e) shall apply as if there occurred a single
Registration Default that begins on the date that the earliest such Registration Default occurred and ends on such date that
there is no Registration Default; provided further, that the aggregate increase in such annual interest rate may in no
event exceed one-half of one percent (0.50%) per annum. Upon the filing of the Exchange Offer Registration Statement after
the 60-day period described in clause (i) above, the effectiveness of the Exchange Offer Registration Statement after the
120-day period described in clause (ii) above, the consummation of the Exchange Offer after the 45-day period described in
clause (iii) above, the filing of the Shelf Registration Statement after the 180-day period or 60-day period, as the case may
be, described in clause (iv) above, the effectiveness of a Shelf Registration Statement after the 225-day period or 105-day
period, as applicable, described in clause (v) above, the Shelf Registration Statement once again being effective or the
Shelf Registration Statement and the Prospectus included therein becoming usable in connection with resales of Registrable
Securities, as the case may be, in the case of clause (vi) above, or the Exchange Offer Registration Statement once again
becoming effective or the Exchange Offer Registration Statement and the Prospectus included therein becoming usable in
connection with resales of Exchange Securities, as the case may be, in the case of clause (vii) thereof, the interest rate
borne by the Registrable Securities from the date of such filing, effectiveness, consummation or resumption of effectiveness
or usability, as the case may be, shall be reduced to the original interest rate so long as no other Registration Default
shall have occurred and shall be continuing at such time and the Company is otherwise in compliance with this Section
2(e); provided, however, that, if after any such reduction in interest rate, one or more Registration
Defaults shall again occur, the interest rate shall again be increased pursuant to the foregoing provisions (as if it were
the original Registration Default). Notwithstanding anything in this Agreement to the contrary, the Company will not be
obligated to pay any Additional Interest in the case of a Shelf Registration Statement with respect to any Holder of
Registrable Securities who fails to timely provide all information with respect to Holder that is reasonably requested by the
Company to enable it to timely comply with its obligations under Section 2(b).

 

    11 

     

    

 

The Company shall notify
the Trustee within three Business Days after each and every date on which an event occurs in respect of which Additional Interest
is required to be paid (an “Event Date”). Additional Interest shall be paid by depositing with the Trustee,
in trust, for the benefit of the Holders of Registrable Securities, on or before the applicable interest payment date, immediately
available funds in sums sufficient to pay the Additional Interest then due. The Additional Interest due shall be payable on each
interest payment date to the record Holder of Registrable Securities entitled to receive the interest payment to be paid on such
date as set forth in the Indenture. Each obligation to pay Additional Interest shall be deemed to accrue from and including the
day following the applicable Event Date.

 

Anything herein to
the contrary notwithstanding, any Holder who was, at the time the Exchange Offer was pending and consummated, eligible to exchange,
and did not validly tender, its Subordinated Notes for Exchange Securities in the Exchange Offer will not be entitled to receive
any Additional Interest.

 

(f)               Specific
Enforcement. Without limiting the remedies available to the Holders or any Participating Broker-Dealer, the Company acknowledges
that any failure by the Company to comply with its obligations under Sections 2(a) and 2(b) hereof may result
in material irreparable injury to the Holders or the Participating Broker-Dealers for which there is no adequate remedy at law,
that it will not be possible to measure damages for such injuries precisely and that, in the event of any such failure, any Holder
and any Participating Broker-Dealer may seek such relief as may be required to specifically enforce the Company’s obligations
under Sections 2(a) and 2(b).

 

    12 

     

    

 

3.              
Registration Procedures. In connection with the obligations of the Company
with respect to the Registration Statements pursuant to Sections 2(a) and 2(b) hereof, the Company shall:

 

(a)              
prepare and file with the SEC a Registration Statement or, if required, Registration Statements, within the time
periods specified in Section 2, on the appropriate form under the 1933 Act, which form (i) shall be selected by the Company,
(ii) shall, in the case of a Shelf Registration Statement, be available for the sale of the Registrable Securities by the selling
Holders thereof and (iii) shall comply as to form in all material respects with the requirements of the applicable form and include
or incorporate by reference all financial statements required by the SEC to be filed therewith or incorporated by reference therein,
and use its commercially reasonable efforts to cause such Registration Statement to become effective and remain effective for the
applicable period in accordance with Section 2 hereof;

 

(b)              
prepare and file with the SEC such amendments and post-effective amendments to each Registration Statement as may
be necessary under applicable law to keep such Registration Statement effective for the applicable period in accordance with Section
2 hereof; cause each Prospectus to be supplemented by any required prospectus supplement, and as so supplemented to be filed
pursuant to Rule 424 under the 1933 Act; and comply with the provisions of the 1933 Act and the 1934 Act with respect to the disposition
of all Registrable Securities covered by each Registration Statement during the applicable period in accordance with the intended
method or methods of distribution by the selling Holders thereof;

 

(c)              
in the case of a Shelf Registration, (i) notify each Holder of Registrable Securities, at least ten Business Days
prior to filing, that a Shelf Registration Statement with respect to the Registrable Securities is being filed and advising such
Holders that the distribution of Registrable Securities will be made in accordance with the method elected by the Majority Holders;
(ii) furnish to each Holder of Registrable Securities and counsel for the Holders, without charge, as many copies of each Prospectus,
including each preliminary Prospectus, and any amendment or supplement thereto and such other documents as such Holder or counsel
may reasonably request, including financial statements and schedules and, if such Holder or counsel so requests, all exhibits (including
those incorporated by reference) in order to facilitate the public sale or other disposition of the Registrable Securities; and
(iii) subject to the penultimate paragraph of this Section 3, the Company hereby consents to the use of the Prospectus,
including each preliminary Prospectus, or any amendment or supplement thereto by each of the Holders of Registrable Securities
in accordance with applicable law in connection with the offering and sale of the Registrable Securities covered by and in the
manner described in any Prospectus or any amendment or supplement thereto;

 

(d)              
use its commercially reasonable efforts to register or qualify the Registrable Securities under all applicable state
securities or “blue sky” laws of such jurisdictions as any Holder of Registrable Securities covered by a Registration
Statement shall reasonably request, to cooperate with the Holders of any Registrable Securities in connection with any filings
required to be made with FINRA, to keep each such registration or qualification effective during the period such Registration Statement
is required to be effective and do any and all other acts and things which may be reasonably necessary or advisable to enable such
Holder to consummate the disposition in each such jurisdiction of such Registrable Securities owned by such Holder; provided, however, that the
Company shall not be required to (i) qualify as a foreign corporation or entity or as a dealer in
securities in any jurisdiction where it would not otherwise be required to qualify but for this Section 3(d) or (ii) take
any action which would subject it to general service of process or taxation in any such jurisdiction if it is not then so subject;

 

    13 

     

    

 

  

(e)              
in the case of a Shelf Registration, notify each Holder of Registrable Securities and counsel for such Holders promptly
and, if requested by such Holder or counsel, confirm such advice in writing promptly:

 

(i)               when a Registration Statement has become effective and when any post-effective amendments and supplements thereto
become effective,

 

(ii)             
of any request by the SEC or any state securities authority for post-effective amendments or supplements to a Registration
Statement or Prospectus or for additional information after a Registration Statement has become effective (other than comments
to 1934 Act reports incorporated therein by reference),

 

(iii)           
of the issuance by the SEC or any state securities authority of any stop order suspending the effectiveness of a
Registration Statement or the initiation of any proceedings for that purpose,

 

(iv)            
of the receipt by the Company of any notification with respect to the suspension of the qualification of the Registrable
Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose,

 

(v)              of
the happening of any event or the discovery of any facts during the period a Shelf Registration Statement is effective which is
contemplated in Section 2(d)(i) or which makes any statement made in such Shelf Registration Statement or the related Prospectus
untrue in any material respect or which constitutes an omission to state a material fact in such Shelf Registration Statement
or Prospectus and

 

(vi)            
of any determination by the Company that a post-effective amendment to a Registration Statement would be appropriate.
Without limitation to any other provisions of this Agreement, the Company agrees that this Section 3(e) shall also be applicable,
mutatis mutandis, with respect to the Exchange Offer Registration Statement and the Prospectus included therein to the extent that
such Prospectus is being used by Participating Broker-Dealers as contemplated by Section 3(f);

 

(f)               
 

 

(A)       in
the case of an Exchange Offer, (i) include in the Exchange Offer Registration Statement (1) a “Plan of
Distribution” section covering the use of the Prospectus included in the Exchange Offer Registration Statement by
broker-dealers who have exchanged their Registrable Securities for Exchange Securities for the resale of such Exchange
Securities and (2) a statement to the effect that any such broker-dealers who wish to use the related Prospectus in
connection with the resale of Exchange Securities acquired as a result of market-making or other trading activities will be
required to notify the Company to that effect, together with instructions for giving such notice (which instructions shall
include a provision for giving such notice by checking a box or making another appropriate notation on the related letter of
transmittal) (each such broker-dealer who gives notice to the Company as aforesaid being hereinafter called a
“Notifying Broker-Dealer”), (ii) furnish to each Notifying Broker-Dealer who desires to participate in the
Exchange Offer, without charge, as many copies of each Prospectus included in the Exchange Offer Registration Statement,
including any preliminary prospectus, and any amendment or supplement thereto, as such broker-dealer may reasonably request,
(iii) include in the Exchange Offer Registration Statement a statement that any broker-dealer who holds Registrable
Securities acquired for its own account as a result of market-making activities or other trading activities (a
“Participating Broker-Dealer”), and who receives Exchange Securities for Registrable Securities pursuant
to the Exchange Offer, may be a statutory underwriter and must deliver a prospectus meeting the requirements of the 1933 Act
in connection with any resale of such Exchange Securities, (iv) subject to the penultimate paragraph of this Section 3,
the Company hereby consents to the use of the Prospectus forming part of the Exchange Offer Registration Statement or any
amendment or supplement thereto by any Notifying Broker-Dealer in accordance with applicable law in connection with the sale
or transfer of Exchange Securities, and (v) include in the transmittal letter or similar documentation to be executed by an
exchange offeree in order to participate in the Exchange Offer the following provision:

 

    14

     

    

 

“If the undersigned is not
a broker-dealer, the undersigned represents that it is not engaged in, and does not intend to engage in, a distribution of Exchange
Securities. If the undersigned is a broker-dealer that will receive Exchange Securities for its own account in exchange for Registrable
Securities, it represents that the Registrable Securities to be exchanged for Exchange Securities were acquired by it as a result
of market-making activities or other trading activities and acknowledges that it will deliver a prospectus meeting the requirements
of the 1933 Act in connection with any resale of such Exchange Securities pursuant to the Exchange Offer; however, by so acknowledging
and by delivering a prospectus, the undersigned will not be deemed to admit that it is an “underwriter” within the
meaning of the 1933 Act;”

 

(B)              to
the extent any Notifying Broker-Dealer participates in the Exchange Offer, (i) the Company shall use its commercially
reasonable efforts to maintain the effectiveness of the Exchange Offer Registration Statement for a period of 180 days
(subject to extension pursuant to the last paragraph of this Section 3) following the last date on which exchanges are
accepted pursuant to the Exchange Offer, and (ii) the Company will comply, insofar as relates to the Exchange Offer
Registration Statement, the Prospectus included therein and the offering and sale of Exchange Securities pursuant thereto,
with its obligations under Section 2(b)(D), the last paragraph of Section 2(b), Sections 3(c), 3(d), 3(e), 3(g), 3(i), 3(j), 3(k), 3(o), 3(p), 3(q), 3(r)
and 3(s), and the last three paragraphs of this Section 3 as if all references therein to a Shelf
Registration Statement, the Prospectus included therein and the Holders of Registrable Securities referred, mutatis mutandis,
to the Exchange Offer Registration Statement, the Prospectus included therein and the applicable Notifying Broker-Dealers
and, for purposes of this Section 3(f), all references in any such paragraphs or sections to the “Majority
Holders” shall be deemed to mean, solely insofar as relates to this Section 3(f), the Notifying Broker-
Dealers who are the Holders of the majority in aggregate principal amount of the Exchange Securities which are Registrable
Securities; and

 

    15

     

    

 

(C)             
the Company shall not be required to amend or supplement the Prospectus contained in the Exchange Offer Registration
Statement as would otherwise be contemplated by Sections 3(b) or 3(k) hereof, or take any other action as a result
of this Section 3(f), for a period exceeding 180 days (subject to extension pursuant to the last paragraph of this Section
3) after the last date on which exchanges are accepted pursuant to the Exchange Offer and Notifying Broker-Dealers shall not
be authorized by the Company to, and shall not, deliver such Prospectus after such period in connection with resales contemplated
by this Section 3;

 

(g)              
in the case of a Shelf Registration, furnish counsel for the Holders of Registrable Securities copies of any request
by the SEC or any state securities authority for amendments or supplements to a Registration Statement or Prospectus or for additional
information (other than comments to 1934 Act reports incorporated therein by reference);

 

(h)               use
its commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of a Registration Statement
as soon as practicable and provide immediate notice to each Holder of the withdrawal of any such order;

 

(i)                in the case of a Shelf Registration, upon request furnish to each Holder of Registrable Securities, without charge,
at least one conformed copy of each Registration Statement and any post-effective amendments thereto (without documents incorporated
or deemed to be incorporated therein by reference or exhibits thereto, unless requested);

 

(j)                in the case of a Shelf Registration, cooperate with the selling Holders of Registrable Securities to facilitate the
timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive
legends; and cause such Registrable Securities to be in such denominations (consistent with the provisions of the Indenture) and
in a form eligible for deposit with the Depositary and registered in such names as the selling Holders may reasonably request in
writing at least two Business Days prior to the closing of any sale of Registrable Securities;

 

(k)               in
the case of a Shelf Registration, upon the occurrence of any event or the discovery of any facts as contemplated by Section
3(e)(v) hereof, use its commercially reasonable efforts to prepare a supplement or post-effective amendment to a
Registration Statement and/or the related Prospectus or any document incorporated or deemed to be incorporated therein by
reference or file any other required document so that, as thereafter delivered to the purchasers of the Registrable
Securities, such Prospectus will not contain at the time of such delivery any untrue statement of a material fact or omit to
state a material fact necessary in order to make the statements therein, in light of the circumstances under which they were
made, not misleading. The Company agrees to notify as promptly as practicable after the occurrence of such event each Holder
to suspend use of the Prospectus as promptly as practicable after the occurrence of such an event, and each Holder hereby
agrees to suspend use of the Prospectus until the Company has amended or supplemented the Prospectus to correct such
misstatement or omission. At such time as such public disclosure is otherwise made or the Company determines that such
disclosure is not necessary, in each case to correct any misstatement of a material fact or to include any omitted material
fact, the Company agrees promptly to notify each Holder of such determination and to furnish each Holder such number of
copies of the Prospectus, as amended or supplemented, as such Holder may reasonably request;

 

    16

     

    

 

(l)                
obtain CUSIP and ISIN numbers for all Exchange Securities or Registrable Securities, as the case may be, not later
than the effective date of a Registration Statement, and provide the Trustee with printed or word-processed certificates for the
Exchange Securities or Registrable Securities, as the case may be, in a form eligible for deposit with the Depositary;

 

(m)            
(i) cause the Indenture to be qualified under the TIA in connection with the registration of the Exchange Securities
or Registrable Securities, as the case may be, (ii) cooperate with the Trustee and the Holders to effect such changes, if any,
to the Indenture as may be required for the Indenture to be so qualified in accordance with the terms of the TIA and (iii) execute,
and use its commercially reasonable efforts to cause the Trustee to execute, all documents as may be required to effect such changes,
if any, and all other forms and documents required to be filed with the SEC to enable the Indenture to be so qualified in a timely
manner;

 

(n)              
in the case of a Shelf Registration, upon request make available for inspection by representatives of the Holders
of the Registrable Securities participating in any disposition pursuant to a Shelf Registration Statement and any one counsel or
accountant retained by such Holders (with such inspection to occur at such time as mutually agreed between the Company and such
Persons), all financial statements and other records, documents and properties of the Company reasonably requested by any such
Persons, and cause the respective officers, directors, employees, and any other agents of the Company to supply all information
reasonably requested by any such Persons in connection with a Shelf Registration Statement; provided, that any such Persons
shall be required to execute a customary confidentiality agreement;

 

(o)              
in the case of a Shelf Registration, a reasonable time prior to filing any Shelf Registration Statement, any Prospectus
forming a part thereof, any amendment to such Shelf Registration Statement or amendment or supplement to such Prospectus, provide
copies of such document to the Holders of Registrable Securities and to counsel for any such Holders, and make such changes in
any such document prior to the filing thereof as the Holders of Registrable Securities, or any of their counsel may reasonably
request, and cause the representatives of the Company to be available for discussion of such documents as shall be reasonably requested
by the Holders of Registrable Securities and shall not at any time make any filing of any such document of which such Holders or
their counsel shall not have previously been advised and furnished a copy or to which such Holders or their counsel shall reasonably
object within a reasonable time period;

 

(p)              
in the case of a Shelf Registration, use its commercially reasonable efforts to cause all Registrable Securities
to be listed on any securities exchange on which similar debt securities issued by the Company are then listed if requested by
the Majority Holders;

 

(q)               in
the case of a Shelf Registration, use its commercially reasonable efforts to cause the Registrable Securities to be rated by
the same rating agency that initially rated the Subordinated Notes, if so requested by the Majority Holders of Registrable
Securities, unless the Registrable Securities are already so rated;

 

    17

     

    

 

(r)               
otherwise use its commercially reasonable efforts to comply with all applicable rules and regulations of the SEC
and, with respect to each Registration Statement and each post-effective amendment, if any, thereto and each filing by the Company
of an Annual Report on Form 10-K, make available to its security holders, as soon as reasonably practicable, an earnings statement
covering at least twelve months which shall satisfy the provisions of Section 11(a) of the 1933 Act and Rule 158 thereunder; and

 

(s)               
cooperate and assist in any filings required to be made with FINRA.

 

In the case of a Shelf
Registration Statement, the Company may (as a condition to such Holder’s participation in the Shelf Registration) require
each Holder of Registrable Securities to furnish to the Company such information regarding such Holder and the proposed distribution
by such Holder of such Registrable Securities as the Company may from time to time reasonably request in writing and require such
Holder to agree in writing to be bound by all provisions of this Agreement applicable to such Holder.

 

In the case of a Shelf
Registration Statement, each Holder agrees and, in the event that any Participating Broker-Dealer is using the Prospectus included
in the Exchange Offer Registration Statement in connection with the sale of Exchange Securities pursuant to Section 3(f),
each such Participating Broker-Dealer agrees that, upon receipt of any notice from the Company of the happening of any event or
the discovery of any facts of the kind described in Sections 3(e)(ii), 3(e)(iii) or 3(e)(iv) through 3(e)(vi)
hereof, such Holder or Participating Broker-Dealer, as the case may be, will forthwith discontinue disposition of Registrable Securities
pursuant to a Registration Statement until receipt by such Holder or Participating Broker-Dealer, as the case may be, of (i) the
copies of the supplemented or amended Prospectus contemplated by Section 3(k) hereof or (ii) written notice from the Company
that the Shelf Registration Statement or the Exchange Offer Registration Statement, respectively, are once again effective or that
no supplement or amendment is required. If so directed by the Company, such Holder or Participating Broker-Dealer, as the case
may be, will deliver to the Company (at the Company’s expense) all copies in its possession, other than permanent file copies
then in its possession, of the Prospectus covering such Registrable Securities current at the time of receipt of such notice. Nothing
in this paragraph shall prevent the accrual of Additional Interest on any Registrable Securities.

 

If the Company
shall give any such notice to suspend the disposition of Registrable Securities pursuant to the immediately preceding
paragraph, the Company shall be deemed to have used its commercially reasonable efforts to keep the Shelf Registration
Statement or, in the case of Section 3(f), the Exchange Offer Registration Statement, as the case may be, effective
during such period of suspension; provided that (i) such period of suspension shall not exceed the time periods
provided in Section 2(d)(iii) hereof and (ii) the Company shall use its commercially reasonable efforts to file and
have become effective (if an amendment) as soon as practicable thereafter an amendment or supplement to the Shelf
Registration Statement or the Exchange Offer Registration Statement or both, as the case may be, or the Prospectus included
therein and shall extend the period during which the Shelf Registration Statement or the Exchange Offer Registration
Statement or both, as the case may be, shall be maintained effective pursuant to this Agreement (and, if applicable, the
period during which Participating Broker-Dealers may use the Prospectus included in the Exchange Offer Registration Statement
pursuant to Section 3(f) hereof) by the number of
days during the period from and including the date of the giving of such notice to and including the earlier of the date when
the Holders or Participating Broker-Dealers, respectively, shall have received copies of the supplemented or amended
Prospectus necessary to resume such dispositions and the effective date of written notice from the Company to the Holders or
Participating Broker-Dealers, respectively, that the Shelf Registration Statement or the Exchange Offer Registration
Statement, respectively, are once again effective or that no supplement or amendment is required.

 

    18

     

    

 

		4.	Indemnification and Contribution.

 

(a)              
The Company agrees to indemnify and hold harmless each Holder, each Participating Broker-Dealer and each Person,
if any, who controls any Holder or Participating Broker-Dealer within the meaning of either Section 15 of the 1933 Act or Section
20 of the 1934 Act, as follows:

 

(i)               against any and all loss, liability, claim, damage and expense whatsoever, as incurred, arising out of any untrue
statement or alleged untrue statement of a material fact contained in any Registration Statement (or any amendment thereto) pursuant
to which Exchange Securities or Registrable Securities were registered under the 1933 Act, including all documents incorporated
therein by reference, or any omission or alleged omission therefrom of a material fact required to be stated therein or necessary
to make the statements therein not misleading, or arising out of any untrue statement or alleged untrue statement of a material
fact contained in any preliminary prospectus or Prospectus (or any amendment or supplement thereto) or any omission or alleged
omission therefrom of a material fact necessary in order to make the statements therein, in the light of the circumstances under
which they were made, not misleading;

 

(ii)             
against any and all loss, liability, claim, damage and expense whatsoever, as incurred, to the extent of the aggregate
amount paid in settlement of any litigation, or any investigation or proceeding by any governmental agency or body, commenced or
threatened, or of any claim whatsoever based upon any such untrue statement or omission, or any such alleged untrue statement or
omission described in subparagraph (i) above; provided that any such settlement is effected with the written consent of
the Company; and

 

(iii)           
against any and all expense whatsoever, as incurred (including, subject to Section 4(c) below, the fees
and disbursements of counsel chosen by any indemnified party), reasonably incurred in investigating, preparing or defending against
any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or any claim whatsoever
based upon any such untrue statement or omission, or any such alleged untrue statement or omission described in subparagraph (i)
above, to the extent that any such expense is not paid under subparagraph (i) or (ii) above;

 

provided, however, that
this indemnity agreement shall not apply to any loss, liability, claim, damage or expense to the extent arising out of any
untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with written
information furnished to the Company by any Holder or Participating Broker-Dealer with respect to such Holder, Participating
Broker-Dealer, as the case may be, expressly for use in the Registration Statement (or any amendment thereto) or the
Prospectus (or any amendment or supplement thereto).

 

    19

     

    

 

(b)              
Each Holder, severally but not jointly, agrees to indemnify and hold harmless the Company, each director of the Company,
each officer of the Company who signed the Registration Statement, each Participating Broker-Dealer and each other selling Holder
and each Person, if any, who controls the Company, any Participating Broker-Dealer or any other selling Holder within the meaning
of Section 15 of the 1933 Act or Section 20 of the 1934 Act against any and all loss, liability, claim, damage and expense described
in the indemnity contained in Section 4(a) hereof, as incurred, but only with respect to untrue statements or omissions,
or alleged untrue statements or omissions, made in the Shelf Registration Statement (or any amendment thereto) or any Prospectus
included therein (or any amendment or supplement thereto) in reliance upon and in conformity with written information with respect
to such Holder furnished to the Company by such Holder expressly for use in the Shelf Registration Statement (or any amendment
thereto) or such Prospectus (or any amendment or supplement thereto); provided, however, that no such Holder shall
be liable for any claims hereunder in excess of the dollar amount of the net proceeds received by such Holder upon the sale of
the Registrable Securities sold by it.

 

(c)               Each
indemnified party shall give notice as promptly as reasonably practicable to each indemnifying party of any action commenced
against it in respect of which indemnity may be sought hereunder, but failure so to notify an indemnifying party shall not
relieve such indemnifying party from any liability hereunder to the extent it is not materially prejudiced as a result
thereof and in any event shall not relieve it from any liability which it may have otherwise than on account of this
indemnity agreement. Counsel to the respective indemnified parties shall be selected as follows: (i) counsel to the Company,
its directors, each of its officers who signed the Registration Statement and all Persons, if any, who control the Company
within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act shall be selected by the Company; (ii) counsel
to the Holders (other than Participating Broker-Dealers) and all Persons, if any, who control any Holders (other than any
Participating Broker-Dealers) within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act shall be
selected by the Holders who held or hold, as the case may be, a majority in aggregate principal amount of the Registrable
Securities held by all such Holders; and (iii) counsel to the Participating Broker-Dealers and all Persons, if any, who
control any such Participating Broker-Dealer within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act
shall be selected by the Participating Broker-Dealers who held or hold, as the case may be, a majority in aggregate principal
amount of the Exchange Securities referred to in Section 3(f) hereof held by all such Participating Broker-Dealers. In
no event shall the indemnifying party or parties be liable for (A) the fees and expenses of more than one counsel (in
addition to any local counsel) separate from the indemnifying parties’ own counsel for the Company and all other
Persons referred to in clause (i) of this Section 4(c), (B) the fees and expenses of more than one counsel (in
addition to any local counsel) separate from the indemnifying parties’ own counsel for all Holders (other than
Participating Broker-Dealers) and all other Persons referred to in clause (ii) of this Section 4(c), and (C) the
fees and expenses of more than one counsel (in addition to any local counsel) separate from the indemnifying parties’
own counsel for all Participating Broker-Dealers and all other Persons referred to in clause (iii) of this Section 4(c),
in each case in connection with any one action or separate but similar or related actions in the same jurisdiction arising
out of the same general allegations or circumstances. The indemnifying party shall be entitled to participate therein and, to
the extent that it shall elect, jointly with any other indemnifying party similarly notified, to assume the defense thereof,
with counsel reasonably satisfactory to such indemnified party, provided, however, if
the defendants in any such action include both the indemnified party and the indemnifying party and the indemnified party
shall have reasonably concluded that a conflict may arise between the positions of the indemnifying party and the indemnified
party in conducting the defense of any such action or that there may be legal defenses available to it and/or other
indemnified parties which are different from or additional to those available to the indemnifying party, the indemnified
party or parties shall have the right to select separate counsel to assume such legal defenses and to otherwise participate
in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party to
such indemnified party of its election so to assume the defense thereof, the indemnifying party shall not be liable to such
indemnified party under this Section 4(c) for any legal expenses of other counsel or any other expenses, in each
case subsequently incurred by such indemnified party, in connection with the defense thereof other than reasonable costs of
investigation unless (A) the indemnified party shall have employed separate counsel in accordance with the proviso to the
preceding sentence (it being understood, however, that the indemnifying party shall not be liable for the expenses of more
than one separate counsel, approved by the indemnifying party) or (B) the indemnifying party shall not have employed counsel
reasonably satisfactory to the indemnified party within a reasonable time after notice of commencement of the action, in each
of which cases the fees and expenses of counsel shall be at the expense of the indemnifying party. No indemnifying party
shall, without the prior written consent of the indemnified parties, settle or compromise or consent to the entry of any
judgment with respect to any litigation, or any investigation or proceeding by any governmental agency or body, commenced or
threatened, or any claim whatsoever in respect of which indemnification or contribution could be sought under this Section
4 (whether or not the indemnified parties are actual or potential parties thereto), unless such settlement, compromise or
consent (i) includes an unconditional release of each indemnified party from all liability arising out of such litigation,
investigation, proceeding or claim and (ii) does not include a statement as to or an admission of fault, culpability or a
failure to act by or on behalf of any indemnified party.

 

    20

     

    

 

(d)              
If the indemnification provided for in this Section 4 is for any reason unavailable to or insufficient to
hold harmless an indemnified party in respect of any losses, liabilities, claims, damages or expenses referred to therein, then
each indemnifying party shall contribute to the aggregate amount of such losses, liabilities, claims, damages and expenses incurred
by such indemnified party, as incurred, in such proportion as is appropriate to reflect the relative fault of the indemnifying
party or parties on the one hand and of the indemnified party or parties on the other hand in connection with the statements or
omissions that resulted in such losses, liabilities, claims, damages or expenses, as well as any other relevant equitable considerations.
The relative fault of such indemnifying party or parties on the one hand and the indemnified party or parties on the other hand
shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or omission
or alleged omission to state a material fact relates to information supplied by such indemnifying party or parties or such indemnified
party or parties, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission.

 

(e)               The
Company and the Holders agree that it would not be just or equitable if contribution pursuant to this Section 4 were
determined by pro rata allocation or by any other method of allocation that does not take account of the equitable
considerations referred to in Section 4(d) above. The aggregate amount of losses, liabilities, claims, damages
and expenses incurred by an indemnified party and referred to above in this Section 4
shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in investigating,
preparing or defending against any litigation, or any investigation or proceeding by any governmental agency or body,
commenced or threatened, or any claim whatsoever based upon any such untrue or alleged untrue statement or omission or
alleged omission.

 

Notwithstanding the
provisions of this Section 4, other than in the case of intentional misrepresentation or omission of a material fact, no
Holder or Participating Broker-Dealer shall be required to contribute, any amount in excess of the total price at which Registrable
Securities sold by it were offered exceeds the amount of any damages that such Holder or Participating Broker-Dealer has otherwise
been required to pay by reason of any such untrue or alleged untrue statement or omission or alleged omission.

 

No Person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the 1933 Act) shall be entitled to contribution from any Person
who was not guilty of such fraudulent misrepresentation.

 

    21

     

    

 

For purposes of this
Section 4, each Person, if any, who controls a Holder or Participating Broker-Dealer within the meaning of Section 15 of
the 1933 Act or Section 20 of the 1934 Act shall have the same rights to contribution as such Holder or Participating Broker-Dealer,
as the case may be, and each director of the Company, each officer of the Company who signed the Registration Statement and each
Person, if any, who controls the Company within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act shall have
the same rights to contribution as the Company.

 

The respective obligations
of the Holders and Participating Broker-Dealers to contribute pursuant to this Section 4 are several in proportion to the
principal amount of Subordinated Notes purchased by them and not joint.

 

The indemnity and contribution
provisions contained in this Section 4 shall remain operative and in full force and effect regardless of (i) any termination
of this Agreement, (ii) any investigation made by or on behalf of any Holder or Participating Broker-Dealer or any Person controlling
any Holder or Participating Broker-Dealer, or by or on behalf of the Company, its officers or directors or any Person controlling
the Company, (iii) acceptance of any of the Exchange Securities and (iv) any sale of Registrable Securities or Exchange Securities
pursuant to a Shelf Registration Statement.

 

		5.	Miscellaneous.

 

(a)               Rule
144 and Rule 144A. For so long as the Company is subject to the reporting requirements of Section 13 or 15 of the 1934
Act, the Company covenants that it will file all reports required to be filed by it under Section 13(a) or 15(d) of the 1934
Act and the rules and regulations adopted by the SEC thereunder, and that if it ceases to be so required to file such
reports, it will upon the request of any Holder or beneficial owner of Registrable Securities (i) make publicly available
such information (including, without limitation, the information specified in Rule 144(c)(2) under the 1933 Act) as is
necessary to permit sales pursuant to Rule 144 under the 1933 Act, (ii) deliver or cause to be delivered, promptly following
a request by any Holder or beneficial owner of Registrable Securities or any prospective purchaser or transferee designated
by such Holder or beneficial owner, such information (including, without limitation, the information specified in Rule
144A(d)(4) under the 1933 Act) as is necessary to permit sales pursuant to Rule 144A under the 1933 Act, and (iii) take such
further action that is reasonable under the circumstances, in each case to the extent required from time to time to enable
such Holder to sell its Registrable Securities without registration under the 1933 Act within the limitation of the
exemptions provided by (x) Rule 144 under the 1933 Act, as such Rule may be amended from time to time, (y) Rule 144A under
the 1933 Act, as such Rule may be amended from time to time, or (z) any similar rules or regulations hereafter adopted by the
SEC. Upon the request of any Holder or
beneficial owner of Registrable Securities, the Company will deliver to such Holder a written statement as to whether it has
complied with such requirements.

 

    22

     

    

 

(b)              
No Inconsistent Agreements. The Company has not entered into nor will the Company on or after the date of
this Agreement enter into any agreement which is inconsistent with the rights granted to the Holders of Registrable Securities
in this Agreement or otherwise conflicts with the provisions hereof; provided that the Company will not be precluded from
entering into any agreement after the date hereof which may or does result, directly or indirectly, in the payment of Additional
Interest. The rights granted to the Holders hereunder do not and will not in any way conflict in any material respects with and
are not and will not be inconsistent in any material respects with the rights granted to the holders of any of the Company’s
other issued and outstanding securities under any other agreements entered into by the Company or any of its Subsidiaries.

 

(c)              
Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not
be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, unless
the Company has obtained the prior written consent of Holders of at least a majority in aggregate principal amount of the outstanding
Registrable Securities affected by such amendment, modification, supplement, waiver or departure.

 

(d)              
Notices. All notices and other communications provided for or permitted hereunder shall be made in writing
by hand-delivery, registered first-class mail, electronic mail, or any courier guaranteeing overnight delivery (i) if to a Holder
or Participating Broker-Dealer at the most current address set forth on the records of the registrar under the Indenture, and (ii)
if to the Company, initially at the address set forth in the Purchase Agreement and thereafter at such other address, notice of
which is given in accordance with the provisions of this Section 5(d).

 

All such notices and
communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; five Business Days
after being deposited in the mail, postage prepaid, if mailed; when receipt is acknowledged, if sent via electronic mail; and on
the next Business Day if timely delivered to an air courier guaranteeing overnight delivery.

 

Copies of all such
notices, demands or other communications shall be concurrently delivered by the Person giving the same to the Trustee, at the address
specified in the Indenture.

 

    23

     

    

 

(e)              
 Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors,
assigns and transferees of each of the parties, including, without limitation and without the need for an express assignment, subsequent
Holders; provided that nothing herein shall be deemed to permit any assignment, transfer or other disposition of Registrable
Securities in violation of the terms hereof or of the Purchase Agreement or the Indenture. If any transferee of any Holder shall
acquire Registrable Securities, in any manner, whether by operation of law or otherwise, such Registrable Securities shall be held
subject to all of the terms of this Agreement, and by taking and holding such Registrable Securities, such Person shall be conclusively
deemed to have agreed to be bound by and to perform all of the terms and provisions of this Agreement, including the restrictions
on resale set forth in this Agreement and, if applicable, the Purchase Agreement, and such Person shall be entitled to receive
the benefits hereof.

 

(f)               
Third Party Beneficiary. Each Holder and Participating Broker-Dealer shall be a third party beneficiary of
the agreements made hereunder and shall have the right to enforce such agreements directly to the extent it deems such enforcement
necessary or advisable to protect its rights or the rights of other Holders hereunder. Each Holder, by its acquisition of Subordinated
Notes, shall be deemed to have agreed to the provisions of Section 5(b) hereof.

 

(g)              
Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute
one and the same agreement. In the event that any signature is delivered by facsimile transmission, or by electronic mail delivery
of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or
on whose behalf such signature is executed) with the same force and effect as if such facsimile signature page were an original
thereof.

 

(h)              
Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise
affect the meaning hereof.

 

(i)               
Restriction on Resales. If the Company or any of its Subsidiaries or affiliates (as defined in Rule 144 under
the 1933 Act) shall redeem, purchase or otherwise acquire any Registrable Security or any Exchange Security which is a “restricted
security” within the meaning of Rule 144 under the 1933 Act, the Company will deliver or cause to be delivered such Registrable
Security or Exchange Security, as the case may be, to the Trustee for cancellation and neither the Company nor any of its Subsidiaries
or affiliates will hold or resell such Registrable Security or Exchange Security or issue any new Registrable Security or Exchange
Security to replace the same.

 

(j)               
GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF NEW YORK.

 

(k)              
Entire Agreement; Severability. This Agreement contains the entire agreement between the parties relating
to the subject matter hereof and supersedes all oral statements and prior writings with respect hereto. In the event that any
one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable,
the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained
herein shall not be affected or impaired thereby. 

 

[Signature Pages Follow]

 

    24

     

    

 

IN WITNESS WHEREOF,
the Company has caused this Registration Rights Agreement to be executed by its duly authorized representative as of the date first
above written.

 

	 	COMPANY:
	 	 
	 	ATLANTIC CAPITAL BANCSHARES, INC.  
	 	 
	 	By:	       
	 	 	Douglas L. Williams, President and Chief Executive Officer

 

[Company
Signature Page to Registration Rights Agreement]

  

    

     

    

 

IN WITNESS WHEREOF,
the undersigned Purchaser has caused this Registration Agreement to be executed by its duly authorized representative as of the
date first above written.

 

	 	PURCHASER:
	 	 
	 	[INSERT PURCHASER’S NAME]

 

	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Purchaser
Signature Page to Registration Rights Agreement]Exhibt 10.1

 

	20
    August 2020
	  

        (1)       Cryoport
        INC., as Purchaser                

         

        (2)       Each
        of the Sellers identified herein

         

	 	 	 
	SECURITIES
    PURCHASE AGREEMENT
	 	 	 
	 

        with
        respect to the Securities of

        Advanced Therapy Logistics and Solutions SAS

         

 

	 	En accord
    avec les parties, les présentes ont été reliées par le procédé ASSEMBLACT R.C. empêchant
    toute substitution ou addition et sont seulement signées à la dernière page

 

 

     

     

    

 

CONTENTS

  

	1.	Interpretation	7
	1.1.	Definitions	7
	1.2.	Principles of Interpretation	17
	2.	Sale and purchase	18
	3.	Purchase price of the
transferred Securities	18
	3.1.	Amount of the Purchase
Price	18
	3.2.	Allocation of the Purchase
Price amongst the Sellers	18
	3.3.	Existing Indebtedness	19
	3.4.	Closing Payments and Post-Closing
Adjustment	19
	4.	PRE-closing ACTIONS      	22
	4.1.	Release of financing encumbrances	22
	4.2.	conversion of cryo international
and cryo express into simplified joint stock

 companies	22
	4.3.	Management of the group
companies between the effective date and the 

closing date	23
	4.4.	warranty insurance policy	23
	5.	Closing	23
	5.1.	Date and Place of Closing	23
	5.2.	Closing Deliverables	24
	5.3.	Matters at Closing	25
	6.	Covenants	25
	6.1.	Access to Information and
Records after Closing	25
	6.2.	Former Officers and Directors
and Shareholders	26
	7.	Representations of the
Purchaser	26
	7.1.	Organization, Authority
and Validity	26
	7.2.	No Conflict	26
	7.3.	Governmental Authorizations,
Consent	26
	7.4.	Financing	27
	7.5.	Acknowledgement	27
	8.	Representations of the
Sellers	27
	8.1.	General Representations
by each Seller Individually	27
	8.2.	Additional Representations
by the Sellers on a Several Basis	28
	9.	REPRESENTATIONS AND WARRANTIES
UNDER THE AL SPA	29
	10.	Indemnification by the
Sellers	31
	10.1.	Nature of the Sellers'
Obligations	31
	10.2.	Maximum Liability - Mitigation	31
	10.3.	Time Limitation –
Conduct of Claims	32
	11.	Non-sollicitation of employees	33
	12.	NON-COMPETE	33
	13.	Confidentiality	34
	13.1.	Public Announcements	34
	13.2.	Non-Disclosure	34
	14.	Miscellaneous	34
	14.1.	Further Actions	34
	14.2.	Sellers' Representative	35
	14.3.	Notices and Communications	36
	14.4.	Costs and Expenses	37
	14.5.	Absence of Third-Party
Rights – Assignment	38
	14.6.	Entire Agreement	38
	14.7.	Explicit waivers	38
	14.8.	Enforcement	38
	14.9.	counsel and legal advisors	38
	14.10.	Waiver of article 1995
of the French Civil Code and termination	39
	14.11.	Waivers and Amendments	39
	14.12.	Severability	39
	14.13.	Governing Law and Disputes	39

 

     

     

    

 

SECURITIES
PURCHASE AGREEMENT

 

THIS
SECURITIES PURCHASE AGREEMENT (this "Agreement") is entered into as of 20 August, 2020, by and between:

 

		(1)	Cryoport,
                                         INC.,
                                         a corporation organized under the laws of the State of Nevada having its principal place
                                         of business at 112 Westwood Place – Suite 350, Brentwood, Tennessee 37027 , duly
                                         represented, duly authorized for the purposes hereof (hereinafter referred to as the
                                         "Purchaser"); and

 

ON
THE ONE HAND

 

AND
EACH OF:

 

		(2)	Hivest
                                         I FPCI, a fonds professionnel de
                                         capital investissement governed by articles L. 214-159 et seq. of
                                         the French Code monétaire et financier, represented by its management company
                                         (société de gestion), Hivest Capital Partners, a company (société
                                         par actions simplifiée) organized under the laws of France, having its registered
                                         office at 24, rue de Prony, 75017, Paris, France, registered with the trade and companies
                                         registry of Paris under number 823 869 979 (hereinafter referred to as "Hivest
                                         Capital Partners"), represented by Mr. Cédric Lépée, duly
                                         authorized for the purposes hereof;

 

		(3)	Monsieur
                                         Cedric Picaud,
                                         born on 9 Decembrer 1974 in Saint-Martin-D'hères (38) residing 356 Chemin du Cret,
                                         01170 GEX, France ;

 

		(4)	Monsieur
                                         Guillaume Chevillon,
                                         born on 21 April 1981 in Paris 14e (75) residing 29 rue de la fontaine au roi, 75011
                                         Paris, France ;

 

		(5)	Madame
                                         Karine
                                         Gradzie, born on 12 December 1966
                                         in Mans (72) residing 23 Avenue Balzac, 94210 Saint-Maur-des-Fossés, France ;

 

		(6)	Monsieur
                                         Tangi Tremorin,
                                         born on 5 avril 1975 in Léhon (22) residing 344 Route de la Carnalaz, 73420 Drumettaz
                                         Clarafond, France ;

 

		(7)	Madame
                                         Berangere Delahaye, born
                                         on 23 February1976 in Versailles (78) residing11 rue Eugène Carrière, 75018
                                         Paris, France ;

 

		(8)	Monsieur
                                         Sebastien Oudard,
                                         born on 19 November 1973 in Romilly-sur-Seine (10) residing 15 Lotissement du chemin
                                         neuf, 42410 Chavanay, France ;

 

		(9)	Monsieur
                                         Nicolas Pedrono,
                                         born on 7 mai 1975 à Caen (14) residing R Palmeiras 53 4C, Parede, 2775-347 Parede,
                                         Portugal ;

 

		(10)	Monsieur
                                         Mark Pettler,
                                         born on 26 December 1963 in Hartlepool (Angleterre) residing 3 Weyview Close, Guildford,
                                         Surrey GU1 1HN United Kingdom ;

 

		(11)	Monsieur
                                         Girish Pattathil Radhakrishnan, born
                                         on 3 December 1959 in Mannur, Kerala (Inde) residing 307 Silver Creast, C Wing RAHEJA
                                         VIHAR, Chandivali Studio, Chandivali, Andheri East, Mumbai, Maharashtra 400072, Inde ;

 

		(12)	Monsieur
                                         Wasim Dingankar,
                                         born on 10 août 1974 in Mumbai, Maharashtra (Inde) residing Carlton Patalipada
                                         Carlton CHSL, Flat 301 9th Floor, Hiranandani Estate, Ghod Bunder, Road, Thane, 400607,
                                         India ;

 

		(13)	ATLAS
                                         Co-Invest FPS,
                                         a fonds professionnel spécialisé represented by its management company
                                         (société de gestion), Hivest Capital Partners, a company (société
                                         par actions simplifiée) organized under the laws of France, having its registered
                                         office at 24, rue de Prony,
75017, Paris, France, registered with the trade and companies registry of Paris under number 823 869 979, represented by Mr. Cédric
Lépée, duly authorized for the purposes hereof;

 

     

     

    

 

		(14)	TIKEHAU
                                         DIRECT LENDING IV,
                                         a sub-fund of Tikehau Investment II S.C.S, SICAV-SIF, an investment company with variable
                                         capital (société d’investissement à capital variable) organised
                                         as multi sub-fund specialised investment fund (fonds d’investissement spécialisé)
                                         established as a limited partnership (société en Commandite Simple), incorporated
                                         under the laws of the Grand-Duchy of Luxembourg, registered with the Luxembourg Register
                                         of Commerce and Companies under number B-215.556 and having its registered address at
                                         60, avenue J.F. Kennedy, L-1855 Luxembourg Grand Duchy of Luxembourg, represented by
                                         Tikehau General Partner II S.à r.l., a limited liability company (société
                                         à responsabilité limitée) incorporated under the laws of the 
                                         Grand-Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies
                                         under number B-215.499 and having its registered office at 60, avenue J.F. Kennedy, L-1855
                                         Luxembourg, Grand Duchy of Luxembourg, acting in its capacity of general partner of Tikehau
                                         Investment II S.C.S, SICAV-SIF, itself represented by Tikehau Investment Management acting
                                         in its capacity of alternative investment fund manager duly represented ;

 

		(15)	TIKEHAU
                                         MERCATI PRIVATI EUROPEI,
                                         an Italian non-reserved closed-ended alternative investment fund (fondo di investimento
                                         alternativo di tipo chiuso non riservato) represented by its management company Tikehau
                                         Investment Management, société par actions simplifiée, having its
                                         registered office at 32, rue de Monceau 75008 Paris France, registered with the Paris
                                         Register of Commerce and Companies under number 491 909 446 duly represented ;

 

		(16)	MTDL,
                                         a special limited partnership (société en commandite spéciale) incorporated
                                         under the laws of the Grand-Duchy of Luxembourg, registered with the Luxembourg Register
                                         of Commerce and Companies under number B-231.397 and having its registered office at
                                         60, avenue J.F. Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg, represented by
                                         Tikehau General Partner II S.à r.l., a limited liability company (société
                                         à responsabilité limitée) incorporated under the laws of the 
                                         Grand-Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies
                                         under number B-215.499 and having its registered office at 60, avenue J.F. Kennedy, L-1855
                                         Luxembourg, Grand Duchy of Luxembourg, acting in its capacity of general partner of MTDL,
                                         itself represented by Tikehau Investment Management acting in its capacity of alternative
                                         investment fund manager duly represented ;

 

		(17)	FPCI
                                         SWEN CO-INVEST 2,
                                         a fonds professionnel de capital investissement managed by Swen Capital Partners, a French
                                         société anonyme having its registered office located at 20-22 rue Vernier,
                                         75017, Paris, France, registered with the trade and companies registry of Paris under
                                         number 803 812 593 and duly represented;

 

the
Parties listed under (2) to (18) above, acting severally but not jointly (conjointement mais non solidairement), are hereinafter
referred to collectively as the "Sellers" and individually as a "Seller".

ON
THE OTHER HAND

 

The
Purchaser and the Sellers are hereinafter referred to collectively as the "Parties" and individually as a "Party".

 

IN
THE PRESENCE of:

 

		(18)	Advanced
                                         Therapy Logistics and Solutions, a
                                         company (société par actions simplifiée) organized under
                                         the laws of France, having its registered office at 24, rue de Prony, 75017, Paris, France,
                                         registered with the trade and companies registry of Paris under number 841 182 272,
                                         represented by Mr. Cédric Picaud duly authorized for the purposes hereof (hereinafter
                                         referred to as "ATLAS" or the "Company").

 

     

     

    

 

RECITALS:

 

		(A)	On
                                         the date hereof, the Sellers hold the number of Shares and Mezzanine Warrants (as such
                                         terms and such other capitalized terms as are used without definition in these Recitals
                                         are defined in Section 1 below) set forth opposite their respective names in the
                                         table at Schedule (A).

 

		(B)	The
                                         Company holds, directly or indirectly, 100% of the share capital and voting rights in
                                         the companies listed in the table at Schedule (B) (the "ATLAS Subsidiaries");

 

		(C)	ATLAS
                                         and the ATLAS Subsidiaries set out in the chart appearing on Schedule (B)
                                         shall hereinafter be referred to collectively as the "Group Companies"
                                         and individually as a "Group Company".

 

		(D)	Further
                                         to the public announcement of the exclusive negotiations entered into between Air Liquide
                                         International and Hivest Capital Partners on March 2020, in respect of the acquisition
                                         by Hivest Capital Partners of the group composed of Cryo International and its subsidiaries
                                         (the “AL/Hivest Transaction”), the Purchaser, which is specialized
                                         in the cold chain logistics solutions for temperature-sensitive life sciences materials,
                                         expressed an interest for the Company.

 

		(E)	Further
                                         to the completion of the AL/Hivest Transaction on July 29, 2020, and after a period of
                                         due diligence based on the documents and information provided by the Sellers, the Purchaser
                                         has reiterated and confirmed its desire to purchase 100% of the Company. Negotiations
                                         have been conducted between the Sellers and the Purchaser leading to an agreement between
                                         the parties reflected herein. As a consequence, the Sellers desire to sell, and the Purchaser
                                         desires to purchase, all the Transferred Securities upon the terms and subject to the
                                         conditions set forth herein (the "Transaction").

 

     

     

    

 

NOW,
THEREFORE, THE PARTIES DO HEREBY AGREE AS FOLLOWS:

 

		1.	Interpretation

 

		1.1.	Definitions

 

In
addition to such terms as are defined elsewhere in this Agreement, wherever used in this Agreement (including the Recitals) and
unless the context otherwise requires, the following terms shall have the following meanings:

 

"Accounting
Principles" means, in relation to the financial statements (consolidated, as the case may be) of any Group Company the
accounting policies, methodologies, principles, practices, estimation techniques and categorization consistently applied
by such Group Company over the three (3) fiscal years ending respectively on 31 December 2019, 31 December 2018 and 31 December
2017, in the preparation of its annual financial statements. In respect of Atlas and Atlas Bidco on a stand-alone basis, it is
acknowledged that such companies have been very recently incorporated and that no past practices can be taken into account, and

 

		(i)	subject
                                         to (ii), (iii) and (iv) and the definition of the Actual Net Debt, Working Capital or
                                         other relevant defined terms herein, French-GAAP will be the Accounting Principles applied
                                         to such entities,

 

		(ii)	the
                                         consolidation at the Atlas level, and more generally for the purposes of the Closing
                                         Balance Sheet, will be done using the accounting policies, methodologies, principles,
                                         practices, estimation techniques and categorization consistently applied by Cryo International
                                         over the three (3) fiscal years ending respectively on 31 December 2019, 31 December
                                         2018 and 31 December 2017 in the preparation of the consolidated accounts at its level)
                                         even if there may be some inconsistencies or inaccuracies as regards French GAAP (or
                                         IFRS) and

 

		(iii)	for
                                         the purposes of the determining the Actual Closing Net Debt, the methodology, principles
                                         and calculation will shall be same as those used for the determination of the Estimated
                                         Net Debt and the specific rules detailed in Schedule E (and in the definitions
                                         of Cash and Indebtedness).

 

		(iv)	for
                                         the purposes of determining the Actual Closing Working Capital, the methodology, principles
                                         and calculation shall be the same as those used for the determination of the Target Closing
                                         Working Capital and the specific rules detailed in Schedule F in respect of the
                                         Target Closing Working Capital.

 

"Accounts
Closing Delivery” has the meaning ascribed to it in Section 5.2(a)(i);

 

"Actual
Closing Net Debt" means the actual Net Debt of the Group Companies as at the Closing Date as resulting from the Closing
Balance Sheet as finally determined and agreed between the Sellers’ Representative and the Purchaser or as otherwise determined
in accordance with Section 3.4(d);

 

"Actual
Closing Working Capital" means the actual Working Capital of the Group Companies as at the Closing Date as resulting
from the Closing Balance Sheet as finally determined and agreed between the Sellers’ Representative and the Purchaser or
as otherwise determined in accordance with Section 3.4(d);

 

"Affiliate"
when used with reference to a specified Person, means any other Person that directly or indirectly through one or more intermediaries
Controls, is Controlled by, or is under common Control with, such specified Person;

 

     

     

    

 

"Agreement"
means this agreement and the schedules hereto;

 

"Air
Liquide International" means Air Liquide International S.A., a société anonyme, incorporated
and existing under the laws of France whose registered office is at 75, Quai d'Orsay, 75007, Paris, France and registered with
the trade and commerce registry of Paris under number 552 134 736.

 

“AL/Hivest
Transaction” has the meaning ascribed to it in Paragraph (D) of the Recitals;

 

"AL
SPA" means the share purchase agreement dated 19 June 2020 entered into between Air Liquide International and the Company;

 

"ATLAS"
has the meaning ascribed to it in the Preamble;

 

"Atlas
Bidco" means Atlas Bidco, a company (société par actions simplifiée) organized under the
laws of France, having its registered office at 24, rue de Prony, 75017, Paris, France, registered with the trade and companies
registry of Paris under number 885 010 249.

 

"ATLAS
Subsidiaries" has the meaning ascribed to it in Paragraph (B) of the Recitals;

 

"Bankruptcy
Proceedings" means any proceeding provided under Book VI of the French Commercial Code (Livre VI du Code de commerce)
or, in other jurisdictions, any similar bankruptcy or insolvency proceedings or proceedings for the prevention or resolution of
business difficulties;

 

"Business
Day" means any day (other than Saturday or Sunday) on which banks and financial markets are open in Paris (France) and
in New York (United States of America);

 

“Cash”
means with respect to all the Group Companies, on a fully consolidated basis, and without double counting:

 

		(i)	the
                                         cash and cash equivalents, convertible to cash within no more than 60 days, as
                                         determined in accordance with the Accounting Principles, less outstanding checks issued
                                         by the Group Companies but increased by undeposited checks in possession of the Group
                                         Companies,

 

		(ii)	The
                                         amount excl. VAT recovered in July 2020 from a DHL invoice aged more than 1 year which
                                         corresponds to a fixed amount of two hundred and five thousand euros (EUR 205,000.00),
                                         it being understood that this amount can also decrease the Target Closing Working Capital
                                         if not included in the Cash Definition,

 

		(iii)	“CFE
                                         Recovery”: the difference between (1) the total amount of CFE (cotisations foncières
                                         des entreprises) to be recovered by the French subsidiaries amounting to two hundred
                                         an ten thousand (EUR 210,000.00) (such amount is a fixed amount, mutually agreed by the
                                         Parties as such) and (2) the amount of CFE actually recovered at the Closing Date or,
                                         and without double counting, accounted in the Working Capital;

 

		(iv)	A
                                         fixed amount of one hundred sixteen thousand euros (EUR 116,000.00) placed in an escrow
                                         account for the benefit of Spirit as part of the new Tremblay lease, it being understood
                                         that this amount shall be decreased by the amount already recovered at Closing Date or,
                                         and without double counting, the amount accounted in the Working Capital

 

		(v)	The
                                         amount of recoverable VAT (including VAT to be recovered once the Unpaid Transaction
                                         Fees will be paid) on the fees paid by ATLAS or ATLAS Bidco as part of
the AL/Hivest Transaction, it being understood that as of 31-July-2020, Seller represents that the best estimate of this amount
was five hundred seventy-nine thousand euros (EUR 579,000.00),

 

     

     

    

 

		(vi)	any
                                         fees, including VAT, actually paid (or accounted and to the extent reflected in the Working
                                         Capital) to Crowe HAF or Daniel Plessis to prepare the Accounts Closing Delivery,

 

		(vii)	An
                                         amount of one million five hundred thousand euros (EUR 1,500,000.00) as mutually agreed
                                         upon by the parties during the negotiations.

 

Unless
otherwise envisaged (as in (iii) and (iv) when an asset included in the Working Capital can be used for the purpose of diminishing
amounts (iii) and (iv)), for the avoidance of doubt, all assets included in the Working Capital shall not be included in Cash
and vice versa. For illustration purposes, the calculation of estimated Cash as at 30-Sept-2020 is set out in Schedule E.

 

"Closing"
means the completion of the sale and purchase of the Transferred Securities and the transfer of ownership (transfert de propriété)
of the Transferred Securities to the Purchaser pursuant to Section 4;

 

"Closing
Balance Sheet" has the meaning ascribed to it in Section 3.1(d);

 

"Closing
Date" means the date on which Closing shall take place in accordance with Section 5.1;

 

"Closing
Payments" has the meaning ascribed to it in Section 3.4;

 

"Closing
Purchase Price" has the meaning ascribed to it in Section 3.4;

 

"Company"
has the meaning ascribed to it in the Preamble;

 

“Competing
Business” has the meaning ascribed to it in Section 12;

 

"Confidentiality
Agreement" means the confidentiality agreement dated March 11th, 2020, entered into between the Purchaser
and Hivest Capital Partners;

 

"Connected
Persons" when used with reference to a specified Person, means the general partners, agents, directors, employees, representatives,
auditors and advisors of such specified Person;

 

"Control"
has the meaning set forth in Article L. 233-3 I of the French Commercial Code (Code de commerce); it being specified that
a fund shall be deemed to be controlled by the company or the general partner managing or advising such fund;

 

"Cryo
International" means Cryo International S.A. a French société anonyme organized under the laws of
France, having its registered office at 171, avenue Henri Barbusse, 93000, Bobigny, France, registered with the trade and commerce
registry of Bobigny under number 529 218 687;

 

“Data
Room” means the information in the virtual data room made available by the Sellers’ Representative to the Purchaser,
which has been copied onto a CD-ROM copies of which have been provided to and are retained by the Sellers’ Representative
and the Purchaser;

 

"EIDAS
Regulation" means the Regulation (EU) N°910/2014 of the European Parliament and of the Council dated 23 July 2014
on electronic identification and trust services for electronic transactions in the internal market.

 

     

     

    

 

"Electronic
Signature Laws and Regulations" means articles 1366 and 1367 of the French Civil code, the decree n°2017-1416 dated
28 September 2017 on the electronic signature and the EIDAS Regulation.

 

“Effective
Date” means July 29, 2020, which is the date on which the Company acquired Cryo International and the other ATLAS Subsidiaries;

 

"Encumbrance"
means any pledge of real or personal property (nantissement or gage), mortgage (hypothèque), lien
(privilège) (other than a lien arising by operation of Law in the ordinary course of trading), right of retention
(droit de rétention), ownership right (démembrement), pre-emption rights, options or other security
(sûreté);

 

"Enterprise
Value" has the meaning ascribed to it in Section 3.1(a);

 

"Entity"
means any company (société), partnership (limited or general), joint venture, trust, association, economic
interest group (groupement d'intérêt économique) or other organization, enterprise or entity, whether
or not vested with the attributes of a legal person (personne morale);

 

"Estimated
Closing Net Debt" means an amount of eighteen million hundred ninety one thousand and hundred eighty three euros (€18,191,183)
calculated in accordance with Schedule E;

 

"Estimated
Closing Working Capital" means an amount of five million nine hundred seven thousand euros (€5,907,000) calculated
in accordance with Schedule E;

 

“Estimated
Working Capital Adjustment” means the amount by which the Estimated Working Capital exceeds the Target Closing Working
Capital (which shall be expressed as positive amount) or the amount by which the Estimated Closing Working Capital is less than
the Target Closing Working Capital (which shall be expressed as a negative amount). Such amount is equal to a negative amount
of minus one million and thirty three thousand euros (€1,033,000);

 

"Existing
Facilities" means the Existing Senior Facilities Agreement;

 

"Existing
Indebtedness" means all outstanding and unpaid amounts owing as at the Closing Date (in principal, interest, penalties
and any other sums) by the Group Companies, pursuant to, or in connection with, the Existing Facilities (including, without limitation,
all break fees due in connection with the voluntary prepayment of any sums due by the Company pursuant to, or in connection with
the Existing Facilities), as determined in accordance with the terms of the Existing Facilities.

 

"Existing
Senior Facilities Agreement" means the subscription agreement entered into on 29 July 2020 by and between Atlas Bidco,
the Company and inter alia Tikehau Direct Lending IV, Tikehau Mercati Privati Europei, MTDL and FPCI Swen Co-Invest 2 in the original
aggregate principal amount of €17,700,000;

 

"Expiry
Date" has the meaning ascribed to it in Section 10.3(b);

 

“Financing
Encumbrances” means any Encumbrance(s) granted to secure any Group Company’s obligations under the Existing Indebtedness
as listed in Schedule 4.1;

 

"Governmental
Authority" means any court or government (federal, state, local, national, foreign, provincial or supranational) or any
political subdivision thereof, including, without limitation, any department, commission, ministry, board, bureau, agency, authority,
tribunal or arbitral body, exercising executive, legislative, judicial, regulatory or administrative authority, including any
self-regulatory authority or quasi-governmental entity established to perform any of these functions;

 

     

     

    

 

 

"Governmental Authorization"
means any approval, consent, permit, ruling, waiver, exemption or other authorization (including the lapse, without objection,
of a prescribed time under a statute or regulation that states that a transaction may be implemented if a prescribed time lapses
following the giving of notice without an objection being made) issued, granted, given or otherwise made available by or under
the authority of any Governmental Authority or pursuant to any Law;

 

"Group Companies"
has the meaning ascribed to it in Paragraph (C) of the Recitals;

 

"Hivest Capital Partners"
has the meaning ascribed to it in the Preamble;

 

"Indebtedness"
shall mean at any time, on a fully consolidated basis, and without double counting, the aggregate amount, with respect to all Group
Companies, of all financial obligations of such Group Company for or in respect of:

 

		(i)	borrowed money (including all obligations in respect of principal, accrued interest, penalties,
breakage costs, penalties with respect to early prepayment, fees and premiums) including the Existing Indebtedness and the Vendor
Loan but excluding Factoring,

 

		(ii)	notes, bonds, debentures, or other debt security and including any related debt cancellation costs
or repayment costs and penalties and related accrued interest, 

 

		(iii)	deferred purchase price of assets, property, securities, goods or services (in each case, other
than in the ordinary course of business) including the non-contingent amount of any current or future obligations under any “earn-outs”
or similar obligations (including, if non-contingent, (i) any amounts due to former owners of any Group Company or “Company
notes” payable, and (ii) any amounts payable attributable to the period prior to the Closing Date),

 

		(iv)	letters of credit, standby letters of credit and bankers’ acceptances or similar instruments,
in each case to the extent drawn upon or payable,

 

		(v)	any finance leases capitalized in the accounts under (a) the Accounting Principles or (b) those
that are required under IFRS (but excluding IFRS 16 for (a) and (b)) to be classified as capital leases,

 

		(vi)	any interest rate swaps, collars, caps, currency hedging agreement or other similar instrument
(to the extent in a liability position and each time, considered at their marked to market value - if not in a liability position,
it will be added to Cash),

 

		(vii)	non contingent obligations in relation to any amounts owed by the Group Companies resulting from
previous transactions (acquisitions of companies or assets but other than in the ordinary course of business), that remain unpaid,
or amounts that become unconditionally payable as a result of the transactions contemplated in this Agreement,

 

		(viii)	“Aged AR”: an amount of three hundred fifty thousand euros (EUR 350,000.00)
for the purpose of the aged receivables as mutually agreed upon by the Parties,

 

		(ix)	“Remaining Carve-Out Costs”: the difference between (1) one million four hundred
thirty-two thousand euros (EUR 1,432,000.00) which corresponds to the budgeted carve-out costs (IT, rebranding, relocation from
Bobigny to Tremblay, SAGE, accounting and finance) excl. VAT or its foreign equivalent as mutually agreed upon by the Parties and
(2) carve-out costs, excl. VAT, having already being accounted as
of the Closing Date (to the extend paid on or prior to the Closing Date or reflected in Working Capital), it being understood that
if the Closing Date were 30-June-2020, the Remaining Carve-Out Costs would be one million two hundred thousand euros (EUR 1,200,000.00)
as mutually agreed upon by the Parties,

 

     

     

    

 

		(x)	“Pension Costs”: an amount of one hundred seventy-six thousand euros (€176,000)
for the purpose of the accrued and unpaid obligations in respect of severance due (and that should reasonably be payable during
a period not exceeding 10 years after the Closing Date) as mutually agreed upon by the Parties,

 

		(xi)	“Trapped Cash”: an amount corresponding to five percent (5%) of the Cash held
by the Korean subsidiary, as mutually agreed upon by the Parties,

 

		(xii)	“Unpaid Settlement Not Covered”: the difference, if it is a positive amount,
between (1) one hundred thousand euros (EUR 100,000.00) and (2) costs already accounted before the Closing Date (to the extend
paid on or prior to the Closing Date or reflected in Working Capital) regarding the on-going litigation in Israel between PDP Courier
Services Ltd and PDP Israël Ltd., an Israeli company registered under number 514694736 with the trade and companies registry
(including costs and expenses incurred in connection to the litigation), it being understood that if the Closing Date were 31-July-2020,
the Unpaid Settlement Not Covered would be fifty-nine thousand and one hundred euros (EUR 59,100.00),

 

		(xiii)	“Factoring”: the net amounts raised pursuant to the Factoring Agreements, it
being specified that it shall only include the actual cash retrieved from the sale of receivables and that unpaid and accrued factoring
fees (incl. interests) shall be added to those amounts;

 

		(xiv)	“Unpaid US Sales Tax”: an amount of eighty-eight thousand euros (EUR 88,000.00)
as mutually agreed upon by the Parties,

 

		(xv)	“Unpaid Transaction Fees”: the amount of fees related to the AL/Hivest Transaction
and fees incurred for the sole benefit of or directed by the Sellers (but, for the avoidance of doubt, excluding fees owed to Crowe
HAF or Daniel Plessis for preparing the Accounts Closing Delivery) in connection with the negotiation, preparation and signing
of this Agreement and the consummation of the transactions contemplated hereby, including any VAT related to either transaction,
still unpaid at Closing Date (it being understood that (a) such amounts shall be paid by the Group Companies on Closing Date to
the extent such amounts are specifically identified and payment instructions are provided to Buyer at least three business days
prior to the Closing Date and (b) Unpaid Transaction Fee effectively paid on or before Closing Date and accounted for in the Cash
shall no more be considered in the Indebtedness),

 

		(xvi)	“Indian Compounding”: An amount of four hundred fifty thousand euros (EUR 450,000.00)
regarding potential compounding proceedings rules breaches in India as mutually agreed upon by the Parties,

 

		(xvii)	any amounts owed (and not paid at Closing Date) to Sellers or their Affiliates other than salary
or compensation due to individual Sellers that are also an officer of employee of a Group Company solely for their salary or compensation
for such services and excluding any compensation arising out of the AL/Hivest Transaction or the transactions contemplated by this
Agreement,

 

     

     

    

 

		(xviii)	in the nature of guarantees, directly or indirectly, of the obligations described in clauses (i)
through (xvii) above of any Group Companies, in each case calculated in accordance with the Accounting Principles,

 

		(xix)	declared but unpaid dividends of ATLAS.

 

provided, that, “Indebtedness”
shall not include (A) any intercompany indebtedness between the Company and/or its wholly-owned Subsidiaries, solely to the extent
of the part of the indebtedness that eliminates on consolidation, and as determined in accordance with the Accounting Principles
and, for the avoidance of doubt, all liabilities included in Working Capital shall not be included in Indebtedness and vice versa
(with the exception of payables and/or provisions related to items (ix) and (xii) which can be used in the calculation of Remaining
Carve-Out Costs (2) and Unpaid Settlement Not Covered (2) to decrease the amount of (ix) and (xii) to the extent they are paid
on or prior to the Closing Date or included in the Working Capital) and (B) for the avoidance of doubt, the earn-out provided under
the AL SPA (which is a contingent obligation) ; for illustration purposes, the calculation of estimated Indebtedness as at September,
30 2020 is set out in Schedule E;

 

"Independent Expert"
means:

 

(i) under condition that they
deliver prior to Closing, a statement confirming their absence of conflict of interest or established commercial relationships
with any of the Parties, Grant Thornton represented by its partner in charge of the company valuation department in France, or,
if he/she cannot or does not wish to act as the Independent Expert for any reason whatsoever, then

 

(ii) the partner of any other
recognized independent certified public accounting firm established in Paris appointed by the Seller’s Representative and
the Purchaser within seven (7) calendar days of notice by one to the other requiring such agreement or, failing such agreement,
to be appointed by order of the President of the Commercial Court of Paris upon filing of a writ of summary proceeding (saisie
en la forme des référés), without recourse, by either of the Purchaser or the Sellers' Representative;

 

"IFRS" means
the International Financing Reporting Standards as published by the International Accounting Standards Board.

 

“Judgment”
means any award, decision, injunction, judgment, writ, order, international convention, ruling, subpoena or verdict entered, issued,
made or rendered by any court, administrative agency or other Governmental Authority or by any arbitrator.

 

"Law(s)" means
any law, statute, regulation, rule, ordinance, principle of common law, order or decree of any Governmental Authority (including
any judicial or administrative interpretation thereof) in force, fully implemented and enforceable as of the date hereof;

 

“Leakage”
means, other than Permitted Leakage, the sum of the amounts resulting from any of the following events to the extent it would occur
after the Effective Date and prior to, or as of, the Closing without being taken into account in the Purchase Price, Actual Closing
Net Debt (notably through a decrease of the Cash or an Increase of the Indebtedness)) or Actual Closing Working Capital (through,
for example, an increase in payables and/or provisions:

 

(i)                  any
payments made (including distributions, bonuses, loan repayments, management fees, monitoring fees) or agreed to be made or
any assets transferred or agreed to be transferred by or on behalf of any Group Company to or for the benefit of the Sellers
or any member of the Sellers’ Group or benefits with a monetary value made, or agreed to be made, by, or any action
whose effect would be to directly shift economic value from, any Group Company to the Sellers or any member of the
Sellers’ Group or any payment of, or right to payment of, bonuses or other benefits granted to employees of any of the
Group Companies in relation to the AL Transaction or the operations contemplated herein, each time to the extend not included
in the Actual Closing Net Debt or the Actual Closing Working Capital ;

 

     

     

    

 

(ii)               
any Transaction Costs incurred prior to Closing, not included in the Actual Closing Net Debt or the Actual Closing Working
Capital, and to be paid after Closing;

 

(iii)             
any liabilities assumed, indemnified or incurred or agreed to be assumed, indemnified or incurred (including under any guarantee,
indemnity or other security) by or on behalf of any Group Company for the benefit of the Sellers or any member of the Sellers’
Group not included in the Actual Closing Net Debt or the Actual Closing Working Capital;

 

(iv)             
any Tax payable by any Group Company (or which would have been payable by any Group Company but for the use of a relief)
as a consequence of any of the matters referred to in paragraphs (i) and (ii) above.

 

Any amount considered
in the Leakage shall be considered net of any Tax Relief.

 

"Local GAAP"
means the generally accepted accounting principles, applicable as at the date on which the respective financial statements are
prepared, in the country where the relevant financial statements are to be prepared and filed;

 

“Long Stop Date”
means December 1, 2020;

 

“Material Adverse Change”
means (1), with respect to the operations of the Group Companies, taken as a whole, events which
(the conditions in (i) and (ii) having to be all satisfied, and taking into account any of the exclusions in (x), (y)) (i) only
result from new events (other than developments (including administrative, judicial or arbitral proceeding(s) and/or governmental
investigation) of Fairly Disclosed risks (as Fairly Disclosed is defined in the AL SPA) which would occur after the date hereof,
and (ii) (A) result or can be reasonably expected to result in a negative impact of more than 1,000,000 euros on the consolidated
EBITDA of the Group Companies for fiscal year 2020 or 1,500,000 euros on the consolidated EBITDA for fiscal year 2021 or (B) result
or can be reasonably expected to result from administrative, judicial or arbitral proceeding(s) and/or governmental investigation(s)
or proceeding(s) against any of the Group Companies in damages, sanctions, penalties and or costs of at least 5,000,000 euros;
and excluding in any case any event (and their impact on the EBITDA or on (B) above) arising out of or attributable to (x) financial
or securities markets in general , and any changes after the date hereof in general in any country where the Group Companies operate
or global economic conditions and any changes after the date hereof in conditions generally affecting the industry or the other
industries in which the Group Companies materially engages, (y) any measures related to, or facts, matters or circumstances related
to the COVID-19 virus and/or any escalation or worsening thereof or (2) the permanent disability or death of Christophe Picaud
as CEO of the Company. 

 

"Mezzanine Warrants"
means the 3,540 mezzanine warrants giving right to shares of the Company attached to the obligations à bons de souscription
d’actions issued by Atlas Bidco on 29 July 2020;

 

"Net Debt" means
the Indebtedness minus the Cash provided that, for the avoidance of doubt, (i) if the amount of Cash exceeds the amount of Indebtedness,
then Net Debt shall be a negative amount and (ii) if the amount of Indebtedness exceeds the amount of Cash, then Net Debt shall
be a positive amount;

 

“Net Debt Adjustment”
has the meaning ascribed to it in Section 3.4;

 

"Ordinary Shares"
means the 1,333,333 ordinary shares of the Company including those issued by the Company on 29 July 2020;

 

     

     

    

 

"Organizational Documents"
means when used with respect to (i) any company (société) or other incorporated Entity, the memorandum
and articles of association (statuts), charter or similar constitutional documents of such company (société)
or other incorporated Entity, as filed with the relevant commercial registry, company registrar or other Governmental Authority,
as the same may be amended, supplemented or otherwise modified from time to time, and (ii) any partnership or other unincorporated
Entity, its certificate of formation, partnership agreement, governing agreement (contrat constitutif) and/or similar constitutional
documents, as the same may be amended, supplemented or otherwise modified from time to time;

 

"Paragraph"
means a paragraph of this Agreement;

 

"Party" has
the meaning ascribed to it in the Preamble;

 

“Permitted Leakage”:
means:

 

(i)                 any
action or payment agreed to in this Agreement, undertaken at the written request of, or with the written consent of, Purchaser,
or which are already accounted for in the Indebtedness or which have decreased the level of Cash at Closing or the Actual Closing
Working Capital, and

 

(ii)               
the remuneration paid to Sellers or their Affiliates who are also officers or employees of any Group Company, in the ordinary
course of business including those disclosed in Section 12.4 of the Data Room.

 

(iii)             
any action or payment set forth in Schedule 8.2(l) and which are already accounted for in the Indebtedness or which
have decreased the level of Cash at Closing or the Actual Closing Working Capital.

 

"Person" means
a natural person, Entity or Governmental Authority;

 

"Post-Closing Adjustment"
has the meaning ascribed to it in Section 3;

 

"Preferred Shares"
means the 11,099,167 issued by the Company on 29 July 2020;

 

"Purchase Price"
has the meaning ascribed to it in Section 3.1(a);

 

"Purchaser"
has the meaning ascribed to it in the Preamble;

 

“Purchaser’s Group”
means the Purchaser and its Affiliates from time to time;

 

"Purchaser’s Statement"
has the meaning ascribed to it in Section 3.4(d);

 

"Records" has
the meaning ascribed to it in Section 6.1(a);

 

“Remaining Carve-Out
Costs” mean the costs or fees mentioned in and taken into account as “Remaining Carve-Out Costs” in the calculation
of the Indebtedness;

 

“Restricted Period”
means a period of 24 months from and including the Closing Date;

 

“Restricted Territory”
means, if the Group Companies actually operate in it as at the date hereof, each of the following jurisdictions:

 

		i.	within the Americas: the United States of America;

 

		ii.	within Asia: India, Japan, Singapore and South Korea;

 

     

     

    

 

		iii.	within Europe: France, Germany, the Netherlands, Poland, Portugal, Belgium, Ireland, Italy, Luxembourg,
Spain, Switzerland and the United Kingdom.

 

"Schedule" means
a schedule to this Agreement;

 

"Section" means
a section of this Agreement;

 

"Seller(s)"
has the meaning ascribed to it in the Preamble;

 

"Sellers’ Disagreement
Notice" has the meaning ascribed to it in Section 3;

 

“Sellers’ Group”
means the Sellers and their Affiliates other than the Group Companies;

 

"Sellers' Representative"
has the meaning ascribed to it in Section 14.2(a);

 

"Shares" means
the Ordinary Shares and the Preferred Shares;

 

"Target Closing Working
Capital" means an amount of six million nine hundred and forty thousand euros (€6,940,000) euros, calculated in accordance
with the methodology set forth in Schedule F;

 

“Tax” means
all tax liabilities, including without limitation all direct or indirect taxes, income or non-income taxes, transfer taxes, withholdings,
duties, levies, deductions, property taxes, escheat and/or unclaimed property, business taxes, stamp duties, value added taxes,
customs and excise tax and social contributions , advance tax, self-assessment tax, capital gains, taxes on account of indirect
share transfer, tax on account of income from other sources, employment, profession, stock option withholdings, outstanding withholding
tax dues, transfer pricing adjustments, interest, demands, goods and services, input tax credits, disallowed expenditures in tax
assessments, other interests payables, unreconciled tax withholding certificates, tax credits, withholding tax obligations and
all related fines, penalties, charges and interest imposed or collected by any Tax authority whether directly or primarily chargeable
against, recoverable from or attributable to any of the Group Companies or another person including as a result of being a member
of a consolidated tax group (and “Taxes” and “Taxation” shall be construed accordingly)

 

"Tax Relief"
means any Tax loss effectively and actually deducted from any computing income, profits or gains for the purposes of any Tax.

 

"Transaction"
has the meaning ascribed to it in Paragraph (F) of the Recitals;

 

“Transaction Costs”
means any fees, expenses or other costs agreed to be paid or paid by any Group Company after the Closing Date or prior to or on
Closing Date but not included in the Actual Net Debt or in the Actual Working Capital, in respect of (i) the Transaction or the
transactions contemplated by this Agreement by any Group Company (to the extent such fees, expenses or other costs are paid or
payable for the sole account of the Sellers) and (ii) the AL/Hivest Transaction or the transactions contemplated by the AL SPA
by any Group Company (but excluding any Remaining Carve-out Costs). The amounts of the Transaction Costs as at the date hereof
are in Section 13.6.1 of the Data Room (minor changes may be expected as of Closing Date);

 

"Transferred Securities"
means (i) all the Shares and (ii) all the Mezzanine Warrants;

 

"Unit Price"
means the price allocated to each of the Transferred Securities as determined in Schedule 3.2, it being specified and
agreed that such Schedule 3.2 and the allocation of the Unit Price referred therein may be amended at any time prior to
Closing Date by the Sellers’ Representative subject to a prior notice to the Purchaser and without the global Purchase Price
being changed;

 

     

     

    

 

"Vendor Loan"
means the vendor loan (crédit vendeur) amounting to four million euros (EUR 4,000,000) granted by Air Liquide International
to the Company as part of the acquisition by the Company of Cryo International and its subsidiaries.

 

"Working Capital"
means the balance between (i) inventories, trade accounts receivables and prepaid expenses of the Group Companies and (ii)
trade accounts payables of the Group Companies, as determined in accordance with the Accounting Principles and provided that (1)
all assets or liabilities included in Indebtedness or Cash shall not be included in Working Capital and vice versa (unless otherwise
envisaged in the definition of Cash and Indebtedness) and (2) any intercompany payables and receivables among the Group Companies
(solely to the extent of the part of the payables and receivables that eliminates on consolidation) shall not be included in Working
Capital; it is understood that the methodology and accounting principles shall be consistently applied for between the Target Working
Capital and the Working Capital (hence, Working Capital excludes, for sake of clarity, any items relating to payment of remuneration
or other sums to employees and/or officers and any social and tax charges in relation thereto) for reference purposes, the calculation
of Working Capital as at each end of month of the year 2019 is set out in Schedule (F), and as at 30-June-2020 is set
out in Schedule (E).

 

“Working Capital Adjustment”
has the meaning ascribed to it in Section 3.4;

 

“W&I Insurance Policy”
means the insurance policy to be entered into on the Closing Date, between the Purchaser as the insured and the W&I Insurer
;

 

“W&I Insurer”
means the W&I Insurance provider;

 

		1.2.	Principles of Interpretation

 

		(a)	The words "includes" and "including" shall mean including without limitation.

 

		(b)	Any reference herein to "Preamble", "Recitals", "Section", "Paragraph"
or "Schedule" shall be deemed a reference to the preamble, the recitals, a section or a paragraph of, or a schedule to
this Agreement unless otherwise specified.

 

		(c)	Headings to Sections or Paragraphs and Schedules are for information only and are to be ignored
in construing the same unless the context otherwise requires.

 

		(d)	Definitions given for a noun also apply mutatis mutandis to verbs, adjectives and adverbs
that have the same root and vice versa.

 

		(e)	Words denoting the singular shall include the plural and vice versa and words denoting any gender
shall include all genders.

 

		(f)	The Schedules to this Agreement shall be deemed to be a part of this Agreement, and references
to "this Agreement" shall be deemed to include the same.

 

		(g)	The provisions of Articles 640 to 642 of the French Code of Civil Procedure (Code de procédure
civile) shall be applied to calculate the period of time within which or following which any act is to be done or step taken,
provided that for purposes of this Agreement, the references in Article 642 to "un jour férié ou chômé"
and "premier jour ouvrable" shall be interpreted by reference to the definition of "Business Day" appearing
herein.

 

		(h)	Unless the context otherwise requires, any reference to a statutory provision shall include such
provision as it exists and is construed as of the date of this Agreement.

 

     

     

    

 

		(i)	Any reference to "writing" includes any methods of representing words in a legible form
(other than writing on an electronic or visual display screen), or other writing in non-transitory form.

 

		(j)	A reference to a specific time of day shall be to local time in New York City, United States of
America. Where a term in English is translated in French, or only written in French, the French translation shall prevail.

 

		(k)	For the purposes of calculating any amounts pursuant to the formulas in this Agreement, a reference
to the excess of any amount over a second amount shall imply always that whenever such excess is negative (i.e. the second amount
is greater than such amount), the excess shall be deemed to be equal to zero.

 

		2.	Sale and purchase

 

Upon, and subject
to, the terms and conditions of this Agreement, at Closing, each of the Sellers (each with respect to the Transferred Securities
which such Seller owns on the Closing Date) agrees to sell and deliver to the Purchaser and the Purchaser agrees to purchase from
the Sellers, all of the Transferred Securities at Closing, with all rights attached or accruing to them at Closing, free and clear
of all Encumbrances.

 

The Purchaser
shall not be obliged to complete the acquisition of the Transferred Securities unless the purchase of all the Transferred Securities
is completed simultaneously in accordance with this Agreement.

 

		3.	Purchase price of the transferred Securities

 

		3.1.	Amount of the Purchase Price

 

		(a)	The purchase price of the Transferred Securities shall be equal to:

 

		-	forty nine million euros (€ 49,000,000) (the "Enterprise Value"),

 

		-	minus, the amount of the Actual Closing Net Debt (if it is a positive amount) or
plus the absolute value of the Actual Closing Net Debt (if it is a negative amount),

 

		-	plus, the Working Capital Adjustment if the Actual Closing Working Capital is greater
than the Target Closing Working Capital or minus, the absolute value of the Working Capital Adjustment if the Actual
Closing Working Capital is less than the Target Closing Working Capital;

 

in each case
as finally determined in accordance with Section 3.4(d) (the "Purchase Price").

 

		3.2.	Allocation of the Purchase Price amongst
the Sellers

 

		(a)	The Purchase Price shall be allocated amongst the Sellers by the Sellers’ Representative
based upon the number and class of Transferred Securities sold by each Seller to the Purchaser on the basis of the Unit Prices
determined in accordance with Schedule 3.2 (as amended by the Sellers’ Representative, as the case may be, it being
understood that such Shedule 3.2 details the formula to be used to determine the Unit Prices and gives an illustrative calculation
on the basis of the Closing Purchase Price) after deduction of the relevant transaction costs from the proceeds allocated to each
Seller prorata to its portion of the Purchase Price.

 

     

     

    

 

		(b)	The allocation of the Purchase Price and the determination of the Unit Prices as set forth in Schedule
3.2 (as amended by the Sellers’ Representative, as the case may be) is made under the sole and exclusive responsibility
of the Sellers and the Purchaser shall incur no liability whatsoever in respect thereof. The Sellers hereby irrevocably grant to
the Sellers’ Representative all powers to receive any payments due hereunder to the Sellers and to reallocate such payments
in accordance with 3.2(a) above and accordingly the Purchaser shall be fully discharged by any payment made under this Agreement
to the Sellers’ Representative upon the sole decision of the Sellers’ Representative (to the extent the entire Purchase
Price is paid and without prejudice to post-Closing adjustments provided herein).

 

		3.3.	Existing Indebtedness

 

		(a)	The Purchaser acknowledges that the Existing Indebtedness becomes due and payable in full on the
Closing Date as a result of the Transaction.

 

		(a)	The Purchaser shall, on the Closing Date, as an essential condition for the Sellers to sell the
Transferred Securities, repay, on behalf of Atlas Bidco, or cause Atlas Bidco to repay, the full amount of the Existing Indebtedness.

 

		3.4.	Closing Payments and Post-Closing
Adjustment

 

The following payments (the "Closing
Payments") shall be made (without any withholding or implementation of withholding tax on the payment to be made) at Closing:

 

		(a)	Payment of the Closing Purchase Price. At Closing, the Purchaser shall pay an aggregate
amount (the “Closing Purchase Price”) to the Sellers by wire transfer of immediately available cleared funds
to such bank account the details of which shall be notified to the Purchaser prior to the Closing Date by the Sellers’ Representative,
corresponding to:

 

		(i)	the Enterprise Value, 

 

		(ii)	minus, the Estimated Closing Net
Debt, 

 

		(iii)	plus the Estimated Working Capital
Adjustment (if it is a positive amount) or minus the Estimated Working Capital Adjustment (if it is a negative amount);

 

		(b)	Repayment of the Existing Indebtedness: The Purchaser acknowledges that the Existing Indebtedness
becomes repayable on the Closing Date in accordance with the terms of the Existing Facilities upon change of Control of the Company.
Therefore, as an essential condition to the sale of the Transferred Securities on the Closing Date, the Purchaser shall:

 

		·	make available to, or pay on behalf of,
the relevant Group Companies, in immediately available cleared funds, amounts sufficient to enable them to repay in full the Existing
Indebtedness with value date (date de valeur) on the Closing Date; or

 

		·	procure that the relevant Group Companies
repays the Existing Indebtedness, in immediately available cleared funds, with value date (date de valeur) on the Closing
Date in accordance with the terms ofthe Existing Facilities; 

 

		·	be responsible for obtaining (or causing
the Group Companies to obtain) the release of any Encumbrance granted for the benefit of the Existing Facilities lenders under
the Existing Senior Facilities Agreement and of hedging banks, ;

 

     

     

    

 

 

		·	it being provided that the Sellers shall
assist the Purchaser to that effect and accordingly undertake to (i) provide the Purchaser with any and all information and documents
necessary so as to enable the Purchaser to take the above mentioned actions in a timely manner and (ii) assist the Purchaser in
any contact or relationship with the Existing Facilities lenders, hedging banks. 

 

		(c)	Post-Closing Adjustment. Subsequent to the Closing, the Closing Purchase Price shall be:

 

		i.	reduced, on a Euro for Euro basis, by the amount, if any, by which the Actual Closing Net Debt
exceeds the Estimated Closing Net Debt; or

 

		ii.	increased, on a Euro for Euro basis, by the amount, if any, by which the Estimated Closing Net
Debt exceeds the Actual Closing Net Debt (i and ii being defined as the “Net Debt Adjustment”) ; and

 

		iii.	reduced, on a Euro for Euro basis, by the amount, if any, by which the Estimated Closing Working
Capital exceeds the Actual Closing Working Capital; or

 

		iv.	increased, on a Euro for Euro basis, by the amount, if any, by which the Actual Closing Working
Capital exceeds the Estimated Closing Working Capital (iii and iv being defined as the “Working Capital Adjustment”).

 

Each of the Working
Capital Adjustment and the Net Debt Adjustment payable by the Purchaser or the Sellers, as the case may be, shall be netted off
against each other.

 

Any Working Capital
Adjustment, any Net Debt Adjustment or, as the case may be, any net aggregate amount resulting from the adjustment mentioned above,
due by any Party to the other is referred to as the “Post-Closing Adjustment”.

 

Example of calculation
of Working Capital Adjustment and Net Debt Adjustment and Post-Closing Adjustment (as such term is defined below) are set out in
Schedule 3.4(c).

 

		(d)	Closing Balance Sheet; Computation of Post-Closing Adjustment.
Within sixty (60) Business Days after the Closing Date, the Purchaser shall procure that the Company prepare a consolidated balance
sheet (bilan consolidé) as at the start of business on the Closing Date (the "Closing Balance Sheet"),
in the same format as the balance sheet included in Schedule 3.4(d), in accordance with the Accounting Principles and reviewed
by Ernst & Young in compliance with applicable relevant Accounting Principles. As soon as reasonably practicable, and in any
event by no later than five (5) Business Days after the Closing Balance Sheet has been made available to the Purchaser, the Purchaser
shall deliver to the Sellers’ Representative a copy of the Closing Balance Sheet and a statement (the "Purchaser’s
Statement"), signed by an authorized representative of the Purchaser, setting forth in reasonable detail a computation
as of the Closing Date of the following amounts (the “Adjustment Amounts”) (i) the Indebtedness in the Closing
Balance Sheet, (ii) the Cash in the Closing Balance Sheet, (iii) the Actual Closing Net Debt, (iv) the Actual Closing Working Capital,
and (v) the Post-Closing Adjustment. As from the date of the delivery of the Purchaser’s Statement, the Purchaser shall,
subject to reasonable notice, make available to the Sellers’ Representative the books, records and any other document and
information relating to the Group Companies reasonably required by the Sellers’ Representative in connection with its review
of the Closing Balance Sheet and the Purchaser’s Statement.

 

     

     

    

 

Within sixty
(60) Business Days of receipt by the Sellers’ Representative of the Purchaser’s Statement, the Sellers’ Representative
may give (at its sole expenses) written notice (the "Sellers’ Disagreement Notice") to the Purchaser
stating that it disagrees with the Purchaser’s Statement or the Closing Balance Sheet together with the reasons for such
disagreement in reasonable detail and the Sellers’ Representative computation of the Adjustment Amounts. If the Sellers’
Representative has not delivered a Sellers’ Disagreement Notice within such sixty (60) Business Days period, the Purchaser’s
Statement shall be final and binding on the Parties for all purposes. If the Sellers’ Representative and the Purchaser do
not reach agreement within ten (10) Business Days after the Purchaser's receipt of the Sellers’ Disagreement Notice, the
matters in dispute shall be referred to the Independent Expert at the request of either of the Sellers’ Representative or
the Purchaser to make a final determination of (i) the Closing Balance Sheet (if necessary), (ii) the Adjustment Amounts (if necessary),
and (iii) the Purchaser’s Statement, it being specified that, notwithstanding that dispute, that fraction of the Post-Closing
Adjustment (if any) which will not be in dispute will then be immediately paid. No matters other than those listed in the Purchaser’s
Statement and in the Sellers’ Disagreement Notice shall be within the terms of reference of the Independent Expert.

 

Except to the
extent that the Purchaser and the Sellers’ Representative agree otherwise, the Independent Expert shall determine its own
procedures, and interpret and apply the definitions set out in this Agreement, in Schedule (E), the Accounting Principles
and the other directives and principles set out in this Section 3.4(d). The Independent Expert shall also (i) give the Purchaser
and the Sellers’ Representative a reasonable opportunity to make written and oral representations to it; (ii) require
that the Purchaser and the Sellers’ Representative supply each other with a copy of any written submission to the Independent
Expert at the same time as such submission is made to the Independent Expert, (iii) permit each of the Purchaser and the
Sellers’ Representative to be present while oral submissions are being made by the other and, more generally, (iv)
at all times respect the principle of “contradictoire”.

 

The Independent
Expert shall deliver to the Sellers’ Representative and to the Purchaser, within a period of twenty (20) Business Days after
the date of its appointment, a final report which shall indicate its determination of the Purchase Price and the Post-Closing Adjustment.
Such final report shall explicitly state (i) if the amount of the Closing Purchase Price exceeds the Purchase Price (as
thus determined), that the Sellers shall pay to the Purchaser the Post Closing-Adjustment or (ii) if the Purchase Price
(as thus determined) exceeds the amount of the Closing Purchase Price, that the Purchaser shall pay to the Sellers the Post-Closing
Adjustment. The Independent Expert shall act as a "tiers arbitre mandataire" in accordance with Article 1592 of
the French Civil Code and its determination of any matter falling within its jurisdiction shall be final and binding on the Parties
save in the event of manifest error (erreur grossière) in which case the final Purchase Price shall be determined
in accordance with Section 14.13 of this Agreement.

 

The fees, costs
and expenses of the Independent Expert (as well as those of any experts consulted by the Independent Expert) will be borne equally
between the Parties. The costs related to the preparation and audit of the Closing Balance Sheet shall be borne by the Group Companies
(if any) and shall in no case be qualified as a Transaction Cost or be taken into account in the Purchase Price calculation.

 

     

     

    

 

		(e)	Payment of Post-Closing Adjustment.

 

		-	If the amount of the Closing Purchase Price exceeds the amount of the Purchase Price (as determined
in accordance with Section 3.4(d)), the Sellers shall pay to the Purchaser the amount equal to the excess of (x) the Closing
Purchase Price, over (y) the Purchase Price.

 

		-	If the amount of the Purchase Price (as determined pursuant to Section 3.4(d)) exceeds the
amount of the Closing Purchase Price, the Purchaser shall pay to the Sellers an aggregate amount equal to the excess of (x) the
Purchase Price, over (y) the Closing Purchase Price.

 

		-	Any amounts payable pursuant to this Section 3.4(e) shall be paid within ten (10) Business
Days of the definitive determination of the Post-Closing Adjustment by electronic funds transfer of immediately available funds
to the bank accounts designated in writing by the Purchaser or the Sellers’ Representative, as the case may be, at least
five (5) Business Days prior to the date of payment.

 

		-	The allocation between the Sellers of any payments made to or by the Sellers pursuant to this Section
3.4(e) shall be made by the Sellers’ Representative in accordance with the terms of the shareholders’ agreement dated
29 July 2020 entered into by the Sellers in relation to the Company (the terms and conditions of which were not disclosed to the
Purchaser). An example of the allocation of the Closing Purchase Price and Adjustment Amounts among the Sellers is set forth in
Schedule 3.4(e). Any payment made by the Purchaser to the Sellers’ Representative on behalf of other Sellers and pursuant
to this Section 3.4(e) shall release and discharge the Purchaser for any payment to such other Sellers (under condition that the
full amount owed to them is paid) and any payment due to the Purchaser by the Sellers pursuant to this Section 3.4(a) shall be
made by the Sellers within the period of time set forth in this Section

 

For the purposes of this Section 3, the
Seller’s Representative shall notify to the Purchaser reasonably in advance of the Closing, the bank details of the account(s)
on which the payments to the Sellers are to be made and the amount to be wired (in immediately available funds) on each of these
accounts.

 

		4.	PRE-closing ACTIONS

 

		4.1.	Release of financing encumbrances

 

On the Closing Date, the Purchaser shall
procure that subject to Closing and subject to the repayment by the Purchaser of the Existing Indebtedness, the Financing Encumbrances
(relating to the Existing Facilities repaid at Closing) listed in Schedule 4.1, are unconditionally released upon Closing.
In particular, the Sellers shall cooperate with, and provide such assistance and information, to the Purchaser in connection with
the release the Financing Encumbrances (relating to the Existing Facilities repaid at Closing).

 

		4.2.	conversion of cryo international and
cryo express into simplified joint stock companies

 

On or prior to Closing and subject to Closing,
the Sellers shall procure that Cryo International and Cryo Express are converted into French simplified joint stock companies (sociétés
par actions simplifiée).

 

     

     

    

 

		4.3.	Management of the group companies
between the effective date and the closing date

 

The Sellers, to the extent of their powers
within the applicable Group Company (it being understood that they shall make their best efforts when the decision is not expressly
within their scope of powers), undertake to comply as from the date hereof until the Closing Date, or shall cause the other Sellers
having the powers to represent any of the Group Companies, to comply until the Closing Date with the obligations under Section
6.1(b) (Actions Pending Closing) of the AL SPA as if such Section is (i) in full force and effect as of the date hereof,
(ii) fully incorporated in this Agreement, (iii) applicable to the Sellers as if such obligations are agreed to thereby and to
be satisfied thereby as so agreed. Any reference to “the Agreement” or “Closing Date” (or a similar expression)
in the AL SPA shall be deemed to include a reference to this Agreement and the Closing Date of this Transaction. For the avoidance
of doubt it is understood and agreed that the Sellers shall in no case be liable for breaches of covenants under the AL SPA by
Air Liquide or any of its Affiliates, in respect of those breaches alleged by the Sellers and described in Section 13.5 of the
Data Room nor (iii) any decision or action Fairly Disclosed to the Purchaser or agreed in writing by the Parties.

 

For the purposes of granting any consents
which may be requested by the Seller or a Group Company pursuant to this Section, the Purchaser hereby designates Mr. Jerrell W.
Shelton or Mr. Robert S. Stefanovichwith immediate effect and represents and warrants to, and agrees with, the Sellers that such
person shall have full capacity and right to give any such consents on behalf of the Purchaser. Within eight (8) Business Days
of receipt of any request for consent by a Seller or a Group Company, the Purchaser shall have the right to notify the Seller,
pursuant to clause 14.3, or the relevant Group Company that it objects to the proposed action (which notice of objection shall
indicate its reasons for so objecting). If the Purchaser shall not have notified the Seller or the relevant Group Company, as the
case may be, of its objection to a proposed action within such period of 8 Business Days, the Purchaser shall be deemed to have
consented to such proposed action.

 

		4.4.	warranty insurance policy

 

At the latest on the Closing Date, the
Purchaser undertake to arrange and implement the W&I Insurance Policy to cover the Warranties To Be Insured (as such term is
defined in Section 9 of this Agreement). The Sellers shall cooperate with, and provide such assistance and information, to the
Purchaser in connection with the arrangement and the implementation of the W&I Insurance Policy. It is understood and agreed
that in the event that the Purchaser does not manage to obtain W&I Insurance Policy to cover the Warranties To Be Insured,
it shall not (i) limit in any manner the obligations of the Purchaser to purchase or satisfy any of its obligations as contemplated
herein, (ii) , extend in any manner the representations or warranties granted by the Sellers, the Warranties To Be Insured becoming
in such case null and void.

 

In
that respect, the Parties agrees that the premium related to the W&I Insurance Policy will be borne equally between the Parties
in the limit of 75,000 euros for the Sellers.

 

		5.	Closing

 

		5.1.	Date and Place of Closing

 

The Closing
takes place on September 30, 2020 or at any other later date which is the last day of a month as notified by the Sellers’
Representative to the Purchaser with a 10-day prior notice at least but not later than the Long Stop Date (the "Closing
Date") at the offices of Hogan Lovells in Paris.

 

     

     

    

 

		5.2.	Closing Deliverables

 

On the Closing Date:

 

		(a)	The Sellers’ Representative shall deliver to the Purchaser:

 

		(i)	The audited consolidated financial statements of Cryo International for 2018 and 2019 fiscal years
together with the limited-reviewed interim financial statements of Cryo International as of 30 June 2020, in each case compliant
with IFRS standards (the “Accounts Closing Delivery”);

 

		(ii)	full discharge of the payment of the Closing Payments;

 

		(iii)	duly completed signed transfer forms (ordres de mouvement) in favor of the Purchaser with
respect to the Transferred Securities;

 

		(iv)	the tax transfer forms (formulaire Cerfa n°2759 SD) executed by the Sellers relating to the
transfer of the Shares sold in accordance with the terms of this Agreement for French registration purposes ;

 

		(v)	the up-to-date transfer registers (registres des mouvements de titres) and the shareholders' accounts
(fiches individuelles d'actionnaires) of the Company, duly indicating the transfer to the Purchaser of all the Transferred Securities
to be transferred at Closing, free and clear of all Encumbrances;

 

		(vi)	the originals or certified copies corresponding to the copies of existing and available share transfer
register (or similar documents) of the Group Companies showing in all material respects the relevant legal title and the absence
of Encumbrance of the Group Companies ;

 

		(vii)	unconditional resignation letters, effective as of the Closing Date, of the Persons listed in Schedule 5.2(a)(vii),
from their offices as legal representatives, officers, directors, members of a board, committee or other corporate body of the
Group Companies;

 

		(viii)	a copy of the Data Room disc ; and

 

		(ix)	Certificate signed by the Sellers confirming that the shareholders’ agreement in relation
to theCompany is terminated ;

 

		(x)	unconditional termination deeds of the agreements listed in Schedule  5.2(a)(xi).

 

		(xi)	a copy of the corporate documentation evidencing the conversion of Cryo International and Cryo
Express into French simplified joint stock companies (sociétés par actions simplifiées).

 

		(b)	The Purchaser delivers to the Sellers :

 

		(i)	the tax transfer forms (formulaire Cerfa n° 2759 SD) executed by the Purchaser;

 

		(ii)	the "Know Your Customer" (KYC) documents resonnably required for this type of transaction; and

 

     

     

    

 

		(iii)	written evidence (i.e., SWIFT codes) of the full payment of the Closing Payments in accordance
with Section 3.4.

 

		(iv)	evidence of the payment on Closing by the Atlas and Atlas Bidco as the case may be of the costs
and fees listed in Section 13.6 of the Data Room (unless already paid prior to Closing).

 

		(c)	On the Closing Date, Sellers’ Representative shall deliver a certificate confirming that
to the best of its knowledge, no Material Adverse Change has occurred between the date hereof and the Closing Date, without such
certificate being in any respect either a representation or warranty in respect of the results, performance or operations of the
Group Companies after the Closing or a basis for any claim by the Purchaser.

 

		(d)	Following the Closing Date, the Sellers and the Purchaser shall execute all documents and take
all necessary measures which any of the Parties may reasonably require of another Party in order to implement the provisions of
this Agreement.

 

		5.3.	Matters at Closing

 

All actions
taken and all documents executed and delivered by the Parties at Closing in accordance with this Section 5 shall be deemed
to have been taken and executed simultaneously, and, therefore, no actions or proceedings shall be deemed taken nor any documents
shall be deemed executed by any of the Parties or delivered until all have been taken, executed and delivered, and title to the
Transferred Securities shall not be transferred to the Purchaser unless and until Closing actually takes places and the Closing
Payments have been effectively received by the intended recipients thereof.

 

		6.	Covenants

 

		6.1.	Access to Information and Records
after Closing

 

		(a)	Upon written request of the Sellers’ Representative, the Purchaser shall grant to the Sellers,
and shall procure that the Group Companies grant to the Sellers reasonable co-operation, access (including the right to take copies
at the own cost of the requesting party), during normal business hours, with respect to books of account, records, accounts for
periods prior to and including the Closing Date (the "Records"), as may be reasonably requested by any Seller
for purposes of regulatory compliance by Sellers or for the purposes of verifying the calculation of any amount that the Sellers
may have to pay to or receive from the Purchaser, provided that such access shall not materially interfere with the normal
business and operations of the Group Companies.

 

		(b)	The undertakings set forth in the foregoing Paragraph (a) shall survive until the later of (i) the
fourth anniversary of the Closing Date, and (ii) the expiration of the applicable statutory period to retain the Records.

 

		(c)	The Purchaser (on its behalf and on behalf of the Group Companies) agrees to keep the Records reasonably
accessible, and not to destroy or otherwise dispose of the Records (and any copies of the Records) for the duration provided for
under Paragraph (b) above without the prior written consent of the Sellers' Representative.

 

     

     

    

 

		6.2.	Former Officers and Directors and
Shareholders

 

		(a)	Subject to fraud, gross negligence or willful misconduct, the Purchaser shall procure that the
officers or directors of the Group Companies resigning on the Closing Date (a) shall be discharged; exclusively based on such
capacity, from any liability as officers or directors of the Group Companies. The Sellers represent that all officers' or directors'
fees, other than the remuneration or fees accrued until the Closing Date and not paid as at such date and which are due in the
normal course of business by any of the Group Companies and have no relation to the AL Transaction or to the transactions contemplated
herein, due in respect of all periods (or portions thereof) ending on or prior to the Closing Date (with any fees for any portion
of a period to be computed on a pro rata temporis basis) have been paid.

 

		7.	Representations of the Purchaser

 

The Purchaser
hereby represents and warrants to the Sellers, as of the date hereof, and as at the Closing Date, as set forth below.

 

		7.1.	Organization, Authority and Validity

 

		(a)	The Purchaser is a corporation duly organized and validly existing under the laws of the State
of Nevada, is not in a state of insolvency (en état de cessation des paiements), nor subject to any Bankruptcy Proceedings
and no facts exist that would result in any such event occurring. The Purchaser has the corporate power and authority to enter
into this Agreement, to perform its obligations hereunder and to consummate of the transactions contemplated herein. The individual
signatory in its name and on its behalf is duly authorized to act on behalf of the Purchaser.

 

		(b)	The execution of this Agreement and the consummation of the transactions contemplated herein have
been duly authorized by the competent corporate bodies of the Purchaser, and no other corporate action on the part of the Purchaser
is necessary to authorize the execution of this Agreement or the consummation of the transactions contemplated herein.

 

		(c)	This Agreement has been duly executed by the Purchaser and constitutes a legal, valid and binding
obligation on the Purchaser, enforceable against it in accordance with its terms.

 

		7.2.	No Conflict

 

Neither the
entering into of this Agreement, nor the performance by the Purchaser of its obligations hereunder, nor the consummation of the
transactions contemplated herein does or will:

 

		(a)	conflict with or violate any provision of the Organizational Documents of the Purchaser;

 

		(b)	violate, conflict with or result in the breach or termination of, or constitute a default or event
of default (or an event which with notice, lapse of time, or both, would constitute a default or event of default), under the terms
of any contracts or Governmental Authorizations to which the Purchaser or any of its Affiliates is a party or by which the Purchaser
or any of its Affiliates is bound; or

 

		(c)	subject to obtaining the Required Clearances, constitute a violation by the Purchaser or any of
its Affiliates of any Laws or judgments.

 

     

     

    

 

		7.3.	Governmental Authorizations, Consent

 

No Governmental Authorization or other
third party consent is required to be made or obtained by the Purchaser or any of its Affiliates prior to Closing in connection
with: (a) the entering into of this Agreement by the Purchaser, (b) the performance by the Purchaser of its obligations
hereunder, or (c) the consummation of any of the transactions contemplated herein.

 

		7.4.	Financing

 

The Purchaser
has and will have immediately available on an unconditional basis the sufficient cash resources required to meet in full its obligations
under this Agreement, including the payment of the Closing Payments, the Net Adjustment Amount as the case may be and any expenses
incurred by the Purchaser in connection with the transactions contemplated by this Agreement.

 

		7.5.	Acknowledgement

 

		(a)	The Purchaser acknowledges it and its advisors carried out independent and satisfactory due diligence
in respect of the Group Companies, as the Purchaser has deemed necessary.

 

		(b)	The Purchaser acknowledges that the representations, warranties and statements of the Sellers set
forth in the Agreement supersede any and all earlier representations, warranties or statements made by the Sellers, any Sellers'
Connected Persons, any Group Companies' Connected Person regarding the Transferred Securities, any of the Group Companies or any
of the transactions contemplated herein, and that the Sellers and the Sellers' Connected Persons shall have no liability in respect
of any such earlier representations, warranties or statements. Except as expressly set forth in this Agreement, none of the Sellers
or any of the Sellers' Connected Persons makes any representation or warranty, either express or implied, of any kind whatsoever
with respect to the Transferred Securities, the Group Companies or any of the transactions contemplated herein (including as to
the accuracy or completeness of any information reviewed by the Purchaser or its Connected Persons). In furtherance of the foregoing,
and to the fullest extent permitted by applicable Law, the Purchaser hereby irrevocably waives the benefit of any warranties generally
available to purchasers under applicable Law, including under articles 1130 et seq., 1626, 1641 and 1643 of the French Civil
Code (Code civil).

 

		(c)	In connection with its investigations of the Group Companies, the Purchaser may have received from
the Sellers, the Group Companies, and/or their respective Affiliates or Connected Persons certain projections and forecasts. The
Purchaser acknowledges that there are uncertainties inherent in attempting to make such projections and other forecasts and plans
and that it is familiar with such uncertainties.

 

		8.	Representations of the Sellers

 

Each of the
Sellers hereby represents and warrants to the Purchaser (but with respect to Section 8.1, only as to itself or only as to the Transferred
Securities it owns, as applicable), as of the date hereof and on the Closing Date (except where the warranty is granted at a specific
date), as set forth below.

 

		8.1.	General Representations by each Seller
Individually

 

Each Seller represents and warrants
to the Purchaser on the date hereof and on the Closing Date as follows in respect of itself (and not in respect of any other Seller):

 

     

     

    

 

		(a)	each Seller has the power and authority to enter into this Agreement and to perform its obligations
hereunder and to complete the transactions contemplated herein and has obtained all necessary consents and authorizations required
to be obtained by it to perform this Agreement;

 

		(b)	this Agreement has been duly executed by each Seller and constitutes a legal, valid and binding
obligation of each Seller, enforceable against it in accordance with its terms;

 

		(c)	each Seller owns, as of the date of this Agreement, the category and quantity of Transferred Securities
set out opposite its name in Schedule (A);

 

		(d)	each Seller is the sole owner of the Transferred Securities that it will sell or contribute to
the Purchaser and such Transferred Securities is fully paid up, validly issued and free and clear from any Encumbrance;

 

		(e)	each of the Sellers which is not an individual is duly organized and validly existing under the
laws of its jurisdiction of incorporation or formation, is not in a state of insolvency (en état de cessation des paiements),
nor subject to any Bankruptcy Proceedings and no facts exist that would result in any such event occurring ;

 

		(f)	the execution and the performance by each Seller of this Agreement and any other agreement entered
into pursuant to this Agreement do not and will not require any consent, approval, authorization or order of, action by, filing
with or notification to any government, governmental, supranational or trade agency, court or regulatory body (including foreign
investment control clearance) ;

 

		(g)	the execution and the performance by each Seller of this Agreement and the consummation of the
transactions contemplated hereby shall not, directly or indirectly (with or without notice or lapse of time, or both) result in:
(i) a breach or violation of any Law applicable to or any provision of the constitutional documents of each Seller, (ii) a breach
of any Judgment by which each Seller is bound.

 

		8.2.	Additional Representations by the Sellers on a Several Basis

 

The Sellers represent and warrant
severally but not jointly (conjointement mais non solidairement) to the Purchaser that:

 

		(a)	the Company is duly organized and validly existing under the laws of France, and is not in a state
of insolvency (en état de cessation des paiements), nor subject to any Bankruptcy Proceedings;

 

		(b)	the share capital of the Company is validly issued and fully paid-up and the Transferred Securities
represent 100% of the share capital and voting rights of the Company, it being reminded that no subscription price has been paid-up
for the Mezzanine Warrants which have been attached to the bonds issued by Atlas Bidco (i.e., under the form of obligations
à bons de souscription d’actions) on 29 July 2020;

 

		(c)	the Company is a holding company that has had no activity since its incorporation, with the exception
of the holding of the Group Companies;

 

		(d)	the Company is the sole legal and beneficial owner of 100% of the share capital and voting rights
of Atlas Bidco on a fully diluted basis;

 

     

     

    

 

		(e)	Atlas Bidco has been incorporated on 9 July 2020 as part of the AL/Hivest Transaction and has not
implemented any action other than as part of, and for the purpose of completing, the AL/Hivest Transaction.

 

		(f)	all the shares of Atlas Bidco have been validly issued in compliance with Law, fully paid up and
shall, as of the Closing Date, be directly or indirectly validly owned by the Company, free and clear of Encumbrances.

 

		(g)	Atlas Bidco is the sole legal and beneficial owner of 100% of the share capital and voting rights
of Cryo International on a fully diluted basis (subject to Encumbrance relating to the Existing Indebtedness which shall be released
upon repayment of the Existing Indebtedness on the Closing Date);

 

		(h)	the Company and Atlas Bidco have never entered into or promised to enter into any contract (including
any employment or services contract) with any third party (including the Sellers or the other Group Companies) other than in respect
of the work contract or mandats sociaux which have been or are in the process of being legally and validly transferred to
such entities prior to Closing and with no Tax liability or cost for the Group Companies on a consolidated basis ;

 

		(i)	subject to repayment of the full amount of the Existing Indebtedness in accordance with Clause
3.3 and the exercise of the related warrants, on the Closing Date, the Company has not issued, nor approved the issuance of, any
shares, warrants or securities of any nature whatsoever; and there are no options or other agreements or undertakings pursuant
to which the Company is or may become obliged to issue any shares, warrants or other securities of any nature whatsoever;

 

		(j)	none of the Company and Atlas Bidco is insolvent (en état de cessation des paiements)
and none is subject to any safeguard, insolvency or winding-up proceedings, or any equivalent procedure under the insolvency Laws
applicable to it, and there are no grounds for making the Group Companies subject to any such proceedings. The Company and Atlas
Bidco are not subject to a judgment of, or requested for, dissolution, liquidation, bankruptcy or receivership. No administrator
or receiver has been appointed by any person in respect of any of the Company and Atlas Bidco, and no steps have been initiated
to obtain such appointment. The Company and Atlas Bidco have not commenced any negotiations with any one or more of their creditors
with a view to the general readjustment or general rescheduling of their indebtedness and no creditor has taken, or is entitled
to take, any steps to enforce, or has enforced, any security over any assets of any the Company and Atlas Bidco.

 

		9.	REPRESENTATIONS AND WARRANTIES UNDER THE AL SPA

 

Subject to the paragraphs below in this
Section 9, the Sellers represent and warrant to the Purchaser as at the date hereof and as at the Closing Date (except where a
warranty is granted at a specific date in which case the warranty is made as of such date) except as Fairly Disclosed (as such
term is defined in the AL SPA) in the Data Room or actually known to the Purchaser or further disclosed in Schedule 9 or in this
Agreement or in any written agreement between the Parties,

 

		(a)	the warranties set forth under Section 9.5 to 9.29 (Seller’s Warranties) of the AL
SPA as repeated mutatis mutandis for the purposes of this Agreement as at the date hereof and as the Closing Date and any
reference to “the Agreement”, “date hereof” or “Closing Date” (or a similar expression) in
the AL SPA shall be deemed to include respectively a reference to this Agreement, the date of this Agreement and the Closing Date
of this Transaction;

 

		(b)	the warranties set forth below:

 

     

     

    

 

		(i)	the Purchase Price is not, even partially, subject to any social security contribution and/or any
Tax assessed on wages for which the Purchaser and/or any of the Group Companies could be held liable;

 

		(ii)	the Company and Atlas Bidco comply and have always complied, in all material respect, with the
Laws applicable thereto

 

		(iii)	the Company and Atlas Bidco have no off balance sheets liabilities or any other liabilities whatsoever
other than in relation to the AL SPA ;

 

		(iv)	there has been no Leakage in the period from (and including) the Effective Date to (and including)
Closing;

 

		(v)	the unaudited financial statements of the Company attached in Schedule 9(b)(v) give a true
and fair view of the assets, liabilities, results of operations, cash flows, changes in shareholders’ equity and financial
position of, respectively, the Company and Atlas Bidco as at July 9, 2020 and for the period for which they have been established;

 

		(vi)	Atlas Bidco will carry on as at the Closing date activities which are subject to VAT such that
Atlas Bidco’s VAT credit taken into account as a Cash item for the determination of the Actual Closing Net Debt is effectively
fully recoverable.

 

		(vii)	the sale of the Group Companies will not give rise to any Tax liability or cost for any Group Company
(except for registration duties as per the French General Tax Code) and will not trigger the loss for any Group Company of any
Tax advantage or any beneficial regime in respect of Taxes, excluding for the avoidance of doubt any matters or Taxes related to
the Indian activities of the Group Companies;

 

		(viii)	safe for registration duties provided for under Section 726, I, 1° of the French General Tax
Code, no Tax or withholding obligation will arise from the Transaction or from the AL/Hivest Transaction in the hands of the Purchaser
and any of the Group Companies, including with respect to the indirect stock transfer of the Indian ATLAS Subsidiary (PDP Life
Science Logistics India Pvt LTD);

 

		(ix)	the Company does not constitute a “controlled foreign corporation” as defined under
Section 957(a) of the U.S. Internal Revenue Code, as amended, for the tax year of the Company that includes the Closing Date;

 

(all the representations and warranties
listed above are, the “Warranties To Be Insured”).

 

Subject to the one euro cap on liability
pursuant to Section 10.2 (and to the Remaining Warranties in the event that and to the extent they would not be covered by the
W&I Insurance) and without prejudice to recourse for fraud or willful misconduct (faute intentionelle which may be considered
as manoeuvres dolosives in the context of this Transaction) by any of the Sellers, the Parties (i) agree that the Sellers
shall not be liable directly or indirectly or in any manner in relation to the Warranties To Be Insured and that it shall in no
case be under any obligation to pay or indemnify any amount to the Purchaser (or the relevant W&I Insurer) in relation to the
Warranties To Be Insured, even if they are incorrect, incomplete or inaccurate and (ii) acknowledge that the Purchaser endeavors
to enter into the W&I Insurance Policy to cover the Warranties To Be Insured which is the sole purposes of the Warranties To
be Insured. The Purchaser hereby acknowledge and agree that its exclusive recourse for any breach, incorrectness, incompleteness
or inaccuracy of the Warranties To Be Insured shall be, to the extent it is obtained by the Purchaser, the W&I Insurance Policy.

 

     

     

    

 

 

The Purchaser shall ensure that, save in
case of fraud or willful misconduct (faute intentionelle which may be considered as manoeuvres dolosives in the context
of this Transaction) by any of the Sellers the terms and conditions of the W&I Insurance Policy do not allow the W&I
Insurer or any of its affiliates to claim for any indemnification from or take any legal action against the Sellers in relation
to any breach of the Warranties To be Insured and undertake to hold the Sellers harmless against any recourse by the W&I Insurer
against the Sellers which shall be involved in the negotiation of and granted access to the draft W&I Insurance Policy prior
to its conclusion. The Purchaser undertakes not to agree to any amendment to such policy which could allow the W&I Insurer
to have any recourse against the Seller and to exercise its rights under the policy so that such non-recourse provision is complied
with by the W&I Insurer. In the event that (i) the W&I Insurer was to claim or act against any of the Sellers, or (ii)
the Purchaser was to claim or act against any of the Sellers, in respect of or in relation to any of the Warranties To Be Insured,
such Warranties To Be Insured would be deemed null and void.

 

As from the date hereof until the Closing
Date, the Sellers shall, after having made due enquiries with C Picaud (CEO) and G Chevillon (CFO) that have significantly inputted
to the disclosure exercise at Signing of this Agreement, disclose to the Purchaser any new events, circumstances or developments
which could lead to a breach of warranties under Section 8.2. and 9(a) and (b) of this Agreement (it being understood that any
operations contemplated in this Agreement does not require any update).

 

As an exception to the above, in the event
that the W&I Insurance Policy does not cover all or part of the warranties granted pursuant to Section 9(b), those warranties
shall be deemed granted by the Sellers acting conjointement mais non solidairement (the “Remaining Warranties”)
subject to the limitations on liabilities set forth in Section 10. In the event that the W&I Insurance Policy covers all or
part of the Remaining Warranties, those Remaining Warranties which are covered by the W&I Insurance Policy shall be considered
as a Warranties To Be Insured for all purposes of this Agreement and excluded from the scope of the Remaining Warranties.

 

		10.	Indemnification by the Sellers

 

		10.1.	Nature of the Sellers' Obligations

 

		(a)	The sales by the Sellers of their respective Transferred Securities are to be separate and several
sales, and the representations, warranties, covenants, agreements and other undertakings of the Sellers set forth in this Agreement
are all given or made by the Sellers severally but not jointly (conjointement mais non solidairement) for all purposes of
this Agreement.

 

		(b)	Without prejudice to the provisions of Section 9 or to the limitations to the Sellers’ liability
in Section 10, each Seller undertakes to indemnify the Purchaser in accordance with the terms of this Agreement for any loss incurred
by the Purchaser which:

 

		(i)	has its origin or cause prior to Closing; and

 

		(ii)	is the direct consequence (to the exclusion of consequential or indirect damages) of any inaccuracy
in the representations and warranties made by such Seller, in Section 8 or 9, subject to the limitations set forth in Section
10.2(b)).

 

		10.2.	Maximum Liability - Mitigation

 

		(a)	Under circumstances where a claim may be validly made against all or any of the Sellers under this
Agreement, the amount claimed by the Purchaser against any single Seller shall not exceed the portion of the Purchase Price received
by such Seller in accordance with Schedule 3.2
(as amended by the Sellers’ Representative, as the case may be), except in case of fraud or willfull misconduct.

 

     

     

    

 

		(b)	The maximum aggregate amount for which a Seller may be liable in respect of any and all claims
which may be made under this Agreement shall be limited to

 

		(i)	such Seller's portion of the Purchase Price in accordance with Schedule 3.2 (as amended
by the Sellers’ Representative, as the case may be), except in case of fraud or willfull misconduct with respect to warranties
set forth in Section 8.1 and 8.2,

 

		(ii)	the product of the percentage of the Purchase Price received by such Seller by one million two
hundred fifty thousand euros (€1,250,000) in respect of the Remaining Warranties (unless they are (and to the extent they
are) covered by the W&I Insurance Policy in which case they shall be treated as Warranties To Be Insured),;

 

		(iii)	the Seller’s liability in respect of any breach of representations 9(a) (including the Remaining
Warranties to the extent they are covered by the W&I Insurance Policy) is capped at a symbolic amount of one (1) euro.

 

		(c)	The Purchaser shall (and shall procure that each of its Affiliates, including the Group Companies,
shall) take such action reasonably necessary to mitigate any loss or damage suffered or incurred by it or the relevant Group Company
which could result in a claim against the Sellers.

 

		10.3.	Time Limitation – Conduct of
Claims

 

		(a)	Any claim against one or more of the Sellers pursuant to this Agreement shall, to be valid, be
made after the Closing Date and be notified to the Sellers' Representative (i) in the case of a third party claim, within
ten (10) days of the receipt of such third party claim, or (ii) in all other cases, within ten (10) days of the date on which
the Purchaser becomes aware of the fact or event giving rise to such claim.

 

		(b)	No claim shall give rise to an indemnification obligation if notice of such claim is made after
a period of March 31st, 2022 (the "Expiry Date"); it being specified that this time limit shall not apply to the
representations and warranties set forth in Sections 8.1, 8.2 and 9(b) (insofar as any of the representations in 9(b) are
related to Tax) which shall fall under the applicable statutes of limitation plus sixty (60) Business Days.

 

		(c)	If a claim is made before the Expiry Date, it shall be deemed withdrawn 18 months after the Expiry
Date unless judicial proceedings in respect of it have been commenced prior to the expiration of such 18-month period. No claim
may be made against a Seller in respect of Section 8.2 unless it is made and pursued against all the Sellers.

 

		(d)	Any claim against the Sellers that remains outstanding when due shall accrue interest at a rate
of 2% per annum.

 

		(e)	Any payment made by the Sellers in accordance with this Section 9 shall be deemed to be a
reduction in the Purchase Price.

 

		(f)	In any event, the Parties shall have the option to set off the entire amount of any payment (up
to the amount of such payment) with any amount that would be due and payable by the other relevant Party under condition that the
amounts to be set-off represent, as at the date of
such set-off (compensation), reciprocal receivables which are certaines, liquides and exigibles.

 

     

     

    

 

		(g)	The indemnification provided for in this Section shall constitute the Purchaser's exclusive
remedy in respect of any breach of representations, warranties, covenants, agreements and other undertakings of the Sellers set
forth in this Agreement and the Purchaser hereby waives any right that it may have to rescission of this Agreement. The Purchaser
further recognizes and accepts that the Sellers shall not make, or give, any representations and warranties (whether express or
implied, written or oral) other than those described in Sections 8.1 and 8.2 above.

 

		(h)	For the purpose of the representations set forth in Section 8 and 9, the provisions of Section
10.4, 10.5, 10.6, 10.9, 10.10, 10.11, 10.12 of the AL SPA shall apply mutatis mutandis to this Agreement (as if the Group Company
under the AL SPA were to include also Atlas and Atlas Bidco), as if the Buyer under the AL SPA was the Purchaser.

 

		(i)	The Purchaser shall to the extent it is compliant with the corporate interest of the company take
such action reasonably necessary to mitigate any Loss suffered or incurred by it or the relevant Group Company which could result
in a Claim against the Seller.

 

		(j)	For the purpose of the representations set forth in Section 8.2 and 9(b), if and to the extent
that the fact, matter, event or circumstance giving rise to the Claim is specifically accounted for in the Actual Net Debt, in
the Actual Working Capital or as a provision in the accounts attached as Schedule 8.2(o), the Loss shall be reduced by an amount
up to the amount so accounted as a provision for in the Actual Net Debt, in the Actual Working Capital or in such accounts. More
generally, it is agreed that any amount (or portion of an alleged Loss) already taken into account in the Actual Net Debt or Actual
Working Capital shall not give rise to any claim under the representations and warranties set forth in Section 8.1, 8.2 and 9 up
to such amount.

 

		(k)	In connection with any claim for indemnification that is made in accordance with the terms of this
Agreement, payment shall be made only upon acceptance of the claim by the Sellers in writing or upon a court decision without any
possibility to file any recourse with a view to staying enforcement (insusceptible de recours suspensif d’exécution)
in accordance with Section 14.13.

 

		11.	Non-sollicitation of employees

 

For a period
of two (2) years after the Closing Date, Hivest Capital Partners SAS, Hivest I FPCI and Atlas Co-Invest FPS shall not,
and shall procure (in respect of Hivest Capital Partners SAS only) that none of their respective Affiliates, make, offer, solicit
or induce to enter into, any written or oral arrangement, agreement or understanding regarding employment or retention as a consultant
with any individual listed in Schedule 11.

 

		12.	NON-COMPETE

 

Unless otherwise agreed
in writing between some Sellers and the Purchaser, for a period of two (2) years after the Closing Date, Hivest Capital
Partners SAS, Hivest I FPCI and Atlas Co-Invest FPS shall not (and shall procure, in respect of Hivest Capital
Partners only, that any of its Affiliates shall not), without the prior consent of the Purchaser, during the Restricted
Period, alone or jointly with, through, for itself or on behalf of, on in conjunction with, any person, either as principal,
partner, manager, advisor, consultant, shareholder, joint-venture partner, agent or in any other capacity whatsoever,
directly or indirectly, carry on, participate or be engaged, concerned or interested in activities, competing directly with
the current business of the Group Companies in the Restricted Territories (a “Competing Business”).

 

     

     

    

 

		13.	Confidentiality

 

		13.1.	Public Announcements

 

		(a)	None of the Sellers nor the Purchaser shall, or shall permit any Affiliate which it Controls, or
any of its representatives or advisors to, issue or cause the publication of any press release or other public announcement or
disclosure with respect to this Agreement or the transactions contemplated hereby without the prior written consent of the Sellers'
Representative and of the Purchaser, except (i) in respect of the press release agreed between the Parties which will be published
[on the date hereof / on the Closing Date] by the Sellers’ Representative and the Purchaser to address Purchaser’s
constraints as listed company and (ii) as otherwise required or advisable under Law or stock exchange requirement. It is understood
and agreed that the financial exhibits (in particular Schedule 3.2 and 3.4) to this Agreement will not be disclosed without the
Sellers’ Representative prior consent.

 

		(b)	In the event any such press release, public announcement or other disclosure is required or advisable
under Law or stock exchange requirement. to be made by the Party proposing to issue the same, such Party shall notify the other
Party prior to the issuance or making of any such press release, public announcement or other disclosure and shall use its commercially
reasonable endeavors to consult in good faith with the other Party and to take into account the requirements of the other Party
as to the timing, contents and manner of making any such press release, public announcement or other disclosure. The Sellers acknowledge
that the securities of the Purchaser are listed on the Nasdaq stock market and as a consequence, certain information shall be disclosed
by the Purchaser regarding this Transaction and/or the Group Companies.

 

		13.2.	Non-Disclosure

 

		(a)	Except as required or advisable under Law or stock exchange requirement, each Party shall, and
shall procure that their Affiliates keep confidential all information provided to them by or on behalf of any Party or otherwise
obtained by or in connection with this Agreement which relates to any Party.

 

		(b)	If, after Closing, any of the Group Companies holds confidential information relating to any of
the Sellers, the Purchaser shall procure that such Group Company keeps that information confidential and, to the extent reasonably
practicable, returns that information to the relevant Seller or destroys it, in each case without retaining copies.

 

		(c)	Without limiting the generality of the foregoing, the Purchaser and the Sellers’ Representative
acknowledge that they shall continue to be bound by the Confidentiality Agreement during such period from the date of this Agreement
to Closing.

 

		14.	Miscellaneous

 

		14.1.	Further Actions and electronic signature

 

Subject to the terms and
conditions provided herein, each of the Parties shall use its reasonable endeavors to take all measures or to ensure that all
measures necessary or advisable under applicable Laws are taken in a timely manner for the consummation of the transactions
contemplated by this Agreement. In the event that after the Closing Date, any additional measures are necessary or desirable
for the consummation of the transactions contemplated herein, the Parties shall take all such measures, or shall ensure that
they are taken.

 

     

     

    

 

The Parties hereby agree to sign
electronically this Agreement in accordance with the provisions of articles 1366 et seq. of the French Civil code, through the
service provider DocuSign who will ensure the security and integrity of the digital copies of this Agreement in accordance with
the Electronic Signature Laws and Regulations. Each Party hereby undertakes to take all appropriate measures to ensure that the
electronic signature of this Agreement is made by its representative duly authorized for the purposes hereof. Each Party hereby
acknowledges and agrees that its signing of this Agreement via the abovementioned electronic process is made in full knowledge
of the technology implemented, its relating terms of use and the Electronic Signature Laws and Regulations, and, accordingly, hereby
irrevocably and unconditionally waives any right such Party may have to initiate any claim and/or legal action, directly or indirectly
arising out of or relating to the reliability of said electronic signature process and/or the evidence of its intention to enter
into this Agreement in this respect.

 

It is acknowledged that as at
the signing date of this Agreement, Mr Nicolas Pedrono, was unavailable. The Sellers acknowledge that they are confident that Mr.
Pedrono will sign, directly or indirectly, this Agreement promptly after his leave. The Sellers shall make their best efforts to
obtain relevant signature or power of attorney from such Seller as soon as possible, or as the case may be exercise the drag-along
right pursuant to the current shareholders’ agreement of the Company to ensure the delivery of the Transferred Securities
owned by such Seller on Closing. In case of failure to obtain such delivery of the Transferred Securities of Mr Pedrono upon Closing,
the Parties shall complete the Transaction without the Transferred Securities of Mr. Pedrono (the Agreement being amended mutatis
mutandis in good faith by the Parties to the extent needed) and the Sellers shall pursue any necessary actions to deliver such
Transferred Securities as soon as possible, including by means of emergency (référé or à bref délai)
legal action, if necessary (and at the cost of the Sellers).

 

		14.2.	Sellers' Representative

 

		(a)	Appointment of the Sellers’ Representative. Each of the Sellers hereby appoints irrevocably
and exclusively Hivest Capital Partners as its agent (mandataire d’intérêt commun) (the "Sellers’
Representative") to, in its name and on its behalf:

 

		1.	give and receive notices and communications under this Agreement;

 

		2.	take actions relating to the allocation of the Purchase Price between the Sellers, determination
of the Post-Closing Adjustment in accordance with the provisions of Section 3.4(d) and in this respect negotiate with the Purchaser
and accept the Purchaser’s Statement, sign, execute and deliver, as the case may be, a Sellers’ Disagreement Notice;

 

		3.	deliver any notices, certifications, consents, approvals or waivers required or appropriate under
this Agreement (as determined in the reasonable judgment of the Sellers’ Representative);

 

		4.	handle, dispute, compromise, settle or otherwise deal with any and all claims by or against, or
disputes with, the Purchaser provided under this Agreement; and

 

     

     

    

 

		5.	more generally, exercise the rights of the Sellers on their behalf under this Agreement.

 

		(b)	Any notice or communication given or received by, and any decision, action, failure to act within
a designated period of time, agreement, consent, settlement, resolution or instruction of, the Sellers’ Representative shall
constitute a notice or communication to or by, or a decision, action, failure to act within a specified period of time, agreement,
consent, settlement, resolution or instruction of all the Sellers and shall be final, binding and conclusive upon each such Seller.

 

		(c)	By their execution of this Agreement, each of the Sellers hereby ratifies, confirms and approves
all things done by the Sellers’ Representative arising from or in connection with the negotiations and agrees to ratify any
and all things that the Sellers’ Representative may do in the future pursuant to this Section 14.2.

 

		(d)	Any decision of the Sellers’ Representative shall irrevocably bind the Sellers which expressly
accept.

 

		(e)	No liability. Any decision or act taken by the Sellers’ Representative under this
Agreement shall bind the Sellers, but the Sellers’ Representative shall not bear any liability whatsoever in its capacity
as agent of the Sellers under this Agreement.

 

		(f)	Successors. The Sellers’ Representative or its successors may at any time notify the
Purchaser and the Sellers that it does not wish to continue to act as agent for all or part of the Sellers.

 

		(g)	The Sellers’ Representative (or any of its successors) may at any time notify the Parties
that it does not wish to continue to act as agent for all or part of the Sellers provided however that the termination of a Sellers’
Representative appointment will not be effective vis à vis the other Parties unless and until a new Person is designated
as Sellers’ Representative under this Agreement.

 

		14.3.	Notices and Communications

 

		(a)	All notices and other communications required or permitted to be given or made pursuant to this
Agreement shall be in writing in the English language and shall be: (x) delivered by hand against an acknowledgement
of delivery dated and signed by the recipient; (y) sent by an overnight courier service of recognized international
standing (all charges paid); or (z) sent by email and confirmed by registered mail (postage prepaid, return
receipt requested) (lettre recommandée avec demande d'avis de réception) posted no later than the following
Business Day, to the relevant Party at its address or email set forth below:

 

If to the
Purchaser, to Cryoport, Inc.:

 

Cryoport, Inc.

112 Westwood Place – Suite
350

Brentwood, Tennessee 37027

Attn: Robert Stefanovich (CFO)
; Tony Ippolito (GC)

Email: RStefanovich@cryoport.com
;tippolito@cryoport.com

 

with a copy to:

 

McDermott Will & Emery AARPI

23, rue de l’Université

75007 - Paris

Attn: Me Bertrand Delafaye

Email: bdelafaye@mwe.com

 

     

     

    

 

If to a
Seller, to the Sellers’ Representative:

 

Hivest Capital Partners SAS

24, rue de Prony

75017 - Paris

Attn: Mr. Cédric Lépée
/ Mr. Barthélemy Grave

Email: cedric@hivestcapital.com
/ barthelemy@hivestcapital.com

 

with a copy to:

 

Hogan Lovells (Paris) LLP

17, avenue Matignon

75008 - Paris

Attn: Me Stéphane Huten

Email: stephane.huten@hoganlovells.com

 

or to such other Persons or at
such other addresses as hereafter may be notified by the Purchaser or the Sellers’ Representative by like notice to the other.

 

		(b)	A notice or a communication shall be deemed to have been received:

 

		·	at the time of delivery if delivered personally;

 

		·	at the time of transmission (if such transmission
is confirmed) if sent by email;

 

		·	two (2) Business Days after the time and
date of mailing if sent by pre-paid inland registered mail; or

 

		·	five (5) Business Days after the time
and date of mailing if sent by pre-paid registered airmail;

 

provided that if deemed
receipt of any notice or communication occurs after 7:00 p.m. or is not on a Business Day, deemed receipt of the notice shall be
9:00 a.m. on the next Business Day. References to time in this Section 14.3 are to local time in the country of the addressee.

 

		14.4.	Costs and Expenses

 

		(a)	Except as otherwise expressly provided herein or as otherwise specifically agreed in writing by
the Parties, each of the Sellers, on the one hand, and the Purchaser, on the other hand, shall bear its own expenses incurred in
connection with the negotiation, preparation and signing of this Agreement and the consummation of the transactions contemplated
hereby.

 

		(b)	Any transfer or stamp taxes (including any droits d'enregistrement) or similar levies that
may become payable as a result of the signing of this Agreement or the transfer of the Transferred Securities pursuant hereto shall
be borne by the Purchaser and shall be paid on a timely basis in compliance with all statutory requirements. The Purchaser shall
provide the Sellers' Representative with evidence of the payment of any such taxes or levies promptly upon the written request
of the Sellers' Representative.

 

     

     

    

 

		14.5.	Absence of Third-Party Rights –
Assignment

 

		(a)	Except as expressly provided herein, this Agreement shall inure to the benefit of, and be binding
upon, the Parties hereto and their respective successors and assigns and none of the Parties shall assign any of its rights or
delegate any of its obligations created under this Agreement without the prior written consent of the other Parties.

 

		(b)	Notwithstanding the above, the Purchaser may assign (in whole or in part) its rights and obligations
under this Agreement (including for clarity any cause of action arising out of or in connection with any breach thereof) to any
of its Affiliates, provided that the Purchaser shall remain joint and severally liable with such Affiliate in the performance of
its obligations hereunder. Subject to the foregoing provisions of this clause, this Agreement will apply to, be binding in all
respects upon, and inure to the benefit of the heirs, executors, administrators, legal representatives, successors, and permitted
assigns of the Parties.

 

		14.6.	Entire Agreement

 

This Agreement (together with
the Confidentiality Agreement) represents the entire agreement and understanding of the Parties with reference to the transactions
set forth herein and no representations or warranties have been made in connection with this Agreement other than those expressly
set forth herein. This Agreement supersedes all prior negotiations, discussions, correspondence, communications, understandings
and agreements between the parties relating to the subject matter of this Agreement and all prior drafts of this Agreement, all
of which are merged into this Agreement. No prior drafts of this Agreement may be used to show the intent of the parties in connection
with this Agreement or shall otherwise be admissible into evidence in any proceeding or other legal action involving this Agreement.

 

		14.7.	Explicit waivers

 

The Purchaser hereby explicitly
and irrevocably waives its right to (i) benefit from the provisions of article 1223 of the French Civil Code (Code civil)
and to accept a partial performance of the Agreement in exchange for a proportional discount of the price (unless otherwise provided,
(ii) to benefit from the provisions of article 1226 of the French Civil Code (Code civil) to terminate or intend to terminate
the Agreement, (iii) to ask for the caducity of the Agreement due to termination of an agreement supporting the completion of the
operations provided therein and (iv) as far as permitted by laws, the benefit of article 1190 and 1602 of the French Civil Code
(Code civil).

 

		14.8.	Enforcement

 

		(a)	The Parties agree not to attempt to rescind the rights and obligations granted herein.

 

		(b)	To this effect, the Parties agree to apply the provisions of Article 1221 of the French Civil Code
in respect of the subject matter to this Agreement and agree to have their respective undertakings subject to specific performance
(exécution forcée) in consideration of the fact that a breach of each such undertaking may not be fully compensated
by damages. Each Party further acknowledges and agrees that any specific performance action (exécution forcée)
in respect of this Agreement will constitute a balanced course of action falling outside the "manifest disproportion"
exclusion contained in Article 1221 of the French Civil Code.

 

     

     

    

 

		14.9.	counsel and legal advisors

 

Each Party hereby acknowledges
that it has been dully advised by its own lawyers and professional advisors, and therefore acknowledges that it has been duly and
independently informed of its rights and obligations under this Agreement and has been able to negotiate the terms of this Agreement.
As a consequence, none of the lawyers or professional advisors shall be considered as the sole legal drafter of this Agreement
on behalf of all the Parties, and each Party agrees and acknowledges that this Agreement shall not be qualified as an adhesion
contract pursuant to the provisions of article 1110 of the French Civil Code (Code civil).

 

Notwithstanding any provision
to the contrary, the Purchaser hereby explicitly acknowledges and agrees that the Sellers may ask for the enforcement of the Purchaser's
undertakings if it breaches its obligations under the Agreement, pursuant to the article 1221 of the French Civil Code (Code
civil). The Purchaser agrees and acknowledges that this enforcement is feasible and that there is no disproportion between
the cost for the Purchaser and its purpose for the Sellers.

 

		14.10.	Waiver of article 1995 of the French
Civil Code and termination

 

Each Party hereby acknowledges
that the provisions of Article 1195 of the French Civil Code (Code civil) shall not apply to this Agreement. Accordingly, each
of the Parties represents that he, she or it accepts any risk relating to, or resulting from, an unforeseeable change of circumstances
within the meaning of article 1195 of the French Civil Code (Code civil).

 

This Agreement may be terminated
at any time prior to the Closing:

 

		(a)	by the mutual written agreement of the Purchaser and the Sellers’
Representative;

 

		(b)	by the Purchaser or the Seller’s Representative, if the Closing
has not occurred at the latest by the Longstop Date; provided, however, that such right of termination shall not be available to
the Purchaser or the Seller’s Representative, as the case may be, if (respectively) the Purchaser or the Seller’s Representative,
failed to fulfil any obligation under the agreement that shall have been the cause of, or resulted in, the failure of the Closing
to have occurred prior to the Longstop Date. 

 

		14.11.	Waivers and Amendments

 

No modification of or amendment
to this Agreement shall be valid unless in a writing signed by the Sellers’ Representative (in the name and on behalf of
the other Sellers) and the Purchaser and referring specifically to this Agreement and stating the Parties' intention to modify
or amend the same. Any waiver of any term or condition of this Agreement must be in writing signed by the Party (the Purchaser
or the Sellers’ Representative (in the name and on behalf of the other Sellers)) sought to be charged with such waiver referring
specifically to the term or condition to be waived, and no such waiver shall be deemed to constitute the waiver of any other breach
of the same or of any other term or condition of this Agreement.

 

		14.12.	Severability

 

This Agreement shall be deemed
severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability
of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision,
the Parties hereto intend that there shall be added as a part of this Agreement a provision as similar in terms to such invalid
or unenforceable provision as may be possible and as may be valid and enforceable.

 

     

     

    

 

		14.13.	Governing Law and Disputes

 

		(a)	This Agreement shall be governed by and construed in accordance with French law.

 

		(b)	Any dispute, controversy, proceedings or claim of whatever nature arising out of or in any way
relating to this Agreement (or any matters contemplated under this Agreement) or its formation or its validity or its interpretation
or its performance shall be submitted to the exclusive jurisdiction of the Commercial Court of Paris (Tribunal de commerce de
Paris).

 

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Each Party acknowledge and agree, by
exception to the provisions of article 1161 of the French Code Civil, that a Party to this Agreement may represent, and act
in the name and on behalf of, another Party and, as such, to irrevocably waive its rights to require the invalidity and
nullity of the Agreement or any other agreement or document entered into in accordance with the terms and conditions of the
Agreement on the basis of article 1161 of the French Code Civil.

 

Made in Paris, on 20
August, 2020, in the required number of original copies.

 

	/s/Robert Stefanovich 	 	/s/Cedric Lepee
	
        Cryoport,
        Inc.

        By: Robert Stefanovich 

        Title: Chief Financial Officer
	 	
        Hivest I FPCI

        Represented by Hivest
        Capital Partners SAS itself represented by Mr. Cédric Lépée

	
         

         

         

         

        /s/Cedruc Picaud

         
	 	/s/Guillaume Chevillon
	
        Monsieur
        Cedric Picaud

         

         

         
	 	Monsieur Guillaume Chevillon
	
         

         

        /s/Cedruc Picaud

         
	 	/s/Cedruc Picaud
	
        Madame
        Karine Gradzie

         

        By Mr. Cédric
        Picaud, by power of attorney

         
	
         

         

         

         

         

         

         

         
	
        Monsieur
        Tangi Tremorin

         

        By Mr. Cédric
        Picaud, by power of attorney

         

	/s/Cedruc Picaud	 	/s/Cedruc Picaud
	
        Madame
        Berangere Delahaye

         

        By Mr. Cédric
        Picaud, by power of attorney

         

         

         

         

         

         

         
	 	
        Monsieur
        Sebastien Oudard

         

        By Mr. Cédric
        Picaud, by power of attorney

         

	/s/Cedruc Picaud	 	
	
        Monsieur
        Sebastien Oudard

         

        By Mr. Cédric
        Picaud, by power of attorney

         

         

         

         

         
	 	
        Monsieur
        Nicolas Pedrono

         

        By Mr. Cédric
        Picaud

         

 

     

     

    

 

	/s/Cedruc Picaud	 	/s/Cedruc Picaud
	
        Monsieur
        Mark Pettler

         

        By Mr. Cédric
        Picaud, by power of attorney

         

         

         

         

         
	 	
        M.
        Girish Pattathil Radhakrishnan

         

        By Mr. Cédric
        Picaud, by power of attorney

         

         

         

         

         

         

	/s/Cedruc Picaud	 	/s/Cedruc Picaud
	
        Monsieur
        Wasim Dingankar

         

        By Mr. Cédric
        Picaud, by power of attorney

         
	 	
        Advanced Therapy Logistics
        and Solutions SAS

        By: Cedruc Picaud

        

         

         

         

	/s/Cedric Lepee	 	/s/Cecile Levi
	
        ATLAS
        Co-Invest FPS

        By: Hivest Capital Partners SAS represented by Mr. Cedric Lepee

         

         

         

         
	 	TIKEHAU DIRECT LENDING IV

                                                                                By: Tikehau Associe II (SARL), itself represented by Tikehau Investment Management, itself represented by Mr. Vincent Leprevots or Mrs.
Cecile Levi 

	/s/Cecile Levi	 	/s/Cecile Levi
	
        TIKEHAU
MERCATI PRIVATI EUROPEI 

        By: Tikehau Investment Management, itself represented by Mr. Vincent Leprevots or Mrs. Cecile Levi

         

         

         

         
	 	MTDL 
By: Tikehau General Partner II (SARL) represented by Tikehau Investment Management, itself represented by Mr. Vincent Leprevots or Mrs.
Cecile Levi
	/s/Diego Felipe Aponte	 	 
	
        FPCI
SWEN CO-INVEST 2 

        By:
        Swen Capital Partners SA itself represented by Mr. Diego Felipe Aponte

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