Document:

EX-10.18

 EXHIBIT 10.18 

FIRST AMENDMENT TO 

SIXTH AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT 

THIS FIRST AMENDMENT TO SIXTH AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT (this “Amendment”) is dated as of
May 6, 2015 by and among Gelesis, Inc., a Delaware corporation (the “Company”), and the Stockholders listed on the signature pages hereto. The parties agree as follows: 

1. Registration Rights Agreement. This Amendment amends the Sixth Amended and Restated Registration Rights Agreement dated as of
March 6, 2015 between the Company and the Stockholders party thereto (as in effect prior to giving effect to this Amendment, the “Registration Rights Agreement”). Terms defined in the Registration Rights Agreement as amended
hereby and not otherwise defined herein are used with the meaning so defined. 
 2. Amendment of Registration Rights Agreement.
Effective upon the date hereof, the Registration Rights Agreement is amended as follows: 
 2.1 Amendment to Definition of
“Qualified Public Offering”. The definition of “Qualified Public Offering” in Section 1 of the Registration Rights Agreement shall be, and hereby is, replaced in its entirety with the following: 

““Qualified Public Offering” means either (a) the closing of the sale of shares of Common Stock to
the public at a price of at least $4.25 per share (subject to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization with respect to the Common Stock), in a firm commitment underwritten
public offering pursuant to an effective registration statement under the Securities Act of 1933, as amended, resulting in at least $50,000,000 of gross proceeds to the Company or (b) the sale in a firmly underwritten public offering registered
under the Securities Act of shares of the Company’s Common Stock that is approved by the written consent or affirmative vote of the holders of at least a majority of the shares of Series A Preferred Stock then outstanding.” 

2.2 Addition of Definition of Series A Preferred Stock. The following definition of “Series A Preferred Stock” is hereby
added to Section 1 of the Registration Rights Agreement: 
 ““Series A Preferred Stock” means the
Series A-1 Preferred Stock, Series A-2 Preferred Stock, Series A-3 Preferred Stock, Series A-4 Preferred Stock and the Series A-5 Preferred Stock.” 

3. No Other Amendments. Except for the amendment expressly set forth in this Amendment, the Registration Rights Agreement shall remain
unchanged and in full force and effect. This Amendment shall be subject to all applicable provisions of the Registration Rights Agreement including provisions relating to notices, governing law, severability and section headings. 

4. Counterparts. This Amendment may be executed in any number of counterparts hereof, and by the parties hereto on separate
counterparts hereof, and all such counterparts shall together constitute one and the same agreement. Counterparts of the signature pages hereto 

 
signed and delivered to the other parties hereto via facsimile (or other electronic means) shall for all purposes be deemed to constitute the delivery of an originally executed counterpart
hereof. 
 [Remainder of page intentionally left blank] 

 IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to be executed in
several counterparts, each of which shall be deemed to be an original, as of the day and year first above written. 
  

			
	 COMPANY:

	
	GELESIS, INC.
		
	By:		 /s/ Yishai Zohar

	Name:		Yishai Zohar
	Title:		President and Chief Executive Officer
	
	STOCKHOLDERS:
	
	PURETECH VENTURES, LLC
		
	By:		 /s/ Stephen Muniz

	Name:		Stephen Muniz
	Title:		Partner
	
	 INVESCO ASSET MANAGEMENT LIMITED,

as agent for and on behalf of its discretionary managed clients

		
	By:		 /s/ Graeme Proudfoot

	Name:		Graeme Proudfoot
	Title:		Head of Specialist Funds
	
	SSD2, LLC
		
	By:		 /s/ Elon S. Boms

	Name:		Elon S. Boms
	Title:		Manager

  
 Signature Page to First Amendment
to Sixth Amended and Restated Registration Rights Agreement 

	
	STOCKHOLDERS (continued):
	
	 /s/ John LaMattina

	John LaMattina
	
	 /s/ John and Mary LaMattina

	John and Mary LaMattina
	
	 /s/ Yishai Zohar

	Yishai Zohar

  
 Signature Page to First Amendment
to Sixth Amended and Restated Registration Rights AgreementExhibit 10.1

CINCINNATI FINANCIAL CORPORATION

P.O. BOX 145496

CINCINNATI, OH 45250-5496

(513) 870-2696

 

RESTRICTED STOCK UNIT AGREEMENT

SERVICE-BASED/RATABLE

 

 

PART I. AWARD INFORMATION

 

	Participant Name:	Vesting  Date Schedule:
	Grant Date:	  # units vest on [Date]
	Grant Amount:	  # units vest on [Date]
	Grant Type:	  # units vest on [Date]

 

 

CINCINNATI FINANCIAL CORPORATION (the "Company")
hereby grants to the associate identified below (the "Participant") a Restricted Stock Unit Award (the "Award")
under the Company's 2006 Stock Compensation Plan (the "Plan") with respect to the number of Restricted Stock Units (the
"Units") specified under Part I – Award Information ("Award Information") above, all in accordance with
and subject to the provisions set forth in Part II--Terms and Conditions.

 

THIS AWARD IS SUBJECT TO FORFEITURE
AS PROVIDED IN THIS RESTRICTED STOCK UNIT AGREEMENT AND THE PLAN.

 

By accepting this Award, the Participant acknowledges the receipt
of a copy of this Restricted Stock Unit Agreement (including Part II -- Terms and Conditions) and a copy of the Prospectus and
agrees to be bound by all the terms and provisions contained in them and in the Plan.

 

 

IN WITNESS WHEREOF, this Restricted Stock Unit Agreement has
been duly executed as of the Award Date specified below.

 

	 	CINCINNATI FINANCIAL CORPORATION	 
	 	 	 	 
	 	By:	/s/ Steven J. Johnston 	 
	 	 	President and CEO	 
	 	 	 	 

 

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PART II. TERMS AND CONDITIONS

 

1.Restricted Stock
Units. Each Unit represents a hypothetical share of the Company's Common Stock (the "Shares"), and each Unit will
at all times be equal in value to one Share. The Units will be credited to the Participant in an account established for the Participant
and maintained by either the Company or its transfer agent. If and when Units vest as provided below, Shares in an amount equal
to the number of vested Units will automatically be issued by crediting the Participant’s account.

 

2.Restrictions.
Subject to Sections 3 and 4 below, the restrictions on the Units specified in the Award Information shall lapse and such Unit shall
vest on the vesting date set forth in the Vesting Date Schedule of the Award Information (each “Vesting Date”), provided
the Participant remains an employee of the Company (or a subsidiary of the Company) during the entire period commencing on the
Award Date set forth in the Award Information and ending on and including a Vesting Date (the “Restriction Period”).
Upon vesting, one Share shall be issued with respect to each vested Unit.

 

3.Participant Death
or Disability During Restriction Period. In the event of the termination of the Participant’s employment with the Company
(and with all subsidiaries of the Company) prior to a Vesting Date due to death or Disability all restrictions on the Units shall
lapse, all of the Units shall become fully vested on the date of death or Disability, and one Share shall be issued with respect
to each such vested Unit.

 

4.Other Termination
of Employment During Restriction Period. If the Participant's employment with the Company (and with all subsidiaries of the
Company) is terminated for any reason other than death or Disability prior to the end of a Restriction Period, the Participant
shall forfeit all rights to any Units (and to the related Shares) as to which a Vesting Date has not yet occurred. Notwithstanding
the foregoing, the Compensation Committee of the Board of Directors of the Company may, in its sole discretion, waive the restrictions
on, and the vesting requirements for, the Units.

 

5.Shareholder Rights.
The Participant shall not have the right to vote any Shares or to receive any cash dividends payable with respect to any Shares,
or otherwise have any rights as a shareholder with respect to any Shares, unless and until the Shares have actually been issued
to the Participant hereunder upon the vesting of Units as provided in this Agreement.

 

6.Transfer Restrictions. This
Award and the Units (until they vest pursuant to the terms hereof and Shares are issued with respect thereto) are non-transferable
and may not be assigned, hypothecated or otherwise pledged, except by will or the laws of descent and distribution, and shall not
be subject to execution, attachment or similar process. Upon any attempt to effect any such disposition, or upon the levy of any
such process, the Award shall immediately become null and void and the Units shall be forfeited.

 

7.Withholding Taxes.
The Company is authorized to satisfy the actual minimum statutory withholding taxes arising from the vesting of this Award, as
the case may be by deducting the number of Shares having an aggregate value equal to the amount of withholding taxes due from the
total number of Shares that would otherwise be issuable upon any Units vesting or otherwise becoming subject to current taxation.
Shares deducted from this Award in satisfaction of actual minimum withholding tax requirements shall be valued at the Fair Market
Value of the Shares on the date as of which the amount giving rise to the withholding requirement first became includible in the
gross income of the Participant under applicable tax laws.

 

8.Death of Participant.
If any of the Units shall vest upon the death of the Participant, the Shares issued as a result of such vesting shall be registered
in the name of the estate of the Participant except that, if the Participant has designated a beneficiary where indicated in the
Award Information, the Shares shall be registered in the name of the designated beneficiary.

 

9.Other
Terms and Provisions. The terms and provisions of the Plan (a copy of which will be furnished to the Participant upon written
request) are incorporated herein by reference. To the extent any provision of this Award is inconsistent or in conflict with any
term or provision of the Plan, the Plan shall govern. For purposes of this Agreement, the term “Disability” means permanent
and total disability as determined under procedures established by the Company from time to time. In any case in which the existence
of a “Disability” is uncertain under the applicable definition and procedures hereunder, a final and binding determination
shall be made by the Committee in its sole discretion.

 

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